1. Chartered Accountancy (CA)
Chartered Accountancy (CA) is one of the most chosen professional courses by commerce stream students after 12th. It is a degree that is granted to accounting professionals across the world, except for the United States of America (USA). Certified Public Accountant (CPA) is the CA-equivalent in the USA. A CA course mostly focuses on subjects such as auditing, taxation, tax laws, corporate law, and business laws. The CA program can be broadly divided into three classifications:
- CPT (Common Proficiency Test)
- IPCC (Integrated Professional Competence Course)
- FC (Final course)
Students are expected to clear all three stages of the examination step by step to become certified CA. The overall difficulty of the course is high, hence students take multiple attempts to clear the examination. On average, a student takes 4 to 5 years to clear all three stages of the examination. On qualifying as a CA, you are eligible to work in forensic auditing, internal auditing, forensic auditing, tax auditing, a statutory audit under applicable statutes, accounting and finance, managing treasury functions, etc. NorthStar Academy pioneers the teaching methodologies that are needed to ace the CA examination in limited attempts. Its comprehensive course ensures that you are thorough with the conceptual understanding of the subject matter and hones your critical analysis to tackle every question in the examination.
2. Certified Management Accountant USA - (CMA USA)
CMA USA is one of the advanced certifications which is globally recognized in the domain of Finance and Accounting. It has a two-part examination conducted by the Institute of Management Accountants, the largest management accounting body in the world. An Indian student needs to have completed class 12 exams to be eligible to appear for CMA USA. However, one also needs to possess a graduation degree to be eligible for the CMA USA credential. This can be considered as one of the best courses after 12th commerce. NorthStar Academys CMA USA course equips you with the basics of CMA USA which lets you pass CMA USA on your first go!
3. Association of Chartered Certified Accountants (ACCA) Course
The Association of Chartered Certified Accountants is a global body, This is one of the advanced certifications where the course duration varies based on your educational qualification. For instance, a 12th-passed student has to attend a three-year certification, IPCC graduate studies for close to two years, or one year for CA graduates. To be eligible for the exam, a student must be of 18 years of age and should have secured at least 65% in Mathematics or Accounts as well as English, along with an overall aggregate of 50%. ACCA has 13 courses that can be divided into three levels knowledge, skill, and professionalism.
ACCA is one of the best courses for commerce stream students where the accredited members can work in various fields such as audit and assurance, business restructuring, business development, compliance and risk, commercial finance, consulting and advisory, corporate finance, corporate and business accounting, finance, and administration, leadership, etc NorthStar Academy is one of the premium learning partners for ACCA across the world.
4. Company Secretary
As averse to CA, the administration of the Company Secretary program falls under the purview of the Institute of Company Secretaries of India(ICSI). This course is ideal for commerce stream students who incline toward theoretical studies in law.
Students, on completion of class 12 studies, have to clear three stages of the CS exams as follows:
- Foundation Program
- Executive Program
- Professional Program
On the other hand, students who have completed their graduation are expected to clear two stages of the exam, i.e. the executive and professional programs. The course, throughout the three stages, informs the students about the legal processes and agreements of the companies.
5. CFA
A Chartered Financial Analyst(CFA) is a prestigious certification offered by the CFA Institute. The CFA-certified professionals get to work in multiple positions like Finance Analysts, Investment bankers, Portfolio Managers, Asset Managers, etc. This certification includes 3 levels of exams, i.e
- CFA level-1
- CFA level-2
- CFA level-3
CFA aspirants need to have at least a bachelor's degree in any stream to take the CFA exams. It takes an average of 36 months to pass the CFA exams. CFA exams include Multiple-Choice Questions and Essay questions.
FRM is abbreviated as Financial Risk Manager. It is a globally recognized certification that deals with Risk Management and are issued by GARP(Global Association of Risk Professionals). The exams will be conducted two times a year. Just having a bachelor's degree is all that is required for FRM eligibility. There are two parts to FRM i.e
- FRM part-1 exam
- FRM part-2 exam
For getting the final FRM certification the candidate needs to pass both parts of the exam and carry two years of relevant work experience. After all these processes you are good to become a certified FRM professional.
CMA India is abbreviated as Cost Management Accountant. It is a professional certification issued by the Institute of Cost Accountants of India(ICWAI) CMA India has a level of exams they are,
- CMA Foundation level
- CMA Intermediate level
- CMA Final level
There are 20 papers in CMA India certification. The CMA Foundation exams are open to students who have passed their 12th exams.
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