Full Form of CA
CA stands for Chartered Accountant.
It is a highly qualified designation. The working areas of Chartered Accountants can be of business & finance, including taxation, auditing, financial and general management. And They are hired for all types of organizations such as private firms, public sectors etc.
Few of them are employed in public practice work and few of them are employed in private practice work. and some are hired by government bodies organizations.
In India, Chartered Accountants are governed and managed by the Institute of Chartered Accountants of India (ICAI).
Currently, As the record of 1st April 2019, the Institute had 2,91,698 members.
What are the Eligibility Criteria for CA?
- Candidates who want to become CA should have completed their class 10th and 12th examination or an equivalent examination from a recognized education board.
- Applicants should have a Bachelor’s or Master’s degree with at least 60% marks in aggregate in all the subjects in any stream other than Commerce.
- Applicants having Bachelor’s or Master’s degree in Commerce with at least 55% marks are also exempted from appearing in CA CPT.
- To become eligible for CA CPT, Applicants should have to accomplished the eligibility criteria which laid down by the exam conducting authority, i.e. Institute of Chartered Accountants of India (ICAI).
To become eligible for CA CPT, Applicants should have to accomplished the eligibility criteria which laid down by the exam conducting authority, i.e. Institute of Chartered Accountants of India (ICAI).
ICAI has dictated the basic eligibility norms for Applicants which must be accomplished for appearing for CA CPT examination. The eligibility requirements of CA CPT specifies the above conditions related to educational qualification, registration etc. In case any candidate fails to fulfill the CA CPT eligibility criteria, then, his/her candidature will be considered as disqualified.
Jobs in different firms for CA
There are innumerable opportunities for a Chartered Accountant. Here is an illustrative step wise list given below :
- Stock Market– Strategic Financial Management is a subject in the curriculum and is taught at all levels of the course. Analyzing and Investing in the stock market, observing the bull and the bear sentiments, reading the financial statements of the companies and other nitty-gritty of the same comes easily to a CA.
- Own practice/Consulting– Post qualification, one can either grab for a job or start his/her own practice in public or private sectors. A number of fields open up when you lead from the front and you become the boss.
- Teaching– One can also teach CA students after post qualification. Because of the inherent complexity of the course, a large number of students take classes for the curriculum. One can make a lot of money and also stay updated via teaching.
- Managing and taking forward family owned business – Some of them who have taken their family owned businesses to a higher trajectory with their erudite knowledge.
- Startups– More than being a course or a degree, Chartered Accountancy is a way of life which teaches about variety of things from the first day when you are induced to the course. A number of ideas strike you as you study in detail and your business with enhances. Many of CAs have given up their jobs and joined the startup league.
- Industrial Job/ Job in a CA firm- One can also do a job in firms or an industries and a lot of avenues are available like :
- Taxation Advisory (Both Direct and Indirect)
- Statutory Audit under applicable statutes
- Career in Accounting and Finance
- Internal Auditing
- Tax Auditing
- Forensic Auditing
- Managing Treasury function
- Others like Finance Controller, Book Keeping, Preparation of financials for companies, etc.
With the ever changing business environment wherein we hear everyday something new coming up, be it Goods and Services Tax, Application of Indian Accounting Standards, Convergence with International Financial Reporting Standards, etc.
So, the role of a Chartered Accountant cannot be over-emphasized.
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