Career prospects:

Chartered Accountants are generally found to be working either as employees in a firm or they indulge in their private practice. Some of the areas suited to the services of Chartered Accounts are as follows

FINANCIAL ACCOUNTING: Marinating financial records of an organization is of utmost importance. Financial accounting is a branch of accounting which deals maintaining the financial records

AUDITING: One of the important tasks performed by Chartered Accounts is auditing. It is the methodical examination and review of the accounts. Chartered Accounts examine and verify the books of accounts and other necessary documents of their employers or clients

COST ACCOUNTING: Cost accounting deals with working out the cost of a particular operation or job, taking into account relevant overheads. It is quite a complex task usually undertaken for monitoring expenditure, preventing it from over-shooting, minimizing costs, forecasting future needs and providing reports for management accounting etc.

TAX MANAGEMENT: Sometimes Chartered Accountants specialize in tax management. Their job is to legally ensure minimum incidence of tax.Tax management relates not only to direct taxes e.g. income tax but to indirect taxes like sales tax, excise tax, agricultural income tax etc.

CONSULTANCY: The changing scenario in the business world has opened promising and challenging career opportunities for the aspiring young. Consulting services is one such opportunity which has drawn a lot of attention these days

They are also engaged in activities like preparing project reports, markets research, management accounting, cost analysis, budget planning, working capital management, inventory control, policy planning, securities consultancy, registrar of issues of securities, auditing etc. With the country liberalizing its policies and approach, opportunities are expected to grow further.