Chartered accountants were the first accountants to form a professional body in 1854 in Scotland. They work in both the government and private sectors, managing finances, taxation, and business strategy. Becoming a chartered accountant requires years of training and exams. While the career is challenging, it offers benefits like high and stable salaries, ongoing career opportunities, and strong demand across industries like businesses, financial institutions, and consultancy firms. The career provides scope for working independently or for organizations.
2. CHARTERED ACCOUNTANTS
Introduction:-Chartered accountants were the first
accountants to build a professional accounting body.
It was built in 1854 in Scotland. The royal character
was given by the Edinburgh society of accountants and
Aberdeen society of accountants.
Some are employed by the government and other work
in the private sector.
3. INTRODUCTION:-
To stay competitive, Chartered Accountant course
institutes require maximum members to run a minimum
level of continuing professional development.
They make special interest, for instance, entertainment
and media. One of the reasons why people choose
chartered accountants is not because of the pay, it is mainly
because it is not easy to become one. It is a very difficult
task.
The path to becoming a CA is tough and it can be easily
said that it is one of the, if not the toughest professions.
We like to keep our career guides very real and honest, so
we had to open with the big truths about this profession.
4. What is chartered accountancy?
This includes managing financial accounts, budgeting,
business strategy, and taxation.
The difference between an accountant and a chartered
accountant is the training of years and has passed too
many exams in various forms of accounting to became
a chartered accountant.
5.
6. What does a chartered accountant
do?
They are the professionals who work in various sectors
of the economy, managing the finances, providing
financial advice, and helping out with money
management. This can be for an individual or
government
7.
8. Why build a career in chartered
accountancy?
The main reason to make a career in it is that it is very
well-paid. The world runs on money and every
business needs to manage its finances and help in
filing taxes.
As a chartered accountant, the limits of work are
endless. In all industries, all organizations need
financial management and chartered accountants are
the solution.
13. Demand for chartered
accountants-
They are always in very high demand in the sectors
mentioned above. You can work for a business or an
organization and help to manage their accounts, taxation,
or auditing. You can also work independently.
Financial institutions are always on the lookout for skilled
chartered accountants, which is a good opportunity for
employment. It is a very crucial stage for them. Working for
consultancy firms is another way to show your skills.
Consultancy firms assign chartered accountants to their
various clients to help them with their own financial goals.
So, if you wish to work for multiple clients then a
consultancy firm might be getting fit for you.
14.
15. PROS AND CONS-
PROS CONS
Six-figure pay Ongoing learning which is likely
difficult
High demand job according to workLong working
hours
Growing opportunities At the end of the
financial year Difficult deadlines are given
Stable salary Very less stress
16.
17. JOB DESCRIPTION-
Knowledge of GST, TDS other compliances as per Laws
Maintaining Supervising all accounting entries
Filling of Income Tax returns to prepare balance sheets
To assist in reporting of the financial reports on daily /
monthly / yearly basis
Salary 2 Lac To 3 Lac 50 Thousand P.A. Industry
Accounting / Auditing / Taxation Work Experience 1 -
3 Years Qualification Other Bachelor Degree