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Confused about which career to choose? Do you think you have what it takes to be a master of the world of business & finance? Have you wondered how your love of numbers can translate into the right career for you? Practically experience & learn the aspects of accounting, depreciation, auditing and tax collection, among others. Test yourself as a Chartered Accountant through our online Virtual Internship Program (VIP), simply from the comfort of your home, anytime, anywhere!
Mr. Manoj Shah, one of the most reputable and honourable Chartered accountants, is the founding partner of the renowned Shah & Modi Chartered Accountancy. His over 30 years of valuable and professional experience adds principally to his commendable credit. His expertise fall in the fields of Direct Tax, Audit and FEMA. He has several rewards and recognotions to his name. Watch him as he talks about the intricacies and nuances of the Chartered Accountancy world.
Introduction
In this section, learn what a Charetered Accountant actually does.
Accounting
Understand what is Accounting & the fundamentals of Accounting.
REAL Sort
Revenue = Income; Expense = Cost incurred; Asset = Things owned by the company; Liability = Things owed by the company
Depreciation
Depreciation is an important acounting terminology. Let's understand more about depreciation.
Calculate Depreciation
Calculate depreciation for the asset. You have been given the formula & calculator.
Auditing
Auditing is a key function for Charetered Accountants. Let's learn what auditing actually is.
Auditing revenues
You have been provided with the Tally screen & various bills. You need to verify if all the items in the checklist have been correctly entered in the Tally screen.
Auditing Expenses
As an auditor, you also have to check if the company has followed all the laws. Let's understand more about this.
Auditing expenses Activity
You need to verify if the rules of Income Tax have been obeyed or no. You will find relevant information in the bills & Tally screen to find out if the rules have been obeyed.
Tax
Tax is another key function of a Charetered Accountant. Let's understand more about tax.
Tax Calculation
Use the calculator to calculate tax as per the Rules provided.
Conclusion
In this section we understand the challenges, work life balance, job satisfaction and other aspects of a Charetered Accountants life.
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