Do you want to become a CA but as of now you do not know how to become a CA and what you should do to become a CA, then there is no need to worry. You have come to the right place.
Through this article, we are going to tell you what CA is and how to become a CA by step by step procedure. Apart from this, inside this article, we are also going to provide information about the required qualifications, exams, and job prospects.
What is CA (Chartered Accountant)?
The full form of CA in English is a chartered accountant. CA’s job is to prepare financial accounts, analyze audit accounts, do tax-related work, and provide financial advice. All these things will be taught to you in the examination before becoming a CA. Once anyone completes CA studies, then he starts getting jobs from big multinational companies.
Qualification to become a CA:
After passing the tenth, you can fill the application for the CA CPT entrance exam.
But the CA exam has to be given after passing the 12th.
Students of Arts, Commerce, and Science can apply for this examination and take the exam.
How to become a CA in India (Chartered Accountant)
Pass 12th
After passing the 10th exam, you can apply for the Foundation Course Examination directly. Apart from this, you can also apply after the 12th. But in this exam, you can sit only after the 12th standard. And there is no need for too many Marks.
Register for Foundation Course Examination
The first foundation course was named CPT and it is an entry-level test. Which happens every year in May and November. You can register by going to the website of the institute of chartered accountants of India (ICAI).
Clear the Foundation Course Test
Once you register for the foundation course test, after that you will have to sit in this exam and clear this foundation course test. In this exam, you will be asked questions on Accounting, Mercantile Law, Business Economics and General English, etc.
There will be a total of 4 papers in this exam of 100-100 marks. And each paper will be of 3 hours. Apart from this, you should have 40% marks in each subject of the exam and total marks should be above 50%.
Register for Intermediate Course
Once you register the CA Foundation course and clear it by bringing good marks in all the exams, then you have to register for the intermediate course. This course is also called IPCC. It has a full form of integrated professional competency course.
Clear Intermediate Course
This is the 5th step on the way to becoming a CA. For this reason, to reach the next stage, it is very important to first clear the intermediate course. Apart from this, you can reach a further stage without clearing the intermediate course, the information about it is given below.
Apply for CA Articleship
When you pass all the intermediate course exams, then you have to take 3 years of CA training. Let me tell you that after completing it completely, you can apply for the final examination to become a CA. Like you have to complete an advanced integrated course for information technology and soft skills.
Clear the CA Final Course
You can give the CA final exam 6 months before 3 years of practical training of articles. You will have to work hard for this exam. Because this is the most difficult exam. This exam is divided into two groups, Group 1 and Group 2.
1. Group 1 will have 4 papers namely Financial Reporting, Strategic Financial Management, Advanced Auditing, and Professional Ethics, and Corporate and Allied Laws.
2. Group 2 will also have four papers Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Loss, and Direct Tax Laws.
If you are a graduate or post-graduate from commerce stream and you have 50 percent marks or 60% marks from other streams, then you can directly apply for a second step or intermediate course and go on to become a CA from there.
