ICAI Revised CA Course Scheme and Its Implementation Schedule
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ICAI Revised CA Course Scheme and Its Implementation Schedule

The Institute of Chartered Accountants of India (ICAI), after considering the inputs from various stakeholders has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC). The Revised Scheme of Education and Training for CA course will come into effect from July 01, 2017.

The three levels will now be called as Foundation, Intermediate and Final in place of earlier levels i.e. Common Proficiency Course (CPC), Intermediate (Integrated Proficiency Competence) Course and Final Course. The paper and exam pattern for Foundation, Intermediate and Final in new revised scheme are also mentioned below. There have been changes in the training format and duration in the ICAI revised CA Course scheme. 


The implementation schedule by ICAI 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 are mentioned below.

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1. CA Foundation

S. No.

Particulars

Date / Attempt

1. Last date for CPT Registration 30th June, 2017
2. Date of commencement of registration for Foundation Course 1 st July, 2017
3. First Foundation Exam to be held in May, 2018
4. Last CPT Exam to be held in June 2019
5. Three Parallel attempts

Foundation

CPT

May, 18 June, 18
Nov., 18 Dec., 18
May, 19 June,19

READ Too: CPT Admit Card June 2017 Exam Released

Exam Pattern

  • Number of Papers – 4

Paper 1: Principles and Practices of Accounting (100 Marks)

Paper 2: Business Law & Business Correspondence and Reporting (100 Marks)

          Section A: Business Law (60 Marks)

          Section B: Business Correspondence and Reporting (40 Marks)

Paper 3*: Business Mathematics and Logical Reasoning &Statistics (100 Marks)

          Part I: Business Mathematics and Logical Reasoning (60 Marks)

          Part II: Statistics (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)

Notes:

Paper 1 and paper 2 are subjective type

*Paper 3 and Paper 4 will be Objective type papers with negative marking.

Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.

2. CA Intermediate

S. No.

Particulars

Date / Attempt

1. Last date for Registration in Intermediate (IPC) Course 30th June, 2017
2. Date of commencement of registration for Intermediate Course – (Both Routes) 1st July, 2017
3. First Exam for Intermediate (Both Routes)in May, 2018
4. Last Exam for Intermediate (IPC) in May, 2019
5. Three Parallel attempts

Intermediate

IIPCC

May, 18 June, 18
Nov., 18 Dec., 18
May, 19 June,19

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Exam Pattern

Number of Papers – 8

Group I

Paper 1: Accounting (100 Marks)

Paper 2: Corporate Laws & Other Laws (100 Marks)

          Part I: Company Laws (60 Marks)

          Part II: Other Laws (40 Marks)

Paper 3: Cost and Management Accounting (100 Marks)

Paper 4: Taxation (100 Marks)

          Section A: Income Tax Law (60 Marks)

          Section B: Indirect Taxes (40 Marks)

Group II

Paper 5: Advanced Accounting (100 Marks)

Paper 6: Auditing and Assurance (100 Marks)

Paper 7: Enterprise Information Systems & Strategic Management (100 Marks)

          Section A: Enterprise Information Systems (50 Marks)

          Section B: Strategic Management (50 Marks)

Paper 8: Financial Management & Economics for Finance (100 Marks)

          Section A: Financial Management (60 Marks)

          Section B: Economics for Finance (40 Marks)

3. CA Final

S. No. Particulars Date / Attempt
1. Last date for Registration in existing Final Course 30th June, 2017
2. Date of commencement of registration in Final (new) Course 1 st July, 2017
3. First Exam for Final (new) Course in May, 2018
4. Last Exam for existing Final Course in Nov., 2020
 

5.

Six  Parallel attempts Final (new) Final (Existing)
May, 18 May, 18
Nov., 18 Nov., 18
May, 19 May,19
Nov. , 19 Nov. , 19
May 20 May, 20
Nov., 20 Nov., 20

Exam Pattern

Number of Papers – 8

Group I

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Economic Laws (100 Marks)

          Part I: Corporate Laws (70 Marks)

          Part II: Economic Laws (30 Marks)

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Group II

Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)

Paper 6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)

Elective Papers  –

  • Risk Management
  • International Taxation
  • Economic Laws
  • Financial Services & Capital Markets
  • Global Financial Reporting Standards
  • Multidisciplinary Case Study

Paper 7: Direct Tax Laws (70 Marks) & International Taxation (30 Marks)

          Part I: Direct Tax Laws (70 Marks)

          Part II: International Taxation (30 Marks)

Paper 8: Indirect Tax Laws (100 Marks)

          Part I: Goods and Service Tax (75 Marks)

          Part II: Customs and FDP (25 Marks)

Training in CA Revised Scheme Course

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)

Students registering for the Intermediate course shall be required to successfully complete ICITSS before the commencement of practical training.

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.
  • For direct entrants who have passed an 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.

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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)
  • 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.

Here you got the details about ICAI revised CA course scheme and its Implementation Schedule. In order to discuss the queries which may arise in the mind of Students with respect to Revised Scheme, post on our AfterGraduation Forum and we would be happy to discuss. Connect with us through Facebook  and Twitter.

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