Saturday, April 25, 2020


Career opportunities after CA


By : TOI-Online | Apr 23, 2020, 07.59 AM IST
   
NEW DELHI: People say a Chartered Accountant (CA) is an institution in itself. After completing your CA, you are not only qualified to get a decent job for yourself but also you become a job giver. And the choice is always yours what you want to become. 

After clearing CA Final exams you become a member of Institute of Chartered Accountants in India (ICAI). Now you can use the CA prefix in your name. As you are a chartered accountant, you have almost all the choice on earth when it comes to a choice for a job. Remember there is not a single company or industry where CAs are not required.

Basically there are three types of opportunities you can explore a) Practice CA, b) Entrepreneurship or c) Join any CA firm.

If you wish to do practice as a CA you can do the followings 

Doing practice as an individual or as sole proprietor is an outdated concept these days, because of intense competition, pressure from clients. Hence it is advisable to start a partnership firm with a minimum four chartered accountants. You can also start a LLP firm in accordance with LLP act 2008. 

Chartered Accountants can enter into practice with 

Company Secretary in Practice
Chartered Accountant in Practice
Cost Accountant in Practice
Architect professional
Advocate as defined by Bar Council of India
Engineer (Chartered)
Actuary Professional


Starting consultancy firm/becoming partner of big audit

Owning or partnering in a big audit firm is a challenging task. In order to become a partner in an audit firm you need to start as an employee in that firm. Gradually you will attain various positions in the firm like from manager to senior manager to associate director and thereafter become partner.

Job in a CA firm

A Chartered Accountant can pursue career in following firms:

1) Internal Auditing
 2) Tax Auditing
 3) Forensic Auditing
 4) Career in Accounting and Finance
 5) Taxation Advisory (Both Direct and Indirect)
 6) Statutory Audit under applicable statutes
 7) Managing Treasury function
 8) Others like Bookkeeping, Finance Controller, Preparation of financials of companies, etc.

Work as a teacher

One can also do a part-time teaching if he/she is working in an institute and the firm allows him/her to work as a teacher. 

How to become a CA


After passing 12th class, you need to enroll yourself for CA foundation course through any institute approved by ICAI. After completing the foundation course, you will be promoted to CA Intermediate course.

There in the intermediate you have to clear examination of two groups (Group 1 and Group 2) having four subjects each. Only by clearing any group, you will be eligible for the CA Articleship, but before awarding the articleship you must have cleared both the groups.


After clearing the Group exams, you will be eligible for CA Articleship and then you need to clear the CA Final examination. After that ICAI will award you a degree and you will be eligible to use CA as a suffix to your name. In minimum five years you can be a Chartered Accountant.

https://timesofindia.indiatimes.com/home/education/news/career-opportunities-after-ca/articleshowprint/75310500.cms


No comments:

Post a Comment