Without accounting standards, each company would have its own methods and policies for financial reporting, making it challenging to analyze and compare the financial performance of different companies. The use of standardized accounting practices enhances trust and credibility in the financial reporting process.

I’m currently in the commerce stream, and I am torn between pursuing Chartered Accountancy (CA) or opting for an MBA in Finance. Can someone shed some light on the pros and cons of both these career paths?

Those companies only want interns who can code, so might be difficult to clear the interviews. But you still have time, try learning the basics of at least 1-2 languages from online sources and practice a lot of coding questions. All the best!