Aspiring Chartered Accountants, gear up for the ICAI CA Exam 2024! This comprehensive guide provides you with all the essential details, from exam dates and eligibility criteria to the application process and new exam patterns introduced by the Institute of Chartered Accountants of India (ICAI).
ICAI CA Exam Overview
The ICAI CA Exam, a national-level examination held twice a year, serves as a gateway to a rewarding career in business and finance. The exam structure involves three stages: CA Foundation, CA Intermediate, and CA Final.
Recent Changes in Exam Pattern
The ICAI has recently revamped the exam pattern for CA Final, CA Intermediate, and CA Foundation, reducing the number of exams and introducing multiple-choice questions (MCQs) across all subjects.
ICAI CA Exam Process – Old Scheme vs. New Scheme
- Registration and Foundation Exam:
- Old Scheme: After Class 10, register for the CA Foundation and appear after 4 months.
- New Scheme: Similar, but Foundation graduates to an 8-month study period.
- Intermediate Exam and Articleship:
- Old Scheme: Requires 3 years of articleship after clearing Intermediate.
- New Scheme: Reduced articleship period to 2 years.
- Final Exam:
- Old Scheme: Study for CA Final after completing articleship.
- New Scheme: 6 months of study after articleship.
- Total Period to Become ICAI Member:
- Old Scheme: Approx. 48 months.
- New Scheme: Reduced to approximately 42 months.
ICAI Exam 2024 Overview
Features:
- Exam Levels: CA Foundation, CA Intermediate, CA Final.
- Official Website: ICAI Official Website
- Exam Frequency: Twice a year.
- Exam Mode: Online.
- Eligibility Criteria and Registration Fees: Varies for Foundation, Intermediate, and Final.
Becoming a Chartered Accountant: Steps and Opportunities
To become a Chartered Accountant, follow these steps:
- Register for CA Foundation Exams.
- Pass the CA Intermediate Exam.
- Complete a 3-year Articleship Training.
- Successfully pass both groups of the CA Final Exams.
- Apply for ICAI Membership.
Career Opportunities After CA Final:
- Job Roles: Chartered Accountant, Financial Analyst, Tax Consultant, Audit Manager.
- CFO Potential: Aim for Chief Financial Officer positions.
- Entrepreneurship: Start your own consulting or advisory firm.
- Global Opportunities: Work internationally with multinational companies.
- Further Education: Consider additional qualifications like CFA, MBA, or pursue legal practice.
ICAI Exam 2024 Important Dates
ICAI will soon update the important dates for CA Foundation, CA Intermediate, and CA Final for the year 2024 on its official website. Here are the tentative dates:
| Course | Last Date for Registration | Exam Date | Announcement of Results | Criteria |
|---|---|---|---|---|
| ICAI CA Foundation | 1st February, 2024 | June, 2024 | August 2024 | Minimum 4 months study period required from registration to be eligible for Foundation Exam |
| 1st August, 2024 | December, 2024 | February 2024 | ||
| ICAI CA Intermediate | 1st September, 2023 | May, 2024 | July 2024 | Minimum 8 months study period required from registration to be eligible for Intermediate Exam |
| 1st March, 2024 | November 2024 | January 2024 | ||
| ICAI CA Final | 1st January, 2024 | May, 2024 | July 2024 | Can register for CA Final Course anytime after completing CA Intermediate |
| 1st June 2024 | November 2024 | January 2024 |
ICAI Exam 2024 Application Process
- Visit the official website: ICAI Official Website
- Click on e-Services > Self Service Portal.
- Login using valid credentials.
- Select Exam Enrolment form and choose the relevant exam.
- Read and understand the guidelines.
- Fill out the application form accurately.
- Pay the exam fee online.
- Submit the form and download the soft copy for future reference.
Application Fee:
- CA Foundation: INR 9800
- CA Intermediate: INR 18,000
- CA Final: INR 22,000
ICAI 2024 Eligibility Criteria
- No age bar for any ICAI examination.
CA Foundation Eligibility:
- Pass Class 12 or equivalent.
- Provisional eligibility for Class 10 candidates until they complete Class 12.
CA Intermediate Eligibility:
- Clear CA Foundation Examination OR
- Graduation/Post-graduation in any stream.
CA Final Eligibility:
- Clear CA Intermediate.
ICAI 2024 Syllabus and Exam Pattern
The CA course structure comprises three levels:
- CA Foundation
- CA Intermediate
- CA Final
Example of CA Foundation Syllabus:
- Paper I: Principles And Practice Of Accounting
- Paper II: Business Laws And Business Correspondence
- Paper III: Business Mathematics, Logical Reasoning, And Statistics
- Paper IV: Business Economics, Business and Commercial Knowledge
ICAI 2024 Preparation Tips
- Study ICAI CA Syllabus thoroughly.
- Refer to ICAI CA Study Material.
- Practice Previous Year Question Papers.
- Take Mock Test Papers regularly.
- Review ICAI Revision Test Papers for progress assessment.
ICAI 2024 Admit Card
- Admit cards are issued approximately 15 days before the exam date.
- Download from the official website.
- Keep a copy for verification and entry to the exam hall.
ICAI 2024 Answer Key
- ICAI releases CA Answer Key within a month of exam completion.
- Download from the official website.
- Match with your response sheet to calculate a rough score.
ICAI 2024 Result
Steps to Download CA Result Online:
- Visit ICAI Official Website
- Look for the ‘CA Foundation Result’ link.
- Enter your registration/roll number.
- Click ‘Submit’.
- Download and print the result for future reference.
ICAI Exam 2024 FAQs
Q. When are the CA Final and Intermediate exams for November 2023?
- CA Final: November 2 to 17, 2023.
- CA Intermediate: November 1 to 16, 2023.