Economists believe that for a prudent business, it is necessary to solve all the financial issues well in advance. Thus, if you have a company that is prospering day by day and you wish to ensure that all the financial decision you take aim at earning more profits, then it is always advisable to hire a Qualified Chartered Accountant.

A Chartered Accountant is an expert who helps you audit your finances and solve financial issues. They can be the best resource for companies seeking tax filings, audit and ledger assistance. A Qualified Chartered Accountant helps streamline time and resources towards a congruent goal.

Role Of Chartered Accountant: Ensuring Great Turnover for Business Owners
Due to rapid globalization, the role of Chartered Accountant has remarkably evolved. Today, a Charted Accountant works on multi-faceted financial aspects of a business including but not limited to:

  • Setting up an effective accounting system based on the requirement of the company
  • Carefully examining and reviewing accounts to create intermediary solutions
  • Reviewing accounts and implementing need based financial solution
  • Efficiently drafting annual budgets and accounting reports
  • Dealing with investment projects and budgeting needs

In addition to these responsibilities, a Chartered Accountant is supposed to take care of:

  • Tax Accounting: From day-to-day VAT to several share schemes, tax plays an important role in the financial system of a business. To help you file your taxes on time, a Qualified Chartered Accountant prepares corporate and personal Income Tax Statements and formulates Tax Strategies including issues of financial decisions such as Mergers and Acquisitions, Deferral of Taxes etc.
  • Management Accounting: A Chartered Accountant plays an important role in deciding the capital budget by conducting cost analysis, analysis of new contracts and participating in expense control. In simpler terms, Management Accounting involves studying the expense of the business, cost control methods etc.
  • Financial Accounting: Financial accounting deals with the preparation of financial statement for the basic purpose of auditing, planning and forecasting long term financial needs.
  • Budget Analysis: As budget analyst, a Chartered Accountant deals in developing and managing an organization’s financial decision. Budgeting helps in streamlining the expenditure.

Based in Delhi, Prakash K Prakash, is a Chartered Accountants firm registered under Rules 190 of Chartered Accountant Act, 1949. With high ethical values and a team of dedicated and qualified professionals to take care of all the auditing needs, Prakash K Prakash believes in delivering only high end results.