How to become a CA

How to Become a CA in India?

Chartered accountant (CA) is a designation granted to professionals whose specialization is accounting and is a practice in many of the worlds, and it is also considered to be an international designation.

A CA is qualified to file a business's tax return, audit financial statements, and business practices, and offer advisory services to clients.

The core four areas that CA’s focus on audit and assurance, financial accounting and reporting, management accounting and applied finance, or taxation for induvial or various institutions. If you have completed your CA, you are eligible to work in a CA firm or do freelance and have multiple clients.

In this article "How to become a CA", we have discussed on CA Foundation, Intermediate Courses, Articleship, CA Final, Information technology training, and so on. You can directly skip to any of the content from the below table.

Table of Content: 

The Institute of Chartered Accountants of India (ICAI)

ICAI is the regulatory body in India ensuring the quality and standards of CA education is maintained in the country. To practice CA, you need to be a registered member of the ICAI and to continue the practice the membership should be renewed.

 ICAI was established on 1 July 1949, under the Chartered Accountants Act, 1949. The main aim for setting up ICAI was to standardize the profession of Chartered Accountancy in India.  In India, only ICAI has the authority to give out licenses for CA’s for financial auditing and to practice accountancy as a profession. The only way to become a part of the ICAI is to successfully get through the exams prescribed by the board.

 Apart from issuing licenses to practice financial accounting, the ICAI ensures that certain sets of ethics and discipline to be maintained in the profession. In order to enforce these rules, the ICAI has published a handbook that talks about the dos and don’ts of the profession.

How to become a CA in India?

The steps involved in the journey of becoming a CA are as follows

CA CPT 

CA CPT 2019 Exam Dates (June 2019)

  • Availability of CA CPT 2019 Application Form: 4th April 2019

  • Last Date for CA CPT Registration Form Submission without Late Fee: 24th April 2019

  • Last Date for CA CPT Application Form Submission the with Late Fee: 02nd May 2019

  • CPT 2019 Admit Card: First week of June 2019

  • CA CPT 2019 Exam Date: 16th June 2019

  • Result Declared: The Third week of July 2019

CA CPT Registration Process

  • Candidates are requested to apply online at https://icaiexam.icai.org from 04th April 2019 to 24th April 2019 (without late fees) and up to 02nd May 2019 (with Late Fees of Rs.600/- for Indian Centres and $10 for Foreign Centres).

  • The examination fee is required to be submitted online by using either MASTER Credit / Debit Card / Rupay Card / Net Banking.

CA CPT 2019 Application Fee

  • A fee of Rs.1000/- for Indian centres, US $ 300/- for foreign Centres (Abu Dhabi, Doha, Dubai & Muscat centres) and INR 1700/-for Kathmandu centre can be remitted using online payment gateway facility with VISA/Master/Maestro Credit/Debit Card.

ICAI Common Proficiency Test 2019

Syllabus

  • One Paper, Two Sessions 200 Marks

Session I:

  • Section A: Fundamentals of Accounting 60 Marks

  • Section B: Mercantile Laws 40 Marks

Session II:

  • Section C: General Economics 50 Marks

  • Section D: Quantitative Aptitude 50 Marks

Common Proficiency Test (CPT) 

(One paper - Four hours - 200 Marks)

First Session (Morning Session) 10.30 AM to 12.30 PM IST

  • Section-A Fundamentals of Accounting

  • Section-B Mercantile Laws

Second Session (Afternoon Session) 02.00 PM to 04.00 PM IST

  • Section-C General Economics

  • Section-D Quantitative Aptitude

Section A - Fundamentals of Accounting - 60 Marks

Section B - Mercantile Laws- 40 Marks

Section C - General Economics - 50 Marks

Section D - Quantitative Aptitude- 50 Marks

CA Foundation

CA Foundation 2019

Important Dates

Availability of Application Form

20 Feb 2019

Late Date for Application Form Submission Without Late Fee

16 March 2019

Late Date for Application Form Submission With Late Fee

23 March 2019

Correction Window 1

27 March - 2 April 2019

Admit Card Download begin form

6 May 2019

Correction Window 2

10 - 19 May 2019

CA Foundation May 2019 Exam dates

4, 7, 11, 13, June 2019

CA Foundation Result Declaration

4th Week of July 2019

CA Foundation is the entry level exam for the CA course. The registration for CA Foundation can be done after finishing class 10, but the exam can be attempted only after class 12. The advantage of the CA Foundation is that one can appear for the CA examination twice in the same year. One in the month of May and another in the month of November.

The exam will be held through 4 papers. 

  • The first two papers are principles and practices of accounting and business laws and business correspondence and reporting, they are subjective.

  • The third and fourth paper consists of subjects like business mathematics, logical reasoning & statistics and business economics & business and commercial knowledge which are considered to be important in the world of finance and these papers will be objective type.

Paper 1: Principles and Practice of Accounting

Paper 2: Section A: Business Laws

Paper 2: Section B: Business Correspondence and Reporting

Paper 3: Business Mathematics and Logical Reasoning & Statistics

Paper 4: Part I: Business Economics

Paper 4: Part II: Business and Commercial Knowledge

  • It is mandatory to get 30% marks in each subject to be qualified for the next step, but it is mandatory to score a total aggregate of 50% as well.

CA Intermediate Course

After successfully completing the CA Foundation, one is qualified to write an Intermediate course. This is considered to be the second level of CA and in this stage, students are introduced into the advanced curriculum of CA. During the Intermediate Course, you will be able to identify your weakness and strengths in the field of CA. You will be introduced into various topics in the financial world. If you have completed your B.Com. or any other course on the same lines, then you can directly attempt this level.

It is divided into 8 subjects

  • Accounting

  • Corporate and other Laws

  • Cost and Management Accounting

  • Taxation

  • Advanced Accounting

  • Auditing and Assurance

  • Enterprise Information System and Strategic Management

  • Financial Management & Economics for Finance

  • The students are expected to score 40% in all the subjects and have an overall aggregate of 50%.

  • If a student scores more than 60% in any particular subject then they will be exempted from repeating the subject in the next three attempts.

Registration for Practical Training Assessment Test on July 7, 2019 - (25-05-2019)

The next practical training assessment test will be scheduled for July 7, 2019. The students who have completed their 1st and 2nd year of practical training during July 2018 - March 2019 are eligible to appear in this test.

The students who have already appeared in the Practical training tests before (one or two times) or wish to improve their performance/ grade can re-appear on July 7, 2019. In such a case, the best of the grade will be considered for inclusion in the mark sheet. Similarly, the students who have registered for the earlier test but could not appear due to some reason can also register for July 7, 2019, with a fee of Rs.200. 

NOTE: The registration for this test will open on June 14, 2019 (Friday) at 10.00 am and close on June 20, 2019 (Thursday). 

Please note that the students who have completed/ will be completing 1st/ 2nd year of practical training during the quarter April-June, 2019 are not eligible for the test on July 7, 2019. For such students, the test will be conducted in August 2019.

Students may register for the test during the above mentioned time period through the registration portal https://pttest.icai.org/ by selecting their preferences for test location. Students who wish to reappear may also register by selecting the test location and submitting a fee of Rs.200 online. Selecting a test location will not imply confirmation for that location. A student may be assigned any location out of the two selected locations depending on the number of candidates in that region for the test date. However, preference will be given to the selected location.

CA Intermediate 2019 Exam Centres: 

Agra

Ahmedabad

Ahmednagar

Ajmer

Akola

Alappuzha

Aligarh
Allahabad

Alwar

Ambala

Amravati

Amritsar

Anand

Anantapur

Asansol
Aurangabad

Badlapur

Banswara

Bareilly

Bathinda

Beawar

Belgaum

Bellary
Bengaluru

Berhampore

Bhagalpur

Bharatpur

Bharuch

Bhavnagar

Bhilwara

Bhiwani Bhopal

Bhubaneswar

Bhuj

Bikaner

Bilaspur

Bundi

Chandigarh

Chandrapur
Chennai

Chittorgarh

Churu

Coimbatore

Cuttack

Dehradun

Delhi

Dhanbad Dhule

Dundlod

Durg

Durgapur

Eluru

Ernakulam

Erode

Faridabad
Fatehabad

Firozabad

Gandhidham

Gandhinagar

Ghaziabad

Gondia

Gorakhpur

Guntur
Gurgaon

Guwahati

Gwalior

Haldwani

Haridwar

Hisar

Hubli

Hyderabad Indore

Jabalpur

Jaipur

Jalandhar

Jalgaon

Jalna

Jammu

Jamnagar
Jamshedpur

Jhansi

Jhunjhunu

Jodhpur

Junagadh

Kaithal

Kakinada

Kannur Kanpur

Karimnagar

Karnal

Kishangarh

Kolhapur

Kolkata

Kollam

Kota
Kottayam

Kozhikode

Kumbakonam

Kurnool

Latur

Lucknow

Ludhiana

Madurai
Malappuram

Mandsaur

Mangalore

Mapusa

Margao

Mathura

Meerut

Moradabad
Mumbai

Muzaffarnagar

Muzaffarpur

Mysore

Nagpur

Nanded

Nashik

Navi mumbai Navsari

Neemuch

Nellore

Nizamabad

Noida

Ongole

Palakkad

Palghar
Palimarwar

Panipat

Panvel

Parbhani

Patiala

Patna

Pondicherry

Pune Raipur

Rajamahendravaram

Rajkot

Ranchi

Ratlam

Ratnagiri

Rewari

Rohtak
Rourkela

Saharanpur

Salem

Sambalpur

Sangli

Sangrur

Satara

Satna Shimla

Shimoga

Sikar

Siliguri

Sirohi

Sirsa

Sivakasi

Solapur
Sonepat

Srinagar

Surat

Surendranagar

Thane

Thiruvananthapuram

Thrissur

Tinsukia
Tiruchirapalli

Tirunelveli

Tirupati

Tirupur

Tuticorin

Udaipur

Udupi

Ujjain
Vadodara

Vapi

Varanasi

Vasai

Vellore

Vijayawada

Visakhapatnam

Warangal
Yavatmal

Articleship in CA

Articleshipis a compulsory 3-year practical training or on-the-job-training time that ensures that students will learn to work on real-life cases under the supervision of real chartered accountants or Chartered Accountant firms. Before continuing further with the articles, the students have to complete certain pre-requisites or conditions like completing their Intermediate level, a certain amount of orientations, etc. The articles can be done at any CA firm according to your interest and abilities. The ICAI has norms that saying that, during the period of articles, you can be paid between Rs. 750/- to Rs. 15,000/-.

Even during the period of articles, you will be writing two exams.

  • The first exam will be held in the first year for 75 marks. The marks are divided into three subjects with 25 marks each. The mandatory subject is Accounting and Auditing inclusive of corporate laws, which will be for 50 marks and one optional subject for 25 marks can be chosen from Direct Tax, Indirect Tax, and Internal Audit.

  • The second exam will be held at the end of the second year. 

  • The exam will be for 100 marks and the duration will be 3hours.

  • Just like the first year exam, in the second year as well Accounting and Auditing will be a compulsory paper for 50 marks inclusive of corporate law and you should choose two optional modules for 25 marks each from Direct Tax including international taxation, Indirect Tax, and Internal Audit.

  • The students will be eligible to appear for the exam twice a year and need to complete within that period of time.

  • The phase of articles is considered to be very pressurizing with trying to balance both articles as well as studying but this is the time where you will about your capabilities in this field.

  • This is the time where you can improve on both technical skills as well as personal skills like communication skills and learning to have the work-life balance

  • Most of the students who want to do articles aim at doing it at one of the Big 4 companies which are KPMG, PricewaterhouseCoopers, Ernst, and Young and Delloite.

  • If you are unable to get articles at the Big 4, you can always try to get an article at any other big firm or even a mid-size firm.

CA Final

CA final is the last level of examination one must give in order to become a Chartered Accountant. The exams for the course will be held in the months of June and December for which the registrations with the ICAI has to be done in months of May and November respectively. One should ensure that the registration fees are paid on time and if not done so, an additional amount will be charged as a fine. The exam should be taken after completing two and a half years of experience. The candidate needs to complete the CA final exam which consists of 8 subjects that are divided into two groups with 4 subjects in each group which will have a written examination for 100 marks each.

The subjects in Group 1 are:

    • Paper 1: Financial Reporting

    • Paper 2: Strategic Financial Management

    • Paper 3: Advanced Auditing and Professional Ethics

    • Paper 4: Corporate and Allied Laws in which the paper is divided into three sections: Section A- Company Law and Section B- Allied Laws)

The subjects in Group 2 are:

    • Paper 5: Advanced Management Accounting

    • Paper 6: Information Systems Control and Audit

    • Paper 7: Direct Tax Laws

    • Paper 8: Indirect Tax Laws (Section A- Central Excise, Section B- Service Tax, and Section C- Customs and Foreign Trade Policy)

  • It is mandatory for the candidate to score 40% marks in each subject from both the groups and 50% of total marks to pass.

  • It is up to the choice of the candidate to either give the examination for both the groups together or separately.

  • If the candidate gives the exam for both the groups together then the average for both the groups will be taken and not for one group alone.

Information Technology Training (ITT) In CA

Information Technology Training is a compulsory course added into the curriculum of the CA course by the ICAI. The main aim of this curriculum is to focus on the development of technical skills of those who are attempting for CA. The curriculum includes training in advance features of Microsoft Office components like MS Access, MS Excel, Computer Assisted Auditing Techniques (CAAT), Core Banking Solution (CBS), Enterprises Resource Planning (ERP), Office automation application and IT security which are considered to be a requirement in the CA profession. 

  • The training will be for a total of 100 hours and should be compulsorily completed by the candidate.

  • The training can be taken up after Intermediate Level or Final but needs to be completed before applying for registering at the ICAI.

Enrollment as a Member of ICAI

Just like how all the lawyers have to register themselves at the BAR council for practicing law, one has to register at Institute of Chartered Accountants of India. After completion of Intermediate Level, Final, and 100 hours training of ITT one can register at the ICAI. After registering one can use the title ‘Chartered Accountant’ before their name.

Here are some advantages of being a CA

Proud feeling - Chartered Accountants in India are rare and it is one among the toughest courses. It requires a lot of dedication and motivation in order to touch this milestone.

Calculative - As you know, charted accountants will have a better perception of financial management which can be implemented in their own life.

Mobility to work anywhere - As a CA you can start working anywhere irrespective of city or town.

Returns on cost spent on education - As it is a job which offers you high income, it is said that the return of the cost education will happen in a shorter period of time.

Respect - Don't want to avoid that from the list. The society will consider you brainy, you get respect for the determination and hard work you have gone through.

FAQs Related to the CA

What is the salary of CA?

An average salary of around Rs 7.36 lakh a year in the latest campus placement program conducted by the ICAI with the highest pay reaching Rs 24.64 lakh.

What is Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS)?

Advanced ICITSS is a combination of Management Communication Skills and Advanced IT Course of 4 weeks and is effective from 1st July 2017 with the implementation of the New Scheme of Education and Training.

I understand that the results are declared in Grades? Can I get some information on the Grades?

Yes. Those who pass the Advanced ICITSS-Advanced IT test will be given grades as follows:

85% and above=A+

70% to 84%=A

55% to 69%=B+

40%-54%=B

Grades obtained by a candidate will be reflected by way of a footnote, in his/her statement of
marks of the Final exam.



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