How to become a CA (Chartered Accountant in India) – Stages, Steps and Opportunities

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Chartered Accountant, a professional degree course which offers a lot of career opportunities along with the good package of salary. A Chartered Accountant works include auditing, taxation, financial planning, and many more. It is through a challenging and rewarding job. Moreover Chartered Accountant never goes out of Demand. The career scope in Chartered Accountant has a wider scope not only in India but in abroad too. The article given below is all about how to become a CA? Check the details and start your hard work to become a future CA

Roles and Responsibilities of CA

Chartered Accountant somehow a multi-tasker, CA Probably works in different fields like management and government accounting, auditing, taxation, and is more related to a company. Many of the responsibilities include making financial reports, as an advisor, reviewing an analyzing.

The following points given below more likely are the roles of CA and how to become a CA

  • Preparing Financial Statements
  • Analysing the Reports
  • Auditing and Taxation
  • Analysing management Reports
  • To be an Advisor

Therefore, the list doesn’t ends up here, more of the responsibilities are related to company are performed by the Chartered Accountant.

How To Become A CA?

Candidates who are willing to appear in the examination need to clear the three stages of the Examination namely, CPT, IPCC, and CA Final. Candidates who want to take Chartered Accountant as a Career Option then they need to clear all the stages along with the articleship. Articleship in CA includes training which is mandatory for all the candidates.

The Three Stages Involves:

  1. CPT (Common Proficiency Test)

Common Proficiency Test is the type of Entrance Exam which the candidates appearing in the CA has to give, The CPT exam includes four subjects i.e. Fundamentals of Accounting, Mercantile Law, General Economics, and Quantitative Aptitude.  Candidates in CA-CPT needs to score 30% in each of the subject and 50% aggregate marks in total. Candidates once clear the CPT Examination will be further eligible for CA-IPCC. The four weeks of ICITSS conducted by ICAI will be compulsory to clear.

  1. CA IPCC

CA IPCC is the second stage of CA which include the two groups with 7 subjects both. The Group 1 and Group 2 will be the option for candidates to give in one attempt or separately for the 2 groups. Candidates can qualify the examination accordingly. The candidates can continue with the articleship after clearing the Group 1 of IPCC. The articleship can be of 3 years which is mandatory for the candidates to do.

  1. CA Final

The final step toward a Chartered Accountant, the candidates will be eligible only when he/she will qualify the both groups of IPCC and complete the Articleship.  The Final Course consists of 8 subjects with 2 groups. Candidates when clear the final examination will become a CA.

Candidates can Apply for the Chartered Accountant

CA after 10+2 Exam: Candidates can register themselves after completing the 10+2 examination. The candidates can enter in CA-CPT after the 10+2 Examination.

How to become a CA after Graduation: Candidates can register after clearing the Graduation for the CA Intermediate, the candidates can apply from any stream and complete the eligibility criteria.

Chartered Accountant Course Syllabus

Candidates can go to the below and check the Syllabus for all the Stages.

The Syllabus is according to thestages and the modules, candidates need to clear each and every examination in the particular group, once the group is clear candidates will be further eligible for the next stage. Candidates are suposed to pass each and every stage and complete the Articleship to become a CA.

Salary of a Chartered Accountant

Candidates after pursuing CA can enter any of the sectors of Industry, private and government agencies, whereas half of the chartered accountant work in many of the sectors of commerce, financial services, banking, and private accountant firms. The scope of Chartered Accountant excepts the growth in market and the scope is not only in India but also in Abroad. The CA job opportunities also include working in USA. Most probably the Employment Opportunities for CAs are never ending.

CA’s Salary As A Fresher:

Candidates starting as a Fresher may get a salary of 5-6 lakhs per annum. Candidates starting as a fresher or doing the articleship.

CA’s Salary

Chartered Accountant with the skills and knowledge can earn up to 5-4 lakhs per month or more. It depends on the experience and the skills that one can have.

The CA salary it can be anywhere in between 500000 lakhs per annum; but it depends on what the CA is exactly serving, it totally depends on your skills the experience you gain, according to your skill the chartered accountant can boost their salary up to Rs 500000 per month depending up on the Skills.

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