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    Question ID:   6235         Current Version: 2
Question: What do I need to know about the career of Chartered Accountant?
Category: Job & Careers > Career Counseling
Keywords: job, career, CPA, CA, Chartered Accountant
Type: what
Rating:(0 ratings)    Views: 376    Discussions: 0   In Watch Lists: 2  

 
    Answer:
Chartered Accounts (CA) are a special group of people among the accountant population. You can learn about their career by visiting the description of the career of accountant.

The term chartered origins from the Royal Charter granted to the world's first professional body of accountants in 1854 when they were established. One becomes a Chartered Accountant after successfully completing the Chartered Accountants program. CA's undergo lengthy and rigorous training and must pass numerous examinations to qualify for its association membership. Moreover, they are required to maintain high standards of professional conduct and competence supervised by their home institutes. Certified Public Accountant (CPA) in the U.S. is the equivalent of a CA in Austrialia, Britain, Canada, etc. Different Countries have their own institutes, for example:

The benefits the CA institutes bring to their members typically include:

  • Provide information for career development and advancement
  • Enhance public understanding and perception of the CA designation
  • Encourage education and research devoted to international accountancy issues
  • Facilitate business networking and social interaction

The range of professional activities of CA's include auditing, financial reporting, taxation, personal finance, corporate finance, financial management and information technology. CA work in all fields of business and finance. Their skills of a CA are currently in high demand in many organizations like

  • International professional services
  • Mid-tier accounting organizations
  • Small to medium accounting organizations
  • Large corporates
  • Public sector
  • Not-for-profit / charity
  • Government bodies

A salary survey of CPA in the United States (August 2008) showed that average CPA earns

  • $47,346 with less than 1 year experience
  • $49,267 with 1 to 4 years of experience
  • $59,778 with 5 to 9 years of experience
  • $68,542 with 10 to 19 years of experience
  • $76,371 with 20+ years of experience
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