Best CA coaching in India
CA (Chartered Accountant) – a reputed profession, occupation or designation in corporate world. CA is one of the best career option while choosing commerce stream. Nowadays, everyone who belongs to commerce stream wants to become Chartered Accountant. Chartered Accountant or CA works in every fields of Business and Finance incorporating accounting, auditing, taxation, risk, financial and general management. You can join the best CA coaching in India by registering at Kisalay Commerce Classes.
But, there are lots of questions that every mind asks; why do we choose CA as best career option in Commerce? What are the benefits and how much scope in this profession? How much one can earn as being a CA?
Let me know you the scopes, career option and earning of a Chartered Accountant. Do you know how many companies are registered in India every year? Let me tell you some data about company’s registration in India.
According to MCA– Ministry of Corporate Affairs, there are about 300 company’s registration application reach to MCA office every day in India. Now you can imagine that how much registration is done in one year. I found some data of company’s registration few years back.
At the time of Independence in 1947, about 15000 companies were registered in India. Over next 20 years, on an average, 1000 companies were registered every year in India. During 1970-85 phase, 6000 companies on an average were registered every year. During 1985-2005, about 30000 companies on an average, were registered every year in India. During 2005-2015, about 80000 companies on an average, were registered every year in India.
So, from this data, I am trying to convey you that there are lacs of companies which are expanding their businesses all over world so they also need CAs (Chartered Account) to manage their accounts, financial issues and many more. After GST (Goods & Services Tax) came in action, all companies or organizations must have to give reports of their taxes, investments, and all other account details to the government. To manage these all accounts, each company or organization needs a CA.
Now, I tell you the number of CAs in India. As per the record of ICAI, there are a total of 2,82,153 CAs in India as of 1st April 2018. So, you can imagine that still how much CA we require to handle companies/organizations’ accounts. If about 300 companies are registering every day in India, so in a year, the number will be about one lac. If we assume that more than 90% of companies/organizations will get closed, still there will be about 10000 companies who will be running successfully. It will need about 10000 CAs to handle those companies. Last year, ICAI offers a package min. 7.5 lac/annum to 24.5 lac/annum during placements.
Chartered Accountant is one of the best professions one should choose. CA is in demand of Government bodies as well as private bodies. A G (Accounts General) office in every state is a government body where accounts of government employees are handled. To become a CA is proud in itself. But, to be frank, my dear friends, to become a CA is not so easy. Lots of hard work needs to complete the CA exam. You need extreme focus on your study.
Now the thing is, how you will fight for CA, what are the processes to become a CA. Below are the steps one should keep in mind.
Step 1: Register for CPT (CA foundation) – Candidates need to enroll themselves with the Institute of Chartered Accountants of India (ICAI) for the CPT or Common Proficiency Test after successfully passing the class 10th exam.
Step 2: Appear and pass CPT – Appear for CPT examination after appearing in 10+2 examination and after completion of a period of at least 60 days from the registration date of CPT.
Step 3: IPCC (CA Intermediate) registration – You have to enroll for IPCC (Integrated Professional Competence Course) registration. Aspirants must pass both CPT and 10+2 before appearing for IPCC.
Step 4: ITT and orientation – Candidates need to finish 100hours of Information Technology Training (ITT). Orientation and ITT are to be finished before appearing for Articleship.
Step 5: Appear and pass the IPCC group 1 & 2 exam – You can appear and pass group 1 or both groups (group 1 & 2) of the Integrated Professional Competence Examination (IPCE). You can also attempt group 2 in the next attempt or during Articleship.
Step 6: Register for Articleship – You need to enroll as an Articled Assistant for 3 years under the supervision of Practicing Chartered Account, on appearing in either IPCC group 1 or group II.
Step 7: Register for CA final course – Here, register for CA final course on passing both groups of IPCC.
Step 8: Appear and pass CA final exam – Appear in CA final exam during last 6months of 3 years of Articled training. Pass group 1 as well as group 2 of the CA final exam.
Step 9: Complete Articleship-Complete 3 years of Articled Training.
Step 10: GMCS – Successfully complete the course on General Management and communication skills (15 days).
Step 11: Membership – Enroll as a member of ICAI and designate as a Chartered Accountant.
So, these eleven steps will describe how one can become CA. Follow these crucial steps from the registration of Chartered Accountant (CA). I hope, this article will provide you enough knowledge and information to choose the Best CA coaching in India.