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With the rapid growth in economy, careers in finance and
accounts have gained tremendous popularity and the most prestigious career
option in this filed is that of Chartered Accountant. Chartered Accountancy
is a dynamic, challenging and rewarding profession. All the countries have
their own Accountancy Association which regulates the quality and quantity
of the professionals in this field. Chartered Accountancy Course is a professional
course in Accounting introduced in our country in 1949, with the enactment
of the Chartered Accountants Act. The Institute of Chartered Accountants of
India (ICAI) was formed the same year . This Institute is both an examining
and a licensing body. It is the responsibility of the institute to conduct
the Chartered accountancy (CA) Course. The course involves a blend of theoretical
education and practical training which run concurrently for a period of three
years and equips a student with knowledge, ability, skills and other qualities
required of a professional accountant.
A Chartered accountant is one who is specialised in accounting, auditing and
taxation. He also serves as a management and corporate caretaker. In recent
times, accountancy has become popular as a profession. The services of
a CA is required in money matters even in a small business . Moreover according
to the Company Act only CA's in professional practice are allowed
to be appointed as auditors of companies in India. A chartered accountant
is a person who is accepted as a member of the Institute of Chartered Accountants
of India (ICAI) after having passed the Final examination of the Chartered
accountancy course conducted by the institute.
CA programme is of two years apart from the training period.
It has three sections, Competency Professional Test (CPT) that was earlier
known as Professional Education exam PE1, Professional Competency Examination
(PCE) and Final examination. The registration for CPT and PCE is open throughout
the year. A student may register at any time during the year. However, as
the examinations will be held twice a year in May and November, it is necessary
that a student must register at least ten months before the examinations.
After passing the Professional Competency Examination (PCE) candidates are
eligible for registration as articled clerks/audit clerks for practical training.
Computer Training Programme, ie 100 hours Information Technology is compulsory
for the candidates who wish to register themselves as auditor clerk. Students
can undergo this programme while pursuing CPT or PCE.
Articled clerk is a trainee attached to a practicing chartered
accountant under a Deed of Articles for the duration three years. During this
period the articled clerk will also need to continue studies for the CA exam.
An audit clerk is a person who has served as a salaried employee for a minimum
period of one year under a practicing chartered accountant. During the training
period, candidates would be required to work in different areas learning the
basics of auditing and taxation . This training enables them to learn the
technical details of the job as well as to get an idea of the working environment
of the profession.
The scope for this lucrative career is bright in an economically
developing nation like ours and as such the career can be termed as challenging
and rewarding for competent professionals in the field.
Eligibility: A candidate
who has passed the Senior Secondary Examination (10+2) or waiting for the
10+2 exam results can register for the CA programme. Click
here for more details
Job
prospectus and Work area :The growing importance
of trade and industry along with the rapid growth of capital and money markets
in an economically developing nation like ours, has increased the importance of
Chartered Accountants enormously. Click
here for more details
Examination & Course Details: Anyone who has a
10 + 2 can enroll for the Professional Education Course I . Click
here for more details
Remuneration: Chartered Accountancy is a well-paid
profession. Click here for more details
Institutes : Click
here for the list of institutes
