Aca and fca

Please let me know:

 

1) Do only people who practice become ACA?

 

2) If the answer to above is no, then - Should one apply again for Certificate for" FCA " after 5 years  OR one should just assume that he has become FCA?

 

Kindly answer both questions separately.

 

Thanks

 

 

 

   

 

Replies (4)

Persons qualified and enrolled as members whether they were holiding COp or not, they are named as ACA's.

Members who are in practice for a period of 5 years continuously, they become eligible to called as FCA, for that they should apply to institute to recognise them as FCA's.

 

Thanks Mr.Rakesh.

 

It is now clear to me that only CA.s who practice can become FCA.

 

I have one more question:

 

Can you please tell me whether it is possible to watch / participate in tele-conference of CA institute online and get CPE credits?

 

Thanks

There is one possibility of getting 20 CPE hours through invidual decleration for unstructured learning..check icai website for details....

ACA (Associate Chartered Accountant) is the membership category granted after qualifying as a CA and obtaining ICAI membership. Both practising and non-practising members can be ACA. A member working in industry, employment, government service, etc., can also remain an ACA.

FCA is not automatic. Even after completing the required eligibility period (generally 5 years of continuous practice or qualifying service/employment), the member must apply for admission as a Fellow Member (FCA) and submit the prescribed form and fees. ICAI grants FCA only after the application requirements are fulfilled.

So the practical answer is:

✅ ACA → received after becoming an ICAI member.
✅ Both practising and non-practising members can be ACA.
✅ After 5 years of eligible practice/service, you become eligible for FCA.
✅ You should apply to ICAI for Fellow Membership (FCA) with the prescribed form and fee.

also realted more about this question : https://caportal.saginfotech.com/blog/icai-ca-based-aca-fca-professional-experience read this post.

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