| Particulars | Chartered Accountancy Course Details |
|---|---|
| CA Full Form | Chartered Accountancy |
| CA Course Level | Certification |
| CA Course Duration | Can be up to 4.5 years |
| CA Course Exam Conducting Body | Institute of Chartered Accountants of India (ICAI) |
| CA Course Exams | Foundational ExamIntermediate ExamArticleshipFinal Exam |
| CA Course Admission Routes | Foundation Course or Direct Entry |
| CA Course Eligibility Criteria | Foundation Route: After Class 12Direct Entry Route: Graduation |
| CA Areas of Employment | Audit, Taxation, Banking, Finance, Management etc. |
| CA Job Profiles | Accountants, Finance Managers, Accounting Managers, Business Analysts, Chartered Engineers, etc. |
| CA Average Salary | INR 10.8 LPA |
| CA Top Recruiters | KPMG, Deloitte, Ernst & Young (EY), Lodha & Co., Price Waterhouse Coopers (PWC) etc. |
Chartered Accountancy (CA) is an expert in bookkeeping, evaluating, tax collection, and monetary appraisal for an individual or association. A chartered accountant is an assignment given to a bookkeeping professional who has gotten affirmation from a legal body that they can deal with the issues related to bookkeeping and tax assessment from a business. It incorporates documenting government forms, evaluating budget summaries and strategic approaches, keeping up with records of ventures, planning and auditing monetary reports and archives, and so forth. An expertly prepared Chartered Accountant can also offer warning administrations to clients, including organizations and people.
The affirmation of Chartered Accountancy is essential to rehearse as a CA in India expertly. Turning into an affirmed accountant requires finishing three degrees of preparation as planned by the Institute of Chartered Accountants of India (ICAI). The ICAI is a legal body that directs and keeps up with the calling of contracted bookkeeping in India. Under the Scheme of Education and Training, an applicant can seek a Chartered Accountancy course either through the Foundation Course Route or the Direct Entry Route. The establishment course is the section point into the course after Class 12, while the Direct Entry course is for those who have finished Graduation.
Chartered Accountancy is a calling that consists of evaluating budget summaries, bookkeeping, keeping up with government forms, keeping up with venture records, and assessing financials for any individual or firm. Certificate of Chartered Accountancy is an expert certificate granted after fulfillment of three assessments, specifically CA Foundation, CA Intermediate, and CA Final.
In this article, findmecollege has presented the structure of CA with the details such as Registration process, fees, eligibility, Exam pattern as well as syllabus of the examination, down below:
CA Course Registration Process & Fees:
| CA Course | ICAI Exam Form Fee (Indian Students) | ICAI Exam Form Fee (Overseas Students) |
|---|---|---|
| CA Foundation Exam Form Fees | Rs. 1500 | $ 325 |
| CA Inter Exam Form Fees | Rs. 1500 (Single group)Rs. 3400 (Both groups) | $ 325 (Single group)$ 500 (Both groups) |
| CA Final Exam Form Fees | Rs. 1800 (Single group)Rs. 3300 (Both groups) | $ 325 (Single group)$ 550 (Both groups) |
- Upcomers looking for admission to Chartered Accountancy (CA) courses – Foundation, Intermediate, and Intermediate IPC courses can fill out the application structure on the authority site of ICAI.
- Sanctioned Accountancy competitors can apply for the ICAI tests/courses by enrolling themselves first according to the means referenced below:
- For first-time candidates, the enlistment cycle for the ICAI test is as follows:
- Click LOGIN/REGISTER on the primary tab of the ICAI official site or https://icaiexam.icai.org/
- Click on ‘New User Register here!’ to enlist for the ICAI test as a new understudy; actually, look at the picture underneath.
- Pick the enrolment number in the drop-down.
- Confirm utilizing course, SRN, and DOB.
- Whenever confirmation is done, enter your email and portable number.
- Login with the assistance of the enlistment number and secret phrase
- Give address and different subtleties.
- Approve email and versatile number.
- Top off the structure and transfer the critical archives.
- Make an installment of the utilization charge to finish the cycle.
- Download the correctly filled structure for future reference.
- Competitors can make installments for the CA application charge through the accompanying:
- Check Card or Credit Card (VISA or MASTER or MAESTRO/RUPAY)
- Net Banking
- Bhim UPI installment
- Applicants should pay an extra INR 600 towards late expenses (for four Domestic and Kathmandu focuses) and USD 10 (for Overseas Centers) if the application is submitted between March 13 and 20, 2022.
- After the effective installment of the expenses, the upcoming will be expected to download the appropriately finished structure and take a printup of something similar.
- If the picture transfer doesn’t show up on the printout, the competitor should append two most recent photos (identification size – 3.5X4.5 cm)- One verified and one non-authenticated.
CA Course Eligibility:
- Upcomers must get through the CA establishment program and effectively clear the CA establishment test.
- Additionally, they must get through their lone rangers or bosses degree with at least half to 60% total scores.
- The upcoming class probably passed Class 12 and finished four months of the review period after CA enlistment, so they have the option to show up for the Foundation assessment.
- The upcoming needs to enroll with the Board of Studies and complete four months of study.
- For direct passage to the CA Intermediate course, the forthcoming should satisfy the accompanying qualification measures: In this passage course, graduates/postgraduates from the Commerce stream with something like 55% total or comparable score can apply.
- Graduates/postgraduates from non-business probably got at least 60% total or comparable grade in the assessment led by any perceived University (counting Open University).
- The Direct Route section is likewise open to competitors who have finished Intermediate level assessment led by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India. Such upcomers are absolved from qualifying Foundation and can enroll straightforwardly in Intermediate courses.
- Competitors in their last year of graduation can likewise enlist for the Intermediate seminar on a temporary premise. Enrolment of such comers would be regularized uniquely on accommodation of conclusive year point sheet or passing declaration inside a half year from the date of appearance in the last year graduation assessment and on fruitful consummation of ICITSS (Orientation Course and Information Technology
CA Course Exam Pattern:
- CA Foundation is the primary degree of Chartered Accountancy course—up-and-comers who take the CA course after class 12 must clear the Foundation level first. The CA Foundation test has four papers; applicants must take them all for free. The base score expected to qualify for the CA Foundation test is 40% imprints in each paper and 55% in every 1 of the four papers.
- CA Intermediate is the second level of the course. Those who start the course after graduation can begin by clearing the CA Intermediate test. This level of the ICAI CA course contains two classes, New Scheme and Old Scheme, and two gatherings – Group I and Group II.
- The CA Final is the last level of the Chartered Accountancy course. After clearing the CA Final course, upcomers are affirmed by the ICAI to rehearse Chartered Accountancy expertly. CA Final additionally comprises two plans – New and Old Schemes and two gatherings – Group I and Group II.
- A portion of the CA papers are directed for three hours, while some are led for two hours.
- The CA question papers are accessible in both English and Hindi. The inquiry papers will be given in English for English medium competitors. For Hindi medium, inquiry papers will be bilingual, except for question papers on Accounting, Taxation, and Advanced Accounting, which will be in English; however, upcomers can respond to them in Hindi.
CA Course Syllabus:
- The CA course is isolated into three levels: CA Foundation, CA Intermediate, and CA Final Level. The following are the papers covered at each level and checking plans (authoritatively known as ability appraisal) of instruction and preparing at all degrees of CA courses:
- The CA Foundation course is isolated into four papers. One needs to clear all four papers to qualify for this degree of Chartered Accountancy course.
Core Subjects in CA Courses
In the CA course, candidates must acquire the knowledge and skills to perform the chartered accountant role efficiently. Below is the table listing the subjects in the Chartered Accountant syllabus.
Elective Subjects in CA Final Course
Candidates get the opportunity to choose an elective subject in the Final level of CA course. There is only one elective paper in the CA Final course. Check the table below for details of elective subjects included in CA syllabus:
CA Course: Foundation Level
The CA Foundation course has four papers. Check below the subjects and topics included in the four papers of CA Foundation course:
| CA Foundation Paper | CA Foundation Topics | |
|---|---|---|
| Paper 1 | Principles and Practice of Accounting | |
| Paper 2 | Business Laws & Business Correspondence and Reporting | Section A: Business LawsSection B: Business Correspondence and Reporting |
| Paper 3 | Business Mathematics and Logical Reasoning & Statistics | Part 1: Business Mathematics and Logical ReasoningPart 2: Statistics |
| Paper 4 | Business Economics & Business and Commercial Knowledge | Part 1: Business EconomicsPart 2: Business and Commercial Knowledge |
CA Foundation Course – Marking Scheme (Skill Assessment)
In CA Foundation, candidates are assessed on their comprehension and application skills. Check the marking scheme of ICAI CA Foundation course exam below:
| CA Foundation Papers | Level I: Comprehension & Knowledge | Level II: Application | |
|---|---|---|---|
| 1 | Principles and Practice of Accounting | 5%-20% | 80%-95% |
| 2A | Business Laws | 50%-65% | 35%-50% |
| 2B | Business Correspondence and Reporting | 100% | – |
| 3 | Business Mathematics and Logical Reasoning & Statistics | – | 100% |
| 4I | Business Economics | 40%-50% | 50%-60% |
| 4II | Business and Commercial Knowledge | 100% | – |
CA Course: Intermediate Level
The CA Intermediate course is divided into two groups. Both the groups have four papers each. One has to pass both the groups of CA Intermediate course to move to the next level, i.e. Final course. Check below the subjects and topics included in the eight papers of ICAI CA Intermediate course:
| CA Intermediate Groups | CA Intermediate Paper Name | |
|---|---|---|
| Group I | Paper 1: Accounting | – |
| Paper 2: Corporate and other Laws | Part 1: Company Law | |
| Part 2: Other Laws | ||
| Paper 3: Cost and Management Accounting | – | |
| Paper 4: Taxation | Section A: Income Tax Law | |
| Section B: Indirect Taxes | ||
| Group II | Paper 5: Advanced Accounting | – |
| Paper 6: Auditing and Assurance | – | |
| Paper 7: Enterprise Information Systems & Strategic Management | Section A: Enterprise Information Systems | |
| Section B: Strategic Management | ||
| Paper 8: Financial Management and Economics for Finance | Section A: Financial Management | |
| Section B: Economics for Finance | ||
CA Intermediate Course Marking Scheme (Skill Assessment)
In CA Intermediate course too, assessment is made on the candidate’s comprehension and application skills. Given below is the marking scheme of ICAI CA Intermediate Course Exam:
| CA Intermediate Papers | Level IComprehension & Knowledge | Level IIAnalysis & Application | |
|---|---|---|---|
| 1 | Accounting | 5%-15% | 85%-95% |
| 2 | Part I: Company Law | 40%-55% | 45%-60% |
| 2 | Part II: Other Laws | 35%-55% | 45%-65% |
| 3 | Cost and Management Accounting | 20%-30% | 70%-80% |
| 4A | Income-tax law | 5%-20% | 80%-95% |
| 4B | Indirect Taxes | 20%-45% | 55%-80% |
| 5 | Advanced Accounting | 5%-15% | 85%-95% |
| 6 | Auditing and Assurance | 30%-55% | 45%-70% |
| 7A | Enterprise Information Systems | 40%-65% | 35%-60% |
| 7B | Strategic Management | 50%-70% | 30%-50% |
| 8A | Financial Management | 20%-30% | 70%-80% |
| 8B | Economics for Finance | 60%-80% | 20%-40% |
Paper 1- Standards and Practice of Accounting
Paper 2- Laws and Business Correspondence and Reporting, Area A: Business Laws, Area B: Business Correspondence and Reporting
Paper 3- Business Mathematics and Logical Reasoning and Statistics, Section 1: Business Mathematics and Logical Reasoning, Section 2: Statistics
Paper 4- Business Economics and Business and Commercial Knowledge, Section 1: Business Economics, Section 2: Business and Commercial Knowledge
- In CA Foundation, competitors are evaluated on their understanding and application abilities.
Standards and Practice of Accounting
Business Laws
Business Mathematics and Logical Reasoning and Statistics
Business Economics
Business and Commercial Knowledge
CA Course: Intermediate Level
The CA Intermediate course is divided into two groups. Both the groups have four papers each. One has to pass both the groups of CA Intermediate course to move to the next level, i.e. Final course. Check below the subjects and topics included in the eight papers of ICAI CA Intermediate course:
| CA Intermediate Groups | CA Intermediate Paper Name | |
|---|---|---|
| Group I | Paper 1: Accounting | – |
| Paper 2: Corporate and other Laws | Part 1: Company Law | |
| Part 2: Other Laws | ||
| Paper 3: Cost and Management Accounting | – | |
| Paper 4: Taxation | Section A: Income Tax Law | |
| Section B: Indirect Taxes | ||
| Group II | Paper 5: Advanced Accounting | – |
| Paper 6: Auditing and Assurance | – | |
| Paper 7: Enterprise Information Systems & Strategic Management | Section A: Enterprise Information Systems | |
| Section B: Strategic Management | ||
| Paper 8: Financial Management and Economics for Finance | Section A: Financial Management | |
| Section B: Economics for Finance | ||
CA Intermediate Course Marking Scheme (Skill Assessment)
In CA Intermediate course too, assessment is made on the candidate’s comprehension and application skills. Given below is the marking scheme of ICAI CA Intermediate Course Exam:
| CA Intermediate Papers | Level IComprehension & Knowledge | Level IIAnalysis & Application | |
|---|---|---|---|
| 1 | Accounting | 5%-15% | 85%-95% |
| 2 | Part I: Company Law | 40%-55% | 45%-60% |
| 2 | Part II: Other Laws | 35%-55% | 45%-65% |
| 3 | Cost and Management Accounting | 20%-30% | 70%-80% |
| 4A | Income-tax law | 5%-20% | 80%-95% |
| 4B | Indirect Taxes | 20%-45% | 55%-80% |
| 5 | Advanced Accounting | 5%-15% | 85%-95% |
| 6 | Auditing and Assurance | 30%-55% | 45%-70% |
| 7A | Enterprise Information Systems | 40%-65% | 35%-60% |
| 7B | Strategic Management | 50%-70% | 30%-50% |
| 8A | Financial Management | 20%-30% | 70%-80% |
| 8B | Economics for Finance | 60%-80% | 20%-40% |
- The CA Intermediate course is isolated into two gatherings, both having four papers.
Paper 1: Accounting
Paper 2: Corporate and different Laws, Section 1: Company Law, Section 2: Other Laws
Paper 3: Cost and Management Accounting
Paper 4: Taxation, Segment A: Income Tax Law, Segment B: Indirect Taxes
Paper 5: Advanced Accounting
Paper 6: Auditing and Assurance
Paper 7: Enterprise Information Systems and Strategic Management, Segment A: Enterprise Information Systems, Segment B: Strategic Management
Paper 8: Financial Management and Economics for Finance, Segment A: Financial Management, Segment B: Economics for Finance
CA Course: Final Level
The CA Final course also comprises two groups. Both the groups have four papers each. One has to clear both the course groups to clear the Final level. Given below are the subjects and topics included in the eight papers of CA Final course:
| CA Final Groups | CA Final Paper Name | |
|---|---|---|
| Group I | Paper 1: Financial Reporting | – |
| Paper 2: Strategic Financial Management | – | |
| Paper 3: Advanced Auditing and Professional Ethics | – | |
| Paper 4: Corporate and Economic Laws | Part I: Corporate Laws | |
| Part II: Economic Laws | ||
| Group II | Paper 5: Strategic Cost Management and Performance Evaluation | – |
| Paper 6: Elective Paper | List of Elective Papers: | |
| 6A Risk Management | ||
| 6B Financial Services and Capital Markets | ||
| 6C International Taxation | ||
| 6D Economic Laws | ||
| 6E Global Financial Reporting Standards | ||
| 6F Multi-disciplinary Case Study | ||
| Paper 7: Direct Tax Laws & International Taxation | Part 1: Direct Tax Laws | |
| Part 2: International Taxation | ||
| Paper 8: Indirect Tax Laws | Part 1: Goods and Services Tax | |
| Part 2: Customs and FTP | ||
Skill Assessment Final Course – Marking Scheme
In CA Final course, candidates are assessed on their comprehension, application and evaluation skills. Given below is the marking scheme of ICAI CA Final Exam:
| CA Final Papers | Level IComprehension & Knowledge | Level IIAnalysis & Application | dLevel IIIEvaluation & Synthesis | |
|---|---|---|---|---|
| 1 | Financial Reporting | 5%-15% | 55%-85% | 15%-25% |
| 2 | Strategic Financial Management | 10%-20% | 20%-40% | 50%-60% |
| 3 | Advanced Auditing and Professional Ethics | 15%-25% | 40%-70% | 20%-30% |
| 4 | Corporate & Economic LawsPart I: Corporate Law | 15%-25% | 40%-55% | 30%-35% |
| Part II: Economic Laws | 30%-50% | 50%-70% | ||
| 5 | Strategic Cost Management and Performance Evaluation | 10%-15% | 45%-55% | 35%-40% |
| 7 | Direct Tax Laws & International TaxationPart I: Direct Tax Laws | 5%-10% | 55%-75% | 20%-35% |
| Part II: International Taxation | 40%-50% | 50%-60% | ||
| 8 | Indirect Tax LawsPart I: Goods and Services Tax | 10%-30% | 40%-70% | 20%-30% |
| Part II: Customs & FTP | 20%-40% | 40%-70% | 10%-20% | |
CA Final Subjects
Group 1
Paper-1: Financial Reporting
Paper-2: Strategic Financial Management
Paper-3: Advanced Auditing and Professional Ethics
Paper-4: Corporate and Economic Laws
Group 2
Paper-5: Strategic Cost Management and Performance Evaluation
Paper-6A: Risk Management
Paper-6B: Financial Services and Capital Markets
Paper-6C: International Taxation
Paper-6D: Economics Laws
Paper-6E: Global Financial Reposting Standards
Paper-6F: Multidisciplinary Case Study
Paper-7: Direct Tax Laws and International Taxation
Paper-8: Indirect Tax Laws
CA Syllabus: Books and Authors
CA is one of the most difficult exams to pass, and acing it requires using the appropriate resources and putting all of one’s efforts in the right place. Shiksha has listed some of the main CA books that are necessary to study Chartered Accountant subjects.
| Chartered Accountant Subjects | Book title | Author | Description |
|---|---|---|---|
| CA Foundation Level | Fundamentals of Accounting for CA- CPT | Tulsian and Bharat Tulsian | The book discusses the various fundamental concepts of accounting and follows the syllabus requirements of the CA-CPT examination. |
| CA IPCC Level | Practical Approach to Direct and Indirect Taxes: Income Tax and GST | Girish Ahuja and Ravi Gupta | The book aims to help and enable the readers to understand the intricate problems relating to Income Tax and GST. |
| CA Final Level | Strategic Cost Management and PerformanceEvaluation: CA Final New Syllabus | B Saravana Prasath | This book helps understand various concepts related to decisions in financial management like financing decisions, investment decisions and dividend decisions. |
| CA | Mercantile Law | MC Kuchhal and Vivek Kuchhal | This law teaches the fundamental principles of the basic laws of modern business. |
| CA Foundation Level | CA Foundation Principles and Practice of Accounting | Taxmann | The book has 23 chapters. It includes the complete theory of the topics in lucid, simple style & covers 350+ illustrations with working notes and 100+ practice questions. |
Top CA Careers
After passing the CA final exam, countless opportunities are available. The majority of businesses or sectors need the qualified assistance of chartered accountants. The CA can practice accounting, join another CA firm or a business that hires chartered accountants, or create their own business by going the route of an entrepreneur.
Following are some of the most popular job positions acquired by Chartered Accountants:
| Chartered Accountancy Jobs | Description | CA Salary |
|---|---|---|
| Chartered Accountants | CAs are professionals who provide financial advice, audit financial statements, and prepare tax returns for individuals and businesses. | INR 10 LPA |
| Financial Controllers | Financial controllers oversee financial activities within an organization, including financial reporting, budgeting, and ensuring compliance with regulations. | INR 15 LPA |
| Tax Accountants | Tax accountants specialize in preparing and analyzing tax documents for individuals, businesses, and organizations, ensuring compliance with tax laws and regulations while maximizing tax efficiency. | INR 8 LPA |
| Chief Financial Officers | CFOs manage an organization’s financial actions, including financial planning, reporting, and forecasting, as well as overseeing investments, risk management, and financial strategies to achieve the company’s goals. | INR 6 LPA |
| Auditors | Auditors review financial records, ensure accuracy and compliance with relevant laws and regulations, and provide independent assessments of an organization’s financial health and performance. | INR 7 LPA |
CA Scope in India: Jobs, Salary, and Further Education
Chartered accountants can operate in a variety of fields or industries. They might look for employment alternatives for semi-qualified CAs, career choices for CA failing students, or career options for CA dropouts before finishing the CA degree.
The top sectors for chartered accountants are discussed below.
| Industry/Sector | Job Roles |
|---|---|
| Corporate Sector | Large companies across various industriesCA Jobs: Financial Planning, Risk Management, Compliance, Financial Reporting |
| Banking and Financial Services | Banks, insurance companies, investment firmsCA Jobs: Mergers and Acquisitions, Risk Assessment, Credit Analysis, Financial Modeling |
| Public Accounting Firms | Firms offering audit, tax, and advisory servicesCA Jobs Financial Audits, Tax Planning, Business Advisory, Due Diligence |
| Public Sector | Government departments and public sector undertakingsCA Gov. Jobs: Financial Accounting, Tax Administration, Budgeting, Financial Reporting |
| Industry (Manufacturing, IT, etc.) | Manufacturing, IT, and other industriesCA Jobs: Financial Planning, Cost Control, Internal Controls, Financial Reporting |
| Startups | Newly established companiesCA Jobs: Financial Planning, Fundraising, Financial Reporting, Investor Relations |
| Consultancy Firms | Firms providing consulting services to businessesCA Jobs: Business Strategy, Operational Improvement, Financial Analysis, Due Diligence |
Courses after CA
Below are some of the course options for CAs who want to excel in the field of accountancy:
| Course | Description |
|---|---|
| CFA (Chartered Financial Analyst) | A globally recognized qualification focused on investment analysis, portfolio management, and financial markets. |
| FRM (Financial Risk Manager) | A professional certification for risk management professionals, focusing on financial risk identification, measurement, and mitigation. |
| ACCA (Association of Chartered Certified Accountants) | An international accounting qualification, providing a global perspective on accounting and finance. |
| MBA (Master of Business Administration) | A general management degree that can broaden your skill set and open up leadership opportunities. |
| CS (Company Secretary) | A specialized qualification for corporate law and governance, focusing on secretarial practices and compliance. |
| Diploma in Information Systems Audit | A specialized course offered by ICAI, focusing on IT audits and cybersecurity. |
| Diploma in Risk Management | A specialized course offered by ICAI, focusing on risk management principles and techniques. |
| Certificate Courses | ICAI offers various certificate courses in areas like taxation, law, and financial reporting. |
Top CA Recruiters
Below is a list of some of the top recruiters, both internal and domestic, seeking skilled Chartered Accountants.
| CA Top International Recruiters | ||
|---|---|---|
| E&Y | Grant Thorton | Olam International |
| KPMG | BDO | Alghanim Industries |
| Deloitte | RSM International | ETA Ascon Group |
| PwC | Tolaram Group | Landmark Group |
