CA Practise Vs Job???

sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 12 June 2007

EVERY option has there own limitation.A CA in practise can explore his depth knowledge for clients sake & get high self satisfaction & extremely rewarding career.A practising ca also play vital role regarding authentication .But there is also some limitation for example ca can't use his/her other skills here becouse practising area of cas are limited mainly in tax, auditing,accounting,business advising.SO if any ca wants to do equity research,finance management, or if anybody want to use latest software or financial programming he/she can not get it through practise.In uk cas now becoming investmsnt banker which is a new field.As there are many avenues coming in the market, new cas should not stick to practise ,rather they should work in industry, acquire high knowledge in IT,INVESTMENT,MANAGEMENT & OTHER new fields and they should convert themselves as domain expert and after that they may start practise or any other business.And side by side they should also involve in teaching,becouse our country really need good teachers.

CA Nikita (Chartered Accountant) (4158 Points)
Replied 13 June 2007

But the institute also provides certain courses post CA degrees which can help them enhance their skills in the unchartered territories and then just apply this knowledge in their practice may be by providing such services to their clients... i guess there's nothing a CA can't do only what is required in adequate knowledge...Do u Agree???

1 Like

The One (379 Points)
Replied 13 June 2007

Job - since I have selected that option :) Well it depends on your situation - practice is a high risk-return area - investments are required in infrastructure and importantly time ie a gestation period. If you are risk averse job is the answer.

1 Like

sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 13 June 2007

hi friends, ya iam agree with nikita that a CA can do enything, but in my opinion practise area is limited not becouse cas capabilities but for restrictions & financial constraints.FOR an example if u want to get a mnc/big company as a client u need two things , a huge infrastructure and industry experience.As a new ca how can u finance this infrastructure.And now in the era of globalisation competitors from abroad is also coming.So in my view cas need more industry exposure at initial stage.I am not against practise but it is true that if u dont have proper experience & capital funds then it will be very risky for practise.And i also want to highlight one thing that ca can also start other business like investment consultancy,outsoursing firm,so in my view cas should join industry first, and when he/she has adequate money and industry experience then he/she can start any business becouse as nikita stated ca is a complete person.

thirumalai (icwai students) (58 Points)
Replied 14 June 2007

EVERY option has there own limitation.A CA in practise can explore his depth knowledge for clients sake & get high self satisfaction & extremely rewarding career.A practising ca also play vital role regarding authentication .But there is also some limitation for example ca can't use his/her other skills here becouse practising area of cas are limited mainly in tax, auditing,accounting,business advising.SO if any ca wants to do equity research,finance management, or if anybody want to use latest software or financial programming he/she can not get it through practise.In uk cas now becoming investmsnt banker which is a new field.As there are many avenues coming in the market, new cas should not stick to practise ,rather they should work in industry, acquire high knowledge in IT,INVESTMENT,MANAGEMENT & OTHER new fields and they should convert themselves as domain expert and after that they may start practise or any other business.And side by side they should also involve in teaching,becouse our country really need good teachers.

Pooja Dubey (Self-Employed) (46 Points)
Replied 05 July 2007

practise is better than job.....since am doing it am telling u....intially it is a struggle but latter on u feel satisfied....

kshitija (ca) (135 Points)
Replied 02 August 2007

hi pooja can u advise me on setting up practice

Vijay Patnaik (Management Consulting) (287 Points)
Replied 26 September 2007

CA or CFA or CFO jobs in NEPAL Wanted experienced CAs at various levels, with minimum 2-3 years of post CA experience in Auditing, &/or Financial Accounting, &/or Financial Management &/or, FEMA/GATT/WTO, etc., Positions are based in Kathmandu, Nepal. Excellent package, and liberal perks. Apply by email CA @ careersearch.org or Call +919825083474 [This requirement has been put up to maximise the number of interested candidates]

Ankur Tayal (Chartered Accountant) (33 Points)
Replied 26 September 2007

I have qulified in Nov 2004 attempt. Presently working with ICICI Bank. Now planning to switch over to Practice. Please advice.

Shabbir (Chartered Accountant) (41 Points)
Replied 17 October 2007

in my view practice is better, since you get satisfaction for what you do, freedom and moreover nowadays there are lot of oppurtunities in practice area also

Shashwat Shekhar (Assistant Manager) (3528 Points)
Replied 18 October 2007

both r good. it really depends on individual's perception

CA,CS Kumar (Head Accounts & Finance) (171 Points)
Replied 30 January 2019

Both are good. do what u love, love what u do. BUT Now a days Jobs are more good option as per me because over long run government is pushing on everything simplified, technology up gradation, automation, digitization and all which will decrease need of CA's interfere and its working areas will decrease will decrease in fees receipts. On the other side in Job ur skills and experience will keep on increasing with no limit and which will appreciate your value continuously.