At a stage when you are going to complete your graduation in commerce or have just completed it, the first thing that comes to your mind is What should I do now?
Here are a few career options you can pursue after completing your graduation in commerce.
The Institute of Chartered Accountants of India (ICAI) conducts the CA exams list in India consisting of 3 names namely CA Foundation, IPCC, and CA Final. Candidates need to clear the entire CA exam list in order to become a professional in this field. If you wish to pursue Chartered Accountancy in India, then, you will have to register under the CA course offered by ICAI.
If you are planning to take up Chartered Accountancy as a career you can also go for ACCA certification, which is a global professional accounting body. The Association of Chartered Certified Accountants or ACCA. The course is open for BCom graduates and professionals with a minimum of three years of work experience. The participant has to clear multi-level exams and it takes up to three years to complete the certification on average. Skills learned include Financial Accounting, Management Accounting, Taxation, Performance Management, Audit & Assurance, Corporate & Business Law, Financial Reporting, and Financial Management.
The Top Entrance Exams for the ACCA Programme are GATA. AJEE. GGSIPU. JEE Main.
The Institute of Company Secretary of India (ICSI) regulates and maintains the profession of Company Secretaries. The ICSI provides training and education to lakhs of aspiring Company Secretaries. The CS is one of the principal posts in a company. A certified Company Secretary handles the legal aspects of a business enterprise or an individual. A CS is responsible for maintaining and auditing the company’s tax returns, keeping records, advising the board of directors regarding the financial health of the company, and ensuring that the company complies with legal and statutory regulations. To be able to professionally practice Company Secretaryship, an individual has to complete professional training and pass examinations.
A globally recognized designation Chartered Financial Analyst (CFA), is a popular choice among commerce professionals. The CFA course is regulated by the CFA Institute (formerly the Association for Investment Management and Research). The candidates have to clear three levels of exams, which include assessment of the candidate viz. accounting, economics, business ethics, money management, and security analysis. Upon successfully passing all three levels, candidates are certified as financial analysts eligible to practice professionally.
This course is a certification awarded by the Institute of Management Accountants, which prepares the individual for a wide variety of roles in financial accounting and strategic management. The course plan includes a two-part exam on External Financial Reporting Decisions, Planning, Budgeting, and Forecasting, Performance Management, Cost Management, Internal Controls, Technology and Analytics, Financial Statement Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decisions, Professional Ethics.
A popular professional certification course, the CPA is all about financial statement audits, attestation services, and financial planning. A licensed Certified Public Accountant (CPA) is legally eligible to offer financial advice and audit services to the client to ensure good financial health. CPA certification is provided by the American Institute of Certified Public Accountants (AICPA) to professionals who pass the exam which includes Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation.
A globally recognized professional accreditation in the field of the financial market. The certification is awarded by the Global Association of Risk Professionals (GARP) to professionals from the financial risk management sector. To gain FRM certification, professionals with minimum of two years of work experience in financial risk management have to clear a two-part exam. The course imparts skills and training in risk assessment for banks, accounting firms, regulatory agencies, insurance companies, and asset management organizations.
A well recognized global certification, CIB is one of the popular choices among banking professionals. The certification program is designed to assess a banking professional understanding of company valuation, mergers and acquisition, LBOs, IPOs, restructurings, etc. If focuses on key areas of banking and finance such as Investment Banking Basics, Financial Statement Analysis, Asset Class Valuations including DCF, Corporate Actions and Restructuring, IPO, Listing and Fundraising, Mergers and Acquisitions, Transactions Analysis and Leverage Buyouts (LBO).
Another popular professional certification in the field of financial planning is Certified Financial Planner (CFP). Awarded by the Certified Financial Planner Board of Standards, Inc., CFP designation is one of the toughest financial advisory courses. The certification program includes stringent exams to test competency and ethical codes. A CFA is well equipped to provide advisory service of planning financially for retirement, investment, education, insurance, and taxes.
This course is a short-term professional course aimed at providing theoretical and practical knowledge of accounting and taxation to become industry-ready. The course is a good choice for BCom graduates who are working professionals and have work experience of a couple of years. The course curriculum includes Goods & Service Tax (GST), Direct Taxation, Payroll, Financial Reporting, Tally, Excel for Accounting & MIS, Finalisation of Financial Statements, Busy Software, and SAP.
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© 2020 Taxscan
