Chartered Accountants in India

 

 

Introduction:

 

Chartered Accountants are industrious and intelligent beings. If you find yourself industrious as well as intelligent, you are perhaps the right person to go for it. All the countries have their own Accountancy Association which regulates the quality and quantity of these professionals. In India it is the Institute of Chartered Accountants of India (ICAI) which does the job of regulating the profession of Charted Accountancy. It was set up under the Chartered Accountancy Act of 1949.

Who is a Chartered Accountant?

On successful completion of these courses one can apply for membership to the Institute of Chartered Accountants of India. The Accountant becomes chartered only after acquiring its membership. A Chartered Accountant is a privileged one over the ordinary ones. 

 
Courses in Chartered Accountancy:

The courses offered in Chartered Accountancy are a blend of theoretical education and practical training. The theoretical part includes the passing of PE-1 PE-2 and Final part. Students are also expected to go through a two and a half years of practical training and 15 days course on General management and Communication skills.

It is essential for the candidates to register with the Institute of Chartered Accountants of India to appear for the examination. The minimum period for each level of study is 10 months. Exams are held twice a year.
 

Eligibility: 

 

A candidate who has  passed the Senior Secondary Examination (10+2) or waiting for the 10+2 exam results can register for the CA programme.

CA programme is of two years apart from the training period. It has three sections, Competency Professional Test (CPT), Professional Competency Course (PCC) and Professional Competency Examination, the Final examination.
The entrance Examination for the Charted accountants, Competency Professional Test, CPT that was earlier known as Professional Education exam PE1 is conducted by the institute once in a quarter. The four-hour examination paper of 400 marks consists of four subjects namely fundamentals of accounting, mercantile law, general economics and quantitative attitudes. Minus mark is also applicable in the examination.
Competency Professional Test (CPT)

Anyone who has a 10 + 2 can enroll for the Competency Professional Test (CPT). A student who have passed the 10th examination can also register with CPT but could write the exam only after the Plus Two examination. Duration of the course is 10months. Graduates who doesn't have the request percentage of marks have to do the Competency Professional Test . The registration for CPT is open throughout the year. A student may register at any time during the year. The exam will be held twice a year in May and November. Students have to ensure their registration at least 10 months before the examination. The application for registration should reach the office of the institute on or before 30th of June and for November Examination on or before 31st December of the preceding year.
 

A candidate is declared successful in Competency Professional Test (CPT), if he/she secures an aggregate of 50% of the total marks in all the papers subject to a minimum of 40% marks in each paper.

Subjects for Professional course I:

Paper 1- Fundamentals of Accounting
Paper 2 - Mathematics & Statistics
Paper 3 -  Economics
Paper 4 - Business Communication and Organization and Management

Registration for Competency Professional Test (CPT):
Eligible candidates have to forward their application for registration along with a crossed demand draft for the requisite amount (registration and tuition fee) drawn in favour of Secretary, The Institute of Chartered Accounts of India payable at the respective places where the Offices of the Institute are located.

Professional Competency Course (PCC) :

The CA Programme is mainly divided into Professional Competency Course and Final course. After completing the CPT or graduation with required marks one can go for Professional Competency Course (PCC). The registration for PCC is open throughout the year. A student may register at any time during the year. The exam will be held twice a year in May and November, it is necessary that a student must register at least ten months before the examinations.

Subjects for Professional Competency Course (PCC):

 
The Professional Competency Examination has two groups that consists of three papers each (i.e total 6 papers) and each paper consist 100 marks each.

Group I 

 
Paper 1 -  Accounting
Paper 2 - Auditing
Paper 3 - Business and Corporate  Laws

Group II 

 
Paper 4 - Cost Accounting and Financial Management
Paper 5 - Income Tax & Central Sales Tax
Paper 6 - Information Technology
 

The student should get 40% mark minimum with an aggregate of 50% in a group. Along with PCE one has to under go 100 hours training in Information Technology, i.e the computer training programme as specified by the council. The candidate can register as an articled clerk with a firm of chartered accountants for undergoing practical training and simultaneously as a student with the Board of Studies for theoretical education. The candidate is a trainee for a period of three years. During this period he gets thorough knowledge of the various fields in which a Chartered Accountant can render services. During this period the articled clerk will also need to continue studies for the CA exam.
 

Final Course:
 

The candidate could register as a final student and write the final exam once they passed the PCE and the Information Technology training. The final examination also has similar type of papers of two groups, four papers each
Subjects for Final Course

Group I

Paper 1 - Advanced Accounting
Paper 2 - Management Accounting & Financial Analysis
Paper 3 - Advanced Auditing
Paper 4 - Corporate Laws & Secretarial Practice

Group II 

 
Paper 5 - Cost Management
Paper 6 - Management Information and Control Systems
Paper 7 - Direct Taxes
Paper 8 - Indirect Taxes
 

The person should get minimum of 40% mark with an aggregate of 50% in a group and once the final examination and article ship completed, the Charted accountant should under go a communication and management course that would help him for better communication. On successful completion of the Final examination one becomes the member of the Institute. Member of the Institute may either practice as a Chartered Accountant on his own or go for employment.

FOREIGN LANGUAGE IN INDIA

INTRODUCTION:

A career in foreign language is an attractive proposition, for those who have a flair for languages. In the current era of globalization and industrialization, difference in language is an obstacle in communication. Keeping this fact in mind various institutions have started offering foreign language courses. Skills in foreign languages like French, German, Russian, Chinese and more recently Japanese, Spanish and Korean are in great demand. Language skill is very essential in the professions like travel and tourism industry, hotels, business etc. India is rapidly progressing in the field of foreign languages. Multinational companies have started investing in the Indian market in huge proportions. These MNCs needs their reports, transactions and other documents to be translated. This is another reason why foreign language courses are gaining in popularity.


QUALIFICATION:   
       
There are several universities and other institutes offering courses on foreign languages. The major languages on which these courses are offered are French, German, Italian, Japanese, Spanish, Russian, Arabic, Persian and Chinese. However, candidates need to satisfy the eligibility criteria for getting admission to the courses available.

DIPLOMA COURSE & DEGREE COURSES:


Some institutes offer both basic and advanced level courses such as postgraduate and PhD, some of them extending upto 5-6 years.
The eligibility for certificate and degree courses is 10+2. In most of the places eligibility for the diploma course is the certificate course in that language. JNU is a major institution conducting language courses. For Japanese, there is a language proficiency test conducted by the Mombusho Scholars Association and Alliance Française is the centre for conducting various French tests like the TEF ( required by the Canadian High Commission), the TCF, DELF /DALF tests and diplomas delivered by the French Ministry of Education.


THE COURSES & THEIR DETAILS ARE-

•    Bachelor's degree course in foreign language, Duration: 3 years, Eligibility: candidates must have completed their 10+2 examination in any stream.
•    Integrated Master's course in Foreign Languages, duration: 5 years, Eligibility: undergraduate or graduate candidates can apply.
•    Diploma or Certificate courses. Duration: 6 months - 1 year, Eligibility: 10+2
•    M.A, Duration: 2 years, Eligibility: graduation in the language applied for.
•    M.Phil, Eligibility: M.A in the language applied for
•    Ph.D, Eligibility: M.A in the language applied for.

THE VARIOUS INSTITUTION OFFERING THESE COURSES ARE-

•    School of Languages - Jawaharlal Nehru University, New Delhi
•    Central Institute of English and Foreign Languages (CIEFL) - Hyderabad
•    Benaras Hindu University - Varanasi
•    University of Delhi - New Delhi
•    Bharatiya Vidya Bhavan, Jawaharlal Nehru Academy of Languages - New Delhi
•    Alliance Francasie - 15 branches across the country.
•    Max Mueller Bhavan- major metros.
•    Indo - Italian Chamber of Commerce - Mumbai
•    Japanese Information and Cultural Center - New Delhi
•    Ram Krishna Mission - Kolkata
•    Indo-Japan Chamber Of Commerce & Industry, No.21, K.B. Dasan Road, Teynampet, Chennai - 600 018
•    Pune University, Ganeshkhind, Pune
•    Rajasthan University, Jaipur, Rajasthan

FOREIGN LANGUAGE COURSES IN INDIA:

Due to vast scope in foreign language courses, plenty of students opt for courses in various languages. Some of the major languages that are taught in India are French, Italian, German, Spanish, Japanese, Arabic, Russian, Chinese and Persian. Bachelor's degree course in foreign language is 3-year full time program. The candidate should have completed 10+2 in any discipline. Integrated Master's course in foreign languages is the five years program. The graduate or undergraduate students can apply for the course. Diploma or Certificate courses of 6 months to 1 year are also available. After completion of bachelor's course, one can progress for M.A. M.Phil and Ph.D program in foreign language.

SCOPE OF FOREIGN LANGUAGE COURSES IN INDIA:

Career in foreign languages is a good choice for a bright future. India has many well-established international companies. These companies require foreign language expertise for transactions, reporting and translation of documents. Due to amazing scope of foreign language courses, they are gaining tremendous popularity among the people. Knowledge of foreign language is considered as an additional qualification. Once the individual gets trained in foreign languages, many job opportunities in different fields are waiting for him. The employment options are available in teaching, diplomatic services, travel and tourism, air hostesses and flight stewards, interpreters, translators in Government sectors, industries and Research Organizations, in hotels, multi-national companies and as Public Relation Officers.

JOB PROSPECTUS & CAREER OPTION:

Job prospects vary from secretarial, executive and public relation assignments as for translation and interpretation jobs.

REMUNERATION:

 Scales of pay vary with the kind and the place of work.

MSW (MASTER IN SOCIAL WORK)

INTRODUCTION:

The work carried by skilled people to look up the conditions of the people who are poor, old etc. is known as Social work. MSW is a branch of study which deals with training individuals in the field of social work. It is one of the noblest professions which are looked forward for the benefit of others.

Objective:

The main aim of MSW is to develop unselfish traits among the candidates. The candidate pursuing MSW are taught the various problems faced by humans across the globe. They are also taught the ways of tackling these unfavorable situations. The students are taught the various social work theories and principles.

The student of MSW has a personality of their own. The candidates are taught to be patient and deal with complex situations efficiently. There are many other specialized and educational skills that are also taught to the individuals pursuing MSW.

Course Outlook:

Correspondence course in MSW and a classroom program in MSW are exactly same in structure and contents. The only difference lies in the class contact hours. A correspondence in MSW offers a bit less of practical training as compared to the classroom program. But MSW is such a subject which mainly depends on the individual’s personal skills of identifying and helping people in need.

The duration of correspondence course in MSW generally depends on the institute from which the individual is pursuing the course. In general, the course is of 2-3 year duration. The student is provided study material to complete the course. Examinations are scheduled two to four times a year at specific centers across India.

Eligibility:

For doing a correspondence MSW, the student must be a graduate in any discipline from a recognized university. For doing a course in MSW, more emphasis is given on the profile of the candidate. If the candidate has not done well academically but has a good personal record of social service then he is considered eligible for the course.

The final acceptance to the course is taken after conforming that the candidate does not have any sort of criminal records.

Career Objectives:

One may join a NGO or may also work for any government organization that is concerned with the welfare of the poor, elderly and needy. One may also join institutions like Help Age India etc who have taken this noble profession across borders.

BCA (BACHELOR IN COMPUTER APPLICATION)

INTRODUCTION:

Bachelor of Computer Application (BCA) is a course which is nowadays gaining lots of height among the student of India and abroad. A student can also enter this course by giving the Common Entrance Exam (CET) in their respective states. Some of the important colleges where Online BCA course is taught are IGNOU (Delhi), Dr. C.V. Raman University (Bilaspur), Symbiosis Institute of Computer Studies and Research etc.

This BCA comprehensive programme on one hand trains the students in the latest information Technology (IT) field and on the other provides them a platform for pursuing further post-graduate programmes in any university. The Course also includes management subject to develop the students as complete professionals for tomorrow

ELIGIBILITY:

For being eligible for admission to the course of BCA, a candidate must be 10+2 or equivalent pass at the time of admission. As the seats are limited, admission is offered on merit basis. Kindly note that students without mathematics at 10+2 level are also eligibile to apply for this course.

COURSES OBJECTIVES:

At the end of the course, participants would be familiar with safety legislations, safety management system, accident investigation techniques, identification and analysis of hazards.

DURATION:

This degree course is of three years duration, which is divided in to Six semesters. The course follows semester pattern for examination. The University reserves the right to update or change the syllabus at any time as and when needed

SEMESTER 1    

101    MATHEMATICS I
102    DISCRETE MATHEMATICS
103    COMPUTERS FUNDAMENTALS & PROGRAMMING CONCEPT
104    PRINCIPLES OF MANAGEMENT
105    PRACTICAL SOFTWARE LAB BASED ON BCA - 103

SEMESTER 2    

 
201    MATHEMATICS II
202    DATA STRUCTURE & C PROGRAMMING
203    DATA BASE MANAGEMENT SYSTEM
204    DIGITAL ELOCTRONICS & COMPUTER ORGANISATION

SEMESTER 3    

301    COMPUTER ORIENTED STATISTICAL & OPTIMIZATION METHODS
302    OPERATING SYSTEM
303    COMPUTER ARCHITECTURE & ASSEMBLY LANGUAGE
304    PRODUCTION & OPERATION MANGEMENT
305    PRACTICAL SOFTWARE LAB BASED ON 302 & 303

SEMESTER 4     

401    COMPUTER ORIENTED FINANCIAL MANAGEMENT
402    COMPUTER COMMUNICATION NETWORK
403    COMPUTER GRAPHICS
404    OBJECT ORIENTED PROGRAMMING & C++
405    PRACTICAL SOFTWARE LAB BASED ON 401, 402, 403, 404

SEMESTER 5    

501    SOFTWARE ENGINEERING
502    PROGRAMMING IN VISUAL BASIC
503    IMPLEMENTATION SYSTEM: SASSES, DESIGN & IMPLEMETATION
504    TECHNICAL DOCUMENT PRESENTATION & COMMUNICATION SKILL
505    PRACTICAL SOFTWARE LAB BASED ON 502 & 503

SEMESTER 6    

601    CLIENT SERVER TECHNOLOGY
602    MULTIMEDIA & ITS APPLICATION
603    PROJECT WORK – II
604    PRACTICAL SOFTWARE BASED ON 601 & 602



WHO SHOULD ATTEND?

People intending to work as WSH coordinators under the WSH Act, factory occupiers, employers, occupational safety and health personnel and those interested in occupational safety and health.

ASSUMED SKILLS & KNOWLEDGE

The applicant must be a Singapore Citizen or Permanent Resident or holder of a valid employment pass/work permit; and

• Achieved ESS Workplace Literacy (WPL) Assessments (Listening, Reading, Speaking & Writing) level 5 or holder of GCE ‘N’ Level English grade 5 & Mathematics grade  5; AND

• Possessed WSH skills and knowledge equivalent to that of Certificate in WSH or preferably 3 years of working experience in WSH; AND

• BCSS or ESS - WSH (supervisory level).

Applicants to submit the following documents for registration:

            a) Copy of GCE “N” Level Result/ ESS WPL Result
            b) A letter on your employment status and details
            c) Copy of Work Permit or Employment Pass (for foreigners)
            d) Copy of BCSS or ESS – WSH (supervisory level).

Intake:        Monthly                       
Venue:         BCA Academy, 200 Braddell Road
Duration:      126 Training hours spread over about 6 months
Frequency:     1 - 2 evenings per week
               (some lessons may also fall on full Saturdays)
Time:          6.30pm - 9.30pm (evening),
               8.30am - 5.30pm (Saturday)

ATTENDANCE:

Every candidate shall have to attend minimum 75% classes in all theory and practical. No claim shall be entertained if the attendance is less than 60% and the candidature may be detained or even terminated.

DISCIPLINE:

The students are expected to maintain strict discipline and order in and out of campus. All the students will be governed by the rules, ordinance and regulations framed by the university and amendments effected from time to time.

EXAMINATIONS:

The University solely conducts The Examinations. For BCA course the university follows the semester pattern. Minimum 40% marks are necessary per individual subjects. However the overall aggregate marks must be at least 45% so as to pass. The examination shall be based on given syllabus, which may be modified from time to time as per requirements, so as to keep it more updated.

ONLINE BCA COURSE:

BCA is a computer related course. The course mainly is focused on software, computer languages and subjects related to computer application. The students have to study lot and remain updated with the growing technologies and modification in the computer system and upcoming computer languages. Students apply for Online BCA course mainly due to their lack of time or in job related matters. Many students due to their financial problems do part time jobs beside studying and building up their career. Even many service men apply for a course to uplift their degree and rank. Online BCA courses are not only convenient for them, but also a beneficial one.