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Importance of commerce

education
High demand for commerce

 Globalisation
 Technological explosion
High demand for commerce
education
 High job opportunity
 High social status
 Low cost of education
 Pervasiveness
Traditional path

 Plus two- B.com- M.com-psc –ssc –job


 Plus two-BBA-MBA-Job –CAT, MAT, CMAT
 Plus two- B.com (LLB)-5years
 Plus two –B.com (hotel management)
 Plus two- B.com (Tourism )-MTA
 Plus two – B.com ( Foreign Trade)
 Plus two – B.com (logistics)
 B.com(co-operation)(retail management)
(e commerce)(marketing)(actuarial management)
(insurance)(banking)
Commerce as a
career
ACCA

 Association of Chartered Certified Accountants


Duration – 2/3 years 2 years study 1 year internship
Candidate can attend maximum 4 papers at a time
Fee: 4 to 6 lakhs
Salary : Minimum 10 lakhs per year
Eligibility: Minimum +2 (commerce -50% others -65%)
 F1: Accountant in Business Essentials
 F2: Management Accounting
 P1: Governance, Risk, and Ethics
 F3: Financial Accounting Skills
 P2: Corporate Reporting (The UK or
 F4: Corporate and Business Law International)
 F5: Performance Management  P3: Business Analysis

 F6: Taxation Options( Choose any 2 from 4 )

 F7: Financial Reporting


 P4: Advanced Financial Management
 F8: Audit & Assurance
 P5: Advanced Performance
 F9: Financial Management Management
F1 to F7 are CBE  P6: Advanced Taxation
 P7: Advanced Audit & Assurance (The
UK or International
Qualification Exam Required Duration
12 14 exams 3 years
Commerce 10 Exams( F1, F2, F3, F4 2.5 years
graduate exempted)
IPCC 9 Exams (F1,F2,F3,F6,F8 2 years
exempted)
B.Com +IPCC 8 Exams(F1,F2,F3,F4, F6,F8 1 year
exempted)
CMA (US)

 IMA (Institute of Management Accountants), US


 Globally recognised
 Course duration- 6 months
 Fee- 120000( Examination + Training)
 Duration – 6 months
 Expected salary –around 200000 p.m
 2 papers only
 Part 1: Financial Reporting, Planning, Performance, and Control (4
hours – 100 multiple-choice questions and two 30-minute essay
questions)
 Part 2: Financial Decision Making (4 hours – 100 multiple-choice
questions and two 30-minute essay questions)
PART 1 PART 2
 External Financial Reporting Decisions  Financial Statement Analysis (25%)
(15%)
 Corporate Finance (20%)
 Planning, Budgeting and Forecasting
(30%)  Decision Analysis (20%)
 Performance Management (20%)  Risk Management (10%)
 Cost Management (20%)  Investment Decisions (15%)
 Internal Controls (15%)  Professional Ethics (10%)

Duration Duration
 4 hours  4 hours

Marks Marks
 500 (passing percentage 72%)  500 (passing percentage 72%)
Chartered Institute of Management
Accountants – CIMA UK
 Global recognition
 Duration- 3 years
 Fee- 2 lakh
 Salary -10 lakh p.a
Chartered Institute of Management
Accountants – CIMA UK
Qualification Exams Duration

12th passed 13 Exams 3 years

Graduate from non- 13 Exams 3 years


commerce stream
Commerce graduate 9 Exams 2 years to 2. 5 years

CA/MBA/CMA 3 Exams 1 year


Level Papers Duration /certificate

Entry Level BA1: Fundamentals of Business Duration: 6 months


Course Pathway Economics
BA2: Fundamentals of
Award: Certificate in Business
Accounting
Management Accounting
BA3: Fundamentals of Financial
Accounting
BA4: Fundamentals of Ethics,
Corporate Governance and
Business Law
Operational Level E1: Organizational Management 6 months
P1: Management Accounting Diploma in Management
F1:Financial Reporting and Accounting
Taxation
Operational Case Study Exam
Managerial Level E2: Project and Relationship Advance Diploma in
Management Management Accounting
P2:Advanced Management
Accounting
F2: Advanced Financial Reporting
Managerial Case Study Exam
Strategic Level E3: Strategic Management Award: CIMA Membership
P3: Risk Management 3 years practical experience
F3: Financial Strategy
CMA (INDIA)

 Courses offered by ICAI-CMA


 Cost & Management Accountants (CMAs)-Main course
Other Certification and Diploma Courses
Certificate in Accounting Technicians (CAT)
Certificate in IFRS Convergence
Diploma in Management Accountancy (Dip.MA)
Diploma in System Audit and Control
Diploma in Business valuation
Diploma in Internal Audit
CMA India

 Three levels :
 Foundation
 Intermediate and
 Final examinations and three years of practical training
Examinations are held twice a year in June and December
LEVEL Fee Fee

Postal Oral
Foundation 3500/ 3500/

Intermediate 15700/- 19700

Final 11500 16500


Intermediate Final

Paper – 5 Financial Accounting Paper – 13 Corporate Laws & Compliance


Paper – 6 Laws & Ethics Paper – 14 Strategic Financial Management
Paper – 7 Direct Taxation Paper – 15 Strategic Cost Management – Decision
Paper – 8 Cost Accounting Making
Paper – 16 Direct Tax Laws and International Taxation

Group 3 Group 4

Paper – 9 Operations Management & Paper – 17 Corporate Financial Reporting


Strategic Management Paper – 18 Indirect Tax Laws & Practice
Paper – 10 Cost & Management Paper – 19 Cost & Management Audit
Accounting and Financial Management Paper – 20 Strategic Performance Management and
Paper – 11 Indirect Taxation Business Valuation.
Paper – 12 Company Accounts & Audit
CS
Level Fee + 1200 examination

CS Foundation Rs.4500/
 Duration- 2/3 years Programme
 Recognition – India CS Executive Rs.9000/- for Commerce
Programme Graduates
 Salary – 5 lakhs to 8 lakhs
Rs 12,500/- for CPT passed of
ICAI / Foundation passed of
ICAI-CMA
Rs 10,000/- for Non
Commerce Students
Rs 8,500/- for CS Foundation
 Examination –June/ December passed students
 Level -3 Foundation, ExecutiveCSand Professional
Professional Rs.12,000/-
Programme
Executive Executive
 Module I(4papers) Module II (4 papers)
5. CORPORATE & MANAGEMENT
ACCOUNTING
 1. JURISPRUDENCE, INTERPRETATION
& GENERAL LAWS
6.SECURITIES LAWS & CAPITAL MARKETS
 2. COMPANY LAW
7.ECONOMIC, BUSINESS AND
COMMERCIAL LAWS
 3. SETTING UP OF BUSINESS ENTITIES
AND CLOSURE
8. FINANCIAL AND STRATEGIC
MANAGEMENT
 4. TAX LAWS
Professional 3 modules

MODULE 1  MODULE 2

1. GOVERNANCE, RISK  4. SECRETARIAL AUDIT


MANAGEMENT, COMPLIANCES AND
ETHICS
 5. CORPORATE RESTRUCTURING

2. ADVANCED TAX LAWS


 6. RESOLUTION OF CORPORATE
DISPUTES
3. DRAFTING, PLEADINGS AND
APPEARANCES
 9 ELECTIVES 1 OUT OF BELOW 8 SUBJECTS (THE EXAMINATION
MODULE 3 FOR THIS PAPER WILL BE OPEN BOOK EXAMINATION)

 9.1. BANKING LAW AND PRACTICE


7.CORPORATE FUNDING & LISTINGS
IN STOCK EXCHANGES  9.2. INSURANCE LAW AND PRACTICE

 9.3. INTELLECTUAL PROPERTY RIGHTS– LAWS AND PRACTICES


8. MULTIDISCIPLINARY CASE STUDIES
 9.4. FORENSIC AUDIT

 9.5. DIRECT TAX LAW & PRACTICE


 9.6 LABOUR LAWS & PRACTICE

 9.7 VALUATIONS & BUSINESS MODELLING

 9.8 INSOLVENCY – LAW AND PRACTICE


CA -CPT

Enrol for Common Proficiency Test (CPT after passing Class 10 examination.
 This is entry level test for Chartered Accountancy Course from Higher secondary
level..
 It is a Multiple Choice Question-type exam, for 200 Marks, with 1 Mark for a
correct answer and 0.25 negative mark fora wrong answer.
 Student needs to score 30% marks in each subject and 50% of total marks to
pass CPT exam.
 The test is divided into two sessions of two hours each
Section A - Fundamentals of Accounting Section B - Mercantile Laws
Section C - General Economics Section D - Quantitative Aptitude.
CA
Duration-2/3 years
Eligibility- A minimum of 55% score is required for graduates/post graduates
in commerce whereas other graduates or post graduates require a
minimum of 60% to apply for CA.

CPT IPCC Final


Registration fees :- Rs. Registration Fees :- Rs.
9000 Registration Fees :- Rs. 22000
15000
Subscription to Exam Fees :- Rs. 3300
students Journal :- Rs. Registration as a
200 article trainee :- Rs.
1000
Subscription to
Member’s Journal :-Rs. Exam Fees :- Rs. 2700
400
IPCC-Integrated Professional
Competency Course
Group I Group II

 Paper 1: Accounting (100 Marks)  Paper 5: Advanced Accounting (100 Marks)


 Paper 2: Corporate Laws & Other Laws (100 Marks)  Paper 6: Auditing and Assurance (100 Marks)
Part I: Corporate Laws (60 Marks)  Paper 7: Enterprise Information System &
Part II: Other Laws (40 Marks) Strategic Management (100 Marks)
 Paper 3: Cost and Management Accounting (100 Marks) Section A: Enterprise Information System (50 Marks)
 Paper 4: Taxation (100 Marks) Section B: Strategic Management (50 Marks)
Section A: Income Tax Law (60 Marks)  Paper 8: Financial Management & Economics
Section B: Indirect Tax Laws (40 Marks) for Finance (100 Marks)
Section A: Financial Management (60 Marks)
Section B: Economics for Finance (40 Marks)
CA Final
 Group I  Group II
5: Strategic Cost Management and
1: Financial Reporting (100

 Performance Evaluation (100 Marks)
Marks)  6: Elective Paper (100 Marks) (One to be
chosen from the list of Elective Papers)
 2: Strategic Financial
 Risk Management
Management (100 Marks)  International Taxation
 Economic Laws
Financial Services & Capital Markets
 3: Advanced Auditing and 

Global Financial Reporting Standards


Professional Ethics (100 

Multidisciplinary Case Study


Marks) 

 7: Direct Tax Laws (70 Marks) & International


Taxation (30 Marks)
 Part I: Direct Tax Laws (70 Marks)
 4: Corporate Laws and
 Part II: International Taxation (30 Marks)
other Economic Laws (100  8: Advanced Indirect Tax Laws (100 Marks)
Marks)
THANKS