3 Most Important Criteria To Become A Chartered Accountant

A Chartered Accountancy job is one of the most challenging career choices in the field of business and management yet it is also one of the most rewarding. This particular designation is the perfect position to demonstrate mastery in accounting. In addition, chartered accountants have excellent prospects and opportunities for employment all over the glove as it has desirable salaries and flexibility in the designation. However, the path leading to this highly sought after designation is one that requires a solid education and training. A summary of the qualifications needed are highlighted below:

Path to chartered accountancy

The core requirement in your journey to becoming a Chartered Accountant is to choose the right education path. Since there are many different paths from Chartered accountant in audit to management, it is important that you find out what area you are truly passionate in. Most of these areas depend on the type of work you would like to get in to or your training background. For example, for banking jobs Singapore, a chartered accountancy in audit would be most suitable.

Undergraduate degree

A bachelor’s degree in an accredited university is mandatory and one specializing in accounting, business or economics would be the ideal areas of study to help you get started on the path to becoming a chartered accountant. While most finance jobs would only require a bachelor’s and/or master’s in the chosen field, a chartered accountancy career requires more qualifications. During your course, make sure to take extra classes pertaining to accountancy and mathematics to further hone your skills and knowledge.

Training and experience

Furthermore, enrolling in chartered accountant prep programs will give you basic training on preparing for chartered accountancy exams and its career path. These focused programs will help you build and improve your competencies in key areas such as finance, taxation, law and financial accounting to name a few that will help you face the professional chartered examinations confidently as well as prepare for your future job. Alongside the training, a mandatory requirement is for potential candidates to have at least three years of professional experience with a reputed employer. These employers need to be registered with the Association of Chartered Accountants in your particular region in order for your placement training to be valid. This is so that they are qualified to evaluate your performance and growth and give recommendations. Of course, if your employer is not registered you may get a registered CA who is authorized to evaluate you, however make sure with the association in your region if this is a viable option.