Does Maths Necessary Subject To Become a CA?

Students passing out of high school are very passionate about the future line of studies they want to pursue. Some students go after medical sciences; others choose engineering, computer, commerce, etc. One popular trend across different countries in the world is pursuing a career in chartered accountancy.

If we talk about developing countries like India, the race to become a chartered accountant is very dominant. But it’s not limited to India. Chartered accountancy is a competitive field of study regardless of the continent and developing countries. Therefore, students prepare a lot to become chartered accountants.

However, many students are unaware of what majors to choose in high school or 11th & 12th grade to pursue CA.

Or it will be more appropriate to say that they do not know which subjects will help them clear the CPT exam of CA.

The most common concern of the prospective chartered accountants is the subject of maths. They often argue if maths is a necessary subject to become a CA Or if it’s just helpful in scoring better grades. Therefore, we have come up with this article.

The article will discuss chartered accountancy, stages of CA, who is eligible, and whether maths is actually a necessary subject in high school for pursuing CA in the future. We will also try to guide students on helpful subjects if they plan to go for CA.

So let’s get straight into it.

About Chartered Accountancy

Like any field of accountancy, chartered accountancy also deals with the financial data and recording of any business entity. The basic functions of accounting like auditing, budgeting, investing, business strategy, taxation, financials, etc., exist in chartered accountancy as well.

However, the difference between accountancy and chartered accountancy is the rigorous training provided to chartered accountants.

More appropriately, we can say that chartered accountancy is a certification for accountants after they go through comprehensive training and assessment of their skills. The accountants who pass the exams of CA are given the title of chartered accountants.

We will also talk about chartered accountants.

What Is A Chartered Accountant? (200)

The chartered accountants are the professional accountants who have passed the professional exams of CA.

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They’re recognized as professionals that can be appointed as independent external auditors of public and private limited companies.

Chartered accountants are not recognized in a certain part of the world but are internationally recognized as accounting professionals.

However, the United States is an exception as there’s another equivalent of CA designation called a public accountant who passes the exam of CPA(certified public accountancy).

Chartered accountants claim themselves to be the first accounting group that formed any organized, professional body in 1854.

The Institute of Chartered Accountants in England and Wales and the Canadian Institute of Chartered Accountants are considered to be the most validated bodies. However, these are not the only professional bodies bringing chartered accountants from all across the world.

Why Become Chartered Accountant?

Why become a chartered accountant when you can pursue a bachelor’s or master’s degree in accounting, finance, or related fields?

The scope of chartered accountants is more or less the same as for graduates of finance and accounting.

They work at businesses, institutions, industries, financial institutions, independent services, capital markets, consultancy firms, and chartered accountant firms.

However, the main difference between the two is demand. Chartered accountants are always in demand, whichever industry you go to.

This demand difference is due to the level of expertise and skills in the hand of chartered accountants. The training and qualification of CAs make them better off.

Eligibility Criteria For CA

There are three stages of CA:

  • CPT (Common Proficiency Test)
  • IPCC (Integrated Professional Competence Course)
  • CA Final Examination

There is not one entry route to CA, but students can become CA at different levels of their studies. There are actually two entry routes to becoming a CA. Once you understand both, you can decide which route you are going after.

CA Foundation Entry

The students graduating from high school or passing their exams of 12th standard can go for the direct entry route to CA. they can pursue CA after passing CA Foundation exams.

The direct entry route is the most preferable for students as it helps in developing an understanding of the field in a more integrated way.

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CA IPCC

The students who have completed their graduation can also become CA by directly joining IPCC. However, the second route has low minimum eligibility criteria of 55% for the students who have pursued a degree in the domain of commerce, accounting, or finance.

If students from the non-commerce field want to pursue CA after graduation, they must have at least 60% marks in their graduation courses.

Syllabus Of Stages in CA

Now let’s come to the syllabus stages in CA. Knowing the stages of CA will help you understand which subjects can be helpful for you to clear CA stages.

CPT

Common Proficiency Test, CA Foundation, is the direct entry route for CA. The students graduating from high school can get started with CA certification. There are four subjects in the CA foundation, and each subject carries 100 marks. The subjects that are included in the CA Foundation are as follows:

  1. Principles and Practices of Accounting
  2. Business Law and Business Correspondence & Reporting
  3. Business Mathematics and Logical Reasoning & Statistics
  4. Business Economics & Business and Commercial Knowledge

IPCC

The IPCC level has seven subjects with 100 marks each, making a total of 700 marks. The subjects are as follows:

1. Accounting
2. Business Laws, Ethics, and Communication
3. Cost Accounting and Financial Management
4. Taxation
5. Advanced Accounting
6. Auditing and Assurance
7. Enterprise Information System & Strategic Management

CA Final Exam

Finally, the CA Final exam has 800 marks with 100 marks for each of the eight subjects. The subjects are as follows:

1. Financial Reporting
2. Strategic Financial Management
3. Advanced Auditing and Professional Ethics
4. Corporate Laws and Economic Laws
5. Strategic Cost Management and Performance Evaluation
6. Electives
7. Direct Tax Laws and International Taxation
8. Indirect Tax Laws

Is Maths Necessary Subject For Pursuing CA?

No. If we talk about the compulsion of taking maths as a major subject in intermediate, it’s not compulsory to take maths.

However, it might be helpful for the students to study maths in 11th and 12th standards for a better understanding and scores in CA Foundation. But we cannot say that maths is a necessary subject if you want to pursue CA in the future.

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FAQs About CA

What Subjects Are Helpful If You Want To Pursue CA?

If you want to pursue CA after 12th grade, commerce, maths, accounting, English, etc., can be helpful subjects. However, if you want to pursue CA after graduation, having a commerce degree at the graduation level is more favorable to score better in exams.

Should students prefer Maths to Pursuing CA?

Although not necessary, opting for maths at inter level or high school level can benefit the students. They will be better off scoring good marks in mathematics and stats. Not only this, but maths will also serve as a foundation for accounting subjects.

What Qualification Is Required For CA?

The minimum eligibility criteria for CA is to pass the high school or 12th standard in some countries.

What are the basics for CA?

The basics for CA are the CPT or CA Foundation. The subjects required to be passed at the CA foundation level can be considered basics. The subjects are as follows:

  1. Principles and Practices of Accounting
  2. Business Law and Business Correspondence & Reporting
  3. Business Mathematics and Logical Reasoning & Statistics
  4. Business Economics & Business and Commercial Knowledge

Is CA easy or hard?

The answer cannot be absolute for this question because it can vary depending on the student pursuing it. However, we can say that the exam is not very hard. Why? Because students having the right background in commerce, finance, and mathematics can easily pass the exam and score good marks in CA. However, students with other backgrounds might find it hard to comprehend the concepts initially. Nevertheless, CA is considered one of the hardest professional exams worldwide.

Wrap Up

We have discussed everything you might need to know if you’re just a beginner looking to pursue the CA certification. You know that maths is not a necessary subject for pursuing CA, but it can be very helpful for you to get good scores in subjects related to mathematics and statistics.