CA Scope/ Career/ Course Details/ Process/ New Syllabus
There is much craze among the Commerce students for CA course these days. Every Commerce Graduate/ 12th Pass student wishes to become Chartered Accountant one day. There is the reason behind that. Package in lacs with royal job encourage all the youngsters to pursue CA course. CA is considered the next to the boss in the company where he works. Before we proceed we must read some of the scopes after doing CA course -
Scope after Chartered Accountant Course -
CAs are in great demand in the Corporal Sector. They have to do the Accounts related work in the company. They know all the secrets of the company. That's why they have great reputation in the firm where they do the job. Salaries are very high from the very beginning with really good increment. Very soon they acquire the prominent position in the company.
If a CA has good fluency over English, he/she can get job at International Firm as well. Here salaries and perks are better than those in the domestic firms.
If any CA doesn't want to do the job or after some years of doing job can start his own work. He can open his own company where he can handle the cases of various firms privately. There are a no CAs who have their own big firms with a no of employees working for them.
CA as tutors
CA can also be the tutors. There are a large no of CA related coaching centres mushrooming every where especially in big cities like Delhi, Chandigarh. There is a great demand of CAs there. If you have passion for teaching and a big of confidence in teaching the subjects like Accountancy, Tax etc, you can get a very good package there, even better than salaries in the Companies.
Personal Coaching Institute for CA/ Company Secretary
You can start your own coaching institutes for CA/CS etc. There are a no of coaching institutes in Delhi and other cities which are handled by Chartered Accountants. In batch there 400 or 500 students, do you believe that? Yes it's true. So you can imagine the income.
Govt sector -
CAs are not confined to private sector only. There are vacancies in Govt Sector and Banks for Auditors, Executives where they can try their luck. Undoubtedly, the salaries are good there.
How to do CA ? CA Course Description
CA course is one of the most difficult courses in India. The Pass percentage is very low with only 3 to 8 % aspirants finally get through it. Most of the students leave this course in the lurch. So before you start this course, you must bear it in your mind that doing CA is not a cat's walk, it's like a hard nut to crack.
This course and Profession is regulated by ICAI which is the abbreviated form of The Institute of Chartered Accountants of India, New Delhi.
Step 1 - To get enrolled oneself for CPT ( Common Proficiency Test) - The Registration begins after 10th class. The aspirants can take this exam after Sr Secondary Exam.
Latest Updates regarding CA Syllabus for 2018 -
PM Minister PM Modi has released the new syllabus of CA from 1st of July 2017. This new syllabus will check the technical competence, professional skills and values besides the attitudes of the would-be CAs. From May 2018, the exam shall carry 100 Marks. The changes have been made on the occasion of 68 years' service of ICA to the country.
Subjects covered by CPT ( Latest for 2018)
The CPT exam shall carry four papers as per the latest syllabus. Paper 1 shall carry Principles and Practices of Accounting ( 100 Marks). Paper 2 and Part 1 shall have Mercantile Laws ( 60 Marks) whereas its Part 2 shall check competence of English Language ( 40 Marks). And Paper 3 will have Mathematics Logical Reasoning and Statistics with 100 Marks. Paper 4 will check the knowledge of Business Economics and Business & Commerce ( 100 Marks). We shall update the rest of the syllabus soon.
IPCC / IPCE ( Integrated Professional Competence Course/Exam) -
This is the second level for CA course. It is followed by the successful completion of CPT. The aspirants have to complete 9 months of this course before taking its exams. IPCC consists of two groups with total seven subjects which are - Paper 1 Accounting, Paper 2 Business Laws, Ethics and Communication, Paper 3 Cost Accounting and Financial Management.
Paper 4 Taxation ( Group 1) and Paper 5 Advanced Accounting, Paper 6 Auditing and Assurance, Paper 7 Information Technology and Strategic Management (Group 2). Each of the paper is of 100 Marks. The candidates are expected to obtain 40% in each of these subjects and 50% aggregated marks to ensure success in IPCC.
Training of 3 years under Practicing CA -
This is the next schedule after IPCC. This is also called articleship. It is of 3 years. The aspirants can take CA Final Exam during the last 6 months of this training.
CA Final Exam -
This is the last and most difficult stage of CA. We have seen many aspirants surrender here. But constant hard work can help you clear this group. This Exam also consists of two groups -
Group 1 consists of 4 papers namely Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Allied Laws.
Group 2 consists of 4 papers as well and they are Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Laws, Indirect Tax Laws