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Why I Quit CA From ICAI To Pursue CPA USA And Why I Have No Regrets

We bring you the journey of Ahsan Khan from Hyderabad, India.

Ahsan is a qualified CPA from AICPA with the help of Simandhar Education and a semi-qualified Chartered Accountant from The Institute of Chartered Accountants of India (ICAI).
Ahsan got really depressed when he failed to clear the CA Final exams. Luckily his cousin, who is a CPA, working at Deloitte, enlightened him about the scope of CPA in India and encouraged him to pursue CPA instead of taking a career break.
Presently Ahsan is an Analyst with Invesco Asset Management Company, Hyderabad, with the help of Simandhar Education and credits his CPA degree for this job opportunity. He encourages students to consider Alternate Career Options instead of struggling with Chartered Accountancy.
He further adds, 'Chartered Accountancy is amazing, but if things are not working out, then maybe considering CPA or any other alternate career option would be worth it!'

MY JOURNEY

I was basically an average student in school as I was more into sports and did not focus much on my studies. However, your school marks and performance doesn’t really matter when it comes to appearing for professional courses like CA, CPA, CFA, etc. What matters the most is your = Dedication + Smart Work + Hard Work.
Having appeared for class 12 exams in March 2010, I started researching various courses with good opportunities in India as well as abroad. After a whole lot of research and discussion with my dad, I decided to become a Chartered Accountant from ICAI and made that my career goal.

MY CHARTERED ACCOUNTANCY JOURNEY

My Chartered Accountancy journey started in 2010 right after I passed my class 12 exams. It may come as a surprise to you that in high school, science was my chosen stream instead of commerce. So all the Accounting terms were new to me!

CPT – 1ST LEVEL CA EXAM:

When I started preparing for CA CPT (Level-1 CA exam from ICAI), I had a tough time understanding all the Accounting terms from scratch. Luckily I was good at Mathematics, so that saved me.
I somehow managed to clear the CA CPT (Level-1 CA exam from ICAI) with two months of preparation. I was excited. 
However, to become a qualified Chartered Accountant from The Institute of Chartered Accountants of India, I still had to clear two more exams – CA IPCC and CA Final. I also had to complete three years of mandatory internship. After clearing CPT, I started preparing for CA IPCC (2nd level CA Exam from ICAI. This consists of 2 groups – Group 1 & Group 2).

IPCC JOURNEY – 2ND LEVEL CA EXAM:

Clearing IPCC did not seem to be very easy, so I decided to appear for only CA IPCC Group 1, and after clearing this, I would give Group 2. I would study daily for almost 6-7 hours effectively. I did give my best. I gave my first IPCC attempt in November 2011, but unfortunately, I could not clear the exam. I was not discouraged by that failure.
I started preparing for my next attempt, and this time I studied with even more focus and dedication. I had experienced failure earlier (which made me stronger), and I did not want to go through it again. So that fear of failing kept pushing me to study more and give my best. I stayed focused and cleared IPCC Group 1 in my second attempt.
As per the ICAI rules back then, I could start with my internship either after clearing both IPCC groups or after clearing just IPCC Group 1. Since I cleared IPCC Group 1, I started my articleship/ internship training in 2012 with VDNR and Associates, Chartered Accountants. While doing my internship, I prepared for IPCC Group 2 and cleared the same.

CA Final Journey:

Now comes the most difficult and challenging part of the Course – CA Final (last level CA Exam from ICAI, which again has two groups – Group 1 & Group 2). I knew I had to prepare well and give my best. However, even with a lot of hard work and dedication, I was not able to clear the CA Final. I appeared for it again, but the same thing happened again. I was very depressed upon seeing my results, and it felt like all my hard work went in vain.
I wanted to take a break from studying (and give my CA Final exams later), but then I realized that it would be a waste of time. I was really lost. Now those who have been through this realize how annoying or hard it can get if you have to study 8 subjects again. It is not easy.

MY CPA JOURNEY:

Honestly, I was under the impression that giving the CA Final Exam is the only option I have until I spoke to my cousin. I have a cousin working at Deloitte who guided me to alternative courses like CPA, CFA, ACCA, CMA, etc. He motivated me to move forward with my career instead of taking a break from studies and getting depressed. I too realized that the longer I wait, the more upset I would get, I had to decide and move on so I could do well for myself. Considering my career goals, the opportunities available, the time period, and the cost to complete the course – I chose to take the CPA course from AICPA.
I was able to complete all four parts of CPA exams in just ten months with my hard work and dedication.
For my CPA Coaching, I chose Simandhar Education
It is truly one of the best institutes for CPA coaching currently. It is the only institute to have face to face classes for CPA in India. It also provides placements for its students!
Being partnered with Beckers CPA Review, they have well structured/organized products coupled with live classes, which helped me clear all four modules of the CPA exam in one go.
I am really grateful to Mr. Sripal Jain and Beckers for their efforts, supervision, and guidance.

SCOPE OF CPA (USA) IN INDIA

  • We all know that CPA from AICPA has great scope out of India, but we are unaware of the fact that CPA from AICPA has great career opportunities even in India.
  • India presents itself as a land of growing business opportunity for US Companies and requires candidates with in-depth knowledge and skills of US legal laws and accounting framework.
  • I feel it’s the right time for people to pursue a CPA from AICPA and meet those companies’ expectations.

JOB OPPORTUNITY AT INVESCO

In fact, after completing my CPA, I had an opportunity to work at Deloitte (Sripal from Simandhar helped me with the placement). However, I could not attend the interview as my sister was getting married, and I was responsible for all the wedding arrangements.
Invesco Asset Management Company needed people with US GAAP knowledge and Audit/Accounting skills, which is what we learn in CPA.
Mr. Sripal Jain informed me about the opportunity and helped me with an interview. Luckily I got an opportunity at Invesco.
Huge thanks to Mr. Sripal for his valuable guidance, which helped me crack the interviews, fetching me a good package almost equivalent to a Chartered Accountant from ICAI.

MY ADVICE 

  • There are many students who struggle with Chartered Accountancy just because of SOCIETY PRESSURE.
  • Considering or pursuing a course just to prove to others will take you NOWHERE.
  • Instead, one should understand WHY Chartered Accountancy (or, for that matter, any other course) is so important to you. If it is important to achieve a career goal, then keep pursuing it, but if it is not, and there are other options that can help you achieve that goal, then choose those options.
  • If you don’t see any improvement in your results after multiple attempts, consider for some alternative courses.
  • Try to UPGRADE YOUR SKILL SET along with pursuing a qualification, that always adds up to your career. Work on your communication skills and interpersonal skills instead of just focusing on studies. Even if you are a ranker with ZERO communication skills, you will just get your first job, and after that first job, you will struggle. So FOCUS on important things.
  • Be aware of the job market requirements and adapt to it. OVERCOME THE HERD MENTALITY.
  • Build up a GOOD NETWORK that’ll always help you fetch a good job.
  • ???????Be OPTIMISTIC about the future and keep trying harder every time – he concluded.

You can reach out to him at [email protected] You can also connect with him over LinkedIn at Ahsan Khan. Also, if you are looking for job opportunities as a CPA / CMA, Sripal Jain can help you, you may reach out to him at [email protected] 

 

Conclusion: 
The above article is a story about the journey of Ahsan Khan from Hyderabad, India, who after having been guided by Simandhar Education, is now a qualified CPA from AICPA. Hope this article is helpful to you. If you have any queries, feel free to comment in the section below. Happy Learning!

 

Simandhar Education:
Simandhar is the official partner of Becker and AICPA - Largest Training provider for US CPA, US CMA, IFRS and EA courses in India with offices in Bangalore, Hyderabad, Delhi, Ahmedabad, Gurgaon, Kerala, Cochin (Kochi), Trivandrum, Kottayam, Kozhikode, Malappuram, Chennai, and Mumbai.
Learn how to use CPA, from first basics to advanced techniques, with online video tutorials taught by Industry Experts. Simandhar Education is the best leading CPA Online Training in Hyderabad. Contact us at +919390785925.











 

 

Comments

  1. Shubham Manapure

    Inspiring!!!

  2. Sanju v shirol

    I completed my degree in (b.com). I will have to study cpa course, please help what all the subjects had in that. My name is sanju I belong from bangalore. This my conctet number(8073068707).

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