An exigent profession, chartered accountancy offers job opportunities in the areas of accounting, auditing, corporate finance, company and other business laws, project evaluation, taxation and corporate governance. Comprehensive knowledge blended with practical training is what a chartered accountant enjoys through unique academic programme, which is in good demand for business and industry in the advent of privatization and globalization of Indian economy.
All the countries have their own Accountancy Association which regulates the quality and quantity of these professionals. In India it is the Institute of Chartered Accountants of India (ICAI) which does the job of regulating the profession of Charted Accountancy
The course in Chartered Accountancy offers students a good career in the specialized areas of Accounting, Auditing, Corporate Laws, Corporate Finance and Taxation. They are highly demanded and sought-after professionals in the practice of Income-tax, Service-tax and other indirect tax areas. Further they are also equipped to act as management consultants. Moreover, Chartered Accountants possess adequate knowledge in systems and information technology, which help to excel in the areas such as development of advanced IT systems for the organizations including for the functions of finance and accounting.
Career in CA gives you a high platform for dealing with big corporate houses. Chartered accounting career is a highly sought after career course for long time now and with the increase in the business volumes, their importance has realized new heights. Those who come out successful in PE-1, (Professional Examination) PE-2 and Final along with completion of two and half years of practical training and a 15 days course on General Management and Communication skills are eligible to apply for the membership of Institute of Chartered Accountants of India. A chartered Accountant holds prestige in the society and earns handsomely.
As practitioners of public accounting, Chartered accountants may start Professional practice as a proprietor or join any existing firm as a partner or staff member. A CA acts as a business advisor by providing all kinds of services including the preparation of financial reports, preparing financial projections, helping the business to secure loans and determining the viability of business. As a tax advisor, a CA helps businesses and individuals to comply with tax laws. A CA may opt for joining an industry or governmental department and at responsible positions.
As Management Consultancy Services
CAs plays a vital role in assisting business and industry to improve the use of their resources, increase their efficiency and achieve their objectives. Such services include financial management, planning and financial policy determination such as:
- Preparation of project reports and feasibility studies
- Market research and demand studies
- Budgeting, inventory management, working capital management
- Systems analysis and design, and computer related services
- Advisor or consultant to capital issue
- Investment counseling in respect of securities
- Corporate Governance
Chartered Accountants are known to be industrious and intelligent. This exacting career requires good communication skill, an aptitude for figures and an analytical mind. So if you find yourself industrious as well as intelligent, you are perhaps the right person to go for it