Chartered Accountant Course New Scheme From 2016
Chartered Accountant Course New
Scheme From 2016. We have already known that The Institute of Chartered
Accountants of India (ICAI) announced new ca syllabus from 2016. This
notification contains How to become
Chartered Accountant through
foundation route or direct entry route, Name and Number of Papers in
Foundation, Inter and Final syllabus from 2016 and other training details like
Four Weeks Integrated Course on
Information Technology and Soft Skills (ICITSS),
Practical Training and Advance Four Weeks Integrated Course on Information
Technology and Soft
Skills(AICITSS).
In Foundation course Paper 2 and Paper 4 will be Objective
type papers and remaining are descriptive papers. ICAI didn’t remove
Information Technology and StrategicManagement
Paper in CA IPCC Group – 2 and also ICAI didn’t remove Information Systems
Control and Audit paper in CA Final. Read remaining changes as per new syllabus
in CA CPT, IPCC and CA Final from May 2016 !!
Chartered Accountant Course New Scheme | Foundation Route
Revised Scheme: Route I – Foundation Course
Under the Foundation Course Route, the following steps are
required
1. Register with Board
of Studies (BoS) after appearing in Class XII till June 30/Dec 31.
2.
Be eligible to appear for Foundation examination after passing Class XII
examination. The first Foundation examination can be taken in November/May, as
applicable, following passing of Class XII examination.
3.
Qualify Foundation Course.
4.
Register with the BoS for the Intermediate Course.
5.
Complete 8 months of study
6.
Appear and Pass in either or both Groups of Intermediate Course
7. Successfully complete Four Weeks Integrated Course on
Information Technology andSoft Skills (ICITSS) before
commencement of the practical training
8. Register for Three years Practical Training on passing either
or both the Groups of Intermediate.
9. Register for the Final Course after qualifying both the
Groups of Intermediate Course.
10. Successfully complete Four Weeks Advanced ICITSS during the
last two years of Practical Training.
11. Complete Practical Training.
12. Appear in Final examination after completion of practical
training and Advanced ICITSS.
13. Become Member.
Note: ICAI has decided in
principle the above mentioned Scheme. However, the scheme will be notified
inthe official Gazette in due course.
Revised Scheme: Route II – Direct Entry Route
The ICAI allows Commerce Graduates/Post-Graduates (with minimum
55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and
Intermediate level passed students of Institute of Company Secretaries of India
and Institute of Cost Accountants of India to enter directly to its
Intermediate Course. The following steps are required to be undertaken by the
eligible Graduates and Post Graduates under this route:
1. Register with the BOS for the Intermediate course (provisional registration
allowed to the students doing Final year of graduation).
2.
Successfully complete Four Weeks Integrated Course on Information Technology
andSoft Skills (ICITSS)
before commencement of the practical training.
3.
Register for Three Years Practical Training.
4.
Appear in Intermediate Examination after Nine months of Practical Training.
5.
Qualify Intermediate Course.
6.
Register for the Final Course after qualifying both Groups of Intermediate
Course.
7.
Successfully complete Four Weeks Advanced ICITSS during the last two years of
Practical Training.
8.
Complete Practical Training.
9.
Appear in Final examination after completion of practical training and Advanced
ICITSS.
10.
Become Member
Note: Candidates who have passed Intermediate level examination
of ICSI or ICWAI and enter the CA Intermediate course directly shall be treated
at par with Foundation passed students and shall have to undergo the CA course
in the manner ak into the Foundation passed students.
There are 4 papers in CA
Foundation course. Remember
one thing that Paper 2 and Paper 4
will be Objective type papers. Read below !!
Number of Papers – 4
Paper I: Principles and Practices of Accounting (100 Marks)
Paper 2*: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
·
Part I: Business
Mathematics and Logical Reasoning
(60 Marks)
·
Part II: Statistics (40 Marks)
Paper 3: Mercantile Law & General English (100 Marks)
·
Part I: Mercantile Law (60 Marks)
·
Part II: General English (40 Marks)
Paper 4*: Business Economics & Business and Commercial
Knowledge (100 Marks)
·
Part I: Business Economics (60 Marks)
·
Part II: Business and Commercial Knowledge (40 Marks)
*Paper 2 and Paper 4 will be
Objective type papers
Note :
1. Passing percentage:Aggregate- 50% and Subject-wise- 40% at
one sitting.
2. Objective type question of I or more marks.
3. Examination: In the month of November and May after passing
Class XII
There are 8 papers in CA IPCC new scheme from 2016. In previous
notification ICAI said that they are going to remove Information Technology and Strategic Management Paper from CA
IPCC Group – 2 completely. But in new notification, Information Technology
&Strategic Management paper also included. In new syllabus Direct tax laws for 60 marks and Indirect tax
laws for 40 Marks. Read below changes in IPCC new syllabus from 2016 !!
Number of Papers – 8
Group I
Paper I : Accounting (100 Marks)
Paper 2: Corporate Laws & Other Laws (100 Marks)
·
Part I: Corporate Laws (60 Marks)
·
Part II: Other Laws (40 Marks)
Paper 3: Cost Accounting (100 Marks)
Paper 4: Direct Tax Laws & Indirect Tax Laws (100 Marks)
·
Part I: Direct Tax Laws (60 Marks)
·
Part II: Indirect Tax Laws (40 Marks)
Group II
Paper 5: Advanced Accounting (100 Marks)
Paper 6: Auditing and Assurance (100 Marks)
Paper 7: Financial
Management & Business Economic
Environment (100 Marks)
·
Part I: Financial Management (60 Marks)
·
Part II: Business Economic
Environment (40 Marks)
Paper 8: Information Technology & Strategic Management (100 Marks)
·
Part I: Information Technology (60 Marks)
·
Part II: Strategic Management (40 Marks)
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 do ICITSS before commencement of practical training.
Assessment Test: An assessment test shall be conducted at the end of the course
which the students have to qualify for being able to appear in the Intermediate
examination.
Duration of Practical Training: Three Years
Commences 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.
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 complete the same
before appearing in the Final Examination.
Assessment Test: An assessment test
shall be conducted at the end of the course which the students have to qualify
for being eligible to appear in the Final Examination.
There are 8 papers in CA Final new syllabus from 2016. Changes
in CA Final course from below !!
Number of Papers – 8
Group I
Paper I: Financial Reporting (100 Marks)
Paper 2 : Strategic Financial Management (100 Marks)
Paper 3 :Advanced
Auditing and Professional Ethics (100 Marks)
Paper 4 : Corporate Laws and other Economic Laws (100 Marks)
Group – II
Paper 5 : Advanced Management Accounting (100 Marks)
Paper 6 : Financial Services and Capital Markets &
Information Systems Control and Audit (100 Marks)
·
Part I: Financial Services and Capital Markets (50 Marks)
·
Part II: Information Systems Control and Audit (50 Marks)
Paper 7: Advanced Direct Tax Laws & International Taxation
·
Part I: Advanced Direct Tax Laws (70 Marks)
·
Part II: International Taxation (30 Marks)
Paper – 8: Advanced Indirect Tax Laws (100 Marks)
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