Things to learn during the Article ship
Article ship is golden time period where you can learn many things as a CA Student and increase you knowledge. I would advise you ,try to covered all type of work which your firm dealing in. Here in this article I mention you the different work ,please check it out
1
Accounting work
familiarize yourself with the all type of accounting work. A Chartered Accountant should have clear Accounting concept . Even a simple data entry of the client can make you to learn many things. Use different type of software like Tally ,SAP etc.
2
Audit Work
I think every article has very first experience in his or her article ship is of Audit. During the different audit work you get the knowledge of Auditing standards .you come to know about various type of accounting errors and mistake and you can easily understand how the things is done in the real life. You can gain knowledge by different type audit work
Statutory Audit
Internal Audit
Concurrent Audit
Stock Audit
Tax Audit
Revenue Audit
VAT Audit
3
Taxation work
T ax work is different from the T ax Audit work. It involves computation, preparation of T ax return, and its filing. Tax work also involves preparing forms for application for PAN and T AN numbers’ ax work may relate to income tax, central excise, service tax, customs, state VAT etc.
4
ends work
It relates to the deduction of T axes by the clients of their staff and of other payments. eT DS also includes eT CS.
5
ROC Works
ROC Works include formation of Companies, drafting MoA & AoA, and filing of company returns. Also applying for DIN is a normal work relating to ROC. By using internet transactions using Credit Cards and also internet banking.CA may also be engaged for secretarial works like maintenance of registers as required by the ROC.
6
CMA Data Preparation
CMA data required for bank loan or working capital loan or for seeking CC limit.CMA is short form of Credit Monitoring Arrangement data.CMA data report presented to bank to Show your past, present and future Financial position.
7
Tax case Preparation and Assistance in Representation Work
T his is really an exciting area where the knowledge of tax, case law, drafting work all comes to use. T his is an area where Articles are rarely involved, but ability of putting proper words at proper place, helped the article in getting such assignments, where they can get wide knowledge
8
Increase your reporting and communication Skill
While doing with the different client of your firm, you are presenting your findings in the way of reporting and this will increase your reporting skill. You discuss your findings with them and advise him how to solved accounting error .In total this will help you to improve your reporting and communication Skill
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