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    Chartered Accountant Career Description

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    SKANSSialkot
    Chartered accountants are responsible for preparing and reporting on financial statements, acting as consultants on financial and tax matters, and accepting appointments as executors, liquidators, or trustees. They examine financial records and ensure controls are in place to protect assets. Chartered accountants also assist with computer systems, taxation advice, and legal and management matters. To be successful, they must have integrity, intelligence, judgment, analytical skills, and determination to work clearly and accurately with clients. Chartered accountants can work in registered firms, commerce, industry, or academia, and may start their own private practices or partnerships.

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    Chartered Accountant Career Description

    Uploaded by

    SKANSSialkot
    122 views2 pages
    Chartered accountants are responsible for preparing and reporting on financial statements, acting as consultants on financial and tax matters, and accepting appointments as executors, liquidators, or trustees. They examine financial records and ensure controls are in place to protect assets. Chartered accountants also assist with computer systems, taxation advice, and legal and management matters. To be successful, they must have integrity, intelligence, judgment, analytical skills, and determination to work clearly and accurately with clients. Chartered accountants can work in registered firms, commerce, industry, or academia, and may start their own private practices or partnerships.

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    SKANS School of Accountancy Sialkot

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    Chartered accountants are responsible for preparing and reporting on financial statements, acting as consultants on financial and tax matters, and accepting appointments as executors, liquidators, or trustees. They examine financial records and ensure controls are in place to protect assets. Chartered accountants also assist with computer systems, taxation advice, and legal and management matters. To be successful, they must have integrity, intelligence, judgment, analytical skills, and determination to work clearly and accurately with clients. Chartered accountants can work in registered firms, commerce, industry, or academia, and may start their own private practices or partnerships.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    122 views2 pages

    Chartered Accountant Career Description

    Uploaded by

    SKANSSialkot
    Chartered accountants are responsible for preparing and reporting on financial statements, acting as consultants on financial and tax matters, and accepting appointments as executors, liquidators, or trustees. They examine financial records and ensure controls are in place to protect assets. Chartered accountants also assist with computer systems, taxation advice, and legal and management matters. To be successful, they must have integrity, intelligence, judgment, analytical skills, and determination to work clearly and accurately with clients. Chartered accountants can work in registered firms, commerce, industry, or academia, and may start their own private practices or partnerships.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Chartered Accountant Career Description

    Chartered accountants are responsible for preparing or reporting on financial statements for presentation to the public. Chartered accountants act as consultants on financial matters, taxation, accounting and computer systems, estate planning and management reporting and procedures & audit, etc. They accept appointments such as executors, liquidators, trustees or curators.

    What am I going to do in this occupation?


    Accounting The primary responsibility of chartered accountants in practice is to report on the financial statements of clients, to the clients' shareholders as required by its constitution or through legislation. In order to compile reports, chartered accountants examine the books and records of the client, considering the adequacy of the controls over the safekeeping of the client's assets, as well as the fairness of the financial statements prepared by the client for presentation to its shareholders or the public. Planning and management Chartered accountants compile reports on aspects of management, for use by the client in improving the management of the company. They investigate the accounting methods adopted by clients and make recommendations for the improvement thereof. Auditing Chartered accountants investigate the financial reports of the company and then report on it. Computerization They also assist in the installation of computerized systems and the development of programmers, the planning of financial models and the giving of advice regarding hardand software purchases.

    Taxation Chartered accountants are tax specialists and they give advice on determining of and the legal manner of saving tax. Legal matters It is important that chartered accountants are well versed in mercantile and company law and are therefore able to handle the legal aspects of contracts, estate planning, and are able to accept appointments such as trustees in insolvent estates, liquidators of insolvent companies or curators where people are unable to administer their own affairs. Financial management Chartered accountants who choose to specialize in a career in commerce and industry normally advance to positions in top management, such as financial directors. In this position accountants are responsible for control over the funds and assets of the company or institution, the preparation of financial or management reports to top management and the interpretation thereof in order to increase efficiency and profitability. Requirements What kind of personality do I need? To be successful, qualities such as integrity, intelligence, good judgment, a strong analytical predisposition and determination are needed. It is also necessary to be able to work and convey recommendations both clearly and accurately. Where can I work? Chartered accountants work in registered firms or with practicing chartered accountants. When qualified they may wish to remain with the firms where articles were served and look forward to eventual partnerships. They work in commerce and industry and in the academic world as lecturers. Can I work for myself in this occupation? Chartered accountants may start private practices in which case broad experience is required to take care of the needs of a wide range of clients, or they may enter into partnerships with other chartered accountants. They may also start businesses in the commercial and industrial arena.

    SKANS School of Accountancy Sialkot

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