BENEFITS OF CA?

Chartered Accountancy is a profession which is considered as the most favorite among the students of commerce stream. CA profession has been growing in leaps and bounds since decades. Though considered as a tough course, many students pursue it together with their graduation, or even after graduation. CAs earn a huge respect in the society. They are the one who have the sole authority to sign the audit reports of a company, which is an exclusive right in itself. 

CA course is less costly than other professional courses and holds good value too. If you become a Chartered Accountant in India, you will be recognized in some other countries too, without any additional qualification. In addition to this, many CAs pursue Diploma in IFRS, ACCA, CPA, etc. for which they have to give very few papers if they are CA in India. This makes it easy for them to be placed internationally. 

CAs are also seen by the government as the partners who can help them in tracing black money and contribute to increasing the GDP of the nation. They are relied upon by various stakeholders too such as tax authorities, potential investors, government agencies, customers, directors, shareholders, etc. On the basis of the audited financial statements, these stakeholders take their decision.

The benefits of pursuing CA are as follows: 

1. ATTRACTIVE SALARY PACKAGES – As compared to other commerce professionals, CAs get a better salary package. Initially, they get handsome salary package of approximately Rs.8 Lakhs – Rs.10 Lakhs. With experience, the package increases. The highest package initially has been Rs. 30 Lakhs. In case the CAs get hired by international companies, they can even get a package of Rs.75 Lakhs. 
2. CONTRIBUTION TO THE NATION – CAs are considered as a Partner in Nation Building by the Government of India. This is a matter of honour for all CAs and CA aspirants. CA is a profession in which the students get a chance to contribute to the nation by auditing the accounts correctly and helping the authorities track the faulty transactions. 
3. RESPECT – CA Course is a comprehensive course, imbibing all the areas of knowledge which a commerce professional should know. CAs are a well of knowledge. They are also the sole signing authority to the audit report of companies and some other statutory audits. Hence, CAs are respected all over the world. 
4. LESS COSTLY – As compared to other professional courses of commerce stream, CA is less costly and also provides higher returns. Even if one opts for private coaching for the preparation, the total cost would be around Rs. 3-4 Lakhs.
5. GLOBAL CAREER OPPORTUNITIES – The Indian CAs can pursue CA Course in other countries too just by giving some additional papers This will ensure an international career for them. They can also be settled in countries which recognize Indian CAs as it is.
6. FLEXIBILITY – The job of a CA is flexible. He has vast knowledge, which is why CAs can change their work profile. They can be employed in various firms, such as finance, consultancy, etc. They can be involved in taxation, audit, accounting, etc. They can also become entrepreneurs.
7. EXTENSIVE LEARNING – Conventionally, CA is considered as a thing about numbers only. But this is not the truth. CAs also obtain the knowledge of finance, business, technical skills, etc. This makes CA Course an epitome of extensive learning. It also helps them work in any sector which they specialize in. 
8. SECURITY AND STABILITY – There is job security for CAs because CAs are needed in every company, whether big or small. This makes CA profession recession – free. CAs are also stable because every company needs a CA for their audit. Audit is also undertaken by other organisations.
9. DISTANCE LEARNING COURSE – Unlike regular courses, CA is a distance learning profession, where you can study from your home and give the exams when you prepare. A lot of coaching institutions have taken the benefit of technology and many of them have started giving pen drive recorded classes, which needs internet also only for 5 minutes for activation. Hence, you can watch them from any remote area of the country. 

These benefits of CA make it different, interesting and widely accessed by a lot of students.