Updated: Nov 29, 2021
In order to become a Chartered Accountant, a candidate has to undertake a series of exams and professional training, conducted by the Institute of Chartered Accountants of India (ICAI). The examination - on the basis of which a candidate is declared a qualified Chartered Accountant - is divided into three parts, namely:
● CA Foundation Examination
● CA Intermediate Examination (erstwhile IPCC)
● CA Final Examination
The CA Foundation Examination is the entrance examination for candidates who wish to pursue CA and, like all the levels, is conducted twice a year, in May and November. To appear for this examination, the candidate must meet the eligibility criteria laid down by ICAI for the Foundation Examination. This examination is followed by Intermediate (IPCC) & Final Examination.
CA Foundation consists of a single group with 4 papers. Whereas the intermediate and final examinations are divided into two groups and it is the candidate’s choice to attempt both the groups together or one group at a time.
The above mentioned path is the most preferred route chosen by candidates and is referred to as entry through the “Foundation Route”. However, candidates can also enter through “Direct Route” and choose to skip CA Foundation by fulfilling the following eligibility criteria:
● Graduates/Post Graduates from Commerce stream, having an aggregate score of at least 55% and they must have studied Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar papers with different nomenclatures, or
● Graduates/Post Graduates from Non-Commerce stream, having an aggregate score of at least 60% or its equivalent grade in the examination conducted by any recognized university (including Open University) are also exempted from giving Foundation or
● Candidates having cleared Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India
Candidates in their final year of Graduation can apply for the Intermediate course on a provisional basis. Only after the submission of final year mark sheet or passing certificate within six months from the date of appearance in the final year examination and on successful completion of ICITSS (Orientation course and Information Technology), a candidate can register.
Eligibility criteria for CA Examination 2021
Candidates planning to pursue Chartered Accountancy must take a look at the eligibility criteria for CA Examination 2021.
● Students from any stream i.e., Commerce, Science or Arts, can register for Foundation examination. Students can also register for it after Class X. However, they are eligible to take up the examination only after clearing Class XII.
● Candidates should have passed Class X and XII examination or an equivalent examination from a recognized board.
● Candidates must get themselves registered on or before 1st April and 1st October, who intend to appear for the examination to be held in June and December respectively.
● Candidates must score a minimum of 100 marks out of 200 in the Foundation examination to register for Intermediate (IPCC). After enrolling for this, candidates can also apply for Accounting Technician Course (ATC).
● The minimum passing marks to clear Intermediate Examination is 40 marks in each subject and an aggregate of at least 50%.
● In case you fail Intermediate Examination and decide to give it again, you will be exempted to reappear for the paper(s) in which you have scored 60 marks or more.
● After clearing the Intermediate Examination, the candidate can begin with his/her Articleship, which is a three-year internship at a chartered accountancy firm to gain professional experience.
● During the last six months of the internship, the candidate can appear for CA Final Examination and after clearing that examination, he/she will finally be qualified to call himself/herself a Chartered Accountant.