How to Become a Chartered Accountant
Chartered Accountancy is mainly about accounting, auditing and taxation. A chartered accountant is qualified in various phases of finance and accounting. Chartered Accountant helps big corporation and individuals in tax planning and compliance.
Previously it was the condition that one has to be a graduate from any stream including B.com to become Chartered Accountant. But now the candidates who Desire to become Chartered Accountant should completed 12th or should possess Graduation degree, for charted accountant course there is Common Proficiency Test (CPT) which has to be passed.
Who is Chartered Accountant
Chartered Accountant is a highly – prized person who is capable to go straight up to the raised echelons of a corporate, starting to become the chief financial officer or something similar. Now a day’s lots of people trying to get the Online Accounting Degree and Online Accounting Courses but Chartered accountancy is a profession option that’s only growing in size, and it’s evident in the rush of young people aim on joining the profession, because Chartered As today don’t essentially have to be independent.
In the first stage of CPT entrance test the adequate cut-off mark is 50%. Second, it is Integrated Professional Competence Course which is the inter stage. This examination comprises of 7 papers – and this test is into two stage consisting 4 and 3 papers in each. Apart from these there are 100 hours of IT training which includes 35 hours of course training.
Easy Steps to Become a Chartered Accountant
Basically there are three levels of Chartered Accountancy in India:
- Entry Level Test: Common Proficiency Test
- First Stage Of Theoretical Education: Professional Competence Course
- Final Stage Of Theoretical Education: Final Course
Common Proficiency Test (CPT)
Students who have finished their 10th can take part in the CPT. Basically CPT is a type of entry level examination for this professional course. The duration of exam is 4 hours and it includes objective type question and consists negative marking.
Professional Competence Course
Next Round after breaking CPT is Professional Competence Course with Articled Training and ITT. Articled training is a type of practical training, means, in this process candidates works under a chartered Accountant. After successfully completion of Articled Training candidates become eligible for ITT (Information Technology Training) which is of 100 hours.
Candidates who are Graduates in commerce with 50% marks, non commerce Graduates in maths with 60% marks, without maths non- commerce with 55% marks can directly join the Professional Competence Course.
After completion of this ITT contender may schedule for Final Course. When a student clears the Final Course he becomes eligible to join the Institute Of Chartered Accountants Of India.
For more relevant and updated information related to Chartered Accountants candidates are required to visit at our web portal which is bharatrecruitment.com
More Career Options after 10th / 12th / Graduation