Chartered Accountancy (CA) is a degree given to an accounting proficient who has gotten accreditation from a legal body that he/she is able to deal with the issues related accounting and tax collection from a business, similar to record government forms, review fiscal reports and strategic approaches, keeping up records of ventures, getting ready and assessing money related reports and archives. A Chartered Accountant is additionally able to offer warning administrations to customers who incorporate organizations and people. The ICAI, is a legal body which controls and keeps up the calling of Chartered Accountants in India.
Under the Scheme of Education and Training, an applicant can go after Chartered Accountancy Course either through, Foundation Course Route or Direct Entry Route. Foundation course is the starting point into the course after Class XII, while Direct Entry is for the individuals who have already finished Graduation.
The 3 levels of exams are:
1. CPT (Common Proficiency Test)
2. IPCC (Integrated Professional Competency Course)
3. CA Finals
After clearing CPT, one can register for IPCC which consists of 2 rounds and after clearing IPCC, one take take CA finals which is again in 2 rounds. In between IPCC and finals, students also have to go through a compulsory 3 years articleship under an already practicing CA. After clearing the finals, the person becomes an chartered accountant. CA is one of the most coveted professions in the entire world.
CAREERS AND JOBS:
A Chartered Accountant has vast opportunties. He can work in corporate sector with companies, or with CA firms or he can also be a practicing CA. The jobs pertain to finance domain such as preparation of balance sheet, auditing etc.
Eligibility to start Articleship :After clearing Group I of IPCC.
Eligibility to appear for IPCC: After 9 months of Study after CPT.
Eligibility for Finals: After clearing IPCC and compleing articleship.