How to pursue Chartered Accountancy Course (CA Course)

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The CA Degree in India is awarded by the Institute of Chartered Accountants of India (ICAI). The Head Office of ICAI is based in New Delhi and it has its Regional Offices in all states in India. A person interested in registering for the CA Course can either register at the Head Office or register at any of the Regional Offices.

A person interested in pursuing the CA Course can enrol himself either through

  1. CPT Route after Class XIIth
  2. Direct Entry Scheme after Graduation

CA Course after Class XIIth through CPT Route

A person interested in enrolling for the CA Course after Class XIIth would be required to appear for CPT Exam. CPT Exam is held twice every year in the month of June and Dec and the last date for submitting the CPT Exam Form is April/Oct respectively.

However, before submitting the CPT Exam Form, a person would first be required to register himself for CPT. If a person has appeared for Class XIIth Exams, but the Results have not been announced, he can apply for provisional registration for CPT and would be required to furnish the mark-sheets on passing the Class XIIth Exams.

Out of every 100 students who appear for CPT Exams, approx 35 students are successful in clearing the CPT Exams.

Once a person has been declared as passed in CPT Result, he would be required to register for IPCC. After 9 months of study period after registering for IPCC, a CA Student would be eligible to appear for IPCC Exams. IPCC Exams are held twice every year in the month of May and November.

Once a person is declared as passed in the IPCC Result, a CA Student has to complete the 100 hours ITT Course and 35 hour Orientation Course before starting the 3 years of articleship training. Out of every 100 Students who appear for IPCC Exams, approx 10% are able to clear both groups of IPCC in the 1st Attempt.

Such students are also required to register for CA Final. CA Final Exams are also held twice every year in the month of May and November. On clearing CA Final Exams and on successfully completing the GMCS – I & GMCS –II trainings, a person is awarded a Chartered Accountancy Degree by ICAI. Out of 100 Students who appear for CA Final Exams, approx 5% are able to clear both groups in the 1st attempt.

The whole procedure for pursuing the CA Course through the CPT Route has been explained in the following image:-

CA-Course-CPT

You may also refer this infographic on How to become a Chartered Accountant in India – Infographic on How to become a Chartered Accountant in India.

CA Course after Graduation through Direct Entry Scheme

A person can also enrol for the CA Course after Graduation and avail the benefit of CPT Exemption. Students joining the CA Course after successfully clearing Graduation with the specified percentage of marks are exempted from appearing for CPT Exams and can directly start their articleship and appear for IPCC Exams.

Chartered-Accountancy-Course

Students enrolling for the CA Course after Graduation are required to undergo the CA Course in the following manner:-

CA-Course-Graduation

 

For more details on How to pursue the CA Course after graduation, kindly refer this article on Direct Entry Scheme for Graduates and CPT Exemption

CA Students enrolled for the CA Course through the Direct Entry Scheme would be eligible to appear for IPCC Exams after completing min 9 months of Articleship Training. Before starting articleship, a person would be required to complete 100 hours of ITT and 35 hours of Orientation Program.

Duration of the Chartered Accountancy Course

The minimum duration of the Chartered Accountancy Course for a person joining after Class XIIth (i.e. through CPT Route) is 4.5 years.

The minimum duration of the Chartered Accountancy Course for a person joining after Graduation (i.e. through Direct Entry Scheme) is 3 years.

There is no maximum duration of the Chartered Accountancy Course as the restriction on max no. of attempts has now been removed and a person can appear for the exams irrespective of his age and irrespective of the no. of times he has already appeared for the CA Exams.

Comparison between CPT Route and Direct Entry Scheme in CA Course

S. No. Particulars CPT Route Direct Entry Scheme
1 Eligibility After Class XIIth After Graduation
2 Exemptions No Exemptions CPT Exempted
3 Minimum Duration of the CA Course 4.5 years 3 years
4 Eligibility to start Articleship After clearing Group I of IPCC Immediately on joining
without clearing IPCC Grp I
5 Eligibility to appear for IPCC After 9 months of Study after CPT After 9 months of Articleship

It is to be noted that the CA Course is a self-study course and the Student is not required to mandatory attend any classes for the same. However, in case the student intends to take classes, he can enroll himself for classes conducted by ICAI or for classes from any other CA Coaching Teacher.

A Personal Finance enthusiast, Karan is the founder of charteredclub.com and loves to discuss about Money related matters.