TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
The Finance Story
No Result
View All Result

My Journey Becoming a Chartered Accountant and Lessons Learned On The Way

How becoming a CA transformed Priyank Somani into a better and stronger personality

The Finance Story by The Finance Story
Published date: 25th September, 2019
Last edited date: 14th October, 2024
SHARE (0)
my-journey-becoming-a-chartered-accountant-and-lessons-learned-on-the-way
Share on FacebookShare on Twitter

Correctly said that Success is a journey, not a destination.

In today’s article, we have Priyank Somani sharing with us his journey becoming a Chartered Accountant and how CA made him a better & stronger person.

Priyank is a qualified Chartered Accountant from ICAI (The Institute of Chartered Accountants of India).

Presently he is an Analyst with OYO, India.

My Journey Becoming a Chartered Accountant

I was inspired at the age of 12 to be a Chartered Accountant by my cousin.

For me CA was not a degree, it was my life, my dream. My journey becoming a CA was full of ups and downs with great lessons learned on the way.

In this article, I share my journey all through:

  • Living in a Hostel
  • Handling Office Politics
  • Overcoming Fear of asking questions in a class of 1000
  • And how failing CA Final Examinations changed my life for the better.
  • I also have my Youtube Classes where I share videos for free benefiting so many students.

Here is my story:

To be a Chartered Accountant from ICAI, one needs to clear 3 levels of exams:

  • CPT: First level. You have to give this exam if you register for the CA course before graduating. Since I enrolled for CA after class 12, I had to give CPT.
  • IPCC: Second level exam. This consists of 2 groups – Group 1 & 2. Each group has 3/4 subjects.
  • CA Final: Last level of CA exam and has again 2 group – Group 1 & 2. Each group has 3/4 subjects
  • 3 years of articleship training: This starts after you clear IPCC, either both groups or anyone of them.

CA CPT Exams

Let’s start from CA CPT exams (1st level CA Exam).

Life was good then, no tensions, no distractions.

I cleared CPT in the 1st attempt.,” says CA Priyank Somani, 23, who

Moving to a new city and Clearing IPCC Exams

Now comes CA-IPCC exams. This is the second level CA exam consisting of 2 groups, Group 1 & Group 2.

In order to pursue CA IPCC, I moved to a bigger city, Delhi (India) with a friend.

It was the first time for me that I stayed away from home and especially mom. It was fun in the beginning but later on, it got difficult. I started feeling homesick.

It was at this time that I learned to live away from home and that was a big accomplishment. I became stronger emotionally and a little more responsible.

Living away from my family made me realize their importance, I began to value my family way more.

Away from home meant staying in a hostel.

When I first started staying in a hostel, it was a big concern to adjust in a small room with the other person. His thoughts, your thoughts are different. You also aspire to become his good friend.

Fights, differences of opinion, expense bearing capacity, household chores and certain other things which keep both of you on different tracks. It was this time I literally learned a lot.

I became a better human in those 8 months. ‘Be like water, adjust like water’. In fact, I was able to make him my best friend.

Also, the coaching class in Delhi that I joined had a batch size of approx 1000 students or probably more.

Now I was shy, so asking doubts got difficult. You lose your identity in such a huge crowd.

You want to answer questions in class, but you don’t, thinking of the huge crowd and if anyone makes fun of us.

My biggest learning:- ‘Jisne ki sharam, uske foote karam’ (which roughly means he who hesitates is lost). I learned NOT TO hesitate anymore.

Now I don’t care what the other person thinks about me. I answer questions, ask questions, put my doubts across, no matter how huge and how intelligent is the crowd. It made me way more confident.

In the meanwhile, I gave my best and cleared IPCC Exams. 

Articleship Journey

Then came articleship and my prep for CA Final Exams.

Getting a place to do articleship proved to be a big task for me. I asked help from several people but no one helped. I was really upset and lost. I knew I had to find my own path.

Finally, I started my articleship in a well-renowned firm with the help of someone. This has taught me to help others and be grateful.

The most difficult phase of my articleship was ‘Office Politics‘.

I am a very simple person. I do not think much before speaking. That led to a lot of problems during my articleship.

I had to face a lot of politics. However, if you are good at your work and give your best, you will always ‘SHINE’. I learned to give in my best and ignore the rest. It again made me a stronger human at a very young age.

CA Final Journey

Then came the much anticipated CA Final exams.

I cleared my Group 2 in the 1st attempt but got stuck in Group – 1. I took 2 attempts to clear Group 1. It was tough on me, studying the same thing again.

However, when I think of it, I have to admit I did not give my best.

When I gave my best I did clear (I literally studied the entire night, covered everything, understood every concept and kept an optimistic attitude).

In Conclusion…

  • CA makes one Strong
  • It trains you to deal with Failure, Criticism, and Success
  • CA forces you to give your best and bring out your best
  • CA makes you Patient

Now It’s Your Turn…

  • The CA Journey taught me A LOT.
  • What did your journey teach you?
  • Would love to know your thoughts in the comment section below.

If anyone needs guidance on CA studies please feel free to contact me on FB CA Priyank Somani / Linkedin – Priyank Somani.

The Finance Story

The Finance Story

Recommended for you

31,946 new CAs qualified in 2024
CA Students

31,946 New CAs qualified in 2024: ICAI aims for 30 lakh CAs!

31st December, 2024 | 3 mins read
ICAI Elections - Is It Still About The Profession Or Money, Fame, Power-Play?
Chartered Accountant

ICAI Elections – Is it still about the Profession Or Money, Fame, Power-Play?

25th November, 2024 | 6 mins read
EY India Toxic work culture
Big 4

EY called out by grieving mother: Her 26-year-old daughter overworked to death

18th September, 2024 | 4 mins read
ICAI empowered to hold entire CA firm accountable for individual CA's misconduct
Chartered Accountant

ICAI empowered to hold the entire CA firm accountable for individual CA’s misconduct

10th July, 2024 | 2 mins read
ICAI Under Fire: Women Removed from Front Row at CA Students' Conference Following Guest's Demand
Chartered Accountant

ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

27th June, 2024 | 4 mins read
First attempt CAs Vs multiple attempts...Does the discrimination make sense? MNCs favour them?
Chartered Accountant

CAs first attempt vs multiple attempts: MNCs, Consulting firms favour them?

5th June, 2024 | 4 mins read
Next Post
from-clearing-ca-in-the-1st-attempt-to-pursuing-singing-along-with-my-ca-firm

Clearing CA 1st Attempt to Pursuing Singing along with my CA Firm

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

1:1 career advice platform

  • Manager

    Investment Banking (Front Office) at HDFC Bank.

  • Finance Director

    at Procter & Gamble (P&G)

  • Strategic Program & Ops Manager

    Risk and Internal Audit at Accenture

  • Vice President

    at Alcazar Capital

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL

1:1 career advice platform

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert