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PG degree for CA, CS, ICWA courses will facilitate applied research – Times of India

In a current transfer, the University Grants Commission (UGC) has granted postgraduate degree standing to 3 skilled commerce and accounting courses — CA, CS and ICWA. The purpose is to boost the profession prospects of college students who qualify for the Chartered Accountancy (CA), Company Secretary (CS) or Cost and Works Accountant (ICWA) examinations each nationally and on a worldwide scale.

“The situation was pending for a very long time because the UGC had acquired requests from the three skilled our bodies, particularly the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India, to contemplate the {qualifications} being awarded by them as equal to postgraduate levels. Since these skilled our bodies have been following a rigorous educational course of of coaching and analysis, the UGC determined to grant equivalence standing.

The transfer will combine skilled training with basic training in sync with NEP 2020 that emphasises on versatile training,” Rajnish Jain, secretary, UGC, tells
Education Times.

Some universities and institutes up to now had declared CA, CS, ICWA courses as PG, however the official recognition by UGC will permit college students to pursue PhD throughout all universities. “Earlier, most students would have to complete separate PG courses to do their PhD. There will be no such compulsion now for those looking for a career in academics,” Jain provides. “To encourage better linkages between academic and industry, the practising professionals can integrate their knowledge into the theoretical component of their PhDs to further facilitate applied research.”

Paving the trail for CAs

“The recognition will open the gates for aspirants to appear in the National Eligibility Test (NET) conducted by the UGC and State Eligibility Test (SET). They will also be eligible for Junior Research Fellowship/assistant professor in the universities across India,” says CA Nihar N Jambusaria, president, ICAI.

The CAs can now pursue PhD in all of the Indian universities throughout India as in opposition to 106 universities, 2 IITs and seven IIMs which earlier recognised the chartered accountancy qualification for the particular goal of registration to PhD programme. The equivalence will additionally open up numerous job avenues within the worldwide market for ICAI members. “With the recognition, transcript agencies of different countries would also be able to recognise CA qualification, which will aid CA members in education and on the immigration front,” Jambusaria says.

How CS will acquire

The ICSI members publish the popularity will have a possibility to pursue PhD in Commerce and Allied Disciplines, says Nagendra D Rao, president, ICSI. “This will not just leverage the Company Secretary profession across the globe, but will reaffirm the fact that with the increasing focus on good governance, the demand for Company Secretaries, as skilled professionals, is both ubiquitous and inevitable.”

The institute has a full-fledged educational and research wing whereby college students and members are inspired to undertake research in areas reminiscent of Corporate Governance; Company Law; CSR; Tax Laws; Securities Laws; Capital Market; Finance and so forth. “As a result, Company Secretaries are invited as guest faculty in universities/colleges/cademic institutes. The new recognition will also give CS members an edge while applying for student visas for pursuing higher education abroad,” Rao says.

Academia aside, the finance professionals will be eligible for appointment to varied posts marketed by the UPSC, PSUs, State Public Commissions and different regulatory our bodies the place the eligibility standards is a PG degree.

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