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Be Your Own Boss, Pursue a Course in Chartered Accountancy

Nearly one lakh students appear for the ICAI exams every year to fulfil their dreams to become chartered accountants. Interestingly, the percentage of those who clear these exams remains dreadfully low.  However, this doesn’t stop aspirants from pursuing their dream. Let us understand why CA is regarded one of the best career options in India.

What is Chartered Accountancy?

Chartered Accountancy (CA) is a profession that gives you the opportunity to work all fields of business and finance, including audit, taxation, financial and general management.  It is an internationally recognised professional designation.

What does a chartered accountant do?

A chartered accountant’s broad scope of work is to prepare

-Financial reports and documents
-Maintain records of investments
-Provide professional opinions related to the fiscal decisions of the firm

How do I become a Chartered Accountant?

The CA course in India is offered by The Institute of Chartered Accountants of India (ICAI). You can become a CA either through the CPT route or through Direct Entry as a Commerce Graduate.

How many examinations do I have to clear to become a CA?

The Chartered Accountancy examinations are divided into three levels.

-Common Proficiency Test (CPT)
-Integrated Professional Competence Course (IPCC)
-Final Examination

Why is CA a good career option?

A professional qualification as a CA gives you a chance to pursue higher courses such as MBA, CFA, etc. CA aspirants can decide their own study hours and there is no formal college that you are forced to attend. As Articleship is a compulsory part of the curriculum, you can choose the organisation you want to work with during this time. In addition, you can take breaks from time to time and come back in business after refreshing your skills and knowledge regularly.

What are the prospects after completing the CA course with the ICAI?

-Work at an existing firm of Chartered Accountants
-Start independent practice and build your network of clients
-Join the Government Service, Public Sector or even in the Private Sector
-Upgrade qualifications and work in countries such as England, Wales and Australia
-Find lucrative jobs in the Manufacturing and Financial Services sectors

What are some of the positions at which I can work after becoming a CA?

With relevant skills and experience, you can work as

-Chief Accountant
-Chief Financial Officer (CFO)
-Chief Manager- Internal Audits
-Head –Training
-Chief Manager-Management Audits
-Chief Manager- System
-Advisor to the Government

The scope is vast for Chartered Accountancy as a profession. From crunching numbers to becoming Financial Advisors to the most prestigious companies around the country and the world, pursuing a course in Chartered Accountancy will not only put your career on the right track but also help you become an accomplished individual.  

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