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practice vs service

(Guest)

what is better practice or service for our future??

i think for those who have ca families shall go for practice and those who are new to this shall first move for a service

what do you suggest??

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14 Replies

CA.Shaleen Srivastava (CA , CWA*, Bcom(H)) (2004 Points)
Replied 21 August 2009

i think a newly qualified CA like me. want to persue for a job for 2-3 years for money and then come to pratice.

Is i think right ?????????????

suggest me

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CA Bharat Aggarwal (CA) (283 Points)
Replied 21 August 2009

u r right CA.Shaleen.

Vijetha (Student) (387 Points)
Replied 21 August 2009

Decide based one's fanancial background...If one is in need of money,then better to work in a company first.

(Guest)

yaa.. you are definitely right

CA CS Amit Borade (Chief Accountant) (2828 Points)
Replied 21 August 2009

Hi Guyes..

For practice u will struggle little bit in the beginning because to reach break even it will take sum time... Afterwards u r king..

As per my opinion Practice is Best option..

I am also going for Job for 2-3 years (for own capital) afterwards come to practice. But u have to choose job very carefully, i.e. it must be related to practice.. Just like working in CA firm in Audit & taxation etc.

Best of Luck

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tapas (Student) (45 Points)
Replied 21 August 2009

i think fristly u will try for job ...because it boost up and also when u have cleared C.A. u just need money ..after working 3-4 yrs u can move out towards practise....

ritesh (CA) (106 Points)
Replied 21 August 2009

i feel after becmoing CA one should try to enter in already established CA firm on partnership basis this will raise the strength of the firm and u will get more options to explore.... Partnership as we all know need capital investment which counld be tackled by 2 ways....

1 u can take a loan which is easily available to CA or

2 or one should enter in partnership not on profit sharing basis but may be on some fixed income basis initially.....

this is what i feel.....

choose options carefully.

CA Guru M (B.com, CA, CS) (1552 Points)
Replied 21 August 2009

Originally posted by : @ m!t B. "keep $m!l!ng"
"	Hi Guyes.. For practice u will struggle little bit in the beginning because to reach break even it will take sum time... Afterwards u r king.. As per my opinion Practice is Best option.. I am also going for Job for 2-3 years (for own capital) afterwards come to practice. But u have to choose job very carefully, i.e. it must be related to practice.. Just like working in CA firm in Audit & taxation etc. Best of Luck	"

(Guest)

u r right ca shaleen

CA Kingsley (Audit Manager) (470 Points)
Replied 21 August 2009

I agree with amith. To go for practice, you need strong expert skills for which employment under Big four for atleast 3 yrs is required. I am not intereested in employment because, in employment also just like articleship, you will have to work under someone who doesnt even haev the knowledge u have, u do alll work and ur superiors take all credit, go thro office politics etc. I am sick of that during articleship. So i have decided to be my own boss - to get into practice.

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KHUSHBU KANORIA (B.COM(H) Qualified CA(FINAL)) (39 Points)
Replied 21 August 2009

Originally posted by :radha
"	a person opting for practice needs to b vry patient as the initial phase is a struggling one, n aftr dat sky is limit. n if u r lucky enuf u can evn learn a lot in industrial jobs	"

Suresh M (Financial Analyst) (124 Points)
Replied 21 August 2009

guys : We are going to be a Chartered Accountants..... There is only two option to do in our whole professional life till end. So, try taste both as per your convenient. It is very much practical understanding when you are working in company and reaching as CFO level which paramount in financial. This will expand your whole view of financial parameter in such extend. Try to work hard and hunting to know how domestic and multi national corporation works in financial decisions instead of switching off this option. It's my own thought with support for both side......

CA Rashmi (final cleared) (680 Points)
Replied 21 August 2009

for practising need some gud source n strong family background.i will go for service n later on if passible to get some gud clients den only i will think about cop.

souvik (Chartered Accountant) (84 Points)
Replied 23 August 2009

Everyone Ideally wants to work for 2 or 3 years and then get into practice. But I know a lot of my seniors who had the same idea but after a few years of earning good packages nobody feels like leaving their job and entering into a new struggle, they get too used to the money.

If u want to practice and dont have any financial hurdles, u should start immediately after ur articleship. But then thats my personal opinion.(thats what i am planning to do)