As one graduates from commerce stream after completing his/her B.Com/M.Com, students start thinking of enrolling themselves for the professional courses under the streams like CA ' CS ' CWA or MBA in Finance, CFA etc.
Though today the economy of the country is sounding speculative enough with no clear cut direction, career in commerce stream is still being seen as a “stream of choice” by students, at large.

With the global economy meltdown showing its flavour to all of us, it is being increasingly felt by students to watch for some time and make a second thought before going for a Master Degree in Finance from abroad as that entails a huge capital cost which may not fit in the pay off matrix in short term in student’s way.

This has even proved as a plus for career opportunities available in the country in Finance stream like CA, CS or CWA from respective institutes ICAI / ICSI / ICWAI.

Today, students have been enrolling for these career options as their career of choice as they have been doing in past. With the increasing efforts made by the governing bodies of these respective commerce courses to help the professionals have a better and enlarged market to serve it is being considered as a great move in favour of professionals of tomorrow.

With market speculations suggesting the economy to improve in net 3-5 years the situation of the commerce graduates will see a further upswing which is in all ways is a comfortable zone to be in for them today.

The recentannouncement of rescheduling of CA exams from its scheduled month of May to June this year primarily due to the forthcoming elections is by and large being seen as a BIG RELIEF in the minds of the CA students who have planned to appear for the CA exams this May. The rescheduling includes for levels i.e. CA ' PCC and CA ' Final.

We understand that The Institute of Chartered Accountants of India (ICAI) has been increasingly focusing to deepen the knowledge thrust of the budding Chartered Accountants on one hand and also on other hand ICAI is trying to enable the members of the Institute (Qualified Chartered Accountants) to get recognitions from other allied Institutes of accounting profession of other countries in an easier way.

As part of such an initiative, we understand that ICAI & ICAEW has recently agreed to recognize each other’s degree and Indian Qualified Chartered Accountants would enjoy exemption of papers of ICAEW.

Such a step taken by ICAI and other like accounting bodies further strengthens the profession and also widens the scope of the members of the Institute in terms of exposure for practicing chartered accountants and also in areas of job placements for members not in practice.

This on other hand would also ensure that the students have enough comfort and have the confidence to choose chartered accountancy as their career path. Such flexibilities and enhancements in the options definitely make life easier for students to choose CA as their career path.

We are now moving in an arena of both globalization in economy coupled with globalization in accounting practices. As we move more and more towards building in better transparency in accounting records which is to a larger extent acceptable by different countries having say in the economy of the country, the need to regularly update the knowledge of existing members of the Institute is becoming a necessity. Seminars, classes and other courses are being conducted to help members polish their knowledge base with the current developments so that they could sustain and grow in the competitive and dynamic environment.
                                            
We are also seeing moves being taken by ICAI to regularly update its syllabuses like for example: the recent changes in the courses offered for CA ' Final and CA ' PCC exams to ensure that the students are taught and tested on the recent developments and requirements right from the beginning.

All these measures surely would keep CA as the choice of professionals looking for making their career in accounting profession.
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It’s good to see that The Institute of Chartered Accountant of India (ICAI)has been taking various proactive steps to raise the standards of education of accounting and financial reporting from time to time in keeping with the global trends.
The shifting of focus of the modern accountants from National to International Accounting Standards, ICAI’s recent launch of Accounting Technician course and the ICAI’s plan to slowly and gradually make the residential classes for the students mandatory as and when proper infrastructure takes up shape are few of the major recent developments which has always kept the accounting world quite awake even at this point of time when opinion of the experts on the short to mid term
economy of the nation is a bag of mixed thoughts.

The demand of accountants and finance executives both tier 2 and tier 1 level does not seem to have been blackened out with the recent economy developments. Be it a Chartered Accountant or a MBA ' Finance professional or any other Finance professional working for any organization, every body needs a helping hand to assist in the accounting / auditing / finance oriented work carried out by them on a day to day basis. This has also necessitated that the corporate world gets adequate inflow of tier 2 accounting professionals at all phases of a country’s economy. Hence, be it a B.Com graduate, a semi Qualified CA ' CS ' CWA or a Qualified CA / CS / CWA or any other commerce Professional every one’s role is gaining importance in achieving efficient and optimum working resource within an organization.

Various timely attempts are being made by all the relevant governing bodies monitoring the course of the accounting / finance world to regularly update its course curriculum, syllabus etc to make sure that the students are exposed to the most latest technical knowledge that will help them easily perform to their best in working conditions for which they have been trained during the course.

It has been understood that in line with its efforts to enhance the efficiency in the conduct of examination, ICAI for the first time successfully conducted online Common Proficiency Test (CPT)
on 7th December 2008 (Sunday) in 11 major cities. It has also been understood that the demand for chartered accountants also is on a rise. This is evident from the number of students which enrolled for appearing for the CA entrance exam i.e. CPT held on 14th Dec., 2008.

These initiatives which are being taken by the governing bodies across the country to help the country get better accountants and finance professionals has surely made it really necessary for the entire student community to honor such steps being taken by the front enders by putting their best in the examinations which ultimately would help them to build a Promising career ahead.

Also the increasing enrollments for the CA exams / CS exams/ CWA exams etc and the peer pressure has led not only students be very sincere with their preparation for the exams, but also this necessitates the mentors who act as useful guides for students to be sincere and keep
theirselves updated  with the latest updates / trends and students requirements.

Be it coaching centers, private tuitions or other form of mentors for eg. Eduex (www.eduex.in) providing mock exam solutions to the students of CA ' CS ' CWA course, every one need to respond to the changing course dynamics, curriculum structure etc to their best as they too play a important role in helping the examinees to be confident of their preparation right from the beginning. This could only help achieve better results for students and would at least help students be ready for any kind of surprise as they would be satisfied with their performance levels and would be
looking ahead with more ease.