Chartered accountants are professionals who work in various sectors of the economy, managing an entity's finances, providing financial advice and helping with money management. This can be for a business, individual or government. The simple reason to build a career in chartered accountancy is that it is a very well-paid and secured profession. The whole world runs on money, and every business needs someone to manage their finances, help in filing taxes and do audits.
Tycoon offers world-class training to CA aspirants at all three levels of the CA program: CA foundation, CA intermediate and CA final. The training and course material is designed by founders who are titans in their respective professions. Tycoon CA is a unique course in the entire India where two triple-qualified professionals are engaging themselves to teach and mentor CA aspirants.
To get the CA degree, candidates must clear the CA exams conducted in three stages – Foundation, Intermediate and Final. All these exams are conducted by the Institute of Chartered Accountants of India (ICAI)
To complete the CA Course, candidates must clear the CA exams conducted by the Institute of Chartered Accountants of India (ICAI) in three stages – Foundation, Intermediate and Final. At each level of the CA Course, a candidate has to get themselves enrolled/ registered with ICAI. After such registration, once the requisite period of study and the necessary training is completed, the candidate can appear for the respective level examination by filling out a separate examination form.
Eligibility Criteria for Registration:
Foundation Course is the first level in Chartered Accountancy Course.
After passing the Class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent, students can provisionally register for the Foundation Course.
Note: Although registration can be done after the Class 10th examination, students can appear in the Foundation Examination only after appearing in the senior secondary (10+2) examination. Once the student clears Class XII exams, their provisional admission to the Foundation course will be regularized on uploading the XII Marksheet.
1.Through CA Foundation Course: To register for the Intermediate Course, candidates must successfully clear the CA Foundation examination.
2.Through Direct Entry: Some candidates are exempted from passing Foundation courses and can directly register for Intermediate courses through the Direct Entry scheme. They include:
l. Commerce stream graduates or postgraduates with a minimum of 55% marks;
ll. Other stream graduates or postgraduates with a minimum of 60% marks;
lll. Candidates who have passed the Intermediate level of the Institute of Companies Secretaries of India (ICSI) or the Institute of Cost Accountants of India (ICMAI).
Note: Students who are pursuing the final year of the Graduation Course can also register for the Intermediate Course on a provisional basis, and they must submit proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year Graduation examination.
Candidates must qualify for both groups of the Intermediate examination to register for CA Final Course.
Yes, the minimum educational qualification required to get admission in the CA Foundation course is passing the Class X examination from any recognized board. Thus, a student can provisionally register for the Foundation Course after passing the Class X examination and can appear in the Foundation Examination after appearing in the senior secondary (10+2) examination (either from commerce or any other stream).
CA Foundation Route, after clearing Foundation examination successfully, or Direct Entry Route in which he/she may be a Commerce or any other stream graduate/ post graduate with a specified minimum percentage of marks or has passed the Intermediate level of ICSI or Such candidates are exempted from passing Foundation Course and can directly register for Intermediate Course.
Thus, even a non-commerce student can pursue the CA Course.
Paper-1: Principles and Practices of Accounting (100 Marks)
Paper-2: Business Laws and Business Correspondence and Reporting (100 Marks)
Part I: Business Laws (60 Marks)
Part II: Business Correspondence and Reporting (40 Marks)
Paper-3: Business Mathematics and Logical Reasoning and Statistics (100 Marks)
Part I: Business Mathematics (40 Marks)
Part II: Logical Reasoning (20 Marks)
Part II: Statistics (40 Marks)
Paper-4: Business Economics and Business and Commercial Knowledge (100 Marks)
Section A: Business Economics (60 Marks)
Section B: Business and Commercial Knowledge (40 Marks)
Paper-1: Accounting (100 Marks)
Paper-2: Corporate Laws & Other Laws (100 Marks)
Part I: Company Law (60 Marks)
Part II: Other Laws (40 Marks)
Paper-3: Cost and Management Accounting (100 Marks)
Paper-4: Taxation (100 Marks)
Section A: Income-tax Law (60 Marks)
Section B: Indirect Taxes (40 Marks)
Paper-5: Advanced Accounting (100 Marks)
Paper-6: Auditing and Assurance (100 Marks)
Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)
Part I: Enterprise Information System (50 Marks)
Part II: Strategic Management (50 Marks)
Paper-8: Financial Management and Economics for finance (100 marks)
Part I: Financial Management (60 marks)
Part II: Economics of Finance (40 marks)
Paper 1: Financial Reporting (100 Marks)
Paper 2: Strategic Financial Management (100 Marks)
Paper 3: Advanced Auditing and Professional Ethics (100 Marks)
Paper 4: Corporate and Economic Laws (100 Marks)
Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6: Electives (100 Marks)
6A: Risk Management
6B: Financial services and Capital markets
6C: International Taxation
6D: Economic Laws
6E: Global Financial Reporting Standards
6F: Multidisciplinary case study
Paper 7: Direct Tax Laws and International Taxation (100 Marks)
Paper 8: Indirect Tax Laws (100 Marks)
Many students from commerce and other streams enroll for the Chartered Accountancy course every year. There are various reasons why a significant number of students register for the course, one of which is the high demand for Chartered Accountants in India who are paid for their expertise. Moreover, the overall expense that has to be incurred for completion of the Chartered Accountancy Course is much lesser than many other professional courses in India.
The CA Course takes approximately five years to complete, with a total course fee of around Rs. 1,90,000 to 2,90,000 (including coaching Centre fees). Suppose a candidate does not opt for a separate coaching institute. In that case, the overall expenditure comes down to approximate Rs. 85,000 to 90,000, which includes all expenses such as registration fees, examination fees and training fees.
To qualify for the CA Foundation exam, candidates must secure a minimum of 40% marks in each paper and an aggregate of 50% in all four papers.
For CA intermediate and Final, A student/ candidate may appear for both the groups together or individually. He/she is declared to have passed the Intermediate or Final examination if he/she passes both the groups. For passing a group, the criteria are as follows:
A student shall be declared to have passed in a group if he/she secures at one sitting a minimum of 40% marks in each group paper and a minimum of 50% marks in the aggregate of all the papers of that group.