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Chartered Accountant (CA)

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Chartered Accountant (CA)

Summary

Behind every successful business is a team of chartered accountants, who are trained to minimize losses and maximize gains while remaining in the jurisdictions of the law and following all industry-specific regulations. The role of a chartered accountant can cover many activities, depending on the type and size of organization they work for. The duties of a CA include preparing financial reports and documents, maintaining records of investments, reviewing potential financial risks as well as providing professional opinions in regard to the fiscal decisions of the firm. They play a strategic role by providing professional advice, aiming to maximize profitability on behalf of their client or employer.

Career Opportunities as a Chartered Accountant (CA)

  • Public/ Private Practice Practice
    Chartered accountants in practice, work within an accountancy firm providing a range of accountancy and tax services to clients. These include business advice, management consultancy, audit and taxation. Firms vary in size from the sole practitioner to multinational accountancy firms.Chartered accountants in practice, work within an accountancy firm providing a range of accountancy and tax services to clients.These include business advice, management consultancy, audit and taxation.Firms vary in size from the sole practitioner to multinational accountancy firms.
  • Government Organizations
    Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues.Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues.
  • Business Enterprises
    Chartered accountants are often employed within a business organisation using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organisations ranging from top listed companies to smaller organisations.Chartered accountants are often employed within a business organisation using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organisations ranging from top listed companies to smaller organisations.
  • Corporate finance
    Large firms often have specialised departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals.Large firms often have specialised departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals.
  • Not for profit organisations
    Their work in this profile may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits.The work may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits.
  • Banking and Insurance Sector
    Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same.Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same.
  • Law Firms
    Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain.Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain.
  • Civil Services
    One of the best career options to be considered for a CA is that of civil services which range from All India Services to Group A services including Indian Audit and Accounts Services, Indian Defence Accounts Services, Indian P & T Accounts and Finance Service, Indian Civil Accounts Service and Indian Railway accounts Service.One of the best career options to be considered for a CA is that of civil services which range from All India Services to Group A services including Indian Audit and Accounts Services, Indian Defence Accounts Services, Indian P & T Accounts and Finance Service, Indian Civil Accounts Service and Indian Railway accounts Service.

How to Become a Chartered Accountant (CA)

Stream Graduation After Graduation
path 1
Clear Class XII in Commerce Stream (Recommended)Pursue Bachelors of Commerce (full time) and continue with CA Step 1 - Clear the Competency Professional Test (CPT). Step 2 - Clear Integrated Professional Competence (IPC) Examination. Step 3 - Pursue Articleship for 3 years Step 4 - Clear the CA final exam -
path 2
Clear Class XII in Commerce Stream (Recommended)Pursue Bachelors of Commerce in any financial field .for 3 years. (Recommended).Clear Integrated Professional Competence (IPC) Examination.Pursue post graduation in any financial field for 2 years.

Pursue Masters in Commerce or Masters in Business Management and continue with CA

  • Step 1 - Clear Integrated Professional Competence (IPCC) Examination.
  • Step 2 - Pursue Articleship for 3 years
  • Step 3 - Clear the CA final exam

Important Facts

  • CPT is held twice a year in the months of June and December. The exam can be taken by 12th passed or graduates or post graduates. However, graduates and post graduatescan directly enroll for IPC examination. The Institute of Chartered Accountants of India (ICAI) administers the CA exams all over India and is the only foremost institutes to do so.
For clearing the final CA Exam young CA aspirants have to appear for three years internship as practicing CA and then he/she is eligible for the final CA exam.

Leading Institutes

Top CA Institutes in India
College Location Website
Institute of Chartered Accountants of India, Bhawan Delhi www.icai.org

Work Description

  • Scrutinize financial statements to ensure that they are accurate and comply with laws and regulations
  • Calculate taxes owed, prepare tax returns, and ensure that taxes are paid properly
  • Review account books and accounting systems for efficiency and use of accepted accounting procedures
  • Assess financial operations and make best-practices recommendations to management
  • Suggest ways to reduce costs, enhance revenues, and improve profits
  • Review the company's systems and analyze risk;
  • Advise clients on tax planning and tax issues on business acquisitions and mergers;
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