The new announcement on March 15th, 2021 from UGC, the top most Apex body, states that the CA/CMA and ACS are equivalent to post-graduation. So, after post-graduation, students go for Doctorate. Students with a research mind pursue their study in the research field. The foreign universities also accept the CA/CMA/ACS qualification as post-graduation. The lecturership post demands the post graduation with SLET examination. So, CA/CMA/ACS candidates are eligible for working as professors. They can take MBA colleges and top universities as a lecturer. So, this announcement states that there is a value addition for CA/CMA and ACS in corresponding to higher education and job. So, learning B.com is not necessary as the qualification is equivalent to M.com. This blog brings out the guidelines, functionalities, and value of UGC. And also highlights the inter-relationship between CA, CMA, and ACS.
UGC Guidelines for 2021
UGC announced regarding the re-opening of the universities according to the number of students, the decision of the head of the institution, the decision of the concerned state or central governments, and also placement for the final year student is as per the decision of the institution’s head. Moreover, regarding admission to the courses, it had recommended the online platform. The admissions to the next academic year need to be completed before November 2020. The classes for the students have three options of online, offline, and a combination of both online and offline. UGC supports Digital India and it suggests conducting the classes through applications or videos connected to the internet. Social security is ruling the education industry. If the student is absent from the examination then he gets the alternative opportunity to attend the examination. Online examination calls for technological advancement. It has to be device-friendly with tutorials for beginners. New education policy will take this as a model for the undesired events expected in the future.
The E-content development program of UGC
UGC encourages the development of e-contents in all subjects. So, teachers with experience in teaching, university or college departments, and commercial establishments with experience in content development contribute to the e-content development policy of UGC. The classroom session of two and a half hours is presented as e-content with 30 minutes. E-content takes less time and it can be text-based content and video content.
There are strict rules with UGC regarding plagiarism. If the percentage of plagiarism is 10 percent to 40 percent then they get the chance of re-submission. If the plagiarism is more than 40 percent then he will be deprived of the thesis submission. If the plagiarism goes beyond sixty percent then there will be a cancellation of the registration of the student. There are several stories about plagiarism from popular personalities in UGC. The vice-chancellor of pondicherry university in the year 2016 was Chandra Krishnamurthy, who was informed to quit the job because of the large portion of plagiarism found in his book. Another example was the Vice-chancellor of the University of Hyderabad, Appa Rao Podile who was charged as accused of three thesis scientific papers plagiarism.
As the latest announcement, UGC adds CA/CMA and ACS students to the status of the post-graduate student. The UGC expects the students to do research and publish content for the upcoming finance students. Finance professors, auditors, cost accountants, and company secretaries can contribute both to the business world and the educational sector.
How B.com, CA, CMA, and ACS are connected?
Regardless of the size of the organization, Companies want finance professionals to maintain the books of accounts and to analyze the financial data. If the dream of the candidate is to be an expert in the finance professional then he or she needs to get a professional degree like CA/CMA and ACS from a recognized Institute. M.com is the course that opens door to the vast opportunities arising in the auditing department, banking, and finance department, electronic marketing, management consultancy, funds management, and stockbroking. Fundamental knowledge is essential to excel in the professional level course. So, B.com, CA, CMA, and ACS have inter-relationship.
Generally, candidates look for foreign opportunities and independent practice as the earning potential is high. In some foreign universities, a bachelor’s degree is mandatory. The motto of an educational body like UGC is to enhance the value of the courses, motivate the students to do research, and increase their service as per their level of knowledge.