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Chartered Accountant (CA) - ArivuPro Accountant...آ  •A Chartered Accountant is an expert of...

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  • Chartered Accountant (CA)

    Arivupro Academy

  • Who is a CA? • A Chartered Accountant is an expert of

    Accounting, Taxation & Audit.

    • This professional works in all fields of business, finance, and general management. They engage in the private sector and government bodies.

    • In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949.

    • Associate members of the ICAI are entitled to add the prefix CA to their names. Members who are in full-time practice, and have completed five years of practice, can use FCA. As of April 2017, the ICAI had nearly 2,70,000 registered members.

  • How to Register for CA?

    • STEP 1: A student must have passed 10+ 2 examination or class XII examination from a recognized institution. In case the result of class XII has not been declared at the time of registering for CA Foundation, the students can apply for provisional registration

    • STEP 2: A student may register for the CA Foundation Course using this link: https://www.icai.org/post.html?post_id=6533

    ArivuPro Academy can help you to register

    https://www.icai.org/post.html%3Fpost_id=6533

  • Foundation Route

    Register with ICAI after appearing in

    Class XII Examination till June 30/Dec.31

    Eligible to appear in Nov/May exam after

    passing Class XII Examination

    Qualify Foundation Register for Intermediate Course

    Appear after Study Period of 8 months & Pass in either or Both

    Groups of Intermediate

    Complete Four weeks of ICITSS before

    commencement of practical training

    Register for 3 years of practical training (PT)

    Register for CA Final course after passing both Groups of Intermediate

    Successfully complete 4 weeks of Advanced

    ICITSS in last two years of practical training (PT)

    Appear in Final Exam during last six months of PT & after successfully

    completion of Advanced ICITSS

    Complete Practical Training Qualify Final Exam Become Member of ICAI

  • Direct (Graduation) Entry Route

    Commerce Graduate/ Post Graduate (55%) Other Graduate/Post

    Graduate (60%)

    Register for Intermediate Course

    undergo Four weeks of ICITSS

    Join 3 years practical training and appear in

    Intermediate exam after 9 months of practical

    training

    Register for CA Final course after passing

    both Groups of Intermediate

    Successfully complete 4 weeks of Advanced

    ICITSS in last two years of practical training (PT)

    Appear in Final Exam during last six months

    of PT & after successfully completion

    of Advanced ICITSS

    Complete Practical TrainingQualify Final Exam

    Become Member of ICAI

  • Direct (Other Professional Course) Entry Route

    Intermediate Pass students of the ICWAI

    and ICSI Register for

    Intermediate Course

    Appear after Study Period of 8 months & Pass in either or Both

    Groups of Intermediate

    Complete Four weeks of ICITSS before

    commencement of practical training

    Register for 3 years of practical training (PT)

    Register for CA Final course after passing

    both Groups of Intermediate

    Successfully complete 4 weeks of Advanced

    ICITSS in last two years of practical training (PT)

    Appear in Final Exam during last six months

    of PT & after successfully completion

    of Advanced ICITSS

    Complete Practical Training Qualify Final Exam Become Member of ICAI

  • CA Foundation ü Paper 1: Principles and Practice of Accounting (100

    Marks) (SUBJECTIVE) ü Paper 2: Business Law, Business Correspondence &

    Reporting (100 Marks (SUBJECTIVE) ü Paper 3:Business Mathematics, Logical Reasoning &

    Statistics (100Marks) (OBJECTIVE) ü Paper 4: Business Economics & Commercial Knowledge

    (100Marks) (OBJECTIVE)

  • CA Intermediate Group 1

    Paper 1: Accounting (100 Marks) Paper 2: Corporate laws and other laws (100 Marks)

    ü Section A: Corporate laws (60 Marks) ü Section B: other laws (40 Marks)

    Paper 3: Cost and Management of Accounting (100 Marks) Paper 4: Taxation (100 Marks)

    ü Section A: Income Tax Law (50 marks) ü Section B: Indirect Tax Law (50 marks)

  • CA Intermediate Group 2

    Paper 5: Advanced accounting (100 marks) Paper 6: Auditing and Assurance (100 marks) Paper 7:Enterprise Information System and Strategic Management (100 marks)

    ü Section A: Enterprise Information System (50 Marks) ü Section B: strategic Management (50 Marks)

    Paper 8: Financial Management & Economics for Finance (100 Marks)

    ü Section A: Financial Management (50 Marks) ü Section B: Economics for Finance (50 Marks)

  • What is in store after CA? • There is a host of opportunities available for a qualified CA in the market. One can explore the following options: • Practice Taxation (International taxation, GST, etc) • Become an Auditor (Statutory audit of Companies, Internal /management audit of companies, Cooperative audits,

    Forensic audit) • Management consultancy services (Project Financing, Mergers & acquisition, Valuation, FEMA) • Work for the Big 4s (EY, Deloitte, KPMG & PwC) • Become an Investment Banker • Pursue CPA, CFA, ACCA, CIMA, CS, CWA etc (Exemptions in respective courses as per respective regulations) • Become an entrepreneur or CFO or CEO or COO • Pursue civil services (IRS, IFS, IAS officers) • Become the Chairman of SEBI or Income Tax Appellate tribunal or other bodies • Opportunities abroad: A Qualified CA of India can get jobs abroad. The MoU with CISA Canada has expired & so one

    needs to write all the papers of the course. Also CPA(Australia) & CPA(USA) are available options. A CA can qualify the CPA(Australia) by writing just 2 papers instead of 8. ACCA also gives a 9 papers exemption out of 13 for Qualified CA.

  • How much does a CA make? • Like the various portfolios the income varies too.

    • In employment, for instance, where the Big 4s pay an annual package of Rs. 800,000 to 15,00,000 to a fresher, other companies may pay a little lesser. Thus the average salary of Chartered Accountants in India ranges from 6-7 lakhs to 30 lakhs.

    • International packages are pretty high ranging up to Rs. 75,00,000 or even more depending upon the employer firm, experience of the candidate, etc. Rank holders, however get a priority over the others.

    • When we look at the income of a practicing CA, he makes something in between Rs. 4,00,000 to 40,00,000.

  • Pros & Cons of becoming a CA

    Pros Cons

    Income Stability

    Versatile profession

    Always in demand

    & Faster growth

    Can become an entrepreneur

    Difficult course

    Passing % is quite low

    5 years duration

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