How To Become CA After 12th Commerce Without Maths in 2023: Candidates who are going to complete their 12th grade must be considering a wide range of career options, and one of the most popular choices for commerce students is chartered accountancy.
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CA is ranked among the toughest exams and the highest-paid career options. But do you know how to become a CA after 12th commerce? What is the required CA eligibility, exam format, and syllabus? How to become a CA after 12th commerce without math? If you are struggling to find the answer to these questions, then you have landed in the right place.
Chartered accountants are one of the most important, respected, and highly paid individuals in our country. In fact, the Institute of Chartered Accountants of India (ICAI), which regulates the profession of chartered accountancy in India, is the second-largest professional accounting and finance body in the world.
What is CA?
Do you know what a chartered accountant does? Chartered accounting involves the management of financial accounts, auditing, budgeting, taxation, and various other undertakings related to accounting.
A certified accounting professional who takes care of accounting-related matters such as filing tax returns, auditing financial statements, preparing and reviewing financial documents, managing business accounts, etc. is known as a Chartered Accountant.
A chartered accountant can also provide financial advice and money management strategies to an individual or business. They are eligible to work in various sectors of the economy, be they private or public.
Many 10+2 students prefer to enrol in the commerce stream without taking math. But does this limit your chances of becoming a chartered accountant in 2023? The answer is absolutely no.
Check out this amazing infographic that will tell you everything you need to on how to become CA after 12th commerce without math in 2023.
Is Math Mandatory for CA?
If you look at the chartered accountant eligibility requirements, math is not a compulsory subject for the CA exam. Students pursuing or who have completed their 10+2 in commerce or any other stream without math are equally eligible to pursue Chartered Accountancy.
However, it will be quite tough for non-maths students to pursue the initial stages of the Chartered Accountancy course as compared to the students with math, as it involves a lot of mathematical computations for accounting and finance.
Such candidates can take a short-term math course that emphasizes the essentials needed for CA to improve their understanding of fundamental concepts.
Why Choose CA as a Career?
The entire world runs on money, and managing finances is one of the trickiest things out there. Hence, accounting professionals like CAs are always in high demand among various organizations, irrespective of industry or sector.
The CA professionals are widely recognized. The Chartered Accountant does not only work for big firms; even small firms need the assistance of a CA when dealing with financial issues.
Do you know that as of April 2018, there were only 2.82 lakh CAs in India, out of which only 1.25 lakh were working full-time? This means that only approx. 44% of the total CAs were actively working in the country.
Considering the fact that India has 6.8 crore taxpayers, which is increasing with many new businesses established every year, the current availability of CAs is totally insufficient.
Benefits of Becoming a Chartered Accountant
The value and demand of CA are huge in India. The CA can work in any industry as a full-time worker or as an independent worker. A list of some of the benefits of becoming a chartered accountant is provided below.
- CA professionals can earn a hefty amount of money by working both full-time and independently.
- A career as a chartered accountant is a demanding one.
- Professional and social growth
- The CA is a consistently growing field; hence, the demand is high.
What is the Entrance Exam for Chartered Accountants?
To become a CA after 12th grade in 2023 without math, you are required to complete the training designed by the Institute of Chartered Accountants of India (ICAI).
The ICAI offers three-level CA courses in India. ICAI conducts the Common Proficiency Test (CPT) as the entrance exam for Chartered Accountants, allowing aspirants to get certified as Chartered Accountants.
The types of CA courses are provided below.
- CA Foundation course (previously known as Common Proficiency Test – CPT)
- Intermediate Course (previously known as Integrated Professional Competence Course – CA IPCC
- CA Final Course
The ICAI is the statutory body that regulates the profession of chartered accountancy in India. First established on July 1, 1949, ICAI is the only licensing and regulating body of the financial audit and accountancy profession in India.
CA Exam
- CA Foundation (previously known as Common Proficiency Test – CPT)
- Integrated Course on Information Technology and Soft Skills – ICITSS
- CA Intermediate (previously known as Integrated Professional Competence Course – IPCC )
- Articleship (A three-year training program)
- Advanced Integrated Course on Information Technology and Soft Skills – AICITSS
- Final Examination
What is the CA Eligibility?
There are a series of courses and training programs followed by examinations at various levels for candidates to become a CA after the 12th, and only eligible candidates can pursue them.
The basic qualification for CA is 10+2 from a government-recognized board, preferably in the commerce stream. Candidates who have completed their graduate or postgraduate commerce with a minimum score of 55% (for non-commerce graduates and postgraduates, the minimum score requirement is 60%) are eligible to apply.
Intermediate-level passed aspirants from the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICAI) are also eligible.
| Foundation Path | To be eligible for the common proficiency test, candidates must have completed their class 12 from a recognised board. |
| Direct Entry Path | To apply to the ICAI for the registration of intermediate tests via the direct entry method, candidates must possess an undergraduate degree. The percentage required is 55% for UG/PG in commerce and 60% for non-commerce degree holders. |
How to become CA after 12th in 2023?
There are two ways to approach the Chartered Accountancy course. You can either start your journey to becoming a chartered accountant right away after completing your 10+2 standard or after completing your post-graduation and then start.
Both ways are almost identical, but having a graduation or post-graduation degree will let you skip a few steps that are mandatory if you are starting out just after your 12th standard.
Now, let’s discuss the two ways you can start your journey.
1. The Foundation Course Route
This route is specifically for aspirants, applying for the chartered accountant course directly after completing their 10+2 standard. Here are the steps you need to follow.
- Register with the Board of Studies and get yourself enrolled in the CA Foundation Course (link here!).
- Complete a 4-month study period and appear in the CA Foundation Exam.
- Clear the CA Foundation Exam and get enrolled in the CA Intermediate Course.
- Complete a 4-week Integrated Course on Information Technology and Soft Skills (ICITSS) before the commencement of the articleship.
- Complete an 8-month study period of the CA Intermediate course.
- Appear for two groups of exams after completing the CA Intermediate course. (You need to clear at least one group to move forward.)
- Register for a 3-year articleship training program after clearing either or both groups of the CA Intermediate exam.
- Pass the remaining group of the CA Intermediate Exam if there’s any.
- Get yourself enrolled in the CA Final Course.
- Complete a 4-week Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of articleship training and before appearing for the final exam.
- Appear for the Final Exam either during the last 6 months of your Articleship or after completing it.
- Successfully complete your Articleship.
- Successfully clear your CA Final Examination.
- Become a member of ICAI as a “Chartered Accountant”
2. The Direct Entry Route
- This route is quite similar to the “Foundation Course Route.” The only difference is that you can skip the CA Foundation Course and Exam and begin with the CA Intermediate Course. This route is specifically for graduate and postgraduate aspirants. Here are the steps you need to follow:
- Register with the Board of Studies and get yourself enrolled in the CA Intermediate Course.
- Complete a 4-week Integrated Course on Information Technology and Soft Skills (ICITSS) before the commencement of the articleship.
- Complete an 8-month study period of the CA Intermediate course.
- Appear for two groups of exams after completing the CA Intermediate course.
(You need to clear at least one group to move forward.) - Register for a 3-year articleship training program after clearing either or both groups of the CA Intermediate exam.
- Pass the remaining group of the CA Intermediate Exam if there’s any.
- Get yourself enrolled in the CA Final Course.
- Complete a 4-week Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of articleship training and before appearing for the final exam.
- Appear for the final exam either during the last 6 months of your articleship or after completing it.
- Successfully complete your articleship.
- Successfully clear your CA final examination.
- Become a member of ICAI as a “Chartered Accountant” (CA).
CA syllabus
As mentioned above, the CA course is divided into 3 segments: foundational, intermediate, and final; hence, the CA syllabus also varies depending on the type of exam. However, the CA syllabus for the 3 segments includes subjects such as strategic financial management, financial reporting, advanced accounting, etc.
CA Foundation Syllabus: CPT is the entry-level exam, which is divided into four papers. The chartered accountant foundation syllabus includes in-depth subject knowledge of logical reasoning and statistics, business economics, business law, business mathematics, and commercial knowledge.
CA Intermediate Syllabus: The chartered accountant intermediate exam consists of two groups (group 1 and group 2), each further divided into four subjects. The topics that are included in the intermediate exam are taxation, advanced accounting, strategic management, auditing, company law, cost management, auditing and assurance, financial management, etc.
Career Scope after becoming a CA
As we said earlier, the whole world runs on money, and chartered accountants are some of the few professionals who are specialized in financial matters.
- Financial Institutions
- Business Firms
- Industries
- Consultancy Firms
- Banks
- Capital Markets
are a few of the many sectors that are always seeking out skilled Chartered Accountants to manage their finances and accounts.
CAs always have the freedom to either work for a business or an organization and help manage their finances, auditing, taxation, and more in both the private and public sectors.
CAs can also work individually, run their own chartered accountancy firm or consultancy, and offer their services to those who seek them.
There are multiple ways you can approach your professional career after becoming a CA; it’s just a matter of choosing what suits you the most.
What is the CA Job Profile?
India is already in a deficit when it comes to the number of chartered accountants working actively in our country. With that being said, India has a huge number of job opportunities for skilled chartered accountants.
The Chartered Accountant’s job role is to use their accounting knowledge to direct their clients’ financial plans and make sure all tax-related actions are consistent with local, state, and federal laws.
The chartered accountant has to look after the following:
Financial Accounting: Manage financial accounts; prepare and maintain financial documents and invoices; run internal audits; manage taxation.
Tax Management: Reviewing the tax situation, advice on tax planning, and tax reporting
Cost Management: Budgeting, expenditure control, cost forecasting, and cost-saving strategies
Auditing: Perform internal financial audits as per the Company Act; review and fix errors found while auditing.
Consultancy: Provide advice on financial matters, business expansion, profits, project planning, and more.
What is the CA Salary?
The average Chartered Accountant salary in India ranges from INR 5,00,000 to 8,00,000 LPA. But like any other profession, the salary varies and increases with time and experience.
1–4 years of experience: INR 3,00,000–11,00,000 LPA
5–10 years of experience: INR 5,00,000–20,00,000 LPA
10–19 years of experience: INR 7,00,000–28,00,000 LPA
Chartered accounting is considered one of the toughest professions out there, and it takes a lot of dedication and some very important skills to succeed in it.
What skills are required to become a CA?
Becoming a chartered accountant is not an easy task. Candidates need to put in a lot of effort, especially to become CAs after 12th grade. Candidates should have a set of skills such as analytical ability, communication skills, logical power, etc.
Not all of us have a complete set of skills with us, and this is completely fine as nobody is perfect. The ability to accept your failures and fix them is the most important skill you must possess.
Analytical Ability: CA needs to perform various tasks based on multiple calculations, arithmetic, data, reports, etc.
It requires a good analytical mindset to work on such complex subjects. Having an analytical mindset also improves your analytical skills.
Communication skill: Getting your message across is equally important as gaining information.
As a CA, you will be interacting with various clients, peers, and stakeholders, and it’s crucial for a chartered accountant to convey his or her thoughts and advice effectively.
Patience: The journey to becoming a CA takes years to fulfil, 5 years to be precise, but sometimes it takes more than that as not everyone learns and achieves at the same pace.
Hence, it is important to have patience if you wish to pursue this profession.
Self-Motivation: Chartered accounting is a dynamic profession, which means that you need to keep educating yourself according to the most current financial advancements on a regular basis.
Nobody but you will be responsible for your own skillset, and this constant learning requires self-motivation.
Ability to Accept Failures: Pursuing one of the most difficult professions is not easy; despite your constant efforts, you will find yourself struggling in various stages of this journey.
Conclusion
Becoming a chartered accountant is not an easy feat, and certainly not an easy journey. Chartered accountants are among the most respected individuals in society, not because of their higher salary or status, but because not everybody manages to become one.
But again, it’s your determination that always leads you towards your goals. I hope this article has helped you understand how to become a CA after 12th grade in 2023.
CA after 12th FAQ’s
Ans: The candidates must have completed 10+2 from a recognised board or be graduate or postgraduate aspirants in commerce with a minimum score of 55%. For non-commerce degree holders, the required score is 60%.
Ans: No, students pursuing or who have completed their 10+2 in commerce or any other stream without math as a subject are somewhat equally eligible to pursue Chartered Accountancy.
Ans: No, there are no age restrictions for students who want to apply for the CA Foundation exam.
Ans: Chartered accountants are among the most respected individuals in society, not because of their higher salary or status, but because not everybody manages to become one.
