Upload
onestepupconnect
View
57
Download
8
Tags:
Embed Size (px)
Citation preview
Career: CHARTERED ACCOUNTANT
Program: THE ONE STEP UP CAREER PROGRAM
(c) One Step Up Education Services Private Limited 04/18/2023 1
© One Step Up Education Services Pvt Ltd 2
Who or what is a CA?
CA stands for Chartered Accountant
It is a Professional Course usually pursued after 12th Class along with graduation
A CA is an expert in auditing financial statements & businesses, taxation and offer advisory services to clients
Certifying Account Books by a CA and filing tax returns is compulsory by Law, which makes a CA indispensible
CA
© One Step Up Education Services Pvt Ltd 3
Where can you do it from?
In India, the CA course can only be pursued through the Institute of Chartered
Accountants of India (ICAI). They have many branches all over the country.
CA can also be pursued through the Certified Public Accountant (CPA) course
from the US. This can be pursued from India by taking these exams in India. The course material, however, will not be specific to
India. IFRS certification will help you in your work.
Eligibility
•Appearing for Class 12 usually from commerce stream but can be done from any stream•Graduates from other streams can also pursue
Entrance Exam
• 3 Papers: A foundation or entrance Exam needs to be cleared
• Min 40% marks in each paper
• Min 50% overall• Exams are held
twice a year
Test Contents
• Theory questions• Covers subjects
like Accounting, Law, Math, Statistics, Economics
Preparation Required
• 10 months of preparation time
• Preparation to start after Class 11
• Course material given by the institute
• Many also join coaching centers
04/18/2023(c) One Step Up Education
Services Private Limited 4
How do you get in?
√
√
√
Science
Commerce
Arts
© One Step Up Education Services Pvt Ltd 5
S o u r c e : w w w . I C A I . o r g
Duration
•3 years 9 months
•Internship after passing at least Group I of IPCC [4 papers]. Group II [3 papers]
•Final exam after 3 years 3 months [In last 6 months of articleship]
•Both inter & final exams held twice a year
Subjects Covered - CPT
• Common Proficiency Test (CPT):• Paper 1 - Accounting,
Auditing, Law, Economics, Quantitative Aptitude
• Integrated Professional Competence Course (IPCC) – 6 subjects, 7 papers Cost Accounting, Financial Management, Business & Company Law, Taxation, IT
• 100 hrs of IT training
Subjects Covered - Final
• Final - • Group 1 [4papers]- Advanced Accounting, Mgmt Accounting, Advanced Auditing, Law
• Group 2 [4 papers] - Cost Mgmt, MIS and Control Systems, Direct Taxes, Indirect Taxes
04/18/2023(c) One Step Up Education
Services Private Limited 6
About the Course
Preparation
• Course modules are given by the institute for self study
• Students generally join coaching centers
• Approx 1% of the students clear both their inter and finals in their first attempt
Internship
• Internship with a CA firm is mandatory for 3 years
• This can span multiple CA firms in that period
• Given a monthly stipend (not very high!)
• Work on live auditing and taxation assignments
Placements
• At the end of the course, you need to take membership with the ICAI
• Campus interviews are held in some centers for fresh CAs
04/18/2023(c) One Step Up Education
Services Private Limited 7
About the Course
• Get 55% marks in graduation• Enrol directly for IPCC
Commerce Graduate or Post
Graduate
• Get 60% marks in graduation• Enrol directly for IPCC
Other Graduates/Post-
Graduates
• Enrol directly for IPCCICSI & ICWAI intermediate level
passed
04/18/2023(c) One Step Up Education
Services Private Limited 8
Institute of Company Secretaries of India (ICSI) and Institute of Cost Accountants of India (ICWAI)
© One Step Up Education Services Pvt Ltd 9
International Financial
Reporting Standards or IFRS is
a Standard Accounting Practice
Starting April 1, 2011, India has
made it mandatory for every
listed company to adopt Indian
Accounting Standards(IND ASs)
The certification is a good to
have
You need to be a CA to take this
certification
Additional International Certification
Practice accounting
Apply online
Pay 200 pounds
Study three months
Clear exam
More info? Go to….www.accaglobal.com, www.IASB.org
Chartered Financial Analyst (CFA ) - assesses values and
identifies risks
◦ ICFAI (India)
◦ CFA Institute (Abroad)
Institute of Cost & Works Accountant (ICWA)
Company Secretary (CS) - ensures conformity with legislative
and regulatory requirements and communicates with shareholders.
Handles matters related to sales tax, excise, labour and corporate law
04/18/2023(c) One Step Up Education
Services Private Limited 10
Other related courses
04/18/2023(c) One Step Up Education
Services Private Limited 11
Organisations you can work for
Accounting Firms
Finance Department
Own Practice
Any Corporate
One can also start their practice
The Not So Good The Good
Indispensible profession, job security
Profession gaining importance
Well respected
Monetarily Rewarding
Limited exit options out of the sector
3.5 yr course takes average 5 yrs to complete
Very tough course
04/18/2023(c) One Step Up Education
Services Private Limited 12
Rewards & Challenges
Good with money matters
Good with numbers
Reading business section of
newspapers
Enjoy academics
Good communication
skills
Eye for detail
04/18/2023(c) One Step Up Education
Services Private Limited 13
Qualities that help
The Financials
Course Fee Average Salaries
CPT
Intermediate + IT Training
Finals
© One Step Up Education Services Pvt Ltd 14
Total Course Fee Rs.47,000 excluding coaching center fee
Entry Level
Middle Management Level
Senior Level
Overall, it is an rewarding profession in the long run
Average to Good
Good
Good
Rs 6,500
Rs 10,600+Rs 4000
Rs.12,250
Budget about Rs 13,000 more for course, training and articleship registration
CA
Pursue MBA
BPO Operations
Turn Entrepreneur
Teaching Assignments
with Coaching Classes
Stock Markets
Consulting
© One Step Up Education Services Pvt Ltd 15
Exit Options
If I have done CA in India, can I practice abroad?
You can if you take the final exam for CPA in USA and final exam ACCA for the Association of Chartered Certified Accountants in UK
If I have done CPA in the US, can I practice in India?
You can by writing the CA final exams in India
Studying Abroad
04/18/2023(c) One Step Up Education
Services Private Limited 16
04/18/2023(c) One Step Up Education
Services Private Limited 17
Useful Websites www.icai.org www.cainindia.org www.icfai.org www.cfainstitute.org www.onestepup.in