CA Course Details after 12th – (Informative Guide)

Chartered Accountancy is one of the most preferred career options after 12th or Graduation for Commerce Students. The CA Course is divided into three levels i.e.

  1. CA Foundation
  2. CA Intermediate
  3. CA Final

Students who wish to register for the course must know all the details regarding CA Course. This Chartered Accountancy guide will provide you with all details regarding the course, including Syllabus, Fee Structure, Procedure to become CA, Course Duration, and CA Salary in India.

The Chartered Accountancy exam is conducted by The Institute of Chartered Accountants of India (ICAI). The exams are held twice a year, in May and November. The ICAI issues all the guidelines related to CA courses, like Syllabus, Exam Pattern, Registration, Eligibility guidelines, and Fee for the Exam.

CA Course Guide

CA Course Details – An Overview

ParticularsDetails
Full-FormChartered Accountancy
Conducting BodyICAI
Duration5 Years
Levels3 Levels+ Articleship
DegreeBachelor’s
CA Course Eligibility50% in Class 12th
CA salary in India7-8 Lakhs
Fees3-4 Lakhs
Job RoleAccountant, Banker, Financial Manager, Consultor, Auditor

Key Takeaway of the CA Course

The Chartered Accountancy Course is divided into three levels i.e. CA Foundation, CA Intermediate and CA Final.To become a CA in India, you must pass all these three levels of CA, including three years of Articleship Training. Thus, it takes a minimum of 5 years for you to become CA after the 12th.

Chartered Accountancy Course Details:

  • Eligibility: 50% in Class 12th
  • Fees: 3-4 Lakhs
  • CA Salary: 7-8 Lakhs
  • Job Role: Accountant, Banker, Auditor Etc
  • Duration: 5 Years (Minimum)

What is Chartered Accountancy?

Chartered Accountancy (CA) is a profession that deals with accountancy, finance, taxation, law, and Auditing. A CA gives financial advice, audits accounts, and provides information related to the financial sector. Therefore, a CA is responsible for preparing auditing, and managing financial books every month. The job roles of a CA are Accountant, Banker, Financial Manager, Consultor, Auditor, etc.

How to Become CA in India?

To become CA in India, students need to go through the following steps:

  1. Register for CA Foundation Course
  2. Pass the CA Foundation Exam.
  3. Register for CA Intermediate Course.
  4. Pass any one single group of CA Intermediate.
  5. Enroll for Articleship training.
  6. Pass both groups of CA Intermediate
  7. Complete 3 Years of Article training.
  8. Register for CA Final Course.
  9. Pass Both Groups of CA Final.
  10. Apply for ICAI Journal Membership.

CA Course fees for Foundation, Intermediate, and Final

The total fee for CA Course for 5 years is Rs. 87,300 after class 12th and the total fee after graduation is Rs.76,200.

CA Course feesIndian StudentForeigner Student
CA Foundation₹11,300$1105
CA Intermediate- Single Group₹28,000$925
CA Intermediate- Both Group₹34,200$1500
CA Intermediate- Direct Entry₹34,400$1500
Articleship Fee₹2,000 
CA Final₹39,800$1650
Total₹87,300$4255

The total fee only includes the fee for the Registration and Examination form. Hence, the fee for Coaching is approx 2-3 lakhs for 5 years.

CA Course duration

Before joining the course, every candidate wants to know how much time duration the course will take to complete. The total duration of the CA Course is five years, and to become CA, students must pass all three levels with three years of articleship training. However, the total CA course duration after graduation is 4.5 years.

CA Course

The step-by-step procedure and CA Course duration after the 12th will be:

Step 1: Timeline in Passing 12th to Clearing CA Foundation Level= 4 Months (Mandatory Study Period in between registration and examination date is 4 Months)

Step 2: Timeline in Passing Foundation level to pass Intermediate Level = 8 Months (Mandatory Study Period between registration and examination date is 8 Months)

Step 3: Timeline in passing CA Intermediate to passing finals = 3.5 Years (Articleship is for three years and Study time period for Finals is assumed to be 5 Months)

Eligibility Criteria For CA Course at each level

Before registering for the CA Course, one must know the eligibility criteria for the course; if the candidates fulfill the eligibility criteria, then they can register for the CA Course.

CA Course
  1. CA Foundation: For registering for the CA Foundation course, the student must have passed the Class 12th exam with a minimum of 50% in the commerce stream and with a minimum of 55% if the candidate is from the science stream.
  2. CA Intermediate: Students can register for the CA Intermediate course in two ways:
  • Through the CA Foundation route: The candidate needs to clear the CA Foundation exam with a minimum of 50%.
  • Through the Direct entry route: Students can enroll for CA Intermediate exam without taking the foundation exam through the direct entry scheme. The eligibility criteria for Direct entry scheme students are: 
  • Students who are Graduates/ Post Graduates in Commerce and secured a minimum of 55% can register directly for Intermediate without passing CA Foundation or CPT.
  • Non-commerce Graduates/ Post Graduates can also register for Intermediate by securing 60% marks in Graduation/ Post Graduation.
  • Apart from the above, the students who cleared the Intermediate level of the Institute of Cost Accountants of India or The Institute of Company Secretaries of India.

3. CA Final: For CA Final exam, students need to clear both groups of CA Intermediate and 2.5 years of articleship training.

Chartered Accountancy Course Registration

If the Students fulfill the eligibility criteria, then they can register for CA Course. Students need to fill out the registration form on ICAI official Website. The forms are oper around the whole year, but the deadlines are set.
For the CA Foundation and Final Session, the last date to fill out the registration form for the May attempt is 1 Jan, and for the Nov session, it is 1 Jul. For the CA Intermediate May session, the last date is 1 Sept, and for Nov, the attempt is 1 Mar.

Documents Required For CA Course Registration

There are some documents that are required during the registration for CA Course, Check the list for documents required by CA Foundation:

  • Class 10th Marksheet
  • Class 12th Marksheet
  • Passport Size photo
  • Nationality Proof (Required for Foreign Students)
  • CA Foundation Marksheet ( For CA Intermediate Registration)
  • CA Intermediate Marksheet ( For CA Final Registration)
  • Articleship Certificate ( For CA Final Registration)

How to Register for CA Course?

After you have arranged all the documents, it’s time to know how to register for the CA Course. However, the CA Foundation is the first level, so apply for CA Foundation follow the steps below:

  • Visit the ICAI official Website.
  • Now, create a new account by entering your basic details, such as your name, contact number and Email.
  • Now, verify the OTP sent in your mail and complete the verification process.
  • Now you have your login credentials, so log in now using them,
  • Afterward, click on “Apply for the foundation.
  • Now the registration form will appear on your screen.
  • Now, enter the required details and then click on next.
  • Now, upload all the necessary documents.
  • Click and Save Next.
  • Lastly, Pay the registration fee. Hence, you are registered for the course.

Therefore, for the CA Intermediate and CA Final, the same procedure is been followed. However, by the time you will register for the CA Intermediate and final all your details will be auto-filled, only you need to log in with the same Registration and ID and upload the different documents.

Further, the fee for the CA Course registration:

CourseRegistration Fee (Indian Students)Registration Fee (Overseas Students)
CA FoundationRs.9800$780
CA IntermediateRs.15000 (Both Groups)
Rs.11000 (Single Group)
$1000 (Both Groups)
$600 (Single Group)
CA FinalRs 22000$1100

Chartered Accountancy Subjects

As seen above the CA Course is divided into three levels i.e. CA Foundation, Intermediate, and CA Final. Download the Complete CA Syllabus for all three Subjects:

CA Foundation Syllabus

The CA Foundation syllabus is divided into 4 subjects, which include accounts, maths, law, and economics.

Paper 1: Principles and Practice of Accounting

Paper 2: Business Law and Business Correspondence and Reporting

  • Part A: Business Law
  • Part B: Business Correspondence and Reporting

Paper 3: Business Mathematics, Logical Reasoning, and Statistics

  • Part A: Business Mathematics
  • Part B: Logical Reasoning
  • Part C: Statistics

Paper 4: Business Economics and Business Commerical Knowledge

  • Part A: Business Economics
  • Part B: Business Commerical Knowledge

CA Intermediate Syllabus

The CA Intermediate Syllabus is divided into two groups and Each group consists 4 subjects:

Group 1 Subjects:

Paper 1: Accounting

Paper 2: Corporate and Other Laws

  • Part A: Company Law
  • Part B: Other Law

Paper 3: Cost and Management Accounting

Paper 4: Taxation

  • Part A: Income Tax Law
  • Part B: Indirect Taxes

Group 2 Subjects:

Paper 5: Advanced Accounting

Paper 6: Auditing and Assurance

Paper 7: Enterprise Information System & Strategic Management

  • Part A: Enterprise Information System
  • Part B: Strategic Management

Paper 8: Financial Management and Economics for Finance

  • Part A: Financial Management
  • Part B: Economics for Finance

CA Final Subjects & Syllabus

The CA Final Syllabus consists of eight subjects which are divided into two groups and each group is comprised of 4 subjects:

Group 1:

Paper 1: Financial Reporting

Paper 2: Strategic Financial Management

Paper 3: Advanced Auditing and Professional Ethics

Paper 4: Corporate and Economic Law

Group 2:

Paper 5: Strategic Management and Performance Evaluation

Paper 6: Elective Papers

  • Paper 6A: Risk Management
  • Paper 6B: Financial Services and Capital Markets
  • Paper 6C: International Taxation
  • Paper 6D: Economics Law
  • Paper 6E: Global Financial Reporting Standards
  • Paper 6F: Multidisciplinary Case Study

Paper 7: Direct Tax Law and International Taxation

Paper 8: Indirect Tax Law

Best Books for Chartered Accountancy Course

There are a lot of Reference books on the Chartered Accountancy Course. However, it is suggested to the students use ICAI Study Material. But in case, if you want to use reference books then you can go for these books:

CA Foundation Books

  • Fundamentals of Accounting – D.G. Sharma
  • General Economics – S.K. Agarwal
  • Mercantile Laws for CA Foundation – PC Tulsian
  • Quantitative Aptitude Mathematics with short Tricks – CA Rajesh Jogani
  • Quantitative Aptitude – Dr T. Padma and KCP Rao
  • Padhuka Basics of Accounting for CA Foundation – G. Sekar & b Saravana Prasth

CA Intermediate Books

  • First Lesson in Accounting Standards – MP Vijay Kumar
  • A handbook on Corporate and Other Laws – Munish
  • Padhukas Students Handbook on CMA – CA B. Sarvana
  • Padhuka’s Students Handbook on Advanced Accounting – CA G. Sekar and CA B. Saravana Prasath
  • Information Technology (IT) – Dinesh Madan

CA Final Books

  • Accounting Standards – D.S Rawat
  • Accounting Standard & INDAs – CA Praveen Sharma
  • SFM Module with Solution – Rahul Malkan
  • Handbook – CA Munish Bhandari

Passing Criteria for CA Foundation, Intermediate, and CA Final

The passing criteria for all three exams are almost similar. To pass the CA Foundation Course the students must secure a minimum of 40% in Each subject and 50% aggregate.

However, to pass the CA Intermediate and CA Final Exam, the candidate must secure 40% in Each subject, and 50% aggregate in Each group.

CA Salary In India

The average CA Salary for fresher in India is about 7-8 Lakhs and it rises up to 70 Lakhs according to experience and Skills. Moreover, the salary of a Chartered Accountant depends upon their experience, job roles, Knowledge, and their ranks. Further, to get a higher package, students must score a high rank in CA Final Exam.

Furthermore, The students with the ranks in CA Final exam get priority and placement with a higher package. Check the Image below to know the CA Salary in India:

CA Salary in india

You have seen the CA Course details after class 12th, now let’s look at some of the job positions of CA.

Also, Check CMA Salary in India

Scope after CA Course in India in 2022

When it comes to the scope of Chartered accountancy, then this course has ample opportunities as the demand for the CA is increasing rapidly. Therefore, the primary reason for high demand is that there are fewer numbers of CA than required.

Also, nowadays after the implementation of the new roles and taxation policy, the demand increases more. Further, the demand graph of the CA is always going to move in an upward direction.

The CA in India can work in various sections such as:

  • CA Firm
  • Financial Institution
  • Business
  • Consultancy Firm
  • Independent Practice

Training in Chartered Accountancy Course

Training is a compulsory part of the CA Course. It is the third stage of the course and without training, the student is not eligible for the CA Final Exam. There is a total of 4 pieces of training in the chartered accountancy course, which includes three years of articleship training. These trainings are:

  • ICITSS Training
  • AICITSS Training
  • Articleship Training
  • Industrial Training

ICITSS Training

ICITSS (Integrated Course on Information Technology and Soft skills) is the first training to develop the knowledge of Information technology and soft skills in students. This training is for one month, which includes 15 Days of IT Training and 15 Days Orientation Program.

Articleship Training

The Articleship training is a 3-year training program in which the students get practical knowledge and experience for the work of CA. The students are only eligible for the articleship training after passing any one group of the CA Intermediate. Also, to apply for the articleship training students must undergo the ICITSS Training.

After completing three years of articleship training students can register for the CA Final course.

AICITSS Training

The ICAI offers a required training program called AICITSS, or Advanced Integrated Course on Information Technology and Soft Skills. You will learn two skills in this training: advanced IT and management and communication abilities. For each talent, 15 days are needed to finish.

The primary goal of this program is to equip candidates with a variety of abilities, including communication, presentation, leadership, and business environment comprehension. As a result, this training aids CA students in landing their dream jobs.

Industrial Training

In order to provide candidates with industrial understanding and functioning, industrial training is optional for CA aspirants. Therefore, individuals who are interested in developing their careers in the industry might choose ICAI’s industrial training programme. This training course is optional and subject to the candidates’ preferences.

Skills Required to Become CA

Candidates for chartered accountant jobs should possess the following abilities:

  1. Good Communication
  2. Analytical Skills.
  3. Confidentiality
  4. Ethics
  5. Honesty and Accountability
  6. Ability to constantly learn new things

Career Options for CA

A candidate who has passed the CA Examination is eligible for the following job opportunities. However, there are different sectors related to finance and taxation. So, there are various career options for them.

  • Chartered Accountant
  • Financial Manager
  • Financial Advisor
  • Financial Analyst
  • Auditor
  • Internal Auditor
  • Public Accountant
  • Cost Accountant
  • Government Accountant
  • Taxation Expert
  • Accounting Firm Manager

Important Note: ICAI will implement the CA new scheme from May 2024 attempt. Students can check the complete detail from the given link.

Why Choose a CA Course?

Opting for a CA course can open doors to a wide range of opportunities. From working with multinational corporations to becoming a financial consultant, the CA qualification is highly respected in the business world. CAs are sought after for their expertise in financial management, strategic planning, and compliance.

Prerequisites for Enrolling in a CA Course

While the specific prerequisites may vary, most CA courses require candidates to have completed their secondary education (high school). Additionally, a strong aptitude for mathematics, analytical skills, and dedication are essential traits for success in this rigorous course.

Structure of the CA Course

The CA course is divided into three levels:

Foundation Level

The foundation level covers the basics of accounting, economics, and business law. It’s designed to lay a strong foundation for more advanced concepts in the subsequent levels.

Intermediate Level

At the intermediate level, students delve deeper into subjects like taxation, financial management, and auditing. This level prepares students for the complexities they will encounter in the final level.

Final Level

The final level is the culmination of the CA journey. It includes advanced topics like strategic financial management, advanced auditing, and professional ethics.

Registration Process

To enroll in a CA course, you need to register with the respective chartered accountancy institute. The registration process involves submitting necessary documents, paying fees, and agreeing to abide by the institute’s rules and regulations.

Subjects Covered in CA Course

The CA curriculum covers a wide array of subjects, ensuring a comprehensive understanding of finance and accounting. Some of the key subjects include taxation laws, financial reporting, auditing and assurance, corporate and economic laws, and information technology.

Preparing for CA Examinations

CA examinations are known for their rigor and complexity. To succeed, candidates need to follow a disciplined study routine, refer to the recommended study materials, and practice solving past exam papers. Joining a coaching institute can also provide valuable guidance.

Articleship Training

Articleship is a crucial aspect of the CA course, offering practical exposure to the industry. During this period, students work under the guidance of experienced CAs to gain real-world experience in accounting, taxation, and audit.

Soft Skills Development

While technical knowledge is vital, CA students also need to develop soft skills such as communication, leadership, and time management. These skills are essential for effective client interactions and overall professional growth.

Challenges Faced by CA Students

The journey to becoming a CA is not without its challenges. The extensive syllabus, demanding exams, and intense competition can take a toll on students’ physical and mental well-being. Proper stress management and work-life balance are crucial.

Benefits of Becoming a Chartered Accountant

Becoming a Chartered Accountant offers numerous benefits. CAs enjoy financial stability, global recognition, and diverse career options. Additionally, their expertise is valued in various industries, making them indispensable assets to organizations.

Career Opportunities for CAs

CAs can choose from a plethora of career paths. They can work in audit firms, corporate finance departments, taxation consultancy firms, or even start their practices. Many CAs also venture into entrepreneurship or take up leadership roles in companies.

Professional Ethics and Code of Conduct

Ethics play a pivotal role in the CA profession. CAs are required to adhere to a strict code of conduct that upholds integrity, objectivity, and professional behavior. Upholding these ethical standards is essential for maintaining the credibility of the profession.

Continuous Learning in the CA Profession

The field of finance and accounting is dynamic, with ever-evolving regulations and practices. As such, CAs are expected to engage in continuous learning to stay updated with the latest trends and advancements in the industry.

Success Tips for CA Aspirants

  • Stay Consistent: The CA course demands consistent effort and dedication. Maintain a steady study routine.
  • Practice Regularly: Regular practice of problem-solving and case studies enhances your understanding of concepts.
  • Seek Guidance: Don’t hesitate to seek guidance from experienced CAs or professors when faced with challenges.
  • Stay Updated: Stay informed about changes in laws, regulations, and accounting practices.
  • Believe in Yourself: Self-confidence is key. Believe in your abilities to overcome obstacles and succeed.

Frequently Asked Question – CA Course Details

Q1. What is the duration of the CA Course?

Ans: The total duration of the CA Course after class 12th is 5 years.

Q2. What are the subjects in CA?

Ans: In CA the students will have different subjects at each level, namely, Accounts, Maths, Law, Tax, Audit, and Costing.

Q3. Is CA a three Years course?

Ans: No, the minimum course duration is 4.5 years.

Q4. How difficult is CA?

Ans: CA is considered to be the most difficult exam of all. At each level of the course the difficulty level increases. But one can easily pass the exam through hard work.

Q5. What is the Qualification of the CA Course?

Ans: You must receive a passing grade on your class 12th exam in order to be eligible for the CA Course. Graduates with a background in business must receive at least a 55% grade, while those with a background in science must receive at least a 60% grade.

Q6. What is the duration of a CA course?

The duration of a CA course typically ranges from 3 to 5 years, depending on the country and the level of commitment.

Q7. Is articleship mandatory for becoming a CA?

Yes, articleship is a mandatory training period that provides practical exposure and experience in the field.

Q8. Can I pursue other courses alongside a CA course?

While possible, it’s important to manage your time effectively, as the CA course itself is quite demanding.

Q9. Are there global opportunities for CAs?

Absolutely. The CA qualification is recognized internationally, opening doors to global career prospects.

Q10. What is the passing rate for CA examinations?

The passing rate varies each year and across different levels of the CA examinations. It’s essential to focus on preparation rather than pass rates.

Conclusion

Embarking on a CA course is a journey that requires determination, hard work, and a passion for finance. While it may be challenging, the rewards – both professionally and personally – are well worth the effort. So, if you’re ready to take on a fulfilling and prestigious career, consider starting your journey as a Chartered Accountant.

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