Overview:
As the present economy has seen the rapid development, careers in finance & accounts have obtained tremendous popularity. In this field, the most influential career option is said to be Chartered Accountant. In general, Chartered Accountancy is defined as a dynamic, rewarding and challenging profession. Almost every country has their individual accountancy association that will regulate the quantity and quality of experts in this field. ICAI or the Institute of Chartered Accountants of India is responsible for conducting the CA course. This course involves an amalgamation of practical training and theoretical education that run concurrently for a duration of three years. It will equip students with ability, skills, knowledge and other similar qualities needed by a professional accountant.
A chartered accountant is an individual who is recognized as a member of ICAI, if he or she has passed the final chartered accountant examination carried out by the institute. Besides training period, the program of chartered accountant is of 2 years. It has nearly three sections that include competency professional test, professional competency examination as well as final examination. The interested students might register any time as the registration for PCE and CPT is open all through the year. But it is very essential that students should register as a minimum of ten months previous to the examination since the examinations would be conducted twice a year in the month of May and November. If you have passed the professional competency exam, then you will become eligible for audit or articled clerks for the purpose of practical training.
Eligibility:
After 10th class, students could able to register for competency professional test of Chartered accountant program. There would not be any restrictions for age of the candidates or even marks that they have secured in the 10th examination. Keep it in mind that computer training program will be compulsory for aspirants who have registered for auditor clerk. Candidates who would like to shine in this career must possess a pleasing personality, natural instinct and practical approach in order to deal with figures for doing better in this vocation.
Job prospects & work area:
The tremendously growing trade industry together with the rapid development of money and capital markets in the economically developing nations has increased the significance of chartered accountants to a great deal. Furthermore, all the companies that are registered under Companies Act should have their accounts articled only by hiring Chartered Accountant. If you are a certified chartered accountant, then you have the choice of joining both government service and public sector undertaking. The responsibility of a CA is to assure that the organization’s financial transactions are maintained as per the law along with managing tax matters.
CA can work as financial controllers, finance managers, financial directors or advisors and even keep track of finance in the company management on a regular basis. The chief areas of work are accountancy, cost accountancy, auditing, investigation, taxation and consultancy as well. You can also help the government to properly implement the accounting system.