Thursday 11 January 2018
Importance of a Chartered Accountant in an organization.
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.
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.
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