Courses available after ca

Dear Reema,

1) Business Valuation Management

 
      Introduction     
      

In the wake of financial crisis and recession, and the current pick-up of M&A activity it is clear than ever that high-quality business valuation is essential for successful M&A. The program is firmly rooted in theory while also addressing practical applications. This course, would therefore, equip members and other financial accounting professionals with the necessary knowledge and practical exposure in this direction.
    
            
      Course Objective     
      

The objective of this course is to provide the candidates with a thorough knowledge of the following areas and to equip members with the specialized skills necessary for developing a dedicated practice in the area of services related to Business Valuation Management. The subject already exists in the present curriculum of the Institute of Cost & Works Accountants of India at the Final Stage; hence this course would provide value addition by giving in-depth knowledge and practical implication of the subject. In addition to undisputed technical competence the practitioners should have authority and influence with boards and shareholders. Those who complete the program would possess:

    A thorough knowledge of valuation theory, including the most recent academic research, and the ability to apply this knowledge in practice
    The ability to address valuation issues relevant in practice but not covered in textbooks
    The ability to individually practice valuations and add value to decisions at each phase of transaction
    The ability to present and defend valuations to boards, in negotiations and in other context

    
      Target audience:

    Associate Members of the ICWAI
    Officers of PSUs & Govt. (Central & State) working in finance function (Subject to the approval from the respective departments)

    
            
      Course Outline     
      Paper I     
      Introduction to concept of Business Valuation and the overview of the models     
      

    Concept of Value
    Principles & Techniques of Valuation
    Discounted Cash Flow Valuation
    Relative Valuation
    Contingent Claim Valuation
    Asset Valuation
    Related Concepts in Business Valuation and illustrations

    
      Paper II     
      Business Strategy and Mergers & Acquisitions     
      

    Business Strategy
    Basic Concepts in Mergers and Acquisitions
    Theories of Mergers and Acquisitions
    Valuation of Mergers and Acquisitions
    The Merger process
    Major Challenges to Success of Mergers
    Restructuring and Financial Engineering
    Take-over Defenses

    
      Paper III     
      Valuation of various assets

    Forms of Intellectual Property and Methods of Valuation
    Valuation of Fixed Assets
    Valuation of Investments
    Valuation of Shares
    Valuation of Intangibles
    Human Resource Accounting
    Valuation of Goodwill Patents and Copyrights
    Valuation of Brands
    Valuation of Real Estate
    Valuation of Liabilities

    
      Paper IV     
      Business Appraisal Standards

    Professional conduct and Ethics
    Oral Appraisal Reports
    Expert Testimony
    Letter form written appraisal reports
    Conducting a Business Appraisal Assignment

    
            
      Paper V     
      Case Studies

 2) Foreign Exchange, Treasury

and

Risk Management

 
Introduction     
      Managing foreign exchange risk is a fundamental component in the safe and sound management of all institutions that have exposure in foreign currencies. It involves prudently managing foreign currency positions, in order to control, within set parameters the impact of foreign exchange rates on the financial position of the institution. Generally, a companies’ Board of Directors needs to have a means of ensuring compliance with the foreign exchange risk management program, this is done normally through periodic reporting by inspectors/auditors. These risk management practices are widely used in public and private sectors, covering a wide range of activities or operations. It is now an integral part of business planning.     
      Course Objective     
      

The course covers foreign exchange market, money market, bond market operations and related financial products. It therefore analyses the international finance environment within which banks, other intermediaries and companies operate. It also provides an overview of structure and key functions of the treasury. The emphasis is on developing skill sets which would be required for making sound financial decisions in an international context. The course endeavors to cover briefly the concepts and benefits of using risk management practices particularly in foreign exchange and treasury management.
    
      Target audience:

    Associate Members
    Officers of PSUs & Govt. (Central & State) working in finance function (Subject to the approval from the respective departments)

    
  Course Outline     
      Module 1

    International Financial Management
    Determination of Exchange rates
    Introduction to Currency Derivatives
    Forex Arithmetic
    Merchant Rates
    International Finance Arbitrage
    Introduction to Currency Derivatives
    Forex Risk Management
    Internal Hedging techniques
    Valuation of Derivative instruments and arbitrage strategies

    
      Module 2

    Export Finance
    Import regulations
    R-return and Documentary credit
    Forex rate forecasting
    Foreign Direct Investment and Joint ventures

    
      Module 3

    Money Market, Bond Market
    Treasury Management
    Interbank dealing and risk management
    Ethics and Compliance

    
      Case studies

    Asian Financial Crises 1997
    Treasury operations in SBI, BOI, BOB, PNB and ICICI bank
    Treasury operations in IOCL, Ranbaxy and RIL

3) DISA( ICAI)

Contact :
      

 

Dr. Alok Pandey (Director Advanced Studies)

Email : advstudies.alok @ icwai.org

 

Shri. Pradipta Ganguly (Dy. Director Advanced Studies)

Email : advstudies.ganguly @ icwai.org

 

Ms. Kimi Thareja (Asst. Director Advanced Studies)

Email : advstudies.kimi @ icwai.org

 

Department of Advanced Studies

The Institute of Cost and Works Accountants of India

ICWAI Bhawan, 3 ,Institutional Area Lodhi Road ,New Delhi - 110003

Tel : 011-24622159 (D) ,  011-24622156/57/58  Ext : 109, 140

Fax :  011-43583642, 24622156, 24618645

Regards,

RAJESH CHOUDHARY

 
 

It all depends on the specific field in which you wish to specialise.

Broadly speaking are two options available either you can go for various certifications like certification in valuation or certification in IFRS for which you dont have to invest much time and secondly you can opt for any other qualifications like CIMA or CWA or CFA for which you will have to invest more time.

If you are thinking of starting your own practise in future then Go for certification course on valuation by ICAI. The classes for it are held on sundays and some of the saturdays. Certified valuers will be in high demand as soon as IFRS is implemented in India.

And if you intend to excel in field of Auditing(job or practise), you can go for CISA (Certified Information System Auditors). Its a globally recognised certification and is highly valued by Big4s in India especially KPMG. Even if you intend to start your practise at anytime in future the CISA qualification will be very helpful to you as most of the Nationalised banks prefer firms in which atleast one partner is CISA or DISA certified. Similar to CISA is DISA which is provided by ICAI for its members but CISA being an internationally recognised qualification is far better option than DISA. Exam for CISA is held twice a year in june and december. Exam consists of MCQ's.

If you intend to specialise in the field of Taxation then you may go for Tax Management Course provided by ICAI for its members.

And if you want to establish yourself in field of cost management then go for CIMA, its again an internationally recognised highly valued qualification and there are exemptions in few subjects for members of ICAI.

And if you are interested in career in field of stock market analyst or equity analyst or Financial Management then opt for CFA (USA). Regards.

Hi,

There are many courses which you can pursue with CA. However the choice and decision depends upon many factors like interest, cost, duration, time devotion etc. depending upon your circumstances.

Some of them are >

CS, ICWA, CFA (US), CMA(UK). these are Long term duration with ore than 3 years.

CPA, CFP, CIA, CISA atc. are medium term duration depending upon the devotion and your level of knowledge.

Further there are many certification Programmes like, CIFRS, NCFM, CMA (US) etc.

Select the depending upon your field of interest and personal circumstances.

The combination of CA+CFA is good in case the interest is for Investment banking and Portfolio Management.

The combination of CA+CPA is good , in case interest is in Accounting and Auditing field.

The Combination of CA+CS is also good.

Also focus on the opinion below:

In today’s time ICAI membership only is not enough. To improve the chances of getting quick job after receiving ICAI membership following practical things are necessary to be considered:

1. More than basic understanding of accounting.
2. Good knowledge of ERP, Tally, SAP, IFRS, MIS working environment.
3. Understanding of working as a finance part.
4. Good and practical knowledge of Taxation.

My best wishes are always with you. Be humble and be successful.

go for mba