CA Exams- Mistakes you should Avoid to Pass

Worried about your CA exams? Definitely you will be, we know that; after all passing CA exams is not that simple. To say, there are no shortcuts; only hard work and patience will be paid off in the end. However, the past record shows that only a few students clear CA Final exam and most often the pass percentage lies upto a maximum of 10%.  

Before you go further ahead, keep in mind that CA Final is not just like any other accounting course. You have to be very disciplined and organized to clear the exam in the first try. The higher the level, the greater will be the difficulty. The CA Foundation exam might be easier for you to crack. But that’s not the case with CA Intermediate and CA Final exam; you must be very pre-planned to crack that tough nut. You might have been a school or college topper, but your senior secondary academic performance or score won’t favour you in CA exams. Please don’t lose hope: with hard work and good planning you can clear the CA Final in the first attempt itself. Also, you have to avoid some common mistakes that will weaken your chances to pass the exam.

Given below are some of the few things most CA students fail to address.

Not regular in the class: Being irregular in the classes will drop in a great trouble. Through skipping your classes, you are making a big mistake and it will definitely affect your CA exams badly. It’s a common tendency among the students to procrastinate their studies thinking that let the teachers complete the classes first.  But, it will adversely affect the studies, because if you are skipping the classes regularly, you will definitely miss the core portions and even if you try to study it later, the concept may seem incomprehensible. So, it is advisable to be regular in the class and study the concept within 24 hours so that you with proper revision and practice questioning, you can recall the concept during the exam time.

Fail to Execute Plans: Most of you might be good at planning; however, lack of execution of the plan will get you in trouble. So it would be better to stick to your plan and execute it properly to achieve success. Don’t postpone your studies for tomorrow.

Disregarding the ICAI Practice Manual: Ignoring the practice manual of the ICAI is not a good decision. So, when you complete a particular topic or chapter, start practising the questions in the ICAI manual. Practising a lot of questions will help you get the presentation idea.

Dummy Articleship: This is one of the biggest mistakes committed by many CA students. Articleship also known as the golden period of a CA student, plays a crucial role in the entire CA career. More than just bookish knowledge, practical understanding is very much important. Good involvement in articleship will help the student to get practical knowledge in areas such as Audit & Assurance, Direct Taxes, Indirect Taxes, Internal Audit and more. A dummy training will not help you gather this knowledge. So, it is advisable to be systematic in your Articleship and the practice with the utmost interest.

Lack of practice by writing: It is a common practice among the CA students to depend on calculators for solving the problems, due to the lack of time. However, it is not a good idea to answer the questions using gadgets. Solving the questions using a calculator will get you into confusions while presenting the answers during exams. In theory papers, you will get presentation skills by just reading and comprehending. On the other hand, in practical sections, the students are advised to practise the questions by solving them manually on papers instead of using a calculator.

No Self-analysis: Many students forget to do self-analysis while preparing for the exams. Even though you prepare and perform well in the exam, without self-analysis you cannot identify the drawbacks and pitfalls occurred in your studies.  By doing proper self-analysis, you will be able to know your weaknesses, and what all mistakes you should avoid to manage your CA Final exams in a very successful manner.

Still thinking of clearing the CA Final as a mountain climbing? We will help you out with the most advanced techniques and tips to tackle the exams in a very effective way. We provide the finest CA Final courses in Ernakulam, Kottayam and other major cities of Kerala leveraging our network of experienced teachers and rich amenities.

How to Pass ACCA in the First Chance?

The recent findings regarding ACCA reveal that twice as many candidates who don’t pass the ACCA exams in the first chance as the handful who do.

A first-time pass definitely can really set you atop in the challenging job market, especially in the accounting and business career. Since the financial, banking and accounting jobs that you can get into are incredibly high paid and glamorous professions that face good competition, the employers usually prefer the most eligible candidates who pass the exam the first time.

So if you are thinking that luck favours the most time, it’s absolutely a misconception. Your academic excellence and intelligence have nothing to do with the ACCA. The only thing that helps you pass the ACCA exam is the knowledge you acquired. How well you prepare, practice and perform plays a crucial role in the ACCA success.

Early Revision for Better Score

It doesn’t matter whatever you learn in your classroom, your ability to apply the concepts you have learned will define what you will score in your ACCA exam. Rote learning may not help you pass the ACCA always; you need to find time to absorb, learn, and practice what you are learning. Hence, from now onwards you need to move on from your usual regurgitation in learning and create a strong foundation of what you study in ACCA classes.

Finding a good amount of time to revise the topics will help you to perform better in your ACCA exams. It is always advisable to prepare a flexible study plan or calendar well in advance so that you can allot enough time for every topic you need to cover before the exam.

Practice Past Question Answers

It is quite natural that you get overwhelmed by the quantity of information you have to learn and focus entirely on the content of the exam only. Definitely, you should pay attention to the content you need to learn, but at the same time attempt to answer the related questions you may encounter in each part. A lot of question papers are available online for you to download. Get the previous questions and try to answer each type of questions. Practice question answering technique is a lot more helpful than merely focusing on the content learning only.

Think Like An Examiner

Always keep in mind that the ACCA exam will be based on the prescribed syllabus and papers you need to study. Hence you should familiarise with the right contents as per the syllabus and you need to ensure that you have covered that areas during your revision period. It would also be a good idea to go through the Exam Approach Interview contents on each paper published on ACCA official site to get an insight into the papers from the viewpoint of an examiner. Obviously, these interviews will give you an idea about the examiner’s approach and to understand which areas you need to improve for better scoring.

Be Healthy

If you want to pass your ACCA exam in the first chance, then you should not let the stress of the situation overpower you. Don’t lose your health in the long run to pass the exam. Putting a lot of pressure on your body and mind can ruin the whole exam and it can lead to great depression It is very important to eat well, exercise, get enough sleep and be in good condition to maintain your health and keep the exam pressure away.

Furthermore, be a part of the best institute

A good number of institutions give proper guidance to students and help them pass the ACCA in the first attempt. Most of these institutes will give you immense support to overcome your exam fears and stress, helping you to achieve good score in ACCA exams. If you are looking for the best ACCA course in Kerala, then your searches would definitely end up in Logic School of Management, the leading institute in Cochin and Kottayam which provides flexible ACCA course to help you excel in accounting profession. Logic is one of the most preferred ACCA institutes in Cochin and Kottayam which enables students to pass the ACCA in their first attempt itself.
Now it’s your time. Good Luck!

 

 

 

A Detailed Guide to Company Secretary Programme

Bygone are the days when teaching, engineering, banking, and medicine were the only career choices for students. To help you achieve your dream career, there are many certifications available now to pursue. However, choosing the right one according to your aptitude and ability is always tricky.

Company Secretary(CS) career is one such demanding profession that the world is seeking to pursue. Company secretaries are responsible to ensure that the company policies and practices are financially and legally acceptable and the organization complies with all the legal codes. As a CS, one must be efficient to coordinate flawlessly between different departments of the business corporate.

So if the CS career is tempting you to pursue the course, please take a look at the programme to get a clear idea about the course and its details.

A “Company Secretary” as defined as per the Company Secretaries Act, is a member of the Institute of Company Secretaries of India (ICSI). Obviously, to gain the membership in ICSI, you should complete the 3-level CS course provided by the institute. A certified Company Secretary is an expert in corporate governance and plays an important role in the legal management and performs secretarial audits for the company. Usually, a certified member can perform various roles such as compliance officer, executive secretary, chief Advisor, Board Advisor and many others in an organization.

CS Exam

The three levels of CS exam include 8 months Foundation, Executive and Professional Programme. Though candidates with 10+2 should start with the Foundation Programme, graduates can directly opt for the Executive Programme; however, to pursue Professional Programme it is mandatory to complete Executive Programme successfully. The exams of each level will be conducted twice a year, mostly in the month of June and December. The minimum duration for the course is 8 months; however, it is required to complete the programme within the 3 years of registration.

CS Course in Detail

In the Fundamental level, the students are expected to familiarize with the 4 papers of fundamentals of business and accounting practices. While the Executive programme includes 7 papers in two modules that are focused on company auditing and accounting practices, company laws, and tax laws, the Professional Programme has 4 modules with nine papers. In this level, the focus is mainly on corporate governance, strategic management, and other advanced topics. The exams conducted at each level will be of 4-hour duration.   

The candidate pursuing CS course should undergo different training programmes that are focused on developing the students’ skills, personality, and professionalism, by acquainting them with the corporate environment. The students will also master the role they need to perform in a dynamic business environment and to withstand in the corporate culture. The training is provided by industry experts and experienced faculty to help the students gain practical knowledge in company secretary roles.

The three training programmes of the CS Course are detailed below:

Student Induction Programme (SIP) – The duration of the course is 7 days and students are expected to complete this programme within six months of the registration.

Executive Development Programme: The students have to undergo this 8-days programme following the successful completion of the Executive Programme.

Professional Development Programme (PDP): The students have to undergo the 25 hours PDP course following the successful completion of the Executive Programme.

15 Months Management Training: During this 15 Months Management Training, the students have to undergo the training under a certified CS in practice or with a company registered for providing training.  

Besides, the student has to undertake a 15-days training in a specialized agency such as stock exchange, management consultancy or banking institution after passing the professional programme.

Management Skills Orientation Programme (MSOP): This 15-days programme is to be completed after passing the Professional Programme and 15 months of management training.

So you want to become a company secretary? Well, if you are very much passionate about pursuing a Company Secretary Course in India, find the best CS training centre to follow your dream career. If you are looking for an institute to get the best CS coaching classes in Kerala, Logic School of Management will be the ideal choice.

 

 

Best Tips to Study for the CPA Exam

The thought of clearing the CPA exam may be an intimidating one. This is because the course is a reasonably tough one. According to statistics, the pass rate for the CPA exam is just under 50 percent. However, this also means that over 50 percent of the candidates clear the exam. For those serious candidates that are attending CPA classes in Cochin, given below are a few tips that can help the candidate to prepare for the CPA exam effectively.

1: It is important to do a CPA Review course

The biggest mistake usually committed by those attending the CPA course in Kochi is not attempting to do a CPA Review Course. The practice sample questions and course textbooks may simply be not enough most often. These resources may not give you the intense A-Z thorough preparation that a review course does. Candidates who do not attempt this, often end up wasting a lot of time and regretting later on. Therefore, in the best interests of the students’ performance, it is best to do a review course.

2: Make your study environment conducive

Create a study space that helps you to study better and be in the ‘mood’. If you do not feel motivated to study for your CPA exams, it is time to examine your study space. De-clutter the space and make it airy. Turn off your mobile phone, TV and other distractions. Ensure that your study space is not noisy and is lit up well. All of these will surely help.

3: Study in the morning time

It is a good idea to study early in the morning and do the practice questions in the nights. Studying from 5 am. to when you leave for work/college is the best time. The evenings are likely to find you more tired. This helps you to understand the extent of your understanding of what you studied in the morning.

4: Inform your near and dear and get support

You would need a lot of understanding and support from your loved ones and friends. You can ask your mom/dad to call only once a week and inform friends you will perhaps hang out only once in a fortnight till the CPA exams are over. However, your mom/dad may be the person that you can confide in and explain to them your struggles and anxieties. Keep the path open for this.

5: Use the study technique that works best for you

There are many techniques available that you can use to study effectively. Whereas some would choose to write down important concepts as they study or listen to a lecture, others would prefer to do practice questions first and then review weak areas. Nevertheless, it is important that you choose the technique that suits you the best. One good way is to follow the review course recommendation. This makes it easier for you to make a start.

6: Take care of yourself

It is important to look after yourself carefully before the examination. Physical and mental health is important to perform well in the examination. Ensure that you eat right, exercise regularly, get sufficient sleep and maintain a positive attitude.

Why Logic School of Management

If you are looking for the CPA institutes in Cochin, Logic School of Management is perhaps the best pick. Designed by NASBA (National Association of State Board of Accountancy, USA) and AICPA (American Institute of CPA’s), the CPA program is very much similar to the Chartered Accountancy program in India. Passing this course ensures that the candidate has a thorough knowledge of the accounting principles practised in the US. Logic provides effective coaching for the examinations that are held during different months in a year. These exams are conducted in other countries such as USA,UAE, Kuwait, Lebanon, and Bahrain as well.

Logic assists the candidate in evaluating his/her eligibility to enrol for the course and appear in the exams, providing quality CPA course material from Wiley International, providing intensive coaching for all parts of the CPA exam and helping with other necessary guidelines. For the best CPA training in Kochi and for any other clarifications that you may need, you can visit www.logiccpacma.com.

 

How to decide whether ACCA is to be pursued along with or after B.Com?

We all are well-versed with the fact that in accounting, internationally, there are a number of courses and certifications up for grabs. However, the conundrum that students across the world face is which is the right certification they should opt for or whether they should go for all of them. Once this has been decided upon, the next big thing that aspirants need to answer is ‘when’ should they pursue each of these different certifications.

One of the most famous and fastest growing accountancy qualifications in the world is ACCA, which stands for the Association of Chartered Certified Accountants, a leading UK based international body which has been producing qualified, competent minds in the realm of accountancy for years now. As ACCA is an internationally recognized certification, earning an ACCA directly translates into a wider spectrum of opportunities across the world. Owing to the nature of the curriculum and the test structure, an ACCA aspirant gets to study all the aspects essential for commerce and business, ranging from accounting, taxation, marketing, management, reporting, law, government compliances and what not. Thus, an ACCA is not bound by the limits of operating only as an accountant. Due to the kind of knowledge a certified ACCA is supposed to have, ACCAs are welcomed by corporations across the world because they are seen as a replacement for several employees due to their all-round experience and knowledge in business.

One of the most frequently asked question by students is how do they decide whether to pursue ACCA after B.Com (Bachelors in Commerce) degree or simultaneously. Deciding such a question purely depends on the willingness of the students, their caliber to take on multiple things at a single point of time and the foresight of the student about whether he will be able to exert constantly for the next 4-5 years on the same thing or not. This is because although at one point of time, a student might be under the impression that he’ll be able to do both the things simultaneously, it might not be possible for him to find time separately for the two things later.

Now, depending on the above factors, a student may choose to pursue B.Com and ACCA simultaneously and otherwise. But clearly, there are several advantages in pursuing them together. Firstly, the total amount of time that it takes on an average to complete all ACCA papers is roughly four to five years. In case one plans to study B.Com and ACCA in isolation, it’ll cost him 3 plus 5, which is a total of 8 years. If however, he chooses to go hit them side by side, then there is a clear advantage of at least 3-4 years. Ideally, you may be able to get done with ACCA one year after having cleared your B.Com. Secondly, while studying B.Com in college, the only thing that you’re going to find yourself occupied with is studies. And honestly, if compared to professional courses like Law, Engineering or Medical, B.Com requires much less energy and time, so accommodating ACCA together with B.Com is not as challenging as it would have otherwise been. B.Com being very easy, ACCA + B.Com is not an impossibility.

Another advantage of pursuing ACCA while pursuing B.Com is that suppose the candidate, after having pursued ACCA for a year, doesn’t find it to suit him or his career needs, he can quit while he still has the time. And then, rather engage with things like marketing, banking or other government jobs. One of the biggest advantages that you must take note of is that if you are studying at a suitable university, earning a B.Com degree earns you exemption easily from at least 3-4 papers in ACCA.

If you are searching for the proper guidance in South India which can help you clear ACCA while you are pursuing B.Com, you’ve come to the right place. We examined the affordability and modus operandi of several ACCA coaching institutes in Kochi, for a start and the clear winner that emerged was Logic School of Management. Even for those looking for good quality ACCA training in Ernakulam or ACCA course training in other parts of Kerala, Logic stood out among all the good ACCA coaching institutes in Kerala. The reason why we shortlisted Logic School of Management is their panel of faculty members. ACCA is a professional course while requires aspirants to study almost all the aspects of business, be it law, management, marketing, taxation or accounting. Logic has got a highly dependable panel of faculty members, all experts in different fields so that while you are training for your ACCA in Kochi or any part of Kerala, you are able to tend to all the subjects of ACCA at the same level. For those students who hail from Ernakulam and other parts of Kerala or even the rest of the country, Logic School of Management provides some respite by way of its full-fledged hostel facilities which can easily accommodate all those who enroll. For an early discount or a brochure, reach out to them at cochin@logiccpacma.com or connect to them on 9995518581.

How to do ACCA after CA to get a global qualification?

How to do ACCA after CA to get a global qualification?
ACCA stands for Association of Chartered Certified Accountants which is a global professional accounting body that offers Accountant qualification certified by Chartered Accountant. ACCA is one of the most popular global accountancy qualifications. And needless to say, the ACCA is the catalyst that drives your career in the right direction as well. Find everything about the ACCA such as the process of admission, application form submission process, entry requirements, and lots of other details in the following post.

How to Apply for ACCA after CA?

  • The CA candidates can apply for ACCA online at ANY TIME of the year. The applications can be submitted online along with the supporting documents which will be mentioned on the official website of ACCA.
  • As the applications are submitted online, the processing of ACCA applications is very fast and the candidates are able to find the levels at which they have to begin their studies.
  • The candidates are advised to upload all the supporting documents at once while applying for ACCA; so that the forms are submitted and processed rapidly.
  • The candidates should note that without uploading the supporting documents and fee remission, the ACCA form submission will not be over.

Find all the other important details related to the ACCA application and other stages of certification.

Entry Level Requirements for ACCA:

There are some entry- level requirements for individuals who applied for ACCA after CA which can also be termed as the ACCA eligibility norms. The candidates will be allotted subjects for different levels depending on these entry level requirements.

Minimum Entry Requirements for ACCA are as follows:

  • The candidates are required to have passed TWO A-Levels and 3 GCSEs or any other equivalent exam.
  • The above mentioned exams (qualifying exams) should have been taken in 5 different subjects inclusive of English and Maths.
  • The official website of ACCA has a list of all kinds of exams conducted across various nations that are recognized by the ACCA.
  • In order to check whether the educational qualifications of any applicant are enough or not, they can visit the official website and find the database of minimum entrance requirements.

Entry Level Requirements for Foundation in Accountancy:

  • No minimum requirements have been fixed for the Foundation course. The candidates can begin at any level; though the Introductory Certificate is recommended in case the candidate has no formal education.
  • The candidates with education gap for formal education are also recommended, to begin with, the Introductory Certificate.
  • This is due to the fact that the candidates beginning at the Introductory Certificate level and moving to Foundation Level Qualifications are better performers in the higher level exams.

ACCA Application Submission Process

While applying for ACCA certification, the candidates are required to upload the copies of the supporting documents related to their qualification and personal verification. Without uploading the supporting documents, the submission process will not be over.
Documents Required for ACCA Application Submission

  • Official documents related to the educational qualification such as completion certificates or transcripts.
  • ID proofs such as Birth Certificate, National ID Card, Driving License and Passport etc.
  • Passport size photograph.

The candidates should note that the documents that are issued in any language other than English are to be uploaded in English Language as well. This means that the candidates have to get them translated into English and upload them along with the copy of the original document.
The candidates should note that mere filling of details in the application form and uploading of the supporting documents is not enough. After that they have to fill the fee as well.

Time taken for registration as ACCA student:

  • As the application process is online and candidates have to complete all the steps such as document submission and fee remission online only, the time taken to complete the registration is very less. If the candidates have all the documents and other things ready, they can complete the registration process in 15 to 20 minutes.
  • After the form has been submitted, the information has been verified and the fee has been acknowledged, the candidates can begin the course within 5 to 7 working days. In case, the documents are submitted offline i.e. via Mail, the complete process will take around 10 days to complete.
  • The candidates will be issued and sent a communication via email or offline mail to intimate that the form has been accepted and other details regarding the course.
  • The candidates can find the detailed fees on the official website. The fee is different for each country and each course.

EXEMPTIONS in ACCA:

The candidates can choose the exemptions while applying. These exemptions are based on the educational qualifications of the candidates and vary from person to person. This means that the candidates will not have to take some exams depending on the type of their qualifications. For example, candidates who applied for ACCA after CA has to appear only less number of exams when compared with normal exams.
There is an exemption calculator available online on the official website which will help the candidates to figure out the exemptions they can apply for.

Exams to be taken for completion of ACCA:

  • The candidates are to take 13 exams in total to complete the ACCA qualification and become a member of the same.
  • The exemptions in the number of exams mentioned above will be awarded based on the previous qualifications.
  • Apart from that, they are to have 3 years practical work experience.
  • Ethics and Professional Skills modules.

Duration of ACCA Qualification:

  • Number of sessions in each year: 4
  • Number of exams that a student can take at each session: 4
  • Maximum number of exams a student can take in each calendar year: 8
  • Number of years of professional experience: 3 years
  • Minimum duration in which a student can complete the ACCA qualification: 3 years

Duration of Foundation in Accountancy:

The initial foundation level qualifications are:

  • Introductory Certificate in Financial and Management Accounting
  • Intermediate Certificate in Financial and Management Accounting

They contain 2 exams and Foundation in Professionalism Module. This can be completed in 6 months.
The Diploma in Accounting and Business can be completed in 1 YEAR. The Certified Accounting Technician Qualification can also be completed in 1 YEAR given that you achieve the level of required work experience.
The candidates can find the details on required work experience level online on the official website.

How to Study for the ACCA after CA?

  • ACCA itself doesn’t provide any tuition. Though, it has a recommended global network of 3rd party tuition providers which helps the students to prepare for the exams and other kinds of requirements such as professional experience etc.
  • The candidates can find the Tuition Provider Directory on the official website.

Scope and opportunities for ACCA in India

ACCA stands for Association of Chartered Certified Accountants and is a reputed and world renowned association that provides a global qualification for the CAs. The certification includes 13 exams, 3 year professional work experience and ethic and professional work modules. The candidates can be exempted from some exams depending on their existing educational background.

Scope and opportunities for ACCA in India

Being a globally recognized qualification, the candidates having required ACCA membership can apply for jobs overseas as well. Similarly, the ACCA members can also apply for jobs in all the major MNCs in India including the Big Fours (KPMG, Deloitte, PwC and EY). The following post is concerned with the various  ACCA job opportunities in India.

The syllabus of ACCA comprises of knowledge module, skill module and essential module, which is as follows:

Knowledge Module

F1 – Accountant in Business
F2 – Management Accounting
F3 – Financial Accounting

Skill Module

F4 – Corporate and Business Law
F5 – Performance Management
F6 – Taxation
F7 – Financial Reporting
F8 – Audit and Assurance
F9 – Financial Management

Essential Module

P1 – Governance Risk and Ethics
P2 – Corporate Reporting – (UK or International)
P3 – Business Analysis

Options

P4 – Advanced Financial Management
P5 – Advanced Performance Management
P6 – Advanced Taxation
P7 – Advanced Audit and Assurance – (UK or International)

ACCA Scope in India:

  • The scope of a bright career and secure future that leads to financial freedom is on the rise. The companies (all sizes and might) are becoming more and more aware of the ACCA, its repute and value as an international standard.
  • Though some companies are still unaware of the global ACCA certification, the awareness is spreading really fast.
  • With ACCA membership, you can secure a job at the top MNCs inclusive of the BIG FOURS. Apart from them, the core companies such as TATA, BARCLAY’S, STANDARD CHARTERED, BDO, GRANT THORNTON etc are also recruiting ACCA.
  • The various job profiles that a student can follow after the successful completion of ACCA course in India

 

    • Investment Advisory
    • Risk Advisory
    • Audit and Assurance
    • Accounting Advisory
    • Internal Audit
    • Taxation
    • Corporate Finance etc

 

  • The job offers, designation and salary packages are though similar to those of CAs.

ACCA Job Opportunities in India

Though it really depends on the ACCA himself or herself, there are numerous career options once the qualification is over. As the qualification itself requires a professional work experience of 3 years, the ACCA can either resume their jobs at the companies they choose to work for in that tenure or go for the corporate jobs or private consulting etc.

  • The ACCA can secure a job in consulting, advising, fund management and taxation etc abroad such as USA, UK, Dubai and Singapore.
  • Financial or consulting job in the top-level MNCs.
  • Starting your own business for advising, consulting, tax filing etc can be another career option for the ACCA.
  • In case you wish to complete another program in Masters and pursue teaching etc in the field, you can do that as well.
  • Though the ACCA members don’t have the signing authority in India, they can do the audit work in the firms they are employed in.

ACCA Jobs in India:

There is one single dictum as far as the job market in India is concerned. In case you are the best of your field, the jobs will chase you themselves and in case you are average, the race is going to be at your end. Finally, if you are the one that falls into the category of below average performer, it is going to be really hard for you to find and grab a job.

The same principle applies to ACCA members as well. Having a good academic background, a good performance at the ACCA course exams and a good work experience will ensure that you have 2 or 3 job offers waiting for your final createresponse. The number actually depends on your abilities as well.

Taking help from some consulting or referral firm that connects you to the good firms with vacancies is one way to grab the ACCA Job opportunities in India. Sending individual resume to different firms on your own is another approach.

Further, the ACCA members are yet to achieve that distinct level of qualification and skill set in India. The jobs and designations will be equal to those of CAs. Therefore, a mere ACCA course certification will not make you superior to a CA competitor. You have to be good at your work.

Perks of being an ACCA member:

  • As the ACCA qualification is globally recognized, the candidates can apply for all the top international firms and get positive responses depending on their performance and professional experience.
  • The international jobs are always a yes.
  • The ACCA member is obviously a better choice for every firm as he or she is already well versed with the work ethic; has the required set of skills, has a better understanding and knowledge of the accounting world.
  • Apart from the core knowledge, the ACCA members have an exceptional understanding of the market strategy and organizational management.
  • What makes ACCA a big YES is the fact that the candidates can study while being in a job as well.

Another plus point of having an ACCA course certification is that you can move to the senior management positions very easily and in the very beginning of your career.

Hence, ACCA certification can really give a thrust to your career and make you a financially secure person in no time. In case your career choice is driven by the monetary benefits, you can rest assured that you can find really good ACCA job opportunities, job profiles, and big fat salaries after becoming an ACCA member.

What Employers Are Looking for in CMA (USA) Employees

The CMA or Certified Management Accountant certification is offered by the Institute of Management Accountants (IMA), United States. It has been one of the most respected professional credentials in the accounting and financial management sectors around the world for more than four decades. This is primarily because of the knowledge and skills that are usually guaranteed in any candidate holding the certification. CMA candidates are highly sought-after employees, and have historically been one of the most well-paid professionals in any field, even at the beginning of their career.

But as businesses evolve to become more digital, collaborative, creative and global, employers are looking for much more than just knowledge in the financial sciences from their CMAs. In the following paragraphs we explore a few skills that can give CMAs a leg up in their professional endeavours and in their long-term career.

Technical Skills

The new digital business landscape calls on all professionals to embrace and build technical skills or risk becoming irrelevant. While basic computer literacy is critical in the daily operations of any CMA professional, it is always a bonus if you are easily able to adapt to new technologies. This is because the evolution of technology is perpetual and continuous, and employers want people who not only excel with the software they use today, but are also technically prepared for what is to come tomorrow.

Analytic Skills

As the IMA website states, CMAs should be capable of explaining “the ‘why’ behind numbers, not just the ‘what.'” The age of big data calls on financial professionals to develop the ability to look at large sets of numbers and draw insights that can help businesses with their long-term strategies. Developing an analytical outlook on ideas can also help you to come up with innovative solutions for the varied and often complex financial issues that plague modern businesses. The right CMA USA course can help you gather the knowledge that will become the foundation for these analytical capabilities.

Interpersonal Skills

As the internet spreads to encircle the world, it shrinks the planet that we live in. Modern professionals should possess the skills to work successfully and collaboratively within teams that are often spread across the world. Also, most companies believe that it is only employees with a certain degree of interpersonal skills who can perform well in leadership roles that require them to manage large teams of different individuals of varying capabilities, while building cohesion within the enterprise.

The Pursuit of Knowledge

Yes, this is a skill. We are in one of the most transformational phases in world history, and are gathering new knowledge at a pace that is unprecedented. This means that professionals in any industry must imbue themselves with the mindset of continuous education. These new skills can be in the financial and management sciences or even professional capabilities and soft skills. Candidates that are receptive and ready for new knowledge are always sought after by employers, because they have a higher probability of professional growth and the abilities necessary for taking on complex responsibilities.

Developing the skills listed above can not only help candidates stand out in the crowded and competitive job-space, but also build a more successful and meaningful career. Your CMA USA coaching centre should be able to advise you on how to start building these skills and maintain the habit throughout your professional life. We wish you a successful career ahead.

Build A Promising Career As A Company Secretary

As corporate structures have evolved over the past decades, the job profiles of those in certain roles have undergone dramatic changes. One of the biggest among these is the position of a company secretary, whose tasks within an organization are no longer merely secretarial. From just supporting the daily tasks of those in leadership roles, company secretaries today maintain corporate governance standards and participate in formulating the financial and operational strategies of the business. The role has become so intrinsic to the operations of an organisation that it can often take on the name “Corporate Secretary” in Europe and the west.

We explore company secretaryship in detail in the following paragraphs.

Responsibilities of a Company Secretary

Company secretaries have a whole range of legal, compliance and managerial responsibilities within an organisation. It is their duty to ensure that the company is fulfilling its compliance and regulatory obligations and maintaining proper bookkeeping. They are often the company’s representatives on legal documents and the official point-of-contact between the company, its shareholders and government agencies. Company secretaries also play a key role in daily personnel and administrative functions and participate in corporate strategic planning in advisory capacities to the board of directors.

Are you Company Secretary Material?

With this long and varied list of responsibilities, it is easy to see that company secretaries require a certain degree of natural and developed skills to perform effectively in their roles. Company secretaries should be highly organized individuals with attention to detail and a keen awareness and interest in the law of the land. They should also have strong and effective communication skills, and be able to thrive in situations that demand multitasking, especially since the role is so multidisciplinary.

Career Growth and Opportunities

As per the Company Secretaries Act of 1980 and the Companies Act of 2013, all listed Indian companies, with a capital of more than Rs. 5 crores, are required to appoint a certified company secretary to their ranks. This means that there are enormous opportunities for company secretaries across industry verticals and sectors. With the kind of deep and meaningful roles that they play in an organisation’s structure, company secretaries are often known to rise to occupy senior leadership positions and play a key role in long-term decision making.

How do you become a Company Secretary?

A company secretary should be certified by a recognized body or institution like the Institute of Company Secretaries of India (ICSI). The company secretaries course offered by ICSI can be divided into three programs – foundation, executive and professional. Professional graduates, post-graduates and those with certifications from recognized accountancy bodies like ICAI can enroll directly in the executive program. If you are planning on taking on the programs, it would also be wise to seek the help of a recognized and reliable institution that offers coaching in ICSI’s Company Secretaries course.

In this age of rapid corporatization and entrepreneurship, the demand for company secretaries far outweighs their supply. So, becoming a corporate secretary not only guarantees professional growth, but also promises a highly rewarding career. We wish you the very best of luck!

Skills That Every Accounting firm is Looking for in A Chartered Accountant

It’s no secret that CA certifications have some of the toughest qualifying examinations in the world. But we also know that it’s all well worth the effort. Qualifying as an ACCA-certified chartered accountant puts you in a select group of highly respected and sought-after professionals with unlimited career opportunities across industry verticals.

While this still holds true, with increasing digitization, transforming financial environments, and evolving workplace mechanics, how enterprises and accounting firms perceive the role of chartered accountants in their teams and the skills they require from their ACCAs are changing. This means that the knowledge and skills you gain during your exam preparation and from your CA coaching centre, while advantageous, might no longer be enough.

We explore a few skills that will not only help you function well in the modern workplace, but also help you build a successful and fulfilling career as a chartered accountant.

  • Communication Skills

There is often a misconception among people that accountants need only be bothered about numbers. But the ability to communicate effectively with clients and offer sound financial information and advice with absolute clarity is a very important skill for all CA professionals. In fact, effective communication skills are an unparalleled advantage not just across industries but in all areas of your professional and personal life.

  • Professional Skills

The term “professional skills” combines a whole array of business and social skills that will help you succeed in your profession and contribute positively to the culture and development of the enterprise. These include everything from your ability to collaborate across teams to building long term relationships both within and outside the company. No matter where you stand in its structure, how you engage with your work and stakeholders will affect your organization as a whole.

  • Analytical Skills

Analytical skills are what set great CAs apart from the rest. In the age of big data, the ability to analyse and interpret this large volume of information to derive valuable growth-oriented insights is very important for any financial professional. Analytical skills will also help professionals develop innovative and strategic solutions for pressing issues. Of course, it is important to note that these skills can only be built upon a foundation of sound financial knowledge and training in accountancy.

  • Continuous Learning

The training that starts at your CA coaching centre should continue throughout your career. In today’s fast transforming financial ecosystem, it is critically important for a financial professional to continuously evolve and stay updated with the latest in what’s going on in the global landscape. This ability to develop yourself and your knowledge base will not only save you from becoming obsolete, but it will also help you maintain a level of fascination and interest in your job over the long term.

Every CA aspirant should make attempts to develop these skills and habits to ensure that they present themselves as a lucrative employee for international enterprises. It will not only give you a competitive advantage among your peers, but will also help you serve your clients best. The right CA coaching centre will be able to guide you towards understanding these skills and develop them, even as you are training and studying for your exams.