What is Chartered Accountancy?
Chartered accountancy or accountancy essentially means the same. The profession involves management of finances for an entity. This includes managing financial accounts, budgeting, auditing, business strategy and taxation.
The difference between an accountant and a chartered accountant is that the latter has taken an in-depth training of years and has passed multiple exams in various aspects of accounting to earn the title of a chartered accountant.
What does a Chartered Accountant do?
Chartered Accountants are professionals who work in various sectors of the economy, managing the finances of an entity, providing financial advice and helping out with money management. This can be for a business, individual or government.
Why should you choose Chartered Accountancy?
The simple reason to build a career in chartered accountancy is that it is a very well paid and secured profession. The whole world runs on money and every business needs someone to manage their finances, help in filing taxes and do audits.
As a chartered accountant, the opportunities to work are endless. Regardless of the industry, every organization needs finance management and chartered accountants are the solution.
Which sectors can you work in? / Scope of Chartered Accountancy
- Businesses and industries
- Chartered accountant firms
- Consultancy firms
- Capital market services
- Financial institutions
- Independent practice
What are the Pros and Cons of a career in Chartered Accountancy?
- Six figure salary
- High demand job
- Growing industry and opportunities
- Stable income
- Ongoing learning
- Long monotonous working hours
- Difficult deadlines at the end of the financial year
- Lots of stress
What are the various levels to become a Chartered Accountant?
- CA Foundation course (previously known as CPT or Common Proficiency Test)
- Integrated Course on Information Technology and Soft skills (ICITSS)
- CA Intermediate (previously known as IPCC or Integrated Professional Competence Course)
- Articleship (3-year training)
- Advanced Integrated Course on Information Technology and Soft Skills (AICITSS)
- FC (Final course)
Becoming a chartered accountant or CA is the first step in the right direction but the next one is equally important. Getting the right job!
When it comes to getting a job, focus on your overall personality. Every employer looks for specific traits in any employee. So, it is equally important to work both on your overall personality and your skills as a CA.
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