Popular Branches
MBA
B.Tech
BBA
BSc
Home > Articles > Chartered Accountancy (CA): Full Form, List of Accountants in Delhi, Courses, Exams, Salary, Recruiters
Updated on 18th August, 2023 , 13 min read
Chartered Accountancy is a professional accounting, auditing, taxes, and financial assessment activity for an individual or a business. A Chartered Accountant is a designation given to an accounting professional who has gained certification from a statutory organization that he or she is prepared to handle accounting and taxes concerns for a firm. Filing tax returns, inspecting financial statements and business procedures, registering the firm with the government, keeping investment records, producing and evaluating financial reports and papers, and so on are all part of Chartered Accountancy.
- Women were allowed to be Chartered Accountant after sex disqualification(removal) act 1919.
- Mary Harris Smith was the first woman-chartered account in the word who was recognised by the Institute of Chartered Accountants in England and Wales.
- The pass percentage in 2021, in CA-final of students the new course was 1.41% and 6% for the old. The multiple unsuccessful attempts demotivate the aspirant resulting in dropouts.
The following table shows the additional information about CA:
Events | Detailed Information |
CA Full form | Chartered Accountancy Course (CA course) |
Conducted By | The Indian Institute of Chartered Accountants (ICAI) |
CA Duration | 3.5 – 5 years |
CA course levels | 3 |
Eligibility | 10+2 |
To become a chartered accountant, a candidate must complete a training program and pass tests at various course levels administered by the Institute of Chartered Accountants of India (ICAI). The CA course has three primary course levels- Foundation, Intermediate, and Final.
To be eligible to sit for the Foundation test, the applicant must have passed Class 12 and completed four months of study following CA registration. Also, the aspirant must first register with the Board of Studies and complete four months of study.
For direct enrollment into the CA Intermediate course, the candidate must meet the following qualifying requirements-
There are following several reasons for pursuing the CA course and becoming a chartered accountant.
A candidate gets certified as a Chartered Accountant (CA) after completing a series of processes. Candidates in this discipline look at how a company's financial obligations may be managed. To become a CA, candidates must go through a number of steps, including completing eligibility requirements, applying for and receiving the requisite degree, and so on. The following are the steps:
In India, the ICAI administers CA examinations and certifies candidates as certified Chartered Accountants once they complete the three-level course. The following exams are given during the Chartered Accountancy course-
The Common Proficiency Test or Foundation exam is the first step in the CA program, followed by the Intermediate and Final exams. The CA Foundation, Intermediate (IPCE), and Final exams are given twice a year, in May and November.
The procedure for obtaining a Chartered Accountancy degree through the CA Foundation path is outlined below-
The two processes of the Direct Entry route at the Intermediate level to pursue a Chartered Accountancy degree from ICAI are as follows-
Events | Description |
ICAI CA Foundation, 2023 | |
CA Registration Date | Upto 1st January 2023 |
ICAI Exam Date | June 24, 26, 28 & 30, 2023 |
ICAI Result Date | To be Announced |
ICAI CA Intermediate, 2023 | |
CA Registration Date | Upto 23rd February 2023 |
ICAI Exam Date | Group 1: May 3,6, 8 & 10, 2023 Group 2: 12, 14, 16 & 18, 2023 |
ICAI Result Date | To be Announced |
ICAI CA Final, 2022 | |
CA Registration Date | February 3rd, 2023 |
Result Date | July 2023 |
ICAI Exam Date | Group 1: May 2, 4, 7 & 9, 2023 Group 2: May 11, 13, 15 & 17, 2023 |
A chartered accountant has several tasks and responsibilities which are as follows:
The papers covered at each level, as well as the marking methods (formally known as skill evaluation) of education and training at all levels of CA courses, are listed below-
The CA Foundation course consists of four papers. To qualify for this level of Chartered Accountancy, one must pass all four papers. The table below shows the concepts and topics covered in the four papers of the CA Foundation course-
CA Foundation Paper | CA Foundation Course Syllabus | |
Paper 1 | Principles and Practice of Accounting | |
Paper 2 | Section A: Business Laws Section B: Business Correspondence and Reporting | Business Laws & Business Correspondence and Reporting. |
Paper 3 | Part 1: Business Mathematics and Logical Reasoning Part 2: Statistics | Business Mathematics and Logical Reasoning & Statistics. |
Paper 4 | Part 1: Business Economics Part 2: Business and Commercial Knowledge | Business Economics & Business and Commercial Knowledge. |
To practice professionally as a CA in India, you must have a Chartered Accountancy certification. To become a qualified Chartered Accountant, you must complete three levels of training developed by the Institute of Chartered Accountants of India (ICAI). The ICAI is a statutory organization in India that governs and upholds the profession of a chartered accountant. A candidate can pursue a Chartered Accountancy course either the Foundation Course Route or the Direct Entry Route under the Scheme of Education and Training. The Foundation course is for those who have finished Class 12, and the Direct Entry path is for those who have achieved Graduation.
The following is the list of the top 5 chartered accountants in Delhi-
Accountant Name | Areas of Expertise | Years of Experience | Address |
Aakansha Nigam | Value Added Tax (VAT), Audit | 10 | YWCA of Delhi, Jai Singh Road, Delhi- 110001. |
Abhinandan Sethia | Value Added Tax (VAT), Audit | 8 | M 544 Guru Harikishan Nagar, Paschim Vihar, Delhi- 110087. |
Abhishek Adlakha | Value Added Tax (VAT), Tax Deduction at Source (TDS) | 10 | 1591, III Floor, Outram Lines, Opp. Sewa Kuteer, Delhi- 110009. |
Abhishek Gupta | Value Added Tax (VAT), Tax Audit | 11 | B4/8B, Keshav Puram, Delhi- 110035. |
Abhishek Jain | Value Added Tax (VAT), Bookkeeping | 8 | 606, GD ITL Northex Tower, A-09, Netaji, Subhash Place, Delhi- 110034. |
Aditya Chhajer | Audit, Bookkeeping | 5 | Wb 190c, Gali no 4, Delhi- 110092. |
Agam Gupta | Income Tax, Trademark Registration | 8 | H-30 IInd Floor, Near Sai Mandir Laxmi Nagar, Delhi- 110092. |
Ajay Gupta | Value Added Tax (VAT), Audit | 9 | E-24, Ground Floor, Arya Samaj Road, Uttam Nagar, Delhi- 110059. |
Ajay Kumar Goyal | Value Added Tax (VAT), Audit | 18 | 10B, Big Jos Tower, Delhi- 110034. |
Akarsh Gupta | Audit, Income Tax | 7 | Office No. 206, Plot No. 53, Hasanpur, IP Extension, Delhi- 110092. |
The following table compares the CPT Route with the Direct Entry Scheme in the CA Course:
Specifics | CPT | Direct Route |
CA Eligibility | After 12th | After graduation, or after passing the CS Executive or CMA Intermediate Exam, |
Exceptions | No exemptions | CPT exemptions |
Minimum Time | 4.5 years | 3 years |
Eligibility to begin articleship | After you've cleared Group I of the IPCC | Without clearing the IPCC Group I, you can join right away. |
Eligibility to appear before the IPCC | After 9 months of study after CPT | After 9 months of articleship |
After class 12th, the entire cost of the CA course is around INR 50,000 to 80,000. It includes all fees, such as registration fees, journal payments, orientation course prices, and entrance exam expenses.
The following are the top recruiters for CA-
Hindustan Unilever Ltd. | Tata Company |
Deloitte | SBI Bank |
ITC | Kotak Mahindra |
Reliance Industries | Ernst and Young |
KPMG | Grant Thornton |
Aditya Birla Sun Life | ICICI Bank |
In India, the average income for a chartered accountant is Rs. 7,86,098. A CA's compensation, like that of any other profession, fluctuates according to years of experience.
Experience | Average Annual Salary |
1-4 years | 3 lakh to 11 lakh |
5 to 9 years | 4.5 lakh to 20 lakh |
10 to 19 years | 6 lakh to 25 lakh |
A Chartered Accountant's work is one of the most difficult in the world of business and finance. The skill of a firm's CA is crucial to its financial health since he or she not only advises the company on financial concerns but also discovers and prevents fraud and financial irregularities. To handle this extremely delicate element of business, the CA must have the following skills-
Skills | Detailed Information |
Communication | Explain complicated financial facts to non-CA coworkers. |
Commercial Awareness | An understanding of the day-to-day developments in the commercial environment that affect enterprises. |
Ethics | CAs deal with money and must be ethical in order to be professional and trusted by businesses. |
Analytics | It is a numbers-based career that necessitates exceptional analytical abilities in order to make sound business judgments. |
Self-Motivation | This needs self-motivation to continue learning and adjusting. |
There are no ambiguities on the way to becoming a chartered accountant (CA). This profession offers steady work, continuous advancement, and a fair wage. On the other hand, you must stay current on financial matters, which demands continual study and research. Furthermore, there are specific deadlines that must be met at the end of each fiscal year, and the task may become quite stressful. Like anything else, chartered accounting has advantages and disadvantages. As a result, it is critical to conduct extensive research to determine whether or not this occupation is a good fit for your personality.
Benefits | Drawbacks |
Six-figure pay. | Ongoing education |
Jobs in high demand | Long, boring workdays |
Opportunities in the growing CA industry | End-of-year deadlines that are difficult to meet |
Consistent earnings | Lots of anxiety |
Chartered accountants (CA) used to rely on manual logs and registers to keep track of crucial data and corporate accounting. This has altered since the advent of automation and SaaS-based applications. There are several software programs available that enable chartered accountants to monitor accounts and execute a variety of activities online. Here is a thorough overview of some of the most widely used accounting tools throughout the world:
The first step in the right direction is to become a chartered accountant (CA), but the next step is just as important. Consider your entire personality when hunting for work. Every business looks for certain qualities in its personnel. As a result, it's crucial to work on both your overall personality and your CA skills.
Here are some common traits or actions that may help you stand out in an interview and land your dream job.
Here is a list of books for chartered accountants:
The following are some YouTube channels:
Pilot Salary in India 2024: Starting Salary, Requirements, Qualifications, Per Month Salary
By - Nikita Parmar 2024-09-06 10:59:22 , 6 min readAns. Sure. Any student who has finished his or her 10+2 is eligible to enroll in CA, but must first pass the CPT (Common Proficiency Test) as a first step toward attaining his or her CA ambition.
Ans. A career in accounting, auditing, corporate finance, corporate law, and taxation is available to students who complete the Chartered Accountancy Course.
Ans. The regulating authority for the CA examinations is the Institute of Chartered Accountants of India (ICAI). To become a chartered accountant (CA), a candidate must pass all three levels of the course: foundation, intermediate, and final. CA examinations (for all three levels) are held twice a year, in May and November (i.e., twice a year).
Ans. Candidates must fill out the Online CA Intermediate Registration Form accessible on the ICAI website to register for the CA Intermediate Course (www.icai.org). Click on the website for a step-by-step guide to the registration process.
Ans. In the CA Final and Intermediate tests, there is no negative grading. The following papers, however, receive a bad grade in CA Foundation- 1. Statistics 2. Business Mathematics 3. Logical Reasoning (Paper 3). 4. Business Economics and Business 5. Commerce Knowledge (Paper 4). For each erroneous response, 0.25 points will be deducted.
Ans. The full form of CA is chartered accountant.