How to become a CA 2020

 

Hi, friend, I am talking about how to become a ca (chartered accountant). first I am talking about a CA means a chartered accountant

CA (chartered accountant)

A chartered accountant (CA) working in a business and finance .it’s responsibilities include financial and management of taxation, accounting and auditing. More than 3 lac+ CA currently working in India. Mainly CA is in the private sector and some CA is working under the government sector. It is a 3 to the 5-year course with sometimes more 5 years is dependent on your practice or hard work.

CA salary

The salary depends on his/her skills, ability and experience. The average salary of a chartered accountant in India ranges from 6 lac to 30lac p.a. but international package up to the 85 lac more than that if you are a rank holder and clear in signal attempt passed student.

Eligibility criteria of CA

Any student qualified (10+2) senior examination or equivalent will be eligible to appear in the CA foundation exam which conducts by ICAI (Institution chartered accountant of India). The candidates whose result are awaited for the senior secondary level exam can also apply the CA foundation exam. But they provide their admit card of 12^th class.

What were the requirements of the minimum mark in 12 class?

There are no minimum marks required to appear in the CA foundation exam as per the eligibility criteria. The candidate should only be passed in the senior secondary examination

 

Recognized board

The list of recognized boards which are considered as equivalent to senior secondary examination as per the ICAI is as given below:

1. Board   of Intermediate Education, Andhra Pradesh

2.   Assam Higher Secondary Education Council

3.   Bihar School Examination Board

4.   Central Board of Secondary Education (CBSE)

5.   Chhattisgarh Board of Secondary Education

6.   Council for Indian School Certificate Examinations (CISCE)

7.   Goa Board of Secondary and Higher Secondary Education

8.   Gujarat Secondary & Higher Secondary Education

9.   Board of School Education, Haryana

10. H. P. Board of School Education

11. J & K State Board of School Education

12. Jharkhand Academic Council

13. Government of Karnataka Department of Pre-University Education

14. Kerala Board of Higher Secondary Education

15. Maharashtra State Board of Secondary & Higher Secondary Education

16. Board of Secondary Education, Madhya Pradesh

17. Council of Higher Secondary Education, Manipur

18. Meghalaya Board of School Education

19. Mizoram Board of School Education

20. Nagaland Board of School Education

21. Council of Higher Secondary Education, Orissa

22. Punjab School Education Board

23. Board of Secondary Education, Rajasthan

24. Tamil Nadu State Board of School Examinations

25. Tripura Board of Secondary Education

26. U. P. Board of High School and Intermediate Education

27. Board of School Education, Uttarakhand

28. West Bengal Council of Higher Secondary Education

29. Chhattisgarh State Open School

30. M.P. State Open School

31. National Institute of Open Schooling

32. Rajasthan State Open School

33. The West Bengal Council of Ravindra Open Schooling

34. Banasthali Vidyapith

35. Five Passes at GCE O Level/GCSE/IGCSE in A/B/C Grades and two passes at GCE ‘Advanced’ level

36. 2 years of higher education including Diploma course after passing class 10b conducted by Central or State Governments and are admitted or have passed graduation from a recognized university

37. Passed 10+2 from any university or board not covered above but recognized by Association of Indian Universities (AIU)

 

Different stages of CA course with effect from 2020, are

1.     CA Foundation Course

2.     CA Intermediate Course

3.     CA Article ship

4.     CA Final Course

 

Firstly You Need To Register Yourself for CA Foundation Course2020

 

First, CA Foundation registration process includes filling up basic details online at ICAI official website and attaining a registration number, user id, and password. Then study period for 4 months after your registration to appear to the exam.

Paper’s pattern

There are mainly four subjects is

• Paper 1: Principle and Practice of Accounting
• Paper 2: Business Laws and Business Correspondence and Reporting
• Paper 3: Business Mathematics and Logical Reasoning & Statistics
• Paper 4: Business Economics and Business and Commercial Knowledge

Passing marks – marking per subject 100 marks. You want to clear the ca foundation exam with 40% mark in each subject or 50% Aggregate.

Register Yourself for the Intermediate Course 2020

First, fill the form of the intermediate course

Paper’s pattern

 Intermediate Course is broadly divided into two groups. Where group 1 included 4 subjects of 100 marks each and group 2 also include 4 subjects of 100 each.

 CA Course Subjects –

There are 4 subjects in each group

Group 1

Paper-1: Accountant (100 Marks)

Paper-2: Corporate Laws & Other Laws (100 Marks)

• Part I: Company Law (60 Mark)
• Part II: Other Laws (40 Marks)

Paper-3 cost and management accounting (100 Marks)

Paper-4 Taxation (100 Marks)

• Section A: Income-tax Law (60 Marks)
• Section B: Indirect Taxes (40 Marks)

Group 2

Paper-5 advanced accounting (100 Marks)

Paper-6 auditing and assurance (100 Marks)

Paper-7 enterprise information systems & strategic management (100 Marks)

• Part I: Enterprise Information System(50 Marks)
• Part II: Strategic Management (50 Marks)

Paper-8: Financial Management and Economics for finance (100)

• Part I: Financial Management( 60 marks)
• Part II: Economics of Finance(40 marks)

Passing marks – marking per subject 100 marks. You want to clear the ca foundation exam with 50% Aggregate marks in all

Students of intermediate have to undergo ICITSS training for 4 weeks. The training can only be done after clearing one group of both groups, after the completion of training and clearing both the group.

 3. Article ship in CA:

 

After clearing the IPCC, you will have to do an internship of 3 years under a certified CA. The article ship is an opportunity to learn how accountancy is handled under an experienced Chartered Accountant.

4. Final Course:

During the last six months of your 3-year article-ship, you can appear for the final course exams. Once you have cleared the final course, you will be awarded the designation of Chartered Accountant.

CA Final Course Subjects –

There are 4 subjects in 2 group’s are-

Groups1

Paper 1: Financial Reporting

Paper 2: Strategic Financial Management

Paper 3: Advanced Auditing & Professional Ethics

Paper 4: Corporate & Economic Laws

·         Part 1- Corporate Laws

·         Part 2- Economic Laws  

 

Group 2

Paper 5: Strategic Cost Management & Performance Evaluation

 

Paper 6: Elective Paper

 

List of all Elective Papers:

       I.            6A- Risk Management

     II.            6B- Financial Services & Capital Markets

  III.            6C- International Taxation

  IV.            6D- Economic Laws

    V.            6E- Global Financial Reporting Standards

  VI.            6F- Multi-disciplinary Case Study

 

Paper 7: Direct Tax Laws & International Taxation

·        Part l - Direct Tax Laws

·        Part II - International Taxation

 

Paper 8: Indirect Tax Law

·        Part  I- Goods & Services Tax

·        Part II - Customs & FTP)

Now, clear this exam then you become a CA