Sat. Jul 13th, 2024
How to become CA in India

Currently, CA is among the most lucrative career options among commerce students and students from other streams. This profession involves accounting, taxes, and auditing. Therefore, if you are interested in accounting, finance, and taxes, this is your ideal career option. So, if you’re also searching for how to become CA in India, then this article can help.

The procedure to become CA involves well-defined steps and meeting other regulations stated by ICAI. In addition, it takes five years to become CA in India. Moreover, students in India have two options for becoming a Chartered Accountant: the CA Foundation Route and the Direct Entry Route. Further, the total CA course fees for the CA Foundation route is Rs. 87,300, whereas the total fee is Rs. 76,200 after graduation.

In this post, VSI Jaipur, the best CA Coaching Institute in India, outlines the steps to become CA after 12th and graduation to help students get started with their CA Journey. 

How To Become CA In India: Steps To Follow

Students who wish to get started with CA must meet the eligibility criteria first and then start with the registration process. Further, the CA course has three levels: CA Foundation, CA Intermediate, and CA Final. After clearing all three levels with Articleship, you can become a CA. Now, let’s have a look at the procedure to become CA.

1. CA Foundation 

The CA Foundation Exam is the first requirement for becoming a Chartered Accountant. To enrol in the CA Foundation course, one must get a minimum of 50 per cent on class 12 examinations from a recognized board. For registration, students must provide a 10th-grade report card, a 12th-grade report card, evidence of nationality, and a passport-sized photograph.

Moreover, following the registration, students must undergo a four-month study period. So there are four subjects in the CA Foundation, which are as follows:

  • Paper 1: Principles and Practice of Accounting
  • Paper 2: Business Law and Business Correspondence Reporting
  • Paper 3: Business Mathematics, Logical Reasoning, and Statistics
  • Paper 4: Business Economics and Business Commercial Knowledge

The CA Foundation exam’s passing mark is 40% across all individual examinations and 50% across all four papers. Once they clear the CA Foundation examination, they get closer to how to become CA – clearing CA Intermediate.

2. CA Intermediate

The CA Intermediate Exam is the second stage and the second step on how to become CA in India. Candidates must pass the CA foundation test to enrol in the CA Intermediate course through the CA Foundation route. In addition, students may enrol via a direct entry route. For the direct entry route method, commerce graduates, with 55%, are eligible to apply. Additionally, graduates from other disciplines must secure an aggregate of 60% to qualify for CA Intermediate. 

Once they meet the eligibility requirements, they can move on to the next process of how to become a CA after graduation – CA Inter registration. Following the CA Inter registration, students must complete an 8-month study period to sit for the exams. They have to clear eight subjects which are as follows:

Group – 1

  • Paper 1: Accounting (100 Marks)
  • Paper 2: Corporate & Other Laws (100 Marks)
  • Paper 3: Cost and Management Accounting (100 Marks)
  • Paper 4: Taxation (100 Marks)

Group II

  • Paper 5: Advanced Accounting (100 Marks)
  • Paper 6: Auditing and Assurance (100 Marks)
  • 7: Enterprise Information Systems & Strategic Management (100 Marks)
  • Paper 8: Financial Management & Economics for Finance (100 Marks)

3. CA Articleship

After passing any one group of the CA Intermediate Course, candidates are required to complete three years of Articleship training. This is among the most crucial aspects of the Chartered Accountancy curriculum, requiring candidates to work under the supervision of businesses and other Chartered Accountants.

4. CA Final 

The next and final step of how to become CA is to clear CA Final exam. To get eligible for the final level, students must clear the CA Inter groups and CA Articleship for three years. Following CA Final registration, the next step in how to become CA after 12th and graduation is to undertake the 8-month study period and then clear the exams. Further, there are eight subjects divided into two groups. So the subjects are as follows:

CA Final Group I Subjects

  • 1- Financial Reporting
  • 2- Strategic Financial Management
  • 3- Advanced Auditing and Professional Ethics
  • 4- Corporate and Economic Laws

CA Final Group-II Subjects

  1. 5- Strategic Cost Management and Performance Evaluation
  2. 6A- Risk Management
  3. 6B- Financial Services and Capital Markets
  4. 6C- International Taxation
  5. 6D- Economic Laws
  6. 6E- Global Financial Reporting Standards
  7. 6F- Multidisciplinary Case Study
  8. 7- Direct Tax Laws and International Taxation
  9. 8- Indirect Tax Laws

So once you clear the CA Finals, you must register with ICAI for membership.

The Total CA Course Fees

As stated earlier, the total CA course fees for the CA Foundation route is Rs. 87,300, whereas the total fee is Rs. 76,200 after graduationHere is the breakdown:

Conclusion

We hope that learners are clear with the steps on how to become CA in India. Since CA Course is vast, students must start learning from day one and join the best coaching to help them with the coaching. With VSI Jaipur, turn your dreams of being a CA. Join VSI Jaipur today.