CA - CHARTERED ACCOUNTANCY
Chartered accountants work in all fields of business and finance, including auditing, taxation, financial and general management.
Some are engaged in public practice work, others work in the private
Chartered accountants work in all fields of business and finance, including auditing, taxation, financial and general management. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies. Chartered accountants’ institutes require members to undertake a minimum level of continuing professional development to stay professionally competitive. They facilitate special interest groups (for instance, entertainment and media, or insolvency and restructuring) which lead in their fields. They provide support to members by offering advisory services, technical helplines and technical libraries. They also offer opportunities for professional networking, career and business development.
The scope is unlimited, though we have mentioned a very few amongst them below
- CA’s can choose to set up their own independent practice and develop their clients on merit.
- They can apply for job at an existing firm of Chartered Accountants.
- They can offer their services in the field of capital market.
- A qualified Chartered Accountant can join the Government Service, Public Sector or even in the Private Sector.
- Institute of CA of India is also well recognized abroad like in England, Wales and Australia so one can even practice in these countries as well.
- It is not necessary that a CA has to work only on number crunching and excel sheets. A CA employed with a firm can also contribute towards decision making and enhancement of profits for the firm.
- As per a report by the Economic Times, there is a huge demand for CA’s in the manufacturing and financial services sectors (source: The Economic Times)
- CA is emerging as a good career option for women as it allows work to be done at one’s own pace and time, and, also allows one to control the money flow. Besides, a CA is free to take break in his / her profession (as stated earlier).
- According to TN Manoharan, former ICAI president, for 50 years till 1999, the number of women CA’s in country was 8%. In the past decade, the numbers grew phenomenally, and women constituted 16% of the nearly 1, 70,000 CAs in India. “The major push came from parents, who earlier discouraged daughters from private practice. More private companies and MNCs are hiring CAs and early entry through CPT, post-class 12, have allowed them to complete their CA before their parents get them married,” says Manoharan.
After passing in the 10th class or any course equal to that which is recognized student can apply to Common Proficiency Course (cpc). After 10+2 qualifying student need to qualify in CPT exam. After CPT IPCC, Article ship/ Training under a Practicing C.A will be for 3 years and CA Final are there. This is like four stage procedure.
CA Foundation is the new entrance level for the Chartered Accountancy course in India. Earlier it was known as Common Proficiency Test. The candidate can register for the CA Foundation after appearing in 12th board examinations and take the exam after qualifying the 12th examinations.
CA Foundation is partially subjective and partially objective test consisting of 400 marks. Objective papers contains negative marking i.e. for each wrong answer 0.25 mark gets deducted and for each correct answer one mark is given. Candidates are required to obtain 40% marks in each paper and 50% marks in aggregate of all the papers.
Exams for the CA Foundation are held in May and November. CA Foundation is exempt for the Graduates, Post Graduates and the students having Equivalent degree. Commerce graduated with 55% and other graduated with 60% marks can take direct admission for the CA Intermediate.
CA Intermediate is second level exam in the Chartered Accountancy Course in India. The students after clearing the Common Proficiency Test or CA Foundation becomes eligible to register for the CA Intermediate.
The Graduates, postgraduates and the students having equivalent degrees can register directly for the CA Intermediate without appearing at the entrance level.
It is a complete subjective paper pattern divided among eight subjects and two groups consisting 800 marks. Students are required to obtain 40% marks in each paper and 50% marks in aggregate of all the subjects. A student can appear in either one group or both the groups at a time.
Exam for the CA Intermediate are held twice in a year i.e. May and November. The subject in which a student scores 60% or more marks will get exempted for the next three attempts. A student after clearing either one group or both the groups can commence articleship training for three years under a practicing Chartered Accountant.
CA FINAL is third and final level exam in the Chartered Accountancy Course in India. The students after clearing the CA inter or IPCC both groups and 3 years of articleship becomes eligible for the CA Final.
Just like IPCC, It is a complete subjective paper pattern divided among eight subjects and two groups consisting 800 marks. Students are required to obtain 40% marks in each paper and 50% marks in aggregate of all the subjects. A student can appear in either one group or both the groups at a time.
Exam for the CA FINAL are held twice in a year i.e. May and November. The subject in which a student scores 60% or more marks will get exempted for the next three attempts. A student after clearing both groups becomes a qualified CA.
At CA FINAL, Sanjay Saraf Sir is teaching SFM since last 20 years and delivering Rank holders since then. The efforts he makes for his classes and study material is today earned him the praise .
See Our All Cources.
WHY CHOOSE US
E-MAIL : email@example.com
PHONE : +91-8100300400
URL : https://www.ssei.co.in