With more and more demand of competent professionals in the finance sector, India has seen a huge surge in the number of Chartered Accountants in the past decade, allowing several students to choose it as a suitable career option. In order to understand how a general degree like Bachelor’s in Commerce[B.Com]can shape an individual as an able Chartered Accountant, we need to dive deep into the intricacies of both the general as well as the professional course. We are going to take the example of SAI International College of Commerce (SICC), one of the leading commerce colleges in Odisha, to analyse our decisions.
Here are some of the information which would help you attain more clarity while choosing B. Comas a career option:
1. Bachelor’s in commerce and its scope: Bachelor’s in Commerce is one of the most opted general degrees in our country. Its curriculum is both theoretical and practical in nature, with subjects like Accounting and Finance, Economics, and Tax and Audit designed by every commerce colleges in India. The diverse course structure ensures holistic as well as practical development of a candidate, making them corporate ready in the near future. 2. Pursuing CA along with B. Com or after its completion: Although a B. Com degree is not compulsory in order to pursue CA, as misinterpreted by many, it does give you an edge if you do so. Since there are a lot of subjects which is common in both the syllabi, you can opt to pursue CA while studying B. Com, although it is a daunting task and requires dedication and hard work. However, the 3-year long articleship as per the ICAI rules, should ideally be carried out after completing B. Com as it requires regular office work. 3. Advantages of having a B. Com degree along with CA: A CA degree not only instils a position of authority but also allows you to become a certified auditor. It is an advanced professional course mostly dealing with the financial topics and its understandings. B. Com, essentially, is a steppingstone to a CA course as it contains similar subjects but on an intermediate level.
4. How the syllabus of B. Com and CA converge: Primarily, topics like Business Statistics, Financial Accounting, Business Mathematics, Business Law, Auditing, Economics, Income Tax Laws, Financial Management, are some of the common topics between B. Com and CA. The only catch to this is it is far more advanced in case of a CA curriculum.
5. How a B. Com degree paves the way for a potential Chartered Accountant: To conclude, colleges in India provide in-depth knowledge of the financial markets and how it operates along with other technical know-how, which, as mentioned earlier acts as a guidance or a stepping stone to potential Chartered Accountants. To understand the chronology, it provides elementary education which paves the way for an advanced understanding while pursuing a CA degree.
To conclude, SICC is one of the leading commerce colleges in Odisha, which thoroughly implements a strong understanding of Finance and its application through its diverse curriculum and industry-ready infrastructure which later on acts as a catalyst for potential Chartered Accountants.