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Who Is A Chartered Accountant And His Role
1. Who Is A Chartered Accountant And His Role
The chartered accountant is mainly responsible for carrying out the duties of an
accountant either in an organization or as an independent. In order to become a
certified chartered, the candidate has to clear the examination that is conducted
by the Association of the Certified Chartered Accountants (ACCA). ACCA is one
of the premier bodies in the world that offers this qualification to the students
world wide. It is based in the UK and has a presence in over 170 countries as
well as 131,500 member’s world wide and around 362,000 affiliates. The
designation of the chartered was awarded to the institute by her majesty the
Queen.
A chartered accountant is the person who is responsible for preparing the
financial reports of the organization, analyze the reports as well as present them
to the higher management of the organization. The degree of chartered
accountant enables the individual to practice accountancy at the highest level.
Once the qualification of the chartered accountant has been obtained the
individual can look forward to a career among the various fields of accountancy
like the financial accountancy, the management accountancy, the cost
accountancy, the tax accountancy, and the latest and the most sought after field
of accountancy, called the forensic accountancy. The chartered accountant is the
person who is responsible for managing the finances of the organization.
The salary of the chartered accountant is very high even while they are beginning
their careers. As the experience of the practitioner grows the remuneration also
increases. After say about 4 years, the CA can hope to earn a five figure monthly
income easily. A chartered accountant might work with an organization as their
in-house accountant, or he might work as an independent while serving various
clients at the same time. Accountancy, in the present times when the whole world
is transforming into a global society and increasingly becoming business
oriented, is only going to further increase with time.
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