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The role of a Chartered Accountant is there in every sphere of business and finance. A student passing the chartered accountancy course becomes part of the Institute of Chartered Accountants of India (ICAI) which has been in operation since the year 1949. Chartered Accountancy is a degree recognized worldwide and therefore the demand for qualified chartered accountants is huge in the world market.
Streams / Branches of CA
Accounting, Taxation and Auditing are some of the subjects which are taught to a student of chartered accountancy.
Eligibility Criteria for CA Course
Students need to have the following academic qualifications to pursue a course in chartered accountancy:
Graduation in commerce with minimum 50 percent marks.
· A non commerce graduate who has studied mathematics at graduation level and has scored 60 percent in the subject.
· A non commerce graduate with a minimum score of 55 percent in graduation. (Mathematics is not compulsory in this case)
· Pass outs from the Institute of Cost and Works Accountancy of India (ICWAI).
· Pass outs from the Institute of Company Secretaries of India (ICSI).
· A student who has passed the class X board examinations can also choose to pursue chartered accountancy course; they will however have to sit for the Common Proficiency Test (CPT) before enrolling in the course.
CA Institutes in India
Listed below are the best institutes in India for pursuing a course in chartered accountancy:
Ahmednagar Jilha Maratha Vidya Prasarak Samaj's New Arts, Commerce & Science College located in Buldana, Maharashtra
Aurora's Degree College located in Hyderabad
Aggarwal P G College located in Faridabad
B N Saha D A V Public School located in Jharkhand
Asansol Branch of Eastern India Regional Council of ICAI located in Kolkata
Agra Branch of Eastern India Regional Council of ICAI located in Uttar Pradesh
Coimbatore Branch of Eastern India Regional Council of ICAI located in Tamil Nadu
Biyani Commerce College located in Jaipur
Bharatiya Vidya Bhavan's Vivekananda College of Science, Humanities and Commerce located in Secunderabad
B H S First Grade College located in Karnataka
Badruka Institute of Professional Studies located in Hyderabad
Entrance Exams for CA
The Common Proficiency Test (CPT) and Integrated Professional Competence Course (IPCC) are the two entrance tests that a candidate wishing to pursue chartered accountancy will have to sit for. While the former is specifically for students of class X, the latter is for graduates and candidates with higher degrees.
When to Start the Preparation - The preparation for chartered accountancy should begin towards the end of the 10+2 board examinations. Generally, aspiring chartered accountants enroll in coaching centers in the beginning of their graduation years.
How to Prepare - Chartered Accountancy aspirants enroll in private tuitions offered in the leading Indian metros. Today, a student can also purchase recorded lectures in DVDs or books composed by professional chartered accountants to get preparation tips for the entrance examination.
What are the Future Prospects
A qualified chartered accountant has a bright career ahead of him. He can have a professional practice of his own. The various professions that a chartered accountant can be a part of are:
Cost Accountancy
Taxation
Auditing
Management Accounting
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