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Qualities of a chartered accountant

shiva (shankar.ican@gmail.com) (355 Points)

03 July 2012

What all qualities should a chartered accountant should have?

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3 Replies

Sanket (!..Live to Give..!) (16427 Points)
Replied 03 July 2012

The most important quality of any chartered accountant is integrity. As someone who will have access to the financial statements and documents of various companies, you have to be honest and accountable.

Because the job is one where you work under pressure, you need to be organised and must be able to plan well. The ability to multi-task is also crucial.

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Tehsinkhan Pathan (CA CMA DISA(ICAI) B.COM) (3956 Points)
Replied 03 July 2012

Trustworthiness - Can you trust your accountant? WHat credentials has he/she got? Has your accountant been considered notable? If you can trust him/her, then you’re in luck.
Analytical Capacity – Your accountant needs to avoid stating the obvious, because even you can spot it. He/She must be analytical enough to see trends and perhaps patterns in your financial record to provide you the best benefit or to guide you towards an individual who provides amiable advice.
Open-mindedness – Your accountant needs to have the enthusiasm that comes with optimism. It can make a huge difference how you view your own finances, whether through fear and pessimism or through positive behaviour and optimism.
Creative - Your accountant needs to be creative, have an ample supply of ideas and strategies to give you the best possible results, or to steer you away from potential fiscal hazards.
Mathematics Capable – If your accountant can’t do math, then fire him/her. Period.
Ability to Work with Diverse People — Your accountant needs to be a team player, needs to be very flexible with people and must accommodate himself to build better client relations.
Competency – Your accountant needs to have the capacity for competence, of people, of you, and your finances and must have the skills to reach the top through his competence.
Orally Expressive — I believe your accountant needs to be able to express himself/herself. Because he/she deals with a lot of people, he/she must be albeit o express himself/herself. An accountant who can never find the words is probably not good, regardless of his/her math skills.
Quality Work — Since you’re probably paying a lot for an accountant, be wise that your accountant puts in as much effort as possible into every task to attain the best possible result.
Professionalism — Your accountant must avoid flirtatious, unprofessional and unexpected behaviour. He/she must act like they are the owner of that company and approach you as a significant investor.
Assertive — He/she must be able to not only speak, but to do, and to reinforce.
Time Management — If he can’t fit you in, or is always late, he’s probably late with his accountant statements as well.
Understanding the Job – The accountant should not approach you as though he/she is all-knowing, that he will be able to consult with others in order to provide you with ample opportunity to make the best of your finances.
Listening Skills – Your accountant needs to be abel to listen to others, mustn’t be too chatty, and to follow your requests to the letter. He must be respectful as well.

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Rohan Deshmukh (Tax analyst) (638 Points)
Replied 24 May 2020

Ongoing era is the time where CA- Chartered Accountants are the most distinguished and well-known professionals in our society. But in order to become successful in any field only degree is not sufficient, you also require some genuine skills, qualities and ethics to achieve your position. Becoming Chartered Accountant combines education with various practical skills and qualities.

Here are some skills/qualities mentioned below that will help you and also build up your mind as a professional-

1. SELF CONFIDENCE: Self Confidence is most important as it helps you boost yourself in times of difficulty, as faith in one-self is enough to face any difficulty. The basic principle is to always accept yourself first because you are the only one who knowns your every weaknesses and strengths. As a CA student always recognize and emphasize your strengths, but also face your weaknesses.

"Your success will be determined by your own confidence and fortitude." - Michelle Obama.

2. TIME MANAGEMENT SKILLS: It is basically process of planning and organizing how to divide time between various activities. For students pursuing professional careers must know how to manage time effectively. CA students have a huge amount of syllabus but on other hand there is limited time period to cover all syllabus, so to cover each and every topic on time students need to manage their time effectively and efficiently.

3. SUPER MEMORY: Memorizing each and every topic can be difficult, but it can be even more frustrating when you having huge amount of syllabus. Students can also take the help of memory tricks so to expand their memory. There are various techniques of memorizing which student can opt i.e. use of visuals, write it over and over again, concentration, memory tricks, summarization.

4. PRESENTATION SKILLS: As we known first impression is the last impression, so students must know how to make their answer sheets more presentable. You should be able to present your answer effectively in the examination because that is the only form of communication between you and your examiner. Various presentation skills include: use of diagrams/graphs/charts etc., bold handwriting for headings etc.

5.REVISING SKILLS: If student is able to cover syllabus on time then he is having enough time for revision. if you want to revise each and everything properly then prepare notes of important topics after your study and carry that notes till your final revision is done. Try to revise most difficult topics first then go ahead for average level topics.

6. INTEREST IN STUDIES: This is one of most important quality that every CA student should possess. Interest in studies doesn't mean that you have to always be in front of books. It basically means that you should always be connected to learning. Always remember one thing "Do not give up, the beginning is always the hardest.”

7. COMMUNICATION SKILLS: These skills are also very important for students pursuing professional careers, he/she should be a good communicator because without communication no one is able to express their thoughts to anyone. Always have "I CAN AND I WILL DO IT" attitude in your life.

Best of luck for your future!