The Institute of Chartered Accountants of India (ICAI)
Learn number crunching at ICAI
Becoming a Chartered Accountant remains one of the most coveted and cherished career and getting a degree in the same from a prestigious institute is the perfect combination for a smooth career in accounting. The Institute of Chartered Accountants of India (ICAI) is country’s premier institute offering degree in the same.
If Accounting is your favorite subject and numbers come easily to you then a career as a Chartered Accountant (CA) can be best suited for you in terms of work and remuneration. CAs make a decent amount of money and come what may, any recession or slump in the economy, their prerequisite may never go down as each and every organization, individual and association needs some or the other accounting advice from a good and reputed CA. One can choose to work as a company CA or a personal CA of an entrepreneur/businessman or have their own consulting firm. After becoming a certified CA, one is assured of making a good and revered living.
To get there, one needs a degree in Chartered Accountancy and the Institute of Chartered Accountants of India is one of the most prestigious institutes to earn a degree in Chartered Accountancy not only in the country but across the world.
A Statutory Body
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 and is looked upon with respect globally and has over the years become the second largest accounting body in the world. It is trusted for its curriculum, academic edge, professionalism and the quality of CAs that it produces. All of its exams, from entrance to finals, are conducted by the ICAI itself to ensure that the accounting standards are maintained and the quality of the alumni keeps getting better. These exams are conducted twice every year.
The entrance exams are tough and aim to test both objective and subjective skills of the students. Question papers are set in a manner that prods the reasoning and practical skills and understanding of a student. There are different levels that need to be handled ingeniously by regularly increasing the intensity of study and preparing one’s mind for the most complex type of questions. This requires rigorous study and a well chalked out preparation module.
Difficulty increases at each level
Cracking the entrance exam and getting into The Institute of Chartered Accountants of India (ICAI) is not the end in itself and it is in fact the beginning of the real test of one’s intellectual and academic capacity. The level of difficulty increases with each and every the level of CA at ICAI. At the entrance level, only basic knowledge about accounting is tested, but later on as one starts getting into the nitty gritty, actual intelligence and academic acumen gets stalled.
The churning starts at the second tier of CA IPCC, wherein practical as well as theoretical acumen of the students is put to test. One has to prove how one stands tall amongst others and is able to sustain the pressure of the job that the profile of a CA brings along.
At the final tier, one’s reasoning skills are one’s best friends and best bet. This level is all about the implementation of theories learnt and putting them into practical use. This level prepares one for real life situations and work situations that may be complicated and full of pressure and stress. At this level, the exams are structured according to the realities of the professional life. Questions check and gauge one’s ability to react in real life situations in real time, in a way preparing students for any and every possible stumble they may face while they work. So, are you game for the roller coaster joy ride? All the best!!!
The author Anupam is a media consultant and an avid writer with ten years of experience in print and television media. He has written thousands of useful articles on various courses in engineering, medical, art, MBA, media etc.