Starting your Articleship is a big step forward for any CA student. The excitement of doing a real life job is so tempting. Then, finally having the power to spend money earned by yourself is the best feeling is the world. Although only if it was that easy & simple. How a fixed asset depreciates over the period of time, value of excitement also goes down. Like everything else in the world, C.A also has its own bad & good side.
The big question we need to ask is, whether 3 years are enough or it's too much or is there an alternative? I certainly feel that there cannot be any fixed period fixed for Learning(training). Instead, ICAI should structure the period in such a way that students get an idea of every area. I would say better make it 2 years under a CA & balance 1 year specifically approved from ICAI. That will give a massive flexibility to students.
Another problem for CA students is managing office & studies. They not only need to manage office work, but also studies. The restrictions imposed by ICAI do not allow them to relax even for a minute, as coaching classes also take a big chunk of time from their daily routine.
Another major thing that CA students cry about, STIPEND. There is a reason they are called, 'Cheap Labor'. CA(s) charge huge amount as professional fee, with major work being done by Article Students and shockingly ICAI recommends a stipend starting from Rs 1,000. Also, Article cannot work any where else due to Office timings & restrictions by ICAI and they expect them to manage on Rs 1,000 per month in 21st Century. To an extent its understandable, that, as its a training period, payment slab is kept low. However, ICAI and CA(s) should look into the amount of work an article puts in. I am actually surprised that no one has taken this matter at higher authority. I guess even an article in his/her last stage of training feels, yaar mene toh kar liya ab....mujhe hi paise dene pad jaenge meri practice ke time..chod jaane do( I am almost done with my training....I will only end up paying once I Start my work as C.A..forget it). Its not that I recommend articles to be paid buckets of money. There is a difference between paying for the sake of it & respectably paying.
Like I said earlier, it also has numerous positives. Articleship period helps CA students to get familiarize with the real life working of Business.We should not forget that no organisation will appoint you without experience. Not only do C.A firms appoint students, they also guide them in their professional careers in so many ways. Its like a relationship between Guru & student. Imagine getting the Certificate of Practice & not even having the knowledge on 'Filing of Income Tax return or any other statutory filing'.
Look it how you want, every one will have their own opinions. I certainly think that ICAI should start making some changes to Articleship period structure apart from programmes such as GMCS & many more.
For CA student, bare the pain & just get on with it.
NO PAIN, NO GAIN
The big question we need to ask is, whether 3 years are enough or it's too much or is there an alternative? I certainly feel that there cannot be any fixed period fixed for Learning(training). Instead, ICAI should structure the period in such a way that students get an idea of every area. I would say better make it 2 years under a CA & balance 1 year specifically approved from ICAI. That will give a massive flexibility to students.
Another problem for CA students is managing office & studies. They not only need to manage office work, but also studies. The restrictions imposed by ICAI do not allow them to relax even for a minute, as coaching classes also take a big chunk of time from their daily routine.
Another major thing that CA students cry about, STIPEND. There is a reason they are called, 'Cheap Labor'. CA(s) charge huge amount as professional fee, with major work being done by Article Students and shockingly ICAI recommends a stipend starting from Rs 1,000. Also, Article cannot work any where else due to Office timings & restrictions by ICAI and they expect them to manage on Rs 1,000 per month in 21st Century. To an extent its understandable, that, as its a training period, payment slab is kept low. However, ICAI and CA(s) should look into the amount of work an article puts in. I am actually surprised that no one has taken this matter at higher authority. I guess even an article in his/her last stage of training feels, yaar mene toh kar liya ab....mujhe hi paise dene pad jaenge meri practice ke time..chod jaane do( I am almost done with my training....I will only end up paying once I Start my work as C.A..forget it). Its not that I recommend articles to be paid buckets of money. There is a difference between paying for the sake of it & respectably paying.
Like I said earlier, it also has numerous positives. Articleship period helps CA students to get familiarize with the real life working of Business.We should not forget that no organisation will appoint you without experience. Not only do C.A firms appoint students, they also guide them in their professional careers in so many ways. Its like a relationship between Guru & student. Imagine getting the Certificate of Practice & not even having the knowledge on 'Filing of Income Tax return or any other statutory filing'.
Look it how you want, every one will have their own opinions. I certainly think that ICAI should start making some changes to Articleship period structure apart from programmes such as GMCS & many more.
For CA student, bare the pain & just get on with it.
NO PAIN, NO GAIN
Its Real.....good one.
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