Why CA Course is First Preference of Students & Opportunities for CAs

CA COURSE:  If you ask from a student who just passed class 12 about future plan then he will say that he want to do CA course despite knowing about the passing percentage.

ICAI was established in 1949 and in this past 67 years we have only 300000 CA's (Approx) whereas we have a population of 125 Crores of people and out of which approx 4 crore people file their return .

It's a very broad area and lots of scope for student (Some of the current opportunities and upcoming opportunities is explained in the article). Some students get depressed if they fail or score less marks but they should understand that its CA exams which requires 100% of your energy level .

Still students take admission in CA course because they feel that it's a better area to make their career. None of the corporate can run their business without a CA and even Mr. Ratan Tata has expressed his views on it.

Students who are in CA- CPT, IPC or in Final have to work hard for this two golden letter (CA).

Current Opportunities for Chartered Accountant: There are several Areas of opportunities for Chartered Accountants some of them are discussed below:

Electronic Commerce: The growth of electronic commerce is inhibited by lack of confidence in systems. We see a series of potential projects -consumer to business, business to business, internet service providers and other services.

Risk assessment: Entities are subject to greater risk and more radical changes in fortune than ever before. Managers and Investors are concerned about whether entities have identified the full scope of this risk and evaluates whether adequate precautions are taken to mitigate these risk. Our service is to ensure entities, identification of business risk is comprehensive and evaluates whether the entity has an appropriate system in place to effectively manage this risk.

Performance measurement: Investors and Managers demand is more comprehensive information base than just financial statements. They need a balanced scorecard. The service evaluates whether an entity's performance measurement system contains relevant and reliable measures for assessing the extent to which the entity's goals and objectives are achieved and how this performance compares to its competitors.

Systems quality: Information technology plays a vital role in supporting the activities of profit oriented and not-for-profit organizations. The growth and change that has come about as a result of these trends have important implications. IT changes have created many new opportunities for CAs in areas such as information development, information system design, information systems management and control and system evaluation.

Information System Assurance Service: In the present age of globalization, Information system has become a backbone for any organization in any field (Manufacturing, education, trading etc) . Success of any organization depends upon the information which is generated within the information system. CAs makes sure that the information system has implemented successfully and also all security measure has been crossed checked.

Upcoming Opportunities for Chartered Accountant:  Very soon two major opportunities are coming for chartered accountant.

• Goods & Service Tax
• International Financial Reporting Standards

Few years back an auto rickshaw daughter crack CA and today her entire family life is totally changed.

Proud to be a Chartered Accountant

Note:  In next article will brief the importance and benefits of GST & IFRS.