They often review the company's financial records and make sure that their client's financial activities comply with government regulations. Forensic accountantĪ forensic accountant is responsible for investigating financial discrepancies and frauds. Companies prefer hiring candidates who have strong commercial awareness, ethics, data analytics skills and experience with different accounting tools.
SkillsĬAs require certain soft skills like communication and self-motivation to excel at their job. In both the above scenarios, you should enrol yourself as a member of the ICAI to become a certified CA upon clearing the final examination. You should then complete the AICITSS, clear the final examination and complete a three-year training. After clearing the intermediate course, you can register for the CA Final course. You can become a CA after completing your higher secondary or after your graduation or post-graduation.Īfter higher secondary: you need to clear a list of exams like CA Foundation course, Integrated Course on Information Technology and Soft Skills (ICITSS), CA Intermediate, articleship (3-year training), Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) and CA Final.Īfter graduation: you need to enrol in the CA Intermedia course, complete the ICITSS and 3-year articleship. They also report on the financial performance of the company for making key business decisions. Chartered accountant (CA)Ĭhartered accountants are responsible for managing the finances, helping with money management and providing financial advice. Related: Problem-Solving Skills: Definitions and Examples 2. You should also have strong accounting and mathematic skills, along with certain soft skills, such as research, problem-solving and analytical skills. To become a successful CMA, you should have some experience working with cost-estimating software. During the final level, you have to complete a seven-day Industry Oriented Training Program (IOTP) and 15 months of practical training. However, before applying, you have to complete a three-day Communication and Soft Skill (CSS) training and 100 hours of computer training.ĬMA Final: candidates who pass the CMA Intermediate level can apply for the final exam. If you have cleared The Institute of Company Secretaries of India (ICSI) Foundation or The Institute of Chartered Accountants of India (ICAI) Intermediate, you can apply for this level. Also, students with a graduation degree in any discipline other than fine arts are eligible to sit this exam. If you have a graduate degree, you do not have to appear for the foundation exam.ĬMA Intermediate: after passing the CMA Foundation exam, you can apply for the intermediate exam. The following are the three levels:ĬMA Foundation: after completing your higher secondary, you are eligible for this level. To become a cost and management accountant, you need to complete a three-level CMA course offered by the Institute of Cost Accountant of India (ICAI). Also, using their financial knowledge, they suggest changes to policies and procedures to increase the organisation's cash flow. Cost accountants help an organisation identify services, products, departments and even processes that are least profitable. These professionals help prepare budgets and assess a company's total cost of providing a service or manufacturing a product to calculate the break-even point and profitability. The accounting field provides various career paths, allowing you to choose a path that suits your interest. Related: Accounting Questions and Answers for an Interview Types of accountants Preparing and analysing financial statements like cash flow statement, balance sheet and profit and loss statement Providing guidance on revenue enhancement, cost reduction and profit maximisation Recommending financial actions by analysing accounting optionsĬooperating with auditors in preparing audit reports Reconciling already documented reports, statements and various transactionsĬreating, reviewing and presenting budgets Reviewing financial documents to resolve any discrepancies and irregularities Monitoring the efficiency of existing accounting procedures and ensuring they comply with the government regulations In a workplace, the accountant roles and responsibilities depend upon the employer and the client's needs. Accountant roles and responsibilities in a workplace In this article, we will discover accountant roles and responsibilities, list the various types of accountants and explore the skills and qualifications you need to become one. If you want to pursue this career, you should understand their roles and responsibilities in order to determine which accounting certification to complete. Different types of accounting jobs require different qualifications, skills and certifications. Accountants are professionals who organise, inspect and maintain financial and tax documents.
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