Chartered Accountancy is considered to be one of the most popular career options in India. It is not easy to get into but if you somehow manage to become one, then it offers a high salary and respect among the people. The ICAI conducts a three-level examination to hire the eligible candidates for the designation of Chartered Accountant.
To become a CA in India, you have to pass all of the examinations with at least 40% marks in each of the subjects and an aggregate of 50%. To pass the examination you need to do a course that will give you in-depth knowledge about all the jobs in connection with CA.
The role of a CA
The role of a CA in India is to have the authority to audit the accounts. They need to guide accounting staff in bookkeeping as well. You must guide the clients in all the matters that generally relate to taxation, budget management, investment, and investments. As a CA, you also need to do financial reporting along with maximization of the profit.
Types of CA
It is a very promising career option after doing CA. It will also provide you with different job profiles such as:
- Finance Manager
- Taxation Consultant
How to become a CA
If you are passionate enough to become a CA in India, you need to prepare for passing the 12th standard with 50% marks. Anyone interested to become CA after 12th needs to pass the CA CPT exam. After clearing CA entrance test, ICAI provides them a certificate. The course has three levels including IPCC, CPT, and FC.
- Undergraduate students don’t have to sit for CA CPT exam. Commerce background students have to score 55% in their graduation and those who don’t come from a commerce background need to score above 60%. Students who had mathematics in their graduation have to score 55% to become CA.
- Post-graduate students have to score 55% in commerce along with 55% marks in mathematics. They have to score 60% in post-graduation to become a CA.
Fields of Chartered Accountancy
You can work as CA in India in various fields such as Chartered Accountant Firms, Institutions, Business and Industries, Capital Market Services, Consultancy Firms, Financial Institutions, etc.
Nowadays, the designation of CA in India has become popular due to its high demand and high salary. So, you need to work hard and be persistent if you want to clear the courses.