Accounting & Commerce

Chartered Accountant (CA) Course
The CA course is conducted by Institute of Chartered Accounts of India (ICAI).
You can register for the course after completing class 11th but passing 12th is
compulsory by the time of first exam.The registration process for the course
remains open throughout the year.
The course basically comprises of following stages
1. Competence Proficiency Test or CPT
2. Integrated Proficiency Competence Course or IPCC (Group-I and Group-II)
3. Final Course
Competence Proficiency Test or CPT
You can apply for CPT while studying in class 12th or after passing 12th with any percentage.
If due to some reason you qualify CPT but fail in 10+2 board exams, your CPT
qualification will be cancelled.
Once you are CPT qualified, you can get admission in IPCC.
Integrated Proficiency Competence Course or IPCC
There are two groups in IPCC (Group-I and Group-II).
You can apply for Group-I and Group-II exams in the same session or in different sessions.
After passing both groups of IPCC you will have to undergo 3 year Articled Training.
After completion of Articled Training or during the last year of Articled Training, you can
apply for CA Final Course exam.
Taking both group exams could be difficult so on the basis of you convenience, you can
take the group exams in the same session or in other session
If you take group exams in different sessions then you can start Articled Training
after Group-I exams and you can appear Group-II exams during the training
period or later.
After passing both exams and completion of Articled Training, you can apply for Final Course.

You have options of doing and excel in degrees such as M.Com, MBA, MCA, PG Diplomas, industry certifications, LLB etc. M.Com focuses on commerce, accounting, management and economics related subjects and prepares you for finance and accounting jobs in enterprises.
MBA is a generic course on business management and administration and it focuses on functional areas of business such as accounting, finance, marketing, human resources and operations. MBA provides wider options in different functions and various types of industries. Although, you must do post graduate degree based on your interest area, I will recommend MBA with finance specialisation for better career opportunities and growth.

There are many colleges offering regular degree course as well as in correspondence. Some are recognized and some are not. If you do the degree course from a recognized board or university then the value is similar for both the exams. Actually the correspondence course was introduced for the benefit of students who were unable to attend regular classes due to certain unavoidable circumstances. So you see that the main difference is that in regular classes a student gets to learn from distinguished professionals in the class room whereas in correspondence a student prepares himself with some assistance from tutors. Regarding its acceptance and value both holds equal relevance provided the degree is obtained from recognised universities or boards.

Chartered accountancy is a professional degree course which offers huge scope for the
aspirants. After becoming a CA, a person can choose to
either be employed with a firm as an employee or they can
choose to open their own private practice.
Before discussing the scope of chartered accountant career,
let us look into the various reasons for why CA is a good
career option
*This professional degree course gives you flexibility to go
for higher education like MBA, CFA etc.
*There is no constraint on study hours that is, you do not
have to go to college to study and you can control the pace
of your study.
*Articleship is a mandatory part of the curriculum, and as
such, it gives you practical experience while doing
articleship. An aspirant can choose the organization they
want to work with.
*Most of the CAs end up being entrepreneurs. They are their
own boss. CAs can choose to become tax advisers and
consultants also.
*Maintaining continuity in career is easier for a Chartered
Accountant, as they can afford to take breaks and
sabbaticals and make a comeback after little brushing up of
knowledge.

Treasury & foreign exchange functions in banking are becoming increasingly important as the forex flow in the country is increasing & international markets are funding the operations of Indian corporates. Management of treasury profit center requires a wide variety of knowledge in the area of global money markets & financial instruments such as deposit certificates, treasury bills, forecasting, source evaluation & cost of domestic & foreign currency funds. Treasury & risk management ensures cost effectiveness in planning strategies in this era of deregulation. The currency values, interest rates, share index & commodities affect the financial derivatives like futures, swaps & other tools of risk management. Corporates therefore employ well trained professionals to manage treasury & forex functions so that they can ensure competent management. In a forex marketing job, which is an interbank job, a person needs to assess various markets on the behalf of the bank to advise corporates or other banks who need foreign currency. The job requires one to be constantly updated about the policies of the regulatory bodies, monitoring the current prices, making predictions based on analysis of trends etc. To build a career in forex management you may look at enhancing your qualifications. Treasury & forex management is becoming important as the forex flow increases & international mark.