It is significant to know all the differences between a CS Executive and a CA. This will help in choosing the right path for a building a better future.Both Company Secretary and Chartered Accountant certifications are the designations for the International Accounting professionals. The CAs tend to get specialization in the non-US GAAP and are found to perform auditing and high-level accounting functions in the CA Firms while a CS Executive gets the specialization in corporate compliance and corporate law activities for the bigger firms. Let’s discuss about the major differences between the two.
What is CA?
Chartered Accountant or in short CA is defined as the international accounting credential, which one earns by following the CA course properly and by qualifying the examination conducted by the Institute of Chartered Accountancy in India. The CAs are the accounting experts and perform all the accounting functions of an organization.
What is CS?
A company secretary or CS holds the managerial position within an organization. It is not the administrative support position that is commonly associated with the position of a secretary. In fact, some of the Company Secretaries have done MBAs as well. A CS Executive ensures that the organization in which he or she is associated with and the directors follow the law.
CS versus CA Career Path Differences:-
The Chartered Accountants provide accounting services for the clients in either the private or public sector. The areas of expertise and study indulge taxation, auditing, business or managerial accounting, and financial reporting.
The Company Secretary acts as the main source of communication between the organization and its shareholders. In some states, the CSs perform a few accounting functions like managing the accounting records of the company including payroll management, insurance, investments, taxation, etc.
CA versus CS Time Requirement Differences:-
The time span needed to become a CA by profession depends on the country where one prefers to work. It also depends on the professional experience and the current education of the CA. For example, the ICAS has 4 pathways. On an average, it takes almost five years to complete the entire course that is all the three levels since most of the students allot approximately three-hundred hours for preparing each level.
It takes lesser time period to completely become a CS by profession as compared to CA. In India, the process takes around three years. The candidates must qualify all the three levels of examination that is the foundation, intermediate and the final level as per the rule of the ICSI.
Which is Better, CS or CA as a Career Option?
While there can be some overlap in the duties, both the professionals are different. The CAs mainly focus on the accounting functions. While the CSs may be involved with the accounting and reporting tasks. Their primary duties include corporate compliance and liaising with the stockholders.
If one desires to get employed in a private firm and specialize in the international standards and auditing then he or she must pursue the CA option. If one desires to work in corporate compliance, then he or she must opt for the CS. Choose accordingly and then register your name in the directory of the coaching institute that is known for Top CA Foundation in Kolkata.