#1
26th March 2016, 10:31 AM
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Chartered Accountants services
Hello sir I want to become Chartered Accountant so I eager to know the various services offered by an CA so that I can get some idea about this career option.
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#2
26th March 2016, 10:31 AM
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Re: Chartered Accountants services
The vast changes occurring in the economy of the country have been placing great responsibilities on the Chartered Accountants. So they offer various types of services which are as follows. Services offered by CA 1. Accountancy This includes the writing up of accounts and the preparation of financial statements. 2. Auditing Possibly one of the most important functions of a Chartered Accountant, the purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles. 3. Taxation With a number of taxes on the statute book, current and continuing tax information has become vital to the effective economics of business management. 4. Cost Accountancy A Chartered Accountant is also trained to ascertain the costs of production and of processes at different levels of operations in the manufacture of a product and in the rendering of a service. 5. Special Company Work The services of Chartered Accountants are frequently sought in connection with matters such as the formation, financial structure and liquidation of limited companies. 6. Investigation Chartered Accountants are often called upon to carry out investigation to ascertain the financial position of business in connection with matters such as a new issue of share capital. 7. Executors and Trustees A Chartered Accountant is also often appointed executor under a will or trust in order to carry on the administration of the estate or settlements. 8. Directorship Many members of the Institute who hold senior position in industry and commerce are also directors of their companies. 9. Companies Secretarial Work The continued growth of limited companies enables the professional accountants to offer secretarial services to small companies, 10. Management Accounting This is another field in which the Chartered Accountant is able to render a service which is utilised in a variety of ways like formulation of policies, day to day control, performance evaluation, etc. 11. Share Valuation Work The Chartered Accountant undertakes the valuation of shares of public and private companies when amalgamation or re-organisation takes place for the purpose of takeover bids and other acquisitions. |