Mayur Arora
(CA Final)
(295 Points)
Replied 10 September 2010
Professionals are required to be 100% CORRECT in their work that's why they are called PROFESSIONALS
CA Suneel Kumar Yadav
(Manager Credit)
(125 Points)
Replied 10 September 2010
Originally posted by : CA SURENDRA KUMAR RAKHECHA | ||
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Originally posted by : sivaram There is a humour which I will share If a Doctor Gives a Treatment for Right leg instead of left leg he is out If an Engineer Raises Wall in the South instead of North he is out But Accountants have privilege even if he passes Wrong entry there is achance for him to rectify the entry Hope You would have enjoyed Not only humour but inspiring as well. And this is the reason CA students try hard to correct their mistakes ( without knowing which are the mistakes ) to qualify. But ultimately they correct and people see how they got success ! |
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its true
SHWETA GERA
(Financial Services)
(938 Points)
Replied 10 September 2010
Nice posting
Originally posted by : Mayur Arora | ||
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Professionals are required to be 100% CORRECT in their work that's why they are called PROFESSIONALS |
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but i think its not possible everytime
AMITA KOCHER
(ASSISTANT MANAGER - FINANCE)
(282 Points)
Replied 10 September 2010
YES, EVEN I THINK THAT ACCOUNTANTS NEED TO BE EXTREMELY PRECISE IN THEIR WORK.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 10 September 2010
Originally posted by : Surendra Kumar | ||
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Sir, may i know what would be the treatment to give marks of the answer having one wrong entry out of 15 entries.????? sir reply plz... |
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In CA, marks are predetermined according to the steps covered by the students. So don't worry about correct answer only. Whenever you read practical subjects and solve sums; try to understand the steps. Not only you will find it easy to solve more sums but your speed will also increase to a great extent.
NAMAN
(CA, EY)
(55 Points)
Replied 10 September 2010
Vineet Sindhwani
(Student)
(30 Points)
Replied 10 September 2010
Originally posted by : CA SURENDRA KUMAR RAKHECHA Dear Sir, Although what u r talking about is true to a great extent,
but i would like to know why CA aspirants being taught MICS(ISCA) so rigourously, where it is not at all relevant to this great extent. We are being taught for what we are not for though we need to have working knowledge of it. And why the most Crucial subject i.e. Economics which is so much required for a CA to be true analytical person is being missing from course, this is the reason why we are rarely being considered as at true analyst, and most of the industry still see us as Accountant.
Regards, Vineet Sindhwani |
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A single mistake of an Accountant is not acceptable. He cannot make excuses to pass wrong entries. He cannot say I have passed 99% entries correctly and only 1% entries are wrongly passed. The students who are happy to score 70-80 plus marks in A c c o u n t a n c y in CA examinations are required to rethink about their performance. |
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CA Mukul Jain
(Business)
(124 Points)
Replied 11 September 2010
Hardik Dave
(IPCC and CS Professional(FINAL) Student)
(15533 Points)
Replied 11 September 2010
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 11 September 2010
Originally posted by : NAMAN | ||
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I Disagree Sir. There is reasonable difference btwn an Examination Mistake and an Professional Mistake............. Merely 2-3 ppl in history of CA Course wd have got 100 in Accounts. DT, IDT .........This doesnt mean that others are not good in there respective fields..... In an exam a student hav no sources of Discussion, Research or Conclusive Evidence over an topic while an professional do have....... Thanks........ |
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First of all I appreciate your critical comment.
CA course seeks to develop concepts and inherent knowledge about the subjects. Only completion of syllabus will not guarantee the success. This is one of point which makes it unique. You may have noticed that an average student passes CA earlier than an established brilliant student (brilliant here means - according to past marks scored).
Please read carefully again what I have written above.
Many CA students could not understand what are concepts. They adopt Trial and Error Method to pass CA. They try more and make more errors than before. This takes 3-4 years. By that time there may be tremendous development in accounting field due to certain changes in business pattern. For example; recent introduction of IFRS.
The same problem is faced by some qualified CAs who don't update themselves regularly. 4 years ago; one Mr. Sipani (I don't wish to disclose his name fully) met me who wished to start his practice in Surat because he told that Kolkatta is not good for practice. His age was 46 then. I asked him - It means all the practising CA firms at Kolkatta are deciding to switch to another cities (or you are the best decision maker among them) ? He could not face the question. The matter was discussed and ultimately he went back to Kolkatta.
Either make someone Guru and be humble to your boss. Specially in middle and small practising CA firms; most of CA students don't have courtesy towards his boss (fear is another thing). A practising CA has to perform his duties in very tough circumstances and tight schedules. He has to discuss with the clients to guide them and has to make proper liaison with outside departments also. If you can snatch his 10 minutes in a day by whatever means; it would guide you a lot. For that you should show your eagerness at the time of training i.e. performing your duties. Unfortunately most of them treat the training as slavery.
Now I ask ( reply honestly to yourself ) -
1. Have you yourself tried to analyze the balance sheets which came from the clients and thenafter finalized by your boss ? Could you point out what are the differences between the two balance sheets - one shown by the client and second finalized by the boss ?
2. Have you carefully seen who are the major clients of your CA firm and tried to see which types of dicussions are required to solve their problems ?
3. Have you carefully seen which types of books are there in the office of CA which you see not relevant for your studies ?
4. Have you carefully read an Annual Report of a company and noted down which sections are practically important to write there.
and add some more questions yourself ...................
5. You should be crazy to refer as many professional journals, business magazines and other relevant materials.
6. Have you visited to a bookseller to know which new books relevant to profession have been launched recently ?
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 11 September 2010
Originally posted by : SHWETA GERA | ||
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Nice posting Originally posted by : Mayur Arora Professionals are required to be 100% CORRECT in their work that's why they are called PROFESSIONALS but i think its not possible everytime |
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First of all; I appreciate your participation and comment.
The purpose of the post is to upgrade the performance of students with a new look.
Everytime, 100% would not be possible, I agree. OK ?
But shouldn't we try to achive 100% ?
Can you imagine what would happen if you scores 100% (even 90%) in a subject of CA ?
(You would have a very unique career in your hands).
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 11 September 2010
Originally posted by : sucheta | ||
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very true sir, we students appreciate this thread but plz sir do guide us on our mistakes so that we can give our 100% in exams and as well as can improve our knowledge as regards accountancy |
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Many many thanks for this raising this question. This much eagerness is required from all CA students. At least one cute girl has asked this question.
Let me discuss something why I raised the issue. Some students might have thought that I have put an attractive heading to persuade more students to refer this thread. This I conclude : Because out of 2000 plus stroke on the thread; very few have commented on the issue. For rest of them; it was just reading a quote.
Please refer the following :
1. Recent results show that 80% Students couldn't score 50 in CA Final.
What should we conclude ? Paper was tough or performance was poor ? Should we happy to score high when paper is so simple ?
2. All the financial information comes in the grip of Accountancy.
Suppose a land has been acquired by the company at Singur.
What an Accountant should do ?
Pass a journal entry towards it and take that his job is over ?
If yes, really he is an Accountant, but not a Chartered Accountant.
Suppose now a CA finalizes a balance sheet which is required to show as under :
Authorized Capital 500 Cr.
Issued, Subscribed & Paid Up Capital 30 Cr.
What would you conclude when this is being shown since last 5 years ?
( Certainly the Management People are not in a position to perform what they thought at the beginning of the business).
This type of analysis can never be expected from a person other than a chartered accountant !
Now I come to the basic question raised :
1. Try to understand theory part and its practical application on the examples given in the book.
2. Put some imaginary simple figures while reading theory part and try to solve. If not understood well; take help of examples.
Further; refer at least 10 published Annual Report of Listed Companies to have a full grip on practical application of accounting standards.
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 11 September 2010
Very Very Very True Sir.........
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