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Career In Chartered Accountancy
In this widely competitive and ever growing economic world, a financial or accounting career is looked upon as a lucrative one and it indeed is; and in the world of finance and accounts the most prestigious job is that of a chartered accountant. All the countries across the world have their very own accounting standards and the laws by which the
Chartered Accountants Abide By Vary From Country To Country
The job of chartered accountancy can be dated back almost 150 years to when royal charters were granted by Queen Victoria. Today the job of chartered accountants has widened into accounting, auditing and taxation. To qualify as a Chartered Accountant in the United States of America, one has to pass a number of examinations. It is a difficult process but the degree is a key to success in one’s professional life.
The functions of a Chartered can be related to personal finance, corporate finance, financial management, bank audits and corporate taxation. Many states of the United States of America understand the value of knowledge and expertise held by a Chartered accountant and grant CPA status. Canada and Australia have a conversion exam in place (IQEX) to provide for a hassle free process. This facilitates chartered accountants from one country practice in the other countries as per job demands.
The amount of international fiscal activity is always on the rise and will continue to be so. This demands knowledge and expertise which is found in abounds in chartered accountants. To become a Chartered accountant one has to clear the fourteen examinations of the Association of the Chartered Certified accountants. This generally takes four years or in some cases even more. Specific degree experience may exempt you from nine of these exams.
Before appearing for the ACCA exams, one must have completed management accounting or financial accounting papers of the ACCA. A professional ethics module is also to be completed by the would- be Chartered accountants as there are ethical standards by which he should maintain himself. Overall a Chartered accountants job is a lucrative one but a demanding one at the same time. The examinations might be difficult to clear but in the end the pay off is worth the struggle.