A Chartered Accountant is like a moral police who ensures that all financial transactions of an organization are according to the law, keeping track of cost management and managing all the tax matters. A CA specializes in accounting, auditing, corporate finance, project evaluation, company and other business laws, taxation and corporate governance, consultancy and investigation. Businesses of all sizes employ CAs to implement and oversee all the government regulations and to get their accounts audited if registered under the Companies Act.
The Institute of Chartered Accountants of India (ICAI) is the Statutory Body established for the regulation of Chartered Accountancy (CA) Course in India. The Institute has arranged the academic preparation and examinations into 4 stages, viz.
Candidates who have appeared in the Higher Secondary or Senior Secondary examinations can provisionally register with the Institute and appear for the CA CPT exams.
CPT is a multiple-choice objective-type examination, in the subjects relating to - (a) Fundamental of Accounting, (b) Mercantile Law, (c) General Economics, and (d) Quantitative Aptitude.
Orientation and Infotech Training & Integrated Professional Competence Course - IPCC
A student who has passed - (a) CPT, and (b) Senior Secondary Examination (10+2 Examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto, may join the IPCC.
Students are required to attend the Orientation Programme conducted by the ICAI to become eligible for appearing in the IPCC exams.
Students should complete 100 hours of ITT classes conducted by the ICAI to be eligible to appear in the IPCC examinations.
Admission as Member: On qualifying the Final Examinations and attending the General Management and Communication Skills course, the candidate can apply for membership.
CA immediately after Schooling along with Graduation in Correspondence.
CA immediately after Schooling along with Graduation in Regular College.
The maximum cost involved in pursuing the CA course for the entire 4 years will amount to Rs.1,50,000 (appx). The cost includes –
During the 3 years of Articleship, the students are paid a minimum stipend of Rs.3,000 to Rs.5,000 per month. The amount spent on the course is recovered through the stipend received during the Articleship period.
Institute of Chartered Accountants of India
Some of the opportunities available for Chartered Accountants are in
business houses and industry.
They can also have their own consultancy or private practice, which could be more lucrative and satisfying. With the country liberalizing its policies and approach, opportunities are expected to grow further. They are also well placed in government sector as director finance, chief executive or the Head of the Department of the accounts, information technology etc. They help the government for proper implementation of accounting system.
Some of the average monthly earnings of a Charted Accountant
Pre Qualification is between Rs. 2,500 - Rs.3, 000
Fresh CAs Rs. 5,000 - Rs. 6,500,
Accounts Managers Rs. 6,500 - Rs.8,500
Financial Controllers Rs. 8,500 - Rs. 15,000,
Directors Rs. 10,000 - Rs. 25,000 and
An experienced CA may get monthly earnings more than Rs. 50,000 in India and 5,00,000 in abroad
According to the company they work for or depending upon the cities they are working in.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India.
Web site link: http://www.icai.org/