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Chartered Accountancy is primarily about accounting, auditing and taxation. A chartered accountant is trained in various aspects of finance and accounting. Chartered Accountant helps companies and individuals in tax planning and compliance. Styled as complete business solutions providers, these professionals’ role play includes ensuring compliance with regulatory requirements, capital structure and planning, organizational development, conducting and preparing feasibility study and project reports, mobilizing financial resources, installing internal accounting and budgetary controls to giving advice on issues such as joint ventures, foreign collaborations, amalgamation, merger, diversification, product pricing, BPO etc.
A CA is a highly – prized individual who can go right up to the higher echelons of a company, becoming the chief financial office or something similar.
Apart from a few legal requirements, a Chartered Accountant can do what an MBA, a company secretary, a cost and works accountant or CIMA (the US’s Chartered Institute of Management Accountants professional) can do. A CA is an all rounder, He can bat, He can bowl and He can field.”
Scope of Chartered Accountancy
The scope of chartered accountancy is very wide. Before becoming a full-fledged CA, one has to do an articleship, something like an internship, which is part of the study programme. Ashok Haldia, former Secretary, Institute of Chartered Accountants of India (ICAI), says that articleship enables chartered accountants to perform different roles.
“With a little adaptation, many CAs look after marketing, HR and research and development. Thanks to the training, he’s a multi-faceted personality.” And CA plus an MBA degree is a “deadly combination”.
Finance is the centre of any business activity and anybody with expertise in finance can and would find many opportunities. (Despite the slowdown) The market demand for Chartered Accountants in india is almost at the same level. The average package offered in ICAI’s March-April 2009 campus placement programme was about Rs. 6 Lakh, the same as February-April 2008.
More information about Career in Chartered Accountancy or Courses in Chartered Accountancy log on to IndiaAcademic.com
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