For a long time, Chartered Accountancy (CA) has been one of the popular career options among students in India. Students choose to pursue this professional course and start their journey, despite knowing the hardships and challenges associated with it.
The popularity of the CA course can be judged by the fact that, every year thousands of students appear for CA examinations to fulfill their CA dream. And the lucky ones who crack the examination, get the sense of honor and pride by calling themselves as Chartered Accountant.
Pursuing and studying to become a Chartered Accountant can be one of the best professional decisions a student can take. Students are well aware of the fact that CA exam preparation, if done with the right approach and with exceptional dedication, can reap significant and rewarding benefits for them in the long run.
Being equipped with a CA degree not only open doors of opportunities for students, but also make them a “PROFESSIONAL” having expertise in one field. In fact, Chartered Accountancy is a professional qualification with global recognition.
Be it a business, entity, or an organization (big or small), proper financial management is the most crucial part of its effective and efficient functioning. Getting authentic & credible financial advice from a “PROFESSIONAL” is the key to a successful business. This brings a Chartered Accountant into the picture. A CA with the right sets of skills and knowledge can dramatically transform the financial health of a company.
In other words, a CA’s advice can be considered as “THE MOST IMPORTANT” when it comes to managing finances, filing taxes ,and doing audits of the company.
Keeping in mind the good employment opportunities with the rise in businesses and start-ups in India, this is the right time to pursue the highly rewarding career of CA. The complex taxation system of India and the recent addition of Goods and Service Tax (GST) by the government has also strengthened the scope of Chartered Accountancy in India.
Right coaching and training for Chartered Accountancy serve as a strong foundation for the CA exam preparation, be it CA Intermediate Preparation or CA Final Preparation.
Since CA is a professional qualification in India therefore, it is governed by a professional body known as the Institute of Chartered Accountants of India (ICAI). ICAI sets & conducts the exams, lay out the rules, and regulate the standards of the CA examinations.
To clear the CA examination and to become a CA, one needs to absorb large chunks of information and undertake a deep understanding of all the subjects. It also requires a lot of hard work and perseverance.
The most crucial part while preparing for the CA examination, is PLANNING. Planning for the CA exam preparation includes the right set of rules and regulations and sticking to the plan till the very end. If you succeed in doing so, it will pave a way for you to the road of success.
Make a proper time table and dedicate specific hours for particular subjects like Accounts, Business Mathematics, Statistics, and Finance. Apart from that, make sure that you are also spending enough time on solving sample papers, CA intermediate mock tests and previous year questions. Brushing up on your accounting and advance accounting courses for CA is the key to the successful examination attempt.
Students with Commerce, Science ,and Arts background can take the admission in the CA course. After completion of 12th standard, students can take the admission in the CA program through CPT (Common Proficiency Test). Cut off marks for the CPT test is 50%.
A candidate can pursue Chartered Accountancy course through two different methods. One is the Foundation Course Route and the other Direct Entry Route. The Foundation Course is the entry point to the course after 12th standard and Direct Entry is for candidates who are graduate.
There are four stages of the CA course as mentioned below:
- IPCC (Integrated Professional Competence Course)
- Article ship (Duration-3 years)
- CA- Final
Your focus should be on understanding the basic concepts. This can be done by covering your whole syllabus and by making notes in an easy and understandable way.
Attempting mock tests within the given time frame is another great way of improving your confidence. You should try taking at least three mock test papers. How much you can grasp while studying is more important than how much time do you study.
Your investment of time, dedication, and constant hard work for the entire duration of the CA course will be worth it in the end. No effort ever goes to waste.
The CA degree indeed rewards you with higher salary packages in big multinational companies and also makes you capable enough to start your own business.