A Guide for Aspiring Chartered Accountants

For individuals studying business in their final years of schooling, chartered accountancy has long been a popular career choice. It is typically chosen by students who excel in mathematics and accounting. Most of these students want to be chartered accountants, a career that requires extensive training in addition to academics. Get More Information
A student can begin the admissions process as soon as they finish their high school examinations. They must go to the Institute of Chartered Accountants of India for this. This organisation, which is headquartered in New Delhi, has branches in four additional cities: Calcutta, Kanpur, Chennai, and Mumbai. Students must visit one of these branches and complete the admission process according to the institution’s guidelines.
This chartered accountant course appears to be extremely extensive. It requires you to go through the several phases, beginning with the CPT (Common Proficiency Test).
The path forward:
Common Proficiency Test (CPT):
It is the first step in the process, and the student must take a common exam. It’s an introductory exam that covers four topics: accounting, mercantile law, general economics, and quantitative aptitude.
Course on Integrated Professional Competence (IPCC)
After passing the CPT, you move on to the IPCC, which is the first level. It is the first level of the CA curriculum, and it is divided into two groups. A student may study and prepare for both of these groups at the same time. They can choose to appear for these groups one by one or all at once. IPCC modules are designed to enhance accounting courses in accordance with professional accounting standards. Students will learn about business communication, business strategies, taxation, information technology, and auditing during this course.
Article-ship
This is one of the most important stages of the CA curriculum that all students must complete. After passing the first group of IPCC, every CA student enters article-ship, which is a professional training programme. This includes some guidelines that must be adhered to. An agreement must be signed before to the start of any article-ship. It is a professional development programme for CA students in which they are introduced to the technical aspects of various assignments. During this training, they are also paid a stipend.