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CA Course and Syllabus 2022- CPT, IPCC, Foundation

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CA Course and Syllabus 2022- CPT, IPCC, Foundation

If you’re planning on taking the Chartered Accountants (CA) Course, you should start preparing early and read up on all the topics. The CA course is extremely challenging and requires a lot of dedication, but it is one of the most rewarding professional courses in India.

The CA course in India is a highly respected and competitive professional designation in the world of finance. The program is overseen by the Institute of Chartered Accountants of Ontario (ICAO), which is a government agency that sets the standards for the financial industry. The CA designation is one of the most prestigious and well-known professional designations in India and has been given to many notable business leaders and entrepreneurs.

What is CA Course?

Chartered Accountants in India are professionals who work in the field of Accounting and Auditing. They are entrusted with the responsibility of keeping financial records and providing advice to individuals and organizations. The Chartered Accountant course is a three-year program, divided into 10 semesters, which will provide students with a sound knowledge of finance and business.

A Chartered Accountant (CA) is a professional designation in the field of accounting, which requires passing the Common Proficiency Test (CPT) and completing a three-year CA course. This is one of the most sought-after professional courses in India. The CA course is divided into two parts: articleship and foundation exam. After successfully completing articleship, students can sit for the Foundation exam to obtain their CA designation.

Name of CourseChartered Accountancy
Conducted byThe Institute of Chartered Accountants of India (ICAI)
Popular NameCA
Levels of the Course3 Levels
Duration of Course5 Years
Minimum Eligibility10+2 Qualification
Official Websitewww.icai.org

 

CA Eligibility Criteria

CA Eligibility Criteria in India is a 3-year bachelor’s degree course with a minimum of 60% marks. After graduation from a recognized university, a CA candidate needs to take an examination, which is conducted by the Institute of Chartered Accountants of India (ICAI). The CA examination has 4 parts, and the candidates have to clear each of the 4 parts to secure a certificate of eligibility. The first part is the CA general knowledge examination, followed by the Part One examination, the Part Two examination, the Part Three examination, the Part Four examination, and finally the Part Five examination.

It is important for all CA aspirants to note that after completing the second level of the course, CA IPCC, it is mandatory for the candidates to do 3 years of articleship. After completion of the second level and article ship, candidates are eligible for admission in the CA final.

If you are willing to pursue after 12th or after graduation, then let’s go through the complete CA eligibility criteria in detail, so get your full attention in the below section.

  • CA Foundation Admission: After class 12th exam with any stream, you can do CA course by qualifying CA foundation exam. It is one of the most preferred routes chosen to enter this route.
  • CA IPCC: For those who are wondering how can do CA after graduation PT PG course, then joining the course at CA IPCC level is the most suitable option. If the candidates have a degree in the field of commerce then they must have at least 55% marks. Otherwise, applicants with at least 60% marks in the UG course are eligible to appear for this level.

 

CA Subjects and Syllabus 2022

The Chartered Accountants (CA) qualification is a globally recognized accounting and finance designation. It is administered in India by the Institute of Chartered Accountants of India (ICAI). The CA qualification requires the completion of a three-year course and passing an examination. This article provides a brief overview of the subjects covered in the CA syllabus, as well as tips for studying and passing the final exam.

CA Subjects in India are divided into two parts, namely, Financial Reporting and Management Accounting. The syllabus for CA is divided into the following major areas:

CA LevelSubjectsMarking Scheme
CA Foundation1. Principles and Practices of Accounting
2. Business Law & Business Correspondence and Reporting
and Reporting
3. Business Mathematics and Logical Reasoning & Statistics
4. Business Economics & Business and Commercial Knowledge
100 Marks each
[400 Marks]
CA IPCC1. Accounting
2. Business Laws, Ethics and Communication
3. Cost Accounting and Financial Management
4. Taxation
5. Advanced Accounting
6. Auditing and Assurance
7. Enterprise Information System & Strategic Management
100 Marks each
[700 Marks]
CA Final1. Financial Reporting
2. Strategic Financial Management
3. Advanced Auditing and Professional Ethics
4. Corporate Laws and Economic Laws
5. Strategic Cost Management and Performance Evaluation
6. Electives
7. Direct Tax Laws and International Taxation
8. Indirect Tax Laws
100 Marks each
[800 Marks]

 

CA is the abbreviation for Chartered Accountant. It is a postgraduate degree in accounting. The CA course is designed to provide knowledge and expertise in the field of accounting, finance, business laws, taxation, corporate laws, and related subjects. The course is divided into three levels: Foundation, Intermediate, and Final. Let’s check the detailed CA Syllabus 2022 below.

CA Foundation or CPT Subjects

CPT stands for Common Proficiency Test and the courses under this name are those that are required to be done by all those students who want to pursue CA (chartered accountancy) as a career option. The CPT course is conducted by the ICAI (Institute of Chartered Accountants of India) and is a two-tier examination. The first tier is the Foundation Level Examination and the second tier is the Professional Level Examination. The foundation level comprises four subjects and each subject will carry a 1/4 mark each.

Paper NumberSubject NameMarks
Paper 1Principles and Practices of Accounting100 Marks
Paper 2Business Law & Business Correspondence and Reporting
Part I: Business Law [60 Marks]
Part II: Business Correspondence and Reporting [40 Marks]
100 Marks
Paper 3Business Mathematics and Logical Reasoning & Statistics
I Part: Business Mathematics [40 Marks]
II Part: Logical Reasoning [20 Marks]
III Part: Statistics [40 Marks]
100 Marks
Paper 4Business Economics & Business and Commercial Knowledge
Part I: Business Economics [60 Marks]
Part II: Business and Commercial Knowledge [40 Marks]
100 Marks

 

CA Intermediate or IPCC Subjects

The knowledge of CA Intermediate or IPCC subjects 2022 is very important for the students who are going to appear in the examination. It is very important to know about the subjects and syllabus of CA IPCC. Here we are providing you with all the necessary information that you need about CA IPCC subjects.

Paper NumberSubject NameMarks
Paper 1Accounting100 Marks
Paper 2Business Laws, Ethics and Communication
I Part: Business Laws [60 Marks]
II Part: Ethics [20 Marks]
III Part: Communication [20 Marks]
100 Marks
Paper 3Cost Accounting and Financial Management
Part I: Cost Accounting [50 Marks]
Part II: Financial Management [50 Marks]
100 Marks
Paper 4Taxation
Part I: Income Tax Law [50 Marks]
Part II: Indirect Tax Laws [50 Marks]
100 Marks
Paper 5Advanced Accounting100 Marks
Paper 6Auditing and Assurance100 Marks
Paper 7Enterprise Information System & Strategic Management
Part I: Enterprise Information System [50 Marks]
Part II: Strategic Management [50 Marks]
100 Marks

 

CA Final Subjects 2022

CA Final Subjects 2022 are divided into group 1 and group 2. Group 1 consists of four papers namely Financial Reporting, Advanced Financial Management, Strategic Financial Management, and Financial Markets. Group 2 consists of 4 papers namely Financial Reporting, Corporate Laws and Economic Laws, Direct Tax Laws and International Taxation, and Indirect Tax Laws.

Paper Number Subject NameMarks
Paper 1Financial Reporting100 Marks
Paper 2Strategic Financial Management100 Marks
Paper 3Advanced Auditing and Professional Ethics100 Marks
Paper 4Corporate Laws and Economic Laws
Part I: Corporate Laws [70 Marks]
Part II: Economic Laws [30 Marks]
100 Marks
Paper 5Strategic Cost Management and Performance Evaluation100 Marks
Paper 6Elective [Refer to the table given below]100 Marks
Paper 7Direct Tax Laws and International Taxation
Part I: Direct Tax Laws [70 Marks]
Part II: International Taxation [30 Marks]
100 Marks
Paper 8Indirect Tax Laws
Part I: Goods and Services Tax [75 Marks]
Part II: Customs and FTP [25 Marks]
100 Marks

 

How to Become a Chartered Accountant?

The Chartered Accountant designation is a globally recognized professional designation indicating a high level of proficiency in the field of accounting. To earn the designation, a candidate must complete years of study and pass a rigorous set of examinations. There are three main stages to becoming a Chartered Accountant: 12th pass, undergraduate studies, and postgraduate studies.

The 12th pass stage includes that students must have completed their 12th with commerce background then they are eligible to appear in CPT exam also known as CA Foundation.

Graduate-level involves completing a bachelor’s degree in accounting or finance, followed by three years of qualifying work experience.

The postgraduate phase involves completing an advanced program at an accredited institution, which culminates in passing the Uniform Final Examination (UFE) for CPA designation.

A complete guide on how to become a Chartered Accountant is given below in the sections below:

 

Choose a Career Path

There are different paths available for those aspiring for a career in Chartered Accountancy. This field constitutes of various job roles such as a Chartered Accountant, Chartered Management Accountant, Chartered Accountant (Audit), Chartered Certified Accountant, Public Accountant, Business Accountant, Finance Manager, etc. These career paths vary according to the professional training and knowledge an individual has gained. To explore these opportunities, you can choose from numerous quality education programs offered around the world in the field of Finance and Accountancy.

Register for CPT

The Common Proficiency Test (CPT) is an all-India level professional examination that is conducted once a year by the Institute of Chartered Accountants of India (ICAI). The primary level exam of Chartered Accountancy, CPT, is a mandatory condition to become a Chartered Accountant. It is an online test and candidates who qualify for the CPT are allowed to appear for the Intermediate and Final level exams. The CPT has three sections: English Language and Comprehension, Quantitative Aptitude, and Professional Knowledge.

Register for IPCC

Those who have qualified for the CPT exam can directly apply for the next level Integrated Professional Aptitude Course. In IPCC, it consists of a total of 7 exams as a group (Group 1+Group 2). To advance to the lower level, the student must qualify for at least one group.

ITT and Orientation

The ITT and Orientation program is a compulsory curriculum for all candidates aspiring to become a Chartered Accountant in India. The program is a comprehensive introduction to the essential skills and knowledge of the accounting industry that is necessary for a CA to function effectively in their daily lives. It provides new CA’s with an initial understanding of the profession and an orientation to the various areas of service that they will be undertaking.

Registering for Articleship

Articles, or the Practical Training period of becoming a Chartered Accountant (CA), are a critical part of the procedure. It equips students with vital exposure to the Accounting industry and allows them to gain experience in their field. Those aspiring to work as CA are required to pass through the articleship period before applying for their final exams.

Qualify CA Final Course

The Chartered Accountancy (CA) final examination is the final step in the process of becoming a Chartered Accountant after article training. This examination is held by the Institute of Chartered Accountants of India. The CA final course also referred to as the final exam, is held in two stages. One stage is the main examination consisting of four subjects, and the other is an optional subject. The main examination is held twice a year during May and November, while the optional subject can be attempted during any time during April-March.

CA Selection Process and Structure 2022

Chartered Accountants (CA) are professionals who are qualified to provide financial advice and services to businesses, individuals, and other organizations. To become a Chartered Accountant, one must complete both academic and practical requirements. The academic requirements include completing an undergraduate degree in any discipline, passing all prescribed courses in the CA Intermediate section of the Institute of Chartered Accountants of India (ICAI), passing the required exams, and completing a compulsory internship. The practical requirements include gaining two years’ experience working in an accounting firm or company while also undergoing training with ICAI.

  • Register with the recognized authority governing CA programs like ICAI.
  • They have to pass 3 modules of the syllabus: CA Foundation Exam, Intermediate Course (2 Groups), and CA Final which includes multiple CA subjects.
  • After you have cleared the first level i.e. CA Foundation exam and the first group of Intermediate courses, you are eligible to start your articleship or practice CA under a CA firm.
  • Your CA is yet to be final until you have completed 3 years of practical training, which you have to clear.
  • In addition, there is a need to complete computer-related training and an orientation course (OC) to improve your information technology and develop soft skills.
  • Once completed, one will be able to obtain a professional CA degree.

 

CA Exam List 2022

The Chartered Accountancy course is one of the most reputed professions across the world, and it is also one of the most tedious. The course runs for a period of 3-4 years, depending on how long it takes to clear the exams. It is divided into parts, with each part requiring students to pass all exams before moving on to another part. There are two main types of Chartered Accountants: Management Accountants and Audit Accountants. The exams are conducted by both the ICAI (the Institute of Chartered Accountants in India) and the CIMA (the Chartered Institute of Management Accountants).

  • Institute of Chartered Accountants of India (ICAI)
  • American Institute of Certified Public Accountants (AICPA)
  • Canadian Institute of Chartered Accountants (CICA)
  • Institute of Chartered Accountants in England and Wales (ICAEW)
  • Institute of Chartered Accountants of Scotland (ICAS)
  • Chartered Accountants of Ireland
  • Institute of Chartered Accountants of Australia (ICAA)

Skills Required Becoming Chartered accountants

A Chartered Accountant (CA) is an accounting professional who has passed the Chartered Accountants examination of the Institute of Chartered Accountants of India. To be eligible for the examination, one must complete a graduate degree in any discipline with at least 50% marks or an equivalent grade, and must also have completed a course in accountancy. The CA qualification is conferred by the Institute of Chartered Accountants of India (ICAI). A CA can work in different sectors like government, business, industry, and public practice.

Chartered accountants are trained professionals who have the necessary skills to perform the role of a financial analyst. They are qualified professionals who have the ability to provide advice on complex financial matters. Chartered accountants also have the ability to prepare and file tax returns, as well as interpret tax laws. Follow some of the key skills to becoming Chartered Accountants in India.

  • Deliverance and determination
  • A knack for numbers
  • Conceptual understanding
  • Analytical skills
  • Ability to handle manifold tasks under pressure

 

Top Organizations Hiring Chartered Accountants 

The term chartered accountant refers to a professional accountant who has passed the necessary exams to become a member of the Chartered Accountants’ Institute of Canada (CAIC). Generally speaking, chartered accountants are employed by public accounting firms, but are also hired by corporations, not-for-profit organizations, governments, and other businesses. For those who are interested in becoming a chartered accountant, here is a list of some top organizations that hire them.

  • KPMG
  • EY
  • Deloitte
  • Accenture
  • Reliance Industries
  • Grant Thornton
  • Kotak  Mahindra
  • ICICI Bank
  • Aditya Birla Group
  • Indian Oil

 

 

FAQs

Is pursuing BCom necessary for CA?

No, it is not mandatory to do b.com for CA. Students who are willing to be a part of CA can start from class 12th.

Who is eligible to appear for CA Final exam?

All those students who have completed 2.5 years articleship and passed the previous levels are eligible. Also, it is mandatory to complete AICITSS if the applicant has never appeared for the old scheme and is planning to do it for the new scheme.

What is qualification for CA?

The minimum qualification required to pursue ICAI CA course is class 12. Those who have passed class 12 can take CPT course. Common Proficiency Test (CPT) is the preliminary stage to start a career in Chartered Accountancy. The second stage is IPCC (Intermediate) and the last stage is CA Final.

What is the best course for CA?

There are the 5 best courses a chartered accountant can do after passing out CA

  • CS – Company Secretary.
  • CMA – Cost Accountants.
  • CFA – Chartered Financial Analyst.
  • CISA – Certified information system auditor.
  • ACCA or CIMA.

What is AICITSS?

The Advanced Integrated Course on Information Technology and Soft Skills or AICITSS include Management Skills and IT courses that have been introduced in the new scheme and are in existence since 2017.

Is the statement of marks issued?

Yes. It is sent to the qualifying as well as non-qualifying candidates. Those who applied but did not appear for any of the subjects of CA will not receive it.

What is CA course salary?

Average salary in India ranges between INR6-7 Lakhs per annum. The salary of a CA can go up to an average of Rs 40-60 lakhs depending on his skill and experience. If they get an international posting, they can earn Rs 75 lakhs per year. In recent ICAI placements, INR 8.4 Lakh CA has an average salary.

What are the 3 levels of CA course?

There are three levels of CA course: CA Foundation, CA Intermediate, and CA. CA Final.

 

Final Lines!

Chartered accountants are the professionals who are responsible for auditing, tax consulting, and advisory services. They are trained in public accounting and taxation. There are two types of chartered accountants: certified public accountants (CPAs) and chartered accountants (CAs). CA course 2022 is offered by the Institute of Chartered Accountants of India (ICAI). The course is offered through distance education mode.

We hope the above-given information will be useful for you, if you are looking for more such course articles then stay tuned to www.spinoneducation.com where you will be able to get regularly updated articles.

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