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Chartered Accountancy - Course Details, Subjects, Eligibility, Exams, Scope & Careers

26 July,2022  |  By Brainwonders

Table of Content:

–Who is a Chartered Accountant?

–About Chartered Accountancy Course

–Chartered Accountancy Eligibility 

–Chartered Accountancy: CA Course Syllabus with Subjects

  • CA Foundation Syllabus
  • CA Intermediate Syllabus
  • CA Final Syllabus

–Chartered Accountancy Scope, Career Opportunities and Future Prospects

Who is a Chartered Accountant?

A Chartered Accountant is a professional who does accounting, taxation, auditing, bookkeeping, and financial analysis for an individual or a business. Individuals who have completed all levels of a Chartered Accountancy course are awarded the Chartered Accountancy designation. The Chartered Accountant is accountable for all accounting, taxation, and business-related matters. As a result, a CA expert is involved in all elements of the organisation's finances. Filing tax returns, handling business practices, maintaining transaction records, verifying financial reports, generating financial statements, auditing financial statements, and so on are all part of it. Experienced CA professionals may also provide consulting services to customers on occasion. 

About Chartered Accountancy 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 registered under the Institute of Chartered Accountants of India (ICAI). ICAI is a statutory 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.

The CA course exam of each level is held twice a year; if someone is unable to crack the exam, he/she can try again and attempt again for the exam. However, pursuing CA requires a lot of dedication, devotion, and determination. After clearing all the CA levels, the individual will have access to a plethora of scalable job opportunities.

Chartered Accountancy 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.

Chartered Accountancy: CA Course Syllabus with Subjects

To become a CA, the candidate needs to have complete information about what all subjects are there in each CA level exam.

CA Foundation Syllabus:

Paper CA Foundation Subjects/ Syllabus Marks
Paper 1 Principles and Practices of Accounting 100 marks
Paper 2 Business Law & Business Correspondence and Reporting Part 1: Business Law (60 marks) 100 marks
Part 2: Business Correspondence and Reporting (40 marks)
Paper 3 Business Mathematics and Logical Reasoning & Statistics Part 1: Business Mathematics & Logical Reasoning (60 marks) 100 marks
Part 2: Statistics (40 marks)
Paper 4 Business Economics & Business and Commercial Knowledge

Part 1: Business Economics

(60 marks)

100 marks
Part 2: Business and Commercial Knowledge (40 marks) 100 marks
CA Intermediate Syllabus:
Group Paper CA Intermediate Subjects/ Syllabus Marks
Group 1 Paper 1 Accounting    100 marks
Paper 2 Corporate and other Laws Part 1: Company Law (60 marks) 100 marks
Part 2: Other Laws (40 marks)  
Paper 3 Cost and Management Accounting Part 1: Company Law (60 marks) 100 marks
Paper 4 Taxation Part 2: Other Laws (40 marks)
Paper 5 Advanced Accounting 100 marks
Paper 6 Auditing and Assurance 100 marks
Group 2 Paper 7  Enterprise Information Systems & Strategic Management Part 1: Enterprise Information Systems 100 marks
Part 2: Strategic Management
Paper 8 Financial Management and Economics for Finance Part 1: Financial Management (50 marks) 100 marks
Part 2: Economics for Finance (50 marks)

CA Final Syllabus:

Group Paper  CA Final Subjects/ Syllabus Marks 
Group 1 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 Part 1: Corporate Laws (70 marks) 100 marks
Part 2: Economic Laws (30 marks)
  Paper 5 Strategic Cost Management and Performance Evaluation 100 marks 
Group 2 Paper 6 

Elective paper 

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

6A: Risk Management 100 marks
6B: Financial Services and Capital Markets
6C: International Taxation
6D: Economic Laws
Paper 7 Direct Tax Laws & International Taxation Part 1: Direct Tax Laws (70 marks) 100 marks
Paper 8 Indirect Tax Laws Part 2: International Taxation (30 marks) 100 marks
Part 1: Goods and Services Tax (75 marks)  

Chartered Accountancy Scope, Career Opportunities and Future Prospects

Chartered Accountancy ranks among the leading professions in India. As we all know, CA is one of the newest jobs in the business. CAs have access to many work options in both the public and commercial sectors. Opportunities in the CA profession range from working in major private and public organisations to establishing your own business practice as an entrepreneur. Furthermore, chartered accountants in India enjoy a sense of employment security and several future chances.

Moreover, the scope of CA in other nations is rather extensive. They are in high demand and can find rich career possibilities in India and abroad. As a result of the diverse sectors dispersed throughout the world, the CA professions are gaining traction.

After becoming a CA, one can get extensive expertise in a certain finance-related sector and find work in that field. Some of the areas are:

  • Internal Audit
  • Statutory Audit
  • Goods & Service Tax
  • Taxation
  • Wealth Management
  • Mergers and Acquisitions
  • Start their own firm

There is a tremendous need for Indian CAs all around the world. Indian Chartered Accountants are in high demand in West Asian countries, including Singapore and Australia. Every year, a large number of Indian CAs travel to these countries. After successful completion of the Chartered Accountancy courses, there will be numerous job prospects available for you; some of them are listed below:

  • Chartered Accountant
  • Management Trainee
  • Auditor 
  • Financial Controller
  • Finance Officer
  • Finance Manager
  • Account Executive

Still confused about which career to choose after 12th? Visit Brainwonders for Career Counselling, get the best advice from the expert career counsellors who will assist you in selecting the best career for you.

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