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CA's full form is Chartered Accountant. The CA is a designation used for professionals working in the finance industry. Chartered Accountants are highly skilled as they have great knowledge about taxation, auditing, and managing financial works. The CA’s are hired by various businesses which includes both public and private. ICAI is considered a professional body that governs and manages accounting in India.
As mentioned above the full form of CA is Chartered Accountant. All the CA’s of India are regulated by the Institute of Chartered Accountants of India (ICAI). Currently, India has around 2,70,000 CA’s working in different organizations or institutions. Mostly CA’s work in sectors that includes business and finance-related works. Every CA is responsible for managing finances, taxation, accounting, and auditing for any institution/ organization. They can also open their private offices for providing advice and guidance related to finance. EducationalQualification: The candidate must clear 10+2 The candidate must have a bachelor's degree of B.com, M.com from any recognized institution Examination: They have to clear the ICAI examination Training: The candidate has to complete 3 years of training under any practicing CA A Chartered Accountant has to ensure all the financial works of any institution or organization which includes developing financial statements, monitoring tax payments, and giving advice on finance. Every CA has to follow a strict code of ethics designed by ICAI. To become a CA the candidate requires strong preparation as the process of becoming a CA in India is divided into 4 stages which are mentioned below Stage1: CAFoundation The CA Foundation course is considered the entry course for becoming a CA. The candidates who have completed their 10+2 or their graduation can appear in the examination Stage 2: CA Intermediate After completing the CA foundation course, the candidate has to apply for CA intermediate which is also known as a direct entry platform but it's only for students who are graduated or postgraduate from CA-related courses eg. B.com, M.com. The candidates can apply for intermediate after 9 months from the date appearing in the foundation course. Stage 3: Articleship Training/ Internship In the CA course, the internship is known as articleship training. In this the candidate after clearing CA intermediate course has to enroll for articleship under any CA who is practicing, the main aim of the training is to provide real-time experience. Stage 4: CA Final It is the last part before appearing in the CA final the candidate has to clear GMCS and ITT examinations and after passing the CA final candidates will be eligible to register in ICAI as the practicing CA. The students are mandated to clear the CA foundation course which is divided into 4 papers and to qualify for the CA foundation the students have to pass all papers Paper Topics 1 Principles and practice of accounting 2 1)Business Law 2)Business correspondence & reporting 3 1)Business mathematics & logical reasoning 2)Statistics 4 1)Business economics 2)Business & commercial knowledge The CA intermediate examination is divided into 2 groups and each group includes 4 papers. Therefore to quality in CA intermediate students have to pass in all 8 papers Paper Topics 1 Accounting 2 Corporate and other Laws 3 Cost and Management Accounting 4 Taxation Paper Topics 1 Advanced Accounting 2 Auditing & Assurance 3 Enterprise Information System and Strategic Management 4 Financial Management & Economics for Finance The CA Final examination is divided into 2 groups and each group includes 4 papers. Thus to clear CA final students have to pass all 8 papers Paper Topics 1 Financial Reporting 2 Strategic Financial Management 3 Advanced Auditing & Professional Ethics 4 Corporate & Economic Laws Paper Topics 1 Strategic cost management & performance evaluation 2 Elective Paper 3 Direct tax law and international taxation 4 Indirect Tax Laws Below mentioned is the list of popular firms that hires CAs: In India the average salary of CA is around INR 9 LPA and salary of big firms like IBM, Sony, TCS ranges from INR 20 to 30 LPA. Below mentioned is the salary table according to the job profile. Post/ job profile Average Salary in LPA Finance officer INR 35 Account executive INR 25 Accountant INR 25 Finance Controller INR 19 Finance Manager INR 10 Chartered Accountant INR 7.25 Financial Analyst INR 6 Assistant account manager INR 5 Senior account executive INR 4 Senior Accountant INR 3.5 Business Analyst INR 4 Account Assistant INR 2 Auditing & Accounting: They have to provide regular reviews of the financial statements of an organization or business. They are responsible for keeping track of the organization's financial transactions and later have to prepare reports for the same. Taxation: They are responsible for developing reports on tax returns and providing advice to businesses on taxes and other activities related to finance. Consulting services: Many CA’s also work as consultants where they provide advice and suggestions to clients on topics such as finance and business. Corporate Finance: They have the responsibility for managing financial statements and developing reports which can be shown to shareholders. They also work to raise the company's capital. Investment Banking: They provide guidance to companies which helps them to raise capital by selling and issuing securities. Risk Management: They are responsible for identifying and resolving financial risks IT Management: They have to develop and implement IT projects and ensure that all systems are secure. Written by: Deepit MathurWhat is the full form of CA?
What are the Eligibility criteria for becoming CA?
What are the roles and responsibilities of CA?
What is the process to become CA?
What is the pattern of the CA foundation?
What is the pattern of the CA Intermediate?
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What is the pattern of the CA Final?
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Which are the top recruiters who hire CA’s?
What is the salary structure of CA’s in India?
What are the Career options for CA in India?
CA full form is Chartered Accountant.
The CA course is for 4.5 years.
There is no limit for appearing in the CA examination.
CA’s major subjects consist of accounting, business law, cost accounting, financial management, taxation, advanced accounting, auditing, etc.
The CA examination is considered the most difficult as they have a huge syllabus and to clear the examination students need proper coaching, planning, and hard work.