Chartered AccountantEssay title: Chartered AccountantOverviewA CA (Chartered Accountant) is a professional accountant who has earned the CA title through training and practical experience obtained from the CICA (Canadian Institute of Chartered Accountants). The institute, which has over 66,000 members, conducts research into current business issues and sets accounting and auditing standards for all types of businesses. A CA is a complete professional in the field of Accountancy – informed in the subjects of Accountancy, Auditing, Business Management, Information Technology, Taxation, Corporate and Commercial Law, Financial Management, Economics and other linked subjects.
Chartered Accountants serve business clients by preparing, reviewing and evaluating financial statements, consulting, preparing budgets and tax returns and analyzing financial information in order to help them with business strategies, auditing services, management, and maximizing production. Chartered Accountants are recognized as leaders of the Canadian business society. The intense programs of education and training have shaped each CA to become an evident leader with financial expertise to help any business grow and succeed in society.
Becoming a CAThe career path to become a Chartered Accountant involves lots of dedication, schooling, and ability to take on the intensive programs and examinations. There are several ways to obtain the CA status. The most common process people go through in becoming a CA start off with enrolling in university. After they obtain a university degree (one that includes the Institutes specified 51 credit-hour requirement), they acquire employment in an office designated to train CA students, for an arranged period of 30 months. Many CA firms that have been recognized by the institute, must assist the students in the development of the essential knowledge and professional understanding of five main areas:
\7\ Introduction to the Economics of the Business.
Study of the basic concepts and methods used in Economics
Study of the general principles, laws, and principles of business and financial development
Study of a combination of Economics and business law as applied to large business, law firms and financial institutions
Study of the process of gaining a degree in business from a university’s College of Business
Apply for an apprenticeship.
Financial planning and assessment of a business situation and financial need should first be addressed to ensure that the CA status is achieved without compromising the CA-seeking and CA-paying nature of the business. The application process often begins with an examination of financial records and the ability to obtain the appropriate financial guidance or guidance on a project in a timely manner. The CA-seeking is not a cause of dissatisfaction, though there is often a sense to which the CA interests can be addressed within the course of the program, and that this “passable task” may be achieved by a small portion of a given business. However, the CA position is not a cause of dissatisfaction and is more likely to result in a negative impression of the CA than the CA-paying, financial aspect. The important point is that in order for a CA to have a CA designation at all, there must be clear-cut, concrete criteria and guidance that may be used to determine and approve the work. For example, a business cannot be legally required to pass a financial rating. These objectives would be necessary regardless of CA.
Research on the potential of applying For the CA The most important thing is to be prepared. (See “Making the Financial Plan” for more information about this procedure.) There should also be a good deal of research done to establish CA employment or the status of a particular business through the research involved in the application. You will need to make the CA specific (such as in an application-driven program or the employment status of a small or high performing firm) and specific (such as in the acquisition of a CFO and the issuance of an associate-contractor position). And it should be noted that the CA program offers multiple opportunities for graduates to apply and they can apply for the job in any program or industry. (For additional information (e.g. job training, legal, career management, legal and certifications), please see “Working with CA Businesses at UCSB and UCSF Law firms for an Overview of the CA Program.”)
In summary, the CA program is one of the two forms of research that will benefit you – and helps you learn about the industry. But, it is also very important to understand that the CA program includes a very narrow set of skills, and some specific skills are not the first priority when applying for jobs. The CA program is about learning a lot of different skills, but they can also be quite confusing when trying to apply for a job. When you begin looking for a job and become frustrated, trying to learn these basic skills as your initial steps, you might find it easier to apply. You then learn more.
In order to apply for a job in an industry where there are some particular skills or skills you have learned that need to be learned a new skill, you first need to understand the industry, and that brings the skills you have learned to the other skills that are taught in the jobs programs. This means that, the more you learn, the easier will be your job application (i.e., a job or the employment status of a particular business or a company). It also means that you should understand the job requirements at your own expense (i.e., a minimum training and experience will be required to understand how much you need to know to become proficient). There are several ways to apply in your own industry or in another industry that are very different from all others.
• Apply at your own business office • Do not apply at the business office because you will be fired when you apply. • Apply after making a decision (e.g., a decision to get hired, a decision about a new role) • Apply immediately within 30 days after receiving your application or within 60 days after the end of the regular application process of your company.
If you’ve taken a position in an industry covered by this rule, it means you must know how to use the rules to make any decisions involving the following things: • Work on a new, smaller team or a team with more experienced people; • Work on a team which is already growing (a growing team or a new team has a lower median salary and other criteria than other companies on this list, for example, are also working within a longer time, so you’re not likely to have time later to make the decision as to what you’ll need to hire); • Work on a new company’s leadership team as long as it has leadership experience in a larger field that requires you; • Have a team composed of at least 3 or 4 professionals from the previous or current employee position; • Have teams of at least 5 on a team as long as each team represents 1 or more persons who are not involved in the hiring process (this may include people who were hired for no clear reason, or hired because their roles had less than one person role listed on this list); • Have the employees of each company take their own time to learn the rules and procedures that will govern how those rules will apply to the organization and the position they take in the new industry (if any); • Work for specific employees within the management and/or management responsibilities and take advantage of a variety of opportunities
A similar rule applied to a company with only one person as an employee and a larger team in this particular industry (where the person in question isn’t always a director of the company, however).
To get more detail about how you apply the hiring rules see the following pages: [1] [2]
The rules governing work requirements for new hires and new employees include more information on the first two areas, as well as some information on work requirements for individuals in the same job who cannot currently earn a full-time employment within the same industry: | Minimum Qualifications (including your general and special abilities); | Qualifications For Employment (such as applying for promotions of different kinds, including your general and special abilities); | Special Qualifications for the Same Term (including your special abilities); | Employment In Training (including your special skills); | Qualification For Non-Recurring Hours (including your special abilities); | Qualifications For Continuing Experience (including your special skills); | Qualified in at least one of the following occupational groups: • Physical or Sensory Retention (which includes your physical, sensory, or occupational skills); • Learning/Experiencing the Arts (such as composition theory using a computer, music, or video game); • Musical Education
One way to become proficient as a CSM is to look at your own skills list in a job seeker’s directory, and in doing so, you can identify specific skills you like, and your overall experience, needs, and priorities. If you look at a list of specific skills in general, you’ll notice that it is not always about specific jobs. Sometimes they can be something like:
Sales and marketing skills that are needed to win a particular job
Customer service skills or skills that are needed to achieve the goal of becoming good at a given business
Legal and personal education skills and requirements
Technical and business-related skills to acquire an advanced degree, including financial management and sales and marketing
Legal and administrative skills such as administration and procurement
For more information about different areas of your career, check out the list of Jobs in Your Classroom (IOC) (see the link above) and the detailed list of Jobs in Your Classroom (JBCL)( http://www.vss.com/students/jbc.asp ). For those that are still in education or have the tools to become proficient, there is also an excellent program of Jobs in your Classroom (JBCT) for CSM applicants. Check out the link under Jobs in Your Classroom (JBDT).
There are also plenty of ways you can become proficient during your course work – but these are fairly limited: they cannot all be used to help you become proficient in a particular job; these skills can include:
Assessing and evaluating your coursework. It can be very difficult to make a good assessment of an applicant if they do not complete the course, but you should think twice before applying to a post-secondary institution. You must analyze what you know, when you know it, and from what you have done. It can include, for example, looking at what you have learned from work in your field over the past two to ten years and what kinds of courses you intend to take. You can also examine the number of courses you have taken but do not know. You can check for an “off-line” schedule and find out what you are learning by looking at the current coursework you have completed over the past two years. It may take years to complete but it helps greatly when starting a
Legal Requirements
A college-educated CA can be hired with the intent to enter a firm by completing the law degrees or the certification in any one of four (or four) courses. Legal studies and practical experience must also be included in the application fee. This must include the following: • the Law Degree; • the MBA; • the MBA program or the MBA degree in finance or financial administration
\7\ Introduction to the Economics of the Business.
Study of the basic concepts and methods used in Economics
Study of the general principles, laws, and principles of business and financial development
Study of a combination of Economics and business law as applied to large business, law firms and financial institutions
Study of the process of gaining a degree in business from a university’s College of Business
Apply for an apprenticeship.
Financial planning and assessment of a business situation and financial need should first be addressed to ensure that the CA status is achieved without compromising the CA-seeking and CA-paying nature of the business. The application process often begins with an examination of financial records and the ability to obtain the appropriate financial guidance or guidance on a project in a timely manner. The CA-seeking is not a cause of dissatisfaction, though there is often a sense to which the CA interests can be addressed within the course of the program, and that this “passable task” may be achieved by a small portion of a given business. However, the CA position is not a cause of dissatisfaction and is more likely to result in a negative impression of the CA than the CA-paying, financial aspect. The important point is that in order for a CA to have a CA designation at all, there must be clear-cut, concrete criteria and guidance that may be used to determine and approve the work. For example, a business cannot be legally required to pass a financial rating. These objectives would be necessary regardless of CA.
Research on the potential of applying For the CA The most important thing is to be prepared. (See “Making the Financial Plan” for more information about this procedure.) There should also be a good deal of research done to establish CA employment or the status of a particular business through the research involved in the application. You will need to make the CA specific (such as in an application-driven program or the employment status of a small or high performing firm) and specific (such as in the acquisition of a CFO and the issuance of an associate-contractor position). And it should be noted that the CA program offers multiple opportunities for graduates to apply and they can apply for the job in any program or industry. (For additional information (e.g. job training, legal, career management, legal and certifications), please see “Working with CA Businesses at UCSB and UCSF Law firms for an Overview of the CA Program.”)
In summary, the CA program is one of the two forms of research that will benefit you – and helps you learn about the industry. But, it is also very important to understand that the CA program includes a very narrow set of skills, and some specific skills are not the first priority when applying for jobs. The CA program is about learning a lot of different skills, but they can also be quite confusing when trying to apply for a job. When you begin looking for a job and become frustrated, trying to learn these basic skills as your initial steps, you might find it easier to apply. You then learn more.
In order to apply for a job in an industry where there are some particular skills or skills you have learned that need to be learned a new skill, you first need to understand the industry, and that brings the skills you have learned to the other skills that are taught in the jobs programs. This means that, the more you learn, the easier will be your job application (i.e., a job or the employment status of a particular business or a company). It also means that you should understand the job requirements at your own expense (i.e., a minimum training and experience will be required to understand how much you need to know to become proficient). There are several ways to apply in your own industry or in another industry that are very different from all others.
• Apply at your own business office • Do not apply at the business office because you will be fired when you apply. • Apply after making a decision (e.g., a decision to get hired, a decision about a new role) • Apply immediately within 30 days after receiving your application or within 60 days after the end of the regular application process of your company.
If you’ve taken a position in an industry covered by this rule, it means you must know how to use the rules to make any decisions involving the following things: • Work on a new, smaller team or a team with more experienced people; • Work on a team which is already growing (a growing team or a new team has a lower median salary and other criteria than other companies on this list, for example, are also working within a longer time, so you’re not likely to have time later to make the decision as to what you’ll need to hire); • Work on a new company’s leadership team as long as it has leadership experience in a larger field that requires you; • Have a team composed of at least 3 or 4 professionals from the previous or current employee position; • Have teams of at least 5 on a team as long as each team represents 1 or more persons who are not involved in the hiring process (this may include people who were hired for no clear reason, or hired because their roles had less than one person role listed on this list); • Have the employees of each company take their own time to learn the rules and procedures that will govern how those rules will apply to the organization and the position they take in the new industry (if any); • Work for specific employees within the management and/or management responsibilities and take advantage of a variety of opportunities
A similar rule applied to a company with only one person as an employee and a larger team in this particular industry (where the person in question isn’t always a director of the company, however).
To get more detail about how you apply the hiring rules see the following pages: [1] [2]
The rules governing work requirements for new hires and new employees include more information on the first two areas, as well as some information on work requirements for individuals in the same job who cannot currently earn a full-time employment within the same industry: | Minimum Qualifications (including your general and special abilities); | Qualifications For Employment (such as applying for promotions of different kinds, including your general and special abilities); | Special Qualifications for the Same Term (including your special abilities); | Employment In Training (including your special skills); | Qualification For Non-Recurring Hours (including your special abilities); | Qualifications For Continuing Experience (including your special skills); | Qualified in at least one of the following occupational groups: • Physical or Sensory Retention (which includes your physical, sensory, or occupational skills); • Learning/Experiencing the Arts (such as composition theory using a computer, music, or video game); • Musical Education
One way to become proficient as a CSM is to look at your own skills list in a job seeker’s directory, and in doing so, you can identify specific skills you like, and your overall experience, needs, and priorities. If you look at a list of specific skills in general, you’ll notice that it is not always about specific jobs. Sometimes they can be something like:
Sales and marketing skills that are needed to win a particular job
Customer service skills or skills that are needed to achieve the goal of becoming good at a given business
Legal and personal education skills and requirements
Technical and business-related skills to acquire an advanced degree, including financial management and sales and marketing
Legal and administrative skills such as administration and procurement
For more information about different areas of your career, check out the list of Jobs in Your Classroom (IOC) (see the link above) and the detailed list of Jobs in Your Classroom (JBCL)( http://www.vss.com/students/jbc.asp ). For those that are still in education or have the tools to become proficient, there is also an excellent program of Jobs in your Classroom (JBCT) for CSM applicants. Check out the link under Jobs in Your Classroom (JBDT).
There are also plenty of ways you can become proficient during your course work – but these are fairly limited: they cannot all be used to help you become proficient in a particular job; these skills can include:
Assessing and evaluating your coursework. It can be very difficult to make a good assessment of an applicant if they do not complete the course, but you should think twice before applying to a post-secondary institution. You must analyze what you know, when you know it, and from what you have done. It can include, for example, looking at what you have learned from work in your field over the past two to ten years and what kinds of courses you intend to take. You can also examine the number of courses you have taken but do not know. You can check for an “off-line” schedule and find out what you are learning by looking at the current coursework you have completed over the past two years. It may take years to complete but it helps greatly when starting a
Legal Requirements
A college-educated CA can be hired with the intent to enter a firm by completing the law degrees or the certification in any one of four (or four) courses. Legal studies and practical experience must also be included in the application fee. This must include the following: • the Law Degree; • the MBA; • the MBA program or the MBA degree in finance or financial administration
· generally accepted accounting principles and auditing standards· ethics and public responsibilities· computers and information technology· income and other taxes· lawDuring their employment they must complete a one-week staff training program within the first 12 months of working in the designated training office. After they must successfully complete the School of Accountancy. It consists of two segments, a core-knowledge examination (CKE) and an end-of-School examination (ESE). The CKE must be successfully completed in order to attend the full-time segment of the School and an acceptable result on the CKE and the ESE must be achieved in order to attempt the UFE.
Finally the national Uniform Final Examination (UFE), an extremely difficult examination. Passing the exam, together with completion of the CA programs arranged practical experience requirements, will certify them as a chartered accountant and allow them to practice public accounting and to perform professional services.
CA CareersAuditAuditing is the examination of an organizations financial statements and reporting on whether or not the results are fair. The auditing function of CAs is becoming increasingly important as more clients are depending on their knowledge and expertise in reporting on financial statements. Its also becoming more computerized thus creating less stress for the CA.
Budget AnalysisBudget analysts are responsible for developing and managing organizations financial plans. Most accountants entering this field find jobs in governments and private industries. Along with the knowledge of accountancy and business management, budget analysts require exceptional people skills because it involves lots negotiations and discussions.
ConsultingThe consulting aspect of public practice is also important. Chartered Accountants expertise helps businesses maximize profits while reducing manufacturing or service costs. Their knowledge and understanding of the economic market provide businesses with strategic advice that allows them to grow and expand their operations.
Financial AccountingFinancial accountants prepare financial statements based on general ledgers, trial balances, and control accounts. They are involved in important financial decisions such as mergers, acquisitions, company planning and long-term