preparing CA with I.C.S(upsc)

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(Guest)
@ lazyashok U belive or not Engineering candidates have more IQ level than CA. pl see last 10 years question in IAS main Accounts paper. marginal costing/decision making/standard costing etc. CA candidates, level of IQ are far less than ICWA/CFA/BE/B.TECH candidates in IAS exam.

sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 21 June 2007

Hi chandan punjabi,just tell me any one question of I.A.S costing/a/c which is not in icai syllabus.ICWA with B.E degree is definitely plus point in I.A.S becouse they can choose two scoring paper at a time.BUT ca degree is enough for i.a.s exam.i am doing my pe2 and i can answer more than60% of ias commerce paper,so a ca final pass student can answer100% .ASper latest pshycology analysis I.Q is not considered any persons intelligent measurement level. its E.Q LEVEL WHICH can determine one's intelligence level.CA is one of toughest exam in this world.IN context of gk ,its depend on person to person.any BCOM can beat BE/CA in g.k.BUT in any commerce paper in any exam any profession can not beat cas.FOR your kind information 7000 BE/B.TECH students doing CA.great I.Q HA.

(Guest)
@ Sudipto sen 1) IQ or EQ, Engineer are best. 2) Commerce subjects means not only for Financial A/c, Financial audit, Direct Taxes. it covers subjects like Quantiative methods/ Strategic Management/ project or Operation management etc. In CA syllabus, these subjects are totally absent. at present best accounting/ financial course in India are CFA from ICFAI /ICWA. these course covers all modern subjects. recently ICAI has copied strategic management paper in CA syllabus from ICWA/ ICFAI. 3)Engineer Enrolment to ICWA/ICFA course are more than ICA. ICWA/ICFAI provides total overview of commerce subjects i.e Total solution provider.

Andhrudu ( ) (134 Points)
Replied 22 June 2007

@ chandan punjabi LOL !!!!. its very funny that you are comparing CA with ICWA AND CFA OF ICFAI. its now clear that you do not know anything about CA and commerce field. 1.whats great if engineer enrolement is more in ICWAI AND ICFAI. there is no 3 yrs articleship restriction in ICWAI and ICFAI to write FINAL exam. but you must do articleship to write CA final. obviously engineers and others do not want to waste their 3 years in articleship and passing CWA AND CFA OF ICFAI is easy when compared to CA. thats the reason for their enrollment in those courses. 2. do you know this ICAI was established in 1940s and ICWAI in 1950s. there is no need for ICAI to copy from others. quantitave methods are covered in PE1 itself in mathematics and statistics. and project management is there in MAFA. like this all topics are there in CA curriculum, just names are different. as you do not know anything about CA you do not know these things. 3. if ICAI is copying all these things why CA campus salaries are so high. highest is 38 lakhs and average is 6 lakhs. NO IITian got this much as per my knowledge. and CWA cant imagine that figure. RECRUITERS ARE NOT FOOLS!!! 4. coming to IQ and EQ... after reading all these if you are still with ur arguments that engineers are best in IQ and EQ. no body in this world can cure your mental disease (you can consult an engg or CWA) IQ and EQ doesnt depend on course. it depends on person. lakhs of engineers are coming out of colleges every year and many of them are failing to get good job. and maximum number of engineers are doing software jobs after studying chemical, civil, electrical engineering. thats the position of engineering in this country today. they are reluctant to do core jobs. and they are doing these finance courses to shift their career to finance field thats the potentital and charmness in this field. and w/o any doubt CA is the king of finance qualifications in INDIA, you agree or dont agree nobody cares! and am not speaking against to engineering. every field has its own beauty. some blind people like you cant recognise it. OPEN YOUR EYES......

(Guest)
1) Articleship in CA Course is not a great thing. Articleship is like a subsidy provided by ICAI to practoising members of ICA. In articleship period, candidates only learn Vouching not any other great thing. after Passing ICWA, there is also 3 years training period. CA passing rate is at present 30 percent as compared to 6 percent in ICWAI and 8 percent to ICFAI. so CA is too easy as compared to ICWA and ICFAI. 2) Lower level mathematics paper only exist in CA foundation level. no modern paper is exist i.e Strategic management(Recently copied from ICWA/ICFA). Delhi court judgement case - ICFAI Vs ICAI on CFA charter. totally lost ICAI image. 3) Fool man!!!!!! Dont think to compare ICA with an IIT an. u will be follish!!!!!! . IITan are national asset. dont compare with to Bookish knowledge to a IIT guy. 3) Olam International has paid Rs 38 lakhs to A CA. after 1 week, OLAM has recruited 1 ICWA(Inter) as Asst manager with a salary of Rs 20 Lakhs. Imagine the person Mangesh Bobde , ICWA Inter. In OLAM International Mr Bikas prasad ( AICWA) is agroup financial controlller. so, ICWA are also getting high salary at Olam International. if u want the information about ICWA at OLAM International, i can send u.


sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 24 June 2007

HI chandan, i dont know why u r giving this kind of opinions.Frist thing is that 30% is not the standard pass rate of icai.Only the year 2006 pass rate become such high, i.e why icai gave press release about this pass rate . and stated as excellence.If u go through results from 1980 to 2004 the average pass rate was 8 to10 percent.2ND thing is that if u consider placement reports icwas average starting salary is 2lac p.a where for cas its 4.5lac p.a.dont take the topers salary becouse they are far ahead than standard.IN context of practise just go to any bank with icwa degree and ask for a loan to open a costing firm,most of the banks will not finance u as per your requirements, becuse success rate of c.w.a firms are low where if u opt for a ca firms loan they will finance u (as per allahabad bank,u.b.i,s.b.i,corporation bank data).if u go to icwai website there is no placement report till 2006.3RD thing is course structure _ just go to through syllabus of icai and questions of ca final u will find only 2 papers in cwa which is not in ca course. IF u want to compare ca with engineers i can say that one is science based course and one is commerce based course.one is improvise to work in finance sector and other is to become technocrat.so how can we compare two course?BUT if u only compare placement reports then i can tell u icai placement report is only comparable with I.IT/N.IT S.if u go through any university curriculam then u will find direct entry aproval for cas in phd programme not for BE/BTECH becouse they are graduate courses. IN context of icai vrs icfai case verdict = this is not a verdict against practising cas but it is against icai. now if u go through faculty list of icfai 50% of their faculties are cas.and if u analyse the placement record of cfas the students who is getting above 8lac pa are not only cfas they are either BTECH/MTECH/ICWA/PHD/CAIIB.SO I WILL NOT COUNT THEM AS ONLY CFAS,but if u go through icai u will find70% of fresh cas are only graduates with no experience but they are getting above 5lac p.a.so my freind please dont compare cas with any other degrees.

(Guest)
First, ur report is baseless. ICWA average salary is 4-4.5 Lakhs as fresh ICWA. go to the report of Economiuc times- ICWA is in more demand now. last year ICWA- SIRC had organised for campus interview and most of MNC haf attended with average salary of 4.5 lakhs. 2) ICWA is directly eligible to get PHD at Various university. go ICWAI web site and various web site u will get information. 3) Present ICA passing rate is 30 percent. go to ur bangal paper- The Telegraph, ur ICA EIRC Ex secretary Mr Abhijit Bandhopadhay is giving statement that ICA passing rate at present at 30 percent. 4) do not throw Fake information that bank is not giving loan for CWA. come Pune/ Mumbai/ Delhi Chennai/ Bangalore etc. do not try to compare wirh Bangal. Bangal is full of sick manufacturing industry. ICWA practice - Industrial belt. Go to Asansol/ Durgapur/ Raniganj at Eastern coalfield and see more ICWA are getting high package.

sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 27 June 2007

HI CHANDAN first of all the information i stated is not from last year or this year.I wanted to give u an average pic of last 5-6years.ya last year average package is high for I.C.W.A.But plz go to campus interview report of i.c.w.a from the year 2001 to 2004.I never told that I.C.W.A can not go for phd.I told this for BE/BTECHS.I searhed all ICAI websites regarding pass rate of ca course.I searched it from 1975to 2006.only last year pass rate was 29%.instead of following local news paper i prefer to follow icai search engines and google.i never stated that icwa can not get a bank loan,i stated that as per your requirements it is tough to get a bank loan.I never told any bad word for any profession.I THINK I am not in a proper standard to criticise any profession i can only share my logic and datas.and eager to know others logics.

(Guest)
guyz its waste of time arguing with this type of people. leave him (chandan punjabi) alone. mental patients need lonelyness. chandan, you better go to engineerclubindia, caclubindia is not for you.

(Guest)
@ sudipto, ICWA has taken campus placement initiative from the year 2005. before that campus initiative happed for only rank holder. from 2005. 2) there is no tough for ICWA to get bank loan. for taking bank loan one have to submit good project report. now ICWA are also eligible for VAT auditfor many state. it is easy to get bank loan for ICWA practitioners. 3) BE/BTech qualification from India is more recognised outside India also. see GRE report. most of the engineers outflow from India.


sudipto sen (CA IPCC STUDENT) (160 Points)
Replied 01 July 2007

chandan, you are right to some extent i.e BE/BTECHS are doing very good in GRE/GMAT/CAT/I.AS etc.and there outflow is higher than CA.But i want to point out something.pls read that 1] EVERY YEAR INDIA PRODUCE MORE THAN 3LAC ENGINEERS,ON THE CONTRARY ICAI PRODUCED 1.4LAC CA DURING THE LAST 55 YEARS.SO IF U CONSIDER NUMBERS IN EVERY FIELD YOU WILL GET MORE ENGINEERS THAN CAS. 2]CA IS NOT RECOGNISED IN ABROAD NOT BECOUSE OF QUALITY, BUT TAXLAWS,CORPORATE LAWS,FINANCIAL REGULATIONS ARE DIFFERENT IN EVERY COUNTRY.EVEN SOMEBODY GET 90% IN TAX PAPER IN CA EXAM HE WILL NOT GET ANY KNOWLEDGE OF USA TAX LAWS.BUT COMPUTER/MECHANICAL/ELECTRONICS STANDARD ARE SAME IN THE WORLD,I.E WHY OUTFLOW OF ENGINEERS ARE VERY HIGH. 3]AVERAGE AGE GROUP OF BE/BTECH PASS STUDENT IS 22-23.BUT AVERAGE AGE FOR CA IS 27-29.EARLY AGE MEANS MORE TIME FOR PREPARATION .FOR AN EXAMPLE IF ANY ENGINEER WANT TO APPEAR I.A.S EXAM HE/SHE WILL GET 6-7YEARS IN HAND FOR PREPARATION.BUT CA ONLY GET 2YEARS FOR PREPARATION. 4]GRE/GMAT IS ENTRANCE EXAM FOR MASTER DEGREE IN FOREIGN UNIVERSITIES.BUT IF YOU TAKE CPA/CMA/CIA EXAMS CAS SUCCESS RATE IS GOOD DURING THE LAST DECADE. 5]PLS COLLECT DATAS FROM LSE,HARVARD.IN THE YEAR 2003 75CAS APPLIED TO LSE,AND 24GOT CHANCE IN LSE.LAST YEAR 10CAS APPLIED TO HARVARD BUSINESS SCHOOL 4STUDENT GOT CHANCE.I THINK IF 100% CA CAN COMPLETE CA DEGREE WITHIN 25, THEN RESULTS FOR GMAT/I.AS/CPA/ WILL INCREASE FOR CAS. 6]PLS COLLECT ONE DATA _ HOW MANY ENGINEERS APPEARED IN I.AS/CAT/GRE/GMAT AND HOW MANY OF THEM CLEARED THAT DURING THE LAST ONE DECADE.THEN PLS INFORM ME THE PERCENTAGE. LAST THING I HAVE COLLECTED BANKS DATA ONLY FROM WESTBENGAL,SO MAY BE YOU ARE RIGHT.

(Guest)
@ Sudipto, sorry for late answer. i was busy. i am just sharing you some information which will be indicated that demand for engineers are far far greater than your CA degree. if u want source of information, i can tell u. 1)The country would have a shortage of over 5 lakh doctors and engineers each and thousands of pilots by 2012, according to a study by the chamber. Presently, there are 5.91 lakh doctors and only 22,000 (at best) would be added to this number annually taking the total to about 7 lakh by 2012, against an estimated requirement of over 12 lakh, the survey said. 2)The information technology industry requires over 3.5 lakh engineers per year, against the availability of just 1.5 lakh engineers. The total shortfall would be over 5 lakh by 2012.

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

chandan, i know the demand of doctors ,engineer is higher than ca.but pls think one thing- we are in a country of 1billion population.everybody need doctors for illness.even the poorest man of this country need doctors. And engineers support the technical infrastructure of a country.even if u want to build rural infrastructure i.e roads,towers u need engineers. so its very normal that every country need 10times more doctors and engineers than ca.but how can u measure the quality of any profession only by demand data.INDIAneed 10lac ordinery graduates each year for retail sectors so ie graduates are higher standard than doctors?i know thats not.ca/cwa/cs are restrictwed only in finance sector.so 90% of our population dont require ca.ie why number of ca added each year is 7000 to8000 as compare to 25000 doctors and 3lacs engineers.

(Guest)
Hi, I am Akshay Gokhale, Student of ICWA - Final. Sir, I want to know about overall scope about ICWA in the MNC. Sir, please reply me. Thanks to you. Yours Truely, Akshay Gokhale.


(Guest)
I am the student of ICWA Final. After 6 months, I will be a CWA. Is ICWA + CFA combination better or CWA + MBA combination is better one ? Can I start to study CFA, in current year?


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