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
 F2: Management Accounting
 F3: Financial Accounting Skills
 F4: Corporate and Business Law
 F5: Performance Management
 F6: Taxation
 F7: Financial Reporting
 F8: Audit & Assurance
 F9: Financial Management
F1 to F7 are CBE
Essentials
 P1: Governance, Risk, and Ethics
 P2: Corporate Reporting (The UK or
International)
 P3: Business Analysis
Options( Choose any 2 from 4 )
 P4: Advanced Financial Management
 P5: Advanced Performance
Management
 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
 External Financial Reporting Decisions
(15%)
 Planning, Budgeting and Forecasting
(30%)
 Performance Management (20%)
 Cost Management (20%)
 Internal Controls (15%)
PART 2
 Financial Statement Analysis (25%)
 Corporate Finance (20%)
 Decision Analysis (20%)
 Risk Management (10%)
 Investment Decisions (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
Paper – 5 Financial Accounting
Paper – 6 Laws & Ethics
Paper – 7 Direct Taxation
Paper – 8 Cost Accounting
Group 3
Paper – 9 Operations Management &
Strategic Management
Paper – 10 Cost & Management
Accounting and Financial Management
Paper – 11 Indirect Taxation
Paper – 12 Company Accounts & Audit
Final
Paper – 13 Corporate Laws & Compliance
Paper – 14 Strategic Financial Management
Paper – 15 Strategic Cost Management – Decision
Making
Paper – 16 Direct Tax Laws and International Taxation
Group 4
Paper – 17 Corporate Financial Reporting
Paper – 18 Indirect Tax Laws & Practice
Paper – 19 Cost & Management Audit
Paper – 20 Strategic Performance Management and
Business Valuation.
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
 Paper 1: Accounting (100 Marks)
 Paper 2: Corporate Laws & Other Laws (100 Marks)
Part I: Corporate Laws (60 Marks)
Part II: Other Laws (40 Marks)
 Paper 3: Cost and Management Accounting (100 Marks)
 Paper 4: Taxation (100 Marks)
Section A: Income Tax Law (60 Marks)
Section B: Indirect Tax Laws (40 Marks)
Group II
 Paper 5: Advanced Accounting (100 Marks)
 Paper 6: Auditing and Assurance (100 Marks)
 Paper 7: Enterprise Information System &
Strategic Management (100 Marks)
Section A: Enterprise Information System (50 Marks)
Section B: Strategic Management (50 Marks)
 Paper 8: Financial Management & Economics
for Finance (100 Marks)
Section A: Financial Management (60 Marks)
Section B: Economics for Finance (40 Marks)
CA Final
 Group I
1: Financial Reporting (100
 Performance Evaluation (100 Marks)
Marks)
 2: Strategic Financial
Management (100 Marks)
 3: Advanced Auditing and
Professional Ethics (100
Marks)
 4: Corporate Laws and
other Economic Laws (100
Marks)
 Group II
5: Strategic Cost Management and

 6: Elective Paper (100 Marks) (One to be
chosen from the list of Elective Papers)
 Risk Management
 International Taxation
 Economic Laws
Financial Services & Capital Markets

Global Financial Reporting Standards

Multidisciplinary Case Study

 7: Direct Tax Laws (70 Marks) & International
Taxation (30 Marks)
 Part I: Direct Tax Laws (70 Marks)
 Part II: International Taxation (30 Marks)
 8: Advanced Indirect Tax Laws (100 Marks)
THANKS