About the Exam:
The CA course is designed to combine theoretical study with practical training. The Chartered Accountancy course is considered to be one of the toughest, rigorous professional courses both in India and Worldwide with only 3-8 % of the students passing in every attempt in Inter and Final Level. It is not a 1 or 2-year process. One has to prepare from matriculate level to become CA in specified period. Otherwise there are examples of students who couldn’t clear the exam or process in 10-year framework. The complete process to become a CA is given below on the flowchart. Before that, first read the eligibility criteria.
|ELIGIBILITY REQUIREMENT FOR REGISTRATION|
A student who has passed Common Proficiency Test (CPT) and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto and student who is Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total or its equivalent by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) and Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Common Proficiency Test (CPT) vide Notification No. 1-CA(7)/145/2012 dated August 1, 2012 can join the Intermediate (IPC) Course.
|ELIGIBILITY QUALIFICATION/ REQUIREMENT TO ENROL FOR INTERMEDIATE (IPC) COURSE:
Flow Chart on How to Become a CA
Registration Process and Guideline:
A student should submit filled-in registration forms for Intermediate (Integrated Professional Competence) Course to the concerned Regional Office in consonance with the address. Prospectus for Chartered Accountancy Course – Scheme of Intermediate (IPC) Course and Final Course is available at sales counter of Decentralized offices/ Branches of the Institute. The cost of Prospectus is Rs. 100/-. Registration form can also be downloaded from Institute’s website www.icai.org. On receipt of filled-in form and requisite fee, the appropriate decentralized office will issue study materials for Group I and/or Group II of IPC course.
Students, while submitting Intermediate (IPC) Course registration form at concerned Regional office, should enclose the following:
- Demand Draft/Pay Order towards Intermediate (IPC) Course registration fee.
- Attested copy of 12th pass or its equivalent Central Government recognised examination pass marks statement.
- Graduation/Post Graduation marks statement for Direct Entry to Intermediate (IPC) Course.
- Copy of CPT Pass marks statement, if applicable (students are advised not to wait for CPT marks statement to be received from Examination division for registration to Intermediate (IPC) Course but proceed for Intermediate (IPC) Course registration with a copy of downloaded CPT marks statement).
Being finance experts, CA usually handle the financial nerves of the organization. Irrespective of industry, every organization has several important functions like accounts, audit, taxation, statutory compliance etc. Either they can hire a team of people with multiple disciplines or hire a person who is good in multi-tasking. Needless to mention, many organizations prefer CA due to their versatile approach with highest level of integrity while performing such key functions. The main advantages of being a CA are-The job is highly paying. And CAs command tremendous respect in the organizations and society.
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