What are the top accounting and finance professional courses in India ?
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ToggleAccounting courses in 2021
With the increasing demand from the accounting industry, there is a huge transformation in the way an individual is trained for the corporate environment.
“Accounting is an art of recording, classifying and summarizing in a significant manner and in terms of money event and transaction which are at least of financial character and interpreting the result thereof”
As per the American institute of certified public accountant”
Why do Accounting courses?
With the increasing demand from the accounting industry, there is a huge transformation in the way an individual is trained for the corporate environment.
There are many different types of accounting degrees, with undergraduate-level titles such as Bachelor of Accountancy & Bachelors in Accounting. The specialized; Bachelor of Accountancy in the US is often the only undergraduate degree recognized in the country for subsequent practice as a professional accountant in that respect, it works as a first professional degree
Chartered Accountant
Chartered accountants are equivalent to certified public accountants in the United States. They receive their graduate school education overseas and can work in many different settings around the world. Chartered accountants provide clients with consultation on tax, accounting and auditing activities.
Required Education | Graduation from a two-year chartered accountant program overseas after receiving a bachelor’s degree |
Other Requirements | Licensure depending on the country |
Projected Job Growth (2019-2029) | 4% (for accountants and auditors) |
Median Salary (2021) | $80,000** (for chartered accountant)* |
Chartered Accountant Education Requirements
Educational programs for prospective chartered accountants are not available in the United States. The corresponding role is certified public accountant (CPA). Those interested in becoming chartered accountants should first obtain a bachelor’s degree in accounting or a related subject. They must then seek out a chartered accountant program in a country such as England, Canada or Australia. Most chartered accounting programs last two years and are considered post-graduate programs. They sometimes require prior work experience in accounting, in addition to a relevant undergraduate-level degree.
Cost Accountant
A Cost Accountant examines reviews and prepares final documents. They are even specialized in managing all financial aspects of a business. Cost Accountants are associated with Supply chains and profitability analysis.
Required Education | Graduation in any stream preferably Accountancy and Finance |
Courses to Become a Cost Accountant
CMA
Their CMA course is conducted in three levels as CMA Foundation, CMA Intermediate and CMA Final. Admissions in CMA can be done directly to Intermediate courses if the candidate is a graduate. If the candidate is a school pass out that is 10+2 pass out then they can take admission in the foundation course. CMA exams are conducted twice a year mainly in June and December.
Level Name | Eligibility | Course Fee |
CMA Foundation | Candidates must have qualified 10+2 Graduates can directly apply for CMA Intermediate. | 4000 |
CMA Intermediate | Students must have passed 10+2 They must have completed CMA Foundation Course Candidates who have qualified ICSI Foundation or ICAI Intermediate can apply for this course Applicants will have to complete CSS for 3 days and Computer Training for 100 hours | 20,000 |
CMA Final | Candidates who have passed CMA intermediate can apply | 17,000 |
CFA
- A Chartered Financial Analyst (CFA®) charter is a designation given to those who have completed the CFA® Program and completed acceptable work experience requirements.
The CFA Program is a three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, and wealth planning. The CFA Program is typically completed by those with backgrounds in finance, accounting, economics, or business. CFA charterholders earn the right to use the CFA designation after program completion, application, and acceptance by CFA Institute. CFA charterholders are qualified to work in senior and executive positions in investment management, risk management, asset management, and more.
Eligibility Requirements for CFA exam
You can take the exam as long as you :
- Have a bachelor’s (or equivalent) degree, or be in the final year of your bachelor’s degree at the time of registration, or have four years of qualified, professional work experience or a combination of work/college experience that totals four years
- Meet the professional conduct admission criteria
- Can take the exams in English
- Have a valid international travel passport
CFA Level 1 topics and their weightage
- The Level I study program emphasizes tools, inputs and includes an introduction to asset valuation, financial reporting and analysis, and portfolio management techniques.
- Ethical and Professional Standards-15%, Quantitative Methods-12%, Economics-10%, Financial Reporting and Anlaysis-20%, Corporate Finance-8%, Portfolio Management-5%, Equity-10%, Fixed Income-12%, Derivatives-5%, Alternative Investments- 3%.
CFA Level 1 Exam Format
- Level 1 Exam is 3 hours long and is divided into morning and afternoon sessions
240 total multiple-choice questions, 120 in the morning session of the exam and 120 in the afternoon session. Each multiple-choice question is free-standing (not dependent on other questions) and has three possible answers: A, B, and C. All questions are equally weighted and there is no penalty for guessing
Level 1 can be taken in June and December