Accounting Career Scope: Jobs, Placements, Salary 2024, Top Recruiters
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Accounting career in India offers diverse opportunities across various sectors. With the country's rapid economic growth, the demand for skilled Accounting has surged, encompassing roles in auditing, taxation, financial management, and consulting.
Accounting career provides various job opportunities such as Accountants, Senior Accountants, Chief Revenue Officers, Financial Analysts, etc. The Accounting salary offered at entry-level positions ranges between INR 2 to 4 LPA, for mid-level profiles INR 4 to 7 LPA and for senior-level profiles INR 7 to 12 LPA.
Accounting graduates can either go for jobs or choose to pursue further options such as CA, CS, CPA, CFA, MBA in Finance, CMA, Diploma in Taxation, etc. The top recruiters where candidates can kickstart their Accounting career are KPMG, Deloitte, ICICI, HDFC, Mahindra, Reliance, and so on.
- Accounting Career: Quick Facts
- Salary of an Accountant in India
- 2.1 Average Annual Salary of an Accountant in India
- 2.2 Specialisation-Wise Salary of an Accountant in India
- 2.3 Experience-Wise Salary in Accounting
- Top Career Profiles in Accounting Career
- Emerging Trends in Accounting
- Accounting Scope in India: Jobs, Salary and Further Education
- 5.1 Competitive Exams After Accounting
- Accountant Scope in India: Jobs, Salary, and Further Education
- 6.1 Courses after Accounting
- 6.2 Accounting Top Recruiters
- Best Accounting Colleges for Placements
- Accounting Career FAQs
Accounting Career: Quick Facts
- According to a survey report by ACCA, 96% of Indian companies are planning to hire Finance or Accounting staff in 2024, indicating a strong demand for Accounting professionals among Indian employers.
- In India, Accounting professionals can work in public and private enterprises, government agencies, and multinational corporations, or start their own practices.
- The interest in hiring professional Accountants among Indian firms exceeds the global average of 83%, showcasing the growth potential of India’s job market.
Helpful Links for Accounting Career:
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Salary of an Accountant in India
In the accounting sector in India Chartered Accountants (CAs) and Certified Public Accountants (CPAs) generally command higher salaries. However, the earning potential can vary from specialisation to specialisation and company to company. Look at the section below to understand about the salaries of Accountants on various levels:
Average Annual Salary of an Accountant in India
The salaries of Accountants in governement sector for freshers is higher than the ones working in private sector. However, with experience amd skills freshers in private sector can scale up their salary more than the government ones.
Sector | Salary Range |
---|---|
Government | INR 3 - 12 LPA |
Private | INR 2 - 12+ LPA |
Note: The average salary has been taken from various sources, and may vary.
Specialisation-Wise Salary of an Accountant in India
In India, a specialization within accounting can significantly impact an accountant's salary, with the highest paying specializations typically being Chartered Accountant (CA), Cost Accountant, Tax Accountant, Forensic Accountant, and Management Accountant; with CAs generally commanding the highest salaries due to their comprehensive skillset and high demand in the market.
Specialization | Accountants Salaries |
---|---|
Chartered Accountancy (CA) | INR 3-7 Lakhs |
Cost Accountancy (ICWA) | INR 2.5-6 Lakhs |
Company Secretary (CS) | INR 2-5 Lakhs |
Financial Accounting | INR 2-4 Lakhs |
Management Accounting | INR 3-6 Lakhs |
Taxation | INR 3-5 Lakhs |
Auditing | INR 2.5-5 Lakhs |
Forensic Accounting | INR 4-7 Lakhs |
Financial Analysis | INR 3-6 Lakhs |
Note: The average salary has been taken from various sources, and may vary.
Experience-Wise Salary in Accounting
Check out the salary based on the experience and skills for accountants, Monthly as well as Annually:
Experience Level | Average Monthly Salary Range (INR) |
Average Annual Salary Range (INR)
|
---|---|---|
Freshers (0-1 year) | INR 20,000 - INR 30,000 |
INR 2.4 Lakhs - INR 3.6 Lakhs
|
1-3 Years | INR 30,000 - INR 45,000 |
INR 3.6 Lakhs - INR 5.4 Lakhs
|
3-5 Years | INR 40,000 - INR 60,000 |
INR 4.8 Lakhs - INR 7.2 Lakhs
|
5-10 Years | INR 50,000 - INR 80,000 |
INR 6.0 Lakhs - INR 9.6 Lakhs
|
10+ Years | INR 70,000 - INR 1 Lakh+ |
INR 8.4 Lakhs - INR 12.0 Lakhs+ 1
|
Note: The average salary has been taken from various sources, and may vary.
Top Career Profiles in Accounting Career
The evolving Financial regulations and adoption of global accounting standards further enhance the scope and relevance of this profession, making it a lucrative and fulfilling career choice.
Candidates can check the popular job profiles Accountant course graduates can opt for in the table below:
Job Profiles |
Description |
Average Salary |
---|---|---|
Accountants |
Accountants play a crucial role in ensuring the financial health and compliance of businesses by meticulously analyzing, reporting, and managing financial records. |
INR 3.3 LPA |
Senior Accountants |
Senior Accountants are responsible for overseeing the financial activities of a company, ensuring accuracy in financial reporting, and providing strategic insights to support business decisions. |
INR 5.3 LPA |
Chief Revenue Officers |
Chief Revenue Officers are responsible for driving revenue growth, overseeing sales and marketing strategies, and ensuring alignment across all revenue-generating departments within an organization. |
INR 75 LPA |
Financial Analysts |
Financial Analysts evaluate financial data, conduct market research, and create forecasts to help businesses make informed investment decisions and develop strategies for financial growth. |
INR 6 LPA |
Tax Policy Analysts |
Tax Policy Analysts evaluate and develop tax policies, analyze their economic impacts, and provide recommendations to government bodies and organizations to ensure effective and equitable taxation systems. |
INR 5.7 LPA |
Note: The average salary has been taken from Ambitionbox.com.
Accounting Career Useful Links:
Emerging Trends in Accounting
Emerging trends in accounting reflect the evolving landscape of business, technology, regulations, and global economic shifts.
Here are some key trends that are currently shaping the field of accounting:
- Technology and Automation: The integration of advanced technologies such as artificial intelligence (AI), machine learning, robotic process automation (RPA), and blockchain is revolutionizing accounting processes.
- Data Analytics and Business Intelligence: There's a growing emphasis on leveraging big data and analytics tools to derive meaningful insights from financial data.
- Cloud Computing: Cloud-based accounting software platforms are becoming mainstream, offering real-time access to financial data, improved collaboration among stakeholders, scalability, and enhanced security features.
- Regulatory Changes and Compliance: The regulatory landscape is constantly evolving, with new accounting standards, tax laws, and reporting requirements being introduced globally.
Suggested Accounting Career readings:
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Accounting Scope in India: Jobs, Salary and Further Education
Accounting is the profession, as well as a process of recording, comparing, analysing, summarising, and reporting financial transactions. The Accountants, are professionals who are responsible for these tasks. In simple words, Accounting is an organised way to keep records of business and financial transactions and accountants prepare and organise these financial and tax documents.
Accounting students get a variety of specialities to choose from, the four majors being Public Accounting, Management Accounting, Governmental Accounting, and Internal Auditing.
The variety of specialities offers a large scope and opens opportunities for candidates in the following industries:
Key Industries |
Details |
---|---|
Finance Industries |
There are various lucrative job roles in this industry for both fresher as well as experienced accountants with the responsibility for financial audits, bank statement reconciliation and ensuring accurate financial records. |
Insurance |
Assistant Manager, Associate, Executive, Sr. Executive, etc are the accountant’s position in this industry that shoulders a lot of responsibilities. |
Banking Sector |
Bank accountants are responsible for overseeing daily transactions to balance books at the end of the day. |
Corporate Sector |
Accountants in this sector mainly specialise in business and are responsible for preparing financial documents, monthly budgets, managing cash flow, expenditure, etc. |
E-Commerce |
E-Commerce performs a range of tasks for the e-commerce business. It includes gathering, organising, evaluating, and reporting a business’s financial data. |
Relevant Links for Accounting Career:
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Competitive Exams After Accounting
Once the Accounting degree is pursued, there are several competitive exams that candidates can consider depending on their career goals.
Here are some prominent ones:
- RBI Grade B Officer
- SBI PO
- SBI Clerk
- IBPS Clerk
- IBPS PO
- LIC AAO
- UPSC CSE | IAS Exam
- SSC CGL exam
- RRB NTPC
Accountant Scope in India: Jobs, Salary, and Further Education
In the upcoming future, the accounting and financial services sector is expected to grow by 5% till 2032. Hence, with the scope of accounting briskly expanding, this growth is set to create high-paying roles, ensure job stability, and unlock diverse global career opportunities.
Below are some of the industries where Accountants can find job, along with their description and job roles:
Industry/Sector | Description | Job Roles |
---|---|---|
Finance & Banking | Offers a wide range of financial services, including lending, investments, and insurance. |
Financial Analyst, Credit Analyst, Investment Banker, Loan Officer, Risk Manager
|
Manufacturing | Involves the production of goods, from raw materials to finished products. |
Cost Accountant, Inventory Controller, Production Accountant, Financial Controller
|
IT & Technology | Focuses on the development, implementation, and support of computer-based systems and software. |
IT Auditor, Revenue Accountant, Financial Analyst, Technology Consultant
|
Healthcare | Provides medical services and healthcare facilities to individuals and communities. |
Healthcare Accountant, Revenue Cycle Manager, Financial Analyst, Budget Analyst
|
Retail | Involves the sale of goods and services directly to consumers. |
Retail Accountant, Inventory Controller, Financial Analyst, Merchandising Analyst
|
Education | Provides educational services and programs to students at all levels. |
Accountant, Financial Aid Officer, Budget Analyst, Controller
|
Government | Includes various government departments and agencies at the federal, state, and local levels. |
Government Accountant, Auditor, Budget Analyst, Tax Officer
|
Non-Profit | Organizations that operate for charitable or social purposes, not for profit. |
Accountant, Grants Manager, Financial Analyst, Development Officer
|
Consulting | Provides expert advice and guidance to businesses and organizations on a wide range of issues. |
Management Consultant, Financial Consultant, Tax Consultant, IT Consultant
|
E-commerce | Involves the buying and selling of goods and services over the internet. |
E-commerce Accountant, Financial Analyst, Revenue Analyst, Fraud Analyst
|
Courses after Accounting
There is a steady yet assured growth of an accountant over the progression of their career and the highest growth can be seen during the middle to late career period.
However, if a candidate wishes to pursue other courses after Accounting, they can check the table below for the details:
Courses |
Duration |
---|---|
Chartered Accountancy (CA) |
5 years |
Company Secretary (CS) |
3-5 years |
Certified Public Accountant (CPA) |
12-18 months |
2 years |
|
Cost and Management Accounting (CMA) |
3 years |
MBA in Finance |
2 years |
Diploma in Taxation |
1 year |
Suggested Readings for Accounting Career:
Accounting Top Recruiters
Large corporations across various industries, financial institutions, government agencies, and nonprofit organisations also recruit Accounting talent. These recruiters seek candidates with strong technical skills, professional certifications (such as CPA or ACCA), and capabilities in emerging areas such as data analytics and technology-driven accounting solutions.
Candidates can check the table below to see the list of top Accounting recruiters in India
Top Accounting Recruiters |
|
---|---|
PricewaterhouseCoopers |
KPMG |
Deloitte |
ERNST & Young |
Grant Thorton |
Maxim Liberty |
Capactix Business Solutions |
Shoolin Consultancy |
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Successful candidates often possess a blend of technical expertise, critical thinking abilities, and a commitment to upholding ethical financial reporting and compliance standards.
These are the skills recruiters look for in a fresh candidate whenever they come for recruitment purposes.
Candidates can check the table below listing out popular colleges offering the highest median salary to candidates after the Accounting course.
Accounting Colleges |
Median Salary |
---|---|
33.6 LPA |
|
30 LPA |
|
26.7 LPA |
|
18.08 LPA |
|
14.8 LP |
|
14.7 LPA |
|
14.02 LPA |
|
10 LPA |
|
9.22 LPA |
Note: This information is sourced from the official website/ media reports/NIRF website and may vary.
Accounting Career FAQs
Q. Is Accounting a good career?
A. Yes, an Accounting career can be a highly rewarding career for those with a knack for numbers and meticulous attention to detail. An Accounting career offers stability, as every organization requires accounting professionals to manage finances and ensure compliance with regulations.
Additionally, the field provides opportunities for career advancement and specialization, such as in auditing, tax accounting, or financial analysis.
Q. What is Accounting as a career?
A. Accounting as a career involves the systematic recording, analyzing, interpreting, and summarizing of financial transactions of an organization. Accountants play a crucial role in ensuring the accuracy of financial records and compliance with laws and regulations.
They prepare financial statements, assess financial operations, and provide insights to management for making informed business decisions.
Q. How much does CA earn per month?
A. The earnings of Chartered Accountants (CAs) in India can vary widely depending on factors such as experience, location, size of the firm or organization, and specific industry.
Here's a general overview based on different levels of experience:
- Entry-level: INR 30,000 - 50,000
- Mid-Level: INR 50,000 - INR 1 Lakh
- Senior-Level: INR 1 Lakh - INR 1.5 Lakh
Q. Who earns more, CA or CPA?
A. The average salary of a CA is INR 11.5 LPA, while that of a CPA is INR 6 LPA.
The earnings of Chartered Accountants (CAs) and Certified Public Accountants (CPAs) can vary based on several factors including geographical location, level of experience, industry, and specific job responsibilities.
Q. Do Accountants use Excel?
A. Yes, Accountants frequently utilize Excel as a fundamental tool in their daily work. Excel's versatility allows accountants to perform a wide range of tasks efficiently, including financial analysis, budgeting, forecasting, creating financial models, and preparing various financial statements such as balance sheets, income statements, and cash flow statements.
Q. What is the highest Accounting position?
A. The Chief Financial Officer is the highest Accounting position.
The Chief Financial Officer (CFO) holds a critical role within an organization, overseeing its financial operations and strategy. Reporting directly to the CEO or board of directors, the CFO's responsibilities encompass a wide array of financial management tasks. These include financial planning and analysis, risk management, financial reporting and compliance, strategic planning, and capital allocation.
Q. What are the pros and cons of a career in Accounting?
A. Here are some pros and cons of a career in Accounting:
Pros:
- Job Stability: Accounting is a fundamental function in all organizations, ensuring ongoing demand for accounting professionals.
- Career Opportunities: There are diverse career paths within accounting, including auditing, tax accounting, management accounting, and financial analysis, offering opportunities for specialization and advancement.
- Competitive Salary: Accountants often earn competitive salaries, particularly as they gain experience and professional certifications.
- Skills Development: Accounting develops strong analytical, numerical, and problem-solving skills, which are transferable to various industries.
Cons:
- Long Hours: Especially during busy periods like tax season or financial reporting periods, accountants may need to work long hours to meet deadlines.
- High Pressure: Accuracy and attention to detail are critical in accounting, leading to high-pressure situations where errors can have significant consequences.
- Continual Learning: Accounting standards and regulations frequently evolve, requiring ongoing professional development and staying updated with changes.
- Routine Tasks: Some aspects of accounting involve repetitive tasks, which may become monotonous over time.
- Client Demands: For accountants in public practice, managing client expectations and demands can be challenging.
Q. What skills are essential for a successful career in Accounting?
A. Several skills are essential for a successful career in Accounting such as :
- Technical Accounting Knowledge
- Analytical Skills
- Attention to Detail
- Problem-Solving Skills
- Ethical Judgment
- Communication Skills
- IT Proficiency
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News & Updates
Student Forum
Answered 14 hours ago
Visit CBSE website for pyqs of accounts and even for sample paper visit CBSE academic website also you can take pyqs books of accounts of educart, oswal etc.
P
Contributor-Level 6
Answered 2 days ago
While the best field is relative and depends on the professional's aspiration for career pursuits, 'internal audit' is one of the most popular audit fields amongst professional. The reason behind internal audit being one of the top choices is that the professional gets to learn the details about com
J
Contributor-Level 10
Answered 2 days ago
As per the Section 141 of India Code, a person is eligible for the appointment as an auditor of the company. Do note that the professional is eligible only if she/he is a chartered accountant provided that a firm whereof the majority of the partners practicing in India are qualified for appointment
J
Contributor-Level 10
Answered 2 days ago
A statutory audit is required by the law. This is a legally required review of company or government's financial records. The aim of statutory audit is to make sure that financial statements are accurate and fair. Also, statutory audits ensure that regulatory standards are being followed by the orga
J
Contributor-Level 10
Answered 2 days ago
Audit report is a type of financial document that summarizes the financial performance of the company. An independent author prepares an audit report which includes the unbiased review of the company's financial performance. An audit report consists of the liabilities and assets of the company. The
J
Contributor-Level 10
Answered 2 days ago
Internal audit refers to the independent review of the operations, processes and systems of the company. This service helps the organisation in improving their performance and thus, achieve their goals. Those who are involved in internal auditing need to ensure that the company is following laws, re
J
Contributor-Level 10
Answered 6 days ago
Hi, Commerce students are required to have strong Mathematical, Analytical and Communication skills. Mathematical abilities will enable them to calculate numbers and handle data required in accounting and calculations, while the ability to analyse data is equally essential for professions in busines
A
Contributor-Level 10
Answered a week ago
The University of Essex's Accounting programme provides students with a solid grasp of the financial factors supporting corporate leadership, strategy, planning, governance, and ethics. The programme revolves around management and financial accounting. During the undergraduate degree from Essex in A
J
Contributor-Level 6
Answered 2 weeks ago
To access the ICSI CS Executive or CS Professional enrollment form, admit card or results, candidates must enter the ICSI login details. Aspirants must enter the ICSI registration number and examination roll number to access the services provided by ICSI. The login details are created at the time of
N
Beginner-Level 3
Answered 2 weeks ago
The Institute of Company Secretaries of India will declare the CS Executive and CS Professional December 2024 examination toppers soon after the declaration of results. ICSI will declare the CS Executive Dec 2024 result and CS Professional Dec 2024 result on February 25, 2025 at 2 PM and 11 AM resp
M
Beginner-Level 3
Answered 2 weeks ago
ICSI prescribes the CS Executive syllabus.Earlier, ICSI introduced CS Executive new syllabus 2022. Refer to the table below to know the latest CS Executive syllabus:
Group 1
Paper Number | Subjects | Marks |
---|---|---|
1 | Jurisprudence, Interpretation & General Laws | 100 |
2 | Company Law & Practice Part I – Company Law – Principles and Concepts | 60 |
Part II – Company Administration & Meetings | 40 | |
3 | Setting Up of Business, Industrial & Labour Laws Part I – Setting Up of Business | 60 |
Part II – Industrial & Labour Laws | 40 | |
4 | Corporate Accounting and Financial Management Part I – Corporate Accounting | 60 |
Part II – Financial Management | 40 |
Group 2
Paper Number | Subjects | Marks |
---|---|---|
5 | Capital Market & Securities Laws Part I – Capital Market | 40 |
Part II – Securities Laws | 60 | |
6 | Economic, Commercial and Intellectual Property Laws Part I – Economic & Commercial Laws | 60 |
Part II – Intellectual Property Laws | 40 | |
7 | Tax Laws & Practice Part I - Direct Tax | 60 |
Part II - Indirect Tax | 40 |
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Beginner-Level 3
Answered 2 weeks ago
ICSI will issue the CS Executive scorecard Dec 2024 in online mode only. Candidates who appeared for the CS Executive December 2024 examination must download the scorecard online when released. To download the ICSI scorecard for CS Executive Dec 2024 candidates must enter the CS Executive roll numbe
N
Beginner-Level 4
Answered 2 weeks ago
The Institute of Company Secretaries of India will announce the CS Executive result December 2024 on February 25, 2025. Candidates who appeared for the December 2024 examination will be able to download the scorecard online. ICSI will activate the CS Executive December 2024 result download link at
S
Beginner-Level 3
Answered 2 weeks ago
The Institute of Company Secretaries of India will announce the CS Executive result June 2025 on August 25, 2025. Candidates appearing for the upcoming June 2025 examination will be able to download the scorecard online. ICSI will activate the CS Executive June 2025 result download link at 2 Pm on
K
Beginner-Level 3
Answered 2 weeks ago
The Institute of Company Secretaries of India will declare the CS Executive December 2024 result on the following official links:
- icsi.edu
- icsi.examresults.net
ICSI will declare the CS Executive result December 2024 on February 25, 2025 at 2 PM. Candidates who appeared for the December 2024 session ex
Answered 2 weeks ago
1. YouTube Channels
There are several YouTube channels that provide free video tutorials, live sessions, and exam tips for CS Executive Module 1. Some notable channels include:
- Study at Home with CS: Offers video lectures and guidance for various CS modules, including Module 1.
- CS Executive Videos: Foc
G
Contributor-Level 7
Answered 3 weeks ago
CA Foundation exams for May 2025 session will be held from May 15 to May 21, 2025. Check the full schedule below:
CA Foundation Events | CA Exam Dates May 2025 |
---|---|
CA Exam registration May 2025 | 01-Mar-2025 |
CA Exam May 2025 registration last date | 14-Mar-2025 |
CA Exam May 2025 registration last date (late fee) | 17-Mar-2025 |
CA Exam May 2025 form correction | 18-Mar-2025 to 20-Mar-2025 |
CA Foundation Exam Dates May 2025 | 15-May-2025 17-May-2025 19-May-2025 21-May-2025 |
E
Beginner-Level 3
Answered 3 weeks ago
The ICAI offers a Post Qualification Diploma in International Taxation online for its members. The course includes topics like model tax conventions, transfer pricing, and international tax principles.
Fees: INR 15,000
Duration: 42 days (4:00 PM–6:30 PM sessions)
Eligibility: Open to ICAI members
Certif
D
Contributor-Level 8
Answered 4 weeks ago
The eligibility criteria for Company Secretary (CS) course are given below in detail:
1. Foundation Level:
- You must have passed Class 12 from any stream (Arts, Commerce, or Science), from a recognised board.
- There is no speciic demand for subjects or age limits.
2. Executive Level:
- You must have comple
N
Beginner-Level 5
Answered a month ago
You can find centre based on your preference while booking the exam. CMA exam offers different centres while booking the exam as the candidate should select according to their choices.
The examination centre in Nellore are typically provided on the exam entry card of each candidate prior to the exam
V
Beginner-Level 5
Answered a month ago
You can refer to the following resources to find practice papers for those chapters: Textbooks and Study Guides: Your course material should have end-of-chapter exercises or practice papers. Online Educational Platforms: Websites that offer practice papers and solutions for accounting subjects. Prev
P
Contributor-Level 7
Answered a month ago
Every semester at Kalasalingam University, the BCom in Professional Accounting programme includes core subjects. Students enrolled in the BCom programme must complete the required core subjects in order to earn university-mandated credits. The names of the core subjects are- Financial Accounting - I
R
Contributor-Level 8
Answered a month ago
Yes, ICSI has released the ICSI CS Executive June 2025 timetable. Candidates appearing for the CS Executive June 2025 examination can now check the complete schedule. CS Executive June 2025 exam will commence from June 01, 2025 in offline mode. ICSI is yet to release the ICSI CS Executive December
N
Beginner-Level 3
Answered a month ago
If you want to do Company Secretary (CS) with BBA LLB and are looking for a college that is not too stringent, then you should look at private universities or colleges. Like- Modern School of Law, Amity University, or Sharda University. These institutions can be good options as they have flexible ti
S
Contributor-Level 6
Answered a month ago
Pursuing CMA Intermediate and an MBA simultaneously is feasible but challenging due to the time and effort both programs demand. CMA focuses on technical financial and accounting skills, while an MBA develops managerial and strategic competencies. Together, they enhance career prospects, especially
Answered 2 months ago
Yes, Christ University offers a B.Com (Professional) program, which integrates opportunities for professional courses like the Company Secretary (CS) program. This course is tailored to enhance students' prospects in pursuing professional certifications while completing their undergraduate studies.
S
Beginner-Level 1
Answered 2 months ago
- School Resources:
- Teachers: Your school teachers are an excellent source for practice papers, previous year papers used in school, and their own prepared tests.
- School Library: Some school libraries keep a collection of previous years' papers.
- Coaching Centers:
- Materials: If you attend a coaching cente
K
Contributor-Level 7
Answered 2 months ago
Technically, the interested candidate should start preparing for it in class 12th. We all know that it is one of the toughest exams to crack. First of all know about the syllabus in detail, prepare a study plan. Start with Aptitude.
Please try to appear for as many practice test as possible.
Answered 2 months ago
Yes, you can qualify to take the CPA exam if you have an accounting degree from San Francisco State University (SFSU):
Undergraduate program
The accounting programme at SFSU offers courses that prepare students for professional certifications like the CPA. Students should consult an accounting adviso
S
Contributor-Level 8
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