Best CA Coaching Institute in Coimbatore - ARA EDUCATION
Ara Education is the best coaching centre for CA Foundation, Intermediate, IPCC, CA Final and Professional courses in Coimbatore. From inception we are the No: 1 in results for CPT, Foundation, IPCC, Intermediate & CA Final. Our faculty team consists of highly dedicated and experienced faculties across India.
Chartered Accountant Courses in Coimbatore.
Chartered Accountancy is one of the highest paying professional course for those who are opting for a good financial career. Chartered Accountant (CA) is a financial analyst who specializes in accounting, auditing, taxation, and other related advisory services. The demand for Chartered Accountant is very high in India, One who plans to pursue CA Course must have a dedicated study.
It is better to start the preparation of CA Course after Completing 10th Standard. A person can sit for the exams regardless of his or her age or the number of times he or she has previously taken the CA Exams. Even though CA Course is a self study course it is suggested to get the expert trainers CA Coaching Classes for best results like ARA EDUCATION CA coaching center in Coimbatore. In Southern region especially in tamilnadu the best coaching Institute for CA is ARA EDUCATION, Begin the CA course after completing 10th or 12th grade at ARA EDUCATION the best ca coaching classes near you. Regardless of the Industry a chartered accountant have more opportunities to work which are endless. Every organization needs finance management and chartered accountants for giving best business solutions.
What is CA - Chartered Accountant Course?
A Chartered Accountant is a professional accountant who has been certified by ICAI- Institute of Chartered Accountant of India a Statutory authority prescribed the perquisite for becoming a qualified Chartered Accountant. A Chartered Accountant can be in employment or else can have practice individually in the areas of accounting, taxation, Filing tax returns, keeping investment records, checking financial accounts and corporate procedures, and creating and evaluating financial paperwork and reports are all the major responsibilities of CA. A Chartered Accountant can provide advice to businesses and also individuals. The Institute of Chartered Accountants of India (ICAI) is a statutory body that regulates and maintains the profession of chartered accountancy in India. The Chartered Accountancy program takes about five years to complete.
How to become a CA?
The Institute of Chartered Accountants of India (ICAI) conducts CA exam at three levels – Foundation, Intermediate and Final. Candidates who clear all the three levels are certified as Chartered Accountants
CA course in India consists of three levels:
- CA Foundation (CPT) Level
- CA IPCC Level.
- CA Final Level.
To become a certified Chartered Accountant, a candidate must complete three levels of Exams offered by the Institute of Chartered Accountants of India (ICAI). Only after passing all three levels with the prescribed Article ship training candidate will be Qualified. A student who enters CA Course after Class 12th (through the CA foundation/ CPT Route) could complete the Chartered Accountancy Course in at least 4.5 years. If a student enrolls after graduation (i.e. through the Direct Entry Scheme), the Chartered Accountancy Course could be completed within three years.).ARA Education is the CA Institution in Coimbatore provides CA Career Counseling for the 12th completed & Degree completed Students wherein all your CA course details will be shared. For clarifying all CA course doubts you can book an appointment for CA course Career counseling with ARA Education CA coaching Institute in Coimbatore.
Chartered Accountancy (CA) Eligibility Criteria:
To become a Chartered Accountant, a candidate must complete a training program and pass exams at various levels administered by the Institute of Chartered Accountants of India (ICAI).
CA Foundation Route Eligibility Criteria:
Eligibility to appear for the CA Foundation exam, the candidate must have passed Class 12 and should enroll as a student with ICAI & then should complete four months of study in CA Foundation Course.
Criteria for Eligibility for the CA Direct Entry Route:
For direct entry into the CA Intermediate course, the candidate must meet the following eligibility requirements:
Graduates/postgraduates from the Commerce stream with at least a 55% aggregate or equivalent score can apply for this entry route. They must be studied Accounting, , Mercantile Laws, Auditing, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Corporate Laws, Costing, Business Administration, or Management Accounting, & with the related major as core subjects.
Candidates who have passed the Intermediate level examinations conducted by The Institute of Cost Accountants of India or The Institute of Company Secretaries of India are also eligible for direct Entry of CA Intermediate Course. Candidates who meet these criteria are excluded from taking the Foundation course and can enroll in the Intermediate course directly.
Can a non-commerce student become CA- Chartered accountant?
Yes, Graduates and postgraduates from non-commerce fields must have received at least a 60% aggregate or equivalent grade in any recognized university (including Open University). For pursuing CA Course.
On a provisional basis, candidates in their final year at College can enroll in the Intermediate course. Such candidates' registration would be regularized only if they submitted their final year mark-sheet or passing certificate within six months of appearing in the final year graduation examination. Provided a student can attend the ICITSS (Orientation Course and Information Technology) a training program which is mandatory for pursuing CA Intermediate Course. And it can be completed within the provisional registration period.
CA Course Training Structure
IIT & Orientation
Candidates interested in becoming a CA must complete an Information Technology Training and Orientation program. The program introduces you to the essential skills and knowledge of the Accounting industry. The only major concern regarding the ITT and orientation is their registration process. Hence, it becomes important to apply for the ITT and orientation program prior to registering for the Articleship.
Articleship
Articleship is a critical part of the procedure of how to become a Chartered Accountant because it equips students with vital exposure to the Accounting industry. Those aspiring to work as CA are required to register for article assistance for a period of 3 years with any practicing chartered accountant. To begin with, individuals can start working in financial and accounting firms which will provide them with a real-time experience of handling clients and executing financial programs. Gaining proper professional experience, you will be deemed qualified for the final CA exam.
CA Exam Structure
The Institute of Chartered Accountants of India (ICAI) a Conducts CA exams in India and certifies candidates as qualified Chartered Accountants when they complete the three-level course. During the Chartered Accountancy program, a student will need to appear for the following exams for completing the CA course:
- CA Foundation Examination (earlier known as Common Proficiency Test or CPT)
- CA Intermediate (Integrated Professional Competence or IPC) Examination
- CA Final Examination
The Foundation exam, also known as the Common Proficiency Test, is the first step in the CA program, followed by the Intermediate and Final exams. The CA Foundation, Intermediate (IPC)E, and Final exams are held in the month of May and November twice a year. Click here for all about ICAI EXAMS
CA Syllabus and Subjects 2024
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CA Level
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Subjects
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CA Foundation
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1. Accounting
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2. Business Law
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3. Quantitative Aptitude
Business Mathematics
Logical reasoning
Statistics
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4. Business Economics
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CA IPCC
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1. Accounting
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2. Corporate & other Laws
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3. Cost & Management Ac
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4. Taxation
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5. Advanced Ac
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6. Auditing and Assurance
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7. Enterprise Information System & Strategic Mgt
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8. Financial Management & Economics for Finance.
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CA Final
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1. Financial Reporting
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2. Strategic Financial Management
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3. Advanced Auditing and Professional Ethics
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4. Corporate Laws and Economic Laws
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5. Strategic Cost Management and Performance Evaluation
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6. Electives
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7. Direct Tax Laws and International Taxation
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8. Indirect Tax Laws
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CA Job Scope
In India, Chartered Accountants (CAs) are in high demand, with a wide range of employment options ranging from entrepreneurship to working in private businesses and government agencies. The capacity of chartered accountants to expand is also impacted by their ability to stay abreast of new and developing technology and practices. A Chartered Accountant, hold influential positions in the organizations and companies in the capacity of filing business tax returns, auditing business practices and financial statement and sometime offering services involving financial advices to the clients. It also depends upon the area of focus, for the firm or the organization. Working in all sectors of the economy, from public to private sectors, they provide their financial and strategic expertise for the management of business. Furthermore, for a variety of reasons, Chartered Accountants in India enjoy a sense of work security and a variety of prospects. In the private sector, the types of positions accessible for CAs are mostly dictated by the company type and location. Large corporations have more job openings in more sophisticated and specialized skill sets.
CA Course New Syllabus 2024: All about ICAI CA New Syllabus
The draft of the new education and training programme is pending for approval and revisions. ICAI has requested suggestions from the fraternity members regarding the draft new Scheme.
The Institute of Chartered Accountants of India (ICAI) has proposed new Scheme of Education and Training in the year 2024
ICAI CA New Scheme 2024 - The ICAI recently recommended a new education and training programme to begin in June 2024. The three levels of the CA Course and the three years of practical training have undergone various adjustments under the redesigned educational plan.
CA Course New Syllabus, Subjects, Pattern, Eligibility, Training, Passing Criteria 2024
The revised CA syllabus for 2024 combines certain examinations from all three levels while removing others. The new model also shortens the CA articleship time from three to two years.
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CA Course 2024 ICAI
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CA Course New Changes 2024
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CA Foundation
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4 Subjects from 6 Subjects
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CA Intermediate
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6 Papers (3 in each Group)
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CA Articleship
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Period Reduced from 3 to 2 years
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CA Final
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6 Papers (3 in each Group)
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Difference between CA New Syllabus 2024 and Old Syllabus Comparison
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Aspect
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Existing
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Proposed
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Commencement of Articleship
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Foundation Route: After passing either or both the groups of Intermediate along with completion of Integrated Course on Information Technology and Soft Skills (ICITSS).
Direct Entry Route: After registration to Intermediate Course and completion of ICITSS.
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Foundation and Direct Entry Route: After passing both the groups of Intermediate and completion of ICITSS.
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Duration
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3 Years
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2 Years
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Leave
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1/7th of the period of Articleship.
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12 leaves in a year.
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Industrial Training
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Last 9 to 18 months of Articleship.
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Last 9 to 12 months of Articleship.
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Eligibility to appear for CA Final Exams
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After completion of 2.5 years of articleship.
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After 6 months from the date of completion of articleship.
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Training after CA Final Exams
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6 months after attempting CA Final Exams if the period of 3 years of articleship is not completed before attempting CA Final Exams.
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1 year under a Fellow CA in practice, after passing both groups of CA Final Exams, only if applying for Certificate of Practice.
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CA Foundation New Syllabus 2024
Currently, the CA Foundation syllabus comprises of 6 subjects and 4 papers. Now, in the new scheme, ICAI removed 2 subjects: Business Correspondence & Reporting and Business & Commercial Knowledge
CA Intermediate Course New Syllabus 2024
There will no longer be 8 examinations in the CA Intermediate course; instead, there will only be 6 papers as per the new new revision.
CA Final Course New Syllabus 2024
The ICAI has decreased the number of CA Final papers from 8 to 6 in the CA New Scheme 2024. There are currently 2 groups, each of which will include 3 papers
CA Self-paced Modules ICAI 2024
ICAI has introduced the self-paced modules under the new scheme of education and training. Students can study these modules at their own pace and give online exams.
The self-paced modules are divided into four sets: Set A, Set B, Set C, and Set D.
To become eligible for the CA Final exams, students have to clear these 4 sets. To clear these modules, they have to score more than 50% marks in each module
Eligibility for CA Articleship, 2024
According to the CA New Scheme 2024, students must pass both the CA Intermediate group exams and the ICITSS training to be qualified to begin the articleship training.
The change will be advantageous to the student because they can now completely concentrate on their practical training without having to worry about studying for exams.
Stipend for CA Articleships 2024 syllabus
Many students frequently lament the meagre pay they get for their CA Articleship. ICAI has thus agreed to increase the stipend by 100%. This change will be very much welcomed by the students, the stipend paid to article assistants presently will be doubled under the new scheme, i.e. 100% increment in the existing payment.
Leaves for CA Articleship 2024 New syllabus
The ICAI has decreased the amount of leaves because students are not required to take tests during the practical training. Only 12 leaves are permitted for students every year, for a total of 24 leaves across two years.
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Aspect
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Proposed
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Existing
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Commencement of Practical Training
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Foundation Root And Direct Entry Root
After passing both the groups of intermediate and completion of ICITSS
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Foundation Root
After passing either or both the groups of intermediate and completion of integrated course on information technology and softskills(ICITSS)
Direct Entry Root
After registration in intermediate and completion of integrated of ICITSS course
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Duration
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Two Years
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Three Years
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Leave
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12 leaves in a year
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1/7th of the period of practical Training
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year, for a total of 24 leaves across two years.
Revised CA Course Details 2024
- Students can opt an option to undergo industrial training in the last 9 to 12 months of their practical training.
- The Soft Skills training will be twice in the course, once before starting the practical training and another one before appearing for Final examination. The Information Technology training should be completed before appearing for Final examination.
- The members of Institute of Chartered Accountants of India desirous of taking Certificate of Practice (COP) have to undergo One year post qualification work experience in a Chartered Accountants Firm. This requirement can be done away with if the member has worked with any Fellow Chartered Accountant Firm for one year in last 5 years before making such application of COP.
- The Four Self- Paced Modules are interesting additions in the Course where First and Second Module is compulsory online module designed by the Institute of Chartered Accountants of India, namely, Economic Laws & Strategic Cost Management and Performance Evaluation. The Third and Fourth Modules are optional online modules, where students are supposed to choose from the various alternatives available.
- Candidates can enter into Intermediate Course through Direct Entry Route also. Following candidates are eligible for Intermediate Level through Direct Entry Route: Candidates who have qualified the Intermediate Level examination of Institute of Cost Accountants of India or Institute of Company Secretaries of India.
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CA Level 2024
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No. of subjects in Old Scheme
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No. of subjects in the Revised Scheme
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Remarks
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Foundation
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4
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4
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The reduction in number of subjects i.e.2 at each level is compensated by the introduction of 4 self-paced learning modules.
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Intermediate
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8
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6
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Final
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8
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6
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