For a long time, Chartered Accountancy (CA) has been one of the popular career options among students in India. Students choose to pursue this professional course and start their journey, despite knowing the hardships and challenges associated with it.
The popularity of the CA course can be judged by the fact that every year thousands of students appear for CA exams to fulfill their CA dream. The lucky ones who crack the examination, get a sense of honor and pride by calling themselves Chartered Accountant.
Pursuing and studying to become a Chartered Accountant can be one of the best professional decisions a student can take. Students are well aware of the fact that CA exam preparation if done with the right approach and with exceptional dedication, can reap significant and rewarding benefits for them in the long run.
Being equipped with a CA degree not only opens doors of opportunities for students but also makes them a “PROFESSIONAL” having expertise in one field. In fact, Chartered Accountancy is a professional qualification with global recognition.
Explained: Importance & Eligibility Criteria of CAs
Be it a business, entity, or an organization (big or small), proper financial management is the most crucial part of its effective and efficient functioning. Getting authentic & credible financial advice from a “PROFESSIONAL” is the key to a successful business. This brings a Chartered Accountant into the picture. A CA with the right sets of skills and knowledge can dramatically transform the financial health of a company.
In other words, a CA’s advice can be considered as “THE MOST IMPORTANT” when it comes to managing finances, filing taxes, and doing audits of the company.
Keeping in mind the good employment opportunities with the rise in businesses and start-ups in India, this is the the right time to pursue the highly rewarding career of CA. The complex taxation system of India and the recent addition of Goods and Service Tax (GST) by the the government have also strengthened the scope of Chartered Accountancy in India.
Right coaching and training for Chartered Accountancy course serve as a strong foundation for the CA exam preparation, be it CA Intermediate Preparation or CA Final Preparation.
Since CA is a professional qualification in India, therefore, it is governed by a professional body known as the Institute of Chartered Accountants of India (ICAI). ICAI sets & conducts the exams, lays out the rules, and regulates the standards of the CA examinations.
To clear the CA examination and to become a CA, one needs to absorb large chunks of information and undertake a deep understanding of all the subjects. It also requires a lot of hard work and perseverance.
The most crucial part while preparing for the CA examination, is PLANNING. Planning for the CA exam preparation includes the right set of rules and regulations and sticking to the plan till the very end. If you succeed in doing so, it will pave a way for you to the road to success.
Make a proper time table and dedicate specific hours for particular subjects like Accounts, Business Mathematics, Statistics, and Finance. Apart from that, make sure that you are also spending enough time on solving sample papers, CA intermediate mock tests, and previous year question papers. Brushing up on your accounting and advance accounting courses for CA is the key to a successful examination attempt.
Students with Commerce, Science, and Arts background can take admission in the CA course. After completion of the 12th standard, students can take the admission in the CA program through CPT (Common Proficiency Test). Cut-off marks for the CPT test are 50%.
A candidate can pursue the Chartered Accountancy course through two different methods. One is the Foundation Course Route and the other Direct Entry Route. The Foundation Course is the entry point to the course after the 12th standard and Direct Entry is for candidates who are graduates.
There are four stages of the CA course as mentioned below:
1.
2.
3.
4.
Your focus should be on understanding the basic concepts. This can be done by covering your whole syllabus and by making notes easily and understandably.
Attempting mock tests within the given time frame is another great way of improving your confidence. You should try taking at least three mock test papers. How much you can grasp while studying is more important than how much time do you study.
Conclusion
Everything said and done, CA is one of
the respected careers across the world. Your investment of time, dedication,
and constant hard work for the entire duration of the CA course is worth it in
the end. No effort ever goes to waste. The CA degree indeed rewards you with
higher salary packages in big multinational companies and also makes you
capable enough to start your own business. And last but not the least, CA is
now treated as equivalent to a post graduate degree. Yes, you read it right,
years of hard work and sweat you put in your CA examinations, will not only
make you a qualified CA but will also make you a post graduate as well.
