Is managing finance and accounts something you really think you would enjoy? And does the industrious and intelligent person in you rightly complement your passion for understanding the country’s economic milieu? Well, then you are just the right person to be a Chartered Accountant! With rapid growth in Indian economy, Chartered Accountants are in great demand today. Being the ones responsible for handling accounts and finance related matters, dealing with money management, preparing analysis and audit accounts along with providing financial, advice, the Chartered Accountants hold key positions in various companies. This makes Chartered Accountancy one of the most sought after careers in India.
Requirements to become a Chartered Accountant:
1. Through CPT route:
(i) Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th
examination conducted by an examining body constituted by law in India or an
examination recognized by the Central Government as equivalent thereto.
(ii) Appear in CPT examination after appearing in the Senior Secondary Examination (10+2
examination) conducted by an examining body constituted by law in India or an
examination recognised by the Central Government as equivalent thereto and after
completion of specified period (60 days) from the date of registration for CPC with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or
before 1stApril/1st October will be eligible to appear in June/December examination, as the case may be.
(iii) Join Intermediate (IPC) Course/ATC after passing CPT and 10+2 examination.
• Undergo Orientation Programme
• Complete 100 hours ITT
• Students are advised to undergo Orientation Programme and complete 100 hours ITT at the earliest but these are to be completed compulsorily before
commencement of their articleship.
• Appear in Intermediate (IPC) Examination/ATE on completion of 8 months of study course as on first day of the month in which the examination is to be held
• Join articled training after passing either Group I or Both Groups of Intermediate
• Undergo First General Management and Communication Skills (GMCS) course (15 days) during the first year of articled training.
• Undergo Second General Management and Communication Skills (GMCS) course (15 days) after completion of 18 months of articled training but before completion of articled training. Alternatively, attend Four Week’s Residential Programme on
Professional Skills Development.
• Clear Group II of Intermediate (IPC) Examination if not done earlier.
(iv) Join CA Final Course:
• After passing Intermediate (IPC) Examination register for Final course with the
Board of Studies;
• Collect study material of the Final course and prepare for the Final examination;
• Complete Advance Information Technology Training during the third year of
practical training but before appearing in the Final Examination;
• Complete articled training of 3 years.
(v) Appear in the final examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held.
(vi) Pass final examination and complete GMCS II, if not completed earlier.
(vii) Enrol as a member of the ICAI and be designate as “Chartered Accountant”.
As a Chartered Accountant, you may specialize in the following :
Financial Accounting : It mainly deals with keeping financial records, such as operating accounts, doing internal audits, sending invoices etc.
Auditing : It is the most important task of a CA. It mainly involves the examination and verification of the accounts of their employers/clients and thereby certifying that the accounts are fair.
Cost Accounting : It refers to the working out of the cost of production, preparing budget, forecasting costs and monitoring expenditures and analysis of the same.
Tax Management : It refers to the optimizing of the firmâ€™s financial framework and coping with the taxes on behalf of the firm.
Consultancy : It provides a good scope for those of you willing to take up challenges. Consultancy may range from corporate law advice, project planning to business advice and more.
Management Accounting : It involves the collection, collation, checking and cross-checking of data from every nook and corner of the company for a regular critical analysis of the present financial state of the company and comparing it with the past, in order to chalk out future strategies.
So, if you are sure to take up CA as your career, you can always expect an interesting and probing profession but involving a lot of hard work.
The Institute of Chartered Accountants of India (ICAI), conducting the course has its headquarter at New Delhi and regional offices at Kanpur, Mumbai, Kolkata and Chennai in addition to 81 branches spread all over the country. You can sit for the CPT soon after the completion of 10+2 examination.
If you wish to enrol yourself for the course, you
Must be at least 18 years of age
Must have completed the 10 month duration â€˜Foundation Courseâ€™ conducted by ICAI.
Must be a graduate or post graduate in subject that qualifies for exemption from the foundation course.Graduates in commerce require 50% marks, graduates, without mathematics need 55% marks, while for non-commerce graduates with mathematics, the criterion is 60% marks.
If you are a Chartered Accountant you can always expect a very fruitful and rewarding career, with numerous avenues to venture into. You get the option to be appointed as the auditor of a company, or even a management and corporate caretaker. You may also indulge in their private practice of audit and consultancy, and earn a lump-sum from it. The consultancy work is becoming more and more profitable nowadays. Besides this, you may also efficiently provide services in areas like corporate law advice, project planning and finance, amalgamation and business advice. But the best part is that it is one of those professions where returns are sky-high and job-status is envious, be it in public or private sector or the consultancy firm!
The Institute of Chartered Accountants of India
‘ICAI BHAWAN’, Indraprastha Marg, NEW DELHI -110002
Tel – +91(11)30110450 / 30110491, Fax – +91(11)30110583
Email : email@example.com, firstname.lastname@example.org
The Institute of Chartered Accountants of India
‘ICAI BHAWAN’,7, Anandilal Poddar Sarani, (Russell street)
Kolkata – 700 071, Telephone Direct – +91 33 3021 1102
Phone :Â +91 33 3989 3989 Ext. 102, Fax :+91 33 30211145
Email : email@example.com, firstname.lastname@example.org, email@example.com
THE INSTITUTE OF COST & WORKS ACCOUNTANTS OF INDIA
12 ,Sudder Street ,KolKata – 700 016
Phone: 033-2252 1031/34/35,22521602,22521492
Fax: 91 33 2252 7993 / 91 33 2252 1026
Email: Email: firstname.lastname@example.org Website:www.icwai.org
3 ,Institutional Area Lodhi Road ,New Delhi – 110003
Phones : 011-24622156, 24521492
Fax : 011-43583642, 24622156, 24618645