Are you one of those commerce students of class 12th who wish to pursue a career as a Chartered Accountant and hence is looking for CA course details after 12th? Then, you have definitely arrived at the right spot. If you are keen on knowing how to pursue a CA course after 12th and are looking for the eligibility and requirements to become one, here is a blog that will tell you all the pertaining CA course details after 12th. You’ll also come to know the amazing job profiles and salaries offered to CA candidates towards the end of this blog.
This Blog Includes:
- What is a Chartered Accountant (CA)?
- After 12th CA Course Importance
- Eligibility to Become CA after 12th
- CA Course Details after 12th: Step-wise Guide
- Career after CA Course
What is a Chartered Accountant (CA)?
Before knowing the CA course details after 12th in detail, let us first polish our knowledge by quickly understanding who is a CA. A Chartered Accountant or CA is a person who has a career as a financial controller in business companies and other sectors. The top different positions acquired by a CA include:
- Tax Accountant
- Management Accountant
- Financial Accountant
- Financial Analyst
- Budget Analyst
- Auditor, and more
CA is divided into 3 levels along with 3 years of practical training which requires approx. 4.5 years after class 12th. One can become a CA after class 12th or graduation. The candidates must clear three levels of examinations conducted by ICAI, which we will discuss in the later section of the blog.
After 12th CA Course Importance
The blog on CA course details after 12th would be left incomplete if we don’t discuss why you should pursue this honourable course. CA as a profession is a very popular job profile among youth and adults, for a very long time. The job is highly reputed and brings in a lot of financial stability. Almost every industry and company requires a financial analyst to keep track of their expenses and incomes. This clearly means that the job demand is high and high-quality CAs are always required in any industry or sector of the economy.
Eligibility to Become CA after 12th
Before hopping onto CA course details after 12th, let’s first check the eligibility criteria for becoming a CA. Enlisted below are the eligibility criteria for the same:
- The candidate must have cleared senior secondary examination or 10+2 examination
- A candidate who has cleared entrance examinations or foundation examination or professional education is eligible for enrolment to Accounting Technician Course (ATC)
- A candidate registered for intermediate/professional education or intermediate/ professional competence are eligible for enrolment
- Students registered for Intermediate IPC course without the ATC can also opt for this course
CA Course Details after 12th: Step-wise Guide
After briefly going through the eligibility criteria, let’s now discover how you can pursue CA after 12th. If you are in the final year of the 12th class or are done with the exams, you must start preparing as early as possible. Given below are the requirements and all the required CA course details after 12th. Go through each one of them to understand how you can achieve your dream career.
1. CPT Route after Class 12th
Register with the Institute of Chartered Accountants of India ICAI for the common proficiency test after the class 12th exams. One can even register after class 10th and appear for the exam after completing class 12th. There are 4 subjects asked in the test namely Accounts, Law, Economics, and Quantitative Analysis. It is a 200 marks entrance exam. A minimum score of 100 out of 200 is required to clear it.
2. Register for Integrated Professional Competence Course IPCC
A candidate who has passed both CPT and class 12th exam is eligible to register for IPCC. The registration should be done nine months before the first day of the examination month. The IPCC exam includes seven subjects with 700 marks. A score of 40 marks in every subject is compulsory to clear the exam. An overall score of 50% or above is also necessary. The exam has two categories, the first category has 4 papers namely Accounts, Law, Taxation, Costing, and Finance Management. The second category has 3 tests namely Audit, IT and Strategic Management, and Advanced Accountancy. On obtaining 60 marks in any subject, the candidate is exempted from reappearing for that paper in the next attempt.
This is the next step after clearing the IPCC exam. It is a 3year long training program or an internship that is done along with the CA final exam. This training is provided under a qualified CA for the complete 3 years.
4. CA Final Course Registration
This examination is conducted during the last 6 months of the 3 years of an internship programme. The candidate can enroll as a member of ICAI, designated as the Chartered Accountant. Post clearing all the exams with flying colours, the candidate can call himself/herself a “Chartered Accountant” with pride.
The cost for the entire course of CA after class 12th is around INR 50,000 to 80,000. It includes all the charges such as registration fees, journal fees, orientation course fees, entrance exam fees, and others.
6. Duration of the CA Course
When asked about CA course details after 12th, one of the most frequently asked questions is on how many years will it take to complete the CA course and training? Well, it will take a minimum of 12th is around 4.5 to 5 years after the class 12th to complete your CA course. The candidate must begin from the CPT/CA foundation course. The candidate is eligible for IPCC after 9 months. The eligibility for an internship is after group I of IPCC. Also, students can either take direct entry into the CA course after class 12th or they can take admission in the intermediate course after graduation. It entirely depends on the choice of the student.
7. CA Syllabus
Firstly, the class 12th candidates need to prepare for their senior secondary examination. The commerce students have the subjects of Accounts, Law, Finance, Economics. They must prepare for these in advance so that the CA exams are easily cracked. The 3 levels of CA exams require different preparations and hence the syllabus also varies. The CA course details after class 12th on syllabus and subjects are mentioned below:
- The CPT exam or the CA Foundation exam includes the topics of fundamentals of Accounting, General Economics, Quantitative Aptitude, Laws, and other important topics that are part of the CA foundation syllabus.
- The IPCC exam has a very vast syllabus which includes topics of Communication, Business Ethics, Taxation, Advance Accounting, Auditing, Insurance, Information Technology, Strategic Management, and similar other topics or subjects.
- The CA final exam is the last and final stage to become a CA. It has the toughest syllabus of all and includes topics such as Professional Ethics, Advance Management, Accountancy, Financial Reporting, Strategic Finance, and similarly other subjects. Passing this exam guarantees a career as a CA.
Career after CA Course
After knowing everything about CA course details after 12th, let’s now dig into some of the best career options and prospects to pursue after CA. A CA exam qualified candidate is eligible for the following job profiles
- Chartered Accountant
- Finance Manager
- Financial Advisor
- Financial Analyst
- Internal Auditor
- Public Accountant
- Cost Accountant
- Government Accountant
- Taxation Expert
- Accounting Firm Manager
The starting salary of a CA in India usually ranges between 5 lakhs to 8 lakhs INR per. With an increase in knowledge, skills, and experience, it can go up to 28 lakhs INR per annum.
After passing the 12th board examinations, students who intend to pursue a career in accounting in the science stream can apply for the program’s entry-level exam, the CA Foundation exam. They will be qualified to apply for the CA Foundation examination once they have passed the 12th examination.
Any 10+2 graduate (Science, Commerce, or Arts) is qualified to enrol in the CA programme. Candidates for this course must be graduates or postgraduates who have successfully completed a three- or four-year bachelor’s degree programme from a reputable institution.
Accounting, law, auditing, financial management, direct tax, indirect tax, information system, control data, and advanced management accounting are among them. There are 19 subjects in all.
Many students think that one of the requirements for the CA programme is a B.Com degree. No, is the response. A B.Com degree is not required to apply via the Foundation Route and become a CA. However, you need a bachelor’s degree to apply for the programme via the direct entry option.
So this was all about the CA course details after 12th that you must be knowing before kick-starting your journey of becoming a CA. To read similar blogs and content on different career options, courses, and opportunities available after class 12th, then stay tuned to Leverage Edu.