Posts

Showing posts from March, 2022

How far CFA designation can take you in India

Image
Finance is an ocean where professionals of all stripes of credentials swim. For a long time, MBA was the only hope and one-stop choice designation for finance professionals in India to get into global companies that promised a better career edge and deserving salary packages. But that veneration is slowly losing its sizzle with the rise of new professional and global certifications like   CFA . Chartered Financial Analyst (CFA) charter as a global credential is different in many respects, unlike other competing degrees.  Let’s look at the CFA syllabus for a start. The intensive and upcoming curriculum gave finance grads a fresh outlook on the working of finance, particularly for students who aspired to build careers in investment fields. The focused and futuristic investment tools and techniques introduced by the complex and rigorous CFA syllabus placed a premium on the designation as it was widely demanded in top finance corporates and institutions. The Global Recession of 20...

Why should you pursue US CMA while doing your B.Com?

Image
US CMA is one of the most respected management accounting certifications across the globe and has very high credibility. Conducted by the Institute of Management Accountants (IMA), US CMA ( Certified Management Accountant ) is a very in-demand designation, especially among the MNCs, and gives you an edge over other non-certified accountants.  So is pursuing US CMA along with B.Com a good idea? Definitely yes. According to one of the surveys conducted by Times of India, if you are able to complete CMA along with B.Com, you would be able to earn at least 33.33% more than another non-certified accountant. Also, the passing rate of US CMA is quite high at more than 60% annually. While the salary is a good reason to take up CMA along with B.Com, another beneficial reason for why you should pursue CMA along with B.Com is CMA covers most of the syllabus of B.Com of any university. Now, these help you prepare for your CMA solely without worrying much about your B.Com as CMA covers most of...

US CPA - All you need to know about the course

Image
The accounting and finance field is a lot wider than we know. There are multiple certifications out there that can change your life, boost your career growth, and give you global as well as multiple growth opportunities. One such certification course is the US CPA.   US CPA   (Certified Public Accounting) is the highest level of accounting qualification in the US and the exams are conducted by AICPA ( American Institute of Certified Public Accountants). It is one of the most recognized and reputed accounting certificates throughout the world and has good credibility. US CPAs are in demand across the globe especially in the MNCs from the US as CPAs are well aware of US accounting standards and hiring a CPA is much easier for organizations as it saves their training time and money.  US CPA covers all the important aspects of accounting with its 4 subjects:  Financial Accounting & Reporting (FAR) Auditing & Attestation (AUD) Regulation (REG) Business Environment...

Ethics: The bottomline for CFA Career Success

Image
Meeting high ethical standards is one of the key requirements while pursuing a global finance designation called CFA. Though CFA is one of the global standard credentials in the investment world, clients place ethical standards as a top priority while getting  financial services. Moreover, there is an exclusive section dedicated to ethics in the CFA syllabus. A major reason behind the inclusion of ethical standards is to weave ethical behavior into CFA charter holders' ability to conduct financial analysis in an unbiased manner, especially in a capital market.  The ethical and professional standard part is one of the challenging sections in the CFA exam as they are more subjective and opinion-driven questions rather than quantifiable ones. Candidates with deeper knowledge of ethics are only capable of solving the ethics section, and this is one of the reasons why the  best CFA institutes in India  spare maximum time in imparting the best methods and approaches to CFA...

Successfully transforming Employee Relations With People Analytics

Image
  Why people analytics is so Important Today HRM started as a mere support system and now it has grown into a technology, after knowing how HR management helps in increasing the production of the organization. The function now contributes to a lot of other factors in an organization; it has to prove the relevance to the organization and monitor real-time RoI. There are two reasons to support it , the HRs are just backing the decision with the existing data, or even after accessing the people data, they are not able to derive insights due to a lack of skills. How can people analytics make you future-ready? Through People analytics you - Appreciate the transformative capabilities of digital HR technologies Develop the ability to articulate RoI of HR investments on business strategy to decision-makers Learn processes to treat data as an asset. Develop an analytical capability to measure, report & predict workplace trends. Selective Hiring with People analytics Selective hiring i...

The Scope of FRM in India

Image
Risk is one of the most important factors in the business. By taking risks, an opportunity can be created or a path to downfall. Risks depend on the sector of business. For e.g, if your bank or business decides to take a risk by giving a loan of let’s say 150 crores, you will, before giving a loan to that company, would find out about its history and find out that would that company be able to pay back the principal amount along with the interest. If so, you can give them a loan. This is what a   Financial Risk Manager   a.k.a. FRM, does. Financial Risk Manager is one of the most reputed and high credibility certifications in the risk management field which is given by GARP, Global Association of  Risk Professionals. FRM is the only course that gives in-depth knowledge about the associated risks with the business and how can risk decisions be taken. The demand for a Financial Risk Manager is very high in many industries as there is a need for risk identification, evaluati...

What is Accounting Ethics?

Image
Accountants have access to the financial information of the company or the individual which can be used in the wrong way. With such power and responsibilities, there also comes a possibility of abusing that information and manipulating it and thus, there comes accounting ethics.   Accounting Ethics   is a set of ethical rules and regulations that are made by the governing bodies that every person who is related to the accounting field must adhere to. Accounting ethics is a very crucial part to maintain the dignity of the accountant as well as the company and individuals.  Prevents the misuse of information There are various standards and rules are set by the administering bodies that oversee the activity of the individual related to the accounting. This forestalls the abuse of the data access of the client with the accountant, auditor, or some other  accounting  individual. Punishment for breaching the ethics In the event that the individual doesn't follow it, t...

Gig Economy makes your CPA career FUN and REWARDING

Image
The Gig Economy sees a rise as it promises Flexibility, Fun, and Rewarding opportunities to accounting professionals across the globe. With disruptive technologies becoming no more an enemy of the accounting profession, many global professionals like US CPA/CMAs find the Gig Economy as a more suitable and convincing option to expand their earning and experience brackets. Sometimes, we need to admit that perils do bring us opportunities and it’s true!! Yes, the new normal enabled   accounting professionals   to leverage technology to explore new networking platforms to gain additional career opportunities and flavor professional status and profile. As the Global Gig Economy is expected to grow by over $455 Billion by 2030, US CPA/CMAs with extensive accounting skills under their belts, start a side hustle today by taking a dive into the Gig Economy! Online Tutoring Students stepping out of college or university and aspiring to build a career in finance need strong guidance and ...