industrial training
This query is : Resolved
21 March 2009
information about industrial training. when its started, qualification required for the same, how to get placement.
21 March 2009
For information about industrial training procedures pl visit www.icai.org/post.html?post_id=772.
06 August 2009
the above mentioned link does not provides information the qualification which a student required to join industrial training,
01 August 2024
**Industrial training** for Chartered Accountancy (CA) students is an important part of the CA curriculum designed to provide practical exposure and hands-on experience in a corporate or industrial setting. Here’s a comprehensive overview:
### **1. Introduction and Purpose**
- **Objective:** The primary aim of industrial training is to provide CA students with practical experience in an industry environment, enhancing their understanding of business operations and management beyond the typical audit and accounting practices.
- **Duration:** The training typically lasts for 9 to 12 months.
### **2. When Industrial Training Started**
- **Historical Context:** Industrial training was introduced as part of the CA curriculum by the Institute of Chartered Accountants of India (ICAI) to ensure that CA students gain practical insights and experience in industry settings, complementing their theoretical knowledge.
### **3. Qualification Requirements**
- **Eligibility Criteria:**
- **Completion of Articleship:** Candidates must complete at least 2 years of their 3-year articleship training.
- **Timing:** Industrial training can be commenced after completing 2 years of articleship, and typically in the last year of articleship.
- **Minimum Requirement:** Generally, students should be in their final year of articleship to be eligible for industrial training.
### **4. How to Get Placement for Industrial Training**
- **ICAI Placement Cell:**
- **Website:** Check the ICAI website or your regional ICAI office for placement assistance. ICAI often has a placement cell that helps students find industrial training opportunities.
- **Notifications:** Look for notifications and updates about industrial training vacancies.
- **Direct Application:**
- **Company List:** Refer to the list of approved companies for industrial training provided by ICAI. Contact these companies directly to inquire about training opportunities.
- **Resume & Cover Letter:** Prepare a professional resume and cover letter tailored to the company and position you are applying for.
- **Networking:**
- **Peers & Alumni:** Reach out to fellow CA students, alumni, and professionals who might have information about available positions.
- **Mentors:** Seek guidance from mentors or faculty members who might have industry contacts.
- **Online Platforms:**
- **Job Portals:** Use job portals like LinkedIn, Naukri.com, and Indeed to search for industrial training positions.
- **Company Websites:** Visit the careers section of companies that interest you.
### **5. Procedure to Apply for Industrial Training**
- **Application:**
- **Form 109:** Submit Form 109 to ICAI to apply for industrial training. This form is used for reporting the commencement and completion of industrial training.
- **Cover Letter:** Prepare a cover letter addressed to ICAI mentioning your intention to undergo industrial training and details about the company where you will be training.
- **Recommendation Letter:** Obtain a recommendation letter from your current principal (if required).
- **Approval Process:**
- **ICAI Approval:** Submit the required documents to ICAI for approval. The approval process ensures that the company meets ICAI’s criteria for industrial training.
- **Documentation:**
- **Documents to Submit:** Include Form 109, a cover letter, and any additional documents as required by ICAI. Ensure all forms are duly signed and completed.
### **6. Key Points to Remember**
- **Training Certificate:** After completing your industrial training, ensure you obtain a certificate from the company confirming your training period and experience.
- **Stipend:** Industrial training typically does not guarantee a stipend. However, some companies may offer a stipend during the training period.
For the most current information and specific requirements, always refer to the latest guidelines and circulars issued by ICAI. If you have any more specific questions or need further assistance, feel free to ask!
### **1. Introduction and Purpose**
- **Objective:** The primary aim of industrial training is to provide CA students with practical experience in an industry environment, enhancing their understanding of business operations and management beyond the typical audit and accounting practices.
- **Duration:** The training typically lasts for 9 to 12 months.
### **2. When Industrial Training Started**
- **Historical Context:** Industrial training was introduced as part of the CA curriculum by the Institute of Chartered Accountants of India (ICAI) to ensure that CA students gain practical insights and experience in industry settings, complementing their theoretical knowledge.
### **3. Qualification Requirements**
- **Eligibility Criteria:**
- **Completion of Articleship:** Candidates must complete at least 2 years of their 3-year articleship training.
- **Timing:** Industrial training can be commenced after completing 2 years of articleship, and typically in the last year of articleship.
- **Minimum Requirement:** Generally, students should be in their final year of articleship to be eligible for industrial training.
### **4. How to Get Placement for Industrial Training**
- **ICAI Placement Cell:**
- **Website:** Check the ICAI website or your regional ICAI office for placement assistance. ICAI often has a placement cell that helps students find industrial training opportunities.
- **Notifications:** Look for notifications and updates about industrial training vacancies.
- **Direct Application:**
- **Company List:** Refer to the list of approved companies for industrial training provided by ICAI. Contact these companies directly to inquire about training opportunities.
- **Resume & Cover Letter:** Prepare a professional resume and cover letter tailored to the company and position you are applying for.
- **Networking:**
- **Peers & Alumni:** Reach out to fellow CA students, alumni, and professionals who might have information about available positions.
- **Mentors:** Seek guidance from mentors or faculty members who might have industry contacts.
- **Online Platforms:**
- **Job Portals:** Use job portals like LinkedIn, Naukri.com, and Indeed to search for industrial training positions.
- **Company Websites:** Visit the careers section of companies that interest you.
### **5. Procedure to Apply for Industrial Training**
- **Application:**
- **Form 109:** Submit Form 109 to ICAI to apply for industrial training. This form is used for reporting the commencement and completion of industrial training.
- **Cover Letter:** Prepare a cover letter addressed to ICAI mentioning your intention to undergo industrial training and details about the company where you will be training.
- **Recommendation Letter:** Obtain a recommendation letter from your current principal (if required).
- **Approval Process:**
- **ICAI Approval:** Submit the required documents to ICAI for approval. The approval process ensures that the company meets ICAI’s criteria for industrial training.
- **Documentation:**
- **Documents to Submit:** Include Form 109, a cover letter, and any additional documents as required by ICAI. Ensure all forms are duly signed and completed.
### **6. Key Points to Remember**
- **Training Certificate:** After completing your industrial training, ensure you obtain a certificate from the company confirming your training period and experience.
- **Stipend:** Industrial training typically does not guarantee a stipend. However, some companies may offer a stipend during the training period.
For the most current information and specific requirements, always refer to the latest guidelines and circulars issued by ICAI. If you have any more specific questions or need further assistance, feel free to ask!
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