The would-be chartered accountant’s guide to the Indian Chartered Accountancy course
You’ve heard a lot about the upscale lives lead by chartered accountants. The fantastic future that awaits students of the CA course. And that, it’s is really, really tough to get through. Here is a little more info that’ll give you a brief overview of the Chartered Accountancy course. We sift the hype from the facts and provide you the specs that matter.
About the ICAI (Institute of Chartered Accountants of India)
The ICAI functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. It is the second largest professional body of chartered accountants in the world. It is headquartered in Delhi and has five regional councils across the country. The prestigious accounting body is recognized all over the globe. The institute is playing a major role and is actively involved in the activities of prominent international accounting bodies such as IFAC and IASB. It consists of both theoretical and practical training.
What are the entry routes to the CA course?
To apply for the foundation course candidates should:
After appearing for XII board exams register with the Board of Studies (BoS)
Appear for Foundation exam in Nov/May
After passing the exam register with BoS for intermediate course
Complete 8 months of study
Pass in the Intermediate Course.
Complete a Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before practical training commences.
During the last six months of practical training, students should appear for the final exam
Qualify for the final exams and successfully become a member
The following students can avail of a direct entry to the course:
Commerce Graduates/Post-Graduates (with minimum 55% marks)
Graduates/Post-Graduates of other degrees (with minimum 60% marks)
Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India
How to register:
Candidates can register for the exams by filling the online registration form on the ICAI website
After paying the required fee the form is generated instantaneously. It has to be printed out by the candidates.
Students should submit:
A signed print out of the registration form
Attested copy of the twelfth standard mark sheet/ admit card
A color photograph
Attested copy of tenth mark sheet
Within a week of registering for the course, to the concerned regional office.
The ICAI has a placement portal on its website for students. Campus placement drives are also held. The institute also advertises through its professional journals.
Life after the rigorous grind…
After becoming a CA there are a number of lucrative career options. Accountants can start an independent professional practice and offer guidance, consultation, and support. If you’d like to be part of an established environment opting to join a CA firm would be the best choice. Large-scale corporates, government institutions, and banks are also on the constant lookout for CAs.
Make a career choice that best meets your aspirations and abilities. Once you complete this premier course you get the bedrock assurance of jobs with high pay packages.
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