The Chartered Accountant Student Journal

PRESIDENT’S COMMUNICATION My Dear Students, The year 2015 is drawing to an end reminding all of us that another year of our life is blending into history. If January is the month of new resolutions, December is month for introspection. It is the month to look back, analyze and fi nd out what we have achieved and what we have skipped or still working on. While we revisit the months gone by, we may fi nd both pleasant and not-so-pleasant events and experiences. All these should make us smarter, mature and wiser. We often say that in life, there are no mistakes but only lessons. Th e year end is a time when you can introspect as what you have learnt during the year. Give push to unachieved agenda and work on them. With about a month left, we can still achieve many of our targets. A. P. J. Abdul Kalam said ‘Never stop fi ghting until you arrive at your destined place – that is, the unique you.

Have an aim in life, continuously acquire knowledge, work hard, and have perseverance to realise the great life.’ Th ose of you who have taken November, 2015 Examinations must be in a mood to relax. Having appeared in the examinations, I understand that you would not like to miss blithesome time to enjoy and recreate. At the same time, I would request you to continue your study eff orts. Identify your weak areas and work on them. With the growth of economy, the importance and popularity of the accounting profession is growing leaps and bounds.
Today society places a lot of trust on the profession. To face the diverse challenges, you must deeply assimilate diff erent subjects. Go through the study material, practice manual and other inputs provided by the Board of Studies. Th e Board of Studies has been regularly conducting a number of programmes for the benefi t of CA Students. In the months of December, 2015 & January, 2016, National Conventions & National Conclaves are being held in Nashik, Mumbai, Calicut, Tirupur, Amritsar and Dehradun. Two sub-regional and one regional conferences are also being held in Trichur, Pali Marwar and Vasai respectively. It is in your good to participate in the conventions, conferences and other programmes being hosted at a number of places. In these events, you will have opportunity to closely interact with subject experts. Th e benefi t of such close interaction with the professionals and other students is something that transcends beyond anything that your normal experience can provide. Our Institute in its endeavours attempts to provide you an edge over others for measuring new heights of professional success. A potential chartered accountant gets leverage over his/her professional competitors. Our profession has created very high standards of accounting and proved to be very eff ective in helping businesses. I have every reason to believe that you will keep the spirits of positive attitude alive towards learning and uphold the values of the accounting profession. Th e time is beckoning you to become an all rounded professional capable of facing global challenges successfully. Th e accounting profession needs conceptually sound, committed and ethically strong people who can take the Institute to still higher pedestal.

Th e horizons of CA profession are very wide and I am sure that the next generation of professionals will continue to surpass all encumbrances and derive optimum mileage from the emerging challenges. Th ese challenges are emanating out of a variety of factors such as changes in economic conditions, the Companies Act, 2013, implementation of Indian Accounting Standards converged with International Standards, changes in the area of direct and indirect taxation and so on. I am sure that the Institute will continue its march with independence, integrity and excellence. I extend my heartiest wishes for a wonderful Christmas. With best wishes, CA. MANOJ FADNIS PRESIDENT THE INSTITUTE OF CHARTERED ACCOUN