Best Courses to pursue for a career in CA (Chartered Accountancy): B.com With ACCA, B.com With CMA, B.com With CPA, B.com With CA

BCom ACCA

The three- to four-year Bachelor of Commerce with ACCA (BCom with ACCA) program includes six ACCA papers. B.Com with ACCA students can complete their ACCA Professional qualification with little additional training because the curriculum is already integrated or embedded in the B.Com syllabus. ACCA is a globally recognized certification. In addition to the standard BCom subjects, ACCA allows BCom students to study all of the topics required for commerce and business, such as accounting, taxation, marketing, management, reporting, law, and regulatory compliances.

Syllabus

Admission Process

The admissions procedure for the BCom with ACCA is the same as the standard B.Com admissions procedure. The majority of colleges hold their own BCom Entrance Exams for admission.

Shortlisted candidates are chosen based on the following criteria: 

• Academic performance consistency
• Entrance exam results
• Success and adaptability

Eligibility Criteria

To enrol in B.Com plus ACCA, students must meet the requirements listed below. Although standards may differ from one college to the next, most colleges use these uniform standards.

• Candidates must hold a 10+2 diploma from an accredited board.
• A minimum of 50% on the 10+2.
• There is no upper age limit.

Career Opportunities

In comparison, BCom with ACCA is more expensive than BCom Fees. The average BCom ACCA course costs between INR 1,50,000 and INR 3,00,000. Candidates for a BCom with ACCA can work in corporate and business accounting, corporate finance, compliance and risk management, business development, business restructuring, and audit and assurance, among other fields.

Financial Accountant, Operations Manager, Data Analyst, Senior Auditor, Charter Accountant, and other positions are available.

• Financial accountants oversee the organisation’s financial and accounting operations. By analysing the company’s financial situation, they assist the business in making financial and investment decisions. 
• A chartered accountant’s primary responsibility is to manage the accounting department of a client or company. They prepare financial statements, write accounts, and keep balance sheets up to date. 
• A senior auditor’s role is to supervise and direct the auditing process. They are the senior auditors and the team’s leader.
• For the organisation, data analysts comprehend and decipher data so that stakeholders can make informed decisions about their next course of action. This position necessitates a strong understanding of mathematics.
• Director of Operations: They have a substantial impact on the organisation. They ensure that talented individuals are hired and receive professional training. They also removed obstacles in the hiring process.
• Account executive positions are usually found in sales. Understanding customer needs, meeting them, and attracting new customers to the business are all part of the job.

One can further their education after completing their undergraduate degree. If students are not yet ready for employment and want to further their education, they can enrol in higher-level courses such as the MCom, Financial Risk Management, MBA, and Chartered Financial Analyst.

• A master’s degree in commerce is one of the most popular post-graduate options for students. Students in the M.Com. program can choose from a number of specialisations.
• Financial Risk Management It is ideal for those who want to manage risks. In the banking and corporate sectors, risk managers are in high demand. You can also travel abroad for this course, specifically to the United States. The GRMI in Gurgaon, India, is one of the top FRM schools.
• Another popular postgraduate course is an MBA (Master of Business Administration). People who want to start their own businesses or work in the corporate world should make the most of it.
• Chartered Financial Analyst: This graduate-level program is available in a variety of countries. The United States is one of the best places to pursue a career as a Chartered Financial Analyst after graduation.

BCom with CMA

BCom with CMA (Certified Management Accountant) allows students to gain substantial fundamental knowledge of various financial and management accounting subjects while pursuing BCom. Students who have completed their 10+2 in any subject (Science/Commerce/Arts) are eligible to apply for BCom with CMA Courses. ICWAI is the only exam that is used to provide admission to CMA courses at various levels, such as Foundation, Intermediate, and Final. The average fees for BCom with CMA courses vary by institute. However, the average fee ranges from INR 6,000 to 3.8 Lakhs.

Syllabus

• Environmental Studies
• Business Law and goals
• English Language learning
• Business Mathematics and Statistics
• Business Organization and Management
• Business Administration
• Financial Accounting Language I
• Income Tax Law and Practice
• Cost Accounting
• Business Communication
• Language II
• Company Law and tax planning
• e-Commerce
• Computer Applications in Business
• Corporate Accounting

Eligibility Criteria

• Candidates for the BCom with CMA program must have completed the 10+2 or its equivalent and enrolled in the CMA Foundation Course.

CMA Foundation Level: Candidates must have completed 10+2 in order to apply for CMA Intermediate.

• Students must have graduated from Grades 10 and 2 to be eligible for the CMA Intermediate Level. They must have completed the CMA Foundation Course. Candidates with ICSI Foundation or ICAI Intermediate training may apply for this course. Candidates must complete 100 hours of computer training as well as three days of CSS training.
• CMA Final Level: Candidates who have passed the CMA intermediate level are eligible to apply.
• The Institute of Cost and Management Accountants of India administers an ICWAI exam to grant admission to CMA programs in India.
• ICMAI: This exam is used to grant admission to CMA courses at various levels, including Foundation, Intermediate, and Final.

The average cost of a BCom with a CMA program varies by institution. The average fee, however, ranges between INR 6,000 and 3.8 Lakhs.  Christ University, Jain University, and Impact Institute of Management Studies are among the reputable institutions that provide BCom with CMA.

Admission Process

Many top colleges use entrance exams to determine admission; the exam format and registration information are provided below.

• Fill out the application form by visiting the relevant colleges’ websites and carefully reading the instructions.
• Documents required: The necessary paperwork includes an Aadhaar card, a Pan card, photos, a transcript from a bachelor’s degree, and so on.
• Before submitting, double-check: Before submitting your admission form in its entirety, ensure that it is error-free.
• Payment is made online after completing the admissions form.
• To print the confirmation slip: After receiving payment, print the final confirmation page for your records.
• Obtain the application form: Download the admit card in its entirety two to three days before the exam.
• Attend a Counselling Session: Following the completion of the exam and the publication of the results, candidates must attend counselling to select their educational institutions.

Career Opportunities

Graduates are hired for jobs such as financial controllers, treasurers, chief financial officers, investment managers, payable or receivable managers, budgeting managers, and fund or portfolio managers. Banks and financial services, consulting, information technology, retail, pharmaceuticals, and manufacturing—basically, any US-based MNC in India—are the most popular hiring sectors.

Graduates with a BCOM and a CMA earn between 4.5 and 8 lakhs per year. BCOM or CMA graduates can pursue an MBA or a postgraduate degree in a field that is associated.

Some reputable institutes that offer BCom with CMA are Impact Institute of Management Studies, Jain University, and Christ University.This course enables students to obtain the CMA, which is a globally recognized, advanced, and highest level of management certification. It also aids in the improvement of students’ learning processes by acquiring knowledge in new areas rather than concentrating on the same subjects covered in the CMA Courses educational scheme.

Graduates are hired for positions such as Finance and Accounting Managers within companies, Budgeting Managers, Investment Managers, Costing Managers, Payable Managers or Receivable Managers, Portfolio/ Fund Managers, Financial Controllers, Treasurers, Chief Financial Officers, and so on. Banks & Financial Services, Consulting, IT, Retail, Pharma, Manufacturing (basically, any US-based MNC in India, etc.) are the top recruiting areas for getting placements. The average salary package for BCOM with CMA graduates ranges between 4.5 and 8 lakh per year.

 Graduates of the BCOM or CMA program can pursue postgraduate studies in the appropriate fields or an MBA.

B.com With CPA

This program is designed for students who want to expand their professional knowledge in the field of accounting in general, and corporate accounting and finance in particular. This program is linked to US CPA. The American Institute of Certified Public Accountants (AICPA) offers the Certified Public Accountant (CPA) certification. This program assists in comprehending the dynamic changes in the fields of commerce and management in a global context. Furthermore, the program aims to prepare students for executive positions in multinational Fintech firms, audit firms, banking firms, and NBFCs.

CPA is the highest accounting qualification in the United States, with global credibility. CPAs are licensed accounting professionals who are dedicated to protecting the public interest. The AICPA (American Institute of Certified Professional Accountants), the world’s largest accounting body, administers the Uniform CPA examination. All candidates who pass the CPA exams are eligible for membership in the AICPA.

Syllabus

• Public Accounting
• Professional Responsibilities, Ethics and General Principles
• Corporate Accounting
• Financial Accounting and Reporting
• Auditing and Assurance
• Assessing Risk & Developing a Planned Response
• Obtaining Evidence and Performing Further Procedures
• Management Accounting
• Financial Analysis
• Treasury/ Cash Management

Eligibility Criteria

The US CPA course takes at least 12 months to complete, depending on the candidate’s dedication and focus.

The AICPA allows a maximum of three years from the date of registration to complete the US CPA Course.

Bachelor’s degree in any of the following fields: commerce, accounting, finance, science, or the arts. A candidate must have 120 CPE credits to take CPA exams and 150 CPE credits to obtain a CPA licence.

Career Opportunities

CPAs are in charge of preparing financial statement audits and other attestation services to help investors understand a company’s or firm’s financial health. They also provide tax and financial planning advice to both corporations and individuals. Their primary responsibility is to provide financial reporting and advisory services in order to promote informed decision-making and financial growth.

CPAs in India earn an average salary of Rs. 6.9 LPA. We hope that after b. com which course is best, this option has been answered.

BCom CA

Chartered Accountants are among the highest-paid job professionals in India. The Candidate must obtain legal confirmation from a legal body that can provide documented proof that the following individual possesses the necessary skills and capabilities to handle business bookkeeping and tax collection. The BCom and CA (Chartered Accountancy) programs are nearly identical. The only significant difference is that the level of difficulty in the CA course is significantly higher than in the B.Com. B.Com., or Bachelor of Commerce, is a three-year undergraduate course that is the second most popular in the Commerce stream.

The BCom with CA program is divided into six semesters. Financial accounting, economics, company law, corporate tax, auditing, business management, and many other topics are covered in the BCom Syllabus to help students improve their skills.

• Aspirants who are eligible for both programs separately can pursue CA and B.Com together.
• It is up to you to decide whether pursuing both programs concurrently is a better option. Pursuing two degrees at the same time is a difficult task.
• Although the topics covered in the first and second years of the B.Com syllabus are nearly identical to those covered in the CA Foundation course, the learning level of the topics in CA is significantly higher. However, if hopefuls are dedicated and diligent, managing both courses will be relatively easy.

Syllabus

• Accounting (Paper 1)
• Corporate and Other Laws (Paper 2)
• Cost and Management Accounting (Paper 3)
• Paper 4 Taxation.
• Paper 5 Advanced Accounting.
• Paper 6 Auditing & Assurance.
• Paper 7 Enterprise Information System and Strategic Management.
• Financial Management and Economics for Finance

Eligibility Criteria

After completing the 10th standard, candidates or students are eligible to complete the registration for Chartered Accountant CPT. However, they can only take the exams after finishing their 12th grade.

Students who want to take the CA exam do not have to be from a specific stream. The exam is open to all students in the commerce, science, and arts streams.

Students with streams other than commerce who want to take the CA exams must have a minimum of 55% aggregate marks if mathematics is excluded and 60% minimum aggregate marks if mathematics is included in the 12th standard.

Career Opportunities

Candidates who complete their B.Com with CA are hired in a variety of positions such as Chartered Accountants, Financial Analysts, Finance Officers, Finance Managers, Auditors, and so on. According to the Payscale website, a simple B.Com graduate in India earns an average salary of INR 453,708 per year, while a BCom with CA in India earns around INR 795,838 per year. More than 1.75 times the BCom salary. Despite the fact that the CA is one of the most well-known courses in the business world. Although the CA is considered a professional course, candidates must have a graduation degree in order to pursue postgraduate degrees such as the MBA in the future. As a result, the BCom degree is essential for further education as well as employment opportunities.

The Big Four firms that employ CAs are E&Y, PWC, Deloitte, and KPMG. These companies provide numerous opportunities as well as a competitive salary package. Candidates can also start their own accounting firm. CAs master the art of dealing with clients and other stakeholders in the business after four years of hard work and learning. CA firms typically offer salaries ranging from 3 to 8 lacs.

Every type of business requires an accountant, and there is a high demand for Chartered Accountants in large IT firms such as TCS, Wipro, and Infosys.

 The workload in such companies is also reduced, but the pay scale is competitive and increases with experience.

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Best Courses to pursue for a career in CA (Chartered Accountancy): B.com With ACCA, B.com With CMA, B.com With CPA, B.com With CA

Featured Posts

Best Courses to pursue for a career in CA (Chartered Accountancy): B.com With ACCA, B.com With CMA, B.com With CPA, B.com With CA