Want to embark on an exciting career after high school, with lucrative remuneration and abundant prestige? If you have a knack for finance, you must surely check out CA course details after the 12th, as this is one of the most rewarding career options. No wonder the Institute of Chartered Accountants of India, the statutory body regulating the profession in India, boasts 3.86 lakh active members. Here’s knowing more about the field and its prospects.
Table of Contents
CA Course: Key Highlights
Here are some key CA course details for your perusal.
Full Form of CA | Chartered Accountant |
CA Exam/Study Levels | CA Foundation, CA Inter, CA Final |
CA course eligibility after 12th |
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CA Course Details after 12th Fees |
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CA Course Time Duration after 12th | 4.5-5 years (approx) |
CA Admission Process | Entrance Examination |
CA Course Importance
A CA course's importance is unparalleled in becoming a globally qualified chartered accountant. The course is the gateway toward becoming a respected accounting, auditing, taxation, and finance professional. CAs are highly respected professionals required in every company or professional sphere. The course may also be a foundation for prestigious positions like the Chairman of a public sector bank, Governor of State, CAG (Comptroller and Auditor General), and so on.
CA Course: Eligibility After 12th
Here are the details of CA course eligibility after 12th:
CA Foundation
- Completion of 10+2 from a recognized board.
- Minimum overall aggregate marks of 50% with 40% marks in each paper.
CA Intermediate
- This is the second CA level that can be pursued after qualifying for the Foundation course.
- Another way to join this level is Direct Entry for postgraduate/graduate candidates with prescribed marks percentage. This is a 55% minimum for commerce postgraduates/graduates and a 60% minimum for those from other streams.
CA Final
- You must have qualified both the Intermediate Examination groups.
- You must have completed practical training or articleship.
- You must have completed the four self-paced online modules.
- You must have completed both the information technology and soft skill training level.
CA Course Details After 12th: What Does it Include
Here is a step-by-step guide to know what different stages of the CA course include, i.e., the syllabus and subjects you will be studying at each level.
CA Foundation
It has four papers: Accounting, Business Laws, Quantitative Aptitude, and Business Economics. All of these carry 100 marks each.
CA Intermediate
The papers include Advanced Accounting, Corporate Laws, Taxation, Cost and Management Accounting, Auditing and Ethics, and Financial Management and Strategic Management (100 marks each).
Self-Paced Online Modules
Students have to qualify for four self-paced online modules. Two are compulsory, i.e., Set A (Corporate and Economic Laws) and Set B (Strategic Cost and Performance Management). The other two modules, i.e., Set C and Set D, are electives where students can choose from multiple options.
Information Technology Training and Soft Skills Course
Courses under this category include:
- Integrated Course on Information Technology and Soft Skills (ICITSS)
- Advanced Integrated Course on Information Technology and Soft Skills (AICITSS)
Practical Training/Articled Training
This covers two years of hands-on training and starts when the Foundation route aspirants finish their ICITSS and two Intermediate Examination groups. Direct entry aspirants can start after fulfilling the same conditions. Those passing the Intermediate Examination can begin only after completing ICITSS.
CA Final
The papers include Financial Reporting, Advanced Financial Management, Advanced Auditing, Assurance and Professional Ethics, Direct Tax Laws and International Taxation, Indirect Tax Laws, and Integrated Business Solutions (100 marks each).
Top Countries to Pursue CA Abroad
Some of the leading countries to pursue CA abroad include the USA, UK, UAE, Australia, New Zealand, Singapore, Ireland, and many others.
Read More: Top Diploma Courses After 12th Commerce
Career After CA Course
CA graduates can pursue these job roles in the corporate sector or open their own chartered accountancy firms. According to Glassdoor, the average salaries of CAs in India are approximately INR 10,82,083 annually and $117,046 (INR 97,11,757) per year in the US. The remuneration increases per one's experience in the field.
Here is a guide to various career options one can pursue after completing a CA course.
Job Role | Average Salary in India | Average Salary in US |
Audit Accountant | INR 480,000 per year | $87,750 per year (INR 72.94 lakh) |
Taxation Associate | INR 5,80,766 per year | $70, 938 per year (INR 58.97 lakh) |
Consultant | INR 12,00,000 per year | $1,02,961 per year (INR 85.58 lakh) |
Cost Accountant | INR 6,00,000 per year | $76,208 per year (INR 63.34 lakh) |
Board of Director Position | INR 53,11,398 per year | $89,055 per year (INR 74.02 lakh) |
Estate Officer | INR 6,37,000 per year | $143,103 per year (INR 1.19 crore) |
Arbitrator | INR 8,31,000 per year | $93,004 per year (INR 77.31 lakh) |
Source: Glassdoor, January 2024
Pursuing a chartered accountancy course after 12th provides many benefits if you have a knack for finance, accountancy, taxation, and related subjects. Chartered accountancy promises to be a rewarding and lucrative career with abundant growth prospects if you are ready to put in the hard work.
FAQs
Is CA a three-year course?
The duration of the CA course is usually 4.5-5 years. This is because the articleship or training program itself spans two years.
What is the first course of CA?
The first CA course is the CA Foundation level. This examination covers several fundamental mathematics concepts, along with law, accounting, and economics.
Can a CA get a government job?
Yes, chartered accountants may appear for various competitive examinations to get government jobs in finance and accounting. They are often in demand across public sector entities, especially in roles pertaining to taxation, audits, and more.
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