Shiksha Top Questions

ICWA degree holders are highly demanded in the government sector, private enterprises, development agencies, banking & finance sector, education and training sectors. With the advancement of the economy, demands for cost and management professionals are rising rapidly.
Some popular areas where you can find jobs are consultancy firms, developmental agencies, departments of company affairs, training & research organisations, service industry, stock exchanges, public utility sector and other regulatory bodies. There are plenty of employment opportunities are available for the ICWA qualified people. Once you have completed the ICWA course, you can start up your career as a cost accountant.
In India, you can expect a starting salary between Rs. 3 to 4 lacs per annum. Your salaries will also depend upon your working job profile, sector and experience in this field.
In abroad (USA), the average salary of a cost accountant is around $53k per annum.

Tomorrow is too late, yesterday is over and now is the exact right time to start! CAT aspirants, it is very important to allocate enough time while preparing to the basic section. Here are a few tips to crack this exam in the first attempt.
1.The foremost thing that you need to choose is whether to go for coaching or to take self preparation. If you have decided to prepare by own take the help of a consultant.
2.Go through the syllabus thoroughly and start preparation from basics, after clearing with basic part you will be able to understand the rest of the part clearly. Get all the information related to CAT Exam.
3.To check your knowledge on basic part, start attempting the mock tests which you can find on the Internet and try to focus on weaker sections and practice well.
4.To know the important sections analyse and know the previously asked question papers and we advise you to read news papers, magazines daily to improve the vocabulary.
5.To crack CAT exam in first attempt, the candidate should focus on accuracy as there will be negative marking for wrong answer. While locking the answer correctly read the question twice or thrice.
6.To crack the CAT exam in the first attempt, the candidate should work hard to lessen the problems rising before the exam. This CAT exam is all about mental state, the depleted mind cant help to answer the logical questions.
6.After the complete preparation, take daily the mock tests for practice and time management. This helps to crack the CAT exam in first attempt.
All the best!

Distraction - This is a very basic challenge which people find when they appear for CA exams. With a number of distraction options in the society and social network, this will be a big challenge.
Fatigue - CA syllabus is voluminous in nature, this makes people get fatigue easily. Although people sit with books, topics might not be moving fast. This will be a major problem. According to me, it's easy to remove this challenge. While you start your preparation, be slow (make it 3 to 4 hours a day ) slowly increase the hours as days progress.
Comparison - this problem will be there for anyone who discusses CA preparation with friends. How many did you complete? What have you completed? These discussions increase your stress factor and disturb you mentally. Avoid it. Every one of us has their own speed, who finishes topic first is not a matter of evaluation.

Just after the results are out, it would be the best days of your life because that happiness of clearing the toughest exams in India and across the world is superb.
But after that, things will definitely get tough because then the confusion comes, you don't know what to do, Which type of profile to go for? To go in the industry or to go for practice?
Right from preparing for the exam to your preparing of CV to sending and applying for the right companies, if you are lucky, you might get your desired job. But, if you are, it can get very frustrating - giving interviews, following up, finding contacts, facing rejections, etc.
You are going to spend at least one-third of your time at work so no matter what, you have to try and make it a good time. That is why sometimes it's actually the decision before getting the job which becomes very important.

I am afraid that you cannot join Merchant Navy. Only the Science stream students are eligible for job in Merchant Navy. But since you have completed graduation in commerce, it closes all doors for you.
The candidate who has completed 12th standard with Physics, Chemistry and Maths is eligible for job. He can directly apply for deck cadet job after completing 12th or wait and continue with the studies.
Those who are interested in officer level jobs continue with the studies and pursue either Marine Engineering or Nautical Science course. Unfortunately, commerce students are not eligible.
Indian Navy recruits commerce graduates in Logistics Cadre under Short Service Commission and Permanent Commission both. You need to take an examination called CDS (Combined defense service examination) which is conducted by Union Public Service Commission twice in a year.

The CPT is the first level of Chartered Accountancy examinations in India. This exam need whole year concentration on your study and if you studied whole year then no need to study in the last month. In the last month never start new chapter and try to practicing from Mock test which is best option for last month before exam. Just afer attempting the mock test and getting result, student will be curious to know what is right answer. In traditional mock test candidate has to open book and search, which consumes valuable time of the candidate. Online mock test, along with giving instantaneous result also gives instant feedback. Hence the candidate can save time by just seeing the explanations.
Mock test tells candidate where they stand among others nationally or internationally before the exam. Also it motivates candidate more towards their goal.
Time is the most important factor when it comes to clearing competitive exams. Attempting questions in the given time is not an easy task, considering the amount of questions asked in the exam and total time available. Hence, solving mock test helps! The more mock test candidate practice, more chance he/she has to complete exam on time.

CMA/CWA is much more exclusive and knowledge based as per Indian Standards. CMA US is like a mini MBA - one year course and 2 exams.
Whereas CMA India has its course equivalent to CA or CIMA UK. A much tougher course with pass percent around 1% , duration (excluding foundation) min - 2 years, No of papers 16.
Moreover, Indian companies , mostly the PSUs doesnt value CMA US as such when compared to CWA/CMA. Also , the field of practice is not open to CMA US.
Another point to be noted, one can never join any high rank civil service in India( ex- Indian cost accounting service) by CMA US degree.apply: Western India Regional Council,"Rohit Chambers", 4th Floor, Janmabhoomi Marg, Fort Mumbai - 400001.Tel: 022 - 22872010 / 22841138.Email: wirc@icwai.org Website: www.icwai-wirc.org

I am assuming that the candidate has cleared both the groups of IPCC and if so, then I want to let you know something.
If you start class from the very first day after clearance of IPCC then you should take a properly written programme for your all classes and ensure that at a time you are doing only one subject's class. People have different opinions so don't be confused.
Now, second is that most of us do not allow to take classes from 1st year from our office forces, therefore, it is advised to start classes in the second year even though you have cleared both groups, so in such a phase you should develop a strategy in such a manner that you will be able to complete your all subjects before five to six months of your attempt.
Well wishes!

MBA in Entrepreneurship is one specialization which not only offers you a chance to enter into any industry of your choice, but it also lets you create a demand for a product/service which does not exist in the marketplace yet.
It was after the global financial crisis of 2008, that the world and India struggled to create employment for the growing population. There was a crying need to create employment opportunities at all levels and hence, entrepreneurship became an attractive option to save the lives of people in crisis. With such tremendous change in the economic activity, not just the world but even India has witnessed a wide array of entrepreneurial activity in the recent years, with many success stories further fueling the ambitions of many budding entrepreneurs.
By pursuing this course you can enter any industry such as:
- Automobile
- Advertising
- Agriculture
- Banking
- Cement
- Small and Medium Enterprise management
- Fashion
- Cinema
- Information Technology
- Insurance
- Mining
- Oil and Gas
- Digital Media
- Retail
- Real Estate
- Telecom
- Tourism
Whichever industry you choose to associate with, would not stop you from learning the processes and function that are involved in it.