“MSU and Indian Airforce signs MoU to provide Higher Education for IAF fraternity”            “Last Date to submit RFP FOR QUALIFICATION & CURRICULUM DEVELOPMENT has been extended till 15th June 2023.”“Medhavi Skills University signed an MoU with INIFD for the Fashion and Interior designing programmes.”“Medhavi Skills University signed an MoU with The Marriott Westin for the Hospitality & Hotel Management programmes.”“Medhavi Skills University signed an MoU with Critical Care Hospital & Research Institute for Healthcare programmes.”“Medhavi Skills University signed an MoU with The Fern Hotels & Resorts for the Hospitality & Hotel Management programmes.”“Medhavi Skills University signed an MoU with The Institute of Certified Public Accountants (ICPA).”“Medhavi Skills University signed an MoU with Medicity Guwahati Aruna Memorial Hospital for Healthcare programmes.”“Medhavi Skills University signed an MoU with Holiday Inn Express an IHG Hotel for the Diploma in Hospitality & Hotel Operations.”“Admission Open for Work Integrated Programme Session 2022-23.”“Medhavi Skills University signed an MoU with National Skill DevelopmentCorporation (NSDC) to promote long term skill-embedded degree/diploma courses among students who have completed either class 10 or 12.”“Medhavi Skills University signed an MoU with Crowne Plaza and Holiday Inn an IHG Hotel for the 3-Year Degree program in B.Sc. Hospitality & Hotel Management.”“Medhavi Skills University established on 24th June,2021.”“Medhavi Skills University is UGC Recognised.”“Medhavi Skills University signed an MoU with the Tourism & Hospitality Skill Council.”“Medhavi Skills University signed an MoU with the Directorate General Of Training.”“Medhavi Skills University signed an MoU with B4M Entertainment.”“Medhavi Skills University has signed an MoU with the Centre of Excellence in Maritime & Shipbuilding (CEMS), a skill development initiative by the Indian Register of Shipping (IRCLASS) and Sagarmala – Ministry of Ports, Shipping & Waterways.”

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Best Reasons to Choose Professional Accounting As A Career

Professional accounting has a distinctive place among the wonderful career prospects for young minds today. Since accounting is among those careers that open a wide range of job opportunities and possibilities, several students find it a great career option. However, if you are unsure about the benefits of choosing this career at a banking and finance college in Sikkim, then this article might help!

scope of accounting

What Is Professional Accounting?

A field of accounting that has been designated by a legal professional organization for accountants and is run by accountants who specialize in that discipline is known as professional accounting. A few of the major professional accounting disciplines are chartered accountancy, management accountancy and cost accountancy. A professional accounting course in Sikkim is a lucrative career option for students aspiring for a career in banking and finance.

The Importance of Professional Accounting In Business

A qualified professional accountant in business is a vital asset to the organization. The primary role of professional accountants in business lies in guaranteeing the quality of financial reporting. In addition, professional accountants play critical roles in identifying and resolving the particular issues that firms face in areas like corporate governance, risk management, internal control, and accounting, among others. If chosen as a graduation path, students can benefit because the accounting market is estimated to touch $735.94 billion by 2025, according to recent stats.

5 Reasons to Choose Professional Accounting

1. Reputation

Accountants are considered esteemed members of the corporate community. No matter which industry you work in, people will flock to you for advice and will value your opinion when making decisions in business. Not to mention the societal reputation that comes with a degree from a professional accounting college in Sikkim!

2. Skills

Accounting is a job that comes with several challenges. So, to become a good and able accountant, you will get to learn several skills as part of the journey. Some of these include analytic skills, business-running abilities, leadership and communication skills, detail orientation and problem-solving. These skills will guarantee that you become a success in your profession and life in the overall sense.

3. Growth Opportunity

In a professional accounting career, there are opportunities to advance professionally with the scope to learn new things. With improving tech, you would be exposed to newer possibilities and advancements at all times. Being an accountant has various perks, among which is the reality that each new day is different for you.

4. Choice Of Industry

There are so many possibilities and professional paths you can choose, even though your first choice is public accounting. Every business in the world, no matter what the industry, requires accounting support. You could be an accountant, auditor, or chief financial officer, or even work for the government! By choosing a professional accounting course in a B. Com college in Sikkim, the skills you will acquire will become a lifelong asset.

5. Amazing Income

As we already mentioned, accounting is required in every kind of enterprise and other areas like banking. This means that the demand for the best accountants who have completed a professional accounting career is endless. As the demand rises, so does the income! So, you can be sure of a financially secure future by choosing this career path.

Different Job Roles in Accounting

1. Accountant

Accountants are in charge of many different financial-related duties, most of which are connected to creating financial records. These duties frequently involve organizing and maintaining financial records, ensuring accurate statements, calculating taxes and filing tax returns.

2. Auditing Clerk

The major job of an auditing clerk is to verify the accuracy and precise entry of financial and inventory transactions. They must confirm the accuracy of the numbers and calculations related to a business transaction that has been documented by other members of the staff.

3. Bookkeeper

Bookkeepers supervise a company’s financial data and compliance by maintaining relevant records on accounts, payroll, as well as daily financial entries and reconciliations. They carry out daily accounting jobs like recording transactions and adjustments, making general ledger entries, and monthly financial reporting.

4. Financial Analyst

A financial analyst of a company has the sole responsibility of analyzing the overall financial background, past and present financial data of the organization. Their duties include taking care of the company stocks and business ventures, analyzing the return on investment, doing industry research and creating company’s financial reports. Financial analysts generally works at banks, consulting firms, mutual funds, and companies as well.

5. Professional Accounting Associate

Professional accounting associates are responsible for checking the accuracy and completeness of financial documents by studying and analyzing them. A strong understanding of the accounting field and superior analytical and time-management abilities are requirements for a professional accounting associate.

Why Choose MSU For B. Com in Professional Accounting

In short, professional accounting is one of the most promising careers for commerce aspirants. By choosing a B. Com in professional accounting at MSU, the top university in Sikkim, you are open to becoming an accounting expert. The course is extended by the School of Management and Commerce in Sikkim. You can learn and equip yourself with a plethora of skills related to management, banking and finance through this course.