Introduction to Chartered Accountancy profession: Chartered accounts are an important part of the registered companies under Companies Act in this world of growing economy. These companies are required to hire a legal practicing chartered accountant to
audit their accounts. The job prospects or career options of chartered accountants include the opportunity to join into Government or Public service undertakings as well as the private sector companies.Based on the personal strengths and aspirations one can choose from the numerous opportunities available for a fresh CA.
A chartered accountant can work in different areas of financial accounting, tax management, auditing, cost accounting, banking and consultancy. They have to be the certified members of the Institute of Chartered Accountants of India (ICAI). E&Y, Deloitte, PWC and ICICI Bank are some of the good pay masters for CA jobs in India . The institutes of chartered accountants in India are well recognized in countries like England and Australia but not in the US and they need to undergo a particular examination to practice their profession legally in such countries.
Chartered Accountant responsibilities
The chartered accountant profession is defined by posts such as finance managers, advisors or directors of finance as well as financial controllers of the particular companies. Such a profession deals with matters relating to the audit, taxation, consulting and investigation with the company. Regarding such a profession, the person is expected to prepare financial reports to ensure the transparency of financial statements as part of audit, deal with the tax issues as well as to provide advice on these issues as part of taxation job, examination of the financing processes used into the business progress of the company as part of investigating, etc.
Career options for Chartered Accountants
Chartered accountancy career is an interesting career option with a commerce background. They play important role in the day to day economic life. These people take the role of directors as well as performers under a will that execute the administration of properties or estates, important roles in case of bankruptcy, disputes, etc. Chartered accountancy subjects mostly deal with studies like market research, budget planning, planning of policies; management of working capital of an organization, etc. CA is a good option for higher education in India.
Eligibility Chartered Accountant course
The basic eligibility chartered accountant course demand is to clear the Competency Professional Test (CPT) after the senior secondary school, according to education system in India. It is important for the interested candidates to register for the test after passing the 10th class though they are supposed to give the test after 12th. The commerce graduates are the most suitable candidates for this course but they are required to show a result of at least 50% aggregate marks in their senior school so as to be eligible for the course. Besides, non commerce graduates are also eligible to apply for the CPT if they can give a senior school result of 55% aggregate marks excluding Mathematics and 60% aggregate marks including Mathematics.
Tests for Chartered Accountant course
Chartered Accountant course is two years long excluding training. To complete the course of Chartered accountancy, the steps of development includes the Competency Professional Test (CPT) followed by Professional Competency Examination (PCE) and eventually the Final Exam. There are many chartered accountancy colleges in India and the process of admission and course is as above.
Choosing a career in CA? It is most suited with people of practical personality and an instinctive talent to deal with figures to help the particular person perform well in this profession. Its one of the highest paying jobs in India