We live in a world dominated by numbers and computations. To know the exact age of a person, just deduct the birth year from the current year. Our grades in school are constantly computed by our teachers. Salaries of our parents are precisely calculated down to the last cents minus the taxes. Sales for the day of businesses are meticulously totaled and rechecked for accuracy. Business taxes, incomes taxes, and other taxes are painstakingly verified to avoid penalties. In any case, precision of computation is needed. In some cases where a high level of accounting is demanded, a Chartered Accountant is hired. Because of their mastery and specialized skills in accounting, a Chartered Accountant often earns and gets respected more compared to other office-based professionals. For this reason, becoming a Chartered Accountant is a good profession.
The term “Chartered Accountant” is an accounting designation that is given to accounting professionals working in several countries outside of the United States of America. In the United States and some countries, such as the Philippines, they are called CPA or Certified Public Accountant.
When a person is certified to become a Chartered Accountant or CPA, it means that the holder has the sufficient qualifications to audit financial statements and specific business practices. The Chartered Accountant has also the license to offer advisory services to clients. For instance, you may want to consult a Chartered Accountant how much tax you should pay for your west coast flooring business.
Chartered Accountants can be found working in diverse fields of business and finance both in the private sector and government service. They are hired to do work in audit, taxation, financial management, general management, forensic accounting, financial reporting, corporate finance, business recovery and insolvency, and accounting systems and processes.
The Chartered Accountant profession is steadily growing in popularity thanks to a global exposure of its relevance and applicability. For instance, organizers of many beauty pageants, such as the Miss Universe, hire the services of a group of Chartered Accountants to tabulate the official results and proclaim the winner. Even the Academy of Motion Picture Arts and Sciences (AMPAS) contract the professional services of CPA’s to determine the official winners of the annual Academy Awards or popularly known as The Oscars.
Chartered Accountants or CPA’s are highly respected and looked up to in many countries. In the Philippines, for instance, CPA’s are considered to be very intelligent due to their years of studies and mastery in accounting. They often have to read more books, especially in accounting and law, compared to other students in other courses. When a person passes the CPA or Chartered Accountant licensure exam, it means that the person is a cut above the rest for he has achieved a high level of intellect.
Many Chartered Accountants, who spend a successful career in accounting, often move up to other careers. Some become brilliant lawyers, while others become respected public officials or business leaders. Becoming a Chartered Accountant is still an excellent profession to enter, and this field allows you to earn a lot of money in the world.