There exists a wide scope for Chartered Accountants to work in the field of finance. Finance is a backbone for every business and it is a term which always been a center of attraction of businessmen. The education about CA is provided by ICAI (Institute of Chartered Accountant of India), is the country's premier accounting body that produce CAs and regulates the functioning of the profession Chartered Accountancy was introduced in India as a professional course in 1949 The headquarters of the institute are in New Delhi and has five regional councils .

Yet, till now the contribution of CAs in the field has not been as widespread as it should have been. Finance is typically a junction who involves utilization of funds to achieve broad objective of profitability and liquidity therefore it involves analysis and interpretation and then arranging the borrowings and investments. In recent years, the trend is towards shifting from high cost loan to low cost loans. It was noticed that corporate have shown better results with high profitability and liquidity.

Finance has become a different subject from others and it is a specialized subject which crossed its limits to boundaries.

Finance is a single term but it has a wide scope. For better understanding the meaning of finance we have to categorize into three broad heads. These broad heads are following:

• Industrial Finance
• Personal Finance
• Public finance

INDUSTRIAL FINANCE

• CAs can play an important role in the area of project report preparation. The activity requires specialized knowledge of various RBI circulars applicable to particular type of loan.
• In an organization various type of subsidies are used. In this CA can help organization by preparing all important documents and fulfilling all essential conditions.
• The role of CA is increasing with the introduction of tax planning for the purpose of saving tax in legal way.
• The role of CA in organization to arrange borrowings and investments, of the B/S (Balance Sheet) items like assets and liabilities are popular in various deals. For example- for purchasing shares and debentures, letter of credit (LC), in international dealings bank guarantee (BG) is asked from  a letter of a contract for leasing of equipments to avoid any massive outgo for acquisition. There functions are very much in line with the emerging role of chartered accountants, which help in enabling the transactions rather than just auditing the same after it has taken place.
• The role of CA is increasing with the introduction of innovative financial instruments in the capital market and money market.

PERSONAL FINANCE

• Credit Card Selection: The CA can helps clients in selection of appropriate credit card. Different companies and financial institutions are into business offering many diverse facilities.  CAs helps clients to show there correct income in the return. CAs can play a broad role to ensure better tax compliance in the nation in general and for direct benefit to our clients in particular.
• Fixed/floating interest rate: In personal finance category, house loan is very common feature; the CA can suggest the suitable plans for the house loans based on funds flow and cash flow position.
• Investment Product: In India saving rate is above than 20%. At the same time inflation is also an issue. ACA can suggest better plans for invest in particular companies which maximizing profits of businessmen. CA helps in the Portfolio management of the clients.

PUBLIC FINANCE

Public finance has not provided so much wide area but in future it will became a very important part of corporate world. The scope and ramification can be gauged from the fat that the Central Budget involves more than Rs. 5 lakh crore and which is not audited by highly qualified professionals. These professionals find the silly mistakes in public finance like fiscal deficit, monetary deficit, Vat etc. These experts are called CA.

Therefore the work of CA is full of responsibilities and the person who have confidence and who is able to carry responsibilities can get a job in the field of finance i.e. CA.

The CA course is a unique blend of compulsory theoretical education and practical training. The professional education course is divided into two parts: Professional education course -1(PE-1) and Professional Education-2(PE-2). Registration for PE course is opened is throughout the year. Examinations are held twice a year in May and November respectively. A student must register at least ten months before examinations.

PE-1 is of Ten months duration. Candidates are required to pass PE-1 with in five consecutive attempts. For eligibility the candidate must have appeared in Plus Two (10+2) or equivalent examination.

PE-2 is also of ten months duration. It consists of two groups. Eligibility for PE-2 is graduation plus PE-1, satisfying the following conditions- Graduation in Commerce with Accountancy, Auditing, Mercantile Law or Commercial Law as full papers with a minimum of 50% marks. Non- Commerce graduates should have mathematics as one of the subjects. For non- commerce graduates with subjects other than Mathematics, a minimum 55% marks and clearance of ICWAI and ICSF exams is a must.

Students are required to pass within five consecutive attempts. PE-2 is compulsory whether a student comes through PE-1 stream or is exempted from PE-1 requirements after passing the PE-2, candidates are eligible for registration for clerks for practical training and for admission to the final course of CA. The period of practical training is of 3 years. Before commencement of practical training at least 250 hours of computer training. The final CA consists of two groups.

Candidates who have qualified the Institute's CA final examination practical training and a programme on General Management and Communication skills or any other, as prescribed from time to time are deemed to be the members of the institute. A member is required to obtain a certificate of practice from the institute if he is desirous of practicing as a chartered accountant. These are replaced to another any reputed and dynamic organizations or can set up their independent practice. The pay of CA is ranging from Rs. 25000 to 60000 per month or even above.