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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
–Chartered Accountancy Scope, Career Opportunities and Future Prospects
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.
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:
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.
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.
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.
Direct entrance to CA Intermediate requires meeting the following criteria:
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
|Part 2: Business and Commercial Knowledge (40 marks)||100 marks|
|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||
(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 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:
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:
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