HEY IS DOING INDUSTRIAL TRAINING AN ADVANTAGE FOR AN ARTICLE STUDENT.
Saurabh Malpani (CA Final) (514 Points)
28 March 2012HEY IS DOING INDUSTRIAL TRAINING AN ADVANTAGE FOR AN ARTICLE STUDENT.
Karthikeya2020
(Student)
(2030 Points)
Replied 28 March 2012
Hi Saurabh...
There is so many benefits in doing Industrail Training, U can increase knowledge from wide area of company.
And u had a lot of benefits from learning skills of handling all area's department of company.
U can see below link for further details also...
https://www.charteredclub.com/should-ca-students-opt-for-industrial-training-in-a-company/
https://www.charteredclub.com/are-ca-students-allowed-to-undergo-articleship-training-in-a-company/
Karthikeya..
Ajay Mishra
(Company Secretary)
(74332 Points)
Replied 28 March 2012
Hi
INDUSTRIAL TRAINING:
It is a training scheme by which a student can undergo practical training within an approved industrial undertaking having specified amount of fixed assets or turnover or paid – up share capital.
OBJECTIVE OF INDUSTRIAL TRAINING:
· Training in an industrial / commercial / financial environment provides the trainees with the opportunity to develop a problem solving attitude and to have an insight into the functioning of the accounts department.
· It also diversifies their practical experience and helps them in developing the attributes of team work and correlation with members of other professions and disciplines.
· It is intended to provide the trainees with a new dimension to their experience.
· This would necessarily involve exposure of trainees to the entire gamut of activities of industrial establishments in a phased and systematic manner.
· An exposure to the working environment of a large commercial organization will give them an integrated view of its operations.
· It is essential that the member imparting training in industrial including commercial and financial enterprises,
recognizes that perception of the overall business environment is the prime objective of such training.
An articled assistant after passing PCE can undergo industrial training during last 9-12 months of articled training. An articled assistant shall intimate to the MIT / Principal about his intention to undergo industrial training at least 3 months before the date on which such training is to commence.
Industrial training can be performed in financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover of Rs.10 crore; or minimum paid–up share capital of Rs.50 lakhs; or such other institutions or organization as may be approved by the Council from time to time.
Saurabh Malpani
(CA Final)
(514 Points)
Replied 03 April 2012
but what are the disadvantages in industrial trainning if we are in finals
Karthikeya2020
(Student)
(2030 Points)
Replied 03 April 2012
Nothing is there disadvantages in Industrial Training, u have to manage all the time for ur preparation and other things regarding Final course that's all.
If any means main reason for preparing for that only.
Industrial training will help for theory subjects and practical also by way of doing particular team.
Don't be think negatively for doing Industrial Training.
All the best for ur Career.
Best Regards,
Karthikeya...
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