CA Course Details After 12th: Eligibility, Syllabus, and Career Scope
Are you considering a career in finance and accounting after completing your 12th standard? Look no further than the Chartered Accountancy course! This complete article is designed to equip you with the knowledge, skills, and expertise needed to succeed in the field of accounting and provide complete CA course details after the 12th.
Table of Content
Pursuing a CA after 12th standard can be a rewarding career path. However, it's important to understand the duration required to complete the course and the training involved. Start your CA journey to finish 12th and dedicate 4.5–5 years to studying.
Studying a career in Chartered Accountancy (CA) offers various benefits, making it one of the most sought-after and challenging professional courses in the nation. By choosing this career path, individuals can unlock doors to a global career, impressive salary packages, and a world immersed in numbers, logic, and problem-solving.
CA Course Details After 12th: Highlights
Check the overview of the CA course after 12th in the below table:
CA Course Details | |
CA Full Form | Chartered Accountant |
Governing Body | ICAI |
CA Levels | CA Foundation, CA Inter, and CA Final |
CA Eligibility |
|
Type of Degree | Professional |
CA Registration Fees |
|
CA Jobs |
|
Official website | www.icai.org |
What is the CA Course?
A Chartered Accountant (CA) is a highly skilled professional who serves as a financial controller in various industries and sectors. With their expertise spanning multiple roles, CAs can excel in positions such as tax accountant, management accountant, financial accountant, financial analyst, budget analyst, auditor, and many more, making them a valuable asset to any organization.
How to Become a CA: Eligibility Criteria
Studying CA after the 12th candidates need specific CA eligibility after 12th requirements. Here is the breakdown of what you need to qualify.
- The candidate must have completed their senior secondary examination, which means a 10+2 examination.
- Be registered for intermediate/professional education or intermediate/professional competence.
- Students must be registered for the Intermediate IPC course without ATC
- By fulfilling these eligibility requirements, aspiring Chartered Accountants can take the first step toward achieving their career goals.
How to Study a CA Course After 12th?
Are you a 12th-standard student aspiring to become a Chartered Accountant (CA)? Pursuing a CA course can be a challenging yet rewarding career path. Here's a step-by-step guide on how to study a CA course after 12th:
Step 1: Meet the Eligibility Criteria
After completing your 12th standard, ensure you meet the eligibility criteria set by the Institute of Chartered Accountants of India. You should have scored a minimum of 55% marks in your 12th examination.
Step 2: Register with the ICAI
First of all, register with the ICAI for the CA Foundation course. You can register online through the official website of ICAI. Make sure to fill out the application form carefully.
Step 3: Prepare for the CA Foundation Exam
Once you have registered with ICAI, start preparing for the CA Foundation exam. The exam consists of four papers:
CA Foundation New Course | |||
S. No | Paper Name | Marks | Types of Questions |
Paper 1 | Accounting | 100 Marks | Objective |
Paper 2 | Business Laws | 100 Marks | Objective |
Paper 3 | Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics |
100 Marks Part A: 40 Marks Part B: 20 Marks Part C: 40 Marks |
Subjective |
Paper 4 | Business Economics | 100 Marks | Subjective |
Focus on building a strong foundation in accounting, business laws, and mathematics. Use study materials provided by the ICAI, and consider joining a coaching class or online course to supplement your studies.
Step 4: Appear for the CA Foundation Exam
Appear for the CA Foundation exam, which is usually held in May/September/January every year. Make sure to fill out the exam application form carefully and pay the required exam fee.
Step 5: Enroll in the CA Intermediate Course
After clearing the CA Foundation exam, enroll in the CA Intermediate course. This course consists of two groups of papers:
- Group 1: Accounting, Corporate Laws, Cost and Management Accounting, and Taxation
- Group 2: Taxation, Advanced Accounting, Auditing and Assurance, Enterprise Information Systems, and Financial Management
Focus on building your technical skills and knowledge in accounting, taxation, and auditing. Use study materials provided by the ICAI, and consider joining a coaching class or online course to supplement your studies.
Step 6: Appear for the CA Intermediate Exam
Appear for the CA Intermediate exam, which is usually held in May/September/January every year. Make sure to fill out the exam application form carefully.
Step 7: Complete the CA Final Course
After clearing the CA Intermediate exam, enroll in the CA Final course. This course is divided into two groups of papers:
- Group 1: Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, and Corporate and Allied Laws
- Group 2: Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Laws, and Indirect Tax Laws
Focus on building your technical skills and knowledge in financial reporting, strategic financial management, and advanced auditing. Use study materials provided by the ICAI, and consider joining a coaching class or online course to supplement your studies.
Step 8: Appear for the CA Final Exam
Appear for the CA Final exam, which is usually held in May and November every year. Make sure to fill out the application form.
Step 9: Complete the Articleship Training
After clearing the CA Final exam, complete the articleship training, which is a mandatory requirement to become a Chartered Accountant. During this training, you will gain practical experience in auditing, taxation, and accounting.
Step 10: Become a Member of the ICAI
After completing the articleship training, apply for membership with the ICAI. Once your application is approved, you will become a certified Chartered Accountant.
In conclusion, pursuing a CA course after 12th requires dedication, hard work, and perseverance. By following these steps, you can complete the CA course and achieve your dream of becoming a certified Chartered Accountant.
CA Exam Pattern
Here is the complete content of "CA Exam Pattern":
CA Exam Pattern: A Detailed Overview
The Chartered Accountancy exam is a prestigious professional examination conducted by the Institute of Chartered Accountants of India. The exam pattern is designed to test a candidate's knowledge, skills, and aptitude in accounting, taxation, and finance. Here's a detailed overview of the CA exam pattern:
CA Foundation Exam Pattern
The CA Foundation exam is the entry-level exam for the CA course. The exam CA Final exam pattern is as follows:
CA Foundation Exam Pattern | |
Particulars | Details |
Name of the exam | CA Foundation, earlier known as CA CPT (Common Proficiency Test). |
Conducting Body | The Institute Of Chartered Accountants of India (ICAI) |
Mode of exam | Offline |
Frequency | Three times in a year |
Level of exam | National level |
Level of difficulty | Easy to Moderate |
Question paper (s) | The CA Foundation exam includes FOUR papers: Paper 1: Accounting Paper 2: Business Laws Paper 3: Quantitative Aptitude: Part A: Business Mathematics Part B: Logical Reasoning Part C: Statistics Paper 4: Business Economics |
Duration of the question papers | Paper 1 and 2 will be of 3 hours Paper 3 and 4 will be of 2 hours |
Question Type | Paper 1 and 2: Subjective Papers 3 and 4: Objective |
Marks | Each paper will be 100 marks. |
Total marks | 400 |
Marking scheme | For subjective (Paper 1 and 2): NO negative marking For objective papers (Paper 3 and 4): ¼ mark will be deducted for every wrong answer |
Medium of exam | English/Hindi except for Paper 2 (section b which will be in English only) |
CA Intermediate Exam Pattern
The CA Intermediate exam is the second-level exam for the CA course. The exam pattern is as follows:
CA Inter Exam Pattern (According to New Syllabus) | |
Mode of exam | Offline |
Frequency (thrice a year) |
|
Level of CA Intermediate exam | National Level |
Paper(s) | Intermediate: 6 papers (ICAI New Scheme) Intermediate: 8 papers (New syllabus) |
Duration of the question papers | 3 Hours |
Type of questions asked | Subjective and Objective type |
Negative marking | No. |
CA Final Exam Pattern
The CA Final exam is the final-level exam for the CA course. The exam pattern is as follows:
CA Final Exam Pattern Paper Wise Weightage | ||||
Groups | Papers | Duration | Marks per paper | Total marks |
Group I | Paper-1: Financial Reporting | 3 hours | 100 | 400 |
Paper-2: Strategic Financial Management | 3 hours | 100 | 400 | |
Paper-3: Advanced Auditing and Professional Ethics | 3 hours | 100 | 400 | |
Paper-4: Corporate and Economic Laws | 3 hours | 100 | 400 | |
Group II | Paper-5: Strategic Cost Management and Performance Evaluation | 3 hours | 100 | 400 |
Paper-6A: Risk Management Paper-6B: Financial Services and Capital Markets Paper-6C: International Taxation Paper-6D: Economic Laws Paper-6E: Global Financial Reporting Standards Paper-6F: Multidisciplinary Case Study |
4 hours | 100 | 400 | |
Paper-7: Direct Tax Laws and International Taxation | 3 hours | 100 | 400 | |
Paper-8: Indirect Tax Laws | 3 hours | 100 | 400 |
CA Exam Passing Criteria
To pass the CA exam, a candidate must meet the following criteria:
- Secure a minimum of 40% marks in each paper
- Secure a minimum of 50% marks in aggregate
By understanding the CA exam pattern, candidates can prepare effectively and achieve success in the exam.
Career in Chartered Account
Chartered accountants have a wide range of career opportunities in various industries, including:
- Audit and Assurance: The CA can work in audit firms, providing audit and assurance services to clients.
- Taxation: CA can work in taxation firms, providing tax planning and compliance services to clients.
- Financial Management: A chartered accountant can work in industry, providing financial management services to organizations.
- Consulting: They can work in consulting firms, providing advisory services to clients on financial and business matters.
- Government: CAs can work in government departments, such as the Income Tax Department, the Central Bureau of Investigation, and the Comptroller and Auditor General of India.
Roles and Responsibilities of Chartered Accountants
Chartered accountants play a vital role in the financial management of organizations. Some of the key roles and responsibilities of CAs include:
- Financial Reporting: preparing financial statements, such as balance sheets and profit and loss accounts.
- Auditing: Conducting audits to ensure that financial statements are accurate and comply with laws and regulations.
- Tax Planning: Providing tax planning and advisory services to clients.
- Financial Planning: Providing financial planning and advisory services to clients.
- Risk Management: Identifying and managing financial risks to ensure the financial stability of organizations.
Salary and Benefits of Chartered Accountants
Chartered accountants are among the highest-paid professionals in India. The salary and benefits of CAs vary depending on factors such as location, industry, experience, and qualifications. Here are some approximate CA salaries in India after 12th.
- Freshers: ₹6-12 lakhs per annum
- Experienced CAs: ₹15-30 lakhs per annum
- Senior CAs: ₹30-60 lakhs per annum
Benefits of the After 12th CA course
A career in Chartered Accountancy offers various benefits, including:
- Job Security: CA are in high demand, and job security is excellent.
- Career Growth: They can progress to senior positions, such as partner or director, in audit firms or industry.
- Financial Rewards: Chartered accountants are among the highest-paid professionals in India.
- Respect and Prestige: CAs are respected professionals who play a vital role in the financial management of organizations.
Opportunities for Advancement: CA can pursue further qualifications, such as the Certified Public Accountant (CPA) or the Certified Management Accountant (CMA), to enhance their career prospects.