A career in Accountancy and Finance is really promising as every other organisation whether it is private or public sector require Accountancy and Financial professionals/specialist. The demand is increasing in Insurance and Accountancy firms, Investment Banking Industry, Taxation and Law etc.
Chartered Accountancy (CA)
The certification of Chartered Accountancy is the prerequisite to practice as a professional CA in India. Becoming a certified Chartered Accountant requires completing three levels of training designed by the Institute of Chartered Accountants of India (ICAI). The ICAI, is a statutory body which regulates and maintains the profession of chartered accountancy in India. Under the Scheme of Education and Training, a candidate can pursue Chartered Accountancy course either through, Foundation Course Route or Direct Entry Route. Foundation course is the entry point into the course after Class 12, while Direct Entry is for those who have completed Graduation.
About ICAI CA Exam
In India, the Institute of Chartered Accountants of India (ICAI), conducts CA exams and certify a candidate as a qualified Chartered Accountant on successful completion of the three-level course.
Examinations conducted are:
- Foundation Examination (earlier known as Common Proficiency Test (CPT))
- Intermediate (Integrated Professional Competence) Examination
- Final Examination
| Chartered Accountancy (CA) – Foundation Route | |
|---|---|
| About | Chartered Accountancy is a professional practice of accounting, auditing, taxation, financial assessment for an individual or organisation. Chartered Accountant is a designation given to an accounting professional who has received certification from a statutory body that he/she is qualified to take care of the matters related accounting and taxation of a business, like file tax returns, audit financial statements and business practices, maintaining records of investments, preparing and reviewing financial reports and documents. A professional trained in Chartered Accountancy is also qualified to offer advisory services to clients which include companies and individuals. |
| Eligibility and Procedure | To become a Chartered Accountant, the candidate has to go through a process of training and exams as various levels, conducted by the Institute of Chartered Accountants of India (ICAI). Steps under Foundation Route entry |
| Entrance Exams | Chartered Accountant Common Proficiency Test (CA CPT) |
| Course Curriculum | Papers for CA Foundation Course Paper 1: Principles and Practice of Accounting, Paper 2: Business Laws & Business Correspondence and Reporting, Paper 3: Business Mathematics and Logical Reasoning & Statistics, Paper 4: Business Economics & Business and Commercial Knowledge Papers of CA Intermediate Course Group I Paper 1: Accounting, Paper 2: Corporate and other Laws, Paper 3: Cost and Management Accounting, Paper 4: Taxation Group II Paper 5: Advanced Accounting, Paper 6: Auditing and Assurance, Paper 7: Enterprise Information Systems & Strategic Management, Paper 8: Financial Management and Economics for Finance Papers for CA Final Course Group I Paper 1: Financial Reporting, Paper 2: Strategic Financial Management, Paper 3: Advanced Auditing and Professional Ethics, Paper 4: Corporate and Economic Laws Group II Paper 5: Strategic Cost Management and Performance Evaluation, Paper 6: Elective Paper (6A Risk Management, 6B Financial Services and Capital Markets, 6C International Taxation, 6D Economic Laws, 6E Global Financial Reporting Standards, 6F Multi-disciplinary Case Study) Paper 7: Direct Tax Laws & International Taxation, Paper 8: Indirect Tax Laws |
| Careers | Company Secretary in Practice, Chartered Accountant in Practice, Cost Accountant in Practice, Architect professional, Advocate as defined by Bar Council of India, Engineer (Chartered), Actuary Professional A Chartered Accountant can pursue career in following firms: Internal Auditing, Tax Auditing, Forensic Auditing, Career in Accounting and Finance, Taxation Advisory (Both Direct and Indirect), Statutory Audit under applicable statutes, Managing Treasury function, Others like Bookkeeping, Finance Controller, Preparation of financials of companies, etc. |
Cost Management Accounting (CMA)
The CMA programme, short for Cost Management Accounting is one of the most viable programmes in the finance sector. For someone who dreams to make it big in the management accounting field, the CMA course would be a great choice. In recent times, the programme has become a quite popular choice amongst commerce students or the ones aspiring to enter the commerce field.
| Cost Management Accounting (CMA) | |
|---|---|
| About | Cost Accounting Management is a certificate programme designed to train students for working in different industries and corporate functions. In India, the credentials of the CMA course are issued by the Institute of Cost Accountants of India (ICAI). The programme mainly focuses on valuation issues, financial statement analysis, working capital policies, external financial reporting, etc. |
| Eligibility and Procedure | The CMA programme comprises three levels. One only become eligible for a higher level after she/ he has passed the previous level. Following are the three stages of the CMA course. Level 1 – CMA Foundation Level Level 2 – CMA Intermediate Level Level 3 – CMA Final Level Eligibility Criteria for: CMA Foundation Level *You must have complete Class 10 or equivalent level of education from the recognised board. *You must also have passed your Senior Secondary Examination (10+2) or equivalent from a recognised examination board. *Other than that, if you hold a National Diploma in Commerce Education by AICTE or any State Board of Technical Education, you will be considered eligible. CMA Intermediate Level *For the intermediate level, you must have completed your Class 12 education. *You should have passed the Foundation course from the Institute of Cost Accountants of India (ICAI). *You must also hold an undergraduate degree in any discipline but Fine Arts. CMA Final Level *To become eligible for the CMA Final level, you must have passed the intermediate level. |
| Course Curriculum | CMA Foundation Paper 1 – Fundamentals of Business Mathematics and Statistic Paper 2 – Fundamentals of Laws and Ethics Paper 3 – Fundamentals of Accounting Paper 4 – Fundamentals of Economics and Management CMA Intermediate Paper 5 – Company Accounts & Audit Paper 6 – Indirect Taxation Paper 7 – Cost and Management Accounting Paper 8 – Operation Management Information System Paper 9 – Cost accounting and financial management Paper 10 – Direct Taxation Paper 11 – Laws, Ethics and Governance Paper 12 – Financial Accounting CMA Final Paper 13 – Financial Analysis & Business Valuation Paper 14 – Cost and Management Audit Paper 15 – Corporate Financial Reporting Paper 16 – Strategic Performance Management Paper 17 – Tax Management and Practice Paper 18 – Business Strategy & Strategic Cost Management Paper 19 – Advanced Financial Management Paper 20 – Corporate Laws and Compliance |
| Careers | Financial Analyst, Financial Controller, Cost Accountant, Chief Financial Officer, Financial Risk Manager etc. |
B.Com – Bachelor of Commerce (Finance)
| B.Com (Finance) | |
|---|---|
| About | A degree in Bachelor of Commerce from a recognised Institute/College of State or Central University is most suitable for students who want to begin their career in Finance and Accountancy just after completion of the three-year degree. A B.Com (Finance) degree qualified student can begin their career with finance departments of Private organisations. |
| Eligibility | Aspirants meet the eligibility criteria for BBA LLB course if they have completed their Class 12 from a recognised board and secure a minimum of 50% aggregate. Admission is based on both merit and entrance. |
| Entrance Exams | DUET, NPAT, IPU CET, DSAT, BHU UET |
| College Options | St. Joseph’s College (Calicut), Guru Nanak College (Chennai), Quantum School of Graduate Studies (Uttarakhand), AIMS Institute (Bangalore), Sree Narayana Guru College of Commerce (Mumbai), Gargi College (New Delhi) etc. |
| Course Curriculum | Semester 1: Financial accounting Principles of Management, Business Communication, Managerial Economics, Verbal Ability Semester 2: Financial Accounting II, Business Environment, Banking Services, Indian Economy, Quantitative Aptitude and Reasoning Semester 3: Advanced Company Accounts –I, Principles of Finance, Legal System in Business, Marketing, Business Statistics – I, Corporate Finance, Insurance and Risk management, Open Elective – I, Quantitative Aptitude and Reasoning –II Semester 4: Advanced Company Accounts –II, Entrepreneurial Development, Business Taxation, Human Resource Management, Business Statistics II, Organizational Behaviour, Bank Credit Management, Open Elective – II, Communication Skills Semester 5: Practical Cost Accounting, Income Tax Law and Practice -I, Research Methodology, Computer Applications in Accounting, Financial Management, Customer Relationship Management Introduction to mutual fund analysis, Practical Auditing, Environmental Studies Semester 6: Management Accounting and Practices, Management Accounting and Practices, Internet Concepts, Project work and Viva voce, Investment Analysis and Portfolio Management, Working Capital Management, Financial Derivatives and Risk Management, Development of Small Business, Personality development |
| Careers | Money Market Dealer, Financial Research manager, cash & Credit Manager, Risk Analyst, Security Analyst, Financial Planning Associate, Personal Finance Consultant, Actuaries, Auditors, Investment Manager, etc. |
BBA in Finance and Accounting
A degree in Bachelor of Business Administration with specialisation in Accountancy and Finance is most suitable for students who want to learn business operations, management, ethics as well as the core area of all business operations i.e. Finance and Accountancy.
| BBA in Finance and Accounting | |
|---|---|
| About | BBA Finance and Accounts is a 3-year undergraduate professional course which deals with the accounting principles and financial aspects of business planning. The programme is designed for the aspirants who prefer to work for strategic business performing some roles like financial analyst and enterprise venture specialist. |
| Eligibility | A candidate who is willing to take admission in BBA Finance and Accounts should pass the following eligibility criteria: *Candidates should have passed 10+2 exams with minimum aggregate marks of 50% and more from a recognized board. *The candidates who have passed 10+2 exams from Commerce background are preferred. |
| Entrance Exams | DU JAT, IPU CET, AIMA UGAT, NPAT, SET |
| College Options | Chandigarh University (Chandigarh), Delhi University (Delhi), Amity University (Noida), Alliance University (Bangalore), Vellore Institute of Technology (Vellore) |
| Course Curriculum | Semester I: Principles & Practice of Management, Business Communication, Financial Accounting, Business Law, Business Economics, Computer Application Semester II: Organisational Behaviour, Business Environment, Business Mathematics, Environmental Management, Management Accounting, Profit Planning & Control Semester III: Production Methods, Manpower Management, Marketing Concepts, Business Finance – I, Business Statistics, Computer Application Semester IV: Operations Research, Industrial Law, Office Management, Sales & Distribution Management, Research Methodology, Business Finance – II Semester V: Management Information System, Indian Economy, Banking Law & Practice, Advertising & Public Relations, Accounting Specialization, Summer Training Report Semester VI: Corporate Planning & Strategic Management, International Marketing, Marketing of Services, Financial Institutions and Markets, Accounting Specialization, Comprehensive viva-voce |
| Careers | Audit Manager, Finance/Budgeting Accountant, Cost Accountant, Financial Analyst, Corporate Business Analyst etc |
Bachelor of Arts in Economics – B.A (Economics)
A degree in Economics would prepare students to study about the economic scenario as in finance industry it is really important to form policies after forecasting the risk factors after studying the policies, input and output of industry etc.
| B.A (Economics) | |
|---|---|
| About | BA in Economics or Bachelor of Arts in Economics is a 3-year Undergraduate degree course, pursued by students who aspire to make it big in Banking and Finance and other major corporate industries. The scope of studying Economics has witnessed a massive surge through the last decade, for the innumerable opportunities it offers. Primarily students pursue economics for the lucrative job placements with salaries |
| Eligibility | Students who wish to pursue BA in Economics courses should clear class 12th board exams from a recognized boards with minimum 50% aggregate marks or equivalent CGPA. Admission is based on both merit and entrance exam. |
| Entrance Exams | JNUEE, DUET, JMI EEE |
| College Options | Lady Shri Ram College for Women (Delhi), St. Xavier’s College (Mumbai), Christ University (Bangalore), Loyola College (Chennai), Jadavpur University (Kolkata) |
| Course Curriculum | Year 1: Micro and Macro Economics, Mathematical Methods of Economics, Economic Statistics, Language Subjects, Economic Theory, Financial Systems Year 2: History of Economics, Development of Economics in India, Macro & Micro Economics – Intermediate, Econometrics, Economy and Society, Elective Subjects Year 3: Economic Development of India, Economics of the Society, Financial Markets, Development Theory, Foreign Economics Theory, Financial Economics |
| Careers | Audit Manager, Finance/Budgeting Accountant, Cost Accountant, Financial Analyst, Corporate Business Analyst etc |
Apna Saathi 