Exploring the Lucrative Career Path of Chartered Accountancy After 12th Commerce
CA is a great career option after 12th commerce. Becoming a chartered accountant is both competitive and rewarding. Chartered accountancy imparts technical skills in accounting, auditing, taxation, and financial management. Qualifying as a CA from ICAI opens a plethora of career opportunities after 12th to students.
CAs can serve as independent professionals. They can also serve as consultants or advisors. Further, they can take lucrative positions in private and government sectors.
Some opportunities after completing the CA course are -
Independent professional practice in India - They provide compulsory audit services. They also provide compilation & review services. They act as business advisors to businesses. In this role, they help secure loans. They prepare financial projections and determine business viability. They also act as tax advisors.
Global accountants & Valuers – CAs can acquire knowledge of IndAS/IFRSs. Post that, they can serve as financial reporting experts for clients across the globe. They can also work as valuers, providing fair valuation services.
Auditors – Companies Act 2013 mandates that an auditor must be a CA. Under the IT Act 1961, Tax audits must be done by a CA only. Audit is essential for companies, governments, political parties, co-operatives, NGOs, etc.
GST Consultants – Here they provide impact analysis of GST for various industries. They audit financial statements under GST. They provide assurance services for GST. These include analysing internal controls, compliance audits and assistance in departmental audits. They can provide entrepreneurial consultancy and training on GST to businesses.
Opportunities in the field of finance – These include advising on investment decisions. These also include capital structure decisions and dividend decisions. Further opportunities include strategic financial decisions. Capital & money markets as well as foreign exchange risk management are also included. They can support mergers & acquisitions. They can further support investment banking and treasury measurement. Hedge funds, portfolio management, risk management, and mutual funds are also covered. Similarly are credit ratings and venture capital.
Opportunities in Management consultancy – These include identification, evaluation and recommending ways to increase revenue and reduce costs. They analyze operations and suggest structural changes. They provide management accounting, management information & control systems and international finance.
Opportunities in the Corporate sector – CAs hold responsible positions. These include CEOs, MDs, Director (Finance) and Chief accountants in corporations.
Knowledge of local laws and regulations significantly increases the effectiveness of a CA.
Conclusion –
Qualifying as CA can be a highly rewarding career option after the 12th. It can provide you with significant career opportunities after 12th as an entrepreneur, consultant, or employee.
