The CA (Chartered Accountant) is one of the respectful and challenging career fields. CA is a good option for higher education in India.
Chartered accountancy was established in 1854 in Britain. It is the core activity of the business. In India, the CA course is conducted by the ICAI (Indian Chartered Accountants Institute).
A chartered accountant is the member of ICAI. The membership can be continued through the prescribed fees or yearly payment.
A chartered accountant works as a private advisor or in the accounts department in an organization. Chartered Accountant plays an important role in case of disputes, bankruptcy, etc.
After the completion of this course you can go for the works as auditing, cost accounting, tax management, management accounting, consultancy and financial works in an industry.
It takes the 5 years to complete the CA course. By the year 2006, the ICAI has launched the three level of this course.
The CPT is the entry-level foundation course involves the quantitative aptitude test, general economics, mercantile laws and accounting.
The IPCC has two groups. It covers the working knowledge of the core subjects. It is specially designed to improve the knowledge of accounting standards.
The CA final course covers the advanced knowledge of financial reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing.
The students who had cleared their plus two examination can go for the foundation level test conducted by the ICAI. After passing the group 1st, the students have to undergo the on-job training period of 3 years called “articleship” with an audit or accounts firm.
After completion of the articleship , the student can appear the final course. The GMCS (General Management and Communication Skill Course) is the 15 days mandatory training course introduced in 2003.
For more information : www.icai.org