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Chartered Accountant as a career, Salary, Skills, Job Description

A Chartered Accountant is a professional who works in the field of accounting. He is a member of Institute of Chartered Accountancy of India (ICAI) and is qualified to work in matters related to taxation of a business or of an individual, auditing of financial statements, preparing and reviewing financial records. He is also qualified to give advices to the business or individual in financial matters.

Chartered Accountant’s Job Highlights

Degree Required

CA Exam conducted by ICAI

Degree Field

-

Skills Required

Financial and Accounting Techniques, Communication skills, Analytical skills, High level numeral skills

Salary

Avg Rs. 6-7 lakhs per annum

Chartered Accountant’s Education Qualification

A Chartered Accountant is required to earn certification in Chartered Accountancy by clearing the three level exams conducted by ICAI namely

  • CPT (Common Proficiency Test)

-It is an entry level foundation course and involves quantitative aptitude, general economics, laws and accounting.

  • IPCC (Integrated Professional Competence Course)

-It has two groups. It covers the knowledge of core subjects and is specially designed to develop the knowledge of accounting standards.

  • FC (Final Course)

It covers the advance knowledge of all subjects- financial accounting, management accounting, professional ethics etc.

Anyone who has completed his plus two examination can apply for foundation exam. In between 1st group and FC, students also have two undergo a mandatory articleship (on job training) for 3 years.

What type of skills are required for Chartered Accountant?

Since a Chartered Accountant has to deal with finances of a company or an individual, he should have a good knowledge of financial accounting. He should be comfortable in dealing with numbers and should have high level numeral skills. He should have the good knowledge of the environment in which business operates. He should have good communication skills, analytic skills and problem solving skills also.

Additional Courses that can be pursued with CA.

There are numerous courses that one can pursue along or after CA. These courses helps one in enhancing his knowledge and skills and in expansion of his career.

  1. MBA in Finance
  2. CS, CFA (India), CFA (USA), CMA (UK), ICWA
  3. CPA, CFP, CISA, CIA (USA) etc.
  4. Certification Programmes- CIFRS, NCFM etc.
  5. Certification Programmes offered by ICAI. 

Job Profiles with CA Certification 

There are numerous job profiles apart from pursuing career as CA, that one can pursue after completing his certification in CA.

  1. Investment Banker/ Stock Broker
  2. Independent Practice
  3. Account Manager/ Financial Controller/ Credit Manager
  4. Government/ civil services
  5. Financial Analyst

Salary

The average salary of an entry level CA varies from Rs.6 lakhs to Rs. 7 lakhs per annum. However, with higher experience, qualification and type of organisation, the annual salary of a CA can go as high as Rs. 24 lakhs or more.

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