After clearing grup 1 of ipcc most of us start seeking a good articleship firm..
The first question which arises is that wen to start with articleship?
Guys,my persnal view point over dis is.. Start ur articleshp aftr apearing both grups coz at that tym we have gained more knowldg more ovr BIG FOUR and many other reputatd firms prefr stdnts who have cleard both grups..
Nxt questn in the que is from where we should do articlshp?
Everyone of us wants to go in BIG FOUR bt only few of us manage to reach there.. Its a myth dat if v dnt get our articlshp in big four,then there wil b no gud future prospects for us.. Doing articlshp 4m a mediocre firm gving gud xposure cn also take u 2 grt hyts..
Whethr it b BIG FOUR or any other firm they both have pros n cons
starting with big four:
* working in BIG FOUR is lyk wearing branded clothes.. Everyone gonna get impressd by it.. Definately,wen u wil b applying for job,ARTICLESHIP DONE FROM BIG FOUR GONNA FETCH YOU MORE JOB OFFERS
*Stipend at big four is beter as compard 2 other firms
*They make u perfectionist in a particular field
*One has to work for long hours during articleshp
*They wil gv u exposure in a singl field (in most of the cases)
now teling u abt other firms:
*they gv u exposure in various fields
*u can learn more
*They instil in u knwlgd abt mst f the fields..
*less working hours as cmpard 2 big four
*lack of brand name
so guys chose ur articlshp firm wisely..
And rest dpnds upon ur hardwork and efforts!
©® CA ROCKSTAR
by:- Aditi Goel
In areas where the employer is looking for people with knowledge, ability and intelligence all the three professionals may be considered to have same standing.
Such jobs or positions where people with professional accounting knowledge are needed are what you would be generally coming across as Financial Manager, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor, Managing Director etc.However it is up to the employer to decide which one best suits his/her need. Therefore even in such cases you would see that there is a specific preference for a CA over CWA/ICWA in some cases or a CWA/ICWA over a CA in other cases.
A qualified professional can set up his/her own private practice as a practicing chartered accountan. Apart from the statutory opportunities that would be available to a chartered accountant, one can play the role of a consultant for any organisation relating to the functions of accounting, taxation, auditing, cost management etc.
The law places certain conditions on the performance of certain functions. Where the law requires that a particular function be performed only by a certain professional, it should be so. Therefore in such cases and in those cases where the specialised knowledge of the professional would be very much crucial in performing the function, we find that the functions performed would be specific to the profession.
Special Government ServicesUnder Sec 44 of the Income -Tax law every assessee with a gross receipts of Rs. 10 lakhs in the case of professionals and Rs. 40 Lakhs in the case of business concerns is compulsorily required to maintain accounts and get them audited by a CA.
- CA’s services are employed by the tax department for auditing complicated cases, having large revenue potential.
- CA’s services are employed by the Reserve Bank of India and the Comptroller and Auditor general of India for conducting Statutory Audit of Banks every year.
All the three courses are recognized as equivalent to post graduate qualification in commerce by a number of universities and government bodies. Therefore for all the government services where such a qualification is necessary, these professionals would also be eligible for being employed.