With the rapid advancement and growth in economy, careers in finance and accounts have gained wonderful and enormous popularity and the most reckoned career option in this file is that of CA (Chartered Accountant). Basically, Chartered accountancy is a very challenging, dynamic and honoring profession. Every country has its own possessed Accountancy Association that regulates the quality and quantity of professionals in this arena. In India, ICAI (Institute of Chartered Accountants) has been formed in the year 1949, with the enactment of Chartered Accountants Act, whose responsibility is to conduct Chartered Accountancy Course.
A Chartered Accountant is the one who specializes in accounting, taxation and auditing. The accountant turns into chartered only after acquiring its membership. He/ She serves as a management and corporate caretaker. In recent era, chartered accountancy has become famous as a profession. The services of Chartered Accountant are required and significant in small businesses as well as money matters. In addition, as per the Company Act, CA is the professional practice that is permitted to be appointed as auditors of companies in India. A person who is accepted as a member of ICAI after having passed the final examination of Chartered Accountancy course carried by the institute is considered as Chartered Accountant (CA).
The courses proffered in chartered accountancy are like a blend of theoretical education and practical training. The theoretical segment involves the passing of PE-1, PE-2 and final part. Collectively, students are expected to go 2 years six months of practical training and a 15 days course on Communication skills and General management. To appear in the examination, it is significant for the candidates to register their name with Institute of Chartered Accountants of India. Exams were held twice in a year and the minimal amount of period for each level of study is 10 months duration time.
After attaining the membership of Chartered Accountancy, one can either go for public practice or join any organization at the public or private sector. Thus, accordingly the career options for Chartered Accountant are categorized:
Anyone who has a 10 + 2 can enroll for the Professional Education Course I.
Chartered Accountancy is a well paid and reputed professional area.