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Low-Cost Commerce Courses After 10+2

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Low-Cost Commerce Courses After 10+2

Edited By Piyush Chaudhary | Updated on Mar 17, 2022 01:08 PM IST

For students who study Commerce in Classes 11 and 12, there are options beyond BCom. Many students consider one of the three professional courses offered by cost and accounting bodies. The courses include Chartered Accountancy (CA), Cost Management Accounting (CMA) or Company Secretary (CS).

These can be taken up right after school and studied along with the undergraduate programme. But how much does it cost and is it expensive to pursue these? That and more questions are answered below.

Chartered Accountancy

Commonly called CA, the course is offered by the Institute of Chartered Accountants of India, a statutory body. It is the professional body for chartered accountants in the country and trains students in taxation, finance, business advisory services and more. The Chartered Accountancy or CA course has three levels: Foundation, Intermediate and Final. Students have to clear all three for ICAI membership and to practise as a chartered accountant.

Low-Cost Commerce Courses After 10+2
Low-Cost Commerce Courses After 10+2

CA Overview

Exam Name

ICAI CA

Conducting Body

The Institute of Chartered Accountants of India

Course

Chartered Accountancy

Exam Level

National-Level Exam

Exam Frequency

Twice a year for each level

Exam Mode

Online

Levels of Exam

Three levels

  • Foundation

  • Intermediate

  • Final

Language

English/ Hindi

No. of Test Cities

164 cities in India and 35 chapters abroad

Official Website

www.icai.org

Chartered Accountancy Levels

Levels

Assessment Criteria

Foundation

Application, Comprehension and Knowledge

Intermediate

Analysis and Application, Comprehension and Knowledge

Final

Evaluation and Synthesis, Analysis and Application, Comprehension and Knowledge

1. CA Foundation Course

This is the entry level and open to students who have passed Class 10 or equivalent exam. The first step is to register for the CA foundation course. The Foundation Course consists of four papers - two subjective and two objective. The CA Foundation exams are held in May and November. Course registration is valid for three years and can be revalidated any number of times for a further three years.

Who can appear for the CA Foundation Exam?

  • Students appearing in the Class 12 exam

  • Students who complete four months of study after registration. Those who have registered on or before January 1 or July 1 can appear in the May or November exam.

Foundation Course Registration Fee

Particulars

Fees

Cost of Foundation Prospectus

Rs 200

Foundation Registration fee

Rs 9,000

Subscription for Students’ Journal (For 1 Year) (Optional)

Rs 200

Subscription for Members’ Journal (For 1 Year) (Optional)

Rs 400

2. CA Intermediate Course

At this stage, only the working knowledge of core and allied subjects is covered. Students in their final year of graduation can register for CA Intermediate Course on a provisional basis. The Intermediate Course registration is valid for four years and can be revalidated any number of times for a further four years period by paying a fee.

Eligibility Criteria

  • Those who have passed the CA Foundation exam

  • Commerce graduates or postgraduates with at least 55% marks

  • Graduates or postgraduates in any other discipline with 60% marks

  • Candidates who are in their final year of graduation course can join provisionally. They are required to submit the proof of graduation within six months from the date of appearance in final year exams.

CA Intermediate Course Registration Fee

Particulars

Fees (Both Groups)

Fees (Group 1/ 2)

Registration fee

Rs 15,000

Rs 11,000

Student Activities Fee

Rs 2,000

Rs 2,000

Registration Fee as Articled Assistant

Rs 1,000

-

Total

Rs 18,000

Rs 13,000

3. CA Final Course

The Final Course is the last stage of the Chartered Accountancy curriculum. Students who have qualified all the papers of Group 1 and 2 in the Intermediate Course can register for the CA Final Course. Students are allowed to appear in the Final exam during the last six months of practical training after successful completion of the four weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS). The Final Course registration is valid for five years and can be revalidated any number of times for a further five years period by paying a fee.

Eligibility: Candidates who have passed all the papers of both Group 1 and 2 in the CA intermediate Course.

Final Course Registration Fee: Rs 22,000


2. Cost Management Accounting

A Statutory body under an Act of Parliament, The Institute of Cost Accountants of India is a professional body of management accountants in India. It comes under the administrative jurisdiction of the Ministry of Corporate Affairs, Government of India and is a member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and The South Asian Federation of Accountants (SAFA).

It has 4 Regional offices at Kolkata, Mumbai, Chennai and New Delhi, 91 chapters across the country, 9 centres abroad. More than 5 lakh students are registered with the institute which also has about 70000 members(CMAs) serving in various roles across the world.

The Cost Management Accounting (CMA) course offered by the institute has three stages: Foundation, Intermediate, and Final. Details are given below.

ICWA CMA Overview

Exam Name

ICWA CMA

Conducting Body

The Institute of Cost Accountants of India

Course

Cost Management Accounting

Exam Level

National Level Exam

Exam Frequency

Twice a year

Levels of Exam

Three levels

  • Foundation

  • Intermediate

  • Final

Career Opportunities

Financial Analyst, Research Analyst, Cost Manager, Chief Accountant, Auditor, Financial Controller

Language

English/ Hindi

Official Website

icmai.in

1. CMA Foundation Course

The entry level to ICWA CMA is the foundation course. Class 10 passed students are eligible to apply for the foundation course while students who have passed Class 12 can appear for foundation exam. The CMA Foundation Course consists of four papers and its duration is eight months. The foundation exams are held twice a year. The course registration is valid for three years and can be revalidated any number of times for a further three years.

Eligibility:

  • Candidates who have passed Class 10 or equivalent

  • Students who have passed Class 12 or equivalent can also apply

  • Those awaiting final results can apply for provisional admission

Foundation Course Registration Fee

Particulars

Fees

Oral course fee

Rs 6,000

Postal course fee

Rs 6,000

2. CMA Intermediate Course

The ICWA CMA intermediate examination is conducted to assess skills gained in the foundation course. After qualifying the foundation exam, students are required to pursue the CMA Intermediate course. Students learn about financial accounting in depth and are introduced to various financial sections such as direct and indirect taxation, cost accounting, and more. On completing the course, students are required to appear for the Intermediate exam.

Eligibility:

  • Should have passed Class 12 or

  • Completed the foundation exam level of the Institute of Cost Accountants of India or qualified the Intermediate (Entry Level) Part I examination of Certificate in Accounting Technicians (CAT) Course of the Institute of Cost Accountants of India or

  • Completed graduation from a recognized university or equivalent in any subject other than music, dancing, photography, painting and sculpture/ pursuing Engineering and have completed year two/ semester IV/ equivalent or are qualified engineers

CMA Intermediate Registration Fee

Oral

Postal

Option I (Without Installment)

Option II (With Installment)

Option I (Without Installment)

Option II (With Installment)

Rs 23,100

Rs 12,000

Rs 11,100

Rs 23,100

Rs 12,000

Rs 11,100

3. CMA Final Course

This is the last stage in the journey to become a CMA. Candidates who have qualified in the Intermediate exam are eligible to enrol for the course. They need to complete the “Industry Eligible to enrol for Final Course Examination Oriented Training” and 50 hours additional Computer Training (if applicable) to appear for the final exam.

Eligibility

  • Should have qualified the CMA Intermediate exam

  • Should have a valid registration number

  • They should have completed prescribed training of the CMA Final course

CMA Final Registration Fee

Oral

Postal

Option I (Without Instalment)

Option II (With Instalment)

Option I (Without Instalment)

Option II (With Instalment)

Rs 25,000

Rs 15,000

Rs 10,000

Rs 25,000

Rs 15,000

Rs 10,000

3. Company Secretary (CS)

A national professional institute set up by an act of parliament, the Institute of Company Secretaries of India (ICSI) functions under the aegis of the Ministry of Corporate Affairs,

Government of India. Set up to regulate and develop company secretaries, ICSI is headquartered at New Delhi and has 4 regional offices at Chennai, Kolkata, Mumbai, New Delhi and 70 Chapters (including 1 in Dubai).

The CS course has been restructured in recent times and now has two stages - Executive and Professional. Admissions to the CS Executive Programme is through the Company Secretary Executive Entrance test (CSEET). CS Executive qualified students can go for the Professional course.

Company Secretary Course Overview

Course Name

Company Secretary

Level and CS course duration

The CS programme comprises two levels:

Executive - 9 months

Professional - 15 months

Eligibility criteria

CS Executive: Qualify CSEET exam. Candidates need to pass the Class 12 exam

CS Professional: Candidates should have passed the CS executive exam

Company secretary job profiles

Legal Advisor, Corporate Policymaker, Corporate Planner, Chief Administrative Officer

CS learning mode

Classroom or postal coaching

CS registration valid until

3-5 years

Education opportunities after CS

PhD in Commerce, Management and Law

Compulsory training duration for CS course

15 months

1. CS Executive Programme

The first stage in the CS qualification, the CS executive programme comprises two modules with four papers each. Students who qualify this, need practical training as specified to appear for the Professional exam.

Eligibility Criteria

Admission to CS Executive course through two means direct and entrance examination. The eligibility criteria for both have been given below.

For Admission Through Entrance Exam:

  • Passed Class 12 in any discipline except Fine Arts

  • Graduates and postgraduates also eligible

  • Qualified in Company Secretary Executive Entrance Test (CSEET) of ICSI or

  • Passed the CS Foundation exam

For Direct Admission:

  • Passed CS Foundation or

  • Passed ICAI Final or

  • Passed ICMAI Final

Company Secretary Executive Registration Fees

Particulars

Fees as per course completed

CSEET

CS Foundation

CA Final

ICMAI CMA Final

Registration Fee

Rs 2,000

Rs 2,000

Rs 2,000

Rs 2,000

Education Fee

Rs 6,500

Rs 6,500

Rs 6,500

Rs 6,500

CSEET Exemption Fee

Nil

Nil

Rs 5,000

Rs 5,000

Pre-Exam Test Fee

Rs 1,000

Rs 1,000

Rs 1,000

Rs 1,000

One Day Orientation Program

Rs 600

Rs 600

Rs 600

Rs 600

Chartered Secretary Journal Subscription (Optional) for 1 Year

Rs 500

Rs 500

Rs 500

Rs 500

Total Fees

Rs 10,600

Rs 10,600

Rs 15,600

Rs 15,600

2. CS Professional Programme

Candidates who have cleared the CS Executive programme can apply for the CS Professional course.

Company Secretary Professional Registration Fees

Education Fee

Rs 12,000

Pre-Exam Test Fee

Rs 1,000

Total Fees

Rs 13,000

These are some of the commerce courses that come at a relatively low cost and are all over by public institutions or organisations. Despite being less known, these courses typically offer good jobs on completion. Some of the job roles which students get after these courses are Internal Auditing, Tax Auditing, Forensic Auditing, Career in, Accounting and Finance, Taxation Advisory (Both Direct and Indirect), Statutory Audit under applicable statutes, Managing Treasury function, etc.

Articles

Upcoming Finance Exams

Application Date:14 November,2023 - 14 May,2024

Application Date:19 March,2024 - 20 April,2024

CMA Intermediate

Late Fee Application Date:17 April,2024 - 17 April,2024

CMA Final

Late Fee Application Date:17 April,2024 - 17 April,2024

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QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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