CA stands in the third position when it comes to the most challenging entrance exam in India. Also, CA is considered one of the best professions in the world. That is why millions of students are giving their hundred percent in order to crack the CA exam.
There are two doors to get into a chartered accountancy course. The first one is via the CA foundation and the second one is CA Inter Direct Entry Mode. CA Foundation is the entrance exam that students face in order to get entry into a chartered accountancy course.
Whereas CA entry direct mode is an alternative process that helps the student to get a direct entry for CA intermediate courses. The direct entry scheme was launched in 2012 by the ICAI to give opportunities to graduate and post-graduate students to become CA.
In this blog, you will learn about the CA direct entry route, its eligibility, process, duration, and classes by the best CA coaching classes- AJ Next
Courses provided by AJ Next
One of the best CA inter coaching classes available in Mumbai is AJ next that is founded by renowned CA Anuj Jalota. This is considered to be the best CA class in Mumbai.
This institute provides you with courses like-
- CA Foundation
- CA Inter Direct
- CA Inter Regular
- CA Final
What is CA entry direct mode?
The direct entry route scheme was launched by ICAI on 1st August 2012. With the help of this scheme, students have the opportunity to directly enroll themselves for the CA intermediate course. CA direct entry mode is an alternative for the CA foundation.
CA entry direct mode eligibility
There are certain eligibility criteria on the basis of which ICAI decides whether you are eligible to enter its intermediate course via direct entry route or not. The following eligibility criteria according to ICAI are-
1) The Graduated student(Commerce stream)
The eligibility criteria for students who have completed their commerce stream is-
The aggregate marks should be 55 percent. These aggregate marks should be calculated from the total of all three years of graduation.
2) Graduated student(non-commerce stream)
The eligibility criteria for Non-commerce graduate students are a little different. Non-commerce students should have 60 percent aggregate marks throughout 3 years of course. So, students from the arts and science stream should keep that in mind.
Same terms and conditions for post-graduates.
3) CS/CMA intermediate passed –
Independent off-stream and the percentage you scored in your graduation, there is one more criterion by ICAI to help you enter CA intermediate course. The eligibility criteria are you must have passed exams of a company secretary or cost accountant. These exams are organized by the institute of company secretaries of India and the institute of cost accountants of India respectively.
CA entry direct mode complete process
I)If you are eligible to apply for CA intermediate then first of all visit the ICAI website and fill out the registration form.
ii) Complete 8 months study period with that complete 4 weeks integrated course of IT and soft skills.
iii) CA intermediate exam consists of 8 subjects that include group I and group II. Each group consists of 4 subjects.
Group I includes-
2) Corporate and other laws
3) Cost and management accounting
Group II includes-
1) Advanced accounting
2)Auditing and assurance
3)Enterprise information system and Strategic Management
4)Financial management and economics for finance
Now you need to qualify for both groups’ examinations.
iv) After qualifying for both groups’ examinations, register yourself for 3 years of practical training which is known as articles.
v) Complete 4 weeks of an advanced integrated course of IT and soft skills during the last years of articles.
vi) Now you need to appear for the CA final exam after completing 2.5 years of articles.
vii) Crack the exam successfully
viii) Congratulations now you are a member of ICAI and a CQ of course.
Period of Articleship for CA Direct Mode students
All about articleship
Articleship period is equal for everyone. Articleship is the practical training in which we work on real assignments under real employers. Articleship is a 3-year training of articles( students who are participating in articleship) in a chartered accountancy firm.
It is considered the golden period for any CA student. The articles work closely under principles (real employer under whom you are doing articleship) and thus they get precious experience that works a lifetime for them.
Why AJ Next Education is the best coaching class in Mumbai?
i) Best Faculty
ii) Comprehensive study material
iii) Ease of class access
iv) Personal attention
v) Result delivery
In this article, we have discussed all CA entry direct modes in detail. It covers the direct entry scheme, eligibility criteria, registration process for the intermediate exam, and strategy to prepare for it. It includes a stepwise process from the beginning to the very last to describe how one can qualify for CA.
You can’t ignore the fact that you need one of the best CA classes in Mumbai to crack this exam. Contact AJ next CA classes in Mumbai.