Chartered Accountancy (CA) and Company Secretary (CS) are popular commerce degrees. These are often the most preferred courses following 12th-grade Commerce. So, if you want to become a CA or a CS, or want to know the better career option, it is necessary to understand the difference between CA vs CS.
So a Company Secretary (CS) advices the company on several facets of taxation and laws, whereas a Chartered Accountant (CA) is responsible for the company’s finances and budgeting. One specializes in Accounting and Finance, while the other specializes in Corporate Law and Governance. Despite the stark differences between the career profiles of both degrees, CA and CS often need clarification.
Knowing the difference between CA and CS is essential if you want to enrol in one of these courses. In this post, we will compare CA and CS and the numerous factors associated with the two areas, like ca vs cs salary, duration, career scope, articleship, etc.
What Is Chartered Accountancy Course?
The Chartered Accountancy course, accredited by ICAI, is among the most recognized and esteemed professions in India and globally. So to become a CA, there are three levels you must clear; after that, a person will be deemed a CA.
The course equips students with Auditing, Accountancy, and Financial Management procedures and abilities that enhance their employment prospects in the Finance and Business industry. Moreover, a Chartered Accountant is a person who assesses Risk Management, keeps accounts, and offers financial advice for the future.
The course demands intensive study and more commitment since the CA Syllabus is vast. If you can pass three levels in a single attempt, you could become a CA within three years. However, only some individuals pass it on the first attempt.
What Is The Company Secretary (CS) Course?
CS is one of the essential parts of a corporation. In addition to handling taxes, a CS ensures that the organization effectively complies with statutory and non-statutory requirements. The ICSI is the governing body of the CS. Further, the course teaches students how to handle legal matters and manage the company’s reputation.
The position of corporate secretary is also an excellent alternative for Commerce and other graduates. In the commercial industry, the public sector, banks, the stock market, law firms, and other financial organizations, CS professionals have vast prospects and opportunities for advancement.
Is CS Easy Than CA?
While the degree of difficulty of both courses will depend on the student’s capability. CA is regarded as more complex than CS. Moreover, CS is more theory-oriented, whereas CA is more math-focused. Now, more difficulty doesn’t indicate that clearing the course isn’t easy. And also, the package offered to a CA is higher than that of a CS. When comparing CA vs CS which has better scope, the answer is CA.
Now, check out the differences between CA vs CS;
CA vs CS: Some Major Differences To Note
|Differences||Chartered Accountancy||Company Secretary|
|Course||The CA course aims to provide students with a comprehensive grasp of accounting and finance.||The CS course offers a thorough overview of corporate governance and business law.|
|Duration||The duration for the CA course is between 4-5 years. Yet, it might extend depending on the number of attempts an individual takes.||The duration for the CA course is between 2-3 years.|
|Salary||The fresher salary is about Rs 8-10 lakhs per annum.||The fresher salary is about Rs 5-6 lakhs per annum.|
|Scope||CA is a professional education that significantly enhances reputation. Even if you do not choose to join a firm, you may establish your individual practice, and this is a major distinction in CA vs CS. Moreover, candidates who are interested in a profession as a CA have more alternatives than students who are interested in a future as a CS. Moreover, they may explore both the public and private sectors, including government organizations, private corporations, banks, law firms, companies, etc.||The ICSI is expanding the reach of CS practitioners worldwide, not only in India. Moreover, candidates seeking a career in CS may investigate several opportunities at multinational businesses. Moreover, they may work in governance, stakeholder meetings, administration, and as directors. Students may also explore working independently as Company Secretaries for many enterprises.|
|Articleship||The Articleship duration is for three years.||The training duration if for 15 months.|
We hope this post has answered your question – CA or CS, which is better? So, both courses offer good salaries, recognition, and career scope. The course selection depends on individual preferences, learning styles, and career goals. To know about the courses in detail, then VSI Jaipur can help you.