Eligibility Criteria for CA

People need financial advisors to take important financial decisions and these financial advisors are mostly Chartered Accountants (CA). A chartered accountant’s tasks include the financial statement auditing, corporate tax return filing and financial advising. Without a CA, it is near to impossible for investors to invest and business professionals to take their organization to sky high. At a rocket-speed, CAs give financial solutions to their clients.

You cannot become a CA in one attempt unless you put laborious hard work, heart full of dedication and determination from day one. In other words, chartered accountancy is tough. Chartered accountancy has a huge in-depth syllabus. It has two levels of exams CPT (Common Proficiency Test) and IPCC/IPCE (Integrated Professional Competence Course). You will not be clear the CPT and IPCC rounds in the first attempt without hard work.

Afterwards, a three years Articleship is compulsory for a CA under a practicing professional. Upon completing three years of Articleship, a CA appears for the final examination. It is a long process, but if you keep the right attitude, it will entitle you to use ‘CA’ before your name.

Let us see the eligibility criteria so that you can start applying

Age is not a bar for CA. You can give CA CPT Examination for 6 times and CA IPCC for 8 times to successfully clear them. You can make 10 attempts to clear the CA final examination. Every year you can make 2 attempts to clear the examination.

In India, Institute of Chartered Accountants of India (ICAI) is the governing body of the accountancy profession. In 1949, it was incorporated by the Indian Parliament. ICAI board has set the marks as 60 percent for candidates with a master’s or a bachelor’s degree in any stream other than commerce. It is 55 percent marks for a master’s or a bachelor’s commerce student. Candidates who have cleared 12th standard from a recognized board are also eligible to appear for the CA CPT examination (they should pass the foundation level prior to that).

*The foundation examination is held twice a year and it has 4 papers. Graduates and Post Graduates and other similar candidates do not need to take this examination.

Fees for CA Course

For the foundation level, the course fees

-->Total fee for CA foundation is around INR 9600.

--> Fee for CA Intermediate is INR 18000 (to be paid once).

-->Fee for CA final is INR 22000.

*Candidates who have done graduation/post-graduation or those who have cleared the intermediate level of ICMA/ICSI have to pay prospectus and they need to register both groups separately.

Besides, there are costs such as Articleship training registration fees which is INR 2000. Prior to CA intermediate course, you need to go ICITSS that comprises of Information Technology and Orientation Program. The fee for Information Technology is INR 6500 and for Orientation Program it is INR 7000.

In the last two years of Articleship, you will complete AICITSS. You will get Advanced Information Technology Training and Management and Communication skills training and the fee you need to pay is INR 7500 and INR 7000 respectively.

We have talked about fee. Let us now know the syllabus of CA course

ICAI prescribed syllabus for CA Foundation 2019

1. Paper 1 – Principles and Practice of Accounting.

2. Paper 2 – Business Laws and Business Correspondence.

3. Paper 3 – Business Mathematics, Logical Reasoning and Statistics.

4. Paper 4 – Business Economics and Business Commercial Knowledge.

ICAI syllabus for CA Intermediate

1. Paper 1 – Accounting.

2. Paper 2 – Corporate and Other Laws.

3. Paper 3 – Cost and Management Accounting.

4. Paper 4 – Taxation.

5. Paper 5 – Advanced Accounting.

6. Paper 6 – Auditing and Assurance.

7. Paper 7 – Enterprise Information System and Strategic Management.

8. Paper 8 – Financial Management and Economics for Finance.

CA final exam syllabus

1. Paper 1 – Financial Reporting.

2. Paper 2 – Strategic Financial Management.

3. Paper 3 – Advanced Auditing and Professional Ethics.

4. Paper 4 – Corporate and Allied Laws.

5. Paper 5 – Advanced Management Accounting/Strategic Management and Performance Evolution.

6. Paper 6 – Information System Control and Audit, Elective Papers.

7. Paper 7 – Direct Tax Laws.

8. Paper 8 – Indirect Tax Laws.

 CA Foundation exam is scheduled to be held on 04, 07, 09, 11 Jun 2019. The admit card will be released on 27 April 2019. Probably you will get the results on 3rd week of July, 2019.