You must have heard from various sources how difficult the job of charted accountant is. You know it is really difficult to become one, and even more difficult to find a job. It is not a field where there’s a lot of vacancy, particularly because it is a very difficult exam, one of the most difficult career prospects in the whole wide world. Therefore, if you want to become a chartered accountant, you need to have enough information about it.
THE EDUCATIONAL PROCESS FOR BECOMING A CHARTERED ACCOUNTANT:
Here are a few steps that you need to follow if you want to pursue chartered accountancy:
You need to have a basic background in commerce in the +2 level or high school level in India. You should try for B-com in your college levels to start preparing yourself for a chartered accountant jobs.
CPT EXAM:CPT is an exam in this field. This is competitive entrance examination which decides whether the candidate is eligible for the course or not. The test is being conducted basically on 4 subjects Viz, General Economics, QA, Mercantile Laws & the most important accounting.
IPC COURSE:This is the foundation or more specially building blocks of being chattered account. It mainly deals with the basic practical & working aspects of all the core fields & subjects related the Ca curriculum.
The subjects taught here are broadly classified into 2 classes. Most interestingly the student can prepare himself class wise separately to appear for qualification examination or can try to get it clear combinedly if one is confident enough of handling that.
The curriculum for IPCC is designed in such a way that it makes a young aspirant understand the basics of accounting & auditing, teaches & mentors the student to the basic cores of economics. These all together provides the student with all necessary capabilities to handle the final & advanced stage of commerce learning.
CA FINAL EXAM: The CA Final exam covers the largest number of the subjects starting from financial management to direct & indirect taxation systems – it almost deals with each & every sphere.
ARTICLESHIP: Once a student comes out with flying colours in the Grp 1 of IPCC, the student has to take an article ship period for three years with professional Chartered Accountants.
JOB PROSPECTS:Upon becoming a Charted Accountant, these are a few fields where a chartered accountant can find a job in. They are
- Private and Public Banks
- Accounting section of LLC & PLC
- Finance Department of different Companies
- Meritorious candidates can open up their accounting firms
- Mutual Funds
- Trading Sectors & investors hub
WHAT IS THE POSITIVE ASPECT OF GOING FOR THIS?
This is normally a very high paying job. People who opt for Chartered Accountancy, can open their own personal firms and keep going with no retirement date. It is not a nine to five job, and the experience is completely different. As a very small number of people pass the CA final exam, it becomes quite difficult to become a chartered accountant. But this also gives you the option to do something out of the box, with a great pay, and quite a bit of freedom.
CONCLUSION
There are many reasons why you should opt for Charted accountancy and become one. You need to learn all of them and then make an informed decision.