Accounting & Commerce

Once S K Somaiya College of Arts, Science and Commerce releases BA and BCom meirt lists 2023, selected candidates who meet the qualifying cutoff will receive offer letter. Candidates with offer letters must follow the following steps:

Step 1: Login to the official admissions website of S K Somaiya College of Arts, Science and Commerce at admissions.somaiya.edu

Step 2: Select the application number of S K Somaiya College of Arts, Science and Commerce

Step 3: On the next page, click on the Complete now – for Program Allotment status process.

Step 4: On the next page click on Accept (If candidate wants to take admission) 

Step 5: Pay the fees.

There is no difference between ICWA and CMA. The Institute of Cost and Accounting, commonly known as ICMAI, was earlier known as the Institute of Cost and Work Accountant of India (ICWAI). The institute with the name ICWAI, offered the course terming it as ICWA. With change in the name of the institute to ICMAI, the course name has been changed to CMA. 

Thus, there is no difference between CWA and CMA. Both are the same courses, only the name has been changed in the previous years. Similarly, ICWAI and ICMAI are the same institute with changes in names over the years. Besides the nomenclature, there is no change in the literal meaning.

There are 3 stages in CMA course, including the Foundation, Inter and Final courses. Candidates who wish to become a certified Cost and Management Accountant in India must complete all three levels of the CMA course.

CMA Intermediate under June 2023 term comprises multiple deadlines. The deadlines to appear for the CMA Intermediate course exam includes:

• Deadline to Complete CMA Enrolment: Typically, the candidates had to complete the CMA course enrolment by January 31 to appear for June exam term. For June 2023, ICMAI extended the last date to enrol from January 31 to February 10.
• Deadline to Submit CMA Exam Form: CMA students have to fill and submit the CMA exam form to appear for any of the course levels, including Intermediate. The last date to submit the CMA Intermediate exam form to appear for June 2023 exam was May 15.
• Last Exam Date for CMA June 2023 Intermediate Course: CMA exam for Intermediate course has two groups. Candidates can appear for both the groups in one term. The last exam date for CMA June 2023 Intermediate course is set as July 22.

The main programme offered by ICSI is that of a CS aka Company Secretary itself!

Company Secretary course (CS) is offered by the Institute of Company Secretaries of India (ICSI), set up under the Company Secretaries Act, 1980 to regulate the profession of company secretaries in India. CS course consists of two stages - CS executive followed by the CS professional programmes. To get admission into the CS executive programme (first level), candidates need to qualify in the national-level Company Secretary Executive Entrance test (CSEET). A direct admission route is also available to eligible candidates. Thereafter they must qualify in the CS professional course.

It must be noted that Company Secretary course earlier had three levels, the CS foundation course which was the first level is to be discontinued. Candidates must complete the Company Secretary course to be eligible to practice as a CS.

the latest Updates on CS Course: UGC has recentlyrecognisedthe Company Secretary qualification as equivalent to a post-graduate degree. This allows CS qualified students to apply for and appear in UGC NET. Candidates can now take up PhD programmes in Commerce or allied areas.

ICSI course is for aspirants who wish to become company secretaries in India and abroad. Company secretaries aid in filing, registering, presenting, attesting or verifying any documents (including forms, applications and returns) by or on behalf of the company, a share transfer agent, an issue house, a secretarial auditor or consultant.

They can act as an advisor to a company on management including any legal or procedural matters falling under the Capital Issues (Control) Act, 1947 and other acts like the Industries (Development and Regulation) Act, 1951, the Companies Act, 1956, the Securities Contracts (Regulation) Act, 1956 as well as any of the rules or bye-laws made by arecognisedstock exchange, the Monopolies and Restrictive Trade Practices Act, 1969, the Foreign Exchange Regulation Act, 1973*, or under any other law in force. Qualified company secretaries may become legal advisors, corporate policymakers, planners, etc. in notable firms across India and abroad. Read the entire article to know details about CS course, syllabus, duration, eligibility requirements, subjects, career opportunities etc.

At the end, Iwould like to share my personal experience being a CS aspirannt, whereIwould highly recommend this couse to students who are extremely dedicated and motivated towards their career and have keeninterestin corporate and other laws.