career-planning

Role of Parents in Career Planning

Parents are a child’s first teachers, so they are extremely important in helping children make professional plans. No one is a better mentor to them than their parents. They have to pick a career that will help their kid flourish and lead a happy life. A properly designed career is a major factor in success and a happy life. Additionally, research indicates that youngsters who receive support from their parents are more likely to have self-belief and perform better than those who select a career path that defies their parents’ preferences.

But you have to be thinking, how can we coach them more effectively? or decide which career path is best for them? Be at ease! We’ll provide you with some information below to help you decide which career route is ideal for your kids. Let’s look at these things:

Interest

Even though you had intended for your child to prepare for the IAS, medical school, or chartered accountancy, he might have an interest in sports. You have to acknowledge that pursuing a career in which you lack interest might be quite difficult. Thus, never place pressure on your children to meet your expectations. Assist him in getting what he desires.

It should be something you can look forward to, be content with, and inspire you to keep going in your work. Consequently, the parents’ first consideration while deciding on their career path should be the child’s interests.

Scope in Future

When your child is choosing a career, the second thing to consider is the breadth. Even while some career choices aren’t as popular as they once were, there are still plenty of options for them. As such, it is imperative that you anticipate your child’s career aspirations when raising them.

Salary and Incentives

Maybe you think that money doesn’t really matter. Priorities should be determined by reputation and knowledge. Money is certainly not the most important factor, but in this day and age, a happy existence requires a higher income rather than just a livable one. The job route your child chooses must enable him to follow his aspirations in the future.

For example, if someone wants to live a wealthy lifestyle, they should choose a job in law or medicine over writing or photography unless they demonstrate a creative interest in those fields.

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Should Not be Burdensome

You might be under the impression that money isn’t a big deal. Knowledge and reputation ought to come first. Earning more than the minimum wage is necessary to live a good life in the modern period, even though money is clearly not the most important factor. The future profession your child chooses should enable him to follow his aspirations.

For example, if they want to live an affluent lifestyle, they should choose occupations in the medical or legal fields above those in writing or photography until they are creative and have an interest in it.

Visit the Career Services

Many colleges or universities where your child attends provide counseling services that, by evaluating your child’s strengths and weaknesses, can provide you better direction. Attend the counseling sessions that the school, colleges, or other institutions are hosting, or just have a face-to-face conversation with the instructor. They are also great resources for you as guides.

Because they have gone through this process, parents are better able to comprehend this. Even though the timing is now different. Allowing your child to make errors is more suitable than placing him under pressure to meet unreasonable expectations or forcing him to work while they are learning.

You should assess his strengths and abilities, assist him in discovering his passion or goal, inspire him to pursue this line of work, and help him select the ideal vocation for him.

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ca-in-abroad

CA In Abroad: How to Study, Scope and Opportunities (2023)

These days, a lot of students are eager to work as certified public accountants (CAs) in various foreign nations. At the same time, there is a constant need for Indian talent in the financial sector in developed nations such as the USA and Europe. Memorandums of understanding (MOUs) have been arranged by ICAI with other countries to accommodate demand by guaranteeing recognition of Indian CA programs and providing international CAs with first-hand experience.

CA stands for chartered accountant. In the commerce stream, it is a professional course that comes after the 12th grade. offering more choices, opportunities for employment, and the best remuneration possibilities available. This is the reason the Institute of Chartered Accountants in India oversaw the board and the course or ICAI.

The popularity of this subject is demonstrated by the number of students that attempt the CA foundation exam annually and by the trend of increasing numbers each year. Annually, about 10 lakh students enrol in the CA Foundation program, spending five years or longer in school to earn the CA credential. Surprisingly, just 12% of students are able to pass the CA final test in their first attempt.

It is clear that Amit Bachhawat Training Forum is the best CA school in India for students getting ready for the CA exam. in the The CA is one of the most sought-after professional degrees after the 12th grade. Amit Bachhawat Training Forum for CA offers exceptional online tutoring to students who pass their class 11 and 12 exams. 

Under one roof, we provide training for the CA foundation, intermediate, and final exams.

Based on the aforementioned, we believe that being a CPA is undoubtedly the most rewarding career choice, even though it is not an easy one to master.

But as we are the pioneers in providing CA Coaching in India, we are well-equipped to handle this difficult situation.

Being the most reliable CA course mentor in India, we try our best to provide precise answers to any inquiries. The most common question that students have is, “What is the scope of CA in abroad?”

Continue reading to find out what Amit Bachhawat Training Forum has to say about the scope of the CA overseas.

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Opportunities for CA

The CA curriculum offers accounting, taxes, and auditing training to its students. The demand for chartered accountants is rising significantly for both small and large firms.

If you want to pursue the degree or become a chartered accountant, you have to be accustomed to busy and demanding schedules. The heavy workload for the course is the cause of this. Nevertheless, all of the student’s efforts will pay off if they are selected for the CA profile.

Three essential characteristics are needed for a chartered accountant to be effective: reporting, compliance, and analytical skills. These are the skills that dictate a CA’s compensation. Chartered accountant with experience in management audits, budget management, strategic accounting, controlling, and financial analysis.

The growing awareness of the course has also led to an increase in the demand for CAs overseas, as many global Chartered Accounting firms are looking to work with and hire trained CAs to assist with their account management.

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Scope for CA in Abroad

The reach of CA abroad has grown globally. Even if the institute does not specify a subject of study, you are free to pursue a career in any area that interests you. Nonetheless, the subject matter should align with the subjects taught in your program.

Instead of becoming an employee of the company, CA of India may also start own establishment. They have to evaluate their merit in order to gain the clientele in this. In addition, they are able to apply for positions in the public, private, and government sectors.

If you’re seeking for the certification abroad, the CA Institute is also well-known and regarded in Wales, Australia, and England. Thus, in the aforementioned countries, they have the option to adopt the same procedures.

The only limitation is that they can only apply for positions with businesses that have operations in India. If not, you might have to apply to the country where you plan to work’s nationally recognized program. It is advisable for you to examine the exemptions that you are entitled to according to the Indian educational system.

Countries who have signed the MOU with ICAI:

Various job profiles are offered in various nations. For instance, the emphasis area in the Middle East is money laundering, while in Canada and the USA it is accountancy. Therefore, it will need some more time to comprehend these nations’ auditing industries.

Pay varies among nations according to the course. This primarily depends on how much each nation’s cost of living is. For instance, the high cost of living there further justifies your receiving more than $60k USD.

The list of nations with MOUs with ICAI is shown here. It will assist you.

Get the clarification about which country is best for CA study?

Canada: ICAI pursued the same conversations, taking advantage of the fact that Canada’s Memorandum of Understanding with its professional groups expired in 2016. After these entities are restored, it is difficult to determine the professional opportunity.

Australia: You can join the MOU as an associate member after sending in the necessary paperwork. It also says that even while you can work with the industries, you can’t certify or sign as an independent CA, nor can you practice on public property.

England: The legal system here is exactly the same as it is in Australia. You can work with an organization, but you cannot certify or sign on your own.

Dubai: Because of the Dubai chapter, a lot of CA travel to this place. Before becoming a member of the CA chapter, the CA of India must first correctly register and affiliate. After you become a CA, it will be easy for you to apply for jobs and be employed. At the same time, a lot of newly founded companies in Dubai are staffing their accounting and auditing departments with a lot of CAs. By 2024, Dubai intends to spend significantly in the creation of new business zones, which will open up employment opportunities for Indian chartered accountants.

Malaysia: Many Amit Bachhawat Training Forum students were keen to learn about opportunities in Malaysia and Singapore. Any recent CA graduate seeking a luxurious lifestyle and substantial income may want to check into Singapore and Malaysia. Still, we would want to let those candidates know that certain cities do not accept CA freshers. When hiring a CA from India, their government even mandates that the candidate have more than five years of experience. This government aggressively promotes employment locally.

About the CA Course:

Every business that is registered under the company statutes must hire a chartered accountant. They perform a range of duties, including those of financial controllers, managers, advisors, and directors, in addition to auditing their accounts.

The course’s scope is growing as students have more opportunities to pursue it. Once all of their buildings are completed, they should have no problem landing a job with the government or a private company that pays well annually.

They have two options: they can start their own businesses or become company employees.

  1. Chartered accountancy: course after 12th is one of the best professional courses in the commerce stream. Unlike many institutions providing degrees, only ICAI can certify you as a CA.CA course is nothing less than some of the high salary courses after 12th science. It is one of the highest rewarding courses in the commerce stream.
  2. Stream: CA courses can be pursued by commerce, science, and arts stream students. But it is preferable for commerce background students.
  3. Career Scope: At present, Chartered Accountants have abundant work opportunities and will continue to grow in the future.
  4. Duration: The CA Course duration after 12th is 5 years and after graduation is 4.5 years.
  5. Salary: 3.5-7 lakhs per annum is the average CA salary a fresher can earn. On the positive side, with a job in Big 4 MNCs or few years of experience, you can make as high as 75 lakhs. In fact, you can even start your practice and firm; it will open limitless opportunities for you. You can say CA is also one of the best self-employment courses after the 12th.
  6. Fees: The total CA Course fees in India for 5 years is Rs. 87,300. For graduate students, the total fee is Rs. 76,200.

Structure for the CA course

Students can pursue the course for chartered accountants in three different levels. Details and introduction to these levels is thus mentioned below:

CA Foundation: First Stage

Students may continue with the course at this level if they have passed their tenth grade board exams or final exams. They must set up an account with the ICAI Board of Studies. Sixty days prior to the exam date, they can register for their foundation exams. Nevertheless, they must pass their 12th boards before they may appear for the CA Foundation.

The foundation test consists of 400 marks split equally among four subjects, including both objective and subjective questions.

The drawback of the same is that a negative marking method is also included. To be cleared, students must receive at least 50% of the possible points.

CA Intermediate: Second Stage

In this stage, eight more people are involved, divided into two groups of four topics each. Three more categories are available for students to register for intermediate courses.

For individuals who have finished their 12th grade exams and intend to continue their education abroad afterward. 

Program for direct admission for individuals with or without a degree in non-business or business-related subjects.

for pupils who have previously passed the Intermediate Exams of the Cost Accountant Institute.

CA Articleship

After passing the first two levels, students must successfully complete the three-year CA articleship training under a practicing CA. During this period, they have to sign up for two different classes on management and communication skills. For the course, you can apply for an articleship from anywhere in India.

CA Final: Third Stage

This is the last phase. Eight subjects are split into two groups in this as well. In this last phase, we anticipate that students taking the tests will be fully knowledgeable about the subjects.

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Conclusion

If you have been transferred as a CA overseas, you don’t need to be concerned. However, if you intend to begin practicing elsewhere, you must have the support of additional qualifications, particularly those that are accepted in that nation. Thus, these extra credentials will assist you in discovering the foundation for greater and better prospects.

best-courses-along-with-ca

What are the Best Courses to do along with CA?

It takes years of dedication and preparation on the part of the student to become a CA. However, because chartered accounting is one of the most sought-after degrees, there is currently more rivalry in the industry. Even if there are more opportunities for chartered accountants than ever before, getting a second degree or certificate will make you stand out from the crowd. While the additional courses can be completed in conjunction with a CA degree, most students opt to do so following the CA course.  

You will gain a great deal from the dual educational qualification, which will provide you access to better jobs and higher salaries in esteemed corporate institutions. If you’re not sure what courses you can do in addition to CA, go through the top 13. In addition to your CA degree, completing any of these courses can guarantee an increase in your CA wage and lead to career opportunities that could change the game. 

Courses to do Along with CA: 13 Best Options for You

1. CMA (Cost and Management Accountant)

If you have decided to pursue a profession in costing, one of your favorite subjects from the CA degree, the CMA course in conjunction with the CA course will be helpful. With practice, you can land high-paying jobs with prestigious, high-end clients or in industrial organizations. 

CA students can also receive exemptions because the CMA course and 70% of the CA syllabus are similar. 

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2. CS (Company Secretary)

Taking CS classes in addition to CA courses is a wonderful combination for a degree in dual specialization with CA. Because the concepts in the CS course are straightforward and similar to those in the CA course, you won’t have much issue managing your study time. You can obtain dual-course degrees at the lowest possible cost because to the incredibly low CS fee. A smart strategy to boost your profession is to take a CS course in addition to a CA. You may easily handle jobs including client accounts, money, and management and administration. You’ll be able to climb the professional ladder by doing this. 

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3. CFA (Chartered Financial Analyst)

CFA is arguably one of the best options for courses to take in addition to CA. It is not recommended for all CA students, nevertheless, if you have an interest in the stock market, corporate finance, investment banking, stocks research, portfolio management, or the financial sector in general. Similar to CA, CFA is a degree program recognized worldwide. 

Tests for this program are offered often, so there’s a good possibility you can fit it in around your schedule for your CA exams. CA students also have an edge at the first CFA level because of the course’s simplicity of learning and resemblance to various topics covered in CA courses. However, some students find it hard to take a CFA course in addition to a CA degree because both courses require time and attention. If you think that doing the two courses at the same time will hurt your performance, you can take the CFA course after the CA course. 

A combination CA+CFA degree is the best option for those who want to work in senior positions at famous international companies. Your initial compensation payment should come in the range of 8 to 15 lakhs.

CA after 12th or Bcom | Best Time to Start CA Course Preparation

4. MBA (Masters of Business Administration)

Along with CA, one of the most sought-after degrees to pursue is MBA, and for good reason. It strengthens your educational background and prepares you for the business world. A more career-focused option would be to get an MBA with a concentration in finance. 

However, the value of an MBA with CA will only rise if you study for the degree at a recognized university; enrolling in the program as a regular course is preferred. Why is that? since your main objective will be to obtain advanced management skills rather than just a degree. These skills can help you advance to senior positions in major corporations. 

5. Law

If you believe that the legal topics covered in the CA course are interesting and worth pursuing as a major in your career, then finishing an LLB course will be very helpful. If you have a strong foundation in CA courses and the law, you may manage circumstances involving business law, civil law, international law, labor law, family law, patent law, etc. with competence.

In the event that you are simultaneously working as a certified public accountant, having a law degree will enable you to provide your clients a greater range of services and increase your legal expertise.

6. FRM (Financial Risk Management)

People who pursue the CA certification can improve their chances of advancing professionally in the financial business. FRM is a widely sought-after certification program. Through the FRM course, you will be exposed to the practical work in the field. 

The top Indian organizations look for candidates that possess risk management skills in addition to financial understanding and associated talents. As a result, this training will improve your knowledge and CV. The average salary range for a candidate with degrees in FRM and CA is between 7-8 lakh annually.

7. CIMA (Chartered Institute of Management Accountants)

CIMA is the best course to take in addition to CA. Furthermore, the program has worldwide recognition, which will increase your chances of finding job. This course broadens your understanding of management beyond accounting. You’ll gain skills in leadership, people management, and other areas. 

For students studying California, the CIMA procedure is quick and easy because there are several exemptions available.

8. CIA (Certified Internal Auditor)

All CA students who plan to pursue professions in the auditing vertical should take the CIA course in combination with CA. This program will equip you with professional-level internal auditing skills. 

IIA USA offers a course that is recognized globally. The exam is offered online and can be taken at any time of year. All CA students will find this to be fairly convenient, given their hectic schedules. 

9. ACCA (Association of Certified Chartered Accountants)

If you have passed most of the CA Intermediate or CA Final examinations, you do not need to take all of the ACCA exams. Since many of the topics covered by ACCA and CA are similar, you will only need to submit a limited number of extra papers. Other documents will be exempted for you.

When you apply to India’s Big 4 CA firms, a degree in CA+ACCA will offer you an advantage over other candidates and increase your chances of getting hired abroad. 

10. CPA (Certified Public Accountants)

After completing the CA program, students who want to study overseas must complete the CPA course to become conversant with US GAAP. This course is required if you want to practice public accounting in the United States. Some foreign organizations in India now require you to have a CPA degree in addition to your CA. With this dual course education background in India, nevertheless, you won’t be able to maximize your potential and all of your work opportunities.

11. Financial Modelling

The financial modeling course helps you explore research, analysis, project finance, and related disciplines. As this course does not limit you to the study of taxation, auditing, and accounting. You’ll get proficient at creating financial models and utilizing spreadsheets in no time at all. This training is going to increase your output and provide you a competitive edge—even for those who want to work in high-paying jobs. This training is quite helpful for anyone who want to work as practitioners. The financial modeling strategies you learn in this course, along with your knowledge of CA, will enable you to provide accurate and convincing project finance reports for your clients.

12. CFP (Certified Financial Planner)

With the CFP additional qualification, you will develop into a professional who can point clients and investors in the direction of the greatest financial investment options. In India, CFP is becoming an increasingly popular professional option because several banks have made it mandatory for its relationship managers to obtain it. 

The CFP course consists of five levels, most of which are not open to applicants for the CA. CFP is an excellent course to take in addition to CA for those who want to work in the financial or tax sector. 

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Technology-Trends

6 Major Technology Trends in Education that will Benefit You (2023-24)

The latest developments in the tech industry are called trends. Modern technology has altered our perceptions of, reactions to, and actions in the world. Technology has thereby significantly altered every aspect of existence. The sphere of education is not an exception.

The new educational infrastructure includes webinars, zoom meetings, podcasts, pen drive classes, online courses, webinars, and many other AI-enabled gadgets. With the advent of modern technology, cognitive thinking has become more important than memory alone. This made way for seminars in smart rooms and conceptual studies.

Furthermore, the higher education system in India has mostly profited from this development. Additionally, students now have flexible study schedules and access to the best educational resources because to technological advancements.

In reality, we at Amit Bachhawat Training Forum offer the best CA instruction in India by utilizing cutting edge technologies. The Amit Bachhawat Training Forum offers amenities like online CA courses and smart classrooms.

You may read about how technology is enhancing Indian education here. Additionally, you’ll learn which technological advancements have benefited pupils the most. It will assist you in understanding what technology to seek out the next time you enroll in a course.

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How is Technology Trends Improving Education in India?

India’s educational options are no longer restricted to traditional classrooms and universities. The virtual world has made inroads into India’s educational system.

Technology has simplified access to and treatment of education for students. Teachers pique students’ interest in their classes by utilizing the latest technological advances. The shortage of teachers is being addressed by the use of technology in education, and students can now choose their tutors. Technology has improved access to high-quality education in India’s rural and small towns.

Students in classes 11 and 12 are not required to rely on adjacent coaching centers, for instance. In certain other cities, you can enroll in online courses taught by qualified instructors. Students enrolled in the CA Course may also have access to superior coaching.

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What is the Role of Technology in Education?

In essence, technology is the application of machine learning to simplify human labor. Additionally, improvised learning with technology has greatly benefited both teachers and students. With just a few button clicks, kids may now access any information, and teachers can view the daily progress of their pupils.

Making pupils industry-ready is one of higher education’s other goals. However, this objective could not be reached with the outdated teaching strategies. Teachers can now evaluate pupils’ talents thanks to technological advancements in the field of education. Teachers can therefore assist pupils in meeting the standards set by the sector. 

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Technology Trends in Education in India

Here we have discussed six of the most popular technology trends in education.

Digital Books

The introduction of digital books has drastically altered the landscape of education. Internet resources are now the main way to compile information on any topic. Thus, pupils can learn more conveniently thanks to digital books. Students can simply download digital literature, eliminating the need to constantly search for the newest edition and pile paperback volumes.

For instance, free textbooks for classes 11 and 12 are available online. In a similar vein, internet access is provided for CA Foundation, CA Inter, and CA Final books.

Multi-Sensory Classrooms

Classrooms are becoming smart classrooms thanks to the interactive whiteboards. Additionally, instructors can better engage students in the sessions by using the visual and auditory accompaniment.

In order to make learning more enjoyable and less tedious, we use interactive whiteboards in our classrooms. We have therefore personally witnessed how much easier it is for pupils to learn and stay engaged in class.

Remote Learning

One of the best technological developments in India that has benefited students the most is the use of online learning. The use of remote learning in the classroom is not new. But since last year, online learning has become the dominant paradigm in the global education system.

For a few years now, Amit Bachhawat Training Forum has also been offering online classes to CA students. However, there has been a significant increase in online courses since last year.

Online classes are becoming the new normal. Some of the benefits of  ca online classes are:

  • The problem of distance has been solved.
  • In addition, video conferences, pre-recorded videos, and virtual class forums have helped tailor the education experience for students.
  • Students can choose at what time they want to study.

Virtual reality and augmented reality

Students’ educational materials will change as a result of VR and AR. Pupils will be able to pick up knowledge and remember it easily. Learning will advance thanks to VR and AR. It removes the partition separating the real world from the virtual one.

Students will experience things as though they are right in front of their eyes, similar to 3D movies. The newest technological developments in schooling in 2023 will be AR and VR.

Blockchain Technology Trends

Blockchain has been used in education for a while, even if you’re not aware of it. Among its primary advantages are:

It facilitates the integration of data from several sources into a single database. For instance, the Indian government offers students the convenience of a digital locker for simple document management.

Fraud is avoided because the data can be copied and pasted without being altered.

The school boards can manage and validate student data with the use of this technology.

Teachers can better examine learning practices by using blockchain technology to track student performance and results. Instructors are now able to assist pupils in becoming better. We evaluate the students using Amit Bachhawat mock exams and offer advice to help them do better before testing. Our pupils have excelled in their CA exams by using this strategy.

Artificial Intelligence

AI has simplified teaching tasks for educators and increased student access to education. Teachers can assign and mark online assignments and examinations more easily with the aid of AI software.

OMR sheets, for instance, are utilized in competitive examinations like the CA and others. Using AI technology, OMR sheet verification is carried out. Numerous topics in ICAI include concerns of a subjective nature. It demonstrates the significance of AI in higher education.

Although AI has made life easier, there are a few drawbacks as well. It is not uncommon for students to make incorrect entries on the OMR page. Students who have such circumstances have had their marks reduced without any chance of being corrected.

Conclusion

As can be seen above, both teachers and students can profit greatly from the latest technological advancements. In conclusion, we may state that the future of India’s educational system includes online learning, AI, blockchain, AR, and VR. On the down side, though, very few institutions have embraced the newest technological innovations. To deliver high-quality instruction, the Amit Bachhawat Training Forum CA Coaching institute already makes use of the most advanced technology.

Thus, to get the most out of your education, enroll in programs that make advantage of the newest technological developments for 2023. Nothing less than the highest education is acceptable for you.

commerce-courses-after-10th

Best Commerce Courses after 10th Class (2023)

Top Commerce Courses Following 10th grade Selecting between the commerce, science, or arts programs is the most difficult choice that students must make after graduating their 10th grade. Each stream offers a distinct selection of courses. However, a recent trend suggests that many pupils are strongly inclined toward business.

Students opt to select commerce since it is one of the academic tracks that is growing the fastest when compared to science and the humanities. You will therefore be on a safe career route if you complete one commerce course after the tenth grade.

Thus, this article will provide a list of the top commerce courses after the 10th class. We also discussed eligibility for commerce programs after October 10th.

List of Best Commerce Courses After 10th Class:

  1. Chartered Accountants
  2. Company Secretary 
  3. Cost and management Accountant
  4. Bachelors of Business Administration
  5. Bachelors of Commerce
  6. Bachelors of Accounting and Finance
  7. Bachelor of Computer Application 

Classes 11 and 12 are crucial for children, and moving from school to professional preparation after the 12th grade can be difficult. That being said, the best time to begin considering your career is just after the tenth grade. So let’s get started by studying the commerce stream.

Commerce Stream and its Subjects?

The commerce stream is a field that is related to business, economy, trade, and finance. Thus, in commerce classes 11–12, the primary disciplines you will study are accountancy, business studies, and economics. If you decide to take mathematics in class eleven, even though it is an elective, it will become equally important as the core subjects. There are other business electives after tenth grade, such as EP, IP, and PE.

1. Accountancy

Accounting is the measurement, processing, and dissemination of a company’s critical financial data. It also entails calculating and investigating the financial transactions that a company undertakes.

Chapters on business and non-profit organizations, including companies, partnerships, and dissolution, are covered in accounting lessons for grades 11 and 12. Essentially, it teaches students how to input financial transactions into the books of accounts of a company.

2. Business Studies

This topic is important because new technology has led to the emergence of new business practices. Frameworks, conventional and contemporary methods, and other business-related subjects are covered in this course. It essentially covers topics like business environments, consumer protection, organizational management, and financial markets.

3. Economics

Because it provides a thorough understanding of how the economy operates on both domestic and international markets, economics is an intriguing subject to study. The study of economics includes topics related to the national revenue and gross domestic product of a nation. It additionally enhances students’ understanding of annual budgets and their role in the Indian economy.

Also Read : https://amitbachhawat.com/ca-course-fees-in-india-for-foundation-intermediate-and-final-2023/

Other Subjects in the Commerce Stream

In addition to the subjects listed above, you will also study the following topics in Commerce Class 11:

  • English 
  • Mathematics
  • Information Practices
  • Psychology
  • Home Science 
  • Computer Science
  • Physical Education
  • Fine Arts

Why choose Commerce after the 10th?

One of the most profitable career routes after tenth grade is in business. You will have a tonne of options for commerce degrees after the 10th grade, all of which lead to fulfilling careers.

In a few years, any position in the commerce stream can offer you financial security, stability, and advancement. You can also work in the public or private sectors, run your own business, or launch a new venture. Commerce courses have a plethora of opportunities.

List of Commerce Courses After 10th

The courses in the commerce stream that you can sign up for after the tenth are listed here. After careful consideration, the courses that are described below are the best choices for students studying commerce.

1. Chartered Accountancy Course

One of the best professional courses after the tenth grade in the commerce stream is CA. With a focus on commercial accounting, the CA program prepares you to handle a range of responsibilities. A CA’s starting salary ranges from 7-8 lakhs annually. It is one of the most prestigious professions in the country. The duration of the CA course is seven years after the tenth grade (two years for the eleventh and twelveth grades).

Eligibility: After completing the tenth lesson, students may register provisionally for the CA course. On the other hand, you can take the CA Foundation exam following your completion of the board exams for the 12th grade.

Students can enroll in the Amit Bachhawat Training Forum to receive test preparation assistance. Amit Bachhawat Training Forum is the best CA institution; in the exams, hundreds of students received All India Ranks.

2. Company Secretary

The CS program, which is comparable to the CA Course and covers subjects including taxation, securities and exchanges, governance, and taxes, is available to students majoring in commerce. The student who would like to join the CS Course has to undertake three steps to pursue the Company Secretaries Course i.e.

3. Cost and Management Accountant

Class 10 students gain from the CMA course since it prepares them for careers in both accounting and management. If you are equally interested in both of these streams, CMA is the best option. In this instance, you also need to pass the Foundation, Intermediate, and Final exam levels. Three years are dedicated to the CMA Course.

Eligibility: Students with a 12th pass may register for the CMA course.

4. Bachelors of Business Administration

BBA courses offer a wide range of topics related to management. After the tenth grade, it’s a popular business course for pupils who don’t study mathematics. BBA courses include both a general course and specializations. If you have decided on a specific management career path, choose a BBA specialization course after the tenth. If not, you ought to apply to the regular BBA program.

Eligibility: A minimum of 12 years old is required for entrance to the BBA program. The applicant’s Class 12 or equivalent exam grade of 40% or higher is required.

5. Bachelors of Commerce

One of the very old school curricula for students in the commerce stream after tenth grade is B.Com. It addresses every subject related to trade and business. The general and specialized courses in the B.Com program are identical to those in the BBA program. Students typically enroll in this course in addition to another. This is because it is simple to break.

Eligibility: Passing course 12 is the minimal requirement.

6. Bachelors of Accounting and Finance

Students interested in accounting and finance can enroll in BAF after tenth grade. The BAF program lasts for three years. After completing this course, you will have great knowledge about management, investment analysis, auditing, etc.

Eligibility: This degree program is open to students who have finished their 12th grade.

7. Bachelor of Computer Application

Students who appreciate computer languages, software, and applications should take this commerce course after the tenth grade. With the help of this course, you will obtain a strong foundation in computer applications. This course covers a wide range of topics, including software engineering, database administration, and several languages.

Eligibility: To enroll in this degree program, you must pass the class 12 board exams.

The best commerce courses available after the tenth grade are these. However, in the sections that follow, we have included a few more business courses you can enroll in after tenth grade.

Career Options after 10th for Commerce Students with Maths

  • BBM Course
  • BA Mathematics
  • BCom Honours
  • BA in Statistics
  • BSc Economics

Commerce Courses after 10th Without Maths

You can get enrolled in the following courses from the commerce stream if you don’t choose maths:

  • BCom
  • BBA
  • BMS
  • Bachelor in Hotel Management
  • BA English Literature

In addition to traditional degree programs, there are other professional certificates that you can pursue. Here are some possibilities if you would like to work for any of these professional qualifications.

Professional Courses after 10th Commerce

  • Chartered Accountancy
  • CMA (Cost & Management Accountant)
  • Company Secretary
  • CFA Course (Chartered Financial Analyst)
  • Engineering
  • Medical
  • Law
  • Digital Marketing

Creative Courses After 10th in Commerce

Since Commerce is a multidisciplinary degree, students can select from courses and occupations in the humanities, law, arts, and other relevant fields. The following is a list of some of the most popular courses among students who want to major in creative subjects.

  • Photography Courses
  • Mass Communication Courses
  • Fashion Designing Courses
  • Interior Designing 
  • Digital Film making Courses
  • Animation Courses

CA Foundation Course – Best Commerce Courses after 10th with Amit Bachhawat Training Forum

CA is the best commerce course available after the tenth and twelve grades. If you also desire to become a chartered accountant, you can provisionally register for the CA Course after the 10th.

If students would like coaching for the CA Foundation, they can sign up for the Amit Bachhawat Classes. At Amit Bachhawat Training Forum, you can finish your education for grades 11 and 12 while also preparing for the CA Foundation. So that you won’t have to worry, we’ll help you find a balance between your schedule and your academics.

Amit Bachhawat Training Forum prioritizes three important components: training, practice examinations, and one-on-one counseling. These three factors will help you prepare for the CA tests in their entirety. We will also help you study more efficiently, understand the content more readily, and get better with repeated practice tests.

You too may be one of the students who breaks records and receives education fromAmit Bachhawat Training Forum.

Conclusion

You ought to know by now which Commerce courses are the greatest after the eleventh class. When selecting a course, think about what fields of commerce interest you beyond the tenth grade and what will lead to a reliable career and a comfortable living. 

This suggests that the CA degree is a fantastic option for those pursuing a career in business. If you wish to study CA or CMA courses, we at Amit Bachhawat ,provide the best coaching packages.

FAQs

Indeed, after the10th, the best stream is commerce. Numerous lucrative employment choices are available in the Commerce stream.

Chartered Accountancy after 10th is the best course for commerce students.

Yes. After the 10th, short-term courses are indeed beneficial. However, you must be picking up useful skills. But we would advise you to take a degree course as well.

Yes. CA is the greatest option, as we have stated. It’s because obtaining a CA opens up high-earning prospects for you.

Studying commerce stream courses, you can do jobs like Chartered Accountant, Company Secretary, Investment Banker, Chief Financial Officer, Economist, Manager, etc.

ca foundation exams

Study Tips for the CA Foundation Exams for Dec 2023 Exams

The Chartered Accountancy Foundation examinations, sometimes known as the CA Foundation exams, are the first step toward becoming a Chartered Accountant. The CA career is the best and most lucrative way to get into the finance and accounting fields. The CA Foundation test date 2023 for the December attempt is now available, with the exam running from December 31, 2023 to January 6, 2024.

If you are a CA aspirant wanting to take the CA Foundation test, this post will highlight all of the relevant elements, such as important dates, the application process, the CA Foundation exam pattern, and a few critical recommendations to help you prepare better for the exam.

CA Foundation Exam Details

Particulars Details
Name of Exam CA Foundation
Governing ICAI
Number of Subjects Four
Subjects Principles and Practice of Accounting

Business Laws and Business Correspondence and Reporting Business

Business Mathematcis and Logical Reasoning & Statistics Business

Economics and Business and Commercial Knowledge

Preparation Period 4 Months
Eligibility Criteria Appeared or Completed Class 12th
Passing Criteria Each Subject – 40%

Aggregate – 50%

Mode of Exam Offline
Exam Pattern Subjective and Objective
Last Date of Registration For Nov/Dec 2023 Attempt, 1 July 2023
Exam form Fill-Up Date Aug 2 to Aug 23, 2023
Exam Dates Dec 31, 2023 to Jan 06, 2023
Exam Frequency 2 Times in a year
Results February

 

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CA Foundation Exam Result 2023

Here is a step-by-step guide to downloading the CA Foundation Result:
www.icai.nic.in  is the website for the ICAI test.

Select “Foundation: June 2023”, enter your Roll Number with PIN or registration number as asked, and click “Submit.” 

Enter the Captcha code provided and answer any security questions before clicking “Submit” or “Check Result.”

Your CA Foundation findings will now be displayed in a separate window. You can save the results for later use. 

CA Foundation Exam 2023 Eligibility Criteria

The eligibility requirements for CA Foundation Nov 2023 registration are as follows:
Students must have passed or sat in the 12th examinations established by law or administered by a Central Government-recognized examination board. 

They must also finish their registration by July 1, 2023, in order to sit for the December 2023 CA Foundation examinations.

They must study for four months before sitting for the CA Foundation tests.

In addition, students must register with the Board of Studies (BoS). 

Students who have passed their 10th class examinations can also apply for provisional registration with the ICAI; instead of submitting their 12th Marksheet, they only need to submit a scanned copy of their admit card. Students who are awaiting exam results can also use the Provisional Registration.

CA Foundation Exam Application Process

To sit for the CA Foundation Exams, you must first complete the CA Foundation exam registration process. Here’s how it works:

  • Visit the ICAI website at icaiexam.icai.org.
  • Next, provide the required information and click Generate OTP to generate an OTP. As a result, you will receive the OTP immediately to your registered mobile number or email address. 
  • So, enter this OTP to complete validation; you’ll then receive your login credentials via Email/SMS.
  • Once your credentials have been accepted, use them to access the ICAI website and select Student Cycle from the left-hand menu.
  • Selecting ‘Apply for Foundation’ will bring you to a form with some fields pre-filled for you. Complete all remaining details before clicking ‘Save and Next’ to submit documents in digital format. Don’t forget to include your photo and signature.
  • After you have completed all of your information and documentation, you must pay the CA Foundation registration fees. 
  • So the next step is to take a printout of the registration form. Then, attach the relevant documents and mail them to the ICAI’s postal address. 

Documents Required For CA Foundation Registration

For completing the CA Foundation exams Registration, you need to keep a scanned copy of the following documents ready. So these are:

  • Recent Color Photograph
  • Copy of Class 10 & 12 Admit Card/Marksheet 
  • Proof of Identity 
  • If foreign, proof of Nationality

CA Foundation Exam Pattern

To do well in the CA Foundation examinations, you need be familiar with the exam design, marking method, time limit, and sort of questions asked. 
Here is the detailed CA Foundation exam pattern:

Particulars Details
Mode of Exam Offline, Paper-based
Exam Duration Paper 1 and 2 – 3 Hours

Paper 3 and 4 – 2 Hours

Question Type Asked Paper 1 and 2 – Subjective Type

Paper 3 and 4 – Objective Type

Marks Per Subjects 100 Marks
Total Marks 400 Marks
Marking Scheme No Negative Marking for the Subjective paper (1 and 2).

Negaitve Marking of 1/4 Mark (for wrong answers) for objecctive papers (3 and 4).

Medium of Exam English/Hindi except for Section (b) of Paper 2 (English only)

CA Foundation Exam 2023 Preparation Tips

1. Focus on Conceptual Understanding

The CA Foundation examinations require more than just memorizing concepts; they require an in-depth understanding of principles and their practical applications. As you study for tests like this one, take the time to completely understand accounting, law, and economic fundamentals. If a concept is difficult for you to grasp, don’t be afraid to seek clarification from teachers, mentors, or fellow students if necessary – having a strong conceptual foundation will serve you well both now and later on your journey to becoming a chartered accountant!

2. Practice and Mock Tests

Practice is essential for passing the CA Foundation examinations. As you study for them, spend a large amount of time solving practice problems, previous year papers, and mock examinations. This will acquaint you with the exam format while improving your time management skills, analyze mock test performances to find strengths and shortcomings so that you may alter your study plan accordingly, and boost your confidence while decreasing exam anxiety.

3. Stay Up-to-Date With Current Affairs

The CA Foundation examinations demand you to pass a paper on Business Economics and Commercial Knowledge, which needs you to stay current on current events and business news. Reading newspapers, financial journals, and online publications on a daily basis is a fantastic method to stay educated about pertinent issues, as is being aware of significant economic events, company developments, and government regulations that affect them all. Being conscious of your surroundings will not only help you perform better in this paper, but it will also broaden your entire understanding.

4. Maintain a Healthy Lifestyle

Last but not least, don’t forget your physical and emotional health when studying for the CA Foundation exam. Long periods of study can be harmful to your health and concentration; to stay focused and productive for as long as possible, make sure you get adequate sleep, eat a balanced diet, and indulge in regular physical activity.

Make time in your study routine for short mental breaks. You can also utilize relaxation techniques such as meditation or yoga to successfully manage stress and maintain focus. Maintaining physical and mental health will help you maintain concentration and productivity throughout your preparation journey!

Frequently Asked Questions :

 The CA Foundation exam date is December 31, 2023. January 2, 4, 6, 2024.

 Yes, CA Foundation exams are conducted twice a year.

The last date for CA Foundation exam registration is July 1, 2023.

CA Foundation New Syllabus 2024

The Institute of Chartered Accountants of India (ICAI) issued the CA Foundation New Syllabus 2024 on July 1, 2023 as a component of the new system of education and training. The new additions and modifications to the CA Foundation 2024 syllabus must be taken into consideration by candidates who intend to take the exam. The official ICAI website, icai.org, has the syllabus for the new program, CA Foundation, available there. The first CA Foundation exam to be held under the new ICAI program will take place in June 2024, whereas the final CA Foundation exam to be held under the current program utilizing the out-of-date CA Foundation material will be held in December 2023.

The revised CA Foundation test syllabus should be noted by interested applicants, who should then create a preparation plan in accordance with it. To discover more about the CA Foundation’s new curriculum, which is being implemented under the ICAI’s new structure and covers all the subjects and key concepts, read the entire article.

CA Foundation New Syllabus Papers 2024

In the new syllabus of CA Foundation, under the new ICAI scheme, the following papers have been included :

Sl. No Paper Name Marks Type of Questions
Paper 1 Accounting 100 Marks Objective
Paper 2 Business Laws 100 Marks Objective
Paper 3 Quantitative Aptitude:

Part A: Business Mathematics

Part B: Logical Reasoning

Part C: Statistics

100 Marks

Part A: 40 Marks

Part B: 20 Marks

Part C: 40 Marks

Subjective
Paper 4 Business Economics 100 Marks Subjective

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CA Foundation Syllabus Under New Scheme 2024

The table below provides the exact ICAI CA Foundation curriculum for each of the aforementioned papers in accordance with the most recent format. The specifics include both the fundamental ideas for each CA Foundation discipline as well.

 

Objective: To get a basic understanding of accounting’s concepts and principles and put that knowledge to use when creating financial statements and solving straightforward problems.
Topics Sub Topics
Theoretical Framework

 


  • Meaning and Scope of Accounting.
  • Accounting concepts, principles and conventions.
  • Capital and revenue expenditure, capital and revenue receipts,contingent assets and contingent liabilities.
  • Accounting Policies.
  • Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.

 

Accounting Process

  • Recording accounting transactions: principles of double entrybook-keeping, books of original entry-journal,subsidiary books,cash book, ledger-format,posting from journals and subsidiary books,balancing accounts.
  • Preparation Of Trial Balance.
  • Rectification Of Errors
Bank Reconciliation Statement Introduction, reasons and preparation of bank reconciliation statement
Inventories Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system
Depreciation and Amortisation

 

Meaning and distinctions between tangible and intangible assets, as well as concepts, computation methods, and accounting treatment of amortisation and depreciation, as well as changes to the depreciation method
Bills of Exchange and Promissory Notes Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
Preparation of Final accounts of Sole Proprietors Elements of financial statements, closing adjustment entries, trading account,profit and loss account and balance sheet of manufacturing and non- manufacturing entities
Financial Statements of Not-for-Profit Organizations Difference between the profit and loss account and the income and expenditure account, as well as the significance and production of the receipt and payment account, income and expenditure account, and balance sheet
Accounts from Incomplete Records (excluding preparation of accounts based on ratios).
Partnership And LLP Accounts

  • Final accounts of partnership firms and LLP.
  • Admission, retirement and death of a partner including treatment of goodwill.
  • Dissolution of partnership firms and LLPs including piecemeal distribution of assets
Company Accounts

 


  • Definition Of Shares And Debentures.

 

  • Issue Shares And Debentures,forfeiture of shares,reissue of forfeited shares.

 

  • Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).

 

  • Accounting For Bonus Issue And Right Issue.

Paper 2: Business Laws

Objective: to obtain general legal knowledge of the law of contracts, sales, and a comprehension of different company structures and how they operate in order to control the business environment, as well as the capacity to address simple application-oriented problems.
Topics Sub Topics
Indian Regulatory Framework Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.
The Indian Contract Act, 1872 General Terms of the Contract, the Consideration, and Additional Requirements for a Binding AgreementContract of Indemnity and Guarantee, Performance Contract, Breach of Contract, Conditional and Quasi-Contract, Contract of Agency, Contract of Bailment and Pledge
The Sale of Goods Act, 1930 Formation of the contract of sale, Conditions and Warranties,Transfer of ownership and Delivery of goods,Unpaid seller and his rights.
The Indian Partnership Act, 1932 General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm
The Limited Liability Partnership Act, 2008 Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organisations
The Companies Act, 2013 Essential features of company, Corporate veil theory, Classes of companies,Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management
The Negotiable Instruments Act, 1881 Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation

PAPER 3: QUANTITATIVE APTITUDE

Objective:

students become familiar with fundamental statistical and quantitative concepts and apply them to situations in business, finance, and economics to improve your ability to reason logically.

 

Topics Sub Topics
Part A: Business Mathematics
Ratio and proportion, Indices and Logarithms Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms
Equations Linear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems.
Linear Inequalities Linear Inequalities in one and two variables and the solution space
Mathematics of Finance

  • ◦ Simple Interest
  • ◦ Compound Interest
  • ◦ Nominal and Effective Rate of Interest
  • ◦ Present Value
  • ◦ Net Present Value
  • ◦ Future Value
  • ◦ Perpetuity
  • ◦ Annuities
  • ◦ SinkingFunds
  • ◦ Calculating EMI
  • Calculations of Returns:Nominal and Effective rate of Return
  • Compound Annual Growth Rate(CAGR)
Permutations and Combinations Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results
Sequence and Series Introduction Sequences, Series, Arithmetic and Geometric progression,RelationshipbetweenAMandGMandSumofntermsofspecialseriesand BusinessApplications
Sets, Relations, and Functions. Basics of Limits and Continuity Functions
Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications)
Part B: Logical Reasoning Number series coding and Decoding and odd man out, Direction Tests, Seating Arrangements, Blood Relations
Part C: Statistics
Statistical Representation of Data Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart
Sampling Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling type of sampling,sampling and non-sampling errors.
Measures of Central tendency and Dispersion Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation
Probability Independent and dependent events;mutually exclusive events.Total and Compound Probability and Bayes Theorem
Theoretical Distributions Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions:Binomial Distribution, Poisson distribution–basic application and Normal Distribution–basic applications
Correlation and Regression Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations,Regression coefficients
Index Numbers Uses of Index Numbers, Problems involved in construction Index Numbers,Methods of construction of Index Numbers.BSE SENSEX NSE

Paper 4: Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for addressing application-oriented issues
Topics Sub Topics
Introduction to Business Economics Meaning and scope of Business Economics.

Basic Problems of an Economy and Role of Price Mechanism

Theory of Demand and Supply

  • Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  • Theory of Consumer’s Behaviour –Indifference Curve approach.
  • Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency
Theory of Production and Cost

  • Meaning and Factors of Production, Short Run and Long Run.
  • Law of Production–The Law of Variable Proportions and Laws of Returns to Scale,Producer’s Equilibrium.
  • Concepts of Costs – Short-run and long-run costs, Average and Marginal Costs, Total, Fixed andVariable Costs
Price Determination in Different Markets

  • Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to study Oligopoly.
  • Price Determination in these Markets.
  • Price- Output Determination under different Market Forms
Determination of National Income

  • Macro Economic Aggregates and Measurement of National Income
  • Determination of National Income: Keynes’ Two Sector Basic Model,Three Sectors and Four Sectors Models
Business Cycles Meaning, Phases, Features, Causes behind these Cycles
Public Finance

  • Fiscal functions:AnOverview, Centre and StateFinance.
  • MarketFailure/Government Intervention To Correct Market failure.
  • Process of budget making: Sources of Revenue, Expenditure Management, and management of Public Debt.
  • FiscalPolicy
Money Market

  • Concept of Money Demand
  • Important theories of Demand for Money
  • Concept of Money Supply, Cryptocurrency Another New Terminology
  • Monetary Policy
International Trade

  • Theories of International Trade including theories of intra-industry trade Krugman.
  • TradePolicy–TheInstrumentsofTradePolicy.
  • TradeNegotiations.
  • ExchangeRatesanditseconomiceffects.
  • International Capital Movements: Foreign Direct Investment
Indian Economy

  • Before 1950- Chanakya and Nand Vansh
  • OECD Paper (1950-1991),
  • Basic knowledge 1991 Onwards

Requirements for Clearing CA Foundation Examination 2024

If a candidate receives at least a 40% on each paper and a 50% on the sum of all the papers in one sitting, they are deemed to have passed the Foundation exam. Unbiased in character, Negative marks will be assigned to Papers 1 and 2; further notification will be given. The papers 3 and 4 are of a subjective nature.

How to Prepare for the New CA Foundation Syllabus 2024 advice

The following advice will help you get started on your CA Foundation exam preparation:

Understand the syllabus: possess a thorough knowledge of the CA Foundation curriculum. Even though there are the same number of papers, one should conduct more research to see if any of the curriculum’s mentioned themes have been added to or removed.

Start Early: Now that the CA foundation test syllabus is available to the public, candidates should begin their preparations. If you get going early, you’ll have plenty of time to review and practice later.

Consult the Right Books and Study Guides: The ICAI website contains study guides for the CA foundation. Candidates can consult it as they prepare for the CA. Reading credible literature is another effective way for candidates to get ready for the CA Foundation exam.

Mock Test: Use realistic-looking practice tests to boost performance on test day. On the ICAI website, candidates can also attempt to pass practice exams for the CA Foundation.

Frequently Asked Questions

On July 1st 2023, ICAI issued the revised syllabus.

The first CA Foundation test will be administered in June 2024 in accordance with the updated ICAI education and training plan.

The updated syllabus for the CA Foundation course includes 4 papers.

 Each paper in the CA foundation exam has 100 points.

CA Course Fees in India for Foundation, Intermediate and Final 2023

Introduction:

Chartered Accountancy (CA) is a prestigious career choice, particularly for commerce students in India. Aspiring CAs undergo a rigorous journey that includes three key stages – Foundation, Intermediate, and Final exams. Beyond the academic challenges, understanding the financial investment required is crucial for anyone considering this path. In this blog, we will delve into the detailed breakdown of CA course fees in India for the year 2023.

Total Fees for CA Course for Foundation, Intermediate & Final 2023:

The CA course is a five-year commitment for those who successfully clear all exams on the first attempt. The total fees for the CA course range from 2 to 3 lakhs, covering registration, exam forms, articleship, and tuition fees at all levels.

CA Foundation Course Fees:

1.CA Foundation Course Fee:

  • The total CA Foundation course fees amount to Rs. 11,300, covering various components such as registration, exam forms, and additional charges.

2.CA Foundation Registration Fees:

  • The CA Foundation registration fee is Rs. 9,000, which includes the cost of the prospectus, student’s journal, and member’s journal.

3.CA Foundation Journal Membership Fees:

  • Students can opt for journal memberships at Rs. 200 (optional), providing valuable content related to the CA Foundation course.

4.CA Foundation Exam Form Fees 2023:

  • The CA Foundation exam form fee is Rs. 1,500 for Indian students, with an additional late fee of Rs. 600 for delayed submissions.

5.CA Foundation Fees for Re-appearing Students:

  • Re-appearing students are required to pay only the exam fee for subsequent attempts, not the registration fee.

6.Important Update regarding CA Foundation Registration:

  • It is crucial to register for the CA Foundation Nov 2023 exam before the deadline, with provisional registration available until 12th-grade results are declared.

CA Intermediate Course Fee Structure:

1.CA Intermediate Course Fee:

  • The CA Intermediate course fees vary based on the number of groups. Both groups cost Rs. 20,700, and a single group costs Rs. 14,500.

2.CA Intermediate Registration Fee:

  • Registration fees for a single group amount to Rs. 11,000 and for both groups, it is Rs. 15,000.

3.CA Intermediate Exam Form Fee:

  • The CA Intermediate exam form fees are Rs. 2,700 for both groups and Rs. 1,500 for a single group, with additional charges for late submissions.

4.Journal Fee for Intermediate Level:

Direct entry students must pay Rs. 200 for the journal fee.

5.Student’s Activity Fees for CA Intermediate:

  • An activity fee of Rs. 2,000 is applicable for access to seminars and workshops conducted by ICAI.

6.ICITSS Fees at the CA Intermediate Level:

  • ICITSS training before articleship involves fees of Rs. 6,500 for the Information Technology Program and Rs. 7,000 for the Orientation Program.

CA Final Course Fee Structure:

1.CA Final Course Fee:

  • The total CA Final course fee is Rs. 39,800 for both groups and Rs. 38,300 for a single group.

2.CA Final Registration Fees:

Registration fees for the CA Final exam are Rs. 22,000.

3.CA Final Exam Form:

Exam form fees for both groups are Rs. 3,300, and for a single group, it is Rs. 1,800.

4.AICITSS Fees at the Final Level:

Candidates must complete AICITSS during their last two years of Articleship, with fees of Rs. 7,500 for the Advanced Information Technology Program and Rs. 7,000 for the Management and Communication Skills.

Conclusion:

Embarking on the journey to become a Chartered Accountant is both intellectually challenging and financially demanding. Understanding the detailed fee structures for each stage is essential for prospective CA candidates. Whether you are at the Foundation, Intermediate, or Final level, careful planning and financial preparation are key to navigating the CA course successfully.  Join Amit Bachhawat Training Forum for CA CS CMA coaching classes.

Top 10 CA Firms in India for Aspiring Chartered Accountants

Introduction:

Embarking on the journey to become a Chartered Accountant (CA) in India is a significant and transformative step. The choice of the right firm is pivotal for a prosperous career. In this blog, we’ll delve into the top 10 CA firms in India, offering aspiring CAs profound insights into the dynamic world of finance and accounting.

List of Top 10 CA Firms in India (2023):

  • Deloitte India:

Deloitte India, a distinguished subsidiary of Deloitte Touche Tohmatsu Ltd., proudly holds the title of being the largest among the big four CA firms in India. This accounting giant stands as a beacon of excellence, offering a comprehensive range of services that go beyond traditional realms, including audit, tax, advisory, and more.

Deloitte’s commitment to fostering a thriving career trajectory for its employees is evident in its multifaceted service portfolio. The firm not only ensures that its professionals are well-versed in the intricacies of auditing and taxation but also provides avenues for advisory services, catering to a diverse array of client needs. One of Deloitte’s key strengths lies in its expansive global presence. With a workforce exceeding 200,000 professionals globally, Deloitte has cemented itself as an undisputed leader in the CA industry.

  • PwC India: 

Price Waterhouse Coopers (PwC India) stands as a mission-driven firm, deeply committed to delivering excellence in tax and advisory services. Positioned as a stalwart among the big four CA firms in India, PwC India is more than just an accounting entity; it’s a hub where missions are embraced and excellence is the norm.

What sets PwC India apart is not just its local prominence but its colossal global footprint. With a network that spans 157 countries and a workforce exceeding an impressive 280,000 professionals, PwC India is a global force in the world of chartered accountancy. This expansive reach translates into extensive opportunities for career growth for professionals who aspire to make a mark on the global stage.

  • Ernst & Young India: 

Ernst & Young (EY) India, a significant player among the big four CA audit firms in the nation, stands as a dynamic force in the realm of chartered accountancy. What sets EY India apart is not just its local influence but its global affiliation as a proud member of Ernst & Young Global Ltd.

EY India offers a spectrum of services that go beyond traditional boundaries. From transaction advisory to assurance, advisory, and tax services, EY India provides a comprehensive platform for professionals to hone their skills across various facets of finance and accounting. This multifaceted approach ensures that aspiring Chartered Accountants not only gain expertise in their core areas but also explore diverse dimensions within the financial landscape.

  • KPMG India: 

KPMG India, an integral part of the Big 4 auditors, is not just a firm; it’s a comprehensive ecosystem offering a spectrum of services that transcend traditional boundaries. From financial services to business advisory, tax-related regulatory services, and risk advisory, KPMG India stands as a dynamic force in the world of chartered accountancy.

The strength of KPMG India lies not only in its local influence but its global connectivity. With a global headquarters nestled in the Netherlands, KPMG India is part of a vast network that spans the globe. This global presence transforms it into a powerhouse, providing varied opportunities for professional growth for aspiring Chartered Accountants.

  • BDO India:

BDO India, tracing its roots back to the esteemed Binder Seidman International Group, stands as a prominent CA firm celebrated for more than its financial acumen—it’s celebrated for its unwavering professional attitude. In the intricate world of chartered accountancy, where precision and professionalism are paramount, BDO India emerges as a dynamic force.

What sets BDO India apart is not just its local prominence but its international acclaim. With a legacy linked to the Binder Seidman International Group, BDO India inherits a tradition of excellence that transcends borders. This global connection positions BDO India as an entity that understands not only local financial landscapes but also navigates the complexities of international business environments.

  • Grant Thornton International: 

Grant Thornton India isn’t just a firm; it’s a strategic player positioning itself as a growing force in the accountancy realm. With a targeted focus on tax, advisory, and independent assurance services, Grant Thornton India creates a dynamic environment for aspiring Chartered Accountants seeking to grow their careers.

What makes Grant Thornton India stand out is its strategic approach to the complex world of finance. It’s not merely about crunching numbers; it’s about navigating the intricate landscapes of tax regulations, providing strategic advisory services, and ensuring independent assurance that instills confidence in clients.

  • RSM India:

RSM India, a trailblazer in the realm of taxation services, proudly holds the title of the 7th largest network in professional services. What sets RSM India apart is not just its size but its commitment to excellence, making it an excellent choice for aspiring Chartered Accountants seeking a fulfilling and dynamic career.

In the intricate landscape of taxation services, RSM India emerges as a leader, providing a comprehensive platform for professionals to excel. Its recognition as the 7th largest network in professional services is a testament to its influence and impact on a global scale.

  • SR Dinodia & Co. LLP: 

SR Dinodia & Co. LLP in New Delhi isn’t just an accounting firm; it’s an esteemed institution that has carved its niche in audit, tax, accounting, and consulting. What makes it stand out is not just its local influence but its global presence, offering distinctive career prospects for aspiring Chartered Accountants.

The strength of SR Dinodia & Co. LLP lies not only in its diverse service offerings but in its expansive global network. With over 170 alliance partners spread across the globe, the firm becomes a hub where local expertise meets global perspectives. This global presence positions it as an attractive option for those seeking a well-rounded professional journey

  • Lodha & Co.: 

Lodha & Co. stands as a beacon of excellence, garnering international acclaim for its profound expertise in accounting and taxation services. This isn’t just a firm; it’s an institution that has etched its name on the global stage, attracting aspiring Chartered Accountants with its reputation for excellence.

What sets Lodha & Co. apart is not just its local presence but its strategic positioning in key cities. With branch offices strategically located, it ensures that its professional services reach corporate clients in various economic hubs. This strategic placement creates a dynamic environment, providing abundant opportunities for career building for professionals who seek to thrive in diverse financial landscapes.

  • Luthra & Luthra India: 

Luthra & Luthra in India is not just a firm; it’s a premier professional services accountancy institution that stands as a frontline runner in the industry. Offering a diverse range of services in audit, advisory, taxation, and corporate law, it becomes a haven for young aspiring Chartered Accountants seeking a platform for a successful career.

What defines Luthra & Luthra is not just its service offerings but its commitment to imaginative accountancy solutions. In the dynamic landscape of finance and corporate law, where creativity meets precision, Luthra & Luthra provides a space where professionals can innovate, solve complex challenges, and contribute to the growth of their clients.

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Qualification for Applying:

To apply to these leading CA firms in India, candidates should meet specific qualifications:

  1. Cleared CA exams in 1 or 2 attempts.
  2. Attained an all-India rank in the CA Final exams.
  3. Demonstrated substantial Articleship experience in a CA firm.
  4. Possessed not just strong but exemplary communication skills and a positive personality.
  5. Acquired a comprehensive and in-depth knowledge in the field.

Conclusion :

Choosing the right CA firm is a pivotal decision for aspiring CAs. These top 10 firms in India offer a blend of professional growth, diverse services, and a conducive working environment, making them ideal choices for building a successful career in chartered accountancy.

FAQ’s :

1.Which company is the best for CA jobs in India?

Ans: The best firms for a CA job in India are Deloitte India, PwC, E&Y, KPMG, BDO India, Grant Thornton, and more.

2.Who is No 1 CA in India?

Ans: In India, becoming a Chartered Accountant (CA) can lead to employment in accounting, auditing, taxation, and financial management. Despite the fact that numerous Indian CAs have made tremendous progress in their various sectors, Kumar Mangalam Birla is unquestionably the richest CA in India.

3.What is the highest salary of a Chartered Accountant in India?

Ans: The average yearly pay for chartered accountants in India is 9.6 lakhs, with salaries ranging from 2.0 lakhs to 15.0 lakhs. Salary projections are based on Chartered Accountants’ most recent wages of $11.2k.

job opportunities for ca

Job Opportunities for CA Aspirants | Career Options After CA

Introduction

Embarking on the journey to become a Chartered Accountant (CA) is a significant step towards a dynamic and rewarding career. The world of finance and business awaits those who successfully navigate the rigorous process of qualifying as a CA. In this blog, we’ll explore the requirements, essential skills, and the plethora of career opportunities that unfold for CA aspirants after completing their journey.

Requirements to Become a Chartered Accountant

Level 1: Foundation The initial step in the CA journey is the Foundation level. It serves as a standard proficiency test and is a four-month course. The eligibility criterion is a 10+2 in any stream. Subjects offered in the commerce stream in class 11 align perfectly with CA aspirants.

Level 2: Intermediate The Intermediate level is a three-year course. Eligibility criteria include graduating with 55% marks in the commerce stream or 60% marks in other streams or clearing the CA foundation exam. There are two groups of exams for the intermediate level, and aspirants need to pass both.

Level 3: Final The Final level is a two-year course. To apply for this level, one must pass level 2 and complete two and a half years of articleship. After course completion and articleship, clearing the CA final exam marks the culmination of the journey to become a CA.

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Skills Required for Chartered Accountant

1.Market Awareness : CA aspirants must stay aware and updated on the latest tax laws and regulations. This knowledge is crucial for providing services to clients accurately and effectively. Awareness of trends and developments in the investment and finance industry is essential for providing valuable advice.

2.Analytical Skills: As a CA, the ability to logically and accurately evaluate numbers daily is paramount. An analytical mindset helps in assessing critical details, data, information, and numbers, enabling better financial judgment.

3.Attention to Details: CAs deal with numbers, making attention to detail crucial when formulating complex calculations and filing tax returns. Precision is essential to avoid errors and identify any inaccuracies.

4.Ethics: Integrity is a core value for a CA. Being trustworthy, loyal, and honest is not just a duty but a fundamental requirement. Maintaining work ethics is vital for gaining trust and establishing oneself as a reliable CA.

Career Opportunities for CA

1.Finance Manager Finance: Managers develop and monitor department budgets, providing assistance in setting the organisation’s future budget through financial forecasting. Analytical skills and proficiency in Microsoft Office suite are key for this role.

2.Tax Manager: Tax Managers manage all tax reports and ensure the firm complies with local, state, and federal laws. They strategize to minimize a company’s tax liabilities within legal bounds and play a crucial role in improving the company’s tax processes.

3.Auditing Auditors: Review a company’s financial activities, preparing financial reports, and providing advice on how to save money. It’s one of the most sought-after career opportunities for CA final students.

4.Certified Public Accountant (CPA): Considered one of the highest competencies in the accounts industry, becoming a CPA involves studying US Generally Accepted Accounting Principles (GAAP), Generally Accepted Accounting Standards (GAAS), IFRS (International Financial Reporting Standards), and US federal taxation and business laws.

5.Company Secretary Company: Secretaries handle an organization’s legal and accounting matters, authorized to perform secretarial audits. It’s considered an excellent career option for CA final dropouts.

6.Investment Banker: A prominent career opportunity for CAs interested in the stock market and forex. Working with foreign banks provides better growth exposure and global clients.

7.Entrepreneur: Choosing to be an entrepreneur is an excellent option for CA freshers, offering opportunities for diversification and long-term career expansion.

Conclusion

Whether you have just graduated or are exploring new career paths, the CA profession opens up various high-income opportunities. From starting your firm to advising on financial aspects in diverse sectors, a CA’s journey is filled with possibilities. As you venture into this dynamic field, embrace the challenges and opportunities that come your way, knowing that the world of finance and business eagerly awaits your expertise. Your CA qualification is not just a certification; it’s a passport to a world of endless possibilities.