Extract of posting:.
Dear Dr DS raj,
Its a very nice lecture but not correct facts. As i read in some earlier comments and from my personal experience, I know CWA's even without knowing how to write a journal entry properly. Are you comparing this quality with the CA's quality ?? Its just a foolish comparison. Am not a CA or CWA, but have close relations with these kind of professionals. While talking to CWA's we can feel their head weight and stupid complex of false professionalism while CA's are behaving in a mush matured manner. its a result of articleship only. During those 3 years the training is for a life style also where he will learn how to behave, how to live, how to work etc. There may be dummies also but you cannot generalise that comment. Also, if the CA's without Staturory audit and tax audit, are equal to CWA's, how can you answer for the ignorance of basic debit/credit of a qualified CWA ? Is this you mentioned as higher calibre and awareness of CWA's??? Is this the Finance professional you are comparing with CA's? idiotic.
Dear sir, comparison should be done between comparables.
Regards.
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Prasad
GENERAL. MANAGER-FINANCE
[ Scorecard : 72]
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Posted about 19 hours ago
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Extract of Posting:
Dear Jerry-
I am CA and ICWA both. I know the hardship I have gone through in passing both the course. It took me 7 long years to pass ICWA and 4.5 years to pass CA.
If you do not belong to any of the two professional bodiesthen why are you giving lecture? Take the pain in passing any of the course and then give lecture.
Being the member of two professional body sometimes I feel ashemed by seeing the maturity level of our so called professionals. This kind of comment proves that where we are?
Dr Selvraj- Request you not to respond to the people like Jerry or Raj Kumar Gupta. It is a great insult to the person of your statute.
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My reply please
Thanks Mr. Prasad,
I am not inclined to take part in this forum as the discussions are not fair and intellectual. However, I venture to post this last one so that these younger guys can understand the reality.
CWA's even without knowing how to write a journal entry properly
2.I have closely associated with Indian and International Corporates and International Organizations for the last 45 years. By God’s grace I posses 8 Post graudate qualifications from India and abroad out of which three with Gold medals. Incidentally one of my children is a CA and the other is from FMS, Delhi and Doctoral degree in Management from Swiss, all are working in the aea of Finance I am also a visiting Professor of number of Management Institutions.
3. Debit/credit and Journal entries are not all as the poster assumes. Even the IIM Gradutes may not be thorough with these, except the broad understanding of the principles. In this respect a 12th Class Student is more familiar with this Debit /credit, Journal entries than any one, so they are more superior to all.
4. There are two areas connected with the Corporate and other business organization. One is pure accounting ie maintenance of books of accounts (Book keeping function) where the knowledge of these debit, credit and journal entries etc are involved. These people generate accounting records, P&L account and Balance Sheet etc. I have seen that in many organization these functions are carried out even by undergraduates. The other function is Finance which involves – (i)rendering Finance advice on critical matters (ii)) issues connected with declaring of dividend (iii) mobilization of funds outside sources, (iv) decision on forming joing ventures and collobarations, and (v) other critical matters connected with the overall busines operations.
5. I have seen that no intelligent guy will remain in the domain of Book keeping function and will switch over to the area of Finance. Average guys remain throught out his life time in maintaining books of accounts with the knowledge of debit, credit and journal entries. Certain set of people are under the impression that these debit, credit and Journal entries are all required. I took pitty on these people for their ignorance.
6. Mostly, the so called CAs, join the course after passing 12th class and doing B.Com along with their CA course and hence mostly B.COM, ACA. That is all the knowledge gained by them. Contrary to this more than 60 percent of CWAs are highly qualified and with exposure to various business segments in Corporate. More over these people venture to undertake the course of CWA with their quest for acquiring knowledge, mostly, and because of these traits they edge over all other professional members.
7. Comment on "Comparison should be done between comparables."
The central excise, VAT, Service tax and Internal audit, practice in Tax Tribunal etc etc are carried out by both the CAs and CWAs and extending more other areas are under the consideration of the Government. I wonder how this guy judged that the CAs and CWAs are entirely a deferrent set of animals.
8. This view is not given to support one set of people but to bring the fact to the ignorant guys so that their ego may come down.
9. I firmly lay down that the days are not for off for their down fall and clibbing of their wings.
10. I will not venture to air my further view whateverver criticism may come for this posting.
This Forum is not exclusive for the Members of ICA(Accounts) as some assumes, but open to all Finance Professionals and tax payers , with a total strenth of over seven lakhs, nearly seven times more than the strength of the ICA(Accounts). Hence, every member is eligible to air his views irrespective of the opinion/views of others, I suppose, provided there is no personal attack on the writers to this Forum (which is the ethical standard expected of the so called professionals)
Wishes,
Dr.D. S.Raj, Ph.D.(Eco.)
Note-1. I accidentally noticed this thread and hence tempted to post my reply. I am not interested in the affairs of any of the professional bodies. My views are factual whether any one agree to it or not. If any one is hurt with my posting, which is based on rich experience, kindly ignore it.
2. This reply is repeated three times hence deleted two please.