INTRODUCTION
A Chartered Accountant, by definition is a professional member of the National professional accounting body of the country, and in the case of India this professional accounting body is the Institute of Chartered Accountants of India (ICAI).
Chartered Accountants work in all fields of business and finance, including audit ,taxation, financial and general management. Some are engaged in public practice work ,others work in the private sector and some are employed by government bodies.
SKILL SET
- Ability to reflect on one’s own work as well as the wider consequences of financial decisions
- Conceptual understanding.
- Business Acumen and Interest
- Organisational skills
- Managing the tight rope walk.
- Teamwork
- Client-facing (customer service) and interpersonal skills
- Proficiency in it
- Analytical ability
- A methodical approach and problem solving skills
EXAMINATION
The Chartered Accountancy examinations are divided into three levels. They are:
1. Foundation Course
2. Intermediate Course
3. Final Examination
Paper of Foundation Course
Paper 1: Principles and Practice of Accounting
Paper 2: Business Laws & Business Correspondence and Reporting
- Section A: Business Laws
- Section B: Business Correspondence and Reporting
Paper 3: Business Mathematics and Logical Reasoning &Statistics
- Part I: Business Mathematics and Logical Reasoning
- Part II: Statistics
Paper 4: Business Economics & Business and Commercial Knowledge
- Part I: Business Economics
- Part II: Business and Commercial Knowledge
Papers of Intermediate Course
Group I
Paper 1: Accounting
Paper 2: Corporate & Other Laws
- Part I: Company Law
- Part II: Other Laws
Paper 3: Cost and Management Accounting
Paper 4: Taxation
- Section A: Income-tax Law
- Section B: Indirect Taxes
Group II
Paper 5: Advanced Accounting
Paper 6: Auditing and Assurance
Paper 7: Enterprise Information Systems & Strategic Management
- Section A: Enterprise Information Systems
- Section B: Strategic Management
Paper 8: Financial Management & Economics for Finance
- Section A: Financial Management
- Section B: Economics for Finance
Papers of Final Course
Group I
Paper 1: Financial Reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate and Economic Laws
- Part I: Corporate Laws
- Part II: Economic Laws
Group II
Paper 5: Strategic Cost Management and Performance Evaluation
Paper 6: Elective Paper (One to be chosen from the list of Elective Papers)
List of Elective Papers
- 6A Risk Management
- 6B Financial Services & Capital Markets
- 6C International Taxation
- 6D Economic Laws
- 6E Global Financial Reporting Standards
- 6F Multi-disciplinary Case Study
Paper 7: Direct Tax Laws & International Taxation
- Part I: Direct Tax Laws
- Part II: International Taxation
Paper 8: Indirect Tax Laws
- Part I: Goods and Services Tax
- Part II: Customs & FTP
Job Prospects
- Finance Managers
- Financial Advisors
- Directors (Finance)
- Financial Controllers
- Financial Trader
- Investment Analyst
- Operational Investment Banker
- Corporate Investor Banker
- Stock Broker
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