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The ICAI exam or the CA Exam is the set of exams a candidate has to write and clear in order to be a Chartered Accountant. The exam is conducted by the Institute of Chartered Accountants of India (ICAI). There are different levels in the exam and it is mandatory to clear all of them to hold the designation of a CA.
To pass the exams a candidate should have good analytical, problem-solving, and reasoning skills. A sharp quantitative ability along with effective communications quality makes a good CA. It is a lucrative profession and in demand in the market. In fact, the need for good Chartered Accountants is steadily rising and thus there are many opportunities available for those who pass all the Levels.
The duration of the course is nearly 5 years but it can easily take more time to be completed as the course is challenging and demanding.
The Level of CA Exam are:
- CA Foundation Course
- CA Intermediate
- CA Final
Eligibility for attempting the CA Exam:
- Any student who has passed Class 12 or its equivalent can apply for CA Foundation and appear for the exam.
- There is no upper age limit for attempting the exam.
- The students have to qualify their Class 12 examination with a minimum of 50% aggregate marks.
- Post this, one has to clear all the Papers to attempt the next level.
- For Direct Entry route: Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%) can enroll with the ICAI for Intermediate Course.
- commerce graduate and post-graduate candidates, an aggregate of 50% is required for CA Inter exam. For a non-commerce student, the aggregate has to be 60%.
- For CA Final Exam, one has to clear the previous Levels. A candidate must have successfully undergone 4 weeks of Advanced Integrated Course on IT and Soft Skills. A candidate must also complete practical training for 2.5 years under a practicing CA.
The important details about the ICAI exam are shown below:
Highlight | Details |
No. of times exam is held | Twice in a year: May/ June and November |
Types of Questions | Subjective / Objective |
Exam Duration | Depends on the Level |
Medium of Exam | English/ Hindi |
Official website | icaiexam.icai.org |
The 2021 dates of CA examination have been announced and the exam commences from May 2021. While every CA aspirant would be brushing up the knowledge required to excel in the exams, a Level wise syllabus has been curated to help with the details a candidate will be tested for at each level.
CA Foundation Syllabus
Paper | Subject | Subject Parts |
4. | Principles and Practices of Accounting Business Law & Business Correspondence & Reporting Business Mathematics and Logical Reasoning & Statistics Business Economics & Business and Commercial Knowledge | ——- Part A: Business LawBusiness Part B:Correspondence & Reporting Part I: Business Mathematics & Logical Reasoning Part II: StatisticsPart I: Business Economics Part II: Business and Commercial Knowledge |
Note:
- 3 hours are allotted for each paper
- Negative Marking is done for Paper 3 and Paper 4: ¼ th of the mark
CA Inter Exam Syllabus 2021
Paper | Subject | Subject Parts |
Accounting Corporate Laws & Other Laws Cost and Management Accounting Taxation Advanced Accounting Auditing & Assurance Enterprise Information Systems & Strategic Management Financial Management & Economics for Finance | —– Part I: Corporate Laws Part II: Other Laws ——- Section A: Income Tax Laws Section B: Indirect tax Laws —— Section A: Enterprise Information System Section B: Strategic Management Section A: Financial Management Section B: Economics for Finance |
Note:
- Each paper is of 100 marks.
- An aggregate 50 % marks is required as per CA Intermediate New pattern.
- No negative marking in 2021.
CA Final Syllabus June 2021
Paper | Subject | Subject Parts |
| Financial Reporting Strategic Financial Management Advanced Auditing & Professional Ethics Corporate Laws & Other Economic Laws Strategic Cost Management & Performance Evaluation Elective Paper Direct Tax Laws Advanced Indirect Tax Laws | —— ——- —– —— —- —– Part I: Direct tax Laws Part II: International Taxation |
Note:
- Each paper is of 100 marks
- Each paper is for three hours.
- No negative marking
It is a combination of sheer grit, determination, hard work, and able guidance which helps a candidate clear all the papers and achieve a good result in CA exams leading to a great career. Edulyte ensures that not only you learn from the best tutors in the CA field through our Live Classes but also master the techniques to score well. Time management and development of analytical skills are the core of Eduylte’s sessions. And all this is combined with the latest tech tools in learning.
Join our free demo CA preparation class today and experience the benefits of our Live Classes.
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