Top Chartered Accountancy Courses – Career, Salary & Job Opportunities

High Salary Chartered Accountancy Courses: The profession of CA (Chartered Accountant) is financially rewarding and challenging at the same time. During this article, you will be reading concerning chartered accountancy course details, eligibility criteria, further studies & courses, career prospects, and job opportunities.

In India, CA education and training are managed by ICAI. ICAI stands for The Institute of hired Accountants of India. it’s the body responsible for maintaining the quality of the CA course and education in India. If one desires to attain the qualification of CA in India, he/she should complete the training and get himself/herself registered with the ICAI. Membership needs to be renewed annually.

What are the functions of a CA, you’ll ask? Basically, as the term chartered accountant suggests, CAs deal with auditing, accounting, and finance management. These are their primary tasks. However, depending upon specialization, they will venture into other areas too, like- Law, risk assessment, Investment banking, etc.

Chartered Accountancy Eligibility Criteria:

Students who have passed 10+2 from any stream (Science/Commerce/Arts) are eligible to pursue the CA course. Graduates or Post Graduates who have completed three or four years long Bachelor’s degree program from a reputed institute are eligible to pursue this course.

Commerce stream students can find CA course comparatively comfortable to deal with. this is due to the fact that the course consists of subjects like Accounting and Finance, that are present in eleventh and twelfth commerce stream schooling.

Despite the above-mentioned fact, students from any stream, after 10+2, may provide this course a try. The same condition applies in the case of graduates and postgraduates.

Wondering what CA course structure is like? wish to understand check out the course duration? allow us to check out the course details and you may get answers to all the queries mentioned above.

Career Options in Chartered Accountancy:

CA course will be divided into 3 main levels. they’re as follows:
CPT (Common Proficiency Test)
IPCC (Integrated professional competence Course)
CA Final Course

CPT is the entry-level test. IPCC is the 1st stage of theoretical education and the Final course is the final stage of theoretical education. solely on finishing the above three stages, a candidate is said to have finished the course. There are no regular colleges (like in case of other professional courses) offering CA course. One should apply on-line, pay the fees and prepare like one is in ‘correspondence’ mode. Yes, one could take coaching and coaching provided by CA tutors. duration to complete the whole course depends on one’s ability. Generally, it may be wrapped up in five years.

Complete Details of Chartered Accountancy Courses:

Common Proficiency Test (CPT:

Common Proficiency Test (CPT) which is meant within the pattern of entry-level test for engineering, medical and other professional courses. it’s a test of four hours period comprising of 2 sessions of two hours each, with a break between 2 sessions. The test includes objective type queries solely with negative marking for selecting wrong choices. CPT syllabus embodies the subsequent subjects:

Fundamentals of Accounting
Mercantile Laws
General Economics
Quantitative Aptitude

Note (CPT Exemption Rule): Students who are Graduates/ Post Graduates in Commerce having secured in mixture a minimum of 55% of the whole or its equivalent by studying any 3 papers of 100 marks every out of Accounting, Auditing, Mercantile Laws, company 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 beneath Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade within the examination conducted by any recognized University (including Open University).

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). Such students will directly register to the Intermediate (IPCC) Course, which is the first stage of theoretical education.

IPCC:

This is the first stage of theoretical education in the CA course. This level focuses on theoretical data concerning accounting and related subjects. This theoretical course is followed by a training session (articles) and a final course.

IPCC Syllabus:

Accounting
Business Laws, Ethics and Communication
Cost Accounting and Financial Management
Taxation
Advanced Accounting
Auditing and Assurance
Information Technology and Strategic Management

Students who are pursuing the final year Graduation Course can even register for the Intermediate (Integrated Professional Competence) Course on provisional basis and such students, registration would be regularised and that they will start articled training solely on submission of satisfactory proof of having passed the Graduation examination with the desired percentage of marks within six months from the date of appearance within the final year graduation examination.

While going through IPCC, a candidate conjointly needs to complete thirty-five hours of the orientation program and a hundred hours of ITT (Information Technology Training). ITT consists of computer knowledge, MS office programs, ICAI CA software, E Filing, web Technology, Accounting package, project work, etc.

After going through the above-mentioned stages and completing them, a candidate then has to join three years long practical training at an auditing firm or accountancy firm. This practical training is known as ‘articleship’. A candidate is entitled to a stipend while he/she goes through this educational program. during practical coaching, a candidate conjointly needs to complete 2 courses on General Management and Communication Skills. after qualifying each group of IPCC and completing the training program, a candidate could join the CA final course.

Final Course:

The last leg of the chartered accountancy course is Final Course, designed to impart knowledgeable data in monetary reportage, auditing, and skilled ethics, taxation, corporate laws, system control, strategic finance and advanced management accountancy. practical knowledge is given much importance during this stage.

Syllabus:
Advanced Auditing and Professional Ethics
Corporate and Allied Laws
Financial reporting
Strategic Financial Management
Advanced Management Accounting
Information Systems Control and Audit
Direct Tax Laws
Indirect Tax Laws

ALSO READ: COMPUTER COURSES TO GET A JOB

Top 5 Best Chartered Accountancy Books:

SR.NO.

BOOKS FOR CHARTERED ACCOUNTANCY COURSES

BUY LINKS

1.

Audit of a CA

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2.

You Can Be a Successful Chartered Accountant : No Matter How Many Attempts It Takes to Clear the Exams

BUY HERE

3.

Journey of CA Made Easy: A Guide for CA Students

BUY HERE

4.

The Accountants’ Manual …: Being the Questions Set at Institute of Chartered Accountants’ Examinations …, Volume 10…

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5.

Strategic Management for Chartered Accountants

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Chartered Accountancy Courses

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Aftab Dawa

Founder & Developer at ctet.co.in. We love helping people and providing free education. You may join me on Facebook.

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