Chartered Accountancy is termed as one of the toughest courses in the world. CA Program needs an individual to learn about the Accountancy Concepts, Theories, and Standards. After completing the course an individual will be provided with a Designation of Chartered Accountant. Go through the complete article to learn about the CA After Graduation complete information such as Eligibility, Duration, Fees, Syllabus, Admission through CPT or Direct Scheme and other related specifications.
- Eligibility Criteria for CA
- Fee Structure for Chartered Accountancy
- Admission Procedure for CA
- CA Course Duration
- CA Syllabus
- Career Prospects for CA After Graduation
- Top Companies that hire CA Professionals
- How many years, of course, is CA After Graduation?
- Is it good to do CA After Graduation?
- What is the Process of CA After Graduation?
- Is CA a Good Career Option?
CA After Graduation Course Overview
|Percentage Required||55% for commerce
60% for arts/humanities/science
|Eligibility||55% for commerce students
60% for arts or science students
Must have studied any 3 commerce-related subjects like Accounting, Auditing, Economics, Corporate Laws, Taxation, etc.
|Last Date to register||September 1, 2020, for May 2021 Exam
1 March 2021 for November 2021 Exam
|Syllabus||Business Ethics and Communication, Costing, Taxation, Advanced Accounting, Auditing, Insurance, Information Technology, Strategic Management, etc.|
|Process||1. Directly appear for IPCC
2. After 9 months, complete Articleship.
Candidates who want to pursue Chartered Accountancy After Graduation or XII have to meet the following eligibility requirements. They are in the following fashion
- Students must secure at least 55% in their Graduation/ Post Graduation from Commerce Related Field. And those who want to pursue CA After Graduation must have studies at least three commerce subjects as Accountancy, Economics, Auditing, Taxation, Corporate Laws, Costing amongst others.
- If you are from a non-commerce background the minimum aggregate needed can be up to 60%.
- You need to clear the Company Secretary Intermediate Exams held by the Institute of Company Secretaries of India or the (CWA) Intermediate Exams organized by the Institute of Cost Accountants of India.
The Fees for pursuing CA After Graduation rages somewhere between 19K-27K INR. This includes the Registration Fee, orientation course fee, article registration fees, and information technology fee. However, this is not a fixed fee and the fee structure might vary depending on the college’s reputation. So before joining just confirm with the respective college’s official portal or by visiting the ICAI official website.
There are two different ways in which students can attain their CA qualifications. One is you can pursue after completing the 12th or after your Bachelor’s Degree. Those who wish to pursue CA After the 12th can clear the CA Foundation Exam. On the other hand, those wishing to pursue after CA after Graduation direct entry scheme provides them the Exemption if they attain a certain percentage in Bachelor’s Degree.
Refer to the below table to know on How you can become CA in both scenarios.
|CA Course||CA After Class 12th||CA After Graduation|
|Minimum Duration||4.5 Years||3 Years|
|Level||CPT/CA Foundation||Direct Entry|
|IPCC Eligibility||9 months after IPCC||9 months after Articleship|
|Articleship Eligibility||After Group I of IPCC||After Registration|
Through CPT Route
12th Standard Pass out Candidates who are willing to undertake the CA Course have to appear for the Common Proficiency Test(CPT) which is renamed as CA Foundation. Once you clear the CA Foundation you need to take both groups of CA IPCC and then appear for CA Final Exam. In addition, one needs to finish the complete 9 months of practical training known as Articleship.
CA Direct Entry Scheme After Graduation
Students can signup for CA after Graduation along with appearing for CA Foundation. Candidates who have secured a certain percentage in graduation can apply for articleship and IPCC Exams. Pursuing CA through Direct Scheme exempts students from taking the CA Foundation Exam and you can directly appear for the CA Intermediate Exam.
- Enroll for IPCC both groups
- 100 hours of Information Technology Training
- Orientation Course
- Appearing for both groups of the IPCC Exam
- Complete 9 Months of mandatory Practical Training (Articleship)
- CA Final Exam
- Awarding of the CA Designation
Duration for Chartered Accountancy varies depending on the route you have opted for.
- Students who want to pursue their CA after 12th have to take the CPT Route and the duration of it is around 4-4.5 Years.
- A Candidate aiming to pursue CA after Graduation should Choose the Direct Entry Route for which duration is 3 Years.
When it comes to the Maximum Duration there is no specific time as the ICAI removed the number of Attempts and the Age Limit.
There are three different levels of exams you need to qualify in order to reach your desired designation. Let us have a look at the different levels of exams and what they include
Common Proficiency Test(CPT): CPT or CA Foundation is the Preliminary Accounting Exam. This Test is for 200 Marks and tests the individual’s fundamentals on Accounting, General Economics, Mercantile Laws, and Quantitative Aptitude that are a part of the CPT Syllabus.
Integrated Professional Competence (IPCC): Advanced Accounting Concepts are dealt with during the Two Group IPCC Exams. IPCC Syllabus includes Business Ethics and Communication, Taxation, Costing, Advanced Accounting, Auditing, Information Technology, Insurance, Strategic Management, etc. Students who are in the final year can also take this exam.
CA Final: Final Stage of the CA Course is the difficult one to crack. It includes highly advanced topics such as Financial Reporting, Strategic Finance, Professional Ethics, Accountancy, Advanced Management, etc. Clearing this exam you will get way closer to acquiring CA Certification.
There are plenty of career options available for candidates in the Commerce Stream. CA Course Structure and Curriculum is highly rigorous and incorporates practical training among students which is highly regarded by the companies. In fact, Candidates who pursued CA can complement their learning by joining other studies such as MBA, CFA, FRM Exam, etc. Popular Career Options for Candidates who Pursued CA After Graduation are outlined in the below lines.
- Internal Auditor
- Tax Specialist
- Asset Manager
- Cost Accountant
- Finance Manager
- Tax Auditor
- Investment Banker
After finishing their CA one can join a reputated company or start a firm on their own. Here, we have included the best firms that hire CA Professionals. They are along the lines
- BDO International
- Ernst & Young
- SS Kothari
- SR Dinodia and Co. LLP
- RSM International
- Grant Thornton
- Luthra and Luthra
FAQs on CA After Graduation
CA After Graduation is a 3 Year Course.
Yes, it is good to do CA After Graduation as you can save some years. In fact, it provides you a plethora of opportunities in a wide range of companies.
Candidates who have secured a certain percentage in graduation can apply for articleship and IPCC Exams. Pursuing CA through Direct Scheme exempts students from taking the CA Foundation Exam and you can directly appear for the CA Intermediate Exam.
Yes, it is a good career option as it is in demand in almost all industries. Being a Chartered Accountant an individual can work in government, public undertaking, private sectors. If you don’t want to work under some one you can practice individually.