What is the full form of CA?
The full form of CA is the Chartered Accountant. The Indian CAs are regulated by ICAI Institute of Chartered Accountants of India. More than 2.70 000 CAs currently operate in India. They work in all sectors of business and finance and primary responsibilities include financial and general management, taxation, accounting and auditing. Individuals can have their private practice. Few are also hired in government-owned companies and private organizations.
Eligibility Criteria Of Chartered Accountant
Candidates who intend to apply for CA would have enrolled with ICAI for CPC course. Only registered applicants qualify for the CA examination. The CA eligibility requirements are as follows.
- Applicants must have completed their 10th and 12th level qualification exam from a recognized education board or similar examination.
- Candidates who have received a bachelor’s or master’s degree in commerce with scores of at least 55 per cent are eligible to take part in the CA CPT examination.
- Applicants with a bachelor’s degree or master’s degree in a non-commerce stream must have at least 60 per cent scores in the sum of all subjects are also exempted for participating in the entry-level exam.
- After completing the CA foundation course, an applicant must serve as an Article Assistant for three years before becoming qualified for the CA final examination.
Work Of CA
A chartered accountant operates in accounting and business. He offers the company professional guidance on financial matters. Some of the essential tasks a CA carries out at an organization are described below.
- Regular monitoring and analysis of the financial statements.
- Carrying out financial audits to confirm the company’s economic performance.
- Prepares and retains statement of account.
- Forensic accounting for the identification and prevention of theft.
- Focus on providing business transactions, merger, tax planning, insolvency and joint venture financial advice.