After clearing the CA Intermediate examination, CA aspirants across the country gear up for their CA Articleship which involves practical training as a Chartered Accountant for three years.
Eligible candidates can appear for the CA Final level examination only after completing a minimum of 2 years of CA Articleship. One can also join additional professional courses and qualifications for better career opportunities or take up relevant jobs along with preparing for their CA Final exams.
Here in this blog, we have everything that you need to know about a CA Articleship, what it is, eligibility, procedure, importance, and many more such relevant factors a CA aspirant must know.
What is a CA Articleship
Articleship is a mandatory part of the CA program and it provides a better overall learning experience. It is the practical learning phase of CA students and the experience that students get during this period is invaluable.
The duration of articleship/practical training is three years. It is mandatory for candidates to serve the first two years under a practicing CA.
For the third year, candidates can either choose to continue under a practicing CA or opt for industrial training under a CA in employment.
Who is Eligible for CA Articleship
As per the current format of the curriculum, a student having completed first or both the groups of IPCC exams (Intermediate) and completing the four-week Integrated Course on Information Technology and Soft Skills (ICITSS)/Information Technology Training (ITT) and Orientation Course (OC) is eligible to start their articleship.
However, Direct Route candidates can commence the articleship/practical training immediately after registering for the Intermediate/IPCC Course and completing the four-week Integrated Course on Information Technology and Soft Skills (ICITSS)/Information Technology Training (ITT) and Orientation Course (OC).
How to register for CA Articleship
For the articleship, eligible candidates should find CA firms with vacancies for article trainees and then inform the ICAI about their articleship within 30 days of commencement of the training.
They must submit the Articleship Registration form along with relevant documents. Candidates are required to fill and submit the prescribed Form 102 and Form 103 to the ICAI and pay the articleship registration fees.
After you’ve registered for CA articleship and your forms have been verified, ICAI will send you a confirmation letter with your CA articleship I-card. ICAI will also send the articleship registration letter to you as well as to your principal. It may take up to a couple of months for the process.
If you want to do an additional check of confirmation, you may want to request your principal’s membership number. Enter that into the online portal. You’ll be able to see a list of articles registered under your principal’s name. If your name is on the list, there’s nothing to worry.
In case you haven’t received confirmation within two to three months, contact ICAI right away. They will be able to give you an update on your status.
Importance of CA Articleship
Theoretical knowledge or practical knowledge alone cannot make you a perfect professional. Both theoretical and practical should go hand in hand to acquire the qualities and intellectual skills of a professional.
One of the most important calibers that are inculcated in the CA’s during their training days is the effective utilization of limited time, required to be allocated between their work and study in an effective manner so that the best results could be gained for the time utilized. Thus, it provides the exposure of practical application of the basic principles of economics which further helps them during their whole life.
CA Articleship helps students develop the required skills for applying theoretical knowledge to practical situations and mold them into true professionals by providing them with the necessary experience to handle clients in the real world and helping them develop a professional attitude, decision-making skills, and better communication skills.
Being into the place of work also makes you aware of all the situations and contingencies and suggests the ways of taking decisions and the manner of reactions in unexpected situations. Thus, this helps in developing communication skills and articulating effectively with the client and society.
Articleship training helps CA Final candidates in their exams and also build their careers. With theoretical knowledge, it is very important for CA final candidates to have practical knowledge about the course. If you have done the articleship training, then you will easily get a job after CA.
Articleship Training not only helps you clear CA Final Exams but also helps you in building a substantial career.
During job interviews, the interviewer would be able to judge whether you have practical knowledge and have done proper Articleship training or have just cleared the exams by mugging up topics and appearing for exams. All Companies have a heavy preference for Students who have done proper training as they can be put on the job from day one.
To know more about CA Articleships and preparations for CA Final examinations checkout some of the best CA pendrive classes like CA Inter Pendrive classes and CA Final Pendrive Classes by CA Amit Tated’s AT Academy.