ICAI
Institute of charted accountants of India
Chartered Accountancy Course is a professional course in Accounting introduced in our country in 1949, with the enactment of the Chartered Accountants Act. The Institute of Chartered Accountants of India (ICAI) was formed the same year. ... The service of a CA is required in money matters even in a small business.
Chartered Accountant (CA) A chartered accountant (CA) is an international accounting designation granted to accounting professionals in many countries around the world, aside from the United States. In the United States, the equivalent to the CA designation is a certified public accountant (CPA).
As a chartered accountant you'll give advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.
The minimum qualification required to pursue ICAI CA course is Class 12. The candidates who have passed Class 12 can take up CPT course. Common Proficiency Test (CPT) is the beginning stage to start a career in Charted Accountancy. The second stage is IPCC (Intermediate) and the last stage is CA Final.
To become CA in India 2021 you have to follow four basic steps and the first step is to clear the CA Foundation Course exams.
- Step 1: Firstly You Need To Register Yourself for CA Foundation Course. ...
- Step 2: Register Yourself for the CA Intermediate Course 2021. ...
- Step 3: Enrolling for Articleship And Finals.
Candidates should have a Bachelor's or Master's degree with at least 60% marks in aggregate in all the subjects in any stream other than Commerce. Candidates having a Bachelor's or Master's degree from the Open University are exempted from appearing in the entrance exam.
CA Foundation is the entry-level test to pursue the Chartered Accountancy course, students after 12th can enrol for CA course. After registration, they have to undergo a four months study period to appear in the CA Foundation Exam. ... Read the complete procedure to register for CA Foundation.
The Institute of Chartered Accountants of India (ICAI) has announced that the Chartered Accountant (CA) Qualification will be considered Equivalent to Master's Degree. ... The University Grants Commission has resolved that CA Qualification will be treated equivalent to PG Degree based on requests submitted from the ICAI.
C.A. Gopaldas Padamsey Kapadia
The first Indian to be issued a membership certificate by ICAI was C.A. Gopaldas Padamsey Kapadia. The membership certificate was issued to him on 9th June, 1950. The first rankholder in CA exam is awarded GP Kapadia gold medal in his memory.
Not only a job consistency, but a career in accounting can also make you live with a generous salary. The Institute of Chartered Accounts of India (ICAI) said that CAs are offered an average salary of around Rs. 7.36 lakh a year and the highest pay may reach Rs. 24.65 lakh.
The starting salary of CA fresher is at an average of 7 lakh per annum whereas CA with experience of more than 10 years is paid more than 20 lakh per annum.
However, there is no upper age limit for taking admission in Chartered Accountancy course or clearing it. If you are academically qualified for it, you can become a CA at any age. *10 attempts to clear the CA Finals (initial registration is valid for five years, after which you can re-validate it for five more years).
You will need to have the following school subjects in order to study towards a Chartered Accounting qualification:
- English (matric level)
- Accounting (not required but helpful)
- Mathematics/Mathematical Literacy (depending on the institution you apply to)
A minimum of 55% score is required for graduates/post graduates in commerce whereas other graduates or post graduates require a minimum of 60% to apply for CA. Candidates need to register 9 months prior to the exam and then complete a 100 hours of Information Technology Training.
Subjects Needed to Become A Chartered Accountant in India
- Commerce With or Without Math's –
- Science With Math's –
- Science Without Math's –
- Principles and Practices of Accounting. ...
- Mercantile Law and General English – ...
- Business Mathematics, Logical Reasoning, and Business Statistics.
CA Foundation is a partially subjective and a partially objective test comprising the following four papers:
- Principles and Practice of Accounting.
- Business Laws & Business Correspondence and Reporting.
- Business Mathematics, Logical Reasoning & Statistics.
- Business Economics & Business and Commercial Knowledge.
CA Foundation Course Syllabus 2021
- Paper 1: Principles and Practice of Accounting.
- Paper 2: Business Laws and Business Correspondence. a) Business Laws. ...
- Paper 3: Business Mathematics, Logical Reasoning and Statistics. a) Business Mathematics. ...
- Paper 4: Business Economics and Business & Commercial Knowledge.
six attempts
Once you have registered, it will be valid for three years. In this period candidates can apply for CA Foundation May/ November examination. Candidates can apply and appear for a maximum of six attempts in three years. Visit the official website – icaiexam.icai.org.
CA Foundation is the ideal time to start 3 months before the exam, according to the syllabus and level of knowledge to pass the exam. ... A : The CA Foundation is not a difficult course if you can devote 5-6 hours to your studies on a daily basis.
| CA Course | CA After Class 12th | CA After Graduation |
| Minimum Duration | 4.5 Years | 3 Years |
| Level | CPT/CA Foundation | Direct Entry |
| Exception | None | No CPT |
| IPCC Eligibility | 9 months after IPCC | 9 months after Articleship |
| Articleship Eligibility | After Group I of IPCC | After Registration |
fees
The fees for pursuing CA after graduation hovers around 19000-27000 INR. This includes registration fees, article registration fees, orientation course fee and information technology fee. Visit the official ICAI website for more details.
| Events | June 2021 session (Announced) | November 2021 session (Tentative) |
| Release of Online CA foundation exam form (OPEN) | April 20, 2021 | July 2021 |
| Last date to submit the online CA foundation exam form | May 04, 2021 | First week of August 2021 |
| Last date to submit the exam form with a late fee of Rs 600 | May 07, 2021 | 3rd week of September |
| Release of ICAI CA foundation admit card | To be notified | 2nd week of November 2021 |
| CA Foundation exam date 2021 | June 24, 26, 28, 30 | November/December 2021 |
" thus these are all about the ca foundation courses and the duration "
