What are the three levels of the CA program in India?

Foundation Course:

The foundation course is the entry-level course for the CA program in India. Students who have completed their Class 12 or equivalent from any recognized board or institution can enroll in this course. The foundation course consists of four papers, which are Principles and Practices of Accounting, Business Laws and Business Correspondence and Reporting, Business Mathematics and Logical Reasoning and Statistics, and Business Economics and Business and Commercial Knowledge. The duration of this course is four months.

Intermediate Course: 

 The intermediate course is the second level of the CA program in India. Students who have completed the foundation course or have graduated in any stream other than Commerce with a minimum of 55% marks can enroll in this course. The intermediate course consists of two groups, each having four papers. Group I includes Accounting, Corporate Laws and Other Laws, Cost and Management Accounting, and Taxation. Group II includes Advanced Accounting, Auditing and Assurance, Enterprise Information Systems and Strategic Management, and Financial Management and Economics for Finance. The duration of this course is eight months.

Final Course: 

 The final course is the last and the most crucial level of the CA program in India. Students who have completed the intermediate course can enroll in this course. The final course consists of two groups, each having four papers. Group I includes Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, and Corporate and Economic Laws. Group II includes Strategic Cost Management and Performance Evaluation, Elective Paper, Direct Tax Laws and International Taxation, and Indirect Tax Laws. The duration of this course is eight months.

Once a student completes all three levels of the CA program, they are required to complete three years of practical training under a practicing Chartered Accountant. After the completion of practical training, the student needs to clear a Final Examination that is conducted by the ICAI. The examination is divided into two groups, and a student needs to clear both groups to become a Chartered Accountant. 

 In conclusion, the CA program in India has three levels, namely Foundation, Intermediate, and Final. Each level has its own set of subjects and requirements, and a student needs to complete all three levels to become a Chartered Accountant. The program is designed to provide students with in-depth knowledge and skills in accounting, finance, and taxation, and is highly respected in the corporate world.

Reference Links:-

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