CHARTERED ACCOUNTANCY (CA) Course India - Free Job Alert 2020 | Rozgaar Express

Thursday, 2 April 2020

CHARTERED ACCOUNTANCY (CA) Course India

Hi, Everyone I'm going to tell you about the CA course in a very very simplified manner. Let's dive into what the CA journey could look like in very very simple terms. So I'm going to break down the entire CA journey into 3 components. The first component is the EXAMS the second component is the PRACTICAL TRAINING or Articleship at a CA firm and the third component is the smaller courses that the Institute requires you to complete.  

Now diving into the first component that is the EXAMS The CA journey is divided into three stages of exams. THE FOUNDATION COURSE, THE INTERMEDIATE COURSE AND THE FINAL COURSE. And the total number of exams that you may be required to take is twenty. And there are two ways to get into the CA course: The first is right after high school, that means you have completed 10 + 2 years of education or you are a high school graduate, which means you can enter the CA course through the foundation route. The second is, supposing, you are graduate or a post-graduate in commerce or any other subjects, with an aggregate of 55% or 60% marks. And after graduation, you decide that you want to become a Chartered Accountant. You can enter the CA programme directly at the Intermediate level, which is called the DIRECT ENTRY ROUTE. 

In that case, you do not have to take the CA Foundation Course. So you can embark on the CA journey at 20-25 years of age as well if you're a graduate or a post-graduate in commerce or any other subjects. So for someone, who is right out of school and wants to become a Chartered Accountant lets say at the age of 18 or 19, you will have to register for the CA Foundation Course. The CA Foundation Course consists of 4 exams held on different days twice a year, in May and November. You need to score a minimum of 40% marks in each of the 4 exams and an aggregate of 50% in order to pass the CA Foundation Course. Once you have cleared the CA Foundation Course, you will be eligible to register for the CA Intermediate Course. 

The Intermediate Course is the second stage of exams and that consists of a set of 8 papers divided into two groups of 4 papers each. These exams are also held twice a year, in May and November and the passing is again the same. To clear each of the groups, you need a minimum of 40% marks in each of the papers, and an aggregate of 50% marks for that group in total. After the Intermediate Course, comes the Final Course. The Final Course also consists of 8 papers divided into two groups of 4 papers each. Again, these exams are held twice a year, and you need an aggregate of 50% to clear each of the groups and a minimum of 40% marks in each of the 8 papers. So with this, we cover the first component of the CA journey, which is the three stages of exams. Then comes, the PRACTICAL TRAINING. To prepare for the journey as a Chartered Accountant, the Institute requires you to undertake practical training at a Chartered Accountancy firm for a period of 3 years. 

The practical training could mean that you could be working in either the auditing or taxation or any other department of a CA firm, in order to build on your expertise and knowledge and prepare yourself for the CA final exams. The PRACTICAL TRAINING is a 3-year training that would begin at the Intermediate Course level, which means that once you have cleared, either one or two groups of the Intermediate Course, you would be eligible to start the Articleship. However, if you were embarking on the CA journey after graduation or post-graduation, you would first have to join your practical training and then undertake the CA Intermediate Course exams. 

But let's not complicate it too much. All I want you to know in this case is that PRACTICAL TRAINING is for a period of 3 years and it takes place after the second stage, which is the Intermediate Course. During the PRACTICAL TRAINING, you would be working round the clock in order to gain expertise and practical experience of dealing with clients and working on financial statements, which would only help you to prepare better for the third stage of exams that is the CA Final exams. Once you are in your final year of Articleship, that is the third year of your Articleship training, you would be eligible to register for the CA Final exams. This covers the second component of the CA journey that is PRACTICAL TRAINING. 

The third component is a set of two SHORT pieces of training that the Institute requires you to take in order to build on your knowledge of Information Technology and Soft Skills. This training is called the ICITSS or the Integrated Course on Information Technology & Soft Skills. These pieces of training are held twice during the course, for a period of 4 weeks each. The first one is held at the Intermediate Course level, and the second one is held as an advanced version of the course right before you take the CA Final exams. So the first training of the ICITSS prepares you to join the Articleship training at a CA firm, in order for you to understand the basics of information technology and communication skills in the form of soft skills. 

So, at the end of the journey, if you have covered all that is required by the Institute you would be eligible to sit for the CA Final exams. That means you have cleared the Foundation exams, the Intermediate exams, as well as undertaken both the training in Information Technology and Soft Skills and you are in your final year of Practical Training. Once you have cleared all stages of EXAMS, completed your PRACTICAL TRAINING, and the SHORT COURSES that the Institute requires you to take - you are now a Chartered Accountant. I really hope this helped whoever was in two minds about the CA course and did not find any each explanation of the CA journey.