Practising CA at Surat
26263 Points
Joined November 2009
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Originally posted by : Shekhar |
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Hi,
Cost & FM paper of this paper contained more than 70 marks from FM. However, institute clearly divides the marks as 50:50 between Cost & FM. Cannot this matter be taken to institute. |
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The ideology of the Institute is; never believe on anyone till you verify yourself.
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While conducing audit of a client's accounts; if the client says it is all OK; no need to check, you may just sign your audit report. Can you believe on his words ?
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I ask a very basic question :
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For what purpose the Institute has included particular topics ? Do you find somewhere the Institute has written : You can easily skip over some of the syllabus. The answer is No. Hence the option is not available to you to skip over some part of the syllabus.
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The reason is when you would be a qualified CA, then it is expected from you that you know at least something about the matter which was covered in your syllabus. I warn here; that something is not fit to be a successful practising chartered accountant.
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For example; while studying Accountancy; you left the chapter Hire Purchase. By scoring 55 or so; you passed CA Final (anyhow - say by Good Luck).
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Now you wish to start your own practice.
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The very first client which you meet; is a person who provide finance to the cars.
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Can you say him : Since I don't know what is the accounting system of Hire Purchase; hence I am not able to handle your case.
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And if you take his case; definitely you have to study HIRE PURCHASE ACCOUNTING now !
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So it is better alternative before you to study it now. Otherwise the option is to leave the client.
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Decide now : Which option is better ?
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To leave Hire Purchase Accountancy or the Client !
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Of course, you can't leave anyone.
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If you think; you are not interested to be a practising CA because you want to serve some reputed companies.
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Suppose; you get offer from BAJAJ AUTO FINANCE.
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I repeat the same question which I raised earlier.
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Now, tell me what is your answer ?