Chartered Accountant (CA) is India’s most prestigious professional course, not only because of the high remuneration but also because it is difficult to obtain. After 12th grade, the CA journey begins with the Commerce Stream. It takes four years of continual determination, complete dedication, passion, and hard work. CA is for you if you are willing to devote your entire four years of life to it! How To Become A Chartered Accountant is detailed in the article below.
What does it mean to be a Chartered Accountant?
These well-paid Chartered Accountant Salary positions include taxation procedure management, corporate planning, auditing, and financial account management.
The sole difference between an Accountant and a Chartered Accountant is that the latter has undergone years of intensive training and must pass numerous levels of accounting examinations every six months only to gain the designation of Chartered Accountant.
What Is The Role Of A Chartered Accountant?
Chartered Accountants are specialists who oversee different aspects of the economy, including dealing with an entity’s finances, providing financial advice, and assisting firms with monetary transactions. CAs can work for a variety of organisations, including businesses, individuals, and the government.
What are the requirements for becoming a Chartered Accountant?
After passing your Class 12th exams, you can begin your CA career. Many students have developed an interest in CA after completing their graduation, thus CA after graduation is an option that will undoubtedly provide further benefits after enrolling for the CA Foundation Exams.
Why Should India’s Youth Pursue Chartered Accountancy as a Career?
The most popular reason for pursuing a career as a Chartered Accountant is that it is the most secure profession, with CAs earning the highest Chartered Accountant Salary. Money is the lifeblood of the world, and every firm requires someone to manage their accounts, assist with tax filing, and work on audits.
As a CA, the opportunities to learn more about the job are virtually limitless. Every firm, regardless of industry, requires financial management, and CA is the solution for everyone.
How Do I Become A Chartered Accountant After I Complete My 12th Grade? A Significant Question Mark
Check out the following guidelines for step-by-step directions on “How To Become A Chartered Accountant After 12th.”
Step 1: Immediately after completing your Class 12th Boards, enrol in the CA Foundation Course.
Step 2: Begin studying for the CA Foundation Exams 2021 over the course of four months. Now that you’ve passed the CA Foundation Exams, you can enrol in the CA Intermediate Course.
Step 3: You can now finish your four weeks of ICITSS training. This technical training is required prior to starting your articleship. You can now complete an 8-month CA Intermediate study Course and sit for the CA Inter Exams in 2021. Before enrolling in the CA Final Tests, you must pass the two groups of exams.
Step 4: After passing either of the CA Inter Course groups, you can apply for a 2-year articleship or CA training Course, where you will be paid for your work. If there are any remaining group exams, you can now complete them. During the remaining six months of training, you can enrol for the CA Final Course.
Step 5: During the last two years of your articleship, complete four weeks of AICITSS before taking the final exams. Simply sit for the CA Final Exams in 2022. If you passed the CA Final Exams after confirming your cutoff and ranks, you can simply join the ICAI and be classified as a “Chartered Accountant” CA.
Chartered Accountants are in high demand
According to the Times of India, there were only 2.82 lakh Chartered Accountants in India in 2018, with an average salary of $5.67 lakh. Only 1.25 lakh of them were in full practise. This suggests that 44 percent of CAs in India were actively working for the industries. With the increasing need for the CA in India, we know that there are approximately 7 crores taxpayers in India, and that more and more firms are being founded each year.