Talk:Indian CFA

Deletion

I have proposed the article for deletion. I feel all the salient points are noted on the main ICFAI page. This page features content more suited to a discussion board or brochure than an encyclopedia. It is inadequately sourced and much of the article makes little sense to those without extensive previous knowledge. It has been in need of improvement for quite some time without any significant efforts being made, therefore I suggest it is removed. Jnthn0898 (talk) 11:23, 16 November 2009 (UTC)

Removed deletion pending discussion with Accountancy group. Also, may be better to use RfD? 129.11.76.229 (talk) 14:05, 17 November 2009 (UTC)

What a mess...

I have redited and put back those articles as it is well understood in the indian context only. —Preceding unsigned comment added by Mishrik (talk • contribs) 22:47, 13 November 2009 (UTC)

Hi, have tried to make some sense from this article by doing a spot of copy-editing. More majorly, I deleted sections on 'Future of ICFAI and CFA' and 'CFA Charter through MS Finance' as they made very little sense, had a skewed POV and didn't really add anything of note. A lot of citations need digging up, something not helped by the ICFAI website being down.Jnthn0898 (talk) 18:54, 2 September 2009 (UTC)

You are free to add your comments but just dont DELETE something bcoz it made little sense to you. What ever is in the article is well understood by those who are affected by the Indian CFA also whether you like it or not its origins are from the AIMR - the founder of the present CFA Institute USA. Hence it has a lot of bearing for international students and community.

One cannot give a reference for every word, it will only be a dictionary. Request you to go through an extensive reading of newspapers , journals etc for the veracity of the article. —Preceding unsigned comment added by Mishrik (talk • contribs) 21:30, 27 May 2010 (UTC)

Anonymous user - please do not delete my discussion here on the talk page. If you disagree with my edit you are free to undo it (as you have done). The section in question, however, is incoherent and therefore of no use - I invite you to rewrite it. Jnthn0898 (talk) 21:59, 7 September 2009 (UTC)

Hi Miskrik, it may be well known in the Indian context, but this is an international encyclopaedia. Extensive citations are required and, especially in the 'Future of ICFAI and CFA', the article makes little sense and I suggest fails to meet Wiki's standards for encyclopedic content. I propose this section, at least, is removed pending a major re-write. Jnthn0898 (talk) 10:20, 16 November 2009 (UTC)

Please understand

Hi, shivon please understand the websites thread is exclusively for indian CFAs from ICFAI and not a nerworking site but a carrer discussions site most helpful for CFA students (needed for this article as it has information about the same) and the link to financial analyst.org is the councils official site , you can please confirm with the university and council if you like, I have confirmed the same.Kindly do not remove them. —Preceding unsigned comment added by Saileshrh (talk • contribs) 16:51, 16 October 2008 (UTC)

I think it is f-ing LAME (lame, lame, lame) for India to like violate patent and copyright or something, and mislead investors in India and that region into thinking they've found someone awesome enough to have earned the "real CFA" as awarded by the Chartered Financial Analysts Institute. India should be forced by international legal authorities to change the name of its program, so that it does not confuse investors when they're looking for qualified investment authorities and professionals. —Preceding unsigned comment added by 24.107.177.212 (talk) 12:20, 1 May 2008 (UTC)

Point to be noted

when one speak of the international investors being misled by something called Indian CFA.The individual certainly does not know anything about the points of difference between both the programmes. The indian CFA has been designed keeping in mind the indian financial & investment Regulatory Framework. Any investor desirious of investment in india has to deal with the legal framework of the Indian financial System & Investment Industry. Does the CFA institute of USA offer anything in its Education & training that would help its charterholders to effectively deal with this requirement. Dont you think Any potential investor desirous of investing in India Would require this service from a CFA 122.50.220.179 (talk) 11:06, 29 August 2008 (UTC) —Preceding unsigned comment added by 122.50.220.179 (talk) 10:53, 29 August 2008 (UTC)

The articles title "Indian CFA" is rather preposterous and misleading. This article merely describes the program offered by ICFAI. So I think the title of the article should be changed to a more appropriate one rather than the current absurd title. (Akella 10:25, 15 August 2007 (UTC))

Hi, the article is called Indian CFA as its not available in US and Canada ,the article describes both the pros and cons. —Preceding unsigned comment added by 122.171.18.239 (talk) 14:52, 16 February 2008 (UTC)

The ICFAI clearly mentions in its prospect thats its CFA is different from CFA institute course. It is ICFAI which has made CFA course popular in India since 1985.

CFA institute CFA is good...no doubt about that. But that does not mean ICFAI CFA has no value.. it is a tough course and a great course and most of my friends got jobs after completing ICFAI CFA.

Please let the delhi high court decide the trademark case..till the case is finally settled, let ICFAI and CFA institute operate peacefully. —Preceding unsigned comment added by 122.163.188.227 (talk) 15:50, 10 October 2008 (UTC)

Biased

The article shows clear signs of Bias. There could be a strong possibilty of content manipulation by the involved party directly or indirectly. —Preceding unsigned comment added by Mhr2cool (talk • contribs) 05:30, 7 October 2007 (UTC)

The language is badly garbled. It is often impossible to discern the writer's meaning. I have cleaned up what I could, but the article still needs a lot of work. Albertod4 (talk) 21:20, 22 November 2007 (UTC)

There is only one CFA -the one offered by CFA Institute. That is also the Indian CFA. There are 15000 highly qualified students who take that every year (but only a small fraction passesit). The ICFAI is a fake degree. The firm runs a scam, takes innocent and college students from universities of low academic repute. I think this section was opened up as an advertisement for the ICFAI. —Preceding unsigned comment added by Sb445 (talk • contribs) 23:25, 25 May 2009 (UTC)

The guys who get jobs are from back office firms which foist them off as real CFAs to their US customers, who often do not know the difference. If the back office firms mention that it its an Indian CFA, these guys would be out of a job. —Preceding unsigned comment added by Sb445 (talk • contribs) 23:26, 25 May 2009 (UTC)

Futures of ICFAI and CFA

I have deleted the last paragraph as it seems that there is no proof about the brand rebuilding or change in name and it appears to show only the editors personal viewpoint.Shovon 12:59, 29 February 2008 (UTC)

Biased

Does a poor job of explaining the litigation between the two parties, the consequences and the trademark battle. Confuses the CFA Institute and tha AIMR.

Needs Rewriting

The whole article need rewriting. The text, in most cases is badly garbled and gives a confusing meaning. There are a lot of POV material and uncited/unrefernced statements. Needs attention from others. Shovon 12:56, 16 April 2008 (UTC)

In India, the CFA trademark belongs to whom? ICFAI or CFA Institute

In India, the CFA trademark belongs to whom? ICFAI or CFA Institute? —Preceding unsigned comment added by 59.180.17.191 (talk) 17:09, 25 June 2008 (UTC)

The CFA (Chartered Financial Analyst) trademark belongs to Icfai in India. As a matter of fact the CFA Institute probably does not hold the trademark for CFA outside the purview of USA and Canada. In the UK, already, their claim has been refuted by a court of law, although you cannot find any mention of this in their website. In fact, CFAI, is nothing but a body of individuals, which does not even have any legal validity as a degree granting institution in the USA itself. That's why it issues the CFA Charter and not a degree. Shovon (talk) 18:10, 25 June 2008 (UTC)

Who cares? It doesn't hold itself out to be a degree-granting institution. Just because that's the way it's done in India, that doesn't make it the only way to operate. Albertod4 (talk) 02:22, 4 August 2008 (UTC)

Of course! But, if you want to operate in India, you'll have to follow Indian rules. You can't hope to collect cash from India without giving a hoot to Indian laws. In the sentence above your comment, I was only commenting about the legal validity of the courses. BTW, are the CFAI graduates allowed to use the prefix CFA in the U.K.? Again, who cares! [[User:Shovon76|Shovon]] [[User talk:Shovon76|Talk to me]] (talk) 16:25, 9 August 2008 (UTC)

Seriously, do we need this article?

It's impossible for anybody to correct the grammar because it's impossible to discern what the original author was trying to say. Albertod4 (talk) 02:22, 4 August 2008 (UTC)

lets see whats the meaning of charter & what it means to protect the CFA institute with a patent

(1)’’’A PATENT FOR C.F.A

Well. First & foremost there are certified public accountants & there are certified management accountants in the united states of America & also in other countries.(please see the section of certified public accountants in wikipedia itself to see how many countries offer this qualification)(also see for chartered accountants) think if the American institute of certified public accountants tries to get a patent that it can only offer certified public accountant designation because perhaps it used it first & all other countries will be forced to use its services & follow its rules to run their own financial system & had to rewrite all their domestic financial legislations to reflect those prescribed by the American CPA

IMAGINE THAT

Every country has a unique financial system, thus requiring qualified financial professionals who understand the system & operate in it. That’s the reason why every country has its own statutory qualification for the accounting profession The same can also be said about the investment industry. the investment industry in India is different from that of the United states, thus the need for independent finance & investment qualification, ICFAI has done just that.

As regarding the American CFA being A truly international designation ':- well to be truly called international, a programme must accommodate the uniqueness of each financial system, where its designation holders seek to operate, in addition to the international laws & treaties, that govern international trade & investment. Needless to say the American CFA does not satisfy this criterion. It only accommodates American domestic financial legislations Plus international legislation

(2)Any Statutory qualification in finance & related field (given in a country) can be broadly divided in two parts

(a)The basic knowledgebase of different subject’s relating to accounting. Security analysis, portfolio management, management accounting, project management & the like. There is not much difference in what in taught in this country to what is taught in another.

(b)The legislative Part, i.e. the laws regarding accounting Disclosers , the prescribed methods of book keeping, income tax laws, investment related laws, foreign exchange related laws etc.Those differ from country to country

Anybody who has passed the American CFA or at least knows about the curriculum will be able to say that, the programme only contains legislation part that governs within the United States.

It is verifiable from the detailed curriculum of both programmes (Indian CFA as well as American CFA) that there is not much difference in the basic subjects taught

(3) So CHARTERED FINANCIAL ANALYST'''

Well let’s see what did countries of the world do when there was no CFA institute .Was there no financial analysis. As far as history goes the accountants did the job. Till the financial systems grew to vast proportions & work became too complex thus requiring specialists. Today MBA's ,Accountants,& other finance related professionals also do this job. So the CFA institute did not invent FINANCIAL ANALYSIS

''' NEXT:- CHARTER'''

Lets understand the meaning of the word charter ( the reader will do a great service to himself/herself if he/she looked up for this word in wikipedia itself or in any good English dictionary.)

A charter draws its strength from a sovereign legislative authority, like a countries parliament. So it not uncommon if some one asks by who (in case the country is ruled by king or queens) on by which legislature (in case the country is governed by a parliament) when you say that I am a chartered accountant or a chartered management accountant etc.

'(4)'SO HOW DID THE AWARD'ING OF CHARTER IN ACCOUNTING PROFESSION COME ABOUT.

When the business around the world were not so complex there were different methods of book keeping in practice usually within the same country or even within a same locality. When businesses grew in complexities & governments needed uniform tax bases to collect taxes, they encountered this problem. Hence in order to address this they prescribed uniform accounting methods that were enforced by legislation & had to be mandatorily followed.

Now since the body of knowledge of accounting is vast & complex & not everybody can be expected to be academically sharp enough to learn them/the legislators themselves could not create or moderate the body of knowledge .They had to institute authorities to prescribe & moderate uniform methods ,Train & examine individuals & confer designations of say "Chartered Accountants” on them .

A chartered Accountant is thus given an authority by a legislative body (parliament) to carry out the profession of accountancy. Every business functioning within the jurisdiction of the respective legislative body has to follow the prescribed accounting methods & get their account books audited by a chartered accountant.

(5) PATENT

In reality the CFA institute is seeking a Service mark protection(US law).According to United states law , such a mark has to be in use in commerce.Thus making it necessery to register it in order to stop infringement by compititors.(see for service marks in wikipedia)

So CFA institute is a commercial service organisation. It has not been instituted by a legislature of any Sovereign country .It does not have any authority to prescribe ,moderate or regulate any establish practice of financial analysis.

NOW THE BIG QUESTION

So what does it mean to give patent protection to CFA institute.

Countries around the world have seeked to regulate , moderate & streamline the accounting profession as & when they have felt the need to do so,by bringing in appropriate legislation .They have created approprate bodies that do this job for them & its members are awarded with charters to carry on their professions.

So when CFA institute comes in & asks For A Patent protection for the designation"chartered Financial Analyst". The effect is that via this patent protection the ability of the Parliament or a legislative body is impairsd of its authority to create an appropriate body to regulate & stream line any body of funtionalities in the realm of finance & investment,if at all it feels the need/as & when it feels the need (within the political & geographical limits of its jurisdiction)

Any attempt to create such a body & award charters to its members will come in the way of the patent protection Granted to the CFA institute

Now alternatively can the CFA institute be asked to perform/ can perform this function of prescribing, moderating & regulating the finance & investment related laws, & prevalent practices of each & every country where it seeks patent protection .I don’t think so.

Anyway's the legislators of the countries who have given such a protection to the CFA institute have to think about it.

Great Britain where the Awarding of charters first started (later the commonwealth of states also followed this practice).Did not award such a protection to the institute(please see the copy of the judgement in the reference section of the article on CFA in wikipedia).

Ash sbp (talk) 23:30, 28 August 2008 (UTC) —Preceding unsigned comment added by 122.50.220.179 (talk) 23:00, 28 August 2008 (UTC)

no Indian CFA Should not be mearged with ICFAI

It would eventually mean that there is no existance of any CFA designation Outside the perview of what is Granted by the CFA institute USA. Just like The CPA section or Chartered accountant (CA,ACA)section in wikipedia contains the names & detailed information on the different professional bodies award'ing those designations The CFA section should contain information on all the professional bodies around the world that legally provide this designation & its members continue to practice 122.50.220.179 (talk) 05:58, 29 August 2008 (UTC)

ICFAI and CCFA does not exist legally as per the DELHI HIGH COURT order , ICFAI university alone exists with state legislature, Hence its university programs can be merged with ICFAI (nw only a university) with no charter as CFA is the sole program with a Charter conferred from state legislature CFA should exist as a seperate article. —Preceding unsigned comment added by Saileshrh (talk • contribs) 17:20, 4 September 2008 (UTC)

if you want to know about a designation thet can truely call itself international designation in finance & investment its CIIA

ill talk about the programme & give details later Ash sbp (talk) 08:26, 29 August 2008 (UTC)

Will merge Institute of Chartered Financial Analysts of India and Indian CFA

Hi, I am going to merge Institute of Chartered Financial Analysts of India and Indian CFA, since both refers to the private ICFAI university content of both the article doesn't reflect ambiguity w.r.t the CFA programme. Please reply to this thread in case of concern. Will take time to do the same ;)
Gaurav Pruthi^talk 03:29, 25 October 2013 (UTC)

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