Chartered Accountant or CA aspirants are everywhere in India and also nowadays one of the most promising careers even in overseas. There are chances that approx 60% of the students who have opted for B.Com choose to establish themselves as professional CAs in the coming years. Because of its quality and values, this is one of the renowned professions of the decade and wishes to retain its position.
Professional CA courses provided by The Institute of Chartered Accountant of India (ICAI) involves a string of three year training period. A professional three level CA program includes Foundation, Intermediate and Final Courses.
Completing this three years course is a task to accomplish, as this course is ranked among the most difficult courses, it takes months of non-stop struggle, constant practice and dedication to successfully complete the course and become a professional CA.
Things you need to know, If you are aspiring to become a CA:
It is mandatory to clear 10+2 examination to enroll your name for a professional three years CA course from any recognized board or university. Aspirants from any educational stream can apply for the course. After clearing the 10+2 examination, students are eligible to fill the forms for CA entry-level foundation program. It is a four months training course. After finishing these four months of training, the candidate has to appear for the CA Foundation Course Examination.
Course – levels and duration –
As discussed earlier, the CA program has three different levels. Foundation, Intermediate and Final Courses. It’s also mentioned above that minimum eligibility to apply for a CA course is 10+2. You can pursue with the CA foundation course (4 months) and examination simultaneously with B.Com. After your graduation, you are eligible to pursue the CA Intermediate course (8 months) and examination. Finally, the candidate must finish his/her articleship (3 years), then clear the final exam. So the span of a professional CA course is almost 4 to 5 years after 12th.
Probability of Clearing the exam –
Chartered Accountancy is one among the most privileged courses and is one of its kinds. It has a vast curriculum and a series of rigorous practical training, to assure that the candidate takes forward the reputation of the profession and does full justice to it. The average passing percentage of the CA program is 0.5%.
Outlook on CA Careers –
Demand for CA is just touching the skies. Nowadays every business firm needs a CA, whether it’s an MNC or a startup or a separately established business. There is a vast platform of opportunities open for a CA. CAs are involved in banking, tax-auditing, statutory auditing, accounting, cost auditing, etc. They can even practice individually. CA is a crucial person in an organization as he is the one who designs an efficient financial system and manages all the financial and accounting for that organization. CA examines financial risk factors for a company, looks after taxation and do timely audits.
How much a CA earns –
Till now we have discussed the eligibility, courses, success rate and the careers of a CA. Last but not least, the total earnings of a CA depends on the type of job and the company they are posted in. On average, the package offered to a fresher CA is 6.5 Lacs per annum. Now it depends on the person’s potential and dedication, how much he earns ahead in his career.