Finance and Accounting professions are growing fast on career graphs, says Dr Narendra Shyamsukha
In today’s complex business world with financial uncertainties and compliance, accountants play a key role in shaping the right focus for business profitability and growth. According to statistics, there is 100 per cent industry demand as all organisations need accounts and finance professionals. There is a tremendous job opportunity in this field approximately two lakh plus per year till 2020.
Commerce as a subject always had job potential in Accounts, Taxation, Management, Trading, Finance etc. These are highly practice-oriented courses that make a job-ready accountant, always in demand in any industry. The finance and accounting profession is developing as a fast growing profession.
Certified Industrial Accountants
The Certified Industrial Accountants (CIA) programme trains a student for a career at entry level to middle management level career in Accounts and Finance. He can be expected to be placed as Accounts Executive, Finance Executive, Assistant Manager, MIS Executive, Payroll Manager, Accounts Manager, Audit Assistant, Tax Return Preparer, Senior Accounts Executive, Senior Finance Executive, Senior Accountant, Manager —Accounts and Finance, Financial Analyst, Senior Executives (in Knowledge process outsourcing and a multinational corporation) and Commercial Manager.
The duration of the programme is 12-18 months. It covers basic IT skills like Windows, MS Office, Internet Operations, Basics of Accounting, Tally, Soft Skills, Income Tax, Service Tax, VAT, TDS etc including E-filing of Tax Returns, SAP (user-end training), Company law related matters (including MCA) IFRS, Financial Management and Income Tax Planning.
Mandatory offerings to the above mentioned flagship programme include Practicing Journal Entry Test (JET), lIVE projects and E-filing of various returns.
After the successful completion of the programme, each student is entitled to get three certifications — SAP (user level) and Microsoft (MOS Excel 2013). Apart from CIA and CIA+, there are some new age courses. These include Certificate in International Accounting, Certificate in MIS Analytics, and Certificate in Payroll Management.
Certificate in International Accounting can be done by a BCom graduate with 50 per cent marks. Selection for this course is based on an assessment test. The duration of the course is four months. The course module for this includes Basic and Advanced Excel, Accounting for Business, Taxation, QuickBooks, SAGE Peachtree, Tally ERP 9, Advanced Accounts, and Orientation on Corporate Skills. The initial salary package on completing this course module would be around Rs15,000 to Rs16,000 per month.
Certificate in MIS Analytics trains student in Data Management and Presentation Skill. It’s a three-month course where the student learns to clean, summarise, analyse and present business data to stakeholders for decision making. Graduates with 50 per cent marks are eligible to apply for the course. Candidates are shortlisted based on an entrance exam. Students are trained on Basic and Advanced MS Excel 2013 with Dashboard, VBA Programming using MS Excel, MS Access 2013, SQl (Structured Query language) using SQl Server. The initial salary package on completing this course module would be around Rs15,000 to Rs18,000 per month.
Certificate in Payroll Management can be done by a BCom graduate. The minimum percentage of marks required to apply for this course is 50. Selection is based on an Assessment Test. The duration of the course is three-month. Course Module includes Basic and Advanced Excel, Payroll Management, Payroll Processing (using software), and Orientation on Corporate Skills. The initial salary package on completing this course module would be around Rs13,000 to Rs16,000 per month.
The writer is founder chairman, ICA Edu Skills Pvt ltd