How to become CA in India? It is the most common question asked by students who have done class 12th or are currently studying. CA course is one of the most common courses after 12th commerce for students, though there are plenty of career options available for them. If you are also a commerce stream student, and wondering how to become CA, then keep scrolling to find out your answer here.
Chartered Accountancy is one of India’s most sought-after professions and one of the toughest exams. If you are planning to pursue CA, so you must know how to become CA after the 12th. Once you gain CA certification, you can get a campus placement or off-campus placement, but surely the job will be well-paid.
The demand for Chartered Accountancy is high because they are required in every industry and by every small or large firm to manage their financial affairs. Their role is to manage income and expenditure accounts to maintain financial stability in a company.
How to become Chartered Accountant after the 12th?
We know you have been waiting to know your answer to how to become CA after the 12th. It is something students should know before they even decide and start their preparation. If you are studying in class 12th or have cleared your exams, and you aim to become CA, start your preparation as soon as possible. If you are thinking to become a Chartered accountant, then below we have mentioned details about Chartered accountancy which will help you to get your answer.
Chartered Accountant exams have three levels- foundation, intermediate, and final. Each level has different eligibility criteria. CA foundation is the first level, CA intermediate is second and CA final exams are the last level to become certified Chartered accountant. So let’s start by looking into the first step-
CA Foundation-
Candidates who have cleared class 12th exams from any stream can give CA foundation exams through CPT (common proficiency test) conducted by the ICAI. They can register themselves directly through the official website of the ICAI. This level has 04 subjects- accounts, economics, law, and quantitative analysis. It is the primary and important step.
CA Intermediate-
Known as Integrated Professional Competence Course, it is the second level and students who have passed class 12th and cleared all papers of the CPT exam can register themselves for IPCC exams. Students can register them nine months before the exams and begin their preparation. The intermediate level is divided into two groups with 04 subjects in Group 1 and 03 subjects in Group 2. Group 1 has accounts, costing, law, taxation and financial management, and Group 2 of IPCC has audit, advance accountancy, and IT and strategic management.
Articleship Period-
After clearing the IPCC level, candidates have to do articleship which is a crucial period of the journey of a Chartered accountant. Articleship is a 3-year kind of internship or training program which can be done along with preparation for CA final exams. It is to be done under a qualified CA and is beneficial while placement after being certified Chartered accountant.
CA Final-
It’s the last step to clear to become Chartered accountant. Candidates can register themselves for CA final exam during the last 06 months of their articleship period of 3 years. They can register themselves as ICAI member for CA final exam. It is necessary to clear CA final level to become a certified Chartered accountant.
I hope this has cleared your doubts about How to become CA? When you decide to prepare for Chartered Accountancy, it is important to know the job roles and responsibilities you will get once you are certified C. We have mentioned a few job responsibilities you will be getting in your job role, which you must learn during the articleship period to get a good job offer.
- Oversee the accounting team. During articleship, you can watch your mentor perform it and learn from them.
- Execute accounting processes and systems.
- Prepare financial reports
- Settle income statements
- Review transactions and expenses
- Prepare budget report
- Manage financial process
- Create accounting reports
Chartered Accountant Salary in India-
Chartered accountant Salary in India depends on many aspects, such as job role, location, experience, and industry. The starting salary depends upon how many attempts and rank. A good rank and fewer attempts help to land a high-paying CA Salary. Candidates who have cleared with AIR and on the first attempt also have a chance to get placed in the big 4 CA. The starting average salary for Chartered accountant is INR 6-8 lakhs per annum. The highest starting salary is INR 19 lakhs per annum.
Grow CA Firms in India
A new Chartered Accountant is always brimming with ambition, makes several attempts to conquer the world, and acquires a significant absolute ward on their abilities and information. Some Chartered Accountants need to begin their planning following a few expanded lengths of consideration with the field, so they select to join tremendous Chartered Accountant firms and work as an accessory to get ability with the practices and complete their abilities while managing customers to the yearly assessment specialists.
Some may imagine that this experience can be obtained through the Article-transport period. However, it isn’t directly as the expansion and the potential outcomes are restricted. At the same time, one is an article, yet these possible outcomes come as authentic business conditions after solitary changes into a Chartered Accountant. Working while the Article-transporter looks like getting ready for the test while chipping away at insignificant things that give an individual the work that a Chartered Accountant needs to do while managing records, recording yearly commitment, and get ready techniques for future business needs. Without an Articleship, one can’t be stated as a Chartered Accountant.
The pay of a Chartered Accountant in India presented by Chartered Accountant firms is around 4 to 8 lacs. After a solitary need to get suitable experience, he can begin his own CA firm. Suppose the firm can contact and get outstanding business firms records and associates. In that case, there could be no furthest impediment of Salary of a Chartered Accountant in India as it is settled on the work done every day. Various gigantic firms have just a few Chartered Accountants for the security of records, so the CAs expect an enormous part in affiliation, and they are paid generally well.
Conclusion
So this is all about how to become CA in India. For more information, the team at VSI Jaipur can assist you. VSI Jaipur is among the leading CA coaching in India with a focus on high-quality CA coaching at affordable fees. Get in touch with us to know more.
Also, read: Coaching Institute Management Software and its Uses for Your Institute
