DECLARATION

I do hereby declare that this is a bonafide report of On-the-job training

undertaken by me in partial fulfilment of the requirements for the award of
Bachelor of Commerce (Model III-Vocational-Taxation) of Mahatma Gandhi
University under the guidance of Mrs.Anu Mary Thomas, Lecturer, Department
of Commerce, Saintgits College of Applied Sciences, Pathamuttom, Kottayam. I
also declare that this report has not been submitted by me anywhere fully or
partially for the award of any degree, diploma or other similar titles or
recognition of any university/institution to the best of my knowledge and
belief.

Place: PATHAMUTTOM

Date : 22/07/2016 SREEHARI T G

 ACKNOWLEGEMENT

In partial fulfilment of the award of B.com degree by Mahatma Gandhi

University, it is mandatory for the regular student of Model III,B.com of the
university to undergo an OJT for a period of one month and report of the
training is to be submitted to the college. I got the privilege to undergo OJT in
RIJESH CHIRATHILATTU & ASSOCIATES, CHARTERED ACCOUNTANTS.

I take this opportunity to thank all those who helped us to accomplish

this project.

First and foremost, I thank the Lord Almighty who is the source of knowledge
and one who guided us in all aspects, to bring out this project.

I thank Prof. M.C. Joseph, Principal, Saintgits College of Applied

Sciences for this valuable support and encouragement

I am grateful to Dr. Zacharias Thomas, Professor& HOD of commerce

and all other faculty members of Saintgits College of Applied Sciences for all
the support and help given to me in preparation of OJT report.

I thank this opportunity to express my profound sense of gratitude to

my guide Mrs.Anu Mary Thomas, Lecturer, Department of Commerce,
Saintgits College of Applied Sciences for her valuable guidance and constant
encouragement given throughout the study.

I express my gratitude to CA. RIJESH CHIRATHILATTU RAJ for permitting me

to do OJT for a period for one month during the year 2016-2017.

I also wish to express my gratitude to my parents for their valuable

support, which enable me to complete the work. I thank all my friends who
have directly or indirectly helped me in completing my work.
 INTRODUCTION

Accounting is the systematic and comprehensive recording of financial

transactions pertaining to a business. Accounting also refers to the process of
summarizing, analysing and reporting these transactions. The financial
statements that summarize a large company's operations, financial position
and cash flows over a particular period are a concise summary of hundreds of
thousands of financial transactions it may have entered into over this period.
Accounting is one of the key functions for almost any business; it may be
handled by a bookkeeper and accountant at small firms or by sizable finance
departments with dozens of employees at larger companies.

Chartered accountants were the first accountants to form a

professional accounting body, initially established in Scotland in 1854. The
Edinburgh Society of Accountants (formed 1854), the Glasgow Institute of
Accountants and Actuaries (1854) and the Aberdeen Society of Accountants
(1867) were each granted a royal charter almost from their inception. The title
is an internationally recognised professional designation, and is generally
equivalent to the American certified public accountant designation.

Chartered accountants work in all fields of business and finance,

including audit, taxation, financial and general management. Some are
engaged in public practice work, others work in the private sector and some
are employed by government bodies.

Chartered accountants' institutes require members to undertake a

minimum level of continuing professional development to stay professionally
competitive. They facilitate special interest groups (for instance, entertainment
and media, or insolvency and restructuring) which lead in their fields. They
provide support to members by offering advisory services, technical helplines
and technical libraries. They also offer opportunities for professional
networking, career and business development.
 COMPANY PROFILE
Rijesh Chirathilattu & Associates is an Indian chartered accountant firm based
in K K Road Kottayam, Kerala. They provide all sort of chartered accountant
services related to accounting, auditing, income tax, financial services,
company law matters, foreign collaborations, import-export consultancy, Sales
Tax / VAT matter, Service Tax, STPI, Transfer Pricing related matters etc. In
order to meet the specific requirements of the clients, the firm provide the
best possible solution and consultancy for their respective matters.With the
active support, the firm receive from competent team of professionals, they
have managed to provide the effective services to various esteemed
clients.The firm is empanelled with and afilliated with ICAI .They have branches
in Kottayam

NATURE OF THE WORK

Chartered Accountants are found to be working in private practices or as
employees in firm. The range of work in private can vary enormously according
to the size and place of practice.

SCOPE OF THE WORK

It aims to get familiarises with various activities performing in a CA firm.
“Practice makes a man Perfect”. Through this study the gap between a
corporate and classroom can be reduced.
 OBJECTIVES
 To know the future plans of an organisation
 To study organisational structure.
 To study the interrelation between each department and client
dealings.
 To understand the functions of an organisation.

REFERENCE PERIOD
For a period of one month from 02-05-2016 to 31-05-2016.

LIMITATIONS

 The time period available for study is limited.

 Since it is a CA firm, it involves a lot of confidential information

which may not be accessible to us.

 Due to the busy schedule of staffers the time availability to

communicate them is limited.
 FINDINGS AND SUGGESTIONS

FINDINGS

 The working of the firm is sound and promising.

 The functional department of the organisation consist of teams of

experts having great vision.

 E-recruitment saves lot of time demand, only few workforces, but one of
the major drawbacks is lagging public awareness.

 Every employee is able to gain practice experience in workplace.

 The firm play a strategies role by providing professional advice aiming to

maximise profitability.

 The firm is limiting refreshment activities for employees.

SUGGESTIONS

 The firm must concentrate more on benefits provided to the employees.

They must focus on organisational department.

 Much more training should be provided with bonus and extra wages for
over time works.

 The authorities must take necessary action immediately to upgrade the

technologies.
 CONCLUSION

This study helps us to understand the various activities which are being
undergoing in the organisation. It helped us to analyse the relationship among
various department. We were able to understand the concept of management
and business through this organisation and how the various management
concept was put in practice.

The study in a CA firm has proved very beneficial and useful for us. We
were able to learn lot of new things and practical side of our studies.
 CONTENTS

Sl.No. Title Page No.

1 INTRODUCTION

2 COMPANY PROFILE

3 NATURE OF THE WORK

4 SCOPE OF THE WORK

5 OBJECTIVES

6 REFERENCE PERIOD

7 LIMITATIONS

8 FINDINGS & SUGGESTIONS

9 CONCLUSIONS