As the saying interprets that everything happens for a reason RR Academy intend to start the blog content with a quest to value the accounting wizard examination. By reading the previous blogs, the commerce student would have understood the importance of syllabi and competitive examinations. This blog curated the scholarship and financial stress of a student. Financial stress happens to be dispersed in three stages of the course. The foundational level, intermediate level and final level. Let us discuss the topic with personalisation to understand the initial life of a student. The scholarship and placement support are provided by ICAI and RR Academy also. The difference is handled with a personalised approach. RR Academy management suggests the best way to manage the fees. The fee concession is for the foundation and intermediate levels. And after these levels, the students can choose the option of ‘earn when they learn’.
Scholarship to foundation students:
The accounting wizard examination from RR Academy is for state and central board school students. Before the accounting wizard examination, the details of school accounts teachers, mail IDs of parents and phone numbers are collected. The accounting wizard examination had been conducted with a nominal fee of 75 rupees. The institute offer scholarship of thirty to forty per cent to merit students. The student joining the foundation course benefit from this encouragement. They can do the correspondence course for B.com and continue the foundation with reasonable fees. After completing the foundation on the first attempt, the student understands the right time to join the intermediate level. Eight months of preparation is essential for the intermediate level. Students arrange the money for the two groups and complete this examination. With different monetary sources, the initial support with finance continues till the completion.
Scholarship to intermediate-level students:
If the students struggle during the intermediate level, the institute arranges for a financial loan. The student can repay this loan after the completion of the examination. ICAI also help needy students and merit students. The intermediate level is the advanced level, and the right amount of coaching is important. So, students can take help from ICAI or banks. The right time of coaching will help to start the profession at the right age. After the intermediate level, it is easy to manage financial problems as there is a source of income. Yes, students earn after the intermediate level. The article ship training will offer a stipend. And this stipend will help with learning and saving for the final level of the course. The job and salary savings are enough to pay the fees for the final level. If the amount is insufficient, the student can earn for more periods and write the exam later. After acquiring the required knowledge, it is easy to clear the final-level examination. Students need to bear in mind that the intermediate level requires some money. After completing the intermediate level, the students are honoured as a graduate by the companies. The announcement from UGC states that the intermediate is equivalent to B.com. And the final is equivalent to M.com. The value of the professional increases as per the level of the CA course.
Article ship training benefits:
Article ship training is beneficial to the students as they understand the future. The students earn money to pay the fees for the final level. To know the importance of article ship training, read the following points. The students learn these skills from the article ship training.
Article ship training makes the student understand professional etiquette. The Top level management’s communication and work process make the student understand the professional environment.
Students understand the procedure of the tax filing and auditing process practically.
Article ship training educates about the case studies in the final year. They understand the case studies from practical experience.
The students understand the importance of time management and preparation of reports on time for the auditing process through the article ship training.
Students understand the placement opportunities and the job roles after the article ship training.
Students understand the monetary benefits also after the training. By investing time and money in the initial stage, the student would be benefitted after becoming a chartered accountant. They understand the financial life of an auditor after completing the article ship training.
Placement support after final level completion:
The different chapters of ICAI offer placement support to the students. If the students are willing to work out of the station, they may attend the interview in the other chapters also. Apart from the support of ICAI, RR academy also arrange for the placement from known sources. ICAI grab more from the students with a record of the first-attempt pass, good marks and big four firm article ship training. The other students who come under the category of multiple attempts and article ship training from an audit firm, learn by experience. These students are given more importance in RR Academy. We guide them to join our old student’s audit firms, and after getting the experience, they may work as faculties at RR Academy. These students prefer to join small audit firms and faculty jobs in the initial stage of their professional life. After gaining experience, they outperform the professionals in big companies and independent audit firms.
The scholarship from RR academy is like a companionship for walking in the right direction. In the initial stage, the students struggle due to financial issues and motivational factors. RR Academy takes it as a challenge. The motto of the institute is to gift professional education to poor or weaker section students. Engineering and medicine are impossible without voluminous money. The CA, CMA, ACS, government jobs and teaching jobs are the professions which have more competition and less financial element. Students from poor families prefer to get into finance, government and teaching jobs. Institutes like RR Academy contribute their energy to uplift the weaker section.