06-14-2010, 12:58 AM
Dears
Stipends have always remained a question and people on both poles have always given different point of views. To be honest, I had always been on the corner where Aimaad has found a place.
The earnings of firms are not a question to be discussed by kids; and the word kids is not to disgrace or defame any one. Students are certainly kids being on the very first step of a stair to their professional career; although we know there are some people about which prayer of IQBAL suits a lot, i.e. Khirad ko Ghulami say Azaad Kar....Jawano ko Peeron ka Ustaad karr....; so we have some very intelligent and quality people who just need polishing and have God gifted enormous potential.
To my understanding mostly the assurance department of the firms works on break even or loss or on very low profit margin. This is a fact; and figures disclosed in so called accounts of clients are too much evident of this fact if we reasonablly have the ability to forecast the things. The firms in fact earn from advisory and consultancy; and it is also a fact that advisory and consultancy gives fabulous revenues. Our students/trainees usually have a very low contribution in these functions of the firms in qualitative means. Any one who is working in a good firm can figure it out.
It's good to increase stipends; yet it is good to promote an environment where revenues of the firms may also increase. Again to be honest, there is no magic stick to do so. We are seeing how badly ATR-14 has been criticised and judged by CCP, for which case is still pending in SC. Unfortunately in Pak we have the worst paymasters. Entraprenuer dont even want to pay a penny for thankless jobs which most of the accountants do in their assurance departments.
Recognising these facts I had been and am of the view that any unwise and unwarranted step taken will not only tighten the working capacity of the firms, but will also put far more pressure on the trainees working with them and the prospective trainees who wish to step in the professional career.
As far as ENOUGH is concerned, there is nothing ENOUGH in this world. Let's see what happens ahead, if we succeed getting to the place promised for faithfuls. I hope there we may find the meaning of ENOUGH.
Regards,
Stipends have always remained a question and people on both poles have always given different point of views. To be honest, I had always been on the corner where Aimaad has found a place.
The earnings of firms are not a question to be discussed by kids; and the word kids is not to disgrace or defame any one. Students are certainly kids being on the very first step of a stair to their professional career; although we know there are some people about which prayer of IQBAL suits a lot, i.e. Khirad ko Ghulami say Azaad Kar....Jawano ko Peeron ka Ustaad karr....; so we have some very intelligent and quality people who just need polishing and have God gifted enormous potential.
To my understanding mostly the assurance department of the firms works on break even or loss or on very low profit margin. This is a fact; and figures disclosed in so called accounts of clients are too much evident of this fact if we reasonablly have the ability to forecast the things. The firms in fact earn from advisory and consultancy; and it is also a fact that advisory and consultancy gives fabulous revenues. Our students/trainees usually have a very low contribution in these functions of the firms in qualitative means. Any one who is working in a good firm can figure it out.
It's good to increase stipends; yet it is good to promote an environment where revenues of the firms may also increase. Again to be honest, there is no magic stick to do so. We are seeing how badly ATR-14 has been criticised and judged by CCP, for which case is still pending in SC. Unfortunately in Pak we have the worst paymasters. Entraprenuer dont even want to pay a penny for thankless jobs which most of the accountants do in their assurance departments.
Recognising these facts I had been and am of the view that any unwise and unwarranted step taken will not only tighten the working capacity of the firms, but will also put far more pressure on the trainees working with them and the prospective trainees who wish to step in the professional career.
As far as ENOUGH is concerned, there is nothing ENOUGH in this world. Let's see what happens ahead, if we succeed getting to the place promised for faithfuls. I hope there we may find the meaning of ENOUGH.
Regards,
