CA Course Details after 12th – Complete Guide
Are you one of those commerce students of standard 12th who wish to pursue a career as a Chartered Accountant and are searching for CA course details after the 12th? Therefore, you have arrived at the appropriate place. In case you are keen on knowing how to pursue a CA course after the 12th and are searching for the eligibility and requirements to turn into one, here is a blog that will tell you all the relevant CA course details after the 12th.
Who is a Chartered Accountant (CA)?
Before knowing the CA course details after standard 12th, let us initially polish our knowledge by quickly understanding who a CA is. A Chartered Accountant/CA is an individual who has a career as a financial controller in business companies and other fields.
Eligibility to Become Chartered Accountant after 12th
Before jumping onto CA course details after the 12th, let’s initially check the eligibility criteria for becoming a CA. Drafted below are the eligibility criteria for the same:
The candidate must have passed the senior secondary examination/10+2 examinations
A candidate who has passed entrance examinations/foundation examinations/professional education is eligible for enrollment in Accounting Technician Course (ATC).
A candidate registered for inter/professional education or inter/ professional expertise is eligible for enrollment
Students registered for the Intermediate IPC course without the ATC can as well choose this course
CA Course Details after standard 12th: Step-wise Instructions
After shortly going through the eligibility criteria, let’s now find out how to pursue CA after the 12th. If you are in the final year of the 12th standard or are finished with the exams, you must begin preparing as early as possible. Given below are the needed CA course details after the 12th. Go through each one of them to understand how you can accomplish your dream career.
1. CA Foundation Way after Class 12th
Sign up with the Institute of Chartered Accountants of India (ICAI) for the common proficiency test after the class 12th exams. One can as well register after class 10th and appear for the exam further completing standard 12th. There are 4 subjects asked in the test particularly Principles and Practice of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning & Statistics. It is a 200 marks entrance examination. A minimum mark of 100 out of 200 is required to pass it.
2. Sign up for Integrated Professional Competence Course (IPCC)
A candidate who has cleared both CA Foundation and the standard 12th exam is eligible to register for IPCC. The registration should be done nine months before the initial day of the examination month. The IPCC exam comprises seven subjects with 700 marks. A mark of 40 marks in every subject is compulsory to clear the exam. An overall mark of 50% or above is as well necessary. The exam has two kinds; the first kind has 4 papers namely Accounting, Business Law, Ethics and communication; Cost Accounting and Financial Management and Taxation. The second category has 3 tests particularly Advanced Accounting, Auditing and Assurance and Information Technology and Strategic Management. On getting 60 marks in any subject, the candidate is exempted from reappearing for that paper in a further attempt.
3. Articleship/Internship
This is the next step after passing the IPCC exam. It is a 3-year long training program or an internship that is done together with the CA final exam. This training is provided under a certified CA for the complete 3 years.
4. CA Final Course Registration
This examination is administered at the time of the last 6 months of the 3 years of an internship program. The candidate can join as a member of ICAI, entitled as a Chartered Accountant. Post clearing all the examinations with flying colors, the candidate can call himself/herself a “Chartered Accountant” with honor.
5. Charges
The cost for the entire course of CA after class 12th is nearly INR 50,000 to 80,000. It includes all the charges like registration fees, journal fees, orientation course fees, entrance examination fees, and others.
6. Duration of the CA Course
When asked related to CA course details after the 12th, one of the most often asked questions is how many years will it take to finish the CA course and training? Well, it will take a minimum of 12th nearly 4.5 to 5 years after the class 12th to finish your CA course. The candidate must start the CPT/CA foundation course. The candidate is suitable for IPCC after 9 months. The eligibility for an articleship is after group I of IPCC. As well, students can either take direct entrance into the CA course after class 12th or they can obtain admission in the intermediate course after graduation. It completely depends on the choice of the student.
So, if you are a science/commerce/art student till class 12 and want to pursue a Chartered Accountancy course then you can simply go ahead without any hesitation.
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