Category Archives: For Article Students

What To Do After CA IPCC Results Are Out ?

IPCC Results 2016 will soon be out  and many students will come out with flying colours. After successfully clearing the IPCC examinations most of the candidates have multiple thoughts running in their minds  related to articleship . Some of the frequently asked queries are jotted below:

  1.  Which are the good CA firms for  articleship?
  2. Whether  to join a midsize firm or a Big  4?
  3. How to apply for an articleship interview?
  4. How to prepare  for the articleship interview?

Well the answers to all your questions is just a click away. 

http://apmh.in/Knowledge/Blogs/articleship-vacancy

http://apmh.in/Knowledge/Blogs/articleship-interview-in-ca-firm

You can also visit www.apmh.in for detailed information.

 

 

 

 

How to get CA Articleship Transfer done

A big headsuman goswamiache!! That’s what most of us think at the very first instance. But it is not that troublesome if we follow certain procedures. I have passed through the articleship transfer process and hence felt like sharing my views on how can this be fast tracked and convenient for my fellow CA students.

CA Articleship transfer:

  • In the First Year of Articleship: No Issues as such
  • In the Second / Third Year of Articleship : Wherein oneself needs to get the consent of ICAI first by satisfying any one or more of the conditions as stated below:-
  • Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
  • Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City).
  • Misconduct involving moral turpitude.
  • Other justifiable circumstances / reasons: –
  • Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): –
  • Industrial Training (Regulation 51)
  • Secondment of articles (Regulation 54)
  • Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)
  • Death of Principal [Regulation 57(1)(c)]
  • Ceasing of practice by the Principal [Regulation 57(1)(a)]
  • Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]
  • Marriage basis (only if there is relocation to another city involving distance of 50 kms).
  • Irregular payment or non payment of stipend with reference to Regulation 67.
  • Articled assistant desires to serve balance period of training outside India.
  • Shifting by the Principal to another city involving distance more than 50 kms.

The articled assistants are required, in the first instance, to get the consent of the Institute before getting Form 109 signed by the Principal, in their own interest.The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper with recommendations of the Principal for transfer / termination of articleship accompanied by evidence/proof (self-attested by the articled assistant) to the satisfaction of the Institute be made.

Note :- Download the Form 109- http://220.227.161.86/7512form109_std.pdf
CA Articleship Transfer Procedure 

Below is the Procedure For CA Articleship Transfer

First Year Articleship – There are No Restriction For Articleship Transfer/ Termination. Simply You can Submit Form 109 to Respected Region.

Second or Third Year of Articleship Training

First Step :- You Will Write An Application to Yours Respected Region With Mention of any valid reasons. With This Application Also Enclosed Your principal Letter For No Issue of Transfer/Termination of Your Articleship.

Second Step :- Institute will Review Your Application and Send Approval Letter

Third Step :- If You Receive Approval Letter Than You Will Submit Form 109 to Institute.

So, apply with  form 109 for the articleship transfer for valid reasons only after getting Approval of ICAI.

Now, the door is wide open to join a new firm. Kindly bear the following points in mind while you are on the verge of joining the new CA firm.

  • Firstly get the Form 102 (Deed of Articleship) franked as soon as possible. I would suggest the moment you get the Institute’s consent get the Franking done . Submit the Form 109 .
  • After submitting the Form 109 make sure that you have the time limit of 30 days to submit the form 103 (can be purchased from any regional council of ICAI for Rs. 50/-) to the Institute. Now here if you have already got your Form 102 franked so without any wastage of time your articleship date will get counted from that date even if you submit the same at a later date (within 30 days) .
  • Also you can do your articleship training in the new CA Firm without any headache as such.

Conclusion:

Proactive followup, Study and followup would help you resolve this one quickly. It’s a great idea to go personally to the student section at the ICAI and talk to someone if you find yourself stuck badly. I hope I am able to give the right solution for those who are in need of.

For any Queries /feedback you can write me @ [email protected] / [email protected]

What’s is representation and Litigation at APD

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Chartered Accountant for a small client means someone who can help him handle tax Department with confidence.
Representation starts with documentation and slowly becomes knowledge driven. Articles joining us this may get exposed to various tax laws, burning issues, presentation and persuasion.

We do handling of various notices, scrutiny cases and appeals with complete hierarchy authorities under Income tax Act. We have gained edge in handling all kinds of issues and notice from Maharashtra VAT Act. (Mvat) & profession Tax. Apart from this, a specializes team handles show cause notices with respect to Service Tax and consultation related to complicated service tax matters for various types of clients. This is very knowledge intensive area wherein study about business facts visa Vis legal provisions both go hand in hand.

People good at litigation and representation can make their career as  tax counsel. Nowadays many Chartered Accountants are also getting a Law degree and practising in this field full time. Trained people in this area can also be great asset for tax Department of a corporate. In the mid sized CA firms, people with niche representation experience are valued a lot.

Articleship Experience at AP Doshi & CO

If one really wants a work exposure as an article trainee in the CA firm in Mumbai, believe me one should do for A.P Doshi & Co. After having worked here for 3 years I can assure you that A P Doshi & Co (CA firm at Vidyavihar, Ghatkopar) will completely suffice your requirement of being a successful Chartered Accountant.

I have had exposure in Taxation and Audit Department during my Articleship Period.

In Taxation Department you have a great opportunity to practice Direct as well as Indirect Taxaion. Indirect Taxation includes hardcore Vat issues that ranges from Vat Registration to handling Dealer’s Vat Scrutiny. Direct Taxation Includes Rectification u/s 154 and scrutiny handling for various Assessee.

In Audit Department, we do various types of Audits, which includes Tax Audit, Statutory Audit, Vat Audit and Bank Audits.

Tax Audit Includes Audit of Proprietory Concerns, Partnership Firms, Private Limited Companies, Trusts and Banking Companies. We usually cater to Statutory Audit of Private Limited Companies.

One, also gets an opportunity here to learn about various other topics related to various Amendments coming up every year through Saturday Knowledge Sharing Session (SKSS) conducted every working Saturdays. CA Articleship backed by continuous training and updation in the suburbs is rare.

Coming to the Informal Part of the Organization, we have Cake Cuttings in the first week of every Month to celebrate birthdays of the employees or Articles.

Also APD is like one family which together celebrates various occasions like Diwali & Christmas. We also have annual picnic and a party with the team to mingle with the team.

Looking out for vacancy in a CA firm in Mumbai?

One of the Top CA firm in Mumbai, A.P. Doshi and Co. Chartered Accountants is looking out for following talent

  1. Student who want to perceive articleship with Top CA firms in Mumbai or Top CA firm in Raigad. We prefer smart students with IPCC Both Groups cleared. They can join us in either Vidyavihar, Mumbai office or Roha – Raigad office. APD encourages students anywhere from small towns in Gujarat or Rajasthan like Surat, Ahmedabad, Jaipur, etc. Apply online
  2. Graduates and management trainees – gaining proficiency in accounting is a great career building asset for a Commerce Graduates and MBA students. APD provides platform for internship to smart graduates. APD has got best possible managers and mentors who shall be supervising these students at various levels. Apply online
  3. SemiqualifiedAPD is keen to provide the platform the really smart and hardworking semiqualified CA students. If you are unable to qualify but continue to have an ambition to gain proficiency in CA profession, APD can be a wonderful platform for you to blossom into a full-fledged professional. Apply online

Moreover if you have a entrepreneurial zeal in audit, accounting and taxation side, fell free to get in touch with us on [email protected] or update your resume on http://www.apdoshi.com/ca-placement.html.

CA Articleship Why, how and What?

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CA Articleship Why, how and What?

CA articleship is full of agony and excitement both at the same time. It starts with searching a firm, to doing the on ground work till becoming a CA. CA never forgets his articleship tenure all throughout his life, be it good or “not so good” experience, because it will portrait ‘where you started from’ and ‘what you will be at the end of your articleship period.’

I have been doing my articleship for almost 2 years now in a CA firm at Vidyavihar near Ghatkopar’ Mumbai. This firm also has a branch in Roha – Dist. Raigad.  It was a very roller coaster decision for me to start with scratch as to Why, how and what is Articleship?

 

Man thinking
Hence, I thought of sharing my thoughts 

on top 7 challenges on selection and 

execution of CA articleship with the 

“would be” articles and of course in a 

matter of time CA’s…..

This I felt would be an apt time for this article. Candidates out there would have just finished with their IPCC exams and would be facing these questions day in and day out. Check your eligibility on the ICAI website.

What all things a Chartered Accountant Student should take into consideration while searching for a Articleship in CA firm:

Any Student will search for an Articleship firm which will help in giving Technical knowledge and Practical exposure for which he/she has to consider following points:

Ø  IDENTIFY YOUR INTEREST

Interest of an individual is of utmost importance while deciding / selecting the field to be pursued in articleship.  Below are the tips to identify it deeply…

  • ·         What subject you like the most in studies
  • ·         You should identify your strengths and weaknesses i.e you should do a SWOT Analysis
  • ·         What are the future prospects of this area of interest

Research about the practical application of the subject since the theory studied might have been totally different….. Ask your friends and colleagues of their practical experiences.

Ø  LOCATION

First priority of a student should be a Firm which is nearby to his residence and which can suffice his expectations in relation to career aspects. In my case, I am lucky enough to get the firm near my residence i.e., Ghatkopar. If the student does not mind traveling, the location should be such that it should be feasible to attend college, classes & office and manage them effectively. Please understand that learning in CA Articleship includes learning to travel in all sorts of difficulties :-)

Ø  FIRM’S PRACTICE AREAS AND CLARITY OF EXPOSURE

One should have a complete knowledge about the prospective firm & get a clarity of exposure to be attained during the Articleship period. Please don’t miss out on looking at Firm’s Website, Partners, Past and Present Employees, Past or Present Article clerks etc. Most CA firms in Mumbai would definitely have their websites. before going for an interview. Be careful, “what’s in the showcase may not be in the store house many a times….”

Ø  BRAND IMAGE

Brand image becomes important as that is the tag which adds value to your CV and earns you an immediate placement after becoming a Chartered Accountant. Only this is”… This should not come at cost of your wide exposure.

Ø  CLIENTELE

If possible, get an idea from external sources as to what type of industry the firm is catering to. Seeing more and varied types of clients at your level is must. Make sure that you deep dive in their businesses models given an opportunity.

“Remember that a book should not be judged just by its cover……”

For eg : Listed Companies, Manufacturing clients, Banks, Corporates, Clients having ERP packages, etc.

Ø  HOW SHOULD YOU LOOK AT YOUR ARTICLESHIP PERIOD :

The articleship tenure has to be managed effectively amongst :

1 ) GMCS :

Believe me this is very crucial and only on campus training module available in the CA course. ICAI has been generous to offer this twice now. Doing this is in right spirit really helps.

  • ·         GMCS – I which is to be done in 1st year of articleship.
  • ·         Do not opt for GMCS Course during the peak season or when the work gets affected.
  • ·         It should be a win-win situation for both i.e article as well as the firm.

2 ) College exams :

These remain just formality once you have joined CA course in my view. You are going to learn much more in CA than your syllabus at your graduation level. Don’t be unnecessarily fussy about scoring everywhere at cost of losing your focus from CA.

  • ·         For SYBCOM exams, take leave for only exam days or a few prior days are enough.
  • ·         For TYBCOM exam, a probable 10-15 day leave (including exam days) might be enough for preparation.
  • ·         Do not waste more on College exams, utilize the leave for CA Final exam.

3) Advanced ITT :

Important item again. Only issue with this is the training modules which are designed keeping in mind all India standards. You may have done certain things much before they are taught here. So… Try to extract more from the tutors… “If they are really good enough!!” :-(

  • ·         It has to be done before CA final exam, which leaves you no choice but to do in your articleship period.
  • ·         Appropriate period : In the months of June/July or October/November
  • ·         Timings should be planned well in advance.

THE WHOLE THING REVOLVES AROUND “PRIORITY”. MANAGE YOUR ARTICLESHIP TIME ON BASIS OF PRIORITY IN TERMS OF WORK, COURSES AND STUDIES.

Ø  SKILLSET TO BE ACHIEVED :

1) Learning:

  • ·         Every small work is important and has to be given the equal amount of preference.
  • ·         Be passionate about what you do.
  • ·         Learn from everyone.
  • ·         Ask questions, do not blindly follow what is told to you.
  • ·         Share your learnings with others, it will enhance your knowledge.

2) Skills to be acquired:

  • ·         Responsibility
  • ·         Management of time.
  • ·         Management of Resources
  • ·         Management of People
  • ·         Take leadership
  • ·         Be updated about the things happening around you.
  • ·         Communication skills have to be improved by effective and frequent communication with others.

3) Team Spirit:

  • ·         Working in a team is more important than working individually
    WORK WITH PEOPLE AND NOT AMONGST PEOPLE.”
  • ·         Work independently in a Team, but keeping in mind the subsequent co-ordination, achieving team’s goal and ultimately the objectives of the firm.
  • ·         Improve your area of Influence by working independently, BUT within agiven framework.
  • ·         Do not just focus on getting the work done or just what the boss says. Be independent.

4) Experiment:

  • ·         You are in the learning phase, so experiment as much as you can.
  • ·         Take people along with you in the experiment process. This results in growth.
  • ·         Being stubborn and rigid to change leads to stagnation.

5) Other Activities:

  • ·         Attend seminars and workshops.
  • ·         Attend study sessions.
  • ·         Prepare presentation and deliver speeches whenever there is an opportunity.
  • ·         This will build confidence in you.

 

Stephen Covey says “Start with keeping end in your mind”.

Ultimately you are going to be a Chartered Accountant (CA) who is expected to know everything all the time. People may ask you tax questions even in a Public Toilet or aswimming pool and expect accurate answers. You will be considered as a “Trusted source”for things you have never thought of you will be :-) That’s not all…. Employers / clients will also expect best available stuff from your table all the time “right in time”, no matter what price they have to pay you. This is the “RUNWAY” of your career’s airplane. Keep optimum speed to take off!!

You may apply with our firm online.

v         BEST OF LUCK..!!! Write us back to [email protected] for more questions or drop a comment in the blog.

– ARPIT BURICHA

 – PANKIT SATRA