Chartered Accountant: All You Need Know
Chartered Accountant is a degree where an individual earns one of the key roles in a company. Getting into CA requires intense hard work and good financial knowledge. The globally respected designation offers diverse career opportunities not only in India but in abroad as well. To become a Chartered Accountant, below mentioned points can direct you to your goal:
High School: The ideal subjects that have to be studied are business, accounting, economics, Maths and English. The subjects listed are relevant to the filed and will help you in your business as well as future studies. The subjects syllabus is vigilantly designed to create a base for Chartered Accountant.
Graduation: Graduation doesn’t hold that much importance for Chartered Accountant but it is recommended to pursue a valid graduation as it helps to get a good paying job in multi-national companies. A Chartered accountant aspirant can pursue graduation in B.com or Accountancy with mathematics and economics are core subjects.
Choose a right path: Having a clarification of what stream you want is pretty much required. There are different types of Chartered accountant i.e. Chartered Accountant Audit, Chartered management Accountant, Chartered certified Accountant and Chartered Finance and Public Accountant. The fields have variable differences.
Coaching pertaining to accounting: A Chartered accountant aspirant should enroll himself or herself in accounting and economics classes, as these are the core subjects that will build a foundation for Chartered Accountant.
Enrolment in a Chartered Accountant Training Program is mandatory: No education is complete if a student doesn’t get a chance to gain practical knowledge as well as exposure. There are many colleges and companies that offer profound trainings in Chartered accountant. Many students prefer working in their last year of graduation as an intern in multi national companies. Companies offer exceptional trainings and then at the end of the year, hire the most intelligent and thoughtful interns.
Work as a professional for at least 3 years: Chartered Accountant claims loads of professional experience and normally an experience of 3 years in a good organization is appreciated. It makes it easier for the students to gain on the job experience and learn while earning.
Chartered Accountants are individuals that earn surprising well in private as well as government sectors. They are professionally trained to minimize losses and multiply gains in a company. The main task of CA is to handle the tax work and help businesses and individuals reduce their tax liability. They have the capability to earn on project basis too. The US Bureau of Labor Statistics has reported according to a survey conducted by them that financial managers are able to work directly for saving institutions as well as commercial banking.
Other duties of a Chartered Accountant involve analysis and research, which further they utilize reports and financial funding.
Chartered Accountant can also work independently for own personal clients. Down the line with optimum experience, Chartered Accountants can train other financial aspirants. They can collaborate with the training companies and give lectures and educate other students who wish to make their mark in the financial sector.
Education sector can help Chartered Accountants earn a handsome salary as they can collaborate with the firms that conduct CA exams. Many professional CA check the exams sheet of the students who give CA exams. Many times they are paid more than their regular paying job for checking the answer sheets of young CA aspirants.
To conclude, for any career to reach a glorifying stage, all that is required is firm determination and intensified hard work as it can do wonders.
Read about the entrance exam for it.