Career as a Chartered Accountant/
A Chartered Accountant (CA) is a prestigious accounting designation accorded to accounting professionals. CAs typically focus on one of the following areas: audit and assurance, financial accounting and reporting, management accounting, and applied finance or taxation. A CA files a business’s tax return, audit financial statements, and business practices, and offer advisory services to clients. This profession is most aspired by a large population for its lucrative pay and the acclaim. The CA exam is listed as one of the toughest exams in the world. But, a dedicative student, who can devote around 6 hours a day to study, can easily become a CA.
EXPERTS GUIDANCE:
To facilitate the children who are looking for career choices and advice, Shashi Dream Foundation conducted a live session on “CAREER AS CHARTERED ACCOUNTANT” featuring MR. CA DINESH BANSAL, Fellow Member of the Institute of Chartered Accountants of India having 9+ years of experience in the profession of Chartered Accountancy. His firm M/S Bansal Bajaj and Associates is engaged in providing Audit & Insurance, Tax Advisory, and Financial Advisory Services. In this session, he gave insights into what chartered accountancy is, the qualifications and means to become a CA, and detailed about the procedure of selection along with various suggestions related to the profession.
Let us acknowledge ourselves with the process and means to become a Chartered accountant.
SCHEME OF EDUCATION AND TRAINING
The course of education and training is categorized in 3 levels
1. Entry Level — Foundation Course (Rs 9800)
2. First Stage of Theoretical Education — Intermediate Course (Rs 18000)
3. Final Stage of Theoretical Education — Final Course (Rs 22000)
There are two ways to enter the profession –
1. Foundation Route
Aspirants must have passed the senior secondary examination.
Aspirants must have completed six months of the study period (from the date of registration) to be able to appear for the Foundation entrance examination. (Bi-annual registration: till 30th June/ 31st December)
Aspirants must have registered themselves with the Board of Studies for four months of the study period.
2. Direct Entry Route
Commerce Graduates/Post-graduates or other graduates must have passed the exam with 55% marks and 60% marks respectively from a recognized university.
Aspirants must have passed Intermediate level exams of the Institute of Company Secretaries and Institute of Cost Accountants in India to appear in CA Final exams.
The following flow chart provides details of the ways of entry.
Syllabus for the levels of exam:
- Foundation level
2. Intermediate level
3. Final Level
SKILLS REQUIRED:
Essentials skills required to go into this professional course are:
WHERE CAN ONE PURSUE THE CHARTERED ACCOUNTANCY COURSE?
ICAI is an independent body. This single body reserves all rights to conduct the examination. Any other college or university has no authority to conduct examinations.
But if you want to get prepared for the exams then there are various coaching institutions like VSI (Vidya Sagar Career Institute), Aldine CA, Swapnil Patni Classes, Nahata Professional Academy, JK Shah Classes, V’Smart Academy, Takshila Learning, etc that offer their guidance to prepare well.
It is not necessary to pursue a physical classroom course, as with the advancement, there are various online platforms like IGP institute, CAclunindia offering audio-video courses and study materials.
SCOPE OF CHARTERED ACCOUNTANCY
Considering the nature of the job that a CA does, it is obvious that a CA for all firms and institutions in all sectors. Apart from the Auditing and related job opportunities in Government establishments like GAIL, MRCL, LIC, and other banks, there are enormous job opportunities in the private sector. Every taxpayer indeed needs a CA handy. So the scope for CA is tremendous!
The job grades vary from Account assistant, Business Analyst, Senior Accountant, Senior Account Executive, Assistant Account Manager, Financial Analyst, Chartered Accountant, Finance Manager, Finance Controller, Accountant, Account Executive to Finance Officer, pay scale ranging from 6L-7L or even ranging higher up to around 25L-30L per annum, in India and the international packages range up to 70L per annum.
TOP RECRUITING COMPANIES:
With diligence and persistent preparation accompanied by devotion, one can succeed to attain the esteemed position as a Chartered accountant!
The complete session is available on SDF’s official YouTube channel. Check out the full session now: https://youtu.be/5WdhO-t9hZY
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