How to Become CA – (A Complete Guide 2023)?

In today’s article, I will give you a complete information about “How to Become CA“. It is generally seen that in today’s time, the youth want to move forward in the financial sector because here they see good money, respect and a secure career compared to other sectors. In such a situation, the demand for CA i.e., Chartered Accountant has been increasing for the last few years, where students feel their career as a highly established person.

So, if you are thinking of becoming a Chartered Accountant, then you have come to the exact page. You will give complete information on how to do this topic, so that you also do not have any kind of problem.

Full Form of CA?

Ca is full form of Chartered Accountant

What is CA?

Chartered Accountant (CA) is a professional who is involved in budget auditing, managing taxes as well as helping companies to make the right strategy in business. In today’s time, chartered accountants are considered to be very important contributions, through which they can definitely balance their financial accounts, as well as the problems related to their business, finance can also be truly understood through chartered accountants.

People who want to become chartered accountants, they become financial advisors in a particular company and at the same time the youth are able to realize their dreams properly by becoming chartered accountants.

Qualification to Become Chartered Accountant?

If you want to become a Chartered Accountant (CA), then this is a golden opportunity for you, but for this, you have to answer commerce subject in 12th with 50 percent.
If there is a candidate who has not studied commerce subject, then he will have to pass 12th with 55% marks.
Apart from this, if there is any candidate who wants to do chartered accountant after graduation, then they will have to get 60% marks in 12th.

Age limit for Becoming a CA

If you also have this question in your mind that how old should be to become a CA, then let us tell you, there is no fixed age limit to become a CA.

If you are over 21 years of age and have passed 12th, you become eligible to become a CA.

Duration of Chartered Accountant Course

Chartered Accountant is a course that you can do after your 12th or even after graduation. It is based on your own ability to learn this work fast. In such a situation, if you want to do a chartered accountant course after 12th, then it will take you about 5 years and if you want to do it after your graduation, then it takes about 4 and a half years.

How to Become CA?

To become a CA, you have to pass the CPT exam after 12th standard. After passing the CPT exam, you can register for the IPCC exam. Although many times students miss out on taking the CPT exam, but you can join this exam even after completing your graduation.

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CA Foundation Course

This is the first step in the race to become a Chartered Accountant (CA) when you have to register for the Chartered Accountant Foundation course. For this, you have to pass the 12th examination from commerce subject. Once you register for the Chartered Accountant Foundation Course, then you get validity for up to 3 years to take this exam. Under this, chartered accountants can take the foundation course exam in the coming days. If you are unable to pass this course in 3 years, in such a situation, you will have to register for the foundation course again. For this process, you are given a full 4 months’ time under which you have to pass the foundation exam.

Under the foundation course, you have to give four papers, in which each paper is of 100 marks and the time is 3 hours.

CA Intermediate Course

After you complete the Chartered Accountant (CA) Foundation Course, you have to register for the Intermediate course. For this, you are also given a separate time, under which you can proceed by giving intermediate exams, under which you have to give 8 papers which are divided into about two parts. As soon as you register for the intermediate course, you get a validity of 4 years under which you have to pass the Chartered Accountant Intermediate examination.

If you are taking the Chartered Accountant Intermediate examination, under this you have to give 8 papers, which are divided into two parts. Here each paper is of 100 marks in which you have to bring very good marks so that you can move forward in the right way.

ArticleShip

This is the last stage in the Chartered Accountant (CA) exam when you get a chance to Articleship after completing the intermediate exam. Under this, you are given practice training, for this there is a time of 3 years and practice training is completed in these 3 years. After this, you have to take the final examination for Chartered Accountant. The Articleship Final Exam consists of 8 papers in which the papers are divided into two parts. It includes information about financial reporting, strategy, financial management, corporate and relations law, direct taxes, law, indirect tax, law advanced management accounting, information system control.

For this, you are initially given 3 years of training and then only after completing this training, you have to take the final examination within 6 months, for which you have at least 5 years.

Process of Becoming a Chartered Accountant (CA)

Register for CA foundation exam.

CA Foundation Course is the first step to becoming a CA. If you want to become a CA, then you have to prepare for it from the 12th. Earlier this course was called CPT, which was an entrance test for CA. But now it has been changed to CA Foundation Course. And for this, registration is done after 12th.

Students can register for the CA Foundation course through the official website of ICAI.

Once registered for CA Foundation, it is valid for 3 years. If you are unable to pass it in 3 years, then you have to get a renewal foundation for it.

The fee for CA Foundation Course has been kept at Rs 9800. But it’s just the registration fee. If you take coaching in an institute, then there is a separate fee for it.

Once you register, you get 4 months to study. After this, you fill the foundation exam form, after which you get the admit card. It is necessary to take this admit card, without it you will not be allowed to enter the examination center. Ca Foundation Course exams are held every year in the month of May and November.

CA Intermediate Examination – 1st Round.

Ca Foundation consists of 4 papers. 3 hours are given for all these papers. All these papers are of 100 marks. To pass, it is necessary to get at least 40% marks in all these papers and 50% marks in all the papers together.

• Paper 1: Principles and Practices of Accounting (100 marks)
• Paper 2 (A): Business Mathematics (60 marks)
• Paper 2(B): Statistics (40 marks)
• Paper 3(A): Mercantile Law (60 marks)
• Paper 3(B): General English (40 marks)
• Paper 4: Business Economics (60 marks)
• Paper 4(B): Business and Commercial Knowledge (40 marks)

CA Intermediate Examination – 2nd Round.

After passing the foundation course, you have to register for the intermediate course. If you have graduated or post-graduation from any stream, then you do not need to do CA Foundation but for this it is necessary to get minimum marks. For this, it is important to get at least 55% marks in commerce stream and 60% marks in other streams in graduation / post-graduation.

Ca Intermediate exam is held every year in the month of May and November. Ca Intermediate consists of 8 papers. All these papers are of 100 marks. To pass, it is necessary to score at least 40% marks in all these papers like the foundation and 50% marks in all the papers together.

Group I
The papers asked in Group I are as follows.

• Paper 1: Accounting (100 marks)
• Paper 2: Corporate Law and Other Laws (100 marks)
  • Part I: Company Law (60 points)
  • Part II: Other Laws (40 points)
• Paper 3: Cost and Management Accounting (100 marks)
• Paper 4: Taxation (100 marks)
  • Section A: Income Tax Law (60 marks)
  • Section B: Indirect Tax (40 marks)

Group II
The papers asked in Group II are as follows.

• Paper 5: Advanced Accounting (100 marks)
• Paper 6: Auditing and Assurance (100 marks)
• Paper 7: Enterprise Information Systems and Strategic Management (100 marks)
  • Section A: Enterprise Information Systems (50 points)
  • Section B: Strategic Management (50 marks)
• Paper 8: Financial Management and Economics for Finance (100 marks)
  • Section A: Financial Management (60 marks)
  • Section B: Economics for Finance (40 marks)

CA Final Examination – 3rd and Final Round.

Once registered for ca final course it remains valid for 5 years| If you are unable to pass it in 5 years, then you have to register again for it. The registration fee for the final course is Rs 32,300. The CA final exam consists of 8 papers just like intermediate and to pass, one has to score at least 40% marks in all papers and 50% marks in all subjects.

Group I
The papers asked in Group I are as follows.

• Paper 1: Financial Reporting
• Paper 2: Strategic Financial Management
• Paper 3: Advanced Auditing and Professional Ethics
• Paper 4: Corporate and Allied Law
• Paper 5: Advanced Management Accounting
• Paper 6: Information System Control and Audit
• Paper 7: Direct Tax Law
• Paper 8: Indirect Tax Law

Group II
The papers asked in Group II are as follows.

• Strategic Cost Management and Performance Assessment
• Direct Tax Law and International Taxation
• Indirect Tax Law
• Voluntary-
  • Risk Management
  • Financial Services and Capital Markets
  • International Taxation
  • Economics Law
  • Global Financial Reporting Standard
  • Multidisciplinary Case Study

After passing the CA final exam, you have to register with ICAI| After registering from there, you become a CA i.e. Chartered Accountant| And can work as a chartered accountant in any company| This is a very reputed job and you get a good salary for this job| Apart from this, you can open your own office independently if you want| In which people can be given advice related to finance and tax|

What is the CA Fee?

The total fee of CA course is approximately Rs. 90,000. To know the full fee of CA course, see the table given below.

Career options after becoming a CA

If you have passed this Chartered Accountant exam, then through this you can go to many other fields and shape your future.

• Banking sector
• Financial institutions
• Insurance sector
• Consultancy sector
• Chartered accountant firm
• Investment Banking
• Government non-government sectors

Institutions to Become CA in India

Today we are telling you about some of the institutes to become a chief chartered accountant located in India through which you will also be able to get a better option.

• Agarwal Classes Pune, Maharashtra.
• Academy of Commerce, New Delhi.
• Yeshs Academy, Bangalore.
• Pearl CA College, Kochi Kerala.
• AT Academy Mumbai, Maharashtra.
• Vidyasagar Career Institute Limited, Jaipur.
• Chanakya Academy for Management and Professional Studies, Hyderabad.

What is the Salary of CA?

The salary of a CA depends on their skills and experience. Generally, the salary of ca in our country ranges from Rs 6 lakh to an average of Rs 30 lakh annually. According to the data of the last few years, the average salary of a CA is Rs 8 lakh annually. There are many students who like to take 2-3 years of experience so that they can grow better in life.

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Quick Overview: CA Course Details

FAQs

Q1) How many CA exams are there?

Ans. To become a CA, students have to pass Three Exams – Foundation, Intermediate and Final.

Q2) What subjects do I need to take to become a CA?

Ans. To become a CA, students will have to take commerce subjects.

Q3) How many years is the CA course?

Ans. After class 12, the duration of ca course is 5 years and after graduation it is 4.5 years.

Q4) What is CA’s Education?

Ans. In CA, business account tax returns GST related studies are done which teaches to arrange financial things according to a rule. The main function of the CA is to handle the financial functioning of its client such as Tax return is to prepare the company’s GST business account, balance sheet, etc.

Conclusion

In today’s article, we have given you complete information about “How to Become CA”. Here we have given complete detailed information on what is CA. We hope that after reading our article today you have learned a lot about how to become a Chartered Accountant CA. If you have any questions or suggestions for us related to this article, then you must let us know by writing it in the comments.