Industrial training
This query is : Resolved
GYANARANJAN DAS
(Querist)
14 September 2013
Dear, is it necessary a reference for industrial training in any company & also which type of company is best for training like manufacturing or software or banking sector.
Ajay Mishra
(Expert)
14 September 2013
Hi
There is no reference for Industrial Training. You go to the Institute for the same they will provide the details about availability of IT.
You can also go to the following link for the same:
https://www.icai.org/post.html?post_id=823
There is no reference for Industrial Training. You go to the Institute for the same they will provide the details about availability of IT.
You can also go to the following link for the same:
https://www.icai.org/post.html?post_id=823
Ajay Mishra
(Expert)
14 September 2013
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time.
(ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence.
(iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training.
(iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether
such trainees are articled assistants or audit assistants.
(v) An agreement of training is to be entered in the approved form i.e. Form No. 104
(vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105.
Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.
Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time.
(ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence.
(iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training.
(iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether
such trainees are articled assistants or audit assistants.
(v) An agreement of training is to be entered in the approved form i.e. Form No. 104
(vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105.
Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.
Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
GYANARANJAN DAS
(Querist)
14 September 2013
sir is their any scope for taking industrial training after completion of articleship .
Ajay Mishra
(Expert)
14 September 2013
No, it will be done during period of article ship.
GYANARANJAN DAS
(Querist)
14 September 2013
In my 2years of article ,i did not know anything except vouching.can i face some problem if i join industrial training.
Ajay Mishra
(Expert)
14 September 2013
If you wanted to do Industrial training u should follow the above procedure. Otherwise you will not be eligible to do IT.
GYANARANJAN DAS
(Querist)
14 September 2013
sir plz tell me clearly...what shall i do .
Ajay Mishra
(Expert)
14 September 2013
Generally the Industrial Training is upper level of article ship and in which it is asumend that the student have more experienced in compare to article ship, because he has given his 2 years in article ship.
If you have done article ship in last one and half year of vouchering work, then you are not have done more work in other area. The principal in Industrial training will expect from you more, so be prepared.
I will suggest you to do article ship, because you will face problem only 3 to 4 weeks. There after u will be go trough your fied if IT.
If you have done article ship in last one and half year of vouchering work, then you are not have done more work in other area. The principal in Industrial training will expect from you more, so be prepared.
I will suggest you to do article ship, because you will face problem only 3 to 4 weeks. There after u will be go trough your fied if IT.
GYANARANJAN DAS
(Querist)
14 September 2013
but sir i am very much interest to join in industrial training but in my firm their is no better scope for me.can u tell me sir minimum what type of knowledge need for joining in IT.Plz suggest me sir .now m hopeless for my future.
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