CA Full Form, Course Details, Eligibility Criteria, Roles
Mridula Sharma14 Oct, 2024
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CA Full Form is "Chartered Accountant", a prestigious global designation awarded to accounting experts worldwide. Chartered accountants specialize in key areas such as audit and assurance, financial accounting and reporting, management accounting, and applied finance or taxation.
Holding a CA credential signifies the individual's capability to handle tasks like filing tax returns for businesses, auditing financial statements and operational procedures, and offering valuable client advisory services. This qualification showcases expertise and competence in accounting, making the CA designation highly reputable internationally.CA Full Form
CA Full form for Chartered Accountants is a designation held by professionals in the accounting field. The origins of this designation trace back to the establishment of the first professional body known as CA Full Form . Chartered Accountants, recognized globally, are affiliated with various organizations, including the ICAI (Institute of Chartered Accountants of India). The Chartered Accountancy course is a comprehensive program covering financial analysis, auditing, taxation, and business accounting. In India, the ICAI plays a crucial role in overseeing the functioning of this professional course.CA Eligibility Criteria
To become a certified Chartered Accountant (CA), candidates must undergo a training process and pass exams at three levels organized by the Institute of Chartered Accountants of India (ICAI).Eligibility for CA Foundation Enrollment
Candidates must have successfully completed their 10+2 education. After registering for the CA program, they are required to complete a four-month study period before they can sit for the CA Foundation exam. It is essential for candidates to register with the ICAI Board of Studies to initiate their study period.Eligibility Criteria for Direct Entry into CA
Graduates or postgraduates from the commerce stream can enroll directly if they have achieved at least 55% marks in aggregate. They should have studied relevant subjects such as accounting, mercantile laws, auditing, corporate laws, direct and indirect taxation, as well as cost and business management. For those with a non-commerce background, a minimum of 60% marks from a recognized university is required for direct entry. Individuals who have completed the intermediate level from the Institute of Cost Accountants of India are also eligible for direct admission to the CA intermediate level. Additionally, candidates in their final year of graduation may apply on a provisional basis, but their admission will depend on successfully passing their graduation with the required percentage of marks.Process to Become a Chartered Accountant (CA)
Becoming a Chartered Accountant (CA) requires extensive preparation and dedication. Aspirants can start their journey at various stages in their education and career. Here’s a detailed overview of the process:CA Foundation
The CA Foundation course serves as the entry-level program for aspiring Chartered Accountants. Candidates who have completed their Class 12 examinations or are currently appearing for them can take the CA Foundation exam. Graduates and postgraduates are exempt from this examination and can proceed directly to the next stage.CA Intermediate
After successfully completing the CA Foundation course, candidates must enroll in the CA Intermediate stage. There is also a direct entry route available for graduates and postgraduates from relevant backgrounds to enroll directly in the CA Intermediate courses. Students can register for the Intermediate courses after nine months of appearing for the Foundation exam.Articleship Training
Upon finishing the CA Intermediate course, students are required to enroll in articleship training. This training is a crucial part of the CA program, providing real-world experience that helps students understand the practical aspects of being a Chartered Accountant. The primary goal of articleship is to expose candidates to the working environment and responsibilities of a CA, allowing them to apply their theoretical knowledge in practice.CA Final
The final stage of the CA journey is the CA Final course. Before candidates can take the CA Final exams, they must complete the GMCS (General Management and Communication Skills) and ITT (Information Technology Training) exams. Once candidates successfully pass the CA Final exams, they can register with the ICAI as practicing Chartered Accountants, officially completing their journey to become a CACA Course Syllabus
Below, you will find the syllabus details for the first three levels of the CA course.CA Foundation Course Syllabus
The CA Foundation course consists of four papers. To pass the exam, students must successfully complete all four papers. Below are the subjects and topics covered in the CA Foundation course:| CA Foundation Course Syllabus | |
|---|---|
|
Papers |
Topics |
|
Paper 1 |
Principles and practice of accounting |
|
Paper 2 |
Part 1: Business laws Part 2: Business correspondence and reporting |
|
Paper 3 |
Part 1: Business mathematics and logical reasoning Part 2: Statistics |
|
Paper 4 |
Part 1: Business economics Part 2: Business and commercial knowledge |
CA Intermediate Course Syllabus
In the CA Intermediate course, students are required to pass six papers in total. The table below outlines the subjects included in the course:| CA Intermediate Course Syllabus | |
|---|---|
|
Groups |
Paper |
|
Group 1 |
Paper 1: Advanced Accounting Paper 2: Corporate and other Laws Paper 3: Taxation |
|
Group 2 |
Paper 4: Cost and Management Accounting Paper 5: Auditing and Ethics Paper 6: Financial Management & Strategic Management |
CA Final Course Syllabus
The CA Final course is divided into two groups, comprising a total of six papers. The table below provides a detailed overview of the syllabus:| CA Final Course Syllabus | |
|---|---|
| Groups | Syllabus |
|
Group 1 |
Paper 1: Financial Reporting Paper 2: Advanced Financial Management Paper 3: Advanced Auditing, Assurance and Professional Ethics |
|
Group 2 |
Paper 4: Direct Tax Laws & International Taxation Paper 5: Indirect Tax Laws Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) |
CA Institutes
In India, you'll find several institutions offering the CA course . Here are some popular institutes with their CA full forms:- ICAI - The Institute of Chartered Accountants of India, located in Noida.
- IIFA - Indian Institute of Finance and Accounts, situated in Pune.
- CMS For CA - A CA-focused institute based in Hyderabad.
- Navkar Institute - Located in Ahmedabad.
- CHAMPS - Chanakya Academy for Management and Professional Studies.
Roles and Responsibilities of CA
Completing CA Full Form programs opens up doors to a promising and well-paying career. With a Chartered Accountancy degree, graduates can chart a course towards securing a good job. Chartered Accountants (CAs) typically specialize in key areas like audit and assurance, financial accounting and reporting, management accounting, or applied finance and taxation. Depending on their expertise, CAs may handle specific aspects of a company's operations, oversee overall accounting needs, or serve as independent contractors managing financial matters for multiple clients. CAs find employment opportunities in both public and private sectors, playing crucial roles in vital day-to-day business operations. Their responsibilities include budget management, financial audits, offering financial guidance, collaborating with clients, individuals, and organizations, risk assessment, and providing tax planning advice, among other essential tasks.Career Options as a Chartered Accountant
CA Salary in India
The salary of a Chartered Accountant (CA) in India varies based on their job profile and the company that employs them. On average, a CA earns approximately ₹9 lakh per year. Companies like IBM, Ranbaxy, Sony, TCS, and Infosys offer starting salaries ranging from ₹20 lakh to ₹30 lakh per annum. The table below outlines the salaries of CAs according to their specific job profiles.| CA Salary in India | |
|---|---|
|
Job profile |
Salary Per Annum (avg) |
|
Finance officer |
Rs. 35 Lakhs |
|
Account executive |
Rs. 25 Lakhs |
|
Accountant |
Rs. 25 Lakhs |
|
Finance controller |
Rs. 19 Lakhs |
|
Finance manager |
Rs. 10 Lakhs |
|
Chartered Accountant |
Rs. 7.25 Lakhs |
|
Financial analyst |
Rs. 6 Lakhs |
|
Assistant account manager |
Rs. 5 Lakhs |
|
Senior account executive |
Rs. 4 Lakhs |
|
Senior accountant |
Rs. 3.5 Lakhs |
|
Business analyst |
Rs. 4 Lakhs |
|
Account assistant |
Rs. 2 Lakhs |
| Also Read: |
| Total Fees for the CA Course |
| Chartered Accountant Salary In India |
| CA Course In India Details |
| Top 10 Courses To Do Along With CA Course |
CA Full Form FAQs
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