The Institute of Chartered Accountants of India (ICAI), a statutory organization, governs and upholds the chartered accountant profession in India, encompassing accounting, auditing, taxation, and financial assessment for individuals/organizations. This profession involves tasks such as filing tax returns, auditing financial statements, registering businesses, maintaining investment records, and preparing financial reports. Additionally, a formally trained CA is qualified to offer consulting services to clients.
• The CA course comprises three levels: CA Foundation, CA Intermediate, and CA Final. Certification also mandates a 2-year articleship.
•CA – Foundation
The Foundation course, the initial stage of the CA-India program, consists of four papers and can be completed in four months by a dedicated student.
GROUP 1:
Paper 1 : Accounting
Paper 2 : Business Laws
Paper 3 : Quantitative Aptitude
Paper 4 : Business Economics
Exam Pattern & Pass Percentages:
Exams are held in May and November annually, requiring a minimum of 40% in individual subjects and 50% in aggregate.
Qualification Required to Join CA Foundation Classes:
Any student who has passed Plus Two (10+2) can join for this course in parallel to their other academic pursuits.
What Next?
Once qualified, one can promptly move on to CA Intermediate.
• The Intermediate course, the second tier of the CA-India program, consists of six papers in 2 groups and can be completed in a year by a dedicated student.
GROUP 1:
Paper 1 : Advanced Accounting
Paper 2 : Corporate & Other Laws
Paper 3 : Taxation(Section A : Income Tax Law Section B: Goods & Services Tax)
GROUP 2:
Paper 4: Cost and Management Accounting
Paper 5 : Auditing & Ethics
Paper 6 : Financial management & Strategic management (Section A: financial management)
Exam Pattern & Pass Percentages:
Exams are held in May and November annually, requiring a minimum of 40% in individual subjects and 50% in aggregate.
Qualification Required to Join CA Foundation Classes:
CA Foundation graduates, or degree graduates with a minimum of 55% in commerce or 60% in non-commerce backgrounds, are eligible to enroll in the intermediate level.
What Next?
A CA Intermediate graduate is highly sought after for various management. However, it is required to pursue a 4-week ICITSS training, a 2-year articleship, and the CA Final course for expanded opportunities and the prestigious CA title.
• The Final course, the third tier of the CA-India program, consists of six papers in 2 groups and can be completed in a year by a dedicated student.
GROUP 1:
Paper 1: Financial Reporting
Paper 2: Advanced Financial Management
Paper 3: Advanced Auditing, Assurance and Professional Ethics
GROUP 2:
Paper 4: Direct Tax Laws & International Taxation
Paper 5: Indirect Tax Laws
Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management)
Self-Paced Online Modules- SET A: Corporate and Economic Laws
Self- Paced Online Modules- SET B: Strategic Cost and Performance Management
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Exam Pattern & Pass Percentages:
Exams are held in May and November annually, requiring a minimum of 40% in individual subjects and 50% in aggregate.
Qualification Required to Join CA Foundation Classes:
Students who have finished CA (Intermediate) along with a four-week ICITSS before practical training can enroll at this level. Additionally, completing 2 years of articleship and 6 month study period is a prerequisite for registering for the CA Final exams.
What Next?
A CA Intermediate graduate is highly sought after for various management. However, it is required to pursue a 4-week ICITSS training, a 2-year articleship, and the CA Final course for expanded opportunities and the prestigious CA title.
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