CA Preparation After 10th:
The Institute of Chartered Accountants of India regulates the
CA course
, which is considered one of the best courses after passing the Class 10th exam, and to become a CA in India, one must complete this course.
According to ICAI, students can now register for the CA Foundation courseusing a provisional certificate obtained during their 10th class, requiring a commitment of 6.5 years to become a CA, as the eligibility to apply for the
CA Exam
is after completing the 12th class.
CA Preparation After 10th Overview
The table below gives an overview of CA Preparation after 10th:
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CA Preparation After 10th Overview
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Particulars
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Details
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Course Name
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Chartered Accountancy
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Degree
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Certification
|
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Conducting Body
|
ICAI
|
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Course Routes
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Foundation Course or Direct Entry
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Eligibility
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Foundation Route: After Class 12
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Direct Entry Route: Graduation
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Areas of Employment
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Taxation, Audit, Banking, Finance, Management, etc.
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CA Course Duration after 10th
According to the new amendments by ICAI, students can now register for the CA course using their provisional certificate obtained in the 10th standard. The CA course revised process enables students to apply for the CA Foundation course, which was previously restricted to those who had completed their 12th class.
Consequently, if a student is studying in the 10th class in 2023, candidates would need to commit to a period of 6.5 years to become a CA.
Let us break it down into a step-by-step process to understand better why it would take 6.5 years to complete the CA course after the 10th standard.
Step 1:
First, the student must clear the 10th and 12th standards, which typically takes two years.
Step 2:
After completing the 12th standard, they can proceed to clear the Foundation level, which requires an additional four months.
Step 3:
Once the
CA Foundation
is cleared, the student can move on to the Intermediate level, which usually takes around eight months to complete.
Step 4:
Finally, upon clearing the Intermediate level, the student can embark on the Finals, the last stage of the CA course, which typically takes approximately 3.5 years to finish.
Combining the durations of each step, it becomes evident that the total time required to become a CA after the 10th standard is approximately 6.5 years.
CA Preparation After 10th Step-by-Step Process
To become a Chartered Accountant (CA) after completing 10th grade, you must follow a step-by-step process. First, you must complete your 10+2 or equivalent education from a recognized board. Once you have accomplished this, you can proceed with the following steps:
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Register for the Common Proficiency Course: After completing the 10th class, you can register for the CPC. You can complete the registration online on the ICAI's official website or through the regional offices.
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You must clear the 10+2 exam or its equivalent from a recognized board or institution to qualify for the next level.
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Enrol in the Integrated Professional Competence Course (IPCC): After clearing the 10+2 examination, you can enrol in the IPCC. The IPCC consists of two groups, and you have the option to appear for both groups simultaneously or individually. It is advisable to undergo coaching or join a study circle to prepare for the IPCC.
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Secure a position as an article assistant: Along with the IPCC registration, you need to secure a position as an article assistant under a practicing chartered accountant. The articleship period typically lasts three years, during which you gain practical experience in the field.
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Clear the IPCC examination: To proceed to the next level, you must clear both groups of the IPCC examination.
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Enroll for the CA Final Course: Once you have cleared the IPCC examination, you can enroll for the CA Final Course.
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Complete the CA Final Course and articleship: Undergo the CA Final Course and continue your articleship for the remaining period, if any, after passing the IPCC examination.
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Clear the CA Final examination: After completing the CA Final Course and fulfilling the required practical training, you can appear for the CA Final examination.
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Register as a member of ICAI: Upon successfully clearing the CA Final examination and completing the required practical training, you can register as a member of the ICAI and become a Chartered Accountant.
How to Begin CA Preparation After 10th
Preparing for the qualifying exam requires months of sincere practice and dedication, and it is crucial to establish a regular study and revision schedule. If you have enrolled in a preparatory course, the preparations and training typically commence several months prior to the qualifying exam, providing ample time for sufficient practice before the test.
To enhance your preparation, it is advisable to examine the
CA syllabus
and evaluate your understanding of each module after completing its study. Proactively testing yourself on the material will further solidify your knowledge and readiness for the exam.
Research for CA Preparation After 10th
To become a CA professional, you must embark on a journey that involves choosing a path aligned with your interests and professional goals. Within the broad spectrum of chartered accountancy, numerous options await exploration. These options encompass areas such as Audit and Assurance, Corporate Finance, Forensic Accounting, Insolvency, and Tax.
Determining the type of professional career you aspire to achieve with a chartered accountancy qualification is crucial in selecting the appropriate training and identifying the ideal organizational setting for your future endeavors. Additionally, considering the specific nature of work, you desire as a chartered accountant opens up many opportunities across both the public and private sectors.
For instance, you can play a pivotal role in shaping a school's budget, overseeing an organization's financial resources, participating in criminal prosecutions, or providing tax filing advice to charitable organizations.
Extra Classes for CA Preparation After 10th
In addition to your regular subjects, you can strengthen your foundation in quantitative methods and prepare for the CA exam by taking relevant CA Subjects such as statistics, auditing, taxation, and finance. These weekend courses or extra accounting classes provide a great opportunity to enhance your skills.
By completing a preparatory course, along with your 10th class, you can create a firm foundation for the profession of a chartered accountant. Furthermore, enrolling in a chartered accountancy preparatory program is another beneficial step. These programs offer dedicated CA exam courses and help you focus on acquiring the skills necessary to succeed in the CA exam and excel in your career.
CA Syllabus for CA Preparation After 10th
To become a CA after the 10th, you must follow a structured CA syllabus comprising three levels: the CA Foundation Course, the CA Intermediate Course, and the CA Final Course.
The CA Foundation Course covers four papers. The first paper focuses on Principles and Practices of Accounting, followed by Business Laws and Business Correspondence and Reporting in the second paper. The third paper combines CA subjects Business Mathematics, Logical Reasoning & Statistics, while the fourth paper encompasses Business Economics and Business and Commercial Knowledge.
Moving on to the CA Intermediate Course consists of 8 papers divided into two groups. Group 1 covers Accounting, Corporate, Other Laws, Cost and Management Accounting, and Taxation. Group 2 includes Advanced Accounting, Auditing & Assurance, Enterprise Information Systems & Strategic Management, and Financial Management & Economics for Finance.
Lastly, we have the CA Final Course, which comprises eight papers divided into two groups. Group 1 entails Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, and Corporate and Economic Laws. Group 2 consists of Strategic Cost Management and Performance Evaluation, an Elective Paper (with options like Risk Management and International Taxation), Direct Tax Laws & International Taxation, and Indirect Tax Laws.
Each paper within these courses has a specific syllabus available on the website of the ICAI. The syllabus at each level is designed to cover the necessary topics and skills required to become a proficient Chartered Accountant.
CA Exam Pattern CA Preparation After 10th
CA Foundation
The
CA Foundation exam
consists of four papers, each carrying 100 marks. The first two papers are subjective in nature, while the remaining two are objective. Negative marking is applicable to the objective papers, resulting in a deduction of 1/4 of a mark for every wrong answer.
CA Intermediate
Moving on to the
CA Intermediate exam
pattern
for May 2023, we find 8 papers divided into two groups. Each paper has a combination of objective and subjective questions, and students are given 3 hours to complete each. With each paper 100 marks, the total marks for the CA Intermediate exams is 800.
CA Final
Now let's discuss the
CA Final Exam
, which consists of two groups and eight papers, each carrying 100 marks. To pass the exams, students must score at least 40 marks on each paper and a total of 400 marks. Notably, there is no negative marking for this examination. The question formats include both descriptive and objective questions. The subjects for the CA Final Exam 2023 are as follows:
Group: 1
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Financial Reporting (for 100 Marks)
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Strategic Financial Management (for 100 Marks)
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Advanced Auditing and Professional Ethics (for 100 Marks)
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Corporate and Economic Laws Part I: Corporate Laws (for 70 marks) Part II: Economic Laws (for 30 marks).
Group: 2
Strategic Cost Management and Performance Evaluation (for 100 Marks)
To participate in the CA Final exam, candidates must register on or before July 1, 2023, for the November/December 2023 exams.
