List of works an articled assistant should learn
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2013
List of works an articled assistant should learn during the course of his articleship.
02 October 2013
Hi
First of All, you should know what is Objective of Training:
Unique feature of the chartered accountancy curriculum is balanced approach towards theory and training by way of emphasizing commencement of the training at the beginning of the chartered accountancy curriculum and neither a stand–alone theory nor a practice without theoretical knowledge would make a professional successful. Followings are the objectives of the training:
(a) Developing skills in applying theoretical knowledge to practical situations
(b) Inculcating a disciplined attitude
(c) Imbibing due professional orientation
(d) Developing ethical values.
First of All, you should know what is Objective of Training:
Unique feature of the chartered accountancy curriculum is balanced approach towards theory and training by way of emphasizing commencement of the training at the beginning of the chartered accountancy curriculum and neither a stand–alone theory nor a practice without theoretical knowledge would make a professional successful. Followings are the objectives of the training:
(a) Developing skills in applying theoretical knowledge to practical situations
(b) Inculcating a disciplined attitude
(c) Imbibing due professional orientation
(d) Developing ethical values.
02 October 2013
CATEGORIES OF WORK EXPERIENCE
The categories of work experience are generally grouped as under:
Accounting
Auditing (including internal audit)
Taxation (Direct and Indirect)
Corporate and Allied Laws
Management Services (including services in the field of Financial Management like
business valuation, mergers and cquisition, portfolio managements equity research
etc.)
Information Technology
Other areas, if any
CATEGORIES OF WORK EXPERIENCE
The categories of work experience are generally grouped as under:
Accounting
Auditing (including internal audit)
Taxation (Direct and Indirect)
Corporate and Allied Laws
Management Services (including services in the field of Financial Management like
business valuation, mergers and cquisition, portfolio managements equity research
etc.)
Information Technology
Other areas, if any
02 October 2013
Accounting includes Financial Accounting and Management Accounting:
Maintaining of books of accounts, manual or computerised
Preparing final accounts
Application of statutory provisions, compliances with of Accounting Standards and
other pronouncements of the Institute, etc.
Analysis and Interpretation of financial statements
Preparing and reviewing budgets
31
Preparing and reviewing fund flow and cash flow statements.
Accounting includes Financial Accounting and Management Accounting:
Maintaining of books of accounts, manual or computerised
Preparing final accounts
Application of statutory provisions, compliances with of Accounting Standards and
other pronouncements of the Institute, etc.
Analysis and Interpretation of financial statements
Preparing and reviewing budgets
31
Preparing and reviewing fund flow and cash flow statements.
02 October 2013
Auditing includes statutory audits, audit of various type of business and non-business organisations, tax audit, EDP audit, internal audit, operational audit, management audit and certification work:
Preparing audit programmes
Audit working papers and documentation
Understanding, recording and evaluating internal control system
Performing substantive audit procedures
Scrutinising financial statements
Compliance with auditing and assurance standards
Drafting audit report.
Auditing includes statutory audits, audit of various type of business and non-business organisations, tax audit, EDP audit, internal audit, operational audit, management audit and certification work:
Preparing audit programmes
Audit working papers and documentation
Understanding, recording and evaluating internal control system
Performing substantive audit procedures
Scrutinising financial statements
Compliance with auditing and assurance standards
Drafting audit report.
02 October 2013
Taxation includes both direct and indirect taxes:
Computation of Total Income under Income tax law
Computation of Total Wealth under Wealth tax law
Preparation and filing of returns under various direct tax laws like Income-tax,
Wealth-tax etc.
Valuation of stocks, securities, etc. for the purpose of various direct tax laws e.g.
Wealth Tax, Income from Capital Gains, etc.
Tax Planning
Drafting of relevant deeds, documents, schemes etc.
Preparation and filing of returns under various indirect tax laws like Excise Law,
Central Sales Tax, State Sales Tax, Service Tax, Expenditure Tax, etc.
Classification and valuation under various indirect tax laws like Excise Law, etc.
Procedural compliance under various direct and indirect tax laws e.g. Tax
deduction/collection at source, interest for late payment of taxes, appeals etc.
Taxation includes both direct and indirect taxes:
Computation of Total Income under Income tax law
Computation of Total Wealth under Wealth tax law
Preparation and filing of returns under various direct tax laws like Income-tax,
Wealth-tax etc.
Valuation of stocks, securities, etc. for the purpose of various direct tax laws e.g.
Wealth Tax, Income from Capital Gains, etc.
Tax Planning
Drafting of relevant deeds, documents, schemes etc.
Preparation and filing of returns under various indirect tax laws like Excise Law,
Central Sales Tax, State Sales Tax, Service Tax, Expenditure Tax, etc.
Classification and valuation under various indirect tax laws like Excise Law, etc.
Procedural compliance under various direct and indirect tax laws e.g. Tax
deduction/collection at source, interest for late payment of taxes, appeals etc.
02 October 2013
Information Technology including computer applications:
Use of skills acquired by the students during the 250 Hours Compulsory Computer
Training/100 Hours Information Technology Training in their actual work areas such as:
Use of customised or standards accounting packages, Enterprise Resource
Planning, etc.
Developing and maintaining data bases
Data Extraction and analysis techniques
32
E-commerce – audit and legal considerations
System development life cycle
Business continuity planning
Information Security
Information Systems Audit
Cyber Laws and Information Technology.
Information Technology including computer applications:
Use of skills acquired by the students during the 250 Hours Compulsory Computer
Training/100 Hours Information Technology Training in their actual work areas such as:
Use of customised or standards accounting packages, Enterprise Resource
Planning, etc.
Developing and maintaining data bases
Data Extraction and analysis techniques
32
E-commerce – audit and legal considerations
System development life cycle
Business continuity planning
Information Security
Information Systems Audit
Cyber Laws and Information Technology.
Message likes :
1 times
02 October 2013
Management Consultancy and other services including services in the field of
financial management and corporate affairs such as:
Preparation of fund flow and cash flow statements and forecasts
Projection of working capital requirements
Preparation of project reports
Preparation and processing of loan applications
Amalgamation and merger schemes
Planning capital structure
Drafting of Memorandum and Articles of Association
Formation of companies
Preparation and analysis of prospectus
Raising of capital, new issues and matters concerned therewith including SEBI
Guidelines
Drafting of minutes
Insolvency/Liquidation proceedings.
Management Consultancy and other services including services in the field of
financial management and corporate affairs such as:
Preparation of fund flow and cash flow statements and forecasts
Projection of working capital requirements
Preparation of project reports
Preparation and processing of loan applications
Amalgamation and merger schemes
Planning capital structure
Drafting of Memorandum and Articles of Association
Formation of companies
Preparation and analysis of prospectus
Raising of capital, new issues and matters concerned therewith including SEBI
Guidelines
Drafting of minutes
Insolvency/Liquidation proceedings.
02 October 2013
Other areas may include work study, organisational structure, design and conduct of training programmes, corporate planning.
The categorization of work experience as above should not be considered exhaustive or rigid as it is quite likely that working in a particular field may also overlap with other areas. For instance, work experience in the area of accounting and auditing may not be distinguishable in actual practice as both areas are quite inseparable from each other. Further, application of knowledge of information technology is inseparable from training an in accounting and auditing.
The categorization of work experience as above should not be considered exhaustive or rigid as it is quite likely that working in a particular field may also overlap with other areas. For instance, work experience in the area of accounting and auditing may not be distinguishable in actual practice as both areas are quite inseparable from each other. Further, application of knowledge of information technology is inseparable from training an in accounting and auditing.
Message likes :
1 times
02 October 2013
Wow..
Thank you Ajay Sir,
For providing the areas where an articled assistant can improve his skills and Knowledge...
Thank you Ajay Sir,
For providing the areas where an articled assistant can improve his skills and Knowledge...
Message likes :
1 times
02 October 2013
My Pleasure dear Aryan...........
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2013
Thanks a lot sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- LTCG for Assmt year 26-27
- What is provisional receipt number for generation of form 16A
- TDS related Query_Liquidated Damages
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
