06 October 2013
I am CA Final Student and i wanna go for another professional course with CA i.e. CFA within my articleship period should i go for it Please Provide any current circular regarding it.
In CCI a frequently asked question is what are the options available after/with CA or CS? So please find below some suggestions. There are many courses which you can pursue with CA or CS. However the choice and decision depends upon many factors like one’s own interest, cost, duration, time devotion etc. depending upon your circumstances.
In this regard I’d suggest you to explore your own interest and then decide what you want to do in future.
SOME OF THE OPTIONS AVAILABLE ARE:
1. CS, ICWA, CFA (US), CMA (UK). These are long term duration with more than 3 years. 2. CPA, CFP, CIA, CISA etc. are medium term duration depending upon the devotion and your level of knowledge. 3. Further there are many certification programmes like, CIFRS, NCFM, CMA (US) etc. NCFM course is conducted by the Indian Stock Exchanges and concerned with security market.
The combination of CA+CFA is good in case the interest is for Investment banking and Portfolio Management.
The combination of CA+CPA is also a good one in case interest is in Accounting and Auditing field.
The Combination of CA+CS is also good. With this combination you will be able to handle Secretarial deptt along with Account and finance deptt. It is also very helpful to take top chances to work with top management.
The combination of CA+CS is helpful in long run to grab top opportunities at management level. CS is a very good combination with CA as far as course content and understanding the corporate environment is concerned.
If you are having CS qualification then you can easily and confidently handle or administer secretarial work/department along with the account work/finance department.
Also focus on the opinion below:
In today’s time ICAI membership only is not enough. To improve the chances of getting quick job after receiving ICAI membership following practical things is necessary to be considered:
1. More than basic understanding of accounting. 2. Good knowledge of ERP, Tally, SAP, IFRS, MIS working environment. 3. Understanding of working as a finance part. 4. Good and practical knowledge of Taxation.
Students preparing for CS course and want to join some additional course can go for LL. B.
As per my suggestion with CS one should go for LL.B. to grab top opportunities at management level. LL.B. is a very good combination with CS as far as course content and understanding the corporate environment is concerned.
If you are having LL.B. qualification then it would be counted as an additional advantage and you can easily and confidently handle or administer Legal work/department along with the secretarial work/department. Later on you may be designated as legal and secretarial head.
My best wishes are always with you. Be humble and be successful.
PURSUANCE OF OTHER COURSE OF STUDIES With the permission of the Institute a student can pursue one course of study at a time. A student has to submit application in Form No.112 to the appropriate Regional Office of the Institute seeking permission to pursue other course of study within one month of joining the college/ course. The office shall grant permission within one month from the date of receipt of Form No.112. The students currently undergoing graduation or other course under general permission, which was given for the articled assistant to pursue graduation course, is withdrawn; therefore should obtain the permission within six months of issuance of new guidelines. The students shall, however, be permitted to complete the academic session/year currently undergoing and switch over to correspondence courses or institutions where no classes are conducted between 11.00 a.m. and 5.00 p.m. on any working day. The certificate portion in Form No.112 indicating college timings etc. shall be countersigned by the Principal of the college with the seal and stamp of the college and also indicating the telephone number and full address of the college. In the event of breach of these guidelines and not taking permission as required, the articles already undergone shall be derecognised for such period as the Institute may decide. In case an articled assistant is found not undergoing articles in the manner prescribed, he shall be debarred from appearing in the exam up to 3 consecutive exams besides cancellation of such period of articles. The concerned member who allowed him to be such an articled assistant be subject to punitive action besides withdrawing either partly or fully his eligibility to train articled assistant. In Peer Review, the Reviewer be required to verify whether training is imparted to the articled assistants in the manner prescribed.
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