A chartered accountant is in charge of a company or organization’s financial documentation. This position requires careful monitoring of each financial transaction with additional emphasis on how these transactions affected the general setting of an organization. Aside from financial documentation and its effects, chartered accountants are also in charge of taxation. They also provide financial reports and could also provide financial management services.
Chartered accountants usually go through various financial documents while noting these transactions for future references. They also use the data for additional responsibilities such as taxation, spending and earning reports. A chartered accountant could also work with the auditor to make ensure spending is done according to the law and the organization’s specifications. Chartered accountants could also create reports that would update the organization of its financial standing.
A degree in accounting is a must for those aspiring to become chartered accountants. More often than not, chartered accountants also have to pass the licensure exam. The licensure exam will allow them to work as CPAs or Certified Public Accountants. Most, if not all businesses will only hire CPAs as they have to make sure of the training and knowledge of their employees especially the one that handles their finances.
Because of the position’s sensitivity, charted accountants often use their experience as part of their training. Apprenticeship and internship is often considered in order to learn more about the industry and increased chances of employment.
A chartered accountant can work for a financial consultation firm as part of the accounting team. There are also chartered accountants hired by companies to constantly monitor their financial transaction and standing. Some chartered accountants, especially those with advanced studies, sought employment as teachers.
A chartered accountant can set-up a small accounting firm. There are also chartered accountants that work as freelancers where they provide accounting services and taxation to small to medium sized businesses.
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