Which ca foundation classes are best?

1. ECP (Excellent Commerce Point) 2. Aldine CA 3. Swapnil Patni Classes 4. Nahata Professional Academy 5. JK Shah Classes. 6. V'Smart Academy. 7. Takshila Learning.

Is CA a difficult Course?

Yes, CA is a difficult course to clear. The CA syllabus is vast and includes various complex topics that students find hard to study.

What is the eligibility for CA?

Candidates must have to complete their 10th and 10+2 from any recognized Board with a minimum aggregate 50% marks in any stream preferably Commerce. Furthermore, there is no age restriction to apply for the CA foundation course.

How many years is required to become a CA?

To become a CA, candidates require at least 5 years if they clear all the exams on the first attempt. If not, then each extra attempt will increase the CA Course duration by 6 more months.

Does ICAI provides free classes for CA Foundation?

You can attend Free ICAI virtual coaching classes at Live.ICAI.org/bos/vcc/. The classes can also be viewed on the official ICAI YouTube channel.

How many months are required to prepare for CA Foundation?

You get a minimum of four months of study period after registration for the CA Foundation. To appear in the CA Foundation examinations, one has to pass 10+2 examinations. To pass the entrance test of the CA course, you must know all information regarding CA exams and have to be fully dedicated to your studies.

CA - Chartered Accountant : ECP

CA – Chartered Accountant

The full form of CA is “Chartered Accountant.” CA – Chartered Accountant professionals specialize in various areas such as professional accounting, taxation, auditing, and financial assessment for organizations and individuals. The designation of Chartered Accountant (CA) is granted by the statutory body, The Institute of Chartered Accountants of India (ICAI).

CA professionals are responsible for various aspects of accountancy, including tax filing, auditing financial statements, and advising on business practices. They play a crucial role in preparing and reviewing financial reports.

To become a certified CA in India, individuals must complete three levels of exams and training set by the Institute of Chartered Accountants of India (ICAI). ICAI is a statutory body that oversees and regulates the Chartered Accountancy profession in India.

Aspiring Chartered Accountants can enroll in the CA Foundation course after completing their 10+2 education or directly after graduation for the CA Intermediate course. The CA Foundation exams have replaced the CA CPT exams and are conducted twice a year. The CA Foundation is followed by the CA Intermediate and CA Final exams, which complete the CA qualification process.

Eligibility to enroll in CA Programme

To become a certified Chartered Accountant (CA), candidates need to undergo a comprehensive training process and successfully clear exams at three different levels. These levels are conducted by the Institute of Chartered Accountants of India (ICAI), which is the regulatory body for the CA profession in India.

Eligibility to enroll in CA Foundation

Successful completion of 10+2 is necessary to pursue the Chartered Accountancy (CA) profession.
Candidates must register with the Institute of Chartered Accountants of India (ICAI) board of studies.
A study period of four months is mandatory for candidates before appearing for the CA foundation exam.

Eligibility Criteria for CA Direct Entry Route

Graduates or postgraduates from the commerce stream can directly enroll for the CA program.
A minimum aggregate of 55 percent marks is required for commerce graduates/postgraduates to be eligible for direct entry.
The commerce stream candidates should have studied subjects such as accounting, mercantile laws, auditing, corporate laws, taxation (both direct and indirect), cost and business management, etc.
Graduates or postgraduates from a non-commerce background should have secured a minimum of 60 percent marks in aggregate from a recognized university.
Individuals who have passed the intermediate level from the Institute of Cost Accountants of India are also eligible for direct admission to the intermediate level of CA.
Candidates appearing in the final year of graduation can apply for admission on a provisional basis, but their admission will be confirmed upon successfully clearing their graduation with the required percentage of marks.

Process to become a CA – Chartered Accountant

The journey to becoming a CA requires careful preparation and dedication. Here are the different stages explained:

CA Foundation

This is the entry-level course for Chartered Accountancy. Candidates who have completed or are appearing for their class 12 exams can write the foundation exam. Graduates and postgraduates are exempted from this examination.

CA Intermediate

After successfully completing the CA foundation course, candidates can enroll in the intermediate stage of CA. There is also a direct entry route for graduates and postgraduates from a CA background to enroll in CA intermediate courses. Students can enroll for intermediate courses after 9 months of completing the foundation course.

Articleship Training

After completing the CA intermediate course, students must undergo Articleship training. This training provides real-time experience and exposes candidates to the nature of CA work. The primary goal is to provide practical exposure to companies and enhance the skills of candidates.

CA Final

This is the final part of the course. Before reaching this stage, candidates need to clear the GMCS (General Management and Communication Skills) and ITT (Information Technology and Orientation) exams. After successfully clearing the CA final course, candidates can register themselves with the Institute of Chartered Accountants of India (ICAI) as practicing Chartered Accountants. This marks the successful completion of the CA journey.

So, in the CA new scheme applicable from May 2024, a student will now take 42 months to become a Chartered Accountant.

ICAI CA Course Level	Current (Till 2023)	New Changes (From 2024)
CA Foundation Registration/ Appear 10 + 2	Start	Start
CA Foundation Study Period	4 Months	4 Months
CA Intermediate Study Period	8 Months	8 Months
CA Articleship	36 Months	24 Months
CA Final Study Period	–	6 Months
Total CA Course Duration	48 Months	42 Months
Work Experience for CoP	–	12 Months

Syllabus of CA – Chartered Accountant course

The syllabus of the CA course at each level according to the New Scheme has been mentioned below:

Foundation Syllabus

Paper – 1: Accounting (100 Marks)
Paper – 2: Business Laws (100 Marks)
Paper – 3: Quantitative Aptitude (100 Marks)
- Business Mathematics
- Logical Reasoning
- Statistics
Paper – 4: Business Economics (100 Marks)

Intermediate Syllabus

CA Intermediate	Subjective	Objective
Paper 1 :Advance Accounting	70 Marks	30 Marks
Paper 2 :Corporate Laws	70 Marks	30 Marks
Paper 3 :Cost and Management Accounting	70 Marks	70 Marks
Paper 4 :Taxation	70 Marks	30 Marks
Paper 5 :Auditing and Code of Ethics	70 Marks	30 Marks
Paper 6 :Financial Management and Strategic Management	70 Marks	30 Marks

Final Syllabus

CA Final	Subjective	Objective
Paper 1 :Financial Reporting	70 Marks	30 Marks
Paper 2 :Advance Financial Management (AFM)	70 Marks	30 Marks
Paper 3 :Advance Auditing, Assurance and Professional Ethics	70 Marks	70 Marks
Paper 4 :Multi- Disciplinary Case Study with Strategic Management	70 Marks	30 Marks
Paper 5 :Direct Tax Laws and International Taxation	70 Marks	30 Marks
Paper 6 :Indirect Tax Laws	70 Marks	30 Marks

Top Scorers of CA – Chartered Accountant : ECP

ECP (Excellent Commerce Point) is renowned as the Best CA Coaching in Gurgaon and Delhi/NCR. We offer a range of learning options including face-to-face classes, live/online classes, and pen drive classes for CA courses. Our highly qualified and experienced faculty members are dedicated to helping students succeed in their CA exams with excellent marks on their very first attempt. Join ECP and unlock your full potential for success in the CA exam.

TO JOIN US – CLICK HERE

Career prospects for CA – Chartered Accountant

After successfully completing the course, individuals become official members of ICAI, opening up various career opportunities. Some domains where CAs can work include:

Banks
Auditing firms
Taxation firms
Public limited companies
Management consultancy firms
Legal firms
CFO firms
Investment houses
Mutual funds

Some of the top corporate firms hiring CA’s are:

E&Y
BDO
KPMG
PwC
Deloitte
JP Morgan Chase
Credit Suisse
Edelweiss
Grant Thorton
Kuwait Resources House
State Bank of India
Luthra & Luthra
ICICI bank
Kotak Mahindra
Axis Bank and many more

CA – Chartered Accountant Salary in India

The salary of a Chartered Accountant in India varies based on the job profile and the company they work for. On average, a CA can expect an annual salary of around 9 lakhs. However, certain companies like IBM, Ranbaxy, Sony, TCS, Infosys, and others offer starting salaries ranging from Rs. 20 lakhs per annum to 30 lakhs per annum. The salary of a CA can vary depending on their job profile, and the following table provides an overview of salary ranges for different profiles:

Audit Associate: Rs. 5-8 lakhs per annum
Tax Consultant: Rs. 6-10 lakhs per annum
Financial Analyst: Rs. 7-12 lakhs per annum
Internal Auditor: Rs. 8-15 lakhs per annum
Finance Manager: Rs. 10-20 lakhs per annum
CFO (Chief Financial Officer): Rs. 15 lakhs and above per annum

Please note that these salary ranges are approximate and can vary based on factors such as experience, location, and the size of the company.

Frequently Asked Questions (FAQs)

Ques 1. What are the eligibility criteria for enrolling in CA Intermediate?

Ans. To enroll in CA Intermediate, candidates need to have completed graduation or post-graduation with a minimum cutoff mark of 55%. Non-commerce graduates must have at least 60% marks from the Institute of Cost Accountants of India or ICSI.

Ques 2. Do I need to choose mathematics in my 10+2 exams to appear for the CA Foundation exams?

Ans. No, choosing mathematics in 10+2 exams is not mandatory to appear for the CA Foundation course.

Ques 3. How long does it take to complete the CA course after the 12th?

Ans. The total duration to complete the CA course after the 12th is 4.5 years.

Ques 4. Is there a limit on the number of attempts for CA exams?

Ans. No, there is no limit on the number of attempts for CA exams.

Ques 5. How can I apply for CA after the 12th?

Ans. To apply for CA after the 12th, you need to register with the ICAI Board of Studies and complete a four-month study period to become eligible to appear for the CA Foundation exam.

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