A Comprehensive Guide to Becoming a Chartered Accountant (CA) through Direct Entry in the New Course 2023

To become a Chartered Accountant (CA) through direct entry after graduation in the new course for 2023, you will need to follow these steps:

1. Eligibility: Ensure that you meet the eligibility criteria set by the Institute of Chartered Accountants of India (ICAI). As of my knowledge cutoff in September 2021, the eligibility criteria are as follows:

   – Completion of graduation from a recognized university or equivalent (minimum three years of study) the percentage required for CA after graduation is as follows:

  • A minimum of 55% for commerce graduates or postgraduates
  • A minimum of 60% for Arts/Humanities/Science graduates or postgraduates

The minimum duration to pursue CA after graduation is 3-3.5years. to get admission into CA after graduation, graduates or postgraduate students in the Commerce stream require a minimum of 55% while graduates or postgraduate students from non-commerce stream need a minimum of 60% to be eligible to directly apply for CA Intermediate.

   – Passing the qualifying examination conducted by ICAI.

2. Registration with ICAI: Register with the ICAI for the CA course. You can visit the official ICAI website (www.icai.org) for online registration and follow the instructions provided. Pay the required registration fees and submit the necessary documents.

Intermediate Registration Fee:

Registration FeesRs 18000(for both groups)
Registration form feesRs 400

3. Clear Intermediate Course: after registration enroll for the intermediate course and complete both Group I and Group II exams. Take advantages of coaching classes, self study, and practice papers to enhance your knowledge and skills.

4. Undergo Practical Training: After clearing either Group I or both of the intermediate course, commence your practical training, including Information Technology Training and Articled Training. Register with a practicing CA to fulfill the articleship requirement.

5. Register for Final Course: Once you have completed the practical training, register for the final course with ICAI.

6. Prepare for Final Course: Study the prescribed textbooks and reference materials for the final course, joining coaching classes or online courses can be beneficial in your preparation.

7. Complete Articleship: Simultaneously with the final course, complete the mandatory two years articleship under a practicing CA. gain practical exposure and experience in various areas of accounting, auditing and taxation.

8. Appear for Final Examination: After completing the final course and articleship, appear for the final examination conducted by ICAI. Clearing this examination will qualify you as a Chartered Accountant.

9. Membership of ICAI: After successfully passing the final examination, apply for membership with ICAI. Once your membership is approved, you will officially become a Chartered Accountant.

Becoming a Chartered Accountant requires dedication, hard-work, and perseverance. Stay focused, manage your time efficiently, and make the most of the resources available to you. With consistent effort and determination, you can successfully become a CA and embark on a fulfilling professional journey. Remember, this guide is based on the new course structure introduced by ICAI in 2023. Stay updated with any changes or modifications made by ICAI to the course structure or examination pattern.

Best of luck on your journey to becoming a Chartered Accountant!

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