The Benefits Of Being A Chartered Accountant

BALASUBRAMANYA B N (CCI STUDENT....) (44668 Points)

29 July 2010

The degree of a chartered accountant is one of the most prestigious degrees in the world. It is not easy to become a chartered accountant considering the difficult courses and examinations that he is supposed to undergo. In fact a chartered accountant is considered to be a cut above the other accountants as he has completed a rigorous two years post graduate program along with the work experience at the same time while pursuing his studies. The chartered accountant is the most in demand finance professional in the world today. Some of the benefits that a chartered accountant enjoys are:

a) A chartered accountant is one of the most sought after professional in the finance industry. There is a great dearth of young accounting professionals in the financial domain. It would provide you with leverage as the qualification of a chartered accountant is the highest and the toughest qualifications to have. Being a chartered accountant can provide you with a whole lot of opportunities.

b) A chartered accountant would always have more opportunities to work overseas

as the degree is recognized by a large of number of nations.

One can get a head start against the other accountants as he can

work in any of the member countries like- Canada, US, UK, Hong Kong, New Zealand and many more.

c) According to a recent survey the global competition for the accountants is increasing with every passing day. The degree of a chartered accountant would also always hold one in good stead.

d) The financial expertise as well as the business knowledge can make the CA a business leader in his country.

e) The in depth experience as well as the rigorous training that a CA undergoes can help him in entering the higher echelons of management. Some of the CEOs of the world's biggest companies are all chartered accountants.

There are many other benefits that can be accrued to a chartered accountant. Being a globally recognized qualification, a chartered professional is the perfectly suited qualification on a global scale. The training that he undergoes prepares him to face any situation howsoever complex and difficult it might be as far as the finances of an organization are concerned.

Some of the key areas that a CA works on are checking the veracity of the company's financial reports, bookkeeping, advising on tax and many other responsibilities.

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The Growing Need of Accountants and Accounting Services

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How do Forensic Accountants Reduce the Risk of Business Affairs?

Forensic accountants are certified accountants who use their understanding of business information and financial reporting systems, accounting and auditing standards, and procedures to help the government agencies and private companies. They also investigate and gather evidence for the litigation procedures. Furthermore, they act as advisers and audit committees, fraud deterrence engagements, and assist in investment analyst research. Hence, Forensic accountants are catalysts who play active role in proactive risk reduction by designing and exercising extended procedures as part of the statutory audit.

However, Forensic Accountants generally do not provide opinions, but the work they perform and reports they make provide answers to all questions i.e. how, where, what, why, and who. They are consistently involved in terms of utilizing the technology to identify anomalies and inconsistencies.

Forensic Accountants interpret, summarize, analyze, and present complex financial and business related issues in such a manner that it is properly supported as well as easily understood.

Forensic Accountants normally exercise the following:

They investigate and analyze the evidences pertaining to finance of the respective company or agency.

They create computerized applications to support the analysis and presentation of financial evidences.

They communicate their findings with the help of reports and then exhibit the prepared documents.

Last but not least, they assist in legal proceedings such as giving evidence in the court as professional witnesses and preparing visual aids to support trial evidence.

Moreover, for the proper exercise of these services, Forensic Accountants must be well-aware of the legal concepts and proceedings. In addition, they must be able to recognize the issues on which they are dealing.

The work domain for Forensci Accountants are not limited; they can be employed in public practice and also can be employee of private companies such as insurance companies, big and medium-size companies, and banks. Apart form this, they can also employed by government agencies, police forces, and other governmental organizations.

Today, with the increasing international as well as national business affairs, the use of Forensic Accountants is becoming more prevalent each year. Besides, development of sophisticated technology has made fraud easier which in turn has increased Forensic Accountants’ works. Earlier they had to spot and investigate fraud but now they also need to be smart enough to offer solutions and should provide assistance in developing programs and practices that could ultimately deter the fraudulent activity.

The Benefits Of Being A Chartered Accountant

b) A chartered accountant would always have more opportunities to work overseas

One can get a head start against the other accountants as he can

work in any of the member countries like- Canada, US, UK, Hong Kong, New Zealand and many more.

c) According to a recent survey the global competition for the accountants is increasing with every passing day. The degree of a chartered accountant would also always hold one in good stead.

d) The financial expertise as well as the business knowledge can make the CA a business leader in his country.

e) The in depth experience as well as the rigorous training that a CA undergoes can help him in entering the higher echelons of management. Some of the CEOs of the world's biggest companies are all chartered accountants.

Some of the key areas that a CA works on are checking the veracity of the company's financial reports, bookkeeping, advising on tax and many other responsibilities.

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A Charted Accountant is well versed in various issues such as:

Taxation

Tax assessment

Cost accounting

Financial investigation of fraud

Opportunities for Charted Accountant are also available in the field of:

Liquidation of companies

Company secretarial functions

Valuation of shares when there is any proposal for merger and acquisition

The above mentioned points explain the usefulness of a Charted Accountant in a business firm. In depth knowledge about the above issues make the business opportunities of a Charted Accountant more bright in the finance market.

Chartered Accountants are well versed in the issues related to:

Legal system

Taxation

Cost accountancy

Management accountancy

And sometimes even software packages

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books

The Growing Need of Accountants and Accounting Services

How do Forensic Accountants Reduce the Risk of Business Affairs?

Forensic Accountants normally exercise the following:

They investigate and analyze the evidences pertaining to finance of the respective company or agency.

They create computerized applications to support the analysis and presentation of financial evidences.

They communicate their findings with the help of reports and then exhibit the prepared documents.

Last but not least, they assist in legal proceedings such as giving evidence in the court as professional witnesses and preparing visual aids to support trial evidence.

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