Chartered accountants are considered as holding the most prestigious and respectable job position in India. There is no doubt that this field is very interesting and rewarding. However, to get this position a candidate is required to go through various hurdles. In India, the professional regulating body of the accountancy profession is The Institute of Chartered Accountants of India (ICAI). This regulating body is the 2nd largest professional accounting body in the world after American Institute of Certified Public Accountants.
Source: sarvgyan.com
A chartered accountant's job is one of the oldest jobs in India, which is always in demand across industries. These professionals are required for performing various functions related to finance and accounting such as auditing, providing financial advice, maintaining financial records, taxation, performing forensic accounting, managing accounting systems and so on.
Procedure to become a Chartered Accountant in India
In India, the procedure to become a CA is as follows:
• After passing class 10th examination conducted by an examining body constituted by law in India, candidates can enroll with the Institute for Common Proficiency Course (CPC)
• One must appear in CPT examination after appearing in the 10+2 (Senior Secondary) examination
• After clearing the CPT, the candidate is required to join intermediate (IPC) course/ATC, which is of 8 months duration. During this course, students are advised to undergo orientation program and 100 hours ITT prior to commencement of their articleship
• Next step, after completing the 8 months of study course, it is compulsory to appear in IPC examination/ATE
• After passing, it is the time to join articles training. In the first year of article training, candidates need to undergo a course (15 days) namely General Management and Communication Skills (GMCS) then there is another similar course for 15 days duration. Instead of this training, one can also go for a 4 week's residential program on professional skills development
• CA final course is the next stepping stone towards the career of chartered accountancy. During this course, candidates are required to undergo an advanced information technology training during the 3rd year of practical training, before appearing for the final examination. Side by side, 3 years for articled training has to be completed.
• After completing the practical training and all the above-mentioned courses, one becomes eligible for appearing in the final examination.
• Clearing this examination will make you a member of the ICAI and you'll be designated as Chartered Accountant.
Although, the procedure seems quite tough, the rewards are amazing for the candidates who managed to get this designation. Numerous jobs for chartered accountants are available in different industries. This profession is amongst the top highest paying professions in India and will continue to maintain its value and prestige in the years ahead.
Source : articlesbase.com
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