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CAREER OPTION : Charted Accountant

Date:23/06/2018

 

Charted Accountant

If you feel infatuation towards the fields of business and finance, audit, taxation, financial and general management, then you probably stepped on land to become a CA. Being a CA requires the minimum qualification and your maximum brain utilization. The title is an internationally recognized professional designation. Once you are a CA, you are a highly regarded and sought-after business professional. The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India which conducts and manages all the exams and certifications related to CA (Chartered Accountant) Profession.

A CA manages Accountants of all types and they are responsible for the financial efficiency of a business or organization. Even though CA has the same duties and other accountants, A chartered account (CA) has additional mentored work experience and post-graduation experience.

 

Under the Chartered Accountants Act, 1949 passed by the Parliament of India, The Institute of Chartered Accountants of India was established with the objective of regulating accountancy profession in India.

 

Eligibility to become a CA includes:

 

  • Complete (10+2) course and clear the CA exam
  • Graduate entry for university graduates
  • Professional entry for experienced finance professionals

 

Ladder to CA:

Step 1: Right after passing 10th grade, Enroll with the CA Institute for Common Proficiency Test

 

Step 2: Write HSC exam and then appear for CPT exams – after a period of 60 days of registration

 

Step 3: Join Professional Competence Course

 

Step 4: After passing CPT, undergo 100 Hrs. of Information Technology Training

 

Step 5: Work as an articled assistant or audit assistant for 18 months and then appear in Professional Competence Examination (PCE)

 

Step 6: After passing PCE register for Final course and complete articled training of 3 1/2 years. May undergo General Management and Communication Skills Course during last 12 months of articled training while undergoing Final course.

 

Step 7: Appear for the final exams

 

Salary:

The salary of a charted accountant depends on the location, sector, size and type of firm. Graduates entering the career can expect to earn salaries of up to £25,000. The average earning potential of chartered accountants with two to four post-qualification years of experience is around £56,000.

             

Top coaching institutes for CA are:

  • Academy of Commerce, New Delhi
  • Nahata Professional Academy, Indore
  • Vidya Sagar Career Institute Ltd., Jaipur
  • Yeshas Academy, Bangalore
  • Chanakya Academy for Management and Professional Studies (CHAMPS), Hyderabad
  • K. Shah Classes, Mumbai
  • Agrawal Classes, Pune

 

Where there is a company of business CA is very important as he is the one who sort out all the taxation and other money related issues of the company. Government has added strict rules for taxation and if you have the right CA, he can guide you to sort out very well. Now GST has also been implemented which would make the work of a CA much more.

 

CA is regarded as one of the toughest courses in INDIA and only hardworking and determined are those who ends up in this sector. It is well maintained with tough examination and eligibility criteria. Almost all companies have dedicated team of CA. A CA and CS work and in hand to make the workability of the company to be smooth and perfect and is legally clear to work.

 

In American the qualification of a CS is equivalent to an American Certified Public Accountant.

 

Why Choose CA?

 

CA is one of the courses that is accepted globally as whichever country you are in you can use the CA certification undertaking certain additional examination and become a professional in any country. As account auditing and managing is required you are sure to get a job and good pay with this one qualification you have. You can find your career in MNC's, Corporates, Real estates, Banking and any sectors that has a constant business flow whether it is big or small.

 

Ever green: If business and money are there as a medium, Profession of CA and demand for CA is going to be there. As most of the subjects are related to LAW and Finance, many courses have reduced study span after completion of CA or CS. Many international and National universities give much priority to those who has completes CA and as a job they are high paid. If any person is capable enough to complete CA and CS (Company Secretary) together, He is sure to get a very high package and is always accepted in big companies without difficulty.