Chartered Accountant as a Career

ICAI

Do you love playing with numbers? Here is career for you. Chartered Accountant. As the economy surges ahead, CAs, the financial watchdogs will be increasingly in demand.

Some Facts :

1. Course is controlled by the council ICAI Institute of Chartered Accountants of India.
2. Duration of the course is 4-5 years.  
3. Overall fess is approximately Rs. 44,000 to Rs. 52,000.
4. Website : www.icai.org.in
5. After class 12 in commerce you can apply for course.


Main Areas of Work :


1. Accounting :  Prepare, analyse financial reports and documents of the organisation.

2. Auditing :    Check the accuracy of financial statements, ensure that the accounts are prepared on accounting principles by the company accounts department.

3. Cost Accountancy : Maintain cost auditing records, Install cost control and perform cost audits.

4. Taxation : Providing advice on indirect taxes filing returns, assessment of taxes and direct taxes problems etc.

5. Investigation : Examining the company's financial status and the its profit and loss status that represented by the company's accounts for the satisfaction of internal and external users.

6. Consultancy : Providing advice on various aspects of the business regarding project planning, financial purpose, legal advice etc.

Road map of Chartered Accountant :

There are three stages first is CPT Common Proficiency Test second is IPCC Integrated Professional Certificate Course and last is Final course. 




Syllabus :


(A) Common Proficiency Test :

• Fundamentals of accounting 
• Mercantile laws
• General Economics 
• Quantitative Aptitude

(B) Integrated Professional Competence Course 

     

  Group - 1

• Accounting 
• Business Laws, Ethics and Communication 
• Cost Accounting and Financial Management 
• Taxation   

  Group - 2

• Advanced Accounting 
• Auditing and Assurance 
• Information Technology and Strategic Management 

(c) Final Course 


   Group - 1

• Financial Reporting 
• Strategic Financial Management 
• Advanced Auditing and Professional Ethics 
• Corporate and Allied Laws 

   Group - 2

• Advanced Management Accounting 
• Information Systems Control and Audit 
• Direct Tax Laws
• Indirect Tax Laws  

To Qualify as a Chartered Accountant :

1. Register for Common Proficiency Test after passing class 10.
2. After passing class 10 + 2 appear for CPT and pass in it.
3. After passing CPT register for Group - 1 or Group - 2 or for both the groups of IPCC.
4. Successfully complete 9 months of study from date of IPCC registration.
5. Successfully complete Orientation Course of one week spanning 35 hours.
6. Successfully complete 100 hours Information Technology Training ( ITT ).
7. Register as Articled Assistant for a period of 3 years, on passing either Group 1 or both the Groups of IPCC.
8. Appear in CA Final Examination during last 6 months of articled training.
9. Pass both Groups of CA final examination.
10. Complete 3 years of articled training.
11. Successfully complete the course on General Management and Communication skills ( 15days ).
12. Enrol as a member of ICAI and designate as "Chartered Accountant".

Top Recruiters :

• ICICI BANK
• GENPACT
• INFOSYS TECHNOLOGIES-SOFTWARE
• SBI 
• DELOITTE
• COAL INDIA ltd
• AXIS BANK 
• CANARA BANK
• BANK OF BARODA
• BHEL 

Very Good Paid Profession

A fresh aspirant can earn upto Rs. 30,000-50,000 per month, depending upon company and the sector he is hired into. Working for a smaller firm could fetch you between Rs. 25,000-40,000.        

So, what do you think ? Waiting for question. 

Good luck !