After passing 10th standard you need to start thinking about the career path you want to take. You should find out what qualifications are required if you have a particular career in mind. Broadly speaking, there are three routes open to you depending on your interests namely commerce, science or arts.
The commerce stream after completion of class 10 is quite a popular choice in India, as most students feel that the stream offers them a wide arena of career options, that would bring them both success as well as financial security. Class 11 and 12 are the stepping stone on the road to degree level programs in commerce. Both are also the pathway to a professional qualification in accountancy from one of the three major accountancy bodies in India. Some students say that HSCs are harder than most degrees programs as they prepare you for higher education.
Class 11 and 12 syllabus introduces the principles of financial accounting, and will allow learners to demonstrate technical proficiency in the use of double-entry techniques, including the preparation of basic financial statements for sole traders, partnerships and companies. The main subjects that are taught in the Commerce stream in Class 11 and 12 include Accountancy, Economics and Business Studies.
Commerce students also have a variety of professional programs that can shape their academic and professional future. There are several professional programs that are available to the students after the completion of Class 12 commerce. The key among them are Chartered Accountancy, Company Secretary and Cost & Management Accountant.
Professional programs in accountancy and finance provide you with knowledge of accountancy practices, commerce, industry and finance as well as developing a range of subject-specific and technical skills. The curriculum comprises subjects such as Financial Reporting, Strategic Financial Management, Advanced Auditing, Advanced Management Accounting, Tax Laws and an experience component that will give you the skills to stand out in the real world.
From startup ventures to nonprofits to multinational corporations, organizations depend on the skills of people who undergo strict licensing and educational requirements to earn their professional degrees. As the business environment grows in complexity, so does the demand for these trusted advisers and their trusted credentials. As a chartered accountant you'll give advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, or accounting systems and processes.
Commerce students can pursue a host of degree level programmes after the completion of their Class 12 high school education. Most of the students pursue bachelor's degree programs like Bachelor of Commerce (B.Com.), Bachelor of Business Administration (BBA) or Bachelor of Economics (BE).
Degree level programs train students to solve problems, think critically and use creative leadership techniques to succeed in the corporate world. The curriculum covers subjects such as Financial Accounting, Corporate Accounting, Management Accounting, Cost Accounting, Financial Management, Income Tax Law, Indirect Taxes among many other subjects.
Although bachelor's degree is just an inferior degree in the resume of many brilliant commerce students, many other students choose various job options on the basis of acquiring their bachelor's degree only. Graduates of bachelor's degree programs wishing to continue their education often pursue a Masters of Commerce (M.Com) or Master of Business Administration (MBA). MBA is a master's degree that qualifies its holder for leadership positions like CEO, CFO or senior consultant, though such roles typically require substantial work experience as well.