Letter written by CA Bhagwan Lal (a renowned faculty of Accounts in delhi) to ICAI
# MustRead Dear administrative friends at Board of studies ,ICAI.
I ( CA Bhagwan Lal ) have received many observations from may 2015 ca final exam students about the quality of financial reporting paper. As per students opinion, paper was ok so far the thoughness is concern. But it is so lengthy that is is impossible to complete in 3 hours.
Then i decided to write the paper myself in exam condition. I was surprised to see that it took 4.17 hours to complete 6 required questions as per exam . I am a teacher from last 19 long years teaching accountancy to ipcc and final students on an average 6 to 8 hours daily . I was a ipcc and final rankholder of icai in my exams.
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If a daily practitioner like me ( CA Bhagwan Lal ) requires 4.17 hours then it is unfair to expect it from fresh frist time students. Please donot expect from all students to be a SUPERMAN. Financial reporting is first paper . Its performance impacts all other subsequent papers. I agree that to pass we donot require all 6 questions to complete. But it is easy to be said by you and me who are well settled in life. Think from students point of view.
1. They have already spend 6 months for cpt , 1 year in ipcc and 3 years of articleship minimum, if all passed in frist attempt.
2. Expectation pressure of family to be bread earners
3. Own ambitions to excel in life. And some many other factors like girlfriend’s last warning to settle etc. It is not about one more attempt only , it is the frustration from self which hurts the students, sometimes for life.
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They reduce their expectations from life forever. I think ca final students deserve better treatment than this. Afterall they are future of our profession. Please make the entry as tough as you wish at cpt or ipcc level but donot frustrated final students. They have allready suffered a lot. They need your helping hand nothing else. I am proud of my icai, no personal complain.
I just want to see our ca profession full of joyful and enthusiastic persons and not a bunch of lifeless creatures.
Regards Ca Bhagwan Lal
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