A Chartered Accountant is a qualified professional who handles a wide range of responsibilities within the accountancy spectrum. CAs are always in demand due to their technical competence, veracity, and professional standards. Every company requires individuals who possess the incredible knowledge of financial laws and regulations and can handle the monetary issues without worrying about the legal ramifications that might jeopardize the business. A CA course is a professional degree that is offered by certified Chartered Accountancy bodies throughout the world and aims to equip students with complete knowledge of financial management and auditing, fiscal laws, regulations, strategic financial management, ethics, amongst others. In this blog, we will walk you through the essential features of a CA course which is considered as one of the extensive and challenging degrees in the world.
Overview of a CA Course
It generally takes 5 years to complete a CA course and is structured to help you gain footing in the finance industry. The course consists of numerous levels that you need to clear in order to become a Chartered Accountant. However, it is to be kept in mind that each country has its own set of requirements in terms of certificates and degrees to allow you to work as a CA.
Filing of corporate tax returns, auditing financial statements and financial advising are some of the responsibilities of a Chartered Accountant. In the USA, CA is referred to as a Certified Public Accountant or CPA or the course offered is related to finance and accounting and there are numerous organisations and governing bodies for CAs.
An essential benefit of pursuing a CA Course is that there is no age limit or a maximum number of attempts for this course. Any individual of any age can attempt the course any number of times to clear it. You can enrol in the course after 12th standard or after graduation.
Students planning to pursue it after graduation will be exempted from appearing for the initial entrance exam for the CA Course. However, you have to score a particular percentage to get into the course. Once you have cleared the specified levels, you are required to join Articleship for a definite period of time to gain experience and progress further.
Also Read: How to Pursue CA after Graduation
CA Course vs MBA Programs
Students aspiring for a career in Finance and Accounting might get confused in choosing between a CA Course and an MBA. Although both the courses deal with similar subjects, there are various striking features that set them apart. Here is a table listing the major difference between these two:
|No. of Years||4-5 Years||2 Years|
|Subjects||Business Environment & Concepts,|
Attestation and Regulation, etc.
Accounting, Marketing, etc.
|Fee Structure||$900-$1000 |
64,000 INR-71,000 INR approx.
|Differs as per university/institute|
|Job Titles||Management Accounting, |
Sales heads, Operations, etc.
Institutes Offering CA Courses Across the Globe
There are numerous institutes that provide CA course or allied programs. These institutes are mainly the affiliated CA governing bodies of different countries around the world. Some of these institutes include:
- American Institute of Certified Public Accountants
- Canadian Institute of Chartered Accountants
- Institute of Chartered Accountants of Scotland
- Institute of Chartered Accountants of Ireland
- Institute of Chartered Accountants of Zimbabwe
- Institute of Chartered Accountants of Australia
- Institute of Chartered Accountants in England and Wales
- Institute of Chartered Accountants of Srilanka
Career Prospects in Chartered Accountancy
There are numerous career options you can discover after completing a CA Course. Some of the major areas offering numerous opportunities in this field include:
- Management Consultancy Services
- Pursue Civil/Government services
- Career in the Insurance Sector
- Investment Banking
Hopefully, this blog provided you with clarity about the CA Course. Regarded as one of the toughest courses around the world, cracking the various exams of CA can be a challenging process. Let Leverage Edu mentors help you master your preparation for these exams so that you can pass them with high scores and get closer to the rewarding career of CA.