Chartered Accountancy Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope

What is Chartered Accountancy

Chartered Accountancy is a field that revolves around the study of accounting, taxation, auditing, and financial management. CA is a professional course that includes three levels, namely Foundation Level, Intermediate, and Final Level. These levels are designed by the Institute of Chartered Accountancy of India (ICAI) and students must successfully clear all the levels to be called a Chartered Accountant. 

Students can join the CA course depending on two paths-  Foundation Path and Direct Entry. For students who have completed their 10+2, Foundation Path is the right course. Students who have completed their graduation or post-graduation in Commerce stream with aggregate score can choose to join by Direct Entry. 

The average fees of all three levels of the CA programme are different and the total fees range from Rs. 9,000 to Rs. 57,000. Graduates can work in various domains such as Capital Market, Hedge Funds, Portfolio Management, and Financial Analysis. The average salary of a Chartered Accountant in India is Rs. 10.0 LPA.

Chartered Accountancy Course Details

Specialisation or Similar Ones

B.Com/ B.Com Honors with Chartered Accountancy is a popular degree related to Chartered Accountancy. It provides a broad overview of the accounts and finance industry. Students should check the relevant details of the course on the official website of the provider or the programme prospectus released by the institute.

Top Private Chartered Accountancy Colleges in India

Many top private colleges and universities in India offer Chartered Accountancy courses. These universities offer excellent facilities and outstanding knowledge to applicants. The cost of private institutions is somewhat higher than that of public institutions. A few of them are listed below:

Eligibility Criteria (UG & PG) of Chartered Accountancy

The eligibility criterion for the Chartered Accountancy course depends on the path candidates wish to follow. To apply for the CA Foundation path, they must have completed their 10+2, whereas the direct route is for candidates who have completed an undergraduate degree in any discipline. They can directly apply for the CA Intermediate course. 

Eligibility Criteria for a CA Foundation Course

The first level of the CA programme is the CA Foundation course, candidates wishing to become a CA must first clear the CA Foundation course. Students must meet the eligibility requirements of the course before applying for the CA Foundation Level course. Mentioned below are the eligibility requirements for a CA Foundation course:

• Candidates must have registered for the course four months before the month of the Foundation examination that will be held in March/November respectively as decided by the council.
• They must also have appeared in Senior Secondary (10+2) by an examination constituted by Law in India or an examination recognised by the Central government.
• To pass the Foundation Level exam, the candidate has to score a minimum of 40 per cent marks in each paper and 50 per cent in the aggregate of all papers.
• The first two papers will be subjective while the rest of the two papers will be objective based with negative marking.

Eligibility Criteria for a CA Intermediate Course

After successfully clearing the Foundation Level, candidates can apply for Intermediate Level courses. Similar to the Foundation Level, the intermediate level also has some eligibility requirements that one has to meet to successfully get admission to the CA Intermediate course. Listed below are some of the eligibility requirements for the CA Intermediate level course:

• Candidates must be enrolled for the Intermediate course.
• Candidates who are applying through direct entry must have completed their graduation or post graduation with a prescribed percentage of marks or qualified for the Intermediate level examinations of The Institute of Cost Accountants of India/ The Institute of Company Secretaries of India. 
• Candidates who have completed their graduation or post-graduation in Commerce can directly join the Intermediate level course.

Eligibility Criteria for a Final Level

After clearing the Foundation and Intermediate levels of the Chartered Accountancy course, students can apply for the last and the most important level of the CA course which is the CA Final Level. Students should ensure that they are fulfilling the eligibility requirements of the course carefully.

• Candidates should ensure that he is registered for the CA Final course.
• Students should also complete Practical training, six months before the month of the CA Final examination.
• Students should have completed an Advanced Integrated Course on Information Technology and Soft skills.
• Candidates must secure minimum marks of 40 per cent in every paper of both the Groups, and 50 per cent in the aggregate score of all the papers, or secure a minimum of 40 per cent in each paper of both the groups taken together.
• The student will be declared passed if he secures at one sitting a minimum of 40 per cent in each paper of the group and a minimum of 50 per cent marks in the aggregate of all papers.

Required Skillset for Chartered Accountancy

Chartered Accountancy is not an easy course to pursue. It requires long hours of focused studies, a detailed understanding of the concepts, and good dedication to achieve the goals in a specified time duration. There is a certain set of skills that the candidates must have so that they can work efficiently as a professional chartered accountant. 

• Analytical Skills
• Attention to details
• Concentration and focus
• Teamwork skills
• Awareness of the accounting techniques and new taxation laws
• Ethics and professionalism
• Communication skills