Industrial Training Vacancy Chennai Aditya Birla Money

Industrial Training Vacancy in Aditya Birla Money, Chennai:

Required:

Young, Energetic and Ambitious candidates having good communication skills Candidate will work under multiple are asincluding core accounts, MIS, taxation.

Vacancies at corporate office, Chennai

How to apply:

Send your CV to revathy.a@adityabirla.com

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Industrial Training Vs Articleship - A Practical comparision

In Chartered Accountancy, we put a lot of emphasis on articleship with a CA firm and there are very few students who enjoy the learnings and benefits of Industrial Training (IT). Also, the corporates miss a big opportunity to get great financial talent available among the CA students at low cost.
I was reading our monthly CA Journal and saw a link available on Board of Studies for ‘Online Articles Placement Portal’.

I clicked that link (http://bosapp.icai.org/) and was disappointed to see that only students and CA firms can register and decide the respective placements. There is no room for corporates to register and hire industrial trainees. In my opinion, our Institute needs to add this facility on this link, to facilitate access of CA Students to various corporates for Industrial Training.
There are a lot of benefits of doing Industrial Training in the 3rd year of articleship when a student has already spent 2 years in regular audit work in a CA firm.

• One gets to know how a company actually works. This really helps in future as one can apply the same fundamentals to every industry or company.
• You learn about how to work towards improving the future instead of finding out mistakes of past – setting up processes, removing inefficiencies, taking preventive measures for non-compliances, analysing financial decisions with respect to their future impact and much more.
• If you do good work in a corporate during Industrial Training, you are likely to get placed in the same company post qualification. You will get better compensation because of your experience in that Company as a trainee and hence you get a better start in your career. For IT period too, a corporate will surely pay much more than a CA firm because of the low stipend rate limits set by ICAI for the CA firms. Though money in not an important decision making factor in the learning stages of career, one should know that what he or she gets paid is also decided on the basis of value of his or her work to a particular organisation. A corporate will surely put more worth to your work than a CA firm, even more than a BIG4.
• All these are subject to the Company you choose to work for. This should be true in most of the professionally run/ multinational companies.

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CA Articleship Status - Check Membership Details, Article Students List

Check your CA Articleship status with ICAI:

One can know the complete list of the students doing articles under a Chartered Accountant. However, The following page is not working. Students need to check back frequently to check their Articleship details.

Just go to following link and at the end, instead of those 'xxxxxx', put the Membership Number of the respective CA.

http://220.225.242.179/locm_article.asp?MRH_MRN=xxxxxx

Things to know about Industrial Training:

• An articled clerk who has passed the Professional Education (Examination - II) or the Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time: 
  
  Provided that the articled clerk has intimated to his Principal his intention to take such industrial training at least three months before the date on which such training is to commence.";
• An articled clerk who has passed the Professional Education (Examination - II) or the Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time:

• Provided that the articled clerk has intimated to his Principal his intention to take such industrial training at least three months before the date on which such training is to commence.";

• The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training.
• The industrial training shall be received under a member of the Institute. An Associate who has been a member for continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether such trainees be articled clerks or audit clerks. 

• An agreement of training shall be entered into in the form approved by the Council.
• On satisfactory completion of the Industrial training, the member training the industrial trainee, shall forthwith issue to the trainee a certificate in the form** approved by the Council in respect of the training undergone under him and forward a copy thereof to the Secretary. 

The period of industrial training referred to under this regulation, should be treated as service under articles for all purposes of these regulations, provided the certificate referred to in sub-regulation (5) is provided.

Who is eligible for undergoing industrial training? A Student who has passed IPCC and is serving last 12 Months of Articled Training What is the maximum and minimum period of industrial training? A Student of Final Course can undergo Industrial Training for a maximum period of 1 Year and minimum period of 9 Months e.e., the period may range between 9 months and 1 year. Who is eligible to provide industrial training to an articled assistant and which are the required forms to be filled? An articled assistant can take industrial training under a member of a institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a fellow member shall be entitled to train two industrial trainees at a time. There should be an agreement of Industrial Training in form No.104 which will be submitted to the concerned decentralised office with in 30 days of the commencement of the training. On Satisfactory completion of industrial training by an articled / audit assistant, the member under whom the industrial training is received shall issue a certificate in form No:105 in respect of the training undergone and to be submitted to the concerned decentralised office within 30 days of the completion of the training. It is required to maintain details of work undertaken and training received the prescribed format.

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