The MS CA ACADEMY was started to lure Muslim youths towards this lucrative profession of Chartered Accountancy. This is another area where Muslims have been lagging behind primarily due to lack of knowledge about the course. Every parent has a pre-conceived notion that their sons and daughters should pursue “BE” (Engineering) or “MBBS”( Medicine) without realizing that there is no money or glamour left for an ordinary doctor or engineer. Lakhs pass-out as engineers from thousands of colleges and the irony is that only a negligible percentage get absorbed in good companies. Others have to settle for alternative professions.
It should be noted that CA-CPT is a course which helps one to become a Chartered Accountant. It is one of the most sought after courses across the world with many lucrative benefits and a luxurious future. MS has taken the initiative of not only creating awareness but is also offering this course for a few years now.
One of the most sought after professional courses for Commerce students is Chartered Accou untancy,Chartered Accountants are in great demand in the current rapid growing Indian economy, thanks to the growing corporate sector.
In any organization, Chartered Accountants occupy high and respectable posts. All companies, big or small have to be audited by a CA who prepares documents like the Balance Sheet and Profit & Loss Account, and only then are they accepted by various government departments. CA is responsible for handling accounts and finance related matters, deal with money management, prepare, analyze and audit accounts along with providing financial advice.It is one of the backbones of the financial regulatory system of the country.
MS has pledged to help out these deserving candidates in every way possible to realize their dream. Let us strive together for the upliftment of the Muslim Community.
In the period of recession CA profession which is free from the vagaries of the economy. I It is a recession proof profession.. Infact you do not even need to find a job as after qualifying as a CA; you can start working independently and start your own firm. With the competence gained in Intership one can steadily gain clients and establish himself soon enough.
There is never any dearth of work for CA’s as jobs are practicall ly guaranteed on completion of the Chartered Accountancy course
The work of a CA will be very interesting to students of commerce as they d deal with accounts and finance. The work would entail the following – Financial Accounting: The most basic of these is preparing the accounts of a company, private or government owned. This will include all kinds of financial statements, from the Balance Sheet to the Profit and Loss Account. Auditing: Chartered Accounts examine and verify the books of accounts and other necessary documents of their employers or clients. On satisfaction, they issue a certificate about the company’s financial state. Auditing can be further classified into the following sub-categories:
Certification and audit Cost Consulting CAs can also diversify and take up cost consultancy. Making use of their skills they can help big enterprises make viable budgets for particular operations so as to minimize costs. Taxation: If auditing and accounting put you to sleep, a Chartered Accountancy course can still be of use as you can take up tax related issues as your main work. This would include filing tax returns, doling tax advice and minimization of various taxes through legal means. Legal Matters: CAs also have a big role to play in legal matters of financial contracts, estate planning as well as during insolvency and liquidation of companies. Management Consulting: This is slightly different from the main auditing as it involves analyzing the financial information of different departments within an organisation to assess past performance and determine the present. Planning and Management: Unlike regular management jobs, planning and management for CAs mean mostly financial management.
The Chartered accountancy program is a two year course. It has three stages–Foundation, Intermediate and Final. To clear each one of them, a student has to take the following exams – Common Proficiency Test (CPT), Integrated Professional Competence Course (IPCC) and the Professional Competency Examination, or the Final examination. Common Proficiency Test (CPT) Common Proficiency Test (CPT) is an entry level test for the CA course. Eligibility Students who have passed their 10 + 2 can enroll for the Common Proficiency Test (CPT). Registrations for CPT are open all year round. The exam is conducted twice a year in May and November. Students have to ensure that they register at least 10 months before the examination. Test Pattern and Subjects It tests students on four subjects Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is of 200 marks. This test is divided into two sessions of two hours each with a break in between. CPT is an objective type test with negative marking.