CA Course – On the top of 6 careers chosen after B.Com

CA is one of the prestigious qualification and professional course related to accounts. It requires a thorough knowledge of auditing, taxation, and accounting to become a CA. It is one of the higher studies which a commerce student usually aims and dreams for. It is awarded by ICAI (Institute of Chartered Accountants of India) with its head office in New Delhi. Needs prior registration at head office or at any regional office for taking up the course. Background of CA is commerce which is pure mathematics or finance. Scope for CA is immense and they are highly paid for their knowledge.

CA can be done along with a bachelor’s degree, as well with taking up a full-time job and concentrating on the subject during weekends, or taking up CA alone. In India CA (Chartered Accountant) is the course that is thirdly opted for after Engineering and Medicine by students. It is taken up by commerce students after passing 12th and could be pursued parallelly with Bachelor degree or afterward. Duration of the course depends on the route taken to pursue the course and it takes to about 5 years to complete. The course comprises a wide variety of commerce subjects throughout its curriculum.

It is a dream of every commerce student to opt for CA to pass it, as it is considered to be one of the toughest exams to pass. Usually, students do take several attempts to pass and take up special classes to face the exam. Many students with high scores do opt to take up commerce in good colleges to study CA, as opposed to science, to build their future career after finishing SSLC. There is no gender or age limit to study CA, only interest matters. Finance is the lifeblood of every business and is required in every aspect of its function. Hiring CAs not only provide value for money but also help to achieve organizational financial goals. Saving money is equal to money earned and spent.

Commerce helps out with financial management starting from home to suggest others who are indulged in financial depression. It is required to satisfy humans daily increasing wants, the standard of living, employment opportunity, national income, industrial development, international trade, to provide aid during emergencies. CA requires proper coaching, guidance, a devotion of time, desire to excel, and effort for completing the course.  CA is one of the top 6 careers that can be chosen after B.Com

 Sr. No.

Title 

How to Apply

Criteria for CPT exam exemption

Articleship

The content of CA course

Why Coaching for CA

Complementary course for CA or Post-CA Qualification Courses 


How to Apply

CA can be done after class 12th by registering and taking up the CPT and need to wait at least 60 days after registering for CPT. The exam takes place twice yearly in April and October.

After passing 12th and CPT students can register for IPCC by registering 9 months before the exam. They need to complete orientation and information technology training before article ship.

Students are required to register for article ship and practice CA for 3 years before registering for CA final exam which is during the last 6 months of article ship. They are required to complete 3 years article ship along with GMCS.

The candidates who wish to pursue the CA course need to clear the Common Proficiency Test (CPT) exam for getting admission in the CA course. However, the candidates who have completed their graduation are exempted from appearing for the Common Proficiency Test (CPT) exam and they can directly join in the IPCC Course i.e., the second stage of CA course. 


Criteria for CPT exam exemption

  • Commerce graduates securing above 75% of marks in graduation from recognized university are exempted from appearing for CPT exam and can join directly for IPCC course

  • For graduates doing CA after B.Com can benefit from direct registration scheme whereby can skip CPT. They can directly register for IPCC, clear it and apply for final CA.

  • CPT is an objective type test with negative marking system for wrong answers.

  • Accounting, Mercantile Laws, General Economics and Quantitative Aptitude are some of the subjects of CPT syllabus.

  • CA can be done both regular as well as correspondence, and it is a good option to pursue it along with a degree.

  • Students do opt for MBA after graduation who are more oriented to management part of the business with Accounting Finance as one of the major subjects to study.

  • With the advent of technology, students can search and opt for top schools for study across the globe keeping in mind their financial affordability and career building.

  • ICAI (Institute of Cost Accountants of India) previously known as ICWA (Institute of Cost and Work Accountants of India) can be pursued along with CA, but only one of two can be practiced.

  • ICWA is a combination of collecting, assimilating, collating, and analyzing financial information from every area of an organization. A degree in cost accounting equips the knowledge on competently managing the finance. 


Articleship

During article ship practicing CA for 3 years, it is important to have good training as well as theoretical knowledge related to practical life. Good understanding of all concepts, self-study, and revision.

Coping with the rigorous time schedule during the event of the course. Overall it is very challenging to work on article ship. It is up to students to forego the rigorous article ship training which is difficult but not impossible with readiness. 


The content of CA course

Students need to study a wide variety of topics with general subjects like mathematics, economics, general management, IT, statistics with specialization in law, cost accounting and others. 

CAs are required for

  • Core accounting of any firm.

  • Design an efficient financial system to combat its risk.

  • Acquire skills to handle a major financial issue of a firm.

  • Knowledge to maintain financial balance and stability.

  • Prepare financial statements and management reports

  • Liaising with internal and external auditors

  • Carry out taxation and auditing work

  • Advise for efficient tax planning

  • Annual reports preparation

CAs do work for a big company and also temporarily work for small sectors to resolve its financial statements or burden. They are hired for advice on cost control and financial investments.

They can start their career as an internal auditor or finance department team member for an organization. Salary package offered is good compared to ICWA.

Today even though there are a lot of new specialized courses emerging in the field of IT with the advent of technology could not beat the scope for CA around the globe.

Today’s emerging courses act as ancillary to industry, but commerce remains the foundation with its importance being evergreen and untouched.

The approximate cost for taking up a CA course comes to around 2 lakhs in India and tend to widely vary with place and university where it is pursued. 


Why Coaching for CA

Joining a coaching institute for CA provides:

  • Compatible study environment with scheduled time to study

  • Updated study material with guidance by experienced and qualified faculties

  • Revision and recapitulation with library

  • Discussion with peers about difficulties and how they can ease

  • Net facilities all under a single roof

Search for Institutes:

  • It might help students to search on the web to find appropriate coaching institute that is exclusively reliable

  • Prefer recognized institutes

  • Can ask and ascertain for quality and suitability of institutes from seniors, friends, and relatives

  • Keep track on institution records and reviews which indicate the proficiency of the Institute

  • Get to know about exact pass outs during last years before moving forward

  • Beware of factors and fraudulent ads that might mislead your choice

  • Clarity about fees, duration and timings are convenient and flexible to take up the course 


Complementary for CA or Post-CA Qualification Courses:

  • Certified Public Accountants (CPA) good for accounting field

  • NCFM course conducted by the National Stock Exchanges, Mumbai (NSE)

  • Certified Financial Planner (CFP) international certification program being conducted by Financial Planning Standard Board (FPSB), India

  • Certified Internal Auditor (CIA-USA) Program conducted by the Institute of Internal Auditors – the USA

  • Chartered Financial Analyst (CFA) is regulated by ICFAI (Institute of Chartered Financial Analysts of India) University

  • Chartered Financial Analyst (CFA-USA) from ICFAI University, India.

  • Information Systems Audit (ISA)

  • CPE Course on Computer Accounting and Auditing Techniques (CAAT)

  • Diploma in Insurance and Risk Management (DIRM)

  • Management Accountancy Course (MAC)/ Corporate Management Course (CMC)/ Tax Management Course (TMC)

  • International Trade Laws & World Trade Organisation (ITL & WTO)

  • ERP Courses on SAP FA & MA Module, Microsoft Dynamics NAV

  • Certificate Courses for Members -

  • Certificate Course on Cooperatives

  • Certificate Course on Not-for-Profit Organizations (NPOs)

  • Certificate Course on Indirect Taxes

  • Certificate Course on Enterprise Risk Management

  • Certificate Course on Concurrent Audit of Banks

  • Certificate Course on Internal Audit

  • Certificate Course on Master in Business Finance

  • Certificate Course on International Taxation

  • Certificate Course on Forensic Accounting and Fraud Detection

  • Certificate Course on International Financial Reporting Standards

  • Certificate Course on Forex and Treasury Management

  • Certificate Course on Derivatives

  • Certificate Course on Valuation

  • Certificate Course on Arbitration

  • Diploma in Labour Law and Welfare

  • Diploma in Taxation Law

  • Diploma in Insurance and Risk Management

  • Actuary/Ombudsman

  • Certificate course in Import and Export

  • Certified Fraud Examiner

  • MBA- Entrepreneurship

  • ACCA

  • Company Secretary

  • Certified Management Accountant

  • CIMA

If an individual fails to clear any of the subjects, it is required to give exams of the whole level again that is mainly very painful at times. CA students need a lot of mental strength and hard work to clear this very tough exam for their hard work to achieve tomorrow’s goal.

It requires to invest your time and attention to own your happiness. Giving up things do interfere with a daily lifestyle to earn greater benefits.


 



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