Opportunities for Chartered Accountants

Opportunities for Chartered Accountants

Chartered Accountancy provides highly rewarding and challenging careers in every conceivable segment of trade, industry, commerce, government & non-government / non-profit sectors. A profession that imparts the best of technical skills in financial and management areas and abilities necessary for deciding and acting upon high-pressure situations. Chartered Accountants today have occupied top management positions in public as well as private sectors. They also render professional services as accountants and management consultants.

CAs today are part of the top management team and hold key positions in the corporate sector and government. Rapid changes taking place in the economy have further opened up new vistas of opportunities for Chartered Accountants. On becoming a Chartered Accountant, you have many options for pursuing a challenging and rewarding career.

Independent Professional Practice: Sky is the Limit

As practitioners of public accounting and auditing, CAs may start professional practice as a proprietor or join any existing firm as a partner or staff member. A CA has been entrusted with substantial responsibility of complying with the provisions of various legislations such as compulsory audit of the accounts of all companies, banks, cooperative societies, stock brokers, big income-tax assessees, large bank borrowers, etc. A Chartered Accountant also provides compilation and review services as and when required by enterprises. While practicing as an independent professional, a CA also acts as a business advisor by providing all kinds of services including preparation of financial reports with restructuring of finance options preparing financial projections showing how the loans shall be repaid, and determining the viability of businesses. As a tax advisor, a CA helps businesses and individuals to comply with tax laws and represents their clients before government agencies. Risk Management and Internal Audit are also growing areas of professional practice
Opportunities in Global Arena

Today, Indian Chartered Accountants have an impressive presence throughout the globe holding eminent positions. Many MNCs as well as KPOs prefer Indian CAs for their expertise in IFRS, International Taxation, International Trade Laws and
Accounting in IT environment.

Management Consultancy Services

As a management consultant, a CA can also identify, evaluate and recommend ways to increase revenue and reduce operating costs, analyse operations and suggest changes in structure and individual responsibilities, conduct special studies, prepare recommendations, plans and programmes and provide advice and technical assistance in their implementation. The breadth of management advisory services rendered by Chartered Accountants reflects their clear response by application of their technical knowledge and business experience to the client's changing needs. Such services includes.
Financial management planning and financial policy determination such as capital structure and related areas. Preparation of project reports and feasibility studies.  Management accounting systems, cost control and value analysis. Budgeting  inventory management, working capital management.
Business policy, corporate planning, organisation development, growth and diversification.
Systems analysis and design, and computer related services. Advisor or consultant to public securities issue. Investment counselling in respect of securities. Quality audit, energy audit and environmental audit.

Opt for Industry/Government Organisation

A Chartered Accountant may prefer to join an industry or government organisation and hold a responsible position. Chartered Accountants are responsible for developing, analysing and reporting on information needed for business decisions. They also evaluate the financial effects of management's actions. A Chartered Accountant may also take up the job of an educator at a University/College. Many Chartered Accountants hold responsible positions in businesses or industrial firms as CEOs, Managing Directors, Directors (Finance) and Chief Accountants. The Institute has the Committee for Members in Industry which, inter alia, assists newly qualified members of the profession in finding jobs in the Industry. This committee organises campus interviews for these members and acts as a link between the industry and professionals. Over the years, the Campus Placement Programmes have received tremendous response.