Q:

What does a chartered accountant do?

A:

According to TARGETJobs, chartered accountants are hired by organizations or private clients in the United Kingdom to audit accounts, offer financial advice and perform accounts administration. Chartered accountants work with a wide variety of clients ranging from multinational corporations and governmental organizations to smaller independent businesses. Chartered accountants can become certified in specialties including auditing, consulting with management, recovery, forensic accountancy, taxation, assurance and corporate finance.

TARGETJobs describes many duties that a chartered accountant may be responsible for, including administering payroll, controlling income and expenses, preparing accounts and tax returns, compiling reports based on business plans and budgets, financial forecasting and risk analysis, negotiating business deals, and providing tax planning services in accordance with current legislation. Chartered accountants are typically employed by private accounting firms, professional service firms, industrial organizations, non-profit organizations and charities, commercial and corporate institutions, governmental bodies and the public sector.

Previous studies in accounting or finance are not a prerequisite for becoming a chartered accountant, according to TARGETJobs, but having these courses mastered may allow the waiving of certain exams. Qualification as a chartered accountant takes at least three years of qualified work experience. Chartered accountants must pursue continuing professional education annually in order to practice.

Sources:

  1. targetjobs.co.uk

Is this answer helpful?

Similar Questions

  • Q:

    How do you become an accountant?

    A:

    The typical prerequisite for an entry-level job as an accountant is a bachelor's degree with a major in accounting or a related field, such as business finance. Accountants can pursue certifications in specific accounting fields, a master's degree in accounting or licensure as a certified public accountant to improve job prospects and advance in their careers.

    Full Answer >
    Filed Under:
  • Q:

    How do you become a teacher in Florida?

    A:

    There are several requirements to be hired as a teacher in Florida, including possessing an accredited four-year bachelor's degree and completing an approved teacher training program. The state also requires all applicants to obtain a certificate through the Florida Bureau of Educator Certification.

    Full Answer >
    Filed Under:
  • Q:

    How do you become a forensic accountant?

    A:

    Forensic accountants need to have a bachelor's degree in finance or accounting at a minimum. Forensic accountants must also pass the Uniform Certified Public Account Examination to gain entry into the field.

    Full Answer >
    Filed Under:
  • Q:

    What does a forensic accountant do?

    A:

    A forensic accountant combines investigation skills with accounting skills to examine financial records and reports and ensure accurate tracking of financial data. In many cases, forensic accountants work on projects where actual litigation or disputes are in question. In these situations, forensic accountants review financial data, investigate any potential discrepancies, and produce reports or summaries based on their activities.

    Full Answer >
    Filed Under:

Explore