When we hear of the ‘chartered accountant‘, we often think about the prestigious title that every accountant aspires to have. However, the path to earning the title as a chartered accountant (CA) is never an easy route, nor for the faint of heart! It demands hard work.
Earning a bachelor’s degree and accounting certification requires a lot of effort, but overcoming the obstacle to receiving the CA title is indeed rewarding. Still, there are few misconceptions or myths that surround chartered accountancy. Here are a few of these myths and false assumptions:
1. Getting a CA title is extremely difficult.
If you are to obtain or join the ICAEW ACA qualification, you might have seen or heard how difficult the journey to CA is. CA often requires passing three levels of examination (with practical training) in three years. It might sound really tough at first, but CA requires students to apply theoretical and practical knowledge. It is true that it’s never easy, but it’s not as difficult as some would have imagined or assumed.
2. Chartered accountants often have a boring life.
The life of a chartered accountant is with challenges and new things to overcome in their field of work. Whether it’s in advisory, taxation or accounting, these challenges they face will allow them to improve their skill set. The life of a chartered accountant can teach you a thing or two about constantly striving for improvement and adventurous experience in many career fields!
3. CA is your path to quick fortune.
While it’s true that passing a chartered accountant course and certification will open more career opportunities, it is not a route for the quick-rich highway. Earning chartered accountancy will open a highway for plenty of high-paying jobs. However, everything still depends on yourself, and the company you want to work for is what counts. CA is about opening yourself for more opportunities to advance your accounting career!
If you are looking for more info about ICAEW modules, visit ICAEW Singapore.