Which course should I opt for: CA or CFA® Program? Which will help me achieve my goals? Which one is easier to clear? Which provides a better salary? Which will give me an international recognition and put me ahead of others? Confusion and chaos doesn’t land you anywhere so go through this infographic which sheds light on both the courses and decide which one is better.
Exam Format
The Chartered Accountant (CA) course has three levels to clear, namely:
CPT (Common Proficiency Test): It has a set of 200 multiple choice questions with negative marking for each incorrect answer.
IPCC (Integrated Professional Competence Course): It has two groups. Group 1 has four subjects and group 2 has three subjects. The exam for both the groups can be taken separately or together. All the papers contain essay type questions.
CA Final Examination: this too is divided into two groups each group containing four subjects each. The exam for both the groups can be taken separately or together. Questions asked are essay type.
The Chartered Financial Analyst® designation has three levels to clear:
Level 1: It consists of 240 multiple choice questions split among 3 hour sessions. It has no negative marking for an incorrect answer.
Level 2: It consists of 120 multiple choice questions with no negative markings.
Level 3: It consists of 8-12 essay type questions that are conducted in the morning and 10 multiple choice questions that are conducted in the afternoon. The candidate is to appear for both.
At the end of the day it is you who has to decide whether you want to set sail on CA or CFA® Program. Be wise and choose carefully after all it’s your career and your future. Make it as bright as possible. Visit the CFA® page for more details. All the best!
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