Events    

CA Course Details after 12th

CA Course Details After 12 CA Course Details After 12

Are you a commerce student in class 12th who wants to become a Chartered Accountant and is seeking for CA course details after 12th? Then you've definitely come to the correct place. If you want to know how to pursue a CA course after the 12th and are seeking for the eligibility and requirements to become one, here is a blog that will teach you all about it. You'll also learn about the fantastic job profiles and incomes available to CA applicants at the conclusion of this blog.

CA Course Details

Degree

Bachelors

Full-Form

Chartered Accountancy

Duration

Course Duration of CA (Chartered Accountancy) is 5 Years.

Age

17-25

Minimum Percentage

50%

Average Fees Incurred

INR 2 LPA

Average Salary Offered

INR 7 LPA [Source: Payscale]

Employment Roles

Accountant, Financial Manager, Banker, Taxation Consultant, Consultant and more

What is a Chartered Accountant?

Before delving into the CA Course Details after 12th, let us first brush up on our knowledge by simply defining who a CA is. A Chartered Accountant, sometimes known as a CA, is a professional who works as a financial controller in businesses and other industries. 

The following are the top positions held by a CA:

  • Tax Accountant
  • Management Accountant
  • Financial Accountant
  • Financial Analyst
  • Budget Analyst
  • Auditor, and more

CA is separated into three levels, with three years of practical training required after graduating from high school, for a total of around 4.5 years. After graduating from high school or college, one might pursue a career as a CA. Candidates must pass three levels of ICAI tests, which we shall explain in the next portion of the blog.

Read More: What is a Chartered Accountant (CA)?

How to Pursue CA Course after 12th?

After going over the qualifying criteria briefly, let's look at how you can pursue CA after the 12th. If you are in your last year of high school or have finished your examinations, you should begin studying as soon as possible. Following the 12th, the criteria and all needed CA course specifics are shown below. Examine each of these to see how you might obtain your ideal profession.

Following are a few ways to pursue a CA course after graduating from high school:

STEP 1: After passing Class 10, begin the CA course via the CPT route.

STEP 2: Sign up for the Integrated Professional CMompetence Course (IPCC)

STEP 3: An articleship is a three-year internship that you must finish in addition to the Final CA test.

STEP 4: Register for the CA Final Course

CA Course Duration after 12th

One of the most often asked concerns regarding CA Course Details after 12th is how long it will take to finish the CA course and training. To complete your CA course, you will need to have a minimum of a 12th grade and a minimum of 4.5 to 5 years of experience. The candidate should start with the CPT/CA foundation course. After 9 months, the applicant is eligible for IPCC. After group I of the IPCC, you are eligible for an internship. In addition, students can enrol in the CA programme directly after graduating from high school or in the intermediate programme following graduation. It is totally dependent on the student's choice.

The step by step process and CA course duration after 12th class will be:

STEP 1: Timeline for passing 12th grade to passing foundation level = 4 months * (Mandatory study period between registration and examination date is 4 months)

STEP 2: Timeline for clearing the Foundation level to the Intermediate level: 8 months * (Study period between registration and examination date is 8 month)

STEP 3: Timeline from passing Intermediate to passing Finals = 3.5 years * (Articleship period is for 3 years and preparation leave took to prepare for finals examination is assumed to be 5 months)

CA Course Fees

The total cost of the CA Course after class 12th is roughly INR 50,000 to 80,000. It covers all fees, including registration fees, journal fees, orientation course prices, admission exam fees, and so on.

CA Course Subjects and Syllabus

We now know that the CA exam has three levels, each with a set of papers. Let us now dig deeper into the CA exam courses for each level and the allocated marks for each paper in each level.

Papers in the CA Foundation, Intermediate and Final Exam

The first level, CA Foundation, has 4 papers, each set for 100 marks. For each paper, 3 hours are allotted to answer the questions. To clear the first level, students must score 40% in each paper and an average score of 50%.

CA Foundation Papers (Level - 1)

  • Principles and Practices of Accounting (100 Marks)
  • Business Laws and Business Correspondence and Reporting (100 Marks)
  • Business Mathematics, Logical Reasoning and Statistics (100 Marks)
  • Business Economics and Business and Commercial Knowledge (100 Marks)

CA Intermediate Papers (Level - 2)

The second level has two groups in which each group has 4 papers. To answer 4 papers in each group, students have 2 hours 12 minutes for each group, totally 4 hours, 24 minutes. Each paper carries 100 marks and the level 2 is conducted for a total of 800 marks. To clear this level, students have to score 40% in each paper in group 1, with an overall average score of 50% in all the 4 papers and the same 40% in each paper in group 2, with an overall average score of 50% in the next set of 4 papers.

Group - 1

  • Accounting (100 Marks)
  • Corporate and other Laws (100 Marks)
    • Corporate Laws (60 Marks)
    • Other Laws (40 Marks)
  • Cost and Management Accounting (100 Marks)
  • Taxation (100 Marks)
    • Income Tax Law (60 Marks)
    • Indirect Taxes (40 Marks)

Group - 2

  • Advanced Accounting (100 Marks)
  • Auditing and Assurance (100 Marks)
  • Enterprise Information System and Strategic Management (100 Marks)
    • Enterprise Information System (50 Marks)
    • Strategic Management (50 Marks)
  • Financial Management and Economics of Finance (100 Marks)
    • Financial Management (60 Marks)
    • Economics of Finance (40 Marks)

CA Final Papers (Level - 3)

The final level is the CA Final exam, which too has two groups of questions. Each group has 4 papers, with 8 papers in the CA Final exam. For each paper, students are given 3 hours to complete it. Each paper has a weightage of 100 marks and totally 800 marks are allotted for the CA Final exam. To clear the CA Final exam, students must score 40% in each paper of both the groups and an average of 50% in group 1 and another 50% in group 2.

Group - 1

  • Financial Reporting (100 Marks)
  • Strategic Financial Management (100 Marks)
  • Advanced Auditing and Professional Ethics (100 Marks)
  • Corporate and Economic Laws (100 Marks)

Group - 2

  • Strategic Cost Management and Performance Evaluation (100 Marks)
  • Advanced Management Accounting (100 Marks)
    • Risk Management
    • Financial Services and Capital Markets
    • International Taxation
    • Economic Laws
    • Global Financial Reporting Standards
    • Multidisciplinary Case Study
  • Direct Tax Laws and International Taxation (100 Marks)
    • Direct Tax Laws (70 Marks)
    • International Taxation (30 Marks)
  • Indirect Tax Laws (100 Marks)
    • Goods and Services Tax (75 Marks)
    • Customs and FTP (25 Marks)

CA Foundation Subjects

Level - 1 - CA Foundation

No of Papers

Name of the Subject

Total Marks

Paper - 1

Principles and Practices of Accounting

100

Paper - 2

Business Laws and Business Correspondence and Reporting

100

Paper - 3

Business Mathematics, Logical Reasoning and Statistics

100

Paper - 4

Business Economics and Business and Commercial Knowledge

100

Level - 2 - CA Intermediate Subjects

Group - 1

No of Papers

Name of the Subject

Total Marks

Paper - 1

Accounting

100

Paper - 2

Corporate and Other Laws

100

Paper - 3

Cost and Management Accounting

100

Paper - 4

Taxation

100

Group - 2

No of Papers

Name of the Subject

Total Marks

Paper - 5

Advanced Accounting

100

Paper - 6

Auditing and Assurance

100

Paper - 7

Enterprise Information System and Strategic Management

100

Paper - 8

Financial Management and Economics of Finance

100

CA Final Subjects

Group - 1

No of Papers

Name of the Subject

Total Marks

Paper - 1

Financial Reporting

100

Paper - 2

Strategic Financial Management

100

Paper - 3

Advanced Auditing and Professional Ethics

100

Paper - 4

Corporate and Economic Laws

100

Group - 2

No of Papers

Name of the Subject

Total Marks

Paper - 5

Strategic Cost Management and Performance Evaluation

100

Paper - 6

Advanced Management Accounting

100

Paper - 7

Direct Tax Laws and International Taxation

100

Paper - 8

Indirect Tax Laws

100

CA Course Eligibility

There are two ways which a student can appear for the CA exam.

CA Foundation Path - To attend the exam through this path, students must clear their high school exam with a 50% aggregate. CA Foundation Path has 3 levels.

CA Foundation ( Level 1) - Students who have cleared their high school exam can sit for the first level exam, the CA Foundation.

CA Intermediate (Level 2) - To appear for the level 2 exam, students must have cleared all the papers in the level 1 exam with a 50% overall aggregate score.

Articleship - To participate in Articleship, students must have cleared all the papers in the level 2 exam with a 50% overall aggregate score.

CA Final (Level 3) - Students who successfully studied the Articleship for 3 years can appear for the level 3 exam. To pass the CA exam, students must clear the level 3 with a 50% average score.

CA Intermediate or Direct Path - Students who graduated in Commerce and other streams can utilise this path to appear for the CA exam. Commerce graduates must have an average of 55% score and non-commerce graduates must have an average of 65% score. CA Direct Path has 2 levels.

CA Intermediate (Level 2) - Students who satisfy the above criteria can sit for the CA Intermediate, level - 2 and must score a 50% average score in all the eight papers.

Articleship - To participate in Articleship, students must have cleared all the papers in the level 2 exam with a 50% overall aggregate score.

CA Final (Level 3) - Students who successfully studied the Articleship for 3 years can appear for the level 3 exam. To pass the CA exam, students must clear the level 3 with a 50% average score.

Career after CA Course

After you've learned everything about CA Course Details after 12th, let's look at some of the top job alternatives and prospects to follow after CA. 

A candidate who has passed the CA test is competent for the following employment positions.

  • Chartered Accountant
  • Finance Manager
  • Financial Advisor
  • Financial Analyst
  • Auditor
  • Internal Auditor
  • Public Accountant
  • Cost Accountant
  • Government Accountant
  • Taxation Expert
  • Accounting Firm Manager

A CA's initial pay in India typically varies between INR 5 lakhs and 8 lakhs per year. It may rise to INR 28 lakhs per year with more knowledge, abilities, and experience.

Check the table below to know the average salary of the Chartered Accountants:

Job Profile

Average Salary

Finance Manager

₹ 9,93,391 LPA

Senior Finance Manager

₹ 24,67,260

Financial Controller

₹ 18,70,914

Finance Director

₹ 35,95,509

Tax Manager

₹ 12,84,223

Tax Director

₹ 45,00,000

Senior Tax Manager

₹ 24,67,260

Finance Manager

₹ 9,93,391

Certified Public Accountant

₹ 6,93,555

 FAQ

aecc India, the pioneer in guiding students in their study-abroad education, is here to end all your queries and concerns that have been bothering you and refraining you from taking the next step in your study-abroad journey. With exceeding experience in assisting numerous students through our in-house expert counsellors, we assure you that your journey with us to reach your study-abroad goal will be smooth and pleasant. Reach out to us and stay breezy.


Related Posts

study abroad consultants

Let's get social.

Our Partners

4
Enquire NowTalk to UsWhatsApp UsExplore Events