Chartered Accountant is a designation given to professionals of accounting. It is a good career option for the students interested in the subjects like Taxation and Accountancy. To become a certified Chartered Accountant, candidate has to qualify 3 level examinations conducted by Institute of Chartered Accountants of India (ICAI). The whole course structure includes both academics and practical training. These exams are held twice a year i.e., in the month of May and November.
Candidates who have passed/appeared senior secondary i.e., 12th exam are qualified to attempt CA Foundation.
Examination pattern for this level includes both MCQ based papers and subjective papers. Each paper contains questions for 100 marks. MCQ based papers have negative marking scheme with the deduction of 0.25 marks for each wrong answer.
Further, candidates who qualify CA Foundation exam or are Graduate can attempt CA intermediate level exams. In this stage we have 8 papers divided into 2 groups. Student can attempt either of the group or both the groups simultaneously.
In the second stage each paper has a weightage of 100 marks. Students must secure minimum 40 marks in each paper. Apart from the minimum passing for each paper, Student must mandatorily also secure aggregate passing marks for each group i.e., 200 marks for Group I and Group II respectively.