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Industrial Training Experiences

N V S Pawan Kumar (student) (113 Points)

18 September 2008

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17 Replies

Vijay Budhwani (AVP Tax) (326 Points)
Replied 19 September 2008

Hey its great that you had shared so much about your experience. I dont think i'll be able to do that much.

I am working with Barclays Capital in Mumbai. I am into taxation. I am really getting a good exposure as to how a system works. Being in a CA firm for 2 years i did not get any exposure to the ERP environment. Also now i know how the corporate world is all about. As of now i dont regret joining here, because now i have got a brand atleast which i hope will help me in future. I couldnt clear in second group and so i'll be taking leave after 1st week of october for my exams. Right now it is only tax audit, transfer pricing audit, income tax return etc.

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deepti (trainee) (65 Points)
Replied 19 September 2008

great to here abt ur experiences. it has inspired me to take up I.T. Great job please keep the discussion alive with more useful inputs like vacancies for I.T and other useful inputs

sridhar jorapur (Articleship) (41 Points)
Replied 19 September 2008

my friend wants to know abt the vacencies for IT.plz let me know abt the procedure of applying 4 IT

mimosa (student) (0 Points)
Replied 19 September 2008

hi! thanks for the very idea for sharing one's expereinces.i am an article student of pursuing PCC. your valuable experiences and suggestions will really helpful for many students who wants to take industrial training in future like me.

i am working in a above medium type firm in hyderabad. as normally like all,i am in agreement of 3.5 years with my chartered acc*ntant. i dont know may i breach this agreement for undergoing industrial trianing in future.please try to help me in this as i want a better and obviously good exposure.

Aparnaa (Student ) (349 Points)
Replied 19 September 2008

hi all

Its nice to see for initiating to share the IT experiences. I'm appearing for CA Final in nov08. pl guide me how to join for IT and if any vacancy available pl let me know.

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(Guest)

Originally posted by :N V S Pawan Kumar
"	Hello… Calling every one who is undergoing Industrial Training. I just wanted to start a discussion on our experiences in I.T. It would be interesting to know what different exposures each one of us is getting in various industries/companies. I am placed in Hindalco Industries Limited, Hirakud Aluminium Smelter, Orissa. Since it is a plant, the main issues here are costing, financial management, Excise, VAT etc etc.. It uses Oracle 11i as ERP package. There are no final accounts prepared. Only a Trial Balance is prepared at the end of each month that is sent to the head office. There is cost audit, tax audit quarterly internal audit. There are 3 Chartered Accountants in the accounts department. My employer is the department head. At the basic level I came to know about a lot of corporate culture, company policies (also their loop holes!!), the difference between plant and head office culture. I think its good if one has decided that he would go for a service post qualification. Getting to work in an ERP environment is advantageous I believe. And understanding all processes in the plant is a Herculean task!!! The theoretical knowledge which I have is like tip of the iceberg!!! At the professional exposure level, I am not quite happy. What I‘ve felt is that people were not quite sure how to treat me. And my passing of CA Finals in May 2008 has made it worse probably. I am the first trainee from CA fraternity and the only one at present.( they have proper training programmes for MBAs and Engineering trainees) What I want is to get a holistic picture of how a manufacturing plant works, what are the internal controls in various sections of the plant. What is the role of the accounts department in the various management decisions? (capital budgeting etc, you know). What are the various government regulations and norms complied with? (including AS). But my employer thinks differently. He wants me to work on a project which is of some usefulness to the organization. That is concentrate on one area (some pending case which has been left untouched for years) and go deep into its analysis. That’s fine. But again no body has time to give me a clear broader picture of what is the system and internal control like. Other employees’ knowledge is only limited to that window of the package which they work on. So forget about analysis, I don’t even get a feel of what exactly is the system!!! Another funny thing that I’ve noticed is that when I go the other departments, they do not know how much importance is to be given to me. Though I am a CA, my designation is a trainee!!! People over here say that even if you don’t learn many things, the brand name of Hindalco will do the trick for you when you go to other similar manufacturing companies. Well, that ‘s what with me. It’s been three months only. I am still hopeful. Please share your experiences openly in details. I feel it will also helpful for those intending to pursue I.T. Thanks.	"

Final Student (Articleship Trainee) (36 Points)
Replied 20 September 2008

Originally posted by :N V S Pawan Kumar
"	Hello… Calling every one who is undergoing Industrial Training. I just wanted to start a discussion on our experiences in I.T. It would be interesting to know what different exposures each one of us is getting in various industries/companies. I am placed in Hindalco Industries Limited, Hirakud Aluminium Smelter, Orissa. Since it is a plant, the main issues here are costing, financial management, Excise, VAT etc etc.. It uses Oracle 11i as ERP package. There are no final accounts prepared. Only a Trial Balance is prepared at the end of each month that is sent to the head office. There is cost audit, tax audit quarterly internal audit. There are 3 Chartered Accountants in the accounts department. My employer is the department head. At the basic level I came to know about a lot of corporate culture, company policies (also their loop holes!!), the difference between plant and head office culture. I think its good if one has decided that he would go for a service post qualification. Getting to work in an ERP environment is advantageous I believe. And understanding all processes in the plant is a Herculean task!!! The theoretical knowledge which I have is like tip of the iceberg!!! At the professional exposure level, I am not quite happy. What I‘ve felt is that people were not quite sure how to treat me. And my passing of CA Finals in May 2008 has made it worse probably. I am the first trainee from CA fraternity and the only one at present.( they have proper training programmes for MBAs and Engineering trainees) What I want is to get a holistic picture of how a manufacturing plant works, what are the internal controls in various sections of the plant. What is the role of the accounts department in the various management decisions? (capital budgeting etc, you know). What are the various government regulations and norms complied with? (including AS). But my employer thinks differently. He wants me to work on a project which is of some usefulness to the organization. That is concentrate on one area (some pending case which has been left untouched for years) and go deep into its analysis. That’s fine. But again no body has time to give me a clear broader picture of what is the system and internal control like. Other employees’ knowledge is only limited to that window of the package which they work on. So forget about analysis, I don’t even get a feel of what exactly is the system!!! Another funny thing that I’ve noticed is that when I go the other departments, they do not know how much importance is to be given to me. Though I am a CA, my designation is a trainee!!! People over here say that even if you don’t learn many things, the brand name of Hindalco will do the trick for you when you go to other similar manufacturing companies. Well, that ‘s what with me. It’s been three months only. I am still hopeful. Please share your experiences openly in details. I feel it will also helpful for those intending to pursue I.T. Thanks.	"

Thanks for a nice thread..Industrial Trainees pls keep this alive..

N V S Pawan Kumar (student) (113 Points)
Replied 20 September 2008

Rishi Vyas (Internal Auditor) (189 Points)
Replied 21 September 2008

Hi all

I am Apprentice Trainee (C.S.) in Taparia Tools Ltd, Nashik. First Would congratulate the person who took such an initiative. Taparia Tools Ltd. has its Registered Office as well as plant in the same premises therefore I am getting exposure to both Head Office as well as plant. The Finance Dept.(where I am working) is the biggest and most important Dept. since it is pivotal to alll the operations and Depts. Being a CS initially I was given secretarial and legal works but due to my interest in Fin. & Accounts I got to do some tasks in that area as well like TDS. FBT, Investments and Costing. As my friend said costing is the most important function in manufacturing concerns so is the case over here.the company is about to implement SAP therefore I am getting a comprehensive knowledge of system and processes. Presently we are preparing the flowcharts for every function for the Implementation Agency (CMC is the Implementation Agency)(CMC is a subsidiary of TCS).

There is a lot to write but I think much is enough for one go.

Krish (CA Final Student) (43 Points)
Replied 22 September 2008

@ Pawan

Its a good Topic that you have started,

U need to realize one thing, when u work in a big organization u cannot expect to know everything thats been done there, unlike the small Audit firm where u might have done your articleship.

The idea is to specialize in one particular process that you might be doing . Its only over a period of time that you will be in a position to understand the Big picture in your organization.

Its only natural for someone like you wanting to know whats happening at the Macro level, but have patience and in time you will know all you need to know. Remember that u cannot do all the processes that your skill set allows you to do.

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Rishi Vyas (Internal Auditor) (189 Points)
Replied 23 September 2008

Hi pawan

I guess you are right. Many a times this thing frustrates me that why i am not doing all those things which I can do, but then as you said, I should be focussed towards what I should really need to do.

Aspirations are endless but concentrated efforts can bring them trueone day but one by one.

sunny narang (student) (22 Points)
Replied 30 September 2008

Originally posted by :Guest
"	please tell me the name of the co. in which vacancies for industrial training.	"

(Guest)

i hav cleared my ca final in may 08. now i want undergo industrial training. my bal period of articles is only 6 mon. am i eligible to take industrial training.