Education & careers
Careers in Chartered Accountancy
Milli Gazette Online
Each career in itself has a huge scope for advancement and promotion in life. One such is being a Chartered Accountant. Today with the increasing economy, capital market and huge business plans, the need for a professional practicing CA is huge. A Chartered Accountant is the key person for any company. The company's financial policy and investment plans are completely formulated taking into account the CA's opinion. In general, a CA's role is more crucial for any kind of business plans to sustain and build a company grow.
On the other hand, becoming a CA is a dream of millions but very few make it since the rigorous study and practical training can only be successfully completed with nerves of steel. Let's now look at the different levels, exams which one needs to pass before he becomes a CA.
The path to become a CA
Enroll for the CA Foundation course after 10+2.
After successful completion of Foundation course, join the Intermediate course ( at this stage even graduates can join directly for intermediate course).
Register as an articled clerk with a practicing CA for undergoing practical training and as a student with Board of Studies - ICAI for theoretical education.
Take up Intermediate exams after 12 months of training.
Take up Final exams after successfully completing Intermediate.
Pass Final Exams and become a member of ICAI.
You become a Professional Practicing CA.
Strong fundamentals of Accounting, statistics, laws, taxes, etc..
Quick grasping and adapting skills.
Ability to work independently and as a team.
Good and effective skills of Communication.
Developing one's intellect to face the global business growth.
CA - Foundation Course
It's the basic and the first step for getting on to a career as Chartered Accountant.
Eligibility : 10+2.
Duration : 10 months
Fees : Rs.2,000/- (approx)
Fundamentals of Accounting.
Mathematics and Statistics.
Business Communication and Organization Management.
CA - Intermediate Course
Completion of Foundation Course and pass in Foundation Exam or,
Commerce graduates with more than 50% or,
Non-commerce graduates with mathematics as one of the subjects and 60% of total marks or,
Non-commerce graduates other than mathematics with minimum 55%.
Duration : 12 months
Fees : Rs.3,000/- (approx)
Paper1 : Advanced Accounting.
Paper2 : Auditing.
Paper3 : Corporate and other Laws.
Paper4 : Cost Accounting.
Paper5 : Income Tax and Central Sales Tax.
Paper6 : Organization Management and Fundamentals of Electronic Data Processing.
CA - Final Course
Eligibility : Successful Completion of Intermediate course.
Duration : 6-10 months
Paper1 : Advanced Accounting.
Paper2 : Management Accounting and Financial Analysis.
Paper3 : Advanced and Management Auditing.
Paper4 : Corporate Laws and Secretarial Practice
Paper5 : Advanced Cost Accounting and Cost Systems.
Paper6 : Systems Analysis, Data Processing and Quantitative Techniques.
Paper7 : Direct Taxes.
Paper8 : Indirect Taxes.
Compulsory Computer Training
A student must undergo 250 hours of compulsory Computer training as per the scheme prescribed by the Board of Studies.
Fees : Rs.6000/- (approx)
Its mandatory for a student who has enrolled for CA Exams to undergo practical training for 3 years as an Articled clerk, under a chartered accountant or CA firms. During the training, stipend is paid to the student.
The applications are invited 1 year in advance for these courses. The examinations are held twice a year - May and November. Last date to apply
For May Examination - 30th June of the Previous Year.
For November Examination - 31st December of the Previous Year.
Note: The last date to enroll for May 2006 Exams is 30th June 2005.
Institute of Chartered Accountants of India. - Regional Centers
ICAI - Central India Regional center.
16/77, Civil Lines, Post Box No. 314, Kanpur - 208001.
ICAI - North India Regional Center
Indraprastha Marg, New Delhi - 110052.
ICAI - Eastern India Regional Center
7, Russel Street, Kolkata - 700071.
ICAI - Southern India Regional Center
122, Uttamar Gandhi Salai, Nungambakkam, P.B. 3314, Chennai - 600034.
ICAI - Western India Regional Center
27, Cuffe Parade, P.B. No. 6081, Colaba, Mumbai - 400005.
Most of the regional centers of ICAI have placement cell which gives the young professionals the opportunity to explore Regional, National and Global Avenues.
Membership of ICAI
After the successful completion of CA final exams and practical training, one can become a member of ICAI. This makes him/her a deemed member of ICAI. After 5 years of continuous practice and experience as prescribed by the ICAI, one can get fellow membership.
After the successful completion of Final CA course, practical training and enrolling as the member of Chartered Accountants of India, one can very easily find a good lucrative job. The open options are.
Independent professional practice.
Join existing chartered accountant firms.
Financial advisor for MNC's and different businesses.
Good openings in Govt. sector.
Set up own industry.
Collaborate with Global Financial Services
and many more…
The author thanks Mr. Syed Jalaluddin (a CA aspirant), Bangalore for giving vital inputs for this article.
Any career queries?
Kindly send your career queries to
MSW-Career Guidance and Information Center,
# 214, United School Building, Ilyasnagar, J.P. Nagar Post, Bangalore –
560078 Email: email@example.com ; www.mswt.org
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