6 Things CA, ACCA and commerce students must learn and grasp during Articleship or PER
Among many commerce careers CA, ACCA and CPA are considered to be tough. These courses necessarily require dedication and serious effort on the part of commerce students. Articleship or practical experience is a vital part of these courses. And as CA, CPA we suggest students to take these 3 years as an opportunity to test the practical aspect of everything learned in theory. So, are you putting in the same effort in your articleship that you did in your studies? If No then this article is for you. Want to know why Articleship and PER(Practical Experience Requirement) is important for commerce students: Articleship or PER is an opportunity for commerce students to apply and check concepts practically. You will have the opportunity to confront real-world scenarios. Practical experience is going to help commerce students in Interviews Dealing with clients Dealing with government authorities Developing the right interpersonal skills Practical Application in work Also Read: What are the ACCA job opportunities & salaries across the world? 6 Important things commerce students must observe, grasp & learn about Articleship or PER(Practical Experience Requirement) 1. Dealing Government Offices Taxation-ITR , legal code of conduct and many other operational matters in business are directly connected to the government. Hence An accountant or auditor is expected to be familiar with all government formalities. And as a commerce student you can learn those during your internship. 2. SOPs of Taxation & Audit Meeting deadlines is the most important part in any accountants or auditor’s life. As an intern at a CA office you can understand the exact way to work on Taxation & Audit with multiple clients. Commerce students can learn about income tax provisions and laws and efficient ways to work on them in clients’ benefit. There are numerous techniques or methods which one can learn on the job. 3. Documentation & excel skills Arranging documents in precise sequence and chronology is a skill that can only be learned through practice or by watching someone else do it. Students will also learn Excel and other accounting software. Commerce students can devote time to learning all of these things from experienced individuals at the firm. These systems are used for more than just accounting; they are also used for forecasting and decision making. On their first day of work, commerce students will be expected to demonstrate these skill sets. 4. Communication and interpersonal abilities For an auditor or accountant interpersonal skill and command over language matters the most. Why do we say so ? Because Auditors are in charge of communicating reforms, changes, and mistakes to immediate managers and, in some cases, superiors. As a result, accurate and clear communication is critical. Changes that an accountant or auditor anticipates may necessarily involve harsh reforms. It is critical in this case to communicate with them as effectively as possible. Commerce students can learn the essentials of communication from superiors at work or principals. Audit ethics is a vital part which you must observe and learn if you want to be an auditor or accountant. 5. Make mistakes, and don’t be afraid to ask questions When you are entering into a real work scenario you have an opportunity to work you concepts and solve your doubts. Your seniors will also love to respond to your queries. After all this experience is going to help you during a job interview. 6. Very Very Important do not lose focus from studies during PER or Articleship Last but never list! Being a student you still have to clear those papers. Do not lose your focus from studies. After all, clearing your exam is the ultimate goal. Also Read: Is ACCA course worth it for Indian commerce students? Know about ACCA career scope & Job Opportunities. Conclusion: The points we have mentioned here may appear to be very basic to you, but each point is unique and important, with 1000 things to learn beneath it. Now you know as a Chartered accountancy student what you must do in your internship or articleship.
How to choose the right ACCA coaching institute?
If you are an ACCA aspirant, then you already know that intensive ACCA coaching plays crucial role in your goal to become ACCA Affiliate and member. When we talk about courses like CA, CPA and ACCA lot of expenses are inevitable such as exam fees, books, registration etc. In this case, selecting the right ACCA coaching becomes a game changer. At one point even if you have decided to do a self-study you might feel a need for good ACCA coaching. In this article we will discuss why ACCA students should opt for coaching and how to choose the right ACCA coaching. Yes, self-study is good it saves a lot of time and money but it has its own disadvantages like lack of discipline, no timely assessment, procrastination etc. This way students fail to clear the papers in an expected time span. ACCA coaching is a must for the following reasons 1. Accelerates learning speed: An experienced ACCA coaching institute or ACCA tutor will make sure to cover everything in syllabus in the given time frame or as per ACCA quarterly exam pattern. He/ she will also ensure to keep time for doubt solving, discussion and debate for a particular time. This will guarantee the undivided attention to one paper at a time. 2. Group discussions and Debates ACCA syllabus is based on the practical application of concepts. You will be graded according to your problem-solving and analytical skills in case studies and long answers. In this case, you really need to sharpen your skills which is not possible through rote learning. You need a group to demonstrate your thought process and also a healthy criticism to improve the weak area. Many ACCA coaching classes conduct peer group learning sessions and discussion sessions for their students. 3. Regular Test and Mocks A chapter wise test is must for ACCA students. This gives a clear idea of where you stand. While mocks are going to complete your preparations. A good ACCA tutor also makes sure to give feedback and suggestion after each mock and test. Yet another very important reason to join ACCA coaching. 4. Constant Motivation & Guidance When you are preparing for one challenging exam like ACCA you need motivation and consistent guidance from experts. We strongly suggest you to join ACCA coaching near you. ACCA is 100 yrs. old accounting body and hence has many learning partners across the globe. Today, in India you will find many ACCA coaching classes and private tutors. And because of the pandemic you have an option to attend a physical session or online session as per your convenience. Every option comes with different price point. Students are often confused about where and how to spend. To spend on online batch or recorded sessions or to join an offline batch. Every institute will promise a result but whom to trust. We can help you in this case. We suggest you to look for following things before finalizing the ACCA coaching institute. Also Read: What are the ACCA job opportunities & salaries across the world? Top 8 things you should look for while selecting ACCA coaching institute 1. No. of students per batch Make sure that there are limited student in one batch (15-20). This ensures the personal attention to each student. 2. Experienced faculty A good Teaching experience and work experience of faculty is very important. Faculty with rich experience gives more insightful knowledge. 3. Teaching material Check if institute or tutor is providing a right study material. 4. Revision sessions Check if institute conducts revision sessions after topic is finished. Ideally 2-3 days of revision is necessary 5. Peer group learning This is an opportunity for a student to develop interpersonal skill and at the same time learn new thing from peers. Group learning should be the part of your coaching sessions 6. Flexible timing for students and access to recordings Many students of ACCA course are working professionals or B. Com students or are from integrated ACCA colleges. In this case students must have option for flexible batches. And also to the facility access the recordings 7. Students should look for passing percentage and percentage of students appearing for exam This is the most important point. Please don’t get fooled by big number. Check the passing percentage of students who actually appeared for ACCA Exams. Also check number of students appearing for exam. 8. Institute should not have more than 2-4 faculties Last but not the least. More number of faculties means confusion and sometime chaos. We believe that ideal no is 2-4 faculties. This way students can get accustomed to the teaching style of tutor. And tutor has insight of all students. We hope that we have helped to find a Right ACCA institute. Conclusion: If you are looking for Best ACCA coaching institute in Pune or Best ACCA classes in Pune, then we recommend you to reach out to CA CPA Aparna Thadani and CA Krishita Paryemalani for guidance. Both of them are in ACCA coaching since last 11 yrs. They are known for their intensive coaching and personal attention. All ACCA students of AKs Training Academy Pune are working MNC’s and BIG4s. Also Read: Career in ACCA Certification Before B.Com/Graduation – Eligibility | Coaching