Pls reply urgently seek advice on ca studies
This query is : Resolved
22 November 2014
Hi all.
I am sameer B Com with 4.5 yrs experience in accounts. After Graduation I want to do CA studies. But less confidence & no support from home I moved to job . But not happy with job profile as i used to do get only data entry job like payment & some booking entry only. I never get experience of statutory payment , finalization as i am junior & politics in the ofice.But i have interest in that , & without this knwoledge of finalization & statutary payment I doesn/t find any good future.
By the time I started CPT study & clear the same in Dec/11 attempt.I decide to do fullfledge studdy of further study by leaving job & decide it against family.
I know whatever deciesion u take u have to justify it. And start study without classes.But i could not even cleared any group or even single subject in last 2.5 yrs & i ruined my life.I had to select direct scheme but ihavenot chose it because i was confident till this nov attempt that i must clear ot n move for aticleship with atleast good pay somehow n I can fully grasp knowledge of accounts
& taxation experience.
I still want to compete study but situation are going to be worst . I am turning 29 by Jan & father also going to retire in mid of 2016.As a single child after sister marriage I have to take further family responsibility as i from middle class family .But if i now go for job i will get lesser pay.
So. PLEASE ADVICE WHETHER I GO FOR DIRECT SCHEME & COMPLETE IT OR GO FOR 1YR ARTICLESHIP N GO FOR ATC CERTICATE OR
LEFT CA STUDIES GO FOR SOME PART TIME COURSES with JOB ?
I am eagerly waiting for your advice.I know I have suck my life , feeling like big looser. And please if u r suggesting me part time courses. Please provide them proper details.
PLEASE HELP ME I DONT WANT TO BE LOOSER IN LIFE.
I am sameer B Com with 4.5 yrs experience in accounts. After Graduation I want to do CA studies. But less confidence & no support from home I moved to job . But not happy with job profile as i used to do get only data entry job like payment & some booking entry only. I never get experience of statutory payment , finalization as i am junior & politics in the ofice.But i have interest in that , & without this knwoledge of finalization & statutary payment I doesn/t find any good future.
By the time I started CPT study & clear the same in Dec/11 attempt.I decide to do fullfledge studdy of further study by leaving job & decide it against family.
I know whatever deciesion u take u have to justify it. And start study without classes.But i could not even cleared any group or even single subject in last 2.5 yrs & i ruined my life.I had to select direct scheme but ihavenot chose it because i was confident till this nov attempt that i must clear ot n move for aticleship with atleast good pay somehow n I can fully grasp knowledge of accounts
& taxation experience.
I still want to compete study but situation are going to be worst . I am turning 29 by Jan & father also going to retire in mid of 2016.As a single child after sister marriage I have to take further family responsibility as i from middle class family .But if i now go for job i will get lesser pay.
So. PLEASE ADVICE WHETHER I GO FOR DIRECT SCHEME & COMPLETE IT OR GO FOR 1YR ARTICLESHIP N GO FOR ATC CERTICATE OR
LEFT CA STUDIES GO FOR SOME PART TIME COURSES with JOB ?
I am eagerly waiting for your advice.I know I have suck my life , feeling like big looser. And please if u r suggesting me part time courses. Please provide them proper details.
PLEASE HELP ME I DONT WANT TO BE LOOSER IN LIFE.
26 November 2014
Hi all please reply on my query. I am eagerly waiting for suggestions.
10 August 2024
I understand your situation is challenging and stressful. Let's break down your options and provide some clarity on how you might move forward:
### **1. Direct Entry Scheme vs. Articleship**
**Direct Entry Scheme:**
- **Duration and Structure:** Under the Direct Entry Scheme, after completing your CPT, you would need to clear the IPCC exams and then complete a 2.5-year articleship. This scheme might allow you to focus more on studies and gain practical experience over a structured period.
- **Advantages:**
- More structured approach.
- Opportunity to gain a deeper understanding of CA subjects.
- Articleship provides hands-on experience in accounting and taxation.
- **Challenges:**
- Requires a commitment of time and effort.
- Financial strain as you will likely need to manage your own expenses without a steady income.
**Articleship (Under Old Scheme):**
- **Duration:** Typically involves a 3-year period during which you gain practical experience while also studying for the CA exams.
- **Advantages:**
- Practical experience in a professional setting.
- Exposure to various aspects of accounting, taxation, and finalization.
- Income from working during articleship.
- **Challenges:**
- Balancing work with studies can be demanding.
- If not in a supportive environment, it can be challenging to gain the experience needed.
### **2. Choosing Between Full-time CA Study or Part-time Courses**
**Full-time CA Study:**
- **Pros:**
- Complete focus on CA studies.
- Structured learning and support from coaching classes.
- **Cons:**
- Financial strain.
- Potential lack of income and career progression.
**Part-time Courses with Job:**
- **Options:**
- **Certification Courses:** Consider certification courses in accounting, taxation, or financial analysis, such as those offered by professional bodies or online platforms.
- **Diplomas:** Short-term diplomas in accounting or financial management can be pursued part-time.
- **Online Courses:** Websites like Coursera, Udemy, or LinkedIn Learning offer courses in accounting and finance that can be taken alongside a job.
- **Pros:**
- Maintains a steady income.
- Practical experience while studying.
- **Cons:**
- May not provide the same depth of knowledge as full-time CA study.
- Balancing work and study can be challenging.
### **3. Recommendations Based on Your Situation**
**1. Evaluate Your Commitment and Resources:**
- **Assess Financial Stability:** Can you afford to study full-time without income support? Consider your family’s financial situation and your long-term career goals.
- **Evaluate Time Commitment:** Do you have the time and dedication to complete CA studies alongside any other commitments?
**2. Consider Hybrid Approaches:**
- **Part-time CA Study:** Look for part-time or evening classes for CA if you decide to continue working.
- **Combination of Courses:** Combine part-time work with short-term courses in areas of interest to build skills and enhance your resume.
**3. Career Options Beyond CA:**
- **Accounting Certifications:** If CA seems challenging, other certifications like CMA (Certified Management Accountant) or CPA (Certified Public Accountant) might be alternatives.
- **Other Professional Courses:** Courses in financial planning, investment analysis, or business management could also be beneficial.
**4. Seek Professional Guidance:**
- **Career Counseling:** Speak with a career counselor or mentor to get personalized advice based on your skills, interests, and financial situation.
- **Networking:** Connect with professionals in your field to understand different career paths and opportunities.
### **Conclusion**
You are not a "loser" for facing challenges; it's a part of the journey. Make a decision based on your current situation, financial capability, and long-term goals. If pursuing CA is still your passion, a structured approach with a balance between work and study might work best. If not, there are many other career paths and professional courses that can lead to fulfilling careers.
Taking a pragmatic approach and seeking professional advice will help you make an informed decision.
### **1. Direct Entry Scheme vs. Articleship**
**Direct Entry Scheme:**
- **Duration and Structure:** Under the Direct Entry Scheme, after completing your CPT, you would need to clear the IPCC exams and then complete a 2.5-year articleship. This scheme might allow you to focus more on studies and gain practical experience over a structured period.
- **Advantages:**
- More structured approach.
- Opportunity to gain a deeper understanding of CA subjects.
- Articleship provides hands-on experience in accounting and taxation.
- **Challenges:**
- Requires a commitment of time and effort.
- Financial strain as you will likely need to manage your own expenses without a steady income.
**Articleship (Under Old Scheme):**
- **Duration:** Typically involves a 3-year period during which you gain practical experience while also studying for the CA exams.
- **Advantages:**
- Practical experience in a professional setting.
- Exposure to various aspects of accounting, taxation, and finalization.
- Income from working during articleship.
- **Challenges:**
- Balancing work with studies can be demanding.
- If not in a supportive environment, it can be challenging to gain the experience needed.
### **2. Choosing Between Full-time CA Study or Part-time Courses**
**Full-time CA Study:**
- **Pros:**
- Complete focus on CA studies.
- Structured learning and support from coaching classes.
- **Cons:**
- Financial strain.
- Potential lack of income and career progression.
**Part-time Courses with Job:**
- **Options:**
- **Certification Courses:** Consider certification courses in accounting, taxation, or financial analysis, such as those offered by professional bodies or online platforms.
- **Diplomas:** Short-term diplomas in accounting or financial management can be pursued part-time.
- **Online Courses:** Websites like Coursera, Udemy, or LinkedIn Learning offer courses in accounting and finance that can be taken alongside a job.
- **Pros:**
- Maintains a steady income.
- Practical experience while studying.
- **Cons:**
- May not provide the same depth of knowledge as full-time CA study.
- Balancing work and study can be challenging.
### **3. Recommendations Based on Your Situation**
**1. Evaluate Your Commitment and Resources:**
- **Assess Financial Stability:** Can you afford to study full-time without income support? Consider your family’s financial situation and your long-term career goals.
- **Evaluate Time Commitment:** Do you have the time and dedication to complete CA studies alongside any other commitments?
**2. Consider Hybrid Approaches:**
- **Part-time CA Study:** Look for part-time or evening classes for CA if you decide to continue working.
- **Combination of Courses:** Combine part-time work with short-term courses in areas of interest to build skills and enhance your resume.
**3. Career Options Beyond CA:**
- **Accounting Certifications:** If CA seems challenging, other certifications like CMA (Certified Management Accountant) or CPA (Certified Public Accountant) might be alternatives.
- **Other Professional Courses:** Courses in financial planning, investment analysis, or business management could also be beneficial.
**4. Seek Professional Guidance:**
- **Career Counseling:** Speak with a career counselor or mentor to get personalized advice based on your skills, interests, and financial situation.
- **Networking:** Connect with professionals in your field to understand different career paths and opportunities.
### **Conclusion**
You are not a "loser" for facing challenges; it's a part of the journey. Make a decision based on your current situation, financial capability, and long-term goals. If pursuing CA is still your passion, a structured approach with a balance between work and study might work best. If not, there are many other career paths and professional courses that can lead to fulfilling careers.
Taking a pragmatic approach and seeking professional advice will help you make an informed decision.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- SEC 54 OF IT ACT
- Form 26QB for TDS on property
- Regarding Form 15CA & CB
- Partnership Business Can start India (two partners one is Indian and OCI both are wife and Husband)
- Residential status for filling income tax returns in India
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Payable outstanding for years disallowance
- Capital gain consideration
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
