Chartered accountants speak NAGPUR: Chartered accountancy is a professional degree course which holds a lot of scope than one can imagine. Broadly speaking, a CA can choose to become an employee at a firm or run his own business.One of the biggest advantages of this course is the flexible study hours. You do not have to go to college to study; you can map out your own schedule or you can join coaching institutes, as per your prerogative.There are three levels that are needed to be cleared to become a CA: CPT, IPCC (which is divided into two groups) and CA final (also two groups).Articleship is an essential part of the curriculum and a student may choose which firm he/she wants to join. A lot of CAs often choose to become entrepreneurs.In the emerging business sector, the role of a CA is ever increasing and he/she does a lot of things. But mainly, a CAs job description includes statutory audit, management consultancy, cost and financial analysis, evaluation of services, risk consultancy, internal audit and process settings, taxation and consultancy etc.Student Divya Jain says, "One of the best things about this profession is that equality prevails. There is no system of quota or reservation. It is also quite affordable. It has a never ending scope and areas of specializations. There are a lot of job opportunities and one can also work from home."Vipul Vora, director of Vidarbha Professional Academy, says, "Unlike other fields which are saturated and overflowing with graduates, CA is a field which holds a lot of scope. Till date, there are just over 2 lakh CAs in India. Therefore, there is a need of professionals. It is also quite cost effective. It is the need of the hour. Every organization requires a chartered accountant. A CA is internationally recognised."CA Zainab Kamal said, "Chartered accountancy is not only a respected and dignified profession, but also ensures a stable and lucrative career. With the increasing number of statutory compliances and stringent taxation rules, chartered accountants are going to playing a major role in future."If you are looking to pursue this course, you not only need to have an interest in topics like accounting and finance but should also possess an analytical mind. You must be focused and hard working as the three-level exam set up the ICAI can be very challenging.Kamal believes that the degree is very versatile in nature and is suited for people who are job oriented and are looking for a fixed salaried job in a corporate house or a bank. It also allows you to establish your own practice and work independently."This degree can also be pursued by students who wish to start their own businesses. This will help you make sound financial decisions," she added.Vidarbha Professional Academy (VPA)Courses offered: CPT, IPCC and CA final coachingIntake: Not definedAdmission process: DirectFees: Starting from ?10,000Duration: Not fixedCAPSCourses offered: CPT, IPCC and CA FinalIntake: 350-400Admission process: DirectFees: Starting from ?25,000Duration: 3-4 monthsAccounting AcademyCourses offered: CPT, IPCC and CA FinalIntake: 50-60Admission process: DirectFees: Starting from ?28,750Duration: 3 monthsWhy opt for itMinimum investmentIncreasing scopeSet your own study hoursNo collegeTransparent and fair systemCAs are very rare, so the demand is sky highThe entire global scenario has changed and charted accountants are now considered the complete business solution providers. It is the cheapest professional course with 100% employment rate.In a country of 130 billion people, there are only 2.60 lakh CAs. They are very rare, so the demand is very high. There are numerous opportunities in this field. Remove this misconception from your mind that only commerce pass-outs can pursue CA; there are subjects like mathematics related to science.There are PG courses, diploma courses in forensic audit, internal audit etc. You can also go for very specific courses. Nowadays, there are courses on GST in particular.Today, there are so many opportunities available at government and private companies, which are providing jobs with a good package.Students can get a job in a firm or can start their own private practice. While working with a company, there is very important role which a CA has to play like auditing & assurance, tax consultancy, accounting services, accountants & finance outsourcing and financial reporting. Every registered firm or organization under the Company Act has a CA that manages various tasks.Besides, chartered accountants can also make their clients on the basis of merit. You can apply for job in any existing firm or can provide services for the capital market. A qualified CA can apply for a government, public or private sector job. CAs have the responsibilities of making quick decisions and make profits for the firm.Well-known CA Julfesh Shah spoke to Megha TiwariWith growing economy, the demand of chartered accountants has increased. The profession has 0% unemployment rate. There are lots of job opportunities with high pay packages and remuneration. Students from commerce background have a plus pointChartered accountancy opens the door to a range of exciting career opportunities in every sector of business and finance, both in India and abroad. CAs are in constant demand for their technical competence, professional standards and veracity. CAs possess the ability to analyse and interpret business problems and develop dynamic solutionsChartered accountancy is one of the most respectable jobs. With growing economic policies and new reforms by the government, the demand for CAs is growing gradually. A CA is restless but gets good benefits. You can go overseas for work, practice on your own or get into big firmsThere is growing demand for CAs in all corporate sectors. A CA has ample opportunities to project his/her skills and creativity. This course demands huge amount of hard work and patience. Getting into this profession is not so easy. But once you get there, a successful career awaits youClearing the CA exam requires average intelligence but plenty of hard work. After becoming a CA, a person can either work for a company or choose to continue private practice. The respect you get after becoming a CA makes every sleepless night of yours worth it(Interviews by Hitesh Gedam)

Stay updated with all the Latest Nagpur headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.