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HOW TO MAKE ONLINE STUDY AT HOME MORE EFFECTIVE

HOW TO MAKE ONLINE STUDY AT HOME MORE EFFECTIVE

 

By CA, CPA Vinod Kumar Agarwal

 MAKE STUDYING AT HOME MORE EFFECTIVE

  • Cooped up at home, for the last four months, students have been attending virtual classes at their homes.
  • The students can’t interact with their classmates or teachers in the real world.
  • They feel sad, worried and confused.
  • For some, e-learning might be even tougher than being in class. 
  • But there are some ways to stay focused and make lockdown learning a better experience.   

 YOUR BED MAY SEEM COMFY, BUT IT’S NOT FOR STUDYING

  • While you may be more inclined to study on your bed or the sofa, it’s not exactly a smart choice. 
  • Doing so can lead to bad posture and body ache. 
  • You might even fall asleep while you study on your bed!

 YOUR BED MAY SEEM COMFY, BUT IT’S NOT FOR STUDYING

  • While you may be more inclined to study on your bed or the sofa, it’s not exactly a smart choice.
  • Doing so can lead to bad posture and body ache.
  • You might even fall asleep while you study on your bed!

 PAY ATTENTION TO LIGHTING

  • Make sure the spot you pick as your studying corner has plenty of natural lighting. 
  • If you are studying in the evening or night time, find a spot directly under the light or use a table lamp.

 CHANGE UP YOUR SCHEDULE

  • If you are used to studying early in the morning, then shift study time to right after lunch or late evening.
  • You can instead catch some extra sleep in the morning or even use it for meditation or working out.

 TAKE REGULAR BREAKS

  • Instead of studying non-stop for hours, take some mini breaks.
  • Make yourself a yummy snack, stretch, spend some time with your parents.
  • If you have a pet, relax in their company.
  • The point is to get away from the study space and refresh your mind. 

 HAVE MULTIPLE STUDY SPOTS

  • Try to find more spots where you can study. 
  • This can be in your room, in one corner of the living room and if you have a big kitchen, you can use that, too! 
  • If you have a quiet rooftop or garden, when the weather allows, you can think about shifting your study time outdoors.

 SET UP A STUDY SPACE

  • Sitting on the right chair, having the table at a certain height etc., are also important.
  • Make sure you keep your study spot clean and clutter- free.
  • Too many things around you can either distract you or discourage you from spending time there. 
  • Instead, to make that spot feel more like a classroom, get a chair, a desk and even a little cupboard to store your study material.

All the Best !!!

HOW TO MAKE ONLINE STUDY AT HOME MORE EFFECTIVE
Big Sized Firm vs Mid Size Firm

BIG SIZED FIRM V/S MID SIZED FIRM

By CA, CPA Vinod Kumar Agarwal

INTRODUCTION

  • Articleship is a 3-year practical training phase that allows students to work on real assignments for real employers. It is a mandatory part of the CA program, and it provides a better overall learning experience. Articleship Training is one of the golden periods in the life of CA Aspirants. It is a golden roadmap for a CA Student from where he can gain exposure.
  • It has been seen amongst students that they are a bit confused while choosing a firm for the articleship training. 

Choosing the right CA Firm for your Articleship

A good CA Articleship experience helps in understanding the practical aspects of what you have studied. Hence choosing the right CA articleship firm is important not only for CA final exams but also for success in future practices.

What do Big 4 Firms & Mid-Sized Firms offer?

  1. You got to learn Auditing at its best. The same will not apply to small clients in mid-sized firms.
  2. Your role is much specified in Big 4 firms i.e., you will learn one aspect of accounting in every detail. In a mid-sized firm, your role is not defined, and you must learn everything. You will not specialize in a specific area.
  3. The way of working, procedures, and the method of achieving the same ultimate objective differs in big4 and midsize firms.

Which is appropriate for me?

Now the question of where you should join arises. The answer is that it depends upon where you wish to be in the long term. Some general scenarios are:

  • Auditing & Accounting related jobs in larger companies: Articleship in Big 4 Companies.
  • Jobs in big companies in other fields: Articleship in Big 4, with the effort to learn things on your own, which may be a prerequisite in those other fields.
  • Jobs in small companies: Any option is fine, Big 4 firms are preferred.
  • Practice in non-Metro Cities: Articleship in a mid-sized firm
  • Practice in Metro Cities: Articleship in Big4 either in taxation or in the auditing department.
  • Working in Start-up: Articleship in a mid-size firm
  • Small Scale Business: Articleship in a mid-size firm

Factors to consider while choosing a Mid-sized firm for Articleship

As your CA articleship will shape your career ahead, then go with the best opportunities available to you, it is important to take decisions on correct parameters and not on a random basis. Following are the factors which must be kept in mind while joining the mid-sized firm:

  1. The number of experienced partners: More the number of experienced partners, better would be the development of the firm as a convention, and in turn, more opportunities for you to learn.
  2. Size of firm & number of articles: Prefer firms which have at least 15-20 articles and a few Chartered Accountants as Managers, apart from the Partners. Learning at these firms is generally better than firms where the number of articles is few.

 

 

  1. Areas of work and scope of assignment: The whole point of working in a midsize firm is to learn a variety of work and therefore, it is important to choose a firm that allows you to gain experience in different types of assignments.
  2. Overall work environment: An encouraging and cheerful environment in the office usually helps your overall development. Factors to consider while choosing a Big 4 firm for Articleship.

Factors to consider while choosing a Big4 firm for Articleship

As such there aren’t many differences among the Big Four Firms as they all operate in almost the same way, especially when it comes to training articles. So, once you have decided to join a Big Four firm, the only question left to ask is the choice of city and the choice of department. Choose a city near your hometown and a department based on your plans. Big Four Firms usually hire in the auditing department and the options of Articleship in other departments like Business Taxation, Indirect Taxation, Financial Advisory, etc. are rare.

Factors to not consider while joining Articleship

  1. Stipend: The total loss of stipend will be compensated in a single month after becoming a CA if you focus on gaining experience and not earning money
  2. Work Pressure: Work pressure is always going to be there in real jobs, irrespective of what career roadmap you choose. So it is better to learn to handle pressure at an early stage rather than running away from it.
  3. Friends: Consider Articleship as an opportunity to network with new people as networking is a skill that is important in the long run. So don’t worry if you don’t have friends at the firm, and, don’t join a firm simply because you have friends there.
  4. The study leaves: In general, all firms allow at least 3 months and on average 4 months of study leave for CA Final examination. More study leaves don’t help you in your preparation, it usually gets wasted. 

Conclusion

The choice of CA Articleship firm is a very important decision and therefore, make sure you choose wisely, as your career path depends upon it. And once selected, do your job with utmost honesty with a focus on learning. Never say no to any learning opportunity. You can blame the education system for its stiffness in ranking students' knowledge, however, Articleship is an open platform and a real-life experience. So don't make excuses for not performing well in this department of your career. 

 

Big Sized Firm vs Mid Size Firm
CA Practice v/s CA Job

JOB V/S PRACTICE AFTER CA

By CA, CPA Vinod Kumar Agarwal

 

THE DILEMMA

  • Having got through CA Final, the question that revolves around CA fresher is whether to pursue job or practice. 
  • This is dilemma that mostly every CA fresher has faced.
  • Sometimes your heart says one while brains say another. 
  • Each alternative has his opportunity cost. 
  • This makes decision even tougher.
  • Practice may yield better returns but often less explored by fresher.
  • It has never been easy for a first-generation Chartered Accountant to start his/her own practice. Therefore, most of us join either Industry or a CA Firm.

ADVANTAGES OF DOING JOB:

 

1.      No investment - 

  • You will get the periodic salary and don't have to invest anything. 

2.      Specialisation – 

  • In a job, you mostly choose one domain and as you keep working there are scope of specialization in domain you choose.

3.      Early returns – 

  • Every month, your bank account will be credited by monthly salary.

4.      High returns in Initial years – 

  • Generally, the initial pay scale for CA students is high (i.e. 50,000- 2 lakhs per month). 

5.      No need of Networking – 

  • If you do a job then you don’t need to make networks or build clients because that is taken care of by the employers.

ADVANTAGES OF PRACTICE:

1.      Diversified learning - 

  • In Practice, you must continuously keep learning. 
  • You must be updated about everything 

2.      Better Returns in Long run – 

  • In long run, your earnings are unlimited. 
  • The more clients you can fetch, the better returns you can make in long run.

3.      Satisfaction – 

  • As working in your own firm gives more satisfaction than working under someone. 

4.      Autonomy – 

  • You are your own boss.
  • You would have full freedom of what you want to do, what work you want to do, and how you want to delegate authority and responsibility
  • Sometimes you may earn less, but you have authority, and it gives you satisfaction and free of work pressure.

CONSIDERATIONS TO BE MADE WHILE MAKING DECISION

  • Do you want to take up risk in initial years or not?
  • Do you want to be employee or your own boss?
  • Early Returns or Scope of Unlimited Returns?
  • Are you good at building networks or not?
  • Investment or not?
  • Specialisation or Diversified Learning?

 

CA Practice v/s CA Job
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