The field of accounting has always been in demand because it is the backbone of every business. Accounting is present in every industry and as a result, the requirement of skilled Chartered Accountants is higher than ever. These professionals have reshaped the way businesses and individuals around the world meet their financial goals. Chartered Accountant jobs include much more than just filing tax returns and maintaining books. Financial planning is essential for every business and Chartered Accountants help in accomplishing the same.
Role of a Chartered Accountant
There are four principal areas in which Chartered Accountants operate,
A major portion of Chartered Accountant jobs is within an accounting firm. Chartered Accountants in public practice provide financial, business advice and management consultancy services to a wide range of clients. Moreover, new accountants who work for a public accounting firm may assist as staff auditors who examine and validate activities in specific allocated client accounts. This doesn’t usually require any communication with clients.
Chartered Accountants occupy job roles like Fund Manager, Finance Director, etc in a business firm. They provide their expertise for finance as well as accounting to help a business grow.
The field of corporate finance is more of a streamlined department in a business. Working in corporate finance involves negotiating with lawyers, finance providers, as well as researchers.
Forensic Accounting involves investigating cases of insurance, commercial fraud, etc. So in the case of bigger organizations, there are special departments where Chartered Accountants are assigned for this role.
Duties of a Chartered Accountant
- Planning and managing financial records
- Assessing financial operations and offering recommendations to management about the most reliable financial practices
- Checking account books and accounting systems to ensure they are practical
- Adjust accounting books according to the accepted standards as well as accounting procedures
- Developing tax returns and associated tasks
- Reviewing financial statements to make sure they are correct and meet statutory obligations
- Recommending approaches to grow revenue, decrease costs, and enhance profits
Every business requires an accountant who can manage and support their financial records. It empowers the company to judge its success or failure as well as plan for the future. There are distinctive jobs available in this field.
Chartered Accountant jobs can range from entry-level to executive level. An accountant plays an essential role in every business. They are an integral part of an organization, for many purposes like managing payroll, auditing, as well as financial management. Some of the most well-known jobs in the accounting field are:
- Finance Managers
- Financial Controllers
- Financial Advisors
- Finance Directors
- Certified Public Accountant
- Chief Financial Officer
- Chartered Management Accountant
- Company Secretary
Because of the individual demand in various companies, the demand for accountants is expanding. Qualified applicants can find jobs in public, private as well as non-profit industries and companies.
An entry-level CA can earn an average salary of up to 6.5 LPA which is approximately 55k per month. However, with relevant work experience, a CA can earn up to 9 LPA or even more depending on the company they work for.
Washija is a content specialist at Receptix. She has an MBA in Tourism and a passion for creating web content. She is an avid reader, a traveler, and a versatile writer. She has been writing on the topics of education, career advice, and related areas for the past 3 years.