20
May, 2023
CA Satish Jalan
Being a Chartered Accountant is a demanding and rewarding profession that involves dedication, hard work, and a passion for information.
Yet, in today's competitive job environment, simply having a CA degree is not enough. It is important to upskill and add extra qualifications to your Resume if you want to stand out and advance your career.
One way to accomplish this is to pursue extra courses or certifications in addition to your CA Articleship.
This not only improves your knowledge and skills but also shows your dedication to your profession and willingness to go above and beyond.
Students majoring in accounting can advance their professional prospects, gain a competitive edge, and contribute significantly to their organizations by investing in these courses.
Now, let's get started and look at the courses that can assist CA students to advance in their careers.
Table Of Content
The Cost and Management Accountant (CMA) course can be taken along with the CA articleship. It is an internationally recognized certification course that focuses on cost accounting and management accounting and provides more specialized cost accounting expertise than the CA course.
CMA-certified professionals might look into a variety of work opportunities with good pay. Taking the CMA course with the CA articleship can be a wise decision for CA students who want to specialize in cost accounting and management accounting.
The combination of CA and CS courses can be an excellent option for dual specialization. The CS course topics are similar and easier than the CA course topics, making it possible to study both at the same time. The CS course fee is very minimal, making it affordable.
Students can easily handle management and administration positions, as well as finance and accounts if they pursue CS with CA.
This opens up a variety of professional choices and can help them advance up the career ladder more quickly.
For CA students interested in finance, stock markets, corporate finance, equities research, investment banking, and portfolio management, combining a CFA certification with a CA degree is an excellent option.
The CFA program is internationally renowned and offers frequent tests, making it easy to integrate into a CA student's schedule.
CA students have an edge in the first level of the CFA program because it is relatively easy and similar to some CA course subjects.
Taking both courses at the same time can be difficult because they both take a large amount of time and attention.
Students may choose to pursue the CFA program after earning their CA degree if they believe that pursuing both simultaneously may have an adverse effect on their performance.
The Diploma in Information Systems Audit is a certification program that focuses on auditing information systems in today's technology-driven business environment.
This course offers a thorough understanding of computer hardware, software, and their interactions, as well as their use in strategic corporate decision-making.
It also discusses database management systems and how to utilize them to arrange corporate data. Overall, this course is beneficial to those interested in technology, particularly information system audits, as well as enterprises.
FRM (Financial Risk Manager) is a high-demand certification course that can improve CA candidates' employment prospects in the financial sector.
It provides actual exposure to the workings of the finance business and is highly regarded by leading organizations in India.
The FRM certification increases the value of a candidate's portfolio and education, making them more appealing to businesses seeking people with excellent finance backgrounds and risk management skills.
CA students who complete the FRM program can earn an average of 7-8 lakh per year, making finance a profitable career option.
The Association of Chartered Certified Accountants (ACCA) provides a globally recognized accounting and financial program that allows students to practice in 180 countries worldwide.
ACCA, known for its educational excellence, covers a wide range of courses, providing students with practical skills and information for the profession. With its comprehensive curriculum and international recognition, ACCA can open up a world of job prospects for aspiring accounting and financial professionals.
Finally, taking an additional course during your CA articleship can help you advance your career. However, it is crucial to remember that under the Chartered Accountants Regulation, individuals must acquire approval from the ICAI before enrolling in any additional courses during their articleship.
This can be accomplished by filing Form No. 112. It is a simple procedure that can assist prevent any potential problems in the future. You can find all the regulations and norms inside the form pdf.
To Download The Form No. 112 Click Here
To see the details regulation about Form No. 112 Click Here
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