Here’s Your Guide To Understand The Stages of CA Course
Being a Chartered Accountant (CA) is a dream for many students. In India, becoming a CA is not just an ambition of students but also a dream of a zillion parents. Every year, the Institute of Chartered Accountants of India sees a multitude of students appearing for this examination. Thus, it's no news that our aspiring CAs witness cut-throat competition. Cracking this examination is not an easy feat. It requires a robust strategy and countless hours of study.
The designation of a Chartered Accountant is certified by a statutory body after testing a student on the grounds of corporate laws, accountancy, taxation, analytical skills, and more. In India, this certificate is granted by the Institute of Chartered Accountants of India (ICAI). If you want to be a CA, you must clear four stages of the course. The duration of the course is 4.5 years, provided the candidate clears all examinations in the first attempt.
Here's a guide on the stages you need to accomplish in order to get the Chartered Accountant's title. Once you have understood the course, it would be easier for you to create a schedule that will help you seize your dream.
CA Foundation Course
The first step is to register for the CA Foundation course; this should be done after clearing the HSC exam. If you are a graduate, you can directly appear for the CA Intermediate Course through the Direct Entry option. CA Foundation is an entry-level exam, which tests your proficiency in the field of commerce. They must register for this course through the official ICAI website that provides a registration number, user ID, and a password. The total fees include an exam fee, an online form fee, and a journal for the students. Candidates must also fill the CA Foundation exam form to receive the admit card for the examination centre.
Once the HSC results are out (assuming you have cleared the exam), you have at least four to five months to prepare for the CA Foundation examination. Every year, this examination is held in June and December. This course has four subjects and you must get at least 40% in each subject or 50% aggregate score.
CA Intermediate Course
If you have cleared the CA Foundation course, you can register online for the CA Intermediate exam. This exam is conducted in May and November. The registration is valid for four years, which means that one can attempt this exam eight times. You get nine months to prepare for this course once the result for the Foundation exam is declared. The syllabus includes two groups and each group has four subjects. Although graduate students can skip the CA foundation course and appear for CA Intermediate exam directly, they need to complete nine months of practical training.
This stage of the CA course is critical, and you need good coaching to clear this examination. Without coaching, it can be difficult for any student to clear the CA Intermediate exam. At JK Shah Classes, we offer concept-based teaching and exhaustive study material. Our qualified teachers ensure the timely completion of the syllabus. It gives you enough time for practice and revisions before appearing for the exam.
CA Articleship Training
Once you have cracked the CA inter exam, you must go through three years of mandatory training or Articleship. You can commence the training after passing in both the groups of CA Intermediate. The candidate must also complete the four-week Integrated Course of Information Technology and Soft Skills (ICITSS) after one year of Articleship.
Three years of Articleship provides practical exposure, allowing you to work over GST, Income Tax, Audit, and more. If you start with your Articleship after clearing a group, you will have to study for the next group simultaneously. Hence, it is advised that students must clear both the groups before entering the Articleship training.
CA Final
To appear for CA Final examination, you can register for CA final during the last six months of practical training period. The validity of this registration is five years. Every year this exam is held in May and November. The CA final course is also divided into two groups with four subjects each. To clear this exam, you must acquire a 40% mark in each subject or 50% aggregate.
CA Final is the toughest stage in the CA course. It requires expertise in all subjects and coaching becomes mandatory for candidates. We, at JK Shah classes, are known to be the pioneers of CA coaching in India.
Our CA crash course is now available through JK Shah online classes. We offer pre-recorded lectures that give you the option of seeking guidance from the comfort of your home. We offer personalised study plan, a unified system for doubt-solving, unique lecture formats, and conduct regular tests.
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Topics:
- Exam
- Preparation
- CA