CA Exam About

With Masters in Business Administration (MBA), Bachelors in Business Administration (BBA) – a glorifying profession that’s being considered tough for its extensive syllabus and duration, is Chartered Accountancy (CA).

With early mentions in the 1800s, CA is a requirement for any business firm that covers all works of an accountant starting from auditing, accounting, taxation program and finance planning. CA can also extend their services to fund management, investment consultancy and finance sector. CAs can apply for openings like Tax Accountants, Management Accountants, Financial Accountants, Budget Analysts and Auditor.

The profession of CA is referred to as certified public accountant in the U.S.

CA in India

In India, a national professional accounting body called The Institute of Chartered Accountants of India (ICAI) regulates the CA program based on Chartered Accountants Act, 1949 enacted by the Indian Parliament. ICAI is the second largest professional Accounting & Finance body in the world and is also the only licensing regulating body for financial audit and accountancy profession in the country. CAs are members of ICAI abide a set of ethics and professional standards, violation of which is punishable by law. As on the January 2016, the total CA count released by ICAI is 253369.

Headquartered in Delhi, the ICAI has five regional offices in only licensing cum regulating body of the financial audit and accountancy profession in India. Under this, the ICAI has 81 regional operating offices.

Job role of a CA

When contributing to a firm/organization, the role of CA is advisory where they provide professional advice for maximize profit at minimal expenditure. CAs can work in all sectors like government, private, non-profit and more. For commerce, industry and the not-for-profit non-profit organizations and public sectors, a CA may also work in treasury department, procurement, financial management or cater reporting roles.

Successful Indian CA Examples

T N Manoharan — Former president of ICAI

Prannoy Roy – Indian journalist

Piyush Goyal — Member of Rajya Sabha and the Minister of State with Independent Charge for Power, Coal, New and Renewable Energy in the Government of India

Naina Lal Kidwai — the Group General Manager and Country Head of HSBC India

Kumar Mangalam Birla —  Chairman of Aditya Birla Group

Motilal Oswal — Chairman of Motilal Oswal Financial Services Ltd (MOFSL)

Rahman Khan — Former Union Minister of Minority Affairs and former Deputy Chairman of the Rajya Sabha

Traits of a CA

While studying CA will give an extensive knowledge about strategic approach to business accountancy, there are some of the integral traits that all CAs and CA aspirants should have in common.

a) Analytical skill

b) Mathematical knowledge

c) Work with diverse kind of people

d) Alter/negotiate finance plans

e) Advisory and leadership trait

f) Methodical and strategic

g) Political accuracy

 CA Salary

According to PayScale, the average salary of an experienced CA practitioner is Rs. 706,945 in India. Depending on the size and kind of firm a CA officer is working for, the salary will definitely alter. One of the highest salary of CA that became news recently is, Bharti Airtel paying a 22lac package (almost) to two of its Delhi based CA candidate.

 CA Exams

a) Common Proficiency Test (CPT)

b) Orientation Program and ITT course

c) Intermediate (IPC) Examination

d) CA Articleship

e) Final exam of CA