Qualifying for your Chartered Accountancy exams can be quite challenging but after completion, you are guaranteed to land yourself a decent job or even consider working for yourself, as a sole proprietor.
After clearing CA final exam, you become a member of the Institute of Chartered Accountants of India (ICAI) and that opens many other
opportunities for you because a CA is not only required in a single company or
industry but in every other sector.
A Chartered Accountant can open their own CA firm or can join a CA firm and work in the following capacities: –
- Ø
Internal
auditing
- Ø
Accounting
and finance
- Ø
Bookkeeping,
financial preparations
- Ø
Forensic
auditing
- Ø
Tax
auditing
- Ø
Statutory
audit under applicable statutes
- Ø
Taxation
advisory
- Ø
Managing
treasury etc.
The list does not just end here, your role as a CA
can differ from the kind of organisation/business that you choose to work for.
You can even work for various sole proprietors on a freelance basis so that your
clients are not just limited to one company. You can even choose a
specialisation field if you like and work with people in a similar
profession. And if you choose to open your own firm can even become a job
provider to other CAs.
Chartered accountants are highly demanded in India and with the new taxation rules coming so frequently, even the most common man is in need of a CA to sort out and help with their finances. So your scope is not only Limited to private companies but also open for entrepreneurship and government organisations. And As you go further in your career, your learning and experience only creates more demand for you and you will be able to fetch yourself quite high pay packages.
Here are a few ways in which you can practise Chartered Accountancy:-
1. Auditing
Auditing is one
of the most important jobs of a chartered accountant and from small scale to
very reputed high-level corporate clients require a chartered accountant to
audit their financials. Conducting a statutory audits of companies, forensic
auditing, cooperative audits and internal audits of companies or a few of the
things that you can venture into. Traditionally speaking auditing would include
filing tax returns of individuals/companies, tax auditing of various firms or
even government organisations or politicians.
2. Taxation
With the rules of
taxation changing so frequently in the country, visuals as well as deputed
companies need chartered accountants to help them understand those laws more
clearly and to help them save the most they can. As a Chartered Accountant, you
can join Income tax, GST or a customs consultancy that would involve you giving
consultancy to various clients about tax planning. And since you’re already a
qualified CA, you can also get those clients to do their work further and other
finances as well. Some consultancy is also deal with international taxation
where the company is involved with some foreign company or is a subsidiary of a
foreign client to help them figure out the best ways to deal with import/export
taxes.
3. Finance manager
As a finance
manager you can help by monitoring and developing budget of an organisation.
You will also be responsible for setting the organisation‘s future spending
plans in order to make a significant financial gauge. You are answerable for
working in a timely manner and reporting various aspects of the finances and
the alternatives that can be considered. For companies to hire a finance
manager, it is important that you show how incredibly capable you are in
working with different Monetary view points and handling those difficult
situations above all.
The career opportunities are endless and since the course is so diverse, it prepares you for almost every other field that comes under business and finance. So some other options that you can consider is getting into civil or government services, insurance sector, entrepreneur and you can even become a teacher, if you have the capability to offer appropriate guidance with speciality then teaching could be the perfect field for you.
Comments
Post a Comment