Congratulations on completing your graduation in commerce! As you stand at the threshold of your professional journey, you might be considering various career options to make your mark in the financial world. Becoming a Chartered Accountant (CA) is an esteemed path that promises not only a rewarding career but also recognition as a financial expert. The Institute of Chartered Accountants of India (ICAI) recognizes the potential of recent commerce graduates and offers the Direct Entry Scheme, a fast-track route to becoming a CA without having to go through the CA Foundation level.
In this step-by-step guide, we will walk you through the CA Direct Entry process after graduation, outlining the essential stages, requirements, and opportunities that await you on this remarkable journey. Whether you have always aspired to be a CA or have recently discovered this ambition, this guide will provide valuable insights and the necessary information to help you leap into a successful CA career.
So, if you’re ready to embark on a transformative journey that will propel your career to new heights and open doors to diverse opportunities, let’s delve into the comprehensive step-by-step guide on pursuing CA Direct Entry Scheme after graduation. Embrace this opportunity with enthusiasm, dedication, and a passion for continuous learning, and you’ll be well on your way to becoming a qualified Chartered Accountant, sought after in the world of finance and business.
Eligibility For Direct Entry Route In CA
- Commerce Background graduates with at least a 55% passing percentage.
- Science & Humanities students with at least 60% of passing percentage.
- Students who have passed the CA Intermediate level examination of the Institute of Company Secretaries of India [ICSI] or the Institute of Cost and Works Accountants of India [ICWA]
- Provisional Registration: Students who are appearing for the final year of Graduation can also register under the provisional scheme. With the understanding that he will pass his graduating final exams with at least a 55% grade, a student is permitted to enroll for Inter level during his last year of graduation.
A) He needs to submit proof of being graduated within six months of applying under the Provisional Scheme. B) After being registered under the Provisional Scheme, students can undergo ICITSS training for 4 weeks. If students fail to submit the proof within said period the registration for the course gets canceled, without any refund of fees.
Fees for Direct Entry Route
| Registration Options / Various Charges | Both Group (INR) |
|---|---|
| Registration Fee | 15,000/- |
| Student Activities Fee | 2,000/- |
| Registration Fee as an articled assistant | 1,000/- |
| Total Fees | 18,000/- |
| Particulars | Intermediate level |
|---|---|
| Integrated course information technology | Rs 6500/- |
| Soft skills | Rs 7000/- |
| Articleship for 3 years | Rs 2000/- |
Steps under Direct Entry Scheme:
a. Eligible Graduates and Post Graduates…
- BOS registration (provisional registration allowed to the students doing Final year of graduation). Click here the fill out the form.
- Complete 4 Weeks of ICITSS before starting Practical Training.
- Register for 3 Years of Practical Training in the old scheme & 2 years of training under the new scheme.
- Appear in Intermediate Examination after 9 months of Practical Training.
- Pass CA Inter exams.
b. Students who have taken the Institute of Company Secretaries of India or the Institute of Cost Accountants of India’s Intermediate level exam…
- Complete your 8 months of study time.
- Now appear & pass in either or both Groups of CA Inter Course.
- Complete 4 Weeks ICITSS anytime after registering for Intermediate Course but before initiating Practical Training.
- Register for 3 Years of Practical Training in the old scheme & 2 years of training under the new scheme.
Want to know about CA Inter syllabus for New & Old courses, Check Out the given links:
NEW COURSE
OLD COURSE
Conclusion
Now that you have the necessary information, drive, and love for your chosen career, it’s time to start moving toward your goal of becoming a chartered accountant. Embrace the challenges, celebrate the victories, and stay committed to continuous learning and growth. CA Direct entry is one of the fasttrack methods which is really fulfilling if students are determined. At StudyByTech, we are providing specialized classes for Direct entry students and help to guide & motivate them as and when required.
Wishing you the best of luck on your CA journey! May it be a fruitful and gratifying experience that opens the door to a prosperous and successful career in the financial and accounting industries. Remember that you hold the power to change the future for the better because you have the CA designation. Go forth with confidence and make a difference!
FAQs
Students enrolled in the CA Direct Entry Scheme must present attested copies of their post-graduation and graduation mark statements. Additionally, they will need to turn in their mark sheet from the Institute of Company Secretaries of India or the Institute of Cost Accountants of India’s Intermediate level test.
Direct admission path (post- or after-graduation)
First, register for the CA Intermediate Course. Step 2: Finish an Integrated Course on Soft Skills and Information Technology (ICITSS) for four weeks. You must finish this course prior to beginning your articleship. Step 3: Sign up for a three-year practicum or articleship.
The nine months of required articleship are eliminated for those who choose the Direct Entry path, and an eight-month study time is now required. Students in their final year of graduation or those pursuing post-graduation may register provisionally.
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