Careers in Commerce attracting more and more students

Careers in Commerce attracting more and more students

Careers in Commerce attracting more and more students

Gone are the days when the students opted for the commerce stream in +2 only as a second option after the science stream. Also the commerce stream is no longer pursued by only those who are looking at maintaining family business. With the careers options in commerce undergoing a sea change both in terms of options and scope, commerce has become a sought after and popular option among students.

If the student wishes to pursue the commerce degree in India +2 he will have to study subjects like Economics, Accountancy, business Mathematics and Business studies. Commerce is offered in both undergraduate course and postgraduate course.There are several career options that open up for the student after the commerce stream. Charted accountancy, business management, cost and works, accountancy, company secretary, actuarial science, charted financial analyst are some of the fields that are directly to the subjects in the commerce stream.

These days CA aspirants are busy burning their midnight oil preparing for the first hurdle on their way to becoming a charted accountant the CPT. This year the common profiency test or CPT as it commonly called scheduled to be held on December 15th, 2016.

Charted accountancy has always been one of the most popular choices of the student studying commerce. With the rapid growth in the economy, the careers in finances and accounts have gained tremendous popularity. Charted Accountancy the core of all business is dynamic, challenging in and rewarding profession and continuous to attract the large number of aspirants year after the year.

What does the charted accountant do?

As a CA you work will involve compiling, analyzing, verifying and also reporting on the financial affairs of business and individuals. You will be responsible for providing a wide range of advice about the financial control and planning to companies, public bodies and private citizens.

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You may also have to choose to specialize particular aspects of financial management. The number crunching profession offers a wide variety of jobs in any environment, advertising, manufacturing, media, consulting and in all sizes of business and public enterprise.

On becoming a CA

The study route of the student who is interested in pursuing the career in charted accountancy essentially involves 3 main stages enrolling and appearing for the common profience  test, appearing for the clearing  the integrated professional competence course and lastly clearing the CA final examination.

Following is the detailed outline of the stages involved in becoming CA

You are first required to register with the Institute of charted accountants of India for the common profiency test after passing class 10th.

You can then appear for the CPT after appearing for your 10+2 exams i.e. the senior secondary examination. The ICAI conducts CPT twice a year i.e. the months of June and December .However students have to register for these exams before 1st April and 1st October respectively. Students can only appear for CPT after successfully completing the specified period of 60 days from the date of registration.

After the students have successfully cleared their 10+2 exams and CPT, students are then eligible to enroll for group1 or group 2 or both the groups 1 and 2 of Integrated

Professional Competence Course by ICAI.

After enrolling for IPCC, students are then required to successfully complete 1 9 months study course from the date of IPCC registration,

After completing one week orientation course of 35 hours and 100 hour information technology training and clearing IPCC, students are then required to register and also practice as an articled assistant for the 3 yrs.

During their training, the students also need to register and simultaneously prepare for CA final course

During their last 12 months of their training, students have to undergo a general Management and communication skills.

During the last 6 months of their training, students become eligible to appear for the final examination.

After successfully completing GMCS and clearing the CA Final exams, students can then enroll as the member of ICAI and be designated as the charted accountant.

Management studies

The popular choice among the students. In this course you learn how to manage a business professionally and can opt for a degree or diploma in management. Students who are take up management as the career option after class 12th can opt for BBA, BBS or BBM. These courses are typically of 3 yrs duration where the students are shaped to meet the industry standards in the field they wish to specialize in.

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You will be responsible for providing a wide range of advice about the financial control and planning to companies, public bodies and private citizens. You may also have to choose to specialize particular aspects of financial management. The number crunching profession offers a wide variety of jobs in any environment, advertising, manufacturing, media, consulting and in all sizes of business and public enterprise.

On becoming a CA

The study route of the student who is interested in pursuing the career in charted accountancy essentially involves 3 main stages enrolling and appearing for the common profience  test, appearing for the clearing  the integrated professional competence course and lastly clearing the CA final examination.

Following is the detailed outline of the stages involved in becoming CA

You are first required to register with the Institute of charted accountants of India for the common profiency test after passing class 10th.

You can then appear for the CPT after appearing for your 10+2 exams i.e. the senior secondary examination. The ICAI conducts CPT twice a year i.e. the months of June and December .However students have to register for these exams before 1st April and 1st October respectively. Students can only appear for CPT after successfully completing the specified period of 60 days from the date of registration.

After the students have successfully cleared their 10+2 exams and CPT, students are then eligible to enroll for group1 or group 2 or both the groups 1 and 2 of Integrated

Professional Competence Course by ICAI.

After enrolling for IPCC, students are then required to successfully complete 1 9 months study course from the date of IPCC registration,

After completing one week orientation course of 35 hours and 100 hour information technology training and clearing IPCC, students are then required to register and also practice as an articled assistant for the 3 yrs.

During their training, the students also need to register and simultaneously prepare for CA final course

During their last 12 months of their training, students have to undergo a general Management and communication skills.

During the last 6 months of their training, students become eligible to appear for the final examination.

After successfully completing GMCS and clearing the CA Final exams, students can then enroll as the member of ICAI and be designated as the charted accountant.

Management studies

The popular choice among the students. In this course you learn how to manage a business professionally and can opt for a degree or diploma in management. Students who are take up management as the career option after class 12th can opt for BBA, BBS or BBM. These courses are typically of 3 yrs duration where the students are shaped to meet the industry standards in the field they wish to specialize in. After the graduation you may also opt for an MBA degree in the specialized field.

Company secretary is another interesting career option that will require you to deal with aspects of management which relate to the company as legal entity. Interested students can apply for the 3 year company secretary course after passing the 10+2 examination.

Chartered Financial Analyst: The chief responsibility of charted financial analyst is to manage in the areas of financial accounting, management accounting, financial management, Investment management, security evaluation, project planning, venture capital management and credit rating. This is 3 yrs course that can be pursued after graduation.

In addition the student from the commerce stream always has the option to pursue careers in any of the non -science fields such as designing, hospitality and tourism, mass media and journalism, law, advertising, civil services etc.

You can then appear for the CPT after appearing for your 10+2 exams i.e. the senior secondary examination. The ICAI conducts CPT twice a year i.e. in the months of June and December. However the students can only appear for CPT after successfully.

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Comments

0 # Himmat 2019-10-10
hii, I am from Hamirpur, plz tell me what are the graduation options I can do in "medical field"
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0 # Shruti 2019-10-11
Hello, good to see that you are from Hamirpur, in medical field, you can do MBBS, BDS, BHMS, BAMS, etc.
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0 # Nishith 2019-09-29
Hello, I am from Modinagar, want to know How to get admission to MBBS at JIPMER
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0 # Shruti 2019-09-30
For getting admission, you should go through online entrance test known as JIPMER MBBS, after clearing this you can get admission in this institute, you can also find other good MBBS institutes of Modinagar-Medical in Modinagar
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0 # Rohan 2019-09-05
Is there any entrance test for B. Ed course, can you plz suggest good colleges in Junagadh
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0 # Jagan 2019-09-06
Different states in India conduct different entrance exam for admission in this course, These entrance tests generally test the language & proficiency, subject knowledge, reasoning and general awareness and teaching proficiency of applicants, find the list of B.Ed college in Junagadh-B.Ed in Junagadh
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0 # Vaibhav 2019-08-15
Hello, I am from Deoghar, want to know How to get admission to MBBS at JIPMER
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0 # Pallavi 2019-08-16
For getting admission, you should go through online entrance test known as JIPMER MBBS, after clearing this you can get admission in this institute, you can also find other good MBBS institutes of Deoghar-Medical in Deoghar
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0 # Aarav 2019-07-19
I have secured 55% marks in 12th ,I think its too low to get admission in any good engineering college in Rewari,If you know about it please suggest me
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0 # Mukesh 2019-07-20
yes, your percentage is very low, I will not suggest that you should choose engineering as a career, but still you want to do engineering you can try for private college in Rewari, they will admit you.
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0 # Vivaan Older than three months
Is there any age restriction applicable to apply to the B. Ed course, plz suggest good b.ed colleges in Pratapgarh as well
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0 # Mukesh Older than three months
Most NCTE recognized institutions from across the country require that applicants must have completed at least 18 years of age in the year of admission, some b.ed colleges in Pratapgarh are Saraswati Vidya Mandir Science & Technology Mahavidyalaya, Lalganj, Pratapgarh ; Pratap Bahadur P G College - Pratapgarh ; Badri Narain Singh Mahavidyalaya, Sakrauli, Madupur, Pratapgarh ; Kripalu Mahila Mahavidyalaya
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0 # Vivaan Older than three months
Hi, I want to know the type of questions asked in CAT Written test, also tell me is there any good MBA college in Faizabad
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0 # Mukesh Older than three months
There are three type of questions in CAT exam i.e. quantitative aptitude, data interpretation and verbal and reading comprehension, there are various MBA colleges in Faizabad- JS Institute of Management and Technology
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0 # Nishith Older than three months
Hello Sir, May I know the specialisation in MBA and also suggest some good B-Schools in Cuttack ?
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0 # Jagan Older than three months
There are various specialisation in MBA i.e. Marketing, Finance, Human Resource, etc, find some good MBA colleges Sri Sri University ; Sikkim Manipal University - Cuttack ; Centum Learning Limited - Cuttack ; Abit-Jrd Tata Institute Of Management
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0 # Lakshay Older than three months
Hi, I want to know the type of questions asked in CAT Written test, also tell me is there any good MBA college in Ghazipur
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0 # Pallavi Older than three months
There are three type of questions in CAT exam i.e. quantitative aptitude, data interpretation and verbal and reading comprehension, there are various MBA colleges in Ghazipur- Sikkim Manipal University - Ghazipur
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0 # Nishith Older than three months
Hello, i want to get admission in best B.tech college in Jamui, Also suggest me about the Various streams of B.tech
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0 # Shruti Older than three months
Hello Sir, Thankyou for your comment. Please visit Engineering in Jamui for best B.tech colleges in Jamui, Hope you will get best college from the list, Also various major streams in B.tech are Electrical, Electronics, Mechanical, Civil, Computer Science etc.
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