A lot of people might struggle with accounting and finance, but this shouldn't put anyone off. A career in accountancy can be rewarding, making it easier to manage money and have a comfortable lifestyle.
What is a Chartered Accountant?
A Chartered Accountant is the most highly qualified accounting professional. A Chartered Accountant is a member of the Chartered Institute of Management Accountants (CIMA), the largest professional body for accountants worldwide. To know more about chartered accountants, you can browse this https://parkerrussell.co.uk/.
Chartered Accountants have to pass an extremely rigorous exam, which tests their knowledge in both theoretical and practical accounting disciplines. They also have to submit an annual portfolio of work that demonstrates their ability to provide high-quality, audit-ready financial reports.
Because of their qualifications and experience, Chartered Accountants are respected and highly sought after by businesses and organizations all over the world. They can be found working in a variety of industries, from small businesses to multinationals.
How to Become a Chartered Accountant
Becoming a chartered accountant is one of the highest honors a professional accountant can achieve. To be accepted into the Chartered Accountants Australia and New Zealand (CAA) program, an accountant must first earn a degree from an accredited accounting program and then complete CAA’s rigorous two-year membership program.
Once an accountant has met these requirements, passing CAA’s rigorous professional exams is the next step. The three main exams an accountant can take are the Certified Public Accountant (CPA) exam, the Chartered Accountant (CA) exam, and the Taxation Institute of Australia (TIA) auditing exam. Once an accountant has passed all three exams, he or she is officially a chartered accountant.