Chartered Accountant (CA) is one of the most respected professions and a good number of young students aspire to become Chartered Accountants to practice in the field of Finance and Accounts. Chartered Accountant, the candidate has to go through a process of training and clear exams at various levels, conducted by the Institute of Chartered Accountants of India (ICAI).
Chartered Accountant is a designation given to an accounting professional who has received certification from a statutory body that he/she is qualified to take care of the matters related accounting and taxation of a business. It includes filing tax returns, auditing financial statements and business practices, maintaining records of investments, preparing and reviewing financial reports and documents, etc.
Anyone who wants to register for the Chartered Accountancy course must have passed his/her class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto, in order to provisionally register for Foundation Course; or he/she may also register after class 12 examination.
Chartered Accountant (CA) Highlights
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Degree |
Bachelors |
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Full-Form |
Chartered Accountancy |
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Duration |
Course Duration of CA (Chartered Accountancy) is 5 Years. |
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Age |
17-25 |
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Minimum Percentage |
50% |
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Average Salary Offered |
INR 7-10 LPA |
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Employment Roles |
Accountant, Financial Manager, Banker, Taxation Consultant, Consultant and more |
Eligibility Criteria for Chartered Accountant (CA)
1. Commerce stream graduates or post graduates with minimum 55% marks
2. Other stream graduates or post graduates with minimum 60% marks.
3. Candidates who have passed the Intermediate level of the Institute of Companies Secretaries of India or the Institute of Cost Accountants of India.
Admission Process
1. Applicant on relevant entrance examinations determines admission to various universities and colleges.
2. Some private colleges and deemed universities perform their counselling process by conducting their university-level entrance exams.
3. You must also prepare for GMAT, IELTS and TOEFL and pass them with flying colours.
Career after Chartered Accountant (CA)
Chartered Accountants are one for the most sought after professionals in the world of finance who offer their services in maintaining and reviewing financial health of a business. A chartered accountant is the necessity for all types of organisations commercial, private, government, non-government, non-profit, big, small, or even self employed professionals.
Chartered Accountants have important position in public as well as private sectors because they act as business advisors who help in the preparation of financial reports, securing loans, preparing financial projections, showing how the loans will be repaid, and determining the viability of business.
CAs are in a great demand in almost all the industries in India and overseas. The average minimum salary of a newly qualified CA varies from Rs. 5 lakhs to 6 lakhs per annum. The salary can be as high as 45 lakhs p.a. if the CA is employed overseas. The CTC can be different for different geo-locations and can also differ from company-to-company based on normal industry practices.
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Job Profile |
Job Description |
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Accounting Managers |
Accounting managers manage and supervise daily accounting operations. They monitor and analyze accounting data and financial statements. They also set up proper accounting principles, methods and policies. |
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Taxation Experts |
Taxation experts or tax advisors look for ways to bring down the tax liabilities for clients. They also do the work of estimating taxes on different investment portfolios. |
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Accountants |
Accountants examine financial statements ensuring accuracy and compliance with existing regulations and laws. They also handle tasks which are tax related. |
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Auditing Experts |
Auditing experts help the auditors in securing sufficient as well as appropriate audit evidence. Auditing experts are of two types having two different specializations, i.e., internal auditors and external auditors. |
Chartered Accountant (CA) Syllabus
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Accounting Process |
The Sale of Goods Act, 1930 |
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Inventories |
The Indian Contract Act, 1872 |
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Theoretical Framework |
The Limited Liability Partnership Act, 2008 |
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Bank Reconciliation Statement |
The Indian partnership act, 1932 |
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Concept of Accounting of Depreciation |
The Companies Act, 2013 |
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Partnership Accounts |
Communication |
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Final Accounts of Sole Proprietors |
Sentence Type |
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Accounting for Special Transaction |
Vocabulary Root Words |
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Introduction to Company Accounts |
Prefixes |
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Financial Statements of Not-for-Profit Organization |
Synonyms and Antonyms |
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Basic Accounting ratios (Solvency, Profitability, liquidity and turnover) |
Phrasal verbs, Suffixes, Collocations and Idioms |
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Comprehension Passages, Note Making |
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Introduction to Basic Writing, Article Writing, Precis Writing, Report Writing |
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Writing Formal Mails, Writing Formal Letters, Meetings, Resume Writing |
