Direct Entry in CA refers to a scheme offered by the Institute of Chartered Accountants of India (ICAI) which allows eligible candidates to directly enroll in the CA Intermediate course without appearing for the CA Foundation exam.
Under this scheme, graduates can register for the CA Intermediate Course. This is because the foundation level of knowledge is presumed to have already been acquired by the graduate due to their academic background.
Are you also looking forward to getting yourself registered for direct entry and earning a prestigious degree? Then, we will help you through this article to gain knowledge about the scheme, registration process, and more.
CA Direct Entry Scheme 2023
The Direct Entry Scheme in CA (Chartered Accountancy) is an accelerated route to becoming a chartered accountant, available to candidates who have completed their graduation and have obtained a bachelor’s degree from a recognized university.
To be eligible for the Direct Entry Scheme, the candidate must have obtained a minimum of 55% marks in their graduation or post-graduation if they belong to the commerce stream; in the case of the non-commerce stream, a minimum of 60% is required; or have passed the intermediate exam of the Institute of Company Secretaries of India (ICSI) or the Institute of Cost Accountants of India (ICMAI).
Upon completion of the CA Intermediate Course, the candidate must complete a 3-year practical training or articleship under a practicing Chartered Accountant. After completing the practical training, the candidate must pass the final level of the CA exam to become a fully qualified Chartered Accountant.
How to Register for CA Intermediate through the Direct Entry Route?
The process for CA Inter Direct Entrance upon graduation or post-graduation is described below:
- From the ICAI homepage, go to the Self-Service Portal.
- Register first, then visit Student Cycle once the authentication is complete.
- Choose the Intermediate through Direct entrance option.
- Thereafter, students must fill out their personal information.
- After verifying the information, click Save and Next.
- The OTP will then be emailed to the registered email address or mobile phone number when you click Create OTP.
- Enter the OTP to finish the verification procedure.
- After uploading the required papers, login, complete the CA intermediate form by providing the appropriate information, and then click Save and Next.
- Make the payment, after which the form will be submitted.
Direct Entry in CA after Graduation
To be eligible for the Direct Entry Scheme, a candidate must fulfill the following criteria:
- Hold a Graduation/Post Graduation degree in Commerce from a recognized university with at least 55% marks.
- Hold a Graduation/Post Graduation degree in any discipline other than Commerce from a recognized university with at least 60% marks.
- Have passed the Intermediate level of the Institute of Company Secretaries of India (ICSI) or the Institute of Cost Accountants of India (ICMAI).
Note: It is important to note that the Direct Entry Scheme is only applicable to candidates who meet the above-mentioned eligibility criteria. Other candidates need to follow the regular route and pass the CA Foundation exam before proceeding to the Intermediate level.
CA Inter Direct Entry Articleship Rules
The Institute of Chartered Accountants of India (ICAI) has introduced a scheme of Direct Entry to the Intermediate (IPC) Course for Graduates/Post Graduates, who wish to pursue the Chartered Accountancy Course. Here are the rules for Direct Entry Articleship:
- Completion of Orientation Course: Before commencing articleship, the student has to complete the Orientation Course. This course is designed to impart knowledge on various aspects of the profession and is intended to equip the student with the necessary skills to become a successful Chartered Accountant.
- Registration for Articleship: The student should register for articleship within 30 days from the date of completion of the Orientation Course and should have completed at least 9 months of articleship before appearing for CA intermediate exam.
- Completion of Information Technology Training: Before appearing for the Intermediate (IPC) Examination, the student has to complete 100 hours of Information Technology Training (ITT).
- Completion of Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS): After completion of the first year of articleship, the student has to complete four weeks of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS).
- Completion of Four Weeks Advanced Integrated Course on Management and Communication Skills (AICMC): After completion of the second year of articleship, the student has to complete four weeks of Advanced Integrated Course on Management and Communication Skills (AICMC).
CA Direct Entry Syllabus
The syllabus for CA direct entry is the same as that for candidates who take the CA intermediate exam through the CA foundation route. It consists of two groups and two right papers of 100 marks each.
The following is the syllabus for CA intermediate examination:
Group I-Paper-1: Accounting (Duration: 3 hours; 100 marks)
| S.no | Topics |
| 1 | Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs. |
| 2 | Framework for Preparation of Presentation of Financial Statements (as per Accounting Standards). |
| 3 | Applications of Accounting Standards |
| 4 | Company Accounts |
| 5 | Accounting for Special Transactions |
| 6 | Special Type of Accounting |
Paper-2: Corporate And Other Laws (Duration: 3 hours; 100 marks)
| Part I- Company Law (60 Marks) | |
| S.no | Topics |
| 1 | The Companies Act, 2013 |
| Part II- Other Laws (40 Marks) | |
| 1 | The Negotiable Instruments Act, of 1881 |
| 2 | The General Clauses Act, of 1897 |
| 3 | The General Clauses Act, 1897 |
| 4 | Interpretation of Statutes |
Paper-3: Cost And Management Accounting (Duration: 3 hours; 100 marks)
| S.no | Topics |
| 1 | Overview of Cost and Management Accounting |
| 2 | Ascertainment of Cost and Cost Accounting System |
| 3 | Methods of Costing |
| 4 | Cost Control and Analysis |
Paper-4: Taxation (Duration: 3 hours; 100 marks)
| Section-A: Income Tax Law (60 Marks) | |
| S.no | Topics |
| 1 | Basic Concepts |
| 2 | Residential Status and Scope of Total Income |
| 3 | Heads of income and the provisions governing the computation of income under different heads |
| 4 | Income of other persons included in the assessee’s total income |
| 5 | Advance tax, tax deduction at source, and introduction to tax collection at source |
| 6 | Aggregation of income; Set-off, or carry forward and set-off of losses |
| 7 | Deduction from gross total income |
| 8 | Computation of total income and tax liability of individuals |
| 9 | Advance tax, tax deduction at source and introduction to tax collection at source |
| Section- B: Indirect Taxes (40 Marks) | |
| 1 | Concept of Indirect Taxes |
| 2 | Goods and Services Tax (GST) Laws |
Group II- Paper-5: Advanced Accounting (Duration: 3 hours; 100 marks)
| S.no | Topics |
| 1 | Application of Accounting Standards |
| 2 | Special Aspects of Company Accounts |
| 3 | Reorganization and liquidation of Companies |
| 4 | Banking Companies and Non- Banking Financial Companies and regulatory requirements thereof |
| 5 | Consolidated Financial Statements |
| 6 | Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership. |
Paper-6: Auditing And Assurance (Duration: 3 hours; 100 marks)
| S.no | Topics |
| 1 | Nature, Objective and Scope of Audit |
| 2 | Audit Strategy, Audit Planning, and Audit Programme |
| 3 | Audit Documentation and Audit Evidence |
| 4 | Risk Assessment and Internal Control |
| 5 | Fraud and Responsibilities of the Auditor in this Regard |
| 6 | Audit in an Automated Environment |
| 7 | Audit Sampling |
| 8 | Analytical Procedures |
| 9 | Audit of Items of Financial Statements |
| 10 | The Company Audit |
| 11 | Audit Report |
| 12 | Audit of Banks |
| 13 | Audit of Different Types of Entities |
Paper-7: Enterprise Information System And Strategic Management (Duration: 3 hours; 100 marks)
| Section A: Enterprise Information System (50 Marks) | |
| S.no | Topic |
| 1 | Automated Business Processes |
| 2 | Financial And Accounting Systems |
| 3 | Information Systems And Its Components |
| 4 | E-Commerce, M-Commerce And Emerging Technologies |
| 5 | Core Banking Systems |
| Section B: Strategic Management (50 Marks) | |
| 1 | Introduction to Strategic Management |
| 2 | Dynamics of Competitive Strategy |
| 3 | Strategic Management Process |
| 4 | Corporate Level Strategies |
| 5 | Business Level Strategies |
| 6 | Functional Level Strategies |
| 7 | Organization and Strategic Leadership |
| 8 | Strategy Implementation and Control |
Paper-8: Financial Management And Economics for Finance (Duration: 3 hours; 100 marks)
| Section A: Financial Management (60 Marks) | |
| S.no | Topics |
| 1 | Financial Management and Financial Analysis |
| 2 | Financing Decisions |
| 3 | Capital Investment and Dividend Decisions |
| 4 | Management of Working Capital |
| Section B: Economics for Finance | |
| 1 | Determination of National Income |
| 2 | The Money Market |
| 3 | Public Finance |
| 4 | International Trade |
FAQs: Direct Entry in CA
What is direct entry scheme in CA?
Direct Entry is the option for students who want to sign up for the CA Inter Course. A student who chooses this route is excused from taking the CA Foundation Examinations. So, a direct entry CA student just needs to pass the CA Inter and CA Final exams.
Can I get direct admission in CA?
Yes, you can get direct admission in CA.
Who is eligible for CA direct entry?
Candidates who are commerce graduates and have completed graduation and postgraduation with a minimum of 55% and other graduates who have obtained a minimum of 60% are eligible for the CA direct entry.
Wrapping Up
Getting yourself registered for direct entry in CA is not so tough after all, right? Then, what are you waiting for? Start preparing today and register yourself for the next attempt accordingly. We wish you all the best for your future.
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