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.
Good communication skills are a must for all professionals, including Chartered Accountants. They need to possess strong communication skills in order to communicate complex technical information and financial data in an easy-to-understand manner and effectively communicate with team members, seniors, clients, etc.
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.