Which are popular CA courses?

CA (CAchelor of Commerce) is a three-year undergraduate degree that focuses on commerce, economics, business law, accountancy, taxation, and financing. CA is the foundation upon which subsequent studies can be constructed.

The CA course can be divided into three categories: CA-General, CA Honours, and CA LLB. A B Commerce degree can help you pursue careers as a Company Secretary, Investment CAnker, Certified Management Accountant, or Chartered Accountant. This degree is also offered in a distance learning and online format alongside CA Full Time.

Why should students do CA?

• The growing Fintech, Mutual Funds, and Insurance domains offer a variety of opportunities in the financial sector.
• Students who complete a B Commerce degree have prospects in finance and CAnking. Students interested in finance or trade will also find plenty of opportunities.
• After CA, many students go into Sales, which is also a profitable professional path. With expertise, there is a lot of room for advancement in the Sales department across all industries.

Who should pursue CA?

CA should be carefully chosen by candidates to obtain the desired outcome. CA course is a good starting point for those who desire to work in management or commerce. It also teaches the fundamentals of the MCom course curriculum, making it an excellent choice for MCom candidates. Demand for CA candidates has increased in both the government and business sectors over the years.

CA Eligibility Criteria

To become a Chartered Accountant, the candidate has to go through a process of training and clear examinations at various course levels, conducted by the Institute of Chartered Accountants of India (ICAI). There are three main course levels in the CA course - Foundation, Intermediate and Final

Eligibility Criteria for CA Foundation Route:

• The candidate must have passed Class 12 and completed four months of study period after CA registration to be able to appear for Foundation examination.
• The candidate needs to register with Board of Studies and complete four months of study period.

Eligibility Criteria for CA Direct Entry Route:

• In this entry route, graduates/postgraduates from Commerce stream with at least 55 percent aggregate or equivalent score can apply. However, they must 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.
• Graduates/postgraduates from non-commerce must have secured a minimum of 60 percent aggregate or its equivalent grade in the examination conducted by any recognised University (including Open University).
• Direct Route entry is also open to candidates who have passed the intermediate-level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India. Such candidates are exempted from qualifying Foundation and can register directly for the Intermediate course.
• Candidates in their final year of graduation can also register for the Intermediate course on a provisional basis. Registration of such candidates would be regularised only on submission of the final year mark sheet or passing certificate within six months from the date of appearance in the final year graduation examination and on successful completion of ICITSS (Orientation Course and Information Technology). During the provisional registration period, a candidate can undergo and complete ICITSS (Orientation Course and Information Technology).

Chartered Accountancy Course and Syllabus

The CA course is divided into three levels: CA Foundation, CA Intermediate, and CA Final Level. Below are the papers covered at each level and marking schemes (officially known as skill assessment) of education and training at all levels of CA courses:

Papers at Foundation Level

The CA Foundation course is divided into four papers. One has to clear all four papers to qualify this level of Chartered Accountancy course. A students learns Principles of Accounting, Business Laws, Business Mathematics, and Business Economics under the CA Foundation syllabus.

Paper 1

1. Accounting

Paper 2

1. Business Laws

Paper 3

1. Business Mathematics
2. Logical reasoning
3. Statistics

Paper 4

1. Business Economics

Papers at Intermediate Level

The CA Intermediate course is divided into two groups, both having four papers. One has to clear all eight papers to qualify this level of Chartered Accountancy course. Given below is the table indicating subjects and topics included in the eight papers of CA Intermediate course:

Group 1 Papers

1. Advanced Accounting
2. Corporate and Other Laws
3. Taxation
• Income-tax Law
• Goods and Services Tax

Group 2 Papers

1. Cost and Management Accounting
2. Auditing and Ethics
• Financial Management
• Strategic Management

Papers at Final Level

The CA Final course is divided into two groups and eight papers. One has to clear all eight papers to qualify this level of Chartered Accountancy course. Given below is the table indicating subjects and topics included in the eight papers of CA Final course

Group 1 Papers

1. Financial Reporting
2. Advanced Financial Management
3. Advanced Auditing, Assurance and Professional Ethics

Group 2 Papers

1. Direct Tax Laws and International Taxation
2. Indirect Tax Laws
3. Integrated Business Solutions
   (Multi-disciplinary case study involving Papers 1 to 5 at the final level along with Self-Paced Online Modules Sets A and B and Strategic Management)

Which are the the best Courses after CA?

Students will have wide range of options to choose from after completing their CA degree. The CA graduates can either look for jobs, commence their own business or apply for further education by pursing different courses after CA, such as Master of Business Administration (MCA), Master's in Finance, or a Master's in Economics.

A B.Com degree is also helpful for those who want to launch their own company or work in finance or accounting. Your interests, job goals, and personal circumstances will ultimately determine the best course of action for you. To determine which solutions might be the best fit for you, it's always a good idea to do some research and consult with experts in the industry.

Top CA Colleges

CA remains the most popular undergraduate course in India due to its numerous professional opportunities. The country's most important industry is commerce as it is one of the most important economic contributors.

As the economy grows, so will the commerce industry and the jobs available in it. As a result, a CA. offers a wide range of applications and career opportunities to students. Selecting the right college for yourself is a big task. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.

Top CA Private Colleges

CA is a renowned course that is offered in a number of private institutes. Students can make their choice and then shortlist the colleges according to their suitability. The table below mentions top 10 CA private colleges in India with their respective fee structure.

Top CA Government Colleges

Students also have the option to pursue CA courses from government colleges. Also, the fee of government colleges is comparatively lesser than private colleges, hence students have the option to select the CA specialisationsq and colleges suiting their budgets. Some of the popular CA government colleges are listed below:

CA Career, Jobs, Salary and Recruiters

Chartered Accountants are one of the most sought-after professionals in the world of finance who offer their services in maintaining and reviewing financial health of a business. Chartered Accountants can get important job positions in public as well as private sectors because they act as business advisors who help in the preparation of financial reports, securing loans, preparing financial projections, showing how the loans will be repaid, and determining the viability of business.

What are the main job profiles and average salary of CA students?