The Future Scope for Chartered Accountancy

The Future Scope for Chartered Accountancy

• Owing to recent economic reforms in the country, companies in the financial services sector are turning prominent employers of newly-qualified CAs. The demand is especially high in the banking and insurance sectors.
• With global financial practices getting increasingly complex, CAs with expertise in financial administration, capital markets, and international financial regulations will have major career opportunities coming their way, especially in Wealth Management and Investment Banking.
• CAs with high-level strategic thinking and management skills could stream into Strategic Management and rise to the top echelons of an organization.

Current Pay-packages for CAs*

Packages offered on Campus:
Year 2006: Highest salary offered to a CA rank-holder: Rs. 15 Lakhs per annum
Year 2007: Highest salary offered to a CA rank-holder: Rs. 27 Lakhs per annum
* Information collected from various sources

The Role of a Chartered Accountant (CA)

The Role of a Chartered Accountant (CA)
The following is a broad overview of the functions carried out by a CA:

• Ensuring statutory compliance related to taxes and financial accounts of the company
• Compiling and maintaining cost information, installing cost control mechanisms, and performing cost audits
• Integrating tax planning into the long-term strategic plan and setting benchmarks for judging success
• Advising high-net worth individuals, families and trusts on how to manage their income tax, inheritance tax, and capital gains tax exposures

Why is Chartered Accountancy a lucrative career?

CA-CPT: Common Proficiency Test (CPT) is an objective-type, entry level test to the Chartered Accountancy (CA) course in India.

Why is Chartered Accountancy a lucrative career?

The field of Chartered Accountancy has evolved from being limited to core financial functions like auditing, Accounts, taxation, etc. Today, the field of Chartered Accountancy has witnessed a huge broadening in terms of domain specialization, work challenge, career development and industry demand – CAs wanted everywhere, across national and global organizations. This broadening of career prospects makes Chartered Accountancy a leading career choice amongst students amongst other career choices.