Chartered Accountancy Courses

Chartered Accountancy Courses
Being a Chartered Accountant is the most cherished dream of all commerce stream students. It?s neither a new field nor an innovative one. Yet, the demand for qualified chartered accountants has never dipped and keeps attracting talent consistently. Chartered accountancy, as a career field, has applications in many industries and sectors. It is not restricted to any one particular industry. The chartered accountancy course is not like other courses where students go to institutes or colleges in India to attend classes. It is done on correspondence basis and the students study on their own. The Institute of Chartered Accountants of India (ICAI) gets the exam dates when CA students take the exam.

The main job of a chartered accountant is to go through the financial books of an organization and make sure that the accounts are as per the guidelines of accounting. A chartered accountant also sees to it that there is no discrepancy in accounts and certifies the financial records as audited and as per the accounting rules. Some experienced CAs work on special positions in an organization. They act as directors or arbitrators to settle disputes, handle financial issues such as acquisitions, insolvency, bankruptcy, getting listed etc. Thus, there is a diverse range of functions to perform in their field.

To become a qualified chartered accountant, the first step is to take up the foundation course for chartered accountancy. The registration for this course is also done by ICAI. The duration of this course is usually one year. Once the student gets the study material, he/she studies on own and prepares for the examination held at the end of the year. Once the foundation course is over, the practical training for a student begins. The practical training is taken under the guidance of a professional chartered accountant at least for a period of 18 months after which the student takes the intermediate examination.

Once the intermediate examination is cleared, the next step is studying for the main examination. Rigorous that this chartered accountant course is, it requires the students to undergo two more years of practical training before appearing for the final examination. It is only after successfully clearing the CA final examination that one register with ICAI and start practicing chartered accountancy independently or with a firm. Thus, once the foundation examination is cleared, the whole course can be completed in three and a half years.

The foundation CA course can be taken up along side graduation or post graduation. However, commerce graduates with 50% marks, non-commerce graduates with 55% marks (60% for those without math) are exempt from taking the foundation course and can directly apply for practical training. Chartered accountants earn handsomely but they require a certain aptitude and intelligence level to be successful at their profession. It is a numbers-oriented profession and one should be well-versed in the application of mathematics to be a good CA. Since it is a self-study course, it is important for the students to be self-motivated. The course is quite rigorous and requires long hours of studying with dedication.


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