person Chartered Accountant

person Chartered Accountant location_on Delhi Chartered Accountants are financial professionals who completed a specific training program to obtain that distinction. While numerous countries offer such instruction, the United States does not. American students interested in that level of education work to become a Certified Public Accountant (CPA). Reciprocity agreements allow Chartered Accountants who come to the U.S. to take a test that if passed lets their qualifications transfer so that they can work as CPAs. Chartered Accountants typically work full-time in offices, with overtime hours common during tax season. They may have a single employer (such as being on staff at a large company), work for an accounting firm that handles multiple clients or perform services as an independent contractor. Qualifications Employers of Chartered Accountants demand confidentiality and accuracy. Thus, Chartered Accountants must be honest, detail-oriented professionals who thrive on working with numbers. Other pertinent skills for Chartered Accountants to possess include : Organizing meticulously to keep financial documents in order Problem-solving to determine where errors might be occurring or to suggest ideas that would benefit the client, such as ways to limit tax liability Communicating well with others both orally and in writing so that people understand their options and your findings Committing to life-long learning to keep up with governmental and economic changes Being aware of financial situations and regulations in other countries since the global economy is increasingly becoming a concern to all businesses Responsiblitites Keep Books - A thorough record of money coming and going is essential. Chartered Accountants oversee the collection and maintenance of such data. If the company or client were audited, the IRS (or other governmental groups in the case of foreign countries) would need to see this information. Chartered Accountants also scrutinize the books regularly to spot patterns, ensure accuracy and look for areas where money might be saved by streamlining services or making budget cuts. Manage Taxes - Chartered Accountants assume responsibility for filing and paying taxes for their employers. They fill out the proper paperwork, arrange for payment and stay on top of any changes that would affect what is due or owed. Because of their expertise, Chartered Accountants know about tax breaks, deductions and other ways their clients might be able to save money. Provide Advice - Lawyers, executives and other decision-makers at companies may call upon Chartered Accountants to offer opinions or present options when changes to operations are being considered. For instance, a Chartered Accountant might be able to discuss what tax breaks would be available if environmentally friendly upgrades were made to a facility.