Part I Cost Accounting: Fill & Download for Free

About CA Course -CA course is one of the most versatile course.The services of Chartered Accountants are required by every kind organizations like Manufacturing companies, Service companies, Startups, Multinationals, Banks, NGOs, Government Departments, Public Sector Undertakings, Statutory organizations, Foreign Companies, etc. So you can work in any kind of industry.That’s not the end, you also have the option to choose the method of serving these above organizations as an employee i.e. Job, as a consultant i.e. outsourcing agency, as a professional i.e. Practitioner.And if you love to be a boss, one can also become a healthy entrepreneur i.e. Self-employment as well.So as a CA you have the choice of both (a) industry you want to work in & (b) the mode of service to serve them – this is a very rare scenario in any kind of career!Therefore, getting a decent job is not at all difficult. A Chartered Accountant doing a job can earn a minimum of INR 10 lakhs per annum and if you practice, it is like a business, so turnover depends on your skills, but INR 10 lakhs per annum is for sure.The average pay may be lower when you are a fresher, but with experience, your earnings are much higher. The rise in pay is solely dependent on your skills & experience i.e. “How beneficial you are to the organization/your client?”About CMA Course -CMA are primarily required in large production/service oriented companies, Public Sector undertakings and multinational companies.Small companies, Startups, NGOs, Government departments, etc. do not require a CMA or many times cannot afford a CMA and their role in combined to other roles. CMA has more restricted industry options when compared to CA.This is because business decisions can be taken by anyone, but having a CMA ensures that you make the best business decisions.Also, that CA’s services are a legal requirement, therefore, mandatory while CMA’s services are a business requirement, therefore optional.However, just like CA, you have all the choices of serving i.e. as an employee, as a consultant, as a professional and the best of all self-employment. Most of the CMA go for Jobs, but the number of job opportunities is restricted.The key benefit of CMA is that they can get a job in any part of the world while CA is more useful in home country only.Again getting a decent job is not difficult. CMA can get you a minimum pay of INR 10 lakhs per annum. However, this is substantially low in an early period of a career.This is because CMA is wine, the more experienced they are, higher is value.An experienced CMA beats all other allied professions in terms of knowledge and skills, that he has.A special thing about CMA is that 15-20 years down the line, they are sure to get the high-level executive and managerial positions in Multinational companies and can also make it to the Board of Directors of the large Corporates.The pay at that level is absolutely higher than any other profession. So experience is what matters in CMA, they play the most dynamic role in a company.I agree to your point that CA & CMA both are equivalent, Whether it is in terms of knowledge or skills or the course structure that enables you membership respectively. Indeed, I would like to mention that the Pass percentage in Cost Accountancy course is also quite similar to Chartered Accountancy course.However, its the role that makes a difference! Chartered Accountants are Statutory requirement while Cost Accountants are internal affair. So, while Chartered Accountants are mandatory for every business for Audit, Certifications, etc. Cost Accountants are optional.Chartered Accountants have a much wide scope than Cost Accountants. Practicing Cost Accountants are very few. Most of them prefer jobs because practicing doesn't payoff. Everything that a Chartered Accountant can do, a Cost Accountant can do that as well, except the Cost Audits as per the new Companies Act.We can blame the history for this. While Institute of Cost Accountants of India was still under development, Institute of Chartered Accountants of India were quite ahead, grabbing all the opportunities. If you go around the laws, Chartered Accountants are everywhere, while very few laws require a Cost Accountant mandatory.Businesses fear one who has the powers. Chartered Accountants do have the power to affect companies legally, while Cost Accountants cannot. If some day there is recession in Accounts & Finance world, Cost Accountants will the first to lose their job, while Chartered Accountants would be the last!Conclusion: Chartered Accountants will always have an edge over the Cost Accountants due to their statutory recognition. And not just Cost Accountants, almost every other profession in Commerce stream can face a potential threat from Chartered Accountants due to the dynamic & versatile nature of this profession.

No.What we did have was called Trulincs. This was a cute little money making scam.BOP: Trulincs TopicsYour loved ones could send you emails through the system, but it would cost you five cents a minute to read those emails or compose a response (my typing class finally paid off). On the outside, your friends could use the Trulincs app to send you email, or pay a fee to have your email forwarded to their real email account.Trulincs also enabled us to transfer money to our phone account, or spend it on an MP3 store. The music library was large… and overpriced.Trulincs was completely locked down. There was no access to anything other than the parts I just listed… and the ability to read memos from the warden, should he ever write one.

The hardest courses in an accounting major1. Advanced Financial Accounting and Reporting II – this is the most dreaded subject of accounting students. It is a continuation of the subject Advanced Financial Accounting and Reporting I. All of the topics of this subject are hard due to the ever changing amendments in the standards included in the subject matter, and the outrageously long problems that the students need to solve2. Cost Accounting and Cost Management – this course is designed to orient the students to the cost accounting and cost management framework of business. This subject is mainly related to management accounting but it takes a more in-depth look at the different costs of a business. Students are greatly confused with this subject because of the numerous methods presented in accounting for different types of costs.3. Applied Auditing (Auditing Problems) – This is a culmination of what students learned in Financial Accounting and Reporting part I and II. This subject deals with the application of audit principles, standards, techniques and procedures in evaluating an entity’s financial statements4. Managerial Accounting II – This is the second part of Management Accounting and it deals with the application of methods and concepts focusing on segment reporting, profitability analysis, and decentralization; information for decision-making purposes (short-term and long-term) and non-financial indicators such as productivity per employee or per service unit; decision making affecting short-run operations of the company;5. Financial Accounting and Reporting II – This subject is a continuation of Financial Accounting and Reporting I. Whereas part I focused mainly on assets, part II would focus mainly in liabilities and shareholders’ equity