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CA New Syllabus Applicable For May 2018

CA New Syllabus Applicable For May 2018 | Changes in CA CPT, IPCC and Final Syllabus

We already know that The Institute of Chartered Accountants of India (ICAI) announced CA new syllabus from 2017. In previous post we have given what are the changes in CPT, IPCC and CA Final syllabus from 2017. But today ICAI released a new notification about CA New Syllabus 2017 full details. Therefore, this notification contains How to become a CA through foundation route or direct entry route, Name and Number of Papers in Foundation, Inter and Final syllabus from 2017 and other Training details. For instance, 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 Strategic Management Paper in CA IPCC Group – 2 and also Information Systems Control and Audit Paper in CA Final. Read remaining changes as per new syllabus in CA CPT, IPCC and CA Final from Dec 2016 !!

CA New Syllabus 2017 | 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 and Soft 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 in the official Gazette in due course.

CA New Syllabus 2017 | Direct Entry Route

Revised Scheme: Route II – Direct Entry Route

From here on, the ICAI allows Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks). 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. Therefore, 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 and Soft 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.

CA New Syllabus 2017 | Foundation Course

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.

CA New Syllabus 2017| IPCC

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. However, in new notification, Information Technology & Strategic Management paper is 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)

Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)

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.

Practical Training                                                                                                                                                                       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.
 

Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS)

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.

 CA New Syllabus | CA Final Course

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)
Check Out :

Highlights of the New Revised CA Course

  • The President of ICAI, M.Devaraja Reddy, announced that the new CA Syllabus has been approved by the Corporate Affiars ministry and yet to be approved by the Law Affairs Ministry.
  • Once approved, it is likely to be made applicable from November 2017 exams. Existing students under old syllabus will be chance for few attempts before being converted to the new curriculum.
  • Under new syllabus, many changes were brought in all three levels i.e., CPT, IPCC and Final.
  • CPT will then be for 400 marks, with two theory and two objective type papers.
  • CA IPCC will have 8 subjects. Ethics and Communication part will be removed from Law Paper. Financial Management will then be moved to second group carrying 100 marks.
  • CA Final will have a new subject named ‘Capital Markets’ in the Second Group, for 50 Marks sharing the paper with ISCA.
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