Differents between Chartered Accountant and Certified Public Accountant?
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Chartered Accountant (CA) is a brand originated from British Royal Charter and widely spread in the Commonwealth since its inception in 19th century. The standard for UK CAs is said to be equivalent to a British degree.\n\nIn the accounting profession, there is no competitive league table similar to Master of Business Administration. As such, no accounting body can ethically claim to be the best in the world or equivalent to an MBA in the absence of a fair comparison. For non-British nations, Certified Public Accountant brands are the most popular. In the 21st century, CPAs or non-Chartered Accountants (even in United Kingdom and Australia) have become the largest bodies in terms of global membership. e.g. ACCA & CPA-Australia. As CAs can now freely merge with or reciprocate with non-CAs or non-audit bodies, equal treatment is given to all stakeholders. All auditing bodies recognized under statutes should have acceptable quality.\n\nIn the United Kingdom, there are five accounting bodies authorised by the Department of Trade and Industry under the Companies Acts to audit the accounts of a business as Registered Auditors. A member of these bodies will generally be known as a graduate member after passing all the necessary exams and then become an Affiliate, Associate or Fellow. Their counterpart in U.S.A is called American CPA or CPA of individual state board of accountancy (without mutual recognition agreement at Federal level). He or she should have been trained by a recognized qualifying body (RQB) such as the Association of International Accountants (AIA), Institute of Chartered Accountants of Scotland (ICAS),the Institute of Chartered Accountants in England & Wales (ICAEW), Institute of Chartered Accountants in Ireland or Association of Chartered Certified Accountants (ACCA). The primary authority is the Companies Act while the traditional authority is a Royal Charter granted by Her Majesty the Queen. Apart from brand preference, all five registered auditors are with equal status under law, particularly by reference to EU directives for mutual recognition with auditors of all twenty-five EU member states.\n\nIn Britain, ICAS is the oldest and smallest of these organisations. The AIA is the youngest with just around 76 years. In terms of number of members, ICAEW is the largest in England and EU while ACCA is the British largest global accounting body. All five British registered auditors are recognized to be a member of the Hong Kong Institute of Certified Public Accountants (HKICPA) subject to certain requirements. As such, "English Chartered Accountant equivalents" in UK are AIA and ACCA, recognised by the DTI, and by mutual recognition agreement with HKICPA, China (as Hong Kong was formerly a British state pre-1997).HKICPA is the only accounting body which gained exemptions from China Institute of Certified Public Accountants, Beijing (CICPA)and with reciprocal with six chartered accountants.\n\nConsumers or employers may be confused by the standing of Chartered Accountants (CA) in various jurisdictions. CAs in UK and those in the Commonwealth may not be interchangeable or be regarded as equivalent standards. Many jurisdictions have their own accreditation programs for admission of foreign or out of state accountants for quality assurance.\n\nSimilarly in the Republic of Ireland, there are five audit bodies under the Irish Companies Act: the Institute of Certified Public Accountant in Ireland, Institute of Incorporated Public Accountants, Institute of Chartered Accountants in Ireland, ACCA, and ICAEW, three of which are the same in the UK. "Irish Chartered Accountant equivalents" in the Republic of Ireland are the CPA (Ireland) and IIPA.\n\nIn United Kingdom and Ireland, there are other accounting bodies which have received the Royal charter or Royal Coat of Arms such as CIPFA,CIMA and ICEA but which are not yet authorised by the DTI to be Registered Auditors. It seems that such bodies will merge with
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u cn visit http://www.cpanet.com/cpa_forum\nits a complete site for cpa info specially for indian students to solve the doubts\ntry the following site\nhttp://www.nasba.org/nasbaweb.nsf\nhttp://www.cpa-exam.org/\ni hope this clarify ur doubts
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MBA is a Master's of Business Administration, which is an academic degree that can only be granted by an educational institution.\n\nCPA is Certified Public Accountant, which is a professional certification that can be achieved by taking a test of a standard body of knowledge.\n\nYou can get an MBA by attending college, but not a CPA.  You can hold an MBA degree and later sit for the CPA exam, or you can do it the other way around.\n\nI would recommend the MBA for a more general all-around knowledge of business.  If you are particularly interested in Accounting, then you could sit for the CPA.  Many business owners hire outside CPAs to audit and keep their financial records.
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In computerised accounting everything from journal to preparation of final accounts is done automatically. you can get some financial analysis also. There is more accuracy and speed in computerised accounting than manual accounting...a book keeper need not know everything about accouting to use accounting software...with little accounting knowledge he can do his job efficiently ...the burden for accountant is also reduced...he need not prepare financial reports and  his job function is limited to analysis only... \n\nIn manual accounting the whole burden of preparation of financial reports and analysis lies on the accountant.\n\nhttp://www.futureaccountant.com/\nhttp://www.schoolingkids.com
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here's what I could find.\n\nEffective June 2004 it will be required that students who wish to be certified as public accountants must pass all parts of the CPA exam and complete at least a 150 credit hours of college course work.  \n\n \n\n·        The 150 credits should include: 36 credit hours of accounting courses in which 30 must be upper division and include 30 credit hours of business related courses.   \n\n \n\n·        One year of work experience is required for certification.
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Different countries have different method of being certified. In kenya you do CPA 3, Section 6.  When you pass you get an invite from the KASNEB telling you to pay the registration fee and once you pay, you get to go to a ceremony of being certified and you are issued with a certificate
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What do you mean by "chartered"?\n\nIf you mean CPA, sure.
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They are several choices for accountant wannabes including CPA, CIMA and ACCA. So I guess, these sites might help you ;\n\nCPA Australia ; http://www.cpaaustralia.com.au/cps/rde/xchg\nCIMA UK ; http://www.cimaglobal.com\nACCA UK ; http://www.accaglobal.com
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Just from your phrasing, I'm assuming you mean the Statements on Standards for Tax Services issued by the AICPA (American Institute of Certified Public Accountants) or by a State CPA society.  In which case, those only apply to CPAs.\n\nHowever, lawyers also have their own similar standards, as do EAs and actuaries.  And everyone who prepares tax returns falls under the guidelines of IRS Circular 230.  I have heard that the certification body for Certified Financial Planners will adopt the AICPA standards, although they would be tailored a bit as they are unenrolled preparers.  I anticipate the published interpretations would also be tailored.
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Hi !\nSince your main strem is comm. I'ld like to suggest u to go and concentrate on any one of the Professional courses -\na.Chartered Accountancy\nb.MBA - Finance\nc.Chartered Secretary - ICS\nd.LLB-Taxation\ne.Cost Accountancy - ICWA\nf.Financial Analysist-ICFA\ng.Actuarrial Analyst\nh.M.Com + Ph.D.\n\nHowever there are other courses available online but they cost high and I dont know your financial supports.Remember that a combination of two professional courses always work best,e.g.C.A.+C.S. OR C.A. + MBA OR C.A.+ LLB OR ICS = LLB etc.\nMy guidance to u is- the course u choose should tally with ur interest and never choose a course as a result of any force or compromise otherwise u cant achieve goals of ur life.I wish u all the very best .. begin with smile\nbye - piyush.
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i believe business is better, business is a big realm and it always gives you the chance to go higher in the hierarchical system. accounting will most probably keep you as an accountant, senior accountant, or chief accounant.
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Accountants are realistic. Usually professionally they do not have any emotion what you have is what you have, the numbers never lie.
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There is no difference in the US in accounting methods for publicly traded companies. They must all conform to GAAP\n(Generally Accepted Accounting Principles)
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To know and understand what accounting really is take help from this site...\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
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What do u mean by this? Are you a Chartered Accountant?\nIn which country do you wanna work? \nThere are different pay scales in different countries.
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There are many different kinds of accountant.  If you are reasonably numerate (top 75 percentile) and logical/methodical in your approach to problem solving it isn't difficult at all.\n\nThe hard part is maintaining interest in your studies, as some segments of the qualifications can be very dull.\n\nThere are many different types of accountancy work.  Management accounting, financial accounting, bursarial work, advisory, forensic, audit.... the list goes on.  \n\nIt is a good career path, and if you take a good combination course, with a management element you may well be able to move into other work.  Most senior officers in local government and Chief Executives started their careers in accountancy.\n\nIf you are seriously considering a post graduate course in accountancy the main options are:\n\nCIMA - Chartered Institute of Management Accountants - good generic course with strong management element, liked by business and local government.\nhttp://www.cimaglobal.com/cps/rde/xchg/live/root.xsl/index.htm\nCIPFA - Chartered Institute of Public Finance Accountants - again good management element, but predominantly for those wanting a career in local government.\nhttp://www.cipfa.org.uk/\nACCA - Association of Chartered Certified Accountants - generally preferred option for practice accountants\nhttp://uk.accaglobal.com/\n\nYou could enter the career by working for one of the 'big four', KPMG, PriceWaterhouseCoopers, Deloitte Touche Tohmatsu and Ernst&Young.  Or any number of other firms, or you could apply for a trainee post within local government.  You should expect to take three or four years to qualify, but the financial rewards are high.\n\nBefore you leap into the career wholeheartedly, why don't you try getting a Summer job in an accounts office, or ask local firms/councils for some work experience to give you an idea of what's involved.\n\nPersonally I drifted into finance by accident, I've spent 10 years advising non-financial managers on all aspects of financial rules and regulations and the customer facing aspects of the job gave me great satisfaction.  I've done some audit/forensic accounting, which is brilliant if you like problem solving and puzzles.  Now I'm using that experience in a general management position.\n\nGood luck, whatever you decide to do....just remember that there's more to life than work.  After all I'm 34 and I still don't know what I want to do when I grow up!!
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They are relatively similar in that company income is passed through to the owners. However, with an S-Corp an owner is expected to report a "reasonable salary" where a partnership doesn't have that requirement. \nTaxing requirements for different types:\nhttp://www.irs.gov/businesses/small/article/0,,id=98359,00.html\n\nYou will of course to talk to an accountant before you decide because states have different requirements after that. But Tax advantages and disadvantages are not the best differentiators when determining your business structure. An S-Corp offers more flexibility in the long run and other benefits on top of that. If you are wavering on the two you should look at LLC as well.