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CA (Chartered Accountant)

CA course, where CA full form is Chartered Accountant, is offered by the Institute of Chartered Accountants of India (ICAI). It is one of the prestigious professional programs for aspirants from the commerce field.

Eligiblity

If candidates want to pursue the CA course right after completing Class 12, then they must follow the foundational route. However, if a candidate is applying for the CA course after graduation or postgraduation, they can bypass the "Foundation" exam and directly apply for the Intermediate exam. In short, the foundation course is the entry point into the CA course after Class 12, and the Direct Entry route is for those who have completed graduation.

The basic CA Foundation eligibility requires aspiring candidates to score at least 50 percent in class 12 from a recognized school. Some important exams other than the CA levels are SAT India, ICSI, and CUET.

FAQ

Career in CA

· Chartered Accountants : CAs are professionals who provide financial advice, audit financial statements, and prepare tax returns for individuals and businesses

1.) Financial Controllers : Financial controllers oversee financial activities within an organization, including financial reporting, budgeting, and ensuring compliance with regulations

· 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.

· 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

· 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.

· Technology Integration: Cloud accounting, AI, machine learning, block chain, data analytics.

· Advisory Services: Business advisory, tax advisory, sustainability & ESG reporting.

· Forensic Accounting: Fraud investigation, dispute resolution.

· Global Mobility: International taxation, cross-border transactions.

· Upskilling and Continuous Learning: Technical and soft skills

Structure of CA Exam

The course is segmented into 3 levels: CA Foundation, CA Intermediate, and CA Final, where the exams are conducted for each level. The exams are conducted by the ICAI, and are held twice a year, in May-June and November-December. Under the Scheme of Education and Training, a candidate can pursue a CA course through the Foundation Course Route or the Direct Entry Route. Chartered Accountancy course entails teaching about its financial domains such as Taxation, Auditing, Financial Management, and Accounting as its main component.

Duration of CA Course

The course is for 4-6 years. The CA course is divided into three levels:

· Foundation Programme

· Intermediate Programme

· Final Programme