Career as a Chartered Accountant


Summary

A Chartered Accountant is in charge of a company or organization’s financial documentation. This position requires careful monitoring of each financial transaction with additional emphasis on how these transactions affected the general setting of an organization. Aside from financial documentation and its effects, chartered accountants are also in charge of taxation. They also provide financial reports and could also provide financial management services. Chartered accountants offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. Generally, they play a strategic role by providing professional advice, aiming to maximize profitability on behalf of their client or employer. In public practice firms, chartered accountants provide professional services to fee-paying clients who might be private individuals or large commercial or public sector organizations. In commerce, industry and the not-for-profit and public sectors, they may work in treasury management, procurement, and financial management or in reporting roles.

Chartered Accountants usually go through various financial documents while noting these transactions for future references. They also use the data for additional responsibilities such as taxation, spending and earning reports. A chartered accountant could also work with the auditor to make ensure spending is done according to the law and the organization’s specifications. Chartered accountants could also create reports that would update the organization of its financial standing

Work Environment

A Chartered Accountant can work for a financial consultation firm as part of the accounting team. There are also chartered accountants hired by companies to constantly monitor their financial transaction and standing. Some chartered accountants, especially those with advanced studies, sought employment as teachers. A chartered accountant can set-up a small accounting firm. There are also chartered accountants that work as freelancers where they provide accounting services and taxation to small and medium sized businesses. There is also the opportunity to work independently by setting up as a sole practitioner.

Working hours vary depending on the role and the organization, working extra hours in the evening and at weekends is quite common in order to meet deadlines, particularly in larger firms. Trainees can usually have time off in lieu of any overtime worked. Flexible working arrangements are possible (usually after qualification).

Entry Level Education

  • Common Proficiency Test (CPT)
  • Integrated Professional Competence Course (IPCC)/IPCE
  • C. A. Final
  • Three years Article ship / Training under a Practicing C.A.

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