Career in Chartered Accountancy

By | October 6, 2020
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Chartered Accountancy

After the economic reforms careers in finance and accounts have gained tremendous popularity in the last decade. In accountancy the most prestigious career option is that of a Chartered Accountant. Chartered Accountancy is a dynamic, challenging and highly rewarding profession.

CA

Chartered accountants are Skilled in observing, interpret and plan all types of financial details. They deal with auditing, analyzing, verifying, and interpreting clients’ accounts, advising on taxation, executorships, trusteeship and liquidation. CA’s are sought for matters such as the formation, financial structure and liquidation of limited companies.

Key to Success

To be successful in Chartered Accountancy you should have/ develop:

  • An aptitude for mathematics
  • Ability to analyze, compare and interpret facts and figures quickly
  • Good Judgment
  • Ability to deal confidently with employers and clients

Scope and Opportunities

Chartered Accountancy provides a promising career in finance. The rewards of having this as a career are extremely wonderful. Upon attaining qualification of a Chartered Accountant huge opportunities open up.

  • Professional Chartered Accountants work as auditors of companies
  • They can also start their private practice of audit and consultancy

Lifestyle & Social Status

CAs generally found to be working either as employees or they can have their private practice.  Some of the areas suited to the services of Chartered Accounts are as follows:

  • Preparing Balance Sheet
  • Auditing
  • Tax Management
  • Consultancy

The profession of CA is one of the most admirable professions amongst the various profiles from field of particularly finance.

Job Profile

  1. Financial Accounting – It includes preparing balance sheets, clarifying, supervising, controlling and organizing income and expenditure, doing internal audits, dealing with wages and salaries, paying accounts and sending out invoices, and coping with taxes etc.
  2. Auditing – It is the methodical checking and review of the accounts. Chartered Accounts checks and verify the books of accounts and other necessary documents of their employers or clients
  3. Tax Management – Their job is to legally ensure minimum incidence of tax. In doing so they have to cope with taxation laws and policies on national as well as international scale depending on the kind of company they work for
  4. Consultancy – They can efficiently provide services in areas like corporate law advice, project planning and finance, investigations relating to share valuation for takeovers, amalgamation, business advice, secretarial work etc.

Skill Sets

  • Numerical Proficiency
  • Accounting Skills
  • Communication Skills
  • Team Management

Work Value

  • Persistency
  • Hard work
  • Teamwork
  • Accuracy

Current Job Scenario

Chartered Accountancy is a profession where returns are quite high, be it- public, private sector or own a consultancy firm. Salaries of C.A. employed in public or private sector companies vary depending upon qualification and experience. Average salaries at junior level are Rs 20,000 to 25,000 per month while a senior most C.A. can expect to get 50000 to 60000 per month in domestic markets.

In abroad salaries may go up to Rs 5, 00,000 p.m. Chartered Accountants who are engaged in consultancy and private practice are also earning handsome returns depending upon the kinds of clients they have.

Top Recruiters

  1. PricewaterhouseCoopers
  2. Ernst & Young
  3. KPMG
  4. Deloitte Touche
  5. Grant Thornton
  6. Any Large Company

Course Synopsis

 
Course Options Chartered Accountancy
Academic Eligibility Passed Common Proficiency Test and Senior Secondary Examination (10+2 examination)
Duration 3 years of article ship compulsory
Mode Regular
Specialisations  
Approved The Institute of Chartered Accountants of India (ICAI)
Affiliation  
Entrance Exam CPT/ Intermediate/Final
Education Loan  
Scholarships  

* Incurring expense includes study material, exam registration and coaching fee.

Career Prospect

  1. Tax advisory firm
  2. Auditing firms
  3. Stock banking firm
  4. Finance companies
  5. CA firms
  6. Corporate houses

Exam

1:-CA foundation, CPT & CA final

Success Stories

  1. https://www.youtube.com/watch?v=ptsDBhfJhgE&t=10s
  2. https://www.youtube.com/watch?v=usjSh2kszWc
  3. https://www.youtube.com/watch?v=49TQzcvsvLQ
  4. https://www.youtube.com/watch?v=kZWpGrHYIck
  5. https://www.youtube.com/watch?v=YgIkodV3bP0
  6. https://www.youtube.com/watch?v=BFRv7C9SABw
  7. https://www.youtube.com/watch?v=8pCZE6ho3tA
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