CAREER AFTER INTERMEDIATE WITH COMMERCE STREAM

With Commerce Stream:

C.A. Foundation: (www.icai.org)

The two major streams in Accountancy are : Chartered Accountancy and Cost And Works Accountancy (Management Accountancy). Those interested can register for the Professional Education (I) or Foundation course with the Institute Of Chartered Accountancy Of India (ICAI) or Institute of Costs And Works Accountancy (ICWAI) respectively. After clearing the PE-I of ICAI or Foundation examination of ICWAI, he/she can start off with the PE-II of ICAI or Intermediate Course of Cost And Works accountancy.

CA programme is of two years apart from the training period. It has three sections,

1. Foundation (common proffeciancy  test)
2. Intermediate ( integrated professional competence course )
3. Final course

1. Foundation: The Institute of Chartered Accountants of India offers CA foundation course to students passing 10+2 in any subject. The duration of the course is one year. On registration with the institute, students are provided with the study material by the Board of Studies. Students have to complete their study and clear the test papers under the postal tuition scheme. They also have an option to attend contact classes organised by accredited institutions. Students opting for these classes are exempted from taking the test papers under the postal tuition scheme.

After 12 months of registration and satisfactory compliance with the requirement of the Board of Studies, the Foundation examination can be taken up. The examination is conducted twice every year i.e. in the months of May and November. The course has four papers in the following subjects.

Fundamentals of Accounting, Mathematics and Statistics, Economics Mercantile Law

After clearing the papers of the foundation course, candidates can register for articleship (apprenticeship) under the practicing CAs or CA firms. Articleship has to be done for a period of over 3 years. The training begins under close supervision and later on, articles can manage bigger assignments. The purpose of articleship is to impart practical training and exposure of the profession. During the articleship, after 12 months, the articles can take up intermediate examination. Articleship also includes a year of industrial training which can be done in the last year after clearing Intermediate examination. After completing articleship, seeking membership of the Institute is essential for practicing as a Chartered Accountant. After 5 years of membership fellowship of the Institute can be taken.

Many students prefer to pursue Chartered Accountancy professional training and course after graduating. These students have to take entrance test in 4 subjects (Elements of Accounting, English, Mathematics and General commercial knowledge and Economics). Graduates who have secured 50% marks in subjects (Accounting, Auditing and Commercial or Mercantile Law) are exempted from taking the entrance test. Other graduates with 55% marks are also exempted from the entrance test. Rest all is same as those who have taken the Foundation Course.

2. Intermediate Examination: Registered students who have completed 9 months of training as articled or audit clerks and have completed the oral/postal tuition scheme imparted by the Board of Studies, are eligible to take the Intermediate Examination. The Examination has the following subjects.
1. Group I:

Accounting, Law, and Auditing

2. Group II:

Cost accounting, Income-Tax & Central Sales Tax, and Oganisation&Management and Fundamentals Of Electronic Data Processing.

3. Final Examination: Students who successfully clear both the groups of Intermediate Examination of the Institute and complete the prescribed period of practical training (3years) or have yet to serve a period not more than 9 months of such services can take the Final Examination. The Examination has the following groups.
1. Group I:This group consist of the following subjects; Advance Accounting, Management Accounting, Auditing and Company Law
2. Group II:        This group consist of the following subjects; Direct Tax Laws, Corporate Management, Secretarial Practice, Managerial Economics and National Accounting Operational Research and Statistical Analysis, System Analysis and Data Processing, Costs Systems and Cost Control Management Information and Control Systems, Tax Planning and Tax Management, Management and Operational Audit.

 

C.S. course: (company secretary) (www.icsi.edu)

The career course of Company Secretary is not only prestigious but is financially rewarding too. The post of a Company Secretary is considered a respectable one in the hierarchy and this is one of the most important posts a person handles.

This is because, in this position, one acts as the mediator between the company and its Board of Directors, government, shareholders and regulatory authorities. The job of a company secretary is to ensure that the Board procedures are strictly followed and regularly revised. Company Secretary is the conscience seeker of a company. He or she guides the Chairman and the Directors on how to make the best use of their responsibilities under various laws. There are so many career institutes in India that offer courses for company secretary

Eligibility : 10+2 / graduate.

Duration : 2 ½.years for graduates

                  3 ½.years for 10+2 candidates.

Eligibility for Company Secretary Courses:

A candidate needs to clear 3 stages to qualify as Company Secretary and these are:

• Foundation Course
• Intermediate Course
• Final Course

             These are the three levels included in the courses on company secretaryship. The details are as follows:

Foundation Course :

The minimum eligibility to gain entry in the Foundation Course is a pass in 10+2 examination or its equivalent in any stream. The course is of 8 months duration.

Intermediate Course:
A pass in the Foundation Course Examination of the ICSI/Graduation degree or a Master's degree/Pass in ICWAI, ICAI can allow you entry in the intermediate course. The course is of 9 months.
Final Course:Once you pass the Intermediate Course you automatically become eligible for admission to the Final Course.

 Note  :One passing the Final examination of ICSI you will need to undergo a practical training after which, you will be completely eligible for the Associate Membership of the Institute.

Source : www.indiaedu.com

B.C.A. (3 Years): bachelor of commerce & administration

The Bachelor of Commerce and Administration (BCA) programme has been designed to equip students for a successful future in today's exciting commercial environment. It provides a strong foundation of the essentials required for work in all areas of public administration and private business.

Commerce graduates are able to transfer the skills they acquire across many sectors and may become managers, accountants, economists, analysts and entrepreneurs in businesses and public sector organisations

B.Arch. (3Years):bachelor of architecture

Already discussed above

B.Com. (3 Years):

This area is completely based on the field of commerce . After completion of this course student can go for CA,CS etc., 

B.B.A. (3 Years): bachelor of business administration.

            The BBA program usually includes general business courses and advanced courses for specific concentrations.

 

 

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