Page 100 - Quick Insights Book 2022

Financial Arrangements & Fund Planning through various sources 28

Right from the moment someone thinks of a business idea, he
thinks of finance. For any business, finding a suitable funding
model is vitally important. A business needs to assess the
different types of finance based on the requirements.
Therefore, there are wide opportunities for Chartered
Accountants in the field of finance. Chartered Accountants
are playing a leading role in the industrial development and
establishment of the projects and are considered as financial
advisors, who assist their clients in every field relating to
finance.
Some of the opportunities related to finance and fund planning
are as follows –

 Chartered Accountant can assist in selecting proper loan
type (such as Term loan, Working capital loan, Loans
against property, Unsecured lending and personal loan,
green field loan, gold loan, mutual fund loan, etc.) that
suits client requirements and criteria.
 Preparation and submission of loan application along with
desired documents to the bank or financial institutions.
 Analysing the purpose of loan, Security provided, credit
score, Income and employment history, Debt to income
ratio and many other.
 Project report or projections are mandatory for availing
funds and loans from financial institutions and banks for
both renewal and new finance. Chartered Accountant
can prepare detailed project report (DPR) including
cost of project, sources of funds, utilization of funds,
estimate of revenue, profitability, taxation, depreciation,
various required ratios etc. Chartered Accountant also
undertake a financial feasibility study and providing
Financial report of the same. Chartered Accountant also prepares
complete financial projections for emerging business,
including income statements, balance sheets and cash
Arrangements & Fund flow statements.

Planning through  Providing various certificates required by banks
and financial institutions such as net-worth, turnover
certificate, investment certificate and many other as
various sources required by the lending institutions for the documentation
and verification purpose.

 Contracts or agreements drafting that includes terms and
conditions binding between the lender and the borrower.

 Conducting financial and tax due diligence in all aspects
of the organisation and reviewing all legal issues
affecting the business and preparing due diligence
report. The Diligence Report covers many critical and
relevant matters

Quick Insights on Professional Opportunities for Chartered Accountants 87