13 Aug
Blog

An Average Salary of a CA in India

Introduction

It us a well known fact that CAs play a very important role in the Indian economy, they make sure that businesses follow financial regulations & also maintain transparency. Their work is essential in sectors such as government, private businesses & multinational corporations. With the increasing complexity of financial systems & business expansion, there is a growing demand for CAs across industries like banking, manufacturing & information technology.

Chartered Accountant’s Average Salary in India

The average salary of a CAs in India is based on different factors that include experience, skills, & industry. On average a CA in India earns between ₹6-7 lakhs. However this amount can increase particularly depending on the CA’s level of expertise and the organization they work for.

Chartered Accountant Salary - Big 4 Auditing Firms

The Big 4 auditing firms—KPMG, Deloitte, PricewaterhouseCoopers [PwC], and Ernst & Young [EY]—are among the most famousand well respected employers for CAs. These firms offer really good starting salaries for fresh CAs typically around ₹6-8 lakhs per annum. With 4-5 years of experience CA can earn approximately ₹23 lakhs annually in these firms. The Big 4 are known for their complete training programs and diverse exposuremaking them highlysought after by CAs looking to advance their careers.

CA Salary in India for a Fresher

Freshly qualified CAs in India can expect a starting salary ranging from ₹6-7 lakhs per annually. This salary is based on factors such as the CA’s performance in their final exams, the number of attempts taken to pass, and whether they achieved a rank. The ICAI conductts placement programs that allow fresh CAs to secure jobs with competitive salaries based on their merit & skills.

Salary of CA in India on the Basis of Experience

Experience is the key of a CA’s salary in India. A CA with 3-5 years of experience can expect to earn around ₹12 lakhs per annum. Those with 10-20 years of experience can earn up to ₹20 lakhs annually, while highly experienced CAs with over 20 years in the field can earn between ₹50-70 lakhs. Company value experienced CAs for their ability to handle complex fiinancial situations & provide strategic insights.

A Chartered Accountant's Salary on the Basis of Skills

A CA’s salary can also vary based on their skills. CAs with expertise in areas such as budget management, strategic -accounts, and financial- analysis tend to earn higher salaries. For example, a CA who specializes in budget management can earn between ₹9-11.5 lakhs per annum while those with skills in financial analysis might earn between ₹7-8.5 lakhs annually. Skills such as auditing, tax-consulting, & financial reporting are also highly valued and contribute to a CA’s earning potential.

How Much Does a Chartered Accountant in India Earn Based on Job Profile?

The job profile of a CA significantlly impacts their salary. CAs can work in various roles, including Finance Manager, Accountant & Financial Analyst. Here’s a breakdown of average salaries based on different job profiles:

  • Finance Manager — ₹30-35 lakhs per annum
  • Account Executive — ₹20-25 lakhs per annum
  • Financial Controller — ₹18-19 lakhs per annum
  • Financial Analyst — ₹5-6 lakhs per annum
  • Assistant Account Manager — ₹4-5 lakhs per annum

CAs with specialized skills and knowledge in their job profile can get higher salaries, making the field of chartered accountancy both rewarding & dynamic.

So, career as a Chartered Accountant in India offers many opportunities for growth & financial stability. With the right skills and experience CAs can achieve impressive salaries and contribute significantly to the businesses and industries they serve.

30 Jul
Blog

CA Final Exam Dates for Nov 2024 (Out), Eligibility Criteria, Registration, Syllabus

In India if one wants to be a CA they have to appear for the CA Final Exam, the third and final level of the Chartered Accountancy course conducted by the Institute of Chartered Accountants of India (ICAI). The CA Final Exam is tests the knowledge and skills of aspiring CAs. For those preparing for the November 2024 session, here’s an all-encompassing guide by Amit Bachhawat Training Forum, covering exam dates, eligibility criteria, registration process, syllabus, and more.

CA Final Exam Dates for Nov 2024

The ICAI has officially anounced the schedule for the CA Final exams for the November 2024 session. These exams are spread over a period of 11 days, allowing candidates adequate time to prepare betweens papers. Here’s a detailed breakdown of the exam dates:

Date Group Paper
November 1, 2024 Group I Paper 1: Financial Reporting
November 3, 2024 Group I Paper 2: Advanced Financial Management
November 5, 2024 Group I Paper 3: Advanced Auditing and Professional Ethics
November 7, 2024 Group II Paper 4: Direct Tax Laws and International Taxation
November 9, 2024 Group II Paper 5: Indirect Tax Laws
November 11, 2024 Group II Paper 6: Integrated Business Solutions

CA Final Eligibility Criteria

To be eligible for the CA Final Exam, candidates must meet specific criteria set by ICAI. Here’s what you need to qualify:

  1. Completion of CA Intermediate: Candidates must have cleared both groups of the CA Intermediate exam.
  2. Articleship Training: Candidates must have completed 2.5 years of practical training (articleship) under a practicing CA.
  3. Advanced ITT and MCS: For those transitioning from the old scheme to the new one, completion of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) is mandatory.

CA Final Registration

Registration for the CA Final Exam is an ongoing process and can be completed online through the ICAI’s Self Service Portal. For the November 2024 session, it is essential to adhere to the following dates to avoid late fees:

Registration Process Dates
Registration Opens August 7, 2024
Last Date (without late fee) August 20, 2024
Last Date (with late fee) August 23, 2024

Step-by-Step Registration Process:

  1. Visit the official ICAI website: icai.org.
  2. Click on the “Self Service Portal” and log in with your User ID and password.
  3. Complete the CA Final application form by filling in all required details.
  4. Upload the necessary documents, including proof of articleship completion and previous exam qualifications.
  5. Make the required payment online and save the receipt for future reference.

CA Final Syllabus

The CA Final syllabus is divided into two groups, each containing three papers. The syllabus covers advanced topics in accounting, auditing, taxation, and strategic management. Here’s an overview of the subjects: 

Group I

  1. Paper 1: Financial Reporting – Covers advanced accounting standards and financial statements.
  2. Paper 2: Advanced Financial Management – Focuses on financial strategy, risk management, and capital markets.
  3. Paper 3: Advanced Auditing and Professional Ethics – Deals with auditing standards, practices, and ethics. 

Group II

  1. Paper 4: Direct Tax Laws and International Taxation – Involves in-depth study of direct taxes and global taxation principles.
  2. Paper 5: Indirect Tax Laws – Covers Goods and Services Tax (GST) and customs laws.
  3. Paper 6: Integrated Business Solutions – A multidisciplinary case study paper incorporating strategic management concepts.

CA Final Time Table

Understanding the exam timetable is crucial for effective preparation. The CA Final exams are conducted in the afternoon session from 2 PM to 5 PM. Here’s a concise table outlining the exam schedule:

Date Group Paper
November 1, 2024 Group I Paper 1: Financial Reporting
November 3, 2024 Group I Paper 2: Advanced Financial Management
November 5, 2024 Group I Paper 3: Advanced Auditing and Professional Ethics
November 7, 2024 Group II Paper 4: Direct Tax Laws and International Taxation
November 9, 2024 Group II Paper 5: Indirect Tax Laws
November 11, 2024 Group II Paper 6: Integrated Business Solutions

ICAI Exam Schedule for 2024

In addition to the CA Final exams, ICAI conducts various other exams throughout the year. Here’s an overview of the major exam sessions for 2024:

Exam Session Dates
CA Foundation May & November May: 1st to 7th, November: 1st to 7th
CA Intermediate May & November May: 2nd to 18th, November: 2nd to 18th
CA Final May & November May: 1st to 15th, November: 1st to 15th

Key Points for ICAI Exam Schedule

  • Frequency: CA exams are conducted twice a year in May and November.
  • Mode: All exams are held in offline mode.
  • Timings: Exams are typically held from 2 PM to 5 PM.

Conclusion

The CA Final Exam is a crucial milestone for every aspiring Chartered Accountant. Proper understanding of the exam dates, eligibility criteria, registration process, syllabus, and timetable is essential for successful preparation. Stay updated with the ICAI notifications and make sure to adhere to the deadlines to avoid any last-minute hassles. With a propere preparation and a strategic study plan, you can achieve success in the CA Final Nov 2024 exams.

For more detailed guidance and study resources, visit the Amit Bachhawat Training Forum website and connect with experts who can help you with your CA journey effectively.

Steps to Become Company Secretary
17 Jul
Uncategorized

Steps to Become a Company Secretary

Introduction

A Company Secretary ensures that a company adheres to all legal and regulatory requirements, providing critical support in governance, compliance, and corporate administration. For those aspiring to become a Company Secretary, the journey involves a series of well-defined stages that equip them with the necessary knowledge and skills to excel in this pivotal role. This comprehensive guide will walk you through each stage, from understanding the role to pursuing continuous professional education.

Understanding the Role of a Company Secretary

A Company Secretary is a key managerial personnel in a company, responsible for ensuring that the organization complies with statutory and regulatory requirements. They act as a bridge between the board of directors, shareholders, and regulatory authorities, ensuring smooth communication and adherence to governance practices. The CS also handles corporate law, secretarial audits, compliance management, and due diligence. Their expertise in these areas helps maintain the company’s integrity, efficiency, and compliance with the law.

Explore More : https://amitbachhawat.com/

Educational Requirements

The new scheme officially came into effect on July 1, 2023, as per the announcement in the Indian Gazette on June 22, 2023. The first examinations under this scheme will be held in May 2024. This update requires current and prospective CA students to plan their studies according to the new structure and guidelines provided by ICAI.

The journey to becoming a Company Secretary begins with fulfilling the educational prerequisites. There are two main entry points:

Entry Point Eligibility
After 10+2 Pass or Equivalent Students can join the Foundation Programme, which lays the groundwork for further studies in this field.
After Graduation Graduates can directly enroll in the Executive Programme, bypassing the Foundation Programme.

The courses are structured to provide a robust foundation in various aspects of company law, governance, and management, regardless of the student’s previous academic background.

Enrolling for Company Secretary Course

To enroll in the Company Secretary course, students must register with the Institute of Company Secretaries of India (ICSI). Admission is open throughout the year, with examinations conducted twice annually, in June and December.

Programme Cut-off Dates for Admission
Foundation Programme 31st March (for December exams), 30th September (for June exams)
Executive Programme 28th February (for both modules in December exams), 31st May (for single module in December exams), 31st August (for both modules in June exams), 30th November (for single module in June exams)

Clearing the Examinations

The CS course is divided into three stages:

Programme Modules and Papers Subjects
Foundation Programme 4 Papers Business Environment and Law, Business Management, Ethics & Entrepreneurship, Business Economics, Fundamentals of Accounting and Auditing
Executive Programme 2 Modules, 8 Papers Module I: Jurisprudence, Interpretation & General Laws, Company Law, Setting Up of Business Entities and Closure, Tax Laws <br> Module II: Corporate & Management Accounting, Securities Laws & Capital Markets, Economic, Business and Commercial Laws, Financial and Strategic Management
Professional Programme 3 Modules, 9 Papers Module I: Governance, Risk Management, Compliances and Ethics, Advanced Tax Laws, Drafting, Pleadings and Appearances <br> Module II: Secretarial Audit, Corporate Restructuring, Resolution of Corporate Disputes <br> Module III: Corporate Funding & Listings in Stock Exchanges, Multidisciplinary Case Studies, Electives (Choose 1 out of 8 subjects)

Practical Training and Internships

Practical training is an integral part of the CS course, providing hands-on experience in the corporate environment. The training structure has been modified to include long-term internships with specified entities.

Training Duration Stage
Three years On registration to the Executive Programme
Two years After passing the Executive Programme
One year After passing the Professional Programme

Additionally, students must complete a 15-day Management Skills Orientation Programme (MSOP) to enhance their managerial abilities.

Also Read : https://amitbachhawat.com/icai-ca-new-scheme-2024-latest-updates-new-syllabus/

Registering as a Member of the Institute

Upon successfully completing the Professional Programme and the required training, candidates can register as members of the ICSI. This registration is crucial for practicing as a Company Secretary. Members are entitled to use the designation ‘ACS’ (Associate Company Secretary) and can further advance to ‘FCS’ (Fellow Company Secretary) based on their experience and contributions to the profession.

Continuing Professional Education

Continuing Professional Education (CPE) is essential for staying updated with the latest developments in laws, regulations, and corporate governance practices. ICSI mandates that members participate in ongoing education programs, workshops, and seminars to maintain their professional competence. This commitment to lifelong learning ensures that Company Secretaries can provide the best possible advice and services to their organizations.

Career Opportunities and Growth

The career opportunities for Company Secretaries are diverse and rewarding. They can work in various sectors, including corporate, government, finance, and consultancy.

Career Roles Description
Company Secretary Ensures compliance with statutory and regulatory requirements, manages board meetings, and maintains corporate records.
Compliance Officer Ensures that the company adheres to internal policies and external regulations.
Corporate Governance Advisor Advises on best practices in corporate governance, risk management, and compliance.
Legal Advisor Provides legal guidance on corporate matters, mergers and acquisitions, and other business transactions.
Chief Financial Officer (CFO) Manages the financial actions of a company, including financial planning and financial risk management.
Chief Executive Officer (CEO) Oversees the overall operations of a company and is the highest-ranking executive in an organization.
Board Director Participates in decision-making processes at the highest level, influencing the strategic direction of the company.

Conclusion

Company Secretary is a prestigious and fulfilling career choice, offering numerous opportunities for growth and advancement. The journey involves rigorous academic training, practical experience, and a commitment to continuous professional development. By following the stages outlined in this guide, aspiring Company Secretaries can build a successful and impactful career, contributing to the integrity and efficiency of the corporate world. At Amit Bachhawat Training Forum, we are dedicated to supporting you through every step of this journey, ensuring you have the knowledge and skills needed to excel in this vital profession.

ICAI CA New Scheme 2024
12 Jul
Blog

ICAI CA New Scheme 2024 – Latest Updates & New Syllabus

Introduction

The Institute of Chartered Accountants of India (ICAI) has introduced a new scheme for the Chartered Accountancy (CA) course, which took effect on July 1, 2023. This new scheme brings significant changes to the curriculum, training duration, and overall structure of the CA course, aimed at making it more aligned with international standards and the National Education Policy 2020 (NEP). The first exams under this new scheme will be conducted in May 2024. This comprehensive guide provides all the latest updates and details about the new syllabus.

ICAI CA New Scheme of Education and Training 2024

The new scheme of education and training introduced by ICAI is designed to streamline the process of becoming a Chartered Accountant. It reduces the duration of articleship training and updates the syllabus to better equip students with the necessary skills and knowledge for the profession.

Key Changes in the New Scheme:

  • Reduction in the number of subjects and papers at each level.
  • Reduction in the articleship training period from 3 years to 2 years.
  • Introduction of self-paced modules.
  • Changes in passing criteria and exam patterns.

Latest Update on ICAI CA New Course

The new scheme officially came into effect on July 1, 2023, as per the announcement in the Indian Gazette on June 22, 2023. The first examinations under this scheme will be held in May 2024. This update requires current and prospective CA students to plan their studies according to the new structure and guidelines provided by ICAI.

CA Foundation New Course 2024

The CA Foundation course under the new scheme has been streamlined to make it more manageable and focused.

Changes in CA Foundation Course:

  • Number of subjects reduced from 6 to 4.
  • Registration after 10th grade.
  • Registration validity for four years without revalidation.

Know More: https://amitbachhawat.com/product-category/ca-courses/ca-foundation-pendrive-classes/

CA Foundation New Syllabus 2024

In the new syllabus for CA Foundation, two subjects have been removed, simplifying the course structure.

New Syllabus:

  1. Paper 1: Accounting
  2. Paper 2: Business Laws
  3. Paper 3: Quantitative Aptitude (Business Mathematics, Logical Reasoning, Statistics)
  4. Paper 4: Business Economics

CA Foundation Passing Criteria

The passing criteria have been updated to ensure students have a thorough understanding of the subjects.

New Passing Criteria:

  • Minimum 50% marks to pass.
  • Negative marking of 0.25 for each wrong MCQ answer

CA Intermediate Course under New Scheme 2024

The CA Intermediate course has also undergone significant changes, reducing the number of papers and updating the registration validity.

Changes in CA Intermediate Course:

  • Papers reduced from 8 to 6.
  • Registration validity increased from 4 years to 5 years (with one revalidation allowed).

CA Intermediate New Syllabus 2024

The new syllabus for CA Intermediate merges certain papers and removes others to focus on core areas.

New Syllabus:

Current Paper New Paper
Paper 1: Accounting Paper 1: Advanced Accounting
Paper 5: Advanced Accounting
Paper 2: Corporate and Other Laws Paper 2: Corporate Laws
Paper 3: Cost and Management Accounting Paper 3: Cost and Management Accounting
Paper 4: Taxation Paper 4: Taxation
Paper 6: Auditing and Assurance Paper 5: Auditing and Code of Ethics
Paper 7: Enterprise Information System & Strategic Management Paper 6A: Financial Management (50 Marks)
Paper 8: Financial Management & Economics for Finance Paper 6B: Strategic Management (50 Marks)

CA Intermediate Passing Criteria

The passing criteria for CA Intermediate have been updated to include more objective questions and negative marking.

New Passing Criteria:

  • 30% MCQ-based questions in all 6 papers.
  • Negative marking of 0.25 for each wrong answer.

CA Intermediate Exam Pattern under New Scheme

The new exam pattern for CA Intermediate focuses on a mix of subjective and objective questions to test students’ comprehensive understanding.

New Exam Pattern:

Paper Subjective Marks Objective Marks
Paper 1: Advanced Accounting 70 30
Paper 2: Corporate Laws 70 30
Paper 3: Cost and Management Accounting 70 30
Paper 4: Taxation 70 30
Paper 5: Auditing and Code of Ethics 70 30
Paper 6A: Financial Management 35 15
Paper 6B: Strategic Management 35 15

CA Articleship Training

The articleship training period has been reduced, and new eligibility criteria have been set to ensure students focus on practical training.

Duration: Reduced from 3 years to 2 years.

CA Articleship Eligibility

New Eligibility Criteria:

  • Clear both groups of CA Intermediate.
  • Completion of ICITSS training.

CA Final Course under New Scheme of Education and Training

The CA Final course now includes fewer papers and incorporates self-paced modules for a more flexible learning approach.

Eligibility:

  • Pass both groups of CA Intermediate.
  • Complete ICITSS training.
  • Clear all self-paced modules.

CA Final New Syllabus 2024

The new syllabus for CA Final focuses on core areas and removes certain subjects to streamline the course.

New Syllabus:

Current Paper New Paper
Paper 1: Financial Reporting Paper 1: Financial Reporting
Paper 2: Strategic Financial Management Paper 2: Advanced Financial Management
Paper 3: Advanced Auditing & Professional Ethics Paper 3: Advanced Auditing & Professional Ethics
Paper 4: Corporate and Economics Laws Self-Paced Online Module
Paper 5: Strategic Cost Management & Performance Evaluation Self-Paced Online Module
Paper 7: Direct Tax Laws and International Taxation Paper 4: Direct Tax Laws and International Taxation
Paper 8: Indirect Tax Laws Paper 5: Indirect Tax Laws
Paper 6: Multi-Disciplinary Case Study with Strategic Management

CA Final Exam Pattern 2024

The exam pattern for CA Final includes both subjective and objective questions, with a focus on practical and analytical skills.

New Exam Pattern:

Paper Subjective Marks Objective Marks
Paper 1: Financial Reporting 70 30
Paper 2: Advanced Financial Management 70 30
Paper 3: Advanced Auditing & Professional Ethics 70 30
Paper 4: Multi-Disciplinary Case Study with Strategic Management 70 30
Paper 5: Direct Tax Laws and International Taxation 70 30
Paper 6: Indirect Tax Laws 35 15

FAQs

Q5: How do you register under the New Scheme of Education and Training?

Students need to register for Foundation, Intermediate, or Final levels through the Self Service Portal (SSP) at ICAI SSP.

Q4: What is the structure of the Chartered Accountancy Course under the New Scheme of Education and Training?

The new scheme includes three levels: Foundation, Intermediate, and Final, with self-paced online modules.

Q3: Will the CA syllabus change in 2024?

Yes, the CA New Syllabus implementation is confirmed from the May 2024 attempt.

Q2: Is the CA New Scheme applicable for the Nov 2023 exam?

No, the new scheme will be applicable from the May 2024 exams.

Q1: When will the ICAI CA New Scheme of Education come into effect?

The ICAI CA New Scheme of Education and Training came into effect on July 1, 2023.

Conclusion

The ICAI CA New Scheme 2024 brings substantial changes to the Chartered Accountancy course, making it more streamlined and aligned with international standards. With reduced training duration, updated syllabi, and new passing criteria, the new scheme aims to produce well-rounded Chartered Accountants ready to meet global market demands. Prospective CA students should carefully review the new scheme and adjust their study plans accordingly to ensure success.

ICAI CA Final Result May 2024
08 Jul
Uncategorized

ICAI CA Final Result May 2024: Achieve Your CA Dreams with Amit Bachhawat Training Forum

Introduction

As we eagerly await the ICAI CA Final Result for May 2024, Amit Bachhawat Training Forum ensures you are not only prepared for the outcome but also equipped for the bright future ahead. With our expert guidance and steadfast support, we have empowered numerous students to achieve their CA dreams. This is our detailed guide for our students to unveils essential details about the upcoming CA Final Result, and help you on how to check it and outlining steps to enhance your success.

CA May Result 2024 & Date and Time of CA May Result 2024

The May 2024 Chartered Accountants Final Examinations have rigorously tested knowledge and skills, eagerly awaited by aspirants. This pivotal day, set for 11th July 2024, will open new doors and opportunities for dedicated students.
The ICAI CA Final Result for May 2024 will be officially announced on 11th July 2024 at 11:00 AM. Mark your calendars to stay informed.

Steps to Download CA May Result 2024

Amit Bachhawat Training Forum ensures you have all necessary information at your fingertips.
Follow these steps to check your CA Final May 2024 results:
1. Visit the ICAI Official Website: Go to icai.nic.in.
2. Click on “Results”: Navigate to the results section.
3. Select “Final (New)”: Choose the CA Final (New) option.
4. Enter Details: Input your ICAI Final Roll number and Registration number or PIN.
5. Submit and View Result: Click on “Check Result” to view your result. Print a copy for future reference.

Details Mentioned on the CA May Result 2024

Your CA Final scorecard will include:
● Your Name
● Registration Number
● Roll Number
● Result Status of Each Group
● Total Marks Obtained
● Marks Obtained in Each Group
● Grade
● Overall Result (Pass/Fail)
● Rank (If Applicable)
● Qualification Status (Chartered Accountant or Not)
● Percentage
● Certificate of Practice (COP) Eligibility (If Mentioned)

Verification of Results

If you believe there has been an error in your results or you are not satisfied, apply for verification of marks:
● Apply Within One Month: Log in to the ICAI website.
● Fees: Rs. 100 per subject or Rs. 400 for all subjects.
● Certified Marksheet: Apply online for certified copies for Rs. 500. ICAI will provide them
within 30 days.

Next Steps for CA Inter & CA Final Pass Outs

Steps For CA Inter Pass Out

1. Register for Articleship: Gain practical experience under a certified CA.
2. Continue Your Studies: Prepare for the CA Final exams with a structured study plan.
3. Join Amit Bachhawat Training Forum: Our comprehensive programs and experienced faculty will help you excel in articleship and prepare effectively for the CA Final exams.

Steps For CA Final Pass Out

1. Apply for Membership: Join ICAI and become a certified CA.
2. Pursue Advanced Certifications: Consider credentials like CISA, CFA, or CPA to enhance your qualifications.
3. Gain Practical Experience: Start working in reputable accounting firms or organizations.
4. Choose a Specialization: Focus on areas like taxation, audit, finance, or consulting.
5. Consider Further Education: Explore options like an MBA or specialized courses.
6. Entrepreneurship: Begin your own practice and offer expert services.
7. Networking and Development: Engage in professional development and attend industry
conferences.

How to Check ICAI Final Result May 2024 by SMS?

Receive your ICAI CA Final result via SMS:
1. Create a New Message: Format as CAFNLNEW (space) XXXXXX (your 6-digit roll number).
2. Send the Message: Send it to 57575. This service is available for all mobile networks.

Pass Percentage and Toppers

CA Final Pass Percentage May 2024:
● Group 1: Appeared – 65,294, Passed – 6,176, Pass Percentage – 9.46%
● Group 2: Appeared – 62,679, Passed – 13,540, Pass Percentage – 21.6%
● Both Groups: Appeared – 32,907, Passed – 3,099, Pass Percentage – 9.42% The merit list will feature the top 50 rankers, showcasing their hard work and dedication.

The CA Final Result for May 2024 marks a significant milestone in your Chartered Accountancy journey. With Amit Bachhawat Training Forum, you can achieve unparalleled success. Our expert faculty, comprehensive study materials, and proven track record make us the preferred choice for CA aspirants. Whether you’re just starting your CA journey or aiming to enhance your qualifications post-results, join Amit Bachhawat Training Forum today and embark on a successful CA career! Visit our website or contact us to learn more about our programs and how we can help you achieve your dreams.

04 Jul
Blog

Why is Becoming a Chartered Accountant the Best Choice for a Career?

Choosing the right career path is a pivotal decision for students, especially after completing their 12th commerce. Among the numerous options available, one stands out for its prestige, rewards, and opportunities: Chartered Accountancy (CA). Here, we explore why becoming a Chartered Accountant is the best choice for a career, covering aspects such as demand, salary, global recognition, and the challenges involved.

High Demand and Job Security

Chartered Accountants (CAs) are in high demand across various sectors, providing excellent job security. Here’s why:

Versatile Expertise

CAs possess expertise in auditing, taxation, financial management, and corporate finance, making them invaluable assets to public and private businesses, financial institutions, consulting firms, and government departments.

Excellent Job Security

This high demand ensures that qualified CAs have a wealth of opportunities available to them. The need for financial expertise remains constant, regardless of economic conditions, making CA a recession-proof career choice.

Broad Sector Demand

CAs are sought after in diverse sectors, including:

  • Public and Private Businesses: For financial management and compliance.
  • Financial Institutions: For auditing and financial analysis.
  • Consulting Firms: For specialized financial advice and strategy.
  • Government Departments: For financial oversight and policy implementation.

In summary, the versatile expertise and high demand for Chartered Accountants across various sectors provide excellent job security and make CA a stable and recession-proof career choice.

Lucrative Salary and Benefits

One of the most attractive aspects of becoming a Chartered Accountant (CA) is the potential for a lucrative salary and comprehensive benefits.

Also Read: https://amitbachhawat.com/chartered-accountant-salary-in-india-2024/

Competitive Starting Salaries

Newly qualified CAs in India can expect to earn between INR 7-12 lakhs per annum.

Career Growth

With experience, earnings can rise significantly. Senior CAs with extensive experience can command salaries upwards of INR 25-30 lakhs per annum. Specializing in high-demand areas like forensic accounting or financial analysis can further boost income.

Additional Benefits

CAs enjoy a range of additional benefits:

  • Performance Bonuses: Financial rewards based on performance.
  • Health Insurance: Comprehensive medical coverage.
  • Retirement Plans: Provident fund contributions and pension plans.
  • Professional Development: Support for ongoing education and certification.
  • Work-Life Balance: Flexible working hours and remote work options.

Global Opportunities

Chartered Accountants are in demand globally, opening up international career opportunities with potentially higher salaries and valuable experience.

Job Security

CAs possess skills that are indispensable in any economic environment, ensuring high job security.

Basically becoming a CA offers a career with substantial financial benefits, additional perks, and a stable professional journey.

Global Recognition and Opportunities

The Chartered Accountancy qualification is globally recognized, opening doors to international career opportunities. Here’s why this is a significant advantage:

International Career Opportunities

CAs are respected worldwide for their financial expertise, problem-solving abilities, and high standards of integrity. This recognition allows Indian CAs to work abroad, either by joining multinational corporations or by establishing their own practices in foreign countries.

Global Scope and Diverse Opportunities

The CA qualification offers a global scope, enabling practitioners to enjoy diverse career opportunities. CAs can work in various cultural and economic environments, gaining valuable international experience.

High Demand and Respect

Chartered Accountants are in high demand internationally, providing numerous opportunities to work with leading global firms or in various sectors such as finance, consultancy, and auditing.

The global recognition of the Chartered Accountancy qualification opens up a world of career possibilities, allowing CAs to work internationally and gain diverse, enriching professional experiences.

Challenges While Pursuing CA

While the rewards of becoming a Chartered Accountant (CA) are substantial, the journey is demanding and requires significant dedication and hard work. Here are the key challenges:

Rigorous Syllabus and Low Passing Rates

The CA course is known for its rigorous syllabus and low passing rates. Students must pass three levels of exams—CA Foundation, CA Intermediate, and CA Final—each requiring a deep understanding of complex financial concepts.

Demanding Articleship Period

The mandatory two-year articleship period provides practical training but is demanding in terms of time and effort. This hands-on experience is crucial for developing practical skills but can be challenging to balance with exam preparation.

Continuous Learning

Continuous learning is essential for CAs to stay updated with changes in laws, regulations, and accounting standards. This requires a commitment to ongoing education and professional development.

Ethical Responsibilities

CAs have significant ethical responsibilities. They must adhere to professional standards and maintain the trust of their clients and employers, which adds another layer of commitment.

Conclusion

Becoming a Chartered Accountant is a prestigious and rewarding career choice, offering high demand, job security, lucrative salaries, and global recognition. Despite the challenges involved in the pursuit of this qualification, the benefits far outweigh the difficulties. For students with a passion for finance, accounting, and taxation, and the willingness to work hard, a career as a Chartered Accountant promises a fulfilling and prosperous professional life. If numbers excite you and you aspire to make a significant impact in the financial world, CA is the perfect career path for you.

CS Executive Preparation Strategy 2024
28 Jun
Blog

CS Executive Preparation Strategy 2024: A Comprehensive Guide

Introduction

Preparing for the CS Executive exam is a crucial step towards becoming a certified company secretary. This exam, conducted by the Institute of Company Secretaries of India (ICSI), serves as a crucial step towards achieving the goal. This guide aims to equip you with effective strategies to navigate through the 2024 CS Executive exam with confidence and success.

The CS Executive exam is designed to assess candidates on a wide range of subjects essential for company secretaries. It not only tests theoretical knowledge but also evaluates practical understanding and application of various legal, financial, and managerial principles. Aspiring company secretaries must demonstrate proficiency in areas such as company law, taxation, accounting, business laws, and strategic management, among others.

Exam Structure and Syllabus

The CS Executive exam consists of eight papers, each carrying 100 marks, spread across various disciplines crucial for company secretaries:

  1. Jurisprudence, Interpretation and General Laws
  2. Company Law
  3. Setting up of Business Entities and Closure
  4. Tax Law
  5. Corporate and Management Accounting
  6. Securities Laws and Capital Market
  7. Economic, Business and Commercial Laws
  8. Strategic and Financial Management

Understanding the structure and weightage of each paper is essential for planning your preparation effectively.

Creating a Study Plan

To succeed in the CS Executive exam, a well-structured study plan is indispensable:

  • Allocate Time Efficiently: Dedicate specific time slots for each subject based on its complexity and your familiarity with the topics.
  • Use Reliable Resources: Stick to official ICSI study materials, recommended textbooks, and notes from credible sources.
  • Balance Learning and Practice: Combine theoretical understanding with practical application through solving mock papers and practice problems.

Subject-wise Preparation Tips

Each paper in the CS Executive exam demands focused preparation:

  • Jurisprudence, Interpretation and General Laws: Focus on understanding legal principles and their applications in various contexts. Practice interpreting legal language and analyzing case studies.
  • Company Law: Master the Companies Act, 2013, focusing on incorporation procedures, corporate governance, and case study analysis.
  • Tax Law: Develop a strong grasp of the Income Tax Act, 1961, and practice solving tax computation problems.
  • Corporate and Management Accounting: Master accounting principles and practice preparing financial statements and analyzing financial ratios.
  • Securities Laws and Capital Market: Understand regulatory frameworks and types of securities, and familiarize yourself with stock exchange regulations.
  • Economic, Business and Commercial Laws: Study economic principles, commercial laws, and their applications in business scenarios.
  • Strategic and Financial Management: Learn financial management concepts and their strategic applications in decision-making processes.

Mock Tests and Practice Papers

Regular practice through mock tests and previous years’ question papers is crucial:

  • Simulate Exam Conditions: Practice under timed conditions to improve time management and familiarity with exam patterns.
  • Identify Weak Areas: Analyze mock test results to identify areas needing improvement and adjust your study plan accordingly.

Revision Strategy

Effective revision ensures retention of learned concepts:

  • Schedule Regular Revisions: Allocate time for periodic revisions to reinforce understanding and memory retention.
  • Focus on Problem Areas: Prioritize revising topics where you face difficulties or have gaps in understanding.

Conclusion

In conclusion, preparing for the CS Executive exam requires dedication, strategic planning, and consistent effort. By following these comprehensive strategies—creating a structured study plan, mastering subject-specific content, practicing with mock tests, and maintaining a disciplined revision schedule—you can approach the exam with confidence. Stay focused, stay determined, and success will follow.

Best of luck, on your journey towards becoming a successful company secretary through the CS Executive exam in 2024!

24 Jun
Blog

Choosing the Best CMA Coaching in India

Introduction

In recent years, the Cost Management Accountancy (CMA) qualification has surged in popularity in India, offering a wealth of career opportunities for finance professionals. This globally recognized credential signifies expertise in financial planning, analysis, control, decision support, and professional ethics. As the demand for CMA experts increases, so does the competition, making it crucial to choose the best CMA coaching in India to succeed in this challenging field. This blog will guide you through the process of selecting the right coaching institute, ensuring you make an informed decision that aligns with your career goals.

Self-Evaluation

Before diving into the sea of coaching institutes, it’s essential to conduct a thorough self-evaluation. This step helps you understand your needs and preferences, setting a clear path for your search.

  1. Learning Style: Determine whether you prefer in-person classes, online sessions, or a hybrid model. Understanding your learning style will help you find an institute that matches your preferences.
  2. Budgetary Constraints: Establish your budget for coaching. Consider all possible expenses, including tuition fees, study materials, and any additional resources.
  3. Time Availability: Assess your current schedule to figure out how much time you can dedicate to coaching. Ensure the classes you choose fit well with your personal and professional commitments.
  4. Career Objectives: Clarify your career goals. Are you looking for comprehensive knowledge or just exam-specific preparation? This will help you align with the most suitable coaching program.

Also Read : https://amitbachhawat.com/why-should-i-become-a-cma/

Researching CMA Coaching Institutes in India

With a clear understanding of your requirements, the next step is to research potential coaching institutes. This involves gathering information from various sources to shortlist the best options.

  1. Online Research: Start with online searches to identify reputed coaching institutes. Websites, forums, and review sites can provide valuable insights into the reputation of various institutes.
  2. Faculty Quality: Look into the qualifications and experience of the faculty. Experienced instructors with a strong background in CMA can significantly impact your learning experience.
  3. Location: If you prefer in-person classes, consider the proximity of the institute to your residence. A convenient location can save time and reduce stress.
  4. Success Rates: Investigate the institute’s past performance, including pass rates and success stories. High success rates often indicate effective teaching methods and quality education.

Factors to Consider When Selecting a CMA Coaching Institute

When evaluating coaching institutes, several key factors can help you make a well-informed decision.

  1. Comprehensive Curriculum: A well-structured curriculum aligned with exam requirements and industry standards is crucial. Ensure the institute covers all necessary topics thoroughly.
  2. Study Material: High-quality study materials, including printed notes, online resources, and mock tests, are essential for effective learning. Access to unique resources can enhance understanding and retention of concepts.
  3. Batch Size: Smaller batch sizes ensure personalized attention and a conducive learning environment. A low student-teacher ratio allows for better query resolution and progress monitoring.
  4. Track Record: The institute’s past exam results and student testimonials provide a glimpse into its credibility and effectiveness. Positive feedback from previous students is a good indicator of quality.
  5. Value-Added Services: Institutes offering additional services like doubt-clearing sessions, career guidance, and placement assistance contribute to the holistic development of candidates.

Important Considerations Before Enrolling

Before committing to a coaching institute, consider these critical aspects to ensure a smooth and beneficial learning experience.

  1. Fee Structure: Understand the fee structure and explore payment options such as scholarships or installment plans. Proper financial planning is essential to avoid any financial strain.
  2. Demo Classes: Attend demo classes to assess teaching styles, methodologies, and compatibility with your learning preferences. This firsthand experience can be invaluable in making your decision.
  3. Class Timings and Format: Ensure the class schedule and format accommodate your personal and professional commitments. Flexible timings can help maintain a balanced study routine.

Conclusion

Choosing the best CMA coaching in India is a pivotal decision that can significantly influence your journey towards certification and career success. By conducting a thorough self-evaluation, researching potential institutes, and considering key factors before enrolling, you can make an informed choice that aligns with your goals and aspirations. Beyond coaching, adopting effective study strategies and leveraging networking opportunities are crucial for excelling in the CMA exams and advancing in your profession. Make the right choice today and set the foundation for a successful career in cost management accountancy.

13 Jun
Blog

CS Executive Exam December 2024: Exam Dates, Syllabus

Introduction

For aspiring Company Secretaries, the CS Executive Exam by the Institute of Company Secretaries of India (ICSI) is a pivotal step towards achieving professional certification. Scheduled for December 2024, this exam demands thorough preparation and understanding of its structure, dates, syllabus, and more.

CS Executive December 2024 Exam Dates

Mark your calendars! The CS Executive Exam December 2024 will be held from December 21 to 28, 2024. Below is the detailed schedule:

Date Subject Group
21-Dec-2024 Jurisprudence, Interpretation and General Laws Group-1
22-Dec-2024 Capital Market and Securities Laws Group-2
23-Dec-2024 Company Law and Practice Group-1
24-Dec-2024 Economic, Commercial and Intellectual Property Laws Group-2
26-Dec-2024 Setting Up of Business, Industrial and Labour Laws Group-1
27-Dec-2024 Tax Laws and Practice Group-2
28-Dec-2024 Corporate Accounting and Financial Management Group-1

Eligibility Criteria for CS Executive December 2024 Exam

To appear for the CS Executive Exam in December 2024, candidates must meet the following eligibility criteria:

  • Age: Minimum 17 years old.
  • Educational Qualification: Graduation from a recognized university (except Fine Arts).
  • CSEET Route: Must have cleared the CS Executive Entrance Test (CSEET). 

CS Executive Exam Pattern

Mastering the exam pattern is essential for successful preparation.
Here’s an overview:

Particulars Details
Conducting Body Institute of Company Secretaries of India (ICSI)
Mode of Exam Offline (Centre Based)
Number of Subjects 8 papers (4 per module)
Total Questions 100 questions per paper
Exam Duration 3 hours per paper
Marking Scheme +1 for correct answers, -0.25 for incorrect
Type of Questions Objective and Subjective

ICSI CS Executive Syllabus 2024

The CS Executive Syllabus for December 2024 includes:

Module Old Syllabus New Syllabus
Module 1 Tax Laws & Practice Tax Laws
Company Law Jurisprudence, Interpretation & General Laws
Cost & Management Accounting Company Law
Economic & Commercial Laws Setting up of Business Entities and Closure
Module 2 Company Accountants and Auditing Practices Corporate & Management Accounting
Industrial, Labor and General Laws Economic, Business and Commercial Laws
Financial and Strategic Management Financial and Strategic Management
Capital Markets and Securities Laws Securities Laws & Capital Markets

CS Executive Exam Preparation Tips

Preparation is key to success. Here are some tips to help you excel in the CS Executive Exam:

  1. Know Your Syllabus: Understand the topics and sub-topics thoroughly.
  2. Create a Study Plan: Develop a structured study schedule.
  3. Practice Regularly: Solve mock tests and previous years’ papers.
  4. Revise Consistently: Keep revisiting your notes and key concepts.
  5. Stay Updated: Follow official announcements and updates from ICSI.

Seek Guidance: Consider joining coaching classes or study groups for better clarity.

Conclusion

The CS Executive Exam December 2024 is an opportunity for ambitious professionals to advance their careers in corporate governance and secretarial practices. With meticulous preparation and adherence to the exam guidelines, success is within reach.

FAQs

What is the eligibility criteria for the CS Executive Exam December 2024?

To be eligible, candidates must be at least 17 years old, hold a graduation degree (excluding Fine Arts), and have cleared the CS Executive Entrance Test (CSEET).

What is the exam pattern for the CS Executive December 2024 exam?

The exam consists of 8 papers (4 per module), each lasting 3 hours. It includes both objective and subjective questions, with a marking scheme of +1 for correct answers and -0.25 for incorrect answers in objective questions.

Where can I find more details about the CS Executive Syllabus 2024?

You can refer to the ICSI website or the official notification for the detailed syllabus under both old and new modules.

Prepare diligently, stay focused, and aim high for the CS Executive Exam December 2024. Good luck on your journey towards becoming a certified Company Secretary!

CA Intermediate Exam Pattern September 2024
13 Jun
Blog

CA Intermediate Exam Pattern September 2024

Introduction

The CA Intermediate exam plays a pivotal role in the journey of becoming a Chartered Accountant. It serves as a bridge between the foundational knowledge gained in CA Foundation and the specialized expertise required in CA Final. Understanding the exam pattern, marking scheme, and preparation strategies is essential for success in the September 2024 exams.

CA Intermediate Exam Pattern

The CA Intermediate exam for September 2024 comprises 6 papers categorized into 2 groups. Each paper is conducted offline, with a duration of 3 hours. To accommodate a wide range of candidates, the exam is offered in both Hindi and English. Importantly, there is no negative marking, allowing students to focus on answering questions accurately without fear of penalties.

CA Intermediate Papers and Marks Distribution

Group Paper Number Subject Marks
I Paper 1 Advanced Accounting 100
Paper 2 Corporate and Other Laws 100
Paper 3 Taxation (Income Tax Law and Indirect Tax) 100
II Paper 4 Cost and Management Accounting 100
Paper 5 Auditing and Assurance 100
Paper 6 Financial Management and Strategic Management 100

Marking Scheme of CA Intermediate Exam

The marking scheme for CA Intermediate September 2024 exams emphasizes both comprehension and application across different subjects. Here’s a glimpse of the expected distribution:

Marking Scheme

Paper Comprehension (%) Application (%)
Paper 1: Advanced Accounting 5%-15% 85%-95%
Paper 2: Corporate and Other Laws 40%-55% 45%-60%
Paper 3: Taxation
– Part A: Income Tax Law 5%-20% 80%-95%
– Part B: Indirect Tax Laws 20%-45% 55%-80%
Paper 4: Cost and Management Accounting 20%-30% 70%-80%
Paper 5: Auditing and Assurance 5%-15% 85%-95%
Paper 6: Financial Management
– Part A: Financial Management 20%-30% 70%-80%
– Part B: Strategic Management 60%-80% 20%-40%

Passing Marks for CA Intermediate Exams

To successfully clear the CA Intermediate exams, candidates must secure a minimum of 40% marks in each individual paper and an aggregate of 50% in each group. This criterion ensures a balanced understanding across all subjects within a group.

Syllabus for CA Intermediate Exam September 2024

The syllabus for CA Intermediate September 2024 exams is comprehensive, covering essential topics in accounting, laws, taxation, auditing, and strategic management. It is imperative for candidates to familiarize themselves with the entire syllabus to effectively prepare for the exams.

Preparation Tips for CA Intermediate Exam September 2024

Preparing for the CA Intermediate exams requires a strategic approach and dedicated effort. Here are few tips to enhance your preparation:

  • Study Material: Utilize the official study material provided by ICAI to ensure comprehensive coverage of the syllabus.
  • Practice: Solve previous years’ papers and mock tests to familiarize yourself with the exam format and improve time management skills.
  • Focus Areas: Pay attention to the marking scheme and allocate study time accordingly to strengthen areas where you need improvement.
  • Time Management: Plan your study schedule effectively to cover all subjects systematically before the exam dates.

Conclusion

The CA Intermediate September 2024 exams demand thorough preparation and a clear understanding of the exam pattern, marking scheme, and passing criteria. By leveraging study resources effectively and adopting disciplined study habits, candidates can enhance their chances of success.

FAQs (Frequently Asked Questions)

Q: Is there any negative marking in the CA Intermediate exams?

No, there is no negative marking in CA Intermediate exams, allowing candidates to answer questions without the fear of deductions.

Q: How are the CA Intermediate papers structured in terms of duration?

Each paper in CA Intermediate is conducted for 3 hours, providing adequate time for candidates to complete their answers comprehensively.

Q: What is the passing criteria for CA Intermediate exams?

To pass the CA Intermediate exams, candidates must score a minimum of 40% in each paper and a total of 50% in each group.

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