HSC (+2) Pass from any Group or Equivalent like 2 or 3 years Commerce or Engineering Diploma; 10th Passed students now can register for CA Course; but, they can appear for CA Foundation Exam only after appearing for HSC (+2) exams or passing the same.
Frequently Asked Questions(FAQ)
1. What is the minimum academic/educational qualification to join/register for CA Course?
2. Can other Group students ( Bio-Maths, Pure Science, Vocational Group students ) register for CA Foundation? Are they eligible?
Yes, of course ! Anybody can join the CA Course after their +2 (Senior Secondary/HSC) exams.
3. Can Tamil Medium students join CA Course? Are they eligible?
Yes, why not? Any student from any Medium can join CA and crack successfully.
4. What is the Medium of Instruction for CA Course? Is Tamil Medium available?
Medium of Instruction for CA Course is ENGLISH & HINDI; there is no other Medium available in CA.
5. Who is conducting the CA Course in India?
Institute of Chartered Accountants of India (ICAI), New Delhi, is conducting the CA Course in India; it’s HQ is located at New Delhi. It is an Independent Statutory Body set up by an act of Parliament on 01 July 1949 and functions under Ministry of Corporate of Affairs, Government of India.
6. How many Levels and Papers are there in CA Course?
There are 3 Major Levels with 20 Papers of 100 Marks each in CA Course along with 3 years of Full-Time Practical (Articled) Training under a Practicing Chartered Accountant.
7. What are the Levels in CA Course?
Level 1 : CA Foundation Level 2 : CA Intermediate Level 3 : CA Final
8. What kind of a Qualification or Degree is CA?
CA is a Pure Professional Qualification and a Master Degree approved by Association of Indian Universities (AIU) and by UK NARIC as RQF Level 7.
9. Is CA Qualification valid globally?
Yes, it is! It is approved by the International Federation of Accountants (IFAC) and International Accounting Standards Board (IASB); CA-Intermediate has been recognised as UG Professional Degree(RQF Level 6) and CA-Final has been recognised as PG Professional Degree by UK NARIC(RQF Level 7) and the Technical Education Department of UAE(RQF Level 7 & 9) both for employment and higher studies in abroad.
10. Does ACCA-London accept and recognise our CA Syllabus, Practical (Articled) Training and Qualification?
Yes, absolutely! Our CA Intermediate passed students are EXEMPTED from 6 Papers and CA Final passed Professionals are EXEMPTED from 9 Papers in their curriculum; 3 years Practical Training is also EXEMPTED for our CAs.
11. Is CA really tough to clear till Final?
No, not at all! CA Course successfully cracked by the 100% blind students in India and physically challenged/disabled, as well. For example,
CA. Mr.J.Raja Shekara Reddy - Guntur, Andhra Pradesh
CA. Mrs.Rajani Gopalakrishna - Bengaluru, Karnataka
CA. Mr.Sankararaman - Chennai, Tamil Nadu and so on.
12. Can Tamil Medium students also join and crack CA Qualification?
Undoubtedly! There are thousands of Chartered Accountants in Tamil Nadu/India, who came from Tamil Medium till +2 (HSC) in State Syllabus and then joined CA Course; now, they are the Masters and Light House for other students and contributing tremendously to the society/industry and both the State and Central Governments. For example,
CA. Mr.T.N.Manoharan -- All India Rank Holder/Former President of ICAI, New Delhi/Solution Provider for Sathyam IT Scandal/Former Chairman, Canara Bank/ First CA to receive Padma Shri Award from Government of India for his meticulous Service to solve the Sathyam IT Scandal.
CA. Mr.S.Gurumurthy -- Chief Editor – Thuglak Tamil Weekly/ World-Known Economist/Political Observer/Finder of the great Scandals in India/Great Speaker/Honorary HOD in Sasthra University, Thanjavur/ Director-RBI.
CA.Mrs.R.Sivabhogam -- First Women Chartered Accountant in India from Chennai.
CA. Mr.Sankararaman -- Founder Secretary – Amar Seva Sangam, Tenkasi/All India 5th Rank Holder in CA Final/Gold Medalist in 2 Papers in CA Final/Great Social Worker.
13. Is CA Course very expensive?
No, not at all!! The one and only Professional Course in India, which is very less Expensive and the highest paid both in India and abroad even for a Fresher is nothing, but, Chartered Accountant.
a) CA.Ms.Prema Jayakumar – All India Rank No.1 , is a daughter of an autoriksha- wala from Sankarapuram, Kallakurichi, TN.
b) CA.Mr.Dhanraj Jayakumar - Own Brother of CA.Ms.Prema Jayakumar cleared CA Exams in the First Attempt.
14. Is it mandatory to be a Commerce student in +2 (Accounts Group) to crack CA? What about other Group students of Bio-Maths, Pure Science, Maths?
Any +2 passed student from any Group may join CA Course and successfully crack CA Qualification; in recent days, mostly Maths and Science students joining CA and achieving All India Rank at all Levels. Group or Subjects are not at all an issue to enrol in CA.
15. Is B.Com Degree or any Degree qualification mandatory to crack CA Exams?
No, not at all! Just HSC (+2) PASS is very enough to join and crack CA Exams; No Degree Qualification is mandatory to get enrolled in CA Course and to succeed in it.
16. Is there any Paper Exemption for Graduates in CA Course?
Yes, it is! Graduate Entry Students are totally EXEMPTED from CA Foundation Level Exam (4 Papers) and can directly get into CA Intermediate Level and go for ICITSS, Articled (Practical) Training and CA Inter Exams.
17. Is there any opportunity to get a UG or PG Degree while doing CA Course?
Yes, it is! CA Students who have registered for CA Intermediate with ICAI, also may register for B.Com (Accounts & Finance) either with IGNOU, New Delhi or with Bharathiyar University, Coimbatore, Tamil Nadu. They have to clear only 4 Papers in it to get a B.Com Degree. Bharathiyar University also provides BBA for CA Intermediate students with many Paper Exemptions.
Similarly, CA Finalists or CA Qualified may opt for M.Com (Finance & Taxation) with Paper Exemptions and they have to clear only 5 Papers in it for this PG Degree both from IGNOU, New Delhi and Bharathiyar University, Coimbatore, TN. BU also offers MBA Programme with Paper Exemptions for them.
18. Is there any EXEMPTIONS in ACCA – London Course for CA Inter and CA Final Qualified students?
Yes, undoubtedly, they are getting EXEMPTIONS both in Papers and also in the 3 Years Practical Training.
CA Inter Qualified students are EXEMPTED from 6 Papers and they have to clear only 7 Papers; but, CA Finalist/Qualified are EXEMPTED from 9 Papers (F1 to F9) should have to clear only 4 Papers at Strategic Professional Level (Final Level).
They are also totally EXEMPTED from 3 years Practical Training (PER).
19. Shall we find any All India Rank Holders (No.1) from Tamil Nadu in the recent years?
Ms.Prema Jayakumar - All India No.1 in CA Final in January 2013 ( Nov 2012 Batch) Sankarapuram, Kallakurichi, TN ( Total Marks: 607/800)
Mr.S.Sri Ram - All India No.1 in CA Final in July 2016 ( May 2016 Batch) Salem, TN ( Total Marks: 613/800)
Mr.James John Britto – All India No.1 in CA Final in Jan 2016 (Nov 2015 Batch) Chennai, TN ( Total Marks: 595/800)
Mr.Essakiraj – All India No.1 in CA Final in Jan 2021 ( Nov 2020 Batch) Salem, TN ( Total Marks: 553/800)
20. Is there any significance to join/opt CA Course just after passing HSC (+2)?
Excellent and benevolent ‘’ ATTITUDE’’ of a school student, which is a boon to enter into the Professional Courses like Chartered Accountancy, ACCA -London, CMA (ICWA), etc in which the TEACHER – STUDENT Relationship will play a vital role. They are relentless and laborious by nature to score more and more in their Board Exams and all the above said qualities are the Foundation Stones to crack CA, ACCA, CMA and alike.
They can save 3 or more years by skipping colleges for academic degrees and will be earning while learning; with Dual Degree options, they may also pursue BCom, BBA, MCom, MBA or all from Indira Gandhi National Open University – IGNOU, New Delhi and also from Bharathiyar University, Coimbatore.
This Time Saving will help them to pursue more International Professional Courses like ACCA, CFA, US-CMA, Actuaries Exam, etc, by which, our children/students may explore globally and very prosperous in their career and life.
Above all, the aspirants/students will positively get the Foundations Level In-depth Professional Knowledge in the courses like CA, ACCA, CMA, etc, which they never get in any other academic Degree courses in colleges/universities in India. It is the secret of success which is not known to most of the common public and aspirants in general.
21. Why most of the students/parents feel tough and negative thoughts about CA Course?
It is only due to wrong propagations and ignorance/unawareness about CA, CMA and ACCA professional courses and nothing else.
Most of them are even unaware of Quality Oriented Institutions like PR Academy, which is very necessary for professional coaching and ethics; besides, most of the CA aspirants/students are NOT ready to plan and work for at least for 4 to 6 Hrs per day and not adhering the instructions given by their Trainers/Professors out of the class rooms; many of them fond of social media, video games, cinemas and similar time killing activities as they have either a lap-top or mobile in their hands and misusing the same.
Besides, to excel in the professional courses like CA, ACCA, CMA, a student requires rigorous intensive coaching by the Subject Experts with great teaching and industrial experience and great passion for Teaching and tuning up the younger minds and brains with great innovations and global awareness of society, industries, Corporate World and Game Changers in local and international politics.
22. Why CA, ACCA, CMA and alike professional courses are NOT taught in Tamil or Regional Languages in India? Why should a student choose the languages/Medium like English or Hindi? Is there any reason/secret/hidden facts behind it?
There are many unique reasons for offering only in English and Hindi for CA and few of them listed below for your kind information and clarification so as to justify your children, if you are parent or a teacher:-
a) CA is a Globally recognized Professional Course and our CAs are not only going to practice or be placed in India; they are Global Citizens like a Medical Practitioners (Doctors), where their presence and service is inevitable to the whole mankind by one or another means/way. Similarly, the Professional Knowledge of our Chartered Accountants are being adored everywhere on the Globe, for which English language is mandatory and inevitable.
b) By pursuing the CA Course in Tamil or any other Regional Languages, our CAs will become very limited, controlled and even can’t imagine out of their Regional Boundaries and they can’t go out of their States/Provinces to explore and render their professional services to the needed one. They can’t think or imagine about their prosperity and career growth.
c) Above all, the entire human race has been bonded and tied up with Globalization, not only in the trade or business; but, also among societies by all means, for which English language is mandatory and inevitable.
d) We know, almost 85% of the Indian population/public understand and speak Hindi in India and the Official Language of our Central Government and most of the State Government and Union Territories is Hindi. Hence, by choosing Hindi medium, a qualified CA may explore within the country in which our populations is around 135 Crores.
23. Please tell us about employment opportunities for both Semi-Qualified and Qualified Chartered Accountants in India and abroad? Approximately, how many Qualified CAs are required for India (both Government & Private Sectors) and globally?
Approximately, there are 3 Lacs Qualified Chartered Accountants in India; many of them in abroad in self practice and employment; most of them in Self Practice in India itself and employed both in Government and Private Sectors. Many of them in Capital Markets, as Business Dons ( CA.Mr.Kumaramangalam Birla, Chairman, Aditya Birla Group), Banking Sectors as Branch Managers to CEO/MD, Directors and Chairman including in RBI; few of them in active politics as Central Cabinet Ministers, Great Educationists (like CA.Mr.Mohan Das Pai), Cinema Industry, Media Persons ( CA.Mr.Prannoy Rai, NDTV) and so on.
Even though, the big scarcity for both Qualified and Semi-Qualified CAs are in big number; according to the sources, India itself needs more than 7 Lacs Qualified CAs and a large number of Semi-Qualified, to cater for to the Corporate World and also to the Governments/Public Sectors at State and Central.
As the Corporate World is expanding like anything day by day, the need for CAs are also increasing day by day unimaginably; today’s Central Government emphasizing the global and national scheme like Make in India, Start Up India, Aathma Nirbhar Mission and it results in the more demand of CAs in India itself, to guide and serve them accordingly.
Our CAs are Global Accountants and masters in IFRS, International Taxation, Management Services, Auditing, Information Systems Audit, Cyber Privacy and Security, Date Analytics; hence, the demand for our CAs in international arena is lucrative and increasing day by day. Around 20,000 Qualified CAs are posited in Middle East and Australia, both in Self Practice and employment with unimaginable packages.
Hence, our students should utilize this national and international demand for CAs by joining in great numbers by which they can flourish both in their career and personal life and ultimately, they could be the Back bone of our Indian Economy and command over the Corporate World globally.
24. How a Qualified and Semi-Qualified CA could participate in Employment Drives/Job Melas? Is there any support by ICAI in this regard to find an ideal job?
Yes, our ICAI conducts Employment Drive for our Qualified and Semi-Qualified CAs twice in a year in major cities in the months of March/April and September/October every year. Students and Members of ICAI may register themselves to get the job alerts and related updates through e-mail. The CA JOB PORTAL ID is https://cajobs.icai.org.
25. Is Education Loan from the Public and Private Sector Banks available for CA Course at all Levels?
Yes, undoubtedly available for CA Course both in Public (Government) & Private Sector Banks up to Rs.10 Lacs to study in India and up to Rs.20 Lacs to study in abroad in any country. ICAI has made MOUs with few Banks for the same and apart from it, almost all Public and Private Bank granting the education loan for CA Course, as it was strictly instructed and guided by our Reserve Bank of India and Finance Ministry.With a view to facilitate the students pursuing the Chartered Accountancy Course, the Institute of Chartered Accountants of India has made tie-up with the following Banks under the “Join CA Educational Loan Scheme” to provide the Education loan to its aspiring students to meet out the Course fees etc.
IDBI Bank - www.idbi.com
Bank of Maharashtra - www.bankofmaharashtra.in
Corporation Bank - www.corpbank.co.in
Oriental Bank of Commerce - www.obc.india.co.in
Note: Students/Parents can get more details from the link given below:https://icai.org/post/education-loan-for-ca-course-05-09-2013.