Accountancy is the practice to record and manage financial transactions for a company. The practice also involves preparing financial statements, tax, and conducting audits for being compliant as per financial laws. Economics refers to the study of resource production, distribution, and consumption, as well as allocation of those resources. Economics focuses on supply, demand, and market systems, as well as the behavior of consumers, companies and the economy.
Certification in Accountancy and Economics attests to your skills and knowledge in accounting and economics. This certification assess you in managing financial records, tax, auditing, economic theory, market analysis, and economic policies. Why is Accountancy and Economics certification important?
Increases your career prospects by validating expertise in accounting .
Enhances your earning potential.
Opens up higher-level opportunities in the finance.
Strengthens your credibility with employers.
Improves your ability to make informed decisions.
Allows you to specialize in tax accounting, or financial management.
Provides you a competitive edge in the job market.
Demonstrates your commitment to ongoing learning and professional development.
Who should take the Accountancy and Economics Exam?
Certified Public Accountant (CPA)
Chartered Accountant (CA)
Financial Analyst
Economist
Tax Advisor
Business Consultant
Auditor
Management Accountant
Risk Analyst
Financial Planner
Policy Analyst
Economic Researcher
Investment Analyst
Corporate Finance Manager
Skills Evaluated
Candidates taking the certification exam on the Accountancy and Economics is evaluated for the following skills:
Understanding of accounting principles, financial statements, and tax regulations
Knowledge of economic theories and principles, including microeconomics and macroeconomics
Proficiency in financial analysis and interpreting market trends
Ability to apply accounting standards in real-world scenarios
Knowledge of financial management, budgeting, and auditing processes
Analytical thinking and problem-solving skills
Understanding of economic policies, taxation, and international trade
Ability to use accounting and economic software tools
Strong knowledge of regulatory compliance and ethical standards
Communication skills for presenting financial and economic data clearly to stakeholders
Accountancy and Economics Certification Course Outline
The course outline for Accountancy and Economics certification is as below -
Domain 1 - Accounting Principles and Practices
Balance Sheet, Income Statement, Cash Flow Statement
Bookkeeping and Journal Entries
Cost Accounting
Budgeting and Forecasting
Auditing Standards
Tax Accounting and Compliance
Accounting Software and Tools
Domain 2 - Financial Management and Analysis
Financial Ratios and Metrics
Capital Budgeting
Investment Appraisal
Risk Management in Finance
Capital Structure and Financial Planning
Liquidity and Profitability Analysis
Domain 3 - Economics Fundamentals
Microeconomics: Supply and Demand, Market Structures
Macroeconomics: National Income, GDP, Inflation, Unemployment
Economic Indicators and their Impact
Global Economic Issues
Public Economics and Government Policies
Domain 4 - Advanced Accounting Topics
International Financial Reporting Standards (IFRS)