Road to become a CA after 12th

The first question that must came to your mind, is What Exactly is CA?

CA or Chartered Accountant?an internationally recognized financial professional who manages budgets, auditing, taxes and business strategies for clients. As a CA, you can work for businesses , the government and individuals. Your job is to provide expert financial advice and help clients manage their funds. It is a very reputed & famous profession among the youth these days. The chartered accountant work is highly demanded in big and emerging MNC’s.

If you are aspiring to become a CA then you are going to walk in the tunnel of fire but at the end is just that worthiness and feeling of proudness in your family's eyes. To become a CA, you need to cross 4 levels namely -?

1. CA Foundation or the Entrance Exam.
2. CA IPCC or the CA Intermediate.
3. CA ARTICLESHIP or Training Period.
4. CA FINAL.

CA Course After 12th in 8 easy steps?:

Step # 1 :??After the 12th, you can register for CA-Foundation course (Common Proficiency Test (CPT). Through this procedure, you will get your registration Number, User ID, and password.

Step # 2 : After the study period of four months, you can appear for the Exams. Fill your examination form, and you will get the admit card. You have to score 40% out of 100 marks.

Step # 3 : After you have passed the CA-Foundation Exam, you can register for the integrated professional competence course (IPCC) or CA-Intermediate.

Step # 4 : Attend the 30 days course for Integrated Course on Information Technology and Soft skills (ICITSS) and appear for the exams within four weeks. It is better to complete the course before the article ship. It is better done soon after registering for IPCC or CA-Intermediate.

You can use a study period of 8 months and then appear for IPCC or CA-Intermediate Exams. The subjects are in two groups. You can either go for one group at a time or both together. The maximum marks for each subject are 100 marks, and you only have to score 50% in each.

Step # 5 : On the completion of CA-Intermediate, join for CA-Firm to do your article-ship of 3 years. You have to pass the IPCC with 40 out of 100 marks to register for the CA-Final.

Step # 6 : During the article-ship, you can complete the Advanced Integrated Course on Information Technology (AICITSS) and Soft skills in 4 weeks.

Step # 7 : Finish your article-ship to attempt the final exams, and score 40 out of 100 marks and an aggregate of 50% to become a Chartered Accountant.

Step # 8 : The last step is to register to become a member of the ICAI for the designation of Chartered Accountant?

Further Information about CA Course:

The exams are held two times a year, in May and November. Register for the exam in December (for May) and June (for November)

A fee has to be paid for the registration, examination, online form and Members and students journal of CA-Foundation exam 10,900INR, IPCC, both groups – 9,000INR & Articleship registration fees – 2,000INR and for?the Final APROX 22,000INR (both groups)

You have to answer four papers in CA-Foundation and two groups of four subjects each for IPCC and Finals. The paper is 100 marks, and you have to score 40% on each subject and an aggregate of 50%.

Eligibility Criteria for CA Course?:

1. A candidate must have passed (10+2 examinations) conducted by an examining body constituted by law in India or an examination body recognized by central government of India for the enrolment of ATC (Accounting Technician Course)
2. After passing the entrance examination or foundation exam by the candidate , he/ she shall be eligible for enrolment to the accounting technician course subject to complying with relevant conditions.

But what after I become a CA??

Below are the few positions occupied by the CAs -?

1. Tax Accountant – preparing corporate and personal Tax Statements from day to day transactions and VAT to share schemes is a job of Tax Accountant
2. Management Accountant?– Major role of a management accountant is to analyze cost of new projects and participation to control expense efficiently.
3. Financial Accountant?– A financial accountant is a person who prepare financial statements of a firm based on ledger and participates in important financial decisions.
4. Budget Analyst?– A budget analyst is a person who is responsible for the developing of financial plans and managing of these financial plans of organization.
5. Auditor - An auditor is a person who keeps a check on the financial statements and ledgers of an organization. It is the highly demanded by the MNC’s and other organizations.

Tips & Tricks for walking on the path of becoming a CA?| by Cretum Advisory

1. Internships: If you are a?CA then practical knowledge is necessary for CA. Gain it by doing internships after clearing the CA-Foundation course. Go for multiple internships in CA Firms, corporate, and banking sectors
2. Art of Communication : Clients will rush to you if you have the art of communication. You will be able to draw clients to yourself and have a long-term business relationship with them.
3. Growth : Learning does not end with the course. The basics of chartered accountancy have to grow with the latest accounting courses and new accounting practices.
4. Financial Concepts : Knowledge of Financial concepts can help you work better in any organization. It is a great tool to aid the organization you are employed in to achieve its goals

Thank You for Reading

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