Revised Scheme of Education and Training for CA Course 2018 (All Details)

Revised Scheme of Education and Training

Revised Scheme of Education and Training for CA Course 2018. Scheme of Education and Training: The Institute of Chartered Accountants of India periodically reviews its scheme of education and training to remain in tandem with developments in the field of education and other changes at the national and global levels. Evolving business and changing environment also demands newer skills from the accounting professionals. ICAI, being a member body of International Federation of Accountants (IFAC), has to comply with the International Education Standards [IES 1 to IES 8]. There has been a shift from “input-based” to “outcome-based” approach. Accordingly, the scheme of education has been designed and implemented from July 1, 2017.

ICAI Issued Revised Scheme of Education and Training for Chartered Accountancy Course. After Providing CA New Syllabus 2018 CPT, IPCC, CA Final New Course 2018 here we are providing Revised Scheme of Education and Training for CA Course. In this article you can find complete details for Revised Scheme for How to Become Chartered Accountant. Now you can scroll down below and check complete details for “Revised Scheme of Education and Training for CA Course”

Revised Scheme of Education and Training for CA Course

Revised Scheme of Education and Training for CA Course, FAQs and Implementation Schedule…

The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. The Scheme of the Course is available at https://resource.cdn.icai.org/45556bos35643summary.pdf

In order to answers the queries which may arise in the mind of stakeholders with respect to Revised Scheme, FAQs have been framed which are available at https://resource.cdn.icai.org/45555bos35643faq.pdf

Further, below is the implementation schedule 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. Please note detailed paper wise exemption plan will be notified in due course.

Implementation schedule of Revised Scheme of Education and Training

A. CA Foundation Course

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
Foundation CPT
May, 18 June, 18
Nov, 18 Dec, 18
May, 19 June, 19

CA Intermediate Attempts

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 Routes)in for Intermediate (Both May, 2018
4. Last Exam for Intermediate (IPC)in May, 19
5.

 

Three Parallel attempts Intermediate IIPCC
May, 18 May, 18
Nov., 18 Nov., 18
May, 19 May, 19

CA Final New Course

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 1st 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

Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017.

Sub: Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017.

All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. Students who are eligible to register in the CPT/IIPCC/Final under the existing scheme, may register on or before 30th June, 2017. With effect from 1st July, 2017, the registration in the CPT/IIPCC/Final under the existing scheme will discontinue.

The Revised Scheme will be made available shortly at www.icai.org

Entry Routes and Number of Levels

CA Course Scheme 2016

Entry Routes to CA Course

Under the Scheme of Education and Training, a candidate can pursue Chartered Accountancy Course either through

(i) Foundation Course Route or (ii) Direct Entry Scheme (Route).

Route I – Foundation Course Route

This is an entry to the CA Course for the candidates who have appeared for class XII examinations.

Steps under Foundation Route…

  • Register with Board of Studies (BoS) after appearing in Class XII examination.
  • Complete four months study period (i.e. register till 30th June / 31st Dec.)
  • Qualify Class XII examination (if not done earlier)
  • Appear for Foundation examination in November/May after passing 10+2 Examination.
  • Qualify Foundation Course.
  • Register with the BoS for the Intermediate Course.
  • Complete 8 months of study course.
  • Appear and Pass in either or both Groups of Intermediate Course.
  • Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) any time after registering for Intermediate Course but before commencement of the Practical Training.
  • Register for Three Years Practical Training on passing either or both the Groups of Intermediate Course.
  • Register for the Final Course after qualifying both the Groups of Intermediate Course.
  • Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
  • Appear in Final examination during last six months of practical training.
  • Complete Practical Training
  • Qualify both groups of Final Course.
  • Become Member.

Route II – Direct Entry Route

The ICAI allows the following candidates to enter directly to its Intermediate Course:

A. Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and

B. Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India

In brief, candidates who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including open University) by studying any three papers carrying a minimum of 50 marks in a semester/year and cumulatively 100 or more marks over the entire duration of the concerned course out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) or Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Foundation and can register directly to Intermediate Course.

Candidates who are pursuing the Final Year Graduation Course can also register for the Intermediate Course on provisional basis and such student’s registration would be regularized and they can commence practical training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination and on successful completion of ICITSS (Orientation Course and Information Technology). During the provisional registration period, a candidate can undergo and complete ICITSS (Orientation Course and Information Technology). If such candidate fails to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees paid by him shall not be refunded/adjusted and no credit shall be given for the theoretical education undergone.

A. Steps for eligible Graduates and Post Graduates:

  • Register with the BOS for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).
  • Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the Practical Training.
  • Register for Three Years Practical Training.
  • Appear in Intermediate Examination after Nine months of Practical Training
  • Qualify Intermediate Course.
  • Register for the Final Course after qualifying both Groups of Intermediate Course.
  • Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
  • Appear in Final examination during last six months of practical training.
  • Complete Practical Training.
  • Qualify both groups of Final Course.
  • Become Member

B. Steps for eligible students who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India:

  • Register with the BoS for the Intermediate Course.
  • Complete 8 months of study course.
  • Appear and Pass in either or both Groups of Intermediate Course.
  • Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) anytime after registering for Intermediate Course but before commencement of the Practical Training.
  • Register for Three years Practical Training on passing either or both the Groups of Intermediate Course. Register for the Final Course after qualifying both the Groups of Intermediate Course.
  • Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
  • Appear in Final examination during last six months of practical training.
  • Complete Practical Training
  • Qualify both groups of Final Course.
  • Become Member.

Papers of Foundation Course

Paper 1: Principles and Practice of Accounting

Paper 2: Business Laws & Business Correspondence and Reporting

  • Section A: Business Laws
  • Section B: Business Correspondence and Reporting

Paper 3: Business Mathematics and Logical Reasoning &Statistics

  • Part I: Business Mathematics and Logical Reasoning
  • Part II: Statistics

Paper 4: Business Economics & Business and Commercial Knowledge

  • Part I: Business Economics
  • Part II: Business and Commercial Knowledge

Papers of Intermediate Course

Group I

Paper 1: Accounting

Paper 2: Corporate & Other Laws

  • Part I: Company Law
  • Part II: Other Laws

Paper 3: Cost and Management Accounting

Paper 4: Taxation

  • Section A: Income-tax Law
  • Section B: Indirect Taxes

Group II

Paper 5: Advanced Accounting

Paper 6: Auditing and Assurance

Paper 7: Enterprise Information Systems & Strategic Management

  • Section A: Enterprise Information Systems
  • Section B: Strategic Management

Paper 8: Financial Management & Economics for Finance

  • Section A: Financial Management
  • Section B: Economics for Finance

Papers of Final Course

Group I

Paper 1: Financial Reporting

Paper 2: Strategic Financial Management

Paper 3: Advanced Auditing and Professional Ethics

Paper 4: Corporate and Economic Laws

  • Part I: Corporate Laws
  • Part II: Economic Laws

Group II

Paper 5: Strategic Cost Management and Performance Evaluation

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

List of Elective Papers

  • 6A Risk Management
  • 6B Financial Services & Capital Markets
  • 6C International Taxation
  • 6D Economic Laws
  • 6E Global Financial Reporting Standards
  • 6F Multi-disciplinary Case Study

Paper 7: Direct Tax Laws & International Taxation

  • Part I: Direct Tax Laws
  • Part II: International Taxation

Paper 8: Indirect Tax Laws

  • Part I: Goods and Services Tax
  • Part II: Customs & FTP

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)

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

Practical Training (Articleship 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 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

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)

When to complete: 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.

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4 thoughts on “Revised Scheme of Education and Training for CA Course 2018 (All Details)

  1. HIMANSHI says:

    Will this revised scheme effect the final attempt? Do we have to complete the articleship before appearing for finals?

  2. arisetty.srinivasarao says:

    sir in the direct entry scheme group 1 and 2 attempt after completion of itt and orientation are before the itt training please give information.

  3. anandha kannan says:

    so in case of existing ipcc students nt yet cleared..what could be the artilceship period term and transitional provisions?

  4. komal Gupta says:

    Is the AICITSS training in Notification is applicable for the Students who r already going with their Articleship training.

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