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PresentingOpportunities we have
By – Akhilesh Shukla
Why it’s IMP deciding NOW !
Ur at the start of ur journey Lot’s of alternative ( CA , CS , CWA ) Each alternative compete with each other Identifying ur attributes and requirement of ur Goal Imbalance between expectations urs/parents/Friends/Relative.
Let me Show u what we have
GOT !
Popular Career Options
1. CA
2. CS
3. CWA
4. CFA
5. CPA
6. IFRS
7. ACTUARY
Most popular course in commerce fields Accounting, auditing and taxation are the
core areas dealt by chartered accountants. They are also capable of expert level
services in the areas of General Management, Personnel Management, Financial Management, Operations Management, HR Management
Average Income Fresher – 6-7 Lakhs
1.CHARTEREDACCONTANT
Stages in CA
CommonProficiency
TestIntegrated Professional
Competence Course (IPCC)
Final
4 subjects-2 papers 9 subjects
4 papers- group I3 papers- group II
Articleship + ITT
100 hours of IT training
+Apprenticeship
Under a practicingCA for 3 years
+GMCS I
Stipend – 1-15K
8 subjects4 papers- group I4 papers- group II
Tuition Cost – 70-100K
CompulsoryGMC courseDuring/ after
Finals• Academic Qualification- 10+2 or
equivalent as recognised by ICAI
Course Structure
2 Month – June6 Month - Nov
Tuition Cost –20-25K
CPT results – 1 MonthsDuration – 9-10 MonthsTuition Cost – 45-65K
Subjects
Session IISession I
Mercantile Laws(40 Marks)
FundamentalsOf Accounting
(60 Marks)
QuantitativeAptitude
(50 Marks)
GeneralEconomics(50 Marks)
• Pass Mark : Aggregate – 50% & Minimum-30%(Every Sub)• Negative marking : ¼ per question (Each question 1 mark & Total Question 200 )
• Each Exam session : 2Hrs • Failed : Reappear for exam no limit for no of attempts.
Subjects in IPCC
Group IIGroup I
Law, Ethics and
Communication
AdvancedAccounting(100 Marks)
IT and StrategicDevelopment
Auditing and Assurance
(100 Marks)
InformationTechnology(50 Marks)
StrategicManagement(50 Marks)
BusinessCommunications
(20 Marks)
Business Ethics(20 Marks)
Law(60 marks)
Cost AccountingAnd FinancialManagement
Cost Accounting(50 Marks)
FinancialManagement(50 Marks)
TaxationIDT
(50 Marks)
Income Tax(50 Marks)
Subjects in Finals
Group I Group II
Corporate &Allied Laws
Company Law
(70 Marks)
StrategicFinancial
Management(100 Marks)
FinancialReporting
(100 Marks)
Allied Laws(30 Marks)
AdvancedAuditing andProfessional
Ethics(100 Marks)
AdvancedManagementAccounting(100 Marks)
InformationSystemsControl &
Audit(100 Marks)
Direct TaxLaws
(100 Marks)
IndirectTax
Laws
CentralExcise
(40 Marks)
Service TaxAnd VAT
(40 Marks)
Customs(20 Marks)
Details about IPCC / Final
IPCC 50% Aggregate 40% Individual passing each subject Results of each group evaluated separately After Clearing 1St group one can start
articleship Attempting both group can benefit excess
marks setoff from one group to another to cover aggregate passing
Final Only after completion of 2.5Yrs of articleship
& both group of IPCC 50% Aggregate 40% Individual passing each subject Results of each group evaluated separately
2. Company Secretary
A CS is a person who is:- 1. An expert in corporate laws, securities
laws & capital market and corporate governance.
2. Chief advisor to the board of directors on best practices in corporate governance.
3. Responsible for all regulatory compliances of company.
4. Corporate planner and strategic manager.
5. Average Fresher Income 5-6 Lakhs
Stages in CS
ProfessionalFoundation Executive
Eligibility:- 10+2 or equivalent Provisional admission is allowed to a candidate who has appeared or enrolled for appearing in
Senior Secondary (10+2 or equivalent) examination , provided proof of passing the examination is produced within 6 months of making the application.
Admission- Making an application in the prescribed Form FC-1 together with documentary evidence in support of date of birth and educational qualification.
Duration- 8 months, excluding the months of admission and the examination. # Students are required to pass the Foundation examination within 3 years from the date of their
admission
Exemption:- Pass in the Final examination of the ICWAI or ICAI or any other Accountancy Institution in India or
abroad recognized by the Council. A degree or master's degree in any discipline other than Fine Arts.
Foundation Programme
FoundationSubjects
Elements ofBusiness Laws
And Management
EconomicsAnd
Statistics
FinancialAccounting(100 Marks)
BusinessCommunication
(50 Marks)English
(50 Marks)Statistics
(50 Marks)Economics(50 Marks)
Elements ofBusiness
Laws(50 Marks)
Elements ofManagement(50 Marks)
English andBusiness
Communication
Registration Period:-1. Five years from the month in which his application, complete in all respects, is accepted for
registration. 2. A registered student is required to complete the Executive and the Professional examination
within the registration period. 3. All papers – 100 Marks
Subjects
Module IIModule I
General & Commercial Laws
Company Accounts and Cost & Management Accounting
Tax Laws
Company Law
Economic And Labour Laws
Securities Laws and Compliances
Executive Programme
Professional Programme
Subjects
Module IVModule II Module IIIModule I
Drafting, Appearances
&Pleadings
Company Secretarial
Practice
RestructuringAnd
Insolvency
Financial, Treasury
&Forex
Management
Advanced Tax Laws and
PracticeModule
Strategic Management,Alliances andInternational
Trade
Due Diligence
&Corporate
Compliance Management
Governance, Business
EthicsAnd
Sustainability
Eligibility- Passing the Executive Programme examination. All Papers – 100 Marks
3.Cost and
Work Accountant
A cost accountant ensure that managerial decisions are well within the cost prescriptions. He is expected to give a prognosis for projects to be undertaken based on past and present financial performances
Manufacturing industries are main focus Average Fresher Income – 5-6 Lakhs
Stages in CWA
FoundationCourse
FinalCourse
IntermediateCourse
Foundation Subjects
FinancialAccounting
Fundamentals(100 Marks)
Management(70 Marks)
Organisation(30 Marks)
Organisation &ManagementFundamentals
Economics &Business
Fundamentals
Economics(50 Marks)
BusinessFundamentals
(50 Marks)
Basic Mathematics& Statistics
Fundamentals
Arithmetic(15 Marks)
Mensuration(30 Marks)
Algebra(25 Marks)
ElementaryStatistics
(30 Marks)
Pass percentage- Minimum of 40% in each paper and an aggregate of 50% in all the papers together.
Intermediate Subjects
Applied DirectTaxation
(100 Marks)
Financial Accounting(100 Marks)
Commercial &Industrial Laws
& Auditing
Commercial &Industrial Law
(50 Marks)
Auditing(50 Marks)
Cost & ManagementAccounting(100 Marks)
AppliedIndirectTaxes
(100 Marks)
OperationManagement(50 Marks)
OperationManagement& Information
Systems
InformationSystems
(50 Marks)
Group IIGroup I
Final Subjects
Strategic TaxManagement(100 Marks)
AdvancedFinancial
ManagementAnd
International Finance
(100 Marks)
Operations &Project
ManagementAnd Control
OperationsManagement(50 Marks)
ManagementAccounting-
DecisionMaking
(100 Marks)
ManagementAccounting-
FinancialStrategy &Reporting
(100 Marks)
Cost Audit(50 Marks)
Cost andManagement
Audit
ManagementAudit
(50 Marks)
Group IVGroup III
ProjectManagement(50 Marks)
StrategicManagement
And Marketing(100 Marks)
ValuationManagement &
Case Study
ValuationsAnd
Management(70 Marks)
Case Study(30 Marks)
4.Actuary
In one of the highest paid jobs in the world One of the toughest exam in the world India have only 250 of them Risk advisor & forecasting expert Insurance companies, Assets management
companies etc can be seen Average Fresher income
Student with CT & CA – 6-7Lakhs
Actuary – 10-15Lakhs
Eligibility Criteria An actuary is an expert in assessing the financial impacts of tomorrow’s uncertain events. They enable
more informed decisions. Eligibility :-
1. Should have completed 18 years of age
2. Should have attained anyone of the following Educational Standards- Passed 10+2 or equivalent with at least 85% in Mathematics / Statistics + ACET Graduate or Post Graduate in Mathematics/Stats/Econometrics Any Engineer / CA / CS / MBA (Finance) / MCA/CWA/CFA The Insurance Institute of India (III) passing with subjects 81- mathematical Basis of Insurance and 82-
Statistics. Salary- Rs.7 Lacs – 70 Lacs Per Annum
Stages Of Examination
Core ApplicationStage
Specialist TechnicalStage
Core Technical Stage
Specialist ApplicationStage
Core Technical Stage- 8 compulsory papers (CT1-CT8) with one paper of 100 marks
Core Application Stage- 2 compulsory subjects (CA 1 to CA3), CA1 consists of two papers whereas CA2 and CA3 shall have one paper each.
Specialist Technical Stage- 6 papers (ST1 to ST6) and the students have to choose any two.
Specialist Application Stage- 6 papers (SA1 to SA6) and the student has to clear any one.
How to Get it…
I. Institute of Actuaries of India (IAI) & Institute of Actuaries of UKII. For details visit www.actuariesindia.org & www.actuaries.org.uk III. Exams center for actuaries UK available in India only IV. Actuary UK Globally recognized but cost is 3 times more..!V. Duration 6-10 Years
Fee Structure :-1. One time admission fee - 15002. Annual membership fee- Rs 750/-3. ACET – Rs 30004. Per Subject Exam Fee – 2000-4500(Varies)5. Compulsory study material – 2500/- each
Where Actuary Actually Work ?1.Insurance companies [Life, General, Health]2.Consultant3.Academics4.Authorities like IRDA, PFRDA & TAC.5.Risk Management Management Companies6.Large banks and Investment Firms like World Bank, ADB, etc.7.Pension Banks and Employee Benefit Companies8.Large Capital Project Handling Companies9.Software Development Companies10.Actuarial BPO Companies
5.Certified
Public Accountant
USA’s Chartered Accountants Global recognition/High demand Short period & High success rate But costlier than CA as exams are only
conducted in USA/Dubai Only one stage 4 papers but need regular
college up to master’s Average Fresher Income – 7-8Lakhs CA + CPA – 10-15Lakhs
Subjects
2.Financial
Accounting and
Reporting (FAR)3Hrs
3.Regulation
(REG)2.5Hrs
1.Auditing
and Attestation
(AUD)4.5Hrs
4.Business
Environment Concepts
(BEC)4Hrs
Few More opportunities
1. Hotel management
2. BANKER (IBPS)
3. KPO/ BPO
4. Economist
5. Broker
6. Forex Dealer
7. Investment Banker
8. Analysts
9. PROFESSOR/ TUITOR
10. TAX CONSULTANT
1. WTO
2. World Bank
3. WHO
4. IMF
5. RBI
6. SEBI
7. Department of Commerce
8. UPSC(Revenue officer)
9. Sales tax officer(MPPSC)
10. FRM
11. MANAGER
Few More interesting Fields
1. FORENSIC ACCOUNTANT
2. CERTIFIED FRAUD EXAMINER
3. ENFORCEMENT DIRECTORATE
4. ECONOMIC OFFENCE WING
5. SERIOUS FRAUD INVESTIGATION OFFICE
Ambitions VS Reality
BEST JOB = UR PASSIONS Before choosing a career take time to Understand Your self , Preferences , Likes , Ability Find where you are and where you want to be
Some point’s to remember
• Many of you are may be frustrated thinking of your past.• I want you all to just take deep breathe & remined yourself that everything in the past was
perfect it was your destiny • Best day to begin is today• You can’t hire someone else to do your push ups for you• Make commitment - Targets
Don’t be frustrated if you can’t achieve them at firstSuccess need 1) Time 2)Efforts 3)Perseverance 4)Patience
• You may face situation where you feel whether you are making progress or not but as I told you earlier success need patience
• To judge your success compare your past with your present
Some point’s to remember
• Only person can save yourself is you • Be responsible – if you keep blaming some else for your failure you will always be a looser• Avoid excuses - because they are responsible for 99% of your failure• You have control over only three things
1)Thoughts 2)Imagination 3)ActionStart using them stop looking for answers outside yourself for why you havn’t done something for your life look inside and start creating them
Dream
Dream BIG !Feel it..Believe it…Achieve it….
Questions & SuggestionsAre welcomed contact- [email protected]
ThankYou
Disclaimer – The information mentioned are extracted from the respective sites and slideshare and upto date as on today – 14-08-2015