Essay on The Three Main Accounting Professions

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This report is on the three main accounting professions. I will be talking about CA, CGA and CMA and what they do for a living. These three accounting professions may seem the same but I will be explaining how they are different. I will discuss all of these details in my report. I’ll start off talking about the roles and duties of these three accounting professions. A Chartered Accountant’s role or purpose is “providing professional advice, aiming to maximise profitability on behalf of their client or employer and undertaking financial audits”1. A Chartered Accountant has many things to do for a living. They have to review the company systems and analyze the risks involved, perform tests to check financial information, advise…show more content…
This report is on the three main accounting professions. I will be talking about CA, CGA and CMA and what they do for a living. These three accounting professions may seem the same but I will be explaining how they are different. I will discuss all of these details in my report. I’ll start off talking about the roles and duties of these three accounting professions. A Chartered Accountant’s role or purpose is “providing professional advice, aiming to maximise profitability on behalf of their client or employer and undertaking financial audits”1. A Chartered Accountant has many things to do for a living. They have to review the company systems and analyze the risks involved, perform tests to check financial information, advise clients on business transactions and maintaining and preparing accounting records for businesses 2. They also help with “financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, and accounting systems and processes”2. A Certified General Accountant role is to be “responsible for ensuring the effective operation of accounting and financial activities within public sector organisations”3. Although a Certified General Accountant has a lot of responsibilities, they also have many duties. They have to develop and manage financial management systems and policies, make financial decisions and prepare and monitor budgets and accounts, prepare reports on annual accounts and budget
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