Which course after plus two commerce?

Industry Oriented Integrated Course

Even after the global pandemic like Covid, the Indian economy is growing and future looks really bright. It is sure that the job market is going to grow like better than the pre covid period.

But it is true that every growth comes with a change, the change for good.

The global economy is growing selectively and in some developed markets, grip of recession is growing.

What will happen in such layoff situations?, this is the question most of the people ask. The answer here is whenever the recession or the fear of recession happens, there will be lay offs and most of them will be unexpected.

Who will be more affected by layoffs?

Mostly people does not have any professional qualifications, in understandable terms the generalists will be thrown out easily than the specialists. So we need to differentiate between academic learning and professional learning.

Who is an academic learner?

Academic learner is a person who learns the subject to the deep. He understands the subject theoretically without any life time scenario encounters. He will be able to answer most of the questions asked but may not be able to handle a situation. The advantage for such a person is he will answers for the most of the questions on the subject of expertise, but may not be able to handle a situation. He can do any work, but when we look from the enterprise angle, they need somebody who can do their work as a specialist, especially in recession situations.

Who is a professional learner?

A professional learner is a person who have academic qualification along with practical knowledge. It means a person who is an academic learner along with proper exposure to practical scenario so that they will be able to solve the problems independently and work towards the growth of the enterprise where he is working.

Some of the statutory qualifications awarded by the Government of India are explained here in this article, it does not mean that these are the only courses available, you will definitely have more courses available according to your choices.

Chartered Accountancy

CA or Chartered Accountancy is a prestigious course or an international accounting designation that is granted to accounting professionals across the world, except for the United States. The equivalent of CA in the US is the CPA or certified public accountant. Through this course, you will learn subjects such as tax laws, taxation, corporate law, business laws, and auditing.

This course is divided into three levels, i.e.:

CPT (Common Proficiency Test)

IPCC (Integrated Professional Competence Course)

FC (Final course)

Students need to clear a previous level to take up the next exam. CA is one of the most sought-after career options after 12th for commerce students. The overall difficulty of this course is very high and therefore it might take some students multiple attempts to clear a level. You should check out the maximum number of attempts before pursuing the course so that you can prepare better. It is among the most paid career choice in the field of commerce.

Some of the subjects you would master while pursuing this course are:

Accounting

Cost Accounting and Financial Management

Information Technology

Taxation

Auditing and Assurance

Ethics and Communication

Corporate and other Laws

Business Laws, and others

You can get all information regarding this course on the ICAI website.

Eligibility: 10+2 with a minimum 60% aggregate

Chartered Accountancy: Course Highlights

Name of the Course Chartered Accountancy

Course Level Undergraduate

Course Duration 5 years

Eligibility 10+2 with a minimum 50% aggregate

Average Salary INR 7 lakhs PLUS

Job Profiles Internal Auditing, Forensic Auditing, Career in Accounting and Finance, Tax Auditing, Statutory Audit under applicable statutes, Managing Treasury function, Forensic Auditing,

Company Secretary (CS)

Unlike CA, the company secretary program falls under the administration of The Institute of Company Secretaries of India(ICSI). The commerce students with an inclination towards theory courses in law would prefer this course.

Just like the CA course, the CS professional program also has levels to clear until they reach the final level. The course informs the students about legal proposes and agreements of companies. It will eventually help you achieve senior positions in corporates and large firms.

When you look on to Company Secretary course you will understand that the availability of qualified company secretaries is comparatively very low when compared with other professional qualifications. Companies Act 2013 make is mandatory to appoint company secretaries in every listed company as well a company which have paid up share capital of 10 crores. In the same way the statutes made it compulsory to have Secretarial Audit in the same way of Financial Audit.

Some of the subjects you would master while pursuing this course are:

General laws

Labour laws

Economic laws

Security laws

Corporate laws

Taxation

Accounting

Financial Management

Forensic audit

Artificial Intelligence

Ethics and communication

This course is divided into three levels, i.e.:

CSEET (Common Proficiency Test- ONLINE ENTRANCE)

EXECUTIVE

PROFESSIONAL

Company Secretary : Course Highlights

Name of the Course Company Secretary

Course Level Post Graduate

Course Duration 3 years

Eligibility 10+2 with a minimum 50% aggregate

Average Salary INR 7 lakhs PLUS

Job Profiles Compliance officer, Company secretary, Secretarial auditor, Internal auditor, Concurrent auditor, Financial Advisor, Business consultant, Business advisor and the like.

Cost and Management Accountant

Cost and Management Accountant is a professional course offered by ICAI (Institute of Cost Accountants of India). It is very similar to CA and CS. The curriculum of this program is formed on the basis of different levels (foundation, intermediate, and final) that the students need to clear to complete the course. The students are required to obtain expertise in a total of 20 subjects, some of which are mentioned below:

Cost and Management Accountancy : Course Highlights

Name of the Course Cost and Management Accountancy

Course Level Post Graduate

Course Duration 3-5 years

Eligibility 10+2 with a minimum 50% aggregate

Average Salary as per industry standards

Business Mathematics and Statistics

Laws and Ethics

Accounting

Economics

Management

Company Accounts and Audit