opportunitiesforcommercestudents-150814061752-lva1-app6892 (1).pptx

opportunities for commerce students after 12th

1. Career after B com

2. Wh y it’ s IM P d e ciding NO W ! ▶ Ur at the start of ur journey ▶ Lot ’ s of alt e rnative ( C A , C S , C W A ) ▶ Each alternative compete with each other ▶ Identifying ur attributes and requirement of ur Goal ▶ Imbalance between expectations urs/parents/Friends/Relative.

3. Let me Show u what we have GOT !

4. Popular Career Options CA CS CWA CFA CPA IFRS ACTUARY

5. ▶ 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. CHARTERED ACCONTANT

6. S t ages i n CA Common P r o f i c i e n c y Test I n t egra t ed P rofe s s i o n al Com pe t e n ce Cour s e (IPCC) F i n a l 4 s ubje c t s - 2 pa p ers 9 s ubje c t s 4 paper s - group I 3 papers - gro up I I A r t i c l es h i p + ITT 1 00 h o u r s o f I T t ra i n i n g + Apprenticeship U n de r a prac t i c i n g CA f o r 3 y ea rs + G M CS I S t i p end – 1 - 15K 8 s ubje c t s 4 papers - g rou p I 4 papers - g rou p I I Tu i t i o n Cost – 70-100K Compulsory G M C c o u r s e Duri n g/ a f t er Finals Academic Qualification- 10+2 or equivalent as recognised by ICAI Course Structure 2 M o n t h – J u n e 6 M o n t h - Nov T u i t i o n C o s t – 20-25K C P T r es u l t s – 1 M o n t h s Du ra t i on – 9 - 1 M on t h s Tu i t i o n Cost – 45 - 65K

7. Subjects Ses s i on I I Ses s i on I M e rcan t i l e L a w s ( 4 Marks ) Fundamentals O f A ccoun t i ng ( 6 Marks ) Qu a n t i t a t i v e Aptitude ( 5 Marks ) General Eco nomi cs ( 5 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.

8. Sub j ec t s i n I P C C G r oup I I G r oup I Law, E t h i cs and Communication Advanced A cco unt i ng ( 1 Mark s ) I T a nd St r a t e g i c Development A ud i t i ng a nd Assurance ( 1 Mark s ) Information T e chno l ogy ( 5 Mark s ) Strategic Ma n a g e m e nt ( 5 Mark s ) Business C ommu n i ca t i ons ( 2 Mark s ) Bu s i n e ss E t h i cs ( 2 Mark s ) Law ( 6 m a r k s ) Co s t A cco unt i ng A nd F i n a nc i a l Management Cos t Account i ng ( 5 Mark s ) Financial Ma n a g e m e nt ( 5 Mark s ) Taxation I DT ( 5 M a rk s ) I ncome T a x ( 5 Mark s )

9. Subject s i n Finals Gr o up I Gr o up I I Co r p ora t e & A ll i ed Law s Co mpan y Law ( 7 Ma r ks) Strategic Financial Mana gem e nt ( 10 M a r ks) Financial Reporting ( 1 00 Ma r ks) A ll i ed Law s ( 3 Ma r ks) Advanced A u d i t i ng a n d Professional Ethics ( 10 M a r ks) Advanced Mana gem e nt Accounting ( 10 M a r ks) I n f or m a t i on Systems Co nt r ol & Audit ( 1 M a rk s ) D i rect T a x Laws ( 1 M a rk s ) I ndir ect Tax Laws Cent ral Excise ( 4 Mark s ) S er v i ce T a x And V AT ( 4 Mark s ) Customs ( 2 Mark s )

10. Detai l s about IPC C / Final IPCC ▶ 50% Aggreg a te ▶ 40% Individual passing each subject ▶ Results of each group evaluated separately ▶ After Clearing 1 St group one can start articleship ▶ Attempting both group can benefit excess marks setoff from one group to another to cover aggregate passing F i nal ▶ Only after completion of 2.5Yrs of articleship & both group of IPCC ▶ 50% Aggreg a te ▶ 40% Individual passing each subject ▶ Results of each group evaluated separately

11. 2. Company Secretary A CS is a person who is:- An expert in corporate laws, securities laws & capital market and corporate governance. Chief advisor to the board of directors on best practices in corporate governance. Responsible for all regulatory compliances of company. Corporate planner and strategic manager. Average Fresher Income 5-6 Lakhs S t a g e s i n CS Pr o fe s s i o n a l Foundation Executive

12. ▶ ▶ ▶ 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

13. Fo undat i on Subjects E l e m e n t s of Bu s i n e ss Laws A nd Ma n a g e m e nt Econom i cs And Statistics Financial A cco unt i ng ( 1 Mark s ) Bu s i n e ss ( 5 Mark s ) E n g l i s h ( 5 Mar k s C ) om m u n i c a t i on Statistics ( 5 Mark s ) Economics ( 5 Mar k s ) E l e m e n t s of Business Laws ( 5 Mark s ) E l e m e n t s of M a n a g e m e nt ( 5 Mark s ) Eng li s h a nd Business Co m m un i cat i on

14. ▶ Registration Period:- Five years from the month in which his application, complete in all respects, is accepted for registration. A registered student is required to complete the Executive and the Professional examination within the registration period. All papers – 100 Marks Subjects M od u l e I I M od u l e I General & Co m m erc i a l L a ws Company Accounts and Cos t & M a n a g e m e nt Account i ng T a x Laws C ompany L aw Econom i c A nd Labour Laws S e cur i t i es Laws a nd Co m p li a nces Executive Programme

15. Professional Programme Subjects M odul e I V M odul e I I M odul e I I I M odul e I Drafting, Ap p ea r a nc es & Pleadings Company Secre t a ri a l Practice R es t ruc t uring And Insolvency F ina nc ia l , Treasury & Forex M a n a ge m ent Ad va n c ed Practice Module S t r a t egic M a n a ge m en t , T a x La w s and A l l i a nces a nd International Trade Due D i l ige nc e & C o r p o r a t e M a n a ge m ent G o v ern a nc e, Business Ethics And Compliance Sustainability ▶ Eligibility- Passing the Executive Programme examination. ▶ All Papers – 100 Marks

16. 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 Stage s i n CW A Fo undat i on Course Final Co ur s e I nter m edia t e Course

17. Fou n da t i on Subject s Financial Accounting Fu nda m e n t a l s ( 1 Mark s ) Ma n a g e m e nt ( 7 Mar k s ) O r g a n i s a t i on ( 3 Mark s ) O r g a n i s a t i on & Management Fundamentals Econom i cs & Business Fund a m e nta l s Econom i cs ( 5 Mark s ) Business Fu nda m e n t a l s ( 5 Mark s ) Ba s i c Mathe m a t i cs & Statistics Fundamentals A r i t h m et i c ( 1 5 Mark s ) Mensuration ( 3 Mark s ) Algebra ( 2 5 Mark s ) E l e m e n t a ry Statistics ( 3 Mark s ) ▶ Pass percentage- Minimum of 40% in each paper and an aggregate of 50% in all the papers together.

18. I n t erm ed iat e Su b j e c t s A p p l i ed D i rect Taxation ( 1 00 M arks) Financial A c c o u n t i n g ( 1 00 M arks) Com mer c i a l & I n dus t r i a l La w s & Auditing Com mer c i a l & I n dus t r i a l Law ( 5 M arks ) Auditing ( 5 M arks) Cost & M anagement Accounting ( 10 M arks ) A p p l i ed Indirect Taxes ( 10 M arks ) Operation M anagement ( 5 M arks) Operation M anagement & I n fo rma t i o n Systems I n fo rma t i o n Systems ( 5 M arks) G r oup I I G r oup I

19. Final Subjects St r a t e g i c T a x Ma n a g e m e nt ( 1 Mark s ) Advanced Financial Ma n a g e m e nt And International Finance ( 1 Mark s ) Opera t i ons & Project Ma n a g e m e nt A nd Co nt r ol Operations Ma n a g e m e nt ( 5 M a rk s ) Ma n a g e m e nt Accounting- Decision Making ( 1 Mark s ) Ma n a g e m e nt Accounting- Financial St r a t e g y & Reporting ( 1 Mark s ) ( 5 Mark s ) Co s t a nd Ma n a g e m e nt Audit Cost Audit Management Audit ( 5 Mark s ) Grou p I V Grou p I I I Project Ma n a g e m e nt ( 5 M a rk s ) Strategic Management A nd Mark et i ng ( 1 Mark s ) Valuation M a n a g e m e nt & Case Study Valuations And M a n a g e m e nt ( 7 Mark s ) Cas e S t ud y ( 3 Mark s )

20. 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

21. Eligibility Criteria ▶ An actuary is an expert in assessing the financial impacts of tomorrow’s uncertain events. They enable more informed decisions. ▶ Eligibility :- Should have completed 18 years of age 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

22. Stages Of Examination Core Technica l Core Applicatio n Specialist Technic al Specialist Application Stage Stage Stage Stage ▶ 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.

23. How to Get it… Institute of Actuaries of India (IAI) & Institute of Actuaries of UK For details visit www.actuariesindia.org & www.actuaries.org.uk Exams center for actuaries UK available in India only Actuary UK Globally recognized but cost is 3 times more..! Duration 6-10 Years Fee Structure :- One time admission fee - 1500 Annual membership fee- Rs 750/- ACET – Rs 3000 Per Subject Exam Fee – 2000-4500(Varies) Compulsory study material – 2500/- each

24. Insurance companies [Life, General, Health] C o n s u l tant 3.Academics Authorities like IRDA, PFRDA & TAC. Risk Management Management Companies Large banks and Investment Firms like World Bank, ADB, etc. 7.Pension Banks and Employee Benefit Companies Large Capital Project Handling Companies Software Development Companies 10.Actuarial BPO Companies

25. 5. Certified Public Accountant US A ’ s Ch a rte r ed 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 C A + C P A – 10 -15Lakhs

26. Subjects 2. Financial Acc o un t i ng and Reporting (FAR) 3Hrs 3. R e gu l at i on (REG) 2.5Hrs 1. Auditing and A tte s tation (AUD) 4.5Hrs 4. Business E n v i ron m ent Concepts (BEC) 4Hrs

27. Few More opportunities Hotel management BANKER (IBPS) KPO/ BPO Economist Broker Forex Dealer Investment Banker Analysts PROFESSOR/ TUITOR TAX CONSULTANT WTO World Bank WHO IMF RBI SEBI Department of Commerce UPSC(Revenue officer) Sales tax officer(MPPSC) FRM M A N A G E R

28. Few More interesting Fields 1 . FORENSIC ACCOU N T A N T CERTIFIED FRAUD EXAMINER ENFORCEMENT DIRECTORATE ECONOMIC OFFENCE WING SERIOUS FRAUD INVESTIGATION OFFICE

29. Ambition s V S 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

30. 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 first Success need 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

31. 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 Thoughts 2)Imagination 3)Action Start using them stop looking for answers outside yourself for why you havn’t done something for your life look inside and start creating them

32. A re w e l com e d con t a c t - james.zion1986 @gm a i l . com