Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: due date for vat payment
« News Headlines »
 What if you forget to verify your Income Tax return?
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18

Chartered accountants look beyond financial sector for jobs
April, 05th 2011

The Institute of Chartered Accountants of India (Icai) wants to place more graduates in fast-growing sectors such as small and medium enterprises (SME), retail, telecom and in- frastructure. As of now, the financial sec- tor remains the biggest sector, with nearly 600 fresh CAs (chartered accountants) being hired by banks alone, said K. Raghu, chairman of Icai's com- mittee for members in indus- try. But we are seriously look- ing to the SMEs to tap a largely untapped segment.

Icai plans a special pro- gramme to place CAs in SMEs, he said. We are expecting around 250 CAs to participate in the exclusively structured campus placement pro- gramme for SMEs to be organ- ized during May. We expect to place about 200 candidates.SMEs account for 45% of In- dia's industrial output and 40% of exports, according to indus- try lobby Small and Medium Business Development Cham- ber of India.

They employ 60 million peo- ple, create 1.3 million jobs ev- ery year and produce more than 8,000 products for the In- dian and international mar- kets. The sector contributed 17% of the gross domestic product (GDP) in 2009, which is expec- ted to increase to 22% by 2012.

There are 26.1 million SME units in India and 12 million people are expected to join the SME workforce in the next three years. Icai president G. Ramas- wamy said demand for Indian CAs has grown both nationally and internationally. A total 222 companies offered 1,806 jobs to fresh CAs this year, com- pared with 156 firms recruiting 398 fresh CAs in the last place- ment season.

CAs get good grounding during their articleship and are good at managing business en- vironment. The compensation should reflect the talent they possess. The highest package of `68 lakh per annum, offered to four candidates for interna- tional posting, shows the im- portance of CAs as a complete business solu- tions provid- er, Ramas- wamy said.

All chartered accountancy students are required to work as audit clerks for three years, which is known as arti- cleship. The demand for CAs is ex- pected to rise with a number of companies adopting account- ing standards in line with the international financial report- ing standards. Anil Sachdev, a human re- source consultant, said CAs are more in demand compared with masters of business ad- ministrations (MBAs) for three reasons.

Having done their article- ship, they have seen life inside a company, the chartered ac- countancy curriculum has seen a change with additional modules on business under- standing, and they are into process driven technology, which is required by sectors such as retail as also banking, said Sachdev, founder and chief executive of the School of Inspired Leadership, an HR consultancy firm. My person- al experience says CAs are more stable than MBAs and, therefore, contribute less to at- trition in a company.

Olam International Ltd, an export house on agricultural commodities based in Singa- pore, paid the highest salary of `68 lakh a year in the history of Icai over the last 33 placement seasons. Among domestic firms, ITC Ltd offered the highest pay packet of nearly `14 lakh a year.

ICICI Bank Ltd offered 309 jobs to fresh CAs while Ca- nara Bank hired 55 CAs and Axis Bank Ltd gave offer to 50 others. In total, 589 jobs came from banks, and 100 from non- banking financial companies. Icai also wants to place more students in retail, infrastruc- ture and telecom sectors.

Since September, telcos Idea Cellular Ltd and Bharti Airtel Ltd have hired at least 23 fresh CAs, said Raghu. Icai plans to tap the Persian Gulf market as well. Its committee for members in industry organized inter- views for fresh graduates with Gulf-based companies through video conferencing; two stu- dents were placed as a result.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions