What should be the ultimate goal of articleship? However, does every article set his own goals for articleship and take best out of it? Majority of articles go with the flow and learn whatever is served to them or in fact overlook the learning opportunity completely. It is not their mistake because they have also this mammoth task of clearing the CA final exams. The most challenging task in the articleship is to manage between the two i.e. Learn best out of the practical training and keep an...Read more
The world is changing and if one is not aware of what the future is and what major changes are taking place in the future, one may not be able to sustain the practice. The users, needs of users, method of delivery, form of delivery among many others would change. The speed of change is amazing. Yesterday we were talking of what the millennials need today, we have started on the Gen Z. Technology and automation is increasingly replacing the professional’s routine jobs (reconciliations,...Read more
The exploding power of the internet along with search engines like Linked in, Google, Meet up, Face Book- professional networks, Xing, Zoom etc. have made answers to basic questions available at a click or couple of clicks. The googles, amazons, flipcarts, have ensured that all smart phones come with so much capability and pre loaded utilities that one is marrying into the UNKNOWN. Unfortunately, they have/ are becoming the monopolies of the world. Bigger than many smaller countries /...Read more
In my life, the cost of postponing by days, months and at times years of important aspects of life, profession included has been enormous when the past put though this filter. Since majority of time is in profession, the bulk of incidents where I have not done, not started, delayed decisions, commitments has had the effect of pulling me back, slowing me down. I have in fact postponed the exercise to introspect on this aspect for at least a few years. It is a fact that even highly driven and...Read more
The pandemic is a wake-up call for all of us to really look at what is important in our life. We were forced to become- minimalist- that is what monks/ sages are always. It put in perspective our hollow normal ways of being, introspection on the rat race which we have been involved in. Thanks to my joining Rotary more than 2 decade back, the early introduction to philanthropy gave me an immense opportunity to grow as a person and a good patriot and citizen. Since this has also supported my...Read more
We have in the preceding 8 articles discussed the importance of continued enhancement of knowledge, skill and experience. All growth-oriented professionals would need to focus on ensuring excellent quality of work delivered consistently in time. Normally, after a few years the improvement plateaus and stops. One wonders why the better work/ better clients do not come in/ clients do not come again for repeat work. Peter Druker the noted economist observed that quality is not what you put into...Read more
This article follows the earlier 7 on various aspects of empowerment of professionals seeking to practice in chosen area. In this article we look at professional ethics as applicable to the Chartered Accountant. The other professionals may have similar limitations with some aspects less focused on and a few where the aspects discussed may not be applicable.
All tax professionals would be providing services relating to advisory, assistances ( assignments), representational and attest...Read more
In the earlier articles we covered professional goal setting, gaining the knowledge edge, adequate skilling, getting the experience needed, the people focus and communicating persuasively. Now the very important aspect of how to quote, negotiate and bill appropriately by the Small and Medium Practitioner following the ethics is examined in this article. None of the sharing done by me is the last word may need customisation. It may most times only validate the professional thought process...Read more
In the earlier article on skilling oneself- article 3, I had touched on skilling oneself which included a number of skills including to be able to communicate persuasively. This is a basic skill which is often not worked on and mistakes can upset the discerning client. It would slow down the professional growth and may be larger clients may not be too happy.
In profession we have many make or break conversations, maybe some on them on the phone. SMS, whatsapp or email. How can we be...Read more
We started the empowerment series with setting professional goals followed by getting the knowledge edge, skilling oneself, gaining the required experience and how to attract, train and retain good employees.
Many professionals come to me and say all that is ok Sir, tell us how to get work. Juniors complain about seniors, seniors on juniors. Most times we are busy safeguarding our knowledge and clients.
The most common question from those in practice who have just started, now, 2...Read more