A Step-by-Step Guide to Becoming a Chartered Accountant (CA) after 10th Grade in the New Course 2023

To become a Chartered Accountant (CA) after 10th grade in the new course introduced in 2023, you will need to follow these step-by-step instructions.

 Complete your 10th Grade

First, you must successfully complete your 10th grade (Secondary School Certificate) examination from a recognized educational board.

1. Choose Commerce Stream: Opt for the commerce stream in your 10+2 education, as it provides a strong foundation for CA studies.

2. Register for Foundation Course: Register with ICAI for the foundation course after completing your 12th grade. The registration process usually begins in the month of May/June.

**Foundation Course**: The foundation course has replaced the Common Proficiency Test (CPT)

And is the entry-level examination for the CA course. It consists of four papers –

Paper 1 – Principles and Practice of Accounting

Paper 2 -Business Laws

Paper 3 –Quantitative Aptitude

                    -Business Mathematics

                    – Logical Reasoning

                    – Statistics

Paper 4 – Business Economics

3. Prepare for Foundation Course: Start preparing for the foundation course by studying the prescribed textbooks and reference materials. Joining coaching classes can also be helpful in Understanding the concepts and preparing for the exams. Agarwal Coaching Centre is best for Foundation course coaching.

4. Appear for Foundation Course Exam: Once you feel confident in your preparation, appear for the Foundation course examination conducted by ICAI. The exam is held twice a year, in May and November.

5. Clear Intermediate Course: After clearing the foundation course, enroll for the intermediate Course and complete both Group I and Group II exams. Take advantage of coaching classes, self-study And practice papers to enhance your knowledge and skills.

**Intermediate Course**: Upon clearing the foundation course, you will need to complete the

Intermediate course. This stage is further divided into two groups – Group I and Group II. Each

Group consists of three papers.

Group I includes

Paper 1 – Advanced Accounting

Paper 2 – Corporate Laws and Other Laws

Paper 3 – Taxation

Section A – Income –tax Law

Section B- Indirect Taxes

Group II includes

Paper 4 – Cost and Management Accounting

Paper 5 – Auditing and Ethics

Paper 6A – Financial Management

Paper 6B – Strategic Management

6. Undergo Practical Training: after clearing either Group I or both groups 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.

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

8. 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.

**Final Course**: Once you have completed the practical training, you can enroll for the final

Course. Similar to the intermediate course, the final course is also divided into two groups.

Group I

Paper 1- Financial Reporting

Paper 2- Advanced Financial Management

Paper 3- Advanced Auditing Assurance And Professional Ethics

Group II

Paper 4 – Direct Tax Law and International Taxation

Paper 5 – Indirect Tax Law

Paper 6- Integrated Business Solutions [Multi- disciplinary case study involving Papers 1 to 5 at the final level along with Self – Paced Online Modules Sets A and B and Strategic Management]

9. Complete Articleship: Simultaneously with the final course, complete the mandatory Two-year articleship under a practicing CA. Gain practical exposure and experience in various areas of accounting, Auditing, and taxation.

10. 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.

11. 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.

Note: It’s essential to keep yourself updated with the latest information and requirements provided by the ICAI as the CA course and its guidelines may change over time.