Chartered Accountant (CA)


Chartered Acountant (CA)

Chartered Accountant is an internationally recognized professional designation. A person with this designation specializes in the fields of audit, taxation and mainly accounting. Many a times CA acts as a management and corporate caretaker. The CA profession has risen in importance in the industry. MNCs, small-scale companies and businesses mostly compulsorily require a Chartered Accountant to manage the company’s money matters. In India, a candidate qualifies as a Chartered Accountant on successful completion of the three-level course set by the Institute of Chartered Accountants of India (ICAI), which also conducts CA exams and certifies the students. Wisdom Academy offers the Best CA Classes in Mumbai as well as Home Tuitions for the same.
The three levels of the CA Course are:

  1. CA Foundation
  2. CA Intermediate
  3. CA Final

Basic Eligiblity Criteria:

A student applying for CA should have passed his/her Higher Secondary examination i.e. (10+2) or any other equivalent examination. Even a Commerce background graduate with Auditing, Commercial Law, Accountancy are known as eligible for pursuing this program. CA passed candidates specialize in Auditing, Cost Accountancy, Accountancy, Taxation.

1. CA Foundation:

  • Number of Papers – 4
  • Paper 1: Principles and Practices of Accounting (100 Marks)
  • Paper 2: Business Law & Business Correspondence and Reporting (100 Marks)
    • Section A: Business Law (60 Marks)
    • Section B: Business Correspondence and Reporting (40 Marks)
  • Paper 3: Business Mathematics and Logical Reasoning &Statistics (100 Marks)
    • Part I: Business Mathematics and Logical Reasoning (60 Marks)
    • Part II: Statistics (40 Marks)
  • Paper 4: Business Economics & Business and Commercial Knowledge (100 Marks)
    • Part I: Business Economics (60 Marks)
    • Part II: Business and Commercial Knowledge (40 Marks)
  • Paper 3 and Paper 4 will be Objective type papers

Note:

  • Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.
  • Examination: In the month of November and May after passing Class XII
  • Objective type question of I or more marks.
  • After Ca Foundation., the student has to appear for CA Inter Exam along with 100 hours of Computer Training with Recognized Institutions.
  • Only after CA Inter Group – I is cleared, 3 years article ship can be started.
  • After Clearing CA Inter both groups and completing 3 years of article ship, the student should appear for CA Final Exam.
  • On passing Final C.A. Exam, the student becomes a Chartered Accountant

2. CA Intermediate:

Group 1

  • Paper 1: Accounting (100 Marks)
  • Paper 2: Corporate Laws & Other Laws (100 Marks)
    • Part I: Corporate Laws (60 Marks)
    • Part II: Other Laws (40 Marks)
  • Paper 3: Cost and Management Accounting (100 Marks)
  • Paper 4: Taxation (100 Marks)
    • Section A: Income Tax Law (60 Marks)
    • Section B: Indirect Tax Laws (40 Marks)

Group 2

  • Paper 5: Advanced Accounting (100 Marks)
  • Paper 6: Auditing and Assurance (100 Marks)
  • Paper 7: Enterprise Information System & Strategic Management (100 Marks)
    • Section A: Enterprise Information System (50 Marks)
    • Section B: Strategic Management (50 Marks)
  • Paper 8: Financial Management & Economics for Finance (100 Marks)
    • Section A: Financial Management (60 Marks)
    • Section B: Economics for Finance (40 Marks)

Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS):

  • Duration: 4 weeks (2 weeks for soft skills and 2 weeks for IT)
  • When to complete: Students registering for the Intermediate course shall be required to do ICITSS before the commencement of practical training.
  • Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being able to appear in the Intermediate examination.

Practical Training:

  • Duration of Practical Training: Three Years
  • Commences after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing either or Both Groups of Intermediate.
  • For direct entrants coming through Graduation and Post-Graduation route, the practical training commences immediately after they complete four weeks ICITSS.

Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS):

  • Duration: 4 weeks (2 weeks for soft skills and 2 weeks for Advance IT)
  • When to complete: Students undergoing Practical training shall be required to do AICITSS during the last 2 years of Practical training but to complete the same before appearing in the Final Examination.
  • Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being eligible to appear in the Final Examination.

3. CA Final:

After passing the IPCC Exams, the student should register with the ICAI, for the Final Course. He should register for Articleship Training and prepare for the Final Exam. He is eligible to appear in the Final Exam, if he has completed the articleship training or is serving the last 6 months of his articleship training on or before the last day of the month preceding the month in which the Final Exam is held.

Syllabus:

Group 1

  • Financial Reporting (100 Marks)
  • Strategic Financial Management (100 Marks)
  • Advanced Auditing and Professional Ethics (100 Marks)
  • Corporate Laws and other Economic Laws (100 Marks)

Group 2

  • Strategic Cost Management and Performance Evaluation (100 Marks)
  • Direct Tax Laws (70 Marks) & International Taxation (30 Marks)
    • Part I: Direct Tax Laws (70 Marks)
    • Part II: International Taxation (30 Marks)
  • Advanced Indirect Tax Laws (100 Marks)
  • Elective Paper (100 Marks)
    (One to be chosen from the list of Elective Papers)
    • Risk Management
    • International Taxation
    • Economic Laws
    • Financial Services & Capital Markets
    • Global Financial Reporting Standards
    • Multidisciplinary Case Study

  • All the subjects have equal weightage of 100 marks each.
  • Other Requisite: Must do Articleship for 3 years.

Wisdom Academy provides the Best CA Classes in Mumbai for CA Foundation, CA Intermediate and CA Final by expert faculties in Andheri and in Borivali. We also provide Home Tuitions for CA by expert faculties.