Play­ing the

COV­ER­ING THE RANGE The sub­jects one has to master while study­ing char­tered ac­coun­tancy in­clude au­dit­ing, ac­count­ing, com­pany law, in­come taxes, in­di­rect taxes etc

Hindustan Times (Delhi) - HT Education - - Front Page - Rozelle Laha

Any­body keenly in­ter­ested in en­ter­preneur­ship, who wants to learn more about the fun­da­men­tals of eco­nom­ics, how economies op­er­ate or how to make prof­its or any­thing re­lated to the field of tax­a­tion can choose char­tered ac­coun­tancy as a ca­reer op­tion.

It was an in­ter­est­ing turn of events that made Vikas Vasal choose char­tered ac­coun­tancy ( CA) as his pro­fes­sion. The part­ner and na­tional head (tax mar­kets) at KPMG in In­dia, Vasal rec­ol­lects, “In Class 10, I was not sure what I wanted to do at that stage. I was one of the top­pers in school. My prin­ci­pal in­sisted that I should opt for science. My en­tire fam­ily, which has been as­so­ci­ated with the com­merce field start­ing from my grand­fa­ther to my fa­ther, wanted me to go for com­merce in Class 12. I lis­tened to them and ul­ti­mately opted for com­merce. Also, I was more open to com­merce as it in­volved some of my favourite sub­jects, in­clud­ing busi­ness, trade, ac­coun­tancy and eco­nom­ics, and not math and science.”

Most of Vasal’s batch­mates at Shri Ram Col­lege of Com­merce took up char­tered ac­coun­tancy and he fol­lowed suit be­cause of the “peer pres­sure” as he calls it. “I am not very sure if that was the right way to choose a ca­reer, but I am proud that I made the right choice.”

The chal­lenges one faces as a CA in­volves keep­ing abreast of the latest de­vel­op­ments tak­ing place in the field al­most on a daily ba­sis, and then help­ing clients meet their busi­ness ob­jec­tives, en­sur­ing they com­ply with the law at all times. “Ev­ery day one has to take out time to make sure that one is read­ing and up­dat­ing one­self. As a CA, one should be up-to-date with the reg­u­la­tions in one’s field. For in­stance, an au­di­tor should be aware of what’s hap­pen­ing in au­dit­ing and com­pany law. Sim­i­larly, a tax pro­fes­sional should be aware of the changes in the tax laws and court rul­ings,” ad­vises Vasal.

In the 19 years he has worked, Vasal has com­pleted a num­ber of in­ter­est­ing as­sign­ments. The op­por­tu­nity of rep­re­sent­ing In­dia be­fore global multi­na­tional cor­po­ra­tions is very sat­is­fy­ing. “To ini­ti­ate dis­cus­sions with their top man­age­ment and present not only the work that I and my or­gan­i­sa­tion but also rep­re­sent the coun­try makes me re­alise there is for me a higher pur­pose in work­ing for the coun­try and so­ci­ety at large,” says Vasal. “Help­ing global com­pa­nies iden­tify and con­sider In­dia as the pre­ferred in­vest­ment des­ti­na­tion, at­tract­ing in­vest­ments into the coun­try and in turn help­ing cre­ate em­ploy­ment op­por­tu­ni­ties for the youth gives me im­mense sat­is­fac­tion as a pro­fes­sional”, he adds.

One needs to clear two lev­els of ex­ams in char­tered ac­coun­tancy - in­ter­me­di­ate and fi­nal. The sub­jects one has to master in the course in­clude au­dit­ing, ac­count­ing, com­pany law, in­come taxes, in­di­rect taxes, among oth­ers.

Pre­par­ing for CA makes you a well-rounded pro­fes­sional, even if you don’t want to do a job or prac­tice and want to start your own busi­ness.

The level of knowl­edge that you de­velop while do­ing a CA helps cover ev­ery as­pect of a busi­ness - should you want a ca­reer as an en­tre­pre­neur. For ex­am­ple, if you meet in­vestors and you men­tion that you are a CA, their con­fi­dence in you goes up dra­mat­i­cally, says Vasal.

Vikas Vasal, cur­rently part­ner and na­tional head (tax mar­kets) at KPMG in In­dia, was, as a school stu­dent, asked by his prin­ci­pal to take up math and science but ended up study­ing com­merce like his fa­ther and grand­fa­ther.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.