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By Prabhadri Suman|Updated On - 2023-08-18 10:38:52
Interested in becoming a Chartered Accountant (CA) in India? Learn about the CA course, including exams, eligibility criteria, and fee structure, in this comprehensive guide.
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Are you interested in becoming a Chartered Accountant (CA) in India? Students who have finished their 12th grade in the Commerce stream frequently want to become a CA. There is a significant need for CA who study abroad or in India, and they are recognized for making good money. Before starting this career path, it's important to comprehend the CA course, including the prerequisites, tests, and fee schedule.
A recognized professional with the required knowledge and abilities in accounting, auditing, taxation, and financial management is known as a chartered accountant. The Institute of Chartered Accountants of India (ICAI), the recognized accrediting authority for this profession in India, grants the CA certification.
A combination of technical knowledge and soft qualities is necessary to succeed in the field of chartered accounting. Here are some key skills required to succeed as a CA:
Becoming a chartered accountant takes commitment, diligence, and a systematic approach. Here is a step-by-step guide on how to pursue the CA course:
The three phases of the CA course are called CA Foundation, CA Intermediate, and CA Final. This comprehensive program has a strong emphasis on experiential learning and prepares students for professions in accounting, reviewing financial accounts, filing taxes, and assessing the financial health of individuals and companies. Including the registration period, the CA course lasts roughly 4.5 to 5 years.
Students must meet specific eligibility requirements to enroll in the CA course. Students must graduate from a recognized school with a minimum grade point average of 50% to be eligible for the CA Foundation. Students who want to take the CA Intermediate must pass the Foundation exam and hold a bachelor's degree. Suppose a student has earned their degree or is enrolled in a Company Secretary (CS) or Chartered Financial Analyst (CFA) program at the intermediate level. In that case, they may also choose the Direct Entry option.
The three levels of exams for the CA course are CA Foundation, CA Intermediate, and CA Final. Every level has its own eligibility requirements and curriculum. Let's examine each stage in more detail:
The CA Foundation is the entry-level examination for the CA course. To be eligible for this exam, candidates must have completed their class 12th from a recognized school with a minimum of 50% aggregate marks. The syllabus for the CA Foundation includes subjects like Principles and Practice of Accounting, Business Laws, Business Mathematics and Logical Reasoning, and Business Economics.
After successfully clearing the CA Foundation exam, candidates can proceed to the CA Intermediate level. In addition to clearing the Foundation exam, candidates must also complete their bachelor's degree to be eligible for the Intermediate exam. The syllabus for the CA Intermediate includes subjects like Accounting, Auditing and Assurance, Corporate and Other Laws, and Financial Management and Economics for Finance.
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The CA Final is the last level of the CA course. To be eligible for this exam, candidates must clear both groups of the CA Intermediate course and complete a practical training of 2.5 years. The syllabus for the CA Final includes subjects like Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, and Corporate and Economic Laws.
The fee structure for the CA course varies for different levels and categories of students. Here is a breakdown of the fees for each level:
Students are advised to visit the Institute of Chartered Accountants of India (ICAI) official website for the most recent information about fees, as these fees are subject to change.
CA Level | Eligibility | Course Fees |
CA Foundation | Completion of class 12th with 50% marks | INR 9,800 |
CA Intermediate | Clearing the Foundation exam and completion of bachelor's degree | INR 18,000 |
CA Final | Clearing both groups of the Intermediate exam and completion of practical training |
Group 1: INR 13,000 Group 2: INR 22,000 |
In addition to the course fees, students are required to pay registration fees for each level of the CA course. Here are the registration fees for each level:
The CA Foundation registration fee for Indian students is INR 9,000. For international students, the registration fee is $700.
For international students, the registration fee for the Intermediate level is $600 for a single group and $1,000 for both groups.
The CA Final registration fee for both groups is INR 39,800 for Indian students. For international students, the registration fee is $1,650.
In addition to the registration fees, students are required to pay examination or application fees for each level of the CA course. Here are the fees for exams and applications:
The CA exam fee for the Foundation course varies as per the center you choose:
The CA Intermediate course exam fees are as follows:
Note: For international students, the examination fee is around $325 for a single group and $500 for both groups.
The following are the exam costs for the CA Final course:
Both groups' exam costs for international students are $550.
Note that these costs are liable to change, and students are urged to visit the ICAI's official website for the most recent details.
Students must complete an articleship or practical training as part of their CA study. The costs for training and articleship are listed below:
During the time of registration or the commencement of practical training, students need to pay articleship fees of INR 2,000.
AICITSS training is a mandatory 4-week training course for CA students. The fees for this training are as follows:
A late fee of INR 600 is applicable for centers in India and Kathmandu and $10 for overseas centers.
Many students opt for coaching classes to prepare for the CA exams. The coaching fees for CA courses in India vary based on the level. Here are the approximate coaching fees:
It's important to note that these coaching fees may vary depending on the coaching institute and location.
If you plan to study (Chartered Accountancy) CA in India you will get several advantages as well as opportunities for aspiring professionals. Check out some reasons why you must consider pursuing a career as a CA:
A CA is something that takes work to pursue. Dedication, perseverance, and effort are required to pass the exam in the course. If you love math, accounting, and financial management and are willing to try to excel in the field, being a CA can be the ideal choice for you.
You will have many employment options in a variety of industries once you become a chartered accountant. Some of the key roles and responsibilities of a CA include:
Organizations, including banks, financial institutions, corporations, and governmental agencies, all have a significant demand for CAs. Additionally, they might establish their own auditing firms and provide clients with their services. For CAs, the starting pay ranges from INR 6 to 7 LPA; with experience, it can reach INR 75 LPA.
Working for a reputable CA firm might give you excellent exposure and professional growth opportunities. Here are a few of India's top accounting firms:
In conclusion, those interested in finance, accounting, or auditing can consider the CA course an appealing career choice. It offers great career prospects, high pay, and the opportunity to impact the business world. Before beginning this trip, it's crucial to consider the price structure, eligibility requirements, and commitment amount necessary.
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