Last Updated on November 5, 2024
Becoming a chartered accountant (CA) is like going on an exciting financial journey. Moreover, The future of a chartered accountant is full of curiosity for numbers. The work of a CA is to prepare the books of accounts of the different companies and Organisations. They have strong skills for analysis and CA understands taxation.
You have come to the correct blog if you’ve been wondering how to become a chartered accountant after 12th grade. This article will explain the steps of becoming a chartered accountant (CA). In addition, we have included advice for those aspiring to become chartered accountants (CAs) to assist you to succeed in the field.
Read: 20 Best Courses after 12th Commerce with High Salary
What Are The Levels Of CA?
As you have been considering becoming a CA After passing the 12th standard. You will be required to go through a systematic process that usually consists of three stages. The examination of the CA is divided into three basic levels.
The levels are as follows:
- Foundation,
- Intermediate, and
- Final.
Therefore, to become a Chartered Accountant (CA), after completing your 12th grade education. You will be required to successfully pass all the three stages.
What are the Qualifications required to be a Chartered Accountant?
The qualifications required are as follows:
- To become a CA, you typically must complete a bachelor’s degree in commerce or a related field such as finance or accounting. This training course provides the basic knowledge required to pursue CA studies.
- After 10+2 (grade 12), CA aspirants need to register and complete the CA Foundation course, this is entry-level. program for the CA profession. It covers the basic concepts of accounting, business law, economics, and mathematics.
- After passing the CA Foundation exam, candidates can apply for the CA-level-of intermediate course. This phase delves deeper into the principles of accounting, auditing, taxation, financial management, and other related topics.
- As part of the CA program, candidates must complete practical training The reality is called Articleship. This training includes working under the guidance of a Practising CA or registered firm to gain practical experience in accounting, auditing, and related duties.
- Upon successful completion of CA Intermediate exams and prescribed time. As an intern, candidates can enroll in the final course. this side. This is the final stage of the CA program, covering advanced topics in various subjects and culminating in the final exam.
- In addition to the final CA course, candidates must complete a training course Created GMCS, which focuses on improving communication skills and understanding of General Management Principles.
- Candidates can apply for membership in the Institute of Chartered Accountants of India (ICAI). , including the title “accountant”.
Read: 20 Best Courses After 12th Arts for High Salary
How To Become A CA After 12th Grade: Step By Step Guide
The following steps to become a Certified Accountant are:
STEP 1: Choose the Commerce Stream In high school (10th grade)
Choose the Commerce stream because it is the best fit for aspiring Chartered Accountants. You will be staying in different subjects in the commerce files that help you to understand the work of a CA. Additionally, Subjects Like Accountancy, Economics, and Business Studies are all commerce subjects that will help you prepare for your CA studies.
STEP 2: Enroll in a CA Foundation Course
After completing your 12th grade, you can choose to enroll in the CA Foundation course. The exam is conducted by the Institute of Chartered Accountants of India (ICAI), which is India’s governing body for CAs, and facilitates course registration. The registration details are available on the ICAI website. You can check the official website.
STEP 3: Complete the CA Foundation Course
The CA Foundation course to become a CA consists of four subjects that are divided into two categories. The subjects are:
| Group I comprises | Accounting Theory and PracticeMercantile Law and General English |
| Group II | Business Mathematics, Logical Reasoning, and StatisticsBusiness Economics, Business, and Commercial Knowledge. Study diligently and prepare thoroughly for the CA Foundation exams. |
You will be required to appear for 4 foundation exams that will be held in December and June. The results will be available in February and July respectively.
STEP 4: Attend CA Foundation Exams
The CA Foundation exams are held twice a year, typically in December and June. After completing the CA Foundation course, you may sit for the exams in the appropriate session.
STEP 5: Register for the CA Intermediate Course
After passing the CA Foundation exam, you can apply for the CA Intermediate course. To do this, you need to become a member of ICAI. Additionally, the intermediate course is divided into two parts to provide a deeper understanding of accounting, auditing, taxation and related topics.
STEP 6: Become a member of ICAI
You can apply to join the Institute of Chartered Accountants of India (ICAI) upon clearing the CA foundation exams. You will become a student member upon approval.
STEP 7: Appear for CA Intermediate Examinations
Upon joining the institute, commenced pursuing a CA intermediate degree. You are eligible to take the CA intermediate exams. Twice a year, generally in May and November, these tests are given.
STEP 8: Complete Articleship Training
Before taking the CA final exams, you must finish a “Articleship,” which is a required practical training programme. By ICAI norms, you will work as an intern for a set amount of time at a CA firm or under a practising CA throughout your articles.
STEP 9: Register for the CA final course
After passing the CA Intermediate exams and serving the required period of Articleship, you can enrol in the CA Final course.
STEP 10: Prepare for CA Final Exams.
The CA final course covers all the advanced topics in accounting, taxation, auditing, and related fields. You can prepare thoroughly for the CA final exam so that you can easily score high and pass the exam.
STEP 11: Attend CA Final Exams.
Twice a year, usually between May and November, the CA Final Exams are administered. You can take the CA Final examinations after preparing sufficiently, and if you pass them, this allows you to become a CA.
STEP 12: Complete the General Management and Communication Skills (GMCS).
To become a CA, you must first complete the GMCS training course, which is designed to improve your communication and management skills.
Read: Top 10 Diploma Courses after 12th Arts for High Salary
Tips for CA aspirants
If you want to become a Chartered Accountant (CA), here are ten tips that will help you succeed:
- Begin Early: If possible, begin preparing for the CA in the eleventh or twelfth grade.
- Recognise the CA Curriculum: Get acquainted with the curriculum and course outline.
- Remain Consistent: Establish and adhere to a study regimen.
- Select the Correct Study Materials: Pick reputable study materials that have been endorsed by experts or coaching organisations.
- Enrol in a Reputable Coaching Institute: Choose a coaching centre that focuses on helping students prepare for the CA exam.
- Take Regular Simulated Tests: Examine past years’ papers and take regular simulated tests.
- Pay Attention to Weak Areas: Determine and bolster areas of weakness.
- Keep Up with Amendments: Revisions and amendments should be kept up to date.
- Preserve Work-Life Balance: Establish a healthy equilibrium between study sessions and free time.
- Have faith in Yourself: Have faith in your abilities and self-worth.
CA Proficiency and Requirements
- Knowledge of accounting rules, reporting requirements, and financial concepts.
- The ability to analyse and solve problems, recognise issues, and suggest fixes.
- Financial reporting and accounting accuracy are vital.
- Accurate financial reports require close attention to detail.
- It is essential to preserve the values of objectivity, integrity, and professionalism.
- Complex financial information must be communicated both orally and in writing.
- Effective time management involves setting priorities and adhering to deadlines.
- Flexibility in adhering to the most recent laws and guidelines.
- Possibilities for leadership positions within groups or among experts in different domains.
Read: Top 10 Diploma Courses after 12th Commerce for High Salary
Conclusion
Becoming a CA after 12th grade is an exciting journey that necessitates dedication and a strong educational foundation. A chartered accountant’s qualifications include rigorous study, practical training, and ethical standards. While the process may take 4.5 to 5 years, the prestigious CA designation leads to a rewarding financial career. You can take a consultancy from a team of admissify who a professional experts ready to help you throughout the educational journey.
FAQs
Can I pursue CA after completing my 12th standard?
Yes, you can pursue a CA after completing your 12th standard by enrolling in the CA Foundation course.
What subjects should I focus on in my 12th standard to become a CA?
It is advisable to focus on commerce subjects such as Accountancy, Economics, and Mathematics.
How many exams do I need to clear to become a CA?
To become a CA, you need to clear three levels of exams: CA Foundation, CA Intermediate, and CA Final.
How long does it take to become a CA after the 12th?
It typically takes around five to six years to become a CA after completing your 12th standard, including the required training periods.
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