What Is A CA And How To Become One?

May 15, 20222 Minutes Read
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Are you good with numbers and confident in your analytical skills? Well, then Chartered Accountancy might be the ideal career choice. Being a CA is not easy. But you earn respect. The starting salary is around INR 7lakh per year.

But, what is a CA?

A Chartered Accountant is a finance professional. They could be in charge of the accounting department. They generate financial statements, manage taxes, audit and act as financial advisors. A CA has four specialisations that they can choose from:

  1. Financial accounting and reporting

  2. Management accounting

  3. Applied finance

  4. Taxation

    As a CA, you can work in both public and private sectors. The job scope includes:

  • Chartered accountant firms

  • Financial institutions

  • Consultancy firms

  • Businesses and industries

  • Capital market services

  • Independent practice

    Here are some job roles and their respective responsibilities:

  • Financial Accounting: Manage accounts, Perform internal audits, Manage salaries and wages, Send out invoices, Manage tax

  • Cost Accounting: Forecasting, Budgeting & control, Expenditure control

  • Tax Management: Advice on taxes as per changes in business plans

  • Auditing: Perform statutory audits as per Company Act, Internal audits

  • Consultancy: Corporate law advice on financial aspects, Project planning, Business advice regarding profits, expansion and more, Information systems management

Why become a CA?

The entire world runs on money. Every business needs help in managing their finances, filing taxes and auditing. Regardless of the industry, every organisation needs finance management. Chartered accountants are the solution. The opportunities to work are endless. All of this makes the job essential. Which in turn increases the demand. The salary is also pretty high.

How to become a CA?

The journey is long, but you can do it! To become a CA in India, you'll have to gain membership to the Institute of Chartered Accountants of India. The ICAI is responsible for the education and administration of the CA Course. Below is the list of courses and exams you will have to take to become a CA.

  1. After 12th grade, complete a 4 month CA Foundation Course. Appear for the Common Proficiency Test or CPT.

  2. Complete an 8 month CA Intermediate Course. Appear for the Integrated Professional Competence Course (IPCC) Exam. You need to pass at least one of the two exams to move forward.

  3. Complete 4 weeks of Integrated Course on Information Technology and Soft skills (ICITSS).

  4. Apply for Articleship: 3- year article/practical training.

  5. Clear the pending IPCC exam if you haven't.

  6. After the first year of your articleship, you can apply for a 4 week AICITSS course. AICTITSS stands for Advanced Integrated Course on Information Technology and Soft skills.

  7. Complete the CA Final Course and appear for the Final Exam.

  8. Enrol as a member of the ICAI to be designated as a "Chartered Accountant".

    If you are a commerce graduate or a post-graduate and wish to become a CA, you can! The only condition is that you must have scored at least 60% aggregate. The journey is similar, except you can avoid step 1 completely.

    If you are unsure, opt for free Career Guidance at Glow & Lovely Careers (formally known as the Fair & Lovely Foundation). If you plan to take the exams, brush up your knowledge with their Finance Courses.

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February 19, 20242 Minutes Read

Social Entrepreneurship: Women Driving Impactful Change in India

A powerful force is reshaping communities and driving positive change -- women-led social entrepreneurship . As the narrative of entrepreneurship evolves, so does the role of women who are not just creating businesses but building ventures with a profound impact on society. Let's explore the realm of women's entrepreneurship and the significant strides in social entrepreneurship .

Social entrepreneurship is about harnessing the power of business to address social and environmental challenges. In India, many women embrace this approach, positioning themselves as business leaders and catalysts for positive change. Their ventures aim not just for profit but also for meaningful impact on the communities they serve.

The landscape of women entrepreneurship in India is growing, with female entrepreneurs actively participating in diverse sectors, including social entrepreneurship. This shift is breaking stereotypes and showcasing the multifaceted roles women can play as business leaders with a mission beyond just financial gains.

One compelling aspect of this transformation is the variety of startup ideas for women in social entrepreneurship. From ventures addressing healthcare disparities to those focused on education, women are bringing innovative solutions to the forefront. These ventures are not just about economic empowerment but about creating sustainable change in the fabric of society.

Social entrepreneurship ideas are often born from a deep understanding of local challenges. As the architects of many of these initiatives, women bring a unique perspective to problem-solving. Whether providing access to clean water, improving healthcare facilities, or promoting sustainable agriculture, these entrepreneurs are at the forefront of impactful change.

The intersection of entrepreneur ideas for women and social entrepreneurship creates a space where purpose-driven businesses thrive. Women are not just looking for financial success; they seek ways to contribute meaningfully to society. The spirit of collaboration and community building is embedded in their ventures, fostering a sense of shared responsibility and collective well-being.

One notable example is Preeti Singh, a social entrepreneur who founded a venture focused on menstrual hygiene in rural India. Her initiative addresses a critical health issue and empowers women by providing them with sustainable and affordable solutions. Preeti's story represents the transformative potential of women's entrepreneurship in tackling societal challenges.

The emphasis on social entrepreneurship among women is also generating a ripple effect regarding mentorship and support networks. Established female entrepreneurs are actively encouraging and guiding the next generation. This mentorship is crucial in nurturing a culture of innovation and resilience among women venturing into social entrepreneurship.

The momentum of women entrepreneurship in social impact ventures is not just a trend; it signifies a paradigm shift in how businesses operate in India. Organisations and institutions recognise women's value in terms of empathy, collaboration, and a deep understanding of community needs.

The rise of social entrepreneurship driven by women in India is a testament to the transformative power of purpose-driven businesses. As more women explore and invest in entrepreneurial ideas for women that focus on social impact, the future promises a more equitable and sustainable society. These women entrepreneurs are not just building businesses but driving impactful change and leaving an indelible mark on the nation's socio-economic fabric.

At Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation), we believe in empowering women to be independent. We provide online career guidance, existing jobs and other online courses to help them nurture their dream of driving social entrepreneurship in India.