Hello friends, in this article I will discuss some of the points which every CA student should keep in mind while pursuing articleship training. Although the list of suggestions is not exhaustive, it will give some inputs for those who will commence their articleship training in future. In the next article, I will discuss how you can capitalize it to boost your CA Final preparation. Smart use of your articleship experience will save your substantial time in CA Final exam preparation. So let’s begin.
I don’t know how many of you will agree with me, but it is a fact that your articleship is the foundation for your CA Final success and has a lion’s share. The reason for this is that the articleship will teach us lessons for life. Also, it builds us as a Professional. The institute has specified 3 years articleship mandatory to appear for CA Final Exams. The reason for the same is that our beloved institute wants that every chartered accountant after completion of this course must have command over subjects in this course. This 3 years of articleship give us time to learn the practical aspects of the business world. This eventually leads to developing an article trainee to a Qualified Chartered Accountant. I have discussed some of the important points which will be helpful to pursue your articleship training more effectively and to learn new things.
It is advised to students that they should maintain a work diary to note the important things they learn in the office. This will help you in studies if the said or related topic come in the syllabus. This makes students understand the topic quickly and will save time.
Students must keep themselves updated with the happenings of the business world. For doing this, students are advised to read the business newspapers like Economic Times, Mint. Although initially, students might find it difficult to understand the terms used in the business world, they will get familiar with it over the period of time. One more benefit students can get is that they will learn to develop a perspective to look at the business subjects. Because practical cases which you read in newspapers will make you understand the real-life application of what we learned in studies. Also, students are advised to subscribe to various newsletters of sites which give you regular updates in various fields of Finance. E.g. Newsletters of Taxguru.com, caclubindia.com or itatonline.org and many others. If somebody knows any other sites please feel free to share here.
Most of the students have a fear of remembering the whole syllabus of CA Final? Well, again the answer lies in the articleship. For passing exams, you have to go through your study material and many other kinds of stuff but the problem is to retain them. To solve this difficulty, students should start applying their class learning in their Office work wherever possible. If you apply your learning in real life, you will be in a better position to understand those concepts. For example, in-class/ tuition, you are attending Chapter of Directors (Subject: Corporate law), try to apply those provision in your audit assignment. This exercise will save your huge time during CA Final study leaves.
Students are advised to attend seminars/ webinars or conferences organized by the Institute and other professional bodies like BCAS (Bombay Chartered Accountants Society), Chamber of Tax Consultants (CTC) or AIFTP (All India Federation of Tax Practitioners). You will get to know thoughts of various eminent personalities, their experiences, emerging opportunities and many other insights Also, When you attend such seminars and listen to the queries raised by the members you will experience the real depth of the subjects. This will help to expand your thinking in that subject. So, try to attend such kind of seminars wherever possible.
In the workplace, you are working with your colleagues who have more experience than you. Thus, it is advised that students should keep interacting with their seniors and other peer colleagues. Make a habit of discussing various productive topics. This knowledge sharing will develop a good professional relationship between you and your peers.
I hope this post will give guidance to those who will pursue their articleship in upcoming time and those who are pursuing currently. If you found this post useful, let me know in the comment section.