Do numbers amaze you? Are you interested in dealing with the finances of big companies? Do you want to play your part in saving a company from conflicts and bankruptcy? Then a career as a Chartered Accountant is your dream career.
This field is one of the most popular career options in India. Frankly, it is not easy to become a CA but if you do so, this profession offers a great career path, salary and huge respect among people.
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Who is a Chartered Accountant?
Chartered Accounting is the core of businesses of all scales. It is the first step to other careers like fund management, investment consultancy and finance.
A Chartered Accountant offers financial advice to clients ranging from multi-national companies, public organizations to small-scale independent companies and individuals. A professional CA is employed by an organization to handle their account data, tax dues and investments. They also help in conflicts settlements and prevent companies from getting bankrupt.
Services provided
Career as a CA is considered a reputed job. They preserve the credibility of public expenditure. They ensure whether the taxpayers have earned their money value through efficient monitoring and distribution of resources accurately.
The following are some of the services provided by CAs:
- Tax Accounting.
- Auditing
- Financial Accounting.
- Cost Management.
- Budget Analysis.
- Financial Analysis and risk management.
Required Education and Eligibility
10+2 subjects play an important role to pursue a career in C.A courses.
- Commerce students of 10+2 have to secure 50% aggregate to enrol in C.A courses. Non-commerce students have to secure a 60% aggregate. Students of commerce without math subject have to secure 55% of marks.
- After 10+2, aspirants have to get enrolled in ICAI (Institute of Chartered Accountants of India) for foundation course. Prepare for a minimum of 4 months before appearing for CA – Foundation exam. A minimum of 50% marks has to secure for getting enrolled in intermediate or IPCC programs.
- Aspirants who have completed their graduation/post-graduation can directly enrol in CA intermediate course in IPCC. Commerce graduates have to secure 55% and non-commerce students should secure 60% to get direct entry into Intermediate courses.
- After successful completion of the intermediate exam, CA candidates have to complete 4 weeks of special training in Integrated Course on Information Technology and Soft Skills (ICITSS).
- Undergo 3 years of training or article ship under certified CA after completion of IPCC examination.
Required Skills and qualities of Chartered Accountants
- Excellent Communication and interpersonal Skills.
- Analytical and problem-solving Skills.
- Numerical and Learning Skills.
- Project management.
- Hard work and Discipline.
- Detail oriented and time management skills.
- Business and Commercial awareness.
- Strategic planning.
- Possess ethical values.
- Follow a logical and methodical approach.
Top Colleges to pursue C.A courses in India
- Institute of Cost Accountants of India (ICAI).
- N.S. College Of Engineering And Technology ( DNSCE), Amroha
- ETEN CA, Bengaluru.
- Modern Academy (MAC), Vijayawada.
- Pannaikasu Veerammal Paramasivam College ( PVP COLLEGE) , Dindigul.
- Shri Ram College of Commerce, Delhi.
- Vivekanand College, Surat.
- Narsee Monjee College of Commerce and Economics, Mumbai
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Career Options for Chartered Accountants
- Auditor
- Accounts Clerk.
- Business Services Accountant.
- Chief Financial Officer (CFO).
- Costs Accountant.
- Tax Accountant.
- Financial Controller.
Employment Sectors
The following are the employment areas where C.As can work in after gaining required skills and qualifications.
- Public and Private Sector Banks
- Public Limited Companies
- Auditing Firms
- Stock Broking Firms
- Finance Companies
- Investment Houses
- Legal and Patent Firms
- Portfolio Management Companies
Top Recruiting Companies
The following are some of the top companies that a C.A can work in:
- HDFC
- Indian Oil
- Deloitte
- EY
- American Express HSBC.
- SS Kothari Mehta & Co.
- Bhatia and Bhatia Chartered Accountants
- Real-time Taxsutra Services.
Salary and Career Prospects
The salaries of Chartered Accountants depend on the experience level of candidates with the average salary being INR 7, 86,098 LPA in India.
The entry level positions offer INR 3- 11 LPA. CA’s with 5- 9 years can earn INR 4.5-20 LPA. CAs with experience of 10-19 years can earn INR 6-25 LPA.
The market for young CAs is growing tremendously growing from 4-5 years. CA’s requirement has remained constant irrespective of changes in global trading procedures and structures. They may act as financial advisors and controllers for individual companies.
There are many jobs in fields like financing, consulting, tax administration etc. Chartered Accountancy is one of India’s most pursued courses by students that have seen an increase of 10-15 %.
– Samiya Firdous
