How to Become a Chartered Accountant in India

There is a number of career options available after class 12th. Here in this article, I am sharing with you the complete details about the best career option for the commerce graduate how to Become a Chartered Accountant in India has passed class 12th with commerce. Check the detailed article below to get complete information about How to become a Chartered Accountant in India.

How to Become a Chartered Accountant in India

The Work of the Charted accountant is to handle the basic as well as advance level accounting works in Government companies as well as in Private companies etc. There are some required eligibility criteria that are mandatory to have to apply for admission in the Charted Accountants courses and there are some changes that have been made in the CA Examination (Hint: Foundation Course). Check the article below to get detailed information.

Steps/ Procedure How to Become a Chartered Accountant in India:

Right after passing class 12th with Commerce, One becomes eligible to get admission in the CA Course. According to the rule of the Institute of Charted Accountant of India (ICAI). One will have to enroll in a foundation course which is for four months.  If one wants to enter in the profession of the Charted Accountant. One will have to register for the Foundation Course which is offered by the Institute of Charted Accountant of India (ICAI). Here is the detailed information about the Charted Accountants Foundation course.

Foundation Registration:  For the foundation registration, You just have to fill up the following details on the ICAI official website.  The CA Foundation fees are 11300 which includes Registration fees, Examination fees, Online form fees, and Journal, member, and Students. After the registration, you would have a User ID and Password through which you can log in to your account.

Foundation Study Period: After the registration, One will have to study for 4 months to appear for the examination. After that, you will have to fill the registration form to get CA Admit card.

Foundation Exams: The foundation exams are held twice a year. The Exams are usually held in the month of May and November etc.

Validity of Foundation Course: The CA Foundation Course is valid for three years. This exam held twice a year. One can appear or 6 times. After the 3 years, The registration will expire, you can reevaluate it with nominal fees.

Passing Marks:  In order to get passed in the examination, One will have to score at least 40% marks in each subject or 50% aggregated.

Earlier the rules were a bit different. One has an option to get direct admission to the CA course through the Common Proficiency Test. But this entry is now replaced by the Charted Accountants Foundation Course. It has become mandatory to appear for CA Foundation Course to get admission in CA Course. After the Foundation Course, one can appear for CA Examination.

If the result has 40% marks in each subject or 50% etc. You can appear again for the exam. The Exam of CA is one of the toughest exams. One will need to prepare very well for the exam. Now let’s see the required eligibility criteria that are mandatory to have to apply for admission or for the exam of Charted Accountant.

How to Become a CA Foundation

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Eligibility Criteria to Become Charted Accountant 2021:

The required eligibility criteria have been kept simple. All the candidates just need to have passed class 12th with Commerce. There is no Age Criteria requirement. All age group candidates are eligible to apply.  No Relaxation will be given to any candidates regarding their caste, community or religion, etc. The requirement of eligibility criteria will be completely the same.

Exam Pattern of CA (Charted Accountant) Exam:

The Exam would be conducted offline in pen-paper mode. All the questions that would be asked in the examination will be in objective form with multiple choice answers. Here in the given chart below, I have shared complete information:

Medium of Exam English or Hindi
Exam Sessions 2 Sessions
Exam Duration 2 hours for each session
Type of questions Objective Type Question
Total Marks 200 marks
Exam Mode Pen and paper-based test
Subjects Four subjects
Number of Questions 200 questions
Exam Timings TBA

There is also negative marking in the examination. Around 0.25 marks will be deducted for each wrong response. It is very important to gain complete information about the CA Exam Pattern. The Exam Pattern plays an important in the better understanding of the paper.

How to Become a Chartered Accountant in India

Syllabus of CA (Charted Accountant) Exam 2021:

There are two papers in the examination. Here I am sharing with you the major topics that one has to prepare for the examination. It is not possible to mention every micro topic here.

Paper 1:

  • Theoretical Framework
  • Accounting Process
  • Bank Reconciliation Statement
  • Inventories
  • Concept of Accounting of Depreciation
  • Accounting for Special Transaction
  • Final Accounts of Sole Proprietors
  • Partnership Accounts
  • Financial Statements of Not-for-Profit Organization
  • Introduction to Company Accounts
  • Basic Accounting ratios (Profitability, solvency, liquidity, and turnover)

Paper 2:

Paper two has two sections. Here are the topics that would be asked in each section:

Section A: Business Law

  • The Indian Contract Act, 1872
  • The Sale of Goods Act, 1930
  • The Indian partnership act, 1932
  • The Limited Liability Partnership Act, 2008
  • The Companies Act, 2013

Section B: Business correspondence and Reporting:

  • Communication
  • Sentence Type
  • Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations, and Idioms.
  • Comprehension Passages
  • Note Making
  • Introduction to Basic Writing
  • Precis Writing
  • Article Writing
  • Report Writing
  • Writing Formal Letters
  • Writing Formal Mails
  • Resume Writing
  • Meetings etc

This is the complete syllabus of the examination that one has to prepare for the CA Examination. Let’s see the syllabus of the final exam that is considered the toughest phase of CA and later we will talk about its preparation.

The final level Exam Syllabus:

  • Financial Reporting
  • Strategic Financial Management
  • Advanced Auditing and Professional Ethics
  • Corporate and Economic Laws
  • Strategic Cost Management and Performance Evaluation
  • Risk Management
  • Financial Services and Capital Markets
  • International Taxation
  • Economic Laws
  • Global Financial Reporting Standards
  • Multidisciplinary Case Study
  • Direct Tax Laws and International Taxation
  • Indirect Tax Laws

Preparation Tips for CA Examination:

The Exam is tough and it would take time for better preparation. If you are new to this. You must join the better coaching Institute and get trained well for your exams. Find a better mentor who can train, educate and guide you in a better manner for your career in this field. Some online teachers are also available but the offline classes are a bit better as compared to the Online. Well, that completely depends on one individual.

Choose the best study material, if you are preparing at home. Your study material will play an important role in your preparation. Always make short notes while preparing, it will help you in revision. Solve the maximum previous year question papers to get better practice for the examination.

Some Institutes are there that conduct Online mock tests. You must also appear for that, Mock tests are completely the same as real examination, It will give you a better understanding of the exam. The Exam is tough, One will need to prepare very well for this. Prepare in all manner and cover each and every part of your syllabus to score better in the examination. How to become a chartered accountant in India

FAQs For How to Become a Chartered Accountant in India

How to Become CA?

There are two routes to become CA after the 12th. One can appear directly for an exam or can go through CA foundation entry and complete B.Com with 60% Marks IPCC entry. Check the article to get complete details about this.

How many years CA Course?

It takes 5 years to complete the CA (Chartered Accountant) Course.

Is maths compulsory for CA in 11 and 12?

Maths is not compulsory for CA Exam, If you do not have mathematics in class 12th. Then too you can apply for CA Exam.

Can we study CA at home?

The preparation of any exam depends on one individual. The CA exam preparation can be done at home. You just need to have the proper student materials.

Are 12th marks important for CA?

No, there are no such rules for CA Exam regarding class 12th marks.

About the author

Dasharath Maurya