RELEVANCE & IMPORTANCE OF CA

An efficient system of calculation regarding financial matters is inevitable for the success of an individual, an organization or even for the growth of a nation. Therefore, an accounting professional who can provide guidance in such calculations can contribute much in providing such a valuable service to the members of the society and to the nation as a whole to a greater extent. A chartered accountant checks the accounting, auditing, and taxation of an organization, provides necessary advice, and submit reports to the government authorities and management.

In the above scenario, the CA course assures the following:

1. Ample opportunities
2. Higher remuneration (ranging from24 LPA-domestic to 50 LPA-international)
3. Respectable position
4. Self-earning

Charted accountants can practice independently or work in public and private sectors in the following roles:

1. Act as Statutory Auditor of Public Limited Companies and Private Limited Companies.

2. Can be appointed as Statutory Auditor/Branch Auditors of Banks, Insurance Companies and Other Public financial institutions.

3. Can be appointed as Auditor of Co-operations/Municipalities and other Government Institutions.

4. Can undertake management audit of various companies and other institutions.

5. Can act as Financial Advisor of various Institutions.

6. Can do consultancy services in the field of commerce and tax matters/mergers etc.

7. Can prepare project reports and financials of various Financial Institutions.

8. Can give service in the line of tax matters (Income tax, GST etc.).

9. Can give services in the line of Investments.

10. Can be appointed as Tax Auditor (U/s.44AB of the Income tax Act) of various Companies and Partnership Firms.

11. Give services in the line of Export/Import for Companies and Other Institutions.

12. Can act as Internal Auditor of various Companies and Large size Institutions.

13. Give services in the line of incorporation of Companies, Partnership firms, Trusts, clubs etc.

14. File Income tax Returns for the public at large including firms, Companies, trusts etc. 15. Act as Finance Manager in Large size Companies and institutions including banks.

16. Can help for implementing internal controls in the financial area for various companies and large institutions.

17. Can conduct Forensic audit for Large Institutions.

There are no conventional colleges teaching this course. The Charted Accountancy course is administered in India by the Institute of Charted Accountants of India (ICAI), a statutorily authorized body established by the parliament in 1949.

Preparations can be started from Plus - one level.

There are three levels for CA course:

1.CA Foundation

2.Intermediate

3.Final

Once a student joins for Plus - One, he can join CA foundation course by temporary registration. The student's registration can be made permanent once they pass plus two.

SYLLABUS

Paper 1 -Accountancy

Paper 2-Business Law

Paper 3-Quantitative Aptitude

• Objective Type

  Business Mathematics
• Logical Reasoning
• Statistics

Paper 4-Business Economics

By the completion of Plus two, a student can be well prepared to appear for the CA Foundation exam in the subsequent June/December. Registration can be made atleast four months prior to the exam date.

Each paper in the foundation course has a minimum passing score of 40 out of 100, and the overall score for all courses should be 200 marks. Foundation level must be completed within 4 years of registration and is not renewable.

After the successful completion of CA Foundation course, one can register for Intermediate level atleast 8 months before the exam, which will be conducted twice in a year in May/November.

One may register up for the Final level after successfully completing the Intermediate level. To become a chartered accountant, one must finish two years of practical training and an article ship. As per the new scheme self-paced online modules are also included.

We are offering a practical workshop coupled with strong theoretical knowledge to equip the students for strong basement in various subjects of commerce. This will help the students for getting good marks and knowledge in Higher Secondary classes.

At Aspire we are providing classes and guidance to crack the CA Foundation exam along with regular tuition classes for Plus One and Plus Two.