User:Exclamation2022/sandbox/Chartered Accountant (India)

Chartered Accountant (India) is educational course conducted by Institute of Chartered Accountants of India for qualifying students to become professional accountants.

History

Chartered Accountant was started as regulated and organized body of accountants from 1st July 1949.

Education

After completion of 12th,Graduation or Post Graduation.

Eligibility after 12th

Students first need to Apply for the foundation course after having completed their +2 board exam (any stream) from an educational institution that has been given recognition by the UGC

Step 1

They need to enroll for the Common Proficiency Test(CPT) through ICAI,and after minimum of two months of registration,they will be eligible to sit for the CPT exam.

Step 2

After passing CPT, they'll become qualified to join the IPCC (Integrated Professional Competence Course) which is for 9 months and needs to be completed in order to become eligible for the Information Technology Training (ITT) and Orientation Programme ,of which 100 hours and 35 hours need to be completed respectively.

Step 3

Post IPCC completion , they need to partake in Articleship,which is a 3 year practical training stage,this they can do so by passing the Group 1 exam of IPCC. They can crack the Group 2 exam of IPCC during Articleship.

Step 4

After passing both group exams, students become qualified for the registration of the Final Course of CA,and in the last six months of this course , they can appear for and pass the CA Final Exam(Group 1 and 2)

After clearing all the steps mentioned above along with their final exam of CA, students will be able to complete Articleship and by then be able to qualify to become members of ICAI .

Once their registration with ICAI and membership obtainment is complete, they can officially call themselves a Chartered Accountant.

Eligibility after Graduation

• Graduates are exempted from CPT,so you can directly appear for the IPCC exams post 9 months of registration.

• After Passing the IPCC exams, you can directly register for the CA Final Course to clear the CA Final Exam.

Completion of all the steps above including Articleship makes you eligible for ICAI membership. After registering with ICAI and obtaining the membership, you can start your practice as a Chartered Accountant.

Commerce Graduates can directly apply for CA Intermediate Course if;

• Minimum pass percentage is 55 percent while clearing graduation,and

• Have strong knowledge in subjects of Accounting, Corporate Law, Mercantile Law, Auditing and Economics, among other fields of commerce

For non commerce graduates, at least 60% aggregate from a UGC-recognised educational institution is needed.

Eligibility after Post-Graduation

You Can directly apply for CA Intermediate Course

1.Foundation:

• Exam held twice a year.

• Post clearance of exam, you can enroll for the CA Intermediate Course incorporating 8 months of learning period.

• Failures are permitted to reappear for the foundation exam.

Inter:

• Exam held twice a year.

Final:

• Exam held twice a year.

• You need to apply for foundation course after passing plus 2 board exam with any stream,

Work of a Chartered Accountant

• Giving financial guidance

• Management of financial systems and budgets

• Resolving tax and treasury issues

• Running financial audits annually

• Analyzing financial risk of companies

• devising financial statements

• Forecasting and financial planning

• Liaising with internal and external auditors in case of discrepancies

Post completion of the above procedures, you can select from various options available in the public and private sectors. Your preferred choice of area will be commerce, financial services, banking, business analysis, public limited companies and law firms.

Types of CA Posts:

• Account managers: They manage the everyday accounting operations conducted at the public and private firms by supervising, monitoring and analyzing accounting data and financial statements.

• Taxation experts: They look for ways to reduce their clients’ tax liabilities. Their responsibilities include preparing all tax compliance, assisting in audits and responding to tax correspondence. They also estimate taxes on different investment portfolios and ensure that tax returns are filed in accordance with the tax authorities.

• Accountants: They check financial statements ensuring accuracy and compliance with existing regulations and laws, and are responsible for handling tax-related tasks.

• Auditing experts: These professionals help auditors secure sufficient as well as appropriate audit evidence. They can be classified as internal auditors and external auditors. Internal auditors are employed by a firm, while external auditors work for outside audit firms.

External links

• www.example.com