CA full form is Chartered Accountant and CA is the highest professional position in the field of finance. Many people think that C.A’s job is only to manage an account but it is not like that a CA has to perform many tasks Such as giving advice, auditing accounts, managing financial records, financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery etc.
The person who has completed the Chartered Accountancy course should be a Chartered Accountant. Chartered Accountancy course is an important and high level course in the field of commerce. This course is conducted by Institute of Chartered Accountants of India. This course mainly deals in accounting, audit (checking of books of account), tax law, corporate and other commercial law, cost accounting and financial management. Management) etc.
How To Become A Chartered Accountant
First Step: As I mentioned above, to become a Chartered Accountant, you have to do CA course and you can do this course in 2 ways after 12th or after graduation. If you start CA after 12th, then CPT (entrance test) has to be given for this.
If you start CA course after graduation, then there is no need to give CPT (Entrance Test) but if Commerce Graduate has less than 55% in graduation and other graduate (Arts, Science) has less than 60% marks in graduation then you have to give CPT.
Second Step: After passing the CPT exam or after graduation (minimum 55% in commerce and minimum 60% marks in others), students need to register for IPCC and Then it would have to pass in all its exams.
Third Step: After passing the 1st group or both groups of IPCC, the student has to register for 3 years of practical training and this training is called articleship. This training is done under the Chartered Accountant.
Fourth Step: You can take the CA final exam 6 months before the completion of 3 years of articleship, in which you have to clear the exam at a very advanced level.
Last Step: After passing the CA Final exam and completing the GMCS program conducted by ICAI, Membership is obtained from ICAI and after that he can place CA in front of his name.
Work Of A CA
- Regular review of financial statements and analysis of risk
- Conducting financial audit to verify the financial position of the firm
- Prepare and maintain accounting statements
- Forensic accounting which involves detecting and preventing fraud
- Provide financial advice related to tax planning, business transactions, insolvency, merger and joint venture.