Edumilestones is hiring: Chartered Accountant in California

Do you have a natural inclination towards numbers and problem-solving? Do you like accounting and finance? Do you have an innate interest in business? If yes, you should become a chartered accountant.

Chartered Accountant (CA) is a professional who works in the field of finance and business. CA provides financial and investment advice to clients and guides them about money management. Their primary work responsibilities are auditing, taxation, financial accounting, and reporting and its general management. CAs can work in private companies and are also hired by the government.

What are the roles and responsibilities for Chartered Accountant (CA)?

• Prepare, examine, or analyze accounting records and financial statements.
• Analyze financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Establish tables of accounts, and assign entries to proper accounts.
• Provide internal and external auditing services for businesses or individuals.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
• Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
• Report to management regarding the finances of the establishment.
• Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
• Maintain or examine the records of government agencies.
• Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
• Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
• Represent clients before taxing authorities and provide support during litigation involving financial issues.
• Prepare forms and manuals for accounting and bookkeeping personnel and direct their work activities.
• Appraise, evaluate, and inventory real property and equipment, recording information such as the description, value, and location of the property.
• Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems.

What are the key skills required for Chartered Accountancy?

• Budget Management
• Evaluation and Management Auditing
• Strategic Accounts
• Accounting
• SAP
• SAP Financial Accounting and Controlling (SAP FICO)
• Auditing
• Account Management
• Tax Consulting
• Tax Compliance

What are the career opportunities in Chartered Accountancy?

• Cost Accountant
• Internal Auditor
• Treasurers and Controllers
• Chartered Accountants Public Accountant

What is the salary and demand for Chartered Accountant (CA)?

• Demand is high for Chartered Accountancy.
• Salary levels are high for Chartered Accountancy. For freshers, the average salary is more than 5 Lacs.
• Fees levels for the course are medium. To pursue this course, students need to spend 3 to 4 Lakhs.
• Level of preparation for Chartered Accountancy is high. Students spend more than 1 year preparing for the entrance test of Chartered Accountancy.

What education is required to become a Chartered Accountant (CA)?

• Students can do 12th (Commerce/Maths Stream). Then complete a Bachelor's in Commerce. Further, they can proceed to clear the CPT and IPC Exam. After that, they can pursue Articleship for 3 years and clear the CA final exam.
• Students can do 12th (Commerce Stream). Then complete a Bachelor's in Commerce. Further, they can proceed to clear the IPC exam and then the IPCC Exam. After that, they can pursue Articleship for 3 years and clear the CA final exam.
• Students can pursue a Master's in Commerce/Business Management. Then complete the IPCC Exam, pursue Articleship for 3 years, and clear the CA final exam.

What are the best colleges for Chartered Accountancy in India?

For Graduation:

• Shri Ram College of Commerce
• Lady Shri Ram College for Women
• Hansraj College
• Loyola College
• Christ University, Commerce and Management, Bangalore
• Symbiosis College of Arts and Commerce, Pune
• Madras Christian College - [MCC], Chennai
• Mithibai College of Arts, Mumbai

For Post Graduation:

• Shri Ram College of Commerce
• Lady Shri Ram College for Women
• Hansraj College
• Loyola College
• Madras Christian College - [MCC], Chennai
• Mithibai College of Arts, Mumbai
• Sri Guru Gobind Singh College of Commerce

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