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Chartered Accountancy

Published On: 27 Jun 2012 | Last Updated On: 01 Aug 2013

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 one 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 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.

The chartered accountancy course is conducted in three levels in India. Common Proficiency Test is an entry-level programme. A student can appear for (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 which 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.

Basic Eligibility:

  • Candidates should have passed senior secondary examination (10+2) or equivalent examination to be eligible to apply.
  • Commerce graduates with Auditing, Accountancy, Commercial law are also eligible for pursuing the program.

Specializations:

Some specializations offered under this course:

  • Auditing
  • Cost accountancy
  • Accountancy
  • Taxation

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. Other opportunities available for chartered accountants are in capital markets, business houses and industry. They can also have their own consultancy or private practice which could be more lucrative and satisfying. They are also well placed in government sector as director finance, chief executive or the Head of the Department of the accounts, information technology etc. They help the government for proper implementation of accounting system. Job opportunities for chartered accountants are lucid in foreign countries also.

Few Job Profiles:

  • Finance Managers
  • Financial Analysis
  • Financial Planning
  • Financial Advisors
  • Directors
  • Financial Controllers

Remuneration:

A graduate may start earning Rs. 25,000 – 30,000 per month, depending upon the reputation of the concerned company. Experienced accountants may receive more than Rs50,000 pm. Those involved in private practice can earn handsomely, provided they are recognized.

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