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CA full form is Chartered Accountant. A CA works in the sectors of business and finance and is responsible for financial and general management, taxation, accounting, and auditing. The ICAI (Institute of Chartered Accountants of India) regulates more than 2,70,000 CAs in India. These CAs can either practice privately or work for the government or private organizations.
Eligibility Criteria Of Chartered Accountant
ICAI offers a CPC course to candidates interested in the subject of CA. Following are the CA eligibility requirements:
- Candidates should have completed their 10th and 12th level qualification exam from a recognized education board or similar examination.
- The Candidates are eligible to appear in the CA CPT examination if they have a bachelor’s or master’s degree in commerce with at least 55%.
- Candidates with a bachelor’s degree or master’s degree in non-commerce streams are free to appear in the entry-level exams if their overall percentage is at least 60%.
- After completing the CA foundation course, to qualify for the CA final examination it is necessary that the candidate serves as an Article Assistant for three years.
Work Of CA
The main task of a chartered accountant is to guide a company on financial matters. Following are some other essential tasks carried out by a CA:
- Monitors and analyzes financial statements regularly.
- Performs financial audits and keeps a check on the company’s economic performance.
- Preparing and retaining account statements.
- Performs forensic accounting in order to identify and prevent theft.
- Provides business transactions, insolvency, merger, tax planning, and joint venture financial advice.