Chartered Accountancy
Every business or organization needs a team of Chartered Accountants who are responsible for analyzing financial information, preparing financial reports, maintaining record of assets, accountability, profit and loss, tax liability, or other financial activities to minimize losses and maximize profits while following all industry-specific regulations. Thus, Chartered Accountants play significant role by providing professional guidance, aiming to maximize financial gains on behalf of client or firm.
Role Desciption
Chartered Accountants are involved in analyzing financial information along with records, and then preparing reports related to managing budget, controlling costs, employee compensation, new product development, and tax calculation. They also play a significant role as a lot of areas require accounting, and auditing services. Tax Specialist is another significant branch of accounting professionals and some also work as employee benefits experts. These professionals also prepare income statements and balance sheets that every publicly-held corporation needs to file. Also these professionals plan, prepare budget, analyze, verify and interpret financial transactions and ensure that the records of these transactions are kept, so that the information can be extracted at any time.
Eligibility
Route to Chartered Accountancy Profession
| Route 1 | 10+2 in any stream (preferably Commerce) |
| CA foundation course | |
| Pass CA Intermediate course after 8 months of theoretical education | |
| ICITSS training | |
| 2 Years of articleship training | |
| Crack 4 self paced modules | |
| Advanced ICITSS training | |
| Complete 6 months study period | |
| CA Final Exam | |
| Route 2 | Direct registration for Intermediate Course for certain specified categories of candidates |
| Pass CA Intermediate course after 8 months of theoretical education | |
| ICITSS training | |
| 2 Years of articleship training | |
| Crack 4 self paced modules | |
| Advanced ICITSS training | |
| Complete 6 months study period | |
| CA Final Exam |
Significant Statistics
- CPT can be taken by anyone who has passed 12th, graduation or post graduation course. The exam is conducted in the months of June and December every year. IPC examination can be taken by those who are graduate or postgraduate. These exams are administered by The Institute of Chartered Accountants of India (ICAI) in India.
- For taking the final CA exam candidates are required to complete a three year internship as a practicing CA in India.
- Direct registration route is available to Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/ Post-Graduates (with minimum 60% marks) and Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India.
Pros/Cons
Pros
- Excellent earnings and social rapport
- Involves limited social interaction, thus, free from obligations
- Demand for CA professionals is rising at a higher pace
Cons
- Patience and hard work required
- Work-life imbalance and long working hours
- It takes a lot of time in setting as a CA
Leading Professions
View All
Practicing CA
Chartered Accountants practicing and working in an accountancy firm (public or private) that provides services to clients in the form of business advice, consultancy, and tax guidance are known as Practicing CAs.
15.0LPA
Government CA
Chartered Accountants working in the Government sector ensure that the governmental bodies are using their funds responsibly, efficiently, and ethically. Under this role CAs are responsible for investigating official crimes, performing financial audits for government, and conducting research on accounting issues.
6.0LPA
Corporate Finance CA
Chartered Accountants working in the specialized departments of corporate finance within the large firms are responsible for negotiating with finance providers, advocates, researchers, and secure finance for acquisitions and capital reconstructions.
12.0LPA
Civil Service CA
Chartered Accountants are recruited under Indian Audit and Accounts Services, Indian P & T Accounts and Finance Service, Indian Civil Accounts Service, Indian Defence Accounts Services and Indian Railway Accounts Service to pursue their career as civil servant.
6.0LPA
CAs in NGOs
Chartered Accountants employed at NGOs are responsible for procurement, financial management, auditing reports, and providing recommendations with compliance to internal or public sector audits.
3.0LPA
Banking and Insurance CA
Chartered Accountants working in banks and insurance companies are responsible for authenticating information submitted to the regulator by the firm. Insurance companies that need to present their performance report to the public and the stakeholders are always on the look out for hiring expert Chartered Accountants.
8.0LPA
Legal CA
Chartered Accountants working in law firms are also known as Forensic Accountants and they are trained in analyzing financial statements related to legal profession. They exclusively handle legal accounts and work with various clients on several issues.
7.0LPA
Business Enterprise CA
Chartered Accountants working with the business enterprises be it a large size organization or small-scale organization fall under this category. They are responsible for controlling the management of business and maximizing the financial profits. They work on positions like Fund Manager or Finance Director.
20.0LPA
CAREER VIDEOS
Career Path
Route 1
3 Steps
Skills
Recruitment Area
Market Research Organizations ,
banks ,
insurance companies ,
Accounting Firms ,
Government Financial Departments ,
MNCs .
Recruiters
KPMG ,
Deloitte ,
PwC ,
Landmark Group ,
Kuwait Resources House ,
Qatar Insurance Co ,
Rak Investment Authority ,
Morgan Stanley ,
JP Morgan Chase ,
Citi Bank ,
Luthra & Luthra ,
RM Rajapurkar & Co ,
JS Sundaram & Co ,
ICICI Bank ,
Axis Bank ,
Federal Bank ,
Kotak Mahindra ,
State Bank of India ,
HDFC Bank ,
Reliance Industries ,
Tata Group .
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Exams & Tests
Interested? Take the next step for this career
Route 1
- 3 Steps
Skills Needed
Exams and Tests
Recruitment Area
Market Research Organizations ,
banks ,
insurance companies ,
Accounting Firms ,
Government Financial Departments ,
MNCs .
Recruiters
KPMG ,
Deloitte ,
PwC ,
Landmark Group ,
Kuwait Resources House ,
Qatar Insurance Co ,
Rak Investment Authority ,
Morgan Stanley ,
JP Morgan Chase ,
Citi Bank ,
Luthra & Luthra ,
RM Rajapurkar & Co ,
JS Sundaram & Co ,
ICICI Bank ,
Axis Bank ,
Federal Bank ,
Kotak Mahindra ,
State Bank of India ,
HDFC Bank ,
Reliance Industries ,
Tata Group .
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