Inbox: Courtesy: Sir Atif Abidi Audit vs Tax vs Consultancy - - - - - - - - - - - -Audit- - - - - - - - - - - - Advantages…. Multiple clients in less time. Have an opportunity to learn more in less time. Have some free slabs of time available during the year (so study can be easily managed during that time) If its outstation assignment, Its not gonna long for many months.. Maximum its 1-2 months Disadvantages…. Becomes monotonous after some time Extreme pressures sometimes due to sudden deadlines and excessive late sittings and no leaves on even Sundays. - - - - - - - - - - - -Tax- - - - - - - - - - - - Advantages… Finds proper time to study and most importantly can manage taking proper classes of CA Final Unlike audit; Normally fixed and defined timings (often 9 to 5) Less pressures Disadvantages…. Not much learning Some hectic days during the year (when annual and quarterly returns are being filed) Limited job opportunities after doing maximum time of articles (importantly near to end of articles) in tax department - Except that firms oftenly hires their tax personnal after their articles. - - - - - - - - - - - -Consulting or Advisory services- - - - - - - - - - - - It has normally 2 types 1) ERP- - - - - - - - - - - - Advantages Very high job scopes as all big organizations are moving towards ERP, so they need such personnal, and ofcourse CA firms always needs their personnal on ERP assignments. Relax working environment Less pressures and deadlines from firms’ managers Very friendly environment Very ideal for self study Disadvantages Extremly long assignments…. (i.e. 6 months to 2 or 3 years) Monotonous job (If you are doing fixed asset module, you would be doing it for 5-6 months) Mostly outstations or outside the boundries of the cities so no chance of taking classes 2) Non ERP (Sometimes known as Risk Advisory Services-RAS or Financial Advisory Services- FAS - May have slightly different meanings firm2firm) Advantages High learning Interesting tasks (You are developing your skills) Relax environment (Managers works in coordination with you in a highly friendly and supportive environment) CV becomes attractive Disadvantages Sometimes too away from accounting learning… e.g. you are making HR policy manual of your client You sometimes feels yourself misfit. - - - - - - - - - - - -A Trainee Preference- - - - - - - - - - - - First of all…. Never fanticise about any specific department. Every department have its own charms and shortcomings. Its all about your Luck Sometimes you get to learn in tax much more than any other field and it pays off you in your job. Sometimes a complte articles in audit department finds it very difficult to find job. Its all about how you see the challenges of this profession. The best thing is to have a rotation in atleast any 2 of these for diversified learning and experiences. An ideal situation would be having started the articles in audit for 1st 1 or 1.5 years, rotated in tax for approximately 6 months and ending your articles in Advisory/Consulting for a better job prespective ***Biggest and foremost preference shall be to qualify your CA Final and to develop your skills at your best - Whatever the department may be*** Dont plan anything for you, Let the BEST PLANNER Decides your life cycle in best appropriate manner. In any case, have a Qanaat (Self Contentment) in your self as its best of all treasures and Believe in your ALLAH. :)
Posted on: Fri, 01 Aug 2014 16:39:59 +0000
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