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Articleship completion problem

11 February 2016

My principal is not ready to except this working.

My question is that is my working correct ? or am I suppose to serve more days?

I	Total Days (3 *365)	1095
II	Less: Holidays	11
III	Less: Maximum Leave Allowed((156 or 152 (1/6th of 793) which ever is lower)	132
IV	Less: Sundays (52*3)	156
V	Total Working Days Required	796

A	Hours Required to worked in 560 Days (560/6*37)	3453
B	Actual Hours Worked	4891
C	Excess Hours worked (A-B)	1438
D	Excess hours converted into Working Days(1438/6*37)	233

VI	Actual Working Days	560
VII	Leave	379
VIII	Excess hours converted into Working Days (D)	233
IX	Total Working Days (VI + VIII)	793
X	Excess days	-3

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2 Replies

CA Amar Kumar (Chartered Accountant) (525 Points)
Replied 11 February 2016

You cannot switch from days to hours in the working. If you have worked excess hours, you'll get leave credit (in days) and that is by the mutual discussion of partner and article. Keep your working limited in days. See illustrative examples in articles guide issued by icai.

Sathish M (Management Accountant) (40581 Points)
Replied 13 February 2016

Leave to an articled clerk

An articled assistant shall earn at the rate of one-sixth of the period for which he has actually served, excluding from such period, the period for which he has been on leave subject to a maximum of 180 days.
An articled assistant who has served as an audit assistant before the commencement of his articles shall, in addition to the leave earned under this regulation, be entitled to leave equal to one-half of the leave earned and not availed of as an audit assistant, subject to a maximum of three months.
Leave due shall ordinarily be granted if reasonable notice has been given to the principal by the articled assistant.
For the purposes of preparing for an examination of the Institute, the articled assistant shall be granted by the Principal leave for three months or to the extent due, whichever is less, provided an application for the leave has been made at least fifteen day in advance.
Leave not earned may also be granted by the principal subject to the condition that the total leave to be taken by the articled assistant shall not exceed one-seventh of the total period of this actual service, together with the leave due under sub-regulation (2).
Notwithstanding anything contained in the foregoing sub-regulations, the principal shall allow the articled assistant to receive training in the Teritorial Army, the Home Guards or any similar organisation approved by the Council and shall treat the period of such training not exceeding sixty days in a year, as period actually served under articles.
For the purpose of this regulation, the days (including intervening holidays) on which an articled assistant appears for any examination under these Regulations or Attends a course of academy of accounting conducted by the Institute and recognised by the Council in this behalf, shall not be treated as have leave but would be treated as period actually served under articles.

Explanation - (1) For the removal of doubts, it is clarified that attendance by an articled assistant with the consent of the principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students association or a branch or a regional council for the benefits of assistants, shall be treated as period acutally served under articles.

(2) An articled assistant who has secured admission in a course at an academy of accounting conducted by the Institute shall be relieved by the Principal, without termination of articles, for attending the academy.