Accountancy is often portrayed as a very boring subject. On the contrary, the knowledge of accounting can help you reach heights. This field provides a plethora of career options. Moreover, in today's world, there is an availability of many online jobs in accounting. Online education has been growing rapidly and it has become the new normal. The impact of online classes can be seen all over India. The growth of online education is prominent as it has been able to reach even the smallest parts of the country.
Accounting is vast. You can become a CPA. You can do auditing. You can pursue Chartered accountancy. You can do BBA, and so much more. Accounting plays a crucial role in the economic aspects of the Country. The future of this field is bright as well, as it is observed that the need for accountants is going to increase in the upcoming years.
It becomes vital to take the right kind of classes to get the appropriate skills. There are various kinds of accounting classes in Kolkata. When it comes to big cities, the availability of resources expands. All kinds of classes, at home, classroom, and online classes become available. You can choose from a variety of options.
However, it is important to make the right decision. The quality of education that you get will affect the quality of services that you will offer as an accountant. You need to be sure of the fact that you learn in a healthy environment. It is also important to learn from skilled and experienced teachers. Accounting classes will help you in having a bright future.
Anyone with the knowledge of accounts can do wonders. Accountancy is a subject that is required everywhere. Every company requires an accountant and hence, this subject can help you in more ways than you can imagine.
This subject has several advantages. The knowledge of accounting will allow you to maintain your business records, prepare your financial statements, compare the results, make informed and correct decisions, and handle the taxes, etc.
Features Of Accountant Jobs
An accountant holds a lot of responsibilities. Maintenance of the financial records, managing taxes, creating tax returns, and focusing on the accuracy of all the statements are a few of the tasks that fall on the shoulders of an accountant. An accountant in India plays a vital role in the country and thus, he has a lot of responsibilities as well. An accountant-
- Helps in the preparation of the financial reports (financial statements and budget statements).
- It makes sure that the financial statements comply with the accepted standards and the rules of accounting.
- Keeps a check of the use of the new policies, standards, and the rules of accounting.
- Gives accurate records, reports, analysis, and other important financial information.
- Keeps confidential and sensitive information.
The Coronavirus disease 2019 or COVID-19 has made the world hit rock bottom and in such times, online education plays a significant role. In such difficult times, online classes have come in handy as the students are able to learn from their homes. With the advancement of technology in India, online education has become easy, and effective. You can learn from teachers all across the world.
Classes for accountancy are available as well. Various skilled and knowledgeable teachers provide classes for educating students in this field.
Various Courses For Becoming An Accountant In India
The knowledge of accounts can never go waste. There is a never-ending demand for individuals with knowledge in the field of accounting. This is because accounting serves as the backbone of the economy of a country. People who practice accountancy and take up accountant jobs are known as accountants.
Accounting is of various types and it can be categorized as-
- Financial accounting
- Management accounting
- Auditing and tax accounting
Many courses and degrees in the field of accounting are available in India. You can take up your course according to your interests and future goals.
- You can do a 1-year Diploma course in Accounting and Finance.
In the case of Bachelor's Degrees:
- You can do B.Com in Accounting and Finance which is a 3 years bachelor's degree.
- You can do B.Com in Accounting and Taxation which is a 3 years bachelor's degree.
- You can do a 3 years degree in Bachelor of Commerce in Accountancy.
In the case of Master's Degrees:
- You can pursue M.Com in Accounting and Finance which is a 2 years master's degree.
- You can take up an MBA in Finance and Accounting which is a 2 years master's degree.
- You can do a Master's in Commerce in Accounting and Auditing which is a 2 years master's degree.
- You can pursue a Post Graduate Diploma in Computer Accounting and Auditing. This is a 1-year course.
In the case of Professional Courses:
- You can become a Chartered Accountant (CA)
- You can become a Certified Public Accountant (CPA)
- You can become a Certified Management Accountant (CMA)
- You can become a part of the Association of Chartered Certified Accountants (ACCA).
Accountancy is a respectable subject and you can opt for any of the above-mentioned courses to have a career in this field. Many prominent colleges and universities in India offer many of these accounting courses. Moreover, online classes and training for these courses are available as well. Some of the esteemed institutions that provide courses in the field of accountancy are:
- Christ College, Bangalore
- Hansraj College, Delhi
- Lady Shri Ram (LSR) College, Delhi
- St. Joseph's, Bangalore
- St. Xavier's College, Mumbai
- Presidency College, Kolkata
Different Types Of Techniques In Cost Accounting In India
Cost accounting is a different branch of accounting. The classification, recording, and the allotment of current, as well as prospective costs, comes under cost accounting in India. Cost accounting is crucial in a business. A cost accountant ensures that the company has minimum financial waste. The job of the cost accountant is to increase the profits of a company. The cost accountants work with the management and work on increasing the profits of the company.
Check for a cost and management accounting course here.
Cost accounting has various techniques. These techniques alleviate the process of making several managerial decisions. The different types of cost accounting techniques are-
In the technique of marginal costing, the management decides the number of units to be created. By considering the variable costs and the additional costs, the management decides whether an increase in the production of the product will lead to profits or not.
In the technique of standard costing, the comparison of predetermined cost and the incurred cost is made. The comparison is made to analyze the cost-effectiveness.
The technique of direct costing, the direct costs for a particular product are charged to it. On the other hand, indirect costs are written in profit and loss.
Historical costing is the technique of the comparison of all the costs that are incurred after a particular task is performed.
The technique of uniform costing involves the use of the same costing practices across certain units in order to make comparisons.
Absorption costing is a technique of full costing. In this method, all the costs are charged to the product.
The scope and importance of cost accounting have increased with time. Effective and efficient courses of cost accounting are available in the market, and you can become a cost accountant by getting an online education. The prospects of cost accounting in a city like Kolkata are very high and hence, the future of a cost accountant will be bright and stable.
Search For Accounting Classes Made Easy
Now that you know about the importance and the benefits of learning accountancy, you must be wondering about getting good accounting classes in a city like Kolkata. COVID-19 has led to an increase in the demand for home tuitions and online classes. This is where Superprof comes in.
Imagine having a platform that has a list of teachers that are available to give you classes. Imagine finding teachers who live around you. Yes, you guessed it right. Superprof provides a platform wherein the students can find teachers with a click of a button.
Getting the right knowledge and information is not a piece of cake. You need to find the right teacher who understands your mind and teaches you in the most effective way. The platform allows teachers to create a profile along with their personal and professional details. You will be required to create an account.
Once done, you can find teachers near you and contact them for further details. Yes, it is that simple and convenient. Learning is made easy, and fun. Moreover, you can compare the teachers by checking their reviews and ratings. No extra or hidden charges will be applied and you can do all of this by just sitting at your home.
To conclude, accountancy is a part of the foundation and the future of any country. The knowledge of this subject is beneficial. Online education has flourished, and Superprof makes the process of finding the right teachers for taking classes easy and fun.