Chartered Accountant | All Details |
Chartered accountancy has been one of the most popular career choices in India. This profession is not easy to get into but if you manage to do so, it offers a great career path, salary, and respect among people. One of the reasons why people respect chartered accountants is not because of the designation or pay, it is mainly because it is not easy to become one.
The path to becoming a chartered accountant or CA is tough and it can be easily said that it is one of the, if not the toughest professions.
What is chartered accountancy?
Chartered accountancy or accountancy essentially means the same. The profession involves the management of finances for an entity. This includes managing financial accounts, budgeting, auditing, business strategy, and taxation.
The difference between an accountant and a chartered accountant is that the latter has taken in-depth training years and has passed multiple exams in various aspects of accounting to earn the title of a chartered accountant.
What does a chartered accountant do?
Chartered accountants are professionals who work in various sectors of the economy, managing the finances of an entity, providing financial advice, and helping out with money management. This can be for a business, individual, or government.
Why build a career in chartered accountancy?
The simple reason to build a career in chartered accountancy is that it is a very well-paid and secured profession. The whole world runs on money and every business needs someone to manage their finances, help in filing taxes, and do audits.
As a chartered accountant, the opportunities to work are endless. Regardless of the industry, every organization needs finance management and chartered accountants are the solution.
The following are the top positions held by a CA:
- Tax Accountant
- Management Accountant
- Financial Accountant
- Financial Analyst
- Budget Analyst
- Auditor, and more
CA is separated into three levels, with three years of practical training required after graduating from high school, for a total of around 4.5 years. After graduating from high school or college, one might pursue a career as a CA. Candidates must pass three levels of ICAI tests.
CA Course Details
| Degree | Bachelors |
| Full-Form | Chartered Accountancy |
| Duration | Course Duration of CA (Chartered Accountancy) is 5 Years. |
| Age | 17-25 |
| Minimum Percentage | 50% |
| Average Fees Incurred | INR 2 LPA |
| Average Salary Offered | INR 7 LPA [Source: Payscale] |
| Employment Roles | Accountant, Financial Manager, Banker, Taxation Consultant, Consultant, and more |
How to Pursue CA Course after the 12th?
After going over the qualifying criteria briefly, let’s look at how you can pursue CA after the 12th. If you are in your last year of high school or have finished your examinations, you should begin studying as soon as possible. Following the 12th, the criteria and all needed CA course specifics are shown below. Examine each of these to see how you might obtain your ideal profession.
Following are a few ways to pursue a CA course after graduating from high school:
Step 1: After passing Class 10, begin the CA course via the CPT route.
Step 2: Sign up for the Integrated Professional Competence Course (IPCC)
Step 3: An articleship is a three-year internship that you must finish in addition to the Final CA test.
Step 4: Register for the CA Final Course
CA Course duration after 12th
One of the most often asked concerns regarding CA Course Details after the 12th is how long it will take to finish the CA course and training. To complete your CA course, you will need to have a minimum of a 12th grade and a minimum of 4.5 to 5 years of experience. The candidate should start with the CPT/CA foundation course. After 9 months, the applicant is eligible for IPCC. After group I of the IPCC, you are eligible for an internship. In addition, students can enroll in the CA programme directly after graduating from high school or in the intermediate programme following graduation. It is dependent on the student’s choice.
The step-by-step process and CA course duration after the 12th class will be:
Step 1: Timeline for passing 12th grade to passing foundation level = 4 months * (Mandatory study period between registration and examination date is 4 months)
Step 2: Timeline for clearing the Foundation level to the Intermediate level: 8 months * (Study period between registration and examination date is 8 months)
Step 3: Timeline from passing Intermediate to passing Finals = 3.5 years * (Articleship period is for 3 years and preparation leave took to prepare for finals examination is assumed to be 5 months)
CA Exam Eligibility
Before we go into CA Course Details after the 12th, let’s first look at the qualifying requirements for becoming a CA.
The following are the qualifying requirements for the same:
- The candidate must have passed the senior secondary or 10+2 examination.
- Accounting Technician Course enrollment is open to candidates who have passed entrance tests, foundation examinations, or professional education (ATC)
- Enrollment is open to candidates who have completed intermediate/professional education or intermediate/professional competence.
- Students enrolled in the Intermediate IPC course without the ATC may also enroll in this course.
CA Course subjects & syllabus
| CA Levels | Syllabus | Subjects |
| Paper 1 | Principles and Practice of Accounting | |
| Paper 2 | Business Laws and Business Correspondence | Business Laws |
| Business Correspondence and Reporting | ||
| Paper 3 | Business Mathematics, Logical Reasoning, and Statistics | Business Mathematics |
| Logical Reasoning | ||
| Statistics | ||
| Paper 4 | Business Economics and Business & Commercial Knowledge | Business Economics |
| Business and Commercial Knowledge |
Career after CA Course
After you’ve learned everything about CA Course Details after the 12th, let’s look at some of the top job alternatives and prospects to follow after CA.
A candidate who has passed the CA test is competent for the following employment positions.
- Chartered Accountant
- Finance Manager
- Financial Advisor
- Financial Analyst
- Auditor
- Internal Auditor
- Public Accountant
- Cost Accountant
- Government Accountant
- Taxation Expert
- Accounting Firm Manager
A CA’s initial pay in India typically varies between INR 5 lakhs and 8 lakhs per year. It may rise to INR 28 lakhs per year with more knowledge, abilities, and experience.
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