CA Course Complete Details | CA Overview, Eligibility, Duration, Fees 💯

Summary

This comprehensive video provides a detailed overview of the Chartered Accountancy (CA) course in India. It covers eligibility, fees, stages, subjects, and career prospects for aspiring CA students. The course is divided into three stages: Foundation, Intermediate, and Final, with key subjects like Accounting, Business Law, and Economics. The video also highlights the costs involved, the potential earnings post-qualification, and the importance of regularity and consistency in preparation. With a focus on practical training through Article-ship and advanced IT skills, the content offers valuable insights for anyone interested in pursuing this prestigious career.

Takeaways

• 😀 CA (Chartered Accountancy) is a prestigious course that can lead to financial independence, power, and reputation for students. It is one of the most respected professions in the field of finance.
• 😀 The CA course is divided into three stages: CA Foundation, CA Intermediate, and CA Final. Each stage has its own set of exams and requirements.
• 😀 CA Foundation can be attempted right after completing class 12, and it consists of four papers covering subjects like Accounting, Business Law, Quantitative Aptitude, and Business Economics.
• 😀 To pass the CA Foundation exam, students need a total score of 200 out of 400, with at least 40 marks in each subject. The exam includes both subjective and multiple-choice questions.
• 😀 CA Foundation exams are held three times a year: in January, May/June, and September. Students can choose the exam cycle based on their preparation timeline.
• 😀 After completing the CA Foundation, students progress to CA Intermediate, which consists of two groups, each with three papers. The Intermediate exam is also held three times a year.
• 😀 After passing CA Intermediate, students must undergo a two-year Articleship (internship) in a CA firm or corporate organization, learning practical aspects of accounting and finance.
• 😀 Post Articleship, students must complete an advanced training course (ICITSS) before attempting the CA Final exams, which are divided into two groups, each with three papers.
• 😀 The CA course is costly, with a total fee of approximately ₹90,000 across all stages. However, students often receive stipends during their Articleship, which helps offset the costs.
• 😀 CA professionals have the authority to sign off on a company's financial statements and perform auditing, taxation, and investment banking, giving them significant influence and career opportunities.
• 😀 While the CA course requires consistency and hard work, there is a fallback option: students who don't clear the CA Final can receive a Business Associate qualification, which can enhance employment prospects in accounting and finance.

Q & A

What is the duration to complete the CA course in India?

The Chartered Accountancy (CA) course can be completed in approximately 3.5 years if all stages are cleared in the first attempt. This is a significant reduction from the earlier duration of around 5.5 years.

What is the approximate cost of completing the CA course?

The total cost of completing the CA course is roughly ₹90,000, spread across various stages, including registration, exam fees, and other costs related to the CA Foundation, Intermediate, and Final levels.

What are the eligibility requirements to start the CA Foundation course?

To be eligible for the CA Foundation course, candidates must have completed their 12th-grade exams in any stream—Science, Commerce, or Arts. However, students from a non-Commerce background might face additional learning challenges in subjects like Business Law and Accounting.

How many stages are there in the CA course and what are they?

The CA course is divided into three main stages: CA Foundation, CA Intermediate, and CA Final.

What are the subjects covered in the CA Foundation exam?

The CA Foundation exam consists of four papers: Accounting, Business Law, Quantitative Aptitude (including Logical Reasoning and Statistics), and Business Economics.

What is the passing criterion for the CA Foundation exam?

To pass the CA Foundation exam, candidates must score at least 200 out of 400, with a minimum of 40 marks in each subject. The exam consists of four papers, and negative marking applies in the Quantitative Aptitude and Business Law papers.

How frequently are CA Foundation exams held?

The CA Foundation exam is held three times a year: in January, May/June, and September.

Can a graduate skip the CA Foundation exam and directly enter CA Intermediate?

Yes, a graduate from a Commerce stream with at least 55% marks is eligible to skip the CA Foundation exam and directly appear for the CA Intermediate exam. Non-Commerce graduates must have at least 60% marks to do so.

What is the significance of Articleship in the CA course?

After clearing CA Intermediate, students must undergo a two-year Articleship, which is a form of practical training. This allows students to work under the supervision of a practicing CA or in a corporate firm to gain hands-on experience.

What is the potential salary range for a Chartered Accountant?

The salary for a Chartered Accountant can vary significantly depending on experience and the sector they work in. A newly qualified CA can earn between ₹6-12 lakhs annually, with experienced professionals earning up to ₹25 lakhs or more, and top-level CAs even earning ₹50 lakhs to ₹1 crore annually.