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How to become a Chartered Accountant?
Chartered Accountant (CA) is one of the best career paths and can be chosen by anyone who is good with numbers. A student who is opting for CA course can be from any background like sciences, economics, and history. It is one of the toughest courses to complete in a single attempt, but when one successfully completes it, will have a bright career ahead.
Levels in a CA course
CPT(Common Proficiency Test).
IPCC/IPCE (Integrated Professional Competency course).
Three years of article ship under a C.A who is practicing.
CA final exam.
CPT
Usually, this exam is given after 12th class but one can take coaching in their 11th and 12th classes respectively.
It comprises of 200 questions where the candidate is expected to score 50% to qualify for IPCC. It is a multiple choice examination and there no rule to go through CPT examination because one can directly register for IPCC but he/she has to be a graduate.
Since CPT provides easier procedure it is opted by students in the 12th class itself.
IPCC
Registration of IPCC exam must be done 9 months before the examination. One has to be a 12th class qualified and CPT qualified for giving IPCC.
It consists of 7 papers.
It is divided into two groups(group I and group II).
Group I-4 papers.
Group II-3 papers.
One has to qualify in all papers in both groups to get through IPCC. One is allowed to give group II if and only if he/she clears all the papers in group I.
Articles
Registration article ship is very important in the overall process. Candidates need to be registered as an article assistant for a period of 3 years with a practicing C.A. Minimum qualification is a group I (IPCC) for registering Articleship.
C.A Final
This is the Final stage in C.A course procedure. One should register for CA final course examination in last 6months of article ship. One has to clear two groups in IPCC in order to register for CA final exam.
CA final consists of two groups
Group I and Group II should be cleared to be certified as a Chartered Accountant.
The final stage is to enroll for Institute of Chartered Accountants of India (ICAI) and become a designated C.A.
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