CA course direct entry encourages the graduates and other professionals like CWA and ACS to enter directly into CA at the intermediate level. The eligibility and the procedure for direct entry scheme to become CA after graduation are as follows:
- For commerce students, fifty-five is the mark criteria, and it is 60 per cent for the other stream students.
- The ICAI direct entry scheme for graduates is meant for student who starts their journey with the ICITSS course and then proceed with the intermediate examination, article ship training and CA final examination.
- Three years of article ship training and eight months of the study period for two levels is mandatory.
- The intermediate coaching, Final level coaching and article ship can be taken side by side. Altogether the course goes for three years after graduation.
- The registration fee and ICITSS fee are 18,000 and 28,000. Roughly, the student needs to have 46,000 as fees.
The fascinating question that students generally ask is the experience after graduation and before graduation is the same. What makes the difference between graduates and non-graduates studying Chartered accountancy courses? The discussion of this blog brings out the practical knowledge and professional knowledge that help the graduates to become successful in the direct entry scheme to chartered accountancy course.
Syllabus of B.com and CA
B.com syllabus covers all the subjects in commerce. The operational knowledge and business knowledge is inculcated with the B.com course. Direct entry students get exemption from the Foundation Course of CA. This is because the fundamentals are covered in B.com and CA foundation. Recently, UGC announced that the CA intermediate students are equivalent to the B.com Course. The background of this announcement is to welcome the CA professionals to the teaching profession and research-based studies. Then how much time it takes to do CA after B.com? Yes, the fundamental knowledge thrust the students for hard work and helps them to succeed. The CA course offers professional knowledge that propagates the student with operational knowledge, business knowledge and the application of business knowledge.
Article ship training of graduates and non-graduates
Managing office time and coaching time is a big deal for working professionals. If the student takes a course after B.com, there are chances to do the job and CA together. Some students use job experience as article ship training which helps for completing the course on time. What makes the difference between article ship training and job? Let us dig deep about the experience derived from the job of graduates and non-graduates.
The articled assistants need to attend the article ship training for 35 hours per week. He needs to furnish the details of Graduation College to the ICAI institute. The place of article ship training is not only at the student’s discretion, but it also depends upon the professional work that they intend to do. They can work under practicing chartered accountants, Big Four companies, mid-sized firms and big firms. The toughest subject of the student can be selected for article ship training. The options left for a student are auditing, risk advisory services and mergers and acquisitions. Job after graduation provides the operational knowledge, not the professional competency. Article ship training in the core areas enhances the professional competency of the student.
Chartered accountancy course consists of the knowledge of direct taxes, indirect taxes and auditing standards of different domains. Risk advisory services provide knowledge about financial risk, regulatory risk, operational risk and cyber and technology risk. This department provokes knowledge about financial accounting, corporate accounting, auditing, Information technology and corporate governance. Mergers and acquisition projects educate the audit assistant about the planning, implementation, and understanding of the cultural difference with different markets. In some Companies, the acquisition of a cross-border business would be processed with an internal auditor who possesses efficient communication skills and cultural reasons. This domain experience enhances the communication skills, legal aspect and client management skills.
Job opportunities for B.com with CA
ICAI is an institute with multi-facet professional skills. The sustainability reporting maturity model is the best model for Indian corporate. It also encourages financial literacy for designing policies with growth-centric plans and supporting MSME units. PSUs, MNC companies, banks and insurance companies offer jobs like accounts manager and financial controller to the chartered accountants. Chartered accountants can practice independently with a spirit to support the industries.
There are new roles for chartered accountants to practice like a consultant, forensic auditor, virtual CFO, subsidy facilitation, RERA consultant, and payroll accountant. The traditional model of auditing suggests the auditor think about the manufacturing sector and service industry before starting the auditor job. In recent days, auditors have had opportunities in national and international jobs. The MOU between institutes strengthens the higher studies and job opportunities of chartered accountants.