CA in Abroad: Scope in 2024, Eligibility, Opportunities

CA in Abroad: Students often have the question, “What about Chartered Accountant after 12th?” The profession of chartered accountant (CA) has a great deal of prestige and importance. CA is a very lucrative profession, with CAs frequently earning substantial incomes, particularly after gaining a certain level of experience. Additionally, Chartered Accountancy is a widely sought-after profession globally due to the strong demand for trained CAs. CA or Chartered Accountancy after 12th can springboard a student’s career and can provide him/her with excellent career growth. In this article, we will cover all the aspects of CA abroad.

The choice to pursue a career in chartered accountancy should be based on individual preferences, aptitudes, and professional objectives. Strong analytical abilities, aptitude for maths, attention to detail, and outstanding communication skills are necessary for a career in accounting. Even though the work can be difficult and demanding at times, it can also be fulfilling and rewarding, particularly when you can utilise your abilities to help people or organisations reach their financial objectives.

Let us try to answer the question, “What is Chartered Accountant?” and various aspects of CA in abroad by covering the following points:

• CA Course Details | CA Course Fees
• CA Syllabus
• Eligibility for CA in Abroad
• Colleges to Pursue CA Abroad
• Scope of CA Abroad

Whats is the Role of a Chartered Accountant (CA)?

A certified accountant, CA, plays a vital role in an organisation's financial health and integrity. A Chartered Accountant (CA) is a globally recognised financial expert who works for businesses, governments, or individuals. A CA generally handles audits, taxes, budgets, business strategies, clients and risk analysis. CAs give financial advice to people (their clients) and guide them on how to use their money. 

CA Course Details

There are 3 levels of the CA course; these include the CA Foundation Course, the CA Intermediate Course, and the CA Final Course. In addition to these three levels, students must also complete an Articleship of 3 years. After passing 3 levels and completing the articleship, you will become a Chartered Accountant. The overall duration of the CA course is 5 years. Moreover, in order to be eligible for CA course, students must secure at least 50% in their 12th. The following points provide the journey of becoming a Chartered Accountant:

• Registration for CA Foundation Course
• Clearing the CA Foundation Exam
• Registration for CA Intermediate Course
• Clear either or both groups of the Intermediate Exam
• Registration for Practical Training (PT) of 3 years
• Register for CA Final Course once you have passed both groups of the Intermediate Exam
• Complete Advanced ICITSS (4 weeks in duration) in the last 2 years of the Practical Training
• Clear CA Final Exam + Complete Practical Training

Students who have cleared 12th exams are eligible for the CA exam. However, it is usually recommended that the students obtain a degree in commerce with at least 55%. CA Course duration is 5 years with 6 months for the CA Foundation course, 10 months for the CA Intermediate course, 3 years for Articleship (Practical Training), and 8 months for CA Final course.

Also, Read: MBA in Finance Abroad

CA Syllabus

Now that students are aware of the CA course details after 12th, it is important for them to know the CA syllabus. CA course syllabus primarily consists of taxes, laws, accounting, financial management, and auditing. Let us look at the overview of the CA syllabus for each of its levels.

1) CA Foundation Syllabus

CA Foundation syllabus consists of the following:

• Paper 1 = Principles and Practice of Accounting
• Paper 2 = Business Laws and Business Correspondence and Reporting
  • Section A = Business Laws
  • Section B = Business Correspondence and Reporting
• Paper 3 = Business Mathematics, Logical Reasoning and Statistics
  • Part A = Business Mathematics
  • Part B = Logical Reasoning
  • Part C = Statistics
• Paper 4 = Business Economics and Business and Commercial Knowledge
  • Part I = Business Economics
  • Part II = Business and Commercial Knowledge

2) CA Intermediate Syllabus

CA Intermediate syllabus consists of the following:

Group I:

• Paper 1 = Accounting
• Paper 2 = Corporate and Other Laws
  • Part I = Company Law
  • Part II = Other Laws
• Paper 3 = Cost and Management Accounting
• Paper 4 = Taxation
  • Section A = Income Tax Law
  • Section B = Indirect Taxes

Group II:

• Paper 5 = Advanced Accounting
• Paper 6 = Auditing and Assurance
• Paper 7 = Enterprise Information Systems and Strategic Management
  • Section A = Enterprise Information Systems
  • Section B = Strategic Management
• Paper 8 = Financial Management and Economics for Finance
  • Section A = Financial Management
  • Section B = Economics for Finance

3) CA Final Syllabus

CA Final subjects include the following:

• Paper 1 = Financial Reporting
• Paper 2 = Strategic Financial Management
• Paper 3 = Advanced Auditing and Professional Ethics
• Paper 4 = Corporate and Economic Laws
  • Part I = Corporate Laws
  • Part II = Economic Laws
• Paper 5 = Strategic Cost Management and Performance Evaluation
  • Part A = Strategic Cost Management and Decision Making
  • Part B = Performance Evaluation and Control
  • Part C = Case Study
• Paper 6 A = Risk Management
• Paper 6 B = Financial Service and Capital Markets
• Paper 6 C = International Taxation
  • Part I = Taxation of International Transactions and Non-resident Taxation in India
  • Part II = Other Aspects of International Taxation
• Paper 6 D = Economic Laws
• Paper 6 E = Global Financial Reporting Standards
• Paper 6 F = Multidisciplinary Case Study
• Paper 7 = Direct Tax Laws and International Taxation
• Paper 8 = Indirect Tax Laws
  • Part I = Goods and Services Tax
  • Part II = Customs & FTP

Eligibility for CA in Abroad

Let us understand some vital aspects of CA abroad. Students who have completed 12th are eligible for the Chartered Accountancy exam. Usually, it is suggested that the students obtain a degree in commerce with at least 55%.

ACCA (Association of Chartered Certified Accountants) is an international body for professional accountants and is responsible for providing the ACCA Qualification, which is a testament to a candidate’s knowledge of finance. Here are some highlights of ACCA:

• It has 241,000 members and 542,000 future members.
• Its members are spread across 178 countries.
• It has 17 joint exam partnerships with national accountancy bodies.
• It has 98 global partnerships with accountancy bodies, universities and international donor communities.

Once a student has gained the ACCA qualification, he/she can practice CA in abroad. Here are the requirements to achieve the ACCA qualification:

• Class XII = At least 5 subjects in Class XII. English, Mathematics, and Accountancy are compulsory with at least 65% in 2 subjects and more than 50% in others.
• Qualify in 13 exams.
• Finish the Ethics and Professional Skills module
• 3 years of practical work experience.

Also, Read: Diploma in Finance Abroad

Colleges to Pursue CA Abroad

Best countries to pursue CA abroad include USA, UK, Australia, New Zealand and more. Here are some best colleges to pursue CA abroad-

1. AICPA & CIMA: American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA) - they are connected to 689,000 members, students and professionals who span across 196 countries.
2. CPA Canada: Chartered Professional Accountants Canada - they have an MoU with Institute of Chartered Accountants of India (ICAI) which can help CA obtain advanced setting in CPA certification programme. The erstwhile CICA is now part of CPA Canada.
3. Institute of Chartered Accountants of Scotland 
4. Chartered Accountants Australia & New Zealand - CAANZ

Scope of CA Abroad

Depending on the nation and the state of the local labour market, the scope of Chartered Accountants abroad may differ internationally. The scope of CA in abroad can depend on various factors. Here are some points that will help you understand the scope of CA abroad:

• Chartered accountants are in high demand throughout numerous nations. They may be able to get employment with accounting firms, investment banks, consulting firms, and other businesses.
• The Middle East considers Indian chartered accountants for finance and accounting positions and the job profile is comparable to that in India.
• Indian CAs may go on to pursue CPA/CPA, ACCA, CMA, etc. abroad.

Developing cultural sensitivity and overseas experience can be quite beneficial for an accounting or finance job. Working overseas may make it simpler for chartered accountants to grow in their careers and acquire a variety of experiences that will be useful in their future professional endeavours.

Now that students have an idea of CA in abroad and various aspects of CA course in abroad, they can take an informed decision. For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.

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