The Institute of Chartered Accountants of India (ICAI) was established in 1949 as a statutory body under an Act of Parliament. It is a professional accounting body that provides the Chartered Accountant Qualification, also known as the CA Course.
Chartered Accountancy is a finance, tax, and accounting profession that focuses on preparing and auditing financial records, investigating financial anomalies, forecasting financial results, tax planning, and developing and maintaining financial systems.
The CA Qualification is divided into three levels:
1. CA Foundation Level – 4 Papers
2. CA Intermediate Level – 6 Papers
3. CA Final Level – 6 Papers
The eligibility criteria to appear for the CA exams are as follows:
For CA Foundation Examination:
- Candidates should have passed the 10+2 exams, PUC, or an equivalent examination.
For CA Intermediate Examination:
- Candidates can directly take up CA Intermediate after graduation.
- For Commerce Graduates/Post Graduates: Minimum 55% marks and completion of 9 months of articleship.
- For Non-Commerce Graduates/Post Graduates: Minimum 60% marks and completion of 9 months of articleship.
Duration of the CA course
The average duration to complete all the exams and training programs of the CA course is 4 to 5 years.
CA Foundation Course Fee Structure
The CA Foundation course fee includes a registration fee of Rs 9,000 and an exam fee of Rs 1,500. Please note that this fee is paid to ICAI and does not include coaching fees.
CA Intermediate Course Fee Structure.
The CA Intermediate course fee includes a registration fee of Rs 15,000, a student activity fee of Rs 2,000, a registration fee of Rs 1,000 for article assistants, an Integrated Course on Information Technology and Soft Skills (ICITSS) fee of Rs 6,500, and an exam fee of Rs 2,500. Please keep in mind that this fee is paid directly to ICAI and does not include coaching fees.
CA Passing Criteria.
The passing criteria for CA exams require a minimum of 40 percent marks in each paper and an aggregate of 50 percent.
CA Exam Schedule
The CA exams for all papers are conducted twice a year, in the months of May and November.
Is CA the Right Choice for You?
CA is ideal for people who are interested in finance, accounting, and taxation. It is ideal for individuals with a strong aptitude for numbers, analytical skills, and a desire to work in accounting, auditing, or finance.
Benefits of Pursuing a Chartered Accountancy (CA) Qualification
- Professional designation: Becoming a CA is prestigious and can open doors to a wide range of career opportunities in finance, accounting and management.
- Global Recognition: The CA qualification is recognized and respected worldwide, providing international employment opportunities.
- Job Security: CAs are in high demand across industries, providing a sense of job security and stability.
- Career advancement: CAs often have excellent opportunities for career advancement, with the possibility of reaching senior management positions.
- Financial compensation: CAs are generally well compensated for their skills and expertise, which can lead to higher income.
- Practical Skills: The CA qualification provides a solid foundation in accounting, finance and business, enabling individuals to develop practical skills across a range of industries.
- Career opportunities: CAs have the knowledge and skills to start their own businesses or provide financial advisory services.
- Continuous learning: The accounting profession is constantly evolving, providing CAs with opportunities to continuously learn and stay up-to-date with the latest trends and regulations.
- Contribution to society: CAs play an important role in financial transparency and accountability by contributing to the overall welfare of society.
Roles and Responsibilities of a Chartered Accountant (CA)
- Financial Reporting: CAs are responsible for preparing and analyzing financial statements, ensuring compliance with accounting standards and regulations.
- Audit and Assurance: The CAs review financial statements to ensure accuracy and compliance with laws and regulations.
- Taxation: CA provides tax planning and compliance services, helping individuals and businesses minimize taxes and comply with tax laws.
- Financial Planning and Analysis: CAs analyze financial data to provide insights and recommendations to improve financial performance and decision making.
- Risk Management: CAs identify and assess financial risks faced by organizations and develop strategies to mitigate them.
- Business Advisor: CAs provide strategic advice to companies on matters such as mergers and acquisitions, financial restructuring and investment decisions
- Compliance and Regulatory Reporting: CAs ensure that the organization complies with relevant laws and regulations, including regulatory returns and disclosures.
- Management Accountability: CAs help management make informed decisions by providing sound financial information and analysis.
CA Course Syllabus Overview.
The CA qualification is divided into three levels: CA Foundation, CA Intermediate, and CA Final, comprising a total of 20 papers.
CA Foundation Level (4 Papers):
1. Principles and Practice of Accounting
2. Business Laws and Business Correspondence and Reporting
3. Business Mathematics and Logical Reasoning & Statistics (MCQ)
4. Business Economics and Business and Commercial Knowledge (MCQ)
CA Intermediate Level (8 Papers):
1. Accounting
2. Corporate and Other Laws
3. Cost and Management Accounting
4. Taxation
5. Advanced Accounting
6. Auditing and Assurance
7. Enterprise Information Systems & Strategic Management
8. Financial Management & Economics for Finance
CA Final Level (8 Papers, further divided into Essentials and Elective):
1. Financial Reporting
2. Strategic Financial Management
3. Advanced Auditing and Professional Ethics
4. Corporate and Economic Laws
5. Strategic Cost Management and Performance Evaluation
6A. Risk Management
6B. Financial Services and Capital Markets
6C. International Taxation
6D. Economic Laws
6E. Global Financial Reporting Standards
6F. Multidisciplinary Case Study
7. Direct Tax Laws and International Taxation
8. Indirect Tax Laws
Why Choose SuccessEdge – Best CA Foundation Classes In Bangalore
Choosing SuccessEdge Academy as your CA Foundation coaching partner in Bangalore comes with numerous advantages:
- Multiple Educators: Learn from the best in the industry, with insights from a diverse panel of experts.
- Handmade Study Notes: Comprehensive and concise notes to facilitate effective learning.
- Personalized Study Planner: Tailored schedules to optimise your preparation journey.
- Question Bank: Extensive practice questions for honing your skills.
- Personal Mentorship: One-on-one guidance from experienced mentors.
- 24/7 Support: Assistance whenever you need it, around the clock.
- Physical and Mental Health Support: Your well-being is our priority.
- Webinars and Meetups: Engage in interactive sessions with professionals.
- Corporate Grooming Sessions: Enhance your professional behavior.
- Placement Assistance: Guidance for career opportunities post-qualification.
- Career Guidance: Chart your path with expert advice.
Finally, SuccessEdge Academy serves as a light of hope for aspiring CA Foundation in Bangalore. We are your partners in earning the CA certification and a fulfilling career in management accounting, thanks to our experienced assistance, comprehensive study materials, and dedication to your success. Join SuccessEdge Academy Best CA foundation classes in Bangalore today and start on your path to success.
FAQs
How long does it take to complete the CA course?
The average duration to complete all the exams and training programs of the CA course is 4 to 5 years.
What are the eligibility criteria to appear for the CA exams?
For the CA Foundation Examination, candidates should have passed the 10+2 exams, PUC, or an equivalent examination. For the CA Intermediate Examination, candidates can directly take up CA Intermediate after graduation.
What is the passing criteria for CA exams?
The passing criteria require a minimum of 40 percent marks in each paper and an aggregate of 50 percent.
How often are the CA exams conducted?
The CA exams for all papers are conducted twice a year, in the months of May and November.
What are the fees for the CA Foundation and CA Intermediate courses?
The CA Foundation course fee includes a registration fee of Rs 9,000 and an exam fee of Rs 1,500. The CA Intermediate course fee includes a registration fee of Rs 15,000, a student activity fee of Rs 2,000, a registration fee of Rs 1,000 for article assistants, an Integrated Course on Information Technology and Soft Skills (ICITSS) fee of Rs 6,500, and an exam fee of Rs 2,500. Please note that these fees are paid directly to ICAI and do not include coaching fees.
What makes SuccessEdge Academy the best CA Foundation coaching institute in Bangalore?
SuccessEdge Academy stands out as the top CA Foundation coaching institute in Bangalore due to its multiple educators, personalized study planner, comprehensive study notes, 24/7 support, and focus on physical and mental health support, along with corporate grooming sessions, placement assistance, and career guidance, making it a comprehensive and supportive learning environment for aspiring CAs.