Mostly Commerce Students dream to become CA once in life, Charted Accountant which was establish in 1949 by the act of parliament called Charted Accountant act, 1949. CA deals with accounting and financial related work, where CA audit the files. Many researches says, it’s very difficult to become ca in India. As the Students has to studies 5 years continuously to reach their target. Target is very vast and challenging for the students.But, what is the full form of CA?
CA full form stands for charted accountant which was establish in 1949 by the act of parliament called charted accountant act, 1949. CA is the oldest course of accountancy and management of tax in India. According to CA guidelines, CA provides full and brief information weather it’s practical or theoretical about accountancy and taxes.
Generally CA course is pursue by Commerce student to make good career in Accountancy or Subject related to law of Company, Tax Consultancy and many more.
Eligibility to Become CA in India
To Become a CA in India you mast have full fill all the requirement which are listed below-
1. Student who is apply for CA must done is 8th class with minimum percentage of 35 %
2. A Candidate should be passed in 10th as well as in 10+2 with minimum percentage of 35%
3. Candidate can apply for CA form any of field, Candidates may come from Science or Commerce, except Arts students.
4. Student has to give RS 9000 as registration fee to CA institution before applying for CA foundation.
5. It’s not compulsory to have Maths as a compulsory subject in 12th Standard. Non-Maths students can apply for CA foundation.
How to Become CA in India?
Mostly Commerce students dream to become CA once in life, But due to lack of knowledge and proper guidelines they fail to do so. So here emotepp will provide ours family full and brief information related to how to become CA.
Here are proper instruction about becoming CA in future.
Before applying for CA you mast read above paragraph related to eligibility to become CA in India.
CA Institution gives steps to complete CA, First off all the students should apply for the CA foundation level, don’t confused with the CPT and CA foundation. CPT was the exam taken by CA Institution earlier now it’s become CA Foundation. It’s nothing but change in name of exam and It’s Patten
Step1.CA Foundation : –
There are four papers, two of them are subjective and Rest two are MCQ’s type. The exam is of 400 marks where each paper contain 100 marks. To Pass CA foundation students have to obtain 200 out of 400 marks and 40 percentage of every paper must. Exam is held two times a year and Students can apply for any, There is no age limit to pass ca foundation .
Students who are graduate in any of the field can apply for CA Intermediate, no need for passing CA Foundation. CA Foundation is only for the students who are doing under graduation or Just passed 10+2 exam
Step 2. CA Intermediate: –
Students who recently passed CA Foundation or completed graduation can apply for CA Intermediate. CA Intermediate consist of eight papers and every paper is of 100 marks.
Total marks 800 for all paper, Students have to score 400 out of 800 to pass CA intermediate and 40 percent is required in every paper of CA Intermediate.
When Students completed or passed in CA Intermediate they have to do three years of Internship with any company listed with CA Institution or Individual who passed in CA Final.
Step 3. CA Final: –
Charted Accountant Final is the last step to become CA in India. CA Final consist of eight paper and each paper consist of hundred marks, to pass CA Final students have to score 400 out of 800. and at least 40 percent in every paper.
Hope you have understand how to Become CA in India.
Every institution have their own exam syllabus rather we look at CS, CMA, CPA, ACCA and CFA. But almost all the subject teaches in these all institutes are same. But, what are subject in CA?
1.CA Foundation Course Papers
|1.Accounting Principal||Concepts and Conventions|
|2.Capital and Revenue Transaction||Capital and Revenue Expenditure, Capital and Revenue Receipt|
|3.Double Entry System||Prime entries of Books, Cash Book, Journal, Ledger, Trial Balance|
|4.Depreciation||Method-(Straight Line and Diminishing Method)|
|5.Rectification Error||Single Sided and Two Sided ( Suspense Account)|
|6.Opening Entries||Transfer Entry, Adjustment Entry and Closing Entry|
|7.Bank Reconciliation Statement||Pass Book and Cash Book|
|8.Bills of Exchange||Accommodation of bill and Insolvency|
|9.Consigment Account||Cost price , commission , Sale price and Valuation of stock|
|10.Joint Venture||All accounts which are Necessaries|
|11.Final Account||Account of Sole Proprietorship only)|
|12.NPO||Not-for-Profit making concern|
B. Business law and Business correspondence
|1. Indian Contract Act,1872||1.1 Essential element of a Contract, Offer|
|1.2 Void and Voidable Contract|
|1.3 Consideration, Legality of Consideration|
|1.4 Capacity of party and free consent|
|1.5 Quasi Contract and Contingent Contract|
|1.6 Performance of Contract|
|1.7 Discharge of Contract|
|1.8 Breach of Contract and Relief for beach|
|2. Sale of Goods Act, 1930||2.1 Defination|
|2.2 Transfer of Ownership|
|2.3 Condition and Warranty|
|2.4 Right of Unpaid Vendor|
|2.5 Auction Sales|
|3. Negotiable Instrument Act, 1881||3.1 Characteristics and Negotiable Instrument|
|3.2 Promissary Bill, Bills of Exchange and Cheque|
|3.3 Difference Between|
|3.4 Crossing- Meaning and Types of Crossing|
C. Logical Reasoning, Mathematics and statistics
|1. Arithmetic||Rations, Proportions and Variation|
|Compound Interest and Simple Interest|
|Arithmetic Progression and Geometric Progression|
|2. Algebra||Set Theory|
|Logarithms and Indices|
|Permutation and Combination|
|3.Statistical Representation of Data||Statistical Introduction|
|Diagrammatic Representation of Data|
|Frequency Distribution in Graph|
|4. MOCT- Measures of Central Tendency||Measures of Central Tendency|
|Measures of Dispersion|
|Measures of Skewness|
|5. Correlation and Regression||Correlation|
|6. Probability||General Concept|
|Some use full terms|
|Measurement of Probability|
|Theorem of probability|
|Some Important Terms and Concepts|
D.Business Economics and Commercial knowledge
|1.Basic Concepts of Economics||Defination and Scope of Economics|
|Few Fundamental Concepts|
|2.Theory of Demand and Supply||Demand|
|3.Theory of Production||Meaning|
|Factors of Production and its Classification|
|Law of Variable Proportion|
|Law of Return to Scale|
|4.Theory of Cost||Meaning of Cost|
|Economics of Scale|
|5.Market||Meaning of Market|
|6.Money||Defination of Money|
|Function of Money|
|Components of Money Supply|
|Quantity theory of Money|
|7.Bank||Meaning of Banking|
|8. Money Market||Meaning of Money Market|
|Structure and function of money market|
2. CA Intermediate Course Papers
CA Intermediate is divided into two group. Students can apply for both of them or can apply separately one by one
|Paper 2||Corporate Laws & Other Laws|
|Part I||Company Law|
|Part II||Other company Laws|
|Paper 3||Cost and Management Accounting|
|Part I||Income-Tax Law|
|Part II||Indirect Taxes|
|Paper 5||Advanced Accounting|
|Paper 6||Auditing and Assurance|
|Paper7||Enterprise Information Systems & Strategic Management|
|Part I||Enterprise Information Systems|
|Part II||Strategic Management|
|Paper 8||Financial Management & Economics for Finance|
|Part I||Financial Management|
|Part II||Economics for Finance|
3. CA Final Course Papers
|Paper 1||Financial Reporting|
|Paper 2||Strategic Financial Management|
|Paper3||Corporate and Allied Laws|
|Part I||Company Law|
|Part II||Allied Laws|
|Paper 4||Advanced Auditing and Professional Ethics|
|Paper 5||Advanced Management Accounting|
|Paper 6||Information Systems Control and Audit|
|Paper 7||Direct Tax Laws|
|Paper 8||Indirect Tax Laws|
Scope of CA in India
1. A CA Final students can be applier in government job in special departments.
2. CA student can become Financial Manager in Top big companies.
3. CA can be marketing manager
4. CA final passed can be part of CMA, CPA, CFA and CS institutions
5. Profession: – CA is professional course like doctor and BBA
6. Job: – CA passed student can apply for job
8. Businessman (Yes, CA has all the knowledge about Business Environment)
FAQ’s on CA
Q1. What is the full form of CA?
Ans. CA full form is Charted Accountant and CA full form in hindi is “चार्टेड अकाउंटेंट”. also see cma full form