With the COVID-19 outbreak and the nation-wide lockdown, the last few weeks have proven to be a challenging time for businesses who depend on day-to-day cash transactions. Restricted cash flows have made it difficult for them to make timely payments to their employees and suppliers/vendors. The current scenario has had a cascading impact on 60 million+ enterprises with over 110 million people employed by this sector. According to a survey conducted by Federation of Indian Chambers of Commerce..
I'm often asked the above question but I am not sure if the spirit of the question means to ask if the content and subjects are tough, or the pressure alongside the study or the uneasiness of stepping outside your cozy comfort zone. Nevertheless I'll talk about the entire course as a whole. First, when saying CA is tough, what are you comparing it to? For the sake of parity, I assume that you might be comparing it to other courses out there. Do you realize a doctor's job is much m..
While many people are talking about the impact of Coronavirus on the economy, GDP, running of businesses, taxation frameworks, etc, but are silent about changes that need to be incorporated in working style of Chartered Accountants especially those who are doing practice solely or in partnerships with small teams. All disruptions, be it is political or social or economical or health-related one, motivate us to change, and if we fail to change ourselves with changing times, chances of our surviva..
Do you know why? I envy the age you are at, the start of life, the breath of fresh air and the advent of freedom to do and go wherever you want. Yet it's probably the toughest age to be at, as now you are faced with that troublesome question of -"What career do I choose?". Sometimes I wonder how this world expects usat the tender age of 17 to make such an important life affecting decision. The choice of a career becomes even more critical given the fact that most of us will n..
In the past few days, we saw many Chartered Accountants raising the concern that how some online platforms are advertising services rendered by Chartered Accountants when it is against the norms. The ICAI has issued an advisory on advertisement of services rendered by a Chartered Accountant. The ICAI said that the advertisement of services is permissible vide "write up" with subject to guidelines. The Institute further clarified that members can advertise setting out their particu..
This recommended scale of fees declared for Chartered Accountants came out with revisions. Since it is a recommended measure neither the appointee who hires the services of chartered accountant nor the persons who get hired have major say in this issue. Still, it only helps in satisfaction of the mind of the CA by considering that, I have rendered the services of this specific value. Very few times it has happened, during my tenure of practice that we have been fees which are equivalent to the r..
The outbreak of the COVID-19 pandemic has brought regular life to a halt. The number of cases is shooting up every day. To substantially reduce the spread of the virus in the country, lockdown was the only way out. Governments across the world have been requesting people to stay at home and practice social distancing to reduce exposure to the deadly virus. We saw announcements coming from the government a couple of weeks back asking people not to step out unless very necessary. It wasn't ..
When a person is doing CA, he just only thinks about respect & earning in the future after becoming CA. So he choose one of the toughest course of the world. For becoming a CA you have to sacrifice all your comfort or we can say you have to leave your comfort zone & need to come in the struggle zone. There are lots of things that a CA student feel proud on that. When you say to someone that you are doing CA & he is shocked to here that & say CA is very hard. Then you will feel..
On average, more than 40000 students appeared in CA final & just 10-12% passed. Have you ever wondered why? The reason is not being able to study properly & you need to increase your efforts. CA is considered one of the toughest exam so that’s not an easy thing to clear it. Can you understand what is the difference between people who passed & who failed? The major reason is not being able to study properly. Here I have listed some common reasons&nb..