The document discusses competitive exams in commerce in India. It outlines four main exams: Chartered Accountancy (CA), Company Secretary (CS), Institute of Cost Accountants of India (ICWA), and Management Aptitude Test (MAT). For each exam, it provides details on eligibility, structure, roles and responsibilities of professionals in that field. The conclusion emphasizes that it is important to choose exams based on self-analysis and career interests rather than randomly.
Details in relation to opportunities in Commerce stream. Various diploma courses, Graduation & Post Graduation. Basic Information abour CA/CS/CWA Courses.
This presentation will help you out what carrier option a commerce student have and why to choose commerce after 10th class. and to begin with your dream at earliest
Details in relation to opportunities in Commerce stream. Various diploma courses, Graduation & Post Graduation. Basic Information abour CA/CS/CWA Courses.
This presentation will help you out what carrier option a commerce student have and why to choose commerce after 10th class. and to begin with your dream at earliest
Are you looking for the best career options after B.Com?
Bachelor of Commerce (B.Com) is one of the most popular graduation courses that students choose after completion of their school. If one has not chosen the right courses after B.Com, it would not be easy to find high-paying jobs for B.Com graduates.
There are a variety of career options available for students after completing graduation in B.Com. Many of the students are not aware of the different routes they can take to establish a successful career after B.com.
And to help you in that scenario, we have prepared the following list of the available career options after B.Com. Read more
https://www.cheggindia.com/career-guidance/career-choices-all-b-com-graduates-must-know-about/
Enroll yourself for +1 and +2 class commerce coaching. All the students will get individual attention. Our faculty will meet the needs of the students in the classroom. We are given a closer look to the problem of the students. We use the live examples and advanced techniques for them.
CPA – Certified Public Accountant is the reigning profession for public accountants all over the world. CPA is the statutory title offered to people who pass the uniform CPA examination and meet additional education and experience requirements for membership in any one of the states in the United States of America. The CPA designation is provided by the individual states in the US –the regulatory bodies in the process include the NASBA (National Association of State Boards of Accountancy) and the AICPA (American Institute of Certified Public Accountants). CPA, in very simple terms, is the US equivalent of the Indian CA qualification.
There are lots of career opportunities after B.com exam for you to explore. Being a final year B.com graduate you might be confused about what you need to do after B.com. It is very important to take up short-term high value or low investment courses present in the market. It is just not enough to complete your graduation because you need to face the tough competition.
1. Gyan Sagar institute gives best result graphically as training to the understudies for the planning while CA CPT Coaching in Chandigarh. Gyan Sagar institute is perceived as the best organization for best CA CPT coaching in Chandigarh from Past 6 years.
Are you looking for the best career options after B.Com?
Bachelor of Commerce (B.Com) is one of the most popular graduation courses that students choose after completion of their school. If one has not chosen the right courses after B.Com, it would not be easy to find high-paying jobs for B.Com graduates.
There are a variety of career options available for students after completing graduation in B.Com. Many of the students are not aware of the different routes they can take to establish a successful career after B.com.
And to help you in that scenario, we have prepared the following list of the available career options after B.Com. Read more
https://www.cheggindia.com/career-guidance/career-choices-all-b-com-graduates-must-know-about/
Enroll yourself for +1 and +2 class commerce coaching. All the students will get individual attention. Our faculty will meet the needs of the students in the classroom. We are given a closer look to the problem of the students. We use the live examples and advanced techniques for them.
CPA – Certified Public Accountant is the reigning profession for public accountants all over the world. CPA is the statutory title offered to people who pass the uniform CPA examination and meet additional education and experience requirements for membership in any one of the states in the United States of America. The CPA designation is provided by the individual states in the US –the regulatory bodies in the process include the NASBA (National Association of State Boards of Accountancy) and the AICPA (American Institute of Certified Public Accountants). CPA, in very simple terms, is the US equivalent of the Indian CA qualification.
There are lots of career opportunities after B.com exam for you to explore. Being a final year B.com graduate you might be confused about what you need to do after B.com. It is very important to take up short-term high value or low investment courses present in the market. It is just not enough to complete your graduation because you need to face the tough competition.
1. Gyan Sagar institute gives best result graphically as training to the understudies for the planning while CA CPT Coaching in Chandigarh. Gyan Sagar institute is perceived as the best organization for best CA CPT coaching in Chandigarh from Past 6 years.
Tax Auditor in India Hold a Crucial Role in Financial Compliance.pdfgkkedia04
Tax Auditor in India is essential to maintaining openness and financial compliance. Their knowledge is essential for correctly assessing tax liabilities when analyzing the financial records of both individuals and companies.
Chartered accountancy has been one of the most popular career choices in India. This profession is not easy to get into but if you manage to do so, it offers a great career path, salary, and respect among people. One of the reasons why people respect chartered accountants is not because of the designation or pay, it is mainly because it is not easy to become one. The path to becoming a chartered accountant or CA is tough and it can be easily said that it is one of the, if not the toughest profession. We like to keep our career guides very real and honest, so we had to open with the harshest truths about this profession.
Commerce can be defined as a detailed study of business and marketing activities such as the exchange of commodities from the producers to the final customers. Commerce, as a stream, can provide a plethora of career options.
Delve into the CA vs CS debate and discover which profession suits you best. Explore the differences in roles, education, career prospects, and skill requirements. Gain insights into the respective fields' earning potential, job market demand, and professional growth opportunities. Make an informed choice for your future career path
Financial Courses are offered in India at various levels. There are courses after intermediate, after graduation and after masters. Some of the courses are also offered as skill enhancement programs for working executives. These financial courses can be grouped in different ways there are statutory courses that are offered by bodies set up by acts of parliament, courses offered by various universities in India, courses offered by foreign boards by setting up representative boards in India.
INDUSTRY AND CAREER RESEARCH REPORT .docxdirkrplav
INDUSTRY AND CAREER RESEARCH REPORT 15
Industry and Career Research Report
Professor’s Name
Student’s name
Student’s number
Date of submission
Running head: INDUSTRY AND CAREER RESEARCH REPORT 1
Table of Contents
Industry and career research report 3
Academic Program Outline 3
Industry affiliations 5
Professional associations 5
Purpose 5
Users 6
Services 6
Events 6
Membership and fees 6
Industry certification and publication 6
Levels 6
Cost of certification 7
Process 7
Benefits 7
Industry related publications 7
News Article 8
Job posting 8
Three job requirements 8
Job fit 8
Industry and career research reportAcademic Program Outline
The program below if for accounting, it will enable you to learn how to set up your business for success. After studying the program, you will acquire skills that will help you get a job in any business environment or start up your own business and manage it well. The program covers managerial accounting, financial accounting and use of software that operate in business environment (Centennial College, 2015).
Table Number 1
Program name: Business administration- Accounting
Program number: 2405
Program coordinator:
Course code
Course title
Weekly hours
One course learning outcome
Semester 1
ACCT-12
Financial accounting 1
4(2+2)
The course introduces simple tools to allow you to analyze financial information and explain the information contained in the financial statements in your future roles as managers, investors, or other users of financial accounting information.
COMM-160/161
College communication 1
3
It enables the student to develop skills in grammar, sentence variety, paragraph development, vocabulary and reading comprehension.
COMP-106
Applied business software 1
8(4+4)
Students to develop skills needed to prepare for the MOS (Microsoft Office Specialist) exam for Word and PowerPoint
FINA-110
Canadian investment funds course
4
overview of the economic and investment framework in which the mutual fund industry operates
MATH-119
Mathematics of finance part 2
MKTG-116
Principles of marketing
3
It provides an overview of contemporary marketing, emphasizing the management of the product/service, price, promotion and distribution areas of an organization within a changing environment.
Semester 2
ACCT-150
Small Business Software
6(2+4)
Create and maintain electronic accounting records for various types of businesses
ACCT-221
Financial Accounting 2
4
Preparation of financial statements in accordance with Generally Accepted Accounting Principles.
BUSN-225
Intro to Research Methods and Data Analysis
4
Apply statistical and other quantitative techniques to business problems and interpret the solutions for improved decision-making.
COMM-170/171
College Communication 2
3
The student will recognize and use a variety of structural and stylistic techniques, analyze audience, purpose, and tone, and develop critical readin.
FOR MORE CLASSES VISIT
www.acct504mart.com
Case Study 1 (Part A)Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions: For this week's checkpoint we had to look up three job postings in the field of accounting. I'm glad that I got this opportunity because it actually opened my eyes and expanded my knowledge in the accounting field. The three job positions are listed below. The first job title was Senior Internal Auditor.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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4. INTRODUCTON
There are many competitive exams in India which anyone can
appear after 12th or after graduation. However if you are from the
Commerce stream, you will have to choose which competitive exam to
appear for. Also you need to decide whether you wish to go for
government job or a private sector job? Based on this also it will depend
which competitive exam to appear for.
Basically, every ones thinking is not in the right direction, since
they wish to appear for competitive exams not considering what career
they wish to go in and what are those aspects which will make them
successful in the career. It is important, to analyze ones own capabilities,
emotional quotient, interests, likings, strengths, weaknesses, etc. Any
career choice should be determined based on these aspects only and not
by randomly choosing.
Since in commerce, can appear for the exams like CA, CS,
ICWA, MAT, etc. These are professional courses which lead you
to a professional career as a professional expert in the respective
domain area.
5. 1.CHARTERED ACCOUNTANCY COURSE
(CA COURSE)
The CA courseis designed to combine theoretical study with practical
training. The Chartered Accountancy courseis considered to be the rigorous
professionalcourses both in India and Worldwidewith only 3-8 % of the students
passing in every attempt in Inter and Final Level. At Present, pass ratein
Foundation is Approx15%, Inter 4-8 %, Final3-7 %, that means students who take
admission in CA Course, only 0.0225% to 0.096%actually pass CA. For instance, in
the November 2013 CA Final exam, the pass percentage was merely 3.11% (Both
Groups) As of April 2010, Theprestigious institute has 874,694 students, studying
various levels of the Chartered Accountancy Course.[4]
The Chartered Accountancy
examinations are divided into three levels. They are
. Common Proficiency Test (CPT)
Integrated Professional Competence Course (IPCC)
Final Examination
6. CPT covers four basic subjects viz.
Fundamentals of Accounting, Mercantile Laws, Economics and
Quantitative Aptitude. Fundamentals of Accounting carries 60 marks,
Mercantile Laws carries 40 marks and Economics & Quantitative
Aptitude carries 50 marks each. A person can register for CPT after
completing Grade 10 and take the exam after completing High School
(Grade 12). Every incorrect answer on the CPT exam carries a 0.25
negative mark. A candidate is considered to have cleared CPT if he/she
obtains in a sitting 30% in each of the 4 sections and a 50.00%
aggregate in the entire examination.
7. IPCC or Integrated ProfessionalCompetenceCourseis the
second level of Chartered Accountancy examinations. A person can take the IPCC
Examination after passing CPT and nine months of study. IPCChas two groups of
seven subjects. Group – I consists of four subjects and Group – II of threesubjects.
Group I:
Paper 1 : Accounting
Paper 2 : Business Laws, Ethics and Communication
Paper 3 : Cost Accounting and Financial Management
Paper 4 : Taxation
Group II:
Paper 5 : Advanced Accounting
Paper 6 : Auditing and Assurance
Paper 7 : Information Technology and Strategic Management
A passing gradein IPCCis awarded if the candidate obtains 40% marks in each
subject(a subjectis attributed 100 marks) and an aggregate of 50% in the
aggregate in each group. Benefit of set-off is also available if the candidate
appears for both groups together and obtains 50% collectively in both groups,
even if he fails to obtain an individual aggregate of 50% in the each group
independently.
8. Final Examination is the last and
final level of Chartered Accountancy Examinations. It is considered as
one of the toughest exam in the world. Any person who has passed
both the groups of IPCC, during the last six months of articleship can
take the Final Examination. This exam consists of two groups of four
subjects each.
Group I
Paper 1 : Financial Reporting,
Paper 2 : Strategic Financial Management,
Paper 3 : Advanced Auditing and Professional Ethics,
Paper 4 : Corporate and Allied Laws,
Group II:
Paper 5 : Advanced Management Accounting
Paper 6 : Information Systems Control and Audit
Paper 7 : Direct Tax Laws
Paper 8 : Indirect Tax Laws
9. ROLES AND RESPONSIBILITIES
Chartered accountants who work as auditors are responsiblefor checking a
company's statements to makesure they are legal and accurate. Auditors work as
independent outsiders who can give an objective and reliable assessmentof the
validity of an organization's financialstatements. They sometimes make use of
computer softwaredesigned to spotany irregular patterns that may indicate
fraud or mismanagement. Because auditors are usually broughtin from outside
the company, you may have to travel frequently if you choosethis specialization.
Chartered accountants can specialize as tax accountants, financial
accountants, auditors or management accountants. Tax accountants are
responsiblefor making surethat the client's tax forms arecomplete and accurate,
and that the client is paying neither morenor less than necessary. This can
include important financial decisions such as whether or not to claim a business
expense, when to differ a tax responsibility, and other issues that include both
legal and financial ramifications. Tax accountants can work for individual or
corporateclients.
The role of a chartered accountant can cover many aspects of finance work:
undertaking financial audits (an independent check of an organization’s
financial position);
continuous management of financial systems and budgets;
Providing financial advice.
10.
11. 2. COMPANY SECRETARY
(cscourse)
A company secretary is a senior position in a private sector company or
public sector organisation, normally in the formof a managerial position or
above. In large American and Canadian publicly listed corporations, a company
secretary is typically named a corporate secretary or secretary.
The company secretary is responsiblefor the efficient administration of a
company, particularly with regard to ensuring compliance with statutory and
regulatory requirements and for ensuring that decisions of the board of directors
are implemented.
Despite the name, the role is not clerical or secretarial. The company
secretary ensures that an organisation complies with relevant legislation and
regulation, and keeps board members informed of their legal responsibilities.
Company secretaries are the company’s named representativeon legal
documents, and it is their responsibility to ensurethat the company and its
directors operate within the law. Itis also their responsibility to register and
communicate with shareholders, to ensurethat dividends are paid and to
maintain company records, such as lists of directors and shareholders, and annual
accounts.
12. ROLES AND RESPONSIBILITIES
Company secretaries in all sectors havehigh level responsibilities including
governancestructures and mechanisms, corporateconductwithin an
organisation's regulatory environment, board, shareholder and trustee meetings,
compliance with legal, regulatory and listing requirements, the training and
induction of non-executives and trustees, contact with regulatory and external
bodies, reports and circulars to shareholders/trustees, managementof employee
benefits such as pensions and employee shareschemes, insuranceadministration
and organisation, the negotiation of contracts, risk management, property
administration and organisation and the interpretation of financial accounts.
Company secretaries are the primary sourceof advice on the conduct of
business and this can span everything fromlegal advice on conflicts of interest,
through accounting advice on financial reports, to the development of strategy
and corporateplanning.
In India, every listed company and other class of companies (i.e. non-listed
public companies with sharecapital of 50 million (5 Crore) & private Companies
with sharecapital of 50 million [5 crore]) are required to have a Qualified
Company Secretary be appointed as Key Managerial Personnelto performthe
Functions of Company Secretary under section 203 of the Companies Act, 2013
read with Rule 8 of Companies (Appointment and Remuneration of Key
Managerial Personnel) Rules, 2014.Butlater it is clarified by the Ministry of
CorporateAffairs company secretary would be appointed as earlier
13.
14. 3. INSTITUTE OF COST & WORKS ACCOUNTANTS OF INDIA
(ICWACOURSE)
The Institute of Cost Accountants of India
(ICAI) [previously known as the Instituteof Cost& Works Accountants of India
(ICWAI)] is a premier statutory professionalaccountancy body in India with the
objects of promoting, regulating and developing the profession of Cost
Accountancy. Itis the only licensing cum regulating body of Cost & Management
Accountancy profession in India. It recommends the Cost Accounting Standards to
be followed by companies in India to which statutory maintenance of costrecords
applicable. ICAI is solely responsiblefor setting the auditing and assurance
standards for statutory CostAudit to be followed in the Audit of Cost
statements in India. Italso issues other technical guidelines on severalaspects
like InternalAudit, Management Accounting etc. to be followed by practising Cost
Accountants while discharging their services. Itworks closely with the industries,
various departments of Governmentof India, State governments in India and
other Regulating Authorities in India e.g. Reserve Bank of India, Insurance
Regulatory and Development Authority, Securities and Exchange Board of
India etc. on severalaspects of performance, costoptimisation and reporting.
15. ROLES AND RESPONSIBILITIES
The regulating body is responsible for
preparing the financial reports of the organization, analyzing the
reports as well as presenting the reports to the management as well as
decision makers in the most lucid manner. The importance of the
responsibilities of the management accountants can be gauged by the
fact that almost all the decisions that the organization makes in order
to further their business or to increase the number of employees or any
other decision really depends on the financial reports prepared by him.
He is the person who performs the key role in determining whether a
particular project that the organization has undertaken would be
beneficial to the organization or not. In fact he can play a key role in
determining the projects that are worth taking up or not.
16.
17. 4. Management Aptitude Test
(MAT COURSE)
Management Aptitude Test (MAT) is a standard aptitude test
conducted in India since 1998 by the All India Management
Association (AIMA). MAT is used for admission to Master of Business
Administration (MBA) and allied programmes by over 600 business
schools across India. It was approved by the Ministry of Human
Resource Development in 2003.[1,
Candidates can choose to take either a paper-based or a
computer-based test. It is conducted in either English or Hindi.
18. Eligibility is for graduates in any discipline, though final year
students of graduate courses can also apply.[1] The test is offered
four times in a year in February, May, September and
December.[2] The cost of admission was ₹1,400 (US$22) in 2017
and the test scores are valid for one year.[2]
The tests includes 200 questions, 40 in each subject: language
comprehension, mathematical skills, data analysis and sufficiency,
intelligence and critical reasoning, and Indian and global
environment. Time allotted is 150 minutes
The MAT exam generally comprises 200 questions with 4 marks for every
right answer and 1 mark deducted for every wrong answer. Thevarious
areas which generally have 40 questions each are as follows.
Quantitative ability
Data Interpretation
Data Sufficiently
Verbal Ability and Reading Comprehension
General Awareness
Analytical and Logical reasoning
21. A competitive examination is
an examination where candidates are ranked according to their
grades. If the examination is open for n positions, then the
first n candidates in ranks pass, the others are rejected.
Competitive examinations are
considered an egalitarian way of choosing worthy applicants
without risking influence peddling, bias or other concerns.
It is important, to analyze one’s own capabilities, emotional
quotient, interests, likings, strengths, weaknesses, etc. Any career
choice should be determined based on these aspects only and not
by randomly choosing.