CAFC

1)Eligibility

Before filling the form, one must pay heed to certain eligibility criteria that are rudimentary to the application process. The ICAI requires the following conditions to be completed before one appears for the CA foundation: 

• The candidate must have completed their 10+2 examination i.e. senior secondary level or its equivalent from a recognized board or university. 
• Applicants must complete a rigorous training period of 4 months and register by 31st June (for the November exam) or 31st December (for the May exam). This is done so as to establish that only focused candidates appear for it. 

2)Dates of Registration

CA Foundation course is conducted twice a year — in November and May.

While the last date of CA Foundation registration for the May & November 2021 sessions are closed, the registration for the May 2022 session is open for interested candidates

Last date to register for the CA foundation 2022

course and BOS (May/June Session)1 Jan 2022 (Open)Last date to register 

for the CA foundation 2022

course and BOS (Nov/Dec Session)1 Jul 2022 (Open) 

3)Exam pattern

The CA Foundation exam has a stringent exam pattern. Paper 1 and Paper 2 must be completed in 3 hours. Paper 3 and Paper 4 must be completed in 2 hours. 

4)Subjects

• Paper-1: Principles and Practice of Accounting
• Paper-2: Business Laws and Business Correspondence and Reporting
• Paper-3: Business Mathematics, 
• Logical Reasoning and Statistics
• Paper-4: Business Economics and Business and Commercial Knowledge

5)What is CA Stages in becoming a CA

The Chartered Accountancy Course and Profession in India is regulated by The Institute of Chartered Accountants of India (ICAI), New Delhi.

Step by step procedure :

C. A. Course comprises of 4 Important Levels

1) Common Proficiency Test (CPT)

2) Integrated Professional Competence Course (IPCC)/IPCE

3) Three years Article ship/ Training under a Practicing C.A

4) C. A. Final

The requirements for becoming a chartered accountant are as follows:

Register for CPT:

Register with the Institute of Chartered Accountants of India (ICAI) 

for Common Proficiency Test (CPT) after passing class 10th examination.

6)Job profile in company

We are looking for a highly qualified chartered accountant with years of experience to lead a team of accountants. The chartered accountant is responsible for implementing accounting systems and processes, preparing monthly financial reports, controlling the master data of the general ledger, and ensuring compliance with the state revenue service.

To be successful as a chartered accountant, you should possess a stable working track record, excellent oral and written communication skills, and be highly knowledgeable in the broad spectrum of accountancy accounting practices. You should also be certified and accredited with the relevant association and governing body.

7)Salary Expected

A CA's salary depends on his skill capabilities and experience. Salary packages of a CA are listed below.

Least Package

The minor salary per annum in India for a CA is estimated at INR 3lakhs. This is a good starting salary for freshers. However, the CA who has done exceptionally well in the CA-Final Examination or has built a brand for themselves could earn the highest starting salary for CA.

The Chartered Accountant salary for an International Posting is between INR 9-18 lakhs pa, and the public sector could pay INR 10-20 lakhs p.a. Indian Business giants offer between 6-9 lakhs pa.

8)Market Demand

Demand for chartered accountants (CAs) has gone up substantially this year as companies are looking for people who can be a complete business solution provider adhering to all available tax laws. According to a report in the Times of India, there has been a 37% increase in demand for CAs this year, leading to an increase in their pay package also. In a first-ever virtual campus placement program concluded last month, 2,923 jobs were offered for fresher CAs compared to 2,135 in the previous year. The average annual salary offered also rose to Rs 8.9 lakh from Rs 7.4 lakh last year, the publication mentioned.