CA is one of India’s most well-known degrees, with a wide range of intriguing employment prospects. Expert knowledge, technical proficiency, professional standards, and accuracy are all attributes of chartered accountants.
After becoming a Chartered Accountant, you will undoubtedly obtain reputation, popularity, and everything else you desire in life. However, there are only a handful of courses that will provide you an advantage over other employees in your company. Following such courses with a Chartered Accountancy degree increases your chances of being appointed to higher positions because you will be qualified to handle many jobs.
So, let’s take a look at some of the courses available to you when you become a Chartered Accountant –
DISA (Diploma in Information System Audit)-
DISA is an ICAI-issued diploma program in system security and auditing. DISA is administered by the ICAI under license from ICASA and only qualified Chartered Accountants are permitted to take the exam. This course is necessary for anybody wishing to perform Bank Audits or Information Systems Audits. DISA is a bit challenging, but it’s necessary if you want to run your own firm and conduct a bank or information systems audit. After CA, DISA is considered the best course.
CISA (Certified Information System Auditor)-
CISA is a world-renowned Information System audit-based course offered by ISACA based in the United States, and it is an ideal alternative for CAs who are unsure what to do after CA. The goal of the training is to help you become the best risk-based information system, auditor. CISA is more valuable than DISA because it is internationally recognized, despite the fact that it is more difficult.
CIA (Certified Internal Auditor) —
The IIA offers a world-renowned course for Internal Audit accreditation (Institute of Internal Auditors). If you want to advance your career as an Internal Auditor after becoming a Chartered Accountant, you should take this course. This course will provide you with a thorough understanding of GAAP (Generally Accepted Accounting Principles) and SOX (Securities and Exchange Commission) (Sarbanes-Oxley Act).
CFA (Chartered Financial Analyst) —
If someone has a strong interest in the financial sector, they can enroll in the CFA Institute’s professional certification course. This globally recognized course teaches how to efficiently manage portfolios while also providing a firm foundation for real-world investment. It requires you to complete four years of practical training.
The Association of Chartered Certified Accountants (ACCA) is a professional organization for accountants.
You’ve probably heard that studying ACCA after obtaining a CA can lead to a variety of international professional options. This is a worldwide recognized course that permits you to practice in more than 180 countries. The Association of Chartered Certified Accountants (ACCA) is a globally recognized group that promotes excellence in accounting and finance. You will study UK GAAP, IFRS, and other international laws in this class.
After passing the CA Final, the ACCA grants you 9 exemptions out of 14 papers, requiring a certified Chartered Accountant to appear in only 5 of them.
Bachelors of Law
If applicants are interested in legal fields, they can pursue the LLB as a career option after obtaining the CA. Candidates must pass a common law admission examination, an all-India law entrance test, and a law school admission test in order to pursue LLB.
FRM (Family Resource Management) (Financial Risk Management)
Candidates must pass both levels of FRM to pursue FRM following CA. The FRM exams are held in the months of May and November. A financial risk manager’s annual pay is roughly 7-8 lakhs.
So these are some of the courses after CA that a chartered Accountant can do according to one’s interest and capability. These courses can give you a successful life and an extra edge over others if you are able to prove your skill and ability.