Specialised Courses That Can Add Value To Chartered Accountancy

Chartered Accountants' (CAs') responsibilities now extend far greater than simple financial reporting and auditing. Today, the demand for CAs is high in a variety of fields, including law, taxation, financial planning, and more. The Institute of Chartered Accountants of India (ICAI) has launched specific courses designed for the expanding demands of this profession. These courses not only deepen the understanding of specific fields but also broaden the horizons of CA aspirants.

Careers360 has listed six specialised courses that can aid CAs in their professional development. Let's explore the six specialised courses that are reshaping the CA landscape:

Six Specialised Courses: Offered By ICAI

All these courses have different eligibility criteria as well as various factors (refer to the below table to know more). All the courses can be completed within a month with minimum eligibility of being a member of ICAI in most of the courses. Certificate course on Intellectual Property Rights Laws is the only course which does not have any prerequisites and can be pursued as per interest in the domain.

Certificate Course on Intellectual Property Rights Laws

The advent of globalisation has highlighted the significance of Intellectual Property Rights (IPR). Chartered Accountants equipped with expertise in IPR can offer invaluable insights to both businesses and individuals. This course gives its participants comprehensive theoretical knowledge, practical insights, and case studies related to IPR. The National IPR Policy has opened the gates for CAs to play a crucial role in the protection of intangible assets.

Eligibility: None

Duration: 11 Days

Commitment: 2 Hours/Day

Who would benefit? Members of ICAI

Hub: Committee on Economic, Commercial Laws & Economic Advisory

Course fee: Rs. 4,000/- + Rs. 720/- (18% GST)

Required Attendance: 75%

Intake capacity: Max-200, MIn-100

Certificate Course on Anti Money Laundering Laws

In a world full of financial frauds, Chartered Accountants are stepping up as experts in anti-money laundering. This course equips professionals with the skills to combat money laundering. Participants gain in-depth knowledge of relevant laws, regulations, and procedures. The course's intensive training and case studies gives the participant an understanding of the subject, allowing CAs to play an important role in ensuring financial integrity.

Eligibility: C.A

Duration: 7 days

Commitment: 6 Hours/Day

Who would benefit? Members of ICAI

Hub: Committee on Commercial Laws, Economic Advisory & NPO Cooperative, Noida Sector 62

Course fee: Rs. 10,000/- + Rs. 1800/- (18% GST )

Required Attendance: N.A

Intake capacity: N.A

Certificate Course on Concurrent Audit of Banks

The Internal Audit Standards Board offers CAs with an overview of the intricacies of bank transactions and verifications with a course on Concurrent Audit of Banks. This course strengthens the internal audit systems of banks. It also enhances the audit reports are well made and as per Accounting Standards. Chartered Accountants take this course to uphold financial transparency within the banking sector.

Eligibility: Member of ICAI and Qualified CA final exams

Duration: 6 days

Commitment: 24 technical sessions

Who would benefit? N.A

Hub: N.A

Course fee: N.A

Required Attendance: N.A

Intake capacity: N.A

Certificate Course on GST

The Goods and Services Tax (GST) regime marked a significant shift in India's indirect tax landscape. This course gives CAs in-depth knowledge of GST's nuances, ranging from constitutional provisions to valuation, exemptions, returns, and more. By mastering this complex domain, CAs position themselves as consultants in both industry and practice. Eventually this course makes CAs make sound financial decisions.

Eligibility: Members of the ICAI

Duration: 10 days

Commitment: 4 hours/day

Who would benefit? N.A

Hub: N.A

Course fee: Rs 9000/-+-18% GST

Required Attendance: N.A

Intake capacity: N.A

Certificate Course on Public Finance & Government Accounting

The complexities of public finance and government accounting require specialised understanding. This course prepares CAs to navigate the challenges and opportunities within this sector. Covering central, state, and local bodies' aspects, the course delves into economic policies, budgets, fiscal tools, grants, and accounting systems. Participants of this course emerge as experts in giving input in the government sector's financial operations.

Eligibility: Members of the ICAI as well as qualified CA final

Duration:16 days

Commitment:3 hours/ day

Who would benefit? N.A

Hub: N.A

Course fee: 5,000/-+ 18% GST

Required Attendance: 75%

Intake capacity: N.A

Certificate Course on Wealth Management and Financial Planning

In an era of comprehensive financial planning, this course equips CAs with the principles of wealth management and investment strategies. Participants gain insights into retirement benefits, investment planning, and effective wealth management. As multidisciplinary financial consultants, CAs use this expertise to guide clients through sound financial decisions across various domains.

Eligibility: Member of ICAI

Duration: 20 days

Commitment: N.A

Who would benefit? N.A

Hub: NA

Course fee:15000/-+18% GST

Required Attendance: NA

Intake capacity: 60

The scope of chartered accounting now extends beyond traditional financial issues. Since the introduction of specific training programmes, CAs have become experts in a variety of fields, including wealth management, taxation, and the protection of intellectual property. Both aspiring and working chartered accountants can improve their skills and knowledge through these courses. They finally come into their own as adaptable professionals equipped to handle the difficulties posed by a constantly changing financial world. Benefit from these courses to maximise your potential and advance your CA career.