8 Most important duties of Chartered Accountant

The chartered accountant is the person who carried out the duties of an accountant either by working with an organization or individual. In order to become a certified chartered accountant, the candidate has to clear the examination.

A chartered accountant is the person who is responsible for preparing and managing the various reports and documentation of an organization such as financial reports and have to analyze the reports and also present the reports to the higher management of the organization for a C. A is working. The degree of chartered accountant enables the individual to practice accountancy at the highest level. Once the qualification of the chartered accountant has been obtained by an individual, he/she can look forward to the bright future for him/her. A chartered accountant qualification can take that individual to the various fields related to it such as financial accountancy, management accountancy, cost accountancy, forensic accountancy and so on. A chartered accountant is responsible for managing the financial accounts of the organization.

A chartered accountant has to take many duties on his or her shoulders. Look at some of the duties which a chartered accountant has to complete-

Tax Accountant

From the daily value-added tax to the sharing plan, there is a tax issue every business cycle. Tax accountants prepare business and personal income tax returns, formulate tax strategies, including financial solutions, how best to deal with mergers and acquisitions, defer tax payments, and when cost items. There is also a new tax included in by the Indian government GST, so now a tax accountant also has to see for GST accounting.

Management Accountant

Historically, many management accountants were laughed at as "bean counters." That mentality has changed dramatically as management accountants now often work with marketing and finance staff to develop new businesses. Management Accountants work in the company, participate in the capital budget and business analysis and decision-making

Financial accounting

The work of Financial accountants could also be totally different - at some point, they will interact in necessary financial selections involving mergers and acquisitions, might visit purchasers or suppliers, originated new accounts and discuss business and additionally do accounts outsourcing. This work needs a decent understanding of accounting and finance.

Audit

The audit involves examining the accounting books and financial statements within the company and is the basis for accounting practice. Audits are increasingly computerized and can rely on advanced random sampling methods. Audits may involve many trips and allow chartered accountants to work in a wide range of industries.

Budget Analyst

The budget analyst is responsible for developing and managing the organization's financial plans. The government and private enterprises have a lot of work in this area. In addition to quantitative skills, many budget analyst positions require good staff skills due to job negotiations. Chartered accounting qualifications provide you with the tools you need to excel in this area.