Opportunities in Commerece

Opportunities in Commerce

There is only one thing which can unite different

people or countries and it is

“Commerce”

Various Subjects in Commerce

Main SubjectsAccountancy

Economics

Commerce

Management

Mathematics

Business law

Cost accounting

Income tax

Auditing

Business finance

Marketing

Banking & Insurance

Other SubjectsEntrepreneurship

Information Technology

Business Regulatory

Framework

Company Laws

Company Accounting

Business

Communications

Business Environment

Management Accounting

Statistics

Human Resource

Various Courses in Commerce

List “C” Courses- Certificate & Diploma

BankingInsuranceMarketingLawTaxationFinanceOther

List “B” Courses- Graduation & Post Graduation

B. ComB.B.A.B.C.A.L.L.B.M. Com.M.C.A.M.B.A.L.L.M.

List “A” Courses- Professional Courses

CA (Chartered Accountant)

CS (Company Secretary)

CMA (Cost & Management Accountant)

CPA (Certified Public Accountant)

CIMA (Chartered Institute of

Management Accountants)

Dip. IFRS (Diploma in International Financial Reporting Standards)

Chartered Accountancy Course

The Institute of Chartered Accountants of India (ICAI)

It is a statutory body established under the

Chartered Accountants Act, 1949 (Act No. 38 of 1949)

for the regulation of the profession of Chartered

Accountancy in India. During its more than sixty years

of existence, the Institute has achieved recognition as a

premier accounting body in India for its contribution in

the fields of education, professional development,

maintenance of high accounting, auditing and ethical

standards. The ICAI now is the second largest

accounting body in the whole world.


Status

Statutory Body Corporate

responsible

to regulate

Chartered Accountancy Profession in India.

Membership >2,00,000

Students >10,20,000

Member's Designations ACA & FCA


Head office New Delhi

Branches 118 Indian Branches and

12 Overseas Chapters

CAs are “Partner in Nation Building"


Role played by a Chartered Accountant

1) A dream career in the specialized areas of Accounting, Auditing,

Corporate Finance, Corporate Laws, Taxation.

2) Highly demanded professionals in industry.

3) Chartered Accountants are statutorily recognized audit practitioners.

4) Highly demanded and sought-after professionals in the practice of

Income-

tax, Service-tax and other indirect tax areas.

5) Technically equipped to act as management consultants.

6) Various other opportunities available- Government departments,

Co-operative sector, Not-for-profit organization (NPO),

University/research bodies, Public sector, Private sector, Global

organizations, Large Accounting firms and consulting services etc.

7) Independent Professional Practices

8) Management Consultancy Services


Areas of expertise include –

financial reporting,

auditing and assurance,

arbitration,

risk management,

economics,

corporate finance,

management accounting,

information systems audit,

corporate law,

direct tax,

indirect tax

valuation of businesses etc.


Company Secretary Course

The Institute of Company Secretaries of India (ICSI)

CS- Company Secretary

The Institute of Company Secretaries of

India, is the premier professional body to develop

and regulate the profession of Company Secretaries

in India. It was set up by an Act of Parliament in

1980. The profession has its origins in England.


Statutory Monopoly and Role of Company Secretary

In India every company having a paid up share capital of Rs. 5

crores or more are required to appoint a qualified person as Company

Secretary. A qualified Company Secretary should be a member of Institute

of Company Secretaries of India headquartered in New Delhi. A company

having not less than Rs. 10 lacs paid up capital and not required to appoint a

full time company Secretary should file with Registrar of Companies, a

compliance certificate signed by a practicing Company Secretary.

Section 383A of the Companies Act, 1956 provides for the

mandatory appointment of a whole time secretary where the paid up capital

of the Company exceeds Rs. 5 crores. In case where the capital is less than

Rs. 5 crores, the company is required to obtain a secretarial compliance

certificate and attach the same to the Directors' Report and file it with the

Registrar of Companies.

Part 1


Statutory Monopoly and Role of Company Secretary

Statutory declarations of compliance under various other provisions of the

Companies Act, 1956 are also to be certified by practicing company secretaries.

Under the MCA 21 e filing regime several forms (including some, exclusively) are

required to be pre-certified by practicing company secretaries.

In the case of companies listed on recognized stock exchanges, the annual returns

are to be signed by a practicing company secretary.

Further, the Securities and Exchange Board of India (SEBI) also recognizes the

Company Secretary as the Compliance Officer and the practicing company

secretary to issue various certificates under its Regulations. Further, the practising

Company Secretaries are also authorised to certify compliance of conditions of

corporate governance in case of listed companies.

The Reserve Bank of India also authorises company secretaries to issue various

certificates.

Part 2



Status Statutory Body Corporate

responsible to regulate

Company Secretary Profession in India.

Membership > 70000 Students >450000

Member's Designations ACS & FCS

Head office New Delhi


Course Structure

CS- Foundation / Optional

CS- Executive Programme

CS- Professional Programme

Cost & Management Accountant

Course

Institute of Cost Accountants of India (CMA)

CWA- Cost and Works Accountant

The Institute of Cost Accountants of India (erstwhile The

Institute of Cost and Works Accountants of India) is a statutory

Professional body established on May 28,1959 under the Cost and

Works Accountants Act, 1959 enacted by the Parliament of India to

regulate the profession of Cost and Management Accountancy in

India. The ICWAI is a Founder Member of International Federation of

Accountants (IFAC), Confederation of Asian and Pacific

Accountants(CAPA), South Asian Federation of Accountants(SAFA).

The main office is situated in Kolkata, and operates through four

regional councils (Kolkata, Chennai, Delhi and Mumbai), and a

number of chapters elsewhere in India and abroad.


Status Statutory Body Corporate

responsible to regulate

Cost & Management Accountancy Profession in India.

Membership > 69000 Students >550000

Member's Designations AICWA &

FICWA

Head office Kolkata


Role of Cost and Works Accountants

* Cost Audit u/s 233B of Companies Act, 1956.

* Valuation Audit u/s 14A of Central Excise Act, 1944.

* CENVAT Audit u/s 14AA of Central Excise Act, 1944.

* Special Audit under Customs Act, 1962.

* Tax Consultancy

* Project Management Consultancy

* Business Valuation

* Internal Auditor for Stock Brokers, Trading Members, etc.

* Management Consultancy Services


Course Structure

CWA- Foundation / Optional

CWA- Intermediate Course

CA- Final Course

Career Opportunities in Commerce

Stream

Traditional Job Opportunities

AccountantManagerOfficerExecutiveSecretaryClerkConsultantOperator

New Improved Opportunities

Chartered AccountantCompany SecretaryCost & Management AccountantCertified AccountantGeneral ManagerChief Executive OfficerChief Financial OfficerManager

New Improved Opportunities

Business ConsultantFinancial PlannerPortfolio ManagerFinance AnalystFinance ControllerStock BrokerSpecialist Officer

Job Opportunities w.r.t. Various Organisations

BanksBank ExamsManagerChief AccountantClerksRelationship ManagerSales ExecutiveSpecialised Officers


InsuranceInsurance ExamsManagerOfficerClerksActuariesSpecialised Officers


Central GovernmentIncome Tax & Other Revenue OfficeC & AGUPSC/ SSCMinistries such as- CBI / RBI / DGFT / MOFPI / MCI / Finance / MCA / MSME etc.


State GovernmentSales Tax & Other Revenue OfficeC & AG (State)Various Ministries of State Govt.MPSC/ STI/ Govt Exams


Public & Private CompaniesCEO / CFO / CA / CS / CWA / MBAAuditorManagerAccountantExecutiveOfficer

Other Job Opportunities

BPO / KPO / MNCsTeacherData Entry OperatorsOperational ManagerMarketing ProfessionalFinance ExecutiveRelationship ManagerSales Executive

Opportunities in Law

Constitutional LawsProperty LawsBanking LawsEnvironmental LawsCompany LawsConsumer Protection LawsFamily LawsLabour and Industrial LawsHuman Rights lawsAdministrative LawsPublic International Laws

Opportunities in Economics

Agricultural EconomicsMacro EconomicsPrinciples of EconomicsIndian EconomicsMacro EconomicsIndustrial EconomicsBanking EconomicsPublic FinanceInternational TradeRegional Economics

Self Employment / Independent

Independent Practice as CA/CS/CMABusiness & Management ConsultantTax ConsultantFinance & Project ConsultantFinance PlannerShare BrokerMarketing ConsultantValuer / ActuariesBusinessman / Entrepreneur

“Education is an ornament in

prosperity and a refuge in adversity”-

Aristotle.