The world is a global village where
small, medium and large businesses play a major role in bringing everything
together. For every business, it is crucial to keep finance under a strict
watch. They need to follow the different ways to keep the finance of their
organization well managed by validating it on regular intervals.
The Chartered Accountants are the
structural and functional unit which keeps an organization on track by creating
a financial report which is compared with the competitor’s record. It is
mandatory for every business to have a CA that provides them accounting and
reporting services. A CA plays a major role in a company, so if you are also a
CA aspirant, then read this article brought to you by the providers of CA Foundation Coaching in Delhi and
know the key roles played by a CA in a company.
·
Financial
analysis and advice
CAs are not just expected to
maintain financial records of a business. They also analyze the financial data
like an income statement, balance sheet, etc. for various purposes. They
analyze and advice to see the top line and bottom line growth of a company.
·
Accounting
and auditing
A company which has a good growth
and there are shareholders, so it is very important for them to get their
accounts audited from a professional CA every year. Only a professional CA can
help you with these audits, as this involves a lot of numbers crunching and
tactics.
·
Taxations
Filing tax returns is very
important for every business, no matter it is a mid or a large sized company. Businesses
have to file tax returns annually or quarterly to ensure the smooth running of
their business. The chairman and other board members should not have any tax
liability.
Source: https://cainstituteinlaxminagar.wordpress.com/2018/01/11/importance-of-a-chartered-accountant-in-an-organization/