Learning plays an inevitable role in the personal and professional growth of an individual. Only those who adopt change as a constant criterion for their development stay longer in the business. Considering the professional aspect, to remain the best choice of your clients in this throat-cutting business world, learning and perfecting oneself with the latest technology and knowledge is necessary. These activities increases your productivity and make you a better alternative for business compared to others.
Owing to the context, being a chartered accountant, you’re already a master of taxation, audits, financial regulations and other related domains. But, to emerge as a better prospect for customers in this constantly evolving knowledge-based industry, you have to be adept with advanced learning and certifications.
Talking about latest trends for financing for CAs, financial modelling has gained a lot of popularity in the CA community. And the renowned CA’s have deemed it necessary for all the established and practising CA’s to increase their proficiency in financial modelling.
The scope of financial modelling for CA’s?
A CA firm is well versed in national, international and company secretarial clauses and can provide exceptional services in these domains. But, with time and introduction of new tax policies by the government, the clients will need additional services. And not having a team to provide the talked-about financial modelling services may lead to losing the client. Therefore, no matter what it costs, every CA firm should have an in-house team who can handle financial modelling assignments for the clients.
Here are a few things can do:
Also Read : Reasons Why Chartered Accountants Should Learn Financial Modelling
Bottom line: To stay in the business for longer, it’s important to be updated and be efficient to provide value with your work. The end goal is to be the top choice for every prospective client and to achieve that position, every CA needs to adopt the necessary changes and leverage them in the best possible way.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.