Chartered Accountancy can be the ideal career for you if you’ve always loved maths and data but didn’t really have an aptitude for programming. Many students choose to enroll in this course but only a few succeed. It should come as no surprise that one of the most prestigious titles in India is that of a CA. Let’s now discuss the CA course details after the 12th in brief.
A professional course CA, or Chartered Accountancy, covers financial analysis, auditing, taxation, and accounting of businesses. The ICAI (Institute of Chartered Accountants of India) oversees the course’s operation. Following completion of the CA course, candidates can begin employment in a company’s tax and financial division with positions such as consultants, auditors, financial managers, and more. The fact that it is challenging to crack shouldn’t deter you from enrolling in the course, though.
Here in this blog, we will cover full CA details after the 12th standard that you need to know before you embark on your path if you are thinking about choosing Chartered Accountancy as a career.
Do you know?
You can register yourself for the CA course even after Class 10th.
Yes, you read that right. You can now start registering for CA right after your 10th standard.
According to a new law, students who complete Class X are now eligible to enroll with the Institute of Chartered Accountants of India (ICAI) for the foundation CA course, which will enable candidates to become chartered accountants six months sooner.
Registration after Class X is permitted, but admission won’t be regularised until the student passes Class XII. Before, students could only sign up for the course after their Class XII exams, and they could only take the foundation exam after a four-month study period. This study time can be finished under the new system while pursuing Class XI and XII.
Now, let’s have a look at the fundamental definition of Chartered Accountancy (CA).
Topics covered
What is Chartered Accountancy (CA)?
The accounting, auditing, and taxes courses in the Chartered Accountancy program will give you a much better grasp of the financial world and prepare you to manage business finances. It is an internationally renowned program for accounting certification. The Institute of Chartered Now that you know the basic definition of a CA, you must be eager to know what are the potential benefits of a CA. Why should one pursue CA?
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Why Chartered Accountancy?
One of the most difficult and in-demand professional courses in the nation is chartered accounting (CA). For many people, it is the ideal profession, and it also pays well. In addition to a variety of alternatives, a career in chartered accounting has other benefits.
Here are five potential benefits of choosing CA as a career.
- Chartered Accounting provides a plethora of versatility.
- The field of CA is secure and dependable.
- A global career can be attained through chartered accounting.
- CA has quite impressive salary packages.
- CA has a world ahead of numbers as well.
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How to pursue a CA course after the 12th?
Let’s take a quick look at the eligibility requirements before moving on to how you can continue with CA after the 12th grade.
After high school, you can enroll in a CA course in the following steps:
- CA Foundation: The foundation course serves as the first stage in becoming a CA and is the entry-level national examination. This examination attempt uses an offline methodology. The ICAI administers the chartered accountant test every two years. The application, understanding, and knowledge facets of CA are the main topics of the course. Each exam carries 100 points and lasts 180 minutes.
- CA Intermediate: Students enroll in the intermediate course to fill the knowledge gap between the fundamentals of the CA course and the advanced CA course. The course equips students with the technical know-how and fundamental abilities needed to become a CA. Two groups make up the intermediate subject. Aspirants can take the CA Intermediate Exam alone or with a partner if they pass the CA Foundation Exam (subject groups).
- CA Final: Students must complete all of the subjects in the final CA final course in one sitting. They will have to retake the level’s tests if they fail to do this. To enroll in the CA Final Course, the candidate needs to pay INR 22,000 (for Indian students) or 1100 US$ (for international students).
Note: CA is a time-consuming process and requires consistency from its aspirants. Isn’t it? Let’s now have a look at its time duration.
CA course duration after 12th
How long it will take to complete the CA course and training is one of the most often asked questions regarding CA Course Details after the 12th. You must have completed at least your 12th grade and have at least 4.5 to 5 years of time period available in order to successfully complete your CA course. The CA foundation course should be taken first by the candidate. The applicant becomes eligible for Intermediate after nine months. After Intermediate Group I, you are qualified for an articleship. Additionally, students have the option of enrolling in the intermediate program or the CA program immediately following their high school graduation. The decision made by the pupil will determine everything.
After 12th grade, the following steps and duration of the CA course will be followed:
- It will take four months to complete the foundation level after graduating from high school (The mandatory study period between registration and examination date is 4 months)
- It will take 8 months to go from the Foundation level to the Intermediate level (The study period between registration and examination date is 8 months)
- It takes 3.5 years from passing Intermediate to passing Finals * (Articleship period is for 3 years and preparation leave taken to prepare for finals examination is assumed to be 5 months)
Okay, good to proceed to the exam requirements and eligibility…
CA Course Eligibility
Here are the following options for students who want to take the CA exam.
CA Foundation Path
Students must pass their high school exam with a minimum aggregate score of 50% in order to take the exam through this route. Three levels make up the CA Foundation Path.
- CA Foundation (Level 1): Students who have passed their high school exams are eligible to take the CA Foundation test at the first level.
CA Intermediate (Level 2)
Students must have passed all of the papers of the level 1 test with an overall aggregate score of 50% in order to take the level 2 exam.
- Articleship – Students must have passed at least group 1 of CA Intermediate Level to take part in Articleship.
CA Final (Level 3)
Students who successfully completed the three-year Articleship course can sit for the level three exam. Students must pass level 3 with a 50% average score.
CA Intermediate or Direct Path
This route can be used by graduates of Commerce and other streams to sit for the CA exam. Graduates in the business field must average a score of 55%, while graduates in other fields must average a score of 65%. There are 2 levels in CA Direct Path.
CA Intermediate (Level 2)
Students who meet the aforementioned requirements are eligible to take the CA Intermediate, level-2 exam, which requires a minimum average score of 50% across all eight papers.
Articleship
Students must have passed at least one group of papers in the level 2 exam with an overall aggregate score of 50% in order to take part in articleship.
CA Final (Level 3)
Students who successfully completed the three-year Article ship course can sit for the level three exam. Students must pass level 3 with a 50% average score in order to pass the CA test.
Get the Detailed Information about other professional courses after 12th
CA Course Fees For 5 Years
In comparison to the price of other courses in India, the CA program is one of the more affordable professional programs. The whole cost of the CA course in India, including ICAI fees, books, study materials, coaching, and tuition costs, is not more than Rs. 4 lakh.
A detailed fee structure for the same is provided below.
CA FOUNDATION FEES
| PARTICULARS | FEES (IN INR) |
| CA Foundation Registration Fees | 9000 |
| Journal membership for a year | 200 |
| CA Foundation examination fees | 1500 |
| Practical training fees | – |
| Online form fees | 200 |
| Total | 10,900 |
CA INTERMEDIATE FEES
| PARTICULAR | INTERMEDIATE SINGLE GROUP (foundation entry) | INTERMEDIATE BOTH (foundation entry) | INTERMEDIATE FEE FOR DIRECT ENTRY ROUTE |
| Journal membership | – | – | 200 |
| Examination fees | 1500 | 2700 | 2700 |
| Registration fees | 13200 | 18000 | 18000 |
| Practical training fees | 6500+7000 | 6500+7000 ICITSS | 6500+7000 |
| Online form fees | 200 | 200 | 200 |
| Student activity fees | 2000 | 2000 | 2000 |
| Total | 30,200 | 36,400 | 36,600 |
CA FINAL FEES
| PARTICULAR | ARTICLESHIP | FINALS |
| Registration Fees | – | 22,000 |
| Journal membership | Free | Free |
| Examination Fees | – | 1800/3300 |
| Practical training fees (7000+5000) | 2000 | 14,500 |
| Total | 2000 | 39,800 |
Note: The students are kindly advised to keep a check on the official website of ICAI for the latest updates.
Online CA Course Fees
There are several coaching centers in the market that provide you with the best course videos and materials. You can easily pick one and rely completely on it for your CA journey. The coaching fees usually vary from 1.5 Lakhs to 4 Lakhs depending on certain factors which include location, medium, course along with CA and scholarships.
CA Course Subjects and Syllabus
The three tiers of the CA test, each with a set of papers, are now known to us. Now let’s examine the CA test courses for each level and the marks allotted to each paper in each level in more detail.
Papers in the CA Foundation, Intermediate, and Final Exam:
There are 4 papers with a total of 100 marks in the first level, CA Foundation. There are 3 hours allocated for each paper to complete the questions. Students must score 40% in each paper with an average of 50% throughout.
CA Foundation Papers (Level 1)
- Principles and Practices of Accounting (100 Marks)
- Business Laws and Business Correspondence and Reporting (100 Marks)
- Business Mathematics, Logical Reasoning, and Statistics (100 Marks)
- Business Economics and Business and Commercial Knowledge (100 Marks)
CA Intermediate Papers (Level 2)
Each group has four papers in the second level’s two groupings. Students have 3 hours each to complete all four papers in each group, for a total of 12 hours. Level 2 is administered for a total of 800 marks, with each paper carrying 100 marks. Students must receive a 40% on each paper in group 1, a 50% overall average on all four papers, and a 40% on each paper in group 2, a 50% overall average on the following set of four papers in order to pass this level.
Group-1
- Accounting (100 Marks)
- Corporate and other Laws (100 Marks)
- Cost and Management Accounting (100 Marks)
- Taxation (100 Marks)
Group-2
- Advanced Accounting (100 Marks)
- Auditing and Assurance (100 Marks)
- Enterprise Information System and Strategic Management (100 Marks)
- Financial Management and Economics of Finance (100 Marks)
CA Final Papers (Level-3)
The CA Final exam, which also comprises two groups of questions, is the last level. Eight papers total—four from each group—make up the CA Final exam. Students have three hours to finish each paper. The CA Final exam consists of eight papers, each worth 100 points, for a total of 800 points. Students must receive a minimum of 40% on each paper for both groups, as well as an average of 50% in group 1 and another 50% in group 2, in order to pass the CA Final exam.
Group-1
- Financial Reporting (100 Marks)
- Strategic Financial Management (100 Marks)
- Advanced Auditing and Professional Ethics (100 Marks)
- Corporate and Economic Laws (100 Marks)
Group-2
- Strategic Cost Management and Performance Evaluation (100 Marks)
- Advanced Management Accounting (100 Marks)
- Direct Tax Laws and International Taxation (100 Marks)
- Indirect Tax Laws (100 Marks)
Career in Chartered Accountancy (CA)
Let’s look at some of the best career options and possibilities after CA now that you’ve learned everything there is to know about CA Course Details after the 12th.
A student who has qualified for the CA test can serve in the following capacities;
- Chartered Accountant
- Finance Manager
- Financial Advisor
- Financial Analyst
- Auditor
- Internal Auditor
- Public Accountant
- Cost Accountant
- Government Accountant
- Taxation Expert
- Accounting Firm Manager
CA Expected Salary
A Chartered Accountant’s payment varies from INR 5 LPA to INR 8 LPA. However, it may rise up to INR 28 LPA after gaining more knowledge and experience.
However, since CA has diversified profiles, let’s have a look at some of the famous portfolios and their average annual packages.
| POSITIONS OF RESPONSIBILITIES | AVERAGE ANNUAL SALARY (INR) |
| Chartered Accountant | 7 LPA |
| Finance Manager | 12 LPA |
| Financial Advisor | 4 LPA |
| Financial Analyst | 4 LPA |
| Auditor | 5.5 LPA |
| Internal Auditor | 6.3 LPA |
| Public Accountant | 9.5 LPA |
| Cost Accountant | 5.0 LPA |
| Government Accountant | 4.2 LPA |
| Taxation Expert | 6.9 LPA |
| Accounting Firm Manager | 7.3 LPA |
Conclusion
So, that’s all about the post-12th CA course details that you need to know before starting your journey to become a CA.
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CA Course Details After 12th: FAQs
There’s no such specific subject requirement for doing CA, but preferably one should opt for commerce in their high school as they have a fundamental understanding of the CA disciplines, such as Accountancy.
The fact that CA can be pursued without mathematics is tempting.
According to the newly created norms, one can do CA even after the 10th.
Since CA is itself a course and it carries no degree restrictions with itself, still for a better and in-depth understanding of concepts, students are advised to go with B.Com. or BA Economics after their 12th grade.
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Sushant has been writing since his early days of childhood and currently, he’s serving as a Content Writer with iDreamCareer. Sushant has two start-ups of his own and he has been writing content for them since their inception. Apart from that he is passionate about writing which is why he is following his passion for writing with iDreamCareer.
