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How to Become a Chartered Accountant?

There are many different career paths that you can choose under a heading of Chartered Accountancy. There are different types such as:

  • Chartered Certified Accountant
  • Chartered Accountant (Audit)
  • Chartered Public Accountant
  • Chartered Finance Accountant
  • Chartered Management Accountant

Everything depends on the type of your training, size of the organization, and whether you are working for management or not. You have to ask yourself a question about the professional career you want to pursue. For example:

  • Do you want to have a private practice?
  • What size of the company you want to work for?
  • Do you have aspirations to work for nonprofit organizations?

When you get more experience and training, you will get a much better idea of all possibilities that you like and don’t like.

Get an undergraduate degree

If you are asking yourself how to become a Chartered Accountant, the first thing that you have to do is to enroll in a four-year university program. You should aim economics, accounting or business. In case that you already have an undergraduate degree, that doesn’t mean anything if you haven’t taken these subject areas.

It is important to get good grades in class, especially in any business and math-related classes.

In case that you have an undergraduate degree in subjects that are unrelated to business, you should enroll in accounting classes and add additional courses such as auditing, finance, taxation, and statistics.

You have to know that there are universities and classes that will have chartered accountant as a key subject such as financial accounting, taxation, finance, and law. You can find different courses both online and offline.

Apply for a professional experience placement

The main requirement for becoming the Chartered Accountant is to gain minimum three years of professional experience. It is always better to work with an approved employer that contains financial firms that are registered with CA association in the region where you live. You can also search the placement through CA professional association.

In case that you want to work for some organization that is not authorized, you are able to register your manager as someone who is authorized to evaluate your growth and performance. You should check with CA professional association for all additional information.

Work in a professional placement for 3 years

When you reach the point where you are hired as a placement, you have to work for that organization for 3 years minimum in order to gain relevant experience to continue to improve further. They will have to rotate you through different divisions so that you can be exposed to different lines of the business and to improve the perspective of your business.

Conclusion:

When you finish the three years working, your employer has to give you fully-detailed review about yourself, which means that you can apply to certification in order to become an independent chartered accountant. To get more knowledge on this you’ve keep updated yourself by read more articles on same niche. This particular career demands for you lots of studying and understanding the reality of economics, but at the end, you will be able to improve yourself and to become independent.