Chartered Accountant Career Description
Chartered Accountant Career Description
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.
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.