There are two ways by which you can clear the CA Examination and qualify yourself as a Chartered Accountant

1. Self-Study

2. Studying in a good CA Coaching institute

Self-study has the advantage that it builds self-confidence but one has to spend much time in finding out important points, different types of problems not covered in study material, learning of easy techniques to overcome the mistakes.

Student who prefers to clear the exam in first attempt or to secure better ranking should go for second option. The following points show how a CA Coaching Institution is better option than the self-study.

Study Environment

Study environment plays a vital role in clearing any examination. Learning along with qualitative students and well experienced faculties, student can have a better motivation and a competitive spirit. A good teacher can only find out your inner potentials and motivate consistently for better augmentation.

Learning under One Roof

The CA course is extremely diversified and in order to facilitate learning all subjects under one roof, the Coaching Institutes retain the services of faculties from different professions such as Chartered Accountants, Law Practitioners and Senior Executives from Corporate sectors.

Upgrade the Learning Skills

Maintaining the reputation is the big task for any institution and it is not an exception to CA Coaching Institution too. It works consistently to enhance the skills of students by maintaining an optimum standard of professional learning. The rankings of students add to the reputation of the institute.

Comprehensive Course Materials

The Coaching Institute makes its own study materials on the basis of study materials provided by ICAI and under the guidance of qualified Chartered Accountants. It helps to learn the subject in a systematic and professional manner. Usually it contains questions from past examinations conducted by ICAI and other professional bodies, probable questions, synopsis assignments and periodical assessment sheets which makes the student to have a good command in the subject.

Versatile Teaching Methods

Coaching Institutes adopt the latest methodologies of teaching such as Regular Lecture, Group discussions, Brainstorming sessions, Specific Assignments, Personality Development, Seminars, Case Studies, Presentation of Complex topics, Doubt Clearance and Knowledge of business strategies.

Tricks & Tips of Problem Solving

Experience gives various methods to solve a problem in a simpler way. The qualified and experienced faculties provide various tricks and tips and easier steps for solving problems on different subjects.

Self-Assessment through Mock Tests

Mock test conducted by coaching institution not only create a test environment but also helps the student for self-assessment and to take corrective measures. It also helps for time management and gives experience to deal with tricky questions.

Revision Sessions

Revision helps the student to recap the learnt subjects and refresh the memory.

One-to-One Attention

Institution having moderate batch size can only give individual attention to students and provide seperate sessions for doubt clarifications.

1. Practice CA individually or in partnership with CAs
2. Employment in a CA firm or Corporate concerns
3. Entrepreneurship
4. Teaching

The listing below is an indication of the opportunities prevalent in various areas for a chartered Accountant in practice

I. Accounting

• Under IFRS
• Environmental Accounting
• Human resource accounting
• Fraud and Forensic accounting
• Government Accounting
• Management Accounting

II. Auditing

• Statutory Audit
• Internal Audit
• Concurrent Audit
• Stock Audit
• Revenue Audit
• Information Systems Audit
• Tax Audit
• Quality Audit
• Propriety Audit
• Legal Compliances Audit
• Energy audit
• Assurance on Sustainability reporting

III. Corporate Governance

IV. Economic and Commercial laws

• Competition Act 2002
• Arbitration and Conciliation Act,1996
• Prevention of Money Laundering Act 2002
• Micro Small and Medium Enterprises Development Act 2006
• Laws relating to Intellectual Property Rights
• Regulations applicable to NBFCs
• Foreign Exchange Management Act,1999
• Foreign Contribution (Regulation) Act, 1976
• Labour Laws
• Right to Information Act,2005
• Consumer Protection Act, 1986
• Special Economic Zones Act,2005
• Chapter VI of Foreign Trade Policy- 2004-09- 100 % Export Oriented Units (EOU) / Software Technology Parks (STP) / Electronic Hardware Technology Parks (EHTP) and Bio- technology parks [BTP]
• Securitization and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002 (SARFAESI)
• Recovery of Debts due to Banks and Financial Institutions Act, 1993
• Drafting and conveyance
• Carriage laws

V. Carbon Credit

IV. Corporate Laws

• Members of Judicial bodies
• Limited Liability Partnership
• Legal support and advisory services

VII. Taxation

• Direct Taxes
• Indirect Taxes
• International Taxation

VIII. Management Services

• Strategic Management
• Change Management
• Quality Management
• Disaster Management
• Knowledge Management
• Directorship

IX. Consultancy Services

By joining CA Foundation after +2, a student can save 3 years of time just to get an Academic Degree at an Arts & Science College. Further, as per the Memorandum of Understanding (MOU) made by ICAI with IGNOU and Bharathiar University a student Pursuing CA course can also pursue UG Degree in correspondence availing exceptions to appear in many papers

As the curriculum of CA Foundation course is designed in line with +2 syllabus, it will be easier for the students to clear the exam and enter into CA Intermediate at the earliest.

Very important thing is that the parent can put their ward in proper track before the school student “ATTITUDE” is diluted, which is the key to succeed in CA course.