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1 anybody pls help me out on Thu 14 Jul 2011 - 20:10

rak


i always aspired to become a c.s.i have heard that there's a huge difference in salary paid to a c.a and c.s.so due to salary conatraint i am switching on to c.a.i am really confused as to whether i have to go ahead with cs or ca. pls help me out!

2 Re: anybody pls help me out on Thu 14 Jul 2011 - 21:18

praveen999


CSoC Master
CSoC Master
hi i have mentioned about ca.will mentioned about cs as early as possible...



Last edited by praveen999 on Thu 14 Jul 2011 - 21:20; edited 1 time in total

3 Re: anybody pls help me out on Thu 14 Jul 2011 - 21:18

praveen999


CSoC Master
CSoC Master
Chartered Accountant! Sounds so royal and prestigious. This is the magic of these words. Whenever a person introduces one another saying that he/ she is a Chartered Accountant, there is a spark in the eyes of the other person. The name itself carries an honor and respect.

In the era of globalization and liberalization, people are growth oriented. Everyone wants a status symbol. Everyone wants to be rich and famous. All this is achieved with sheer determination and hard work. Being a CA is not a cake walk, there are attempts after attempts, but if you are focused on your goal, you become a proud Chartered Accountant.

It is encouragingly said” HARDWORK ALWAYS PAY”

Why to become a Chartered Accountant? This question has many answers depending upon individual needs and desire.

Some people opt for this profession for getting signing authority, others come for getting a better job in finance sector, some do it because their parents want them to do it or it’s their family business, etc.

Different people have different objectives. In my view, to become a Chartered Accountant is something very different.

The process of being a Chartered Accountant is very difficult. You go through lot of stress and frustration. You listen to people saying that becoming Chartered Accountant is like walking on the bed of burning coals. People also start judging you by saying that, better you don’t opt for this profession as this is not your cup of tea. All these pessimistic people don’t realize that there is no shortcut to success.

There is a beautiful saying which is now my inspiration to move ahead in life. It says “Success depends upon the ability to do better than good enough, one ought to shed the fear of the unknown and have the confidence to take risk, to experiment, to think and act differently and to have belief in oneself.” This phrase was told to me by my teacher, a day before I registered myself for Chartered Accountant course.

There are no shortcuts in life, only sheer determination and hard work is the answer to all problems. There are many positive as well as negative effects in the process of being a Chartered Accountant.

This course helps you to be goal oriented by giving your 100%. You work hard to achieve your target. You get the habit of being updated each and every movement. You become adaptable to any kind of professional issues. Your thirst for knowledge increases day by day. Everyday you learn something new and exciting. The most important positive effect is that you become mentally very strong and can easily handle any issues in life.

Many people jokingly say, “CA’s are very hard core, they are like stone.” I take this comment as a compliment, as in today’s life you need to be tough and strong so that you can fulfill your moral and ethical values which is the main principle of this prestigious profession.

As far as negative effects are concern, I can’t think a single one, as in life everything is a learning experience. You learn from errors and mistakes.

I believe that Chartered Accountant are the one who are very prone to 3 A’s, Adjustments, Amendments and Alterations. These three words make them expert and adaptable to all kinds of situations in personal as well as professional life.

The above advantages are on ones individual personality but, socially the scenario is very enthusiastic and exciting. If you become a Chartered Accountant, people look at you as honest and the most trustworthy person on this planet earth. There is a sense of honor and respect which is felt when a normal human being looks at you. The respect, dignity, honor, that you get being a Chartered Accountant is like feeling as if you are a king.

In a recent ‘Harris Interactive poll of adults in the United States’, accountants have made the most significant gains in the ranks of professionals most trusted by the public with 68%.

The most honorable aspect of this profession is that, the Government of India places 100% reliance on reports and attestations made by Chartered Accountants. That is why, variety of reporting and attestation responsibilities have been bestowed on this profession under various enactments and by the various Government departments. Your one simple signature has so much value, which cannot be measured in any terms.

It makes us feel so proud that without you, as a Chartered Accountant, signing a document is not approved by the higher authorities.

The Indian Chartered Accountants are regarded as a rare combination of knowledge, perseverance and integrity coupled with acumen of analytical skill and the ability to perform and deliver the best under pressure in any critical environment.

A survey conducted by the ‘Bank of New Zealand, Australia’ has revealed that businessman running small to medium sized enterprises are the one who value the advice from Chartered Accountants and mentors the most.

John Ruskin said, “The highest reward for the man’s toil is not what he gets for it, but what he becomes by it”. This course, and the professional experience complimented after it, gives lot of inspiration and motivation to do this course. It creates passion and a sense of responsibility.

This profession has been the catalyst for change in business environment with respect to transparency, investor, confidence, lax laws, corporate governance, etc.

This course is essentially a course of self study, it required disciplined approach with structured systematic and detailed study to dissect the syllabus and feel comfortable with it. You become expert in time management, stress management and balance your life in style.

People of various other professions, always feel that Accountant don’t do anything, they just prepare the debit side and credit side and derive the profit, which they feel anyone can do. Recently, my friend who is already a Chartered Accountant working in a big company said that people feel that the work of an Accountant is unproductive; it does not contribute to the business of an individual. Hearing this, I felt so pity for that person having this kind of mentality.

All the business organization who are earning in millions and trillions, is not because of engineering, it is mainly because of proper financial planning. If funds are utilized in a proper direction, then only companies prosper. Some of the best examples are Konkan Railways, Reliance Power, Aditya Birla, Tata, etc. So, if the finance is not dealt properly, companies would not have progressed so well even if they had all sorts of engineering and technological advancement.

I can proudly say, that if we Chartered Accountants would not have been there, the Indian economy would have collapsed far earlier.

If we compare this profession with other professions, we find that still it is the best profession a person can opt for. It is the cheapest course also.

If you wish to become a doctor, you require huge capital and also lots of intellectual abilities. If you wish to become a lawyer, you should have the ability to debate and also remember lots of stuff which is normally not required in day to day life. If you wish to become a Chartered Accountant, your investment in this course is nominal and also payable by anyone. You are daily in touch with law through taxation and accounts, so you don’t need to mug up things. You are updated daily. You are termed as a ‘business doctor’ as you take care of the individual’s business organization. Here, doing this course, you become an all rounder.

You have knowledge of all the fields because you need to deal with variety of people and also with innumerable organizations. A chartered Accountant is half lawyer, half accountant, half manager, half psychiatrist, as he need to understand human behavior first because he deals with all sought of people.

To become a successful Chartered Accountant, all you need to do is application of your mind in a right direction. Think logically in context with law. Understand the basic fundas of accountancy. Even an average person with these qualities can become a successful Chartered Accountant.

We, as an Accountant, contribute maximum to our Indian Economy, we are the one along with economist, help the Government of India in framing a better policies for ever growing development of India.

So, would you think again, whether to become a Chartered Accountant or not? This course has given me strength, courage, commitment, responsibility, ethics, confidence and very important, means to the realization of my goal which are very close to my heart.

I am proud to say that I am pursuing this course with full enthusiasm and confidence. I respect my profession and would also advice people, that so many qualities, so many advantages, so much improvement in one can be achieved only by becoming a proud Chartered Accountant.

4 Re: anybody pls help me out on Thu 14 Jul 2011 - 21:33

praveen999


CSoC Master
CSoC Master
Dear Members,

I have received the below highlighted para as PM from one of the member having some doubts about CS profession. Kindly observe the questions and my answers to such questions and provide your valuable comments. Hope this post would be off some help for everyone pursuing Company Secretary Course.


Dear Sir, As you are a company secretary by profession, I have a few doubts about the profession, which I hope you could provide answers to. 1) Is LLB a must for CS profession? 2)Does ICSI provide campus placements? If not, how does one find placements 3) Prior to the recession, approx how much was the starting salary for a CS? 4)For functioning effectively as a company secretary, what skills, should one develop during studies? 5) What are the kind of issues that you have to deal on a daily basis? I am asking these questions because I am from a small town where CSs are not there yet. Hope you could help me out at your convenience.. <br> Thanks & Regards


Answer to point No. 1


1) Is LLB a must for CS profession?


LL.B. is a great combination with CS. But we can not say that it is must for a Company Secretary. If you are having LL.B. degree then it would be counted as an additional advantage and you can easily and confidently handle legal work along with secretarial work.




Answer to point No. 2

2) Does ICSI provide campus placements? If not, how does one find placements

Well I am not sure and can’t comment about current ICSI placement policy but as per my previous experience I can suggest one thing for sure – don’t rely on ICSI placement system. Search good 15 months training. If you have good training with good exposure to your name then believe me a good job is waiting for you. Don’t expect much in the beginning and focus on learning the things around.
You may be a very good professional if you have good observation power.




Answer to point No. 3

3) Prior to the recession, approx how much was the starting salary for a CS?

As per my understanding expected salary for a fresher CS is not very encouraging but you can expect a starting salary range from 18,000 to 30,000 in the Delhi NCR region.
Best solution to deal with this scenario is complete your CS as early as possible (in the age of 21-23) and join the industry quickly. Focus on your goal.




Answer to point No. 4

4) For functioning effectively as a company secretary, what skills, should one develop during studies?

For functioning effectively as a company secretary, first and foremost skill required is actual knowledge of your work and confidence. For actual knowledge of your work good coaching, honest study along with good training is very necessary.




Answer to point No. 5

5) What are the kind of issues that you have to deal on a daily basis.

It depends on your job. However in general you have to deal with all kind of secretarial work. Get ready to deal with Registrar of Companies and RD. If you are working with a listed company then you have to deal with stock exchange reporting requirements.




BY
Ankur Garg
Company Secretary and C
ompliance Officer

5 Re: anybody pls help me out on Thu 14 Jul 2011 - 21:46

praveen999


CSoC Master
CSoC Master

Career as a Company Secretary


Career in company Secretary is not only prestigious and financially rewarding but also carries with it a high level of job satisfaction.


Employment Prospects

A qualified company secretary has openings in Employment and can also practice as an Independent Professional.

Pursuant to section 383A of the Companies Act, 1956, companies with a paid-up share capital of Rs. 5 crores or more are compulsorily required to appoint a whole time Company Secretary who must be a member of the Institute of Company Secretaries of India.

All companies seeking listing on Stock Exchange are required to appoint a whole time company secretary.

Almost every kind of organization whose affairs are conducted by boards, councils or other corporate structures, be it a company, trust, association, federation, authority, commission or the like, finds it useful to appoint a person who holds the qualification of Company Secretaryship in key administrative position.

Membership of the Institute is recognized for appointment to superior posts and services under Central Government.



Self-Employment/Practising Company Secretaries

After obtaining a ‘Certificate of Practice’ from the Institute, Members of the Institute can go in for Independent Practice.
Every company having a paid-up share capital of Rs. Ten Lakhs or more but less than Rs. five Crores is required to engage the services of a Secretary in Whole-Time Practice for issue of Compliance Certificate.

Pursuant to Clause 49 of the Listing Agreement, Practising Company Secretaries have been authorized to issue Certificate regarding compliance of conditions of Corporate Governance as stipulated in the Clause.

Practising Company Secretaries have also been recognized to appear before various Tribunals such as Company Law Board, Securities Appellate Tribunal, Monopolies and Restrictive Trade Practices Commission, Competition Commission of India, Telecom Disputes Settlement and Appellate Tribunal, Consumer Forums, Tax Tribunals etc.

Recently, the Reserve Bank of India has recognized the Practising Company Secretaries to undertake Diligence Report for Banks.
“The Institute of Company Secretaries of India” (ICSI) is a premier National Professional body established by Act of Parliament to develop and regulate the Profession of Company Secretaries.

ICSI imparts training in Company Secretaryship by Distance Learning (by correspondence) enabling students to qualify as Company Secretaries. The Institute provides “Course Material” for all the subjects at the time of Registration. There is also provision for Optional Oral Coaching classes.


The Company Secretaryship Course: A course that transforms students into corporate professonals.


Stages to become a Company Secretary:

The student who would like to join the Course after 10+2 has to undergo three stages to pursue the Company Secretaries Course i.e.

Foundation Programme

Executive Programme

Professional Programme


The Student who would like to join the Course after passing the Graduation has to undergo two stages of the Company Secretaryship i.e.

Executive Programme

Professional Programme

Foundation Programme which is of eight months duration can be pursued by 10+2 pass students of Arts, Science or Commerce stream (Excluding Fine Arts)

Executive Programme can be pursued by a Graduate of all streams except Fine Arts.

Professional Programme can be pursued only after clearing the Executive Programme of CS Course.

6 Re: anybody pls help me out on Thu 14 Jul 2011 - 21:50

Club CEO

avatar
CSoC King
CSoC King
Nice post praveen.

@rak please also visit [You must be registered and logged in to see this link.] for more info.

http://www.csstudentsclub.com

7 Re: anybody pls help me out on Sat 6 Oct 2012 - 18:07

rchgiri

avatar
CSoC King
CSoC King

Nice post.

Thanks for sharing.

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