Hello!
First of all before starting your prepration prepare your mind for CA, because it needs full dedication, its not tough but hard work is must. One should be regular in his/her studies. Daily revision and practice makes easy for you to clear CA exams. I am quoting certain steps for becoming CA here:-
you will have to register for your entrance exam which is CPT at our indian institute for CA (ICAI). There are two attempts for this in a yera in June and another in December, select your attempt and fill the form accordingly. For June attempts forms are available from January. You can also fills the form online which saves your cost and time. You will get link at ICAI website for online filling.
Then after passing out CPT regiater for your Intermediate level which is IPCC. It has two groups with 7 subjects. You can give both group individually as well as combined according to your caliber. According to me giving both group combined is better because you get set off benefits in it. Then after registration you will get your Study materials delivered at your home. You get nine months for clearing IPCC at your attempt you can also skip attempts if you want to prepare more.
Then after clearing ipcc there starts your Articleship which is for 3 years. In it your get trained under a CA of your choice. During this 3 years you can start your prepration for your final level but you can give exam only after 2.5 years of articleship.
Then after clearing your final level and completing certain formalities you get degree of CA and a unique membership number under which you can practice or you can go for job too.
Hope it will be helpful to you:)
ICAI has made major changes to its curriculum. What previously was known as CA CPT is know known as CA Foundation. The other levels are CA Intermediate and CA Final. To start your journey, you 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 Correspondence 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 if a student gets 50% or above overall but doesnt get 40% in any one subject, he/she doesn't qualify. He/She is considered failed. And in the same manner, even if he/she passes all subjects but scores less than 50% over all, again he/she is considered failed. The 4 months training period should be able to equip the students with the required knowledge on all these subjects and that's the reason why it is not necessary to have a Commerce background in 10+2. The exams are held in May and November of every year.
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 be registered with ICAI 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. For Direct entry Commerce Graduates, it is important to have 50% aggregate in their qualifying examination and for Non Commerce Graduates, 60% aggregate is mandatory. And then there is a mandate period of Orientation period and study period. In CA Intermediate as well, the exams are conducted in May and November of every year.
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 you should have passed your CA Intermediate and registered with ICAI. You 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. After the succesful completion of all these levels, you are now a qualified CA.
hii swati
The vocation way to wind up a Charted Account (CA) is testing yet is promising. You should commit 5 years to your training so as to end up a CA.
Chartered Accountancy is one of the most astounding paying professions in India and is a decent vocation choice in the event that you are keen on subjects like tax assessment and bookkeeping. The vocation way to wind up a Chartered Account (CA) is testing yet is extremely encouraging. You should give 5 years to your instruction so as to wind up a CA.
There is a decent interest of CAs in India inside private just as open associations. A chartered bookkeeper is employed to manage the record subtleties of an association. They likewise help in settling debate and averting chapter 11. In the event that you are wanting to seek after this profession, at that point it is a superior plan to begin after class 10. Discover the profession subtleties of a CA underneath:
Test and Courses required to wind up a CA:
CPT (Common Proficiency Test)
IPCC (Integrated Professional Competence Course)
FC (Final course)
Qualification:
Competitors are qualified to enroll for CPT after class 10 yet they will most likely show up for it simply in the wake of passing class 12.
Understudies of business, science just as expressions stream can apply for CPT.
Understudies of Commerce Stream need to verify half total checks in Class 12 tests so as to be qualified for CPT.
Understudies of every single other stream need to score a total of 55% barring Mathematics and 60% incorporating Mathematics in Class 12 board tests.
On clearing the CPT test effectively, competitors turn into the individual from Indian Chartered Accountants Institute (ICAI) – the test and course directing body for all CAs in India.
Step by step instructions to wind up a CA:
1. Prerequisite for Accounting Technician Course (ATC):
Subsequent to clearing the CPT, competitors need to select for the ATC. The equivalent should be possible subsequent to clearing 10+2
Competitors who have effectively cleared Entrance Examination or Professional Education (Examination-I) or Foundation Examination will be qualified to enroll for ATC.
Competitors who had earlier enlisted for Intermediate/Intermediate (Professional Competence) program/Professional Education (Course-II) can select for ATC.
2. Applying for IPCC:
Applicants more likely than not scored somewhere around 100 out of 200 stamps in CPT after class 12 so as to apply for IPCC program.
Enrollment for IPCC must be vault nine months previously the primary day of the month in which the test will be led.
The courses contain 7 subjects, every value 100 imprints. So as to clear the course, you should score somewhere around 40 checks in each subject and a total of half or above.
Scoring 60 marks or more in any subject will excluded you from returning for that specific subject in the event that you come up short the course and plan to give the tests once more.
3. Articleship:
Subsequent to clearing the IPCC, you should complete a temporary job of 3 years under a guaranteed CA. The articleship is a chance to figure out how accountancy is dealt with under an accomplished CA.
4. Last Course:
Amid the most recent a half year of your 3-year articleship, you can show up for the last course tests. When you have cleared the last course, you will be granted the assignment of Chartered Accountant.
Occupation and Salary:
CAs are in extraordinary interest inside reviewing firms, banks, fund organizations, stock broking firms, legitimate firms, and so on. Pay choices are not brilliant amid articleship but rather competitors can anticipate a decent pay in the wake of finishing the course.
The normal beginning compensation of a CA differs from Rs. 4 to 6 lakh for every annum in the wake of finishing the last course. The compensation relies upon the city and friends you get utilized with.
CA tests are intense and the course is very long, in this way, it is prudent to seek after graduation alongside the program. After class 12 you can apply for B.Com programs alongside CA courses. Seeking after B.Com will give you an elective choice on the off chance that you need to quit the CA field. Another preferred standpoint is that you can apply for employments based on your B.Com degree.
hope this helps
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