SUMMARY
Behind every successful business is a team of chartered accountants, who are trained to minimize losses and maximize gains while remaining in the jurisdictions of the law and following all industry-specific regulations. The role of a chartered accountant can cover many activities, depending on the type and size of organization they work for. The duties of a CA include preparing financial reports and documents, maintaining records of investments, reviewing potential financial risks as well as providing professional opinions in regard to the fiscal decisions of the firm. They play a strategic role by providing professional advice, aiming to maximize profitability on behalf of their client or employer.
WHAT ALL CAN I DO?
Chartered accountants in practice, work within an accountancy firm providing a range of accountancy and tax services to clients. These include business advice, management consultancy, audit and taxation. Firms vary in size from the sole practitioner to multinational accountancy firms. Chartered accountants in practice, work within an accountancy firm providing a range of accountancy and tax services to clients. These include business advice, management consultancy, audit and taxation. Firms vary in size from the sole practitioner to multinational accountancy firms.
Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues. Chartered accountants in the government sector have the important duty of ensuring that governmental bodies are transparent, efficient, ethical and responsible in their use of funds. They investigate white collar crimes, perform financial statement audits for government agencies and conduct research on emerging accounting issues.
Chartered accountants are often employed within a business organisation using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organisations ranging from top listed companies to smaller organisations. Chartered accountants are often employed within a business organisation using their financial knowledge and expertise to control the management of the business and to help it develop. They can occupy roles such as finance director or fund manager within organisations ranging from top listed companies to smaller organisations.
Large firms often have specialised departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals. Large firms often have specialised departments in corporate finance. Work involves securing finance for company mergers, acquisitions, management buy-ins and buy-outs and capital reconstructions. A job in corporate finance requires skills in negotiation with finance providers, lawyers, researchers and other key professionals.
Their work in this profile may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits.The work may involve treasury management, procurement, financial management or producing reports and recommendations following internal audits or public-sector audits.
Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same. Chartered Accountants (CAs) are thrust with responsibility to authenticate various information submitted to the Regulator by an insurance company. While insurance companies need experts to present their performance meaningfully to the public, stakeholders need professional advices for a meaningful interpretation of the same.
Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain. Chartered accountants working for law firms are trained in financial areas unique to the legal profession. One might handle projects exclusive to legal accounts and work with multiple clients on a diverse range of issues. Forensic accounting is one of the upcoming fields in this domain.
Company Secretary (CS) in the industry deals with a wide range of opportunities in terms of finance, accounts, legal, personel and administration of a company acting as an executive adviser, helping the board to mold governance principles and practices in order to fulfil the essential needs for the effective functioning of the organisation. A CS is a specialist professional relating to company laws.
Individuals with the field of commerce can also join Civil Services or, in particular, the Indian Economic Services/Indian Statistical Services. Moreover, they can also pursue Law, design, defense or opt for being professors.
WORK DESCRIPTION
- Scrutinize financial statements to ensure that they are accurate and comply with laws and regulations
- Calculate taxes owed, prepare tax returns, and ensure that taxes are paid properly
- Review account books and accounting systems for efficiency and use of accepted accounting procedures
- Assess financial operations and make best-practices recommendations to management
- Suggest ways to reduce costs, enhance revenues, and improve profits
- Review the company’s systems and analyze risk;
Advise clients on tax planning and tax issues on business acquisitions and mergers;