Accounting & Commerce

It will not be wrong to claim that Chartered Accountants life is usually full of challenges which certainly call for enormous courage and leadership skills. Chartered Accountancy is financially cheaper compared to other streams. It is thus open for students of various backgrounds. A lot of CA students have not had privileged education, such as students from government schools or smaller towns etc, or students who have studied in Hindi but appear for the exams in English. For these candidates, CA course is relatively tough.
Consequently, it becomes a challenge for such students to survive the mainstream competition. Of course, one can argue that the flip side is equally true, since the general candidates in other courses have to compete for a smaller number of positions (due to reservations). However, the low pass percentages must be considered in light of this fact.
Read through this article to get more insight:
https://www.shiksha.com/accounting-ace-article-5241-1

ICAI is the only recognised statutory professional organisation and licensing body in India that specialises exclusively in Cost and Management Accountancy.
It provides training programmes in areas of cost and account management and contributes to the economic and industrial development of the nation.
Companies offer the positions of a Managing Director, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager and Chief Internal Auditor.
The salary package of cost accountants can vary from 4 LPA to 6 LPA. Cost consultancy and teaching are good work options.
For details, please refer to the link:
https://www.shiksha.com/career-in-icwai-article-4663-1

Making the right career choice is sometimes a bit confusing. But once you are aware of your interests and which way you exactly want to go things might seem a bit easy.
If you are from commerce background, you can pursue graduation/post graduation in the field and look for a job after its completion. A better option would be to prepare for other courses/programs along with your graduation.
Following are a few combination programs you can consider-
1. B.A./B.Com/B.Sc. and LLB/LLM
2. B.Com/B.A./B.Sc. and CA/CS/CWA/CFA
3. B.Com and DTL
4. B.Com and MBA (Finance/HR/Marketing)
5. B.Com and Mass Communication / Journalism
6. B.Com and Stock Market courses (NCFM/NISM)
7. B.A./B.Com and M.A./M.Com/MBA, NET/Ph.D
8. B.E. and Project Management
Then there are a few Professional Courses you might want to pursue instead, like-
1. CA and CS
2. CA/CWA and MBA Finance
3. CA and CWA
4. CA, CS, CWA
5. CA and CFA
6. CA and CPA
7. CS and LLB
8. CS and MBA Finance
9. CS and CWA
If you are done with your graduation and are planning for further studies, then you may consider combination programs for MBA, like-
1. MBA Finance and SAP/ Oracle ERP/ Tally courses
2. MBA HR and Diploma in Labour Laws/ Industrial Relations/ LLB/ Industrial Psychology
3. MBA Marketing / Operations and Diploma in SCM/Logistics
4. MBA (any field) and Project Management / Six Sigma certification

You have following options to work in IT companies to pursue your interests in ccmputers after pursuing Commerce stream:
(a) For technical roles in IT companies you can do BCA MCA if you have Maths as a subject in 10+2 stage. If you do not have Maths in 10+2 stage your choices of Universities and Institute where you can do BCA-MCA will be limited.
(b) You can join IT industry as a Business Analyst. You may specialize in a domain such as Finance, Healthcare, Travel and Transportation, education etc. In addition you can do Business Analyst certifications from IIBA or BCS. Certifications from IIBA or BCS are widely accepted across world in field of IT. Some domain experts also join as testers to become IT professionals. Lot of IT Project Managers grow from testing field which is important component of Software Development Life Cycle.
(c) You can also also do BBA-MBA and join IT industry in the field of Pre-sales support, Sakes and Marketing, Acoount management. Most of commerce graduates prefer this option by doing MBA IT.
In addition you can do generic MBA and join IT companies in support functions such as Human Resources, Finance, Administration etc. You may choose any of the above mentioned option based on your interests, personal traits and preferences.

After 12th, a student is eligible to take the foundation course. The examination can be taken twice a year, in June and December. Candidates who pass the foundation examination are eligible to seek registration.
It has 3 levels preliminary, intermediate and final level.
The final examination can be taken after 18 months of enrolling in the course and having undergone satisfactory postal or oral tuition for the particular group of the final examination. Enrolment is open throughout the year. For appearing in the June examination, enrolment is open up to September and for appearing in December examination, enrolment is completed by March.
Practical experience ranging from two to three years or management training of 15 months, and four months practical training in a company which is arranged by the institute is also required.
After qualifying in the final examination and undergoing the practical training, a candidate is eligible to be admitted as an Associate Member. Senior Associate members may be entitled to become fellows.
Admission is open to anyone who has passed the graduate from a UGC approved university or any other equivalent qualification or those who have taken the foundation examination.

1. M.Com: The course is an extension to B.Com and helps you gain a deeper insight into general functions of working of a business. Generally, those who want to do research work, undertake this course. An obvious progression would be to do an M.Phil followed by a Ph.D, depending on the level of expertise desired. Jobs available are teacher in schools and college.
On corporate side, you have opportunity in finance department of corporate to work as an analyst, research work, consulting, etc.
2. CA: A CA can be pursued along with under graduation and need not necessarily to be done post under graduation. This course help you to develop the level of expertise in accounts, tax, audit and assurance and consulting. At the intermediate level, one is required to do article ship, where in one can get and insight into these departments, thus align your job to your desire.
3. CS: These are the people, who ensure regulatory compliance of rules and regulations. Again like CA can be pursued along with the graduation, and is relatively easier than CA.
4. ICWA: Cost accountants, who controls and manages cost of an organization.
5. MBA: It is a post-graduation course, which helps and individual to build himself in array of things such that his overall personality is enhanced and he can better manage a various functions of an organization and probably with time build an understanding to manage the entire organization. In a B-school, one get number of opportunities to explore his talents in various field.
6. Law: With a little understanding of business law in B.Com and individual can get a brief exposure to the subject and probably decide, if he wants to pursue this or not.
Apart from these generic course, there are number of other course that an individual can pursue.
1) Actuarial science: It for those people who like risk management and like analytic. Understanding of economics and statistics would be necessary to pursue the course.
2) CFA: This again is a professional course on the higher side as per cost is concerned. This helps an individual to gain deeper understanding of corporate. It covers a broad range of topics relating to investment management, financial analysis, etc.