FREQUENTLY ASKED QUESTION

What is CA?

CA is an auditing course called “Chartered Accountancy”. Chartered Accountants are also commonly known as “Auditors”. It is a Post Graduation Professional Course approved by International Federation of Accountants (IFAC) and Association of Indian Universities (AIU).

What is the Minimum Educational Qualification to join either CA or CMA or CS Course?

(+2) HSC Pass of any Group.

How many stages or levels are there in CA/CMA/CS Courses?

There are 4 Stages/Levels in these courses. They are:

  1. Foundation
  2. Intermediate
  3. Practical Training/Article Training/Management Training
  4. Final / Professional Programme.
Is there any opportunity or chance to undergo the CA, CMA & CS Course in Tamil Medium ?

No, it can be done either in English or Hindi only. There is no other medium to pursue any one of these 3 professional courses.

To join and qualify CA, is there any necessity to be a Graduate?

No. Not at all! Hsc (+2) pass is enough from any Group.

CA Degree approved by whom and with whom it has been affiliated?

It has been approved and affiliated with International Federation of Accountants (IFAC) and Association of Indian Universities (AIU). It has been awarded by Institute of Chartered Accountants of India (ICAI), New Delhi which is an Independent Statutory  Body set up by the Parliment of India and functions under the governance of Ministry of Corporate Affairs (MCA), Govt of India.

CA, CMA & CS Professional Courses are awarded by which University or Institution?

No. It is not run by any university in India or abroad, but it is awarded by the Government of India - Ministry of Corporate Affairs, through the respective Institutes, i.e.

  1. CA by ICAI, New Delhi
  2. CMA by ICMAI, Kolkata
  3. CS by ICSI, New Delhi
Can a Qualified Chartered Accountant opt for Civil Service Exams Conducted by UPSC or for any Government Competitive Exams?

Yes ! A Qualified CA or CMA or CS can opt for Civil Service Exams or any other Competitive Exams conducted by the UPSC, New Delhi, on General Category. Even in the Defense Forces, there are Accounting, Auditing Services and they may even become a Defense Estate Officer. They can climb up to the Rank of Controller and  Auditor General (CAG) of India, Which is equivalent to the Rank of a Justice of Supreme Court of India in order of precedence. 

Besides, a CA or CMA or Cs is eligible to appear in any Group - I Services Exams conducted by all State and Union Governments. There is also a Special cadre Exams called “ ICOAS “ (Indian Cost Accounts Service) Exams, specially meant for CMAs to cater all the needs of the Government and Judicial needs in their core area.

Is it true that as somebody says CA Course is really tough?

No. It is not true. It was cracked by many average and below average students and Differently-abled people in India and including in Tamilnadu. There are CAs, who are 100% blind.

Example:

  1. CA Mr. Rajashekar Reddy, Guntur, Andhra Pradesh
  2. CA Mrs. Rajani Gopalakrishnan, Bangalore, Karnataka.
Are CA, CMA and CS Courses Very Expensive?

No. Not at all! The very less expensive professional courses in India are nothing but CA, CMA & CS Courses. But the salary / package / remunerations are the highest to any other.

While studying CA, is it possible for a student to complete a UG or PG like B.com, M.com or MBA as Integrated Programme ?

Yes, undoubtedly! All 3 Institutes ( CA, CMA & CS ) have made Agreements/ MOUs with IGNOU ( Indira Gandhi National Open University ), New Delhi for B.com and M.com Programmes. After clearing Intermediate in these courses, one has to clear only 4 papers for B.com Degree and after clearing the Final Exams, one has to clear 5 papers to get M.com.

Whereas in Bharathiyar University, Coimbatore, one can get either B.com or BBA and M.com or MBA, with the criteria/conditions told above for IGNOU.

          Another wonderful programme is ACCA London, in which our Qualified CA or CMA should clear only 5 Papers at Professional Level ( final ) to get ACCA – London Degree. ACCA Stands for Association of Chartered Cetified Accountants, which has been recognized in 181 Countries in the World.

Why Should an aspirant choose NMC for Coaching for CA/CMA/CS Courses?

It’s because, NMC is unique of its kind in Tamilnadu with full time under ONE ROOF for all subjects; has separate hostels for both Boys & Girls ; has Veg & Non-Veg cuisine with homely South Indian menu; Hygienic, Spacious, Un-interrupted electricity, experience and qualified faculties for all subjects, 4 hrs mandatory study at Evening & Night ; Medical facilities with ambulance; laundry facilities; CCTV surveillance with 24*7 security guards, R.O.Water at College and hostels; Care taking Wardens. Free pick & drop for day scholars; daily home works weekly & monthly exam, Full Model Revisions.

What about the hostel facilities at NMC?

It has separate hostels for boys and girls with tight security arrangements monitored by CCTV cameras. Has attached laundry facilities; 24 hrs uninterrupted electricity; wardens as second parents; compulsory 4hrs evening & Night Study duly monitored by the study supervisors. Has homely food with Veg & Non-Veg Varieties; neat and clean Rest Rooms; Stuffed with beds and furnitures; Spacious study Halls; free browsing centre; libraries, indoor games; play areas. It is nothing but a home away from home.

What are the security measures taken for girl students both at college and hostels?

Separate hostels for girls; separate transportation; separate Dining Halls; separate area in the class rooms; CCTV Surveillance with 24Hrs security guards ; no outing for girls on Sundays and holidays. No android mobiles to any one; limited mobile time daily; very hygienic, neat and clean toilets with napkins destroyer machines. 24Hrs ambulance and Omni stand-by at hostels with experienced drivers; 24Hrs plenty of R.O. Drinking Water and surplus of normal water.

Is there any First Aid and Medical Care for the students of NMC, if they become sick at hostel?

Yes! NMC has tie-ups with multi-specialty Hospitals at Perundurai itself throughout the year. It has 24 Hrs Ambulance Service and the Omni at Stand By at each hostel with experienced drivers. Each hostel has basic Medical Kits with matured wardens; for every hospital visit, the warden will accompany the student and will inform to their parents. Girls students will be accompanied by a Girl's warden.

Do our NMC supports / helps out to get Bank Education Loan for CA, CMA & CS Courses ?

Most of us have no awareness about Education Loan from both Government and Private Sector Banks!

          Maximum 10 Lakhs can be availed as Education Loan right from Foundation level to Final level.

          For aspirants, NMC is providing with Bonafide Certificate and fees structure to the bank Concerned and also recommending to its Branch Manager. Many of the NMC students have availed it and continuing their education. Loan amount includes Tuition fees, Hostel fees, Mess fees, Transportation fees, also to buy Laptop and all kinds of course Materials and Reference Books.

Is it possible by a Tamil medium student to crack CA or CMA or CS successfully?

Yes! Why not? A student from any kind of background or any medium of Instruction or any curriculum / syllabus can successfully complete CA / CMA / CS Professional courses.

What are the major differences between the Engineering Professional Courses and CA, CMA & CS professional Courses?

Well! Though both categories are professional courses, it differs from its rich qualities and professional skills apart from job opportunities, as well. The curriculum mode, Training mode, exam pattern, valuation mode are totally different from each other, we can witness or find hundreds of thousands qualified Engineers are jobless or with very poor package, No one can find either a CA or CMA or CS as jobless or with poor package.

                   Not only in India, but even in  abroad in all the countries, the highly paid professionals are none but Chartered Accountants and Management Accountants. Today, package even for a fresher is not less than 1.5 lacks per month and in abroad it starts from 4 lacks per month.

Apart from above all, the Exams and Practical Training in CA, CMA & CS are at par with global competition and necessities; making of a Chartered Accountant by ICAI, NEW DELHI is incomparable with any other professionals in India and at International level. ICAI, ICMAI and ICSI never compromise with its Qualities and quantity doesn’t matter at all for them. The updating of syllabus according to the need of its stake holders with time to time amendments and upgrading of practical training is very unique in the world, which makes our CA degree as No.1 In India. And one among the top 10 well – stuffed professional courses in the world.

The Board of Studies and its Research wing is the Back Bone of these Institutes which make these professional courses ever alive, ever wanted and ever green both in the corporate world and by the governments at Central, States and Unions.

To crack CA or CMA or CS professional courses, is B.Com Degree mandatory or inevitable?

No, not at all! Just pass in +2 (HSC) of any group is enough to join and crack CA or CMA or CS courses. The minimum Educational Qualification to join the above courses is +2 pass. And it is advisable to all CA aspirants that it is better to join any one of the above professional courses, just after passing +2 (HSC) level. It is because, a student could  save 3 years of time and finish his/ her CA course within 5 years after +2 at the age of 22 itself.

It he / She is willing to crack a B.com degree as integrated while pursuing CA, he / she has to clear only 4 papers either in IGNOU, NEW DELHI or AT BHARATHIYAR UNIVERSITY, Coimbatore. This is not only for CA, but also for both CMA and CS courses. And, after final, one has to clear only 5 papers to get M.com or MBA.

After enjoying the college life, a student becomes addict to social media, cricket series and other cinemas or dramas along with laziness. Besides a graduate directly enters into the article ship training he / she want to get sufficient time for preparations for inter GP-1 & GP-2, Which, naturally, needs through full time Coaching with well qualified and experienced faculties in this field.

Hence, to avoid all the consequences, NMC recommends the students community to choose CA or CMA or CS professional courses, just after passing their + 2 (HSC) of any group.

Is it easy to pass CA foundation, if a student pass his / her +2 (HSC) Under CBSE syllabus pattern? Is it true?

NO! Not at all ! Today’s latest State Syllabus / Matriculation-Higher Secondary syllabus are more superior than CBSE and ICSE syllabus. Hence, it is simply a myth to say that CBSE student is more superior to any other syllabus. At NMC most of the very good scorers/ rank Holders are from state and matric syllabus and even from Tamil Medium.

It is true that CA, CMA, & CS Courses are equivalent to Degree Courses?

Yes! But of course , all these 3 professional courses are equivalent to Post Graduation Degree Courses and no need to reiterative that these courses are purely 200 % Professional Courses.

By clearing the Final Exams, a CA student becomes eligible to go for Doctoral Studies (PhD / Fellowships) in our 101 Universities approved by UGC and Can directly go for Fellowship in 6 IIMS, IIT Chennai & IIT Mumbai. Hence, CA , CMA & CS courses are PG Degree Professional Courses, Obviously.

In which year, NMC had started serving in the field of CA,CMA& CS?

Since 2006 , NMC has been offering state of the art coaching as full time for CA, CMA, & CS professional courses. Now, it is entering into 14th  color full year.

Few words about the Faculty Team of NMC ?

Our faculty team is fully Residential - Full Time ( 24 x 7 x 365 ) , well Qualified and well experienced with Teaching and Industrial background.  They are totally dedicated and target oriented to convert the students into “ Professionals “ in Auditing & Accounting World.

They go desk to desk in the Class Room and make the students vision oriented with real understanding of the subjects and its concepts. As most of the students are from Rural Outskirts with Tamil Medium background , our faculty team takes care of each and every student to be thorough enough to clear the exams in single appearance. They conduct weekly and Monthly Exams along with Full Model Revisions and   Model Exams till a day before of the actual exams conducted by the Institutes.

Are NMC faculties Fulltime or Part-time?

NMC faculties are 200%  Fulltime and mostly residential. We do not have any part-time people for training . Only for the MOTIVATIONAL Speech we bring most Experienced Practicing CAs, CMAs, & CSs or any Top Brain from MNCs; otherwise, NMC has its own Regular Full-Time Residential Faculties Team inside.

How our NMC differs from other similar institutes or Coaching Centers?

Under one single roof, NMC provides full time quality coaching for CA, CMA & CS professional courses since last 13 years which is unique of its kind in Tamil Nadu. NMC provides 6 hrs of solid coaching every day from Monday to Saturday and 4 Hrs of compulsory Study hours at evening and night every day duly monitored by the qualified study Supervisors. Our faculties are professionally qualified and well- experienced with at most dedication and innovation.

 NMC believes only in practice and perfection through repeated tests and model Exams; nothing can replace the diligence with pre planning and execution. Luck favors only the right students with immense practice. Except the learning and practicing there are no worries to a NMC student during his course of study and stay. All the necessary and basic needs and amenities are well full filled to them and without any worries and agonies, a NMC student may excel in his studies and achieve the target.

Keeping in mind about all basic needs, NMC Management has created a very positive ambience and pleasing atmosphere for each and every student from Tamilnadu to make his dream come true at the right time and also as a Qualified Professional.

What are the achievements of NMC since last 13 successfull years?
  1. NMC has produced All India Rank -32 in CMA Inter & All India Rank -22 in CS foundation
  2. NMC has given Minimum of 70 % and a Maximum of 87% in CA-CPT exams in yester years.
  3. 100 % Result in CMA and CS foundation Every year. & 100 % Result in CMA_ CAT every year.
  4. 30 % Result in CA- Inter
  5. 63% Result in CMA-Inter

Apart from all, We are Re-making and Re-shaping the Village Rural students into No.1 professional with our diligence, dedication & motivation by sharing them a great path of prosperities and Innovation. Only this process and our Achievements makes us very proud and give us fulfillment in this field.

Is it true in CA,CMA& CS Courses that if a student fails in any one single paper, has he/ she should appear for all other papers in that unit / Group again though he / she got pass marks?

No! it is true only in Foundation Levels ( CA – Foundation, CMA – Foundation and CS Foundation)/ but , not in intermediate and final levels in these all 3 professional courses. Inter and Final levels have EXEMPTIONS in all groups.

If a student fails in a group and he get 60% or above in the remaining papers, he is EXEMPTED from Re appearing. He has to appear in both the failed one and the paper with below  60% of marks.

If a student appears for both the groups and if he scores only 160 in one group (40% marks in each 4 paper) and scores more than 50% aggregate in another group, the excess marks will be carry  forwarded/ taken into account for pass in the other group, in which the aggregate is less (less than 200).

 Hence , students need not be scared with the pass and fail system in these courses, All 3 institutes have put the same rules in this area. There is NO EXEMPTIONS  in Foundation Levels.

What are job opportunities available in India for a CA / CMA / CS ?

All Central State and Union Governments recruiting CA / CMA / CS Qualified or Semi Qualified  Professionals as top Executive officers as Managers, GM, Chief Financial Officer or Cotrollers, Chief Executive Officer, Auditors, Project Director ( finance ), Arbitrators, Valuers, Compliance officers, Cost Auditors, Cost Controllers, Certifiers, Directors, comptroller and Auditor General, etc …Through UPSC, a CA or CMA or CS qualified Professionals may also enter into IAS, IPS, IFS, IRS, IAAS, ICS, Cadres & reach the highest ranks in their area / Department.

In Banking and Insurance Sectors, they may directly join as Branch Managers and reach up to the level of CEOs cum MDs and Chairman / Chair Person of that Bank.

And in the Private Sectors, they are being welcomed with Red – Carpets with huge remuneration and other facilities.

They are the Masters in Finance Domains, Cost Domain and Compliance Domain. They are the Brain and Backbones of the Industries in which they are serving.

CA, CMA & CS Professionals can do their Own Practice in our Country in any State or Province. Total Indian Corporate World – both Manufacturing and Service Industries are Longing with Red Carpet for CA, CMA & CS Qualified and Semi Qualified Professionals.

What are the Jobs and Own Practice Opportunities in abroad for CA, CMA & CS Qualified Professionals ?

A Chartered Accountant Passed out from ICAI, New Delhi Can do his own practice both in India and in all the Gulf Countries. By Clearing only 2 papers at final level at Australia and New Zealand, our Indian CAs can do their own Practice there.

          But to join as an Employee in any local or MNCs, our CAs, CMAs and CSs are very eligible everywhere with the highest salary in the industries at top Executive level. CA and CMA, both the PG Degrees are approved by International Federation of Accountants ( IFAC ) and the curriculum of the both are based on International Educational standards Board and International Accounting Standards. Hence, our CAs and CMAs are recognized globally and welcomed with the Red Carpet by MNCs at all countries throughout the Globe.

          Our CMAs may directly join IMA, US or any other Management Accountants Body in the world as its “ Member “ by just paying its Membership Fee; they do not need to clear any paper for the same. But, only in CIMA – London, UK, Our CMAs have to clear only one paper called “ Strategic case study Report “ to become its Registered Member; by which our CMAs become CGMAs ( Chartered Global Management Accountants ).

          CGMAs always use to deal with the MNCs either its Head or as their Clients in the area of Cost Efficiency, Market Survey, Valuation, Eco friendly productions, etc. CGMAs are highly rewarded Professionals in the world and they are just 51,000  members in count globally. Their importance in the Corporate world is inevitable and their Role is the highest at top brands.

          Company Secretaries have been recognized in all South East Asia countries and their Semi Qualification and Final qualification have been recognized as UG and PG Degree both in UAE and UK. By clearing 3 papers at Professional level in ICSA – London, our CS Professionals may become a member in it and ultimately can continue their own practice in UK, Europe, South Asia and in all countries, wherever ICSE – London Degree approved.

          As our CAs, CMAs and CSs are very skilled, disciplined and perfect Professionals, they are Welcomed on Top Priority basis globally.

Are NMC students permitted to use Cell/ Mobile Phones at hostel And College?

At college , mobile /cell phones are totally restricted and not allowed at any cost for the students; but, at hostel, they are permitted only 30 minutes per day only with basic model Phones. Android/ SMART PHONES are totally restricted in both hostel and college. One should not forget that mobile phones and social media are time killers and mind corrupting, devices and both create great hurdles in the way of success.

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