Chartered Accountancy

Chartered accountants are professionals in a business organization who examine financial information in order to make sound suggestions on how to invest money. They often use statistical software and spreadsheets to analyze the facts and make reports to their employers. Many analysts specialize in researching and evaluating the securities of companies in a particular industry. They study new products, market prices, and other industry-wide trends. Although there is no way to be sure of future earnings or stock prices, these analysts increase the chances of making profitable decisions by getting the most accurate information available. Excellent numerical ability and an analytical mind to interpret facts and figures correctly are some of the prerequisites of this field. Owing to robust economical growth, chartered accountants are in great demand in India.

Courses and Eligibility:

The Chartered Accountancy course is conducted in three levels in India. The Common Proficiency Test (CPT) is an entry-level programme. A student can appear for the CPT after completing the higher secondary examination. The second stage is Professional Competence Course (PCC), article training, and 100 hours of Information Technology Training (ITT). The third level is the final course that can be pursued after clearing PCC. On completing the final examination, students can enroll themselves with the Institute of Chartered Accountants of India to become chartered accountants.

Career Prospects:

Graduates can be employed as finance managers, financial controllers, financial advisors, or directors and watch over the finances in the day-to-day management of companies. Their main areas of work include accountancy, auditing, cost accountancy, taxation, investigation, and consultancy. There are other opportunities available for chartered accountants in capital markets, business houses, and industry. They can also have their own consultancy or private practice that could be more lucrative and satisfying. They are also well placed in government sector undertakings as director of finance, chief executive, or head of the department of the accounts, information, technology, or other areas. They help the government with the proper implementation of accounting systems. Job opportunities for chartered accountants are many in foreign countries also.

Remuneration:

A graduate’s starting salary is Rs. 25,000 – 30,000 per month, depending upon the company. Experienced accountants may receive more than Rs. 50,000 per month. Those involved in private practice can earn handsomely, provided they are recognized.