12th results are out and One of the most asked questions, is ‘what to do next..?’ and it is more confusing when you are flooded with tonnes of options. Selecting the right career path can be a daunting experience if you have no idea what you want to do. Picking up and focusing on a certain career path will help inform your decisions about your professional growth as you gain skills and experience. Your career path should account for your ambitions, future plans, your interests and skills. Taking into account these factors can help you choose the right career options and make strategic decisions over time.
If you are contemplating about becoming a CA then you must first consider if it is the right career option for you. In this article, we will explore in detail about Chartered accountancy and why you should consider on becoming a CA in India.
Table of Contents
What is CA?
Chartered accountancy or accountancy means the same. This profession involves the management of finances for an individual or an organisation. This includes managing financial accounts, auditing, budgeting, taxation and business strategy.
The difference between an accountant and a chartered accountant is that the latter has taken an in-depth education for years and has passed multiple exams in various phases of accounting to earn the title of a chartered accountant.
What does a chartered accountant do?
A Chartered Accountant is an integral part of all the financial and commercial transactions that happen all around us. In broad terms, A chartered Accountant deals with the financial and accounting matters related to financial planning, auditing and taxation. CAs are professionals who work in various sectors of the economy, managing the finances of an individual or organisation providing financial advice and helping out with money management.
This can be for a business, individual or government. These are their main duties. But, they may try into other areas too, like – Law, Risk assessment, Investment banking, etc.
The Institute Of Chartered Accountants Of India
An Authorized body certifies candidates as a Chartered Accountant after testing the candidate on the grounds of accountancy, analytical skills, taxation, corporate laws, business practices among many others.
In India, CA education and the practice of it is maintained by the ICAI. ICAI stands for The Institute Of Chartered Accountants Of India. The ICAI is responsible for the maintenance and quality of the CA course delivered in India.
Skills for becoming CA in India
CA is one of the most looked-after professional courses in India. Chartered accountancy can be challenging. It is a dream profession for lots of people and is highly rewarding too. However, as far as the ideal candidate for becoming a chartered accountant is concerned students who are comfortable with number and accounts, have an eye for detail and can do the financial analysis are just perfect to become CA in India. If you have a liking towards financial management, mathematical reasoning, accounting, taxation or auditing then you should pursue Chartered Accountancy.
Along with this, a CA candidate needs to have skills that include good analytical and quantitative problem-solving, problem sensitivity, commercial awareness, communication, teamwork skills along with ethics, professionalism, and eye for detail.
Chartered Accountancy as a career offers several benefits along with a range of career opportunities to choose from. As a CA, you will have a variety of options! You can start your own CA Firm or continue to study further, else you can find a well-suited job from the biggest registered companies to the most fascinating and powerful organizations, or you can start teaching.
All the organizations, in whatever field they may be, require the need for advanced financial experts for their company. They find CA’s to be the best suited for such jobs you will have numerous options to go ahead to work for the highest levels of accountancy, finance or business.
As a CA, the world will be your shellfish. Chartered Accountancy is not only popular and in-demand in our country, but also it has the same reputation in other countries too. So if you are interested to make an international career CA provides the best opportunity. You can work in the best organisations in India or abroad. The CA qualification is globally acknowledged and recognized all over the world. Furthermore, they offer excellent packages even to young and fresh Chartered’s.
And apart from earning well after qualifying as a CA, you will always have lots of reputation for just being one! You will be happy and proud of your judgment of attempting the CA course, once you pass as a CA. Not just you, but the people who know you, will also hold a feeling of pride introducing you as a Chartered Accountant.