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what i do after 12th to be a charted accountant please explain me in brief


ashusharma 17th May, 2018
Answers (3)
Gunjan verma 18th May, 2018

Dear Student,

After completing 12th (in commerce), a candidate is eligible to take the Common Proficiency Test. CPT covers accounts, law, economics and quantitative analysis. To proceed further, scoring 100 out of 200 in CPT is a must. The exam is held twice a year- june and december.

After clearing the CPT, you can register for IPCC. IPCC has 7 subjects and is of 700 marks out of which you are required to score 40 marks in each subject and an over all aggregate of 50 percent. IPCC has 2 groups of subjects. Group 1 has accounts, law, taxation and costing and FM. Group 2 has audit, advanced accountancy and IT&SM.

The next step is articleship. Passing IPCC group 1 is essential for articleship. Articleship requires 3 years of intership under a qualified CA.

Then comes the CA final examination. You can appear for the finals during the last 6 months of articleship. You can register for the exam after passing both the groups of IPCC.

The last and final step is enrolling as a member of Institute of Chartered Accountants of India (ICAI) and getting designated as a Chartered Accountant.

Hope it helps.

Good Luck.

Sonam Maheshwari 18th May, 2018
You have 1st appear for CPT and clear it with more than half.

Then, you are eligible to appear for IPCC exam which you can appear for both groups together or individually.
Azim Shaikh 17th May, 2018
If you completed HSC then u should get admission in ICAI for Entrance Exam.



Thanks,

Azim


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