Wheather to quit or continue..?

IPCC 1299 views 14 replies

Dear friends,

             I would like to share my story in CA attempts from past 6 years.I have been writing CA Inter since 2008.

            

              Begening I wrote PE-2 exams four attempts. Some of you may know that what was the 2009-10 PE-2 results passing percentage.Later for 2 years I didn’t write.

Again started giving IPCC 1st group from last 2 years (given 3 attempts).1st attempt got marks 166 total, 2nd attempt 177, again 3rd attempt 166.

          

         Its not belivable how the institute is valuating papers.I wrote Income tax for 100 marks and obtained only 46! . I agree some mistake would be there but I don’t agree the mistake were almost 50%.

          

          I heard from some friends that practical papers like income tax can get proper marks if I give presentation as printed in suggested answers. Is that true..??! Why the institute wont give importance to knowledge..? I mean to say my final answers were correct. I'm telling this confidentially because of I have more than 6 years experience in practical taxation and the question asked in the examination were really simple.

 

         

              Business law also I felt the same. I wrote answers correctly for 80 marks and obtained 44.

 I agree for Accounts and Costing marks what i obatined . No issue in that.

 

           

           Im not feeling bad. I just thinking why this examination is not passing even if I do hardwork, planned study etc…

            Also I am thinking what about my future if this results continues in further attempts… I am having a lot of resposibilites at home to settel soon financially.  Please give valuable suggestion wheather continue or quit..? I need to take serious decision in this regard.

 

Rakesh

Replies (14)

I agree with you that there are certain backdrops regarding valuation of papers.

And certainly Results are not the only criteria which judge your capabilities or Knowledge.

This situation arises a lot of times in CA exams.

I suggest you not to give up.

When  we are confident about ourselves, why to quit?

Let us try until we succeed. Let us make"Failures" get bored of us.

I am sure you are very close to success.  Nothing or No one can stop you.

All the Best. Concentrate more on the subject in which you got least marks.

u r a WINNER just a step far from ur Goal...

dnt step down all the steps which you already crossed.

i will suggest put all your efforts to cross the last and final step otherwise all your efforts to reach the last step will waste.  

think hundered times and then take the decision becoz u r losing the great two letter CA in your life.  

all the best my friend

 

Dear Rakesh,

I Know 99.99% Will Comment Here as "Don't Quit"..

But My Suggestion is Your First Priority Should be Make Your Career By Having a Good post in reputed Organisation as a Non CA, Dont Take So Much stress for CA, (I Mean Since You Have Lots of Responsibilities Towards Your Family, Suggest You to Have a Good Job (Because Even Non CA Can Earn More).

Since You have Great Exposure in Taxation and Other, so Dont Spoil Your Career by Running towards CA, Because CA is Not  the Limit, Afterall Experience Matters.

 

This is My Personal Advise Looking Towards Your Query, Rest is You have to Decide.

Apart from This, You Can Sit in CA Examination Continuing With Your Job and Career.

 

 

You should quit but don't stop appearing exams. IMO you are seriously wasting your caliber behind it! .. 

Go for the best job opportunity, forget CA and once you have cleared the exaams start the interview sessions. You will be much confident when you are mentally prepared to make your experience count. A little drop in confidence in the interviews will be a huge loss since no one has the patience to cross check your ability word by  word mentioned in the CV. It's your mental comfort and confidence that will bring you the right job and this is my own personal experience.

So take a breaka from CA but continue studying and in the meantime focus on richer ambitions.

Originally posted by : CA AYUSH AGRAWAL

Dear Rakesh,

I Know 99.99% Will Comment Here as "Don't Quit"..

But My Suggestion is Your First Priority Should be Make Your Career By Having a Good post in reputed Organisation as a Non CA, Dont Take So Much stress for CA, (I Mean Since You Have Lots of Responsibilities Towards Your Family, Suggest You to Have a Good Job (Because Even Non CA Can Earn More).

Since You have Great Exposure in Taxation and Other, so Dont Spoil Your Career by Running towards CA, Because CA is Not  the Limit, Afterall Experience Matters.

 

This is My Personal Advise Looking Towards Your Query, Rest is You have to Decide.

Apart from This, You Can Sit in CA Examination Continuing With Your Job and Career.

 

 

true saying,,
Rakesh, i absolutely agree with whatever you have written about the valuation of our exam papers. The paper correction system of ICAI is indeed very unprofessional. Our papers are not being corrected by specialised experts or professors of the subject but the qualified CAs. Even a newly qualified Chartered Accountant is being given Ca final papers for correction.... I mean paper correction of such professional exam is a big job and how can institute trust the newly qualified CAs for this job of paper correction. One of my close friend who appeared for CA Final without even touching the books in Nov12 (he didnt even studied a day before exam) but he got 58 in accounts and 59 in SFM. I mean how can it be possible? I know this guy personally and I know what he is capable of. He admitted that he didnt even know what he wrote in exam. This is the sad bitter truth of this course......those who really deserve may not qualify but those who dont deserve qualify. I myself have appeared for ca final thrice. In May 12 i cleared 2nd group but failed in 1st group. In Nov12 again i failed 1st group scoring 185. I did so best in SFM but have scored only 51. I did as best as possible in SFM and expected as best as possible but dont know why i deserved only this much but those who have not even touched their books have got as high as 59 in SFM. There is definately some big flaw in this system of paper correction and because of this many of us are suffering. I am in sheer depression because of such unreliable results. I have applied for the certified copies but i know there is nothing i can really do even if there is some mistake on part of Icai in my paper correction. I applied for certified copy of cost in may 12 and i did noticed that i have been awarded 0 in a perfectly correct solution. I even uploaded the scanned copies of it in this website. Qualifying CA requires hardwork along with favourable luck. Rakesh, If you really think you deserved better marks then dont quit and do apply for the certified copies. Good Luck.
Originally posted by : ASHISH PATHAK
This is the sad bitter truth of this course......those who really deserve may not qualify but those who dont deserve qualify. 

This is 100% true and really sad (and stupidity to further ignore it and come out openly supporting ICAI and not to accept the hard facts).

There is no unity among many professional qualified CA's to take this issue for obvious reasons and those students who are suffering can't understand the fact that they should stop CA immediately after 2 attempts and keep some back up alternatives which can help them financially and offere relevant good jobs till they qualify CA.

Ssome tips for those who are either stuck with PE2 for long time or are finding difficult to pass out CA finals and importantly for those who have just enrolled for CPT.

1. Always keep a back up alternative side-by-side but clear Graduation first and then take up CFA or CS or any good professional course you find it suitable, interested and worth in job prospects.

2. Always apply for articleship with firms who pay you or count you deserving on performance rather sticking to stipend of ICAI. There are many such CA's who disagree the puny little stipends and always hand over more so look out such good CA's who are performing their best in servicing and reducing the hardships for students.

3. If you can't clear CA Finals in 3 attempts max just quit it. Seriously today there are lots of companies who appreciate a candidates experience and intelligence along with sincere hard work rather those who waste their time just appearing CA exams and still lack that over all development compared to many other students.

4. Among all these things always keep in mind that your degree alone won't give you a ticket to the best package. Create a habit to speak english, read journals, make professional friends, avoid social networking and wasting time on Iphones rather focus your interest in the course and get maximum experience. 

It's important that you excel rather pass out in any course. Even a graduation degree can fetch you big packages and make CA a thing of the past provided you know what you are doing is the thing you are passionate about.

Lastly, I my self enjoy numbers and into Finance and hold a Graduation degree with CFA and still a CA Inter student appearing for CA finals for past 4 years and earning 540000 a year working with TATA AIG Insurance Company.

Had it been that I was continuing only CA without CFA my earnings would be slim so you all need to come up with some alternative and immediately work hard to cover up the years wasted and even those students who will enroll CA always remember. DON"T RELY ON CA ALONE ALWAYS PLAN AN ALTERNATIVE FOR A SATISFYING FUTURE.

Good luck!!

Uhhhh..... I'm not sure. But I have a couple of statements for you.

 

1. Quitting always doesn't mean you are weak. Sometimes, it can mean that you are strong enough to let it go off!!!

 

2. Quitting is just non-sense. You are already in pain. You are already hurt. Get a reward from it.

 

Either ways, I'm happy for you!!!

Good luck  siryes

 

Have a nice life........

Originally posted by : Shrikant

Uhhhh..... I'm not sure. But I have a couple of statements for you.

 

1. Quitting always doesn't mean you are weak. Sometimes, it can mean that you are strong enough to let it go off!!!

 

2. Quitting is just non-sense. You are already in pain. You are already hurt. Get a reward from it.

 

Either ways, I'm happy for you!!!

Good luck  sir

 

Have a nice life........

 

oh my god, Shrikant Bhai, What a Saying, I Like So Much Your 1st Point, Quitting Always Doesnt Mean That You are weak.

Wanna to Give as Many as Thanks for This Line, But CCI Admin Wont Allow me Giving More Than 1 Thank.

and Regarding Query, Many a Times Ppl Only Answer, Don't Quit, Done Accept Loosing, But I Strictly Say Keeping in Mind Your Present Scenario and Financial Conditions , You Should Take Decision.

Dear Rakesh,

  Remember one thing that no one is clearing CA exam without luck. Some times luck play a vital role with some of us.  You can earn money for minimum requirement by doing part time jobs if you are staying in metropolian city.

As i guess, the experience what you have is good enough to make minimum required finance by working 4 hours in a day. Take a chance for another attempt. Im suggesting this because you have been almost invested 4 years in exams and there is no offence if you can invest one more year.

Job and money can get later.  If you quit, all effort what you given wil be waste. Once you complete the IPCC, get dummy article and join some good company to earn money. You can relax for another 2 years to give final year.

Forget that you have given previous attempts.Just  give fresh attempt seriously  by changing the way of studies. All the best

Originally posted by : CA AYUSH AGRAWAL

Dear Rakesh,

I Know 99.99% Will Comment Here as "Don't Quit"..

But My Suggestion is Your First Priority Should be Make Your Career By Having a Good post in reputed Organisation as a Non CA, Dont Take So Much stress for CA, (I Mean Since You Have Lots of Responsibilities Towards Your Family, Suggest You to Have a Good Job (Because Even Non CA Can Earn More).

Since You have Great Exposure in Taxation and Other, so Dont Spoil Your Career by Running towards CA, Because CA is Not  the Limit, Afterall Experience Matters.

 

This is My Personal Advise Looking Towards Your Query, Rest is You have to Decide.

Apart from This, You Can Sit in CA Examination Continuing With Your Job and Career.

 

 

I completlely agree with this!

Dear all,

        Thanks for giving valuable suggestions. Some new thoughts arising in my mind regarding this. Thank you very much.

 

Rakesh

My personal point of view is:

 

1) Don't blaim ICAI

 

&

2) Just Work Hard, Work Hard & Work Hard Dear

 

Don't quit....take it as a challange of Life.....Definitley you'ill pass one day.

 

Originally posted by : Kumar Gaurav

My personal point of view is:

 

1) Don't blaim ICAI

 

&

2) Just Work Hard, Work Hard & Work Hard Dear

 

Don't quit....take it as a challange of Life.....Definitley you'ill pass one day.

 

Dear Sir,

   Neither i have intension nor i am in that situation to blame ICAI. I too respect institute a lot. For your information, institute had released the PE-2 passing percentage 1.26% in 2009-10 and now its 25% to 30%. There are lots of queries institute cannot be answer.. perhaps we cannot question also.

   In this forum, i just shared my personal experience about results and correction of papers.

Thanks for suggestion.

 

Rakesh


 


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