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Friday, July 22, 2011

Why to take HR as specialization while doing MBA? Read more: http://wiki.answers.com/Q/Why_to_take_HR_as_specialization_while_doing_MBA#ixzz1SpJinEjq



Source: http://wiki.answers.com/Q/Why_to_take_HR_as_specialization_while_doing_MBA

With the growing economy and expanding businesses, the role of the Human Resources department in any company has become really important. If you are also looking to pursue a career in the HR field, it would be worthwhile to get an MBA in HR. The MBA program will prepare you for all kinds of roles that come under the HR function. The options are plenty and the HR function is quite a wide one that includes recruiting or hiring, training and development of staff, employee relations and benefits management. People in the HR department of a company are responsible for hiring new people and managing the existing ones. Then, they are required to maintain pay rolls and employee benefits too.

Broadly, HR management can be divided into two key terms- specialist and generalist. As the name suggests, HR specialist focuses on any one domain such as recruiting or training or pay roll, whereas a generalist handles a number of areas and tasks simultaneously without being focused on nay one task. For smaller organizations, there are generally two-three people in the HR department who are generalists and handle all areas pertaining to HR. However, in bigger organizations where there are bigger IT teams, the roles become more specific and there are HR specialists who handle specialized areas. An MBA in HR prepares one for specialized roles. After the MBA, you may start as a generalist but can eventually graduate to specialize in any one function.

The curriculum in an MBA program in Human Resources include subjects that trains on eon the effective supervision and evaluation of staff. It also involves learning about the statistical and tactical management of the business environment. In companies, where manpower is the biggest asset like the services industry, the HR department plays a key role. This is important to manage the staff well and keep the company running on good management of staff. If one pursues an MBA in human resource administration from a good HR MBA college, one can advance in career to work as director of human resource, senior human resource manager, directors of employee relations, regional human resource manager and on more such senior positions. Thus a post graduate degree prepares one for leadership roles for managing the corporate human resources function.

An HR manager helps employees get the requisite training and upgrade their skills. They are also to gauge and estimate the future needs for staff. Thus, a Master of Business Administration in Human Resources help students develop the right traits required for quality leadership and to succeed in this field. The course also builds skill and knowledge sets and provides valuable networking opportunities. The course is generally spread over two years. It includes study of courses such as Organizational Psychology, Performance Appraisal, Organizational Development, Management Applications, Leadership and Teambuilding, International Human Resource Management, and Managing across Cultures. The specific skills that one can aspire to learn during the course include decision making, leadership skills and problem-solving abilities besides basic and advanced business strategies and concepts in everyday business operations.

With the role of the HR department in a company becoming more and more prominent, there is a growing need in the market today for qualified HR professionals. Thus, HR students have immense job opportunities and career choices to make. One could start as an HR Assistant or a Human Resources Clerk or a Recruiter or Training and Development Coordinator or a payroll Specialist or an HR Generalist and with years of experience, go on to become the HR Head of a company.

Another advantage of doing an MBA in HR is that you can join any industry because HR function is common to all industries. Thus, MBA in HR has emerged as the hottest and the most south after course in recent times. It is a lucrative career option and with some extra knowledge about psychology, sociology, leadership, body language, communication skills, teamwork, and deftness in technology, one can safely look forward to make a successful career in the field of Human Resources. With a job in HR, you can look to attain great heights in your career even if you switch industries. A lot of new techniques and innovations are emerging in the HR field theses days that have made this job all the more exciting.



Read more: http://wiki.answers.com/Q/Why_to_take_HR_as_specialization_while_doing_MBA#ixzz1SpJpJH00

Thursday, July 21, 2011

IPCC-CA

Are CA Students allowed to undergo Articleship Training in a Company?

MAY 26, 2011

The Chartered Accountancy course has been designed in such a manner that a Student obtains not only theoretical knowledge but also working knowledge in all aspects related to Chartered Accountancy. To obtain a Chartered Accountant Degree, a student has to mandatorily undergo 3 years of Articleship Training under a Member registered with the Institute.

To increase the exposure a student gets during the Training Period, CA students are allowed to get trained in Company's operating in the Industry. A CA Student can register under a CA working in a Company and continue his Articleship under that CA. This training pursued in a company will form a part of Articleship Training undertaken by the Student.

 Are CA Students allowed to undergo Articleship Training in a Company?

However, Articleship Training can be undertaken only during the last 1 year of Articleship and the period of Articleship Training shall be a minimum of 9 Months and a maximum of 12 Months.

(Please Note: – Although Transfer during the Articleship Period are allowed only during the 1st year and not in the 2nd and 3rd year, a student is allowed to take transfer in the 3rd year for the purpose of Industrial Training only)

Industrial training can be performed in Financial, Commercial, Industrial undertakings with

  1. Minimum Fixed Assets of Rs.1 crore; or
  2. Minimum total turnover of Rs. 10 crore; or
  3. Minimum paid–up share capital of Rs. 50 lakhs; or
  4. Such other institutions or organization as may be approved by the Council from time to time

A Chartered Accountant who has been a member of the Institute for a continuous period of at least 3 years shall be entitled to train 1 Industrial Trainee at a time and a Chartered Accountant who has been a member of the Institute for a period of more than 5 years shall be entitled to train a maximum of 2 Industrial Trainees at a time.

There should be a agreement between the Industrial Trainee and the Company employing such trainee and such agreement shall be submitted to the Institute inForm No. 104. On successful completion of Industrial Trainee, the Company shall issue a Certificate signed by the Chartered Accountant under whom the Training has been undertaken in Form No. 105 and such Certificate shall also be submitted to the Institute.

The list of Companies registered with ICAI is listed below. If a company is not registered but meets the above eligibility criteria you can get the company registered with ICAI and pursue your training in that company.

NORTHERN REGION

http://www.icai.org/resource_file/14470part1_vip.pdf

http://www.icai.org/resource_file/14471part2-tcs.pdf

EASTERN REGION

http://www.icai.org/post.html?post_id=821

WESTERN REGION

http://www.icai.org/resource_file/14643post_819_wirc.xls

SOUTHERN REGION

http://www.icai.org/post.html?post_id=822

CENTRAL REGION

http://www.icai.org/post.html?post_id=817

IPCC-Chartered Accountant

IPCC Faqs

Source: 
http://www.lampsglow.com/login/allp_inner.php?ctrlval=30Q:What is Integrated Professional Competence Course (IPCC)?
Ans:Integrated Professional Competence Course (IPCC) is the first stage of the Chartered Accountancy course in India. In IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is instilled. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and 3 years of practical training after passing Group-I of IPCC. 
Q:What is Study Package?
Ans:A study package is a comprehensive package provided by the Board of Studies comprising of study material of all subjects, revisionary test papers and suggested answers to the questions set in various examinations, information technology training modules and training guide. Apart from the above, Institute also supplies IT Training materials and Orientation Course materials on registration to the courses. 
Q: Shall I get the study materials on the same day on which prescribed registration forms are submitted? 
Ans:Normally, students belonging to Mumbai, Chennai, Kolkata, Kanpur and New Delhi are provided study materials on submission of the application form. Study materials are to be collected in person. For outstation students, study materials are sent by post which takes normal postal delivery time to reach the students. 
Q:Where I can get the list of accredited institutions?
Ans:You can get the accredited institutions list by visiting our website www.icai.org – Students – New Schemes of Education and Training. 
Q:Is there any fee for undergoing oral coaching modules?
Ans:Yes, fee to be charged for different modules of oral coaching will be fixed by the accredited institutions. 
Q: When can an IPCC student start his articled training?
Ans:Under IPCC, articled training starts on passing of Group-I of IPCC.
Q:Under IPCC, articled training starts on passing of Group-I of IPCC.
Ans:Student should pass minimum Group-I or Both groups of IPCC before starting his/ her articled training of 3 years. Please note that student who passes only Second Group cannot start his articled training. The duration of articled training is 3 years for candidates who directly register for IPCC. But for the students who were converted from Professional Competence Course to IPCC it is 3 1?2 years.
Q:What is the entitlement of leave of an articled assistant?
Ans:An articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days. 
Q:What is industrial training? What are the objectives of Industrial training?
Ans:It is a training scheme by which a student can undergo practical training within an approved industrial undertaking having specified amount of fixed assets or turnover or paid–up share capital. The period of such industrial training may range between 9-12 months during the last year of the prescribed period of practical training. Only students of Final chartered accountancy course are eligible for industrial training. 
Q:What is secondment exchange in the context of articleship training?
Ans:In order to expose the trainees at large to multi–disciplinary work variety of business situations, the arrangement of secondment under articleship training is provided by which an articled assistant can work under a different member of the Institute.
Q:What is the eligibility criterion to appear in the Integrated Professional Competence Course (IPCC) Examination? 
Ans:(1) A candidate shall be admitted for the first time to Integrated Professional Competence Course (IPCC) Examination if he: (a) has enrolled for the Integrated Professional Competence Course from the concerned Regional Office; (b) produces a certificate to the effect that he has undergone a study course, for a period not less than nine months as on the first day of the month in which the examination is held; (2) He shall pay such examination fee as may be fixed by the Council. (3) The subjects of IPCC are classified into two groups. Student can study and appear in the examination group-wise or both the groups together. 
Q: What is Information Technology Training (ITT)? When will it commence?
Ans:Under IPCC scheme of Education, Training and Examination students have to undergo ITT during the study course period of IPCC. They have to complete it before commencement of articleship 
Q:Who will conduct this training?
Ans:The 100 Hours ITT training would be provided in the ICAI computer labs located in different parts of the country i.e. in regional offices and branches of the ICAI.
Q:Is there any separate fees for undergoing the IT Training?
Ans:Yes. As of now, a fee of Rs. 4000/- would be charged by the concerned regional office/ accredited branch.
Q:Will the Board of Studies provide any study materials for ITT?
Ans:Yes. The Board of Studies provides a set of study modules along with CDs covering various topics of the ITT which a student should study while undergoing the training. This will be made available along with the study materials. 
Q:Is there any exemption available from ITT to students who convert from PE-II/PCC?
Ans:Students who have already undergone 250 hours Compulsory Computer Training under PE-II course or students who have undergone 100 hours Information Technology Training under PCC are exempted from IT training in IPCC. Intermediate students who have converted/ are now converting to IPCC have to undergo IT training if they have not undergone the same earlier. They need to produce ITT completion certificate at the time of registration of Final course. (For details, please refer to question no. 35 related to relaxation allowed to erstwhile students of PE-II, PCC, Intermediate) 
Q: What is Orientation Programme? Is it compulsory? What are the contents covered in Orientation Programme? 
Ans:Orientation Programme is a programme organized by the Board of Studies to orient students of IPCC to the CA course. It is of about one week's period (consisting of 35 hours) and is compulsory. A student of IPCC needs to undergo this programme before joining the Articled training. In Orientation Programme student are taught minimum basic requirements regarding Office Procedures, Communication Skills, Business Environment, General Commercial Knowledge and Personality development to groom the future member of the Institute. It is conducted at all our regional offices and at almost all branches of the Institute. As of now, fee for the Orientation Programme is Rs. 3000/- which is separate from registration fee for Orientation Programme. 
Q: Is any exemption available to students who passed either of the groups in erstwhile Intermediate/ PEE-II/ PCE and converted for IPCC/ATC? 
Ans:Yes. Candidates who passed earlier either of the group under erstwhile Intermediate under para 2A of schedule B/ PEE-II/ PCE are required to appear and pass the remaining paper under IPCC Unit Scheme as the case may be to pass the Integrated Professional Competence Course (IPCC). 
Q: Whether students who have joined PE-II on the basis of their degree examination, have the option of switching over to IPCC? 
Ans:Students who registered for PE-II on the basis of their graduation/ degree can very well convert to IPCC as per the provisions of the Chartered Accountants Regulations, 1988.