Chartered Accountants are technically indispensible for a company's proper functioning due to their job description. This is because a Chartered Accountant's work entails crunching numbers and comprehending the complexities of finance, accounting, and auditing. Jobs for chartered accountants are plentiful because a company's financial stability and soundness are needed for it to thrive and profit. A chartered accountant must not only be highly comfortable with statistics and be able to interpret them, but he must also have practical experience in the fields of company and corporate law, as well as taxation. Since this career is both lucrative and challenging, a variety of colleges offering chartered accountant courses have sprung up across the country in recent years.
How to become a Chartered Accountant
Only members of the Institute of Chartered Accountants of India (ICAI) are permitted to practise as chartered accountants in India. In order to do so, one must pass the ICAI's final test. However, this is insufficient to begin a career as a chartered accountant. Additionally, one must register with the board of studies and work as an audit clerk for a practising accountant. Because of the nature of the profession, most chartered accountants have at least a bachelor's degree in commerce, but this is not a prerequisite. If they pass the intermediate and final exams, even non-commerce graduates may enter the ICAI. This choice is also available to students who have completed their 10+2 and have completed a one-year foundation course.
Chartered Accountant Careers
Since chartered accountants have such a specific set of qualifications, they can find work in a wide range of industries. When I was younger, I decided to be a chartered accountant. Possess ensures that work openings are open in all industries. After passing the intermediate test, which must be completed within ten years of the start of practical training, and the final exam administered by the ICAI, an aspiring chartered accountant has access to the market.
A few examples of Chartered accountants' jobs include:
executors of wills and trusts jobs
auditing firms
public or private sector banks
investment management companies
legal houses or stock brokers.
Chartered Accountant Salary
The ICAI holds work placement fairs for newly trained CAs on a regular basis. During the August to October 2014 placement sessions, the maximum pay was Rs.17 lakh per annum for domestic placements and Rs.24 lakhs per annum for foreign placements.
Tata Consultancy Services Ltd., The Federal Bank Limited, ITC Limited, Barclays Joint Service Pvt. Ltd., ICICI Prudential Life Insurance Co. Ltd., Cairn India Ltd., Coca-Cola India Inc., L&T, Marriot Hotel, Jindal Steel and Power Ltd. & Alghanim Ltd., Wipro Limited, and many other reputable businesses attend the CA job fairs to recruit.
Chartered Accountant Courses
Courses in chartered accountancy are conducted by the ICAI through five regional centers at Mumbai, Kolkata, Chennai, Kanpur and New Delhi. These regional offices encompass a total of 81 branches spread all over the country.