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 Minoo Damania
Counsellor & Training Specialist
Career Nurturer
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