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Scopes of CA Profession in India | CA Examinations

            CA Professions and its Scope in India



In a view of the increasing progress day by day, the needs of people have also started increasing. So they want to keep their standard of living high along with their needs.

It is very important in today’s world to earn good money and respect. So it is very important to have good skills to do all this.


Different  professions have their own value and respect among people, in the country. Among the several professions, today we are going to know about the Chartered Accountants. A Chartered Accountant is a person who is a specialist in related fields like Auditing, Accounting, and Taxation.


Though Chartered Accountancy is considered as one of the toughest courses, it is the most demanding profession in today’s world.



Scopes for CA


 There is a good demand for Chartered Accountancy professionals in India within Private as well as Public organizations. He is responsible for corporate and management caretaker.


Chartered Accountants work in all fields of businesses and finances, including auditing, taxation,financial and general management. As money management is essential in every field of business, it is necessary to have a Chartered Accountant to handle it.


The followings are the several career scope in India for Chartered Accountants:


  • Professional Auditors

  • Share Valuers 

  • GST Experts

  • Corporate Financing

  • Financial Reporting

  • Management and Corporate Consultancy

  • Tax Advisor

  • Company Liquidator

  • Management Accounting  


Irrespective of above scope, CA is also considered as a good entrepreneur as he has wide knowledge of business and finance.


Scope for CA in International Level


There is lots of demand for Chartered Accountants in a foreign countries also. Indian CA can get a Job in countries like USA, UK, Canada or many other countries simply by giving a few more exams in such countries. 


It is easier for CAs  to get jobs in UAE. There you do not need to give exams like those in the above countries. Many Indian CA are practising in Dubai and many countries of UAE with high paid remuneration.


About CA Examinations


Institute of Chartered Accountants of India (ICAI) conducts CA examinations, twice in a year, in May and November. On completion of these three levels of course, ICAI certifies the candidate as a qualified Chartered Accountant. These examinations are :


  1. CA Foundation : CA Foundation is the entry level course of CA exams. Candidates can appear in this exam after giving examination of 12th standard whether or not the result has been published. In this level, there are only four subjects where two subjects are subjective and two are objectives. In subjective subjects, you have to write your paper in paragraph format. But in objective subjects, you will be provided Multiple Choices Questions (MCQ), where you have to choose one among the given four as your answer.


  1. CA Intermediate : CA Intermediate is vast level than Foundation. In this level there are eight papers altogether under different subjects. Even though most of the students passed the foundation level, they feel quite difficult at this level. Four papers are subjective having 30% objective questions are asked in the exams and four are practicals. The student coming after doing B.com can choose as a direct entry and appear in this level exams.  


  1. CA Final : CA Final is too vast than the CA Intermediate. At this level also, there are 8 papers on different subjects. Students should be doing their internship at this level for 2.5 years before appearing in the CA final exams. Students are also enhanced with other certain extended level training conducted by ICAI. Students who crack this level will get the CA degree by ICAI.


           “CA is not just a profession, it is life style”

 



How to crack CA exams


It is always said that you have to lose something to achieve something. So if you love this profession and want to become a Chartered Accountant, then you have to keep a few things in mind.


  • Proper study plan

  • Revise every day what you’ve read yesterday.

  • Stay up-to-date

  • Stay focused

  • Sacrifice your desires

  • Stay positive and Motivated

  • Follow same routine everyday

  • Follow proper guidelines



“ Work on so hard that one day your signature will be called as an Audited Financial Statements”


Conclusion


Indian Chartered Accountants followed the proper Code of Ethics given by the ICAI. In Spite of being the toughest course, it will definitely provide you with a good source of Income as well as greater dignity. The prefix  provided as CA before your name alone earns so much respect for you because of this profession.


Visit the site, icai.org , if you want to become a Chartered Accountant.
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