Objective of the Proposed Course
- Practical oriented approach,to overcome the blind mugging up .
- Uninterrupted articleship training.
Eligibility to enroll for the Chartered Accountancy Course
|
Present |
Proposed |
|
Candidates are eligible to take up the course after Passing 12th Standard examination or relevant to 12th Standard |
Candidates are eligible to take up the course after Passing 10th Standard examination. |
Click here to listen to the Twitter Spaces conducted on Proposed CA Course
Proposed Changes for Foundation CA
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Present |
Proposed |
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40% Marks and above to pass in each subject |
50% marks in each subject |
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50% in aggregate |
50% in aggregate |
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Subjects: 1. Principles and Practice of Accounting 2. Business Laws and Business Correspondence and Reporting 3. Business Mathematics and Logical Reasoning & Statistics 4. Business Economics and Business and Commercial Knowledge |
No changes in the Subjects |
Proposed Changes For Intermediate CA
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Present |
Proposed |
|
No Negative Marking in the objectives. |
Proposed for Negative marking in the objectives of 25%. |
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Subjects: 1. Accounting 2. Corporate and Other Law 3. Cost and Management Accounting 4. Taxation 5. Advanced Accounting 6. Auditing and Assurance 7. Enterprise Information Systems & Strategic Management 8. Financial Management & Economics for Finance |
Subjects: 1. Advanced Accounting 2. Corporate Laws 3. Cost and Management Accounting 4. Taxation 5. Auditing and Code of Ethics. 6. Paper A : Financial Management |
Changes in the Articleship or Practical Training
- Students are eligible to enroll for articleship training only after qualifying the Intermediate Level.
- The duration of practical training will be 2 years.
- 12 days leave per year is allowed .
- After completion of 2 years of Practical Training the students are eligible to take up Final CA exam.
- Candidates who choose 3 years of Articleship are exempted from working for one year post qualification under a FCA to obtain Certificate of Practice.
Proposed Changes For Final CA
|
Present |
Proposed |
|
No Negative Marking in the objectives. |
Proposed for Negative marking in the objectives of 25%. |
|
Subjects: 1. Financial Reporting 2. Strategic Financial Management 3. Advanced Auditing and Professional Ethics 4. Corporate and Economic Laws 5. Strategic Cost Management and Performance Evaluation 6. Financial Services and Capital Markets/ International Taxation/Economic Laws/Global Financial Reporting Standards/Multidisciplinary Case Study 7. Direct Tax Laws and International Taxation 8. Indirect Tax Laws |
Subjects: 1. Financial Reporting 2. Advanced Financial Management 3. Advanced Auditing and Professional Ethics 4. Direct Laws and International Taxation 5. Indirect Tax Laws 6. Integrated Business Solutions. |
Introduction of Self Paced Online Modules
Contains 4 sets
Set A: (Compulsory)
Economic Laws
Set B: (Compulsory)
Strategic Cost Management and Performance Evaluation.
Set C: (Choice of any one which are relevant globally )
- Risk Management
- Integrated and Sustainability Reporting
- Government Accounting and Public Finance
- Introduction to Digital Ecosystem and Transformation
- International Taxation
- Arbitration, Mediation and Conciliation
- Forensic Audit
- Financial Services and Capital Markets
- Valuation
- Forex and Treasury Management
Set D: (Choice of any one)
- Constitution of India.
- Psychology.
- Entrepreneurship.
- Communication.
Proposed rules for Exemption
The students who score 60 and above marks in any subjects are granted exemption and allowed to carry forward the exemption upto 3 attempts as in the present scheme. The student shall be passed only if they score 50 marks and above in the remaining subjects in the relevant group within the 3 attempts.
Post Qualification Changes
A candidate who qualifies chooses to be Certified Professional (COP) such qualified Chartered Accountants are mandatory to work under a Fellow Chartered Accountant for one year to obtain a Certificate of Practice.
Opinions about the Proposed Changes by Experts
Experts of the fraternity say that the proposal is a bold move by the Institute, it makes the course more practical oriented considering the current economic scenario and dynamic global policies by adding subjects relevant to the curriculum. Talking about the articleship period of 2 years which is dedicated to full training and open book exams are also the plus points of the proposal.
However, the cons of the proposal are the exemption rules which makes it difficult for the students to continue the course. And completion of self-paced modules in 2 years during the articleship period may be difficult considering the volume of the subjects.
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