Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: cpt :: articles on VAT and GST in India :: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Students »
  The Chartered Accountants’ Students Benevolent Fund (CASBF)
 Admit Cards for Intermediate (IPC) and Final November 2016 Examination
  Examination dates of Certificate course on Forex and Treasury Management conducted by Committee on Financial Markets and Investors Protection on 19th and 20th November ,2016
  Upcoming batches of Certificate course on Forex and Treasury Management in Noida, Mumbai, Bangalore, Hyderabad on 5th Nov,2016 and in Kolkata on 26th Nov, 2016.
  Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination
 CA Students participation in Institute Programmes for 5 hours
 Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination
 Next batch of the Certificate Course on Valuation at Ahmedabad from 16th July, 2016
  Launch of the Certificate Course on Valuation at Gwalior from 14th May, 2016
 CA curriculum to be revised in 2017, says ICAI president
 Admit Cards for May 2016 Examination

Fewer students are passing the CA final exams, why?
February, 17th 2010

Call it a result of the economic downturn, the Satyam effect or simply turning off the tap by the Institute of Chartered Accountants of India (ICAI). The Chartered Accountancy final examination results touched a record low in the November 2009 attempt.

The CA exam is clubbed into two groups of three subjects each. Of the 18,502 students who appeared for both groups, only 1,454 passed. That is a pass percentage of 7.86%. Now compare this with the November 2007 results; a time when the economy was rocking. Of the 8,654 students who appeared for both groups, 2,446 cleared the exam. Thats almost 28.26%.

Thats a striking fall in just two years. Most students who sat for the November 2009 final attempt have been pursuing the course for almost five years. So, when the results were announced on January 17, 2010, the usual euphoria was missing.

At the Big Four PricewaterhouseCoopers, Ernst & Young, KPMG and Deloitte there were no exuberant mails from partners spelling out how brilliantly the articles had fared. Just to give you a sense, at one of the smaller firms, 21 articles took the exam and only one cleared.

So what went wrong? To start with, accounting was a tough paper, auditing very lengthy and all questions in all eight subjects were made compulsory. Till May 2009, one didnt have to solve the entire paper. ICAI pushed the bar higher this time around.

But, quite a few students are attributing their failure not to the question papers but to the economic downturn which has led to over supply of chartered accountants in the job market, implying that the results were controlled.

A lot of companies stopped hiring. Even the ICAI which runs its own placement cell couldnt place all the students enrolled with it, says a student who didnt want to be identified.

Uttam Prakash Agarwal, president of ICAI, rubbishes such claims. ICAI is not controlling the results. Nobody has the right to spoil the future of students, he says. It is the cancer of coaching institutes.

Students are being misguided by these institutes and think that they will take coaching for three months and qualify. They dont even open my course material and have failed because they havent taken the exam seriously, Agarwal adds.

But coaching institutes have been around for decades. Does that mean ICAI had been snoozing until now? Agarwal doesnt agree. The paper pattern was more practical this time, he says. He feels this could also be the reason for the low pass percentage.

Many feel that this is where the larger problem with chartered accountancy as a professional course lies. Compared to other courses like Chartered Financial Analyst or even an MBA with a specialisation in Finance, which are fairly practical in their approach and assessment, chartered accountancy continues to concentrate a lot on ex post facto analysis and rote learning. Let me just say that the demand for good accountants far outstrips the supply.

The course gives a fair grounding of accounting, finance, tax and mathematics. But it could do a lot with what is currently relevant, in terms of applying the learning to actual situations, because the moment it is tested, people flounder, says Bobby Parikh, Partner, BMR Advisors.

ICAI currently doesnt provide any such training and does little beyond distributing course materials, past years question papers and suggested answers.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions