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How to become a Chartered Accountant (CA) in India

Ankit Agrawal - Friday 1st January 2021

Career in  Chartered Accountancy

Career in Chartered Accountancy

Do you have a natural inclination towards numbers and problem-solving? Do you like accounting and finance? Do you have an innate interest in business? If yes, you should become a chartered accountant.

 

Chartered Accountant (CA) is a professional who work in the field of finance and business. CA would provide financial and investment advice to their clients and also guide them about money management. Their primary work responsibilities are auditing, taxations, financial accounting and reporting and its general management. CA can work in a private company and are hired by the government. 

 

Examples: TN Manoharan is one of the most successful Chartered Accountants in India. He is the Chairman of Canara Bank. He is best known for restructuring the accounting scandal-hit IT company, Satyam Computers. He was also a former President of the Institute of Chartered Accountants of India (ICAI).

Kumar Mangalam Birla is another example of one of the most famous Chartered Accountants in India. He is the Chairman of the Aditya Birla Group, which is one of the largest conglomerates in the country. 

What are the roles and responsibilities for Chartered Accountant (CA)?

 

  • Prepare, examine, or analyze accounting records and financial statements.
  • Analyze financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  • Establish tables of accounts, and assign entries to proper accounts.
  • Provide internal and external auditing services for businesses or individuals.
  • Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
  • Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
  • Report to management regarding the finances of establishment.
  • Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
  • Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
  • Maintain or examine the records of government agencies.
  • Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
  • Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  • Represent clients before taxing authorities and provide support during litigation involving financial issues.
  • Prepare forms and manuals for accounting and bookkeeping personnel and direct their work activities.
  • Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value, and location of the property.
  • Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.

How to Become a Chartered Accountant (CA) in India?

There are 3 ways to become a Chartered Accountant (CA) in India

Career Path 1

Student can do 12 (Commerce/maths Stream). Then complete Persue Bachelors of Commerce. Further you can Proceed with Clear CPT and IPC Exam . Further you can Proceed with Pursue Articleship for 3 years . Further you can Proceed with Clear the CA final exam.

Career Path 2

Student can do 12 (Commerce Stream). Then complete Bachelors in Commerce. Further you can Proceed with Clear IPC exam. Further you can Proceed with Clear IPCC Exam. Further you can Proceed with Pursue Articleship for 3 years . Further you can Proceed with Clear the CA final exam.

Career Path 3

Student can do Persue Masters in commerce/Business Management. Then complete Clear IPCC Exam. Further you can Proceed with Pursue Articleship for 3 years . Further you can Proceed with Clear the CA final exam.

What are the key skills required for Chartered Accountancy?

  • Budget Management
  • Evaluation and Management Auditing
  • Financial Advisor
  • Strategic Accounts
  • Accounting
  • SAP
  • SAP Financial Accounting and Controlling (SAP FICO)
  • Financial Analysis
  • Auditing
  • Account Management
  • Tax Consulting
  • Tax Compliance
Should I become a Chartered Accountant (CA)
Check your career fit for Chartered Accountancy in 35 Min

What are the career opportunities in Chartered Accountancy?

  • Accounting Clerks
  • Bookkeeping
  • Cost Accountant
  • Financial Analyst
  • Financial Managers
  • Internal Auditor
  • Treasurers and Controllers
  • Chartered Accountants Public Accountant

What is the salary and demand for Chartered Accountant (CA)?

  • Demand is High for Chartered Accountancy.
  • Salary levels are High for Chartered Accountancy. For fresher average salary is more than 5 Lacs.
  • Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
  • Level of preparation for Chartered Accountancy is High. Students spend more than 1 Year. to prepare for entrance test of Chartered Accountancy.

1 Fees
Medium
2 Demand
High
3 Salary
High
4 Level Of Preparation
High

Career Videos for Chartered Accountancy as a career curated from Youtube

What are the best colleges for Chartered Accountancy in India?

For Graduation

  • Shri Ram College of Commerce
  • Lady Shri Ram College for Women
  • Hindu College
  • Hansraj College
  • Loyola College
  • Christ University, Commerce And Management, Bangalore
  • Stella Maris College, Chennai
  • Symbiosis College of Arts and Commerce, Pune
  • Madras Christian College - [MCC], Chennai
  • Mithibai College of Arts, Mumbai

For Post Graduation

  • Shri Ram College of Commerce
  • Lady Shri Ram College for Women
  • Hindu College
  • Hansraj College
  • Loyola College
  • Stella Maris College, Chennai
  • Madras Christian College - [MCC], Chennai
  • Mithibai College of Arts, Mumbai
  • Sri Guru Gobind Singh College of Commerce
  • Sri Venkateshwara College

What are the best entrance exam for Chartered Accountancy in India?

For Graduation

  • Guru Gobind Singh Indraprastha University Common Entrance Test-IPU CET 2022
  • National Test for Programs After Twelfth-NPAT 2022
  • Banaras Hindu University Undergraduate Entrance Test-BHU UET 2022
  • University of Petroleum and Energy Studies Design Aptitude Test-UPES DAT 2022
  • Jagannath University Entrance Exam-JUEE 2022
  • Integral University Entrance Test-IUET 2022
  • Uttaranchal University Entrance Examination-UUEE 2022
  • Sharda University Admission Test-SUAT 2022
  • Jammu University Entrance Test-JUET 2022
  • All India Management Association Under Graduate Aptitude Test-AIMA UGAT 2022

For Post Graduation

  • Punjab University Combined Entrance Test-PU CET 2022
  • Osmania University Common Entrance Test-OUCET 2022
  • Jain Entrance Test-Jain Entrance Test 2022
  • ACHARYA NAGARJUNA UNIVERSITY POST GRADUATE COMMON ENTRANCE TEST-ANUPGCET 2022
  • Allahabad University Post Graduate Admission Test-Allahabad University PGAT 2022
  • Yogi Vemana University Common Entrance Test-YVUCET 2022
  • Central Universities Common Entrance Test-CUCET 2022
  • Andhra University Common Entrance Test-AUCET 2022
  • Dravidian University Common Entrance Test-DUCET 2022
  • KU Post Graduate Common Entrance Test-KU PGCET 2022

Is career in Chartered Accountancy good choice for me?

Should I become a Chartered Accountant (CA)? not sure. Take 20 Min free career test to find out are you fit for career in Chartered Accountancy.Check career suitability for Chartered Accountancy

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