Courses and Certifications for Finance Students

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• Detailed Analysis of the Courses and
  Certifications

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US CPA (US Certified Public Accountant)
DETAILS US CPA
SYLLABUS The 4 sections of the CPA exam are as follows Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR) Regulation (REG), Business Environment Concepts (BEC)
EXAM PATTERN Each section is of 4 hours Auditing and Attestation (AUD)- 72 MCQ and 8 task-based simulations Business Environment and Concepts (BEC)- 62 MCQ and 4 task-based simulation and 3 written communications tasks Financial Accounting and Reporting (FAR)- 66 MCQ and 8 task-based simulations Regulation (REG)- 76 MCQ and 8 task-based simulations
ELIGIBILITY The candidates must have any of the below qualifications Member of the Institute of Chartered Accountants of India, Member of the Institute of Cost and Works Accountants in India, Member of the Company Secretaries in India, Master of Commerce, MMBAs Indian CAs with B.Com are also accepted by quite a few states in the US. 
DURATION  There are 4 papers that you need to clear in a time frame of 18 months.
COST OF THE COURSE The Application fee 140.00 Auditing and Attestation (AUD)- 356.55 Business Environment and Concepts (BEC)- 356.55 Financial Accounting and Reporting (FAR)- 356.55 Regulation (REG)- 356.55
OPPORTUNITY OF THE JOB Insurance firms, Credit agencies, Central banks, Asset management firms
ROLES OFFERED Accounting Assistant, Accounts Payable Clerk, Bookkeeper, Management Trainee, Payroll Clerk.
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EA (Enrolled Agent)
DETAILS EA EA EA
SYLLABUS PART 1- INDIVIDUALS PART 2- BUSINESSES PART 3- REPRESENTATION
SYLLABUS Preliminary Work with Taxpayer Data- 17 questions Business Entities 28 questions Practices and Procedures- 25 questions
SYLLABUS Income and Assets - 21questions Business Financial Information- 39 questions Representation before the IRS 24 questions
SYLLABUS Deductions and Credits- 21questions Specialized Returns and Taxpayers- 18 questions Specific Types of Representation- 19 questions
SYLLABUS Taxation and Advice- 14 questions Completion of the Filing Process- 17 questions
SYLLABUS Specialized Returns for Individuals- 12 questions
EXAM PATTERN 100 MCQ questions in each part- 85 scored questions 15 experimental questions 3.5 Hours for each part and Half hour for survey and feedback No Negative marking, computer based exam 100 MCQ questions in each part- 85 scored questions 15 experimental questions 3.5 Hours for each part and Half hour for survey and feedback No Negative marking, computer based exam 100 MCQ questions in each part- 85 scored questions 15 experimental questions 3.5 Hours for each part and Half hour for survey and feedback No Negative marking, computer based exam
PASSING SCORE 70 (105 marks out of 130 marks) 70 (105 marks out of 130 marks) 70 (105 marks out of 130 marks)
ELIGIBILITY Any intermediate passed candidate can write the exam Any intermediate passed candidate can write the exam Any intermediate passed candidate can write the exam
DURATION You can give three attempts in a year. It is conducted through at the year except March and April. Ideal time taken is 6-7 months You can give three attempts in a year. It is conducted through at the year except March and April. Ideal time taken is 6-7 months You can give three attempts in a year. It is conducted through at the year except March and April. Ideal time taken is 6-7 months
COST OF THE COURSE Rs. 13500 per part is the fees Total- Rs. 42000 of all three parts Application fee- Rs. 2000 Rescheduling- Prior 30 days- additional Rs. 2000 Rs. 13500 per part is the fees Total- Rs. 42000 of all three parts Application fee- Rs. 2000 Rescheduling- Prior 30 days- additional Rs. 2000 Rs. 13500 per part is the fees Total- Rs. 42000 of all three parts Application fee- Rs. 2000 Rescheduling- Prior 30 days- additional Rs. 2000
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CFA (Chartered Financial Analyst)
DETAILS CFA CFA CFA
SYLLABUS Quantitative Analysis, Financial Reporting Analysis, Ethics, Equity Investment, Fixed Income Analysis, Economies, Derivatives, Portfolio management and Wealth Planning, Corporate Finance, Alternative Investment Quantitative Analysis, Financial Reporting Analysis, Ethics, Equity Investment, Fixed Income Analysis, Economies, Derivatives, Portfolio management and Wealth Planning, Corporate Finance, Alternative Investment Quantitative Analysis, Financial Reporting Analysis, Ethics, Equity Investment, Fixed Income Analysis, Economies, Derivatives, Portfolio management and Wealth Planning, Corporate Finance, Alternative Investment
EXAM PATTERN CFA LEVEL 1 CFA LEVEL 2 CFA LEVEL 3
EXAM PATTERN It is conducted in two sessions, each 3 hours long. It consists of 240 multiple-choice questions in two sessions of 120 MCQ each.  The students need to pass Level 1 to appear for Level 2. There are total 20 item set questions, split in two sessions. Morning- 10 item set questions Evening- 10 item set questions. The total number of questions is 120. The duration of the exam is 360 minutes.  It is a mix of item set questions and essay type questions. The duration of the exam is 6 hours long and is written in two sessions. Morning session, there will be 10-15 essay type questions. Afternoon session, there are 10 item sets. Each item set consists of a case statement followed by six multiple-choice questions.
ELIGIBILITY You should hold a bachelors degree or equivalent in relevant discipline. You must possess 4 years of work experience.  If you are in the final year of graduation, then also you can register for the CFA course. You should hold a bachelors degree or equivalent in relevant discipline. You must possess 4 years of work experience.  If you are in the final year of graduation, then also you can register for the CFA course. You should hold a bachelors degree or equivalent in relevant discipline. You must possess 4 years of work experience.  If you are in the final year of graduation, then also you can register for the CFA course.
DURATION Minimum duration is 2 years to complete and average is 4 years Can be written twice a year Minimum duration is 2 years to complete and average is 4 years Can be written twice a year Minimum duration is 2 years to complete and average is 4 years Can be written twice a year
COST OF THE COURSE Early Registration fee- 700 Standard Registration fee- 1000 Late Registration fee- 1450 There is an additional one-time enrollment fee of 450 that is applied the first time you register. Early Registration fee- 700 Standard Registration fee- 1000 Late Registration fee- 1450 There is an additional one-time enrollment fee of 450 that is applied the first time you register. Early Registration fee- 700 Standard Registration fee- 1000 Late Registration fee- 1450 There is an additional one-time enrollment fee of 450 that is applied the first time you register.
ROLES OFFERED Business Consultant, Chartered Financial Analyst, Research Analyst, Private Bankers, Chief Executive Officer, Risk Manager Business Consultant, Chartered Financial Analyst, Research Analyst, Private Bankers, Chief Executive Officer, Risk Manager Business Consultant, Chartered Financial Analyst, Research Analyst, Private Bankers, Chief Executive Officer, Risk Manager
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US CMA (US Certified Management Accounting)
DETAILS US CMA US CMA
SYLLABUS PART 1-  Financial Reporting, Planning,  Performance, and Control PART 2- Financial Decision Making
SYLLABUS External Financial Reporting Decisions (15) Planning, Budgeting and Forecasting (20) Performance Management (20) Cost Management (15) Internal Controls (15) Technology and Analytics (15) Financial Statement Analysis (25) Corporate Finance (20) Decision Analysis (25) Risk Management (10) Investment Decision (10) Professional Ethics (15)
EXAM PATTERN Part 1 Part 2
EXAM PATTERN Duration- 4 hours Marks- 500 (passing 72) Question pattern- 3 hours- 100 MCQ (weightage-75) and 1 hour 2 essays (weightage- 25) Duration- 4 hours Marks- 500 (passing 72) Question pattern- 3 hours- 100 MCQ (weightage-75) and 1 hour- 2 essays (weightage- 25)
ELIGIBILITY Membership of the Institute of Management Accountants (IMA) A Bachelors degree from an accredited university or an equivalent degree Two years of professional experience in management accounting or financial management. Membership of the Institute of Management Accountants (IMA) A Bachelors degree from an accredited university or an equivalent degree Two years of professional experience in management accounting or financial management.
DURATION Average of 12-18 months to complete both parts and maximum of 3 years from the date of registration 3 testing window offered each year Average of 12-18 months to complete both parts and maximum of 3 years from the date of registration 3 testing window offered each year
COST OF THE COURSE Professional Members Students/ Academic Members
COST OF THE COURSE Entrance Fee(non-refundable) 250 Exam Fee 415 per part Entrance Fee (non-refundable) 188 Exam Fee 311 per part
ROLE OFFERED Financial Controller, Chief Financial Officer, Finance Manager, Financial Analyst, Financial Risk Manager, Cost Accountant, Budget Analyst, Internal Auditor, Senior Accountant Financial Controller, Chief Financial Officer, Finance Manager, Financial Analyst, Financial Risk Manager, Cost Accountant, Budget Analyst, Internal Auditor, Senior Accountant
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Diploma in IFRS (International Financial
Reporting Standards)
DETAILS Diploma in IFRS
SYLLABUS Elements of financial statements Presentation of financial statements and additional disclosures International sources of authority Preparation of external financial reports for combined entities, associates and joint arrangements
EXAM PATTERN The Diploma in International Financial Reporting (DipIFR) is assessed by a single three-hour, 15 minute written exam. You will need to achieve a 50 per cent mark or above to complete the paper.  Section A - 125 mark question- 25 marks Section B - 325 mark questions- 75 marks Total- 100 marks
ELIGIBILITY Qualified Professionals/ Part- Qualified Professionals (CA/CMA/CS/CA inter/M.COM) Graduate plus 2 years of work experience ACCA Affiliate Status
DURATION  The exam is held twice a year - in June and December at ACCA's exam centres
COST OF THE COURSE Initial Registration- 89 (A one-time fee that students must pay when registering with ACCA) Dip IFR (Global) exam fees- 117 (The fee is chargeable per exam)
OPPORTUNITY OF THE JOB Banking and Insurance sector, Non-Banking financial companies, Listed companies, Advisory companies
ROLES OFFERED Financial Analyst, Consultants, Trainers Also, Skilled and experienced IFRS experts can begin their private consultancy for firms and enhance their income potential
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