Fail or Pass ?

others 1341 views 5 replies

Surendra Shah

Chartered Accountants

35 Points Joined November 2007

My nephew who is a practicing CA in Bombay informed me about his partner's son who has now appeared in the CA exam 30 times but has not been able to clear it though he is very intelligent in practical work. My nephew told me that he feels awkward signing the balance sheet after all the meticulous spadework done by him. It reminded me of my CA days when one of my friends who was more intelligent than me in certain subjects gave up trying after failing 16 times. Sometimes when I think of it, I feel guilty of passing. Nearly all CAs acknowledge that luck plays a major role though results have improved compared to before.

I learnt from somewhere that Amitabh Bachchan is not a formally trained actor but an actor of those times who received a gold medal from the Film institute in Pune completely flopped at the box office. Cricketer VVS laxman is not considered for one day cricket despite his obvious class. Even Trading psychology in the share market clearly indicates that a person has to find his niche first and intelligence comes in niches- every trader is not likely to be a good investor and vice-versa.

Why should then a peace of paper decide the life of an individual who is good at practical work- the proof of the pudding is in the eating after all. Food for thought from talent management perspective.

I have always been intrigued by people who get stuck. One CA told me that he had even heard of a father and son give the exam together. This may sound bizarre but I am sure some of you might have come across such examples who could not make it despite trying very hard.

Replies (5)

KAAPIL

COACHING

11717 Points Joined May 2007

Dear Sir, You have come out with an execellent write up. But I wish to remind you that authenticity comes with certification. Luck is tried at casino and not at ICAI. I am sorry if I am harsh but ICAI has its own principles and it has a bag of surprises. I have also heard of two cases where father and son appeared and passed. Also our ex-President Chhajed Sir when he was President his son appeared for CA FINAL and failed. ICAI pracises highest ethics and in this sometimes there are many casualties. I agree for the same that they loose even though they know. But that is life. You cannot have 10 lakh CPT students = 10 lakh CAs. If this happens then value of CA will diminsih. JAI HIND JAI ICAI JAI CACLUB

CA. Dashrath Maheshwari

TaXpert

15121 Points Joined September 2007

I appreciate the reply written by Kapil, there are many other area were also facing same problem but it doesn't mean that you should feel guilty of passing, you may have some other important factors to pass out CA, by that reason you are a CA, so as kapil says thats life my friend. ***share_your_knowledge***

Surendra Shah

Chartered Accountants

35 Points Joined November 2007

Guilty of passing was an expression though I was apprehensive about my result. Its just that when you read things like the strong protests of students on the issue of reservation where other factors falsely precede merit, one can't help feeling sorry for potential CAs who may have got stuck for factors other than merit. Kapil has also talked about the diminishing value of CAs. If CA's were increased or decreased on the vagaries of demand, it would seem more like a business rather than a profession which prides itself on the genuine potential of an individual. There is a saying "It is a man who dignifies a job and not a job that dignifies a man". It is the person who adds value; there are plenty of people in real life who are not a true reflection of their degrees in the context of functional talent or operative skill.

Real education too is all about drawing out the potential of the individual. Kapil is talking from a practical perspective but from wasted talent and life point of view, it is deplorable.

I did not raise this get into a drawing room debate. I was just keen to know about more examples of such stuck people. Off and on, I meet CAs whose gurus(A guru by definition is supposed to dispel darkness ) are still languishing in the dark while they(the chelas) have managed to see the light of the day(passed)

CHITRA

Article Assitant

156 Points Joined October 2007

hi good examples by surendra shah but even kapil is write

ram

student

23 Points Joined December 2007

hi i am a ca student who have failed twice in pe2 & gave third time waiting for result.... feeling like ending myself this time if i fail. feeling very depressed these days, alone,lonely, failure,and now dejected after reading mr. surendra shah's view