CA Course Overview Notes

Jul 25, 2024

CA Course Overview

Introduction

  • Presenter: Kaushik
  • Focus: Complete details of the Chartered Accountancy (CA) course

Importance of CA Course

  • CA provides high levels of money, power, and reputation.
  • Essential for any student aspiring to pursue CA to understand the core elements of the course.

Course Timeline

  • Duration: 3.5 years if all levels are cleared in the first attempt.
  • Institutes Fee: Approx. ₹90,000 over three years, with registration and exam fees at different stages.

Eligibility

  • Open to students from any stream (Science, Arts, Commerce).

CA Course Structure

  • Divided into three stages:
    1. Foundation
    2. Intermediate
    3. Final

Foundation Stage

  • Eligibility: After 12th class.
  • Four papers, each worth 100 marks (total 400 marks).
  • Minimum pass criteria: 40 marks in each subject and total 200 marks.
  • Negative marking: 0.25 marks deducted for each wrong answer.
  • Offered three times a year.

Intermediate Stage

  • Comprises two groups (Group 1 and Group 2), each with three papers.
  • Similar structure as the foundation stage, offered three times a year.
  • Requires two years of articleship training after passing the Intermediate level.

Final Stage

  • Two groups (Group 1 and Group 2), each with three papers.
  • Candidates can choose to take both groups together or separately.

Articleship Training

  • Essential for practical experience in a CA firm or corporate setting.
  • Provides stipend as financial support during training (around ₹4,000/month).

Career Prospects

  • CAs have the authority to sign financial statements and perform crucial financial roles within companies.
  • Salary can range drastically based on capability and experience.

Effort Required

  • Requires consistent study habits and regular attendance.
  • Students may feel demotivated but opportunities increase with perseverance.

Additional Information

  • Passing the foundation is essential for validity in further levels.
  • Graduates can skip the foundation level if already qualified.
  • Various disciplines available in the final stage, including economic law.

Advice for Aspirants

  • Consider pursuing a B.Com (Program) alongside CA preparation; full-time dedication is highly recommended.
  • Coching is important for effective learning in CA courses.
  • Other courses to consider after CA: CFA (Chartered Financial Analyst), which has more mathematical requirements.

Conclusion

  • Regular studies, appropriate planning, and a clear understanding of the course are keys to success in CA.
  • Open for queries related to CA and career decisions.