A part from CA Course passing the three levels of exams i.e. Foundation, Intermediate and Finals. Every student pursuing CA course is required to undergo 3 years articleship training under a Chartered Accountant.If you want to become a CA then appearing and clearing the exams you need to work under a practicing CA.
What is Articleship?
Articleship is the most important phase of your CA courses. Articleship is a wonderful opportunity for a student learns and earns simultaneously.It gives you the chance to work under the best professional of the industry. It is compulsory for every student and completion of Articleship is must to be eligible to appear for CA final Examination
Articleship is the 3 year training which a student has to go through to complete the course. Articleship is of 3 years but a student can appear for his exams after completion, which means you can become a CA even before completion of your Articleship.
Importance of Articleship in CA?
Articleship during the CA course reminds us of the saying “Practice makes a man perfect”. This practical training incorporated with CA course helps to acquire a disciplined work attitude and develop the essential skills needed as a professional.
Articleship, right from the very beginning has been made mandatory for all students pursuing chartered accountancy profession.
Why to do CA Articleship?
Articleship during the course of CA is act as a backbone of the career. A qualified CA without proper Articleship will not in a position to of handle the practical situations which will come during employment period as he has not gone through the experiences.
It’s a golden opportunity for a student to learn and earn simultaneously. It gives you the chance to work under the best professional of the industry. During Articleship, students gain the practical knowledge and learn how to apply the knowledge gained from the books.
Duration of Articleship?
Out of 3 years of practical training, it is mandatory that first 2 years are served under a Chartered Accountant in practice. However in the third year a student can continue his Articleship under chartered accountant in practice.
What work is done in a CA Articleship?
CA Articleship following there is following work.
- Book keeping.
- Filing of income tax returns of individuals, partnership firms and companies.
- Audits of entities as per different laws.
- Internal audit of entities and presenting reports to the management.
- Preparation of financial statements of companies..
- Assistance in valuation of entities.
How to choose famous CA Articleship Firms?
Choosing a CA firm which will provide you a good exposure is a task. One can take the advice and guidance from seniors and from the students who are going through or have completed their Articleship.
TERMINATION OF ARTICLESHIP:
If the CA student is willing to change the CA firm in which he/she is doing his/her Articleship because of any reasonable reason. Then according to the institute prescribed norms one can take transfer from one firm to another only during first year of the Articleship by filling an application form of 109 to the principal.
In Articleship 2 out 3 years of Articleship are compulsory to be served under a chartered accountant in practice. However in the 3rd year a student can continue his Articleship under chartered accountant in practice or can opt for training under a CA in employment also known as industrial training .Industrial training will be useful during the employment period after completing CA course and for campus placement organized by ICAI.
Hence, the Articleship should be done with lots of patience and persistence and grab all the opportunities, you can learnt from it for your future career growth.
Failure will never overtake me if my determination to succeed is strong enough. .Thank you