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[firsteducation]

Career in Chartered Accountancy

Chartered accountancy is the essence of all business, large or small. The job of a chartered accountant includes auditing, taxation, accounting and financial planning etc. It can be a very demanding and rewarding task. Career opportunities after Chartered Accountancy are interesting. Chartered accountancy can be the first step towards other rewarding professions in finance, investment consultancy and fund management. The Chartered Accountancy course is conducted by the Institute of Chartered Accountants of India, which has its headquarters in New Delhi, 5 regional offices (Calcutta, Kanpur, Chennai, Mumbai and New Delhi) and 81 branches under these regional centers.

QUALIFICATION REQUIRED FOR CHARTERED ACCOUNTANCY

Over the years, the qualifications for becoming a CA have changed. one could believe of becoming a CA only after graduation, and a candidate had to undergo five years of articleship training.

The chartered accountancy’s distinctive feature is its curriculum, which is theoretical education with complementary practical training. A student would undergo theoretical education and practical training concurrently from the very beginning. This balanced approach helps the students to appreciate the underlying practical applications of the theoretical education scheme.

Common Proficiency Test (CPT) CPT is an entry level test of four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.

Integrated Professional Competence Course (IPCC) This is the first phase of the CA curriculum in which only working knowledge of the core and related topics of the accounting profession is addressed. IPCC topics are categorized into two groups that a student can study and appear in group-wise examination or both groups together. IPCC is designed to improve knowledge of accountancy linked to accounting standards to build strong foundation for developing knowledge of financial reporting at the final stage. The students update their knowledge of business communication, business strategies, taxes, information technology and audit.

CA Final CA Final covers advanced application knowledge of core subjects like financial reporting, strategic financial management, advanced management accounting, advanced auditing and professional ethics and information systems control and audit. In addition, principles of e-governance, corporate and allied laws, international taxation and VAT are important features of the updated subject contents.

Articleship   The students after passing Group I of IPCC will register for Articleship for a period of three years with experienced CAs. Certain rules do apply – CAs with 16 years of experience and above can take on about 8 articles, those with less experience can train fewer articles and these teachers or ‘Principals’ as they are called, can be changed during the course of training. An agreement of training needs to be executed before it begins. During the training time, articles learn the technical details of the work and as time passes, they are given larger assignments with less supervision. All articled clerks are paid a stipend depending on their city’s population.

WHERE TO START ?

In today’s competitive globe of cut throat, it is advisable for a student to start planning right after class 10. A student can register with the Board of Studies for chartered accountancy and prepare for the entry level exam while studying 10 + 2. It is better to take mathematics at this level. Students of commerce stream definitely have an advantage while pursuing this career. The latest scheme of CA is designed to encourage young talented students having aptitude for accounting education to make an early entry into the profession.

WHAT WOULD IT COST ?

Unlike other professional courses, the fee for becoming a CA is very less, which is inclusive of the cost of study material. For registering with IPPC you have to shell out Rs 9000 while the fee for CPT is Rs 6700.

JOB PROSPECTS

On completion of the training, the candidates need to gain membership to the ICAI before they can start practicing as a CA.

A member wishing to practice in India or abroad needs to obtain a Certificate of Practice from the ICAI, the yearly fee of which is Rs. 400. Once the membership is taken, the practicing member cannot work in any other business or occupation without taking permission from the council; they are only permitted to work in areas as specified in the CA regulations.

JOLE ROLES:

A Chartered Accountant’s work area has become so wide and involves so many activities that sometimes a CA is perceived as almost an enigma. A CA can start career with auditing activities, which is the basic work area of a CA. From here a more fulfilling career in finance can be pursed after getting enough exposure of intricacies of finance. As an investment consultant and as a fund manager a CA can play the role of a top decision maker. CAs also work in project management and consultancy services.

SALARY FOR CHARTERED ACCOUNTANT :

For CA Inter: Generally candidates holding CA inter-qualification are paid somewhere between Rs 7,500 and 15,000 depending on the type of firm.

Payments can be higher for candidates possessing other qualifications such as M.Com or an MBA.

On the other hand starting salaries can be as little as Rs 4,500 to 5,000 in some small towns of the country.

For CA Final (FCA): Starting salaries range between Rs 12,000 to 30,000 depending on the type of firm and nature of the economy.

A fully fledged CA can expect a salary between Rs 30,000 to 75,000 after serving a stint of more than 5 years at a top firm.

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[drsapnasharma]

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[firsteducation]

Future Scope Of Agricultural Science

Despite rapid strides in modernization and India’s march towards globalization, agriculture has always been the backbone of our economy. It still employs more than two third of the labour force in the country and is a major contributor to our national economy.

It meets our basic need for food and also the requirement, for the raw material needed by the manufacturing sector. Science and Technology have contributed significantly to agriculture in terms of improving productivity and quality.

In order to gain a foothold in the highly competitive global market and to make major gains in the export market, there is an increasing demand for professionally qualified people in this sector. Hence nowadays many educational institutes and universities have started courses to groom professionals in this important subject area.

Career in Agriculture is one of the largest industries and a good source of employment across the country. You should know about detailed information about career opportunities in agriculture Science.

Agriculture Science Eligibility Criteria

Ideally you should have Physics, Chemistry, and Biology (PCB) combination in your 10+2. It will be also advantageous if you study Mathematics as well at the Class 12 level. 

At Bachelors level, ideal courses are 3-year or 4-year degree courses in Agricultural Science, Agricultural Engineering, Agricultural Science and Technology, or Food Science and Agriculture.

Alternative options at the Bachelors level are Food Science, Biotechnology, Environmental Science, Microbiology, Biochemistry, Botany etc. 

To have a career in R&D, you will require a higher degree (Masters or PhD). You can gain more advantage by pursuing a higher degree from abroad.

Given the scope of business and management within the agricultural sector, Masters degree in Finance, Marketing, Business Analytics, Data Analytics or an MBA can be very helpful.

The agriculture sector demands a lot of planning, problem-solving and management skills. So, a general or specialized MBA can provide you a great career. Some of the key areas of MBA in Agri-Business are Agricultural Markets, Agricultural Pricing, Agricultural Law, Agricultural Trading & Merchandising, Agricultural Economics, Agricultural Data Analytics, and Farm Management. 

Knowledge, Skills & Attributes :

Good communication skills

The ability to analyze and solve problems

The ability to make accurate and detailed observations

Patience

An interest in agriculture and the environment

An understanding of business principles

  Areas and Scientific (R&D) Career Options Within Agricultural Science :  

The major four broad areas under agricultural sciences are food science, plant science, soil science and animal science.

Agriculture Science Job Prospects

Agriculture is a vast and diversified field, offering numerous career options. Other than those directly engaged in farming and other allied activities, the industry needs people in areas of research and development and agro-industry. Then there are specialized areas, with good career prospects, like 

Horticulture, 

Floriculture, 

Dairy,

Poultry Farming, 

Fishery

Agricultural Sales, 

Marketing & Merchandising,

Banking & Audit,

Journalism & Communication and so forth. 

Agriculture Science Pay Package

The monthly remuneration of a fresh graduate in agricultural sciences appointed by respective state or central government starts from Rs.7000 and goes up to Rs.17, 000 depending upon experience and total years of service.

District agricultural inspector/officer gets monthly salary more than Rs.12, 000. The salary of agricultural scientists varies between Rs.18, 000 and 25, 000.

The salary of agricultural science professionals in private sector is more as compared to public sector. They get good salary apart from other benefits as fixed by the respective firm/company.

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[sofiaparker]

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