Mayank Chopra Career Expert

Mayank Chopra

Chartered Accountant in a leading firm

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About Mayank Chopra

Mayank Chopra is a Chartered Accountant. He has done his B.com(Hon) from Delhi University. He has 9 years of experience in the hardcore profession of accountancy, auditing, company law & taxation. He works as a consultant in a well known Indian CA Firm. He is very well equipped with the knowledge and expertise in his area. He has counselled students studying in schools, colleges and pursuing CA/CWA/CS/MBA and other related courses. He had been associated with various NGO’s to promote literacy, human empowerment etc.

Mayank Chopra, Chartered Accountant in a leading firm, is a career counsellor based at Delhi, Delhi area. View all career counsellors from Delhi

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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on February 13, 2015
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on January 23, 2015
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on January 13, 2015
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on January 13, 2015
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on December 17, 2014
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on December 17, 2014
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on December 17, 2014
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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

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on December 17, 2014
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As you have done 12th in commerce stream, look for some good career options in commerce field as specified above and side by side you can pursue your interest such as acting course or theatre .To know more about yourself, check out your psychometric assessment report as offered by www.careerguide.com. 

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on June 25, 2014
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Dear Anamika!Its doesn't matter when you re-start your studies. As i believe everyone is learning something or the other everyday.I am really happy for & want to congratulate that after 4 years you want to study. (A) How you should choose career?1) Passion/ Interest:Pls see & check what do you really like to become. Such a Teacher, Anchor, Journalist, CA, CS, MBA etc. You should become wht you like.2) Package/Salary:Choose a career which will fetch you good money. That is you are able to meet your daily neccesities easily with your salary apart from some savings. Further, I also advice

Answered by: Mayank Chopra, Chartered Accountant in a leading firm, on June 25, 2014