A Chartered Accountant is like a moral police who ensures that all financial transactions of an organization are according to the law, keeping track of cost management and managing all the tax matters. A CA specializes in accounting, auditing, corporate finance, project evaluation, company and other business laws, taxation and corporate governance, consultancy and investigation. Businesses of all sizes employ CAs to implement and oversee all the government regulations and to get their accounts audited if registered under the Companies Act.
The Institute of Chartered Accountants of India (ICAI) is the Statutory Body established for the regulation of Chartered Accountancy (CA) Course in India. The Institute has arranged the academic preparation and examinations into 4 stages
Stage 1: Candidates who have appeared in the Higher Secondary or Senior Secondary examinations can provisionally register with the Institute and appear for the CA CPT exams.
CPT is a multiple-choice objective-type examination, in the subjects relating to - (a) Fundamental of Accounting, (b) Mercantile Law, (c) General Economics, and (d) Quantitative Aptitude.
Stage 2: Orientation and Infotech Training & Integrated Professional Competence Course - IPCC
A student who has passed - (a) CPT, and (b) Senior Secondary Examination (10+2 Examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, may join the IPCC.
Stage 3: Articleship Training
• After passing the IPCC exams, the student should register with the ICAI for the Final Course and 3 years of Articleship.
• During the Articleship period, the students are required to get themselves trained under an Auditor.
Stage 4: Final Exams
• Eligibility: A candidate is eligible to appear in the Final Exam, if he has completed the Articleship training or is serving the last 6 months of his Articleship training.
course, the candidate can apply for membership.
Course Duration: CA immediately after Schooling along with Graduation in Correspondence for 4 years and in Regular College for 6 years.
What will be the cost or fee of Chartered Accountant
The maximum cost involved in pursuing the CA course for the entire 4 years will amount to Rs.1,50,000 (appx). The cost includes –
• The ICAI registration and examination fees at different stages.
• Fees for private coaching classes and books.
During the 3 years of Articleship, the students are paid a minimum stipend of Rs.3,000 to Rs.5,000 per month. The amount spent on the course is recovered through the stipend received during the Articleship period.
Some of the average monthly earnings of a Charted Accountant
Pre Qualification is between Rs. 2,500 - Rs.3, 000
Fresh CAs Rs. 5,000 - Rs. 6,500,
Accounts Managers Rs. 6,500 - Rs.8,500
Financial Controllers Rs. 8,500 - Rs. 15,000,
Directors Rs. 10,000 - Rs. 25,000 and
An experienced CA may get monthly earnings more than Rs. 50,000 in India and 5,00,000 in abroad
According to the company they work for or depending upon the cities they are working in.
Top institutes or colleges of Chartered Accountant
• CA Institutes in New Delhi
• CA Institutes in Bangalore
• CA Institutes in Hyderabad
• CA Institutes in Mumbai
• CA Institutes in Pune
• CA Institutes in Jaipur
• CA Institutes in Surat
• CA Institutes in Noida
• CA Institutes in Bhubaneshwar
• CA Institutes in Vadodara
• CA Institutes in Delhi
• CA Institutes in Gujarat
• CA Institutes in Uttar Pradesh
• CA Institutes in Andhra Pradesh
• CA Institutes in Orissa
• CA Institutes in Maharashtra
• CA Institutes in Karnataka
• CA Institutes in Rajasthan