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Commerce Program (CA | CS )
Chartered Accountants (CA) plays a key leadership role in a company. CAs are responsible for setting a companyás accounting information infrastructure that supports strategic planning initiatives as well as tactical operations. They are the trusted partners of the leadership in the C suite (CEO, COO, CFO, CTO, CIO, etc.), without whose direct input virtually no strategic decisions are made. Most often CAs join the C suit as Chief Financial Officers (CFO) of the company. The following are typical responsibilities of CAs:
❖ Manage resource planning and budgeting functions
❖ Manage accounting, budgeting and financial systems
❖ Conduct financial analysis and long range planning
❖ Prepare financial management reports
❖ Provide financial information and advice
❖ Conduct organizationás financial risk assessment
❖ Conduct financial audits and prepare audit reports
❖ Conduct internal systems audits and prepare recommendations
❖ Conduct tax planning and lead tax preparation process
❖ Represent an organization to the government to resolve tax and financial issues
❖ Prepare, maintain, and manage accounting records
❖ Consult clients on mergers and acquisitions
❖ Consult clients on areas of business improvements, insolvency, prevention of fraud, etc.
❖ Mentor budding CAs by supporting their article-ship training
Marketplace Requirements:
According to the Institute of Chartered Accountants of India (ICAI) 30 lac CAs are needed to satisfy current Indian economic activity. There are only 2.5 lac trained CAs, therefore, creating a wealth of opportunity for students.
Salary Expectations:
"Chartered accountants (CAs) were offered an average salary of around Rs 7.36 lakh a year in the latest campus placement programme conducted by the Institute of Chartered Accountants of India (ICAI), with the highest pay reaching Rs 24.64 lakhs." thehindubusinessline.com
Important Definitions:
❖ CA: Chartered Accountant
❖ ICAI: Institute of Chartered Accountants of India, the authority that issues CA certifications.
❖ Commerce Wizard: National Commerce Talent Search Examination
❖ CPT: Common Proficiency Test (Entrance Examination for CA Foundation Course)
❖ CS: Company Secretary
❖ ICSI: institute of company secretaries of India
❖ BCOMAF: Bachelor of Commerce with Major in Accountancy and Finance
❖ IGNOU: Indira Gandhi National Open University
❖ NCFM: National Stock Exchange Academy Certification for Financial Market
Rahmani30 CA Program | Progress Path:
❖ Admission will be taken via the yearly Rahmani Program of Excellence Entrance Exam
❖ Students will be coached and prepared for 10+2 commerce stream
❖ Students will be coached to appear in the ICAI common proficiency test (CPT)
❖ Students will be enrolled in the CA program with ICAI
❖ After 12th level, students will suggested to enroll in (BCOMAF) with (IGNOU)
❖ Students will be encouraged to take several courses for personal development
❖ Students will be encouraged take several courses to better comprehend the marketplace such as
the Certification for Financial Market (NCFM) by the Stock Exchange of India.
Rahmani30 CA Program | Results:
❖ NCFM Foundation Certification 2017: 100% of the students that chose to take the test.
❖ Commerce Wizard 2018: 83% of Rahmani30 students successfully competed for this test.
❖ CPT: an astonishing 60% of our first batch of students were successful at this exam.
