If you have a knack for understanding numbers and are interested in accounts or finance, then becoming a Chartered Accountant (CA) can be a great career option for you. But many students do not know what is the path to becoming a CA, which exams have to be given and what qualifications are required. Let us know step by step what is the entire process of becoming a CA and what things are very important to keep in mind.

CA means Chartered Accountant, a professional who is an expert in accounts, tax, audit, financial advisory and business consultancy. The role of CA is very important for any small or big company because it keeps proper accounts of the company’s money and ensures compliance with the tax rules of the government.

Qualification to become CA

Can start after 12th: Any student who has passed 12th class Commerce, Science or Arts from any stream can start studying CA.

Benefits for those with commerce background: If you have taken Commerce in 12th and have studied subjects like Accounts, Economics or Maths, then you will find it a little easier in the initial stage.

Direct Entry for Graduates: If you have completed graduation, then you can directly take admission in CA from Intermediate level.

Three stages of becoming CA

CA Foundation Course: After 12th, first of all you have to take admission in this level. In this, basic subjects like Accounting, Economics, Business Law and Maths are taught. This course consists of 4 papers. The examination is held twice a year in May and November. To pass, at least 40% marks in each subject and 50% marks in overall are required.

CA Intermediate Course: After passing the foundation, the next step is intermediate. There are 8 papers which are divided into two groups. It includes advanced subjects like accounting, auditing, taxation, costing. In this stage, you are given theory as well as practical knowledge.

CA Final Course: The last step after Intermediate is CA Final. There are also two groups in which subjects like audit, strategic finance management, advance taxation are covered. After this level you become a trained chartered accountant.

Articleship means training

The most important part of becoming a CA is articleship training. After passing intermediate, you have to do practical training for 3 years. During this time, you work under a senior CA and gain experience in accounting, auditing and taxation in the real world. This training gives a strong foundation to your career.

How much time does it take to become a CA?

If you start with Foundation straight after 12th, it usually takes 4 to 5 years to complete the entire course. But it also depends on your hard work and passing speed.

Career options after passing CA

Becoming a Finance Manager or Auditor in a Private Company or MNC

Working as a partner or consultant in a CA firm

Starting your own chartered accountancy firm

Making a career in the field of banking, taxation and financial planning

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Different education boards across the country have released the results of 10th and 12th classes. At the same time, there are some boards whose results are yet to be released. In such a situation, there are also questions in the minds of students who have passed 12th, what should they do next. Some want to make a career in an engineering field and some in the medical field. Apart from these two, there are many areas in which you can make a great career. Today we will give you details about a course in which you can make a very good career.

If you are interested in the world of commerce, accounts and finance, then after passing 12th class, you can make a great career by becoming a chartered accountant (CA). If you dream of becoming a CA after 12th, then the first step for this is the Foundation Exam. There are a total of 4 papers in this exam, out of which two are subjected and two are objective. This exam is of 400 marks. When you pass this exam, then you become eligible for the next stage i.e. CA Intermediate.

These subjects face in Group 1 and Group 2
If you enroll in CA after graduation, then you do not have to give the foundation exam, you can get admission directly into the intermediate. CA intermediate occurs in two parts- Group 1 and Group 2. Group 1 has three subjects. These include advance accounting, corporate law and taxation. At the same time, Group 2 also has three papers. This includes Cost and Management Accounting, Auditing and Ethics and Financial Management and Strategic Management.

How many years do you take?

When you pass the intermediate examination, you have to train for two years with articleship, ie an experienced chartered accountant. During this training, you get real accounting and tax experience. After completing the articleship, the candidates are ready for the final and the most important stage CA final exam. If a candidate starts CA after 12th, it takes about 5 years to complete the entire course. Whereas it takes about 4 and a half years for those who start after graduation.

Many top institutions across the country

Different institutions in the country prepare for CA. Talking about the capital Delhi, all the institutes here conduct the CA preparation. These include the Institute of Chartered Accountant, Delhi, Physics Wallah, VSI Delhi, Mittal Coaching Classes, Shri Ram Academy etc. Preparation can cost from about 60 thousand to 1.50 lakh rupees.

You can also prepare in distance mode

There are many top institutions across the country, from where you can prepare for CA. If you are unable to do regular class for some reason, then you can fulfill the dream of becoming your CA through distance learning. These programs provide facilities like live and recorded lectures, PDF notes, and practice quiz. Students can see them as per their convenience. The CA course has been designed that it can be easily understood through self -study. With this, students can do their studies according to their time and speed, even if they are studying from anywhere.

This entire course is conducted and evaluated by the Institute of Chartered Accountants of India (ICAI). ICAI only provides study material and conducts exams. The biggest advantage of distance learning is its flexible structure. With this, students can do jobs or other tasks along with their studies. Most online programs are now providing facilities like mock test, dout-clearing sessions and revision lectures, which further increases the chances of students to get success in the exam. If you want to prepare by yourself, then ICAI’s official website ICAI.ORG can prove to be of great use for you. Here you get many options for self -preparation.

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