Accounts Job

Introduction
Chartered Accountancy is a challenging career at the cutting edge of trade, industry and economic growth - a profession that imparts the best of technical skills in financial and management spheres, and abilities necessary for deciding and acting upon high-pressure situations. No wonder, chartered accountancy is a high-status profession and a passport to challenging and equally rewarding career in industry and commerce.Chartered accountants today hold top management positions in public as well as private sector. Also they render professional services as accountants and management consultants. Rapid changes taking place in the economy have further opened up vistas for the chartered accountants to several alluring career options.CAs today are part of the top management team. Even in the government sector, they occupy prominent positions. Not only this, some of the CAs have entered hitherto unknown sectors of management, public life and active politics. So much so that two of the prominent political figures who were also included in the Atal Behari Vajpayee government in 1998 in council of ministers - Suresh Prabhu and RK Kumar - are CAs.The professional course of CA is a blend of theoretical education and practical training so that the students acquire the required level of professional knowledge and skills relevant for the profession.Steps to become a CAA person eligible to join chartered accountancy course has to undergo the following stages before becoming a chartered accountant.Enrol with the institute as a student and undergo practical training as an articled clerk for a period of three years or as an audit clerk for a period of four years under a practising CA.Appear for intermediate examination after twelve months of training.Appear for final examination after passing intermediate examination, during the last six months of training or thereafter and pass the same.Enrol as a member of Institute of Chartered Accountants of India (ICAI).
Eligibility
Any person who has attained 18 years of age can get registered as a student of CA course.Commerce graduates with accountancy, auditing and mercantile law or commercial law as full papers (with at least 50 per cent of the total marks) are also eligible. For this purpose, a full paper means a paper carrying not less than 50 per cent marks.Non-commerce graduates with mathematics as one of the subjects with at least 60 per cent of the total marks can also apply for a CA course.Non-commerce graduates with subjects other than mathematics with at least 55 per cent of the total marks are also eligible for it.The term "graduate" will not, however, cover a graduate or a post-graduate in music, painting, photography, sculpture and the like.
Earn while you learn
The articled clerks have an option to undergo industrial training in a financial, commercial or industrial undertaking during the last year of prescribed period of practical training. In sum, practical training enables a person to operate effectively in a business. You can also earn a stipend while studying and working at the same time.
Prospects
Traditionally, a CA has been entrusted with substantial responsibility under various legislations such as compulsory audit of the accounts of all companies, banks, stock brokers, big income-tax assessees, large bank borrowers etc. This shows the confidence and trust reposed by the government and the society in the profession.
As a CA you can
set up independent professional practice.Join a practising firm of CAs.Render services in the field of capital market.Engage in your own industrial/business venture.Take up a suitable position in business or industry.Take up preparation of project reports and feasibility studiesDo market research and demand studies.Make preparations for business policy, corporate planning, organisationaldevelopment, growth and diversification.Render systems analysis and design, and computer-related servicesStart investment counselling in respect of securities.Do quality audit, energy audit and environment audit."Of all these, your choice depends largely on your own personal inclination. First four choices indicated above offer good opportunity for development as a useful member of the profession and the society, ensuring amongst others, economic reward and scope for self-fulfillment. Starting one's own industrial or business venture is also now becoming popular among CAs," says Praveen Choudhry, Assistant Secretary, Institute of Chartered Accountants of India (ICAI).Accounting & financial analysis
This includes the writing up of accounts and the preparation of financial statements. It encompasses a wide area ranging from simple Book keeping to complex financial analysis.
Auditing
Possibly one of the most important functions of a Chartered Accountant, it is here that his specialised training, skill and judgment are most often called into play. The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles and that they represent a true and fair view of the state of affairs of the organisation.
Taxation
With a number of taxes on the statute book, current and continuing tax information has become vital to the effective economics of business management. The assessment of taxes is very closely linked with financial accounts. The Chartered Accountant with his experience in accounts is in an advantageous position for preparing the returns for tax purposes, representing assessees before the Income-Tax authorities and rendering general advice on taxes to his clients. An additional responsibility placed on him recently is that his services will be required by the tax department for auditing complicated cases, having large revenue potential. The requirement under the Income-Tax law for compulsory maintenance of accounts by the specified categories of taxpayers would also make a demand on his time and services. Every assessee with a minimum turnover of Rs. 10 lakhs in the case of professionals and Rs. 40 Lakhs in the case of business concerns is compulsorily required to get his accounts audited under the Income-Tax law. This has considerably helped the revenue authorities in making proper assessments.
Cost Accountancy
A Chartered Accountant is also trained to ascertain the costs of production and of processes at different levels of operations in the manufacture of a product and in the rendering of a service. He is also equipped to provide costing information for the guidance of management, introduce cost control methods and assist the management in establishing appropriate selling prices.
Special Company Work
The services of Chartered Accountants are frequently sought in connection with matters such as the formation, financial structure and liquidation of limited companies. Secretarial and Registration work and the duties of a Receiver are also undertaken by them, in addition to other company work.
Investigation
Chartered Accountants are often called upon to carry out investigation to ascertain the financial position of business in connection with matters such as a new issue of share capital, the purchase or sale or financing of a business, reconstruction and amalgamations. Their services are also sought for undertaking investigations with a view to achieving greater efficiency in management or administration, finding out reasons for increases or decreases in profits etc.
Executors and Trustees
A Chartered Accountant is also often appointed executor under a will or trust in order to carry on the administration of the estate or settlements.
Appointment of this nature require the Chartered Accountant to work in Co-operation will solicitors or Lawyers. Conversely, Solicitors or lawyers carrying out works of this kind usually call in Chartered Accountants to assist them in the accounting aspects of their work.
Directorship
Many members of the Institute who hold senior position in industry and commerce are also directors of their companies. Moreover, many members who are actively carrying on public practice are also directors of companies. The advantages of having a Chartered Accountant on the Board of Directors are now well recognised and the practice of making such appointments has grown rapidly.
Companies Secretarial Work
In a well organised company or group of companies, the Secretary is a man with a professional qualification (often a Company Secretary) who, in addition to his multifarious other duties, is an important link in the management chain. The continued growth of limited companies enables the professional accountants to offer secretarial services to small companies, many of which are being virtually run by a few individuals who are unable to afford a full-time secretary.
Management Accounting
This is another field in which the Chartered Accountant is able to render a service which is utilised in a variety of ways like formulation of policies, day to day control, performance evaluation, etc.
Nowaday's we having the jobs from Computer sector and also the ledger sector for the Account maintaining. Tally and Sas are the main role in the Accounts Job world.