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Chartered Accountant (CA) As A Career

Chartered Accountant (CA) As A Career

Summary

Behind every successful business is a team of chartered accountants, who are trained to minimize losses and maximize gains while remaining in the jurisdictions of the law and following all industry-specific regulations. The role of a chartered accountant can cover many activities, depending on the type and size of organization they work for. The duties of a CA include preparing financial reports and documents, maintaining records of investments, reviewing potential financial risks as well as providing professional opinions in regard to the fiscal decisions of the firm. They play a strategic role by providing professional advice, aiming to maximize profitability on behalf of their client or employer.

How to Become a Chartered Accountant (CA)

StreamGraduationAfter Graduation
Path 1
Clear Class XII in Commerce Stream (Recommended)Pursue Bachelors of Commerce (full time) and continue with CA Step 1 - Clear the Competency Professional Test (CPT). Step 2 - Clear Integrated Professional Competence (IPC) Examination. Step 3 - Pursue Articleship for 3 years Step 4 - Clear the CA final exam-
Path 2
Clear Class XII in Commerce Stream (Recommended)Pursue Bachelors of Commerce in any financial field .for 3 years. (Recommended).Clear Integrated Professional Competence (IPC) Examination.Pursue post graduation in any financial field for 2 years.
Pursue Masters in Commerce or Masters in Business Management and continue with CA
  • Step 1 - Clear Integrated Professional Competence (IPCC) Examination.
  • Step 2 - Pursue Articleship for 3 years
  • Step 3 - Clear the CA final exam

Important Facts

  • CPT is held twice a year in the months of June and December. The exam can be taken by 12th passed or graduates or post graduates. However, graduates and post graduatescan directly enroll for IPC examination. The Institute of Chartered Accountants of India (ICAI) administers the CA exams all over India and is the only foremost institutes to do so.
For clearing the final CA Exam young CA aspirants have to appear for three years internship as practicing CA and then he/she is eligible for the final CA exam.

Leading Institutes

Top CA Institutes in India
CollegeLocationWebsite
Institute of Chartered Accountants of India, BhawanDelhiwww.icai.org 

Work Description

  • Scrutinize financial statements to ensure that they are accurate and comply with laws and regulations
  • Calculate taxes owed, prepare tax returns, and ensure that taxes are paid properly
  • Review account books and accounting systems for efficiency and use of accepted accounting procedures
  • Assess financial operations and make best-practices recommendations to management
  • Suggest ways to reduce costs, enhance revenues, and improve profits
  • Review the company's systems and analyze risk;
  • Advise clients on tax planning and tax issues on business acquisitions and mergers;

Pros & Cons of a Career as a Chartered Accountant (CA)

Pros
  • Good remuneration and social status
  • Good for people who like to work without much social interaction
  • High demand for CA professionals
Cons
  • Requires much hard-work and patience
  • Long hours of work and difficult to maintain work-life balance
  • Takes more time to settle down in the career

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