We have discussed whether to go for an additional course along with CA in our last blog. Related to the last article, we have prepared this article to guide the students what are the additional courses that can be pursued along with CA. Let’s have a look to such courses below:
CMA (Cost and Management Accountant)
CMA is a certified course in India organized by CMA institute who are appointed to deal with the cost auditing. If you wish to pursue an additional certification with CA, then CMA can be a nice option to go with. The course will add value to your profile and again the best part here is subjects are much similar to your CA course.
CMA is appointed to handle the cost records of the company while the CA is appointed to handle the financial records of the company. If you pursue both the courses, then you will get an advantage over other candidates who can either handle cost records only or financial records only.
CS – Company Secretary
Institute of company secretaries of India awards the certificate of company secretary in India after passing out its final examination. Being qualified as CS along with your chartered accountant designation will make you professionally qualified to handle various corporate law matters along with accounting and taxation.
To get the CS Degree, you need to clear the three levels of examinations – Foundation, Executive and Professional. If you’re a CA, then you do not have to give the Foundation Level Exam.
A combination of these two degrees (CA+CS) would boost up the chances of getting a job as a Legal Advisor to MNCs for matters related Taxation, Audit and Accounting.
MBA in Finance
Another highly pursued course with CA is MBA Finance from a reputed college/institute. MBA Finance will help you to develop administrative skills which when merged with your financial skills will put you to a different level altogether.
Certified Financial Planner (CFP)
Certified Financial Planner (CFP) is an international certification program being conducted in the country by Financial Planning Standard Board (FPSB), India. FPSB, India is affiliated to FPSB, US. In CFP you will be able to study about Risk Management, Investment Planning, Taxation and Advanced Financial Planning. The Certified Financial Planner is an additional certification that will especially hone the skills towards guiding your clients in building a successful portfolio and planning their wealth & investments wisely.
Scope of CFP is very good in India as banks like ICICI bank, Standard Chartered Bank are making it mandatory for their Relationship Managers to acquire the CFP certification.
ACCA (Association of Chartered Certified Accountant)
You might have heard about ACCA which is rapidly taking its roots not only in India but throughout the world. It is a globally recognized profession working in 180 countries known for its excellence in accounting all over the world.
Chartered Accountancy is recognized only in India while the ACCA has a global recognition, therefore pursuing both the courses will give you an advantage of appointing in MNC working with overseas clients or even working in a foreign company as an Accountant.
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