The Chartered Accountant (CA) profession is in Great demand.

All the Organizations Big or small need a good Accountant which could ensure them for profit earning.

The most important roles of a Chartered Accountant:

  • Accountancy

Maintenance of the accounts and preparation of Financial Statements.

  • Auditing

Auditing ensures the users of the financial statements that the accounts presented before them are prepared on the correct accounting principles.

  • Taxation

Assessment of Taxes is linked to financial accountancy. imparts the responsibility of preparation of Tax returns, Assesses representation before the Income-tax authorities and is capable enough to give general Tax advice to clients.

Cost Accountancy

Has to ascertain the cost of production and the costs which would be incurred at the different levels of production. He needs to provide costing information for proper Management. Cost controlling methods and establishment of appropriate selling prices is also amongst the various important roles of a professional Chartered accountant.

Investigation

The Chartered Accountants are often seen whenever an investigation is carried to ascertain the financial position of a business especially during the new issue of share capital, the purchase or sale or financing of a business, reconstruction, and amalgamations. Investigations are also got done for achieving greater efficiency in management or administration and finding out reasons for increases or decreases in profits etc.

Executors and Trustees

When a Chartered accountant works as a Trustee or an executor he has to work in co-operation with solicitors or lawyers and vice versa.

Management Accounting

Under Management accounting, a professional Chartered accountant has to perform several duties like the formulation of policies, day to day control, performance evaluation, etc.

Share Valuation Work

When the amalgamation or re-organization of any company takes place for takeover or acquisitions, the Chartered Accountant does the valuation work of the public or private companies.

The Chartered Accountant as Management Consultant

A Chartered accountant plays an important role in assisting Business organizations. They make them understand how the resources of the organizations could be fully utilized i.e., effectively and efficiently. They suggest measures for achieving organizational goals and objectives.

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