Chartered Accountancy is gaining much popularity akin to that of top professional courses in India.
Students who completed their 12th grade exams in March can make their CPT attempt in June month of the same year. Every failed attempt takes you another 6 months to complete the CA course.
CPT is just an entrance exam to Chartered Accountancy and thus technically does not form part of the CA course. The Chartered Accountancy course begins once you clear your CPT.
Duration of CA course
In general, the CA course on an average takes a minimum of 4 to 5 years to complete. And it depends a lot on how fast you clear your CPT, IPCC exams and CA finals.
Once you clear your CPT, you can register for IPCC. Your first IPCC exam attempt comes 9 months after your successful CPT attempt. The wait for the results to come takes another 3 months. So, IPCC costs you a minimum of 1 year time. Again, every failed attempt or missed attempt adds an additional six months to the course duration.
Articleship period is prescribed by the Board of Studies to be for 3 years. If you take leave for a period more than 6 months during your articleship, such additional leave period would result in a extension of your articleship.
As per the latest scheme of ICAI, CA Final exam can be attempted in the last 6 months of articleship. An amendment to this is just around the corner.
DIRECT ENTRY SCHEME
Graduates entering through the Direct Entry Scheme saves almost an year as they begin their articleship straightaway.
To sum up, the CA course on an average takes a minimum of 4 to 5 years to complete. And it depends a lot on how fast you clear your CPT, IPCC exams and CA finals.