In this article, we are going to talk about CA Course details after 12th. Here you will get all the necessary information like eligibility criteria, Fee structure, Duration, Scope, Further study and many more.
CA Course details after 12th in 2023
The journey towards becoming a Chartered Accountant (CA) is an intellectually stimulating and professionally rewarding expedition. This illustrious qualification stands as a testament to one’s expertise in finance, accounting, audit, and taxation. Governed by reputable institutions such as the Institute of Chartered Accountants of India (ICAI), the CA course is revered globally for its rigour and depth of knowledge.
The CA course holds paramount significance in the realm of commerce, finance, and business. It encompasses a multidisciplinary curriculum, equipping candidates with a profound understanding of accounting principles, financial management strategies, legal compliance, and ethical standards. This holistic approach prepares individuals to tackle the complexities of the financial world adeptly.
CA Course after 12th Overview
| Degree | Bachelor |
| Duration | 4.5-5 years |
| Age | No age criteria set by ICAI |
| Full-Form | Chartered Accountancy |
| Minimum Percentage | 55% |
| Average Fees | ₹ 2 – 2.5 L |
| Average Salary | ₹ 5 – 7 LPA |
| Employment Area | Finance Manager, Finance Advisor, Tax Manager |
CA Course details after 12th: A Brief detail
If you are interested in becoming an accountant, you may have heard about the term CA. CA stands for Chartered Accountant, it refers to professional accountants who are qualified to take on several specific activities of accountancy. They perform lots of tasks such as filing corporate tax returns, financial statements, financial advising, and auditing. The concept of a Chartered accountant originated in 1854 in Britain. It was the first governing group of accountants. Nowadays there are several governing groups working in different parts of the world. In India, it is known as ICAI ‘The Institute of Chartered Accountants of India’. In the United States, the equivalent position is known as a certified public accountant or CPA.
How to become a Chartered Accountant
How to become a Chartered Accountant
- First of all register for CA Foundation Course.
- Complete your studies for the next four months and pass the CA Foundation exam.
- Register yourself for the CA Intermediate course.
- Clear the exam of any one group of CA Intermediate.
- For practical training after clearing the CA Intermediate exam Enroll
- Clear the exam of both the groups of CA Intermediate.
- Complete three years training of in CA Articleship.
- After that register for CA Final course.
- Finally, clear both the groups of the CA final exam and apply for ICAI membership.
Who Should Choose a CA Course?
The Chartered Accountancy course is no child’s play. It takes a lot of hard work to do this. It takes a lot of perseverance, and three to four years of training (Articleship), and the most important and biggest challenge is to pass the exam. So this course is only for those people who have complete confidence in themselves and they have enough time to give the required effort. This course is for those people whose goal is any of these.
If You want to make your career in accounting, auditing or taxation.
As the name suggests, CA can handle accounting, auditing, legal concerns and taxation of any company. If any of these sounds attractive to you, then go for it. As a Chartered Accountant, you can choose your specifications, if you want, you can go ahead with Accounting, Taxation, Audit, and Financial Consulting.
Working at Corporate Finance
Under Corporate Finance, any company’s finance, fundraising, treasury, project financing etc. is managed. This is a very in-demand career in India. As a Chartered Accountant, you can work in these companies and you can do financial statements and other accounting-related responsibilities for these companies.
Start your firm
If you want to start your firm and practice as a Chartered Accountant, then you absolutely can. Because according to the laws and regulations of India, a CA has the legal authority to audit a company. All the companies that are under the purview of the audit have to get their financial records and tax returns audited by any licensed chartered account, due to which the chartered account remains in demand.
This course is very demanding and stressful, Before enrolling in this course, keep all these things in mind.
Why is CA in Demand?
Chartered Accountants are in demand because there are several reasons why a corporation, business or individual needs to hire a Chartered accountant. In Accountancy, many accounting and financial matters are quite sensitive and it requires someone who has complete Knowledge of all the terms and concepts of accounting. Business needs to feel safe about their monetary issues so that’s why they need someone who can handle their account, without worrying about the legal requirement. so they want to hire the best Accountant for their Business.
CA Course Eligibility
Below you will find the CA Course Eligibility Criteria:
To register for the course Chartered Accountants you need to have some eligibility requirements by ICAI ‘the Institute of Chartered Accountants of India’. Before going into details you should know that ICAI has revised its syllabus, According to the new syllabus ICAI has to replace IPCC with CA Intermediate.
1. A candidate can be eligible for registration for CA intermediate only after completing 10+2 or equivalent examination from a recognized Board and also after passing the CPT (Common Proficiency Test) or CA Foundation.
2. There is also a direct way to register for CA intermediate without going through CPT or CA foundation. The way is given below:
2.1. Candidates who graduate/postgraduate in the commerce stream and scored a minimum of 55% can register directly for CA Intermediate without passing CPT or CA Foundation.
2.2. Also, the candidate who graduated/postgraduate in the non-commerce stream and scored 60% can register directly for CA Intermediate without passing CPT or CA Foundation.
This is about the CA Course Eligibility. After having the above qualification a student can register for CA Intermediate.
The Comparison between CPT and Direct Entry Scheme in Chartered Accountants
Aspirants have two ways to gain admission to the course, one is the CPT route and the other is the Direct Entry Scheme, Both methods can be enrolled in this course, and both have their own advantages.
A brief comparison between both courses is given below.
- A direct entry scheme would be better for those aspirants who have graduated from the commerce stream because they already know the fundamental concepts of commerce, whereas it may be difficult for non-commerce graduates because they do not know the fundamentals of commerce. So there may be a problem to adjust them a bit.
- One advantage of the direct entry scheme route is that they do not have to do CA foundation, so this saves the fees of this course which the CPT route does not get this facility.
- All the aspirants who want direct admission have to first undergo 4 weeks which is the ICITSS Combination of Information Technology and Orientation Course and a compulsory articleship of 9 months. It is better to choose the CA Foundation Route.
- The direct entry scheme route is better for aspirants who have done CS executive or CMA intermediate as it will make it easy to adapt to this course as they will be already familiar with the basic concepts of commerce.
Chartered Accountant Course Registration
Here are the CA course details after the 12th registration process.
All the aspirants who want to become a CA have to fill out the registration form for the CA exam.
The registration form is available on the website of ICAI and it remains open every year but there is a deadline to apply for each session which is fixed by ICAI.
That’s why the last date to register for the CA Foundation and Final exam is 1st January for the May attempt and 1st July for the November attempt.
The last date to register for CA Intermediate is 1st September for the May session and 1st March for the November session.
Document Needed for Registration:
- Passport size photo and signature.
- Mark sheet of class 10th and 12th.
- Nationality proof
- CA Foundation Mark Sheet or Graduation Mark Sheet to register in CA Intermediate.
- CA Intermediate mark sheet to register for CA Final.
- Certificate of Articleship Training for taking admission in CA Final.
Skills required for Chartered Accountant
To get better in any field, it is necessary to have the necessary skills in that field, without the skill you can never go further, In the same way, to master the CA course, you must have some skills.
Below you will find CA course details after the 12th skill requirement.
- Analytical Ability
- Perseverance and Deliverance
- Knowledge of tax consultancy
- Budget Management
- Evaluation and management auditing
- Understanding of concepts
- Knowledge of financial Accounting and Controlling
- Inclination of numbers
- Understanding of Financial Reporting
CA Course Details after 12th: Course Levels in 2023
The Institute of Chartered Accountants of India conducts the Chartered Accountancy exam and certifies the candidates as qualified Chartered Accountants after completing the three-level course.
The following examinations are conducted during the Chartered Accountancy qualification course.
1. The CA Foundation Exam (earlier known as CPT or Common Proficiency Test)
2. CA Intermediate Exam (IPC and Integrated Professional Competence)
3. CA Final
CA Foundation course is the first level test of the Chartered Accountancy course, followed by the CA Intermediate and Final exam. CA Foundation, IPC exam and CA final exam are conducted twice a year, in May and November.
Apart from this, aspirants also have to undergo practical training of three years, which is called Articleship.
Training in CA Course
The third and most important and essential stage in the CA course is training, without training aspirants cannot appear for the CA final. You must have completed your training to register for the CA Final. In this, students are taught about the responsibilities of CA.
There are a total of 4 types of training in the CA course, out of which the articles training is of 3 years.
CA Course Details after 12th: Common proficiency test
Below we have discussed different stages of CA Course details after 12th.
CPT stands for Common Proficiency Test it is the entry-level test for the CA Course. CPT contains four papers and it is an objective type of examination. It requires students to answer 200 multiple-choice questions. ICAI conducts the CPT examination two times a year, in June and December.
After completing CPT or CA Foundation aspirants will able to apply for CA Intermediate.
Also Read:
Company secretary course after 12th
Bachelor of Accounting and Finance
IPCC
After completing CPT, you must go for IPCC (integrated professional competence course). At this stage, you will get theoretical education in the CA course. This stage focuses on theoretical knowledge about accounting. During going through IPCC you also have to complete 35 hours of the orientation program and 100 hours of Information technology Training. In ITT you will learn several things like Accounting package, CA software, Computer knowledge and so on.
After completing both IPCC and ITT you will be eligible to join the CA final course
CA Final Course
CA Final is the last stage of the CA course. At this stage, you will get expert knowledge of Accounting, Auditing, Financial reporting, taxation, corporate law and so on. After completing this stage you will become a CA.
CA Course Syllabus in 2023
Here are the details of the CA Course Syllabus.
CA Foundation Syllabus
| Subject | Description |
|---|---|
| Principles and Practices of Accounting | Theoretical framework of accounting, accounting process, preparation of financial statements, accounting for special transactions, partnership accounts, and accounting for non-profit organizations. |
| Business Laws and Business Correspondence and Reporting | Indian Contract Act, Sales of Goods Act, Partnership Act, LLP Act, Companies Act, business correspondence, and basic report writing. |
| Business Mathematics, Logical Reasoning, and Statistics | Ratio and proportion, indices, logarithms, equations, basic mathematics for economics, permutations and combinations, sequences and series, sets, functions, and relations, logical reasoning, statistical description of data, measures of central tendency and dispersion, and probability. |
| Business Economics and Business and Commercial Knowledge | Introduction to micro and macroeconomics, price determination in different markets, business cycles, economic reforms in India, money and banking, the role of regulatory bodies, globalization, and the impact of business on the environment. – Current affairs related to business and commercial knowledge. |
CA Intermediate Course – Group I
| Subject | Description |
|---|---|
| Accounting | Application of accounting standards, company accounts, partnership accounts, amalgamation, and valuation. |
| Corporate and Other Laws | Cost accounting principles, cost systems, methods for cost accounting, budgeting, standard costing, and decision-making. |
| Cost and Management Accounting | Cost accounting principles, cost systems, methods for cost accounting, budgeting, standard costing, and decision-making. |
| Taxation (Part I: Income Tax) | Income tax provisions, residential status, income from various sources, deductions, and assessments. |
CA Intermediate Course – Group II
| Subject | Description |
|---|---|
| Advanced Accounting | Accounting for amalgamation, absorption, and external reconstruction, accounting for government grants, and accounting for non-profit organizations. |
| Auditing and Assurance | Auditing concepts and engagement, audit planning and documentation, risk assessment, audit sampling, and company audit. |
| Enterprise Information Systems | Automated business processes, information systems, risks, and controls, information systems and their components, E-commerce, and emerging technologies. |
| Strategic Management | Introduction to strategic management, strategic analysis, strategic planning, and implementation. |
CA Final Course – Group I
| Subject | Description |
|---|---|
| Financial Reporting | Accounting standards, corporate financial reporting, accounting for amalgamations, and corporate restructuring. |
| Strategic Financial Management | Financial policy and corporate strategy, risk management, security analysis, security valuation, and portfolio management. |
| Advanced Auditing and Professional Ethics | Professional ethics, advanced audit methodology, risk assessment, and audit of different entities. |
| Corporate and Economic Laws | Corporate laws, securities laws, laws related to economic offences, and competition laws. |
CA Final Course – Group II
| Subject | Description |
|---|---|
| Strategic Cost Management and Performance Evaluation | Cost management techniques, decision-making, performance measurement systems, and behavioural aspects in performance evaluation. |
| Direct Tax Laws and International Taxation | Provisions of direct tax laws in India, international taxation, and transfer pricing. |
| Indirect Tax Laws | Goods and Services Tax (GST), customs laws, foreign trade policy, and other indirect tax laws in India. |
| Elective Paper | Cost management techniques, decision-making, performance measurement systems, and behavioural aspects in performance evaluation. |
CA Course Fees in 2023
CA Course Fees for registration are given below according to ICAI’s Institute of Chartered Accountants of India’s revised CA course.
A. CA Course details after 12th Fees: FOUNDATION COURSE
| Details of Fees | ₹ | For Foreign Students USD |
|---|---|---|
| Cost of Foundation | 200 | 20 |
| Foundation Registration Fee | 9,000 | 700 |
| Subscription for Student’s Journal(optional) | 200 | 20 |
| Subscription for Member’s Journal | 400 | 40 |
| Total | 9,800 | 780 |
B. CA Course Fees: INTERMEDIATE COURSE
| Registration Options / Various Charges | Both Groups ₹ | Both Groups $ | Group I/II ₹ | Group I/II $ |
|---|---|---|---|---|
| Registration Fee | 15,000 | 11,000 | ||
| Students’ Activities Fee | 2,000 | 2,000 | ||
| Registration Fee as Articled Assistant | 1,000 | |||
| Total Fees | 18,000 | 1,000 | 13,000 | 600 |
C. CA Course details after 12th fees: FINAL COURSE
| Details | ₹ | For Foreign Students USD |
|---|---|---|
| Final Registration Fee | 22,000 | 1,100 |
CA course details after 12th fees
| CA Course fees | Indian Student | Foreigner Student |
|---|---|---|
| CA Foundation | ₹11,300 | $1105 |
| CA Intermediate- Single Group | ₹28,000 | $925 |
| CA Intermediate- Both Group | ₹34,200 | $1500 |
| CA Intermediate- Direct Entry | ₹34,400 | $1500 |
| Articleship Fee | ₹2,000 | |
| CA Final | ₹39,800 | $1650 |
| Total | ₹87,300 | $4255 |
CA Course duration after 12th
One of the most asked questions is how long it takes to complete the CA course duration after 12th. So it takes around 4.5 to 5 years to complete the CA course after the 12th. After the completion of the 12th, it takes about 3 to 4 months in which you have to prepare for the registration and entrance exam.
After this, the next step is to clear the Foundation level, which usually takes 8 months. And then the journey from intermediate to final takes about 3.5 years.
The CA course duration after 12th typically takes around 4.5 to 5 years to complete. The journey involves several stages:
CA Foundation Course
- Duration: 4 months (can be attempted after appearing in 12th exams)
- This course has four papers.
CA Intermediate Course
- Duration: 8 months of study period (after passing the Foundation or graduation)
- This course consists of two groups with four papers each. Both groups can be attempted together or separately.
Articleship Training
- Duration: 3 years
- After passing either or both groups of Intermediate, students undergo practical training called Articleship for a period of 3 years under a practising Chartered Accountant.
CA Final Course
- Duration: Preparation time varies, but the exam can be taken after completing 2.5 years of Articleship.
- This course has two groups with four papers each. Both groups can be attempted together or separately.
The duration can vary based on factors such as the time taken to clear each exam, articleship completion, and the individual’s pace of progress through the courses.
So, from the 12th class, the complete journey to become a qualified CA usually takes around 4.5 to 5 years, considering the study periods, articleship, and examination schedules.
Passing yardstick for Foundation, Intermediate and Final
the passing criteria for the CA exams – Foundation, Intermediate, and Final – is based on a combination of scoring and certain rules set by the regulating body, the Institute of Chartered Accountants of India (ICAI).
Passing Criteria:
CA Foundation Course
- A candidate needs to secure a minimum of 40% marks in each paper and an aggregate of 50% in total of all papers in a single attempt to pass the Foundation level.
CA Intermediate Course
- For each group, a candidate has to secure a minimum of 40% marks in each paper and an aggregate of 50% marks in total of all papers of that group to pass.
- Students can appear for both groups simultaneously or separately.
CA Final Course
- Similar to the Intermediate level, a candidate has to score a minimum of 40% marks in each paper and an aggregate of 50% in total marks of all papers in each group to pass the Final level.
- Elective papers also follow the same passing criteria.
Apart from these, there are certain other rules and regulations concerning exemptions, evaluation, and moderation of marks that ICAI may implement from time to time. It’s crucial for candidates to thoroughly understand the passing criteria and regulations set by ICAI before attempting these exams.
Additionally, there are specific regulations related to articleship completion and other practical training requirements that are mandatory to qualify for the CA designation.
ICAI keeps updating the passing criteria and regulations periodically, so it’s advisable for candidates to stay updated with the latest guidelines provided by the institute.
CA Course details after 12th: Salary in 2023
Salary is a very attractive focal point of any work, similarly, it is also in professional work like CA. After becoming a CA, you can initially earn around 5 to 6 lakhs annually. And as your experience increases, so will your salary also increase.
| Job Profile | Salary |
|---|---|
| Certified Public Accountant | 6 – 7 LPA |
| Finance Manager | 8 – 10 LPA |
| Senior Finance Manager | 20 – 25 LPA |
| Tax Director | 40 – 45 LPA |
| Tax Manager | 10 – 15 LPA |
| Senior Tax Manager | 20 – 25 LPA |
| Financial Controller | 18 – 20 LPA |
| Finance Director | 30 – 40 LPA |
| Finance Analyst | 10 – 12 LPA |
| Finance Advisor | 8 – 10 LPA |
CA course details after 12th: Top firm
Here is the list of the top 10 CA Firm :
- PwC India
- Deloitte India
- KPMG India
- BDO India
- Ernst and Young India
- Grant Thornton International
- SR Dinodia and C0. LLP
- RSM India
- Luthra and Luthra India
- Lodha and Co.
Further Study after Chartered Accountant
After completing the CA course, you will have several options. You may get a job and start your career or you can also go for advanced studies to become specialized in this field. You may pursue law, taxation, etc some of the well-known courses are given below:
- CMA – Cost Accountants
- CS – Company secretary
- CFA – Chartered Financial Analyst
- MBA – Finance
- FRM – Finance Risk Manager
- CFP – Certified Finance Planner
- LL.B – Bachelor of Laws
- CISA – Certified information system auditor
- CIA – Certified internal auditor
CA Course details: Further Scope
Here you will find CA course details after 12th further scope:
Chartered Accountants have lots of career options to choose from after completing their course some of which are given below:
- CA’s can choose to set up their independent practice and develop their client on merits.
- They can offer their services in the field of capital markets.
- A qualified Chartered Accountant can join the Government Services, the public sector or even the private sector.
- They can apply for the job at an existing accounting firm Chartered Accountants.
- The Institute of CA of India is also well recognized abroad in England, Wales and Australia one can even practice in these countries as well.
- As per the report by Economics Times, there is a huge demand for CA’s in the manufacturing and financial services sector.
- CA is emerging as a good career option for women as it allows work to be done at one’s own pace and time, and, also allows one to control the money flow.
So this is the end of this post. Here we discussed the CA Course details after 12th, CA Course Fees, CA Course duration after the 12th, Further study and Further scope. If you have still any queries feel free to write to us.
FAQ On CA Course details after 12th:
Question 1. How many years is the CA course?
Answer: The CA Course takes around 4.5 to 5 years to complete
Question 2. What is CA’s salary?
Answer: After completing CA you can earn up to 5 to 6 lakh annually in your initial years.
Question 3. Is math compulsory for CA?
Answer. No, Math is not compulsory for CA.
Question 4. Is CA easy to become?
Answer: No, not at all CA course is one of the most challenging courses but not impossible you need to work hard with determination.
Question 5. Are 12th marks important for CA?
Answer: Yes, If you are a commerce student and you want to appear for CPT then you have to score 50% marks in your 12th standard to become a Chartered Accountant.
Question 6. Can I pass CA on the first attempt?
Answer: Why not, of course, you can clear CA on the first attempt itself. CA course is difficult but it can be done with hard work, self-confidence and determination.
Question 7. Is there any age limit for CA?
Answer: No, there is no age restriction regarding the CA course you can apply for the CA Foundation course whenever you are ready.
Question 8. How many CA attempts have been made?
Answer. The first registration for the Final Course is good for five years and ten attempts total (because there are two exams per year). A student must revalidate it after five years for an additional five. The number of tries necessary to pass the CA exam is unlimited.
Question 9. Is CA a government position?
Answer. There are numerous government employment available for qualified chartered accountants. Following CA, positions in the government include treasury manager, accountant, manager, auditor, etc. several public sector organisations, including public sector banks, rural regional banks, life insurance firms of India, etc.
Question 10. For CA, which board is best?
Answer. Given that CA requires mathematics, students from the CBSE or ICSE Boards should choose it above other options. State boards have provided options with commerce, but those who don’t choose maths must work a little harder while getting ready for the CA Foundation.
Resource: ICAI
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