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what is chartered accountant and how can I become a chartered accountant?


vickymalhotra0 31st Jan, 2021
Answer (1)
ADITYA KUMAR Student Expert 31st Jan, 2021

Hi


Chartered accountant or CA is the international accounting designation which is  granted to accounting professionals . As a  chartered accountant you  offer your financial advices to your customers. And your customers can range  from big multinational companies , small i companies and an  individuals too.

To become a CA you need to go through given 4 levels, listed below :-

1) ca foundation
2 ) ca intermediate
3) articleship Training
4 )ca final

You can start for ca, after your 12th/equivalent with level 1 i.e ca Foundation, recently changes has been made in the eligibility for CA foundation and now class 10th pass students can also register for CA Foundation but that will be provisional and it will be regularised after they pass 12th/equivalent , while graduates ( commerce graduates with at least 55%  and non commerce graduate with at least 60% in their graduation ) don't have to go through CA Foundation, they can start directly start from level 2 i. e CA Intermediate

Each level is described below briefly :-

1. CA foundation:

You can go for CA Foundation registration after passing 12th from any stream , you have to study and qualify given 4 subjects to move to next level :-

*principles and practice of accounting
*business mathematics, logical reasoning and statistics
*business laws and business correspondence and recording
*business economics and business and Commercial Knowledge

2. CA Intermediate

In your CA Intermediate, you have 2 groups with 4 papers or subjects in each group

CA Intermediate Group 1:-  You have following subjects :-

*accounting
*cost and management accounting
* corporate and Other laws
*taxation

CA Intermediate Group 2:-  You have following subjects :-

*advanced accounting
*enterprise information systems & strategic management
*auditing and assurance
*financial management & economics for finance

3.  Articleship Training

One can register for articleship after 1 or  both groups of CA Intermediate. Articleship Training is of 3 years

4. CA Final Group

After qualifying both groups of CA Intermediate, you become eligible for CA Final registration

There are 2 groups with 4 subjects in each
which are given below:-

CA Final Group 1:

*financial reporting
*advanced auditing and professional ethics
*strategic financial management
*corporate and allied Laws

CA Final Group 2:

*advanced Management Accounting
*direct Tax Laws
*indirect Tax Laws
*information Systems Control and Audit

After the completion of articleship training and clearing CA Final , you become eligible for applying for the membership of the Institute of Chartered Accountants of India after which become a CA.


For detailed information visit

https://finance.careers360.com/articles/how-to-become-a-ca-in-india

Thank you

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