Is it necessary to do industrial training?

Is it necessary to do industrial training?

It is not mandatory to pursue Industrial Training. It is entirely up to the discretion of the candidate whether he/she wants to pursue Industrial training or complete 3 years of articleship under his/her existing Principal.

Is industrial training compulsory for CA students?

First of all, students shall note that ICAI Industrial Training is not a mandatory part of Chartered Accountancy course like articleship training. The candidates who wish to pursue their career in industries can be beneficial with such training.

When can an article go for industrial training?

The period of such training may range between nine and twelve months by informing the Principal about your intention to undergo industrial training at least three months before the date on which such training is to commence.

Why industrial training is important for CA students?

The first and foremost reason and benefit of Industrial Training for CA Students is the industry exposure. You get to work in the corporate environment where your role is not much sketch out as it was in your articleship. So while you are working in the Industry you will get superb industry exposure.

What is industrial training?

Definition of Industrial Training The Industrial Training indicates to a program which aims to provide a managed good practical training within a particular time frame. The main objectives of the industrial training is to provide the best and relevant theoretical knowledge to gain in a particular time period.

What is the benefit of industrial training?

During the industrial training, students can put their theoretical knowledge to practice and realise their actual potential. Industrial Training is also a period of learning and the overall development of a student into a professional.

What is the meaning of industrial training?

industrial training refers to experiential learning through placement of students in organisations of selected industries to undergo supervised practical training, locally or abroad, within a certain period of time as part of the requirement for certification.

What if principal does not allow for industrial training?

Per ICAI rules, your Principal cannot stop you from pursuing industrial training. In this case, you should send out a letter to BoS stating facts of the case and reach out to a council member as well.

Is industrial training good for CA students Quora?

Industrial training is very much beneficial for a CA Student in terms of Stipend. Jokes apart, industrial training is a part of Articleship about which very less student are aware. A CA student under articleship can opt for industrial training in his last year of articleship.

When Can CA students do industrial training?

104 for CA Industrial Training: The Company imparting Industrial Training is to be approved by the Institute. The list of such approved companies can be accessed here.

What is the scope of industrial training?

Industrial Training permits the aspirant to get exposure of the organization, get new insights & viewpoints and fresh ideas about the working techniques. It also helps to grow the required skill sets. It provides the students an opportunity to escalate & understand the practical aspects of their academic programme.

What do you do in industrial training?

Industrial training offers the students with important practical knowledge and skills and encourage them in becoming a successful and best professional engineer. The main objectives of the industrial training is to provide the best and relevant theoretical knowledge to gain in a particular time period.

Why are students in auditing colleges forced to sit in offices?

Even when there is not much audit work, still the students are forced to sit in their respective offices & do some other unofficial/personal work of the principal which in no way is related to practical training. This results in wastage of precious time of the students which could otherwise have been utilised in studying.

Who can I receive industrial training from?

Ans: Industrial training shall be received under a member of the Institute employed in the Industrial Unit or Member in Industry.

Can an articled assistant work without the consent of the principal?

Without consent of the current principal, an articled assistant cannot proceed further. This is one the biggest downfall in the procedure, because where an articled assistant is working with such a low stipend and willing to transfer, how can a person (principal) allow him to do so. This is the matter to think

How long is the period of Industrial Training?

The period of such training may range between nine and twelve months by informing the Principal about your intention to undergo industrial training at least three months before the date on which such training is to commence. Q: Is the Industrial Training period covered in the 3 years of Practical Training?