How to become a chief financial officer after college?

A Chief Financial Officer or CFO is one of the most respected and high-paying job designations across the globe. Depending on the kind and level of the organization the professional is employed with, the pay-cheques get fat and the designation gets powerful. The following post will the outlining a complete career chat that will help you become a chief financial officer or CFO after college and of course, the best partner for this intent and purpose. Before we venture into the career path for becoming a CFO, let us understand the job roles, responsibilities, career opportunities and various other crucial integrals of the job.

Chief Financial Officer – Qualifications, Job Roles and Responsibilities and Other Important Information:

  • In every organization, the Chief Financial Officer is the highest officer to make decisions related to the finances and accounting and provide impeccable leadership assistance at all times.
  • The various departments that are under the control and administration of a Chief Financial Officer comprise of a myriad such as pricing, purchasing, tax, debt, accounts payable and the investments.
  • All the transactions in all these departments and maintaining a perfectly synchronized record of them at all times; ensuring that all the audits and finance allocation and management is done without any error and malicious intent that might be harmful to the organization is one of the implied responsibilities of the job profile.
  • Further, with times changing and every office becoming compliant with the international standards and technological advancements, the Chief Financial Officer will also manage the online books; accounts; databases; external and internal audit records and presentation of classified and perfectly recorded information to the upper management.
  • Thus, the Accounting Courses for becoming a CFO are becoming highly popular are predicted to be in the Top Game for a long time ahead.
  • Major Tasks handled by a CFO are:
    • Internal Audit completion and classification of information in an intelligent manner to reveal patterns and other such derived information
    • Financial Compliance Management
    • Market Forecast and Expenditure management and reporting
    • Management of all kinds of finances across the whole company
    • Recording all the financial transaction across the whole company
  • The various divisions and categories of specialization for the Chief Financial Officer are as follows:
    • Managerial Finance
    • Financial Innovation
    • Financial Corporate Strategy
    • Operations Manager
    • Director of Operations
    • Business Manager
    • Director of Administration
    • General Manager
    • Finance Manager

Apart from being appointed as the Chief Financial Officer, the CFO is also a member of the Board of Directors and can also choose to go for various other roles such as People Management, Resource Management and other such profiles that require a perfect understanding and balance of theoretical knowledge and leadership.

Well, having had a good grasp of the various roles and responsibilities of a Chief Financial Officer, let us understand the Accounting Courses and Chief Financial Officer Courses or Qualifications that you are required to acquire and complete in order to become one.

Chief Financial Officer Qualifications – Education and Courses Required:

  • Masters Degree in Tax, Accounting, Auditing, Finance and Investing
  • Several years’ work experience as an on-hand expert
  • Certified Public Accountant (CPA) might be or might not be compulsory
  • A thorough knowledge and understanding of various key areas such as Financial Accounting, Computer Information Systems, Corporate Financial Reporting, Auditing, Applied Statistics and Business Taxes.
  • Apart from the one-time course, the CFOs are urged to grow and learn consistently and join the CFO Alliance or the US Chief Financial Officers Council or the American Society of Association Executives or other such global platforms to be on the top at all times.
  • A general career path to become a Chief Financial Officer would be to acquire a graduation degree in Management or Accounting. First, you have to Learn Accounting and then specialize in the various Accounting Courses such as CA. As CFO requires to be expert at perfect management of Accounts and Finances in an organization and is a crucial member of the major administration, just one specialization is not enough.
  • Hence, opting for a Global Certification or Qualification such as ACCA is a must. It equips you with the best knowledge and the qualification to run the high office and become a pioneer that excels.

To know more about ACCA and to start your career as the CFO, please log on to www.logiccpacma.com.

Central government job opportunities for a company secretary

If you are trying to pursue the course of a Company Secretary and have been wondering over the kind of job opportunities you will be offered or if you have just completed the course and are analyzing the various odds of getting the Government Jobs under the Central Government, then the following post will be one of the most useful things you will come across in the internet today. Before we outline the various job opportunities for Company Secretary, let us a have a brief overview of the course; the areas a Company Secretary can get a job in; various job options and prospects of all kinds of jobs.

Company Secretary – Course, Expertise and Employment Prospects:

  • The Company Secretary is a compliance officer of a company that offers in-house legal advice; is expert at the Corporate Law; Security Law; Corporate Governance and Capital Market.
  • Being the chief advisor to the Board of Directors that offers the best advice on the Corporate Governance and responsible for all regulatory compliances, the Company Secretary is a planner and strategic manager of all walks of Corporate Workings.
  • The expertise areas of a Company Secretary are:
    • Corporate Laws Advisory and Representation Services
    • Financial Market Services
    • Management Services
  • There are various other expertise sub-areas in all the above-mentioned ones and thus, the course prepares multi-disciplinary professionals with the core understanding of all the technical and allied counterparts of a work entity.
  • A Company Secretary can either work as an independent professional or go for employment in Private, Public or Government sector.
  • Being the key managerial personnel, it is mandatory for every company to have a company secretary that offers all kinds of legal, financial, managerial and representational services to the CEOs, CFOs and Managing Directors or Board of Directors.
  • Well, having had an introductory grasp over the various job responsibilities and areas of expertise for a company secretary, let us move onto the various Government Jobs the professional can take.

Company Secretary Job Opportunities – Government Jobs:

  • There are many Government Job Opportunities for a Company Secretary in various sectors. With the privatisation and globalisation of various Government Sectors and many companies and brands running in the partnership of the Govt and Private Sector, the job opportunities are on the rise and there are many options to choose from.
  • The major Government Vacancies for Company Secretary that can be taken are as follows:
    • Air India
    • KIOCL Limited
    • IRCON
    • CHiPS or Chhattisgarh Infotech Promotion Society
    • Gujarat Agro Industries Corporation Limited (GAIC)
    • Madhya Pradesh State Electronics Development Corporation Limited (MPSEDC)
    • IRSDCL
    • NERAMAC
    • BBNL
    • APGDC
    • PIPDIC
    • BDL
    • BSRDCL
  • There are many more names that are reputed and offer various Company Secretary Vacancies at various roles and designations.
  • As a company secretary you are employed as:
    • Legal and Secretarial Officer
    • Finance Officer
    • Company Secretary and Compliance Officer
    • Human Resources Management
    • Information Technology Manager and Consultant
    • Corporate Communication and Public Relations
    • Taxation Expert
    • International Trade and WTO Services
    • Takeover Code, Mergers and Amalgamation Expert
    • Securities Compliance and Certification Services
    • Public Issues, Securities and Listings Management
    • Representation Service
    • Secretarial Compliance
    • Audit Compliance and Certifications Services
    • Corporate Governance Services
    • Corporate and Financial Advisory Services
    • Corporate Secretarial Services
  • These roles and designation names will vary from office to office, but the core responsibilities of each role will remain the same. The Government Vacancies are announced on the official websites of the departments of various Ministries such as Agriculture, Mining, Metal, Electricals, Industrial Investment and lots more.
  • If you wish to stay at a much exciting side of the job spectrum where corporate culture is more than the routine nature and mundane life of Government Jobs, then you can opt for the offices that are held in a joint manner by the Government and Private Firms. The work culture and environment at the Private end of such offices is more or less like a corporate one and is exciting and bustling all the time.
  • With audits and financial revisions; managing the human resources; establishing the ground rules and managing the partnership rules; offering legal advice for any issues of conflict and many more such things will keep a Company Secretary on his or her toes.

Government Jobs – Salary Standards:

The salary offers vary as per the job profile, the company status and the candidate experience. The freshly graduated candidates with no experience might be offered something in between INR 35000 to INR 50000 per month the experience candidates that are being absorbed via internal channels or even the general recruitment process will be offered much more.

What makes the whole prospect of a Government Job for the Company Secretary better than the Private Companies is the job security and regularity. Rest, everything depends on your preferences and abilities.

Good Luck!!

Visit: http://www.logiccpacma.com/

Is an accounting degree worth it?

Have you been recently finding out the best CA training institutes in Calicut to start your career in accounting? Have you been worried over the current market scenario or have met someone that didn’t make it big after taking education at one of the most excellent CA colleges in Calicut? Or do you have any other doubts of such types in your minds? Then, the following post is going to be a really helpful thing you can come across the internet today. Before we begin with the real stuff, let us understand one thing – Accounting and Finance is MONEY. You work with money; you make MONEY!!!

Future of Accounting:

  • Accounting and Financing is a field that requires constant learning and hands-on knowledge of the relevant and allied technological as well as accounting advancements. So, have one thing clear – “You have to be SMART and more than willing to keep sharpening that smartness in every aspect you discover every day”.
  • The future of accounting is shining brightly as the summer sun. Why? Because the current scenario is witnessing the development of start-ups and SMBs which is still in its nascent stages and WILL GROW in the coming years. With more opportunities being created every minute, the avenues for brilliant and competitive minds are expanding like anything.
  • With various Gold Standard Certifications available online these days, the future of accounting has been becoming more promising. The professionals can take the exams and acquire the certifications from anywhere in the world and make their resumes even more sparkling.
  • Technology aids in acquiring expertise and knowledge. The CA professionals can easily learn and search things, facts, numbers, and skills easily over the internet and make their jobs easier and better.
  • An even better thing is that the Global Certifications and courses are high in demand and are recognized globally. You can get the skills, education and field experience; top it up with the Global Qualification and Certification and get yourself a sterling job that pays as well as helps you grow as a professional.

Having understood the various things that assure about the Future of Accounting, let us move on to the other crucial aspect – the education and training that define whether your accounting degree is worth it or not.

Education and Training Prospects that govern the validity of your Accounting Degree:

Even before you hit the search button on the Google to find the best CA colleges in Ernakulam and start your accounting degree course; you should understand that the education, exam preparation, training, information available at your hand and the channels for professional exposure will play key roles in your life as an accountant. Though there might be hundreds of CA training institutes in Calicut that claim to be the best, the actual best ones, are really hard to find and acing their curriculum is even harder.

  • Try to interact with the people that have already established themselves as the CA professionals and find out some of the best training institutes in Calicut that you can join.
  • Next step will be to do the research and find out about the education methodology, placement statistics, training programs, courses and degrees that are offered there.
  • Find out whether the institutes have any MoU or associations with the foreign institutes or offer global degree courses or prepare the students for global careers. There are very few CA training institutes in Calicut that offer training and certifications for global qualifications such as ACCA and CMA etc.
  • Finally, visit and find out what makes the institute rank as one of the best institutes in Calicut.

Apart from the training program and curriculum preparation, the institutes that have prospects for the international qualifications and certifications are certainly better options because they open the avenues of international job markets. The courses and certifications such as CMA and ACCA make you one of the most sought-after professionals and guarantee fat pay cheques for your whole life.

What makes the difference??

  • Every career and every degree earns you money and helps you grow as a professional. It just depends on your mettle and your expertise. Hence, the accounting is worth it; like anything; given that you are smart and keep on working and acquiring newly emerging skills and knowledge all the way.
  • Accounting and Financing is a country-neutral field as well; depending on the profiles and job avenues chosen by you. It is also one of those fields that allow you to land in jobs abroad without much hassle once you acquire the international degrees or certifications.
  • The last, but not in any sense the least, the CA colleges in Calicut that you will be choosing for exam preparation and training will play a key role in deciding your career.

The Logic School of Management has been producing successful professionals in accounting and finance since decades and has established itself as a premier institute in the field. It is also the ‘Only institute in Kerala to be recognized by IMA-USA for CMA coaching’ and has provisions for the global qualifications and certifications in accounting and finance. The LSM also has affordable CMA course fee in Kerala.

5 Major Challenges of a CA Professional

Chartered Accountant is a job profile which is lucrative owing to the money as well as professional growth avenues it opens. With the ease of doing business increasing steadily in the recent past, the number of start-ups and SMBs is gradually increasing which in turn has increased the demand for CA professionals around the globe. Though the CAs are high in demand and every year millions of students are graduating and enrolling in CA courses in Kerala, there are various challenges that should be understood well by all the aspirants to have a better understanding of their careers and lives as the CA Professionals. The following post will be highlighting the major challenges encountered by the CA Professionals and the best CA courses in Kerala that will help you prepare for these challenges ahead.

CA Professionals – Challenges that lie ahead:

1.Constantly updated top-notch knowledge base:

Though there are thousands of CAs that are absorbed every year, before you get persuaded to enroll in the classes for CA coaching in Kochi, it is important to understand that it is of extreme importance to stay informed of all the changes, introductions and amendments of Tax Reforms and other such regulations introduced by the Government from time to time. You just can’t rely on your sources and internet for instantaneous learning. Proper learning and knowledge acquiring are good, but regular updates and consistent improvement is what keeps your career going up always.

2.Training Matters:

One of the most determining challenges faced by the CAs is the difference between the level of training and real-world work scenario. It is of utmost importance that the CA courses in Kerala that you took assisted you in finding the most relevant and best source for the training as per your interests and mettle. If you idle away the time, then you can forget about opening your own practice one day because you will be ending up with zero professional knowledge of accounting and financial consulting in the real world.

3.Growth and Sector Specialization:

CA professionals have to make an extra effort and keep their working arena diverse and high-cadre to ensure that career grows and they don’t get lured into the shiny web of sector specialization. The sector-specialization can harm your growth and limit your professional career prospects. The reputed and the best institutes for CA Coaching in Kochi offer counselors and guides to help you steer your career in the rightmost direction and can also help you in finding new clients with proper training and mindset development.

4.Sensitive Exposure:

The CAs are always in the risk zone because they have access to some of the most sensitive and highly-confidential data and transactions of a company. In fact, if you are working for a big corporation or MNCs at a respected designation, then you will be having all the dirt on them in your hands and at your mercy. In such situations, it is of extreme consequence to guard the information and don’t let the beans spill as this might lead to huge fiascos and professional setbacks.

5.Degrees, Courses, and Certifications:(h2)

Earlier, CA used to be the ‘IT’ thing of the financial and accounting world. But, the times and requirements have changed now and people are requiring talent armed with a thorough knowledge of modern day technology; understanding of vast areas of accounting and of course, a backing of some gold standard certification. There are various names and brands that make your CV look good such as CMA, Company Secretary, and ACCA etc that not only open the avenues of jobs abroad but also help you in keeping your skills diversified and your pay cheques FAT!!

However, it goes without saying that these degrees and certifications will demand serious inputs in terms of time, money and efforts. So, be prepared!!

Some other challenges that are waiting for you after the course completion are:

  • Personal Issues:
    The CAs have to work overtime; they might have to neglect their health and rely on the caffeine and drinks for kick-starting their nerves; they generally tend to opt for high-paying immoral clients for making quick money and might also lose their independence all the while trying to do shady finance management and consulting.
  • Constant Pressure to excel and stay ahead in the game
  • Exploring the career abroad or keep sailing in your mainland
  • Finding out the best CA courses in Kerala that can help you ace your exams and careers side by side.

How to deal with these challenges??

Having read the pain-points, let us understand how to deal with them. Choosing a right CA Coaching in Kochi will obviously help. Proper professional manner of preparation and training; expert guidance from the counselors and teachers; an environment that aids in learning; an institute with connections in various top-tier CA absorption channels so as to guarantee placements and higher study guidance – all these calls for a career that shines and a professional that excels.

The Logic School of Management is the best institute that provides all kinds of coaching and CA Final Coaching Classes in Ernakulam. To know more, please visit www.logiccpacma.com.