Is there scope of CA? How to study for CA?
Hey friend!
Over the years, Chartered Accountancy has gained a reputation of a rewarding course with great career opportunities for CA students. After completing 5 years full fledged course Chartered Accountancy, students expect good salary and career options after CA as they have worked hard to clear the course and become a designated Chartered Accountant . The term Chartered Accountant holds great importance in the Finance and corporate world and a Chartered Accountant will have ample number of opportunities and scopes from getting placed in the BIG 4 to PSUs to starting your own firm. Read the complete article to get detailed insight about career options after CA.
To get more information related to scope of CA; Click on the link below;
https://finance.careers360.com/articles/career-options-after-ca
All the best friend!
Scope of CA:
Chartered accountancy is a professional degree course which offers huge scope for the aspirants. A
CA can choose to start up their own independent practice or make their clients on the basis of merit. They can also apply for the job of Chartered Accountant in an existing firm. They can also give their services for the capital market. The qualified CA can apply for a government job, public or private sectors both.
Preparation for CA:
To pursue CA, one has to clear three exams namely CPT (entrance exam), IPCC (Intermediate exam) and the final CA exam.
Students who want to opt for CA can give the CPT exam after completing Class XII. Subsequent to clearing the CPT exam, students can appear for IPCC exam after nine months of preparation. The IPCC exam has subjective questions based on law, audit, tax, etc as compared to the objective questions in the CPT exam.
After clearing the IPCC exam, a student has to serve as an intern under a practicing CA for a period of three years before being eligible to appear for the final exam.
Passing the exam is not as difficult as it sounds.
Here are tricks that helped me clear the CPT and IPCC exams:
1. How to Study: Regular and quality studies are a must. Most of the times it doesnt matter how much you study, but how much you can grasp while studying. It is important that you follow a systematic study routine.
2. Study Material: It is imperative that you have good study resources. Tuitions and professional help add to your knowledge, but self-study is of utmost importance in this course. A lot of practice is needed to do well in the exam.
3. Giving equal importance to all subjects: Students usually neglect subject/s they dislike and devote more time to subjects they find interesting. It is imperative to concentrate on all subjects.
4. Making Notes: Making notes, and having pointers for each chapter/ answer helps a student immensely, since it is practically impossible to go through the entire portion one day before the exam.
5. Mock exams: A student is advised to practice mock tests at home as well as under a professionals guidance. Mock exams help students manage exam pressure and time while writing the exam.