Career as Charted Accountant

DESCRIPTION

As a chartered accountant you’ll give advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.

You’ll have the choice of many different settings to work in, including public practice firms and industry and commerce, as well as in the not-for-profit and public sectors. Working strategically, your aim will be to maximize profitability on behalf of your client or employer.

Career Opportunities as a Chartered Accountant (CA)

  • Public/ Private Practice: Chartered accountants in practice work within an accountancy firm providing a range of accountancy and tax services to clients. These include business advice, management consultancy, audit and taxation. Firms vary in size from the sole practitioner to multinational accountancy firms. Chartered accountants in practice, work within an accountancy firm providing a range of accountancy and tax services to clients. These include business advice, management consultancy, audit and taxation. Firms vary in size from the sole practitioner to multinational accountancy firms.
  • Government Organizations: Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues. Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues.
  • Business Enterprises: Chartered accountants are often employed within a business organization using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organizations ranging from top listed companies to smaller organizations. Chartered accountants are often employed within a business organization using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organizations ranging from top listed companies to smaller organizations.
  • Corporate finance: Large firms often have specialized departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals. Large firms often have specialized departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals.
  • Not for profit organizations: Their work in this profile may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits. The work may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits.
  • Banking and Insurance Sector: Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same. Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same.
  • Law Firms: Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain. Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain.
  • Civil Services: One of the best career options to be considered for a CA is that of civil services which range from All India Services to Group A services including Indian Audit and Accounts Services, Indian Defense Accounts Services, Indian P & T Accounts and Finance Service, Indian Civil Accounts Service and Indian Railway accounts Service.
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PATHWAY

  Pathway 1 Pathway 2
Stream Clear Class XII in Commerce Stream Clear Class XII in Commerce Stream (Recommended)
Bachelors Pursue Bachelors of Commerce and continue with CA

Step 1 – Clear the Competency Professional Test (CPT).

Step 2 – Clear Integrated Professional Competence (IPC) Examination.

Step 3 – Pursue Article ship for 3 years

Step 4 – Clear the CA final exam

Pursue Bachelors of Commerce in any financial field .for 3 years. (Recommended).

Clear Integrated Professional Competence (IPC) Examination.

Pursue post-graduation in any financial field for 2 years.

Masters Pursue Masters in Commerce or Masters in Business Management and continue with CA

Step 1 – Clear Integrated Professional Competence (IPCC) Examination.

Step 2 – Pursue Article ship for 3 years

Step 3 – Clear the CA final exam

SKILLS REQUIRED

As a CA we are required to be quiet familiar with computers and software’s. One should have detailed knowledge about excel. Apart from that you should be well averse with some basic accounting packages Tally, Oracle to name a few. Moreover with the advent of technological era and government making e-filing if forms compulsory; one should keep himself aware of the new accounting software and the e-filing procedures.

DEMAND

CA can join Government job, bank as finance manager. Each public sector needs CA. Salary can reach up to Rs. 1.5 lac a month. Many CAs start their practice and make good money. Few join corporate world reach up VP and earn excellent salaries. You have choice to become Charted Financial Analyst.

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