Many students believe that a Bachelor of Commerce (B.Com) degree is one of the required prerequisites for the CA programme. So, to put your mind at ease, the answer is no. If you apply through the Foundation Route, you do not need a B.Com degree to become a CA. However, if you apply for the programme through the Direct Entry option, you must have at least an undergraduate degree.
First and first, if you were unaware of this rule, let us notify you that you can do both a CA and a B.Com if you are eligible for both programmes independently. Second, whether or not pursuing both programmes at the same time is a better alternative is entirely up to you. Many students recommend that one should seek CA in addition to B.Com, but this is not a simple process.
Is B.com necessary for CS?
Candidates who seek lucrative jobs within the corporate world can get an excellent start after pursuing the Company Secretary (C.S.) course. This is the foremost popular career choice amongst commerce students. However, students of all fields can apply for the CS course. The CS course is offered by the Institute of Company Secretaries of India (ICSI). It’s an online course that was started to regulate the profession of a CS. With the proper mixture of academic programmes and practical training, the programme exposes great opportunities within the corporate sector.
There is absolutely no problem if you would like to try to pursue CS right after the 12th without doing B.Com. It’s a three-step program after the 12th – Foundation Programme (CSEET), Executive or the intermediate Programme, and Professional Programme. You’ll join the foundation program right after clearing the 12th board. It’s an eight months program and you would like to clear it within 3 years of your admission within the program. Once you pass out the foundation level and your age isn’t more than 17 years, you’ll proceed to the intermediate level. This will be done immediately after graduation and this is often why many would like to hitch the CS program after B.Com.
Is B.com necessary for CA?
The scholars who had cleared their plus two examination can choose the foundation level test conducted by the ICAI. Chartered Accountants are considered one among the very best paying career professionals in India. Chartered Accountancy may be a good career option if you’re curious about subjects like taxation and accounting.
Although the topics covered in the first and second years of the B.Com curriculum are nearly identical to those covered in the CA Foundation course, the difficulty level of the CA courses is significantly greater. However, if you are a devoted and hardworking student, managing both classes should not be a problem.
Therefore, the final program is more specialized to allow you to choose between the varieties of subjects. There are short-term training that you simply got to undergo at the intermediate level and after the final level. Practical training after completing the professional level examination is extremely essential because it facilitates in getting an Associate Membership of ICSI. You can do that training in companies that are sponsored by ICSI (Institute Of Company Secretaries Of India) or under the guidance of a practicing company secretary. The completion of the professional level and therefore the final training will get you admitted into the institute as an Associate Company Secretary, after which you’ll search for jobs.
The CA final course covers the advanced knowledge of monetary reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing.
People generally do B.Com. to procure a graduation degree at least, until their CA gets completed, which is recognized as a post-graduate degree by certain universities of India.
The ICAI has made it compulsory to fill a form to provide details regarding the timings of the office or the timings of the college. To conclude, it’s reiterated that pursuing B.Com. is not any pre-requisite to do CA. CA itself is such a prestigious course that nothing else is required with it. So, obviously doing CA without B.com remains worthwhile because becoming a CA may be a long process and also very difficult, so most of the aspirants leave it halfway or switch to something else, many even drop it after giving numerous attempts.
However, you must ensure that you are not enrolled in a regular graduate programme while completing your 3-year articleship, as per ICAI standards. The article-ship schedule would be incompatible with a typical degree programme. The advantage of pursuing CA together with B.Com is that you will likely do well in B.Com because you will be acquiring a much more sophisticated study of the subject.
So, while you’re choosing a programme, keep the above-mentioned considerations in mind. It is entirely up to you whether you pursue CA after B.Com, or CS. Analyze all of the outcomes, consider all of the factors that influence your decision, and then decide what your next action will be.