With the booming Indian economy there has been massive growth in small and medium sized enterprise, to keep up the accounting norms they require accountant with a limited ability to handle their finance and accounting transactions, a person having a practical knowledge to handle the operation.
Most Graduates and post graduates in commerce are required to learn the practical aspects of accounting. Accountants with practical knowledge capable of recording and reporting of financial transactions are very much need. The demand for such second tier accounting personnel is estimated at more than 50000 per annum. In the IT enabled environment, the demand for such personnel is ever growing.
To fulfill the market demand, The Institute of Chartered Accountants of India, the premier accounting institute of the country, is launching a new Accounting Technician course. 12th pass student can join the Accounting Technician Course after passing the entrance examination (Common Proficiency Test) .Thereafter, the student needs to pass 4 papers after undergoing study course for about 9 months with the Board of Studies of the Institute and completing 100 hours of computer training, besides orientation course. To ensure that the students have adequate practical exposure, they will be required to undergo practical training of one year under a Chartered Accountant, whether in industry or in practice, before the Accounting Technician certificate is awarded. With the expertise that the Institute has coupled with a large membership spread across India, the Institute is in a position to impart practical training in live environment. The Accounting Technician produced by the Institute will be the best as a result of high quality education and development of appropriate skills necessary for Accounting Technicians.
In future it is expected to get integrated with CA course, so it will give extra choice for student enrolled in Accounting Technician can switch to continue its CA course.
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