How to Boost your Chartered Accountancy Career

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How to Boost your Chartered Accountancy Career : CA Students often think that clearing CA Final is the biggest challenge. Once you become CA, the life will be smooth like a butter. You might also think like this when you were a student but now, after stepping into the real world you came to know that becoming a Chartered Accountant or passing the Final Exam is just a beginning. The journey is long.

How to Boost your Chartered Accountancy Career

You might have placed and looked for a promotion, or wish to establish your own practicing firm, or looking for a job change. Reasons can be different but the solution is same to boost your career. Through this article, we are sharing with you some of such advice which can boost your career growth after becoming a Chartered Accountant. Have a look -

Hunger for Learning Should Never Stop -

Until we are students, we know we have so much to learn either to pass the Examination or stepping into the corporate world. But doesn't understand what happened to us once we qualify the Final Examination. Do we think that now we are expert in every domain like taxation, audit, accounts etc. and nothing has left to learn If you are also a part of this crowd, then change yourself now otherwise CA degree could not help you so much time listing your name into unsuccessful people. Think yourself a student and you will always be. Read the newspapers, articles, and everything which enhance your knowledge. The hunger for learning should never stop. You should be like there is so much to learn and you know a little, just a drop from it. This should be your attitude.

Update with the Amendments -

Being a Chartered Accountant, you are always expected to remain updated with the new laws and provisions in our country. You could not give an excuse I did not report the cash transactions in the audit report because I was unaware that the cash transaction limit has been reduced to 10K from the 20K per day. You hold a very responsible position in our country. Only a Chartered Accountant can audit the Financial Statements of any organization. On the behalf of a CAs signature, the bank gives a loan to the entities, shareholders invest their money into the company and sellers give credit of the stock. Banks, Creditors, Shareholders etc trust an organization on behalf of that CAs signature. So, it is your responsibility to remain updated with the relevant amendments.

Money Should Not be Priority -

Often candidates after qualifying Chartered Accountancy Examination go with the companies offering higher packages. For example - Genpact or PSUs without understanding the job profile offering by them is not up to the mark of CA. Your focus should not be money only. It might be possible that you are not getting good job offers after clearing CA Final if you passed out in 5-6 attempts then you can join a CA Firm instead of above companies for a year at a low salary but at least it will give you an experience and thereafter you can try for a big corporate job. Once, you gain enough experience, you can start your own practice. But after working on a Job profile which does not utilize a Chartered Accountants knowledge, you will be a fresher after a few years. So, think broad, think about the future rather than money only.

Help People to Solve Their Queries -

Have you ever observe that teaching makes your concepts strong If not then do it now. Solve the queries of layman related to accounting, taxation, auditing, law etc. which is related to your field. Help people by using your knowledge and research. You can start your blog or write answers over various forums such as Quora, caclubindia and share your advice. This will let you think broad, think its every perspective combining all the laws and provisions. Every day, you will find a new challenge and this will improve your analytical skills. This will give you a confidence that you could solve the queries of general people in the real world.

CISA / DISA -

In India, for signing the Bank Audit report by a member in practice, DISA certificate is mandatory. DISA is a diploma course offered by ICAI to its members while CISA is a USA based certificate course. Both the courses are done for information system audit. CISA stands for Certified Information Systems Auditor issued by ISACA while DISA stands for Diploma in Information Systems Audit issued by ICAI. If you want to practice in India only then DISA is sufficient, but if you want to practice throughout the world then CISA is good for you.

Explore the Area of Your Interest -

Chartered Accountancy is not limited to just one or two job profiles. It gives you an expert knowledge of various domains such as Accounting, Auditing, Finance, Company Law, Taxation etc. Hence you could be appointed as an Internal Auditor, Tax Advisory, Accountant for holding complex accounting of companies such as Holding company accounts or Bank Accounting as per their norms etc. Hence, before joining anywhere, think which is your area of interest either you want to make your career in taxation or auditing or accounting or advice a company into its legal matters. Becoming futuristic will be good for your career.

Post Qualification Courses by ICAI -

Once you identified your area of interest, you can further do post qualification courses offered by ICAI. ICAI offers various post qualification courses such as Certificate course on GST, Certificate Course on Internal Audit, International Taxation, Certificate Derivatives, Valuation, Forex, Treasury Management, Diploma in Insurance and Risk Management and many more. These courses help the professionals in their respective area of interest. In this article, we have shared with you some advice through which one can boost his career after becoming a Chartered Accountant. Becoming a Chartered Accountant does not mean that you know everything. Your learnings should never stop. This is the real identity of a successful person.