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Chartered Accountant Course New Scheme From May 2016

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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. In previous post we have given what are the changes in CPT, IPCC and CA Final syllabus from 2016. But today ICAI released a new notification about ” Chartered Accountant Course New Scheme ” full details. 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).

CA Inter Lectures
CA Final Lectures

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 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 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 inthe official Gazette in due course.

Chartered Accountant Course New Scheme | Direct Entry Route

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 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.

Chartered Accountant Course New Scheme | 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

Chartered Accountant Course New Scheme | Intermediate Course

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)

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.

Chartered Accountant Course New Scheme | 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)

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Also Read:

CA IPCC Syllabus CA IPCC Registration CA IPCC Exam Dates
CA IPCC Papers & Mock Tests CA IPCC Study Plan CA IPCC Suggested Answer
CA IPCC Revision Test Papers CA IPCC Study Material CA IPCC Important Dates

 


 

16 Comments
  1. Nallathambi.K says

    Dear sir,

    One More Doubt.

    I have doing second year articleship training. (Direct entry scheme)

    I am not completed Ipcc both groups.?
    Suppose I will pass coming attempts 1 group, second group may be May 2016 i will attent the 2 group, so may 2016 I am applicabel to new scheme or run the Old Scheme?

    When, I can appear to new scheme ?

    Please reply sir.

    Thanks.
    Nallathambi.K

  2. Saan De says

    if u already registered, icai will give some fixed number of attempts to complete old scheme

  3. swathi says

    am already completed CPT and Articles , am pursuing IPCC which scheme is applicable to me

  4. divya says

    Sir,
    Im completed ITT bt I didnt complete my orientation program… as per new scheme ICITSS program s thr… whether I want to complete my orientation program or ICITSS program…
    Reply plss..

  5. Abhinandan says

    Hi, I am a Bcom graduate (full time) , could someone help me out with the marks eligibility criteria for Direct Entry for CA-IPCC !
    1- Including Languages my total percentage is 54.417 , but
    2-Excluding Languages my total percentage is 58.534
    Can i apply ?

  6. sudhir singh says

    according to me old scheme applicable for u….swathi….because new scheme is come into force on 2016..

  7. tejaswini says

    wil the new sylabus be applicable from next year june exams

  8. sudarshan singh says

    Enter your comment here…im a student of BBA can i eligible for ca ipcc .

  9. abhee says

    yes. graduate from any discipline with minimum 55% aggregate can register for ipcc

  10. Prakash says

    Hi! I have completed my cpt batch(2015 Dec).Is iam eligible for ipcc may(2016) exam????

  11. premsai says

    Sir I am appearing for Nov 2016 exams I have not registered yet I want to register now can I register with any late fees sir

  12. divyansh goel says

    dear sir ,
    I have been registered as an article assistant in sep 2015 and not registered for finals . which scheme is applicable for me

  13. Gnanesha VS says

    Dear Sir,

    I recently enrolled on line under Direct entry scheme-IPCC, as i have cleared Executive level of ICSI, upon submitting the hard copies at Bangalore Chapter i was denied access for registration as i was unable to produce my original CS Executive marks cards for verification, which i had cleared in the year 2012. ICSI has discontinued issuing hard copies of executive marks cards form 2011 and has requested the students to download the same from its website. Which i had done and was attested by a Practising CA. The Bangalore chapter told me to send the hard copies to Chennai, which was done on 13th of this month, for which i have not received any confirmation form ICAI, upon repeated follow ups, on line payment been made on 2nd of this Junly, i am confused, as to my registration for IPCC has been approved or not.

    Request you to let me know what needs, and how to take about this forward.

    Regards,
    Gnanesha VS

  14. Gnanesha VS says

    Dear Sir,

    I recently enrolled on line under Direct entry scheme-IPCC, as i have cleared Executive level of ICSI, upon submitting the hard copies at Bangalore Chapter i was denied access for registration as i was unable to produce my original CS Executive marks cards for verification, which i had cleared in the year 2012. ICSI has discontinued issuing hard copies of executive marks cards form 2011 and has requested the students to download the same from its website. Which i had done and was attested by a Practising CA. The Bangalore chapter told me to send the hard copies to Chennai, which was done on 13th of this month, for which i have not received any confirmation form ICAI, upon repeated follow ups, on line payment been made on 2nd of this July, i am confused, as to my registration for IPCC has been approved or not.

    Request you to let me know what needs to be done.

    Regards,
    Gnanesha VS

  15. Chetna Chaudhary says

    Dear Ganesh,
    We understand your anxiety.
    ICSI will take at least 45 days to process the confirmation after registration.
    Till then you have to wait.

    Regards,
    Team SuperProfs

  16. Chetna Chaudhary says

    Dear Ganesh,

    We understand your anxiety.
    ICSI will take at least 45 days to process the confirmation after registration.
    Till then you have to wait.

    Regards,
    Team SuperProfs

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