Chartered Accountant

Introduction

Chartered AccountantThe CA (Chartered Accountant) is one of the respectful and challenging career fields. CA is a good option for higher education in India.

Chartered accountancy was established in 1854 in Britain. It is the core activity of the business. In India, the CA course is conducted by the ICAI (Indian Chartered Accountants Institute).

A chartered accountant is the member of ICAI. The membership can be continued through the prescribed fees or yearly payment.

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“A chartered accountant deals with the financial management and carries out the financial audits”.

A chartered accountant works as a private advisor or in the accounts department in an organization. Chartered Accountant plays an important role in case of disputes, bankruptcy, etc.

After the completion of this course you can go for the works as auditing, cost accounting, tax management, management accounting, consultancy and financial works in an industry.

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The CA as the member of ICAI can use the prefix “CA” after his or her name.

Courses & Duration

It takes the 5 years to complete the CA course. By the year 2006, the ICAI has launched the three level of this course.

  • CPT (Common Proficiency Test)
  • IPCC (Integrated Professional Competence Course)
  • FC (Final Course)

The CPT is the entry-level foundation course involves the quantitative aptitude test, general economics, mercantile laws and accounting.

The IPCC has two groups. It covers the working knowledge of the core subjects. It is specially designed to improve the knowledge of accounting standards.

The CA final course covers the advanced knowledge of financial reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing.

The students who had cleared their plus two examination can go for the foundation level test conducted by the ICAI. After passing the group 1st, the students have to undergo the on-job training period of 3 years called “articleship” with an audit or accounts firm.

After completion of the articleship, the student can appear the final course. The GMCS (General Management and Communication Skill Course) is the 15 days mandatory training course introduced in 2003.

Chartered Accountancy subjects, mostly deal with studies such as budget planning, market research, planning of policies, management of working capital of an organization, etc.

Skills Required:

  • Numerical Ability
  • Logical & Methodical Approach
  • Good understanding of the socio-economic environment in which organizations operate
  • Necessary skills in applying theoretical knowledge to practical situations
  • Good Verbal & written expression
  • Ability to deal with different types of people

Eligibility & Admission

The students with the commerce or science or arts background can get the admission in CA course. Students should have the knowledge of the computer as the all account work done with the help of a computer.

After the completion of 12th standard, students can take the admission in the CA programme through the CPT (Common Proficiency Test).

Interested students can register for the test after passing their 10th examination, though they are supposed to appear for the test after 12th.

Students, those pass their graduation with commerce stream, they are required to pass their 12th exam with minimum 50% aggregate marks.

Non-commerce graduate can also apply for the CPT, if they clear their 10+2 examination with at least 55% marks excluding mathematics & 60% marks including mathematics.

If he/she becomes passing in CPT, he/she would be enrolled as the member of ICAI.

Career & Jobs

The career as a Chartered Accountant is an interesting career option for the commerce background students.

It plays an important role in the day to day economic life.

It is one of the best job oriented courses in India and abroad. After the completion of the course, the candidates need to get the membership and certification by the ICAI. The membership is the subject of annual renew by submitting the 400 Rs as the annual fees.

The CA professional cannot work in any other field ones they get the certification by the ICAI. They will have to take the permission from ICAI before doing so.

Since last 4-5 year, the demand of young CA has been increasing. Only India looks for the 7500 to 10000 fresh CAs every year.

All industries and organization require the CA for its accounting department. The job prospect of this field is very much brighter.

As a CA, you can work in government or public service undertakings as well as the private sector companies.

You can also have an option to either be employed with a firm as an employee or you can choose to open your own private practice.

A chartered accountant can also work in various areas of banking, tax management, auditing, financial accounting, cost accounting & consultancy.

You can work as a finance advisors, managers or directors of finance & also as financial controllers of the particular companies.

They can deal with the matters such as taxation, investigation, audit & consulting with the company.

The top recruiters of the chartered accountant are as the following:

  • Banks
  • Auditing Firms
  • Finance Companies
  • Mutual Funds
  • Portfolio Management Companies
  • Investment Houses
  • Stock Broking Firms
  • Legal firms
  • Legal house
  • Patent Firms
  • Attorneys
  • Trade Mark
  • Copyright Registers

Responsibilities of Chartered Accountant

  • Operating Accounts
  • Managing Tax
  • Budgeting and Budgetary Control
  • Dealing with Wages & Salaries
  • Carrying out Internal Audits
  • Forecasting
  • Monitoring Expenditure
  • Paying Accounts & Sending out Invoices

Salary

“Chartered Accountant job is one of the highest paying Jobs in India.”

The average Salary of the CA profile is around Rs. 3-6 lakh per annum for fresher, depends the employment firms. It is one of the high paying job. A chartered accountant commands the respect in the society and organization.

The starting salaries are not much handsome but after the completion of course and having five-year experience, the candidate can get the Rs. 30,000 to Rs. 50,000 per month.

Books & Study Material

  • The Honest Accountant by Peter Milwain
  • Fundamentals of Accounting for CA – CPT by P.C. Tulsian and Bharat Tulsian
  • Auditing & Assurance by Surbhi Bansal
  • Law Ethics and Communication by CA Munish Bhandari
  • Cost Accounting and Financial Management by C.A.K Hariharan
  • Advanced Auditing and Professional Ethics by CA Surbhi Bansal

If you have any other query about Chartered Accountant, you can ask your query below.

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Displaying 490 Comments
  1. Bhanupriya singh says:

    sir
    if their is a choice in maths and economic s then for what should I go ??

  2. Harry soni says:

    Sir i have successfully given my 10 exam and now i am so confused about what to take in 11 i am thinking about the 2 streams mainly commerce and medical please advise me that what should i take and please give me some information about ca seats and requirements is it easy to pass ca exams are there this much seats available

  3. tanya says:

    Sir,
    Recently I promoted to Class 11..
    What should I choose PCM or commerce with maths..sir I am confused..plz help me..what is good for me in future…nd which one has the better results in future

  4. Keshav says:

    While pursuing CA can I do bcom from regular college?
    And when I am done with my IPC ,then will switch over to correspondence for bcom for the next 2 yrs.

    Can do reply,if you have perfect knowledge regarding the above mentioned issue.

  5. Ayushi namdev says:

    sir i am confused what to take as additional subject with commerce which would help me for becoming CA. . and all use to tell me to take maths as additional but i am not good at maths then what i should takee. .. plzz help mee… i just gave10 examination. . plzz helppp.. so that i start my preparation in this holidays. .

    • Sarvgyan says:

      Math is a good choice. In CA maths is used, so taking Maths as a subject is beneficial for you in becoming a CA.

  6. Usha says:

    Hello sir,
    I am Usha I have completed my Bsc. Mathematics. Am I eligible to do CA and is there any age limit for the same.

  7. amrutha says:

    Sir I have done my graduation. But science group. Can I join in ca

  8. deepak says:

    On question sir. …..what kind of subject are important for learn CA

  9. deeapk says:

    This job is to good

  10. shanthi says:

    sir im a b.e graduate and i would like to become a ca what is that i have to do if i want to become a ca

    • Sarvgyan says:

      you have to get the admission first in CA module and then work hard to learn accounts and commercial aspects.

  11. Suhail wani says:

    Hello sir
    I have completed my 12 class vd 81 %
    In non med stream
    I want to become CA (dream)
    But i m totally confused i feel like i have no base in commerce stream how would i crack CPT exam
    Sir i need help
    Please guide
    And if i want to make my strong base in commerce stream what should i study

  12. muhammed ameen says:

    Sir I am in a big problem,
    sir .my ambition is charted accountant, But I am humanities is studied in +2….,
    Sir please aske
    what I wanted ?
    Help me

  13. swara raj says:

    Is maths important for CA preparation?

  14. Radhika says:

    Hello sir, I am a student of class 11 studying commerce. I am thinking of pursuing ca. I am confused if I should do ca right after 12th or after bcom or side by side while doing bcom????

  15. akshay says:

    Sir I want to become a ca .so I am confused .ki m kase kru help m

  16. Ankita says:

    Sir I am in 11th n I want to become a CA. My percentage in 10th was 80%
    Sir can advice me whether CA will b a good option for me.
    N can I know the portion for CPT

  17. Naveen Kumar says:

    i don’t know about computer accounting so, i can be a ca

  18. Anu says:

    If I take Humanities can I come into Chartered Accountancy & become a chartered accountant?

  19. Hari kumar says:

    Hi sir …..I am from chennai …..now I am studying in 11 and I did take comm with bm group…. I want to know when did I apply for cpt and where did I can apply????
    Sir…..please sir

  20. Hari kumar says:

    Hi sir…..I am from chennai …Now I am studying in 11st and I take comm with bm group ….I want to know when did I have to apply for cpt and where did I apply?????

    Sir …..please sir……I am waiting for u r answer

  21. Vidhu says:

    Hi sir I am doing first pu now without maths but computer can I take ca without statistics ?? But I was good in maths in 10

  22. Harshita says:

    Sir
    I want to ask that can I do ca and BCom together after my 12th class

  23. Subramanyam says:

    sir,i want to become CA……
    Now I am in 10th standard….
    what I want to do after completion of 10th….tell me sir what to do plzzzzz

  24. Ashish says:

    Ca cpt registration for 2017 June? Do you have any notification

  25. Sourabh Bharti says:

    Which is the best destination to study further about CA in india

  26. akash ray says:

    Hi sir..
    Sir now I’m in 11th standard n I didn’t choose math. Can u tell me ? Is it effect on my ca carrier. N sir! How much % I have to bring in 12th for ca??? I hope sir u will help me. ??????

    • Sarvgyan says:

      You can still become CA without Mathematics, but you have to work hard in Basic Maths and other subjects like accounts, Economics, Finance, Comprehension Numerical Ability etc. Try to score good percentage and prepare for CPT.

  27. tenzin says:

    hi sir this year i m going to have my 12th board exam and i m eager to be CA in future. so for this what should i do first after my board. should i apply for a good college or take a exam for CPT? i have taken commerce with maths
    i m still in doubt what should i do.so if i take a exam for CPT then how i can??? please suggest me soon
    eagerly waiting for the reply

    • Sarvgyan says:

      you should join a good coaching academy for your CA preparation, you can also go with self study by purchasing good books for CPT. After qualifying CPT, you will be eligible for IPCC.

  28. Rohan Sarkar says:

    I am a student of class 10th and I am trying to take commerce because I want to become a CA . So I request you to give me some guidance for compilation of my task

  29. Anshita says:

    Sir, Currently I’m in B.com (hons) 2nd yr and I’ve decided to become a CA. So should i directly go for the IPCC course after my final yr or should I have to do CPT first.??

  30. prince says:

    Sir i want to do CA after +2 so what i have to do for CA ..is maths is very important in CA ??

  31. aafaq says:

    hello sir,,,,I am 12th standard student (medical+math) and I want to do C.A,,, what should I have to do….plzz reply.. as it is the question of my future.

  32. SUMAN says:

    Hlw sir can u please tell me what is. The course fee of total CA course ?

  33. Paul says:

    Sir,I took commerce with maths for 12th.I am an average student.
    Sir please suggest some better courses that I can choose after 12th.
    Directly go to CA or B com with CA which is good option…kindly reply me..plz

  34. manoj gupta says:

    plzz suggest me sir…..i’m too much confused

  35. manoj gupta says:

    i’m in 1st year BAF program ..what would be best choise after graduation for best carrier.?

  36. Harshada says:

    Hii..sir..mai abhi dgree kr rhi hu..com stream se..bt i also want to continue cs kya me kr skti hu…

  37. Ankesh kumar says:

    Sir.. I am 10+2 by arts what is guideline for me…..please sir

  38. Fatima says:

    Can we start the ca course from 11std ?

  39. vithong says:

    Right now i am in B.com 2nd semester with general can i join ca after completing of 3 years B.com please suggest me some thing so that i can get some idea about CA in INDIA? thankyou

  40. RIZAK says:

    Hi i am in 8th standard icse school and next year I have to choose between science or commerce I am very good at maths but I am confused what to choose as everyone is saying to choose science as it has more options but I am still confused what to choose

    • Sarvgyan says:

      both are good options, Science is pretty vast field and it does have lots of career options. Whereas commerce is also a good field and opportunities do exist in this field too. Now you have to decide as where your interest lies and you can also consult this with your teachers so that you can take a good decision.

  41. Hari Kumar says:

    Some of my school teachers said u can’t take ca directly…… you can finish b.com then only u can take ca course…..

    But u said that u should take ca directly…..what can I do sir…..

    Please say….

  42. Aja says:

    Dear Sir,

    Can an arts stream (gen) graduated eligible for CA Course??

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