As a chartered accountant, you will be in charge of the financial documentation of a company or an organization and will be providing professional opinion regarding the fiscal decisions of the firm.
Chartered accountants provide financial management services by working in private practice, private firms or in the public sector. They audit accounts, prepare financial reports and documents, provide trustworthy information about financial records and taxation, and maintain records of investments with the aim of maximising the profitability for the client or employer.
Studying any stream at the 10+2 level and securing a minimum score would be a prerequisite for admission into accountancy courses. But taking commerce stream will help you build a proper base in the subject.
For candidates who wish to pursue any finance related field, taking maths as a subject will be an added advantage.
After plus two, you can directly enrol for CA foundation course. Completing a four month study period after passing the 10+2 examination is the minimum requirement for appearing in the CA foundation exam.
Graduates are exempted from taking the CA foundation. As most of the syllabus of CA Intermediate courses are covered in BCom, doing a BCom and appearing directly for CA Intermediate will always be beneficial
ACCA offers a globally accepted Chartered Accountant Certification. You can register for ACCA after 10+2 and pursue it along with a degree, preferably BCom. You can acquire an ACCA membership on completion of a professional examination and an ethics module conducted by ACCA. You will also need 3 years of supervised accountancy experience. It should be noted that ACCAs have certain restrictions for practicing in India.
CA Intermediate consists of 2 groups of subjects. You have to clear both groups (by taking exams for either group or both the groups at a time). The minimum requirement for taking the CA Intermediate course is completion of 8 months of study and a pass in CA foundation. Commerce graduates/post-graduates with 55% marks or other graduates/post-graduates with 60% marks are also eligible.
After passing either of the groups or both groups of subjects in CA Intermediate, you can start your articleship. Articleship will involve a 3 year practical training with a practicing chartered accountant.
Passing both groups of CA Intermediate and completing the articleship are the minimum requirements to register for CA Final. You have to undergo a compulsory Four Weeks Advanced Integrated Course on Information Technology and Soft skills (ICITSS) during the last two years of practical training but before appearing in the Final Examination.
You can be designated as a Chartered Accountant after acquiring an ICAI Membership on passing the CA Final exam.
Chartered accountants must have the skills to analyse and interpret simple and complex data to solve problems and make decisions.
Good communication skills are required for a chartered accountant as they must be able to listen to their client’s needs and communicate financial information with them effectively.
Chartered accountants require basic skills in maths and statistics to analyze and interpret facts and figures.
Chartered accountants need to work within deadlines, thus they should possess excellent time management skills to be competent and successful.