Nowadays, financial planning is an important concern for everyone; it is all about planning and designing a strategy to safeguard an individual or business from future threat. There is a question, which will perform that job and manage financial resources? Chartered Accountant does exactly is something of a mystery, Chartered Accountant dealt with the financial aspects of various businesses with professionalism.
Chartered accountants work in different profit, non-profit organizations, and financial sectors to operate and manage funds. They have sufficient knowledge and expertise to handle financial and accounting issues of business sector with professionalism. You can hire a Chartered Accountant to help you in tax planning and compliance, capital structure, conducting and preparing feasibility study and project reports, mobilizing financial resources, organizational development, and installing internal accounting and budgetary controls.
The scope of Chartered Accountancy is very wide; Chartered Accountant should also pass Certified Public Accountant (CMA) and Certified Management Accountant (CPA) courses in additional to his professional degree to handle financial issues with high level of professionalism. Chartered Accountant has to do an articleship that is the part of study programme. Person having qualification of Chartered Accountancy becomes multi-faceted personality and if he/she got MBA degree with that qualification that would definitely become “deadly combination.”
Chartered Accountant can help businesses in many ways; they can help in preparing project cost, assist in saving financial resources by cutting down various unnecessary costs, update regularly on financial position. The professional Chartered Accountants are also experts in accounting software, they can recommend best accounting software to their clients and provide software solutions preferred by the clients. With the help of advanced accounting software you can generate daily, weekly, monthly, and annual financial reports to analyze financial position of your business.
Corporate financial decisions are incomplete without input of professional accountant, accounting is not confided to one type of business or organization, Chartered Accountants are required in every industry like, service industry, manufacturing companies, public accounting firms, and government organization.
Handling legal issues pertaining to financial matters of business institutes, Human Resource, Accounts, Research, and Marketing Departments are the specialty of a Chartered Accountant. In Pakistan there are many firms providing services of Chartered Accountant for audit, and account maintenance. In most of the situation, business employer hire Chartered Accountant on contract basis with the responsibility to go through the financial statements, financial books, and vouchers and make sure that no discrepancy in accounts and certifies the financial records are according to the accounting rules.
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