Alternative Courses for CA in 2024
Sonal Sharma
Placing CMA USA, CPA, ACCA, CFA, CA, EA and other F&A Students - Placement Manager at NorthStar Academy
Are you looking for a different career than Chartered Accountancy? Your search ends with the top alternative courses for CA. These certification courses offer the same advantages as the CA course. But you get all these benefits in a much shorter time. They equip you with expert skills and knowledge. Additionally, with these certifications in hand, you will be empowered to enter the global job market. These courses offer you reputed designations in top companies worldwide.
Top 5 Alternative Courses for CA
You might find the path of chartered accountants challenging. If so, explore the following best CA alternative courses and career options that will offer you the same career opportunities in India and other leading nations.
US CPA
The first course in the list is US CPA by the American Institute of Certified Public Accountants. CA dropouts and Commerce students prefer it to fast-track their careers in the global landscape.
Uniform CPA Examination
Four parts of this exam are-
US CMA
Another name in this list of alternative courses for CA is the US CMA. This course by the Institute of Management Accountants opens doors to the most amazing career prospects.
CMA Examination
CMA Part- I Financial Planning, Performance, and Analytics
● External Financial Reporting Decisions
● Planning, Budgeting, and Forecasting
● Performance Management
● Cost Management
● Internal Controls
● Technology and Analytics
CMA Part- II Strategic Financial Management
● Financial Statement Analysis
● Corporate Finance
● Decision Analysis
● Risk Management
● Investment Decision
● Professional Ethics
FRM
The list of the best alternative courses for CA includes the FRM course. It gets awarded by the Global Association of Risk Professionals.
FRM Exam
Part 1
● Foundations of Risk Management
● Quantitative Analysis
● Financial Markets and Products
● Valuations and Risk Models
Part 2
● Market Risk
● Credit Risk
● Operational Risk and Resiliency
● Liquidity and Treasury Risk Management
● Risk and Investment Management
领英推荐
● Current Issues in Financial Markets
CFA
You can also consider the CFA course by the CFA Institute.
CFA Exam
The three levels of this examination have the following subjects.
● Ethical and Professional Standards
● Quantitative Methods
● Economics
● Financial Reporting and Analysis
● Corporate Finance
● Equity Investments
● Fixed Income
● Derivatives
● Alternative Investments
● Portfolio Management and Wealth Planning
ACCA
ACCA is next on the list for CA dropouts. The Association of Chartered Certified Accountants offers it.
ACCA Exam Applied Knowledge Level
● Business and Technology
● Management Accounting
● Financial Accounting
Applied Skills Level
● Corporate and Business Law
● Performance Management
● Taxation
● Financial Reporting
● Financial Management
● Assurance and Audit
Strategic Professional Level
● Compulsory Subjects
● Strategic Business Leader
● Strategic Business Reporting
● Optional Subjects (Two to be Chosen)
● Advanced Financial Management
● Advanced Performance Management
● Advanced Taxation
● Advanced Audit and Assurance
Summing Up
The dynamic world of finance and accounting is full of opportunities. So, do not follow the crowd. CA is not the default course for you as a Commerce student. It would be best to explore the other options listed in this blog. These alternative courses for CA will be your key to unlocking great opportunities in the global job market.The finance and accounting certifications require you to clear their respective exams. So, choose NorthStar Academy expert courses and start preparing under the guidance of God of Costing- M Irfat Sir.