Correct process for becoming Chartered accountant as my daughter is studying in intermediate and she will complete 12 on year 2020.

Hello Sanjay,
After your daughter completes her 12th then you will have to register her with ICAI for the CA foundation exam, which is a kind of entrance exam for CA. if she passes that exam she will be qualified for giving IPCC 8 months after, and finally, there is CA final exam and after clearing all these exams she will become a CA.

Hope this helps,
Good Luck!

Dear Sanjay, ICAI has made major changes to its curriculum. What previously was known as CA CPT is now known as CA Foundation. The other phases are CA Intermediate and CA Final. To start her journey, your daughter should be registered with ICAI to be eligible to appear for CA Foundation.

CA Foundation: While there is no particular stream in which students should have pursued their studies, it is mandate to have passed 10+2 to be eligible for CA Foundation. There is a 4 month study period that is mandatory and needs to be completed before appearing for the exams. There are 4 papers in this exam and to be qualified its important to pass in all the papers with a minimum aggregate of 40% individually and a total aggregate of 50%. 2 papers are Objective type and 2 papers are Subjective type with negative marking for 2 papers. The subjects are Principles and Practises of Accounting, Business alaw & Business Corrsspondence and Reporting, Business Mathematics & Logical reasoning and Statistics, Business Economics & Business Commercial and Knowledge. For example, the score should be 40/40/40/40 in every subject and 50% overall. Even of she gets 50% or above overall but doesnt get 40% in any one subject, she doesn't qualify. She is considered failed. And in the same manner, even if she passes all subjects but scores less than 50% over all, again she is considered failed.

CA Intermediate:  This is the 2nd level of becoming a CA. There are 2 routes for this phase. One is completing CA Foundation and the other is a direct entry.  Graduates/Post graduates of Commerce/Non Commerce background can directly join CA Intermediate provided they clear their qualifying examination with the required aggregate. You need to get her registered for CA Intermediate for both the ways. There are 8 papers in CA Intermediate that are both Subjective and Objective type. And the same pass rule applies here as well. Should score above 40 in each subject with an average aggregate of 50%. The subjects are divided into 2 groups. Group 1 has Accounting, Corporate Laws and other Laws, Cost and Management Accounting, Taxation. Group 2 has Advanced Accounting, Auditing and Assurance Enterprise Informations Systems and Strategic Management  and Financial Management and Economucs for Finance.

CA Final: The Chartered Accountants Final Exam has 2 groups namely Group 1 and Group 2. Group 1 has Fiancial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Allied Laws. Group 2 has Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Laws and Indirect Tax Laws. The eligibility is that she should have passed her CA Intermediate and registered with ICAI. She should have completed the mandatory 12 months Practical Training or Articleship or should be in the 12th month of training by the time of examinations. And the pass rule applies here as well. Hope this helps. This information is relevant until ICAI modifies its curriculum. Because your daughter has 2 more years to start her CA programme, we would request you to go through the official website when she is ready.

Sir



In intermediate he/she should go for mec for better command  after or during intermediate 2nd year should register for icai  and pay fee of cpt  and write exam in may



My suggestion is  be patience he/she has to study for exam not forcfull ,study with interest then only possible to complete CA  within time

Hope helpful to you

Thank you