CA Coaching Institute in Pune: Best CA Classes

The metropolis Pune is home to various tourist attractions that frequently attract tourists. Having a sense of old-world charm, Pune has a number of historically important places; and is also surrounded by other modern attractions. It is one of those cities that must be visited during the Maharashtra tour as it perfectly reflects the state’s diversity.

If we see the education in Pune, it is having some of the best institutes for every field of study. Colleges like Fergusson College, Symbiosis Insitute of Media and Communication, and Savitribai Phule Pune University are famous. Besides these colleges and universities in the city, Pune also has one of the best CA coaching institutes, ie. Paras Institute of Commerce Pvt Ltd for preparing successful Chartered Accountants.

Who is a Chartered Accountant?

A chartered accountant is a professional with expertise in auditing, accounting, and taxation. He is in charge of corporate and management security. Accountancy is currently experiencing a huge spike in popularity. A CA's services are crucial in financial concerns affecting even small businesses.

Furthermore, in India, CA specialists are the only ones who are accountable for company audits. After passing the final examination of the ICAI-regulated CA programme, a CA is regarded as a member of the Institute of Chartered Accountants of India (ICAI).

About Paras Institute of Commerce Pvt Ltd

Paras Institute of Commerce was started in the year 1995 for providing coaching to 10+1, 10+2 commerce and all subjects of Chartered Accountant course (CA). The main motive of Paras Institute of Commerce is to provide basic and standardized knowledge of each subject to raise the mental and moral standards of students. Paras Institute of Commerce is the best CA Coaching Institute in Pune  because it has an excellent academic environment & system, uses special visual teaching techniques and has well-qualified staff that enable maximum learning for students.

Paras Institute of Commerce's aims & objectives

To produce competent professionals who are able to fill the gap between academics and the industrial requirements.

To inculcate a deep sense of self-discipline, and truthfulness among students.

To mould its students into individuals who become inspirations for others.

To achieve academic excellence through a team of dedicated members.

Total CAs in India till 2021

In India, there are around 327081 CA till March 2021.

 Before studying the detailed syllabus of the CA course, firstly move on to the history of the Chartered Accountant Course

History of Chartered Accountant Course:

The first professional accounting body of Chartered Accountants was initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception.

 In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949. Associate members of the ICAI are entitled to add the prefix CA to their names. Members who are in full-time practice, and have completed five years of practice, can use Fellow Chartered Accountant (FCA).

About ICAI- Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India (ICAI), established on 1 July 1949  is the World's second-largest professional accounting body and largest professional accounting body of India under the ownership of the Ministry of Corporate Affairs, Government of India. It is a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for regulating the profession of Chartered Accountancy in India.

The motto of the ICAI is Ya Aeshu Suptaeshu Jagruti which literally means "a person who is awake in those that sleep".

The other reputed accounting research bodies in India are the Institute of Cost Accountants of India (ICMAI) and the University of Delhi, the University of Calicut and the University of Mumbai.

Qualification for ICAI Membership

A person is eligible to apply for membership either by passing all three levels of examinations ( Foundation, Intermediate and Final ) prescribed by ICAI and completing 36 months of practical training or by availing themselves of exemptions under mutual recognition agreement (MRAs).

Chartered Accountancy Course

Let’s discuss in detail the syllabus of the CA course

First of all, the question arises who can enrol in CA Course?

Enrolment in CA courses can be done through various routes. One is the Foundation course route and the other is the Direct entry route. First, we will discuss the foundation course route, the most commonly used route.

CA FOUNDATION COURSE

1. Through Foundation Course route:

(i) Enrol for the Foundation Course after passing the Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.

(ii) Register for the Foundation Course on or before the 1st day of January or the 1st day of July for the examination to be held in the months of May/June or November/December respectively.

(ii) Appear in Foundation Examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and on complying with (ii) above.

How to Register for CA Foundation

CA Foundation Registration process includes filling up basic details online at ICAI official website and obtaining a user id, registration number, and password. This user id and password will further be used to download the admit card for the examination.

CA Foundation’s Paper Format

There are four subjects in which two papers are subjective and the other two are objective.

The following are the CA foundation subjects:

Principle and Practice of Accounting

Business Laws and Business Correspondence and Reporting

Business Mathematics and Logical Reasoning & Statistics

Business Economics and Business and Commercial Knowledge.

Foundation Examinations

Foundation exams are held twice a year, once the in month of May and others in November.

Result

The CA foundation examination result of the May attempt announces in the month June-July and for the November attempt, the results declared in January-February.

Passing Marks

Students who pass the CA Foundation exams with a score of 40% in each subject or 50% overall are eligible for the CA intermediate course.

Validity

The course is valid for three years after registration, and students can take six attempts. They can reconsider their registration after it expires with nominal fees.

Fees

CA INTERMEDIATE COURSE

Qualifications

Join Intermediate Course after passing class 12th and Foundation Examination.

How to Register for CA Intermediate Level

Students must register for the intermediate exam online on ICAI website.

CA Intermediate Paper Format

The CA Intermediate course is divided into two groups, each of which has four subjects, each carrying 100 marks.

Group 1:

Paper-1: Accounting (100 Marks)

Paper-2: Corporate Laws & Other Laws (100 Marks)

Part I: Company Law (60 Marks)

Part II: Other Laws (40 Marks)

Paper-3:Cost and Management Accounting (100 Marks)

Paper-4: Taxation (100 Marks)

Section A: Income-tax Law (60 Marks)

Section B: Indirect Taxes (40 Marks)

Group 2:

Paper-5: Advanced Accounting (100 Marks)

Paper-6: Auditing and Assurance (100 Marks)

Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)

Part I: Enterprise Information System(50 Marks)

Part II: Strategic Management (50 Marks)

Paper-8: Financial Management and Economics for finance(100 marks)

Part I: Financial Management( 60 marks)

Part II: Economics of Finance (40 marks)

Intermediate Examinations:

CA Intermediate exams are also held twice a year, one in the month of November and the other in May.

Fees

Validity

The course is valid for four years after registration, and students get eight attempts.

Before commencing the Articleship, a student has to undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course.

What is Articleship?

Articleship is an important part of the CA program structure to acquire on-the-job work experience of a professional nature. It is practical training that is critical in shaping a well-rounded professional. In India, The CA course involves three years of articleship which must be pursued after clearing group 1 or both of intermediate.

How to Register for Articleship

For the articleship, CA Intermediate qualified candidates find CA companies that have openings for article trainees and have to notify the ICAI within 30 days of starting the training. They have to fill out an Articleship Registration form and attach all required documentation with it. Candidates have to submit forms number 102 and 103 to the ICAI, as well as articleship registration fees. Paras Institute of commerce helps students in getting articleship at the best CA firms in India.

Importance of Articleship

Articleship helps CA students in building professional growth and also helps them in their exams. With theoretical knowledge, it is very important for every student to gain practical knowledge of the course

Before appearing for the final examination, a student has to undergo Four Weeks of Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training.

A CA student can appear in the Final Examination on completion of the practical training or while serving the last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.

CA FINAL COURSE

Qualifications

A student who has cleared CA Intermediate both groups and articleship can only enter into CA final.

CA Final’s Paper Format

The course is divided into two groups, each of which has four subjects carrying 100 marks each.

The subjects for Final level are:

Paper-1: Financial Reporting

Paper-2: Strategic Financial Management

Paper-3: Advanced Auditing and Professional Ethics

Paper-4: Corporate and Economic Laws

Paper-5: Strategic Cost Management and Performance Evaluation

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

Paper-8: Indirect Tax Laws

Passing Marks

Students need to score of 40% in each subject or 50% overall to pass the CA Final Course.

Fees

For Indian students, CA final registration fees for both groups: Rs. 22,000.

For students from overseas, US$ 1000 for both groups

The CA Final course's exam fee or application fee is Rs 3300/- for both groups, and Rs 1800/- is for the CA Final Single Group.

The Final exam fee for students from overseas is US$ 550 for both groups.

Validity

The course is valid for five years after registration, and students can take ten attempts.

After clearing both groups of CA Final and successful completion of three years of practical training, students will acquire membership in the ICAI family.

 Direct Entry Route

There is another entry route to the CA course that is called Direct Entry Route through which graduates and post-graduates can enrol in it. Let’s see how a student can enrol in a CA course through the Direct entry route.

 I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):

(i) Enrol with the Institute for Intermediate Course.

(ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course before the commencement of their articleship.

(iii) Register for Practical Training for three years.

(iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on the first day of the month in which the examination is to be held.

(v)Appear and pass in both groups of Intermediate Examination.

(vi) Register for CA Final Course.

(vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and Management Communication Skills during the last two years of practical training but before appearing in the Final Examination.

(viii) Appear in the Final Examination on completion of the practical training or while serving the last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held after successful completion of AICITSS.

(ix) Complete articled training of 3 years.

(x) Pass Final Examination. (

xi) Enrol as a member of the ICAI and be designated as a “Chartered Accountant”.

So, now to become a successful Chartered Accountant, you have to start with a CA foundation and if you want to crack the CA foundation exam on the first attempt, Choose Paras Institute of Commerce Pvt Ltd.

It is the best CA institute in Pune that prepares students for the CA foundation examination. Institute on regular basis organizes webinars and provides tips on how to prepare and crack CA Foundation and CA Intermediate exams on the first attempt. Its CA Final test series is also very popular among students.

A few tips to prepare for CA Course are

• Make a solid study plan
• The first step for every CA student is to create a good study plan for the entire year of preparation.
• Manage Time
• To pass the CA exam, students must have good time management. Students should concentrate on achieving good results rather than wasting time on social media. All they need to do is prepare and implement the best time management strategy.
• Be specific
• Be specific when creating your study plan. Make an easy and simple study plan for the CA course.
• Stay positive
• Every stage of the CA course is mentally and physically demanding. Always stay positive and cheerful that also builds confidence and helps to get good results. Worrying too much about exams can affect the results.

Paras Institute of Commerce Pvt Ltd has some unique features that can help you to succeed in your CA Journey. They provide

• Unique Teaching Pattern with concept clarity from basic to advance level
• One to One Doubts solving system on a Daily basis via Phone calls
• Chapter-wise test on a regular basis and Unit test and Final test at the end of the syllabus till exam.
• Best study material with updated question bank covering all types of questions
• Monthly Performance Report & Analysis

Various Career options after CA Course:

Do you have any idea what you can do after becoming a successful CA? What comes after Chartered Accountant Course?  No doubt CA is a dream course and everyone wants to practice CA after clearing all the stages of the CA course but here we’re discussing career options after the CA course if you do not want to practice CA.

The options available are:

• Join CA Firms
• Entrepreneurship
• Civil Services
• Finance Management
• Work as a teacher

Some courses are also there that a CA can do after becoming a Chartered Accountant to enhance their skills and professional exposure.

Further courses after CA are

DISA (Diploma in Information System Audit): This course is offered by The Institute of Chartered Accountants of India which provides an insight into the different types of Computer Hardware and Software and helps management to take strategic business decisions. In the course, a candidate learns

Computer Hardware and Software, types of software, Database and Database Management systems used by the organization to acquire information and organize the information, Different Strategies to deploy Hardware/Software, Computer Networks and reasons for creating computer networks, and Network Standards and Protocols, understanding the complicated system and how the software interacts with the hardware.

CISA (Certified Information System Auditor): CISA is an Information System audit-based course issued by ISACA based in the US. And it is the best option for CA’s who are confused about what to do after CA. CISA certification helps those who audit, control, monitor and assess an organization’s information technology and business systems.