Chartered Accountant

What is it?

ICAI (Institute of Chartered Accountants India Exam) is an exam conducted by the Institute of Chartered Accountants of India, which is the national professional body accounting body of India to issue a certification about who is eligible to be a professional auditor in India.

Who takes this exam?

Any student who has completed his/her 12th exam successfully can start his/her career in the Accounting field by undertaking CA exams. The student should be interested in the field of accountancy in domestic as well as multinational companies.

Typical profiles of CA:

Accountant, Auditor, Internal Auditor, Financial Reporter, SAP FICO Consultant, and Tax Consultant.

Eligibility:

You can sit for the CA exam after 10th Standard and enroll yourself for CPT. But if you want to go after graduation, you need to score 55% if you are a commerce graduate or if you are a bachelor of other streams, you need to score at least 60% in your graduation. After graduation (subject to you adhere to all the eligibility criteria), you would be able to directly sit for the IPCC exam.

Syllabus for Foundation Course

Number of Papers - 4

Paper 1 : Principals and practices of accounting (100 Marks)

Paper 2 : Business Law and Business correspondence & reporting (100 Marks)

• Section A : Business Law (60 Marks)
• Section B : Business Correspondence & reporting (40 Marks)

Paper 3 : Business Mathematics & Logical Reasoning & Statistics (100 Marks)

• Part I : Business Mathematics & Logical Reasoning (60 Marks)
• Part II : Statistics (40 Marks)

Paper 4 : Business Economics & Business and commercial knowledge (100 Marks)

• Part I : Business Economics (60 Marks)
• Part II : Business and Commercial Knowledge (40 Marks)

Notes :

• Paper 3 and paper 4 will be objective type papers with negative marking.
• Passing percentage: Aggregate- 50% & Subject wise- 40% at one sitting.

Syllabus of Intermediate Course

Number of Papers - 8

Group I

Paper 1 : Accounting (100 Marks)

Paper 2 : Corporate Laws and Other Laws (100 Marks)

• Part I : Company Laws (60 Marks)
• Part II : Other Laws (40 Marks)

Paper 3 : Cost & Management Accounting (100 Marks)

Paper 4 : Taxation (100 Marks)

• Section A : Income Tax Law (60 Marks)
• Section B : Indirect Taxes (40 Marks)

Group II

Paper 5 : Advanced Accounting (100 Marks)

Paper 6 : Auditing & Assurance (100 Marks)

Paper 7 : Enterprise Information Systems & Strategic Management (100 Marks)

• Section A : Enterprise Information Systems (50 Marks)
• Section B : Strategic Management (50 Marks)

Paper 8 : Financial Management and Economics For Finance (100 Marks)

• Section A : Financial Management (60 Marks)
• Section B : Economics for Finance (40 Marks)

Syllabus for Final Course

Number of Papers- 8

Group I

Paper 1 :Financial Reporting (100 Marks)
Paper 2 : Strategic Financial Management (100 Marks)
Paper 3 : Advanced Auditing & Professional Ethics (100 Marks)
Paper 4 : Corporate and Economic Laws (100 Marks)

• Part I : Corporate Law (70 Marks)
• Part II : Economic Laws (30 Marks)

Group II

Paper 5 : Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6 : Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)

Elective Papers:

• Risk Management
• International Taxation
• Economic Laws
• Financial Services and Capital Markets
• Global Financial Reporting Standards
• Multidisciplinary Case study

Paper 7 : Direct Tax Laws (70 Marks) and International Taxation (30 Marks)

• Part I : Direct Taxation Laws (70 Marks)
• Part II : International Taxation (30 Marks)

Paper 8 : Indirect Tax Laws (100 Marks)

• Paper I : Goods and Service Tax (75 Marks)
• Part II : Customs and FDP (25 Marks)

Let’s have a look at the top 5 companies which employ CA :

1. Deloitte (has based over 150 countries and employed over 200,000 professionals; the largest professional services network in the world by revenue)
2. PricewaterhouseCoopers (PWC) (One of the Big 4 audit companies in the world; second largest professional services network in 2014)
3. Ernst & Young (EY) (One of the Big 4 audit firms and largest service firm in revenue in 2012)
4. KPMG (Employed over 162,000 people and one of the Big 4 audit firms in the world)
5. BDO International (Fifth largest accountancy network in the world)