lakshyacacampus - Tumblr blog

lakshyacacampus · 2 years

Text

Advantages in completing your UG courses along with ACCA

The Association of Chartered Certified Accountants (ACCA) is the fastest-growing international accountancy organisation with more than 2,00,000 members and more than 500,000 students in 180 countries. It is considered the gold standard for accountancy. As a globally recognized course and up-to-date on the industry requirements, ACCA qualification is an excellent way to build a career in Accounts and Finance. This qualification guarantees that the graduate will be a certified chartered accountant which allows them to work in all and every aspect of business/ Finance. Professionals can have a successful career in every sector ranging from banking, accounting, finance, audit to accounts and more.

The internationally recognized certification opens doors to a wide avenue of global opportunities. The global qualification confirms that the graduates have a deep knowledge of all domains of commerce and business. After graduation students have the opportunity to either start their practice or work along with MNC’s which include the Big Fours. One of the most compelling aspects of ACCA is that students get the opportunity to pursue their graduation along with their ACCA qualification.

Let us look at the advantages of doing a graduation degree alongside your ACCA

Flexibility: ACCA is a very flexible course, which means that the students can decide when they want to write the exams, and how many papers they would like to attempt at a single shot. They can plan and prepare for the exams in a more structured manner. Students also dont have to bother about writing an entire module if they do not clear one paper like with the CA course. This allows students to look into pursuing other popular degree courses along with ACCA, for eg: B.Com which is a very widely popular examination.

Save time: In normal situation a student will take 3-4 years to complete a graduation degree and then if they want to get a higher degree or a specialization they need to spend another 2-3 years. So instead of spending 6-7 years, you can finish a graduation degree and a global degree in ACCA within a span of 4-5 years. This allows them to save 3 additional years. So, while their peers are still studying or doing their post-graduation, an ACCA student would already become a globally recognized professional with a degree in hand.

Paper exemption: ACCA exam consists of 13 papers which are in three levels. I.e knowledge level, skills level and professional level. When you pursue graduation alongside your ACCA, you can get 9 paper exemptions in your ACCA. They can directly start writing from the P-Level papers from the second year.

Job opportunities: Unlike someone who has just done their graduation, having an ACCA qualification along with your degree opens up a wide spectrum of job opportunities both in and out of India. You will be an ACCA member which gives you access to the ACCA network, where you can get access to 7,400 approved employers from over 181 countries all across the world.

Career Growth: Career growth is as important if not more than getting placed in a reputed organization. Nobody wants to be stagnant in their job roles. When you have an ACCA degree along with a graduation or graduation degree in finance; this gives you an edge over your peers in the same role. If you have pursued a UG in finance for eg: this would make you an expert in your field with a finance background, this will provide opportunities for you to rise up the ladders. It showcases your ability to handle tough situations, so its opens doors for you to move into upper management with ease.

Get a better par package: Job security, along with a good salary, is at the end of the day most important to everyone. With a double qualification, you will have the opportunity to get both at the same time. Unlike others who have just a graduation or those who have just an ACCA, you will have double qualification. The average package would be approx 5-10 Lakh p.a depending on your performance and this will keep going up as you get more experience.

What are the courses you could look into along with your ACCA?

ACCA+ B.Com

B.Com is a well established and widely popular under graduation degree. Students can boost their finance background by pursuing a B.Com in International Finance and Accounting. This is a 3 year course, after which you will get a UGC certified course. Students will get direct entry to the P-Level that means that they dont have to write 9 papers in the knowledge and skills module. You can enter into the job market at a very young age with double qualifications.

ACCA+ BBA

A Bachelors degree in Business management acts as a stepping stone for those looking to look at a job role in management. The 3 year course BBA in International Finance will establish your competency in subject matters not just related to finance but also your skills to apply the information from a manger perspective. Just like the above mentione course, this course will alow you to skip 9 papers in the knowledge and skills level, you can get direct entry to the P-Level exams.

ACCA+ B.Voc

Bachelor in Vocation is an emerging course in India; this provides its graduates with the right skill sets required for the trade. Unlike other traditional courses, this 3-year degree focuses more on application-based subjects rather than focusing on theoretical knowledge. A B.Voc degree combines both theoretical knowledge with the practical know-how’s empowering its graduateto be job-ready. Just like the previously mentioned courses, you get a 9 paper exemption in the knowledge and skills level, giving you a direct entry to the P-Level exams.

Post graduation courses:

ACCA+ MBA

Doing an MBA along with your ACCA will bulletproof your career. To supplements your accounting and finance background, students can pursue an MBA in international finance. Having an MBA will propel you career towards senior management roles as it showcases that you have a firm grim over finance. This is a 2 year course, taking this course will also give you a 9 paper exemption. You can get direct entry to write the P-Level papers. This course is curated for those who have completed their undergraduate degree.

ACCA+ M.Com

An M.Com in International Finance is an excellent option for those you have completed their graduation degree and are looking to get the masters. This is a 2 year course; just like the above mentioned courses you will get a 9 paper exemption and a direct entry to write P-Level examinations.

You can look at these courses with us at Lakshya, we are a Gold certified partner with ACCA. All our classes are taught byexperienced and well established ACCA faculty, so even if you are doing an undergraduate degree you will be taught by ACCA experts. All of the above mentioned UG and PG courses will be awarded by a UGC certified university. For more information feel free to reach out to our career experts. READ MORE

0 notes

lakshyacacampus · 2 years

Text

Why Should I Study ACCA Online?

ACCA is a globally recognised certification that gives you the financial knowledge and business skills necessary to achieve reputed credentials, increase your earning potential, and venture into new job opportunities.

But obtaining an ACCA qualification requires both time and effort. It can get very challenging and taxing especially for those who have a job, are doing another course, have family commitments, and other commitments. If you face such challenges, then doing an ACCA online is the right solution for you. E-Learning is one of the most faced-paced emerging modalities in education, primarily because it’s cost-effective, convenient and quick in terms of consumption compared to the traditional formats.

Let’s look at some top 7 reasons why you should consider doing your ACCA course online

Flexible, self-paced learning: With online classes, students get the flexibility of learning at their convenience. They can understand the concepts and take better notes with a self-paced form of learning. It is especially beneficial for working professionals as online classes enable you to earn, and build on-the-job skills while acquiring a professional ACCA qualification without having to give up on either. In today’s fast-paced environment it is of no surprise that people choose to advance their careers by pursuing ACCA online. Online classes ensure that you are completing the course at a pace that suits your personal needs- wherein you are spending more time and energy on topics or areas that may be more challenging for you. You can quickly complete topics that you are already familiar with or that are easier to comprehend. At Lakshya, you also have the added benefit of reaching out to the faculty multiple times to clear your doubts and queries. Studying in a seld-paced format will ensure that you have clearly understood the topics so that misconceptions or mistakes aren’t compounded as you move ahead with the course.

Learn more for less/Cost efficiency: For those who travel long distances, or travel across cities to learn at a reputed institution, online classes are a boon. Distance learning is very economical compared to traditional classroom learning. This means that students still get to learn from the best tutors but for a fraction of the cost. So instead of settling for a coaching institute that is cheaper, you can now make a well-informed call on the learning partner you would like to be associated with for your ACCA preparations. Ensure that your curriculum is delivered by expert faculty you are well established in their doman and have experience. Joining an institute just on the basis of cost can also be detrimental as you may not be getting the best in terms of education which will hamper your chances of succeeding. Apart from tuition savings, as mentioned earlier you can also save on transportation charges, getting materials printed and so on and so forth.

Learn in comfort: The environment in which you study makes a huge impact on the way you perform for your examination. Online ACCA classes will enable you to study in your comfort zone, you don’t need to feel apprehensive about asking questions and getting doubts cleared. With on-demand classes, you can watch videos again and clarify any portions that seem tougher for you. It gives you the freedom to schedule your classes around your other commitments. It is specifically beneficial for students who live far away from the coaching institute. You do not have to stay in a hostel and adjust to different cuisines. You can instead focus your energy on studying well. As ACCA has a vast volume students need to cover, you should focus on spending 8-10 hours of study per week, post classes. This number should increase as you draw closer to the exams

Accessible from anywhere: Traditional classrooms expect you to be present in that particular physical space, at that set time. Online ACCA classes give you the freedom to access classes no matter where you are. You may have to be on the move, due to work-related or personal reasons and do not have to worry about skipping classes. You can access your classes from any device and learn on the move. You can run through the topics and brush up when you are travelling, taking a coffee break or while you are waiting for a bus. The limit to actually consuming the data is in your hands.

Higher chances of passing: ACCA is an exam that requires rigorous preparation. Attending classes will increase your chances of clearing the exams. Doing self-study has a lot of potential pitfalls, but you can avoid them by getting the proper direction from experts. Even though ACCA does provide you with resources, having properly structured course material will help you to be effective. Attending a proper online course will inevitably increase your chances of clearing the exams, as you are attending classes taught by subject-matter experts, and you will be continuously attempting test papers and exams which will prepare you for the final exams.

Dedicated Tutor Support: When you study for ACCA from a well established and reputed organization you will receive dedicated support from tutors who are experts in their own domain. You can reach out to them to clarify any doubts you may have. Lakshya’s module system is set up in such a manner that it maximizes the student’s chance of passing the exam as we provide the right resources along with the feedback from the tutor so that you can identify your strengths and weaknesses and then work on them.

Higher Standard of Learning: When you are studying in a classroom, many students may experience discomfort such as being in a class with lots of students, the lecturer may not be audible, you may have missed out one line and then losing track of the whole concept. Attending ACCA classes online means getting rid of all those little roadblocks whereby you can focus exclusively on understanding the concepts. When you learn at Lakshya, you will be learning from seasoned industry experts who have decades of hands-on experience. So, they know the right targeted areas to focus on, this will help to ensure that the content taught is engaging, relevant and tailored to help you secure the scores you need.

What are the entry requirements for pursuing ACCA?

Any student who has completed their +2 can attempt the ACCA exams. Students who are graduates can also attempt the exam and can avail of the exemption from the fundamental level exams. Depending on the type of program you are attempting or have completed ACCA allows up to an exemption of 9 papers.

Why choose Lakshya for your online ACCA Journey?

With over a decade of experience, Lakshya is one of the most reputed and sought after learning destinations for commerce courses.

We are a Gold affiliate partner with ACCA, thereby providing you with the best in education as per the structure laid out by ACCA.

Experienced and certified learning instructors conduct all the classes here are Lakshya, so you can rest assured that you are learning from an expert.

We provide on-demand classes as well so that students can learn the subjects at their convenience anytime, anywhere.

Well structured module system and technical content and support structure to excel.

Regular tests and exams will boost your chances your clearing the exams.

Placement support – our network of ACCA professionals increases your chances of getting placed at a reputed organisation once you have been an ACCA member.

Students get access to the highest resolution videos and online courses, anytime anywhere, on any device. Students will also have access to interactive quizzes and access to tutor support to clear all their doubts.

If you wish to know more about our online classes, get a demo session, or get a deeper understanding of how the ACCA exam structure works, get in touch with our career guidance experts. READ MORE

0 notes

lakshyacacampus · 2 years

Text

Why does the CA course exist as the king of careers?

With a progressively complicated and dynamic economy, the importance of highly skilled and experienced Chartered Accountants (CA) is at its highest point. A CA is regarded as the king of the financial world as in order for any business to run efficiently, they require the help of a CA to effectively plan their finances. It is one of the most highly regarded careers that provides a great trajectory with lots of opportunities and a secure future.

For many, the question remains as to why is the CA course so popular despite the fact that it is a challenging course? In this article we will discuss in-depth the course, the career opportunity and much more.

Who is a CA and why is their job so important?

Chartered Accountancy is regulated by an accounting body – ICAI, Institute of Chartered Accountants of India. In the global domain, ICAI is regarded as the second largest professional Accounting and Finance body. It is a well established and recognized profession by all industries that primarily focuses on Finance, Auditing and Accounting. A Chartered Accountant is the sole person who enjoys the monopoly of auditing the Financial Statement of an organization. The value of a CA’s signature is so high that the financial statements of an organization cannot be presented to the AGM before the shareholders without it. Alongside this, a CA enjoys a high status in society besides fascinating incentives.

Depth of knowledge and skills

Unlike the popular misconception that the CA course is all about numbers, the program helps aspirants to get a better understanding of the business. They have a deep understanding of company laws and can even step into the role of a Company Secretary if needed. Their job is not limited to audits and accounts, they are well equipped with knowledge of taxation and can give financial consultancy.

Flexibility in the professional role

The role of a CA is so vast that they can pick and choose the domain they would like to pursue. They can look into Auditing & Assurance, Tax Consultancy, Accounting Services, Accountants & Finance Outsourcing, and Financial Reporting. The course prepares you to work either with an organization or you can start your own firm. Whether it is a textile factory or a movie production house, every business needs a Chartered Accountant, so get to cherry-pick the industry you wish to work in.

Wide scope in India and security

During the period of articleship, the CA students are put through a rigorous practical training process under a registered professional which prepares them for any challenge they may face in their career. As mentioned before one of the biggest perks of the CA profession is that the amount of opportunity for those working for an organization or someone who is starting their own firm is huge. As each registered company under the Company Act is mandated to have its books audited by a CA, there will never be a lack of work for a skilled professional. The gap disparity of taxpaying citizens to the number of registered Chartered Accountants is huge, for instance as of 2018, in India we have 6.8 crore tax paying citizens and we have only 3 lakh CA’s to service them as per the research conducted by Times. So you can clearly see that job security is a given when you pick this profession.

What are the career options when you pick CA?

Even though each and every industry has a large demand for Chartered Accountants, there has been a rapid rise in demand for CA’s in the manufacturing and finance sectors.

There are many areas and domains that will provide job opportunities for CAs. Some examples of this are: they will be able to work in the ranks of financial reporters, financial strategists, investment advisors, advisors in mergers and acquisitions, etc.

Let us dive a little deeper into each section and understand the roles.

1) Goods and Services Tax

As the Goods and Sevices Tax, also known as GST came into implementation in India, the job opportunities for a CA who is well versed with the new system of tax have increased rapidly. It is a very lucrative business and CA’s can make quite a living if they set up a business which focuses primarily on GST.

2) Internal Audit

There is a large demand for those who are focusing on Internal Audit as there is a rapid rise in the rules and regulations pertaining to this. The need for auditors to examine record, practices, documentation and verification of assets and liabilities are also seeing a rise. There is plenty of opportunity for those who wish to look into Internal Auditing firms, they are also very lucrative.

3) Taxation

Taxation has always been one of the biggest areas for a CA, and there are a large number of CA’s who build their firms and businesses focused on this. They will review their client’s business and will support them by providing sound tax structures based on the review. This is one area that will continue to boom as the number of tax paying citizens is constantly on the rise.

4) Wealth Management

Wealth Management is the area of service that will help clients with sound financial and investment advice, give tax services, and supports with accounting and retirement planning. Wealth management as a career path has since a rise in demand, it is a good option for CAs who are well-versed with finances and management.

5) Start-ups

The number of startups that have come into the market has seen a boom even compared to the past 10 years. Along with the rise in start-ups, also comes a rise in demand for handling the finances of these startups. For freshers, it is a great opportunity to work with these startups and as they will have new and unique growth opportunities

6) Mergers and Acquisitions

CA also plays the role of an advisor as they manage their clients’ mergers and acquisitions. Their roles will include evaluating the viability of acquiring or selling off businesses based on assessing the performance. It is a high ranking position and will open up a wide array of growth opportunities.

Scope in Government Sector

If you are someone who wants a stable and secure government job then you would be happy to know that there are a lot of opportunities in that field as well. CA’s are very indispensable across the various levels of the Government sector, and they constantly need skilled professionals to take these high ranking jobs.

Let us look at a few areas where a Chartered Accountant work in the Government sector. CA’s can serve as tax specialists for the Indian Revenue Service, which is an entry-level officer role. They can also work with the Enforcement Directorate, which conducts raids for money laundering alongside other financial offences. CA’s can also find work as advisers, financial reporters or can even be strategists. They can also work in public sector banks and in regional banks.

The salary package of a CA in India

Another vital reason why CA remains an indisputable king is because of the hefty remuneration it offers. Unlike other professions where you need a higher degree to solidify your career, CA’s can start their career right after they have completed the course. The salary and pay structure of a CA would differ from organization to organization. But the average pay package for a CA would be between 7-8 LPA (these are for skilled professionals).

In short, CA is a profession that you can step into with confidence as it offers job security, growth opportunities, wide career opportunities, flexibility and good remuneration.

If you wish to know more about the course, or how to enroll into our classes, please feel free to reach out to our career specialists who will give you a detailed break down of the course.

0 notes

lakshyacacampus · 2 years

Text

Why does the CA course exist as the king of careers?

With a progressively complicated and dynamic economy, the importance of highly skilled and experienced Chartered Accountants (CA) is at its highest point. A CA is regarded as the king of the financial world as in order for any business to run efficiently, they require the help of a CA to effectively plan their finances. It is one of the most highly regarded careers that provides a great trajectory with lots of opportunities and a secure future.

For many, the question remains as to why is the CA course so popular despite the fact that it is a challenging course? In this article we will discuss in-depth the course, the career opportunity and much more.

Who is a CA and why is their job so important?

Chartered Accountancy is regulated by an accounting body – ICAI, Institute of Chartered Accountants of India. In the global domain, ICAI is regarded as the second largest professional Accounting and Finance body. It is a well established and recognized profession by all industries that primarily focuses on Finance, Auditing and Accounting. A Chartered Accountant is the sole person who enjoys the monopoly of auditing the Financial Statement of an organization. The value of a CA’s signature is so high that the financial statements of an organization cannot be presented to the AGM before the shareholders without it. Alongside this, a CA enjoys a high status in society besides fascinating incentives.

Depth of knowledge and skills

Unlike the popular misconception that the CA course is all about numbers, the program helps aspirants to get a better understanding of the business. They have a deep understanding of company laws and can even step into the role of a Company Secretary if needed. Their job is not limited to audits and accounts, they are well equipped with knowledge of taxation and can give financial consultancy.

Flexibility in the professional role

The role of a CA is so vast that they can pick and choose the domain they would like to pursue. They can look into Auditing & Assurance, Tax Consultancy, Accounting Services, Accountants & Finance Outsourcing, and Financial Reporting. The course prepares you to work either with an organization or you can start your own firm. Whether it is a textile factory or a movie production house, every business needs a Chartered Accountant, so get to cherry-pick the industry you wish to work in.

Wide scope in India and security

During the period of articleship, the CA students are put through a rigorous practical training process under a registered professional which prepares them for any challenge they may face in their career. As mentioned before one of the biggest perks of the CA profession is that the amount of opportunity for those working for an organization or someone who is starting their own firm is huge. As each registered company under the Company Act is mandated to have its books audited by a CA, there will never be a lack of work for a skilled professional. The gap disparity of taxpaying citizens to the number of registered Chartered Accountants is huge, for instance as of 2018, in India we have 6.8 crore tax paying citizens and we have only 3 lakh CA’s to service them as per the research conducted by Times. So you can clearly see that job security is a given when you pick this profession.

What are the career options when you pick CA?

Even though each and every industry has a large demand for Chartered Accountants, there has been a rapid rise in demand for CA’s in the manufacturing and finance sectors.

There are many areas and domains that will provide job opportunities for CAs. Some examples of this are: they will be able to work in the ranks of financial reporters, financial strategists, investment advisors, advisors in mergers and acquisitions, etc.

Let us dive a little deeper into each section and understand the roles.

1) Goods and Services Tax

As the Goods and Sevices Tax, also known as GST came into implementation in India, the job opportunities for a CA who is well versed with the new system of tax have increased rapidly. It is a very lucrative business and CA’s can make quite a living if they set up a business which focuses primarily on GST.

2) Internal Audit

There is a large demand for those who are focusing on Internal Audit as there is a rapid rise in the rules and regulations pertaining to this. The need for auditors to examine record, practices, documentation and verification of assets and liabilities are also seeing a rise. There is plenty of opportunity for those who wish to look into Internal Auditing firms, they are also very lucrative.

3) Taxation

Taxation has always been one of the biggest areas for a CA, and there are a large number of CA’s who build their firms and businesses focused on this. They will review their client’s business and will support them by providing sound tax structures based on the review. This is one area that will continue to boom as the number of tax paying citizens is constantly on the rise.

4) Wealth Management

Wealth Management is the area of service that will help clients with sound financial and investment advice, give tax services, and supports with accounting and retirement planning. Wealth management as a career path has since a rise in demand, it is a good option for CAs who are well-versed with finances and management.

5) Start-ups

The number of startups that have come into the market has seen a boom even compared to the past 10 years. Along with the rise in start-ups, also comes a rise in demand for handling the finances of these startups. For freshers, it is a great opportunity to work with these startups and as they will have new and unique growth opportunities

6) Mergers and Acquisitions

CA also plays the role of an advisor as they manage their clients’ mergers and acquisitions. Their roles will include evaluating the viability of acquiring or selling off businesses based on assessing the performance. It is a high ranking position and will open up a wide array of growth opportunities.

Scope in Government Sector

If you are someone who wants a stable and secure government job then you would be happy to know that there are a lot of opportunities in that field as well. CA’s are very indispensable across the various levels of the Government sector, and they constantly need skilled professionals to take these high ranking jobs.

Let us look at a few areas where a Chartered Accountant work in the Government sector. CA’s can serve as tax specialists for the Indian Revenue Service, which is an entry-level officer role. They can also work with the Enforcement Directorate, which conducts raids for money laundering alongside other financial offences. CA’s can also find work as advisers, financial reporters or can even be strategists. They can also work in public sector banks and in regional banks.

The salary package of a CA in India

Another vital reason why CA remains an indisputable king is because of the hefty remuneration it offers. Unlike other professions where you need a higher degree to solidify your career, CA’s can start their career right after they have completed the course. The salary and pay structure of a CA would differ from organization to organization. But the average pay package for a CA would be between 7-8 LPA (these are for skilled professionals).

In short, CA is a profession that you can step into with confidence as it offers job security, growth opportunities, wide career opportunities, flexibility and good remuneration.

If you wish to know more about the course, or how to enroll into our classes, please feel free to reach out to our career specialists who will give you a detailed break down of the course.

0 notes

lakshyacacampus · 2 years

Text

Why choose CMA USA after your graduation?

Picking a course after your graduation requires deep research. It is the final part of the journey that defines your career. In the digital world that we live in, the options that are available unlike before are very vast. They are a multitude of websites are resources available which will give you information but then it comes down to you to make an informed decision. In this article, we will dive deep as to why you should consider Cost Management Accountancy (CMA USA) and how it will help define your career.

CMA USA is considered the gold standard in management accounting. The highly respected Certified Management Accountant (CMA) certification is awarded by the Institute of Management Accountants (IMA). Having a CMA credential in your resume will prove your skills and knowledge in niche areas of financial analysis, financial control, financial planning, decision making support as well as looking the maintenance of professional ethics.

CMA is a globally recognized certification that opens up a lot of opportunities around the globe. Being a CMA qualified professional will put you at the forefront of any hiring process and you will on average get 4 times to increase in salary as compared to a graduate.

But first, let us look into the question

Why choose CMA USA post-graduation?

India is slowly and gradually being one of the financial capitals in the world. The auditing and accounting industry has been on a rapid high and will continue to be so according to a recent article by the Times of India.

Growth Opportunities: CMA USA has garnered a lot of recognition in recent times as it provides the opportunity for graduates to work in MNCs across the world or in India. With the new manner in which the work environment in itself is changing, you may have an opportunity to seek jobs abroad, looking from here in India. If you manage to complete your CMA after graduation, you’ll be able to earn at least 33.33% more than each non-certified accountant. According to the IMA, 87% of CMAs report that getting certified strengthened their ability to move across all areas of business.

Skills and abilities: Being a CMA USA graduate demonstrates to your potential employer that you are well versed in areas such as financial planning, analysis, decision support, control, and professional ethics. The course hones your aptitude for making acute financial decisions. You will be skilled both in the field of management and business making you a master in both.

Convenience: The most attractive part about CMA USA is the course duration. You can finish the course in just one year. So especially for graduates who are looking to add more credentials to their resume without wasting a lot of time, this is a great option. The course structure is in such a manner that you can study it at your own pace. They can do the course without having to attend a college or worry about attendance and such. They can either learn on their own using online modes of education or join physical classes with any reputed coaching centres.

Increase in pay scale: Let’s be honest, one of the biggest reasons for pursuing a degree or certification post-graduation is to ensure that you are well remunerated once you start working. It is an indisputable fact that CMAs earn more than their non-CMA counterparts. Globally, on average CMAs earn 25% higher (roughly $29,000 (21,88,847 Rs) more annually) than non-CMAs. This gap is only going to widen as organisations are on the lookout for skilled professionals. They are on the lookout for qualified professionals who are qualified to handle management positions and exhibit high-level management relationship skills. So, companies don’t mind shelling out extra to hire such skilled professionals.

Credibility: The qualification holds so much value. Being a CMA USA professional showcases that you are well able to comprehend both financials and numbers at a deeper level than most accountants. The rigorous course structure will ensure that you have more knowledge about accounting than most accounting and are better informed about management-related fields than most management professionals.

What are the career prospects once you finish CMA USA?

As mentioned earlier, once you finish your course you will have opportunities to work for the big 4 MNCs along with others across the globe. If you choose to work in India these are the job roles that are in front of you.

Financial Controller

Tax analysts and consultants

Research analyst

Cost Accountant

Legal Advisor

Finance Manager

Cost Auditor

Financial managers

CMA’s are also in high demand in the government sector. As India has a great influence on Business Process Outsourcing, it creates immense job opportunities in the BPO sector of India. Areas of employment potential for CMA USA are growing in India, including e-commerce, consulting services, financial planning, taxation, and accounting.

Recently India has also seen a huge boom in the manufacturing industries, it is projected to reach US$ 1 Trillion by 2025. According to recent numbers, could also be a global manufacturing hub by the year 2030. The demand for a Cost Management Accountant is going to be at a rapid high. This is because the CMA USA curriculum puts a lot of emphasis on cost as well as budgeting and planning methodologies which as a true essential in manufacturing companies.

What is the CMA USA exam structure like?

The CMA USA is a two part examination. This curriculum qualifies students to acquire international credibility and strong knowledge in Finance and Accounting which opens a wide range of opportunities to earn career progression.

Part I: Financial Planning, Reporting and Analytics. The exam will have 100 MCQ questions along with two 30 mark essay questions. Aspirants need to get at least 50% of the MCQs right. In order to clear the exam, they need to score a 360 out of 500 in the exam.

Part II: Strategic Financial Management. This covers deeper topics such as Financial Statement Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decisions, and Professional Ethics.

Salary Package after completing CMA USA?

The salary you earn after the course is dependent on a lot of factors such as the number of years of experience you possess, the size of the organization, the job tole etc. According to IMA’s global salary report in 2021; the global difference in median total compensation between CMAs and non-CMAs is 29,000, which corresponds to median total compensation. A fresher with good academic knowledge can easily get somewhere between 4.5-6.5 lakh per annum.

So, in conclusion, without a doubt, CMA USA is one of the most stable and secure courses you can look into.

Lakshya is a well-established training institution for CMA USA. All our trainers are subject matter experts in this field. Our world-class training facility and well-structured curriculum are what have enabled us to garner rank holders consistently. If you wish to know more about the examination, the course structure, the job opportunities, normally salary package you can expect or get a better idea about our courses feel free to contact our career experts. READ MORE

0 notes

lakshyacacampus · 2 years

Text

Guide to approaching the ACCA exam

The ACCA (Association of Chartered Certified Accountants) exam is regarded as one of the most highly respected professional courses in India. The profession has garnered a lot of credit, as students have a plethora of job opportunities both within India and abroad due to ACCA’s global recognition.

Having the right approach is what sets apart a student especially in the case of a course like ACCA as it has a large amount of portion in terms of a syllabus. If students are not strategic in their approach it will not be possible for them to tackle the volume of topics in the last-minute rush. ACCA as an organisation extends a lot of support to the students in the form of resources.

In this article, we will walk you through some of the key steps you should keep in mind while preparing for the ACCA exam.

Start preparation early and plan well in advance

ACCA exams give you flexibility as to the exams you wish to attend. As that is the case you should take full advantage of it and plan well in advance. When asked to rank holders, most students also resonated with the same strategy. Break your syllabus down into portions that are a lot more acceptable for you. Create a plan for the entire year, calculate the annual workload and chalk in the holidays as well to ensure that you have a plan to help you cover all the portions at ease and one that you can practically stick to. If you feel you are falling behind, add on a few more hours each day to catch up.

When you are going through the portions, make sure you cover all of them and do not cherry pick the questions you like from guides or sample question papers. Your aim should not be to just clear the paper but to know the topic very well so that you can get the best scores. So, the earlier you start the better are your chances of covering the whole portion. Understand the subjects and topics well rather than memorizing them. For eg: in your F7 paper if you analyse and study the principles of standards rather than memorizing them, then this will help you to tackle paper P2.

Another thing to keep in mind is that each paper would deserve a different preparation strategy. While some papers are heavy on calculations, others would focus more on current affairs and theory.

Use past test papers to master exam techniques and refine technical practice

One exam preparation technique that has stood the test of time and helped students in the past is when they work on previous exam papers, sample answers and examiners reports. This technique will help you to easily identify your weak spots and is also one of the best ways to improve your technique.

If you are looking to score a high score then it is crucial to have good knowledge and exam technique. It is also a great way to tackle time management and gather a better understanding of answer planning. When you check the previous question papers from foundational to professional papers you will see that it was not easy to tackle exam techniques to meet the question requirement. You should also try and keep an eye out for professional marks, they are rewarded for good exam technique. These marks would make a big difference from you being a rank holder, so keep working on your exam technique.

It is vital that you sit in a controlled environment when you are trying our past papers so that you will be able to simulate test conditions and know if you can tackle the exam under similar pressures. There is no point if you knew all the answers but didn't have the time to complete them.

Balancing study with life

As you come nearer to the D-Day is also crucial that you take your break times as important as you do your study time. As mentioned in the first step, if you plan and structure things out well, then balancing study with fun will not be an issue. Having a good time will ensure that you are able to focus better on your exams. If you are someone who is working alongside preparing for the ACCA papers, it would be much better for you to limit the number of papers you are attempting. Cause if you observe you will see that most exams coincide towards the month-end. When you focus on a fewer number of papers, you will have time to better prepare and practice your exam technique. It also significantly improves the chances of you clearing papers in the first attempt.

Make efficient use of the resources available for your on-demand exams

Utilise the study guide and syllabus: When you are preparing for the ACCA on-demand exam, try and make maximum utilisation of the scheduled syllabus and study guide. Treat this very diligently as this is the reference source for the examiners as well, all the exam questions will be drawn from this. Pay attention to the structure of the exam in the section ‘Approach to examining the syllabus; this specifies the split between objective questions and multi-task questions.

Go through the approved content providers textbook: The ACCA approved textbooks from Kaplan and BBP learning media. These are consistently monitored by ACCA to ensure that the quality matrices are met. Under the support guide, you will find a control sheet that is relevant to your chosen text.

Don’t limit to practising objective questions: Multi-task questions in section B may examine only the selected syllabus areas. If you practise the longer questions then you will get a deeper understanding of the subject matter, in this way you will be able to have a good understanding of relevant concepts when looking into objective test questions.

Take full advantage of the ACCA website resources: Make sure you are making total utilisation of the syllabus, and the study guide. You should also practice the CBE specimen exams. Take 5 minutes to explore the examining team video - this will give you the general approach to the syllabus, and you can pick up on tips on how to improve your exam performance. Also, go through the examiner's reports thoroughly, these are published every six months. The examiner uses a sample of the questions that candidates appeared to find most difficult, explains misunderstandings and clarifies specific areas of the syllabus where knowledge or understanding may have been weak. Make sure to also check the technical article written by students, this will help you to enhance your exam writing techniques.

Tips to keep in mind while you are writing the exams

When writing the exams, make sure you read through the whole text, not just the core text. This will enable you to strategise the exam writing plan. This will also give you the chance to read the whole paper and the question requirements. Highlight the answers neatly and clearly.

One of the best parts about the ACCA exams is that they have no negative markings. So, make sure that you attempt all the questions. Answer the questions to the best of your ability, while sticking to the time allotted (roughly 1.8 minutes per mark).

Keep building on your success

If you had done well on your previous exam, then use that as a reference point. Go back and analyze what had worked well on the previous attempt. Dissect what didn't work out as well and make the necessary changes. Actively link your studies with your job - cause the ultimate objective is not to score well but to successfully apply it.

Hope you crack the exams. Wishing you the best!

0 notes

lakshyacacampus · 2 years

Text

8 tips for successful exam +2 preparation

Exam season is one of the most stressful times for both parents and students alike. The HSC exams play one of the most important roles in determining the future of the candidate and the streams they may follow. Students undergo a lot of stress and anxiety. But that doesn’t have to be the case if you prepare efficiently.

In this article, you will find step by step guide on how to have an effective study plan and score more than 90+ in 12th class.

1. Challenge yourself You can be your greatest ally and contender. Maintain 2 scenarios, first is your present and the other is your past. Now create a challenging game in your mind where the objective is to score a higher percentage than the previous exam. E.g.: if your scored 50% in your previous exam, try to get 60% in the next exam. If your aim is to get a great percentage overall, then keep that as your target. Create a visual table of all your previous marks and the individual subject break up, this will help you to be objective.

2. The syllabus book is the most important Most students make the mistake of running behind umpteen reference books. Reference books are a great resource when you are preparing for your competitive exams. They may help you with tips and tricks to understand a concept easier, but never underestimate the importance of your syllabus book. If you notice, you will see that students who score high marks always stick to the syllabus book. The syllabus book is designed under a strict syllabus; all the questions asked during your final exam will be under this syllabus.

3. Focus on your weak points What are your weak points? Make a note of the portions you are not strong at. Analyze your previous exam papers and find your mistakes, take a note of the areas you are poor at. Working on your weak points will ensure that they will not affect your overall percentage. The biggest mistake that students make is they keep practising questions in their strongest areas and skip the weak portions.

4. Time Management is key HSC is going to be one of the toughest exams you will face. Proper time management skills are what is going to make or break your exam scores. Make a daily schedule and stick to it. Utilizing whatever spare time you have is going to boost your marks considerably. Focus on tougher subjects in the morning when your mind is fresh. Take advantage of your free periods. If your focus is to score above 90% then keep aside 8 hours of your day for effective preparation. Never skip language subjects like English, they can prove to be a real percentage booster.

5. Solve previous year question papers Previous years papers can be a great asset for students. You will find multiple resources online. Solving previous years papers is like attempting to write the final exams. Try and attempt the whole paper keeping track of time as if you are in the exam hall instead of answering only a few questions. Analyze your answers and work on questions or topics you are not confident in. You may not score great on your first attempt, but if you keep practising you will see good improvement which will also boost your self-confidence.

6. Maintain a neat answer sheet When trying to get a good score, every answer counts. Your answer sheet is the only thing on the basis of which your marks are calculated. So avoid multiple strikethroughs and scribbles. Underline important points, make boxes around formulas or around final answers. Such simple things can help you increase up to 10 marks. Understand that your invigilators have many answer sheets to read through, so the objective is to make it visually easier for them to give you marks.

7. The night before the exam You would be surprised to know that 10% of your marks depends on this crucial night. Do not focus of learning new topics the night before. Try and keep your mind relaxed and sleep earlier so that your mind will be fresh to tackle the questions the next day.

8. On the exam day Just like the night before, don’t try to learn new topics or discuss difficult topics with friends right before entering the hall. Make sure you read through the questions in a calm mind before attempting to answer and strategize your game plan. If you are coming across questions you are unaware of, do not panic. Always attempt the 5 marks questions first, because it is difficult to tackle these questions during the final minutes of the exams but you can manage to answer 1 to 2 mark questions with ease. If you are unable to do a question, leave it and get back to it later. As mentioned earlier do focus to maintain a legible and neat answer sheet.

Finally, as you are done with the exams do not be in a hurry to leave. Utilise this time to cross-check the answers and attempt questions you found difficult.

Apart from the above-mentioned tips, always keep in mind that getting more than 90% is not an easy feat. You have to work hard and keep your focus. Try to go light on social media, if possible do not use it during the final 3 months as it can be a very time-consuming activity.

Put these tips to practice and you can score very well for the exams.

0 notes

lakshyacacampus · 2 years

Text

Scope of ACCA in India & Abroad

The ACCA (Association of Chartered Certified Accountants) exam is considered one of the most highly reputed exams in India. The profession has garnered a lot of recognition, and students have a lot of opportunities to work both in and out of India as it is a globally recognised qualification. Professionals can have a successful career in every sector ranging from banking, accounting, finance, audit to accounts and more.

The ACCA membership opens doors to job opportunities across the world. Students also have a plethora of options in MNC’s right here in India which includes the Big Four organisations (KPMG, Deloitte, PWC and EY). Let’s, first of all, understand why this course is favoured across the globe.

Global Recognition

The ACCA course has nurtured job opportunities globally. They have tie-up employers worldwide, which has resulted in more than 208,000 fully qualified members and 503,000 students in 181 countries. ACCA has established itself as a trustworthy qualification with a high global standard, which is why multinational organisations look to hire ACCA professionals. ACCA has had audit recognition in the UK since the 1930s, this partnership allows ACCA members to work anywhere in the world.

Partnerships

As mentioned earlier, ACCA is well connected with businesses both big and small, they also have a firm footing with government and educational establishments. Currently, ACCA is connected with more than 7,400 approved employers and has more than 80 accountancy partnerships ranging from accountancy bodies, universities and donor organisations worldwide. ACCA also informs its members of the vacancies available and keeps them updated on the latest fads and trends, legislations and legal requirements. All these factors are why ACCA is able to churn out the most forward-thinking, strategic accountants that keep up with the requirements of the fast changing world.

Reputation

ACCA is the gold standard in accountancy, their expertise is sought after by governments and professional bodies worldwide. ACCA is regarded as the Master’s level, which means that ACCA members can benefit from academic credit as they pursue higher studies. ACCA has also received UK Royal Charter in 1974 which establishes that they provide excellent quality of the core qualification

ACCA Scope in India

Instead of focusing on a base qualification like B.Com which has tough competition, with over 45 Lakh people appearing for the exams each year, taking a course like ACCA along with B.Com will give you a kick start to your career. The designation of an ACCA has trust value and is well established. They are well connected with businesses both big and small. As mentioned earlier they have a portal that is connected with 7,400 approved employers and 80 accountancy partnerships. You will have first-hand information about the job opportunities available. The starting salary for an ACCA qualified professional in India is about 4-6 LPA, this number keeps increasing as you garner more experience. It also allows you to start working in a well-established role when you are in your early twenties. It is very similar to a CA, it allows you to take up varied and interesting job roles across sectors. The job roles that students can look at after they complete their course in India are:

Investment Advisory

Risk Advisory

Internal Audit

Taxation

Audit and Assurance

Accounting Advisory

Corporate Finance etc

ACCA scope outside India

There are quite a lot of opportunities for an ACCA qualified professional outside India. As mentioned earlier, due to the deep ties ACCA has with employers across the globe, you will always have access to information about job roles that are open. As a qualification to be an ACCA in itself, they expect you to have 3 years of work experience. This will really hone and polish your skills, and give you a deeper understanding of where you want to work, whether in the corporate sector or look into private consultation or check other options. Professionals can find a well rewarding and fulfilling career in consulting, advising, fund management and taxation etc abroad such as in the USA, UK, Dubai and Singapore. MNC’s also always have job opportunities open for financial and consulting roles.

ACCA is also a great doorway for those who are looking to further their education. It is a well-rounded career choice as its globally recognised and opens avenues for students looking to work for MNC’s or who wish to go abroad. They can garner good experience and exposure by working with such international firms. Organizations also prefer to have ACCA candidates as they are well versed with the systems and rigorous work style; they would also be experts in accountancy. Another great pull for the course is that it enables students to work as they complete their course. They also have an exceptional understanding of the market strategy and organizational management. It also opens doors to those who are looking to move up the ladder into leadership roles right at the beginning of their career.

So, in conclusion, ACCA is a certification that propels you into a secure career and offers a wide array of opportunities and exciting job profiles. If you have any further queries or want to know more about the course and the course structure, feel free to reach out to us and our experts will guide you.

0 notes

lakshyacacampus · 2 years

Text

All about company secretary course

Who is a Company Secretary?

Company Secretary (CS) is a critical role in any organisation. A certified Company Secretary takes care of the legal matters of a business enterprise or for individuals. A CS maintains and audits the organisation’s tax returns, maintain records, gives advice to the board of directors with respect to the financial health of the company and ensures that the business is complying with the legal and statutory regulations. In order to professional practice Company Secretaryship, an individual is required to complete professional training and pass examinations.

Who trains and regulates Company Secretaries?

The Institute of Company Secretaries of India under the Company Secretaries Act, 1980 regulates, trains and maintains the profession of Company Secretaries. The ICSI trains and provides education to a multitude of aspiring company secretaries. Currently, there are more than 50,000 members and 4,00,000+ students who are studying with ICSI.

What is the eligibility for the CS course?

Students who wish to be a company secretary are required to meet the following eligibility criteria before they pursue the course.

Students have to clear their class 12 exams in any stream (excluding fine arts) from a recognized university before they register for the first level (Foundation Programme or CSEET) of the Company Secretary course

If a student has cleared the foundation level of CA and Cost Accountancy Course by ICWAI can get direct entry to the executive level.

What is the course structure and exams for Company Secretary Course?

Students who are looking to pursue their career as a Company secretary can do so after they have completed their 12th. They are expected to clear three levels of exams

CSEET

Executive Programme

Professional Programme

Application for the ICSI’s Company Secretary programme is open any time of the year. The exams are conducted twice a year: in June and December. Students have the choice to pick an exam month of their convenience.

If a student wishes to appear for the CSEET exam in December then they must enrol themselves for the exam before the 31st of March (the same year); if they are targeting to attend the June exam in the upcoming year, then they must enrol before the 30th of September.

For those who are attending the executive level programme should enrol themselves by the 28th of February if they wish to attend both modules in December (The same year) or by the 31st of August if they are targeting to attempt both of the modules in June exams in the upcoming year.

If they are focusing on appearing for only one module in the upcoming June examinations, then they are required to enrol for the executive programme by the 30th of November.

To be declared cleared in the CSEET/Executive/ Professional level exams the students should achieve 40% aggregate for each paper and an aggregate of 50% in all subjects in a single sitting.

Skills needed to be a Company Secretary: Communication Skills, Expertise for Company law, Compliance, Attention to Detail, Time Management & Multi-Tasking, etc.

Duties of a Company Secretary:

The roles and responsibilities of a company secretary are as follows –

Company secretaries are the compliance officers of the company and they give suggestions as an in-house legal expert.

They also play the role of a chief advisor to the board of directors in corporate governance.

A company secretary is an expert in corporate laws, capital markets, and securities laws.

They are also responsible for the regulatory compliance of an organization.

They also play a significant role in corporate planning and as a strategic manager.

Course Levels in Company Secretary Course:

CSEET

CSEET replaced the CS foundation level exam. The course trains students in various areas including entrepreneurship, management, business environment, ethics, accounting, and economics.

Eligibility:A candidate needs to have passed the 10+2 exam; graduates and postgraduate candidates also need to appear in the CSEET. Such candidates who pass the CSEET 2022 exam are eligible for registration to the CS Executive Programme.

CSEET syllabus:

CS Executive

The CS executive course concerns diverse scopes primarily regarding the law. This includes commercial law, company law, general law, tax law, accounts and audit practice, and securities law.

Eligibility:

All students are required to clear the CSEET exams. Else they should be a CA foundation or CMA foundation pass student.

Students should be 17 years of age

CS executive syllabus

The executive programs consists of 2 modules. Each module contains 4 papers.

Module I

Module II

CS Professional Programme

The CS professional course is the final level of the CS program.

Eligibility:

For candidates aspiring to get admission for the cs professional course, it is compulsory for them to clear the cs executive program successfully.

CS Professional Syllabus

The CS professional course consists of 3 modules; each module consists of 3 papers.

Module I

Module II

Module III: In the final module of the cs professional course syllabus, there will be paper 7,8, and 9. The first paper includes Corporate Funding & Listings in Stock Exchanges, the second – Multidisciplinary Case Studies, and paper 9 will have Eight Elective Papers. These 8 elective papers are –

Banking in Law and Practice

Insurance in Law and Practice

Intellectual Property Rights in Law and Practices

Labour Laws and Practice

Forensic Audit

Valuations & Business Modelling

Direct Tax Law & Practice

Insolvency in Law and Practice

Job Opportunities for Company Secretary

A CS has many job opportunities awaiting them. They can both work in an organisation, MNCS’s or they can set up their own private practice.

They can look into job roles such as Business Consultant, Operations Manager, Investment Banker, Finance Consultant, Marketing Manager, Stock Broker and such.

If you have any more questions regarding the programmes or wish to compare this course with others such as a CA, CMA or how to appear for the exams feel free to contact our career experts they will guide you through the course.

0 notes

lakshyacacampus · 2 years

Text

How to be a Cost Management Accountant?

Cost Management Accounting, also known as CMA, is a well-reputed certification conducted by the Institute of Cost Accountants of India (ICAI). This is not to be confused between various terms like CMA, ICMAI, CWA, and ICWAI. Its governing body the Institute of Cost Management Accountants of India (ICMAI)changes its official name from The Institute of Cost & Works Accountants of India (ICWAI). This means that both the ICWAI and CMA courses are one and the same.

Cost Management Accountants are a well-reputed course which is also a tough and challenging course. The course is gaining wide acceptance and popularity amongst commerce students who are looking to pursue their careers in the field of accounting and finance due to its immense industry recognition.

In this article, we will do a deep dive into the course, the course details, syllabus and more.

CMA structure

The CMA exam is split into three levels namely:

CMA foundation

CMA intermediate

CMA final

CMA Eligibility

Before delving into deeper topics, let us first look at the eligibility criteria for each level of the CMA exams.

CMA Foundation eligibility criteria and exam details

To clear the foundation level of the Cost Management Accountant exam, one should complete the following criteria.

Students are required to have cleared the 10th and +2 exams in order to be eligible for the CMA Foundation exams

More info:

The CMA exams are conducted twice a year by The Institute of Cost Accountants of India in the months of June and December.

Students who have cleared the CMA Foundation exams are eligible for CMA intermediate.

Exemption: if you are a graduate then you are exempted from ICMAI Foundation exams. You can directly appear for CMA Intermediate.

CMA Intermediate eligibility criteria and exam details

In order to be eligible for the intermediate level of the Cost Management Accountant exam, one should complete these criteria.

A candidate should have cleared their(10+2) and Foundation Course of the Institute of Cost Accountants of India

Any graduate from any stream except fine arts is allowed to attend the exams

Qualified in ICSI Foundation or ICAI Intermediate.

ICAI has made it mandatory for students to complete Communication and Soft Skill (CSS) Training for 3 days and Complete Computer Training for 100 hours before appearing for the exam.

CMA Final eligibility criteria and exam details

Any student who has cleared the CMA intermediate level is eligible to attend the CMA final exams.

CMA Exam dates

Here are some important dates that CMA students have to keep in mind. Keep a note of the dates to fill for the June and December term examination respectively.

For students appearing for the June exam, registration has to be taken by the 31st of January.

For students appearing for the December exam, admissions have to be taken by the 31st of July.

CMA Syllabus

The Institute of Cost Accountants of India has the current syllabus which was published in 2016. Below are the CMA Subjects as per the 2016 Syllabus.

CMA Foundation Syllabus

Here are the subjects included in the CMA foundation

CMA Intermediate Syllabus

Here are the subjects included in the CMA Intermediate

CMA Inter Group 1

CMA Inter Group 2

CMA Final Syllabus

Here are the subjects included in the CMA Final

CMA Final Group 3

CMA Final Group 4

CMA TrainingTraining to be undertaken During CMA Inter Course (Mandatory)

Complete Computer Training – 100 hours.

Complete Communication and Soft Skills Training (CSS) – 3 days

Training to be undertaken During CMA Final Course (Mandatory)

Complete Industry Oriented Training Programme (IOTP) – 7 Days

Practical Training (Mandatory). Practical training has to be undergone by all students for a duration of 15 months. Students can undergo practical training after registration into the Intermediate course or before appearing for CMA final examination.

CMA Job roles

Let’s look into the job profiles one can look into once there are a certified CMA professional

Improving cost-efficiency

Direct and indirect taxation

Resource and performance management

Cost audit and assurance

Financial reporting and strategy

Internal audit and management audit

CMA Career opportunities

Getting a stable and secure job once you have completed your courses is the ultimate objective for any aspirant. CMA certifications open up a wide array of job opportunities that are well remunerated. Research suggests that compared to non-certified employees, CMA certified professionals earn 30% more for the same designation.

Being a certified professional also gives you the opportunity to venture into various domains in an organisation from planning, decision support and control function. They can leade the organisation from various roles such as CFO, CTO, Treasurer, VP (Finance), Controller, Finance Manager, Internal Auditor, Budget Analyst, Financial Analyst, Corporate or division planner, Senior Accountant, Cost Accountant, Staff Accountant, etc.

For those looking to climb up the corporate ladder, CMS is a great choice as top fortune 1000 companies across the globe have CMAs in their key management roles. They have a diverse set of opportunities to work both in and out of the country. The average salary of a CMA usually starts at around 5 LPA, this number goes up based on the seniority and exposure to 50 LPA.

One of the most attractive aspects of the job is that you can start your career at a very young age, so while others are doing their degree and post-graduation, CMAs will already have started working. They are also preferred due to the specific skill set they possess.

Other FAQs

What is the duration of the CMA course?

The course duration for CMA India is 3-4 years, provided you clear all the papers in the first attempt.

Can I study CMA along with my job?

Yes, students can pursue their education along with their job, but it is very important to be consistent and dedicated while doing the course.

How many attempts do I have for the CMA Inter exam?

ICAI doesn’t impose any restriction on attempts. They can attempt the exams as many times as they like.

Can I appear for the CMA course before class 12th?

Candidates offered provisional admission will not be allowed to take the exam. Candidates must fulfil the eligibility criteria to be able to give the exam.

0 notes

lakshyacacampus · 3 years

Text

Top career opportunities after 12th in across all streams

Picking the right course after the 12th is a life-altering decision and must be handled as such. It opens the avenues to various career opportunities, job prospects, the countries they can work in and much more. Parents and students need to get themselves briefed about the ample options available across streams such as science, commerce and arts.

With the 12th board and Kerala state exams fast approaching, it is important to get a clear understanding of future goals. Today there are a wide array of opportunities that is available to students and accordingly there is steep competition in each stream. So, students should be well aware of their likes and preferences, their abilities, aptitudes and personality before choosing the stream. Students can choose a course from top domains including Engineering, Architecture, Design, Law, Applied Science, Business Studies, Management, Behavioral and Social Sciences, Economics, Media, Humanities, and more. In this article, we will do a deep dive into various courses available to students based on various streams.

Career opportunities are 12th in Commerce

Commerce is one of the fastest-growing streams in the county. With millennials flocking to start their businesses there is a huge demand for finance professionals whether it be a Chartered Accountant, a Company Secretary or a Cost Management Accountant. There is also a big market for courses such as Bachelors in Business Administration, Bachelors in Commerce (B.Com) and Bachelor in Economics are more.

Chartered Accountant - CA is one of the most sought after and in-demand courses available in the commerce stream. Set up under the Act of Parliament, it is a profession that has withstood the test of time. It allows individuals to act as an auditor, tax consultant, financial officer or advisor. Once a professional, individuals have the option to decide if they want to work with multinational organizations like the big four such as KPMG, PWC etc or if they would like to start their firm and practice. This course is provided by The Institute of Chartered Accountants of India (ICAI).

Cost and Management Accountant (CMA) - Awarded by the Institute of Cost Accountants of India or ICWAI, CMA’s are responsible for safeguarding a company’s assets and ensuring compliance with financial regulations and external financial reporting. Their main job includes maintaining cost accounting records, doing cost auditing, manage the planning, controlling and costing of products. Just like with the CA, CMA’s also have the option of working with organizations or setting up their private practice. A CMA’s role is not limited to financial accounting they also help with production operations and processes. They can work on areas such as cost audit, certification or consultation.

Association of Chartered Certified Accountants(ACCA) - ACCA is a globally certified professional course, it opens opportunities to students to pursue their careers both in India and across 130+ countries abroad such as the UK, Singapore, Dubai to name a few. It is one of the most sought after jobs, with a plethora of opportunities across MNC’s including the Big Four (KPMG, Deloitte, PwC and EY). They can pursue a profession in investment advisory, risk advisory, audit and assurance, internal audit and much more. Even though they do not have the signing authority in India like a CA, they can still do the audit work for the firms they are employed in. One of the most attractive factors features of the ACCA is that students can pursue a job while they are still doing the course.

Bachelor in Economics - Gaining a degree in economics will boost your employability in various fields regardless of the industry your work in. The degree equips them with practical knowledge on various economic concepts, economic policies, analytic methods etc. There is a high demand for graduates throughout the global labour market, they can venture into various arrays such as economist, financial risk analyst, financial planner, accountant, financial consultant, investment analyst etc. Graduating in economics can prove to be an added advantage if you want to prepare for Indian Administrative Services (IAS).

Apart from the courses mentioned above commerce students can also look into careers as a Company Secretary, Investment Banking Analyst, Event Manager, Tax Auditor and Consultant, Accountant, work in the banking sector etc.

Career Options after 12th in Science

Science has always been a forerunner in India and a favourite amongst parents and students alike due to the wide number of options available to students. Most of the career options mandate students to appear in competitive exams. One of the advantages of the science courses is that students have the flexibility to venture into other fields.

MBBS - Students who have opted for Physics, Chemistry and Biology can venture into the field of the healthcare industry. They have to prepare for the medical entrance exams if they wish to get admission to the top medical colleges in the country. They can attempt various competitive exams such as NEET, AIIMS, JIPMER depending on the college they wish to get admission to. Once they complete their MBBS degree, students can get an MD or specialize in the area they are most interested in.

Engineering - Just like medicine, engineering has also held the attention of many for decades due to the wide array of opportunities that await them once they complete the course. They help invent, innovate, build, research and improve machines, processes, solutions and organizations. They can look at various streams within the scope of engineering such as chemical engineering, computer engineering, civil, mechanical, biotechnology, aeronautical etc to name a few. It is the ideal stream for students who have opted for maths along with science subjects. Most engineering colleges also provide students with campus placement options.

Architecture - Architecture is another widely popular course that most students pursue after their 12th. They are licensed professionals who design and plan structures making sure that they are attractive functional and sage. Aspiring architects have to earn a bachelors degree and can then look into a Masters program. The course typically takes 5 years to complete after the 12th. It is also a great option for those who want to specialise in areas such as design theory, solar design, historic preservation and related fields.

Along with the mentioned courses, science students can also look at careers as a BDS, Pharmacist, Forensic Science, Microbiology, Veterinarian, Agricultural Scientist, Biomedical Engineer, Nurse, Data scientist and much more.

Career Options after 12th in Arts

Unlike in the past, students who have done humanities have a plethora of options available today. They can venture into careers as a Lawyer, Journalist, Graphic designer, Digital marketer, SEO Analyst, Content Writer, Fashion designer, Social worker, Photographer, Event Management to name a few. With the rise of technology, such skilled labourers are in high demand.

Law - Just like Doctors, Engineers and CA’s, Lawyers have also held their own for a long time. They get the opportunity to participate in moot courts and get wide exposure to various legislations. Once graduated, they can practice legislation or opt for corporate law. Along with law students can also do graduation along with it, such as BA LLB, BBA LLB, B.Com LLB etc.

Hotel Management - With the growth in the tourism industry, the hospitality sector is also seeing tremendous growth and scope. Most of the hotel management courses are of 3-year duration. The course will cover different aspects of running a hotel or hospitality in areas such as sales and marketing, front office, accounting, food production, housekeeping etc.

Fashion Design - Fashion designing deals with adding aesthetics and elements of textures, patterns etc. to clothing. Students have to take a four-year Bachelors degree in B.Des or the Bachelor of fashion technology programme. After the course is completed, graduates can work as fashion designers, fashion merchandisers or fashion directors.

We have listed just some of the sought after professions across various streams. Many vocational and short term courses are available these days. Make sure that you pick a career based on your interests and not because of peer pressure, this will enable you to shine in the career of your choice. If you have any more questions feel free to contact our career specialists who can give you more insights into courses that suit your interest and profile.

0 notes

lakshyacacampus · 3 years

Text

Top 10 places your ACCA career could take you!

You must have heard many times that ACCA will help you to have a global career. Let us look at where all a career in ACCA can take you. Here is a list of just a few of the countries where you can have a flourishing career.

The United Kingdom

UK is the home to ACCA with more than 3,27,000 accountants with various accounting qualifications. If you are looking to work at the big four or if you want to be a part of the world’s leading banks then the UK is the right destination for you.

Singapore

Singapore is one of the World’s biggest centres with international trade and increased FDI which helps in growing FDI. It’s a perfect place for those who want to launch a career in finance. It mainly comprises of English speaking population and has many ties to western countries.

Germany

Germany is one of the world leaders in finance, they are also the leaders when it comes to technology and is known to be the producer of high-quality goods. It’s a great starting point for your accountancy career. Its role in international business is at a whole time high with them having more than 550 companies operating in Hong Kong.

Hong Kong

Hong Kong is a haven for finding international finance jobs. It has the perfect blend of western and Chinese cultures. With free trade policies and low taxation policies, Hong Kong has without a doubt established itself as a global leader in international finance.

New Zealand

One of the key attractive factors for many foreign candidates is the lack of skilled local finance workers. New Zealand has expanding business investments, increase in migration flow and international trade makes it a great choice for finance and accountancy jobs.

Dubai

There are two major reasons for what makes Dubai an attractive destination is that one can have an income-tax-free salary and that it is one of the world’s top tourist destinations. The accounting and finance jobs are constantly growing in Dubai, its adoption of IFRS is what attracts foreign accountants and finance professionals to this business environment.

Brazil

Ever since Brazil has experienced a financial revolution and has adopted International accounting standards and has hence been a popular destination for accountants and finance professionals. Brazil also receives a large number of Foreign Direct Investment, almost $330 Billion between 1994 and 2009.

Switzerland

Switzerland has been a haven for foreign investors, as they are the world leaders when it comes to private banking. 10.5% of its total GDP (which is a sizable amount) comes from its workforce who are employed in the financial service sectors. Switzerland is an ideal destination to have a financial profession where you can have a profitable salary and develop your career.

South Africa

The SAICA (South African Institute of Chartered Accountants) is one of the leading accounting bodies in the world. The Country has a rich banking sector which has attracted foreign interest and has created a high demand for qualified accountants, this in turn suggeststhat there is a very high demand for qualified accountants and that they can expect a good remuneration.

Israel

Israel is one of the economically advanced countries in the world as they adopted open markets and regulatory practices. Their high-tech sector has been labelled as the Silicon Valley for the rest of the world. Plus, with no minimum capital required to start a business, foreigners can expect exciting career prospects.

As you can see ACCA will open a door to endless opportunities.

0 notes

lakshyacacampus · 3 years

Text

How to get CMA INDIA direct entry after the CAT?

Because of the huge demand for entry-level Accountants in India, the Institute of Cost Accountants of India (ICAI) has launched a short-term Course, Certificate in Accounting Technicians (CAT). The one year course enables the students to master the areas of maintenance of accounts, preparation of Tax Returns, Filing of Returns under Companies Act, Filing of Returns under Income Tax, GST, Customs Act, Export & Import documentation etc.

The course consists of 3 Stages

Foundation Course (Entry Level)

Competency Level

15 days of Internship

More than becoming an employee to do the entry accounting functions in the sectors like Small & Medium Enterprises, Business Processes Outsourcing (BPO), Retail Sector, Panchayats Accounting and Book-keeping, Export & Import documentation and so on, the CAT course opens up wider career paths in the field of accounting.

Into CMA IND

The CAT qualification enables the student to join one of the top courses in management accounting, Cost and Management Accountants without qualifying the CMA IND Foundation level. The direct entry to the Intermediate level only requires the successful completion of the entry level of CAT.

The Cost and Management Accountants focus on the particular fields of management accounting. A Cost and Management Accountant specializes in creating managerial decisions. They would get more engaged with analytics, forecasting, risk management, treasury activity etc. They have great demand in the sectors like Government sector, Private sector, Banking & finance sector, Developmental agencies,Education and so on.

The CMA course is divided into three exam parts- CMA Foundation, CMA Intermediate and CMA final.

Advantages

Getting into CMA IND Intermediate level directly through the CAT course provides you more benefits in the career.

Time: Most importantly, it saves time. Students need about 7 months to complete the CMA Foundation level. But the CAT entry level needs about one month only.

Boost Confidence: Skipping the Foundation course reduces the effort and tension, thereby making them more confident to the next level.

0 notes

lakshyacacampus · 3 years

Text

Keen to know about the Exemptions for CSEET Exam

One of the best commerce professional courses, the Company Secretary course ensures a great future for students. Apart from other commerce courses like CA or CMA, the CS course provides more focus on the legal part related to the company. Along with the secretarial works, a CS should focus on various domains like financial, tax or legal system, and so on. The Institute of Company Secretaries of India is a statutory body that offers the 3 years course. The diverse career opportunities of the course mark the students at the top of the corporate world. A Company Secretary can work as part of a company as well as practice independently.

Contrary to the old syllabus, the Foundation level is changed into the Company Secretary Executive Entrance Test (CSEET) from 2020. Now the students after their twelfth compulsorily crack the entrance test. The Company Secretary Executive Entrance Test (CSEET), however, is an online test that lasts 135 minutes. The entrance test is conducted 4 times a year, in May, June, November, and January. Leading the students into the prestigious and powerful profession, the course syllabus is designed as;

CSEET

Executive level

Professional level

With the 2020 amendment, certain students can join the CS Executive without qualifying CSEET.

UG/PG Students: The graduates and postgraduate students of recognized universities can get direct admission to CS Executive Programme. The exemption of UG/PG students from CSEET was decided by the Institute at its 277th meeting that was held on June 19, 2021.

CS Foundation: The students who qualified for CS Foundation as per the previous syllabus are exempted from the CSEET examination.

CA Final: Students who have completed the final course of the Institute of Chartered Accountants of India.

CMA Final: Students who have completed the final course of the Institute of Cost Accountants in India

Plan to join the CS course? Read more about the responsibilities of a company secretary from our blog ” What is the role of a company secretary?“

0 notes

lakshyacacampus · 3 years

Text

While making a decision between CMA USA & CMA IND

CMA INDIA

CMA course is designed to nurture young minds into business leaders of tomorrow & hence choosing CMA as a career option is a great idea. Contemporarily, the CMA course is gaining immense popularity among commerce students, especially students who want to make it big in their career in the field of Cost and Management Accounting. If you are also curious to know about the course details, continue reading to find out full details about the CMA course in India.

CMA course has three levels which are:

CMA India Foundation

CMA India Inter

CMA India Final

The duration of the course is 3 years.The course CMA enables you to get wide opportunities in top-level management jobs like:

Finance Manager

Financial Analyst

Chief Financial Officer

Financial Controller

Corporate Controller

Chief Investment Officer

Cost Accountant

CMA USA

Recognized in more than 140 countries throughout the world, the CMA (Certified Management Accountant) opens up global opportunities within a short period of study of 12-18 months. Institute of Management Accountants (IMA) offers the course to make you a future-proof finance professional.

The course syllabus includes two parts;

Part 1 – Financial Planning, Performance, and Analytics

Part 2 – Strategic Financial Management

Find the global opportunities after the course

Staff Accountant

Budget Analyst

Finance Manager

Treasurer

Cost Accountant

Financial Analyst

Controller

Chief Financial Officer

Internal Auditor

Senior Accountant etc

Interested to know more about the courses? Read our blog about CMA INDIA & CMA USA.

0 notes

lakshyacacampus · 3 years

Text

Know more about the paper exemptions in ACCA!

The global recognition of ACCA always lays a long-lasting foundation for the career of a student. If you are joining the ACCA course with proper foundational knowledge of accounting and finance, then why don’t you go with the paper exemption? The ignorance of paper exemptions in the ACCA course increases the duration to become an ACCA member.

The paper exemption in various modules provides you with many advantages in completing the course.

Reducing the Gap:

If you wish to pursue ACCA after your graduation, then the paper exemption helps you save years in the completion of the course. Even if you completed a specific course recently or are working in the same field, the exemption is worth it to become an ACCA member early.

Time:

Another important factor to consider while thinking about the ACCA paper exemption is. For instance, if you have completed the B.Com degree and decided to begin the ACCA course, then you don’t need to start from the beginning. You can join directly into the F5 level. You can save time as well as reduce the difficulty of the course.

Cost:

Without writing a certain paper, you can avoid the tuition fee, study material fee, and examination fee at certain levels of the course. At the same time, you need to pay a certain amount as an exemption fee.

Am I eligible?

Before going further in the paper exemption, you need to ensure that you are eligible for the paper exemption. The education qualification is the basis for getting the exemption. It includes the certifications or relevant foundation, graduation, or post-graduations.

Exemption

QualificationACCA Exemptions B.Com4 Papers CA Professionals9 Papers B.Com/M.Com/BBA/MBA (Pursuing)9 Papers CMA Degree with 5 years of experience9 Papers

A maximum exemption of 9 papers can be obtained to become an ACCA affiliate, mainly in ACCA Knowledge and Skills Module. Exemptions are not allowed in the P-level Papers.

Read our latest blog to learn more about the ACCA course.

0 notes