Recently it is in news that ICAI and ICWAI has made proposals to Ministry of Corporate to start Accounting Technician Course.
According to ICAI website
The need for a suitably qualified accounting technicians is imminent to ensure that value chain in the accounting process does not suffer. The ICAI has technical resources, infrastructure facilities including its own computer labs throughout the country, and a large membership base in the industry as well as in public practice and is, therefore, most suited to launch the much needed accounting technician curriculum.
Although the details are not clear now, there are news in the press from the office bearers of ICAI.
Dhiraj Khandelwal, Secretary, ICAI (western region) :
Those wanting to join the course will need to appear for the entrance examination similar to the regular CA course. Students who would complete one year articleship and pass one group will be given the certificate of Accounting Technician.
Candidates who could not clear CA finals will just have to appear for 100 hour computer training to get the accounting technician certificate. They will not have to follow the procedures like other students. We are expecting that about one lakh students who could not clear examinations beyond CA inter will now have even better opportunities in the job market,” said ICAI vice president Uttam Agrawal. He added that the institute is expecting to create one lakh accounting technicians as a second rung of skilled manpower to the core accounting professionals in next couple of years.
There is an interesting comparison made by Mohan R Lavi in Hindu Business Newsline on Accounting Technician
The blockbuster growth of Indian accounting software such as Tally has created a separate market for Tally Accountants — a direct threat to the AT. While a B.Com is considered to be only a basic qualification now, an M.Com could also give the proposed ATs a run for their money. Institutes such as the Institute of Certified Financial Analysts of India (ICFAI) which teach students the fundamentals of accounting are possible competitors too.
To me, Accounting Technician course is for those people who have passed 10th
Standard but unable to become a university graduate. With Accounting Technician qualification, they can work in Accountancy firms…. The next progression would to pursue professional accounting qualification like CA or ICWA.
The passouts of Accounting Technician should get exemptions in pursuing CA/ICWA courses. However no word on that.
It looks to be a different story. The officials of ICAI like to promote Accounting Technician qualification to those who are unsuccessful in passing the CA course …. a fall back to become Accounting Technician . They are making a monkey of students pursuing professional qualification. Imagine an analogy… if you are unable to qualify as a doctor, you can become a nurse.
A student pursuing CA qualification will be a university degree holder or becoming a university degree holder and this is better than Accounting Technician Certificate. Why should anyone with a degree devalue himself by gaining an Accounting Technician qualification ?
Accounting Bodies should know whom they want to train as Accounting Technicians. Otherwise it is another way of making money from the exisiting students whose primary aim is to become a professional accountant and not Accounting Technician.
Your thoughts please.
PS: Did you know that University Degrees are favorably considered in immigration and work permit application as compared to CA / ICWA qualification. Recent B.com graduates, if you are considering to work globally, please consider to pursue M.com degree (no matter what people say). You will benefit in the long run.
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