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Is your current pursuit to reach your career goal of becoming a CA? CA is one of the highly regarded professions in India and as a high school student, you may be unaware of where to start to reach your goal of becoming a CA professional. You can consider this blog your guiding journal and thus, to guide you on the right path, we will break up all the information into condensed parts so that it will be easy for you to ingest it.
Chartered Accountancy (CA), commonly known as Accountancy, is a professional field more suitable for Finance aspirants, who generally like to deal with Money Management. The field is an advanced study of complex financial management related to financial accounts, budgeting, auditing, business strategy and payment transactions. Chartered Accountancy is the most-loved professional field by numerous Indian students, as studying it places them in the zenith of the financial field, which is acquiring or earning the role of a Chartered Accountant.
A Chartered Accountant is a finance professional who assists business firms, individuals or governments in handling their money vigilantly. They provide expert advice on meticulously handling their hard-earned money to ensure they don't get dried out on money during their essential and critical period. Besides giving expert advice, they also guide them to manage their capital funds and invest them in the right policies.
A Chartered Accountant can be a full-time working professional for a firm, government or an individual and can also be a freelancing employee assisting people as and when they require.
Roles of a CA:
Responsibilities:
Do you know the Professional Fields where a CA can Work?
The ICAI - Institute of Chartered Accountants of India is the regulating and authorising body of the CA exam. The ICAI conducts the CA exam for CA aspirants twice a year - in May and November. The question papers are set in a way that tests the students' core financial knowledge, assessing their competency and capacity to work as a Chartered Accountant in an unsupervised and professional environment.
Let us now explore the complete CA Course Details to understand the process of registering for the exams, attending and clearing them. More information is given about the question papers asked in the exams and the weightage of marks allotted to them.
The pathway established by the ICAI to make students reach their goal of becoming a CA is clear and precise. The governing body has categorised two different paths for students. One is the CA Foundation Path and the other is CA Intermediate Path or the Direct Path.
CA Foundation Path is allocated for students who have just completed their higher education till Class XII and to attend the CA Foundation Path exam; students must have passed their XIIth final exam. Students choosing this Path must clear all the three levels of the CA exam.
They are: -
CA Intermediate Path or Direct Path is exclusively for i) students who completed their graduation or postgraduation in Commerce or other streams, ii) students who cleared the Company Secretary (CS) Executive exam conducted by the Institute of Company Secretaries of India (ICSI) and iii) students who have cleared the Certified Management Accountant (CMA) exam conducted by the Institute of Cost Accountants of India also known as Institute of Cost & Work Accountants of India (ICWAI).
Commerce graduates must score an average of 55% to be eligible to attend the CA exam and non-commerce graduates must score an aggregate of 65% overall to sit for the same.
This Path only has two levels and is enough if students pass only these two levels.
As we saw above, the Foundation Path has three levels (CA Foundation, CA Intermediate and CA Final) which are mandatory for Class XIIth students to clear them all.
ICAI has mandated that, every student must clear a level to move into another. For instance, if a student fails in a level, he/she will not be eligible to move to the next. The particular candidate must re-sit for the exam, clear it and only then has the eligibility to sit for the next level exam.
The CA Foundation Path has a series of courses and exams, which students must study and clear in order to successfully complete this path to become a CA professional.
We are providing the series of steps to be followed in order to progress to the next step and conclude the CA Foundation Path.
Completing until step 14 declares that you are through Level - 3, the CA Final.
In other words, clearing all the 20 papers of all three levels in a single attempt reflects that you are officially and legally a certified Chartered Accountant of India and can rightfully practice your profession in any firm in the country.
Read More: CA Course Details After 12th
The CA Intermediate Path or Direct Path follows the same path included in the CA Foundation Path but from the Step - 4. Since graduates and post-graduates are taking the exam, they are exempted from the Level - 1, which is the CA Foundation. As we saw above, CA Intermediate Path has only two levels, the CA Intermediate and CA Final. Let us see the steps involved in completing the Path and becoming a CA professional.
The following steps must be accomplished in the given order to reach the CA Final exam and work as a Chartered Accountant in India.
Completing till Step - 6 means that you are through the Level - 1 of the CA Intermediate or Direct Path, which is the CA Intermediate.
Completing till the Step - 11 officially demonstrates that you are through the Level - 2, the final level of the CA Intermediate Path and ready to be hired or start your career as a licensed Chartered Accountant in India.
Also Read: MBA After CA
Yes, but the options are very limited. The ICAI has established only four exam centres in abroad cities, which are Abu Dhabi and Dubai (UAE), Kathmandu (Nepal) and Muscat (OMAN).
No. Being a foreign national, you cannot attend the CA exam unless you have Indian Citizenship and an Indian passport.
Exam Level |
Registration Time |
Validity of the Registration |
Exam Fees |
Question format |
Negative Marking |
Medium of Exam |
CA Foundation |
For May 2023 exam - the last date to register - January 1, 2023 For November 2023 exam - the last date to register - July 1, 2023. |
3 Years 3 Years |
₹ 9,800 ₹ 9,800 |
Paper 1 & 2 - Subjective Type Questions Paper 3 & 4 - Objective Type Questions |
For Subjective questions - No Negative Marking For Objective questions - ⅓ mark is deducted |
Both English & Hindi |
CA Intermediate |
For May 2023 exam - the last date to register - September 1, 2022 For November 2023 exam - the last date to register - March, 2023 |
4 Years 4 Years |
₹ 13,000 ₹ 13,000 |
Paper 1 & 2 - Subjective type questions Paper 3 & 4 - Objective type questions |
No Negative Marking in the entire eight papers |
Both English & Hindi |
CA Final |
For May 2023 exam - the last date to register - January 1, 2023 For November 2023 exam - the last date to register - July 1, 2023 |
5 Years 5 Years |
₹ 22,000 ₹ 22,000 |
Each question has two parts. The first part has an MCQ question for 10 marks. The next part has subjective-type questions in the form of case studies. |
For subjective type questions - No Negtaive Marking. For Objective type questions - 25% deduction |
Both English & Hindi |
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