professional courses in commerce in india
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Professional courses in Commerce in India
By
Prof.L.Augustin Amaladas
M.Com.,AICWA.,PGDFM.,B.Ed
Alternative work is rest
Read the respective Institute rules before taking decision
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Professional Courses (after PUC)
CAChartered
Accountancy
ICWAICost
Accountancy
CSCompany secretary
CFACharteredFinancial Analyst
www.cfainstitute.org
What is required?
Hard work and constant work
All the courses are corresponding courses and can be registered throughoutthe year. Examinations are conducted throughout India
Do not listen to too many people. Each one will give reasons for their failures in the exams and they are happy if you fail.
Self beliefs and hard work. No one can give coaching for professionalCourses.But coaching centres can guide.All depends on how you study.
Whether professional courses aremade by god or man?
Subjects are made by human beings. You are a human being, therefore, you can understand an another human being.
All professional courses are for an average and hard workingStudents.
All professional courses are correspondence courses. Small townStudents can get the study materials by post and write the exams Nearby towns in India.The total cost would not cross Rs.15,000.
People may create fear in you. Do not consider their views.First generation who come to education can easily complete
Any professional course.
All professional courses develop critical thinking.You have it.
All professional courses follow same pattern and number of subjects are almost same.Normally there are three stages.
Every stage the candidate has to get eligibility certificate before Applying for examination.What is eligibility certificate?
Eligibility certificate(for PCC(Inter)/final
• Institute either gives three test papers by post when the candidate receives study material(those who are living in small cities) or the candidate has to write test papers in the respective major cities depends on the institute. If candidate answers those papers and get minimum marks the institute gives him eligibility certificate which is used for you to apply for the examination conducted by the respective institute.You are expected to study well in advance before you answer those test papers.Do not copy from text books.
ICWA CS CFA CA
1.Eligibility for
Foundation
2.Registration
3. Test name
4.Foundation Exam
5.Stage-II
6.Eligibility
7.Practical Training
8.Exams
10+2
After 12th std
Foundation
Twice
INTER
Foundation/Graduate
After completion of entire course
Twice-June and December
10+2
After 12th std
Foundation
Twice in a year
Executive Programme
Foundation/Graduate
After completion of entire course
Twice-June and December
10+2
After 12th std
Foundation
Twice in a year
INTER
Foundation/Graduate
After completion of entire course
Once in three months
10+2
After 10th
CPT
Four times in a year
Professional competancy course
CPT passed
3 years practical training under CA
Twice-May&November
ICWA CS CFA CA
9.Type of course
10.Can you study without attending classes
11.When to register?
12. Can you get material by post?
13.Eligibility certificate?
14. Subject Exemptions in other professional courses
15.Foundation subjects
Correspondence
Yes
Any time
Yes
Two ways
Yes In CS and CIMA(London)
4
Correspondence
Yes
Any time
Yes
Two ways
In ICWA
5
Correspondence
Yes
Any time
Yes
Not required
NO
Correspondence
Yes
Any time
Yes
Two ways
NO
4
Chartered Accountant(CA)
CPT(foundation)Stage-1
PCCStage-2
FinalStage-3
4 subjects Two groups-3 subjects eachTwo groups
4 subjects each
Pass percentage is 40% each subject aggregate of the groupIs 50%.Both groups can be written in one attempt.The advantage
Is that each subject 40% and aggregate 50% both the groups together
See the Latest
prospectus
After PUC, Hr.SecOr any degree
CAs
• They become auditors, tax consultants, financial consultants, working in multinational companies in investment banking division, Forex market, etc.
• The prominent MNC CA firms in India are Ernst and Young, KPMG, Deloitt, Price water House.Most of the MNC firms recruit degree holders with
PCC results(Stage-2 completed).IGNOU gives special consideration to such students pursuing CA., ICWA, CS to complete B.Com., BBM degrees by correspondence.
(ICSI)
• “The Institute of Company Secretaries of India” (ICSI) is a premier National Professional body established by Act of Parliament to develop and regulate the Profession of Company Secretaries.
•
ICSI
• · Every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. Two Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate.
The Company Secretary
• is:• An in-house legal expert; a compliance officer of
the Company.• An expert in corporate laws, securities laws &
capital market and corporate governance• Chief advisor to the board of directors on best
practices in corporate governance• Responsible for all regulatory compliances of
company
Company Secretaries in Practice
• following services:• v Legal, Secretarial and Corporate Governance• v Corporate Restructuring• v Foreign Collaborations and Joint Ventures• v Arbitration and Conciliation• v Financial Management• v Project Planning• v Capital Market and Investor Relations• v Due Diligence• v Corporate Advisory Services•
• ICSI imparts training in Company Secretaryship by Distance Learning (by correspondence) enabling students to qualify as Company Secretaries. The Institute provides “Course Material” for all the subjects at the time of Registration. There is also provision for Optional Oral Coaching classes.
The Company Secretary
• :• An in-house legal expert; a compliance officer of
the Company.• An expert in corporate laws, securities laws &
capital market and corporate governance• Chief advisor to the board of directors on best
practices in corporate governance• Responsible for all regulatory compliances of
company
Stages to become a Company Secretary
• The student who would like to join the Course after 10+2 has to undergo three stages to pursue the Company Secretaries Course i.e.
• • Foundation Programme • Executive Programme• Professional Programme• • In addition, the student has to undergo Practical Training
for about 15 months which a student may opt to start after passing the Executive Programme.
•
After passing the Graduation
Executive ProgrammeProfessional Programme
The Student who would like to join the Course after passing the Graduation
has to undergo
Besides, the student has to undergo Practical
Training for about 15 months.
• Foundation Programme which is of eight months duration can be pursued by 10+2 pass students of Arts, Science or Commerce stream. Subjects
• 1. English & Business Communication• 2. Basic Economics & Business Environment• 3. Financial Accounting• 4. Elements of Business Laws and Management• 5. Information Systems and Quantitative
Techniques•
•
• Executive Programme can be pursued by a Graduate of all streams except Fine Arts. SUBJECTS
• Group-I• 1. General Laws and Commercial Laws• 2. Company Accounts and Cost & Management Accounting• 3. Tax Laws• 4. Management Information Systems and Corporate Communication• • Group-II• 1. Company Law• 2. Company Secretarial Practice• 3. Economic, Labour and Industrial Laws• 4. Securities Laws and Regulation of Financial Markets• •
• Professional Programme can be pursued only after clearing the Executive Programme of CS Course.
• • Subjects• Group-I• • 1. Advanced Company Law and Practice• 2. Secretarial Practice relating to Economic Laws and Drafting &
Conveyancing• 3. Secretarial Management and Systems Audit• Group-II• 1. Financial, Treasury and Forex Management• 2. Corporate Restructuring – Law and Practice• 3. Banking and Insurance Law and Practice• Group-III• 1. World Trade Organisation International Trade, Joint Ventures and
Foreign Collaborations• 2. Direct and Indirect Taxation Law and Practice• 3. Human Resource Management and Industrial Relations• • QUALIFYING MARKS
QUALIFYING MARKS
A candidate is declared to have passed the Foundation/Intermediate/Final examination, if he/she secures at one sitting a minimum of 40% marks in each paper and 50% marks in the aggregate of all subjects
Postal / Oral Coaching
The Institute provides oral coaching through interactive learning. Duration is 6 to 7 months for Foundation Course and 4-5 months for Intermediate/ Final Course-two hours a day and six days a week
• v Also conducts refresher classes for students• v Regional Councils/Chapters also conduct oral
coaching classes in addition to postal tuition• v On completion of oral / postal coaching students are
eligible for appearing in examination•
Medium of Examination
• Medium of Examination
The Institute allows option to submit the response sheets to the test papers in English/Hindi as well for writing the examination
Training
• A Student has to undergo 15 months Management Training in Companies sponsored by the Institute after passing the Executive or Professional Programme or under the guidance of a Company Secretary in Practice
Admission and examinations
• Admission to the CS/ICWA/CA Courses are open throughout the year.
• Examinations are held twice a year in June & December
• Cut off dates for admission to CS course: • • For Foundation Programme31st March for
appearing in December Examination in the same year.
• 30th September for June Examination next year• For Executive Programme28th February for
December Exams in the same year31st August for June Exam next year
CS Prospectus
• can be obtained from
any of the offices of
the Institute across India and
• Cost of Prospectus for Foundation Programme : Rs. 200/- by cash payment while
• Rs. 250/- by Post or courier• • Cost of Prospectus for the Executive Programme : Rs.
300/- by cash payment while •
Rs.350/- by Post or courier •
Payment Option
The payment can be sent to the Headquarters by demand draft drawn in favour of ‘The Institute of Company Secretaries of India’ payable at New Delhi OR by cash across the counter from the Headquarters, Regional Offices & a few of the Chapters.
• Fee Structure for CS Course• • The fee for CS Foundation Programme is
- Rs. 3000/-
• ExecutiveProgramme Rs. 5250/- for Commerce Graduates
• Rs. 5850/- for Non Commerce Students
•
Examination Centres
• ICSI has 66 scattered all over India including one overseas centre at Dubai.
• A qualified company secretary has openings in Employment and as Practising
• Independent Professional company secretary• Companies with a paid up share capital of
Rs.2 crores or more are compulsorily • required to appoint a whole time
Company Secretary who is a Member of ICSI
•
• All companies seeking listing on Stock Exchange are required to appoint a whole time company secretary
• Membership of the Institute is recognized for appointment to superior posts and services under Central Government.
• • SUBJECTS FOR CS• There are 4 papers in CS Foundation
Programme• There are 6 papers divided into 2 Modules
in CS Executive Programme • There are 8 papers divided into 4 Modules
in CS Professional Programme
Address
• SOUTHERN INDIA REGIONAL COUNCIL• ICSI-SIRC House, No.9 Wheat Crofts Road, Nungambakkam,
Chennai 600 034• Phone: 28279898, 28222212 Fax: 28268685• E-Mail: [email protected]; [email protected]• • Chapters: Bangalore: 22286574, 22287158 Coimbatore: 2452006,
4385766 Hyderabad: 23399541, 23396494 Kochi: 2392950 Madurai: 2340797 Mangalore: 2216482 Mysore: 2516065 Puducherry: 2205017 Thiruvananthapuram: 2451915 Tiruchirapalli: 2416337 Visakhapatnam: 2533516 Satellite Chapters: Calicut: 2762239 Palakkad: 2524548 Salem: 2442072 Thrissur: 2383960
The Institute of Cost and Works Accountants of India
• The Institute of Cost and Works Accountants of India is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost and Management Accountancy.
• A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, verification or certification of cost accounting and related statements
• The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in India and abroad.
• A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, verification or certification of cost accounting and related statements
• The head office is situated at 12, Sudder Street, Kolkata 700 016 and operates through four regional councils are Kolkata, Chennai, Delhi and Mumbai as well as through a number of important chapters situated elsewhere in India and abroad.
CFA Institute in India Serving investment
professionalsand Indian financial markets
• CFA Institute is the global, not-for-profit association of investment
• Professionals that awards the CFA and CIPM designations.
• We promote the highest • Ethical standards and offer a range of
educational• Oportunities online and around the
world.
ICWA CS CFA CA
1.Eligibility for
Foundation
2.Registration
3. Test name
4.Foundation Exam
5.Stage-II
6.Eligibility
7.Practical Training
8.Exams
10+2
After 12th std
Foundation
Twice
INTER
Foundation/Graduate
After completion of entire course
Twice-June and December
10+2
After 12th std
Foundation
Twice in a year
Executive Programme
Foundation/Graduate
After completion of entire course
Twice-June and December
10+2
After 12th std
Foundation
Twice in a year
INTER
Foundation/Graduate
After completion of entire course
Once in three months
10+2
After 10th
CPT
Four times in a year
Professional competancy course
CPT passed
3 years practical training under CA
Twice-May&November
ICWA CS CFA CA
9.Type of course
10.Can you study without attending classes
11.When to register?
12. Can you get material by post?
13.Eligibility certificate?
14. Subject Exemptions in other professional courses
15.Foundation subjects
Correspondence
Yes
Any time
Yes
Two ways
Yes In CS
4
Correspondence
Yes
Any time
Yes
Two ways
In ICWA
5
Correspondence
Yes
Any time
Yes
Not required
NO
Correspondence
Yes
Any time
Yes
Two ways
NO
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