Mayank Chopra

B.Com stands nowhere when you compare it with CA. Infact [if you pursue CA][1], the only option to do graduation is via correspondence. If you go for regular graduation it will take 3 years of your time, as CA course requires training side by side which you will not be able to do. Yes, [for MBA you have to][2] have either [BBA or Graduation degree][3]. If you are [planning to do CA][4] then you get benefit of exemption in subjects for your graduation from accredited colleges which have tie up with CA institute. Your both goals can be achieved side by side. [Is Finance Management your Ide

Thats a very nice question. Well there are lot of books & other materials which chartered accountant must read on the regular basis to refresh his memory & for all the recent updates.However, there are lot of areas which are handled by CA's & each of them are vast in ltself. So what to be studied by CA will differ from person to person depending on his/her expertise.Following are the Books, Material & other sources whic "CA" must read:1) Amendments in Income Tax Act (Taxmann)2) Amendments in Service tax3) ICAI journals (for members)4) ICAI Student Journal5) A

Hello James,Its never late to start studying again. As you shared that you are a commerce student & have cleared 12th standard, you can start your career as an accountant by doing Accounting Technician Course (ATC) from Institute of Chartered Accountants of India (ICAI).Requirements for becoming a Accounting TechnicianEligibility for ATC is passing 12th standard with minimum marks (you are eligible)Enroll & pass Common Proficiency Course (CPT)Enroll for ATC Successfully complete 8 months of study from  the date of registration for ATCSuccessfully complete Orientation Course o

Dear Student,There is no measurement machine which can quantify the amount of money you can earn in next five years as a Chartered Accountant. It solely depends on your effort, hard work, knowledge & experience.However,the growth chart of income as a CA is ever increasing provided you are giving good consultancy as a practitioner or good service as an employee. I have shared in my earlier post as well about the income of CA's.The initial package of a CA in industry is between 40000 to 60000 depending once knowledge & experience. The more you have expertise in different fields the more

Dear Student,As you shared that you are in 11th standard & commerce without maths student, I want to tell you that you are eligible for CA provided you have to clear your 12th standard with minimum passing marks.As regarding CPT books, there are several authors in market which publish there books. Following are the few names:1) For Fundamental of accounting books are -> Author D G Sharma publisher taxmann> Author P C Tulsian publisher Tata Mc Graw Hill2) For Mercantile Law books are -> Author V K Jain publisher Taxmann> Author P C Tulsian publisher Tata Mc Graw Hill3) For Gener

Hello,For becoming a chartered accountant one has to undergo a professional course which is recognized by Institute of Chartered Accountants of India (ICAI). The course structure is as follows:1) Common Proficiency Course (CPC) / Common Proficiency Test (CPT)CPT is an entry level examination for Chartered Accountancy Course. Student after passing senior secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognized by the central government as equivalent thereto. Students after registration to the course are required to complete specified p

Dear Student,Career as a CA is always profitable. Its the profession in which one can earn a stable income provided you need to be updated on regular basis.As regarding clearing CA in 4th attempt, yes it will be profitable in long run. First I will tell you the drawbacks of clearing the C in 4th attempt:1) Firstly, most of the big fours and Multi National Companies (not all) have a clause to hire CA's who have cleared in 2nd or 3rd attempt. However, this criteria changes depending on availability of CA's in market. So you need to worry in this regard as if one will get job somewhere.2) Second

Hello,The CA's experience social interactions throughout there career. The CA's either do a job or start there own practice.CA's in job experience less social interaction as compared to CA's in practice.CA's in Practice:CA's who have there own practice have to interact with people on regular basis so as develop there clientele. Further, social interaction with existing clients is very important as from such interactions the CA gets to know more about the clients requirements in terms of work.CA's have to attend various seminars, workshops, studies which are organised by ICAI on regulars basis

Dear Concern! [After clearing IPCC you have to enrol for articleship][1] of 3years which is mandatory to do, however you dont get good earnings (you will get stipend of Rs.2000-3,500 pm). But if you are in big 4's CA firms they pay between Rs.7000 to 10,000 pm.2) After clearing IPCC you will not get a good job where you can earn good money. But you will be paid as trainee. You can enrol yourself as [Industrial Trainee][2] which is allowed by ICAI. If you work in any industry as trainee, you can get Rs.10,000 to Rs.15,000 pm. But one can be indutrial trainee for 1 year only.  For

Dear Friend!The Board of Studies of ICAI grants various Scholarships to students, namely,1) Merit,2) Merit-cum-Need based and3) Need-based scholarshipsout of the funds of the Institute and4) Endowment Schemes created by Individual donors/Trusts/Societies.Various scholarships are awarded twice in a year i.e. in the month of April and October every year. Generally its announcements are released in the Students Newsletter “Chartered Accountant Student’. The students are required to apply in prescribed Scholarship Application Form· .For more info refer following link: Best Regar