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How To Become A Chartered 

Accountant in India 

Hello Friends, looking for Chartered Accountancy procedure, then you are absolutely at the
correct place. Chartered Accountant, such a huge name not only from the length of its
characters but also from its reputation. This reputed course provides you everything
beginning from name to wealth. Great honour and respect in the society.

Chartered Accountants are only persons who are authorised to audit the Financial
Statements. They are enjoying a monopoly in this field since it’s incorporation. And why not,
they should enjoy. There are so many colleges in all over India which provides you the
Engineering degree, MBBS degree, MBA degree but only ICAI in all over India is authorised
to conduct its examinations and issue you a Chartered Accountant degree.

This is also one of the toughest course. Clearing this exam is not easy. Still there are only
2,50,000(approx) Chartered Accountants in India even after the admission of more than
50K students at a time in CA Foundation.

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But friends nothing is possible. If they can do it, you can also do it. The only thing this
course demands from you is hard work.

There are four major stages in CA course. To become a Chartered Accountant, you have to
follow these stages:-

1. CA Foundation
2. Intermediate
3. Articleship Training
4. CA Final

CA Foundation Course

The Entire CA student journey is divided into 4 stages. The entrance stage is CA
Foundation.

As per the new curriculum introduced by the ICAI, CA Foundation is replacing the current
entry level test i.e. CPC (Common Proficiency Course). The objective of replacing CPC with
CA Foundation is to make entry level better than earlier. Now, the students will get
admission in this course in a more efficient manner.

To become a part of this course, you have to get register in this course. The students who
appeared​ in the 12th examination​ ​can register themself for this course ​and students who
passed​ this examination can appear in CA Foundation Examinations.

To appear in MAY 2018 CA Foundation examination you have to get yourself register on or
before 31st December 2018 and to appear in NOV 2018 examinations you will have to get
yourself register on or before 30th June 2018.

To register in this course you will to fill the online registration form available on the ICAI
official website. After successful registration and payment of the prescribed fees you will
have to submit the following documents within 7 days from the online registration along with
the hard copy of the online form duly signed by the candidate.

1. Attested copy of the Admit Card/ Marksheet of 12th examination issued by the
respective board.
2. One latest colored photograph should be affix on the online registration form.
3. Attested copy of the proof of Nationality, if the student is foreigner.

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4. Attested copy of the proof of special category certificate i.e. ST/SC/OBC ,

Differently abled.
5. Attested copy of 10th Admit card or Marksheet.

After such registration procedure is completed, ICAI will send you the Study Material
through the Centralised Dispatch System.

Fee Structure for CA Foundation is given below-

S.No. Details of Fees Rupees (For Indian Students in For Foreign Students
rupees) (US $)
1. Prospectus 200 20
2. Registration Fees 9000 700
3. Student’s Journal 200 20
(Optional)
4. Member’s Journal 400 40
(Optional)

This course consists of 4 subjects. Papers of two will be subjective and the remaining two
will be objective. Negative Marking will continue to be in the objective papers.

PAPERS OF THE FOUNDATION COURSE:-

Paper 1: Principles and Practice of Accounting

Paper 2: Business Laws & Business Correspondence and Reporting

● Section A: Business Laws

● Section B: Business Correspondence and Reporting

Paper 3: Business Mathematics and Logical Reasoning & Statistics

● Part I: Business Mathematics and Logical Reasoning

● Part II: Statistics

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Paper 4: Business Economics & Business and Commercial Knowledge

● Part I: Business Economics

● Part II: Business and Commercial Knowledge

Candidates will be declared passed this examination only if he/she has obtained 40% marks
in each individual paper and 50% in aggregate of all the papers.

DIRECT ENTRY ROUTE ​–

There is also a Direct Entry Route system in CA Course in which some students get
benefited, they do not have to passed the entrance level exam i.e. CA Foundation. By this
route they can get direct entry in CA Intermediate.

List of the students along with their requirements to get entry directly through this route:-

1. Commerce Graduates/ Post Graduates​ :- Commerce Graduates students can

get direct entry in the CA Intermediate only if they secured minimum
percentage of 55% in graduation.
2. Non-Commerce Graduates/ Post Graduates​ :- They can also get direct entry
into the CA Intermediate only by securing minimum 60% marks in graduation.
3. ICSI students​– These students who cleared their Intermediate level of
Company Secretary become eligible to register in CA course directly with
Intermediate level, without passing CA Foundation.
4. CMA Students– ​ Students who have cleared the Intermediate level of Cost
Accountant will become eligible to register directly through the CA
Intermediate.

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Note –

● A student during his/her final year of Graduation can get register himself/
herself with the ICAI for CA Intermediate on Provisional.
● He/She can commence their practical training only on submission of proof of
passing their graduation exams with the minimum percentage prescribed
above.
● And during this provisional period, a student is also required to complete
ICITSS (Information Technology and Orientation Program).
● If a candidate is failed to produce the proof of passing his/her graduation with
the minimum percentage required above then his registration shall stand
canceled and also neither his fees shall be refunded nor adjusted.

Candidates who wish to appear in Nov / May Exams shall be registered on or before 1st
February/ 1st August respectively.

Steps to appear in the CA Intermediate Examinations​ ​for the graduates / Postgraduates –

1. At first you have to get register yourself with the Board of studies for the
Intermediate course. Provisional registration is also available to the students
pursuing the final year of Graduation.
2. Register for the 4 weeks Training of ICITSS. Complete this before
commencing practical training.
3. Start 3 years of practical training under a practising Chartered Accountant
register as a member in practice by the ICAI.
4. Successfully complete 9 months in practical training.
5. You are eligible to sit in the CA Intermediate Examinations.
6. After clearing the CA Intermediate, same rules will be applicable to these
students as applicable to the students who are pursuing this course through
the normal route.

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Note – Students who are registering through the d ​ irect entry route​ after clearing
Intermediate level examination of Institute of Company Secretaries of India or The Cost
Accountants of India will have to follow the same steps as applicable to a student entering
through normal route

They have to undergo the 8 months study period after registering in this course to appear in
the examinations.

Beside this, they have to register themselves on or before 1st March/ 1st September to
appear in Nov/ May exams respectively.

CA INTERMEDIATE

This is the second step of CA course. The students will become eligible to register for this
course either from clearing CA Foundation or through the direct entry route (detail given
above).

You can register for this course from the ICAI official website under the students tab in
course ​Registration forms​. You need to fill the registration form and make the payment of
the prescribed fees. ​After filing such form and making payment of the prescribed fees,
submit a hard copy of such form along with the following documents to the concerned
regional office within 7 days –

1. Foundation Route students have to submit 12th or its equivalent recognised

marksheet.
2. Direct Entry Route students will have to submit-
1. In case of Graduates / Post Graduates students, attested copy
of Marksheet or Mark statement.
2. Intermediate Level passed students of Institute of Company
Secretaries and Cost Accountants of India, their attested copy
of Marksheet of Intermediate Level.
3. Your latest colored photograph should be affixed on the hard copy of the
online registration form.
4. Attested copy of the proof of Nationality, if the student is Foreigner.

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5. Attested copy of the proof of the Special Category Certificate i.e. SC/ST/OBC
or differently abled.

The above documents shall be submitted along the print of the online registration form duly
signed by the candidate.

Fee structure of the Intermediate course

Particulars Both Groups ® Both Groups Single Group ® Single Group

(In rupees) (NR) ($) (IN Rupees) (NR) ($)
Registration Fees 15000 11000
Student’s Activities Fees2000 2000*

Registration Fees as a 1000

article assistant
Total Fees 18000 1000 13000 600

The candidates who are entering through the direct entry route will have to pay Rs 200/-
(US $20) as a cost of prospectus along with the above fees.

PAPERS OF THE INTERMEDIATE COURSE-

Group I

● Paper 1​​: Accounting

● Paper 2​​: Corporate & Other Laws
○ Part I: Company Law
○ Part II: Other Laws
● Paper 3​​: Cost and Management Accounting
● Paper 4​​: Taxation
○ Section A: Income-tax Law
○ Section B: Indirect Taxes

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Group II

● Paper 5: Advanced Accounting

● Paper 6: Auditing and Assurance
● Paper 7: Enterprise Information Systems & Strategic Management
○ Section A: Enterprise Information Systems
○ Section B: Strategic Management
● Paper 8: Financial Management & Economics for Finance
○ Section A: Financial Management
○ Section B: Economics for Finance

Note – ​To appear in the examination, one has to undergo a study period of not less than the
eight months.

In order to clear this exam or a student is declared to have passed this exam only if he
secured a minimum of 40% in each paper and 50% in aggregate of all the papers.

A student at one time can appear either in both the groups or in a single group. And he will
be declared to clear this exam only after passing both the groups. If a student secures 60%
or more marks in any paper then that paper will be exempt for the next three following
attempts. He will not require to give that paper in the following three attempts.

ICITSS (Information Technology and Orientation Program)

A student before the commencement of the practical training and after clearing either single
or both the groups of Intermediate has to mandatorily complete 4 weeks of ICITSS. It
consists of two trainings one is Information Technology and other one is Orientation
Program each of 15 weeks.

The fee for the Information Technology program is Rs 6500/- including the study material
and tea/refreshments.

The fee for the orientation program is Rs 7000/- including the study material and the
Tea/Refreshments.

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PRACTICAL TRAINING

The practical training is a very important part of the entire CA Course. This training helps
you a lot in applying the theoretical knowledge into the practical work, shaping into a
professional, follow your ethical values, and making you learn how to survive in a business
world.

The duration of Articleship training is three years​​.

Commencement of the practical training:​ -

1. The students from the normal route or we can say who have passed the CA
Foundation can commence their practical training after clearing either single
or both the groups of Intermediate and also completed 4 weeks of ICITSS
(Information Technology and Orientation Program).
2. The students from the direct entry route –
○ Graduates / Post Graduates – They have to register for the
practical training immediately after the registration in
Intermediate course and completion of 4 weeks ICITSS(
Information Technology and Orientation program ). However,
they can appear in the Intermediate examinations only after
completion of 9 months of practical training.
○ Intermediate passed students of ICSI/ CMA- Students through
the direct entry route who have cleared their intermediate levels
of the respective exams can register for the practical training
after passing either single or both the groups of Intermediate
and completion of ICITSS.

The student can register for the practical training by submitting Form 103 and an agreement
for such training is to be entered with Principal on Form 102.

During the last year of practical training, a student has to complete 4 weeks of Advance
ICITSS. It consists of Information Technology and Management and Communication Skills
each for 15 days.

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Industrial Training

Along with the above practical training an article can also serve as an industrial trainee in
his last year of practical training. But ​industrial training​ is at the option of the student,
whether he/she wants to build his career in some industry or not. However, Practical
training is a mandatory requirement of this course. One has to complete 3 years of practical
training to be Chartered Accountant.

Commencement of Industrial Training​ –

1. An article who is CA Final student can serve himself as an industrial trainee in

financial, commercial or industrial undertaking as may be specified or
approved by the council from time to time.
2. An article needs to inform at least 3 months before to his Principal from the
commencement of his training.
3. During the last year of practical training only, a student serve as an Industrial
trainee.
4. The duration of Industrial training lies between minimum nine months and
maximum twelve months.
5. Only a member of the Institute is authorised to train you for the Industrial
training. An associate member (i.e. member less than 5 years ) who is a
member with the Institute not less than 3 years can train in his under one
article at a time. However, a fellow member(i.e. Member for more than 5
years) of the ICAI can train two articles at a time.
6. The agreement for the Industrial training has to be entered on Form No. 104
and after successful completion of such training the Principal has to issue a
Service Certificate on Form no. 105.

AICITSS (Advance Integrated course on Information

Technology and Soft Skills)

​ years of practical training has to complete Advance

A student while serving his last ​ 2
ICITSS. It consists of Information Technology Program and Management and
Communication Skills each for 15 days. This training must be completed before appearing
in CA Final Examinations.

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A student can register himself for the Advance Information Technology Training by making
the payment of Rs 7500/- inclusive of course material and tea/refreshments.

A student can register himself for the Management and Communication Skills Program by
making the payment of Rs 7000/- inclusive of course material and tea/refreshments.

CA FINAL

The last step in the CA Student journey is CA Final. Last and also the toughest level. A
student can get register for the Final course only after passing the second level i.e.
Intermediate level then only he will become eligible to register for the Final Course.

One can get register in the Final Course from the ICAI portal under the student’s tab in the
course registration forms by making the payment prescribed by the ICAI.

After successful submission of the online registration form to the portal, one has to submit
its print out to the concerned regional office within 7 days of the online registration along
with the following documents:-

1. Attested copy of the proof of Nationality if the student is foreigner

2. Attested copy of the proof of special category certificate i.e. ST/SC/OBC ,
Differently abled.
3. After completion of the above registration procedure, ICAI will send the Study
Material through the Centralised Dispatch System to the students.
4. A Resident student can get register in this course with the payment of Rs
22000/- and a Foreigner student can register with the payment of 1100 US($).

The Final Level comprises of eight subjects divided in two groups:-

Group 1

● Paper 1: Financial Reporting

● Paper 2: Strategic Financial Management
● Paper 3: Advanced Auditing and Professional Ethics
● Paper 4: Corporate and Economic Laws
○ Part I: Corporate Laws

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○ Part II: Economic Laws

Group 2

● Paper 5: Strategic Cost Management and Performance Evaluation

● Paper 6: Elective Paper (One to be chosen from the list of Elective Papers)
List of Elective Papers
○ 6A Risk Management
○ 6B Financial Services & Capital Markets
○ 6C International Taxation
○ 6D Economic Laws
○ 6E Global Financial Reporting Standards
○ 6F Multi-disciplinary Case Study
● Paper 7: Direct Tax Laws & International Taxation
○ Part I: Direct Tax Laws
○ Part II: International Taxation
● Paper 8: Indirect Tax Laws
○ Part I: Goods and Services Tax
○ Part II: Customs & FTP

A student can appear for the Final Examination only when

1. he get register with the ICAI for CA Final course and

2. either completed his/her practical training or serving the last six months of
practical training, including excess leaves if any, on the first of the month in
which exam is to be held.
3. Also successfully completed Advance Integrated course on Information
Technology and Soft Skills (Adv. IT & MCS).

To clear the CA Final examination one has to obtained 40% marks in each paper and also
50% marks in aggregate of all the papers.

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However, if a student obtains 60% marks in any subject then that subject will be exempt for
the further three examinations. But if the student would not be able to clear the Final
Examination within three attempts, then he/she will have to again attempt that previous
exempt paper.

Student can attempt either single or both the groups at a time. And after passing both the
groups and successful completion of practical training you will be a Chartered Accountant.
You can apply for the membership number with the ICAI.

You will be a member with ICAI.

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