Tuesday, August 28, 2012

Career as a Chartered Accountant (CA)



A Chartered Accountant (a.k.a. CA) is one who is specialized in accounting, auditing and taxation. CA handles matter related to accounts and finance, and also serves as a management and corporate caretaker.


Chartered Accountant’s Motto:
  • Analyze
  • Audit
  • Advice

A Day in a Chartered Accountant’s Life:
  •  Prepare and analyze financial reports for organizations
  •  Create balance sheets, income and loss statements, tax statements
  •  Offer services to public in need of financial advice and expertise
  •   Prepare company expenditure reports, pay slips and balance sheets
  •  Work on wealth management, financial advice and tax audits
  •  Suggest tax mitigation for business investments
  •  Auditing, bookkeeping and budget control
  •  Keep check on profit/loss, cash flow estimates and capital budget
  •  Deal with direct tax, wealth tax, income tax and filing returns
  •  Provide consultation in internal audits, corporate law , project planning
  •  Act as arbitrator for dispute settlement, handle work related to insolvency
  
Skills Required for a Chartered Accountant:
  •  Excellent numerical ability
  •  Good business acumen
  •  Strong communication & negotiation skills
  •   Independence of thought and integrity
  •  Concentration, meticulousness and attention to detail
  •  Logical and analytical skills
  •  Stay up to date with latest policies and laws
  •  Ability to work under pressure with deadlines
  •  Basic computer and financial software skills


Career Map for Chartered Accountant:






































Abbreviations: 
  • CPT: Common Proficiency Test  
  • ICAI: Institute of Chartered Accountants of India (http://icai.org)  
  • IPCC: Integrated Professional Competency Course  
  • ATC: Accounting Technician Course

Specializations:
  •  Accountancy & Auditing
  •  Taxation & Cost Accountancy
  •  Investigation
  •  Share Valuation
  •  Budget Planning
  •  Inventory Control

Curriculum for Chartered Accountant:



Job Avenues for a Chartered Accountant:
  •  Registered Audit firms
  •  Chartered Accountancy Firms
  •  Management Consultancy firms
  •  Law Firms
  •  K.P.O’s and B.P.O’s
  •  Banks and Financial Institutions
  •  Equity Research Firms
  •  Tax Advisory Firms
  •  Risk Management Firms
  •  Own Proprietary Practice

Other Related Careers:
  •  Accounting Technician (ATC)
  •  Cost Work Accountant (CWA)
  •  Company Secretary (CS)
  •  Tax Preparer
  •  Auditor
  • Chartered Financial Planner (CFP)
  • Certified Internal Auditor (CIA)
  • Certified Public Accountant (CPA)

Growth Track for Chartered Accountant:




















 




Salary Expectation:
  •   Avg. Salary for junior accountants is Rs. 25,000 to Rs. 30,000 per month
  •   Avg. Salary  for experienced CA’s is Rs. 50,000 to Rs. 80,000 per month
  •   CA’s can earn handsomely through their own practice
Regards,
Farzad Damania
Head Counsellor

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