What do you mean by industrial training? What are its objectives?
Hi friend, The basic difference between artilceship and industrial training is change in the role. In articleship training you work riguorously under an employer and work as article assistant. He/She is also called as auditor and audit different corporate bodies like companies etc. One audits the work of the auditee, Whereas, in case of industrial training, one joins as industrial trainee in any of the companies approved by the institute, prepares all the details and get the work audited by the auditors. The difference between articleship and industrial training is change of the position of the chair. You can check institute website for other details. Regards
Hi, By industral training we mean working under an industry.This can be done after u complete two years of your articleship.Having industrial training will actually enhance your CV.Chances will increase that you will get a better job.To becoming a chartered accountant is not only for earning money.We acquire knowledge which helps us to serve the society and the corporate world. THUS I WOULD LIKE TO SAY THAT HAVING INDUSTRIAL TRAINING IN A MNC WILL AFFECT UR CV IN A POSITIVE WAY AND U WILL ALSO GAIN SOME IMPORTANT KNOWLEDGE.I WISH U ALL THE BEST FOR YOUR FUTURE.HOPE U ENJOY YOUR INDUSTRIAL TRAINING AND EXCEL IN YOUR CAREER AND BECOME ONE OF THE FINEST CHARTERED ACCOUNTANTS. BEST OF LUCK, THANK YOU, REGARDS, RISHABH SITANI.
An article assistant who has passed the Intermediate Examination (IPC) and serving last year of articles training may, serve as an industrial trainee in any of the commercial, financial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share capital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time for period of 9-12 months.