Raghav Chadha's Transition to BJP and Insights on Becoming a Chartered Accountant
Raghav Chadha's Political Shift
Recently, Raghav Chadha has been in the news for leaving the Aam Aadmi Party (AAP) to join the Bharatiya Janata Party (BJP). He completed his schooling at Modern School in Delhi and earned a Bachelor of Commerce degree from the University of Delhi in 2009. In 2011, he qualified as a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI) and has since worked as a professional CA.
Pathway to Becoming a Chartered Accountant
**Steps to Become a Chartered Accountant**
To achieve the status of a Chartered Accountant (CA), individuals must adhere to the guidelines established by the ICAI and pass the necessary examinations. The entire journey typically spans 4.5 to 5 years.
**Educational Requirements**
Students should choose the Commerce stream after completing their 10th grade. They can then enroll in the CA Foundation course, which includes four subjects: Accounting, Law, Mathematics, and Economics.
Upon successfully passing the CA Foundation, students advance to the CA Intermediate level, which consists of two groups and eight papers covering subjects like Accounting, Costing, Taxation, and Auditing.
**Practical Training and Final Examination**
After clearing one or both groups of the Intermediate level, students must complete a three-year articleship under a practicing CA, gaining valuable practical experience. The final step involves taking the CA Final examination, known for its difficulty. Passing this exam certifies one as a Chartered Accountant.
Earnings Potential for Chartered Accountants
**Salary Expectations**
The earning potential for a Chartered Accountant is significant. Fresh graduates can expect an annual salary between ₹6 lakhs and ₹12 lakhs. With experience, this can increase to ₹15 lakhs to ₹25 lakhs, while senior CAs can earn ₹40 lakhs or more annually.
Many CAs choose to establish their own firms, charging fees based on their clients' business and earnings, which can lead to annual incomes in the crores.