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Home author , icwai , Samir Biswal , WHY A STUDENT SHOULD PREFER ICWAI COURSE TO CA COURSE WHY ASTUDENT SHOULD PREFER ICWAI COURSE TO CA COURSE? WRITTEN BY CMA SAMIR BISWAL

WHY A STUDENT SHOULD PREFER ICWAI COURSE TO CACOURSE? WRITTEN BY CMA SAMIR BISWAL

POSTED BY SAMIR POSTED ON 10/29/2013 05:06:00 A.M. WITH 4 COMMENTS

In the light of the prevailing Scenario, it is clear to perceive that both parents

and students havecome to a realization thatthe job potential to the engineering coursesare fast fading out, and hence,we see a shiftfrom Engineering to Commerce courses.Doubtlessly, a bulk of the student communityistotally unaware of the opportunities thrownopen for ICWA on par with CA course.

It has been aptly said by our educationists,erudite scholars, experts and experiencedpeople,that a person gets mental maturityonly after 15 years of proper schooling andcollege Education i.e.,Primary Education (1st class to 5th class) 5 years, SecondaryEducation (6th to 10th) 5 years and CollegeEducation (Inter & Degree) 5 years. Today, a student after completion of the Intermediatecourse iseligible for CA & ICWAI courses.

But to our dismay, majority of the students prefer to join C.A. course, without anAcademicdegree and in course of time, only a few, whose percentage is very negligible,come out successfully,while the remain bulk, suffer a lot in the absence of an Academicdegree and their inability to completethe CA course.

It is in this context, all the relevant details, Viz., eligibility, duration etc. are furnished hereunder.

A student, who longs to study CA course, first has to pass a qualifying examination calledCPT(Common Proficiency Test) This qualifying examination duration is 4 hours, conductedtwice in acalendar year June December, throughout India. This qualifying Examinationwould be an objectivetype Examination; though the qualified SSC students are eligible to enroll, they are allowedto write thesaid qualifying test, only after clearingplus 2(Intermediate Examination). Nostudent, irrespective ofhis/her qualification i.e., regular degree, P.G. or any other equal ormore qualification, is exemptedfrom this eligibility test, if he/she wants to study CA course.

On completion of CPT, candidates must enroll for IPCC (Integrated Professional

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CompetencyCourse) to enter CA and thereafter, students require to complete 100 hourcomputer training and passan online test. The successful students alone will have theeligibility to write IPCC within a year of theirpassing CPT. This examination consists of 2groups. The first group comprises 4 papers and the secondgroup has 3 papers, in adescriptive type. A student is required to work as an apprentice clerk forarticles, under thesupervision of a practicing CA for 3 years, either, after passing the first group or boththefirst and the second group. During the last 6 months of the 3rd year of articles, a studentissupposed to write CA final. If successful, only then, it is constructed as qualified CA. It ismostimportant to note that a student is neither permitted to study a regular degree courseduring theApprentice period (3 years) nor to undertake any job. If a student has any desire to studyany degreethrough Distance Education, such students need to obtain permission from CAInstitute. That too, fornot more than one course. Above all, it must be borne in mind thatevery practicing CA literally willhave limited number, to work as apprentice, under his control.

It is an acknowledged fact the CA course, would take at least 5 years period to completetheabove furnished process, to the outstanding / genius students alone.

It is no exaggeration that only 5 out of every 1000 students are being seen today. It isamazingand shocking to state that fate of the remaining, is gloomy, uncertain andexcruciating, which meansclearly, that such students could neither complete a regulardegree nor complete the CA course, andland in the pool of dejection and frustration. Indeed, their agony is indescribable andinexplicable.

Today, many a students, say 90%is deviating and violating the above explained the norms,set in,to the articles.

Now, coming to the ICWAI Exams (Cost Accountancy) course, a student, can also pursueafter(Plus 2) They have to enroll for a qualifying examination known as Foundation, inwhich, there are 4papers in descriptive type. This examination is conducted 2 times in acalendar year i.e., 2nd week ofJune and December throughout India. There is an exemption to this foundation course toany one,who is a graduate or P.G. or any equivalent course to a degree. It means thatstudents, with plus 2, canenroll for Foundation while degree/P.G. students can enroll forICWA course. This ICWA course too,has 2 parts i.e., Inter and Final. If, a student cancomplete ICWA Inter in a year, the very next year,he/she can write and pass ICWA finalalso. It means that a meritorious / hardworking student, after anentry into a regular degree course, can complete the ICWA course within 2 years fromFoundationlevel, while 2 years, from a degree level. Obviously, we see 100 students forevery 1000 students, whilethe remaining in 1 years, such students are 400 for every 1000students. It is to be crystallized thatthere is no relation between practical work experienceand writing the exams, these two are separate.

With regard to job opportunities, both the Institutes conduct campus recruitmentprograms,once in every six months and practically there is no difference between ICWAIand CA as far as jobs areconcerned. It is crystal clear for everyone, to understand thatInputs, Time and Hard work, for CA is,comparatively more than ICWA but output, is same for the both. Besides the above, ICWAcoursefacilitates a student to undertake a regular academic degree alongside. To see thedark side, if all thesincere endeavors and hard work for ICWA course does not bear a fruit,a student, at-least, can pursueP.G. course like M.Com, MBA etc, because the CA students cannot and should not study aregularcourse.

It is observed that many students, parents, including the educated, just developed a crazefor CAwithout proper awareness and in-depth knowledge of the process involved forcompletion of CA course.Added to this, some institutions have come up with a businessmotive to attract the students withadvertisements, promising coaching only to CA. The coaching centers fail to focus light onthe realities,process, norms but proclaim that their coaching centers secured several ranksin CPT. Facts shall alwaysRemain firm. CA (CPT) is only a qualifying test, and securingranks, if any, shall never be useful at anyStretch of imagination, from all possibledimensions, except to attract the students, parents and to mintMoney.

However, a comparative table is shown for clarity, awareness and understanding.ICWAI course CA course

1. Time Possibility to complete at-least in 2 years

A minimum of 5 years timeisEssential

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2. Eligibility ICWAI Foundation is to bepassed after plus 2(intermediate).Degree students and above,can enter the course directly.

CPT is a must forDegree/PGCourses too.

3. Opportunity to studyregular Degree Course

An excellent opportunity tostudy regular Degree whilestudying ICWAI

No opportunity to studyregular degree, whilestudying CA

4. EmploymentOpportunity

Equal opportunities to bothICWAI/CA

Equal opportunities to bothICWA/CA

5. Articles/Practical training

There is no relation between,toobtaining training andpassing theExamination.

There are someregulationsand limitations forExamination i.e., articles

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This Article is written byCMA Samir Biswal. He can be reached atcmasamirbiswal@gmail.com

Labels: author, icwai, Samir Biswal, WHY A STUDENT SHOULD PREFER ICWAI COURSE TO CA COURSE

4 comments:

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29 October 2013 at 11:45Neeraj Kumar

1. Your 2nd point of eligibility with respect of CA course is wrong. CPT is exempt for degree andPG student.2. If regular degree courses are not permitted while pursuing CA, then it shows our integritytowards the profession.3. There r different areas of employment for CA rather than ICWA.4. Yes, there is restriction between training and examination because we wants a sinceritytowards practical training as it is much important and also reduce the burden when studying forfinals.

Reply Delete

29 October 2013 at 13:29Prakash Yelavankar

very informative articles thanks because I have now very much clear on the part of ICWA / CA.

Reply Delete

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from Engineering to Commerce courses.Doubtlessly, a bulk of the student communityistotally unaware of the opportunities thrownopen for ICWA on par with CA course.

It has been aptly said by our educationists,erudite scholars, experts and experiencedpeople,that a person gets mental maturityonly after 15 years of proper schooling andcollege Education i.e.,Primary Education (1st class to 5th class) 5 years, SecondaryEducation (6th to 10th) 5 years and CollegeEducation (Inter & Degree) 5 years. Today, a student after completion of the Intermediatecourse iseligible for CA & ICWAI courses.

But to our dismay, majority of the students prefer to join C.A. course, without an You might also like

29 November 2013 at 00:09but... companies act and income tax act say that.... audit can only bedone by CA.. not cs or cma or any one... so in this way.. we can say that CA is best course

Reply Delete

26 January 2015 at 14:45Anonymous

Salary.....You didn't mention that.CA is the best

Reply Delete

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