Higher Study in India » Accountancy

Company Secretary Course

admin — Mon, 21 Dec 2009 16:57:41 +0000

Company Secretary: Trusted and Valued Profession
An important ink in corporate management hierarchy, company secretaries not only helping companies comply with laws, but in improving corporate governance. Company secretary should have multi-disciplinary expertise and be proficient in law , management, finance and corporate governance. The company secretary offers guidance to the management on legal aspects of business areas like production, sales, marketing and administration of the company with its shareholders, board of directors and other official regulatory bodies.
Stages to become a Company Secretary
The institute of company secretaries of India (ICSI) imparts training in company secretary ship by Distance Learning (by correspondence) enabling students to qualify as company secretaries. To join the course, a student has to undergo the following three programme
1 foundation Programme
2 Executive Programme
3 Professional Programme
In addition , the student has to undergo practical training for about 15 months, possibly after passing the executive programme
Foundation Programme: This is courses of eight months duration. The course provides knowledge in Business Communication, Business Laws and management, Principles of Accountancy and Economics and statistics. Postal tuition provides study material on all subjects. Oral coaching is also available through Regional and Chapters.
Eligibility: Foundation Examination is conducted in June and December every year. Admission is open round the year and is valid for 3 years.
Executive Programme: After passing the Foundation Examination, the student who is above 17 years of age can register for the Executive programme.
Eligibility: A pass in the Foundation course examination of the ICSI or graduation degree or a masters degree or pass in ICWAI, ICAI can allow you entry in the intermediate course. Duration:9 months.
Admission: The ICSI holds the Executive programme Examination twice every year in June and December. Registration is valid for 5 years from the month when application is accepted.
Professional Programme: On passing the executive programme, the student is admitted to the professional programme. The student can appear for the professional examination only 9 months after passing the Executive programme. On successful completion of the programme, the Institute awards an Associate Membership

ICWAI course

admin — Thu, 17 Dec 2009 05:27:42 +0000

The Institute of cost and works accounts of India (ICWAI) offers a course on Cost and Management Accountancy. ICWAI is the only professional body in India which imparts training and coaching in cost and management accountancy. Any student who has cleared the class XII can join the course after qualifying foundation examination conducted by the institute. To fill the gap between theoretical knowledge and practical knowledge, and to lay the emphasis on practical orientation training, the following steps are taken.
Two group discussions, two business communications seminars and 50 hours of hands on computer training are included in the intermediate course. In the final course, the student is required to write a dissertation of 5,000 words. The hands on computer training session lasts 100 hours, modular training lasts 15 days and audit/industrial training lasts six months.
The institute also offers tuitions. There is two type of tuitions. One is Postal tuition and the other one is oral tuition, through its more than 100 centres across India. For those students who have passed the ICWAI Course, the doors to top management positions like managing director, Finance director, cost controller, etc.

The complexities of the business are increasing and profit margin is becoming thinner in the open economy In this fact unfolding scenario, the role of management Accountant assumes considerable significance. The cost and works Accountant assigns value in terms of money to the products , services or works completed by the firm and analyses the profit potential of the various products of the company. Cost accounting is also useful in fixing the wages; incentives etc. in proportion to the company’s productivity

Eligibility: Those who are above 17 years of age and have passed or appeared for 110+2 or equivalent examination are eligible to enroll for the foundation course.
Admission: Foundation Examination are held twice in a year – in June and December. For the June term examination one should register with ICWAI before the December 17 of the previous year, and for the December term examination, before June 25
Inter mediate: After clearing the Foundation courses, a student registers for the intermediate course. The foundation course is waived in the case of gazetted officers, post-graduates qualified engineers holding a degree and graduates qualified engineers holding a degree and graduates from other stream with 50% marks. They are generally allowed to register with the institute fir the intermediate examination.A registered student has to pass the intermediate and final examinations of the institute within seven years from the date of registration, failing which the registration shall be cancelled
Final: No one shall be admitted to the final examination unless they have qualified the intermediate examination and got their registration numbers from the ICWAI. In the final examination stage , Coaching completion Certificate (CCC) should be obtained. The students is required to submit dissertation under the guidance of a Person having FICWA or FCA or FCS, University professor or associate professor.

ICWAI course Pattern
Foundation Course:
Organization and Management Fundamentals, Financial Accounting Fundamentals, Economic and Business Fundamentals, Business mathematics and statistics Fundamentals
Intermediate:
State I: Cost and management Accounting, Information System and Technology, Business Law and Communication Skills, Business Taxation
Stage II: Management Accounting Performance management, Advanced Financial Accounting, Auditing, Quantitative methods
Final:
Stage III: Operations and Project Management & Control, Advanced Financial Management and International Finance, Strategic management marketing, Strategic Tax management
Stage IV: Management Accounting-Decision Making, Management Accounting-Financial Strategy and Reporting
Cost Audit and management audit, Valuations Management and Case study

Graduate/ Associate/Fellow Membership: Those who pass the final examination get the Graduate membership. Those who gain one year experience are eligible get Associate membership. An Associate Member can use the title AICWA after his name. An associate Member after three years relevant experience can apply to the Council for Fellowship. (FICWAI), Member, he can use the title FICWA after his name.

CA Course

admin — Thu, 17 Dec 2009 05:26:15 +0000

The Demand for chartered accounts in India is ever on the rise, and is unaffected by the economic slowdown. The first step towards getting into CA courses in the common Proficiency Test(CPT), Introduced by Institute of Chartered Accountants of India(ICAI). This is common test for pursuing CA Studies. Any students who has passed the higher secondary(+2) exam recognized Institute. Students are assessed on total of 200 marks, out of which they need to score at least 50%marks to clear the exam. Sujects includes fundamentails of Accounting, Mercantile Law, General Economics and Quantitative Aptitude. The paper is divided in two sections, whch are further devided into four sections, Qustions are objective type,and there is negative marking of one marks per incorrectly answred questions.

Integrated Professional Competency Course
IPCC Exam patern

GroupI

Paper one: Accounting 100marks
Paper II: Law-60marks, Business law-30marks, Company Law-30maks, Business Ethics-20marks, Business communication-20marks
PaperIII: Cost Accounting 50 marks, Fiancial Accounting 50 marks
Paper IV: Income Tax-50Marks, Service Tax-25marks, VAT-25maks
GropuII
Paper V: Advanced accounting100marks, Paper VI-Auditing and Assurance 100marks
Paper VII: Information Technology 50marks, Stragetic management 50marks

Students can start preparing and join coaching centres during class XII. The four exams happen on a single day. So simultaneous preparation is necessary, it is important for students to be able to focus as they have to deal with the four subjects in a single day

The next step is preparing for integrated professional competence course (IPCC) at least three months of rigorous studies are required to get through the IPCC. It is divided into two groups. There fist group comprise four paper and the second group has three.

One has to handle the intership and simultaneously prepare for the exams, so a balance is required. For appearing in the GroupII examinations, you need to have working knowledge. There are a total of seven subjects which have to dealt with . To study effectively in the three months, the students need to chart out a timetable which will allow him to give equal time to each paper.

CA studies can taken up righ after passing higher secondary exams, and most students continue with their graduation along with the CA Couse. So students usually opt for coaching and training to help them though the CA Course. Some students take up coaching classes during Class XII, and some join coaching classes right after the board examination. The Common Proicienccy test (CPT) is the gateway to CA Studies. The test is held twice a year, usually in june and December

CPT
There are numerous coaching centres which offer coacing for CPT. Among these are TIME, Eduex and Academy of commerce. They have an almost similar approach tworards preparing students. Tehroy for each subject is covered intensively and comprehensively. Alsmost all coaching centres provided study materials and practice test papers with multiple choise questions. Those who have nto studied commerce in class XII can also appear for the CPT. The registration and tuition fee for CPT is Rs.3500. Candidates can buy prospectus and application form ICWAI Offices by paying Rs. 100 ( by postal Rs.140 including postal charges) or download application form from official web site and add Rs.100 along with registration Fee.

The Next level if exams after CPT are the integrated professional competency Course and Final Year Exam

CFA Study

admin — Mon, 14 Dec 2009 05:49:16 +0000

This course is conducted through correspondence. The institute sends study material at regular intervals to the students. This is supplemented with conduct programmes in the form of weekend workshops held at major metros like Bangalore,Chainni ,Mumbai, Delhi, Hyderabad and Calcutta

Courses Structure: Foundation Courses: This is a beginners course. Those with professional qualifications like MBA,CA,ICWA and M.Com.are exempt from the foundation course Others can apper for the qualifying exam for the foundation module three months after enrolment. The examination for the module can be taken in following subjects.
1 Elements of financial and management accounting.
2 Basic of corporate finance
3 Essentials of Investment and Tax Paining
4 Statistics of Financial Application
Preliminary Level: After qualifying the foundation examination, the next step is to qualify the preliminary level. The preliminary level is divided into Group A and Group B.
Group A examination can be taken up after 6months of enrollment Group B examination can be taken after 12 months of enrollment. The subjects for both the groups are as follows.
Group A-Finacial Accounting and FinacialManagement
Group B-quantitative Methods Economics
Inter Level: On clearing the preliminary level, students can take up the Inter examination. The Inter level has two Groups namely Group C and D. Examination for Group C can be taken 6 months after passing the preliminary examination and Group D examination can be taken after 12 months of passing the preliminary examination.The subjects for the Groups are follows.
Group C- 1 Economic Legislation. 2 . Management Accounting
Group D- 3.Security Evaluation 4. project Appraisal Planning and Control
Final Level: the last module is the final level. This is also divided in to two Groups namely Group E and F. Examination for Group E can be taken 6 months after passing the Inter examination and examination for Group F can be 12 months taken after passing Inter examination.
The subjects of the groups are as follows.
Group E-1. Group F-1. Advanced Financial Management 2 Financial Services Group F-1. Investment Management 2 Indian Financial System 3. International Financial Management

Job Prospects: Fresh CFAs generally begin as executive trainees in the financial sector. With experience they climb up the corporate ladder to higher executive levels. Qualified CFAs can find suitable placements in the financial services sector Multinational Finance companies, consultancy services, etc.are healthy hunting groups for the CFA. CFA Graduates will get a well recognized for jobs such as corporate finance and control, international finance and risk management, investment management, investment banking and financial services and information technology.