Bathinda is the fifth largest city in Punjab state of India. It is located in west of the capital city of Chandigarh. The city is best known for having two modern thermal power plants, Guru Nanak Dev Thermal Plant and Guru Hargobind Thermal Plant.
If we talk about education facilities in Bathinda, Maharaja Ranjit Singh Punjab Technical University, Central University of Punjab and AIIMS Bathinda are some famous college and universities. Bhatinda also include specialized institutions for CA Coaching and Paras Institute of Commerce Pvt Ltd is one of the best CA coaching Institutes in Bhatinda for CA preparation. Let’s talk about why Paras Institute of Commerce Pvt Ltd is best CA Coaching classes in Bhatinda.
Who is a Chartered Accountant?
A chartered accountant is a professional with expertise in auditing, accounting, and taxation. He is in charge of corporate and management security. Accountancy is currently experiencing a huge spike in popularity. A CA’s services are crucial in financial concerns affecting even small businesses.
Furthermore, in India, CA specialists are the only ones who are accountable for company audits. After passing the final examination of the ICAI-regulated CA programme, a CA is regarded as a member of the Institute of Chartered Accountants of India (ICAI).
About Paras Institute of Commerce Pvt Ltd
Paras Institute of Commerce was started in the year 1995 for providing coaching to 10+1, 10+2 commerce and all subjects of Chartered Accountant course (CA). The main motive of Paras Institute of Commerce is to provide basic and standardized knowledge of each subject to raise the mental moral standard of students. Paras Institute of Commerce is the best CA coaching Institute in Bathinda because it has excellent academic environment & system, use special visual teaching techniques, and well qualified staff that enable maximum learning to students.
Paras Institute of Commerce aims & objectives
- To produce competent professional who are able to fill the gap between the academics and the industrial requirements.
- To inculcate a deep sense of self discipline, truthfulness among students.
- To mold its students into individuals who become inspiration for others.
- To achieve academic excellence through a team of dedicated members.
Total CAs in India till 2021
In India, there are around 327081 CA till March 2021 .
Before studying the detailed syllabus of CA course, firstly move on to the history of Chartered Accountant Course.
History of Chartered Accountant Course:
The first professional accounting body of Chartered Accountants was initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception.
In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949. Associate members of the ICAI are entitled to add the prefix CA to their names. Members who are in full-time practice, and have completed five years of practice, can use Fellow Chartered Accountant (FCA).
About ICAI- Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI), established on 1 July 1949 is the World’s second largest professional accounting body and largest professional accounting body of India under the ownership of Ministry of Corporate Affairs, Government of India. It is a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for regulating the profession of Chartered Accountancy in India.
The motto of the ICAI is Ya Aeshu Suptaeshu Jagruti which literally means “a person who is awake in those that sleep”.
The other reputed accounting research bodies in India are the Institute of Cost Accountants of India (ICMAI) and University of Delhi, University of Calicut and University of Mumbai.
Qualification for ICAI Membership
A person is eligible to apply for membership either by passing all three levels of examinations ( Foundation, Intermediate and Final ) prescribed by ICAI and completing 36 months of practical training or by availing themselves of exemptions under mutual recognition agreement (MRAs).
Chartered Accountancy Course
Let’s discuss in detail the syllabus of CA course:
First of all, the question arises who can enrol in CA Course?
Enrolment in CA courses can be done through various routes. One is the Foundation course route and the other is the Direct entry route. First, we will discuss the foundation course route, the most commonly used route.
CA FOUNDATION COURSE
1. Through Foundation Course route:
(i) Enrol for the Foundation Course after passing Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
(ii) Register for the Foundation Course on or before the 1st day of January or the 1st day of July for the examination to be held in the months of May/June or November/December respectively.
(ii) Appear in Foundation Examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and on complying with (ii) above.
How to Register for CA Foundation:
CA Foundation Registration process includes filling up basic details online at ICAI official website and obtaining a user id, registration number, and password. This user id and password will further be used to download the admit card for the examination.
CA Foundation’s Paper Format:
There are four subjects in which two papers are subjective and the other two are objective.
The following are the CA foundation subjects:
Principle and Practice of Accounting
Business Laws and Business Correspondence and Reporting
Business Mathematics and Logical Reasoning & Statistics
Business Economics and Business and Commercial Knowledge.
Foundation Examinations:
Foundation exams held twice a year, once the in month of May and other in November.
Fees:
| S.No. | Description of Fees | Rs. | For foreign students (US $) |
| 1 | Cost of Foundation Prospectus | 200 | 20 |
| 2 | Foundation Registration Fee | 9000 | 700 |
| 3 | Subscription for Student’s Journal (For One Year) (Optional) | 200 | 20 |
| 4 | Subscription for Member’s Journal (For One Year) (Optional) | 400 | 40 |
| TOTAL | 9800 | 780 |
Result:
The CA foundation examination result of May attempt announced in the month June-July and of November attempt, the results declared in January-February.
Passing Marks:
Students who pass the CA Foundation exams with a score of 40% in each subject or 50% overall are eligible for the CA intermediate course.
Validity:
The course is valid for three years after registration, and students can take six attempts. They can reconsider their registration after it expires with nominal fees.
CA Intermediate Course
Qualifications-
Join Intermediate Course after passing class 12th and Foundation Examination.
How to Register for Intermediate Level:
Students must register for the intermediate exam online on ICAI website.
CA Intermediate Paper Format:
The CA Intermediate course is divided into two groups, each of which has four subjects, each carrying 100 marks.
Group 1:
Paper-1: Accounting (100 Marks)
Paper-2: Corporate Laws & Other Laws (100 Marks)
Part I: Company Law (60 Marks)
Part II: Other Laws (40 Marks)
Paper-3:Cost and Management Accounting (100 Marks)
Paper-4: Taxation (100 Marks)
Section A: Income-tax Law (60 Marks)
Section B: Indirect Taxes (40 Marks)
Group 2:
Paper-5: Advanced Accounting (100 Marks)
Paper-6:Auditing and Assurance (100 Marks)
Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)
Part I: Enterprise Information System(50 Marks)
Part II: Strategic Management (50 Marks)
Paper-8: Financial Management and Economics for finance(100 marks)
Part I: Financial Management( 60 marks)
Part II: Economics of Finance (40 marks)
Intermediate Examinations
CA Intermediate exams also held twice a year, one in the month of November and other in May.
Fees
| Details of Fees | Both Groups (Rs) | Both Groups (US $) | Single Group (Rs) | Single Group (US $) |
| CA Intermediate Registration Fees | 15000 | 11000 | ||
| Student’s Activity Fees for CA Intermediate | 2000 | 2000 | ||
| CA Intermediate Registration Fees as an Article Assistant | 1000 | – | ||
| Total CA Intermediate Fees | ||||
| 18000 | 1000 | 13000 | 600 |
Validity:
The course is valid for four years after registration, and students get eight attempts.
Before commencing the Articleship, a student has to undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course.
What is Articleship?
Articleship is an important part of the CA program structure to acquire on-the-job work experience of a professional nature. It is a practical training that is critical in shaping a well-rounded professional. In India, The CA course involves three years of articleship which must be pursued after clearing group 1 or both of intermediate.
How to Register for Articleship:
For the articleship, CA Intermediate qualified candidates find CA companies that have openings for article trainees and have to notify the ICAI within 30 days of starting the training. They have to fill an Articleship Registration form and attach all required documentation with it. Candidates have to submit form number 102 and 103 to the ICAI, as well as articleship registration fees. Paras Institute of commerce helps students in getting articleship at the best CA firms of India.
Importance of Articleship:
Articleship helps CA students in building professional growth and also helps them in their exams. With theoretical knowledge, it is very important for every student to gain practical knowledge of the course.
Before appearing the final examination, a student has to undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training.
A CA student can appear in the Final Examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.
CA Final Course
Qualifications:
A Student who has cleared CA Intermediate both groups and articleship can only enter into CA final.
CA Final’s Paper Format:
The course is divided into two groups, each of which has four subjects carrying 100 marks each.
The subjects for Final level are:
Paper-1: Financial Reporting
Paper-2: Strategic Financial Management
Paper-3: Advanced Auditing and Professional Ethics
Paper-4: Corporate and Economic Laws
Paper-5: Strategic Cost Management and Performance Evaluation
Paper-6A: Risk Management
Paper-6B: Financial Services and Capital Markets
Paper-6C: International Taxation
Paper-6D: Economic Laws
Paper-6E: Global Financial Reporting Standards
Paper-6F: Multidisciplinary Case Study
Paper-7: Direct Tax Laws and International Taxation
Paper-8: Indirect Tax Laws
Passing Marks:
Students need to score of 40% in each subject or 50% overall to pass the CA Final Course.
Fees
For Indian students, CA final registration fees for both groups: ₹ 22,000.
For students from overseas, US$ 1000 for both groups.
The CA Final course’s exam fee or application fee is ₹ 3300/- for both groups, and ₹ 1800/- is for the CA Final Single Group.
- The Final exams fee for students from overseas is US$ 550 for both groups.
Validity:
The course is valid for five years after registration, and students can take ten attempts.
After clearing both groups of CA Final and successful completion of three years of practical training, students will acquire membership of ICAI family.
Direct Entry Route
There is another entry route to CA course that is called Direct Entry Route through which graduates and post-graduates can enroll in it. Let’s see how a student can enroll in CA course through Direct entry route.
I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):
(i) Enrol with the Institute for Intermediate Course.
(ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course before commencement of their articleship.
(iii) Register for Practical Training of three years.
(iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on first day of the month in which the examination is to be held.
(v)Appear and pass in both groups of Intermediate Examination.
(vi) Register for CA Final Course.
(vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training but before appearing in the Final Examination.
(viii) Appear in the Final Examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.
(ix) Complete articled training of 3 years.
(x) Pass Final Examination.
xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.
So, now to become a successful Chartered Accountant, you have to start with CA foundation and if you want to crack the CA foundation exam in first attempt, Choose Paras Institute of Commerce Pvt Ltd.
It is the best CA institute in Bathinda that prepare students for CA foundation examination. Institute on regular basis organize webinars and provide tips on how to prepare and crack CA Foundation and CA Intermediate exam in the first attempt. Its CA Final test series is also very popular among students.
The few tips to prepare for CA Course are
Make a solid study plan: The first step for every CA student is to create a good study plan for the entire year of preparation.
Manage Time: To pass the CA exam, students must have a good time management. Students should concentrate on achieving good results rather than wasting time on social media. All they need to do is prepare and implement best time management strategy.
Be Specific: Be specific when creating your study plan. Make an easy and simple study plan for the CA course.
Stay Positive: Every stage of CA course is mentally and physically demanding. Always stay positive and cheerful that also builds confidence and helps to get good results. Worrying too much for exams can affect the results.
Paras Institute of Commerce Pvt Ltd has some unique features that can help you to succeed in your CA Journey. They provide
- Unique Teaching Pattern with concept clarity from basic to advance level
- One to One Doubts solving system on Daily basis via Phone calls
- Chapter-wise test on a regular basis and Unit test and Final test at the end of syllabus till exam.
- Best study material with updated question bank covering all types of questions
- Monthly Performance Report & Analysis
Various Career options after CA Course:
Do you have any idea what you can do after becoming a successful CA? What comes after Chartered Accountant Course? No doubt CA is a dream course and everyone wants to practice CA after clearing all the stages of the CA course but here we’re discussing career options after the CA course if you do not want to practice CA.
The options available are:
- Join CA Firms
- Entrepreneurship
- Civil Services
- Finance Management
- Work as a teacher
Some Courses are also there that a CA can do after becoming a Chartered Accountant to enhance the skills and professional exposure.
Further courses after CA are:
DISA (Diploma in Information System Audit): This course is offered by The Institute of Chartered Accountants of India which provides an insight into the different types of Computer Hardware and Software and helps management to take strategic business decisions. In the course, a candidate learns
Computer Hardware and Software, types of software, Database and Database Management System used by the organization to acquire information and organize the information, Different Strategies to deploy Hardware/Software, Computer Networks and reasons for creating computer network, and Network Standards and Protocols, understanding the complicated system and how the software interacts with the hardware.
CISA (Certified Information System Auditor): CISA is a Information System audit-based course issued by ISACA based in the US. And it is the best option for CA’s who are confused about what to do after CA. CISA certification helps who audit, control, monitor and assess an organization’s information technology and business systems.
CIA ( Certified internal Auditor): CIA is a world-renowned course issued by IIA (Institute of Internal Audit) for the certification in Internal Audit. If you want to advance your career as an Internal Auditor after becoming a Chartered Accountant, you should take this course. You’ll learn a lot about GAAP (Generally Accepted Accounting Principles) and SOX (Standard Operating Procedures) (Sarbanes-Oxley Act).
CFA (Chartered Financial Analyst): It is a globally recognized course for those who have interest in financial sector. This professional course is issued by the CFA institute. After CFA course, you can become a Chartered Financial Analyst® (CFA®). As a CFA charterholder, you will have the knowledge and the skills to thrive in the competitive investing industry.
ACCA (Association of Chartered Certified Accountants): Doing ACCA Course after CA and be a part of diverse body of more than 219,000 members and 527,000 students in 179 countries. It means the course is recognized and respected across the globe. The course makes you learn UK GAAP, IFRS, and other International Laws.
FRM (Financial Risk Management): The FRM is the leading certification for risk managers. FRM certification is awarded after a candidate has passed two rigorous multiple choice exams (FRM Exam Part I and Part II) and demonstrated two years of relevant work experience. The program is developed by the FRM Committee, which is comprised of world-leading experts in risk.
So these are some of the courses some of the best courses after CA that you can pursue for a higher salary and a better career.
Hope, every student found this article informative. If there is any query regarding this blog post, please feel free to ask in the comment section.