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{{Short description|Professional designation}}
{{Copy edit|for=grammar, punctuation, and arbitrary capitalization|date=March 2024}}
In India, a '''Chartered Accountant''' is a qualified [[accountant]] of the [[Institute of Chartered Accountants of India]]. Chartered Accountant is one of most respectful profession in commerce stream. They have knowledge of various subjects like accounting, auditing, corporate laws, costing and various aspects of direct and indirect taxation.<ref name="ch9">{{cite news |title=Ace your CA exams 2021 with these preparation tips, and dos and don'ts by an expert |url=https://www.indiatoday.in/education-today/tips-and-tricks/story/ace-your-ca-exams-2021-with-these-preparation-tips-and-dos-and-don-ts-by-an-expert-1826114-2021-07-09 |access-date=5 June 2022 |publisher=India Today |date=9 July 2021 |language=en}}</ref>
A Chartered Accountant can work independently as a [[professional]] or they can easily get any job in [[Audit]], [[Taxation]], Advisory, Consulting etc.
To become a Chartered Accountant one needs to clear all three levels of Chartered Accountancy course and the Articleship (Practical Training).
== Education ==
Enrolment in Chartered Accountancy course can be done anytime after 12th class, graduation or post graduation. It has three Levels of Examination. All needs to be cleared in order to get the membership and title of CA.
Following are the required educational qualifications:<ref name="ch2">{{cite news |title=How to become a Chartered Accountant: Two routes to follow after Class XII and UG |url=https://www.telegraphindia.com/edugraph/career/how-to-become-a-chartered-accountant-two-routes-to-follow-after-class-xii-and-ug/cid/1837103 |access-date=5 June 2022 |publisher=telegraphindia.com |date=3 November 2021}}</ref><ref name="ch3">{{cite news |title=CAs are now equivalent to Post Graduates: How to become a Chartered Accountant |url=https://www.hindustantimes.com/education/competitive-exams/cas-are-now-equivalent-to-post-graduates-how-to-become-a-chartered-accountant-101616047909870.html |access-date=5 June 2022 |publisher=Hindustan Times |date=18 March 2021 |language=en}}</ref>▼
The Three Levels are-
[[CA Foundation Course|CA Foundation]]
[[CA Intermediate Course|CA Intermediate]]
[[CA Final]]
To successfully complete qualify as a CA, 2 Years Articleship (Practical Training) is also mandate after the CA Intermediate. To ensure personality development and technical trainings, there are four short courses, two happening before joining Articleship and other two advanced courses before giving CA Final.
=== Eligibility after 12th ===
The aspirant should enroll
After clearing the CA Foundation Exam, he can register for CA Intermediate Course and should complete the Orientation Program and Information Technology Training (ITT).
The aspirant is required to pass both groups of CA Intermediate to Join
He can register for the final course of the Chartered Accountancy course after clearing both groups at the Intermediate level.
The aspirant can appear for the CA Final exam after 6 months from the date of completion of Articleship and get qualified after passing both groups with the requisite percentage,
The aspirant is eligible to become a member of ICAI
The aspirant becomes an eligible person to be called
=== Eligibility after Graduation ===
An aspirant can appear for the CA Intermediate exams directly after the completion of
He will be eligible for ICAI membership
He can start practicing as a
==== Commerce Graduates ====
A Commerce graduate can apply directly for the CA Intermediate Course in case:
Clears graduation with a minimum 55 percentage marks by studying at least any 3 subjects out of Accountancy, Auditing, Direct and Indirect Taxation, Mercantile or Corporate Law, Economics, Management (including Financial Management), Costing, Business Administration, or Management Accounting, or similar to the title of these papers with different nomenclatures.
==== Non
A person who is a non
He can appear directly for the CA Intermediate exams
He will be eligible for ICAI membership
He can start practicing as a
=== Post qualification of Intermediate Levels in ICSI or ICMAI ===
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== Responsibilities ==
▲
* Offers advice in financial planning.
* Planning budget and other financial system.
* Treasury and tax related advises.
* Performance of Annual financial audits.
* Assessing companies financial risk.
* Preparation of financial statements.
* Financial planning and forecasting.
* In case of any discrepancy, liaison with internal and external auditors.
== Curriculum ==
Following
=== Foundation Course ===
Includes four subjects of 100 marks
Paper Numbers 1 & 2 will be subjective type while paper numbers 3 & 4 will be objective type with negative marking.
Paper 1: Accounting
Paper 2: Business Laws
Paper 3: Quantitative Aptitude
Part 1: Business Mathematics
Part 2: Logical reasoning (
Part 3: Statistics (40 Marks)
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Paper 4: Business Economics
'''Qualifying Marks-''' Minimum of 40 marks in each individual subjects and aggregate of 50% is must to pass the examination. Failure in a single subject also leads to repetition of all subjects.
=== Intermediate Examination ===
The Intermediate Exam consists of
'''GROUP 1'''
Paper 1: Advanced Accounting
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Paper 3: Taxation
Section A: Income Tax Law (50 marks)
Section B: Goods and Services Tax (50 marks)
'''GROUP 2'''
Paper 4: Cost and Management Accounting
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Section B: Strategic Management (50 marks)
Marks needed to Qualify Charted Accountant (CA)
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There is a 30 marks MCQ for all Papers with no Negative marking.
Examination for Chartered Accountancy Intermediate Level are conducted each year in January, May and
=== Final Examination ===
The Final exam in Chartered Accountancy has 6 papers of 100 marks each, which are divided into three subjects in two groups. The exam duration for each subject is 3 hours. Duration of paper 6 is 4 hours.<ref>{{Cite web |last=Kachhap |first=Avik |date= |title=CA final exam |url=https://resource.cdn.icai.org/45573bos35679-final.pdf}}</ref>
'''GROUP 1'''
Paper 1: Financial Reporting
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Paper 3: Advanced Auditing, Assurance and Professional Ethics
'''GROUP 2'''
Paper 4: Direct Tax Laws and International Taxation
Paper 5: Indirect Tax Laws
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Paper 6: Integrated Business Solutions
All papers
The students have option to either opt of single group or both groups. However, for All India Ranks (Top 50), giving both groups is a must.
'''Qualifying Marks-''' Minimum of 40 marks in each individual subjects and aggregate of 50% is must to pass the examination. Failure in a single subject of a Group also leads to repetition of all subjects of that group. The benefit of set off is available when both groups exam is given but aggregate of one group does not make up 50%.
== Examination ==
The Examination by ICAI at Foundation, Intermediate and Final levels
== Registration and Examination Fee ==
Fee structure of CA for Self-studying students is listed below.
{| class="wikitable"
|'''CA Level'''
|'''CA Registration Fees'''
|-
|Foundation Level
|INR 9,000
|-
|Intermediate Level
|INR 18,000
|-
|Articleship Fees
|INR 2,000
|-
|ICITSS
|INR 7,000
|-
|Direct Entry
|INR 34,000
|-
|Final Level
|INR 22,000
|}
The examination fee for foundation course is Rs 1500. For both groups of Intermediate course the fee is Rs 2700, and for one group it is Rs 1500. For applying for Final group, exam fee is Rs 3300 for both groups and Rs 1800 for single group.<ref name="ch6">{{cite news |title=ICAI invites applications for May 2022 CA exam; apply at icaiexam.icai |url=https://www.firstpost.com/india/icai-invites-applications-for-may-2022-ca-exam-apply-at-icaiexam-icai-10397681.html |access-date=5 June 2022 |publisher=Firstpost |date=22 February 2022 |language=en}}</ref>
== Recognition ==
Chartered Accountants are eligible for courses to do Ph.D. in universities based in India, National Eligibility Test (NET) conducted by UGC and the award of Fellowship in Junior Research or Assistant Professor as the degree holders of Chartered Accountancy (CA) course are considered equivalent to Post Graduates by the UGC.<ref name="ch5">{{cite news |title=Those with certificates in courses such as CA and CS can now pursue PhD, teaching jobs. Here's how |url=https://www.edexlive.com/news/2021/oct/02/those-with-certificates-in-courses-such-as-ca-and-cs-can-now-pursue-phd-teaching-jobs-heres-how-24474.html |access-date=5 June 2022 |publisher=Edex Live |date=2 October 2021 |language=en}}</ref>
==
* [[Institute of Chartered Accountants of India]].
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<!-- Categories -->
[[Category:Accounting qualifications]]
[[Category:Indian accountants]]
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