Chartered Accountant (C.A): All Details

What is Chartered Accountant (C.A) all about?

Chartered Accountant (C.A) is a course students can opt for after completing their 12th Exams. The total duration of the (C.A) course is 5 years. C.A is a professional degree and a highly popular one among students from the Commerce stream.

Why do students need to study Chartered Accountant (C.A)?

Students should opt for Chartered Accountant (C.A) in 2021 as it is a highly respected profession in society along with a fair amount of money. Chartered Accountants (C.A) usually have a high level of analytical skills. It is a constantly growing field. Students will be able to get a visible career path and will hold a responsible position in society for their profession.

Eligibility Criteria for Chartered Accountant (C.A)

To be eligible for admission to Chartered Accountant (C.A), one needs to fulfill the criteria given below.

• Student must have passed their 12th Boards from a recognized Board.
• The student must be either from the science/Commerce stream.
• Students must have scored a minimum of 50% in their Boards for admission to C.A.

Top Colleges for Chartered Accountant (C.A)

The top 5 colleges for Chartered Accountant (C.A) are:

• Arihant Group of Institutions, Bangalore
• CMS for C.A, Hyderabad
• ICAI, Delhi
• Vidya Sagar Career Institute
• Aldine C.A

Admission Procedure for Chartered Accountant (C.A)

The admission process varies from college to college. Few of the colleges provide direct admission based on Class 12th marks. Few other colleges depend upon National Entrance exams for the course, Chartered Accountant (C.A) in 2021. Students must keep a regular check on the official website of a college to know more about the procedures.

Entrance Exams for Chartered Accountant (C.A)

The most popular entrance exam for Chartered Accountant (C.A) in 2021 is CA CPT 2021.

Reference Books for Chartered Accountant (C.A)

Reference Books for CA CPT are

• Shuchita Solved Scanner For CA CPT English by Amar Omar, Rasika Goenka
• Padhuka – Basics of Accounting for CA CPT by G. Sekar & B Saravana Prasath
• S Chand Grewal CA CPT by M P Gupta and B M Agarwal
• Tata McGraw Hill Fundamental of Accounting By PC Tulsian Bharat Tulsian
• ICAI CPT Model Test Papers of Fundamentals of Accounting

Syllabus for Chartered Accountant (C.A)

The CA Foundation Syllabus is given below.

Paper 1: Principles and Practice of Accounting

Paper 2: Business Laws and Business Correspondence

Paper 3: Business Mathematics, Logical Reasoning, and Statistics

Paper 4: Business Economics and Business & Commercial Knowledge

CA Final Syllabus

Group 1

• Financial Reporting
• Strategic Financial Management
• Advanced Auditing and Professional Ethics
• Corporate and Economic Laws

Group 2

• Strategic Cost Management and Performance Evaluation
• Elective paper
• Risk Management
• Financial Services and Capital Markets
• International Taxation
• Economic Laws
• Global Financial Reporting Standards
• Multidisciplinary Case Study
• Direct Tax Laws and International Taxation
• Indirect Tax Laws

Fees and Jobs Scope for Chartered Accountant (C.A)

The fees for admission to Chartered Accountant (C.A) varies from Rs 12,000 to Rs 1, 00,000

The salary for a Chartered Accountant (C.A) is Rs 341,158 – Rs 1,977,326

Job Roles for Chartered Accountant (C.A)

The top job roles for a Chartered Accountant (C.A) are

• Internal Auditing.
• Tax Auditing.
• Forensic Auditing.
• A career in Accounting and Finance.

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