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B.Com CMA Course in Kozhikode

Introduction to Bcom CMA with Course

A bachelor’s degree that combines two programmes into one is called an integrated Bcom. After passing the 12th grade exams, students can pursue integrated B Com programmes offered by educational institutions in India as a five-year undergraduate programme. The extra academic credentials that the five-year plan gives applicants will provide them with an advantage over competitors. The 5 year plan Integrated B Com course is offered by a number of universities and colleges in India. 

BCom (Bachelor of Commerce) and CMA (Certified Management Accountant) are two distinct educational and professional designations. A BCom is an undergraduate degree in commerce, which focuses on subjects like accounting, finance, economics, marketing, and management. It provides students with a strong foundation in various aspects of business and commerce. The duration of this program varies depending on the country and institution, usually lasting three or four years. CMA, on the other hand, is a professional certification offered by the Institute of Management Accountants (IMA) in the United States and the Chartered Institute of Management Accountants (CIMA) in the United Kingdom, Australia, and other countries. To become a CMA, one must fulfill specific educational and experiential requirements, pass two exam parts, and adhere to strict code of conduct. CMAs specialize in financial planning, analysis, and management accounting, contributing significantly to an organization’s strategic decision-making process.

Overview Table

Course Name B.com with CMA
Course Level Undergraduate
Duration Min. 3 years   Max. 6 years
Admission Process Merit/ Entrance-Based
Eligibility Criteria 10+2 passed from a recognized board.
Average Fee Structure INR approx.  3.8 Lacs.
Average Salary INR 4,50,000 – 8,00,000
Top Recruiters AXA Insurance, Philips, Qualcomm, Grant Thornton, Metlife Inc., Electronic Arts, Alexion, National Information Services, EXL Service, Citrin Cooperman, TE Connectivity etc.
Career opportunities Budgeting Managers, Investment Manager, Costing Manager, Payable Manager or Receivable Manager etc.

A BCom with CMA (Certified Management Accountant) certification can be a valuable combination for your career in the field of finance and accounting. By combining a BCom degree with a CMA certification, you can enhance your employability and career prospects in various industries, such as finance, healthcare, manufacturing, and technology. You’ll be well-equipped to handle complex financial and strategic decision-making processes and contribute significantly to an organization’s growth and success.

Benefits of doing BCom with CMA in Kozhikode

  • Strong educational foundation: BCom provides a solid foundation in various aspects of commerce, including accounting, finance, marketing, and economics. The CMA course further enhances your knowledge in cost accounting, financial management, and strategic decision-making.
  • High demand in the job market: Both BCom and CMA are highly valued qualifications in the professional world. Combining these two courses increases your marketability and makes you a competitive candidate for various job roles in the finance and accounting sectors.
  • Networking opportunities: Kozhikode is home to several reputed institutions and organizations that offer BCom and CMA courses. Studying in this city allows you to build a strong network of professionals and peers who can support and guide you throughout your career.
  • Access to quality education: Kozhikode houses several renowned institutions that offer BCom and CMA programs. These institutions are known for their quality education, experienced faculty, and state-of-the-art infrastructure, which can contribute to your overall learning experience.
  • Career growth: A BCom with CMA degree equips you with the necessary skills and knowledge to excel in various roles, such as financial analysts, cost accountants, management consultants, and financial managers. This combination of qualifications can lead to rapid career growth and higher earning potential.
  • Entrepreneurial opportunities: The skills and knowledge gained from a BCom and CMA course can also help you establish your own business or consultancy in the fields of finance, accounting, and management.
  • Industry recognition: The Institute of Cost Accountants of India (ICAI) recognizes the CMA qualification, which can open doors to various opportunities within the industry, such as membership in ICAI and other professional bodies.

Syllabus

A BCom with CMA (Cost and Management Accountancy) syllabus typically covers a combination of subjects from both fields, focusing on accounting, finance, and management.

  • Business Economics: This subject deals with the study of market structures, economic policies, and their impact on businesses.
  • Business Communication: Effective communication skills are crucial for any professional, and this subject helps students develop their written, verbal, and non-verbal communication abilities.
  • Business Law: This subject introduces students to the legal framework governing businesses, including contracts, intellectual property rights, and company laws.
  • Financial Accounting: Students learn about the principles and practices of financial accounting, including financial statement preparation, accounting standards, and auditing.
  • Management Accounting: This subject focuses on the application of accounting principles to internal business operations, including cost accounting, budgeting, and decision-making.
  • Corporate Finance: Students study topics such as capital budgeting, financial risk management, and investment decisions in this subject.
  • Taxation: This subject covers the principles of Indian tax laws, including income tax, sales tax, and other indirect taxes.
  • Financial Management: Students learn about the management of financial resources in organizations, including portfolio management, risk management, and corporate finance.
  • Costing and Control: This subject deals with the techniques of costing, cost control, and management decision-making.
  • Advanced Management Accounting: Students explore advanced topics in management accounting, such as activity-based costing, transfer pricing, and performance evaluation.
  • Strategic Cost Management: This subject focuses on the strategic role of cost management in organizations, including cost leadership, cost reduction, and value creation.
  • International Financial Reporting Standards (IFRS): Students learn about the global accounting standards and their application in different countries.
  • Information Technology and Systems: This subject introduces students to the use of information technology in accounting and management systems.
  • Research Methods: Students learn about research methodologies, data collection techniques, and statistical analysis in this subject.
  • Ethics and Corporate Governance: This subject covers the principles of business ethics, corporate governance, and social responsibility.

Skills Required

  • Accounting and Financial Management: A strong foundation in accounting principles, financial reporting, and management accounting is crucial for BCom with CMA graduates.
  • Analytical and Quantitative Skills: The ability to analyze complex financial data, interpret results, and make informed decisions based on the findings is essential.
  • Technical Knowledge: Familiarity with accounting software, financial modeling tools, and ERP systems can be beneficial.
  • Communication: Effective communication skills, both verbal and written, are necessary to present financial information to non-financial stakeholders in a clear and concise manner.
  • Interpersonal Skills: Building and maintaining strong relationships with colleagues, clients, and management is vital in the business world.
  • Strategic Thinking: Graduates should be able to think critically and strategically to help organizations achieve their long-term goals.
  • Adaptability: The ability to adapt to new technologies, changing business environments, and evolving regulatory requirements is crucial.
  • Leadership and Team Management: As they progress in their careers, BCom with CMA graduates should develop leadership skills and the ability to manage and motivate teams effectively.
  • Business Acumen: Understanding the broader business context and how financial decisions impact various aspects of the organization is essential for success.
  • Continuous Learning: Staying updated with industry trends, best practices, and advancements in accounting and finance is vital for lifelong learning and professional growth.

Specializations

A Bachelor of Commerce (BCom) with a specialization in Cost and Management Accountancy (CMA) is a combination that prepares students for a successful career in finance and accounting. Graduates with this dual specialization possess a unique set of skills and knowledge that can be applied across various industries. 

  • Financial Accounting and Reporting: This involves the preparation of financial statements, maintaining financial records, and ensuring compliance with accounting standards and regulatory requirements.
  • Management Accounting: This area focuses on providing financial information and insights to help managers make informed decisions. It includes budgeting, cost analysis, forecasting, and performance evaluation.
  • Financial Analysis and Planning: Professionals in this field are responsible for analyzing financial data, creating financial models, and developing strategies to optimize an organization’s financial performance.
  • Taxation: This specialization deals with the preparation and filing of tax returns, tax planning, and ensuring compliance with tax laws and regulations.
  • Auditing: Auditors examine an organization’s financial records and internal controls to ensure accuracy and compliance with regulatory requirements. They also identify areas for improvement and provide recommendations to mitigate risks.
  • Risk Management: This specialization involves identifying, assessing, and managing potential risks that could impact an organization’s financial performance and reputation.
  • Financial Markets and Instruments: Professionals in this area work with securities, derivatives, and other financial instruments, providing advice on investment strategies and managing portfolios.
  • International Finance: This specialization focuses on the financial aspects of global business, including foreign exchange, international trade, and multinational operations.
  • Consulting: CMA professionals can also work as management consultants, providing expert advice on financial management, process improvement, and strategic planning to help organizations achieve their goals.
  • Entrepreneurship and Business Management: With a strong understanding of finance and accounting, BCom with CMA graduates can also pursue entrepreneurial ventures or roles in business management, where they can apply their financial expertise to drive growth and success.

Eligibility

Typically, to pursue BCom, one must have completed their 10+2 education with a focus on commerce subjects. For the CMA certification, you usually need to have a bachelor’s degree in any discipline, along with specific accounting or finance courses. In some cases, you might be able to pursue a dual degree program that combines BCom and CMA, which would help you fulfill the educational requirements for both. This would typically involve taking specific courses related to management accounting and finance during your BCom program.

Registration in CMA Foundation Course.

  • CMA Foundation: Candidates need to be 10+2 qualified. Graduates can apply immediately for the CMA Intermediate program.
  • CMA Intermediate: Students need to be 10+2 graduates. They need to have finished the Foundation Course for CMA. Applicants for this course must be qualified in either ICAI Intermediate or ICSI Foundation. Candidates must finish 100 hours of computer training and three days of CSS.  
  • CMA Final: Applicants may apply if they have passed the CMA Intermediate. 

Entrance exams

ICMAI: The ICMAI Entrance Exam is the gateway to the B.Com (Hons.) in Costing and Business Management course offered by the ICAI. This exam is conducted annually, and its result determines your admission to the B.Com (Hons.) program. To prepare for the ICMAI Entrance Exam, you should focus on subjects like Accountancy, Business Laws, Business Mathematics, Business Economics, and General English. You can find study materials, previous years’ question papers, and other resources on the official ICAI website. Additionally, it’s essential to maintain a healthy balance between your studies and self-care. Stay updated with the latest developments in the field of Cost and Management Accountancy, and consider joining study groups or forums to discuss your preparation and learn from others’ experiences.

Admission

  • Complete the application: Go to the websites of the individual colleges and carefully read the instructions to ensure that the form is filled out correctly.
  • Required Documents: Several papers, including an Aadhaar card, PAN card, photos, a bachelor’s degree mark sheet, etc., are needed to fill out the form.
  • Verify again before submitting: Verify that your admissions form is error-free before submitting it in its final form.
  • Make payment: Online fee payments will be made following completion of the admissions form.
  • Print the confirmation page: Print the final confirmation sheet for your records after completing the payment.
  • Get the admission card here: Aim to download the admission card two to three days prior to the test.
  • Go to Counselling: Upon the exam’s completion and results announcement, students must take part in counselling to choose their colleges or institutes.

Scope of the course

In the ever-evolving landscape of commerce and management, the combination of a Bachelor of Commerce (BCom) degree and a Certified Management Accountant (CMA) certification has emerged as a potent blend of academic and professional excellence. 

A BCom degree offers a comprehensive understanding of various aspects of commerce, including accounting, finance, economics, marketing, and human resource management. This well-rounded education equips students with the necessary knowledge and skills to navigate the complexities of the business world. By pursuing a BCom, students gain a strong foundation that prepares them for advanced studies and specialization in their chosen field. The CMA certification, offered by the Institute of Management Accountants (IMA), is a globally recognized credential that signifies expertise in financial planning, analysis, and management. CMAs are adept at providing strategic insights that help organizations make informed decisions, optimize resources, and drive growth. The CMA certification not only validates one’s competence in management accounting but also opens doors to high-level job opportunities and enhanced career prospects. When BCom graduates choose to pursue the CMA certification, they create a powerful combination that can significantly enhance their career prospects and contribute to their organization’s success. The BCom degree provides a solid foundation in commerce, while the CMA certification equips professionals with specialized skills in management accounting. This synergy enables them to excel in various roles, such as financial analysts, financial controllers, management consultants, and chief financial officers (CFOs).

  • Diverse Job Roles: BCom with CMA opens doors to various job roles such as Financial Analyst, Cost Accountant, Management Consultant, Budget Analyst, and Financial Planner.
  • Industries: Professionals with BCom and CMA qualifications can work in numerous sectors, including manufacturing, service, trading, construction, and banking.
  • Entrepreneurship: The knowledge and skills gained from BCom and CMA can help individuals start their own businesses or consultancy firms in the field of finance and accounting.
  • Government Sector: BCom with CMA professionals can also find job opportunities in government organizations, such as public sector undertakings and financial institutions.

As the global economy continues to grow and evolve, the demand for skilled professionals with a strong understanding of both commerce and management accounting is on the rise. BCom graduates with a CMA certification are well-positioned to capitalize on this growing demand, as they possess a unique set of skills that can be applied across various industries and sectors. Moreover, the BCom-CMA combination can lead to lucrative career opportunities in multinational corporations, financial institutions, consulting firms, and government organizations. As businesses increasingly recognize the value of management accounting, professionals with this skillset will be in high demand, ensuring a promising future for those who have invested in their education and certification.

BCom graduates with CMA certifications can play a pivotal role in driving the growth of their organizations and the broader economy. Their expertise in financial planning, analysis, and management enables them to make informed decisions that optimize resource allocation, enhance profitability, and contribute to the overall success of their companies. Through, as these professionals advance in their careers, they can influence policy-making, shape industry practices, and promote best practices in management accounting. This, in turn, can lead to a more efficient and sustainable global economy that benefits all stakeholders.

Career Opportunities

Career opportunities for BCom with CMA (Certified Management Accountant) graduates are diverse and promising, as this combination of qualifications equips individuals with a strong foundation in both commerce and financial management. 

  • Management Accountant: As a CMA, you will be well-equipped to analyze financial data, create budgets, and provide valuable insights to help organizations make informed decisions. This role typically involves working closely with managers and executives to plan, monitor, and control the financial performance of a business.
  • Financial Analyst: With your BCom degree and CMA certification, you will have the necessary skills to assess financial information, identify trends, and make recommendations for future investments or business strategies. Financial analysts work in various industries, such as banking, insurance, and investment firms.
  • Cost Accountant: Your knowledge in cost accounting, gained from your BCom and CMA, will allow you to analyze and allocate costs to different products, services, or departments within an organization. This role is crucial for understanding the financial health of a business and making strategic decisions.
  • Financial Planner: Your understanding of finance and commerce will enable you to provide personalized financial advice to clients, helping them achieve their financial goals. Financial planners work in banks, insurance companies, or as independent consultants.
  • Budget Analyst: Your expertise in budgeting and financial management will enable you to assess the effectiveness of an organization’s budgeting processes and make recommendations for improvement. Budget analysts work in both public and private sectors.
  • Treasury Manager: With your CMA certification, you will have the skills to manage an organization’s financial risks, oversee cash flow, and make strategic investments. Treasury managers work in various industries, including finance, manufacturing, and services.
  • Controller: As a controller, you will be responsible for overseeing an organization’s financial reporting, ensuring compliance with accounting standards, and managing the accounting team. Your BCom and CMA qualifications will make you a strong candidate for this role.
  • Consultant: With your combination of BCom and CMA, you can offer your expertise in finance and commerce to various organizations as a consultant. This may involve analyzing financial data, developing strategies, and providing guidance on financial management.

Fee Structure

The average cost of BCom with CMA courses varies depending on the institute. But the typical charge is between INR 6,000 and 3.8 Lacs. Additionally, this course gives students the opportunity to earn the CMA, the most advanced and globally recognized qualification in management. By gaining information in new areas rather than focusing on the same subjects covered in the CMA Course’s education program, it also aids in improving the learning process for students.

Higher Studies

After completing your BCom (Bachelor of Commerce) degree, you can consider pursuing higher studies and professional certifications to enhance your career prospects. One popular option is to become a Certified Management Accountant (CMA) along with other relevant courses. 

  • CMA (Certified Management Accountant): This professional certification is offered by the Institute of Management Accountants (IMA) and the American Institute of Certified Public Accountants (AICPA). It is designed for finance and accounting professionals who want to specialize in management accounting. To become a CMA, you need to clear two parts of the CMA exam, have a bachelor’s degree (including BCom), and fulfill the experience requirement.
  • CA (Chartered Accountant): If you are interested in pursuing a career in accounting and finance, you can consider becoming a Chartered Accountant. This requires you to complete the CA program offered by the Institute of Chartered Accountants of India (ICAI) and clear the three levels of the CA exam.
  • CS (Company Secretary): A Company Secretary is a corporate specialist who deals with the regulatory and compliance aspects of a company. You can pursue the Company Secretary program offered by the Institute of Company Secretaries of India (ICSI) after completing your BCom.
  • MBA (Master of Business Administration): An MBA is a popular postgraduate degree for those who want to gain a broader understanding of various aspects of business management. You can opt for an MBA with a specialization in Finance, Accounting, or any other field that interests you.
  • PGDM (Postgraduate Diploma in Management): PGDM is another postgraduate management program that can be pursued after completing your BCom. It is offered by various private institutions and universities in India.
  • M.Com (Master of Commerce): If you want to deepen your knowledge in the field of Commerce, you can opt for an M.Com degree. This program allows you to specialize in various subjects like Finance, Accounting, Marketing, and more.

Top Recruiters

  • Big Four Accounting Firms: The Big Four accounting firms, namely Deloitte, PwC, EY, and KPMG, are among the top recruiters for BCom with CMA graduates. These firms offer a wide range of services, including audit, tax, advisory, and management consulting. With their global presence and diverse clientele, the Big Four provide excellent opportunities for CMA professionals to gain valuable experience and expertise in various industries.
  • Multinational Corporations (MNCs): MNCs are known for their extensive operations across the globe, which requires skilled professionals to manage their financial operations effectively. BCom with CMA graduates are highly sought after by MNCs due to their expertise in financial management and strategic decision-making. Some of the prominent MNCs that actively recruit CMA professionals include Amazon, Unilever, Procter & Gamble, Coca-Cola, and General Electric.
  • Consulting Firms: Consulting firms are another major recruiter for BCom with CMA graduates. These firms specialize in providing strategic advice and solutions to businesses across various sectors. As a CMA professional, you can work in various domains, such as financial advisory, risk management, and performance improvement. Some of the top consulting firms that hire CMA graduates include Accenture, McKinsey & Company, Boston Consulting Group, and Deloitte Consulting.
  • Financial Services Industry: The financial services industry, including banks, insurance companies, and investment firms, is a significant recruiter for BCom with CMA graduates. These professionals play a crucial role in managing financial risks, developing financial strategies, and ensuring regulatory compliance. Some of the top financial services companies that actively recruit CMA graduates include J.P. Morgan Chase, Goldman Sachs, Citigroup, and State Street Corporation.
  • Government and Public Sector Organizations: Government and public sector organizations also offer excellent opportunities for BCom with CMA graduates. These professionals can work in various domains, such as budgeting, financial planning, and auditing. Some of the top government and public sector organizations that recruit CMA graduates include the World Bank, International Monetary Fund (IMF), and various national and state-level government departments.
  • Educational Institutions: Lastly, educational institutions, including universities and business schools, are another significant recruiter for BCom with CMA graduates. These professionals can work as faculty members, researchers, or administrators in the field of management accounting. Some of the top educational institutions that hire CMA graduates include Harvard Business School, INSEAD, and the London School of Economics and Political Science (LSE).

Top BCom CMA Colleges in Kozhikode

1. St. Ann’s College

Established in 1963, St. Ann’s College is a women’s institution under the Kerala Government. The college offers a BCom degree with specialization in CMA, which is affiliated with the University of Calicut. The college boasts a well-equipped library, modern classrooms, and experienced faculty members who are dedicated to nurturing the talents of their students.

Certification Body: The certification body for the BCom with CMA course at St. Ann’s College is the Institute of Cost Accountants of India (ICAI).

Address: Kuthiravattom P.O., Kozhikode – 673 016, Kerala, India

2. Government College, Kozhikode

Founded in 1963, Government College, Kozhikode is one of the premier institutions in the city. The college offers a BCom degree with specialization in CMA, which is recognized for its quality education and excellent placement opportunities. The college provides state-of-the-art facilities and a highly qualified faculty that ensures students receive a comprehensive understanding of the subject.

Certification Body: he certification body for the BCom with CMA course at Government College, Kozhikode is also the Institute of Cost Accountants of India (ICAI).

Address: NH 212, Kozhikode – 673005, Kerala, India

3. St. Joseph’s College

Established in 1958, St. Joseph’s College is a prestigious institution known for its commitment to academic excellence. The college offers a BCom degree with specialization in CMA, which is affiliated with the University of Calicut. The college is well-known for its experienced faculty, modern infrastructure, and a vibrant academic environment that fosters intellectual growth.

Certification Body: St. Joseph’s College follows the Institute of Cost Accountants of India (ICAI) for the certification of their BCom with CMA program.

Address: Kunnamangalam, Kozhikode – 673005, Kerala, India

4. Sree Narayana College

Sree Narayana College, founded in 1964, is a prominent institution in Kozhikode that offers a BCom degree with specialization in CMA. The college is affiliated with the University of Calicut and is committed to providing quality education to its students. The college has a strong faculty team, well-equipped laboratories, and a library that houses an extensive collection of books and journals.

Certification Body: Sree Narayana College’s BCom with CMA course is certified by the Institute of Cost Accountants of India (ICAI).

Address: Koduvalli P.O., Kozhikode – 673014, Kerala, India

Govinda Menon College

Govinda Menon College, established in 1965, is another reputed institution in Kozhikode that offers a BCom degree with specialization in CMA. The college is affiliated with the University of Calicut and is known for its dedicated faculty, modern infrastructure, and a conducive learning environment.

Certification Body: The certification body for the BCom with CMA program at Govinda Menon College is, once again, the Institute of Cost Accountants of India (ICAI).

Address: Kuthiravattom, Kozhikode – 673016, Kerala, India

 

 

FAQs

Q. What is BCom with CMA in Kozhikode?

A. BCom with CMA (Cost and Management Accountancy) in Kozhikode is a professional undergraduate course offered by various institutions in Kozhikode, Kerala. It combines the study of Business Administration (BCom) with specialized knowledge in Cost and Management Accounting.

 

Q. What are the benefits of pursuing BCom with CMA in Kozhikode?

A. Pursuing BCom with CMA in Kozhikode offers numerous benefits, such as:

* Comprehensive understanding of business administration and accounting principles.

* Specialization in Cost and Management Accounting, which is highly demanded in various industries.

* Opportunities to work in diverse sectors like finance, manufacturing, services, and consulting.

* Better career prospects and higher salary packages.

* Networking opportunities with professionals and peers in the industry.

 

Q. Which institutions offer BCom with CMA in Kozhikode?

A. Several institutions in Kozhikode offer BCom with CMA, including Government and Private colleges affiliated with the University of Calicut, Kerala University, and other recognized universities.

 

Q. What is the duration of the BCom with CMA course in Kozhikode?

A. The duration of the BCom with CMA course in Kozhikode is generally three years- 6 years, divided into six semesters.

 

Q. What is the eligibility criteria for BCom with CMA in Kozhikode?

A. To be eligible for BCom with CMA in Kozhikode, students must have passed their 10+2 examination with a minimum of 50% marks in aggregate from a recognized board. Some institutions may also require students to appear for an entrance exam and/or interview.

 

Q. How is the BCom with CMA course structured in Kozhikode?

A. The BCom with CMA course in Kozhikode includes subjects related to Business Administration and Management, along with specialized subjects in Cost and Management Accounting. The course curriculum is designed to provide students with a strong foundation in both theoretical and practical aspects of the subject.

 

Q. What are the career opportunities after completing BCom with CMA in Kozhikode?

A. Upon completing BCom with CMA in Kozhikode, graduates can pursue careers in various industries such as finance, banking, auditing, consulting, and manufacturing. They can work as Cost Accountants, Management Consultants, Financial Analysts, and more. Additionally, they can also opt for higher studies like MBA, CA, and CPA.

 

Q. How much does the BCom with CMA course fee typically cost in Kozhikode?

A. The fee structure for BCom with CMA in Kozhikode may vary depending on the institution. It is advisable to check with the specific colleges for their fee details.

 

Q. Are there any internships or practical training opportunities during the BCom with CMA course in Kozhikode?

A. Many institutions offer internships and practical training opportunities as a part of the BCom with CMA course in Kozhikode. These internships help students gain hands-on experience in the industry and improve their employability.

 

Q. How can I prepare for the CMA exam while pursuing BCom with CMA in Kozhikode?

A. To prepare for the CMA exam, students should focus on understanding the concepts taught in class, along with regular self-study and practice. They can also join coaching classes, attend workshops, and utilize study materials provided by the institute or online resources.

 

Q. What is the scope of BCom with CMA in India and abroad?

A. BCom with CMA offers excellent scope in India, with numerous job opportunities in various sectors. Additionally, it is also recognized in many countries, providing graduates with the chance to work globally. Some popular destinations include the United States, the United Arab Emirates, the United Kingdom, and other GCC countries.

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