ICAI Entrance Exam

The starting salary of a Chartered Accountant (CA) in India can vary depending on several factors such as:Job Location: Metro cities like Mumbai, Delhi, and Bangalore generally offer higher starting salaries compared to smaller cities or towns.Industry Sector: Certain sectors like consulting, investment banking, and MNCs might offer higher starting packages compared to traditional sectors like manufacturing or public practice.Company Reputation: Well-established companies or MNCs might offer more competitive salaries compared to smaller firms.Candidate's Skills & Experience: Those with additional qualifications, certifications, or prior internship experience might be able to negotiate a higher starting salary.Here's a general range for the starting salary of a CA in India (as of June 4, 2024):6 Lakhs - 8 Lakhs per Annum (LPA): This is a common range for freshers with no prior experience, especially in smaller firms or non-metro cities.8 Lakhs - 12 Lakhs LPA: This range is more likely for CAs placed through campus placements at top institutes or recruited by Big 4 accounting firms or MNCs in metro cities.

There are four sections to the CA Foundation course. To pass the test, candidates must fully understand these subjects during their coursework.CA Foundation Paper 1: Accounting Principles and Practice Business Laws and Business Correspondence and Reporting is the second CA Foundation Paper.There are two sections in the CA Foundation document. There are five papers in Section 1. In order to take the foundation exam, these chapters must be completed in the allotted time. Business Economics and Business and Commercial Knowledge is the fourth CA Foundation Paper.Principles and Practice of Accounting, by PC and Bharat Tulsian, is the first paper in the CA Foundation Books. PC Tulsian, Tushar Tulsian, and Bharat Tulsian are the CA Foundation Books for Paper 2: Business Laws, Business Correspondence, and Reporting.

An extensive range of subjects pertaining to accounting, auditing, taxation, financial management, and other aspects of business and finance are covered in the syllabus of the ICAI (Institute of Chartered Accountants of India) CA Intermediate course. There are two groups on the syllabus, each with four courses. The following topics are covered in the syllabus for the CA Intermediate course:Group I: 1. Bookkeeping2. Laws pertaining to corporations and other legal matters3. Accounting for Cost and Management4. LevyingGroup II: 5. In-depth Bookkeeping6. Assurance and AuditingSeven. Strategic Management and Enterprise Information Systems8. Economics for Finance and Financial ManagementThe curriculum is regularly revised to reflect the evolving regulatory landscape and corporate environment, guaranteeing that CA Intermediate students have the skills and knowledge necessary to succeed.

The criteria for shortlisting candidates for placements is determined by the participating organizations themselves. The maximum number of shortlisting by recruiting entities cannot exceed 10 times the number of vacancies they declared for Chartered Accountancy.Also, the participating organisations usually shortlist candidates depending upon overall educational qualifications, number of attempts, other attributes, Completion of Articleship training and in case a greater number of candidates qualify the selection criteria companies may choose on random basis as per their choice.Organisations participating in the Campus Placement Programme prefer that the candidates selected by them should be ready to join the organisations immediately and should not claim that their Articleship training is pending and require more time to join.

Ernst & Young (EY), PricewaterhouseCoopers (PWC), Klynveld Peat Marwick Goerdeler (KPMG) and Deloitte are the top private companies that hire CAs. They are known as The Big Four. CA professionals can seek employment in these companies as well as other enterprises if they don't want to practice independently.The ICAI has its own placement cell to, through which it provides placements to candidates who complete the Chartered Accountancy course. Some of the top companies that participate in the campus placements are Infosys, Pankaj Somaiya Associates LLP, Prism Johnson Limited, Tata Consultancy Services Ltd, Bandhan AMC Ltd, Mahindra Rural Housing Finance Limited, Hindalco Industries, Ford Motor Private Limited, LIC Housing Finance Ltd, Axis Bank among others.