Chartered accountancy degree (CA) is considered the highest qualification in accounting and finance degree.
If you have fondness to delve deep in to world of accounting, with an assured professional status and scope for individual practice with great monthly income, chartered accountancy is the right option for you.
What is Chartered Accountant course?
Chartered accountancy course equips you with total and thorough knowledge of accounting, auditing and taxation.
Every registered company, whether big / small, requires the signature seal of a practising CA on its balance sheet. This in itself is a testimony of the authority and importance of a CA.
What would you do in this profession?
A chartered accountant employed in an industry is involved in:-
- designing the company’s financial information system
- preparing financial statements and management reports
- liaising with internal and external auditors
- carrying out taxation and auditing work
- forecasting financial requirements and expenses
- preparing the annual reports
Practising chartered accountants are involved in –
- reviewing their client’s financial information system
- advising on tax and efficient tax planning
- analysing risk and suggest efficient financial system
- advise on financial plans during mergers, acquisitions etc.,
- maintaining records of various client companies
- finalising and certifying the annual reports and balance sheets
Career as Chartered Accountant
Chartered accountancy, as a career, is always on high demand.
With the country withstanding the global recession, the industrial economy looks forward to a steady progress. With new industries coming up and global industries opening their hubs, there will more demand for professionally qualified accounting personnel to advice on cost control and recommend sound financial investments.
Moreover, every business need an efficient financial management system to sustain itself and chartered accountants with their wealth of knowledge are better at designing them.
Career as Chartered accountant starts with esp. working as internal auditor or as a team member in the finance department of an organisation.
With experience your stature and position in the organisation will grow, from financial accountant to finance officer, business analyst, to chief financial officer.
What skills should you posses?
The basic skills an aspiring chartered accountant should develop / possess are:-
- good numerical ability
- analytical mind to interpret facts and figures
- logical and methodical approach in work
- attention to detail, as any misses would mean financial loss
- ability to interact and express clearly
- patience and confidence to handle responsibility
Eligibility, Entrance Exams and Institutes
The minimum qualification to pursue Chartered Accountancy in India is a pass in XII (12th) or graduation (any stream). Students can enroll with the Institute for Common Proficiency Course (CPC) after passing class X (10th) examination (conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto).
The Institute of Chartered Accountants of India (ICAI) conducts the Chartered Accountancy course in India.
About Chartered Accountant course details, years of study, exam pattern, eligibility, training etc., visit official site – http://www.icai.org/
Chartered Accountancy course is one of the toughest in accounting degree. It requires long hours of study and practice. It is advisable that you take private coaching during the course.
Students who have completed their CA program can opt for MBA degree, which will further enhance their career prospects for management role in organisations (see Finance MBA)
[button link=”http://youtu.be/G2dV8iKIHqU” size=”small” bg_color=”#8f1010″]Video – Why CA?[/button]