In India, only a member of the Institute of Chartered Accountants of India (ICAI) is allowed to put his skills as a chartered accountant in practice. In order to do that, one has to clear the final examination conducted by ICAI. However, that’s not enough to start off a career as a chartered accountant. One also has to register with the board of studies and serve as an audit clerk for a practicing chartered accountant
Given the nature of the job, most chartered accountants hold at least a graduate degree in commerce, although this is not an essential requirement. Even graduates in non-commerce subjects can become members of ICAI if they successfully clear the intermediate and final exams. This option is also open to students after 10+2 provided they complete a foundation course of one-year duration.
Chartered Accountant Career
Chartered Accountants, by the nature of their job description, are practically indispensable for the proper working of a company. This is because the job of a Chartered Accountant is one of number crunching and understanding the intricacies of financing, accounting, and auditing. As a company needs to be financially stable and sound in order to survive and profit, jobs for chartered accountants abound in both, public and private sectors.
In order to discharge his duties properly, a chartered accountant should not only be extremely comfortable with numbers and be able to make sense of them, but he should also be practically trained in the areas of business and corporate laws and taxation.
The fact that this profession is as lucrative as it is demanding has ensured that a number of colleges offering chartered accountant courses have sprouted up in recent times across the country.
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