The craze of becoming a CA i.e. Chartered Accountant has always been there among the youth, especially among the students of the commerce stream. By the way, there is bound to be a craze, because after becoming a CA, not only will you have a great package in your pocket, but respect will also increase in society.
As far as job prospects are concerned, almost every company needs professionals who have expertise in accounting and auditing. Apart from the job in this field, there is also an option to start private practice.
Every country has its own accounting association. The Institute of Chartered Accountants of India (ICAI) was established in India under the Chartered Accountancy Act – 1949.
Important work like quality of Chartered Accountant, syllabus, examinations and issuance of licenses are done under the supervision of this institute. But the more prestigious the CA profession, the more challenging it is. Know Career after CA.
What Is CA?
The occupation of a CA is to plan monetary records, give monetary guidance, dissect review accounts and accomplish charge related work. In CA, you can make a decent vocation by doing a task in Banking, Tax and Accountant. CA Stands for Chartered Accountants. To turn into a CA, you must have a CA degree.
How to Get a Government Job after CA?
After clearing CA final exam you become a member of Institute of Chartered Accountants in India (ICAI). After this you can apply for a CA in your name. You have many opportunities in Government jobs for CA, after becoming a Chartered Accountant. There is no such company or industry in the world where CA is not required. Let us tell you about the opportunities available with CA.
A Chartered Accountant in his own practice
- 1. Company Secretary in Practice,
- 2. Chartered Accountant in Practice,
- 3. Cost Accountant in Practice,
- 4. Architect Professional,
- 5. Advocate,
- 6. Engineer (Chartered) and
- 7. As an Actuary Professional Can practice.
By the way, practice has become an old thing in today’s time. In fact, there is a lot of competition in the current times and there is a lot of pressure from the client side, due to which self-practice is not very beneficial.
Partner in any audit/consultancy form
There is a lot of craze among the current generation for global audit/tax/consultancy companies. Being a partner in a big company is not easy. You have to join there first. Then from manager to senior manager to associate director and later to partner. Often people leave the job after some time when there is pressure on them. If you can handle the pressure, there are great opportunities.
You can also do any government job. If you clear the civil services exam, then later you can become the chairman or president of institutions like Income Tax Appellate Tribunal, SEBI. But to reach these posts, one has to serve for a long time in a government organization.
Career in industry
From manufacturing, information technology, automobile, steel, there are many industries where you can work. You have to be prepared to deal with corporate challenges. If you deal with these things and meet the requirements of the management and investors, then you can reach the post of Chief Financial Officer.
Those who are interested in stock market, forex, derivatives etc can work for banks or NBFC (Non Banking Finance Company). If you work in foreign banks, then you will get more benefits as compared to public and private sector banks. Their range is huge. You will get global clients, which will give a lot of growth opportunities.
Career in Insurance Sector
If you want to take risk in risk management, insurance policy and other fields, then you can make a career in this field. It is also necessary to have knowledge of finance for this.
It is the statutory body authorized to recognize Chartered Accountants in India. Which is continuously working in relation to it. Regarding the facts related to this like What is CA and How to get government Job after CA? has been discussed in detail. So that you can get the necessary information related to becoming a CA. Hopefully Now you can understand how you can become a chartered accountant.
It also acts as a regulatory body in the management of CA profession in the country. To become a member of ICAI, it is mandatory for a person to complete the course designed by ICAI.
The job of a Chartered Accountant includes managing finances, including managing bank accounts, budgeting, auditing, business strategy, and taxation. All these works are related to commerce streams. Therefore, commerce students are more involved in the field of CA.