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Accountancy Qualifications, including: Accountant, Certified Public Accountant, Certified General Accountant, Chartered Institute Of Management … Uniform Evaluation, Chartered Cost Accountant

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Go for gold! Take the new CMA and CPA exams while earning your MBA.(Certified public accountants)(Certified Management Accountant): An article from: Management Accounting Quarterly

This digital document is an article from Management Accounting Quarterly, published by Institute of Management Accountants on March 22, 2010. The length of the article is 5733 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

From the author: BOTH THE ICMA[R] AND THE AICPA HAVE RECENTLY MADE CHANGES TO THE STRUCTURE AND CONTENT OF THE CMA[R] AN

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www.chartered.org Chartered Accountants – London E14 Abell Morliss is a firm of Chartered Accountants dedicated to providing a complete financial service for IT contractors. We deliver an efficient, friendly service encompassing all your accounting and tax requirements. Whether you’re an experienced IT contractor who needs a good accountancy service or whether you’re a bit newer to the contracting game and need some trustworthy advice – we can help. ABELL MORLISS LTD 167 Cannon Workshops, Cannon Drive, LONDON, E14 4AS tel 719 8282 fax:+44(0)709 230 4642 email: malc.s@chartered.org
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An accountant plays a pivotal role in an organization. It is not just during the tax season, accountants can be useful at any time of the year. A chartered accountant can help you solve various financial issues.

Becoming a Chartered Accountant is not an easy task.  They need to pass three qualifying examinations and should have 30 months of practical experience before they get their designation of a Chartered Accountant. Apart from high degree of knowledge, they must abide by a professional code of conduct. They must act ethically, maintain client confidentiality, and avoid situations involving a conflict of interest. They can help you and your business.

There are non-designated accountants who do not belong to a professional body. Business owners should not hire any such non-designated accountants. There are Chartered Accountants who provide tax planning and tax preparation services to their clients.  However, not every accountant is a tax expert. Tax experts have in-depth knowledge and expertise in the area of taxation. In Canada, The Canadian Institute of Chartered Accountants (CICA) has the most comprehensive tax training program, know as the Canadian In Depth Tax Course. Chartered accountants have the practical experience to be defined as tax experts.

Organizations should find out the type and years of tax experience Chartered Accountants have and check whether he/she has completed the CICA In-Depth Tax Course. You have to hire a CA who is a tax expert. In an organization, the finance department has to handle complicated issues that require expertise, experience and utmost precision. Handling such financial matters is not an easy task. A chartered accountant can help you figure out how to proceed. An experienced chartered accountant can handle your financial matters competently.

Chartered accountants provide a fixed fee to their clients or bill on hourly basis. Moreover, the value that you and your business derive from their services is far in excess of the fees that you pay them.

To become a Chartered Accountant South Africa [CA(SA)] generally takes about seven years of academic study and practical training. Aspirant CAs(SA) need to choose mathematics (not maths literacy) at school and gain good results. They must then study a relevant B. Com degree at a university accredited by the South African Institute of Chartered Accountants (SAICA), complete a training contract and pass the qualifying examinations. This short animation takes you through all the steps needed to become a CA(SA) – whether as a fulltime or as part-time student.
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How to become a Chartered Accountant
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Interview with Uttam Prakash Agarwal, President, The Institute of Chartered Accountants of India, New Delhi (www.icai.org), April 2, 2009, 6.30 pm
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Interview with Uttam Prakash Agarwal, President, The Institute of Chartered Accountants of India, New Delhi (www.icai.org), April 2, 2009, 6.30 pm
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For those that enjoy number crunching, a career in the financial sector can be both personally and economically rewarding. Finance recruitment covers a broad spectrum of jobs from accountancy to investment banking, with a variety of different travel and training opportunities available.
One of the most popular roles in the financial industry is that of chartered accountants, who provide honest information about a client’s financial records. Chartered accountants can work in a variety of different areas including taxation, forensic accounting, corporate finance or insolvency.
Daily work activities can include completing financial audits, managing budgets and providing financial advice to clients. Such tasks involve liaising with individuals or businesses, performing risk analysis, dealing with auditors, advising on tax, business improvement and record keeping. For more senior accountants, job descriptions may include acting as line manager to a team of junior colleagues.
Starting wages vary depending on location, but on average, trainee salaries are around £18,000 outside of the capital and around £25,000 plus in London. After qualification, salaries can rapidly increase to £42,000, with bonuses such as company cars and medical insurance a regular occurrence.
With salaries so enticing and the industry being so competitive, typically accountants are required to be graduates or even postgraduates. Specific degrees in maths or accounting are not always required, with many graduates from science or humanities entering the profession after a successful training period.
Most employers offer on the job training contracts for chartered institute membership of bodies such as the Institute of Chartered Accountants in England and Wales (ICAEW).
Accountants are required to keep up-to-date with any developments in the field, so professional development is encouraged.

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Is this what you want for your career? If so, you’re certainly not alone. It’s one of the fastest growing career paths today. In the United Kingdom, anyone can call themselves an accountant, even if they don’t have any training. In order to call oneself a chartered accountant, then you must belong to the ICAS, ICAI, or the ICAEW. Here is the information you need to become a this type of professional, under the direction of the Institute of Chartered Accountants in England and Whales.

#1 You Must Have 3240 Hours of Relative Work Experience

The ICAEW provides a reference list of places where you may find employment that will complete this requirement. It usually takes approximately three to five years to complete this training or about 450 days. Some universities are also acceptable, providing they have the appropriate training program available.

#2 You Must Pass 15 Exams, Complete 14 Papers, and 1 Case Study

Through the ICAEW, you will complete the above listed tasks over the course of your training. These exams, papers, and additional requirements are set forth and administered by the ICAEW and you must show satisfactory progress. These tests are certainly not easy and you will spend many days studying and completing exercises to continue on.

#3 You Must Be Admitted to the ICAEW

Once you have met the above requirements, you may apply to be admitted to the ICAEW. This means that you are an Associate Chartered Accountant. After ten years, you may apply for designation as a Fellowship Chartered Accountant. There are professional continuing development requirements that must be completed in the three years before you apply and there should be no active disciplinary action.

Is This the Right Profession for You?

While the typical image of a solitary man sitting with a calculator and a pencil is often what first comes to mind , there is much more involved. In the UK, these professionals o0io oare responsible for everything from taxes to investments to payroll. Depending on which area you wish to specialise in, you may find that you are best suited to large firms or perhaps you want to run your own small firm. There is really an unlimited list of possible career paths.

The best way to determine if this is the right choice for you is to speak with someone who is chartered and ask lots of questions. See if the answers are what you expected. A little research will certainly help you when it comes to this important decision.

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