Chartered Accountant (CA) · India (ICAI) which was established by the Chartered Accountants Act,...
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Chartered Accountant (CA)
Arivupro Academy
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Who is a CA
• A Chartered Accountant is an expert of Accounting, Taxation & Audit.
• This professional works in all fields of business, finance, and general management. They engage in the private sector and government bodies.
• In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949.
• Associate members of the ICAI are entitled to add the prefix CA to their names. Members who are in full-time practice, and have completed five years of practice, can use FCA. As of April 2017, the ICAI had nearly 2,70,000 registered members.
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How to Register for CA?
• STEP 1: A student must have passed 10+ 2 examination or class XII examination from a recognized institution. In case the result of class XII has not been declared at the time of registering for CA Foundation, the students can apply for provisional registration
• STEP 2: A student may register for the CA Foundation Course using this link: https://www.icai.org/post.html?post_id=6533
ArivuPro Academy Can help you to register
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Foundation Route
Register with ICAI
after appearing in
Class XII Examination
till June 30/Dec.31
Eligible to appear in
Nov/May exam after
passing Class XII
Examination
Qualify Foundation Register for Intermediate
Course
Appear after Study Period of 8 months & Pass in either or Both
Groups of Intermediate
Complete Four weeks of ICITSS before
commencement of practical training
Register for 3 years of practical training (PT)
Register for CA Final course after passing both Groups of Intermediate
Successfully complete 4 weeks of Advanced
ICITSS in last two years of practical training (PT)
Appear in Final Exam during last six months of PT & after successfully
completion of Advanced ICITSS
Complete Practical Training
Qualify Final Exam Become Member of ICAI
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Direct (Graduation) Entry Route
Commerce Graduate/ Post Graduate (55%)
Other Graduate/Post Graduate (60%)
Register for Intermediate Course undergo Four
weeks of ICITSS
Join 3 years practical training and appear in
Intermediate exam after 9 months of practical
training
Register for CA Final course after passing
both Groups of Intermediate
Successfully complete 4 weeks of Advanced
ICITSS in last two years of practical training (PT)
Appear in Final Exam during last six months of PT & after successfully
completion of Advanced ICITSS
Complete Practical Training
Qualify Final Exam
Become Member of ICAI
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Direct (Other Professional Course) Entry Route
Intermediate Pass students of the ICWAI
and ICSI
Register for Intermediate Course
Appear after Study Period of 8 months & Pass in either or Both
Groups of Intermediate
Complete Four weeks of ICITSS before
commencement of practical training
Register for 3 years of practical training (PT)
Register for CA Final course after passing
both Groups of Intermediate
Successfully complete 4 weeks of Advanced
ICITSS in last two years of practical training (PT)
Appear in Final Exam during last six months of PT & after successfully
completion of Advanced ICITSS
Complete Practical Training
Qualify Final Exam Become Member of ICAI
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CA Foundation
Paper 1: Principles and Practice of Accounting (100 Marks) (SUBJECTIVE)
Paper 2: Business Law, Business Correspondence & Reporting (100 Marks (SUBJECTIVE)
Paper 3:Business Mathematics, Logical Reasoning & Statistics (100Marks) (OBJECTIVE)
Paper 4: Business Economics & Commercial Knowledge (100Marks) (OBJECTIVE)
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CA Intermediate Group 1
Paper 1: Accounting (100 Marks)
Paper 2: Corporate laws and other laws (100 Marks) Section A: Corporate laws (60 Marks)
Section B: other laws (40 Marks)
Paper 3: Cost and Management of Accounting (100 Marks)
Paper 4: Taxation (100 Marks) Section A: Income Tax Law (50 marks)
Section B: Indirect Tax Law (50 marks)
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CA Intermediate Group 2
Paper 5: Advanced accounting (100 marks) Paper 6: Auditing and Assurance (100 marks) Paper 7:Enterprise Information System and Strategic Management (100 marks)
Section A: Enterprise Information System (50 Marks) Section B: strategic Management (50 Marks)
Paper 8: Financial Management & Economics for Finance (100 Marks)
Section A: Financial Management (50 Marks) Section B: Economics for Finance (50 Marks)
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What is in store after CA?
• There is a host of opportunities available for a qualified CA in the market. One can explore the following options:
• Practice Taxation (International taxation, GST, etc)
• Become an Auditor (Statutory audit of Companies, Internal /management audit of companies, Cooperative audits, Forensic audit)
• Management consultancy services (Project Financing, Mergers & acquisition, Valuation, FEMA)
• Work for the Big 4s (EY, Deloitte, KPMG & PwC)
• Become an Investment Banker
• Pursue CPA, CFA, ACCA, CIMA, CS, CWA etc (Exemptions in respective courses as per respective regulations)
• Become an entrepreneur or CFO or CEO or COO
• Pursue civil services (IRS, IFS, IAS officers)
• Become the Chairman of SEBI or Income Tax Appellate tribunal or other bodies
• Opportunities abroad: A Qualified CA of India can get jobs abroad. The MoU with CISA Canada has expired & so one needs to write all the papers of the course. Also CPA(Australia) & CPA(USA) are available options. A CA can qualify the CPA(Australia) by writing just 2 papers instead of 8. ACCA also gives a 9 papers exemption out of 13 for Qualified CA.
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How much does a CA make?
• Like the various portfolios the income varies too.
• In employment, for instance, where the Big 4s pay an annual package of Rs. 800,000 to 15,00,000 to a fresher, other companies may pay a little lesser. Thus the average salary of Chartered Accountants in India ranges from 6-7 lakhs to 30 lakhs.
• International packages are pretty high ranging up to Rs. 75,00,000 or even more depending upon the employer firm, experience of the candidate, etc. Rank holders, however get a priority over the others.
• When we look at the income of a practicing CA, he makes something in between Rs. 4,00,000 to 40,00,000.
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Pros & Cons of becoming a CA
Pros Cons