CA OR CS.. WHAT’S THE DIFFERENCE???
The Big Question After 12th For Commerce Students Is Like What To Do Now??
Some Of Them Suggest Doing CS Or CA But How To Choose Between CA & CS And What Is The Basic Difference Between Them?
Many Questions Arise Regarding What Is Course, Eligibility, Coaching’s And Then Later Regarding Job Then Salary and If in Practice Then What to Do??
Choosing a career is tough which is why we have compared the two most commonly confused professions- CA vs CS in this blog.
WHO IS CHARTERED ACCOUNTANT?
Chartered Accountant is an international career field accredited by the ICAI i.e. Institute of Chartered Accountants of India. The course provides with Auditing, Accounting, and Financial Management techniques and skills that open up career opportunities for those aspiring to work in the Business and Finance sector. A Chartered Accountant is a professional who analyzes the Risk Management aspect, maintains accounts as well as provides future financial advice.
WHO IS A COMPANY SECRETARY?
Company Secretary is among the principal aspects of a company and acts as a conscience seeker. Apart from managing taxes, a CS also ensures that the organization complies with the laws, statutory and non-statutory, efficiently. The ICSI i.e. Institute of Company Secretaries of India provides professional training to those who aspire to pursue a career in the financial and legal aspects of business firms. The course provides knowledge of handling legal aspects and managing the company’s brand image. A Company Secretary is responsible for completing the company’s tax returns, keep records, the advisory board of directors and members and ensure all the legal and statutory regulations.
What is the Difference Between CA and CS?
Here are some of the major differences between CA and CS. Lets read them in detail to know the major difference between these two courses, i.e. CA and CS.
|
PARTICULARS |
CA | CS |
| CONDUCTING BODY | Institute of Chartered Accountants of India [ICAI] is the main conducting body | Institute of Company Secretaries of India (ICSI) is the min conducting body |
| WHO SHOULD OPT IT
|
Candidates with a good mathematical background | Candidates with a good inclination towards theory and base |
| STAGES | 1. CPT or common proficiency test.
2. IPCE or Integrated Professional Competence. 3. Article-ship for 3 years under a CA firm. 4. CA Final exam |
1. Foundation course (only applicable in the case of an undergraduate).
2. Executive program. 3. Professional program |
| COURSE DURATION | 5 YEARS | 2-3 YEARS |
| ENTRANCE EXAM | Common Proficiency Test (CPT) | Company Secretary Executive Entrance Test (CSEET) |
| ELIGIBILITY CRITERIA | 1. Candidates who have qualified their 12th exams with a minimum aggregate of 50% marks can register for the CA Foundation exam.
2. Candidates who have an aggregate of 55% marks in graduation or post-graduation degree in Commerce stream or its equivalent from any recognized university/open university are exempted from CA Foundation |
For the
1. Foundation Programme, (10+2 pass or equivalent from any stream) 2. Executive Programme (Graduation from any field) 3. Professional Programme (Executive Programme) |
| SUBJECTS OFFERED | CA course focuses on subjects like taxation, finance, banking, accounting, etc. These subjects include direct taxes, fundamentals, and basics of accounting, auditing and assurance, CAFM (cost accounting and financial management), etc. | CS course offers subjects that help aspirant become an expert in company law. These subjects in detail are tax laws, company law, general and commercial laws, economic labor and industrial laws, banking and insurance, etc. |
| STEPS FOR BECOMING CA OR CS | An aspirant can become a CA by following the below-mentioned steps-
1. An applicant will have to get himself or herself registered with the ICAI. 2. An applicant will have to clear the CPT or the common proficiency test and will also need to pursue a full-time B.COM course (Bachelor Course). 3. An aspirant will need to qualify for the IPC (Integrated Professional Competence) Examination. 4. An aspirant will need to pursue an article-ship for 3 years under a CA firm. 5. An applicant will need to qualify for the CA Final exam. |
An aspirant can become a CS by following the below-mentioned steps-
1. An applicant will have to get himself or herself registered with the ICSI. 2. An applicant will have to clear the foundation exam. However, if an applicant is a graduate, then he or she may not need to sit for the foundation exam; that is, they can directly appear for the executive program. 3. An aspirant will need to clear the executive program. 4. An aspirant will need to clear the professional program |
| EXAMS | CA exams are conducted every year in the month of May and November | CS exams are conducted every year in the month of June and December |
| ARTICLESHIP | A three-year article-ship under any CA firm is mandatory | 15 months of Management Training is mandatory |
| DUTIES | A CA is required to advise the company on matters concerned with finance and taxation. | CS is required to act as a compliance officer for the company. |
| JOB PROFILES |
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| OFFICIAL WEBSITE | https://www.icai.org/ | https://www.icsi.edu/home/ |
HERE IS THE ANSWER I HAVE TRIED TO GIVE TO ALL YOUR QUESTIONS! IF THE CANDIDATES HAVE ANY QUERY MAY REACH TO US AS DETAILS MENTIONED.
Author Bio
Hello Kavya, very well explained and appreciate your hard work.
Great explanation about CA and CS, thank you for sharing informative article.
Thank u. Urs comment keep me motivating n will write my next article soon.
THAN K U CS SAKSHI.
WHO SAID THAT THESE 2 COURSES ARE ONLY AVAILABLE IN INDIA. THERE ARE MANY BUT AS A PROFESSION I CAME THE QUERY REGARDING CA N CS ONLY AND HERE I GIVE COMPARISON OF THESE 2 ONLY.
Very well explained
Hi Madam,
Is this only two courses available in India. why comparison with CMA is not available . is it not the noble profession ?
Thanks