How to become CA after 12th
Introduction
A Chartered Accountant
What is your reaction after you hear about it? affirmative Of course! you would like to grasp all regarding the CA. a way to become a CA when twelfth is that the common question? If that’s so? Then, this is often the proper article supplying you with the data of the CA -Eligibility, Qualification, Syllabus, and Preparation.Have you set your ambition in your life to become a controller? however don’t apprehend wherever and the way to begin the preparation for a leased bourgeois Course. what’s the eligibility, qualification, and once begin|to start out|to begin}? square measure the large Question marks to start and crack the CPT examination. The CA (Chartered Accountant) is one amongst the respectful and difficult career fields. CA could be a sensible possibility for teaching in Bharat. A controller could be a member of ICAI. The membership may be continuing through the prescribed fees or yearly payment.
About CA
A Chartered Accountant is an accounting professional. His main role and responsibility is to look forward to the financial statements of the businesses, tax returns, audits, and at the same time advise the clients on the financial terms of the business. A person to become a chartered accountant has to pass 3 qualifying levels of the examination. After the candidate passes one level he is eligible for another. The three levels of the examination are CPT, Intermediate exam, and Final exam
Course and duration
It takes 5 years to complete the CA course. By the year 2006, the ICAI had launched the three levels of this course.
- CPT (Common Proficiency Test)
- IPCC (Integrated Professional Competence Course)
- FC (Final Course)
The CPT is the entry-level foundation course that involves the quantitative aptitude test, general economics, mercantile laws and accounting.
The IPCC has two groups. It covers the working knowledge of the core subjects. It is specially designed to improve the knowledge of accounting standards.
The CA final course covers the advanced knowledge of financial reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing.
The students who had cleared their plus two examinations can go for the foundation level test conducted by the ICAI. After passing the group 1st, the students have to undergo the on-job training period of 3 years called “articleship” with an audit or accounts firm.
After completion of the articleship, the student can appear for the final course. The GMCS (General Management and Communication Skill Course) is the 15 days mandatory training course introduced in 2003.
Chartered Accountancy subjects, mostly deal with studies such as budget planning, market research, planning of policies, management of working capital of an organization, etc.
This is the first level of a Chartered Accountant. Generally, it is conducted in the month of May and November approximately.
CPT Exam Pattern
| Exam Mode | CPT is a pen-paper test |
| Marks | 400 marks |
| Duration | Paper 1 & 2 – 3 hoursPaper 3 & 4 – 2 hours |
| Language | The candidate can choose Hindi or English language |
| Negative Marking | Paper 1 & 2 – No negative markingPaper 3 & 4- 0.33 is the negative marking |
| Question Paper Type | Paper 1 & 2 – SubjectivePaper 3 & 4- Multiple Choice Questions(MCQ’s) |
CPT Syllabus
| Paper | Subject | Marks | Duration |
| Paper 1 | Principles & Practice ofAccounting | 100 marks | 3 hours |
| Paper 2 | Business Law & Business Correspondence(Business Law) (Business Correspondence) | 60 marks40 marks | 3 hours |
| Paper 3 | Business Mathematics, LogicalReasoning & StatisticsBusiness MathematicsLogical ReasoningStatistics | 40 marks20 marks40 marks | 2 hours |
| Paper 4 | Business Economics &Business-Commercial KnowledgeBusiness EconomicsBusiness -Commercial Knowledge | 60 marks40 marks | 2 hours |
Passing Criteria & Cut off
- The candidates should secure marks prescribed by the ICAI
- A candidate should secure a minimum of 30 % marks in each section
- And the average minimum marks of 50% in both sections
- No reservation system is followed for the CPT exam. The candidates qualify for this examination irrespective of their OBC/SC/ST category. In short, it is totally on a merit basis.
Cut Off
| Subject | Cut off for CPT |
| Fundamentals of accounting | 30% of 60 marks |
| Mercantile laws | 30% of 40 marks |
| General Economics | 30% of 40 marks |
| Quantitative Aptitude | 30% of 50 marks |