WHY CA AFTER 12th?

    In this Competitive world, a student from Tamil Nadu has to be very aware of the day to day happenings and every lucrative opportunities in this world, to fix his Goal and Passion to lead a very successful and prosperous life by selecting the right Higher Education. This Golden Period of 4 to 5 years determines the Entire Future of his life. That is why, it’s essential for every student to know the importance of  Chartered Accountancy Course and its benefits & endless opportunities it offers, which is mostly unknown to majority of the population. Chartered Accountancy Course is a Highly Professional Course and it needs a dedicative preparation to crack the exams. It’s not tough but at the same time it’s not easy to clear with last minute preparation.  A minimum of 10 Hours per day is necessary to clear the exams in first attempt, so the same dedication and effort you put into X, XI and XII STD is needed to become a CA. So it’s easy for students  to cope up with the study curriculum immediately after finishing +2 when you are more disciplined for a dedicative study routine. Advantages by opting CA, just after passing +2: ( a ) They can save 3 years of time just to get an Academic Degree at any Arts & Science Colleges. ( b ) Most importantly, their “ATTITUDE” as a school student, in which they have been trained to follow a study pattern which is a great asset and key to success in CA Course. ( c ) Most of the +2 students are away from social media, TVs, Cricket matches like IPL and whatsapp, etc till they pass their +2 exams, all these are positive habits which enables  them to save time and keep away from distractions and disturbances. ( d ) Every X, XI, XII Students are spending at least 10 to 14 hrs per day for their studies just to score good marks in their Board Exams , if they join CA – Foundation just after their +2, the same attitude will be followed in their CA Course, as well , which will lead a student to achieve even All India Rank. ( e ) The University Syllabus for a UG Degree is little easy to pass as they are Academic Courses but, CA is a professional course and it smart and hard work and every student should do their Daily home works, Self Practices and weekly and monthly tests along with model Exam / Mock exams at every level. All these practices take place in every school right from the X std to XII std. ( f ) Apart from all the above reasons, a +2 passed out students has to join CA – Foundation Level in his CA course which is a enriched and international curriculum based on the International Educational Standards Board and International Accounting Standards. This will make a +2 passed Foundation Level Entry Student to learn all the necessary basics of all required subjects. It is really greater and deeper than the university syllabus with professional level depth. A +2 passed student, who joins in CA at Foundation Level, ought to clear either or both the Groups at Intermediate Level to join the Articled Training, it enables him to study the Inter syllabus in depth for about a year at Full Time Auditing College like NMC, Which is ultimately making his subject knowledge very thorough and to master in it. Naturally, it totally minimizes the failure ratio among +2 passed CA students who come from Foundation Level. For any CA student, the In-depth Full Time rigorous Intensive coaching is very essential and mandatory at least at the level of Intermediate for both the groups. It becomes Routine and compulsory for every +2 passed students, who directly joins the CA course. Hence, it is advised to join CA just after passing +2 exams.

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Role of Cost and Management Accountancy (CMA)

A CMA is a person who performs services like Costing, Pricing of goods and services, prepares, Verifies or Certifies Cost Accounting, and prepares related statements. A CMA’s main job is analysing the Cost and to devise ways to reduce it. Apart from this a CMA is also expected to evaluate operating efficiency and effectiveness of production and service management in different departments of an Organization. A CMA is the first whistle-blower, who alerts the Management on issues of purchase price, inventory, human costs and related issues. He is also an Efficiency Auditor so that the company saves money and time in manufacturing and distribution operations. A CMA is a advisor on profitable product mix, identify business risks and ensure mitigation. The employment avenues for CMA’s are various and can range from holding key positions such as Chief Finance Officer , Chief Executive Officer, Finance Manager to the Chairman, Managing Director and Finance Director in Multi National Companies, Private and Public Sectors , Central & State Government Institutions. The Govt of India has constituted an All – India Cadre known as Indian Cost Accounts Service ( ICOAS) at par with other Class-I Cadre like IAS, IPS, IFS etc to advice the Government in Cost Pricing and in framing the appropriate fiscal and tax policies. Now, the Govt of India has also entrusted the CMAs for handling GST, as well, in the area of Business Advisory Services, Procedural Compliances, Transitional Partner, Representation under Dispute Resolution post GST , Audit & Assurance, Systems Audit and Systems Development to be GST compliant, Accounting and IT Infrastructure and Training to the Corporate World / all Business Sectors.

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Role of CAs / Auditors

Providing Financial, Business advice, audit on accounts and providing trustworthy information about Financial Records involving Financial Reporting , Taxation, Auditing, Forensic Accounting , Corporate Finance, Business Recovery and Insolvency, Accounting Systems and process, International Taxation, Insurance and Risk Management Services, Maintaining Indian and International Accounting Standards, Tax Planning, and GST related services.

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Role of Company Secretary

1. Corporate Affairs 2. Corporate Compliance management 3. Corporate Governance , Secretarial Services, Business Ethics and Certification Services 4. Representation Services like on behalf of Company Law Board, National Company Law Tribunal, Competition Commission of India, Securities Appellate Tribunal, Registrar of Companies, Consumer Forums, Telecom Disputes Settlement and Appellate Tribunal Tax Tribunals and Quasi-judicial bodies and Tribunals. 5. Arbitration and Conciliation Services like Advising on arbitration , negotiation and conciliation in commercial disputes between the parties; Acting as Arbitrator Conciliator in Domestic and International Commercial disputes; Drafting Arbitration conciliation Agreement / clause. 6. Financial Market Services in the area of Public Issue, Listing and Securities Management as an Advisor / Consultant in issue of shares and other securities in India and abroad; Listing / De-Listing of securities; private placement of securities; Buy-back of shares; Raising of Funds from International Markets – ADR / GDR / ECB; Acting as Compliance Officer under Listing Agreement; Compliance Officer for various Capital Market Intermediaries. 7. Take-Over code and Insider Trading . 8. Securities Management and Compliance 9. Banking Services like Diligence Report; Loan Syndication; Loan Documentation; Registration of charges; Status and Search Report 10. Finance and Accounting Services 11. Human Resources Management like Advising on Industrial and Labour Laws; Manpower planning and development; Performance appraisal; Motivation and Renumeration Strategies; Audit of the HR function; Office Management, Work Studies and Performance standards; Maintaining Industrial relations; Preparation of Project Reports and Attaining Cultural Integration. 12. Information Technology services like Advising on IT related IPR; Maintaining Statutory Records in electronic from; E-filling of Forms / Documents; Compliance with Cyber Laws and Conducting Board Meetings through Video – Conferencing and Tele-Conferencing. 13. Managing Corporate Excellence. 14. Investor Relations. 15. International Trade and World Trade Organization Services like Advising on all matters related to IPRs and TRIPs Agreement of WTO; anti – dumping , safeguard duties and countervailing duties; International Commercial Arbitration; Foreign Trade Policy and Procedures; Intellectual Property Licensing and drafting of Agreement and Acting as Registered Trade Mark Agent. 16. Taxation Services 17. Corporate Communications and Public Relations.

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