Wednesday, August 8, 2012

Career as a Chartered Accountant

Chartered Accountancy (CA) is a professional accounting course which was introduced in 1949 in India. With the coming up of MNC’s in India the scope of this course has increased manifold, and now this course is attracting a lot of young people and witnessing a rapid growth. The main task of a chartered accountant is to handle finance related matters, to deal with money management and audit accounts along with providing financial advice to the company.    

Eligibility: -

To become a chartered accountant you need to pass 10+2 exams. To take admission in chartered accountant course you need to pass Common Proficiency Test (CPT), conducted by Institutes of Chartered Accountants.  It takes four years to become a Charted Accountant. The second stage of the course includes Professional Competence Course (PCC), articled training, and 100 hours of Information Technology Training (ITT). The third stage is the Final Course to which students is registered after clearing PCC.
Students can also opt for General Management and Communication Skills Course (GMSC) while undergoing Final course or after that. Students are eligible to enroll with the Institute of Chartered Accountants of India to become Chartered Accountants, after passing, the final examination. CA course offers 100% job assurance.

Skills and Aptitude: -

An aspirant chartered accountants course must have good numerical ability and analytical mind to interpret facts and figures correctly.

Career Prospects: -

Chartered accountants are appointed as auditors of companies. A fresh chartered accountant can also start their private practice of audit and consultancy. The consultancy work is more profitable now days. This work contains financial accounting, which includes supervising, operating accounts, controlling and organizing income and expenditure and coping with taxes. The other areas of consultancy are cost accounting which involves working out cost of a particular operation as well as minimizing costs of the operation. Chartered Accountants can also take the work of Tax Management. It requires minimization of incidence of direct and indirect taxes using legal means.
Other then this CA’s can also advice to business on various financial matters like corporate law advice, project planning and finance

Remuneration: -

The profession of Chartered Accountancy is highly paid.  Average salaries for fresh CA’s are 15,000 to 25,000 per month while a senior C.A. can earn 50000 to 60000 per month in domestic markets. In foreign countries salaries may go up to 5,00,000 p.m.  
Chartered Accountants who are working as consultant and doing private practice are also making good returns depending upon the kinds of clients they have.

Top Coaching institutes

In India many coaching institutes are giving good coaching to the CA aspirants. You can join a coaching institute after seeing the past results of the coaching institute.

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