Class 11 Summer internship with a CA firm

Posted by on Jul 5, 2017 in School News | Comments Off

The students of Commerce attended a three-day internship at Messrs Anil K Maheshwari and Company from 13th to 15th June, 2017. The internship introduced us to the various requirements of applying to be a chartered accountant. We were also familiarised with the GST reform, implemented on 1st June, 2017.

On the first day, we were introduced to the various roles a CA can effectively play.
It includes entrepreneurship, a job and private practice. Our host and mentor, Mr. Akshat Maheshwari told us about the different courses relating to Commerce, which include B.Com, MBA, HM and many more. We were also made aware of the reasons behind the fluctuations happening in the stock market.

We were warmly welcomed by the staff of the host company and members enthusiastically offered us interesting inputs and examples from their own experiences.

On the second day, were given the task of analysing and listing the 3 best companies of 10 named for us, in according to what we felt were the best to invest in. We were also given the task
of checking share prices at a specific hour on a daily basis.

We went through the internet to find the share price analysis of each company and with the help of its share price history and the present face value of the shares, we were able to decide in which companies are the best to invest in. These included Infosys, Kajaria and Bharat Electronics Ltd.

On the third day, we were taught about Nifty and BSE, along with which, we were given the task of noting down the net worth, the assets and liabilities of a certain company namely, Rio Tinto. We were given many categories to fill up and we managed to do it all. This exercise greatly helped us interpret the balance sheets of different companies.

It was a thrilling experience which invaluably enriched us with a great education about chartered accountancy as a career choice.

Gayatri Kundu.

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