Recently, everyone is looking for CA courses or how to become CA in India? But Why? This is because CA is a reputed course in our country. Also, a very knowledgeable and tough course in India. CA is a course that requires a lot of toil and dedication. Moreover, the demand for CA in the market is increasing day by day. The Chartered Accountant salary is nearly around Rs. 80,000 per month.
Who is eligible to do the CA course in India?
Eligibility For pursuing or becoming a CA in India the candidate should be one of the following –
- The candidate should clear his 12th exam with a minimum of 60% of marks.
- The candidate may apply after clearing his graduation or post graduation.
However, for pursuing CA, one needs to join the leading and strongly recommended CA coaching Institute. VSI Jaipur is the superior and prime institute with record-breaking results that provides detailed study for successful outcomes. Henceforth, every year the candidates of VSI Jaipur get the All India Ranks, which is the tradition of this institute.
In essence, Girish Aswani, a VSI Jaipur student, Scored All India Rank 1st.
Read the article to know about pursuing CA courses after 12th and after graduation. Together with the comparison of CA course with CA foundation route and direct entry route.
Why Pursue CA?
CA is a high-rated and one of the most challenging courses globally. Also, CA is one of the reputable and high-pay professions. A Chartered Accountancy (CA) program implements a person with the essential know-how of accountancy standards, theories, and concepts.
However, on the CA course’s victorious passing, a candidate is entitled to be labelled as a Chartered Accountant (CA) designation.
Moreover, the Institute of Chartered Accountants of India (ICAI) is the administrative authority for the CA courses in India.
CA Course Details
First, knowing about the detail of the Chartered Accountancy course is essential for every candidate. In our country, dedicated and enthusiastic students appeared for CA courses.
Moreover, the CA studies comprise in-depth learning and knowledge of taxation, financial accounting, balance sheet preparation, auditing, budgeting, etc.
Further, the Chartered Accountancy course is vast and separated into 3 milestones: CA foundation level, CA intermediate level, and CA final level. Henceforth, the candidates who passed all the 3 levels of the CA course will be qualified as the admired Chartered Accountant.
After discussing the Why to pursue CA and details regarding the ca course. Let’s know about the two situations where students can enrol for a course.
Pursuing CA Course After 12th
The students engrossed in enlisting for the CA Course after Class 12th would be obliged to appear for CA Foundation Exam. Also, the candidates appearing for the CA course after the 12th don’t have an exemption from the CA foundation exam. Moreover, the students have to go through three levels for clearing the CA course. Let’s discuss them:
Given Below are the steps to become a Chartered Accountant after 12th
1st Step: Start CA course with CA Foundation level
Enrollment with ICAI for CA foundation course after completing class 12th exams. For the CA foundation examination, there are 4 subjects which you need to attempt for clearing this level. And they are –
- Principles and Practices of Accounting
- Mercantile Law and General English
- Business Mathematics, Logical Reasoning, and Statistics
- Business Economics & Business and Commercial Knowledge
Also, the exam is 200 marks, out of which 50% marks are required for entering into the next level. This includes negative marking also.
2nd Step: Enrolling for CA Intermediate Level
Registering in CA IPCC or CA inter, after 12th, students should need to clear CA foundation level with a minimum of 50% marks. And, the registration for the intermediate should be done nine months before the first day of the month in which examination occurs. The syllabus of IPCC is divided into 2 groups, including 4 subjects in each. And they are-
In Group 1 – Accounting, Corporate Laws & Other Laws, Cost and Management Accounting and Taxation.
In Group 2 – Advanced Accounting, Auditing and Assurance, Enterprise Information Systems & Strategic Management, and Financial Management and Economics for finance.
3rd Step: Registration for CA Final
The aspirant may sit for the CA final examination during the last 6 months of 3 years of training period. And also, the CA final syllabus includes 2 groups and 4 subjects in each group.
In Group 1– Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, and Corporate and Economic Laws
In Group 2- Strategic Cost Management and Performance Evaluation, Elective paper, Direct Tax Laws & International Taxation and Indirect Tax Laws.
The duration of the Chartered Accountancy course after the 12th is 4.5 years, but it may last 5 or 5.5 years to complete due to failed attempts.
Eligibility After 12th
The candidate is eligible for appearing CA course after 12th if they have scored the minimum marks or at least 60% in class 12th.
Fees of CA Course after 12th
The CA course after the 12th class fees is nearly around Rs. 50,000- Rs. 3,00,000. Further, the fees include the article ship registration fees, IT fees, registration and course fees.
Pursuing CA Course After Graduation: Direct Entry Route
A candidate may also register for a CA course after completing graduation or post-graduation. And they should have the benefit of Availing CA foundation exams.
Also, the students enrolling for CA intermediate exams after favouably passing graduation can immediately begin their articleship and sit for IPCC Exams.
But at the same time, it should be acknowledged that a student needs to complete an ITT of 100 hours and an Orientation Program of 35 hours before joining the articleship.
Duration of a Chartered accountancy course is 3 years after graduation.
Further, Steps required for CA intermediate/IPCC levels of CA course after graduation are mentioned below:
- Registration for intermediate (both groups)
- ITT (information technology training) for 100 hours
- orientation course,
- Obligatory completion of Article ship (9months)
- Present in IPCC exams of both groups
- CA Final exam
- Giving of the CA appealeation
Eligibility After Graduation
Given below are some points which one’s need to fulfil while enrolling for CA course after graduation:
- Firstly, the students of commerce graduates or post-graduate have scored at least 55% marks.
- Secondly, the students opting for CA courses are from non-commerce backgrounds, then the minimum requirement of marks is 60%.
Fees
The fees for the CA course after completing graduation is nearly around Rs. 19,000- Rs. 27,000. Further, the fees include the article ship registration fees, IT fees, registration and course fees. Also, Visit the official website of VSI Jaipur for more aspects.
Comparison of CA foundation Route and Direct Entry Route
| S. No. | Particulars | CA Foundation Route | Direct Entry Route |
| 1. | Eligibility | After passing Class 12th | After Graduation or post-graduation |
| 2. | Exemptions | No exemptions | CA foundation exempted |
| 3. | Eligibility to begin Articleship | After passing Group I of IPCC | Immediately on joiningwithout clearing the IPCC Group I |
| 4. | Eligibility for appearing IPCC exams | After 9 months of studying CA foundation | After 9 months of Article ship |
FAQ’s
- After graduation, how much time is required to complete CA course?
Ans. After graduation, the CA course takes 3 years to complete, but this will increase with every unsuccessful attempt.
2. How to become a CA after graduation?
Ans. Opting for the CA exam after graduation means you didn’t need to sit for CA foundation exams. Although, directly you have to do ITT 6 months programme together with the article ship. After this, now you can eligible for CA final group 1 and group 2 examinations.
3. Can I do CA after BA?
Ans. Yes, one can appear for the CA course after BA as well.
4. what is total duration of the CA course in Indians?
Ans. The total duration of CA course for different courses are-
- For students appearing CA after 12 – 4.5 years,
- For students appearing CA after graduation – 3 years
Also, for further details of CA course duration you can visit the website VSI.