Career Opportunities in Public sector An aspirant with ample knowledge in the field of Chartered accountancy has a lot of job

opportunities in the Public sector. Some of the common employment areas recruiting them in the Public sector include the following.

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Income tax departments Public sector Banks Life Insurance firms Educational Institutes Indian Army Media and Communication Courts Training Institutes Water Authority Indian Railway Food Corporation of India (FCI) Indian Air force Indian Space Research Organization (ISRO) Bharat Heavy Electronics Limited (BHEL) Bharat Electronics Limited BSNL-Bharat Sanchar Nigam Ltd Civil Services National Handloom Development Corp (NHDCL)

Career opportunities in Private

There are a lot of job opportunities for an aspirant with good caliber in the field of Chartered accountancy. Some of the most common employment areas enjoyed by them in the Private sector include the following.

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Private sector Banks Self Practice IT firms Training firms Private Hospitals Mutual Funds KPO BPO Educational Institutes Research Institutes Life Insurance Manufacturing firms Private offices

Chartered Accountancy Opportunities Abroad A Chartered accountant has a great career abroad. He enjoys a wide variety of job profiles there. Also he will get exposure to a wide variety of ventures abroad. They will be offered very good salary packages also. With certain certifications they can grab better job profiles in reputed firms where they will get good remuneration.

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Challenges and change have played an essential role in my life. Though my early childhood was spent in South India, my family moved a lot, so my formative years were spent across different cities in India. Living in Chennai and Hyderabad helped me understand different cultures and broaden my outlook towards life. Later, I moved to Delhi to complete my education and take up Chartered Accountancy, which also fuelled my passion for travelling as I traversed the length and breadth of India for audits, including visiting tea plantations in remote regions of Bengal and Assam. After completing my Chartered Accountancy studies as an "all-India rank holder", I was offered a host of promising jobs. I joined HCL Corporation as a Senior Management trainee, and was placed in their fast track programme. I grew very quickly within the organization and was promoted five times in three years. When the going gets tough The story of how I moved from HCL to Landmark Group is an interesting one. While on a holiday in Dubai in 1994, I had an opportunity to meet with Group Chairman Micky Jagtiani and we discussed some possible roles for me in the Landmark Group. However, I never heard back for nearly a year and a half. Then, in early 1996, I received a call from the Group and joined in April that year as Finance Manager at Jebel Ali, UAE. I soon moved to Home Centre as Finance Manager for the UAE territory. A year and a half later, I was in Cyprus as the Territory General Manager. Heading Cyprus was particularly difficult as we faced severe challenges in the country, and this period was perhaps the biggest low point of my life. But I remained confident in my own abilities, keeping in mind the saying "When the going gets tough, the tough get going." In 2002, I moved back to the UAE for a brief stint before heading to Qatar as General Manager, where I put many of the lessons learned in Cyprus to good use. Having led the Qatar operations of the Group for nearly seven years, I recently moved back to the UAE as Chief Executive Officer of Hotels & Wellness (I currently head Citymax Hotels, Fitness First & Funcity). With the rapid growth in economy, careers in finance and accounts have gained tremendous popularity and the most prestigious career option in this filed is that of Chartered Accountant. Chartered Accountancy is a dynamic, challenging and rewarding profession. All the countries have their own Accountancy Association which regulates the quality and quantity of the professionals in this field. Chartered Accountancy Course is a professional course in Accounting introduced in our country in 1949, with the enactment of the Chartered Accountants Act. The Institute of Chartered Accountants of India (ICAI) was formed the same year . This Institute is both an examining and a licensing body. It is the responsibility of the institute to conduct the Chartered accountancy (CA) Course. The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required of a professional
Chartered accountant is one who is specialised in accounting, auditing and taxation. He also serves as a management and corporate caretaker. In recent times, accountancy has become popular as a profession. The services of a CA is required in money matters even in a small business . Moreover according to the Company Act only CA's in professional practice are allowed to be appointed as auditors

of companies in India. A chartered accountant is a person who is accepted as a member of the Institute of Chartered Accountants of India (ICAI) after having passed the Final examination of the Chartered accountancy course conducted by the institute.

Chartered Accountants enjoy a statutory monopoly in audit of financial statements under the Companies Act, 1956, Income Tax Act, 1961 and various other statutes in India.[22] Financial statements audited by a chartered accountant are presumed to have been prepared according to GAAP in India (otherwise the audit report should be qualified). However, not all Chartered Accountants work in audit. Firms of accountants provide varied business services, and many accountants are employed in commerce and industry. Their areas of expertise include financial reporting, auditing and assurance, arbitration, risk management, economics, corporate finance, management accounting, information systems audit, corporate law, direct tax, indirect tax and valuation of businesses. The Government of India is now planning to open up a new field of practice in social audit of government welfare schemes like MGNREGA and JnNURM.[citation needed][importance?] Apart from the field of professional practice, some CAs work in industry and commerce in financial and general management positions such as CFO and CEO. MGNREGA : MAHATMA GANDHI NATIONAL RURAL EMPLOYMENT GURANTEE ACT. introduce to provide employment to ruraler, RS. 120 per day for increasing purchasing power of villegers[ who is below the poverty line ] The chief financial officer (CFO) or Chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to finance director, a common title in the United Kingdom. The CFO typically reports to the chief executive officer and to the board of directors, and may additionally sit on the board.

qulification
Most CFOs of large companies have finance qualifications such as an MBA or come from an accounting background. Arbitration, a form of alternative dispute resolution (ADR), is a legal technique for the resolution of disputes outside the courts, where the parties to a dispute refer it to one or more persons (the "arbitrators", "arbiters" or "arbitral tribunal"), by whose decision (the "award") they agree to be bound. It is a settlement technique in which a third party reviews the case and imposes a decision that is legally binding for both sides.[1] Other forms of ADR include mediation[2] (a form of settlement negotiation facilitated by a neutral third party) and nonbinding resolution by experts. Arbitration is often used for the resolution of commercial disputes, particularly in the context of international commercial transactions. The use of arbitration is also frequently employed in consumer and employment matters, where arbitration may be mandated by the terms of employment or commercial contracts.

Arbitration can be either voluntary or mandatory (although mandatory arbitration can

only come from a statute or from a contract that is voluntarily entered into, where the parties agree to hold all disputes to arbitration, without knowing, specifically, what disputes will ever occur) and can be either binding or non-binding. Non-binding arbitration is, on the surface, similar to mediation. However, the principal distinction is that whereas a mediator will try to help the parties find a middle ground on which to compromise, the (non-binding) arbitrator remains totally removed from the settlement process and will only give a determination of liability and, if appropriate, an indication of the quantum of damages payable.
non arbitrating means not binding/only give advice

Risk management is the identification, assessment, and prioritization of risks (defined in ISO
31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events[1] or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.

ISO 31000 gives tha guidelines & principles to assess the risk.

Management accounting or managerial accounting is concerned with the provisions and

use of accounting information to managers within organizations, to provide them with the basis to make informed business decisions that will allow them to be better equipped in their management and control functions. In contrast to financial accountancy information, management accounting information is:
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primarily forward-looking, instead of historical; model based with a degree of abstraction to support decision making generically, instead of case based; designed and intended for use by managers within the organization, instead of being intended for use by shareholders, creditors, and public regulators; usually confidential and used by management, instead of publicly reported; computed by reference to the needs of managers, often using management information systems
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An information technology audit, or information systems audit, is an

examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement. IT audits are also known as "automated data processing (ADP) audits" and "computer audits". They were formerly called "electronic data processing (EDP) audits".

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Members of the Institute are known as Chartered Accountants. Becoming a

member requires passing the prescribed examinations, three years of practical training (known as articleship) and meeting other requirements under the Act and Regulations. A member of ICAI can use the title CA before their names.[18] A member of ICAI may either be an Associate Chartered Accountant (A.C.A.) or a Fellow Chartered Accountant (F.C.A.) based on his experience. Further based on holding Certificate of Practice, they may also be classified as practising and non-practising Chartered Accountants. As of April 2010, the Institute has 161,516 members out of which 94,991 are Associate Chartered Accountants and 66,525 are Fellow Chartered Accountants.[19]

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[edit] Associates and fellows

Any person who is granted membership of the Institute becomes an Associate Chartered Accountant and is entitled to use the letters A.C.A. after his name. Generally associates are usually members of the Institute with less than 5 years of experience after which they become entitled to apply for being a fellow member. Some associate members, particularly those not in practice, often voluntarily chose not to apply to be a fellow due to a variety of reasons. An associate member who has been in continuous practice in India or has worked for a commercial or government organization for at least five years and meets other conditions as prescribed can apply to the Institute to get designated as a "Fellow". A fellow Chartered Accountant is entitled to use the letters FCA. after his name. Responsibilities and voting rights of both types of members remain the same but only fellows can be elected to the Council and Regional Councils of ICAI. Fellows are perceived as enjoying a higher status due to their longer professional experience.

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[edit] Practising Chartered Accountants

Any member wanting to engage in public practice has to first apply for and obtain a Certificate of Practice from the Council of ICAI.[20] Only members holding a Certificate of Practice may act as auditors or certify documents required by various tax and financial regulatory authorities in India. Once a member obtains a Certificate of Practice, his responsibility to the society increases manifold. The ethical principles applicable to a practising CA provided in first and second schedule of the Chartered Accountants Act, 1949 are more rigorous than the ones applicable to non-practising CAs or both. In India an individual Chartered Accountant or a firm of Chartered Accountants can practice the profession of Chartered Accountancy. After the enactment of the Limited Liability Partnership Act, 2009 it is expected that in the near future a Limited Liability Partnership (LLP) will be legally allowed to practise. A Bill has already been introduced in the Indian Parliament to give effect to the same.[21] Corporation, companies and other bodies corporate are prohibited from practising as Chartered Accountants in India

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NAME ADDRESS

DISHA BHARAT SHAH JALANI JAR, BUTTA KUVA STREET,

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NEW S.S.C. H.S.C. F.Y.B.Com.

JAMNAGAR 361 001 MARCH 2008 (GUJ. MEDIUM) MARKS : 529/650 81.38% MARCH-2010 (GUJ. MEDIUM) MARKS : 581/700 - 83.00% EXTERNAL ENG. MEDIUM MARCH-2011 MARKS : 483/800 - 60.37% DECEMBER 2010 MARKS : 162/200 NOVEMBER-2011 MARKS : 416/700

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C.P.T. I.P.C.C. BOTH GROUP