Library@Kendriya Vidyalaya Pattom

Where Minds meet and Ideas pop up !

Careers in Accountancy and Law

Careers after Plus Two

Cost accountancy

 

In the highly competitive scenario in manufacturing industries, efficiency is the keyword. To attain efficiency, there has to be a multi-pronged approach, an important element of which is harnessing of wealth-generating resources and waging a war against waste. The primary objective is cost reduction.

A significant role in this effort is played by the cost accountant. The services of competent cost accountants are required for analysing each one of the different items that add up to the cost of a product and for identifying ways and means of bringing down expenses.

The realm of the cost accountant spreads to regions beyond costing and maintaining accounts in industrial or business organisations. Owing to his role in the overall management and financial regimen of an industry, he is sometimes referred to as cost and management accountant. The success or failure of business decisions depends to a large extent on the quality of the information made available to the management. This emphasises the value of right cost prescription from the cost and management accountant.

On the strength of professional experience, cost accountants can reach the topmost rungs of the corporate hierarchy. They have opportunities in the public as well as private sectors.

Experienced cost accountants can opt for private practice.

The Institute of Cost and Works Accountants of India ( www.myicwai.com) regulates the profession and imparts training to students in the distance mode.

The structure of the training programme comprises three levels – Foundation, Intermediate and Final. The subjects of study are as follows.

Foundation

 

Organisation and management fundamentals; accounting; economics and business fundamentals; and business mathematics and statistics

Intermediate

 

Financial accounting; commercial and industrial laws and auditing; applied direct taxes; cost and management accounting; operation management and information systems; and applied indirect taxes

Final

 

Capital market analysis and corporate laws; financial management and international finance;

management accounting – strategic management; indirect and direct – tax Management; management accounting – enterprise performance management; advanced financial accounting and reporting; cost audit and operational audit; and business valuation management.

Candidates can join the Foundation course after passing the higher secondary examination. Those who are waiting for Plus Two results will be permitted to register provisionally.

The next step after the Foundation is the Intermediate. Admission to the Intermediate examination will be granted after obtaining the Coaching Completion Certificate. For this certificate, the students should complete the following items of training.

•Group discussion

The students are required to appear in group discussion in each stage. The topics would be as per the choice of the students but within the curriculum of that particular stage.

•Business communication seminars – two

•Hands-on computer training – 50 hours

Those who possess recognised computer qualifications would be exempted from this part.

After passing the Intermediate examination, the candidates reach the Final. Appearance in the Final examination is permitted only after obtaining the necessary coaching completion certificate. For this certificate, the students should complete the following items of training.

•Dissertation

Of 5,000 words, under the guidance of a person with the stipulated qualification

•Hands-on computer training – 100 hours

Those who possess recognised computer qualifications would be exempted from this part.

•Modular training for 15 working days, arranged by the institute

•Audit or industrial training for 12 Months

Law

 

The very foundation of our democratic system is the rule of law. The function of defining and maintaining the rights and responsibilities of individuals and institutions, with fairness and justice falls in the domain of law. There are numerous avenues for those who are qualified in law. They can work as lawyers, solicitors, judges, notaries, legal officers in government, legal advisers, legal editors, and commissioned officers in the Judge Advocate General’s Department of the army.

The legal profession has specialists who deal with specific laws – civil, criminal, taxation, company, constitutional, labour and so on.

LLB, the first degree, can be acquired after Plus Two by undergoing a five-year course in a law college. Graduates in any discipline can however finish the LLB programme in three years. After LLB, one can go for LLM in subjects such as international law, constitutional law, mercantile law, criminal law, administrative law, business law, and human rights law.

In order to ensure excellence in legal education, a few States have set up Law Universities in places such as Bangalore, Kolkata, Hyderabad, Jodhpur, Bhopal, Gandhinagar, Raipur, Chennai, Patna, Lucknow, Patiala, and Kochi. Some of these universities select candidates for the first degree based on the Common Law Admission Test (CLAT). Some of these universities conduct not only the 5-year BA, LLB(Honours) and 2-year LLM programmes, but M.Phil., Ph.D., and LLD programmes.

Despite the diverse merits of the legal profession, one disadvantage commonly pointed out is that there is a long gestation period for the evolution of a lawyer who can practise independently. But those who work with persistence and dedication do scale great heights.

The legal fraternity has a vital role to play in ensuring equity and fairness in society. It is a matter of pride and prestige to be part of the legal system.

Guidanceplus archives: http:/ www.hindu.com/

thehindu/nic/0051

Filed under: Career Corner, , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Live updates

Library@KV Pattom

Dear Visitor,

This is the official Blog of Library @ Kendriya Vidyalaya Pattom, launched in September 2007. Explore the site, you will get a complete picture of all offline and online resources available and services provided by the Library. Here is a friend, who will help you to find, evaluate and use the right information at right time.

You are the Visitor, Number

  • 5,097,958

5 Million Hits and counting..

Thank you all for making this blog a great success.

Upcoming Events

No upcoming events

KVS Innovations and Experimentations Award 2010

"Library Junction" won the KVS Innovations and Experimentation Award 2010.

All India Competition on Innovative Practices and Experiments in Education for Schools and Teacher Education Institutions 2010-’11

Library Junction won the "All India Competition on Innovative Practices and Experiments in Education for Schools and Teacher Education Institutions 2010-'11" conducted by NCERT.

Visit your Library

Browse Books and Periodicals. Read Newspapers. Pick a New Book from the 'New Arrivals' rack. Search the Internet and the OPAC. Refer for assignments and projects. Suggest a book. Ask a question.Write your comments. And more...Visit the Library Today itself. You are most welcome.

Telephone Reference

+91 9447699724 (Librarian)

E-mail Reference

mail your reference questions to librarykvpattom@gmail.com

Ask the Librarian

“Billion beats:the pulse of India”

The fortnightly e-paper uplinked to www.abdulkalam.com. To visit click the link "E-paper" on Web directory

Website of the Week

http://www.bbc.co.uk/ahistoryoftheworld/

Archives

RSS This day in History

  • Pompey defeated by Julius Caesar at the Battle of Pharsalus: 9 August 48 - This Day in History
    During the Roman Civil War of 49–45 , Julius Caesar's troops on this day in 48 decisively defeated the army of Pompey at the Battle of Pharsalus, causing Pompey to flee to Egypt, where he was subsequently murdered.More Events on this day:1945: The second atomic bomb dropped on Japan by the United States in World War II struck the city of Nagasaki.1 […]
  • Amedeo Avogadro: Biography of the Day
    Amedeo AvogadroBorn this day in 1776, Amedeo Avogadro of Italy showed that, under controlled conditions of temperature and pressure, equal volumes of gases contain an equal number of molecules—what became known as Avogadro's law.
  • Concise Encyclopedia Book and CD-ROM: Special Price from The Britannica Store
    For RSS subscribers The Britannica Store presents a special 20% discount on the Concise Encyclopedia and free CD-ROM. This thoroughly revised and expanded edition of Britannica's most popular publication worldwide is a one-volume encyclopedia containing 28,000 articles accompanied by colorful photographs, diagrams, maps, and flags. The Britannica Concis […]

Recommendations

Library Bookmark

Be a Fan of Library on Facebook

e-reading hub @ Your Library

Face a Book Challenge

RSS KV News Digest

  • An error has occurred; the feed is probably down. Try again later.

Reader of the Month (September 2016)

Sruthi S., VII A

Learn anything freely with Khan Academy Library of Content

A free, world-class education for anyone, anywhere.

Interactive challenges, assessments, and videos, on any topic of your interest.

It’s My Library: Share your Bookfies, Libfies and all Library Stories

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 5,664 other followers

Face a Book: The Reading Challenge

InfoLit India: Information Literacy Project for Young Learners

Subscribe SMS updates

Send: ON Library_KVPattom to 9870807070

‘School Libraries Rocks’ ; International Bookmark Exchange Programme 2015, with Croatia

Twitter Updates

CBSE Toll Free Tele/Online Helpline

Students can call 1800-11-7002 from any part of the country. The operators will answer general queries and also connect them to the counselors for psychological counseling. On-line counseling on: director.edusat@rediffmail.com, mcsharma2007@rediffmail.com

Child Line (1098)

CHILDLINE 1098 service is a 24 hour free emergency phone outreach service for children in need of care and protection.

Population Stabilization in India Toll Free Helpline

Dial 1800-11-6555 for expert advice on reproductive, maternal and child health; adolescent and sexual health; and family planning.

Quick Answers

CONTACT

S.L.Faisal, Librarian, Kendriya Vidyalaya (Shift-I) Pattom, Thiruvananthapuram-695 004, Kerala, India. Mail: librarykvpattom at gmail.com
%d bloggers like this: