Chartered Accountant

What is Chartered Accountant

Chartered Accountancy is a professional degree course which offers huge scope for the aspirants.After becoming a CA, a person can choose to either be employed with a firm as an employee or they can choose to open their own private practice.

Why become a Chartered Accountant?

Chartered Accountancy is a powerful qualification. It opens doors for professionals seeking an exciting career in business and finance, connecting you with the next generation of business leaders through membership of one of the 10 leading accounting bodies in the world. The Chartered Accountants (CA) Program combines academic study, business and leadership skills training and practical experience with personal coaching.
The business environment is defined by Globalization and Liberalization of Information
Technology and also the competition that they face. The mixture of practical, analytical and statistical skills that a Chartered Accountant possess helps business to plan, strategies, execute decisions and monitor performance. Chartered Accountancy offers students an opportunity to choose from an array of career options. A Chartered Accountant can either work with some other firm or open their own CA practice firm and become successful entrepreneurs. They also have an edge over their counterparts, as they rise faster and further ahead in organizations. Today Chartered Accountants become successful business advisers.

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Chartered Accountancy...

CA is emerging as a good career option for women as it allows work to be done at one’s own pace and time, and, also allows one to control the money flow. Besides, a CA is free to take break in his / her profession (as stated earlier).

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Steps To Become a CA

Registration for CPT:

The candidate needs to register with the Institute of Chartered Accountants of India (ICAI) for

the Common Proficiency Test (CPT) after passing the Standard X examination.

Passing the CPT examination:

The CPT examination is held twice in a year – in June, and in December. The candidate can
appear for the CPT examination after appearing for the standard XII examination, and after the completion of a period of a minimum of 60 days from the date of registration for CPT with the ICAI, as on the first day of the month in which examination is to be held, i.e. candidates registered on or before 1st April / 1st October are eligible to appear in June / December examination respectively.

Registration for IPCC:

In order to register for the Integrated Professional Competence Course (IPCC), the candidate

should pass both CPT and 10+2. Registration for the IPCC should be done 9 months prior to the

first day of the month in which examination is held. IPCC comprises of a total of 7 papers.

Group I consists of 4 papers and Group II consists of 3 papers. For pursuing Article ship, passing

Group I is essential.

Orientation and ITT:

The orientation course is one week long, spanning 35 hours and covers topics such as

communication skills, personality development, office procedure general commercial knowledge

etc. Information Technology Training (ITT) orientation is spans 100 hours and must be

completed in order to register for Article ship.

Appearing and passing IPCC Group I Exam:

The candidate can appear and pass Group I or both groups of Integrated Professional

Competence Examination (IPCE).

Registration for Article ship:

After passing either Group I or both IPCE Groups, the candidate can register as Articled

Assistant for a period of 3 years Practicing Chartered Accountant.

Appearing and passing IPCC Group II Exam:

If the candidate has not already passed Group II of the Integrated Professional Competence

Examination (IPCE), this can be done during the Article ship.

Registration for CA Final Course:

The candidate may register for the CA Final Course on passing the two groups of IPCC.

Appearing and Passing CA Final Course:

The candidate can appear for the CA final examination during the last 6 months of 3 years of

articled training.

Complete Article ship:

Complete 3 years period of articled training.

GMCS:

Successfully complete the course on General Management and Communication Skills over a period of 15 days.

Membership:

Enroll as a member of ICAI and designate as “Chartered Accountant”.