Are you dreaming of becoming a CA and wondering where to start? The CA course is the perfect pick for students who want to make a career in the field of finance and accounting. This prestigious professional qualification has worldwide recognition and opens numerous doors of opportunities in the field of finance and business. In this blog post, we will provide you with a brief guide on how to become a Chartered Accountant, the different levels of the CA course, its fee structure, eligibility criteria, and other related details. So, let’s get started.
Chartered Accountancy Course Levels:
The duration and difficulty level of each course varies, making it essential to understand each level before embarking on the journey of becoming a CA.
Foundation Course: It is the first level of the CA course that introduces the world of accounting and finance to aspiring students. Students will know about various topics such as economics laws, accounting principles, and business correspondence. To enroll in the foundation course, students must have 10+2 qualifications.
Intermediate Course: The second level is the intermediate level which is divided into two groups, Group 1 and Group 2. Each group has 4 subjects making a total of 8 subjects at an intermediate level. At this CA level, students learn about topics such as advanced accounting, taxation, corporate laws, and auditing. Students with 10+2 or equivalent and who have cleared the CA foundation level are eligible to enrol for this course. Students with undergraduate degrees can enrol for intermediate courses under direct entry.
Final Course: The last and the most challenging level of the CA course is CA final exams. The level has two groups and a total of eight subjects, 4 in each group. The final course covers topics such as strategic financial management, advanced auditing, and professional ethics, among others. Students who have cleared both groups of intermediate level, hold a graduation degree, and are undergoing mandatory articleship are eligible to enrol for CA final exams.
CA Course Old vs. New Scheme:
The CA course has recently undergone a significant change in its curriculum and exam pattern. The revised curriculum is effective from May 2024 and will be more practical and relevant to the current business environment.
Under the new scheme, the subjects in the Chartered Accountancy course have been removed or replaced in all three levels which has reduced the complexity of the course. In the current scheme, there were 06 subjects, but in a proposed CA new Scheme, there are only 04 subjects.
The intermediate course has also changed, and the syllabus now has more practical aspects than theory. The subjects in the intermediate course have been reduced to six subjects from 08 subjects, 03 subjects in each group.
Self-paced modules are introduced in the course which are mandatory to clear to be eligible for CA final level. In the new scheme, there are only 06 subjects, including self-paced online modules. The final course has also been modified, and the focus is more on application and analysis rather than rote learning.
CA Course Fees:
The fees are different for various levels of the CA course. CA Foundation course registration fees is Rs 11,000, and additional fees for study material. The registration fee for the intermediate is Rs 18,000 for one group and 34,200 for both groups. The total fee for the final course, including registration, examination, and practical training is Rs 39,800. The tuition fees for each course are different and depend on the coaching institute to which you enrol. The average tuition fees can range from Rs 50,000 to Rs 1,50,000 per level.
CA Course Details After 12th:
The CA course is an excellent option for 12th-pass students who want to make a career in the accounting and finance field. Students can enrol for the CA foundation level, which is the first step for the CA journey and takes the exam when they clear the 12th exams. Students who passed their 12th in commerce or other stream can register for the foundation level.
To enrol in the Chartered Accountancy course after the 12th, students must register with the ICAI. Once the registration is complete, students can enrol in the foundation level and begin their journey of becoming a CA.
Conclusion
The Chartered Accountancy course is an excellent choice for anyone looking to pursue a career in finance and accounting. It is a challenging course that requires high dedication and perseverance, but the rewards are plentiful. Becoming a CA opens many doors of opportunities and provides a secure and rewarding career. In this blog post, we provided you with an overview of the different levels of the CA course, its fee structure, and eligibility criteria. We hope this guide will help you kick start your journey to become a Chartered Accountant.
Also, read: How to Use a Model Paper to Prepare For Class 12th Board Exams
