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Information about CA |
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Asked by j.neeta8 - In Student Loan -
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Answer (
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Chartered Accountancy is a profession which comes in the top options in India because of the huge growing demand and practical exposure it needs. The areas which are dealt in this profession are taxation, corporate finance, project evaluation, business & corporate low, auditing, accounting practice. There are thousands of students who aim to become a professional chartered accountant every but a very few number of students pass out this exam series which is less than 1% of the total entrants.
The Institute of Chartered Accountants of India [ICAI] is a accountancy body whose headoffice is located in New Delhi and five regional councils located in Mumbai, Chennai, Kolkata, Delhi & Kanpur and 117 branches all over the country. The ICAI institute has 18 chapters located at Abu Dhabi, Bahrain, Botswana, Doha, Dubai, Indonesia, Jeddah, Kuwait, London, Melbourne, Nairobi, Nigeria, Port Moresby, Riyadh,
Saudi Arabia, Sydney, Toronto and Zambia which handles the students courses, examinations and complete procedures.
Requirements Steps to become a CA :
1. Once you pass out your Class 10th examinations from a school which is recognized by the central government you need to Enrol with the Institute for Common Proficiency Test.
2. After completing the Class 12 ie Senior Secondary Examinations the student should appear for Common Proficiency Test which is held twice a year ie june & december though the exam dates keep changing.
3. Join PCC, articled training with a certified Chartered Accountant and register for a 100 Hours Information Technology Training[ITT] with listed institutes like NIIT, Aptech etc after passing CPT & 10+2 Exams.
4. The Student should complete the 100 Hours ITT Course within 3 months of time which is generally a 25days program based on 4 hours/day schedule with the computer institute and its useful for learning computer based auditing and related computer course.
5. Next the CA Student has to appear for PCE Exam[Professional Competence Examination] if he has worked as a article clerk with a CA for a period of 15 months minimum 3months prior to the exam month and also has to have completed the 100 Hours computer training course. Note that 8 months of audit training is equally treated as 6 months of articled training as per the requirement.
6. Next the student has to join the CA Final course after passing the above mentioned PCE and while registering collect study materials and start the preperation for final CA Exams. He should also complete General Management and Communication Skills Course during the last 12 months of articled trianing and should also have completed 3.5 years articled training.
7. Appear for the final CA Exam when the practical training is completed. Pass the final exam and complete the General Management and Communication Skills Course[GMCS]
After the completion of all the above mentioned steps , the student would be called Associate Chartered Accountant[ACA] because he is in the starting stage and after professional experiance he would become Fellows Chartered Accountant[FCA] after which he is eligible to hold a certificate for public practic
CA as Career option
There is no dearth of jobs for Chartered Accountants.
After acquiring the membership one can either choose to do public
practice or join any organization at the public sector or private
sector.Career option for a chartered accountant is therefore varied.
- General Practice: The Institute of Chartered Accountants of India
predicts that audit and standard taxation services would soon be
replaced by growing opportunities on relationship based services. The
Chartered Accountants are required to assess the risks of the companies
designing control system to counter those risks. - New Assurance and performance measurement services
- Change management: This includes making changes at the ownership, structural and operational levels.
- Stakeholder value creation
- Strategic management
- Finance: The expertise of Chartered Accountants are in high
demand in financial administration, Capital markets and international - financial regulation
- Financial Reporting
- Tax compliance
- Tax Advice and Planning
- Corporate Finance
- Insolvency and corporate Recovery
- Management consultancy.
More information
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| Reply by gupta - 605days 23hrs 56mins 24secs ago |
Votes of this Answer: 0 votes
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