Professional Opportunities For C As Mar09 Linkedin

Professional Opportunities forChartered AccountantsProfessional Opportunities forChartered Accountants

CA Vinit V Deo CA Vinit V Deo

l Vice Chairman l Pune Branch of WIRC of ICAI

OutlineOutline

Aspirations

Opportunities

New Areas

Aspirations

Opportunities

New Areas

AspirationsAspirations

Old SayingOld Saying

Those who can; Do

Those who can’t; Teach

Those who can’t teach: Administer

Those who can; Do

Those who can’t; Teach

Those who can’t teach: Administer

Know YourselfKnow Yourself

OpportunitiesOpportunities

AuditAudit

Traditional AreasTraditional Areas Statutory Internal Management Bank

Statutory Internal Management Bank

New AreasNew Areas Risk Assessment Operational Audit Cost Savings Legal & Secretarial Environmental Audit ISO / Quality Systems Due Diligence

Risk Assessment Operational Audit Cost Savings Legal & Secretarial Environmental Audit ISO / Quality Systems Due Diligence

Fraud & Forensic AuditFraud & Forensic Audit

Risk Management practices Setting Control Systems Forensic Audit IT Systems assessment Background Checks Third Party verification Data Analysis

Risk Management practices Setting Control Systems Forensic Audit IT Systems assessment Background Checks Third Party verification Data Analysis

TaxationTaxation

Traditional AreasTraditional Areas Tax Planning Return Filing Assessments Litigation

Tax Planning Return Filing Assessments Litigation

New AreasNew Areas International Taxation Transfer Pricing Structuring Agreements

International Taxation Transfer Pricing Structuring Agreements

Litigation ServicesLitigation Services

Income Tax Appellate Tribunal National Company Law Tribunal Competition Commission Excise & Customs Tribunals Service Tax Tribunal Arbitration & Conciliation

Income Tax Appellate Tribunal National Company Law Tribunal Competition Commission Excise & Customs Tribunals Service Tax Tribunal Arbitration & Conciliation

Information TechnologyInformation Technology

Enterprise Resources Planning Product Development Testing Deployment Training Support

Enterprise Resources Planning Product Development Testing Deployment Training Support

Information TechnologyERP

Information TechnologyERP

With sound financial domain knowledge, good analytical skills, logical thinking and process understanding, a CA would be able to ideally plug into this position as an ERP Consultant.

Types of Services provided by CA’s

Pre ERP implementation Business Process Reengineering exercise

ERP Readiness assessment Strategy setting and roadmap Product selection & Implementor Master Data Migration Organisation Structure Definition etc.

With sound financial domain knowledge, good analytical skills, logical thinking and process understanding, a CA would be able to ideally plug into this position as an ERP Consultant.

Types of Services provided by CA’s

Pre ERP implementation Business Process Reengineering exercise

ERP Readiness assessment Strategy setting and roadmap Product selection & Implementor Master Data Migration Organisation Structure Definition etc.

Focus on SMEs

BPO / KPOBPO / KPO

The work to be performed in the KPO industry is of a specialised nature. CA’s with considerable exposure to trade & industry together with accounting & auditing hold an advantage over professionals from different backgrounds.

Types of KPO Services provided by CA’s

1. Business & Technical Analysis2. Legal Services3. Assets Record keeping & verification4. Taxation Consultancy5. Data Analytics6. Research & Development

The work to be performed in the KPO industry is of a specialised nature. CA’s with considerable exposure to trade & industry together with accounting & auditing hold an advantage over professionals from different backgrounds.

Types of KPO Services provided by CA’s

1. Business & Technical Analysis2. Legal Services3. Assets Record keeping & verification4. Taxation Consultancy5. Data Analytics6. Research & Development

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BPO sector growthBPO sector growth

NASSCOM estimates that BPO sector will grow from $ 11 billion (2008) to $ 30 billion in 2012.

Indian BPOs employs 750,000 people, about 35% of world-wide BPO employment.

Finance and Accounting (FAO) is a fast growing sector within BPO landscape

NASSCOM estimates that BPO sector will grow from $ 11 billion (2008) to $ 30 billion in 2012.

Indian BPOs employs 750,000 people, about 35% of world-wide BPO employment.

Finance and Accounting (FAO) is a fast growing sector within BPO landscape

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Opportunities for CAsOpportunities for CAs

Entry level Process associate Team member Analysts

Middle management Team leaders Consultants

Senior management COO/ CFO/ CEO level Other functions such as marketing, business

development Entrepreneurs

Domestic companies Tapping the potential for growth by setting up own

companies/ networking with other entrepreneurs

Entry level Process associate Team member Analysts

Middle management Team leaders Consultants

Senior management COO/ CFO/ CEO level Other functions such as marketing, business

development Entrepreneurs

Domestic companies Tapping the potential for growth by setting up own

companies/ networking with other entrepreneurs

Management ConsultingManagement Consulting

Strategic Planning Financial Management Cost Control & Reduction Performance Improvement Cash Flow Planning Management Reporting

Strategic Planning Financial Management Cost Control & Reduction Performance Improvement Cash Flow Planning Management Reporting

Emerging AreasEmerging Areas

MediaMedia

Research Writer / Editor Reporting Analysis Special Features / Domains

Research Writer / Editor Reporting Analysis Special Features / Domains

Deepa VenkatraghvanDeepa VenkatraghvanPersonal Finance Editor – Web18 (the internet arm of the CNBC TV 18 group)Personal Finance Editor – Web18 (the internet arm of the CNBC TV 18 group)

CA Deepa VenkatraghavanCA Deepa Venkatraghavan

Pursuing CA, was not something Deepa hadplanned to do. When she chose the commerceline post class X, she had wanted to pursue her MBA. However, on the insistence of her dad, she enrolled for CA. But by the time she completed her CA, she realised that her true calling was elsewhere.

She had a flair for writing and throughout school and college had had her articles published in local newspapers. But it was not possible to change course, having spent 3 years putting in so much hard work to become a CA.

So she decided to blend her qualification and her ability to write to become a financialwriter. She was lucky to get her first break with the Economic Times in Mumbai and afterworking there for 2 years she moved to the medium of the future – Web news.

Pursuing CA, was not something Deepa hadplanned to do. When she chose the commerceline post class X, she had wanted to pursue her MBA. However, on the insistence of her dad, she enrolled for CA. But by the time she completed her CA, she realised that her true calling was elsewhere.

She had a flair for writing and throughout school and college had had her articles published in local newspapers. But it was not possible to change course, having spent 3 years putting in so much hard work to become a CA.

So she decided to blend her qualification and her ability to write to become a financialwriter. She was lucky to get her first break with the Economic Times in Mumbai and afterworking there for 2 years she moved to the medium of the future – Web news.

Profiles held so farProfiles held so far

Wrote weekly columns on personal finance and finance for women in the Economic Times

Contributed to Investor Year Books brought out by the Times group from 2003 to 2005

Conceptualised the personal finance section, Wealth, on moneycontrol.com

Is responsible for content and traffic on wealth section; including liasing with sales and marketing for special properties

Powers research for the personal finance show on CNBC Awaaz, The Gaurika Chaudhary Show and on CNN IBN, All about the Money.

Wrote weekly columns on personal finance and finance for women in the Economic Times

Contributed to Investor Year Books brought out by the Times group from 2003 to 2005

Conceptualised the personal finance section, Wealth, on moneycontrol.com

Is responsible for content and traffic on wealth section; including liasing with sales and marketing for special properties

Powers research for the personal finance show on CNBC Awaaz, The Gaurika Chaudhary Show and on CNN IBN, All about the Money.

Career HighlightCareer Highlight

Has written two books on personal finance:- What your financial agent will tell you and why you shouldn’t listen- Everything you wanted to know about investing in difficult times

Has written two books on personal finance:- What your financial agent will tell you and why you shouldn’t listen- Everything you wanted to know about investing in difficult times

Career opportunities for CAs in the media

Career opportunities for CAs in the media

As CAs, we have a cutting edge simply because of our solid basics of concepts. Here is what CAs can do in the media:

Research analyst/ reporter in business newspapers and websites: Writing skills are important

Research analyst/ reporter in business television channels: Speaking skills are important

In both cases, a reporter is given a specific beat to handle, such as banking or pharma or IT or cement etc. In my case it was personal finance. The reporter is required to build contacts in that sector and break news and provide analysis on the impact of the news on various sections of news watchers.

As CAs, we have a cutting edge simply because of our solid basics of concepts. Here is what CAs can do in the media:

Research analyst/ reporter in business newspapers and websites: Writing skills are important

Research analyst/ reporter in business television channels: Speaking skills are important

In both cases, a reporter is given a specific beat to handle, such as banking or pharma or IT or cement etc. In my case it was personal finance. The reporter is required to build contacts in that sector and break news and provide analysis on the impact of the news on various sections of news watchers.

Challenges for CAsChallenges for CAs

Need to develop basic skill sets Need to be extremely creative and

on your toes: Media is full of young people and we need to keep up with them

Should be willing to explore new roles and learn new things; for instance my profile needs me to understand web interface and web technology

Need to develop basic skill sets Need to be extremely creative and

on your toes: Media is full of young people and we need to keep up with them

Should be willing to explore new roles and learn new things; for instance my profile needs me to understand web interface and web technology

InsuranceInsurance

Insurance business is offering exciting new opportunities to the CA’s. The emerging sector has thrown open challenging jobs for the Chartered Accountants in the Finance, Risk Management, Planning and Operations functions in Insurance Companies.

Types of Services provided by CA’s

Product Designing Risk Assessment of operational concerns Creating an audit framework Compliance with regulations & legal requirement. Loss Assessment Insurance Broking

Insurance business is offering exciting new opportunities to the CA’s. The emerging sector has thrown open challenging jobs for the Chartered Accountants in the Finance, Risk Management, Planning and Operations functions in Insurance Companies.

Types of Services provided by CA’s

Product Designing Risk Assessment of operational concerns Creating an audit framework Compliance with regulations & legal requirement. Loss Assessment Insurance Broking

Investment AdvisoryInvestment Advisory

Financial Planner Stock Broking Insurance Broking Mutual Fund Distribution

Financial Planner Stock Broking Insurance Broking Mutual Fund Distribution

Venture CapitalVenture Capital

Investment Advisor Analyst Due Diligence Domain Expert

Investment Advisor Analyst Due Diligence Domain Expert

Corporate RestructuringCorporate Restructuring

Corporate Structuring Due Diligence Valuation Tax Planning Project Management

Corporate Structuring Due Diligence Valuation Tax Planning Project Management

Asset Restructuring Cos.Asset Restructuring Cos.

NPAs and bankruptcies are a huge problem globally

NPA Audit Distressed Assets identification Revival Plans and Schemes Performance Monitoring Securitisation & Debt Restructing

Acts

NPAs and bankruptcies are a huge problem globally

NPA Audit Distressed Assets identification Revival Plans and Schemes Performance Monitoring Securitisation & Debt Restructing

Acts

Investment BankingInvestment Banking

Fund Raising Preparation of Documents like

Prospectus, Financial Model etc Mergers & Acquisitions Due Diligence Legal & Secretarial Valuation

Fund Raising Preparation of Documents like

Prospectus, Financial Model etc Mergers & Acquisitions Due Diligence Legal & Secretarial Valuation

BankingBanking

Retail Banking Client Relations Accounting Audit Risk Management IT Systems Training

Retail Banking Client Relations Accounting Audit Risk Management IT Systems Training

Financial ServicesFinancial Services

Mutual Funds Stock Broking NBFCs Insurance Broking

Mutual Funds Stock Broking NBFCs Insurance Broking

NGOsNGOs

Charities are getting professionalized due to significant Corporate donations

Financial Planning Spending Audit Effectiveness Audit Funds Management

Charities are getting professionalized due to significant Corporate donations

Financial Planning Spending Audit Effectiveness Audit Funds Management

Environmental ConsultingEnvironmental Consulting

Environment is a key issue on the agenda of the Government as well as Private Sector

Environment Audit Sustainability Reporting Carbon Credits Subsidies & Grants Project Accounting & Control

Environment is a key issue on the agenda of the Government as well as Private Sector

Environment Audit Sustainability Reporting Carbon Credits Subsidies & Grants Project Accounting & Control

Foreign TradeForeign Trade

Transaction Structuring Financing Logistics & Documentation Trade Remedies (Anti-Dumping etc) Government Liasoning Commercial Arbitration SEZ / EOUs

Transaction Structuring Financing Logistics & Documentation Trade Remedies (Anti-Dumping etc) Government Liasoning Commercial Arbitration SEZ / EOUs

GovernmentGovernment

Indian Revenue Service Indian Administrative Service CAG Office “Navratna” PSU Units Consultants PPP Projects

Indian Revenue Service Indian Administrative Service CAG Office “Navratna” PSU Units Consultants PPP Projects

TrainingTraining

Corporate Training Coaching Classes MBA Institutes Universities / Colleges Training Material Web Based training

Corporate Training Coaching Classes MBA Institutes Universities / Colleges Training Material Web Based training

Thank YouThank You

+91 98220 88313

vinit@dkvassociates.com

+91 98220 88313

vinit@dkvassociates.com