this discussion is not relatted to past and v  r just talkinh about future who will gain momentum and  very sure management decision making course will play vital role in future all over the world with great scope 

c.a. rajan

CWAs are more in Demand.. thats true.

Originally posted by : CA SURENDRA KUMAR RAKHECHA
	Due to more than 10 lacs of students in CA; it seems passing of CA is easier now. . Actually it is not so because 30 years back; number of students were too low. The results were low because at that time no facilities of proper books, guide and coaching were available.   . The trouble with fresh CAs is only that they don't take articleship training seriously neither they become  serious at the time of joining the course to understand the VALUES of CA course.  . Coaching classes misguide them that passing is more important than the training; hence many students emphasis more on that. This tendency is due to attitude till Standard XII when more of the students depend themselves on tuition classes.  .   .  .

Very true. Now a days the focus of CA student is to Pass the Exam they do not pursue to Learn they pursue the course to Earn. This shift in approach causing the difference. I have come across new guys they want Good Designation and compensation whereas there knowledge is not at par with the expectation since most of the time i found them putting challenging topics in Option and doing Dummt Articleship. Due to this there are many companies who do not recognise Articleship as relevant experience. A guy who works with CA firm after graduation gets benefit of experience whereas the same guy is works as artcles hew wont get the benefit of experience. This leads to wastage of 3 years of a candidate who actually does his articleship.

Recently i interviewd a candidate who was keeping a book of a company while in articleship, said his job was to ensure "Bank Balance is Zero"!!!!!  i tried to hint it must be reconciliation but he was adament to his contention.

Now Everyone has to face the brunt of "shortcut to success"

Students are "smart" enough in many cases. 

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They take "dummy" from one CA Firm and do service "with other" CA !

(after reading this; some more students may have an idea what to do).

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They are more interested in taking "stipend" than to "do actual training."

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Before joining; they must learn where to join; but they never listen to the seniors and do what either coaching classes suggest or suggested by their parents who are actually not aware of the typicality of CA profession. 

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CA PROFESSION WAS NEVER MEANT FOR JOB MARKET. 

It is merely an another opportunity with CA course. 

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One may refer my articles published at caclub:

1. Research on Study Pattern of Practical Subjects
2. Time Management for Self Employed Persons
3. Be an effective public speaker to make your career bright
4. How to start your own practice as CA/CS/ICWA
5. Begin With Your Strength to Achieve The Excellence

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Those who raise that job market is poor in CA;

are requested to send their resume to me at ccsurat3012301 @ yahoo.co.in

IF  

THEY FEEL THEY ARE EXPERT IN ANY OF THE FIELD (subject)

WHICH WAS  INCLUDED IN THE CA CURRICULUM. 

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If not, they are advised to take a fresh look on the subjects which have been "passed" in the CA exams. 

In Surat; a general accountant is earning Rs.4-5 lacs a year

because they know accounting

and

a chartered accountant is not knowing the perfect accounting for which they

are deemed to have expert knowledge.  

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Even a full time accountant is not available at Rs.20,000/- a month if he knows accounting of private limited company. 

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What a pity !

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And still the fresh chartered accountants blame the profession. 

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Ofcourse CA has more statutory rights than CS or CMA..But things are changing now..More privileges and recognitions given to a CS in the new Company Bill is said to be an example of changing scenario..These two courses are also coming to main stream..But it doesnt mean than these courses will outshine CA..CA is already an established and privileged course while the other two are on their transition period. I hope CS and CMA will also create their own independent brand identity in the near future itself.

It is true there are some lapse on the part of the ICAI but it does not mean it is doing nothing of any standard. 

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How many students and fresh chartered accountants refer THE CHARTERED ACCOUNTANT - journal of the ICAI?

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Just reply and then find the answer why they are lacking in the profession and think only of a job. 

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(No further discussion from my end). 

Originally posted by : Abhishek
	Please Pardon My Language If It Hurts Your Feeling BUT In My Opinion There Was , Is & Will always be A Difference Betwwen CA & CWA(Now Name Changed To CA i.e Cost Accountant). I Agree With U That CWA May Save Time As U Can Go For  Finals immediately After Intermediate But There Is Far Any Comparison Between CA & CWA. Also I Would Like To Inform You Dear Vivek That The Latest Fee Structure Of CWA Is Much More Than CA. Hence In Terms Of Money CA Course Is Far More Economical Than CWA.   Having Respects For Your Feeling That "There Is No Difference B/W CA & CWA", I'd Like To Advice U That You Should Go For CA as Job Opportunities Are Quite Better For CA Profession Both Nationally & Internationally as CA Institute Has Arrangeded Largest No. Of MOU's With Other Nations Among All Three Professional Bodies(i.e CA, CS , CWA). Also Working Areas For CA's Are Quite Diversified & Practice Opportunities For CA's Are Avialable Every Where Unlike CS & CWA.

now the syllabus has revised on the date 10.10.2012 with details on 16.10.2012

and CWA - inter students are not eligible to get attempt for final immediately because they have to undergo practical training compulsorily for 3 yrs and after completion of 6 months they are eligible to appear only for single group in final

so CWA must have practical training to be positioned better .

 

Originally posted by : CA SURENDRA KUMAR RAKHECHA
	It is true there are some lapse on the part of the ICAI but it does not mean it is doing nothing of any standard.  . How many students and fresh chartered accountants refer THE CHARTERED ACCOUNTANT - journal of the ICAI? . Just reply and then find the answer why they are lacking in the profession and think only of a job.  . (No further discussion from my end).

Sir

I think here the discussion is going on about CMA and CS stadards which undergone drastic changes but not to degrade CA standards.

I am semi-qalified CA and CMA
 

The CWA latest syllabus published is simply superb ,but tats not enough unless its backed by  good practical experience..

The CA course has the blend in it..but ICAI, can  never demand expertise in all subjects from students...how often do u Find a CA practicing in more than 2 to 3 areas ,if he is ,he s not considered to be specialist...

ICAI should give speclization options in Final levels rather than demanding specilization all 8 subjects...& hiking up results.in such a senario student has never got sure shot knoledge of anything...the pressure of passing the exam makes a student study like tat...

Also in the domain opted for ,a year and half training should be made mandatory.

People here should not forget that first of all, the difference b/w CA & CWA can not be made ALONE on the basis of curriculum or syllabus.

The essence of the CA course lies in its Articleship/Practical training majorly. I am not mentioning the difficulty level of CA/CWA course as its a debatable issue.

Hence, the two courses can not be compared. 

Respected Sir, I am a student of cwa final but unfortunately I totally disagree with the opinion that changing the syllabus could bring a huge change to the CMA course. I would like to point some of my experience. I cleared my cma inter exam this june and got myself enrolled for the final on Sept 2012.

Firstly I doubt whether the institute will be concerned about enhancing the quality of the study material. I got my study materials on Sept 12 but I found that Point Of Taxation Rule is still not being incorporated. In fact you will hardly find any amendments made in last 3 years in direct and indirect tax except the basic rates and slabs. Cost audit book has not been amended with the MCA notification for the last 3 years. Most hilarious fact is that CAS 14 (which is applicable from dec2012 onwards) has not been included in the study material. Even the recent amendments made as regards the applicability of cost audit and compliance is not there.( I will be grateful if any body tell me where from should I study cost audit).

Our Management accounting and EPM mat ( so called mother subject ) hardly have any concept. 45%  of the solved problems are wrong and nobody is bothered about rectifying them.

Same thing applies to company law . The mutual fund (the only chapter I have studied in capital market) doest not explains how to compute NAV but have 3 problems on computation of front Entry load and Exit load which is being abolished quite a few years back.

In short I found that the 9000 Rs. which I paid for study material is totally wasted.

Next, the PRACTICAL TRAINNING.  I joined a firm of Cost Accountants on jully 2012. Still have not faced any Cost Audit. All I have done is filling some I.T returns, TDS RETURNS, P.F ESI SERVICE TAX AND VAT RETURN. That too I have done of my own. I am really amazed with the level of knowledge my mentor CMA has . On the very first day I found that our clients are provided with a computation report ( manual copulation of income)along with I.T acknowledgement in which deduction u/s 80L is claimed. At that point I have never heared abt it and thought that I don’t know it. I came back home went through the text book there was nothing as such . At last when I search in google I found that it is abolished few years back. He doesnot even knew the principle portion of housing load repayment is eligible u/s 24(b) (I was instructed to show it u/s 80C). I thought my mentor is a mere exception but unfortunately some of my friends are having similar kind of experience. Can anybody tell me What practical exposure I’m gaining. Even in kolkata where the head office of the institute is situated It is hard to find a good cost accounting Firm.

In the computer training only we were taught only Tally and Excel and that too covers only few aspect. Our G.D and B.C …….. jitna kam bola jaiye utna is accha hai. But I personally admire Dilip Shah our G.D B.C mentor. But the point is that in 4 hrs he can hardly do any thing. In our prospectus you will find that there is provision for 15 days modular trainning for final students but actually it is conducted for 2days that too by some incompetent faculties.

As regards job opportunity as par my knowledge even in the best years our institute is able to only 40 % of the student is placed and for students who are not placed is very hard to find a Rs.15000 job off-campus without any practical knowledge. I knew many qualified cost accountants working in chartered accounting firm with a salary of Rs 5000 p.m.

I thing inspite of proving our superiority over chattered accountants we should rather raise our voice against the drawbacks and hypocrisy our institute administrators are showing. What so special about new syllabus. Inter syllabus is merely a copy paste of IPCC syllabus (way better than the old one though). Final syllabus is almost the same except for corporate law.

Few years back we lost our monopoly on excise audit u/s 14a and 14aa. At this point of time when M.C.A is taking the CMA profession seriously (at least the recent amendments says so) if the qualified CMAs cannot deliver proper service quality some day we can loose our monopoly on other arenas also.

C.A IS SUPERIOR COURSE THAN CWA.HAVE YOU SEEN ANY STUDENT PASS C.A FINAL AND DID NOT JOIN JOB BECAUSE HIS CWA EXAM IS DUE.BUT I HAVE SEEN MANY CASES WHEN AFTER PASSING CWA FIANL DID NOT JOIN JOB BECAUSE HIS CA EXAM IS NOT CLEAR.EVEN WAITED 2-3 YEARS.SO ANY ONE CAN JUDGE THAT WHICH IS BETTER COURSE.YES IT IS CORRECT THAT CWA IS IMPROVING.THAT GOOD FOR THE STUDENT OF THIS COURSE.BUT WE SHOULD NOT COMPARE BETWEEN ANY COURSE.

Originally posted by : vivek jain
	There is no difference between CA and cwa so we should pursue cwa it saves time and money??

Similarities

Same name- ICAI

Same qualification (in short)- CA

Same Exam pattern (Inter, Final)

Both are Professional degrees

But rather than degree itself, it is person who is valued due to experience and knowledge.

Whatever we pursue, we should focus on achieving value by learning instead of thinking about time or money.

Sorry for anytype of hardness, if found