The varied and ever-changing business landscape worldwide has increased the need for expertise, knowledge, and skills in accounting. This applies to academics, corporate roles, and the accounting profession, regardless of the size or type of business. While the specific knowledge and expertise might vary, the necessary skills are quite similar.
Choosing a Bachelor of Business Administration (BBA) in Accounting is a wise decision in this context. A BBA Accounting Degree not only offers a versatile education that covers modern-day financial principles but also establishes a strong foundation for CA career.
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Most sought-after accounting courses
These changing needs have led organizations like the Institute of Chartered Accountants of India (ICAI), the Institute of Cost and Works Accountants (ICWA), and the National Advisory Committee on Accounting Standards (an advisory group for the government) to create accounting rules and standards for companies to follow.
Top-notch career options after pursuing courses in accounting
There are a lot of career opportunities available after studying accountancy. Be it at the higher secondary level, undergraduate level, or postgraduate level. The opportunities range from a junior accountant to the Controller General of Accounts (CGA) in the bureaucracy. A few top-notch accounting officials in the public and private sectors are the Chief Financial Officer (CFO), Certified Management Accountant (CMA), Chartered Accountant (CA), Cost Accountant, etc., to name a few.
Why Chartered Accountancy?
Though many courses in accounts, auditing, and finance are available in our country, the demand for Chartered Accountancy has been evolving unprecedentedly. The various factors are involved such as salary, prestige, freedom, and independence offered to the aspirants in their personal and professional lives.
Basic Eligibility and Levels of the CA Course
The basic eligibility for joining the course depends on the stream of study one has chosen for the senior secondary class:
Commerce Students: Students who have completed their higher secondary education in commerce from a recognized board are eligible to pursue the CA foundation course. However, they must have secured a minimum aggregate of 50% marks in their higher secondary grade.
Science Students: For students with a background in science in their higher secondary education, they can also enrol in the CA foundation course. However, they are required to have a minimum of 55% aggregate marks in their higher secondary studies to be eligible for the course.
Arts Students: Even students from arts background in their higher secondary education can also pursue the CA foundation course. However, they must meet the requirement of having a minimum of 55% aggregate marks in their higher secondary education to be eligible for enrollment.
About BBA ATA course at Inspiria Knowledge Campus
Given the ever-evolving demand for the CA, Inspiria Knowledge Campus, Siliguri offers BBA (Accountancy, Taxation, and Auditing), among various other courses, which include Fundamentals of Accounting, Cost Accounting, Advanced Accounting, Indian Financial System & Market, Principles of Taxation, Management Accounting, Accounts Software Packages and Tax Filing, Auditing & Assurance, Quantitative Techniques for Management, Advanced Auditing, Advanced Tax Law Practices, Corporate Accounting, Financial Reporting, Indirect Tax Law Practices, Financial Management, Public Finance & Taxation, Advanced Accounting Packages (ERP & Tax Planning), and Tax Planning & Procedure.
BBA ATA serves as a solid foundation for students who aspire to pursue their Chartered Accountancy, Cost Accountancy, Company Secretary, or even US CMA Course.
It equips them with essential knowledge and skills that are valuable in several related fields making it one of the best BBA courses in Siliguri for CA aspirants.
CA Course Levels
The CA course can be divided into Four levels: Total Fees: After 12th Class (Higher Secondary): Rs. 87,300/-; After Graduation or Post Graduation: Rs. 76,200/-.
CA Foundation Course Duration: 6 months for the 12th-passed-out students (Commerce Stream): aggregate 50% marks; Science and Humanities (Arts): aggregate 55% marks. Duration: 6 months Syllabus: Paper 1: Principles and Practice of Accounting; Paper 2: Part-I: Business Laws; Part-II: Business Correspondence and Reporting; Paper 3: Part-I: Business Mathematics; Part-II: Logical Reasoning; and Part-III: Statistics Paper 4: Part-I: Business Economics, Part-II: Business and Commercial Knowledge
The CA intermediate course is of 10 months duration. There are two ways to join this course. First is the foundation course. In this, candidates need to qualify the CA foundation course with a minimum aggregate of 50% marks by securing a minimum of 40% in each subject.
(2) Direct Entry: Graduates or post-graduates in commerce with a minimum 55% marks become eligible. In case of other graduates or postgraduates, a minimum 60% marks need to be secured to become eligible to apply.
Syllabus: Total of Two Groups: Group 1: Paper 1: Accounting; Paper 2: Corporate Laws and Other Laws (Part I: Company Law and Part II: Other Laws); Paper 3: Cost and Management Accounting, Paper 4: Taxation (Section A: Income-tax Law and Section B: Indirect Taxes) Group 2: Paper 5: Advanced Accounting, Paper 6: Auditing and Assurance Paper 7: Enterprise Information Systems and Strategic Management (Part I: Enterprise Information Systems and Part II: Strategic Management) Paper 8: Financial Management and Economics for Finance (Part I: Financial Management, Part II: Economics of Finance).
Articleship: Duration: 3 Years: It is mandatory to undergo the first two years of training under a practising CA (a CA firm). In the third year, there is the option for either choosing (a) to continue with the same CA firm or (b) to go for industrial training under a CA in industrial employment.
CA Final: Minimum Duration: 8 Months Total Groups: Two Total Subjects: 8
Syllabus Group I: Paper 1: Financial Reporting, Paper 2: Strategic Financial Management, Paper 3: Advanced Auditing and Professional Ethics, Paper 4: Corporate and Economic Laws, Group II: Paper 5: Strategic Cost Management and Performance Evaluation, Paper-6 (Paper-6A: Risk Management, Paper-6B: Financial Services and Capital Markets, Paper 6C: International Taxation, Paper-6D: Economic Laws, Paper-6E: Global Financial Reporting Standards, Paper 6F: Multidisciplinary Case Study, Paper 7: Direct Tax Laws and International Taxation, and Paper 8: Indirect Tax Laws.
CA Examination and its pass percentage:
It is noteworthy to mention that the pass percentages of CA (inter-for the last few years) give a clear picture of the requirements of quality, skills, and performance of the candidates besides the meticulous assessment and evaluation system:
|Month & Year of the Exam||Pass Percentage (%)Old Course (both Groups)||Pass Percentage (%)New Course (both Groups)|
|May 2020||Cancelled and merged with Nov 2020|
The given data shows the evolving trend towards the preference of the CA Course and the levels of its meticulous assessment and evaluation system. For more information, you may please visit https://www.icai.org.
The scope for accountancy and commerce as subjects of study, professions, and function has been evolving in unprecedented ways.
Frequently Asked Questions
It covers a wide range of topics such as accounting, taxation, internal audit, statutory audit, corporate finance, risk management, and more. In addition to these core courses, students may also take up optional courses that align with their professional goals.
After BBA ATA or any other graduation, the course of CA takes a minimum of 3 years to crack. However, if you go for any extra attempts, that will take you six months extra for each case. Graduates are allowed to apply for CA intermediate without having to pass the foundation level.
There are no age restrictions to become CA in India.
Yes, BBA program can be challenging, but it can also provide a solid foundation for a career in business and provide valuable skills and knowledge that can be applied in many different industries, careers, and business settings.