CA Students is a common term in my all the articles as I am because they are. I salute ICAI to give the society the best course of the world. |

Lid Cairns had said that, " Dear Students I am thankful to have all of you as I learnt a lot from all of you. I hope you also learnt something from me." Result : 90% of his teaching career saw 100% results. Failure was not his way of life.

I request all students to follow the 10 Rules to clear the CA EXAMS successfully.

1. Can you live the disciplined life? I want all of you to have balanced sleep and proper time table for studies. It should not be so that you sleep in the class or articleship lunch time or travelling. This will disturb your mind and always keep you uncomfortable.

2. Orgainze your studies in such a manner that no event should disturb you. In Diwali, some say I am memorising sections and neihghbour is firing the crackers. My dear student, ICAI gives you 1 1/2 to 2 years to study, now on the last day is it possible?

3. Not to indulge in gossips, rumours and uncessary talks. Keep your personality at the highest level.

4. Fitness is must as if you ae fit the battle is won. Avoid junk food during the leave period as it diturbs the body.

5. Interest to study should come from within. I will do it because I am expected to perform. I have self-respect and I should not be nagged to study.

6. Dedicate your CA to parents. It is they who have made us worthy of ICAI. If yoy remember how the fees are paid and how they have brought us here, you will pass.

7. Ethics should be followed as it is way of life. DO not think of someone somewhere and waste time. Nobody is nowhere till you are CA. Your CA can lead to marriage but marriage hardly leads to CA. (some exceptions are there).

8. Natural Personality should be maintained. Do not how ego to others that you are CA Student as it does not make any difference to those who do not know what is CA. Please be down to earth personality.

9. Cool at all times because that is required. If you are impatient then it is not a good sign. If I am cool I will red the paper correct and the rest is history.

10. Enquire about the things you do not know. Asking saves a lot of guess. Life is all about questions and living is all about answers.

CONFIDENCE

(ALL THE FIRST LETTERS)

 

One person had told me that Sir what is LIFE?

Life is all about Cash, Character, Compliments, Attitude, Assurance and Ability.

Kitne C aur Kitne A hein apke pass?

Teen.

What does it make?

CA, CA and CA.

CA

Let us conclude on high note.
Posted by Mr Kapil G Thakore in CAclubindia




















Chartered Accountancy is a rewarding and high profile career.This
career not only equips with the necessary knowledge and technical
skills but also develops managerial outlook in order to handle even the
most critical problems. This profession is quite challenging, lucrative
as well as prestigious. In India with the rapid growth in economy
chartered accountants are in great demand. Chartered accountancy is a
high status profession and passport to challenging and equally
rewarding career in industry and commerce. Chartered accountants are
the part of the top management team. Even in the government sector,
they held important positions. In India , the responsibilities of
conducting the chartered accountancy courses are vested with the
institute of chartered accountants of India(I CAI).On successful
completion of the course , the students becomes entitled to apply for
the membership of the institute The professional course of CA is blend
of theoretical education and practical training so that the students
can acquire the required level of professional knowledge and skills for
the relevant. A chartered accountant (C.A.) is one who is specialized
in accounting, auditing, and taxation. The institute of chartered
accountants in India regulates the profession, was established by an
act of parliament in 1949.

Educational qualifications: The
individuals who are seeking admission in CA is relatively simple as
there is no competitive exams like in case of engineering and medicine
etc . The institutes of Chartered accountants of India which conducts
the course , has its headquarters at new Delhi and regional sectors in
Kanpur, Mumbai,kolkatta, and Chennai in addition to 81 branches spread
all over the country. The individuals who want to seek admission in
this course must be graduate or postgraduate satisfying the following
conditions:

1) Graduates in commerce with 50% marks

2) Graduates, without mathematics with 55% marks

3) Non commerce graduates with mathematics, having 60% marks.

The individual must enroll with the institute and undergo practical
training under practicing CA. He/she must appear for intermediate
examination after twelve months of training. And then appear for final
examination after passing intermediate examination, during the last six
months of training or thereafter pass the same. After this an
individual can enroll as a member of institute of chartered Accountants
of India.

The types of functions performed by the C.A. are quite varied .Some of the functions performed by C.A. are as follow:

1) Accountancy:The writing up of accounts and preparation
of financial statements from the simplest receipts payments accounts
and detail accounts of large public limited companies.

2)Cost accountancy: A chartered Accountant is equipped to
provide information on costing for the guidance of management ,
introduce cost control methods and assist the management in determining
appropriate selling price.

3)Investigation: C.A. are often called upon to carry out
investigation to ascertain the financial position of business house for
the purpose of issue of new shares, purchase or sale or financing of
business , finding out reasons for the increase or decrease of profits,
reconstructions or amalgamations.

4) Companies secretarial work: As a secretary, the C.A is an important link in the management chain.

5) Management accounting: The chartered Accountant’s
service is utilized in a variety of ways like formulation of policies,
control and performance evaluation.

6) Directorship: Many members of the institute who hold senior positions in industry and commerce are also the director of their companies.

7)Executors and trustees: A C.A is also often appointed
executor under a will or trust in order to carry on the administration
of the estate or settlement .

8) Taxation: The
assessment of taxes is closely linked to financial accounts. By getting
experience in this field. he prepares the returns for the taxes ,
represent assesses before the income tax authorities and also provide
general advice to the various clients.

9)Other activities:Other duties undertaken by a C.A
includes those of an arbitrator for setting disputes specially those
who are connected with the insolvency work such as the preparation of
statement of affairs.

career opportunities:

C.A. have various options for pursuing rewarding career. Some of the available positions are as follows:

a) Set up independent professional practice.

b) Services in the field of market

c) Take up a suitable position in a business or industry.

d) Join a practicing firm of Chartered Accountants.

The choice depends largely on your personal inclination. Starting
one’s own industrial or business venture is also now becoming popular
among chartered Accountants. The Institute of Chartered Accountants,
India currently has about 1, 00,000 members. It is expected that 70% of
who are in public practice and remaining are engaged in trade and
industry. Though traditionally C.A. has been associated with accounting
and auditing but liberalizations has opened up areas such as technology
risks consulting management information system and management
consultancy. This profession has a lot of flexibility. Opportunities
for employment are available in the government departments, in the
public sector, in the cooperative sector, in universities/ research
bodies and in the private sector. In the private sector, the
remuneration is given according to the company they work for and the
experience they have.