The Institute of Chartered Accountants of India (ICAI) offers a direct entry scheme for graduates who want to become Chartered Accountants. This scheme allows graduates to skip the Foundation level of the CA course and go straight to the Intermediate level.
As a CA Inter Direct Entry student looking to manage the study of both groups effectively, StudyByTech offers an excellent solution to optimize your exam preparation and ensure success in your journey toward becoming a Chartered Accountant.
Who is eligible for CA Direct Entry?
Graduates from Commerce: To be eligible for the direct entry scheme, graduates must have a bachelor’s degree in commerce or a related field from a recognized university. They must also have obtained a minimum of 55% in their graduation degree.
Graduates from others: Students who graduate from Science and Humanities shall have at least 60% marks in their graduation degree.
ICSI and ICWA students: For students who passed the Intermediate level of the Institute of Company Secretaries of India [ICSI] or the Institute of Cost and Works Accountants of India [ICWA].
What is the registration process?
For Provisional Registration for Graduation Final Year:
- Step 1: After submitting adequate proof that they passed the graduation test with the required grades, final-year graduates can provisionally enroll in the Intermediate course and start articleship training.
- Step 2: The proof (Orientation Course and Information Technology) must be submitted within six months of taking the final graduation exam and finishing ICITSS.
- Step 3: Graduates who are eligible for the direct entry scheme can register for the Intermediate level of the CA course at any time after they have graduated. However, they must complete the ICITSS (Orientation Program and Information Technology) course before they can start their practical training.
- Step 4: Once graduates have completed the ICITSS course, they can start their practical training. A CA supervises a three-year apprenticeship in practical training, but under the new revised scheme, students will undergo two years of practical training.
What are the CA direct entry route fees?
Total Fee: ₹18,000
This sum represents the total cost of the CA Intermediate Examinations, encompassing registration, student activities, and Article Assistant registration fees.
Also Read:
https://www.studybytech.com/ca-direct-entry-after-graduation/
Below are the Fee details for the CA Intermediate exams
Registration Fee: 15000 Rs
Student activities fee: 2000 Rs
Registration Fee as an Article Assistant: 1000 Rs
Total fee: 18000 Rs
How hard is CA for direct entry into India?
The difficulty level of CA direct entry in India can vary from person to person. However, it is generally considered a challenging and rigorous process.
CA (Chartered Accountancy) is a prestigious and highly regarded professional course. It demands a deep understanding of accounting, taxation, auditing, finance, and various other related subjects.
Here are some factors that contribute to the perceived difficulty of CA direct entry:
- Vast Syllabus: The CA course covers a wide range of subjects, and the syllabus is extensive. Candidates are required to have a strong grasp of the concepts to excel in the examinations.
- Time Commitment: CA requires significant time dedication for preparation and self-study. It demands discipline and consistent effort to cover the syllabus effectively.
- Examinations: The CA examinations are known for their complexity and challenging nature. They test not only theoretical knowledge but also the application of concepts in real-world scenarios.
- Articleship: Along with examinations, candidates must complete a mandatory period of articleship under a practicing CA. This practical training adds another layer of learning and experience.
- Pass Rates: CA examinations have relatively low pass rates, indicating the level of difficulty and the need for thorough preparation.
However, with the right study plan, guidance, and hard work, it is certainly possible to overcome the challenges. Many aspirants have achieved success in the CA profession by diligently preparing for the examinations and staying focused.
If you are considering CA through direct entry, it is essential to choose reliable study materials and coaching resources. Remember that determination, dedication, and a positive mindset can make a significant difference in achieving your CA aspirations.
FAQs:
Yes, it is a good option for students. It saves time for students after graduation planning to pursue CA.
Form 103, which is used to register for an articleship, must be submitted. Both the CA and the Article Assistant must sign Form 103.
You can use the following platforms to apply for an articleship at Big4:
Websites like Naukri.com, Monster, and LinkedIn’s online job portals are official sites for the Big 4 CA firms. References and connections are effective methods.
Big4 corporations typically give opportunities to students who pass with distinction.
Yes, you can do it by pursuing a CA articleship. But for this, you should be dedicated. StudyByTech provides both Online as well as offline classes for students so that they can study at their pace. That would be beneficial for students who are planning to pursue CA part-time.
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