Great things require a lot of money, and this is true for all vocations in India. The more difficult the exam you want to take, the greater your benefits in life if you pass it. A chartered accountant is one such professional course degree that is highly regarded not only in India but around the world (CA). Like civil service candidates, CA hopefuls devote many years of their lives to studying with the best CA coaching in India taking the CA test without knowing whether or not they will succeed.
The CA entry results each year can be used to assess the course’s difficulty. Many students abandon their dreams of becoming a CPA after failing to pass the tests, while others persevere until their goal is met. However, one should be cautious about the number of years spent clearing the entry since the more time you spend clearing the entry, the lower your preference in firms will be.
Every professional industry in India is becoming more competitive, and chartered accounting is no exception. While some students continue to work hard just to complete CA, others aim to take Additional courses related to CA to increase their worth and stand out from the crowd. Here are a few additional professional course after the 12th that might be advantageous if studied alongside or after CA for such motivated individuals.
Certified Financial Planner (CFP)
The Certified Financial Planner (CFP) is an international certification program organized and supervised by the Financial Planning Standard Board (FPSB), an Indian government-approved entity that deals with financial matters. This course provides you with a variety of abilities that might be useful in addition to CA. You obtain in-depth knowledge of taxation, advanced financial planning, investment planning, and risk management, all of which are important elements for ICICI Bank and Standard Chartered Bank, among others and would be a great option among additional professional course after 12th.
NCFM (NSE Academy’s Certification in Financial Markets)
NCFM is organized by the National Stock Exchanges of Mumbai, and it has a lot of value in addition to your CA certification. NCFM accreditation demonstrates that you are well-versed in the financial industry. It enables you to comprehend a variety of security market ideas and ideas, such as merchant banking, share trading, derivatives, and many more. You can acquire any skills that fall under NCFM based on your interests.
Certified Internal Auditor (CIA)
The Certified Internal Auditor (CIA) program is organized and monitored by the USA Institute of Internal Auditors, which is based in the United States. You may take the test from any CIA testing centre across the world. The CIA test is offered multiple times a year, and earning this credential qualifies you as an expert in internal auditing, which is required by many reputable companies around the country. Pursuing CIA and CA together might add a lot of value to your resume as suggested by experts teaching at CA foundation classes in Mumbai.
Certified Public Accountant (CPA)
The Certified Public Accountant program is one of the most prominent accounting programs on a worldwide basis, as the test is administered by the American Institute of Certified Public Accountants (AICPA), the most prominent accounting organization. In comparison to someone who simply has a CA certification, someone who has both a CA and a CPA certification has a lot more value among other additional courses. Several Indian corporations with ties to American firms need candidates to have passed the CPA test.
Certified Financial Analyst (CFA)
Another internationally recognized and essential credential is the Chartered Financial Analyst (CFA), which provides you with an in-depth understanding of investment management and portfolio management abilities, which are the foundation of the investment sector. You can enroll in a remote education program offered by the Institute of Chartered Financial Analysts of India (ICFAI), which is regulated in India. A CFA holding professional is extremely valuable in the rising financial industries of banking and insurance. Every motivated CA applicant should take the CFA tests, which are held four times a year.
With a Chartered Accountancy degree, you can pursue several different choices. At the same time, it is critical to be clear in your mind about the benefits and drawbacks of the route you intend to take. Enroll in AJ Education Next, the best CA coaching in India to take advantage of expert-curated online courses and study materials. Make yourself at ease and set yourself up for success.