Chartered Accountants (CA) are certified, accounting professionals. CA is one of the most popular choices students make after completing schooling in commerce or graduation in commerce. The Chartered Accountant profession involves the finance of an organisation. The job includes management of budgeting, business strategy, taxation, financial accounts and more. The demand for chartered accountants is always high in various organisations to manage accounts, tax, and auditing. Hence the employment opportunities after completing CA is in abundance.
The opportunities in CA are limitless. There are five different categories of career opportunities after CA in a competitive world are :
- Practice CA
- Join any CA firms
- Work as a teacher
- Further Studies
Career Options After Chartered Accountant
As we mentioned above, there are many opportunities after CA. Some of them are :
1. Internal Auditor
An internal auditor is a professional who ensures organisations have accurate accounting throughout the year. They perform tasks like obtaining, analysing, and evaluating accounting documentation, reports, data, flowcharts etc. The internal auditor performs a complete audit cycle, including risk management and control management over the operation’s effectiveness, financial reliability and compliance with all applicable directives and regulations. They are in charge of determining the internal audit scope and developing annual plans.
After completing the CA, one can work as an Internal Auditor.
2. Tax Auditor
CAs are sometimes referred to as Taxation Experts. Tax auditors are the professionals who analyse financial processes and documents for compliance with the tax law of individuals, businesses, and government departments. The responsibilities of a tax auditor include analysing accounting systems, developing audit plans, applying federal, state, and city laws and regulations to auditing procedures, evaluating tax refunds, collecting delinquent taxes, filing tax returns, and more. The scope of a chartered accountant in this field is becoming increasingly broad.
3. Forensic Auditor
Forensic auditors help solve crimes through financial information, embezzlement activity records, security fraud, bankruptcies and money laundering. They interpret financial records and history to find information that may contribute to answers in a criminal case. Forensic auditors are skilled in unravelling detailed and complex financial transactions to determine whether or not they could potentially have something to do with illegal activity. They are responsible for reporting criminal activities to law enforcement officials and working with them to combine information and details that may be used to solve a crime or benefit a court case.
4. Career In Banking And Insurance Sector
Banking Accounts and financial dealings must be handled by someone familiar with banking regulations, including their compliance with them and other industry standards. They must be competent in participating in the bank’s financial affairs and working on their economic strategies, control, funding, forecasting, and other related tasks. A CA can act as an insurance intermediary like an agent, broker, and third-party administrator. Also, a CA can act as an arbitrator between the insurance company and the policyholders to resolve disputes about the quantum of loss.
5. Finance Management
Chartered accountants are professionals who work in various sectors of the economy, managing an entity’s finances, providing financial advice and helping out with money management. This can be for businesses, individuals or the government. They oversee the financial operations of an organisation. Financial managers are responsible for advising investment planning, monitoring the company’s finances and producing financial reports. Also, they work closely with the management to develop and implement strategies and plans to achieve the company’s long-term objectives.
6. Tax Advisory
Tax advisers use their knowledge of tax legislation to provide advisory and consultancy services to clients, ensuring that they pay their taxes most efficiently and benefit from any tax advantages and exemptions. They need to keep up to date with changing tax laws and explain complicated legislation and its implications to their clients in simple terms. Tax advisers can work in compliance, ensuring clients meet all tax obligations by preparing and submitting tax returns, tax computations and other necessary forms. They can also work in consultancy, advising clients on how to minimise their tax liabilities.
7. Finance Controller
A financial controller is a senior management role that oversees all functions of an organisation’s finance and accounting department. They are responsible for developing a financial strategy, including risk minimisation plans and opportunity forecasting. They do high-level financial reporting and analysis. Finance controllers perform tasks like regular budget consolidation, cash flow management, improving efficiency and reducing costs across the business, stakeholder management, debt management, preparing company tax and BAS statements, payroll processing etc. They ensure compliance with statutory laws and financial regulations. Financial controllers develop financial reviews and provide investment advice.
8. Work As A Teacher
A person who has completed their CA can work as a teacher. Teaching is a prestigious position. It is not only supplied with money but also with reputation. By teaching, you can do your job and make your own practice time. Teaching positions are available in institutions for CAs, commerce graduation coaching programs, select postgraduate colleges, and the Indian Chamber of Commerce and Industry. Teaching does not have to be a full-time job. You can work as a teacher along with your job. Along with your work or practice, you may choose to pursue academics.
Choosing a self-employed career is one of the best decisions. You can be your boss. If you have enough business knowledge, you can start your own business. If you complete your CA, it will help you in your business progression.
Many CAs join their family business to help them improve and expand. The knowledge and skills gained from your CA will help you to build a successful business.
As we discussed, numerous career opportunities are waiting after completing CA. Becoming a CA is one of the most challenging processes. Also, the world of CA is competitive. After becoming a chartered accountant, the demand for your skills and knowledge will be huge. A lot of opportunities are waiting for you.
The next question is, where to find the opportunities? SpotGiraffe has the answer. SpotGiraffe is one of the best job portals for all accounting and finance jobs.