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Know more in details about CA – Chartered Accountant

24 August,2022  |  By Brainwonders

Are you interested in studying a professional course that will pay you well and provide you with scalable opportunities? If you want to learn about accounting, auditing, taxes, and finance, you should become a CA (Chartered Accountant). This blog will give you important information regarding the Chartered Accountancy course.

About CA Course

To become a CA, the individual or working professional or student first needs to do the registration. The Chartered Accountancy course in India is administered under the Institute of Chartered Accountants of India (ICAI). ICAI is a legal body that looks after the profession of Chartered Accountancy in India. ICAI has framed three levels under the chartered accountancy course. One has to clear all the three CA level exams along with training, then only he/she is eligible to become a CA. The three levels are as follows:

  • CA Foundation Exam
  • CA Intermediate Exam
  • CA Final Exam

Apart from completing the levels, the CA Aspirants must also do 3 years of compulsory Articleship/ Internship Training as amended by ICAI.

CA Course Eligibility

The Institute of Chartered Accountants of India conducts exams and training to become a Chartered Accountant (ICAI). As noted, there are two ways to start the CA course; let's examine both.

1st: Through CA Foundation

To take the CA Foundation exam, a candidate must have passed the 12th class from a recognised board and do the 4 months of study for the CA Foundation. Candidates can register for the CA Foundation course in 12th grade.

2nd: Direct CA Entry

Direct entrance to CA Intermediate requires meeting the following criteria:

  • Commerce graduates/postgraduates with at least 55% total marks can apply. Accounting, auditing, mercantile law, corporate law, financial management economics, direct and indirect taxation, costing, business administration, and management accounting are required.
  • Non-commerce graduates and postgraduates must have at least 60% in any university test (including Open University).
  • Those who have passed the intermediate level Institute of Cost Accountants of India or Institute of Company Secretaries of India exams are also eligible for direct admittance. They can skip Foundation and go straight to Intermediate. 
  • Students in the final year can pursue the Intermediate course temporarily. Six months after graduating and completing an orientation course and IT training. 15-day orientation and IT courses are common. During the interim, you can take Orientation and IT tests.

CA Course Syllabus

CA Level Subjects Marking Scheme
CA Foundation
  • Principles and Practices of Accounting
  • Business Mathematics and Logical Reasoning & Statistics
  • Business Economics & Business and Commercial Knowledge
  • Business Law & Business Correspondence and Reporting
100 marks each(total 400 marks)
CA IPCC
  • Accounting
  • Taxation
  • Advanced Accounting
  • Auditing & Assurance
  • Corporate and Other Laws
  • Enterprise Information System & Strategic Management
  • Financial Management & Economics for Finance
  • Enterprise Information System & Strategic Management
100 marks each(total 800 marks)
CA Final
  • Financial Reporting
  • Indirect Tax Laws
  • Strategic Financial Management
  • Advanced Auditing and Professional Ethics
  • Strategic Cost Management and Performance Evaluation
  • Direct Tax Laws and International Taxation
  • Indirect Tax Laws
  • Electives 
100 marks each(total 800 marks)

CA Exam Pattern

CA Foundation Subjects

Paper  Subject Name Marks
Paper 1 Principles and Practices of Accounting 100 marks
Paper 2

Business Law & Business Correspondence and Reporting

  1. Business Law (60 marks)
  2. Business Correspondence and Reporting (40 marks)
100 marks
Paper 3

Business Mathematics and Logical Reasoning & Statistics 

  1.  Business Mathematics and Logical Reasoning (60 marks)
  2. Statistics (40 marks)
100 marks
Paper 4

Business Economics & Business and Commercial Knowledge

  1. Business Economics (60 marks)
  2. Business and Commercial Knowledge (40 marks)
100 marks

 

CA Intermediate Subjects

Paper Subject Name Marks
Paper 1 Accounting 100 marks
Paper 2

Corporate and Other Laws

  1. Corporate Law (60 marks)
  2. Other Laws (40 marks)
100 marks
Paper 3

Cost Accounting & Financial Management

  1. Cost Accounting (50 marks)
  2. Financial Management (50 marks)
100 marks
Paper 4

Taxation

  1. Income Tax Law (50 marks)
  2. Indirect Tax Laws (50 marks)
100 marks
Paper 5 Advanced Accounting 100 marks
Paper 6 Auditing and Assurance 100 marks
Paper 7

Enterprise Information System & Strategic Management

  1. Enterprise Information System (50 marks)
  2. Strategic Management (50 marks)
100 marks
Paper 8 Financial Management & Economics for Finance  100 marks

CA Final Subjects

Paper Subject Name Marks
Paper 1 Financial Reporting 100 marks
Paper 2 Strategic Financial Management 100 marks
Paper 3 Advanced Auditing and Professional Ethics 100 marks
Paper 4

Corporate and Economic Laws

  1. Corporate Law (70 marks)
  2. Economic Laws (30 marks)
100 marks
Paper 5 Strategic Cost Management and Performance Evaluation 100 marks
Paper 6

Elective paper 

(CA aspirant can select any one subject from the elective subjects)

  1. Risk Management
  2. Financial Services and Capital Markets
  3. International Taxation
  4. Economic Laws
  5. Global Financial Reporting Standards
  6. Multi-disciplinary Case Stud
100 marks
Paper 7

Direct Tax Laws & International Taxation

  1. Direct Tax Laws (70 marks)
  2. International Taxation (30 marks)
100 marks
Paper 8

Indirect Tax Laws

  1. Goods and Services Tax (75 marks)
  2.  Customs and FTP (25 marks)
100 marks

Still unsure about what to do after high school? Visit Brainwonders for Career Counselling and get expert assistance from job counsellors who will help you choose the ideal career for you.

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