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IMPORTANCE OF CA

Chartered Accountants are industrious and intelligent beings. If you find yourself industrious as well as intelligent, you are perhaps the right person to go for it. All the countries have their own Accountancy Association which regulates the quality and quantity of these professionals. In India it is the Institute of Chartered Accountants of India (ICAI) which does the job of regulating the profession of Charted Accountancy. It was set up under the Chartered Accountancy Act of 1949.
Career in CA gives you a high platform for dealing with big corporate houses. Chartered accounting career is a highly sought after career course for long time now and with the increase in the business volumes, their importance has realized new heights. Those who come out successful in PE-1, (Professional Examination) PE-2 and Final along with completion of two and half years of practical training and a 15 days course on General Management and Communication skills are eligible to apply for the membership of Institute of Chartered Accountants of India. A chartered Accountant holds prestige in the society and earns handsomely
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                                                   CA as Career option

There is no dearth of jobs for Chartered Accountants.

After acquiring the membership one can either choose to do public practice or join any organization at the public sector or private sector.Career option for a chartered accountant is therefore varied.
  • General Practice: The Institute of Chartered Accountants of India predicts that audit and standard taxation services would soon be replaced by growing opportunities on relationship based services. The Chartered Accountants are required to assess the risks of the companies designing control system to counter those risks.
  • New Assurance and performance measurement services
  • Change management: This includes making changes at the ownership, structural and operational levels.
  • Stakeholder value creation
  • Strategic management
  • Finance: The expertise of Chartered Accountants are in high demand in financial administration, Capital markets and international
  • financial regulation
  • Financial Reporting
  • Tax compliance
  • Tax Advice and Planning
  • Corporate Finance
  • Insolvency and corporate Recovery
  • Management consultancy.


Remuneration

Chartered Accountancy is a well-paid profession, be it Government Service, private firms or own consultancy. Most multi-national firms provide numerous perks besides the salary such as medical benefits,  ; house allowance and so on. Some of the average monthly earnings range between Pre Qualification Rs. 2,500 - Rs.3,000, Fresh CA's Rs. 5,000 - Rs. 6,500, Accounts Managers Rs. 6,500 - Rs.8,500, Financial Controllers Rs. 8,500 - Rs. 15,000, Directors Rs. 10,000 - Rs. 25,000 and an experienced CA's may get monthly earnings more than Rs. 50,000 in India and 5,00000 in abroad, according to the company they work for or depending upon the cities they are working in. This depends up on the involvement, commitment, hard work and dedication to the job.