If not Chartered Accountant Become Business Accountant

Students often find themselves confused as to what to do after passing exams. Well I have one thing to tell them…..this is just the beginning. Sometimes, it is good to be confused, that shows you don’t want to do what others tell you to do and your conscious is telling you to think hard before you take the next step. This is where you sit (or stand or walk or do anything else but do it alone) and analyse your strengths and weaknesses, you will get your answer. As students we have been taught how to get marks in subjects rather than focussing on what subjects attract our interest. If you have no interest in a subject, phir toh ratta mar ke pass ho jao. I could never mug up a subject, my brain doesn’t process it well. Unless I understand things logically it never stays in my mind……maybe that’s how I became an accountant….a Chartered Accountant.

As graduates, we are confused….should we take up a professional course….MBA, CA, CS, CWA, Lawyer or other such course or should we take up a job to support family. I was fortunate enough to take the first option as I had my family to support me till I could finish my studies. I have seen many people who are not so fortunate and due to family issues are not able to take the first option and settle for a job. Some people do not have the confidence to take up a professional course end up doing accounting jobs after graduation.

As commerce graduates, it is difficult to compete in this fast moving world with professional accountants who are technically well versed with the legal and business environment. Commerce graduates working as accountants have a limitation, they lack in having a broad outlook of a business environment. We observe these limitations with experienced accountants as well. The task of an accountant has shifted from a data entry personnel to a business professional who can understand applicable laws in India such as Income tax, Sales tax, Service tax, TDS, etc. and perform basic tasks and also enable the business to comply with these laws.

Looking at the changing business scenario and the way business is carried out in India there is a need for Business Accountants. You will ask who is a business accountant. The answer is a business professional who understands internal business processes within an organisation and who diligently follows the same, who can manage accounting tasks on a day-to-day basis and has a broad outlook of the business. These aspects in an accountant are very important for career growth as this will help build your skill through knowledge first and then from experience.

Being a business accountantwill help commerce graduates take a step further in learning technical and operational aspects in accounting function of businesses in all sizes.

The world is coming closer each day where all eyes are on the Indian economy and to be at pace with our changing environment it is necessary to enhance your skill sets to give you an edge. There are approximately 230,000 Chartered Accountants in our country’s total population of 1.28 billion people. Hence, there is a significant need for knowledgeable accounting professionals in our country. There is a need for business accountants.

Start-up companies in India with investments from abroad are now a normal phenomenon in our country. Small and medium size Companies who are at its idea and start-up phase cannot afford to employ full time Chartered Accountants. As an alternate, they look at employing experienced commerce graduates having business outlook and can manage the accounting work of their businesses. Business accountantswill be prepared to handle this kind of business environment. Going ahead, as the job profile of the business accountantbuilds, he builds his confidence in doing complicated tasks which ensures career growth within and outside the Company.

Having said that lets understand the technical aspects that a business accountant may deal with in a business:

  • Understanding of accounting in widely used accounting applications such as SAP, Tally, and Quick books
  • Maintain books of accounts of any type of business from scratch
  • Finalise financial statements
  • Understanding of Direct and Indirect taxes
  • Filings under Direct and Indirect tax laws
  • Participants will want to take up challenging roles within the business
  • MIS reporting to management
  • Understanding of advanced excel functions

So how do you become a business accountant…..EduPristine will prepare you to be a Business Accountant!EduPristine will prepare participants not only to get a JOB in the industry but will also help you build a career with this course which leads you to become Industry Oriented Accounts professional.

Happy learning 🙂

EduPristine: Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.