In the case of the foundation route, the student starts the professional course after completing the 12th standard. It is easy to pass foundation and inter along with B.com. In the case of Intermediate, students need to take morning class for CA intermediate, then college, and finally evening time for the self-study. After completing B.com, it is easy to do the CA final. The knowledge that students gain from B.com is nothing when compared to CA. So, B.com is only for confidence. It is not going to help in CA. It is wise to take CA and B.com simultaneously. CA takes 5 years after the 12th standard. In the argument of success factor for B.com Choosing the foundation route is the best one. There is a difference in legal provisions between internship contracts and employment contracts. The labor law and the laws relating to internships don’t go hand in hand. In the case of Chartered accountancy, the first two years students need to work under CA firm and the last one year they can opt for industrial training. Industrial training is not compulsory but it is optional.
How to know the internship vacancy?
- RR academy has referrals in big companies who work as a point of contact for the existing students. So, the referral list has been maintained after every placement for future purposes. The article ship vacancy is not declared through advertisement or online portal in the companies. It is known through old employees.
- There is a website portal from the ICAI institute where the students and CA firms get a connection. This portal is to register for the article ship training and then the CA firm will directly contact the concerned person.
- There are general portals available online for article ship vacancies. The chartered club is the job section to help chartered accountants with the job search.
- There are two options like candidates with group one certificate and candidates with group two certificates. There is a general awareness that companies prefer a candidate with group two certificates as they have more knowledge. But work with study makes the learning interesting. So, taking an internship after group one is good to gain practical knowledge. It provides an inter-relationship between learning from books and learning from work.
The dress-code during the article ship period
In the year 2020, ICAI said in an announcement that it instructs the students to wear a formal code of dress. In India, the formal dress- code is salwar, kurta, and saree. In the working environment where there is exposure to the global market, ICAI is taking the students back to the traditional working culture. This enhances the formal approach during the article ship training which ultimately makes the students understand the problems of the internship. The student life and professional life vary in terms of the relationship but there is no change in the mindset of the students. For male students, it is shirts with full sleeves and trousers. The president of CA Institute G.Ramaswamy said that it is useful for cultivating professionalism. The ICAI institute states that the students need to maintain decorum and decency during conferences, seminars, article ship training, and mock tests.
Does article ship training is counted as job experience?
In the engineering colleges and management colleges, the internship period is just 3 months. There is a generic question from students that Is unpaid internship is illegal? And the unpaid internship is worth it? Problems during internship training show that internship experience prepares the students for the challenging business environment. In CA course the article ship period is three years. One of the prominent questions is that does the article ship training during CA is considered as job experience? The answer is that from a job perspective, Companies consider article ship training as job experience. From the MBA perspective, the B-schools do not have a clear stand on this. Some consider the experience of the student after completing B.com graduation. So, the article ship training is not considered as it is at a young age and before to the graduation some times. One thing is that internship has to be full-time and with high-level net worth projects. Full-time work and high-value work are considered job experiences as they are challenging ones. Chartered accountants try for other courses like MBA, ACCA, CPA, and CMA. So, for all these other courses article ship experience is useful. Before taking article ship training take a list of CA firms which your friends say. And if you want you can take it from the internet also then it is available. Maintain the details in the excel sheet and collect the information about the client details of these firms. It seems to be like a hobby but this will educate you about the different projects and problems in an internship in CA firms like Indian companies audit, foreign companies audit, PSUs, and government departments audit, etc., depending upon the area of interest one can opt for either the Tax CA firms or Audit CA firms. The size of the CA firm such as big, small, and medium also plays a role in the professional experience of the articled assistant.