Since childhood, we all dream and aspire to make our lives better and due to this we form goals and put our hard work into it. Sometimes goals remain intact and feel elated to have achieved them, however, often times we lose sight and keep shifting our goals and it tends to create anomalies in our career.
CAREER being one of the most crucial milestones in our life, which also represents our transition from being a dependent person to an independent and responsible employee needs proper planning and here are some information for the pupils of the commerce stream(business,finance, accountancy) to provide them with clarity so that they can decide what course they should opt for.
Five Reasons as to why you should be a Chartered Accountant?
Work in different Industries
The common thread that connects various industry like a garland of pearl is commerce. Since all of them have set goals to engage in business and grow. To run the operations smoothly a company needs support from all different kinds of people which includes Finance and Accountancy as quite a main division in its list as well. Since both these domains are intertwined with legal formalities, hiring a Chartered accountant becomes imperative to the company.
A single chartered accountancy degree can make this happen. It opens doors to various allied and non-allied sectors and one can really find it interesting to work with the industry that one is inclined to.
You won’t get BORED with WERK!
Being evolved apes make us hard to stick to one thing and we tend to get bored with monotonous schedules and work which can affect our productivity in a non-conducive way. This profession can perfectly fit in to satiate our ape-like instincts. Be it textile industry or a pharmaceutical to small business one needs the expert knowledge of Chartered Accountants to ease their way out of legal formalities in Tax section to run the business smoothly.
This well-spread demand of a CA gives them an edge over other professions which can be quite limiting in the prospect of switching between different sectors.
Prospect of Working Internationally
High-quality life abroad always lures us to have a “BIG AMERICAN DREAM” and this can be held most convenient for this profession. Due to the ease of doing business in most part of the world, the spreading network of multinational companies is always creating new opportunities for the chartered accountants in different parts of the world. This makes it really easy for the aspirant to re-locate to the country of his/her choice.
Amazing Salary with added Benefits
The dedication and hard work one puts into in the initial years while achieving to get that prestigious degree, in the later years, they are impressively rewarding. Chartered accountant jobs are one of the highest paid profession in India. Since you are assumed to be polished with a thorough knowledge of Business and Accountancy, this can make you receive a hefty pay along with other allowances even in the starting years.
The feeling of Security and Stability
As long as business binds the different nations of the world, the demand for a chartered accountant will forever be on the rise. While the other profession gets affected by slumps and recession in the market, this particular profession enjoys some-kind of immunity from the same which makes it a pretty secure and a stable vocation to pursue.
Things-to-Do for becoming a Chartered Accountant
If you aspire to become a Chartered Accountant there are certain things one needs to follow:
- Post passing Class 10 board exam, enroll yourself for CPT(Common Proficiency Test) and appear for +2 board exam simultaneously.
- One can appear for CPT after completing Higher-secondary or Bachelor’s degree as well.
- Any candidate who has completed graduation or post grad in Commerce by studying Auditing, Accounting, Mercantile, Taxation etc. with an aggregate of 55% can directly apply for the IPCC(Integrated Professional Competency Course)course.
- For Non-commerce graduates, one needs to secure 60 % aggregate for direct admission into IPCC.
CPT and IPCC exams are held and regulated by ICAI (Institute of Chartered Accountants of India).
A bit of correct planning in advance can take one far and brings clarity which paves the road to a great future. I hope that this article would provide support to aspirants to make them take a rightful decision about choosing the right stream in which they can ace.