Ca course

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2018 Dear Sir/Madam,
My is 37yrs, i've done B.com & M.com. Since 12yrs i'm working in a pharma concern as an accountant but now i'm willing to do CA course.
When i enquired about the course they said that i've to leave my current job & to work or do Practical Training for 3yrs(full time) under chartered accountant then only i can take intermediate examination otherwise it is not possible.
Is it mandatory to work under chartered accountant for 3yrs(full time) at this stage? Or any other option to do CA course or is there any other courses which is helpful to my future in accounts.
Please guide me.
Thanking you,
Ajay

Expert : Anonymous

Expert : Anonymous (Expert)

01 March 2018 Chartered Accountancy course requires you to do articleship that is internship under a Chartered Accountant for three years. There is an option in the third year to go for Industrial Training where in you can work in any company not necessarily a CA. Until you complete your 2.5 yr of internship you can not give your CA final and complete the course. So for first two years you need to work under a CA mandatorily and last year you need not complusorily work under CA but you will need to fill form an opt for the same. You can decide yourself too where to do your articleship under which CA.

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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18 July 2024 Given your situation and background, here are some insights and options for you regarding the CA course and alternative courses in the field of accounts and finance:

### CA Course and Practical Training Requirements:

1. **Mandatory Practical Training (Articleship):**
- The CA course requires mandatory practical training (articleship) under a practicing Chartered Accountant (CA) for a period of 3 years (full time) to be eligible to appear for the intermediate and final examinations.
- This is a structured training program designed to provide hands-on experience in various aspects of accounting, audit, taxation, and other areas relevant to the CA profession.

2. **Eligibility to Appear for Intermediate Exams:**
- Without completing the mandatory articleship, you won't be eligible to appear for the intermediate exams of the CA course. This requirement is set by the Institute of Chartered Accountants of India (ICAI), and it's crucial for obtaining the CA qualification.

### Alternatives and Other Courses:

1. **Other Professional Courses:**
- **ACCA (Association of Chartered Certified Accountants):** ACCA is a globally recognized qualification in accounting and finance, which might align well with your experience in the pharma sector.
- **CMA (Certified Management Accountant):** CMA focuses on management accounting and is ideal for professionals looking to enhance their skills in cost management, financial analysis, and strategic planning.
- **CPA (Certified Public Accountant):** While CPA is more relevant in the context of US accounting practices, it could be an option if you are looking to broaden your international accounting knowledge.

2. **Postgraduate Diploma/MBA in Finance:**
- Consider pursuing a postgraduate diploma or MBA specializing in finance or accounting. These programs offer comprehensive knowledge and practical skills in financial management, strategic planning, and decision-making.

### Decision Considerations:

- **Career Goals:** Assess your long-term career goals and whether becoming a Chartered Accountant aligns with those goals. Consider the roles and responsibilities you aspire to in your career.

- **Time Commitment:** The CA course requires significant commitment, especially with the mandatory practical training period. Evaluate if you are prepared to dedicate the time and effort required to complete the course.

- **Consultation:** Speak with career counselors or professionals in the field who have pursued similar paths. They can provide valuable insights and guidance based on their experiences.

### Conclusion:

While the CA course offers prestige and in-depth knowledge in accounting and finance, the mandatory practical training period may be a significant commitment at this stage of your career. Exploring alternative professional courses or higher education programs could also enhance your skills and career prospects in accounting and finance. Evaluate your options carefully based on your career aspirations and personal circumstances before making a decision.

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