#CareerBytes: Want to become a successful CA? Master these skills

A Chartered Accountant is typically involved in budgeting, accounting, maintaining cash flows, and preparing income statements.

So, in order to be successful, CA professionals should know how investments are recorded and possess a strong understanding of other relevant concepts, practices, and methodologies.

Nowadays, there are a number of online courses in accounting that help in learning about maintaining records, preparing financial statements, and factsheets.

For CA professionals, mastering Microsoft Excel spreadsheet software is necessary. Apart from regular usage, they should know how to use Excel for analytics.

They should also have knowledge of other Microsoft tools that can be used for formulas, calculating taxes, etc.

Also, CAs should keep themselves in touch with and adopt the latest technologies relevant to their profession to be successful.

CAs need to study analytics and investments for businesses which include quantitative analysis, statistics, and data processing.

They are required to possess strong analytical skills to achieve success. CAs deal with numbers a lot and it is crucial for them to have the ability to analyze them properly make decisions based on those numbers. Calculations and analysis of data are also key to budgeting.

CAs are also required to have excellent commercial awareness to become successful. Being commercially aware is important as it helps them in having a good understanding of the business environment in which they or their clients are operating, industry trends, competition, and associated issues.

Commercial awareness is also necessary for budget mapping as well as forecasting financial markets according to the changing environment.