Which is the best course after 12th commerce

Nowadays, studying Commerce is in high demand among students. Students who opt for Commerce in 12th grade can explore several exciting courses. Upon completing their secondary education, Commerce students can choose from diverse career options to pursue their desired profession.

However, commerce students look for the best courses available after their Class 12th board results are released. After completing a Commerce degree, students will have access to various opportunities in finance, taxation, accounting, human resources, auditing, and law.

Although numerous courses are available after the 12th grade in the Commerce stream, nothing beats the king course of the Commerce background, Chartered Accountancy (CA). CA is considered one of the most prestigious and challenging courses in the Commerce field.

Chartered Accountancy (CA) is India's most popular commerce course, preparing students to manage finance, accounting, and taxation for an organisation or any business entity.

Furthermore, when we talk about CA, many questions arise in aspirants' minds, such as how many years for CA after 12th or how many exams are there in CA. As a result, this article will guide you through all the essential information regarding Chartered Accountancy (CA) in India.

Course Option after 12th Commerce

• Course Options

1. Chartered Accountancy

2. Bachelor of Commerce (BCom)

3. Bachelor of Economics (BE)

4. Bachelor of Accounting and Finance (BAF)

5. Bachelor of Commerce in Banking and Insurance (BBI)

6. Bachelor of Commerce in Financial Market (BFM)

7. Bachelor of Business Administration (BBA)

8. Bachelor of Business Administration – International Business (BBA-IB)

9. Bachelor of Business Administration – Computer Application (BBA-CA)

10. Industry Oriented Integrated Courses

11. Company Secretary (CS)

12. Cost and Management Accountant

13. Journalism and Mass Communication

14. B.Com Marketing

15. B.Com Tourism & Travel Management

16. BA in Humanities & Social Sciences

Best Course after 12th Commerce

Accounting and finance careers are becoming increasingly popular as the economy grows. However, the most prestigious and influential career path in this field is that of a Chartered Accountant (CA).

Being the country's most reputable business and finance experts, CAs have a reputation for the highest levels of integrity and professionalism.

Furthermore, a regulatory body has granted a professional accountant degree chartered status. As a result, Chartered Accountants (CA) are entrusted with providing clients with financial and business advice.

They work in many different fields, including public accounting, corporate accounting, and government accounting. ATheymay also works in financial services such as investment banking and insurance.

Moreover, CA is India's most popular commerce course, preparing students to manage finance, accounting, and taxation for an organisation or any business entity.

Ways of Becoming CA in India

There are two ways to become a CA in India.

• The first is through the foundation route, which you can apply for after completing 12th grade. An aspirant who wishes to become a CA in India after 12th grade must register with the ICAI Board of Studies (BoS) and complete a four-month study period before sitting for the CA Foundation exams in the following session.

After passing the CA Foundation exam, the next step is to pass the CA Intermediate exam, qualifying you for the final round of your CA exams.

• The second approach to becoming a CA in India is the Direct Entry route, where candidates are exempted from appearing for the CA Foundation exams. To become a CA in India through this route, candidates must clear only two exams - the CA Intermediate and A Final exams.

• The following candidates are eligible for the Direct entry route

1. Graduated or post-graduated from the commerce stream with a minimum of 55% marks.

2. Graduated or post-graduated from other streams with a minimum of 60% marks.

3. Candidates who have passed the MA Intermediate conducted by the Institute of Cost Accountants of India (ICMAI)

4. Candidates who have passed the CS Executive conducted by the Institute of Company Secretaries of India (ICSI)

Overview of CA Foundation

The CA Foundation Course is the first stage in becoming a Chartered Accountant (CA). Firstly, you will learn the fundamentals of accounting, business law, mathematics, and economics at this level.

Secondly, the Institute of Chartered Accountants of India (ICAI) administers the CA Foundation exams twice yearly, in May and November.

Moreover, students who have appeared or are appearing in class 12th can register for the CA Foundation course based on the eligibility criteria. Once registered, you will have four months to study the syllabus. Additionally, the entire ICAI CA Foundation syllabus is broken down into four papers:

Paper 1: Accounting Principles and Practice

Paper 2: Business Laws, Business Correspondence, and Business Reporting

Paper 3: Business Mathematics, Logical Reasoning, and Statistics

Paper 4: Business Economics and Business and Commercial Knowledge

Exam Pattern

According to the CA Foundation exam pattern 2023, the exam consists of four papers, each worth 100 points. The first two papers are subjective, whereas the last two are objective. Papers 3 and 4 have negative markings as well. As a result, 1/4 will be deducted for each incorrect answer.

1. Principles And Practice Of Accounting

2. Business Laws And Business Correspondence

3. Business Mathematics, Logical Reasoning, and Statistics

4. Business Economics And Business & Commercial Knowledge

Overview of CA Intermediate

CA Intermediate, or CA Inter, is the second level of the Chartered Accountancy exams. It is a crucial milestone in the CA journey and a gateway to the final grade.

After clearing CA Foundation, students become eligible to register for the ICAI CA Intermediate course, a comprehensive program designed to equip them with the necessary skills and knowledge to overcome the challenges of the Chartered Accountancy profession.

The Intermediate stage is the initial step in preparation for the CA course, which offers students extensive knowledge of Finance and Accounting.

However, the Course is divided into two groups of four subjects covering a wide range of topics, including Advanced Accounting, Auditing, Corporate and other Laws, Taxation, and more. Students successfully completing the CA Inter level demonstrate their commitment and dedication to becoming a Chartered Accountant.

Exam Pattern

The offline-based CA Intermediate exam pattern consists of eight papers, which are further divided into two groups. The total number of marks awarded for the CA inter exam is 800 (100 marks for each piece). Candidates can use the following information to plan their CA inter-exam preparation.

Overview of CA Finals

The CA Final is the ultimate stage in the Chartered Accountancy course that paves the way for a new beginning—individuals who have cleared the CA Intermediate level can appear for the CA Final.

However, after completing the CA Intermediate, one must complete three years of articleship training with a registered cr chartered accountant firm.

They will be paid a stipend during this time, providing valuable practical field experience. Only during the last six months of the articleship period is it possible to register for the Chartered Accountant final examination.

Therefore, planning and managing your articleship period is crucial to ensure that you can take the CA Final exam at the earliest opportunity. To obtain the CA final books, you must register for the CA Final course after passing the CA Inter exam, which will provide you with the necessary knowledge and skills to succeed in the final exam.

Exam Pattern

Groups P apers Marks per paper Total marks Group IPaper-1: Financial Reporting100400Paper-2: Strategic Financial Management100Paper-3: Advanced Auditing and Professional Ethics100Paper-4: Corporate and Economic Laws100Group IIPaper-5: Strategic Cost Management and Performance Evaluation100400

• Paper-6A: Risk Management

• Paper-6B: Financial Services and Capital Markets

• Paper-6C: International Taxation

• Paper-6D: Economic Laws

• Paper-6E: Global Financial Reporting Standards

• Paper-6F: Multidisciplinary Case Study

100Paper-7: Direct Tax Laws and International Taxation100Paper-8: Indirect Tax Laws100

Conclusion

For students with a commerce background, CA is often the first choice. However, many aspirants have a common question about the duration of the CA course after the 12th. It takes approximately 4.5 years to become a CA in India.

Frequently Asked Questions (FAQ)

Q.1. What are the benefits of studying commerce?

Ans: Studying commerce offers numerous advantages, such as gaining business knowledge and skills, developing an understanding of economic principles, and learning how to manage finances. Additionally, commerce students may have the opportunity to study abroad, which provides them with international experience and perspective.

Q.2. Can Commerce students do IT jobs?

Ans: A commerce student can work in information technology but may need additional training.

Q.3. What are the jobs after 12th Commerce?

Ans: After completing 12th in commerce, there are numerous job opportunities available such as accountants, bookkeepers, financial analysts, auditing clerks, budget analysts, and many more.

Q.4. Can a science background student change their college major to commerce?

Ans: Students with a science background can easily enroll in college commerce courses. They may have to work harder to learn commerce subjects such as accounting, economics, business studies, etc.

Q.5. Which degree is best for CA after the 12th?

Ans: Enrolling in a Bachelor of Commerce (B.Com) program would be the best option if you aspire to pursue a career as a Chartered Accountant (CA) after completing 12th.

This is because B.Com is a popular degree course that covers subjects such as accounting, economics, business management, and financial management, which are all relevant to the field of CA.

You can also opt for Bachelor of Business Administration (BBA) or Bachelor of Accounting and Finance (BAF) courses. These specialized programs cover subjects directly related to accounting and finance.