What Are The Challenges To Overcome To Become A Chartered Accountant?
Even though there are many professions in the world, many people want the title of a chartered accountant. It is not surprising since every business needs one to track their expenses, balance their finances, calculate their profit, and submit a financial report to the Inland Revenue Authority of Singapore (IRAS).
If you are one of them who wants to be a chartered accountant, here are the challenges you need to overcome.
Finish An Undergraduate Degree
The first challenge you need to overcome to be a chartered accountant is to get an undergraduate degree and make sure you have working experience in your chosen field. Doing so will help you become ready for more challenging situations.
Pass Several Accreditation Exams
Apart from reading and solving the 15 ICAEW modules, you have to take and pass accreditation exams. Those tests will cover financial management, bookkeeping, business strategy, taxation, and other parts of accounting.
Undertake Professional Development Training
To gain practical working experience as a chartered accountant, you will need to undergo 450 days of professional development training. At this point, you will be working with actual professionals and gaining skills from them.
Comply With A Code Of Ethics
To be worthy of your accounting certification, you should know the latest changes in the code of ethics and become compliant. Doing so will help you become an honest chartered accountant that values your clients.
Can Adapt To New Technologies
Apart from the new technologies taught to you in your chartered accountant course, you also need to know the best accounting software. It will help you a lot once you start working with an accounting firm and they ask you to use particular accounting software.
If you are up to these challenges of being a chartered accountant, go to ICAEW and learn how you can meet the Institute Chartered Accountant Qualification (ICAEW ACA).
