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Chartered Accountant 2019 Updated : Admission Procedure, Articleship, Why CA?

Mohit Verma
Chartered Accountant 2018 Updated

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Chartered Accountant 2019 Updated: CA is a person who possess the necessary qualifications to offer professional services as auditing, consultancy, and few more. CA renders its services to business firms, companies & individuals such as sole proprietor. They play a vital role in and after the formation of a company.

Chartered Accountant 2019 Updated :-

Step-By-Step Procedure :-

Step 1: CPT Examination (Common Proficiency Test) or Foundation Level

Step 2: IPCC (Integrated Professional Competence Course) or Intermediate Level

Step 3: Three Years Articleship/Internship

Step 4: CA Final Examination

NOTE: Any student who has passed X class or any course equivalent to that can apply for the Common Proficiency Course (CPC) first.

Chartered Accountant 2019 Updated Subjects :-

GROUP 1 – Accounting, Corporate and Other Laws, Cost Accounting, Direct Tax Laws & Indirect Tax Laws

GROUP 2 – Advanced Accounting, Auditing & Assurance, FM & Business Economic Environment, Information Technology & Strategic Management

ALSO CHECK: All About MBA – Eligibility, Best Institutes & Specialisation Courses

Chartered Accountant 2019 Updated Course Duration :-

The council has taken the decision of reducing the Chartered Accountant course duration from 5 years 3 months to 3.5 years.

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Why CA ?

  • Reputed field with 100% employment.
  • Offers handsome income with an initial package, may be, Rs.700-800 K annually.
  • Supply of CAs is very less, but demand is high. Therefore, one should choose this field of study only if, he/she has the capability to pursue so, in limited time.
  • In India, scope for CAs have risen multiple times after PM’s (India) initiatives/policies such as Make in India, GST, etc.

Chartered Accountant 2019 Updated: Facts to Know Before Choosing an Articleship Firm – READ MORE

Chartered Accountant 2018 Updated Facts to Know Before Choosing an Articleship Firm :-

    • It should have some listed clients.
    • Articleship firm should also have its official website with 100000 minimum no. of visitors.
    • Should have 6 – 7 minimum branches all over the country, including minimum 7 partners in each firm.
    • During an interview session, appropriate questions related to the field must be asked. Better, if they conduct written test with the interview.
    • Stipend does not matter in initial months.
    • Number of articles should be 20 – 30 minimum.
    • You must ask them what role you are going to play as an article in the firm.
    • Location and infrastructure of the office must be good.
  • Firm should not place much restrictions on transfers.
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    • You must have a discussion regarding leaves allowed, timings, classes, and transfer. At the same time, it should not also be allowing for too many leaves.
    • Its good if the firm have international clients also.
    • Learning & growth opportunities should be given.
    • Don’t go behind a big firm even if, they are providing you the field in which you are not at all interested.
    • If you can work continuously at one place without having interest issues, choose Taxation.
  • And If you can travel and have interest, choose Audit.

ALSO CHECK: 10 Small Business Ideas For CA Students – Highly Profitable!

    • If you don’t want knowledge of other fields, other than one specialised field then choose a big firm.
  • If you want to have knowledge of every field, go for a mediocre firm.
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