Hae,
Hello, congrats for selecting this course but be sure you are ready for this course as its a distance professional course. So the strategy that I have followed was Textbook to be read at first and going through the study guide. Once you are through with both go again with textbook. Finaly you complete Part I then go for workbook.
Regards
Anything more to solved here please post your queries
I have decided to study CFA offered by ICFAI but as of now I have just one hindrance, I need to know whether my CFA degree would be valid as a lot of them have warned me saying that there is pending legal suite againast ICFAI offering degrees and my degree might just go null. Please advise at the earliest as the last day for joining ICFAi course is on 30th of August 2008.
@tumtum
Dude I feel like givin u a standing ovation
kudos to ur dedication and self belief
Really its people like u who constantly reiterate the fact that ur destiny is well and truly in ur hands.
-
Bugs
u made me understand that what is important is belief in one self......... and i do believe in myself
HI Buddy,
I think company doesnt give a shit to the certificate unless you prove there that you have the knowledge of the work you are going to do :idea:. Even if you do a US CFA people wont be coming behind you if you dont have the relevant experience:2gunfire:.
I think its worth spending 80K rather than 300K where you dont even know that you would pass or fail and exams are there just twice a year.
:bigear:I would suggest you to believe in the course and just complete it.Once you done with that, you can see the results by good placement provided you have experience in a financial industry.
Does it cos 300K ( u mean 3 lacs) to do a CFA from US.
rattler85 SaysDoes it cos 300K ( u mean 3 lacs) to do a CFA from US.
As information available from other threads on CFA indicates.. it nearly does cost this much..
can anyone tell me about the pattern of exam for group A,
whether it is objective type paper?
whether it is objective type paper?
hello to all CFA & CFA (persuing)
I have started something you, must help me (my E-mail ID [email protected]) (mail me for directions on how you can help)
I am studying in the delta group of CFA
I also have a dent towards law. I have tried to understand the the legel position of both the parties (CFA institute usa & ICFAI) & arrived at the following conclusions
Call it an information warfare if you like. I would like to call it a call of duty. If you are a true Indian, you must do whatever you can to prevent this.
READ ON.
The CFA institute USA, wants a patent protection for its CFA profession in INDIA.
Lets understand this
(1) The CFA course was first started in USA by AIMR, the predecessor of CFA institute.
(2)India is a signatory in the WTO.Under the WTO TRIPS convention , every signatory member country has to protect the intellectual property of entities engaged in trade (trademarks included).(go to WTO website , find legal texts ,look for intellectual property rights.)
(3)CFA institute says that since it started the profession first, it has the sole right (under trade law) to institute the profession in INDIA & competition must be prevented
LETS KEEP IT HERE FOR THE TIME BEING, CONSIDER THE FOLLOWING
First
(1) Look up for the word profession in any dictionary or encyclopedia whichever you like. (Also try to find a legal definition if you can find).
Lets now discuss:-
Profession is a specialized work, requiring specialized knowledge or skill (the very basic definition)
Example-Doctor /surgeon, lawyer, accountant & also singer, painter, farmer, politician
There are certain professions that are regulated e.g.
Doctor, Surgeon, lawyer, Chartered Accountant
The reason for regulation:-These professions perform certain functions that are critical to the public well being hence in the best interest of the public it must be regulated
Lets stick to the part of regulation ONLY.
What does the process of regulating a certain profession involve?
Constituting what & how much the body of knowledge of an individual in this profession should be.
Determining what should be the competency level of the certain individuals.
Regulating the conduct of that certain individual, during the course of his/her practice.
AND ALL THIS HAS TO BE DONE FOR THE PUBLIC GOOD
WHO DETERMINES WHAT IS PUBLIC GOOD
HERE I WOULD STRONGLY ENCOUREGE YOU TO THINK,WHO YOU HAVE GIVEN THE RIGHT TO DETERMINE WHAT IS PUBLIC GOOD.
CAN THIS RIGHT BE CONSTITUTED AS TRADE?
CAN THIS RIGHT BE PARTED WITH, BY THE PERSON OR PERSONS, WHOM IT HAS BEEN ENTRUSTED
&
CAN A CERTAIN COMMERCIAL ENTITY HAVE A CLAIM ON THIS RIGHT UNDER A TRADE PROTECTION LAW? (ESPECIALLY FOREIGN ENTITY)
Anyway
Lets talk of the finance & accounting profession
SO HOW DID THE AWARD'ING OF CHARTER IN ACCOUNTING PROFESSION COME ABOUT.
(1) When the business around the world was not so complex there were different methods of book keeping in practice usually within the same country or even within a same locality. When businesses grew complex & governments needed uniform tax bases to collect taxes, they encountered this problem. Hence in order to address this they prescribed uniform accounting methods that were enforced by legislation & had to be mandatorily followed.
Now since the body of knowledge of accounting is vast & complex & not everybody can be expected to be academically sharp enough to attain a certain required level of competency /the legislators themselves could not create or moderate the body of knowledge .The legislative bodies had to institute authorities to prescribe & moderate uniform methods, Train & examine individuals & confer designations of say "Chartered Accountants to them. (Wheather the word chartered be used or not)
A chartered Accountant is thus given an authority by a legislative body (parliament) through an institution created by it to carry out the profession of accountancy. Every business functioning within the jurisdiction of the respective legislative body has to follow the prescribed accounting methods & get their account books audited by a chartered accountant.
When our economy became more complex, more streamlining was needed, hence giving birth to cost accounting profession & company secretary profession.
Similarly all countries around the world have seeked to regulate, moderate & streamline the accounting profession as & when they have felt the need to do so, by bringing in appropriate legislation .They have created appropriate bodies that do this job for them & its members are awarded with charters to carry on their professions (wheather the word chartered used or not)
(2) '''Any Statutory qualification in finance & related field (given in any country) can be broadly divided into two parts
(a)The basic knowledgebase of different subjects relating to accounting. Security analysis, portfolio management, management accounting, project management & the like. There is not much difference in what in taught in this country to what is taught in others.
(b)The legislative Part, i.e. the laws regarding accounting Disclosers , the prescribed methods of book keeping, income tax laws, investment related laws, foreign exchange related laws etc.Those differ from country to country (country specific)
(3) Well lets see what did countries of the world do when there was no CFA institute .Was there no financial analysis. As far as history goes the accountants did the job. Till the financial systems grew too vast in proportions & work became too complex thus requiring specialists. Today MBAs, Accountants, & other finance related professionals also do this job.
So the CFA institute did not invent FINANCIAL ANALYSIS
INSTEAD WHAT IT WANTS IS TO INSTITUTE & REGULATE THE PROFESSION IN INDIA & ELSEWHERE
(In its own admission before the Delhi high court It has admitted this & this right they want to earn it under a trade protection law. When the AICTE tried regulating it, it contended that it does not offer any technical education, but offers a professional designation & hence is self regulatory.).
I ENCOURAGE YOU TO THINK AGAIN.
(1) CFA institute has a uniform curriculum across the world. Can its members really help an investor who wants to invest in India & have to deal with Indias financial & investment related regulatory framework. (Where does its gold standard work in this case?)
(2) So what does the work of the CFA institute primarily constitute?
(a) Determining what the body of knowledge an individual in this profession should possess (REGULATORY)
(b)Determine what should be the appropriate level of competency (REGULATORY).
(c)Regulate the conduct of its members through out their practice (REGULATORY)
The students follow a self study regeimn, the knowledgebase is publicly held,
NOW THE BIG QUESTION
(1) Does this Service given by the CFA institute constitute a commercial service in general sense of commerce & trade? And does it come under TRIPS.
(2) If so who is the Customer? People of India? The Indian State? The parliament of India?
(3) Nature of service: - To Determine Public good (in a narrow sense of course, in regulating a profession)
(4) Sole Right of CFA Institute to do so (under the trade mark protection law).
(5) When they say, competition must be prevented, WHO EXACTLY IS PREVENTED, FROM DOING WHAT.
Now in general, who so ever has heard or read about it, has not given much thought or importance to it.
We simply got swayed away, that if CFA institute did it first, then it has earned this right
Hence this right must be protected under the trade mark protection law (copyright).
I CANT SAY MUCH ABOUT THE PUBLIC MEMORY,
BUT AS FAR AS MY MEMORY GOES,
A SIMILAR EVENT HAD ALSO HAPPENED IN THE INDIAN PAST,
WHEN THE BRITISH EAST INDIA COMPANY CAME TO INDIA.
Go to wikipedia & read certain articles written by me in wikipedia under CFA, Indian CFA, in the discussion page.
rattler85 SaysI have decided to study CFA offered by ICFAI but as of now I have just one hindrance, I need to know whether my CFA degree would be valid as a lot of them have warned me saying that there is pending legal suite againast ICFAI offering degrees and my degree might just go null. Please advise at the earliest as the last day for joining ICFAi course is on 30th of August 2008.
ICFAI CFA degree is well regonized in India.....
Hi Guys,
Some body please suggest me. Iam planning to join ICFAI MBA-CFA Dual degree,
I am a Software Engineer with 2+ years of Experience. I have done B.Tech from Computer Science.
I don't have commerce background. Is it advisable to opt for this course or will it be very hard for me to clear the exam ?
Please advise me, Iam in a very confused state for couple of weeks.
Regards
Vinod
Tanking down of US ibank is good for CFA frm ICFAI coz that will reduce the demand for US cfa .
Indian finacial syatem is still strong considering the fact no major bank in the recent past has gone bust. Now the iron is hot and if ICFAI is ready to work hard to market it CFA it could well establish it bit of brand value.
Hi Guys,
Some body please suggest me. Iam planning to join ICFAI MBA-CFA Dual degree,
I am a Software Engineer with 2+ years of Experience. I have done B.Tech from Computer Science.
I don't have commerce background. Is it advisable to opt for this course or will it be very hard for me to clear the exam ?
Please advise me, Iam in a very confused state for couple of weeks.
Regards
Vinod
Hello everybody,
I do have the same state of mind now like vinod. I have one year of expirience in software industry and am also with b.tech background. I am currently not working due to few reasons. please raj nair,tumtum,babu expirienced people help us to decide. Can i do MBA+CFA dual degree in distance through icfai is it worth doing and can i cope up with the course coz am from technology background.
Hello everybody,
I do have the same state of mind now like vinod. I have one year of expirience in software industry and am also with b.tech background. I am currently not working due to few reasons. please raj nair,tumtum,babu expirienced people help us to decide. Can i do MBA+CFA dual degree in distance through icfai is it worth doing and can i cope up with the course coz am from technology background.
HI guys,
Nice to many ppl want to join CFA from ICFAI. But from your background I would suggest to do an MBA first rather than doing both. Once you done with MBA, you can decide whether to go for a CFA is worth or not because if you do MBA-CFA it will certainly save your time as it mention Provided you clear all the paper continuosly. Its just like put your legs in two different boats.
Better way would to seek a job in finance/Investment/brokerage firm as you complete your MBA. Its more worth while than just doing MBA-CFA without relevant experience.
Hope It would have helped you.
hi , I am gaurav n i am also doing MS(Fin.
so plz, provie me some matrial if u have for the groups , as i enrolled now for the first group exams Alpha, so looking for helps frnds like u , plz provie me at my mail id [email protected]
ur frnd
Gaurav
I am in the LAMBDA level of the MS(Finance) prog...as far as my tip is concerned, just do da workbook properly. Try n cover as many sums u can from da workbook..this is for levels alpha, beta & gamma...even if u spend merely an hour on a daily basis, u can easily cover up da workbook in about a month comfortably...after tht get on to past papers...these r most important...u must at least solve 6 previous papers 2 get da hang of the paper types, q.s etc...n if u manage 2 solve arnd 8 papers+, u'll be in a very comfortable position...but all this practise dusn give any guarantee tht u'll clear da exams coz papers r day-by-day getting totally student-unfriendly...this i am saying wid da experience of da last 6 levels...hence it is very important tht ur concepts r crystal clr...make sure of tht...if u get stuc kup in sum area, dun ignore...clarify ur doubts b4 proceeding 2 da next topic...
All aspirants of MS (Finance) can find past papers in this link: -
4shared - free file sharing and storage - share folder - My 4shared
ATB 2 all!!! :thumbsup:
hi all,, best of luck for october exams .prepare well
happy76
dont worry only upto delta its tough then it is ok ok
yes
objective type
only
hi pagal.ites_cfa
Today I have brought something for you all . Anyone who is feeling a little low because everybody says you have ruined your career & life by joining CFA
This is a new series i am starting Ill post from time to time
Today it is about CFA (icfai) Alumni in indian Academia
1.Pitabas Mohanty (professor of finance at XLRI jamshedpur )
2.Narendar Kumar Jain (Professor & hod of finance at IMT gaziabad)
3.Sanjay Dhamija (professor of finance at MDI Gurgaon)
4.R.Kannan (professor of finance at IFMR chennai)
5.P.K.Gupta (professor of finance at Center of management studies Jamia Millia Islamia)
6.Conrad Vincent (faculty of finance (visit) IIM Indore)
7.Rajendra Gantra (Faculty of finance (visit) IIM Indore)
I am sure there are others I could find this much only , please post if you can find more
Next Ill post 100 jobs available for cfa's now
Cfa's in indian industy
til then
go crazy
It goes healthy even though an individual working as a Tax Senior Analyst with the Tax Policy Services and Washington National Tax teams will use demonstrated familiarity of issues, research, and managerial skills to oversee efforts to obtain and organize information, and develop client deliverables, related to U.S. Federal tax issues of interest to Deloitte's clients.
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davidjones
Adviser
hi babu i m kavita frm mumbai i hve my group A exm in jan and if u hve any questions paper pls mail me [email protected]