|How to become CA in India – Startup ideas|
Chartered Accountant is the trading stream’s most reputed course. Therefore, mostly every commerce student dreams of being a successful Chartered Accountant and wants to know how to become a CA (chartered accountant) in India but it’s not that easy to become CA. The career path towards becoming a Chartered Accountant (CA) is challenging but promising. You’ll have to spend 5 years learning to become a CA. This course requires complete dedication, hard work, and passion.
CAs are in good demand within both private and public organizations in India. A chartered accountant is hired to handle an organization’s account details. We’re sharing a guide here with you that will surely help you become a successful Chartered Accountant. If you are planning to pursue this career then it is a better idea to start after class 10. Find out the career details of a CA below:
Examination and courses to become a CA:
1) CPT (Common proficiency test)
2) IPCC (Integrated professional competence course)
3) Final course
- Candidates are eligible for CPT registration after class 10, but only after passing class 12 will they will be able to appear for it.
- Students of commerce, science as well as arts stream can apply for CPT.
- In order to qualify for CPT, Commerce Stream students need to secure 50 percent aggregate marks in Class 12 exams.
- Students from all other streams must score an aggregate of 55% excluding mathematics and 60% including mathematics in Class 12 board exams.
- Candidates become a member of the Indian Chartered Accountants Institute (ICAI) – the examination and course leading body for all CAs in India upon successfully clearing the CPT exam.
Chartered Accountancy’s vast syllabus is divided into 4 steps-
1) Requirement for ATC
2) Appling for IPCC (Integrated professional compentence course)
3) Article training (3 years)
4) CA final
Requirement for ATC(Accounting Technician Course):
- Candidates must register for the ATC after clearing the CPT. The same can be done after 10 + 2 clearance.
- Candidates with Entrance Examination or Professional Education (Examination-I) or Foundation Examination already cleared will be eligible to register for ATC.
- Candidates who have previously enrolled in the Intermediate / Intermediate (Professional Competence)/Professional Education (Course-II) program may apply for ATC.
Applying for IPCC:
- To apply for an IPCC program, candidates must have scored at least 100 out of 200 marks in CPT after class 12.
- IPCC registration must be dome nine months prior to the first day of the month in which the examination will take place.
- There are 7 subjects in the courses, each worth 100 marks. You will need to score at least 40 marks in each subject and an aggregate of 50 percent or higher in order to clear the course.
- Scoring 60 marks and above in any topic will exempt you from reappearing for that particular topic in case you fail the course and plan to return to the examinations.
You will need to do a 3-year internship under a certified CA after clearing the IPCC. The articleship is an opportunity to learn how an experienced CA handles accountancy.
You may appear for the final course exams during the last six months of your 3-year articleship. Once the final course has been cleared, you will be awarded the Chartered Accountant designation.
After completing the final course, the average starting salary of a CA varies from Rs. 4 to 6 lakh per year. The salary depends on the city and business with which you are employed.