Subjects Needed to Become A Chartered Accountant in India

Chartered Accountant in India: Becoming a Chartered Accountant in India is a path marked by respect, prestige, and significant financial rewards. In a population of 130 crores, there are currently 2.8 lakh Chartered Accountants, highlighting the exclusivity of this profession. The journey to becoming a CA is no easy feat, demanding dedication, hard work, and talent. While the process can take years, early preparation is key to achieving this prestigious designation in the minimum possible duration.

List of Subjects to Become a Chartered Accountant in India

1. Commerce With or Without Maths:

• Base in Accounting: Commerce students have an advantage as their subjects align with the CA entrance test, providing a solid foundation, particularly in Accounting.
• Maths in CA Foundation: Maths is like icing on the cake for Commerce students, as it is a compulsory subject in the CA Foundation exam. This inclusion makes the CA journey relatively smoother for commerce students.
• Board Considerations: CBSE or ICSE board students, who inherently include maths, are well-positioned for CA. On the other hand, state board students have options in commerce, but those not opting for maths may need to put in a bit more effort during CA Foundation preparation.

2. Science With Maths:

• Maths Advantage: The CA Foundation/CPT entrance test heavily features Maths, giving a significant advantage to Science students with a Maths background. They can navigate through Maths and Stats independently, avoiding the challenges faced by commerce students.
• Self-Study in Maths and Stats: Science students, equipped with a strong foundation in Maths, find it easier to handle the quantitative aspects of the CA exam without relying extensively on mentorship or ICAI study materials.
• Challenge in Law: While Law poses a new challenge for every student, the familiar terrain for Science students lies in subjects like Accounts and Economics.
• Study Period for CA Foundation: Upon registration for the CA Foundation course, students receive a generous 4-month study period. With proper guidance, this timeframe proves ample to grasp the remaining subjects.

3. Science Without Maths:

• Challenges in Accounts and Economics: Science students without Maths are disadvantaged in studying subjects like Accounts and Economics, which are essential in the CA curriculum.
• Additional Struggle for Business Maths: Being a non-maths student adds an extra layer of challenge, especially when dealing with subjects like Business Maths, Logical Reasoning, and Statistics in CA.

4. Other various subjects to become a Chartered Accountant in India

1. Mathematics
2. Accounting and Taxation
3. Financial Accounting
4. Banking and Finance
5. Insurance and Banking
6. Banking Management
7. Applied Economics
8. Business Economics
9. Insurance Management
10. Tax Procedure and Practice
11. Information Technology
12. Computer Application
13. Advanced Accountancy
14. Accounting and Finance
15. Information Technology and its Application in Business

CA Foundation Subjects

1. Accounting
2. Business Laws
3. Quantitative Aptitude 
4. Business Economics 

CA Intermediate Subjects

1. Financial Reporting
2. Advanced Financial Management
3. Advanced Auditing, Assurance And Professional Ethics 

1. Direct Tax Laws & International Taxation 
2. Indirect Tax Laws Part I: Goods and Services Tax Part II: Costumes & FTP 
3. Integrated Business Solutions (Multi-Disciplinary Case Study With Strategic Management)