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Chartered Accountancy Qualifications

Are businesses, taxes, audits, budgets, accounts, statistics and financial management your passions ? If yes, becoming a Chartered Accountant might be the best path for your career ! This article will give you an insight about Chartered Accountancy Qualifications, eligibility to get started and come out as a successful chartered accountant – one of the most respected and well paid professions globally !

Introduction

Chartered accountancy courses can be pursued through two paths:

#1 The foundation route

If you have completed class 12 and wish to pursue Chartered Accountancy, the foundation route is the one you must opt for.  

#2 The direct entry route

If you have completed graduation and wish to pursue Chartered Accountancy,  the direct entry route is the one you must opt to.

Eligibility Criteria for CA Foundation Route:

To be eligible to take the CA Foundation route, you must have

  • Passed Class 12
  • Completed 4 months of study period after CA registration with the Board of Studies.

Eligibility Criteria for CA Direct Entry Route:

To take the to CA Intermediate direct entry route, you must –

  • Be a graduate or postgraduate from Commerce stream with at least 55% aggregate or equivalent score.
  • Have studied Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures.
  • Be a graduate or a postgraduate with a non-commerce educational background, you must have secured a minimum of 60% aggregate or its equivalent grade in the examinations conducted by any recognized University.
  • You are also eligible to take the Direct Entry Route if you have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India. If so, you can be exempted from attending the CA Foundation exam and can directly apply for the Intermediate course.
  • Currently be in your final year of graduation. You can register for the Intermediate course on a provisional basis by submitting your final year mark sheet or passing certificate, within 6 months from the date of appearance in the final year graduation examination and successfully completing the ICITSS (Orientation Course and Information Technology).

There are 3 levels in the CA course. You must complete all 3 levels successfully to become a certified CA. The eligibility criteria for the different levels are:

CA Foundation eligibility

  • You must have passed Class 12 or equivalent examination from Central or State Board of Education before the examination.
  • You must have registered with the Board of Studies on or before July 1st/Jan 1st  of the examination year.
  • You must have Applied the Examination form (online) for CA Foundation Course with ICAI on or before September  / March 1st Week of the examination year.

For syllabus, marking scheme and important dates, click here >

CA Intermediate eligibility

  • You should have passed the CA Foundation or any equivalent examination.
  • You should have registered for the previous Intermediate exam as per the syllabus of paragraph 2 or 2A of Schedule B or Professional Education (Course-II) / Professional Competence Course or Converted into Intermediate (IPC) Course or Accounting Technician Course (ATC)
  • You should have completed graduation or post graduation in any stream from a recognized institute of India.

For syllabus, marking scheme and important dates, click here >

CA Final eligibility

  • You should have passed the Intermediate examination or Professional Education Examination – II/PCC/IPCC, to be eligible for the CA Final exams.
  • You should also complete 3 – 3½ years (old Syllabus) of article training before registration.
  • If you are a PE-II stream student or converted to IPCC, you must serve the last twelve months of article training including any excess leave to complete 3 years on or before October 31st of the examination year.
  • If you are a PCC stream student, you must have served the last 6 months of article training including any excess leave on or before 30th April of the examination year.
  • If you are an Intermediate IPCC student, you must have served the last 6 months of training including any excess leave on or before 30th April of the examination year.
  • If you converted from PE-II to PCC or converted from PE-II to PCC and then to IPCC, you must have served the last 12 months of training including any excess leave on or before October 31st of the examination year. If you have taken termination, you must re-register for the balance period of training.

For syllabus, marking scheme and important dates, click here >

What is the age limit for the CA course ?

There is absolutely no age limit to qualify for the CA exams ! You can register for the foundation course at any age if you have completed your 10th or +2. You can directly register for the intermediate course at any age if you are a commerce graduate with a minimum of 55% aggregate marks or a non-commerce graduate with a minimum of 60% aggregate marks.

Other skills required for a chartered accountant

In addition to completing the above mentioned procedures and exams, a chartered accountant also requires certain extra curricular skills to be successful in their career. Some of these key skills include :

Good Communication

As a chartered accountant, you will have to interact with multiple people and businesses everyday. Having good communication skills help prove your skill and expertise to the prospect, helps build trust and finalize deals. Strong communication is also required for explaining certain complex financial or tax-related concepts easily.

Market awareness

Constantly educating yourself about the ups and downs of the market and tax codes is highly beneficial successful CAs. Staying updated with latest tax laws and regulations, helps you can serve your clients or offer investment advice more efficiently.

Strong Analytical skills

Along with good education, strong analytical and problem solving skills are mandatory. Being able to evaluate data and numbers logically and accurately helps you analyze and assess critical details for yourself as well as your clients more efficiently. Developing analytic skills can also help you predict market trends.

Attention to detail

As a Chartered account, you will have to work with a lot of numbers, data and complex calculations. A sharp attention to detail helps you spot any inaccuracies and errors more easily.

Maintain Confidentiality

You will have access to private financial data which under no circumstances should you disclose to anyone else without the permission of the respective client or unless the law requires you to. Maintaining confidentiality is how you earn your client’s trust.

Develop strong ethics

As a CA, it is important to be honest, ethical and loyal to your duties. Gaining trust of your clients is the main value of being a CA. When you hold high professional ethics, you are considered more reliable and trustworthy.

Therefore, becoming a successful CA has more to do than just clearing your exams. Developing other such key skills is also very important. This is why you must get your education from a well experienced institution that focusses equally on both. 

Our flair for teaching, unique approach, extremely talented and experienced faculty with the unbounded love and support of our students, parents and the almighty, we, at Sri Sankara Coaching Center have produced more than 3,50,000 successful students and 600+ Rank holders proving to be one of the best coaching centre in Chennai, Since 1979 !

We offer both online and face to face classes. So no matter where you are from, which level you are at, Sri Sankara Coaching center is the perfect place to kick start your CA career !

View our Previous Rank Holders >

Hope we were able to give you an insight about the Chartered Accountancy Qualifications

Chartered Accountancy Qualifications – FAQ

Yes. Any student can pursue CA after class 12 , whether you are a commerce student or a science student. But, students with commerce background go for Chartered Accountancy course because they have a knack for its core subjects.

Yes. You can pursue CA as a career, even if you complete class 12 as an Arts student.

Yes. To become a Chartered Accountant after engineering, you need to crack the 3 CA exams and complete 3 years of practical training. Infact, Engineering students can directly enroll for the CA Intermediate course and skip the CA Foundation exams !

Yes, you can become a Chartered Accountant (CA) after completing  M. Com.

The CA course is designed in such a manner that students can get the professional certificate at any stage of their life as there are no age limits. The CA course duration is scheduled to be completed in 4.5 years.

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