CA Scope

The Chartered Accountant course is conducted by the Institute of Chartered Accountants of India (ICAI) whereas CPA is an exam conducted by the American Institute of Certified Public Accountant (AICPA). CPA course requires anywhere from 7 months to 1 year to complete. On the other hand, you need to spend at least 4 to 5 years to complete your Chartered Accountant course. CA is a reputed qualification in India. It covers the Generally Accepted Accounting Principles prevalent in India, known as IND-AS. CA license holders have good career prospects in India. Comparatively, CPA is a global qualification that covers International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting Principles in the US (USGAAP). CPA provides accounting professionals with a wide range of career opportunities in the US and various other major countries of the world especially in multi-national companies that originate or operate from the US soil. To take the CPA exam, you need to have a B.Com degree with 1st class or a B.Com degree along with a postgraduate degree. You can also appear for the exam if you have a B.Com degree and an Indian CA qualification. Further, you need to have at least one years experience of working in the Accounting and Finance industry to apply for a CPA license. For pursuing CA course, you need to take the Common Proficiency Test (CPT) after completing your senior secondary education, and there is no mandatory requirement of a degree. However, to apply for a CA license, one needs to have at least three years of article-ship experience in an accounting firm. CPA is an online exam with 4 sections which are Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting and Regulation. However, after you pass the first exam a time limit of 18 months applies to pass the other three exams. The CA has a three-stage exam process with 21 subjects overall. The first stage is the Common Proficiency Test which has 6 exams. Second stage is known as the Integrated Professional Competence Course with 7 exams and the third stage is Final examination which has 8 exams to clear. To clear each CPA exam, you need to score above the 75th Percentile to pass the exam. On the other hand, you can clear a CA exam if you score 40% or more in it with a cumulative average of 50% or more during IPCC or Final Exam stages. Despite this, the pass percentage of candidates appearing in a CA exam is about 5% whereas CPA sees a pass.

Dear, Both the courses have some pros and cons but we cannot neglect that both are highly recognised courses. So, instead of doing CA or ACCA, we suggest you pursue both CA and ACCA. Pursuing both the courses CA and ACCA can give you infinite career opportunities whether you want to practice as a CA in India or join some MNC handling the overseas clients. The fascinating part of doing both the courses is ACCA recognize the other qualifications which mean if you have completed your CA Final, you will be required to give only 4 papers in ACCA rather than 14 which means that after becoming a Chartered accountant you can complete 2.5 years ACCA course in just 6 months.

Hello,
Since your interest lies in the future (assuming after 5-10 years) of CA let me answer your question in two prospects:
1) Future CA demand in India- Undoubtedly, there will always be a rising demand for CA professionals due to a growing number of companies in India. However, this also means that you need to always be competent in your career to grab better opportunities in the future since the companies will hire only the best professionals.
2) Mediocre CA jobs- Since many tasks of a typical CA is a routine job with some procedural working on a given assignment, there is always a room for automation. With the software companies emerging in the financial sector, chances are high that CA professionals will be seen using sophisticated software in the near future (which will obviously cut down jobs for the mediocre ones). Point of the verdict- The profession of CA is highly promising in the near future provided you keep your mind open to different technologies and be a learner for a lifetime, which will also help you to be a step ahead of others.
I hope this helped. Have a great career ahead.