@ Ankit - I think you are referring to my response.
Let me clarify few things. Firstly I didn't mean to support dummy. I did my articleship in a large audit firm and qualified CA. So I am not the one who believe in dummy.
What I meant was that a student needs to be thorough in EVERY subject that's part of the CA course. Because the content that you learn is very valuable, unlike MBA or other courses, which is very superficial in CA you have the opportunity to go in-depth. Having spent 8 years in different industries I see the difference that a CA can bring to the job.
However the recent trend I have noticed is CA students tend to study only for passing 'exam' or give very less importance to certain subjects on the pretext that those will not be tested in future years in their career. Many students are not that 'into' the course, they are just in it for the two-letters.
But let me tell you, every aspect of what you learn in your curriculum will come to test in your job some way or the other. You don't have to wait for that. Once you'r a CA you got to know many stuff. That's the attitude business owners and your bosses are going to look at you.
CA curriculum goes deep and wide. You have to travel the course. Don't go for short-cuts, aim for passing marks etc. Do all your research, read, read, read and read.
As for articleship- Both extremes are wrong. Concentrating only on your articleship ignoring your books or concentrating only on your books ignoring your articleship. So what's the weight you would assign, you could ask.. I would say 60:40 in favour of books. Because you'r still in your learning phase of your career. Your primary source of knowledge is STILL your curriculum. Your office boss doesn't set your curriculum. He merely 'uses' you because he believes you will backup your work with what you learn in CA curriculum.
And articleship is quite restrictive. Like you may do only statutory audit without getting any exposure to tax or corporate finance. As a candidate for future interviews, you should be aware of the limitations that your articleship has got. Just because you articled in so and so firm doesn't mean you know everything. So during your articleship and your studies, learn as much as possible and go as deep as possible. Don't ignore one for another. Don't make choices.
There is a lot I could write. I needed to respond because someone took my comment wrongly and I need to clarify.
The title of the thread 'only booking knowledge is not enough' is partly correct. It would be more apt if it was 'also, only practical training is not enough as well'.
Hope this helps.
CAclubindia
