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|Jul 28, 2010 3:03 pm||Climb your way up the Financial Corporate Ladder||#|
Jayashree P K
Can sound financial management make a company grow even in times of global economic challenges? More importantly, can the right education in Finance and Accounting create a global career for a bright youngster interested to contribute to this growth?
Currently a student of Commerce considers taking up courses either in Audit / Compliance / Costing( CA/ ACS/ ICWA ) or Finance ( MBA)
The world economy is emerging from its biggest ever global recession. Organisations' approach to growth in the 2010s will be very different. Management’s mantra will be how to optimise what’s already in place, at minimum marginal cost with returns over the near term and at low risk.
Can a youngster who does not get admission in one of the premier institutions for MBA, or someone pursuing CA but has not got through the qualifying exams, still aspire for a high end career in Finance/ accounting/ management/ strategy? Better still, get a combination of all of these?
Yes, its possible. Even an undergraduate can start on this path. For those who are already employed and are looking for a career change to one of the better reputed organizations and bag a position in corporate finance department of the organization, there are courses to equip them with the requisite skills. Chartered Accountants working in companies or who are practicing too can benefit from the courses that help them hone the skills in management accounting.
Some facts about these courses:
IFRS – ACCA Diploma
The course is meant for chartered accountants from Industry and practice. The outcome of the course is to provide the understanding of international regulatory framework of financial reporting.
ACCA (Association of Chartered Certified Accountants,UK):
ACCA is increasingly rated as the leading global professional accountancy body by employers around the world as a result of its increased global network and the reputation of members in 170 countries. The global membership of ACCA now stands at 140,000, a growth of 6.5% from the 31 December 2008 figure of 131,500 members. Student numbers have increased from 366,000 to 404,000, a rise of 10.4%.
CIMA (Chartered Institute of Management Accountants, UK) :
CIMA is the world’s largest and leading professional body of management accountants with 172,000 members and students in 165 countries. They work at the heart of business. CIMA prepares people for a career in business. It teaches skills for strategic advice, managing risk and making key decisions.
CFA Institute (US):
CFA Institute is a global, not-for-profit organization comprised of the world’s largest association of investment professionals. CFA with over 100,000 members and 136 regional societies around the world, is dedicated to developing and promoting the highest educational, ethical, and professional standards in the investment industry.
CPA (Certified Public Accountants , US):
The American Institute of Certified Public Accountants (AICPA) is the highest credential of accountancy in US and is committed to member service and public interest since 1887. Only CPAs can perform the mandatory audits of all publicly traded U.S. companies.
The future of accounting is bright according to the Bureau of Labor Statistics which projects a 16% increase in job openings by the year 2016 which is reflected by increasing complexity of corporate transactions and the introduction of Sarbanes-Oxley requirements in US.
To learn more about the courses, a series of Orientation sessions are being held across Bangalore, the first of which is scheduled on 30th July at Hotel Taj Gateway, from 6 pm to 8 pm. Entry is free but by invitation only. For obtaining an invitation, kindly email me at firstname.lastname@example.org or email@example.com.
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