Ever since, CLA has been providing the most challenging yet esteemed CA examinations. After successfully completing all three levels of this unique degree and the gruelling three-year articleship, the institute certifies a candidate as a certified chartered accountant. We will give a succinct rundown of the CA Foundation, CA Intermediate, and CA Final test levels today. It is common knowledge that one of the most well-known and in-demand career pathways is chartered accounting, with tremendous growth potential for its many students and members on a national and worldwide scale.

A certified public accountant is referred to as a “Chartered Accountant” after receiving certification from a statutory organisation. The only statutory entity in India that was created in 1949 under the Chartered Accountants Act of 1949 is the CLA. Since then, the ICAI has been offering the most prestigious and challenging CA exams. Upon passing all three levels of this unique course and the gruelling three years of training, the institute certifies a candidate as a qualified chartered accountant. We’ll talk about the CA Foundation test today, which took the role of the Common Proficiency Test (CPT) on July 1, 2017.

But before that, the first thing that would cross our innocent minds is the reason why we, as students, had to enter this difficult and demanding field of work. It would thus come as a surprise to hear that the need for capable and astute chartered accountants has increased dramatically in recent years when discussing some of the many and attractive prospects that exist for a CA expert. Every year, India looks for between 7,500 and 10,000 CAs, and the number is rising.

Almost every sector and innumerable commercial organisations, both locally and globally, need a CA professional to oversee their large accounting department.

As a result, a chartered accountant (CA) has a wide range of professional options. He may decide to start his own independent practise or work as an employee in an organisation.

In many diverse sectors, including internal auditing, forensic audit, statutory audit, taxation advising, financial reporting, banking, and many other services, a chartered accountant is a valued and indispensable employee of a firm. However, because they are qualified to offer independent auditing services and expert advice to both individuals and companies, chartered accountants can work independently in a wide range of diverse and broad fields, such as being their own boss and running their own consulting business. A chartered accountant (CA) may swiftly acquire a solid grasp of the complicated workings of the stock market and is extremely proficient in it. A CA should so anticipate generating enormous returns. Furthermore, A CA can pursue a noble profession as a teacher and impart his priceless knowledge to pupils if he has a great desire to aid in the development of young brains. In the modern world, being a teacher is not only very rewarding, but it’s also considered a wealthy career.

Therefore, it is evident that there are many opportunities for a qualified and knowledgeable chartered accountant; nonetheless, the path to success as a CA is by no means straightforward. The three difficult and varied steps that a student must complete in order to don the hat of a highly educated CA professional will now be made clear. It requires a student’s unceasing efforts in addition to the right kind of inspiration and direction from his instructors.

It’s evident that there are many opportunities for a qualified and knowledgeable chartered accountant, but becoming a successful CA is by no means simple. A student must study very hard and be inspired and mentored by their lecturers in order to become a highly proficient CA professional. Let’s examine the three difficult and varied stages that students must complete. The three levels are as follows –

CA Foundation
CA Intermediate
CA Final