How to become a C.A. in India?

 Over the years, the chartered accountancy profession has achieved rapid growth by virtue of quality professional services being rendered by its members and has come to occupy a prominent role in our economy and society. 

Entry Routes to CA Course

Under the scheme of education and training, a candidate can pursue chartered accountant course either through

(i) Foundation Course Route or

(ii) Direct Entry Route.

I. Foundation Course:

This is an entry to the CA course for the candidates who have appeared for class XII examinations.

Steps Under Foundation Route...

•Register with Board Of Studies (BOS) after appearing in class XII examination.

•Complete 4 months study period ( i.e. register till 30th June/ 31st December).

•Appear for foundation examination in November / May after passing 10 + 2 examination.

•Qualified foundation course.

•Register with the BOS for the intermediate course.

•Complete 8 months of study course.

•Appear and passed in either or both groups of intermediate course.

•Successfully complete 4 weeks integrated course on information technology and soft skills any time after registering for intermediate course but before commencement of practical training.

•Register for 3 years practical training on passing either or both the groups of intermediate course.

•Register for the final course after qualifying both the groups of intermediate course.

•Complete 4 weeks advanced integrated course on information technology and soft skills during the last two years of practical training but before appearing for the final exams.

•Appear in final examination during last six months of practical training.

•Complete practical training.

•Qualify both groups of final course.

II. Direct Entry Route:

The ICAI allow the following candidate to enter directly to the intermediate course:

A. Commerce graduates/post-graduates( with minimum 55%marks) or Other Graduates/ Post-graduates (with minimum 60% marks) and

B. Intermediate level passed candidates of institute of company secretaries of India and institute of cost accountants of India.

In brief, candidate for graduates / postgraduates in commerce having secured in aggregate grade in the examination conducted by any recognised University by studying any three papers carrying a minimum of 50 marks in a semester/year and cumulatively 100 or more marks over the entire duration of the concerned course out of accounting, auditing, mercantile laws, corporate, laws, economics, management, taxation, costing, business administration or management accounting or similar to the title of these papers with different nomenclature aur other than those falling under commerce stream has been secured in aggregate of minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognised university or 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 qualified foundation and can register directly to the intermediate course.

Candidates who are pursuing the final year graduation course can also register for the intermediate course on provisional basis and such students registration would be regularised and they can commence practical training only on submission of satisfactory proof of having passed the graduation examination with the specified percentage of marks within six months from the date of appearance in the final year of graduation examination and on successful completion of ICITSS ( ORIENTATION COURSE AND INFORMATION TECHNOLOGY). If such candidate fail to produce the proof within the Aforesaid period, his provisional registration shall stand cancelled and the registration and other fees paid by him shall not be refunded or adjusted and no credit shall be given for the theoretical education undergone. 

Steps Under Direct Entry Route...

A. Eligible Graduates and Post Graduates...

•Registered with the BOS for the intermediate course.

•Successfully complete four weeks ICITSS before commencement of the practical training.

•Register for 3 years practical training.

•Appear in the intermediate examination after nine months of practical training.

•Qualify intermediate course.

•Register for the final course after qualifying both groups of intermediate course.

•Successfully complete 4 weeks AICITSS during the last two years of practical training before appearing for final examination.

•Appear in final examination during last six months of practical training.

•Complete practical training.

•Qualify both groups of final course.

B. Students who have passed intermediate level examination of the institute of company secretary of India or the institute of cost accountants of India...

•Register with the BOS for the intermediate course.

•Complete 8 months of study course.

•Appear and passed in either of both groups of intermediate course.

•Successfully complete 4 weeks ICITSS any time after registering for intermediate course but before commencement of the practical training.

•Register for 3 years practical training on passing either or both the groups of intermediate course.

•Register for the final course after qualifying both the groups of intermediate course.

•Successfully complete 4 weeks AICITSS during the last two years of practical training before appearing for final examination.

•Appear in final examination during last six months of practical training.

•Complete practical training.

•Qualify both groups of final course.

Papers of Foundation Course

Paper 1: Principles and Practice of Accounting.

Paper 2: Business Laws & Business Correspondence and Reporting

Section A: Business Laws.

Section B: Business Correspondence and Reporting.

Paper 3: Business Mathematics and Logical Reasoning & Statistics

Part I: Business Mathematics and Logical Reasoning.

Part II: Statistics.

Paper 4: Business Economics & Business and Commercial Knowledge

Part I: Business Economics.

Part II: Business and Commercial Knowledge.

Papers of Intermediate Course:

Group I

Paper I: Accounting.

Paper II: Corporate & Other Laws

Part I: Company Law.

Part II: Other Laws. 

Paper III: Cost and Management Accounting.

Paper IV: Taxation

Part I: Income-tax Law.

Part II: Indirect Taxes.

Group II

Paper V: Advanced Accounting.

Paper VI: Auditing and Assurance.

Paper VII: Enterprise Information Systems & Strategic Management

Section A: Enterprise Information Systems.

Section B: Strategic Management.

Paper VIII: Financial Management & Economics for Finance

Section A: Financial Management.

Section B: Economics for Finance.

Papers of Final Course

Group I

Paper 1: Financial Reporting.

Paper 2: Strategic Financial Management.

Paper 3: Advanced Auditing and Professional Ethics.

Paper 4: Corporate and Economic Laws

Part I: Corporate Laws.

Part II: Economic Laws.

Group II

Paper 5: Strategic Cost Management and Performance Evaluation.

Paper 6: Elective Papers ( One to be chosen from the list of elective papers) 

List of Elective Papers

A. Risk Management.

B. Financial services and capital markets.

C. International taxation.

D. Economic laws.

E. Global financial reporting standards.

F. Multi-disciplinary case study.

Paper 7: Direct Laws & International Taxation

Section A: Direct Tax Laws.

Section B: International Taxation.

Paper 8: Indirect Tax Laws

Section A: Goods and Services Tax.

Section B: Customs & FTP.

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