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What is ICAI Chartered Accountant (CA)

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Now days, students simply think of career in Engineering, Medical, Management, Law etc. Not many understand the importance of ICAI Chartered Accountant (CA). Chartered Accountant is a challenging profession and also offers rewarding career. It includes analytical ability and intuitive genius with updated general awareness and top class skills of communication. It is the only professional course wherein practical training is embedded with a high quality curriculum reckoning the contemporary business dynamics. They are thoroughly trained in all avenues of Finance and Accounting. 

In a dynamic and challenging business environment, Chartered Accountants are looked upon as Complete Business Solution Providers. This field provides employment in the areas of Accounting, Auditing, Corporate Finance, Business and Company laws, Taxation and Corporate Governance. The amount of investment in pursuing ICAI CA is also not very much. It takes only 4 years to complete ICAI CA course, if cleared in the first attempt. To be successful throughout, proper planning and execution in terms of study and practical training is required.

ICAI Chartered Accountant (CA) Eligibility/Entry Criteria - CPT, IPCC, Final

The student who would like to join ICAI Chartered Accountancy course, will have to undergo three stages according to the eligibility/entry criteria given below.

  • Common Proficiency Test (CPT)
  • Integrated Professional Competence Course (IPCC)
  • Final Stage

ICAI Chartered Accountant (CA) 2014 Syllabus - CPT,IPCC, Final

The ICAI Chartered Accountancy (CA) 2014 syllabus for all the three stages - CPT, IPCC, Final is given below:

Syllabus for CACPT is as follows:

Session Section Subject Marks Time
Session I Section A Fundamental of Accounting 60 120 min
  Section B Mercantile Law 40
Session II Section C General Economics 50 120 min
  Section D Quantitative Aptitude 50

Syllabus for Intermediate (Integrated Professional Competence) Course is as follows:

Group Paper Part Subject Marks Total Marks
Group I Paper 1   Accounting   100
Paper 2   Business Laws, Ethics and Communication   100
Part I Business Laws comprising 60
a) Business Laws 30
b) Company Law 30
Part II Ethics 20
Part III Communication 20
Paper 3   Cost Accounting and Financial Management   100
Part I Cost Accounting 50
Part II Financial Management 50
Paper 4   Taxation   100
Part I Income-tax 50
Part II Service Tax and VAT 25 each
Group II Paper 5   Advanced Accounting   100
Paper 6   Auditing and Assurance   100
Paper 7   Information Technology and Strategic Management   100
  Part I Information Technology 50  
  Part II Strategic Management 50  

Syllabus for Final Course is as follows:

Group Paper Part Subject Marks Total Marks
Group I Paper 1   Financial Reporting   100
Paper 2   Strategic Financial Management   100
Paper 3   Auditing and Professional Ethics   100
Paper 4   Corporate and Allied Laws   100
  Part I Company Law 70  
  Part II Allied Laws 30  
Group II Paper 5   Advanced Management Accounting   100
Paper 6   Information Systems Control and Audit   100
Paper 7   Direct Tax Laws   100
Paper 8   Indirect Tax Laws   100
  Part I Central Excise 40  
  Part II Service Tax 40  
  Part III Customs Duty 20  

ICAI Chartered Accountant (CA) Salary - Starting Salary/Pay Scale

An ICAI Chartered Accountant (CA) has excellent starting salaries/pay scale in multinational companies, commercial organizations i.e. in private and public sectors, foreign and local banks and audit firms, etc.

The Committee for Members in Industry (CMII) of ICAI organizes Campus Placement Programs for all levels of Chartered Accountants at frequent intervals throughout the year and provides world class placement services to the Members and best accounting and finance talents to the industry.

The highest salary offered for Domestic posting in the Campus Placement Program for Feb – March 2013 was Rs.16.55 lakh Per Annum offered by Bharti Airtel at New Delhi center to 5 candidates. Highest salary offered for International posting in the Campus Placement Program for Feb- March 2013 was Rs. 21 Lakh per annum offered by Alghanim Industries at New Delhi center to 4 candidates. The average package offered to C.A is Rs 7.11 Lakh Per Annum.

Some of the top recruiters are generally:

  • GECIS (formerly GE Capital Intl Services)
  • S.R. Batliboi & Co
  • L&T IBM India Pvt. Ltd
  • Tata Consultancy Services
  • Barclays Shared Services Pvt. Ltd
  • Axis Risk Consulting Pvt. Ltd
  • Syndicate Bank
  • A Genpact Company Landmark Group UAE
  • Vedanta Resources Plc Caterpillar India Pvt. Ltd 

ICAI Chartered Accountant (CA) Career Benefits

ICAI Chartered Accountant (CA) have wide career opportunities. Many Chartered Accountants (CA's) occupy key positions in corporate sector. They deal with the management of money, prepare and analyze accounts and provide financial advice. Accountants and auditors prepare, analyze and verify financial reports for businesses and government organizations. The accounting department figures profits for the company, prepares its taxes and keeps track of the cost of running the company. The auditors check those calculations to verify their accuracy. Chartered Accountants maintain the records of financial transactions.

Some of the conventional and upcoming career options available for Chartered Accountants are:

  • Audit and Taxation
  • Financial Advisory/ Mergers & Acquisitions
  • Investment Banking
  • Banking and Financial Services
  • Outsourcing
  • Academics       
  • Corporate Sector
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What is ICAI Chartered Accountant (CA)
What is ICAI Chartered Accountant (CA) - By : | Date Published : 26-08-2014 | Category : CA_CS |
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