Sunday, June 20, 2010
Sunday, May 30, 2010
I would surely be waiting for your comments on this one. :)
Friday, April 23, 2010
Its been quite a hectic and busy month for me. However, the busyness it provided me was duly compensated by the learning experiences the time provided me with. Firstly, the financial year ending, the last one in my articleship, got me busy with quite a good number of Income Tax returns. As the month of March ended, it was time now for bank audits. I could not participate in the bank audits earlier in my articleship due to graduation exams all the three years. However, this time, I made sure, I would be making the best and optimum use of this opportunity which was also supposed to be the only one in my whole articleship period.
Bank audits got me more closer to the working of the banks. Although I had been involved in the concurrent audit of one of the main branches of our city of one of the banks, I was expecting a different experience in these statutory audits. My conception was based on the fact that concurrent audit involved detailed checking of day to day transactions of the branch and there was ample time for our judgement while the statutory audit was hit with a time constraint on this issue. Hence, I was expected to be more efficient at the work, though I myself don't tend to be any less efficient any other time as well. It was a total knowledge enriching experience for me, and yes, I also learnt the art of coping up with time constraints and yet delivering to the best of our ability. Some new things to learn and new experiences to preserve with me, I used to get myself equipped with something new each day.
After finishing the local audits, we also had to visit Katra city in the state of Jammu & Kashmir for another bank branch audit. It was supposed to be a 3-4 days trip and well, it surely turned out to be an exciting one. We had a great time at Katra doing our work in the day time and enjoying the nature's beauty in the mornings and nights. As the city of Katra also marked the starting point for pilgrimage to Shri Vaishno Devi Shrine, the visit to the same was always in our minds. Eventually, my visit to the shrine got materialised, though my colleague could not go due to some other reasons. After finishing the audit work and doing all the reports, I finally started with our yatra along with CA. Vipul Arora, the senior partner of the auditor firm in which I am undergoing my training along with his daughter. It was truly a memorable experience, as Vipul Sir had lots to share with regards to his earlier visits to his shrine and his other life experiences as well. So, I got to learn many things from him during the journey both professionally and otherwise.
So, all in all, a good experience of bank audits and an exciting n memorable journey to Katra and Vaishno Devi Shrine. That sums up these last 3 weeks. :)
I hope you enjoyed reading my lone experience with bank branch statutory audits. And if you just got bored reading the whole text, I have uploaded some pics of my official trip to Katra at both Orkut & Facebook. Do check those out. :)
Bye 4 now. Take Care. Sayonara.
Monday, March 29, 2010
Pune blasts last month pushed me to write something against terrorism, some unjustifiable acts with some innocent victims. A couple of days later, I happened to watch the movie 'A Wednesday' again and well, that further propelled my desire. Do check out the below lines, which I tried writing about what a common man, an Aam Aadmi, possibly each one of us, thinks when we come across such news. I hope you would like these lines.
Nikalta hun roz jab ghar se main,
ik darr sa dil mein jagta hai..
Roz ki bhagam bhag se alag,
ik mahaul ajab sa lagta hai..
Lagta hai saansein chal rahi hain meri,
lekin pal pal mar raha hun main..
Kahin ho na jaye yehi saans aakhri,
bas isi baat se darr raha hun main..
Darta hun bakery mein khane se main,
ho sakta hain chhupa ek bomb jahan..
Ab darta hun Hotel mein jane se main,
saamne aa na jaye fir ik Kasab wahan..
Darr darr k kab tak ji paunga main,
is darr se ab mujhko azaad karo..
Safal na ho paayein iraade unke,
jo kehte hain Hind barbaad karo..
Karte hain jo Mazhab ki aad mein hamle,
shayad is baat se anjaan hi hain..
Allah Ram ya Waheguru keh do,
ghayal toh hota Bhagwan hi hai..
Chahe nishane pe unke koi bhi ho,
akhir marta toh ik insaan hi hai..
Allah Ram ya Waheguru keh do,
ghayal toh hota Bhagwan hi hai..
Stop Terror, Support Peace. :)
Spread the word and don't forget to drop in your comments.
Sunday, March 21, 2010
Just wished to share it with all of you that an article written by me on IFRS 1 First Time Adoption of IFRS got published in CA Students' Journal in its March 2010 issue. It was great to see my article in the journal and more great to receive nice and positive feedback on my article from the CA Members and Students fraternity.
You can check out my article by clicking the link below :
An Overview of IFRS 1 - First Time Adoption of IFRS
I would surely be waiting for your comments on my article. :)
P.S. If you are wondering, what is IFRS, it stands for International Financial Reporting Standards. India is planning to converge into IFRS by 01.04.2011 and hence, all the entities would need to use principles of IFRS 1 in the first year of reporting under IFRS.
Friday, March 12, 2010
Saturday, January 30, 2010
Thursday, January 21, 2010
I happened to see one of the most-talked movies these days, '3 Idiots' last Sunday and well, it surely has an innovative idea which is getting the cash registers ringing for the movie. While it has many lessons for us, but a couple of these really made me go deep into my world of thoughts. In one of the scenes, Rancho (Aamir) says, "Yeh Zindagi Ek Race Hai." I further continue this statement with my questions : Is life just a competition? Are we living to survive or we are surviving to live?
Since our childhood, we are asked to top in our class. We are compared with the others and our parents say, see, that chap has got so good marks, why cant you get the same? Your classmate stood first in the university, why cant you? That boy earns a lac per mensum, have jobs dried up for you?? Seeds of this self-initiated competition are often sown in us since our childhood and we remain a part of this competition whole of our life, no matter where we have reached or what we have achieved. Such competition often sows seeds of jealousy and hatredness among each other. No matter what our own ability or talent is, what matters the most is how was the performance of the our so-called competitors and if that was not better than us, we have performed great. The rising expectations and growing competition (more often than not, an unhealthy one these days) has often been quite a big factor in the rising number of suicides by the students as they are not able to handle the pressure and live upto the expectations of their parents, relatives or society. No wonder, we get many news of suicides after Board exams results are announced. Even the character 'Joy' in the movie was a perfect example of such lapse who succumbed under the unacceptance of his talent even though he was on his way of making an incredible invention.
It is said success is a relative term. It really becomes relative when there is a comparison with others. I see so many students who have secured even 90+ marks in their respective examinations but they are not happy, they are not delighted for such a score. The reason, they got a mark less than their competitor in these exams. On the other hand, students with maybe 60+ are enjoying their result more than these 90+ students. I have witnessed several such cases and I believe that you all will agree with me too. One experience of this kind also happened with me around 2 years back. We were undergoing our computer training and we had a test one day. I got lesser marks,probably just suffiecient enough, the prime reason coz I was a bit unwell in those few days and another of my friends, who had 10 marks more than me was on cloud nine that day and was heard saying that my mother would be more than happy today as I have left Simar behind. I was quite surprised to hear this as even his marks could not be said good enough to substantiate his joy but leaving me behind was a success for him.
Why go any far, the real example lies with each of us too. We become a part of many social networking sites like Orkut, facebook and believe that we can write and whatever we wish to but the fact remains that we want more people to read what we are doing, we want more comments on our photos and our status. One day, we also start writing a blog which is said to be a mirror of our feelings and we say we will be freely expressing ourselves but one thing back in our mind says, will this post be liked by my readers, will I get interesting comments. So, knowingly or unknowingly, we be an athlete taking part in this competition.
All of us are engulfed in this useless rat race. But my question still remains unanswered - is this competition the real purpose of life? I don't intend to express that there shouldn't be any competition in our life but it should be a healthy one and in fact its more better when life is a continuing competition with ourselves only and not with others. The movie sparked off an idea for this post, so just ending it with one of its dialogue, "Kaabil Bano Kaabil, kamyaabi jhakk maarke tumhare peeche aayegi." (Strive for knoweldge & excellence and the success is bound to follow you).
And reiterating what I said above, one thing back in our mind says, 'whether this post will be liked by my readers?', so do post your comments. ;)