May you have the sharpest axe to crackyour XII Commerce Exams

- Abraham Lincoln

Give me six hours to chop down a tree and I will spend the first four sharpening the axe.

Courses Offered atKnowledge Academy & Fountainhead

• CA(CPT-IPCC-FINAL)

• CWA(Intermediate-Final)

• CS(Foundation - Executive)

CM• CFPCM

(Certified Financial Planner )

• CFA(Chartered Financial Analyst)

• CRA(Credit Risk Assessment)

• NCCMP(NSE Certified Capital Market Professional)

• Pathfinder(Career Planning Tool for all Students of Std. 9 to 12)

+• Pathfinder(Career Planning Tool for all Students after 12th)

• Financial Planning for Homemakers(Short term course)

1

322

INFORMATION ON PROFESSIONAL COURSES

• Professional Courses impart advance knowledge, expertise and skill in the given field.

• The successful completion of Professional Courses generally leads to Professional Certification and not degree. Professional Certification is demonstration of ability or knowledge as is required, generally by law, before being allowed to perform a task or job. Say for illustration, only those who possess certification of Chartered Accountant can act as Statutory Auditor under the Companies Act.

• The certification of these courses is generally awarded by Professional/Statutory bodies and not Universities.

• The Professional Courses have uniform curriculum across India. The global professional qualifications have uniform curriculum globally. The examination for the courses is conducted at national or global level as the case may be.

• Normally Professional Courses are conducted in Self-study mode unlike degree courses which are run by Universities / Colleges in classroom mode.

• Professional Courses expect advanced or expert knowledge from the students and hence difficulty level for passing the courses is very high. Under this scenario, test-preparation / coaching greatly enhances the probability on success.

Career Options after 12th Commerce:

Indian Professional Qualification

• CA : Chartered Accountant

• CS : Company Secretary

• CFA : Chartered Financial Analyst

• CWA : Cost and Works Accountant

Global Professional QualificationCM• CFP : Certified Financial Planner

• CFA (US) : Chartered Financial Analyst

3

While a graduation degree is a entry level and qualification for job profile like operations, back office work, sales, etc;

For better career prospects and higher earnings, one has to have :

324

CHARTERED ACCOUNTANT

Premier Professional Qualification

Global Career Opportunity

Industry Employment

Professional Practice

Career Options

Financial Advisory

Investment / Merchant Banking

Management Consultancy

Project Finance BPO / KPO / LPO

Manufacturing and trading

sectors

Financial Services sector

Other Services sector

Accounting

Auditing

Taxation

Company Law

5

Advantage CA

• Highest qualification - CA is the highest qualification in commerce stream and gives expertise in Accounting, Taxation and Finance

• Ever Green Profession - with the growth in economy, demand for CA can only rise.

• Average Starting Salary - Rs. 5,00,000 per annum, hence considered the highest paid profession

• CA - the most respected professional qualification can be pursued while graduation.

• Low Cost - the cost of education is lower than many professional courses. In fact, one also earn stipend during the articledship.

326

Accounting Technician Certificate (ATC)

ICAI awards ATC once student passes CPT & Group I of IPCC

Process

Step I

Step II

Step III

Step IV

Step V

CPT

ATC - Accounting Technician

Course

Orientation Program (OT)

and IT Training

Work Experience

Designation

Accounting Technician

• Pass Class 10 exam

• Register with the Board of Studies for Common Proficiency Test

• Appear and qualify standard XII exam

• Appear and qualify CPT exam

• Register

• Complete 9 months of study

• Appear and pass Group I of IPCC, i.e. Accounting Technician exam

Undergo 35 hours of OT and 100 hours of IT, training before appearing for the first time in Accounting Technician Exam

Complete one year of work experience.

Designate as Accounting Technician.

ATC Course substantially enhances the “employability” of the students unlike generic B.Com. degrees which unfortunately do not get you jobs.

Chartered Accountant

ICAI confers the Certification of CA after a student passes all 3 levels i.e. CPT, IPCC & Final & completes the practical training period of 3 years.

Process Chartered Accountancy

Step I

Step II

Step III

Step IV

Step V

Step VI

Step VII

CPT

IPCC

Orientation Program (OT)

and IT Training

Internship

Final

Membership

General Management and Communication

Skills

• Pass Class 10 exam• Register with the Board of Studies for

Common Proficiency Test• Appear and qualify standard XII exam• Appear and qualify CPT exam

• Register• Complete 9 months of study• Appear and pass both groups or Group I

of IPCC• Appear and pass both Group II of IPCC in

case pending

35 hours of OT and 100 hours of IT, either • After joining IPCC or • After passing either both or Group I of IPCC

Join 3 years practical training / Articleship after passing Group I of IPCC

• Register

• Appear and qualify CA Final exam while serving the last six months on internship

15 days training after 2 years articled training either

• After joining Final or • After passing Final

Acquire membership of ICAI

7

328

Information on CPT

Eligibility

- CPT Registered- Appear for CPT after 2 months from registration

Appeared / Passed XII

9

*As per ICAI Norms

CPT Subjects

Section I

Fundamentals of Accounting

Mercantile Laws

Section II

General Economics

Quantitative Aptitude

CPT Examination Requirements

Objective Type

Each Question - Four Options

Select most appropriate

Negative Marking

-0.25 Marks for wrong answers

50% - Aggregate (Subject to

30% marks inall subjects)*

Passing Requirements

3210

*As per ICAI Norms

Information on IPCC

Qualified class XII & CPT

Registered for IPCC course

Complete 9 months of study from the date of IPCC registration

Appear for IPCC exam held twice a year in May & November

IPCC DIRECT Final year of college & Graduatestudents are exempt from CPT &

directly enter IPCC*

Eligibility

11

IPCC Subjects

Group I

Accounting

Business Laws, Ethics & Communication

Group II

Advances Accounting

Auditing & Assurance

Cost Accounting & Financial Management

Taxation

Information Technology & Strategic Management

Group Wise

40% in each subject

Both Groups

40% in each subject

IPCC Examination Requirements

50% in aggregate 50% in aggregate for all subjects of both groups

3212

Information on Final

Appear for CA Final either after completion of articled Training or

during the last 6 months of the same;held twice a year, in May & November

Qualified IPCC

Registered for Final course

Eligibility

13

Final Subjects

Group I

Financial reporting

Strategic Financial Management

Group II

Advanced Management Accounting

Advanced Auditing & Professional Ethics

Corporate & Allied Laws

Group Wise

40% in each subject

Both Groups

40% in each subject

Final Examination Requirements

50% in aggregate 50% in aggregate for all subjects of both groups

Information Systems Control and Audit

Indirect Tax Laws

Direct Tax Laws

3214

Our Results

CPTYear Attempt

June

2009

2010

2011

2012

NA

74%

85%

70%

65%

60%

60%

NA

December

Year Attempt

2010

2011

2012

IPCC

May

33%

65%

61%

2 Rankers (India) in Nov 2010

2 Rankers (India) in May 2011

2 Rankers (India) in May 2012

30%

30%

NA

November

Highest CA Final pass out across Gujarat are from Fountainhead

584 Students passed Final C.A. in 2 years amongst which we have 17 securing all India ranks

Final

15

• Leading practicing professionals with rich experience in CA coaching.

• Subject specific experts from the corporate world

• Continuous examinations and evaluations

• In Time Course Completion

• Systematic Time Table

• Practice Test & Mock Test as per ICAI Norms

• Special Commerce Dictionary

• Scholarship for all as per YDYF - You decide your Fees - Earn Scholarship for each correct answer

Our Infrastructure & Learning Environment

• Well designed, spacious and air-conditioned learning environment.

• Latest audio-visual facilities connecting all class rooms.

• LCD screens for information display.

• Facility of Cafeteria for students to unwind.

Our Commitments

3216

COMPANY SECRETARY

CS

17

• one gets a statutorily recognized qualification of Company Law professionals on completion of CS

• The qualification is awarded by ICSI

Jobs Opportunities

• One can get employment in mid to large sized companies and Law firms.

• There are also opportunities to practice as self - employed professional.

Structure of the course

• There are three levels to CS:

• Foundation

• Intermediate

• Final

• Fifteen months of mandatory training after passing the level - Final.

• It takes three years to get qualified as a CS.

Information on CS

3218

CS FOUNDATION LEVEL

X Pass - XII Appeared

Eligibility

19

Business Environment & Entrepreneurship

• 100 Marks

Business Management, Ethics & Communication

• 100 Marks

Business Economics

• 100 marks

Fundamentals of Accounting & Auditing

• 100 Marks

Exam Requirement

• One is required to get a minimum of 40 marks in each paper (not subject) and an aggregate of 50% in all papers together.

• The test is held twice a year - June and December

• Last date for registration with ICSI :

For December Attempt : March, 31 For June attempt : September,30

CS Foundation Subjects

3220

CS EXECUTIVE LEVEL

Eligibility

After clearingFoundation level

After Graduation - this would be Level 1

for those who join CS after Graduation

21

Module I Module II

• General and Commercial Laws • Company Law• Company Accounts & • Ethics & Labour Laws Cost Managements Accounting • Securities Law and • Tax Laws Compliances

Exam Requirement

To pass/qualify at the examination a student has to obtain a minimum of 40% in each paper and a aggregate of 50% in all the papers of a module together, failing which the student has to reappear in all the papers of the module again.

• Exam is held twice in a year June and December.

• Last date for registration with ICSI :

For December attempt : February, 28For June Attempt : August, 31

Duration of the course:

The course is 10 months long - from the time when candidate registers himself, to, when he/she completes the course.

CS Executive Subjects

3222

CS PROFESSIONAL LEVEL

Student should undergo compulsory 15 months training after passing

the Executive exam.

After clearing Foundation &Executive Level

After completing Graduation and Executive Level

Eligibility

23

Module I

Company Secretarial Practice

Drafting, Appearances and Pleadings

Module III

Strategic Management, alliances and International Trade • Part A : Strategic Management • Part B : Strategic Alliances • Part C : International Trade

Advanced Tax Laws and Practice

• Part A : Direct Taxation - Law & Practice • Part B : Indirect Taxation - Laws & Practice • Part C : International Taxation

CS Professional Subjects

Exam Requirement:

To pass/qualify at the examination a student has to obtain a minimum of 40% in each paper and a aggregate 50% in all the papers of a module together, failing which the student has to reappear in all the papers of the module again.

Duration of the course:

The course is 10 months long - from the time when the candidate registers himself, to, when he/she completes the course.

Module II

Financial, Treasury and Forexmanagement

Corporate Restructuring and Insolvency

• Part A : Corporate Restructuring • Part B : Corporate Insolvency

Module IV

Due Diligence and Corporate Compliance ManagementGovernance - Business - Ethics and Sustainability

• Part A : Corporate Governance • Part B : Business Ethics • Part C : Corporate Sustainability

3224

COST & WORKS ACCOUNTANT

CWA

25

• One gets a qualification of Statutory Cost Auditor on completion of CWA.• The qualification is awarded by ICWAI.

Job Opportunities :

• One can get employment in mid to large sized organizations.• There are also opportunities to practice as self - employed professional.

Structure of the course :

• There are three levels to CWA: • Foundation • Intermediate • Final• It take three years to get qualified as a CWA.

Information on CWA

3226

CWA FOUNDATION LEVEL

Eligibility

X Pass - XII Appeared

27

*Subject to changes as per “Syllabus 2012”

Organisation and Management Fundamentals (OMF)

• Section I : Organisation - 30% • Section II : Management - 70%

Accounting (ATC)

Economics & Business Fundamentals (EBF)

• Part A : Ecomonics - 60 marks • Part B : Business Fundamentals - 40 marks

Business Mathematics and Statistic Fundamentals (EMF)

Final Exam Requirement

To pass/qualify at the examination a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers together, failing which the student has to reappear in all the papers of the module again.

Exam Dates:

• June Examination Third Week of June [15th to 18th]

• December Examination Third Week of December [14th to 17th]

CWA Foundation Subjects

3228

CWA INTERMEDIATE LEVEL

Eligibility

After clearingFoundation level

After Graduation - this would be Level 1

for those who join CS after Graduation

29

Group I Group II

• Financial Accounting • Cost and Management Accounting

• Commercial & Industrial Laws • Operation Management & Auditing Information system • Section I : Commercial & • Section I : Operation Industrial Law Management • Section II : Auding • Section II : Information System

• Applied Direct Taxation • Applied Indirect Taxes

Final Exam Requirement

To pass /qualify at the examination a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of a module together, failing which the student has to reappear in all the papers of the module again.

Exam Dates:

• June Examination Second Week of June

• December Examination Second Week of December

Duration of the course:

The course is 10 months long - from the time when the candidate registers himself, to, when he/she completes the course.

*Subject to changes as per “Syllabus 2012”

CWA Intermediate Subjects*

3230

CWA FINAL LEVEL

Eligibility

After Foundation &intermediate Level

After completing Graduation

and Intermediates Level

31

Group III

• Capital Market Analysis & Corporate Laws • Section I : Capital Market Analysis • Section II : Corporate Law & Corporate Governance

• Financial Management and International Finance

• Management Accounting and Strategic Managements • Section I : Strategic Management • Section II : Corporate Law and Corporate Governance

• Indirect and direct Tax Management

Group IV

• Management Accounting - Enterprise performance Management

• Advanced Financial Accounting and Reporting

• Cost Audit and Operational Audit • Section I : Cost Audit • Section II : Operational Audit

• Business Valuation Management

Final Exam Requirement

• To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of a group together, failing which the student has to reappear in all the papers again.

• Even if the student appears in both the groups together each group will be considered separately for assessing the result.

Exam Dates :• June Examination Second week of June• December Examination Second week of December

*subject to changes as per “Syllabus 2012”

CWA Final Subjects*

3232

CHARTERED FINANCIAL ANALYST

• Charted Financial Analyst (CFA) is a professional designation offered by CFA Institute, USA.

• A CFA designation is a mark of distinction that is globally recognized by employers, investment professionals, and investors as the definitive standard by which to measure serious investment professionals.

Financial Times13 August 2010

“Among the countless finance degrees around the world, the Chartered Financial Analyst qualification has become the gold standard.“

CFA

33

How well is the CFA Known?

There are currently more than 90,000 CFA charter holders working in over 135 countries around the world.

Regulatory bodies in 19 countries recognize the CFA designation as a proxy for meeting certain licensing requirements.

The CFA Program has been benchmarked as comparable to a master’s degree in finance by the United Kingdom National Academic Recognition Information Centre.

More than 125 distinguished colleges and universities around the world have incorporated a majority of the CFA Program curriculum into their own courses, including the University of Oxford’s Said Business School; New York University; INSEAD; Peking University; and Nanyang Tachnological University

Career Possibilities

Among these many specialities in the investment profession, CFA charter holders hold the following types of positions in countries around the world:

Virtually every major financial services firm, consultancy, bank, brokerage, and insurance company worldwide employs CFA charter holders. The CFA charter provides a strong foundation for a wide range of career paths in the investment profession.

Information on CFA

3234

Earning the CFA designation

Topics by Exam Level

Exam schedules• The exams are offered by CFA Institute at hundreds of locations

throughout the world.

• Level I is offered twice yearly in June and December; Levels II and III once annually in June.

• Generally exams are conducted on the first Saturday of the respective month for both exams of each level. The available time for each exam is 180 minutes or 3 hours.

35

For who

• Investment Professionals

The CFA Program curriculum is designed to complement your experience with a broad range of skills determined to be most relevant by investment practitioners and employers acquiring this additional knowledge will enhance your professional abilities and will increase your standing with colleagues, clients, and your employer.

• Career Change

Many non-investment professionals, such as attorneys and accountants, choose to earn the CFA charter to gain broader professional expertise. If you are developing an additional area of proficiency or if you are seeking to make a career change into the investment profession, completing the CFA Program is a cost-effective way to gain the skill you need for success in today’s global investment profession and to signal the seriousness of your intentions.

• Students

If you are a student planning to enter the finance or investment professions, there is no better way to signal your commitment and your ability to perform at a high level than by enrolling in the CFA Program, learning the skills you will need to succeed in the investment industry, and earning the CFA charter.

Roadmap to CFA Charter

• Bachelor’s degree or equivalent/in final year of bachelor’s degree program.

• Enrollment

Passing Level I, II, III exams

4 years of relevant work experience (accumulated before, during, or after exam)

Professional Conduct Statement

Join CFA Institute and apply for society membership

Pay membership dues

Earn CFA Charter

3236

CERTIFIED FINANCIAL PLANNER

CM CMCFP , CERTIFIED FINANCIAL PLANNER AND are certification and marks owned outside the US by Financial Planning Standards Boards Ltd., (FPSB Ltd.) Financial Planning Standards Board India (FPSB India) is the marks licensing authority for the CFP Marks in India, through agreement with FPSB Ltd.

CMCERTIFIED FINANCIAL PLANNER or CFP certification awarded by FPSB India is a globally accepted standard in Financial Planning.

37

CMCFP -Certified Financial Planner

CMWhy CFPCM• In India, over 23,000 students are undergoing the CFP Certification.

CM• CFP professionals are sought after by leading banks, both public

and private, mutual funds, insurance companies, wealth management firms, etc.

• This program is recognized in 23 countries and has cross-border policy as well.

CM• There are over 1,40,000 CFP professionals worldwide.• FPSB India is the affiliate body in India and is a standards setting body

for Financial Planners.• Recently CareerCast has rated Financial planner amongst Top 5 jobs. CareerCast is USA’s premium job Portal.

CM• CFP certification has been rated as the Gold standard in Financial

Planning by the Wall Street Journal.

Eligibility: 10+2 (any stream) from a Statutory Board of India or its equivalent.

Course Modules:• Introduction to Financial Planning• Risk Analysis and Insurance Planning• Retirement Planning and Employee Benefits• Investment Planning• Tax Planning and Estate Planning• Advanced Financial Planning

Course Duration:• Fifteen Weeks• 10 hours per week, spread over Friday, Saturday and Sunday

3238

Aptitude Test - PathfinderTo help choose right career

What does Pathfinder do?

• e-assesses an individual’s Interests, Abilities and Behavioural traits based on psychometrically developed tools

• Combines these to develop a career report which suggests career choices and fitment

• Helps make informed career decisions

• Offers an individualized Career Counseling session

Ability

PersonalityInterest

RightCareerChoice

39

Pathfinder Online Career Assessment Tool

Under our present education system a child has to choose his/her career at a very early age before he/she realizes his/her true potential. It hence becomes a challenge to identify and bring out a child’s potential and even larger issue is that such career decision by and large is irreversible.

Unfortunately most of the children make the career decision without the proper assessment of their potential but under the influence of parents wish, peer pressures or by following the heard! Many times the result is square peg in a round whole, The personal unhappiness and failure to achieve results that come from being a square peg in a round hole is not by any means new.

What we need is the objective assessment tools which help students to discover and develop their true potential and help them choose a career path of their interest.

With the above objective in mind, we at knowledge Academy have launched, the Pathfinder Tool.

• A Computer based assessment of approximate 2 hours

There are 3 Sections:

• Section A: Ability Mapping

• Section B: Interest Mapping

• Section C: Personality Mapping

Each section will have Multiple Choice Questions

• There are no wrong or right answers, report is based on student responses.

No preparation is required to take the test.

Basic knowledge of Computers is required to take the test.

Pathfinder is recommended for all students of standard 9 onwards.

The Pathfinder test is developed by Eduquity Career Technologies (P) ltd. Knowledge Academy is Authorised Testing and Delivery Center of Eduquity Career Technologies (P) Ltd.

3240

Dear Students,

Revision is as important as the course completion and now is the time to revise the matter that you studied throughout the year.

Here are few revision tips for you :

Make a Study Schedule!

1) Make a timetable & strictly follow that.

Establish a consistent time and place to study each day. Look for a place that has minimal distractions and allows you to fully concentrate. Plan exactly what you want to accomplish during the study session prior to the session. Make a list of these tasks and stick to it during the study session.

2) De digitalize!

Mobile phones and computers are the most distracting sources in the revision. So, switch off those mobiles, unplug the computer and submerge yourself in the books for 4 hours. It helps the concentration power.

Revision Tips to help improve your Memory

41

3) The Banana Power!

Eating healthy is essential for your memory and retention power. So, switch to potassium rich foods like banana. Don’t depend too much on tea and coffee.

4) Make the stairs work for you!

A little exercise in between the revision time is good way to take a break. It helps the blood circulation and helps you keep physically fit.

5) Believe in yourself!

Self confidence is the best motivation and it helps you solve even the most difficult questions. Practice & planning will help you gain confidence.

6) Get adequate Sleep!

Sleep helps to relax your mind & a relaxed mind gives better results.

The exam period is a time when stress levels are higher than usual. It becomes a tough period for most of the households and the parents and the students all get into a typical stress. Stress can also be positive, helping you to stay motivated and focused. However, too much stress can be injurious to health. Stress can make you feel overwhelmed, confused, exhausted and edgy. Sometimes even parental pressure and lot of expectations from the child, lead to stress and tension. It is also important for the parents to try and keep things in perspective and find ways of reduce stress if things seem to be getting on top.

We suggest you some simple parenting tips that will help you in getting out of this damaging situation.

During Exams

The following suggests some important tips that you should follow during exams of your children to lower their stress levels.

• Parents should always try to maintain a very cheerful and loving atmosphere in your house.

• A child should always be helped and encouraged to plan a proper study time, breaks and sleep time.

• Always be helpful, concerned, calm and available to your child.

• Nutritious and light meal habits are always to be followed during exams so as to avoid any unwanted ailments.

• Child’s inactions and/or irresponsible behaviors should always be handled in a positive and constructive manner.

Do's Suggested for Parents to Reduce Exam Stress :

3242

• Enquire regarding any support needed and offer your time and expertise for the child to choose.

• Parents should enquire consistently whether the child is alright, in control or feels stressed or bored.

• A child should be relieved of chores in the household or taking up other work. Their focus has to be on studies.

• If the child admits to being stressed; you should remain calm, sympathize and encourage the child to decide on suitable plan of action to distress.

• Enquire about his/her friends in a non-interrogative friendly way during study breaks. Talk and share about other happenings in the news or in the family.

• Encourage and help the child to think about goals after the board exam; plan alternatives of colleges and courses he can study depending on his results such as Plan A, Plan B, Plan C etc. Make all of them sound equally acceptable to you in terms of the choice leading to a happy and successful life.

• Events and activities such as entertaining guests, having house guests, repairs and re-furnishing should always be postpond or managed carefully so that child’s living and study arrangements are least disrupted. Also postpone difficult conflicts for later if possible.

43

3244

EVENTS & HAPPENINGS AT OUR ACADEMY

IGNITE 2012Dance Performance by Students

Cooking Competition

Workshop on ‘Visualization & memory

technique’ by Dr. Jitendra Adhia.

Workshop on ‘How to manage stress during Board Exams’

by Dr. Hansal Bhachech.

Head Office : Heritage Square, Opp. Atlanta Tower, Gulbai Tekra, Ahmedabad - 380015.Call: (079) - 66131802 / 03, 9227 401010 / 3030

ndBaroda Centre: 2 Floor, Patroit Building, Nr. Inox, Race Course Road, Call : (0265) - 6596593 / 94

www.facebook.com/knowledgeacademy.in @KAcademytweets