Chartered Accountants Are General Practitioners Of The Financial World
Chartered Accountants are trained and knowledgeable to give the highest level of audit
, accounting and financial management services to the present business world. They may be sole practitioners or in partnership firms contributing professional service to a large range of clients. On the other hand, they may be employed on senior positions in industry, commerce or the public sector. For those interests and abilities are suited to teaching and research, there are loads of opportunities available in hand for providing accountancy training.
In order to become a chartered accountant UK it would be requisite for a person to take and pass the exams of one of the chartered accountancy bodies. In UK, there are 6 chartered accountancy bodies (ACCA, CIMA, ICAEW, CIPFA, ICAS and ICAI). The choice about which set of exams you take depends on which area of accounting one aspire to work in. For instance, if you want to work in industry as a management accountant then you will be recommended to study for the CIMA exams, if you wish to work within the public sector, like in the National Health Service, then you would be suggested to study the CIPFA exams. Though, if you want to work in public practice as an auditor or tax advisor then the ACCA, ICAEW, ICAS or ICAI exams would be a better option for you.
Whichever course one takes, it must be intimidated that the exams are very challenging and besides passing exams, one would also be required to undertake at least three years of practical experience within an accounting environment.
A bigger firm may find that it is cost-efficient to employ a chartered accountant to prepare management statistics for them on a regular basis, and advise them on the inferences. A business that has just commenced may have to watch its costs closely to be able to afford this. But if the accounting systems for the business are set up appropriately from the beginning, it will not be too expensive to have a chartered accountant prepare a pattern for you to work from, either as a spreadsheet or on your accounting software. Then you can fill in the figures yourself each month, and feel positive that you know the financial strength of your business from month to month and several months into the future.
It is not only businesses which contract that fail. A business that expands too fast may run into serious troubles, from which it may never recover. If you have an expanding business, ask your chartered accountant. Chartered accountants can help you stabilize your fixed and variable costs. That may sound like technical term, but it might be the difference between staying solvent and going bankrupt.
Thus, theres no denying a career in business is competitive. That's why educated chartered accountant uk have the skills and work experience the business world demands. Becoming 'chartered' is ones way into an unbeaten and well-paid career full of global opportunities.
by: doshi
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