Everything you want to know about Chartered Accountants

Written By PracticeGuru dated: 28th September, 2021

4 Min Read

We will discuss today everything you need to know about Indian chartered accountants.

Excited to know? Let's get into the detailed discussion right away.

What is Chartered Accountant

Charetered Accountants are finance and tax professionals who have passed exams conducted by Institute of Chartered Accountanst of India and also went through training in real world. They are accountants with higher skills and training. They are someone who can handle finances and taxes and so many other things for businesses. They understand these areas of business like no one else do. They are masters of these 2 fields.

What do Chartered Accountants do?

Chartered Accountants handle finance and tax departments of businesses.

Chartered Accountants handle following works

1. Finance
2. Tax Compliances
3. Audits
4. Handling transactions like mergers and amalgamations
5. Representing clients with tax authorities

Who can become a Chartered Accountant

Any student who has passed 12th Exmas can appear for CA exams. One can also do CA fater graduation where they can skip some steps as compared to doing CA after 12th grade.

Who should choose to become a Chartered Accountant

Anyone who likes finances or taxes should do chartered accountants course. Someone who is ready to work hard and long hours should consider this course. Passing this course is one of the most difficult task, so one needs to be patient.

What are the benefits of becoming Chartered Accountant

1. Higher Salary
2. Status in the nsociety
3. Big posts in companies
4. Financial security
5. Job security

There are huge opportunities for Chartered Accountants as far as job vacancies on various job portals are concerned. There is lot of demand for CAs.

What are the negatives of becoming a Chartered Accountant

1. Late night working
2. Requirement of learning continuously
3. Stress
4. Difficult to become a CA
5. Headache of Tax Portals
6. Risk associated with signing documents

What is Salary of Chartered Accountant

Salary of Chartered Accountants depend upon where he works. Whether he takes up a job in industry or in a CA firm. Whether he works in small CA firm or in Big4 CA firms.

Starting Salary of CA may be in range of Rs. 3 lakhs to 9 lakhs.

What are different work options for chartered accountants?

1. Practice
2. Job in Industry
3. Job in Small CA Firm
4. Job in Big 4 Firms
5. Youtuber
6. Coaching Classes
7. Professor
8. Starting own business

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