It is a difficult task to determine the Profession which one has to follow after 12th grade. If you looking for a job with a high salary and reputation, then Chartered Accountancy or a Chartered Accountant is the best option for you.
It is possible to become a Chartered Accountant even if you are a science stream student, including the 12th grade, or if you are a science graduate. But, aside from accounting, there a plenty of other topics that are unfamiliar to everybody, regardless of whether they come from a business background.
How can Become a CA After the 12th Examination?
Every student who wants to enrol in the CA course is required to get a minimum of 40 per cent marks in each topic and 50 per cent marks in the aggregate of all courses. If you are an aspirant you have to thoroughly research and understand every subject. Negative marking is included in the objective papers.
Every question you answer incorrectly will result in a deduction of ¼ points, but every correct response will increase by one mark.
The first step to complete is achieving the entry-level CA following the 12th Examinations, the CA Foundation, the process for the next two levels [CA intermediate and CA final] will be nearly identical to that of the first.
Procedure To Become a Chartered Accountant After 12th
CA Foundation[ Entry Level], CA Inter, 3 Years Articleship Training, and CA Final are the four levels of the Chartered Accountancy program.
Until now, students had to pass all three levels of the Chartered Accountancy curriculum and complete three years of practical training.
After completion of Candidates who have completed the class 12th exams, one has to join a CA Foundation Programme. After successful completion of the 10+2 Examination (Senior Secondary Examination), a registered student may appear in the CA Foundation Exam once.
A minimum of four months of preparation is needed before you are ready to fulfil the qualifying requirements. If you are a graduate or postgraduate then you can directly register at the intermediate level via ICAI CA Direct Entry Scheme.
To be eligible to register for the CA Inter the candidate must pass both the CA Foundation and the 12th grade. The Institute of Chartered Accountants of India (ICAI) has recently developed the Direct Entry Route, which allows students to participate in the CA Intermediate Course without taking the Foundation examinations.
Every CA aspirant has to complete a mandatory practical training called “Articleship.” During the Articleship, you will work as an intern at a CA firm or under a practising CA for a specific period, as per the ICAI guidelines. The goal of the three-year practical training program is to prepare CA students to use theoretical knowledge in the real world and to prepare them to enter the corporate sector immediately after graduation. Three years under the supervision of the trained CA is very much necessitated.
The applicant can apply for the CA final exam during the last six months of their three-year articled training period. These exams are also held twice a year, typically in May and November. Once you have cleared the exam, you can join the Institute of Chartered Accountants of India (ICAI) and declare yourself a “Chartered Accountant.”
After successfully clearing the CA Final examinations and completing the GMCS training, you can apply for membership with the Institute of Chartered Accountants of India (ICAI). Upon approval, you will become a qualified Chartered Accountant.
The journey to becoming a CA requires dedication, hard work, and commitment. It is a challenging but rewarding career path that opens various opportunities in the fields of accounting, finance, taxation, and auditing.
The Common Proficiency Test (CPT)
The CPT is an entry-level examination for students who wish to become Chartered Accountants in India. It is conducted by the Institute of Chartered Accountants of India (ICAI). The test is of objective type which consists of multiple-choice questions. It is divided into four sections: Fundamentals of Accounting, Mercantile Laws, General Economics, and Quantitative Aptitude.
Candidates who pass the CPT are eligible to register for the Integrated Professional Competence Course (IPCC) and move to the next level of chartered accountant after the BCom program.
The CPT is conducted twice a year, in June and December. The duration of the exam is 4 hours and it is held in the morning and afternoon sessions.
The eligibility criteria to appear for CPT is that the candidate should have passed the 10th standard examination or equivalent and should be registered for the Common Proficiency Course (CPC) with the Board of Studies of the Institute of Chartered Accountants of India (CA after BCom).
How to become CA after B.com?
After completing a Bachelor of Commerce (BCom) degree, the CA aspirants have to follow the following steps.
PlayRegister for the Common Proficiency Test (CPT) conducted by the Institute of Chartered Accountants of India (ICAI).
Clear the CPT and then register for the Integrated Professional Competence Course (IPCC).
Clear the IPCC and then register for the practical training (Articleship) which is mandatory for 3 years.
After completing the Articleship, you will be eligible to appear for the final CA examination.
After clearing Final CA Exam, you will be awarded the chartered accountant certificate by the ICAI
Conclusion
A licensed organization and an examining body, the Institute of Chartered Accountants of India (ICAI) is responsible for examinations and certification. The Chartered Accountants from India are respected worldwide as leaders in their fields and there are several options available to them. The decision on the profession to be chosen after conducting an in-depth analysis of all of the outcomes and taking into account all of the elements that will be impacting your choice.
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