ICAI Issued Revised Scheme of Education and Training for Chartered Accountancy Course. After Providing CA New Syllabus 2018 CPT, IPCC, CA Final New Course 2018 here we are providing Revised Scheme of Education and Training for CA Course. In this article you can find complete details for Revised Scheme for How to Become Chartered Accountant. Now you can scroll down below and check complete details for “Revised Scheme of Education and Training for CA Course”
Revised Scheme of Education and Training for CA Course
The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. The Scheme of the Course is available at https://resource.cdn.icai.org/45556bos35643summary.pdf Further, below is the implementation schedule depicting the information regarding the last date of registration under Existing Scheme, date of commencement of registration under Revised Scheme, last exam at all levels under Existing Scheme and the number of parallel attempts of examinations at all levels under both Exiting and Revised Scheme. Please note detailed paper wise exemption plan will be notified in due course.
Implementation schedule of Revised Scheme of Education and Training
A. CA Foundation Course
CA Intermediate Attempts
CA Final New Course
Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017. Sub: Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017. All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. Students who are eligible to register in the CPT/IIPCC/Final under the existing scheme, may register on or before 30th June, 2017. With effect from 1st July, 2017, the registration in the CPT/IIPCC/Final under the existing scheme will discontinue. The Revised Scheme will be made available shortly at www.icai.org Entry Routes and Number of Levels
Entry Routes to CA Course
Under the Scheme of Education and Training, a candidate can pursue Chartered Accountancy Course either through (i) Foundation Course Route or (ii) Direct Entry Scheme (Route).
Route I – Foundation Course Route
This is an entry to the CA Course for the candidates who have appeared for class XII examinations. Steps under Foundation Route…
Register with Board of Studies (BoS) after appearing in Class XII examination.Complete four months study period (i.e. register till 30th June / 31st Dec.)Qualify Class XII examination (if not done earlier)Appear for Foundation examination in November/May after passing 10+2 Examination.Qualify Foundation Course.Register with the BoS for the Intermediate Course.Complete 8 months of study course.Appear and Pass in either or both Groups of Intermediate Course.Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) any time after registering for Intermediate Course but before commencement of the Practical Training.Register for Three Years Practical Training on passing either or both the Groups of Intermediate Course.Register for the Final Course after qualifying both the Groups of Intermediate Course.Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.Appear in Final examination during last six months of practical training.Complete Practical TrainingQualify both groups of Final Course.Become Member.
Route II – Direct Entry Route
The ICAI allows the following candidates to enter directly to its Intermediate Course: A. Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and B. Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India In brief, candidates who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including open University) by studying any three papers carrying a minimum of 50 marks in a semester/year and cumulatively 100 or more marks over the entire duration of the concerned course out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) or Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Foundation and can register directly to Intermediate Course. Candidates who are pursuing the Final Year Graduation Course can also register for the Intermediate Course on provisional basis and such student’s registration would be regularized and they can commence practical training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination and on successful completion of ICITSS (Orientation Course and Information Technology). During the provisional registration period, a candidate can undergo and complete ICITSS (Orientation Course and Information Technology). If such candidate fails to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees paid by him shall not be refunded/adjusted and no credit shall be given for the theoretical education undergone.
A. Steps for eligible Graduates and Post Graduates:
Register with the BOS for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the Practical Training.Register for Three Years Practical Training.Appear in Intermediate Examination after Nine months of Practical TrainingQualify Intermediate Course.Register for the Final Course after qualifying both Groups of Intermediate Course.Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.Appear in Final examination during last six months of practical training.Complete Practical Training.Qualify both groups of Final Course.Become Member
B. Steps for eligible students who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India:
Register with the BoS for the Intermediate Course.Complete 8 months of study course.Appear and Pass in either or both Groups of Intermediate Course.Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) anytime after registering for Intermediate Course but before commencement of the Practical Training.Register for Three years Practical Training on passing either or both the Groups of Intermediate Course. Register for the Final Course after qualifying both the Groups of Intermediate Course.Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.Appear in Final examination during last six months of practical training.Complete Practical TrainingQualify both groups of Final Course.Become Member.
Papers of Foundation Course
Paper 1: Principles and Practice of Accounting Paper 2: Business Laws & Business Correspondence and Reporting
Section A: Business LawsSection B: Business Correspondence and Reporting
Paper 3: Business Mathematics and Logical Reasoning &Statistics
Part I: Business Mathematics and Logical ReasoningPart II: Statistics
Paper 4: Business Economics & Business and Commercial Knowledge
Part I: Business EconomicsPart II: Business and Commercial Knowledge
Papers of Intermediate Course
Group I Paper 1: Accounting Paper 2: Corporate & Other Laws
Part I: Company LawPart II: Other Laws
Paper 3: Cost and Management Accounting Paper 4: Taxation
Section A: Income-tax LawSection B: Indirect Taxes
Group II Paper 5: Advanced Accounting Paper 6: Auditing and Assurance Paper 7: Enterprise Information Systems & Strategic Management
Section A: Enterprise Information SystemsSection B: Strategic Management
Paper 8: Financial Management & Economics for Finance
Section A: Financial ManagementSection B: Economics for Finance
Papers of Final Course
Group I Paper 1: Financial Reporting Paper 2: Strategic Financial Management Paper 3: Advanced Auditing and Professional Ethics Paper 4: Corporate and Economic Laws
Part I: Corporate LawsPart II: Economic Laws
Group II Paper 5: Strategic Cost Management and Performance Evaluation Paper 6: Elective Paper (One to be chosen from the list of Elective Papers) List of Elective Papers
6A Risk Management6B Financial Services & Capital Markets6C International Taxation6D Economic Laws6E Global Financial Reporting Standards6F Multi-disciplinary Case Study
Paper 7: Direct Tax Laws & International Taxation
Part I: Direct Tax LawsPart II: International Taxation
Paper 8: Indirect Tax Laws
Part I: Goods and Services TaxPart II: Customs & FTP
Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) (in replacement of Orientation Course & Information Technology Training) Duration: 4 weeks (2 weeks for soft skills and 2 weeks for IT) When to complete: Students registering for the Intermediate course shall be required to successfully complete ICITSS before commencement of practical training.
Practical Training (Articleship Training)
Duration of Practical Training: Three YearsCommences after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing either or both groups of Intermediate.For direct entrants coming through Graduation and Post Graduation route, the practical training commences immediately after they complete four weeks ICITSS.For direct entrants who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India, the practical training commences immediately after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing either or both groups of Intermediate
Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS) (in replacement of General Management and Communication Skills(GMCS) & Advanced Information Technology Training) Duration: 4 weeks (2 weeks for soft skills and 2 weeks for Advance IT) When to complete: Students undergoing Practical training shall be required to do AICITSS during the last 2 years of Practical training but to successfully complete the same before being eligible to appear in the Final Examination. The students will be tested on “Information System Risk Management and Audit” under AICITSS. The students would be tested through online test paper/ OMR Test Paper conducted by the examination department which they would be required to qualify to be eligible to appear for Final Examination. Recommended Articles
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