Professional Courses In Commerce In India

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  • SIR
    IAM NIJAS.VP FROM WYND DIST KERELA,I COMPLETE +2COMERCE ON THIS YEAR FOR MY FUTURE COURSE WHICH IS BETTER TO TAKE?
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  • i am looking for coarse after b.com please give me some advice.... contact me najeebdamudi@gmail.com
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  • Dear Sir,

    I completed my MBA-finance .Now i would like to do some other valuable course in finance oriented.i would like to add one more point now i am working as an accounts executive in trichy.I want the course details it must upgrade my position in next level to my job.Kindly give me the ideas through my id chithu_mdm@yahoo.com
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  • sir am a 12th going student ,nd i would like to know whether ca or icwa is better in terms of proffeion
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Professional Courses In Commerce In India

  1. 1. Professional courses in Commerce in India By Prof.L.Augustin Amaladas M.Com.,AICWA.,PGDFM.,B.Ed Alternative work is rest Read the respective Institute rules before taking decision Study how to pass correct journal entry from www.augustin.co.nr
  2. 2. Professional Courses (after PUC) CA Chartered Accountancy ICWAI Cost Accountancy CS Company secretary CFA Chartered Financial Analyst www.cfainstitute.org
  3. 3. What is required? Hard work and constant work All the courses are corresponding courses and can be registered throughout the year. Examinations are conducted throughout India Do not listen to too many people. Each one will give reasons for their failures in the exams and they are happy if you fail. Self beliefs and hard work. No one can give coaching for professional Courses.But coaching centres can guide.All depends on how you study.
  4. 4. Whether professional courses are made by god or man? Subjects are made by human beings. You are a human being, therefore, you can understand an another human being. All professional courses are for an average and hard working Students. All professional courses are correspondence courses. Small town Students can get the study materials by post and write the exams Nearby towns in India.The total cost would not cross Rs.15,000.
  5. 5. People may create fear in you. Do not consider their views. First generation who come to education can easily complete Any professional course. All professional courses develop critical thinking.You have it. All professional courses follow same pattern and number of subjects are almost same.Normally there are three stages. Every stage the candidate has to get eligibility certificate before Applying for examination.What is eligibility certificate? [email_address]
  6. 6. Eligibility certificate(for PCC(Inter)/final <ul><li>Institute either gives three test papers by post when the candidate receives study material(those who are living in small cities) or the candidate has to write test papers in the respective major cities depends on the institute. If candidate answers those papers and get minimum marks the institute gives him eligibility certificate which is used for you to apply for the examination conducted by the respective institute.You are expected to study well in advance before you answer those test papers.Do not copy from text books. </li></ul>
  7. 7. 10+2 After 10 th CPT Four times in a year Professional competancy course CPT passed 3 years practical training under CA Twice-May&November 10+2 After 12 th std Foundation Twice in a year INTER Foundation/Graduate After completion of entire course Once in three months 10+2 After 12 th std Foundation Twice in a year Executive Programme Foundation/Graduate After completion of entire course Twice-June and December 10+2 After 12 th std Foundation Twice INTER Foundation/Graduate After completion of entire course Twice-June and December 1.Eligibility for Foundation 2.Registration 3. Test name 4.Foundation Exam 5.Stage-II 6.Eligibility 7.Practical Training 8.Exams CA CFA CS ICWA
  8. 8. Correspondence Yes Any time Yes Two ways NO 4 Correspondence Yes Any time Yes Not required NO Correspondence Yes Any time Yes Two ways In ICWA 5 Correspondence Yes Any time Yes Two ways Yes In CS and CIMA(London) 4 9.Type of course 10.Can you study without attending classes 11.When to register? 12. Can you get material by post? 13.Eligibility certificate? 14. Subject Exemptions in other professional courses 15.Foundation subjects CA CFA CS ICWA
  9. 9. Chartered Accountant(CA) CPT(foundation) Stage-1 PCC Stage-2 Final Stage-3 4 subjects Two groups-3 subjects each Two groups 4 subjects each Pass percentage is 40% each subject aggregate of the group Is 50%.Both groups can be written in one attempt.The advantage Is that each subject 40% and aggregate 50% both the groups together See the Latest prospectus After PUC, Hr.Sec Or any degree
  10. 10. CAs <ul><li>They become auditors, tax consultants, financial consultants, working in multinational companies in investment banking division, Forex market, etc. </li></ul><ul><li>The prominent MNC CA firms in India are </li></ul><ul><li>Ernst and Young, KPMG, Deloitt, Price water House. </li></ul><ul><li>Most of the MNC firms recruit degree holders with PCC results(Stage-2 completed).IGNOU gives special consideration to such students pursuing CA., ICWA, CS to complete B.Com., BBM degrees by correspondence. </li></ul>
  11. 11. (ICSI) <ul><li>“ The Institute of Company Secretaries of India ” (ICSI) is a premier National Professional body established by Act of Parliament to develop and regulate the Profession of Company Secretaries. </li></ul><ul><li>  </li></ul>
  12. 12. ICSI <ul><li>·         Every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. Two Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate. </li></ul>
  13. 13. The Company Secretary <ul><li>is: </li></ul><ul><li>An in-house legal expert; a compliance officer of the Company. </li></ul><ul><li>An expert in corporate laws, securities laws & capital market and corporate governance </li></ul><ul><li>Chief advisor to the board of directors on best practices in corporate  governance </li></ul><ul><li>Responsible for all regulatory compliances of company </li></ul>
  14. 14. Company Secretaries in Practice <ul><li>following services: </li></ul><ul><li>v       Legal, Secretarial and Corporate Governance </li></ul><ul><li>v       Corporate Restructuring </li></ul><ul><li>v       Foreign Collaborations and Joint Ventures </li></ul><ul><li>v       Arbitration and Conciliation </li></ul><ul><li>v       Financial Management </li></ul><ul><li>v       Project Planning </li></ul><ul><li>v       Capital Market and Investor Relations </li></ul><ul><li>v       Due Diligence </li></ul><ul><li>v       Corporate Advisory Services </li></ul><ul><li>  </li></ul>
  15. 15. <ul><li>ICSI imparts training in Company Secretaryship by Distance Learning   ( by correspondence) enabling students to qualify as Company Secretaries. The Institute provides “ Course Material” for all the subjects at the time of Registration. There is also provision for Optional Oral Coaching classes. </li></ul>
  16. 16. The Company Secretary <ul><li>: </li></ul><ul><li>An in-house legal expert; a compliance officer of the Company. </li></ul><ul><li>An expert in corporate laws, securities laws & capital market and corporate governance </li></ul><ul><li>Chief advisor to the board of directors on best practices in corporate  governance </li></ul><ul><li>Responsible for all regulatory compliances of company </li></ul>
  17. 17. Stages to become a Company Secretary <ul><li>The student who would like to join the Course after 10+2 has to undergo three stages to pursue the Company Secretaries Course i.e. </li></ul><ul><li>  </li></ul><ul><li>  Foundation Programme </li></ul><ul><li>  Executive Programme </li></ul><ul><li>             Professional Programme </li></ul><ul><li>  </li></ul><ul><li>In addition, the student has to undergo Practical Training  for about 15 months which a student may opt to start after passing the Executive  Programme.  </li></ul><ul><li>  </li></ul>
  18. 18. After passing the Graduation Executive Programme Professional Programme The Student who would like to join the Course after passing the Graduation has to undergo Besides, the student has to undergo Practical Training  for about 15 months.            
  19. 19. <ul><li>Foundation Programme which is of eight months duration can be pursued by 10+2  pass students of Arts, Science or Commerce stream. Subjects </li></ul><ul><li>1.      English & Business Communication </li></ul><ul><li>2.      Basic Economics & Business Environment </li></ul><ul><li>3.      Financial Accounting </li></ul><ul><li>4.      Elements of Business Laws and Management </li></ul><ul><li>5.       Information Systems and Quantitative Techniques </li></ul><ul><li>  </li></ul>
  20. 20. <ul><li>  </li></ul><ul><li>Executive Programme can be pursued by a Graduate of all streams except Fine Arts. SUBJECTS </li></ul><ul><li>Group-I </li></ul><ul><li>1.       General Laws and Commercial Laws </li></ul><ul><li>2.       Company Accounts and Cost & Management Accounting </li></ul><ul><li>3.       Tax Laws </li></ul><ul><li>4.       Management Information Systems and Corporate Communication </li></ul><ul><li>  </li></ul><ul><li>Group-II </li></ul><ul><li>1.       Company Law </li></ul><ul><li>2.       Company Secretarial Practice </li></ul><ul><li>3.       Economic, Labour and Industrial Laws </li></ul><ul><li>4.       Securities Laws and Regulation of Financial Markets </li></ul><ul><li>  </li></ul><ul><li>  </li></ul>
  21. 21. <ul><li>Professional Programme can be pursued only after clearing the Executive Programme of CS Course. </li></ul><ul><li>  </li></ul><ul><li>Subjects </li></ul><ul><li>Group-I </li></ul><ul><li>  </li></ul><ul><li>1.       Advanced Company Law and Practice </li></ul><ul><li>2.       Secretarial Practice relating to Economic Laws and Drafting & Conveyancing </li></ul><ul><li>3.       Secretarial Management and Systems Audit </li></ul><ul><li>Group-II </li></ul><ul><li>1.       Financial, Treasury and Forex Management </li></ul><ul><li>2.       Corporate Restructuring – Law and Practice </li></ul><ul><li>3.       Banking and Insurance Law and Practice </li></ul><ul><li>Group-III </li></ul><ul><li>1.       World Trade Organisation International Trade, Joint Ventures and Foreign Collaborations </li></ul><ul><li>2.       Direct and Indirect Taxation Law and Practice </li></ul><ul><li>3.       Human Resource Management and Industrial Relations </li></ul><ul><li>  </li></ul><ul><li>QUALIFYING MARKS </li></ul>
  22. 22. QUALIFYING MARKS <ul><li>       A candidate is declared to have passed the Foundation/Intermediate/Final examination, if he/she secures at one sitting a minimum of 40% marks in each paper and 50% marks in the aggregate of all subjects </li></ul>
  23. 23. Postal / Oral Coaching <ul><li>      The Institute provides oral coaching through interactive learning. Duration is 6 to 7 months for Foundation Course and 4-5 months for Intermediate/ Final Course-two hours a day and six days a week </li></ul><ul><li>v       Also conducts refresher classes for students </li></ul><ul><li>v       Regional Councils/Chapters also conduct oral coaching classes in addition to postal tuition </li></ul><ul><li>v       On completion of oral / postal coaching students are eligible for appearing in examination </li></ul><ul><li>  </li></ul>
  24. 24. Medium of Examination <ul><li>Medium of Examination  </li></ul><ul><li>      The Institute allows option to submit the response sheets to the test papers in  English/Hindi as well for writing the examination   </li></ul>
  25. 25. Training <ul><li>A Student has to undergo 15 months Management Training in Companies sponsored by the Institute after passing the Executive  or Professional Programme or under the guidance of a Company Secretary in Practice </li></ul>
  26. 26. Admission and examinations <ul><li>Admission to the CS/ICWA/CA Courses are open throughout the year.  </li></ul><ul><li>Examinations are held twice a year in June &  December </li></ul>
  27. 27. <ul><li>Cut off dates for admission to CS course: </li></ul><ul><li>  </li></ul><ul><li>For Foundation Programme31st March for appearing in December Examination  in the same year. </li></ul><ul><li>30th September for June Examination next year </li></ul><ul><li>For  Executive Programme28th February for December Exams in the  same year31st August  for June Exam next year  </li></ul>
  28. 28. CS Prospectus <ul><li>can be obtained from </li></ul><ul><li>any of the offices of </li></ul><ul><li>the Institute across India and </li></ul>
  29. 29. <ul><li>Cost of Prospectus for Foundation Programme :    Rs. 200/- by cash payment while </li></ul><ul><li>       Rs. 250/- by Post or courier </li></ul><ul><li>  </li></ul><ul><li>Cost of Prospectus for the  Executive Programme :   Rs. 300/- by cash payment while                   </li></ul><ul><li>                                                                                       Rs.350/- by Post or courier </li></ul><ul><li>                                                                                    </li></ul>
  30. 30. Payment Option <ul><li>The payment can be sent to the Headquarters by demand draft drawn in favour of ‘The Institute of Company Secretaries of India’ payable at New Delhi OR by cash across the counter from the Headquarters, Regional Offices & a few of the Chapters.  </li></ul>
  31. 31. <ul><li>Fee Structure for CS Course </li></ul><ul><li>  </li></ul><ul><li>The fee  for CS Foundation Programme  is           -           Rs. 3000/- </li></ul><ul><li>            ExecutiveProgramme                                 Rs. 5250/- for Commerce Graduates </li></ul><ul><li>                                                                                  Rs. 5850/- for Non Commerce Students </li></ul><ul><li>  </li></ul>
  32. 32. Examination Centres <ul><li>ICSI has 66 scattered all over India including one overseas centre at Dubai. </li></ul>
  33. 33. <ul><li>      A qualified company secretary has openings in Employment and as Practising </li></ul><ul><li>Independent Professional company secretary </li></ul><ul><li>        Companies with a paid up share capital of Rs.2 crores or more are compulsorily  </li></ul><ul><li>              required to appoint a whole time Company Secretary who is a Member  of  ICSI </li></ul><ul><li>        </li></ul>
  34. 34. <ul><li>  All companies seeking listing on Stock Exchange are required to appoint a   whole time company secretary </li></ul><ul><li>        Membership of the Institute is recognized for appointment to superior posts and services under Central Government. </li></ul>
  35. 35. <ul><li>  </li></ul><ul><li>SUBJECTS  FOR CS </li></ul><ul><li>There are 4 papers in CS  Foundation Programme </li></ul><ul><li>There are 6 papers divided into 2  Modules in CS  Executive Programme </li></ul><ul><li>There are 8 papers divided into 4  Modules in CS   Professional   Programme </li></ul>
  36. 36. email your queries <ul><li>www. icsi . edu and email your queries at: info@ icsi . edu </li></ul>
  37. 37. Address <ul><li>SOUTHERN INDIA REGIONAL COUNCIL </li></ul><ul><li>ICSI-SIRC House, No.9 Wheat Crofts Road, Nungambakkam, Chennai 600 034 </li></ul><ul><li>Phone: 28279898, 28222212 Fax: 28268685 </li></ul><ul><li>E-Mail: siro @ icsi . edu ; [email_address] </li></ul><ul><li>  </li></ul><ul><li>Chapters: Bangalore : 22286574, 22287158 Coimbatore : 2452006, 4385766  Hyderabad: 23399541, 23396494 Kochi: 2392950 Madurai: 2340797 Mangalore : 2216482  Mysore: 2516065 Puducherry: 2205017      Thiruvananthapuram: 2451915 Tiruchirapalli : 2416337  Visakhapatnam : 2533516 Satellite Chapters: Calicut: 2762239 Palakkad: 2524548 Salem : 2442072 Thrissur : 2383960 </li></ul>
  38. 38. The Institute of Cost and Works Accountants of India <ul><li>The Institute of Cost and Works Accountants of India is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy. </li></ul><ul><li>A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, verification or certification of cost accounting and related statements </li></ul><ul><li>The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in India and abroad. </li></ul>
  39. 39. <ul><li>A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, verification or certification of cost accounting and related statements </li></ul><ul><li>The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in India and abroad. </li></ul>
  40. 40. CFA Institute in India   Serving investment professionals and Indian financial markets  
  41. 41. <ul><li>CFA Institute is the global, not-for-profit association of investment </li></ul><ul><li>Professionals that awards the CFA and CIPM designations. </li></ul><ul><li>We promote the highest </li></ul><ul><li>Ethical standards and offer a range of educational </li></ul><ul><li>Oportunities online and around the world . </li></ul>
  42. 42. 10+2 After 10 th CPT Four times in a year Professional competancy course CPT passed 3 years practical training under CA Twice-May&November 10+2 After 12 th std Foundation Twice in a year INTER Foundation/Graduate After completion of entire course Once in three months 10+2 After 12 th std Foundation Twice in a year Executive Programme Foundation/Graduate After completion of entire course Twice-June and December 10+2 After 12 th std Foundation Twice INTER Foundation/Graduate After completion of entire course Twice-June and December 1.Eligibility for Foundation 2.Registration 3. Test name 4.Foundation Exam 5.Stage-II 6.Eligibility 7.Practical Training 8.Exams CA CFA CS ICWA
  43. 43. Correspondence Yes Any time Yes Two ways NO Correspondence Yes Any time Yes Not required NO Correspondence Yes Any time Yes Two ways In ICWA 5 Correspondence Yes Any time Yes Two ways Yes In CS 4 9.Type of course 10.Can you study without attending classes 11.When to register? 12. Can you get material by post? 13.Eligibility certificate? 14. Subject Exemptions in other professional courses 15.Foundation subjects CA CFA CS ICWA
  44. 44. <ul><li>Thank You </li></ul>Your free web www.augustin.co.nr Study Income-tax,Management Accounting, Financial Management Costing, International finance For Clarification contact:aug_bang@yahoo.com

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