CA Subjects

CA Subjects

Chartered Accountancy is not just a course but a social responsibility for which individuals are trusted by the public, corporate firms, government authorities and other pillars of the economy. With a reputation of being one of the highest degrees of integrity and professionalism in the country, Chartered Accountants (CA) are considered to be the most prestigious experts in the field of business and finance. Are you willing to take the opportunity to pursue this valuable course? Are you looking for CA subjects that you should master to crack all the levels of a CA examination? Here’s a comprehensive guide on Chartered Accountancy and various subjects that are a part of the CA examination curriculum.

What is Chartered Accountancy?

Chartered Accountancy is a professional course for individuals to qualify to take on a number of specific activities within the spectrum of accountancy. These activities can be auditing financial statements, financial advising or filing of corporate tax returns. 

Who is a Chartered Accountant?

A designation of Chartered Accountant is worldwide referred to as professional accountant or Certified Public Accountant (CPA). A qualification in Chartered Accountancy opens the door to a vast range of exciting career opportunities in the sphere of business and finance.

Chartered Accountants can wear a number of hats but the specialisation they choose determines under which umbrella they will work. There are typically 4 areas in which professional accountants serve.

  1. Taxation
  2. Applied Finance
  3. Financial Accounting and Reporting
  4. Management Accounting

CA Subjects- Why Pursue a Professional Career in CA?

Chartered Accountants are recognised for their professional standards, technical competence and veracity. There is a constant demand for these professionals all around the world, because of tremendous growth in the business and finance sector.

The Chartered Difference

You do not need prior work experience to pursue a course in CA. However, you get an opportunity to undergo articleship and training while pursuing the course. And the latter part is important to get a license to professionally work as a CA.

Recognised Qualification

A professional qualification in Chartered Accountancy has true global mobility with its education and crucially the training recognised internationally.

Exam Success

CA has an increasing career opportunity due to its global recognition as one of the highest-respected positions. After successfully clearing all the stages in the CA examination along with subsequent training, there are ample well-paying job for individuals in any of the top business and finance companies. 

Flexibility of Study Programme

If you’re planning to enrol for a CA course, you must know that CA is a full-fledged professional degree offered by a recognised institute governing CA programme in specific country. However, there is no compulsion to attend classes regularly which opens up the feasibility for students to study various CA subjects at their own pace.

A Brief about CA Examination and CA Subjects

How to Become a Chartered Accountant?

  1. The students should register with the recognised authority governing CA programmes like ICAI.
  2. They need to qualify 3 modules of the course: CA Foundation Exam, Intermediate Course (2 groups) and CA Final.
  3. After you have cleared the first level i.e, CA Foundation Exam and first group of Intermediate Course, you are eligible to begin your articleship under CA firm or a practising CA.
  4. Till the time you complete 3 years of practical training, your CA Final are due which you must clear.
  5. Other than this you have to complete a computer-related training and an Orientation Course (OC) to improve your information technology and soft skills.
  6. Once everything is complete, students will attain their professional CA degree.

Note: Graduates can skip the CA Foundation exam and enrol directly with the ICAI for the Intermediate Course. 

Also Read: How to Pursue CA After Graduation

What are the top institutes governing Chartered/Certified Public Accountancy programme all across the world?

CA Subjects

In order to become a successful Chartered Accountant, one needs to combine innovative education with mentored work experience. This helps to develop the ability to analyse and interpret business problems and find out dynamic solutions. Perhaps this is the reason why a CA has the edge over its counterparts. 

Below listed are the important CA subjects and topics covered in each of its examination module.

CA Subjects in CA Foundation Course or CPT (Common Proficiency Test)

  • Fundamentals of Accounting (Principles and Practice of Accounting)
  • Business Economics and Commercial Knowledge
  • Business Mathematics, Statistics and Logical Reasoning (Quantitative Aptitude)
  • Business Laws and Business Correspondence and Reporting

CA Subjects in Intermediate Course or IPCC (Integrated Professional Competence Course)

  • Accounting
  • Cost Accounting and Financial Management
  • Advanced Accounting
  • Taxation
  • Auditing and Assurance
  • Business Laws, Ethics and Communication
  • Information Technology and Strategic Management
  • Corporate and other Laws

CA Subjects in Final Course

  • Advanced Auditing and Professional Ethics
  • Financial Reporting
  • Strategic Financial Management 
  • Strategic Cost Management and Performance Evaluation
  • Corporate and Economic Laws
  • Direct Tax Laws and International Taxation
  • Indirect Tax Laws
  • Electives: Choose any 1 out of 6 CA subjects
  1. Risk Management
  2. International Taxation
  3. Economic Laws
  4. Financial Services and Capital Markets
  5. Global Financial Reporting Standards
  6. Multidisciplinary Case Study

Advancing Studies and Courses

Undoubtedly, you gain almost everything you wished in your life after becoming a CA. But still, there are few courses that you can pursue which will help you to give an edge over the other roles in an organisation.

  • Chartered Financial Analyst (CFA)
  • Certified Financial Planner (CFP)
  • Financial Risk Manager (FRM)
  • Company Secretary (CS)
  • Cost and Work Accountants (CWA)
  • MBA in Finance
  • Actuarial Sciences
  • LL.B.

Also Read: How to Become a Company Secretary

Job Opportunities in Chartered Accountancy

Chartered Accountants take on the role of business advisors in high-level strategic decisions, driving business, increasing market share for clients or employers and improving profit margins. Other than this, many CAs are seen using their skills and expertise to form their own businesses and becoming highly successful entrepreneurs.

Here is a list of top recruiters of Chartered Accountants.

  • Audit and Taxation
  • Tax Advisory Firms
  • Cost Accountant
  • Project Finance or Financial Advisory
  • Banking and Financial Services (Government and Private)
  • Investment Banking Firms
  • Insurance Sector
  • Corporate Houses (includes planning and budget team
  • Law Firms
  • Chartered Accountant Firms
  • Outsourcing
  • Academics

The rewards that goes with professional accountants are significant. Below is a list of major job profiles for a CA to work on:

  • Auditors
  • Tax Specialist (Direct and Indirect Taxes)
  • Cost Accountant
  • Investment Banker
  • Manager or Assistant Manager in Accounts, Finance, Credit etc
  • Asset Manager
  • Consultant

Also Read: 

If you’re considering becoming a Chartered Accountant, you should be familiar with all the CA subjects covered in various stages of CA examination. Take this opportunity to reach out to our experts at Leverage Edu to find out more about the entry routes, in order to build an exciting career path towards the industry of your choice, anywhere in the world.

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