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CHARTERED ACCOUNTANCY

The professional title of a Chartered Accountant is awarded by the Institute of Chartered Accountants of India (ICAI) on successful completion of the course.

Chartered Accountants are leading business professionals recognized around the world as experts in finance, accountancy, audit and tax.

The scope of work for a Chartered Accountant is unlimited. CA’s can venture into areas such as Tax, Audit, Finance, Markets, Internal Audit, Forensics and many more. You will find chartered accountants working in every part of the economy, providing advice and financial expertise that informs and guides the management engaged in various industries.

The CA course has three levels

CA FOUNDATION

  • You must have passed 10+ 2 examination or class XII examination from a recognized institution. No restriction on minimum percentage required for eligibility
  • Must complete 4 months of study period before appearing for Foundation examination. Therefore a student must register before 30th June/31st December of the respective year to be eligible to appear for November/May examinations respectively.

2 Objective type papers and 2 Subjective type papers of 100 marks each.

Total marks: 400

Passing criteria – 40 marks in each paper & 50% in total (i.e. 200 marks)

The objective type papers will have negative marking.

Paper 1: Fundamentals of Accounting (100 Marks).

Paper 2: Business Laws (60 marks) & Business Correspondence and Reporting (40 marks)

Paper 3: Business Mathematics and Logical Reasoning (60 marks) & Statistics (40 marks)

Paper 4: Business Economics (60 marks) & Business and Commercial Knowledge (40 marks)

CA INTERMEDIATE

Prerequisite for Intermediate exam: Undergo and complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)

There are 8 papers in total. Each paper carrying 100 marks. This is a descriptive type of examination

Total marks: 800 marks 

Passing criteria – 40 marks in each paper & 50% in total (i.e. 400 marks)

Paper 1 - Accounting (100 marks)

Paper 2 - Corporate and Other Laws (Company Law - 60 marks & Other Laws - 40 marks)

Paper 3 - Cost and Management Accounting (100 marks)

Paper 4 - Taxation (Income tax Laws - 60 marks & Indirect Taxes - 40 marks)

Paper 5 - Advanced Accounting (100 marks)

Paper 6 - Auditing & Assurance (100 marks)

Paper 7 - Enterprise Information Systems (50 marks) & Strategic Management (50 marks)

Paper 8 - Financial Management (60 marks) & Economics for Finance (40 marks) 

CA FINAL

  • Completed or completing prescribed period of articled training, i.e. 3 years (including excess leave, if any) on or before the last day of the month preceeding the month in which the examination is held; Or serving last 6 months (including excess leave, if any) of articled training as on the first day of the month in which examination is held.
  • Successfully completed Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).
  • Cleared remaining group of Intermediate Examination if not cleared earlier.

CA Final exams are conducted twice every year in the months of May and November.

A total of 8 papers of 100 marks each

Passing criteria – 40% in each subject and 50% in total (i.e. 400 marks)

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Economic Laws (100 Marks)

Section A: Corporate Law (70 marks)

Section B: Economic Laws (30 marks)

Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)

Paper 6: Elective Paper (100 Marks) (Anyone paper from the list below)

6A. Risk management

6B. Financial Services & Capital Markets

6C. International Taxation

6D. Economic Laws

6E. Global Financial Reporting Standards

6F. Multi-disciplinary Case Study

Paper 7: Direct Tax Laws (70 marks) & International Taxation (30 marks)

Paper 8: Indirect Tax Laws (100 Marks).

Part I: Goods and Service Tax (75 marks)

Part II: Customs & Foreign Trade Policy (25 marks)