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    Careers in Management - What Does A CA

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    Vipin Mandyam Kadubi
    - A career as a chartered accountant involves providing advice on financial records and accounts through activities like auditing, taxation, and financial reporting. - CAs have a professional qualification and work in specialized domains compared to accountants who generally have lower-level qualifications and work in limited financial accounting roles. - Becoming a CA involves studying various accounting, financial management, and business subjects over three levels of examinations. Common roles for CAs include conducting audits, advising on taxation, and other finance functions in commercial organizations.

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    Careers in Management - What Does A CA

    Uploaded by

    Vipin Mandyam Kadubi
    27 views13 pages
    - A career as a chartered accountant involves providing advice on financial records and accounts through activities like auditing, taxation, and financial reporting. - CAs have a professional qualification and work in specialized domains compared to accountants who generally have lower-level qualifications and work in limited financial accounting roles. - Becoming a CA involves studying various accounting, financial management, and business subjects over three levels of examinations. Common roles for CAs include conducting audits, advising on taxation, and other finance functions in commercial organizations.

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    - A career as a chartered accountant involves providing advice on financial records and accounts through activities like auditing, taxation, and financial reporting. - CAs have a professional qualification and work in specialized domains compared to accountants who generally have lower-level qualifications and work in limited financial accounting roles. - Becoming a CA involves studying various accounting, financial management, and business subjects over three levels of examinations. Common roles for CAs include conducting audits, advising on taxation, and other finance functions in commercial organizations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    27 views13 pages

    Careers in Management - What Does A CA

    Uploaded by

    Vipin Mandyam Kadubi
    - A career as a chartered accountant involves providing advice on financial records and accounts through activities like auditing, taxation, and financial reporting. - CAs have a professional qualification and work in specialized domains compared to accountants who generally have lower-level qualifications and work in limited financial accounting roles. - Becoming a CA involves studying various accounting, financial management, and business subjects over three levels of examinations. Common roles for CAs include conducting audits, advising on taxation, and other finance functions in commercial organizations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 13

    Careers in Management

    – What does a CA Do?

    Vipin MK Srinath
    Intro

    • As a chartered accountant you'll give advice, audit accounts and provide trustworthy
    information about financial records.
    • This might involve financial reporting, taxation, auditing, forensic accounting, corporate
    finance, business recovery and insolvency, or accounting systems and processes.
    Particulars CA Accountant

    Qualification Professional (member of ICAI) B.Com / BBA

    Work done Highly specialized Low to moderate level specialization needed

    Domain of Expertise Varied (not necessarily accounting) Limited to financial accounting

    Salary Starts at Rs. 40,000 per month Starts at Rs. 15,000 per month

    Organizations Self employed or Big 4 Small or Medium Sized firm or not CA Firm

    CA vs Accountant
    Subjects Studied in CA
    Level Subjects Studied

    Level 1 1. Principles and Practices of Accounting.


    2. Business Laws and Business Correspondence and Reporting.
    3. Business Mathematics and Logical Reasoning & Statistics.
    4. Business Economics & Business and Commercial Knowledge.

    Level 2 Paper 1: Accounting


    Paper 2: Business Laws, Ethics and Communication
    Paper 3: Cost Accounting and Financial Management
    Paper 4: Taxation
    Paper 5: Advanced Accounting
    Paper 6: Auditing and Assurance
    Paper 7: Information Technology and Strategic Management

    Level 3 Paper 1 Financial Reporting


    Paper 2 Strategic Financial Management
    Paper 3 Advanced Auditing and Professional Ethics
    Paper 4 Corporate and Economic Laws
    Paper 5 Strategic Cost Management and Performance Evaluation
    Paper 6A Risk Management
    Paper 6B Financial Services and Capital Markets
    Paper 6C International Taxation
    Paper 6D Economic Laws
    Paper 6E Global Financial Reporting Standards
    Paper 6F Multidisciplinary Case Study
    Paper 7 Direct Tax Laws and International Taxation
    Paper 8 Indirect Tax Laws
    Requirements on Your Side

    1 2 3 4
    Be willing to put at Attend classes Ensure you have Know that if you
    least 6-8 hours of without missing a parent / sibling have put the correct
    study in a day day support effort, you cannot
    lose out on the
    rewards.
    Role of a CA

    • The most common roles taken by a CA are


    • Audits (field work)
    • Taxation (direct and indirect)
    • However, you need not limit yourself to this.
    • Any other finance related role in commerce is also possible as a CA.
    Role of a CA

    • Auditing means to evaluate financial reports, stock reports or any report where money is
    involved.
    • Audits are procedures that can take days to complete and will involve travel.
    • For example you can evaluate the stock of coffee at company in Chikmaglur
    • Or you can audit the financial reports of a government company.
    Role of a CA

    • Direct taxes are income taxes (most of the time)


    • These involve filing returns on behalf of clients.
    • The process is time consuming especially for large businesses
    • This is a desk job and involves regular interaction with the Income Tax Dept of India
    Role of a CA

    • Indirect taxes are GST and other state taxes if any.


    • Indirect taxes also include customs (foreign trade)
    • GST filing needs domain expertise.
    • Claiming of refunds are also a critical role by a CA.
    • This is a desk job and involves regular interaction with the Central Board of Indirect Taxes
    and Customs
    Role of a CA

    • Many CAs consider self employment


    • However, this does not mean you will have clients come to you.
    • You need to do some marketing on your end.
    • Why should a potential client choose you over another CA?
    Role of a CA

    • Some CAs may work in a “non CA firm”


    • For example you could be a CA for a firm that is into venture capital.
    • You can advise on investment, financial management and other aspects related to wealth.
    • A CA can also work in an airline company managing the finances of the airline company.
    But why do most choose Audits and Taxes?

    • The 3 year interning


    • Most of the CA interns work in a firm where they key specialization is audits and or taxes.
    • Hence are accustomed to the process.
    • You can however break the stigma and explore many other lucrative opportunities
    The Challenge

    • CA is not a difficult course.


    • It is difficult if you are not cut out to complete the course.
    • There is certainly a greater degree of effort needed.
    • But the returns do not disappoint.

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