Hi, so You are the one enthusiastic soul who wants to start C.A but doesn’t know anything about it? If that’s the case, then you have landed on the right page because here you will get to know all about C.A.
It's very simple. C. A consists of 4 levels, 21 papers and 3.5 years of articleship. Got confused? See the picture below and scroll down to know all about C.A where I have discussed all levels of C.A separately. Also, watch our video on YouTube for details.
A.F.C: Assessment of Fundamental Competencies (Level 1)
Name of Paper | Details |
A.F.C 1 = Functional English | Computer-based examination.
Total marks = 50. Passing marks = 25 (For AFC 1, 2 & 4)
AFC 3 is of Total = 100 marks, Passing marks= 50.
Exams are held quarterly i-e March, June, September, December.
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A.F.C 2 = Business Communication | |
A.F.C = 3 Quantitative Methods | |
A.F.C = 4 Information Technology |
C.A.F: Certificate of Accounting and Finance (Level 2)
Name of paper | Details |
C.A.F 1 = Introduction to Accounting | Written Examination.
Total marks = 100 Passing marks = 50
Exams are held semi-annually i-e March and September.
You can select 3 papers and attempt those 3 in one attempt.
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C.A.F 2 = Introduction to Economics and Finance | |
C.A.F 3 = Business Law | |
C.A.F 4 = Business Management and Behavioural Studies | |
C.A.F 5 = Financial Accounting and Reporting I | |
C.A.F 6 = Principles of Taxation | |
C.A.F 7 = Financial Accounting and Reporting II | |
C.A.F 8 = Cost and Management Accounting | |
C.A.F 9 = Audit and Assurance | |
Test of Writing skills | Written Examination.
Total marks = 40 Passing marks = 20
Exams are held quarterly i-e March, June, September, December.
After clearing A.F.C you can attempt this paper and you have to pass it within C.A.F. |
C.A Inter Qualified and Starting of C.A Final:
After passing A.F.C & C.A.F level, you are a C.A inter qualified. Now, you are ready to join a Chartered Accountant firm. There you complete 3.5 years of training, called Articleship. You can pursue articleship from any Chartered Accountant firm or industry. Articleship is a mandatory requirement of ICAP to complete C.A. You get registered with the firm. From the date of registration, when you complete 1.5 years of articleship, you become eligible to appear in CFAP examination. You have to attempt papers of C.A final along with training. |
C.F.A.P: Certified Finance and Accounts Professional (Level 3)
Name of Paper | Details |
C.F.A.P 1= Advanced Accounting and Financial Reporting | Written Examination.
Total marks = 100 Passing marks = 50
Exams are held semi-annually i-e June and December.
You can select 3 papers and attempt those 3 in one attempt.
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C.F.A.P 2= Corporate Laws | |
C.F.A.P 3= Business Management Strategy | |
C.F.A.P 4= Business Finance Decisions | |
C.F.A.P 5= Advanced Taxation | |
C.F.A.P 6= Audit, Assurance and Related Services |
M.S.A: Multi-Subject Assessment (Level 4)
Name of Paper | Details |
M.S.A 1 Financial Reporting and Assurance- Professional Competence | Unlocked after passing CFAP 1 & 6. Written Examination. Total marks = 100 Passing marks = 50
Exams are held semi-annually i-e June and December.
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M.S.A 2 Management- Professional Competence | Unlocked after passing CFAP 3 & 4. Written Examination. Total marks = 100 Passing marks = 50
Exams are held semi-annually i-e June and December.
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