Sunday, September 20, 2015

A Story of Cost Accountant Recognition

Before you all start hearing my story I would like to say that I am a cost accountants residing in an Ties 3 city of India and currently unemployed and driving auto rickshaw to feed my family. I am ashamed to do the same work but i have to feed my mother and younger brother who have sacrificed a lost for me becoming a cost accountant. I am just sharing one of the real life pains which often remains unheard. I am coming from a middle class family where education is the prime factor behind success of life. Since we cannot adopt the path of illegal life since time and generation thinking is changing. My dad was an auto driver and my mother used to work in a nursing home as sister taking care of patients. We were two brothers and I am the elder one. My dad and mother both valued education with a high esteem and they did everything and took huge pain to get us educated in proper school and college. Their only dream was that what sufferings they did for us they don’t want for their grand children. The family earning was not up to the mark of making us Doctor or Engineer. Having full stomach meal was a difficult proposition. After doing my graduation in commerce and got a part time job of maintaining book keeping. 
My younger brother did not went for much studies and opted for driving an auto to support me and my family for their dreams to come true. In between I came to know about the course of Cost Accountancy. With much pain and much more problem at home I got the money for admission and registration for the course. I did not have the money to buy so many books and also neither could afford a teacher who will act as a guide for teaching me. I spend much of the time in library. In between my dad passed away due to malnutrition and excessive suffering thorough out his life.  His dream of getting his son highly educated remained in dark when he passed away. My mother was strong she kept the hope of light alive. My younger brother also added fuel to the file of ray of hope. The time of my father’s death was tough as I was just going to sit for my exam over the next two days for my intermediate. I thought that my exam fee which was heard earned money would go for a wild toss as I was not in mental condition to sit for my exam. My biggest moral support was my father’s soul which kept whispering that sit for the exam and pay tribute by passing the same to me. That will give my father soul much peace rather than doing the Hindu rituals. 
With much pain in mind and heart I went for the exam and cleared them with good marks. I remember that during that time many of my library friends informed me that after qualifying intermediate I will get a job of Rs 5000. This was another strong factor for me to pass out my exam since I wanted my younger brother to finish his studies which he left off due to my dreams. But when I went to the outside world every one said that unless I qualify for my finals I will not get a job. More over I am fresher hence zero work experience leads to lot of humiliation in this professional world. Still I managed to get a job of Rs 3000 working as an assistant to the auditor. During my tenure I realized very avidly that being cost accountant has wide scope but less recognized. This is one of the biggest problems of this profession. 
But with much determination I moved ahead with finals and cleared the same. I passed my exam in 2011 and till date my salary is only Rs 10000 pm. Unlike other profession this profession has wide scope but the reorganization and acceptance is a very big blow to the aspirants like us. In my latest interaction with members of the cost accountancy profession I released that I am fortunate to get a job of Rs 10000. Huge numbers of students are unemployed and also practicing opportunity is less for the newly passed students in the profession. Most practicing members are coming from the age bracket of 45 to 55.  Moreover in my office humiliation of being a cost accountant is huge when a newly employed Chartered Accountant gets a starting package of 6 lacs in that case a Cost Accountants takes years to reach to that CTC. 
Can anyone tell me that what is the value of burning of such midnight oil and taking so much pain to become cost accountant? Student who are in the Tier 2 or 3cities have more problems in their wings to fly. They are paid little attention from the chapters end and more focus only on the Ties 1 cities where the regional councils are present. The middle class segment of the society cannot afford to got for an MBA which cost 5 to 6 lacs average hence they opt for Chartered Accountancy. Now we all know that Chartered Accountancy is difficult to pass and more expensive compare to Cost Accountancy. Now this huge middle class segment of the society which enrolls for Cost accountancy has to struggle for jobs and career growth. I have found many teachers and senior council members speaking about orientation and presentation skill but is the job market recognize cost accountants and also for how many years and how many council members we will await to see the turn around. Frustration of lack of recognition and quick promotion of being chartered Accountants keeps many of my friends under intense pressure.

 Pressure of family pressure of being getting recognized kills us. Recognition of cost accountants is so bleak in India that we prefer to move in overseas markets like Dubai, Bangaladesh etc. But how many are fortunate enough to get such contacts and opportunities. The mass of fresher are struggling and only conducting one campus placement is not sufficient. The question is of recognition and your slow and lazy action has created pains for these families who are trying hard to come forward from the dark nights if their families. By the way I lost my job last month as a the company found chartered accountants are more better and competitive in terms of Cost Accountants. I got this job through campus placement arranged by the institute  
Recognition and acceptance is the key for any profession to develop. You don’t needs research like NASA scientist neither you need to arrange grand invitation for campus placements- all you needs is let the emblem of the profession get respect. You need to get into the root of the problem but we are only focusing on those areas where we are losing our ground. 

1 comments:

kote s

Yes. The story makes you think. But I see more personal limitations in the story line than Institute's role. I am afraid - I am calling spade a spade.

Qualifying Final Exam will only provides an entry ticket to the battle ground. One should expect life to be tough and needs continuous learning to face the competition. Those who are at the top positions worked decades to reach top.
Just blaming Institute and self does not help.

I can offer a job to this person. Please ask him to forward his resume to me.

Thanks,

Kote

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