What is the full form of CA?
What is the full form of ca; this is common questions arises in every students mind after complete their higher education.
Pursue a career in the best professional and highest paying courses in India; the name of CA is also written in precious letters. The duration of completion CA course is 5 years.
If construct your career in the field of CA. First of all, it is important to know the full form of CA, what the work in it is and how to become a successful CA in life.
Full Form of CA Course?
Full form of CA: Chartered Accountant
Chartered Accountancy was founded in 1854 by the Institute of Chartered Accountants of England and was established in 1949 in India.
What is Chartered Accountant (CA)?
CA stands for Chartered Accountant. It is a distinguished individual who specializes in the fields of accounting, financial and business taxes.
What is the salary of CA in India?
The average salary of a chartered accountant in India is 60 thousand to 3 lakh per month. If the posting is outside India, you will get around 4 to 5 lakh rupees every month.
What is the work of CA?
Chartered Accountants are works in the different fields of business, finance, auditing, taxation, budget analyst and the helping with the money managements.
The Whole world run on transaction and every business, industry, bankers and organization needs to manage their accounts with the help of Chartered accountants.
How to become a CA?
While knowing the full form of CA and how much salary can be expected. Now it is important to know how to become a chartered accountant.
Eligibility Criteria:
Complete some steps to become a successful Chartered Accountant: Candidates must have qualified class 12th exams from any streams like Science Commerce and arts.
Step 1. Common Proficiency Test (CPT)
As soon as qualify 12th, the first exam of CA will have to be given Common Proficiency Test (CPT).
It is objective types of examination and consist of 200 multiple choice questions.
The Common Proficiency test is conducted twice every year.
CPT covers four basic subjects divide into two groups:
Group 1
- Fundamentals of Accounting
- Mercantile Laws
Group 2
- General Economics
- Quantitative Altitude
Every correct answer prescribed 1 mark.
0.25 marks are deducted for every incorrect answer and the duration of exams is 2 hours.
Candidates required securing at least 30% marks in each group and above 50% marks aggregate in whole groups.
After qualifying CPT, the second level exam is Integrated Professional Competence Course (IPCC).
Step 2. Integrated Professional Competence Course (IPCC)
It is subjective types of examination and consists of 700 marks.
Integrated Professional Competence Course (IPCC) is also conducted twice every year.
IPCC exams covers total seven subjects divided into two groups.
Group 1
- Accounting
- Business Laws, Ethics and Communication
- Cost Accounting and Financial Management
- Taxation
Group 2
- Advanced Accounting
- Auditing and Assurance
- Information Technology and Strategic Management
There is no any negative marking.
A qualifying grade in IPCC is awarded; the candidates secured 40% in every subject and getting above total 50% marks in whole subjects.
After completing the IPCC, you have to do 3 year article-ship, which can become a qualified CA.
After completing the article-ship, CA Final Examination will have to be qualified.
Step 3. CA Final Examination
It is subjective types of examination consist of 800 marks and no negative marking.
CA Final Examination is also conducted twice every year.
The candidates have to score more than 50% marks in the entire subjects.
CA final examination covers total six subjects divided into two groups.
Group 1
- Financial Reporting
- Strategic Financial Management
- Advanced Auditing and Professional Ethics
- Corporate and Economic Laws
Group 2
- Strategic Cost Management and Performance Evaluation
- Direct Tax Laws & International Taxation
- Indirect Tax Laws
- Elective Paper (One to be chosen from the list of Elective Papers)
List of Elective Papers:
- Risk Management
- Financial Services & Capital Markets
- International Taxation
- Economic Laws
- Global Financial Reporting Standards
- Multi-disciplinary Case Study
- After complete these three steps you will become a chartered accountant.
But, becoming a CA in India is not as easy as it sounds, you have to qualify these 3 steps and it is very tough exams. For this you have to study carefully and continuity then nothing can stop from becoming a successful chartered accountant.
Top Recruiters Sectors for CA
5 top recruiters sectors in chartered accountants are as the following:
- Banks
- Finance Companies
- Mutual Funds
- Accounting Firms
- Multinational Companies
FAQ: Full Form of CA Course
Q. What is the full form of CA course?
The full form of CA course is chartered accountant.
Q.what is the full form of CA CPT?
The full form of CA is chartered accountant and the full form of CPT is common proficiency test.
Q. What is the first step to become a CA?
Steps to becoming a CA after class 12th There are total three exams:
Common proficiency test (CPT)
Integrated Professional Competence Course (IPCC)
CA final exam
Q.Which college is best for CA in India?
The top 5 best ranked colleges for CA in India are:
- Aldine CA, Rajasthan
- AMT educare, chennai
- J. K. Shah Classes, Mumbai
- Nahata Professional Academy, Indore
- Vidya Sagar Career Institute Ltd. Jaipur
Q. What is the salary of Chartered Accountant per month in India.
The average salary of chartered accountant is 60 thousand to 3 lakh per month, it’s depends on which fields they have getting a jobs.