Top 10 Online Courses to Supplement Your Chartered Accountant Studies [2024]

Preparing for the CA exam is a daunting task, and applying your knowledge effectively during the exam presents its own unique set of challenges. Attaining the prestigious title of Chartered Accountant (CA) demands a substantial investment of both time and effort. With the field of Chartered Accountancy becoming increasingly popular, competition has intensified. To stand out in this competitive landscape, many individuals opt to pursue additional online degrees or qualifications after completing the CA program. These supplementary courses not only enhance knowledge but also broaden the scope of opportunities available. In this blog, we’ll explore some of the top courses you can pursue post-CA program preparation.

CA Course (Chartered Accountancy)

The Chartered Accountancy (CA) course is a rigorous professional program aimed at training individuals to become qualified Chartered Accountant. It covers a wide array of subjects including accounting, finance, taxation, and auditing. Through this comprehensive training, students develop the expertise needed to analyze financial information, prepare financial statements, and adhere to various financial regulations.

Chartered Accountant play a crucial role in businesses and organizations, providing financial advice, conducting audits, and contributing to strategic decision-making. The CA online courses typically comprises a sequence of examinations and practical training aimed at equipping candidates for a prosperous career in accounting.

(CA) Why is so Popular?

CA is highly favored because it offers access to captivating career opportunities in the business and financial realms. Being a CA entails handling financial matters for individuals and entities, making it a prestigious profession that draws many. With profound expertise in accounting, auditing, and financial management, CAs are esteemed for their role in ensuring compliance and financial well-being. Their services remain highly sought-after, given their vital contribution to organizational stability.

A career in chartered accountancy offers stability, substantial income potential, and the chance to work with esteemed companies or as an independent professional. It is a popular choice for individuals aspiring to excel in the financial sector, providing diverse career paths, credibility in professional circles, and secure employment prospects.

Passing percentage for CA exams

Certainly! The CA exams in India are widely recognized as some of the most challenging examinations, offering a pathway to a prosperous career. However, they also boast high competition and remarkably low pass rates, resulting in a significant number of students failing to clear the exams.

The passing percentages for the 2023 CA exams were approximately 25% for the Intermediate exam and 10% for the Final exam, in line with the average clearing rates for these exams each year.

CA 2024 Intermediate Exams Passing Percentages

Groups

No. of Students Gives Exams

No. of Students Cleared

Passing Percentages

Group 1

1,27,304

100265

21.19%

Group 2

103,386

79292

24.44%

Both Group

53,459

37428

12.72%

Group

No. of Students Gives Exams

No. of Students Cleared

Passing Percentages

Group 1

75,294

57254

22.3%

Group 2

72,769

54144

30.52%

Both Group

38,937

28988

15.31%

The necessity for online courses in conjunction with CA programs.

Enrolling in online courses alongside Chartered Accountancy (CA) training offers numerous advantages. Incorporating online learning into your CA online courses journey offers a more flexible and convenient educational experience. Instead of attending traditional classes, you can access course materials, lectures, and resources from the comfort of your home. This flexibility is particularly beneficial for students managing busy schedules or seeking to balance work commitments with their CA studies.

Online courses offer a diverse array of subjects, enabling individuals to enhance their expertise and understanding in fields essential for navigating the evolving corporate landscape. Additionally, the interactive nature of online learning platforms often encourages self-directed learning, leading to deeper comprehension of the material. Lastly, integrating CA courses with online learning opportunities presents a holistic approach to education, furnishing learners with specialized knowledge alongside versatile skills.

List of Alternative Online Courses to Consider After Completing 12th Grade

Below is a compilation of online courses you can undertake concurrently with your preparation for the CA online courses:

1.) Cost and Management Accounting (CMA )

If you’re passionate about cost accounting, pursuing a career in this field and augmenting your academic journey with an online CMA course could be a strategic decision. Achieving dual certification has the capacity to unlock lucrative prospects within industrial sectors and appeal to high-paying clientele.

Eligibility Criteria:

Applicants are required to possess a postgraduate degree in any discipline, with the exception of fine arts.
Alternatively, candidates may also qualify by passing the Foundation level exams of ICSI or the Intermediate exams of ICAI.

Job Opportunities:

Completion of the online CMA courses opens up numerous job opportunities.

Chairman cum Managing Directors,
Finance Director,
Financial Controller
Chief Financial Officer
Cost Controller
Marketing Manager

After completing the CMA online course, individuals can pursue various job roles with an average salary package of 10 LPA.

2.) Company Secretary (CS)

A Corporate Secretary, commonly referred to as a CS, is a professional dedicated to managing the administrative and legal aspects of a corporation. Their pivotal role involves ensuring the corporation adheres to relevant rules and regulations. Duties include maintaining corporate records, coordinating meetings, and facilitating communication between the organization and its stakeholders.

The Company Secretary acts as a vital link between management and the board of directors, guaranteeing thorough documentation and efficient implementation of crucial decisions. Essentially, their role is pivotal in upholding a company’s legal and organizational integrity.

Eligibility Criteria:

Candidates are required to have finished their 10+2 education, commonly referred to as higher secondary or its equivalent, from a recognized board.
To enroll in the CS online courses, candidates must be a minimum of 17 years old.
Passing the Foundation exam of either ICSI or ICAI is a notable achievement.

Jobs Opportunities:

Numerous career prospects await individuals who successfully complete the CS program. A few examples include:

Compliance Offices
Chief Advisors
Executive Secretary
Governance Professionals
Board Advisor
Secretarial Auditors

Below are several job roles available after completing the online Computer Science course, with an average salary package of 7.5 LPA.

3.) Chartered Financial Analyst (CFA)

The CFA (Chartered Financial Analyst) certificate stands as a highly esteemed accreditation for finance professionals seeking to progress in investment management and financial analysis. Achieving the CFA designation necessitates undertaking a rigorous program encompassing diverse subjects such as ethics, investment strategies, and portfolio management.

Individuals who achieve the CFA qualification demonstrate a commitment to attaining a high level of expertise and comprehensive understanding of financial markets. The CFA credential enjoys global recognition and is esteemed as a hallmark of financial proficiency.

Eligibility Criteria:

Possessing a bachelor’s degree from an accredited university in any discipline.
Passing the ICAI foundation exam.

Job Opportunities:

After obtaining their CFA certification, candidates have access to a range of job roles, including but not limited to:

Data Scientist
Chief Investment Officer
Investment Consultant
Investment Strategist
Accountant-/Auditor

Below are various job roles available after completing online CFA courses, with an average salary package ranging from 6 to 8 LPA.

4.) Law

Exploring legal matters within the CA course can spark curiosity, leading to a desire for deeper understanding in a professional context. Pursuing an LLB course can be highly advantageous in this regard. This program equips individuals to navigate diverse legal challenges, encompassing areas such as business law, civil law, international law, labor law, family law, and patent law. Combining a CA qualification with an LLB not only expands career prospects but also enhances one’s ability to tackle multifaceted issues.

Acquiring both a CA qualification and an LLB degree expands your service offerings to clients, enhancing your business potential significantly. This dual expertise substantially elevates your professional competency, attracting a broader clientele.

Eligibility Criteria:

Opting for a B.Com LLB can be a strategically sound choice, provided you maintain a clear mindset. Supplementing this with qualifications such as CA or CS can significantly enhance the value of your degree.

Job Opportunities

After completing an online LLB course, students can pursue a variety of job roles, including but not limited to:

Accounting
Finance
Taxation
Law

The typical average salary package for online LLB graduates falls around 13 LPA.

5.) Finance Risk Management (FRM)

Finance Risk Management (FRM) in the online sphere involves the systematic handling and oversight of financial risks to uphold an organization’s stability and profitability. In essence, it encompasses the identification, assessment, and mitigation of risks that could impact a company’s financial health. FRM acts as a safeguard, aiding organizations in navigating potential financial challenges.

A strategic approach aimed at protecting assets, enhancing financial performance, and making prudent decisions amidst uncertainty is crucial. Businesses adept at identifying and mitigating risks stand a higher chance of achieving their long-term financial objectives and enduring economic unpredictability.

Eligibility Criteria:

Despite being a well-established and sought-after career path, many individuals who complete the Chartered Accountant (CA) program opt to pursue additional certifications or professional qualifications to gain a competitive edge over their peers.

Job Opportunities:

After completing online FRM courses, students have access to a vast array of career opportunities. Some of these options include:

Financial Risk Analyst/ Manager
Trading
Wealth Management
Investment Banking
Enterprise Risk Management

Here are several sought-after career paths following the completion of an online FRM course, typically offering an average salary package ranging from 7 to 8 LPA.

6.) Certified Internal Auditor (CIA )

The designation of Certified Internal Auditor (CIA) is bestowed upon individuals who demonstrate exceptional proficiency in internal auditing. It signifies their adeptness in scrutinizing and evaluating an organization’s internal operations. Attaining this title requires passing a rigorous examination that evaluates their expertise in risk management, control mechanisms, and governance practices.

Essentially, a Certified Internal Auditor (CIA) is a proficient specialist responsible for ensuring the seamless operation of a company’s internal procedures while adhering to regulations. Their crucial role involves aiding organizations in achieving smooth functioning and mitigating any potential challenges or complexities.

Eligibility Criteria:

A minimum graduate qualification is necessary for admission to a CIA (Certified Internal Auditor) course.
Individuals holding certifications as Chartered Accountant (CA), Cost and Works Accountants (CWA), or Company Secretaries (CS) are also eligible for registration.

In India, numerous professionals choose to pursue the CIA as a further qualification after obtaining their CA, CWA, or CS certifications.

Job Opportunities:

Below are the job roles available upon completing the online CIA courses listed:

Internal auditing manager
Auditor
Internal audit director and Auditing Manager
Chief Internal Auditor
Quality Assurance Manager
Internal auditor

The typical average salary following the completion of the online CIA program stands at 2.3 LPA.

7.) Association of Certified Chartered Accountant (ACCA)

ACCA (Association of Chartered Certified Accountants) stands as a renowned global professional body, offering esteemed credentials and comprehensive training for individuals aspiring to become Chartered Accountant. Renowned for its prestige, this institution equips its members with essential skills and knowledge to excel in the realms of accounting and finance. Through ACCA certification online, participants undergo a thorough program encompassing areas such as accounting, auditing, taxation, and financial management.

Completing the ACCA tests and fulfilling the practical experience requirements enables candidates to attain the prestigious ACCA qualification, showcasing their expertise and commitment to the highest standards in the accounting profession. ACCA significantly contributes to the advancement of aspiring accountants’ careers and fosters excellence in financial expertise.

Eligibility Criteria:

Upon finishing the CA Final, you can opt to pursue ACCA, where certified CAs receive nine exemptions, reducing the ACCA professional-level papers to four for qualified CAs. This enables CAs to attain ACCA certification within a timeframe of 6 to 12 months.

Job Opportunities:

After finishing this online course, you’ll have access to a vast array of job opportunities. Here are some examples:

Management Accountant
Finance Manager
Treasury
Auditor
CFO

Here are some of the mentioned job roles along with the average salary post completion of the online ACCA program, which stands at 5 LPA.

8.) Certified Public Accountant (CPA)

A Certified Public Accountant (CPA) is a highly skilled financial professional who undergoes rigorous schooling and passes a comprehensive examination to earn certification. Online CPA training programs specialize in proficiently handling and scrutinizing financial data, preparing tax filings, and providing crucial financial guidance to both businesses and individuals. They play a vital role in maintaining precise financial records, ensuring adherence to regulations, and aiding organizations in making sound financial choices. In summary, CPAs are reliable and proficient financial experts capable of managing diverse accounting and financial matters.

Eligibility Criteria:

Earned a postgraduate diploma with a credit total of 120.
Take the CPA exam and pass it successfully.
I have successfully completed the intermediate level of the CA program.

Job Opportunities:

After completing the course, students can pursue various job roles, some of which are outlined below:

Budget Analyst
Controller
Forensic Accounting
Public Accounting
Tax Accountant

The typical salary package for students who have completed the online CPA course falls within the range of 5 to 6 lakhs.

Master of Business Administration (MBA)

There are numerous compelling reasons to consider pursuing an online MBA course. Obtaining an MBA can bolster your academic credentials and equip you for the challenges of the professional realm. Specializing in finance during your MBA studies could be especially beneficial if you have a specific career trajectory in mind. The versatility of an MBA makes it highly esteemed across various industries, attracting graduates from diverse educational backgrounds such as BTech, BBA, BCom, BA, BSc, and BCA who seek to advance their careers post-undergraduate studies.

Eligibility Criteria:

Possessing a diploma from an accredited university
Fulfill the Chartered Accountancy (CA) program provided by the Institute of Chartered Accountant of India (ICAI).
Candidates must possess a Bachelor of Business Administration (BBA) or Bachelor of Commerce (B.Com) degree accredited by ICAI or from a recognized equivalent institution.

Job roles:

Upon completing the Online MBA program, students have access to a diverse array of job roles. Some examples include:

Project Manager
Business Development Executive/ Manager
Product Manager
Marketing Manager
Analytics Manager
System Manager
Data Processing Manager
Business Analyst

Below are several job positions attainable post completing online MBA courses, typically offering an average salary package of 7.7 LPA.

Conclusion:

The field of chartered accounting continues to attract significant interest from Indian students. Achieving success as an accountant requires dedication and hard work. It’s advisable to consider enrolling in online courses and regularly taking exams to assess your readiness. Explore the range of online courses offered to complement your CA studies. It’s essential to make well-informed choices, especially since some courses, particularly those in online degree programs, can be costly. Determine whether you intend to pursue these courses concurrently with your CA studies.

Top 10 Online Courses to Supplement Your Chartered Accountant Studies [2024]

CA Course (Chartered Accountancy)

(CA) Why is so Popular?

Passing percentage for CA exams

The necessity for online courses in conjunction with CA programs.

List of Alternative Online Courses to Consider After Completing 12th Grade

1.) Cost and Management Accounting (CMA )

2.) Company Secretary (CS)

3.) Chartered Financial Analyst (CFA)

4.) Law

5.) Finance Risk Management (FRM)

6.) Certified Internal Auditor (CIA )

7.) Association of Certified Chartered Accountant (ACCA)

8.) Certified Public Accountant (CPA)

Master of Business Administration (MBA)

Conclusion:

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