A chartered accountant is a person who manages finance of an institution through audit and taxation. They help the management to keep the finance tallied and matched . They can be employed in any firm where there is a handsome amount of financial transaction every day, every week or an year. They look after taxation matters and does the internal audit. They can easily understand if a fake transaction happens in the financial settings of a company. They calculate, check and audit the transactions.
The job of a chartered accountant is to manage the financial transactions of a company according to the laws of the government. A chartered accountant will go through financial documents to check for any mismatches or in discrepancies. They update reports on financial standing of the institution. A chartered accountant has to be very keen and observant to find out any mismatches. They tally sheets and help the organization in achieving their financial goals.
The job of an Chartered accountant is very hectic .One must even spend over nights to finish the accounts of an organization. The training to work over hours will be given during the article ship training for three years. If you can work in the big four firms (Delloitte ,EY ,PWC and KPMG) then it is a cherished profession for many as well to be a CA one must be very hard working to pass the exams as well as to perform well for the articleship offered by firms
To become a chartered accountant one must pass 12th std from a recognized university.
Step 1 CPT (Common Proficiency Test)
It is the first level of Chartered Accountancy examination in India. It contains four basic subjects(If you have done your bachelors in commerce then you can skip the first part of your chartered accountancy exam).
Step 2 Integrated Professional Competency Course (IPCC)
It is the second level of exam conducted by the Institute of Chartered Accountants in India.
Step 3 Articleship
The student must do three years of article ship in any CA practicing firm.
Step 4 Final Exam
After the successful completion of article ship the candidate must pass the final exams conducted by the Institute of Chartered Accountants in India.
A chartered accountant can start his own practice and take up accounts of leading companies. Before starting their own consultancy they must have sufficient experience working with the masters. At the same time they can also work as financial advisors to many companies and institutions.
The annual salary of a chartered accountant is Rs 7 lakh. With experience you will be able to get An average salary of Rs 10, 00,000 per year.
