A Chartered Accountant is useful for growing the economy of the country. With deep knowledge in the stock market, law matters and finance taxation every chartered accountant has knowledge different from each other. It is a designation given to an accounting professional who has received certification from a statutory body that he/she is qualified to take care of the matters related accounting and taxation of a business, like file tax returns, audit financial statements and business practices, maintaining records of investments, preparing and reviewing financial reports and documents.
Auditing
Possibly one of the most important functions of a Chartered Accountant, it is here that his specialized training, skill and judgment are most often called into play. The purpose of auditing is to satisfy the users of financial statements that the accounts presented to them are drawn up on correct accounting principles and that they represent a true and fair view of the state of affairs of the organization.
Taxation
With a number of taxes on the statute book, current and continuing tax information has become vital to the effective economics of business management. The assessment of taxes is very closely linked with financial accounts. A Chartered Accountant in Noida with his experience in accounts is in an advantageous position for preparing the returns for tax purposes, representing assesses before the Income-Tax authorities and rendering general advice on taxes to his clients.
An additional responsibility placed on him recently is that his services will be required by the tax department for auditing complicated cases, having large revenue potential. The requirement under the Income-Tax law for compulsory maintenance of accounts by the specified categories of taxpayers would also make a demand on his time and services.
Cost Accountancy
A Chartered Accountant is also trained to ascertain the costs of production and of processes at different levels of operations in the manufacture of a product and in the rendering of a service. He is also equipped to provide costing information for the guidance of management, introduce cost control methods and assist the management in establishing appropriate selling prices.
Special Company Work
The services of Chartered Accountants are frequently sought in connection with matters such as the formation, financial structure and liquidation of limited companies. Secretarial and Registration work and the duties of a Receiver are also undertaken by them, in addition to other company work.
Investigation
Chartered Accountant in Noida is often called upon to carry out investigation to ascertain the financial position of business in connection with matters such as a new issue of share capital, the purchase or sale or financing of a business, reconstruction and amalgamations. Their services are also sought for undertaking investigations with a view to achieving greater efficiency in management or administration, finding out reasons for increases or decreases in profits etc.
Executors and Trustees
A Chartered Accountant is also often appointed executor under a will or trust in order to carry on the administration of the estate or settlements.
Range of Services offered by a Chartered Accountant
Corporate Law Consultancy
Income Tax Consultancy
Advice on Formulation of Business Strategy
Investment Advisor
Formation of Companies
Audit of Accounts.
Investigation of Frauds.
Financial Services
Computer Hardware &Software Selection
Advice on Joint Venture and Foreign Collabration
Advice & Guidance on Excise
Representation before various Authorities
Advice on preparing Budgets and Projections.
Management Consultancy
Sales Tax Consultancy
