How To Become A Chartered Accountant
Becoming a chartered accountant is not an easy task. It requires careful planning and execution to get there. But don’t worry, we will guide you through each step of the process so that you can reach your goal easily.
How To Become A Chartered Accountant
To become a chartered accountant, you should first gain a Bachelor’s degree. After that, you’ll need to get some work experience before taking the CICA exam and applying for CPA practice registration.
Choose The Right Path
The role of a Chartered Accountant is to provide independent and objective advice on financial matters to clients, who are usually companies or individuals. They also advise on tax issues and the management of business accounts.
The main difference between an accountant and a chartered accountant is that for chartered accountants it will be more about providing specialized services to their customers based on their skills, expertise and knowledge gained through proper education and qualifications.
Chartered accountants are required by law to have at least three years practical experience after qualifying as an accountant before they can become chartered accountants and this three-year period must be spent with an approved firm of accountants in which case you will need at least one supervisor who has been practising for more than five years already so he/she could mentor you during that time frame until you become fully qualified yourself (which means having passed exams before).
Get The Degree
For a Chartered Accountancy course, you need to have a bachelor’s degree in any stream like Commerce, Management Studies or Accounting. There are a number of colleges on offer which provide specialised courses in accounting and finance.
Getting into one of these colleges is not easy as they receive hundreds of applications every year. However, if you have good grades at 10th and 12th level then it will be easier for you to get admission into any of these colleges.
Generally speaking there are four types of courses offered by B-schools:
- Bachelor’s programme – It’s an externally validated programme that covers all the basics required for CA examinations conducted by ICAI (Institute of Chartered Accountants India). It prepares students for their future career as CA/CS with core subjects like English Language & Legal Aspects etc., which may be helpful during final exams too
Get Some Work Experience Done
You have to have some experience. That’s the first thing. To become a Chartered Accountant, you need work experience. And there are several ways you can get it:
- Find a company that is willing to let you work for them. This is good because it gives you experience and also makes your CPA application stand out as having more depth than other applications (namely, those who haven’t worked at all). The downside is that many companies won’t want to take on someone who will be gone in less than 2 years and not even pay them much if anything at all (unless they’re trying to meet their quota of hiring interns from university).
- Find a company that will let you work for them for free (or close enough). This gives even better experience than working directly for money or paying yourself minimum wage, but still comes with its own set of pros and cons: * Pros: You get great experience without having responsibilities like filing taxes or managing finances; Cons: If they realize they can underpay employees this way indefinitely while increasing profits, it may create an untenable situation where everyone else starts doing it too – which would mean less people being hired overall despite needing more accounting professionals due – thus leaving us back where we started!
Start With The CICA
The CICA qualification is an entry-level qualification, but it’s also a great way to get started in the accounting sector.
Getting your CICA will provide you with the foundation for your career as a Chartered Accountant.
Apply For CPA Practice Registration
After you’ve passed all the necessary exams, you will have to apply for CPA practice registration. To do this, you will need to register with the relevant regulatory body and become a member of that association. You must also meet other requirements such as having the right qualifications, experience and professional experience. Additionally, it is important that you have the right skills and knowledge for this job as well as having an appropriate attitude and personality to ensure your success in accounting.
In conclusion, becoming a chartered accountant is not an easy feat. It requires a lot of hard work and dedication, but it is worth it in the end. By following these steps you can become one of the best accountants around!