Industrial training

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MADHAV AGARWAL (Querist)
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09 October 2013 if i wish to take up industrial training in d last year of my articleship as is prescribed by d institute..dn hw wil i manage my coachnz n wt abt d preparation leave fr finals as d training itself is fr atleast 9 mnths nd dt 2 in d last yr..cn nebody plz throw sum lyt on d ideal curriculum if one takes up industrial training..

Ajay Mishra

Ajay Mishra (Expert)
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09 October 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.

Ganeshbabu K

Ganeshbabu K (Expert)
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09 October 2013 1)you need to analyize about that because you only aware of timings of your company where you are working as industrial trainee...
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generally no company will give more than 1.5-2 months leave for exams..generally they discourage leaves
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2)after knowling timings of your office plan for coaching and preparation

Ajay Mishra

Ajay Mishra (Expert)
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09 October 2013 For doing preparation with Industrial Training you will take leave as many student do to complete the final course for exam purpose.

So I will suggest you to take leave during exam time to complete the final.

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