FAQs on Revised Scheme of Education and Training from 1st July 2017. FAQs in respect of Revised Scheme of Education and Training. Check Applicability of CA Final New Syllabus, CA IPCC New Syllabus, CA CPT New Syllabus. FAQs on CA New Syllabus applicable from 1st July 2017. List of all questions or queries relevant for CA New Course 2017..check more details from below...
FAQs on Revised Scheme of Education and TrainingQ1: Under the Revised Scheme what is the nomenclature for all the three levels?
Ans: You can register in CPC till 30th June 2017 and can appear for CPT in Dec. 2017.In case you register after 30th June 2017, you have to compulsorily register in Foundation (under the Revised Scheme) and can appear for Foundation Examination in May 2018.
Ans: For appearing in Foundation Examination, a student must have completed 4 months of study period and have qualified class 12th Examination. Accordingly, you will be able to appear in May 2018 Foundation exams.Q6: When are the Foundation Examinations held and what is the cut-off date of registration in Foundation?
Ans: You can register for the Foundation Course as per the Revised Scheme on or after 1st July, 2017. The 1st Examination of Foundation under the Revised Scheme will held in May, 2018 Examination so you will be eligible to appear in May 2018.If you want to register for CA Course now, you can do so by registering for the existing Common Proficiency Course (CPC) till 30th June, 2017, the examination of the same will be held in December, 2017.
Ans: There will be 4 papers in Foundation.Q9: What is the examination pattern in Foundation Course?
Ans: Yes. Negative marking is for Papers 3 & 4 only and not for subjective papers i.e. 1 & 2.Q11: What are the papers in Foundation?
- 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)
- Part I: Business Economics (60 Marks)
- Part II: Business and Commercial Knowledge (40 Marks)
Ans: You can qualify Foundation Examination by securing 50 % in aggregate and 40 % in each subject individually.Q13: When can I register for Intermediate Course?
Ans: You can appear in Intermediate exams in May 2018. You have to complete 8 months of study period before appearing for the Intermediate Examination.Q15: I am appearing / have appeared for CPT examination in June 2017 how can I register in IPCC Course (existing scheme)?
Ans: Yes, after clearing CPT in July, 2017, you can register for Intermediate Course under the Revised Course.Q17: If I qualify CPT- June 2017 examination, when will I be eligible to appear for Intermediate Examination?
Ans: The Intermediate Examinations will be held in the month of May and November every year. 1st Sep. and 1st March is the cut-off date for registration for being eligible to appear in May and November examinations respectively under the Foundation Route.Q19: I wish to join CA Course under Revised Scheme through Direct Entry Route. When can I join the course so as to be eligible for May 2018 Examinations?
Q20: I am through Foundation/ CPT route, when can I commence Practical Training?Ans: After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.
Q22: I have qualified Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India, when can I commence Practical Training?Ans: After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.
Group IPaper 1: Accounting (100 Marks)
- Part I: Corporate Laws (60 Marks)
- Part II: Other Laws (40 Marks)
Paper 4: Taxation (100 Marks)
- Section A: Income Tax Law (60 Marks)
- Section B: Indirect Tax Laws (40 Marks)
- Section A: Enterprise Information System (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
Group IPaper 1: Financial Reporting (100 Marks)
Paper 4: Corporate Laws and other Economic Laws (100 Marks)Group II
- Risk Management
- International Taxation
- Economic Laws
- Financial Services & Capital Markets
- Global Financial Reporting Standards
- Multidisciplinary Case Study
- Part I: Direct Tax Laws (70 Marks)
- Part II: International Taxation (30 Marks)
Ans: The registration under the Revised Scheme for the Final Course will start from July 1, 2017.Q26: When can I appear for the Final Examination under the Revised Scheme?
Ans: Three years.Q28: I have registered for only Group-I / Group-II of IPCC, under which scheme will I be eligible to appear in Nov. 2017 onwards?
Ans: You can register for the balance group under the existing scheme till 30th June, 2017 and can continue till the available attempts or else you have to compulsorily switch over to revised scheme. In other words, you cannot appear both in existing and revised scheme.Q30: I’m currently pursuing articleship and in 1st/2nd year of training. I have not yet registered for Final course. Do I compulsorily need to register for Final Course before 30th June, 2017 in order to continue under existing scheme.
Ans: In Nov. 2017, you can appear in IPCC Group-II (provided you have registered for Group-II or both Groups uptil 30th June 2017) under the existing scheme for the available attempts.Q32: I have qualified Group-I of IPCC and undergoing last 6 months of articleship. I have taken Group-II exams in May 2017 and if I qualify the same, when will my 1st Final Attempt be?
Ans: If you register till 30th June 2017, you will register for IPCC under the Existing Scheme if not done till 30th June, 2017, you will compulsorily register for Intermediate under the Revised Scheme.Q34: I have valid registration for CPT/ IPCC as on 1st July 2017 but if it expires before taking up exams. Can I take up the exams under existing scheme by revalidating or have to switch to Revised Scheme?
Ans: For appearing in Final Exam under existing scheme, a student has to register himself in Final Course under existing scheme till 30th June, 2017.Q36: I am appearing for IPCC Examinations in Nov., 2017, under which scheme will I be able to appear in Final?
Ans: At any point of time, you can switch over to Foundation Course.Q38: Which is the last examination of CPT?
Ans: At any point of time, you can switch over to Intermediate Course.Q40: Which is the last examination of IPCC course?
Ans: At any point of time, you can switch over to Final (revised) Course.Q42: Which is the last examination of Final (existing) Course?
Ans: Number of parallel attempts for CPT-Foundation, IPCC-Intermediate and Final (existing) – Final (revised) will be 3, 3 and 6 respectively.Q44: Can I register for articleship/practical training after clearing only 2nd group of Intermediate instead of the old regime of mandatory passing 1st Group of IPCC before being eligible for enrolling under articleship/practical training?
Ans: Under the new structure, you must have completed 4 months of study period and have qualified class 12th examination and therefore, you will be eligible for appearing in November 2018 attempt or onwards and not May 2018 attempt.Q46: Is (ICITSS) under new scheme is similar to Information Technology and Orientation Course?
Q47: I am student under existing scheme and have undergone OC and ITT. Do I need to undergo ICITSS?Ans: No. The students under the existing scheme who have undergone OC and ITT are not required to undergo ICITSS
Q49: Will Board of Studies provide study material for ICITSS?Ans: The Board of Studies will provide study material for ICITSS.
Q51: What is the duration of undergoing Advanced ICITSS course?Ans: The duration of undergoing the course is four weeks.
Q53: Is the revised syllabus applicable for student registered in the existing scheme?Ans: The syllabus of GMCS and Advanced ITT will be applicable for both the student registered in existing as well as Revised Scheme in the courses conducted w.e.f 1st July 2017.
Q55: I am student under existing scheme and have undergone GMCS and Advanced ITT. Do I need to undergo Advanced ICITSS?Ans: No. The students under the existing scheme who have undergone GMCS and Advanced ITT are not required to undergo Advanced ICITSS