There are many professions out there in the world, one that requires you to be competent and smart, the other requires high social awareness and quick decision making. Which one would you choose? In this article, we will compare and contrast the two professions and see which one is right for you. One side of the scale has the chartered accountant while on the other side of the scale we have the court judge. Which one will win in this battle of accountant vs judge? Read on to find out!
What Do The Two Professions Have In Common?
At first glance, an accountant and a court judge don’t seem to have much in common. Yet if you dig deeper into both professions, there are some surprising similarities between them. For example, both professions require a bachelor’s degree, although many entry-level accountants come from a different field (like business or engineering) and need only to pass an exam in order to start work.
With judges, passing your bar exam is also required before you can start practicing; however, a law degree is often needed as well. Additionally, both accountants and judges are licensed through a regulatory board; however, with judges it’s usually by state rather than federal standards.
Regardless of whether you want to become an accountant or a court judge, focus on academics early on: always strive for A’s in college and aim for high LSAT scores during your law school admissions process. The legal field—especially when trying to become a federal judge—can be tough. But you can succeed with good grades, hard work, and dedication!
Why Become A Chartered Accountant?
Becoming a chartered accountant is not as simple as sitting down and passing exams. Achieving Chartered status means completing a series of examinations, often including exams in other areas of study such as economics, taxation and more. Chartered accountants have to complete over a dozen courses and log thousands of hours to qualify for their designation.
The exams are particularly challenging, with some candidates facing failure rates above 90 percent. It’s no wonder that becoming a chartered accountant is considered one of — if not the most — difficult way to become a financial professional .
After all that hard work, chartered accountants enjoy job security and can charge higher fees than their non-chartered peers. Chartered accountants also tend to be well paid: According to Payscale, they earn an average salary of $71,000.
So how do you get there? There are three main routes you can take: 1) Complete a bachelor’s degree at an accredited university; 2) Earn your master’s from an AACSB-accredited school; or 3) Enroll in the CA program offered by your employer or industry group . If you’re looking for flexibility and time freedom, going with option three is probably your best bet.
Becoming a Certified Public Accountant
Chartered accountants (CAs) are among India’s topmost professional, and they have a lot to offer to businesses: they help them keep their books of accounts in order and guide them on tax issues. Those who graduate from chartered accountancy courses have a wide range of career options.
They can be chartered accountants, cost and management accountants, financial analysts or corporate finance managers. However, before you take up CA as your profession, it is important that you understand its scope better.
If you want to know more about chartered accountancy careers, then read on: Chartered Accountant Vs Court Judge -Which is best? It covers various aspects of both these professions and helps you gain a clear idea. So, go ahead and check out today!
Structure of CA Course – In India, after successful completion of one-year full time course at an Institute recognized by ICAI / State Board for undertaking practice as an enrolled agent, one has to appear for Common Proficiency Test conducted by ICAI twice every year; July & December month. The Final Theory Examination is held in March/April every year after filing fees are paid . After clearing CT Exam student gets enrollment certificate from ICAI which enables him / her to practice as a Enrolled Agent subject to fulfilling other conditions stipulated under relevant laws.
What Will You Learn At Law School?
Most people think of lawyers as courtroom drama on TV, but what they don’t realize is that when lawyers are not on television, they’re at law school. Law school can be a daunting undertaking because there is so much to learn. Before you attend law school, it’s good to know exactly what you will be learning. The following outlines what students at an average American law school will learn during their three years of schooling.
It covers everything from ethics and taxation to business law and civil litigation. Once you understand these concepts, you should have a much better idea about whether or not law school is for you. One thing that most people get wrong about lawyer job listings is thinking that all lawyers do in courtrooms all day long.
What Does A Lawyer Do On The Job?
It’s easy to think of a lawyer as a courtroom bad guy. But while they may make headlines for what they do in court, lawyers actually spend most of their time doing other tasks. Lawyers spend more than 90 percent of their time on nonlitigation activities, like conducting legal research and drafting contracts, according to Paul Bergman and Sara Berman.
For example, only 5 percent of lawyers’ time is spent actually arguing cases in front of judges or juries. The rest is split between administrative work, such as managing office employees and maintaining files; interviewing clients; interacting with opposing counsel; communicating with courts, legislatures and administrative agencies; etc.
Many students who are majoring in law school take it because they want to help people through civic-minded avenues that don’t involve taking on cases and spending big bucks—but instead get paid handsomely by big businesses and corporations.
This doesn’t mean that pursuing a law degree isn’t still worth it if you want to help people. Rather, it shows that there are many different types of lawyers out there, each of whom plays an important role in society—and getting paid well (for at least some parts of your job) is just one part of that. In addition to civil laws (which governs citizens), criminal laws (which deals with breaches against society) also exist.
How Much Do They Earn?
An accountant’s salary ranges from $39,000 to $80,000 on average, depending on factors like experience and seniority. Meanwhile, a court judge makes approximately $150,000 per year. So if you’re set on a career in law and can stomach working extra hours for minimal pay in your early years—which is still less than an accountant makes—this may be a good option for you.
(And hey, it beats having to face down unruly clients or debtors.) But if you’re more interested in financial independence with opportunities for upward mobility or variety at work, stick with accountancy. Although there are some aspects of the job that some find tedious, becoming an accountant provides ample opportunity to specialize in specific industries or even industries within industries.
And while plenty of lawyers are happy with their jobs, they often spend long hours away from home. One major perk of becoming an accountant: Many people say they find great satisfaction in helping others navigate complex tax laws or implementing financial plans that help others accomplish their goals.
Quick Comparison Between An Attorney And An CPA
While both attorneys and CPAs are licensed to practice law, there are several differences between these professions. Attorneys work in offices and maintain client relationships, which allows them to bill for their time on a per-hour basis.
On average, attorneys earn $90K annually ($1,600/hour), although income differs depending on location and experience level. By contrast, CPAs work for accounting firms or corporations, so they don’t typically bill clients per hour; instead, they charge a flat fee for each project. For example, a tax return might cost an individual $200 while an international corporation will pay tens of thousands of dollars for an audit.
In some cases, CPAs make significantly more than attorneys—the average annual salary is roughly $92K ($1,700/hour). But just because one profession earns more than another doesn’t mean it’s necessarily better suited for you. If your passion is helping others through trial advocacy—not crunching numbers—then being an attorney makes sense.
If you enjoy working with your hands (and other materials) and not just with people then CPA could be right for you. Some lawyers even take continuing education courses to become certified public accountants (CPA). It all comes down to finding a career that fits your strengths and passions.
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