Ca syllabus 2016 changes in cpt ipcc and ca final from 2016

Arpit Shah (Accountant) (21438 Points)

10 February 2016

CA Syllabus 2016 Changes in CPT IPCC and CA Final From 2016

CA Syllabus 2016 Changes in CPT IPCC and CA Final From 2016. ICAI announced on Jan 2nd 2015 that they will make some changes in CA Syllabus from 2016. We have already given that entire notification about Changes in CA New Syllabus 2016. Today ICAI has given a notification about CA New Syllabus (CA Syllabus 2016) of Education and Training. ICAI thought that It’s time for changing entire CA Syllabus pattern. So that they announced CA New Syllabus 2016 – a New scheme. Here we given key features of CA Syllabus 2016 – a New scheme.

In the given notification CA Syllabus 2016, there are some changes in CA CPT, IPCC and CA Final. This new course / syllabus / scheme will be applicable from 2016. Here we are providing CPT new syllabus from 2016, IPCC syllabus 2016, CA Final syllabus 2016. Applicability of new scheme of CA Syllbus 2016 for currents scheme students.

In Foundation course Paper 2 and Paper 4 will be Objective type papers and remaining are descripttive 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 !!

Applicability of CA Syllabus 2016 to Current CPT, IPCC and Final students

ICAI said that “We are hopeful that we will able to get permission of the government to introduce CA new syllabus 2016 and once we get the permission from the government then we will able to launch CA new syllabus 2016. I would like to inform all the students for your concern, you will continue in the current scheme. Don’t get any confusion. We will give ample opportunities (Some Fixed Number of Attempts) to complete the CA exams under the current scheme.

What about Number of Attempts for Old Syllabus Students ?

So students who are under the current scheme can complete the course under the current scheme. We will give sufficient number of attempts to complete the CA exams in old syllabus . Then you will migrate to CA new syllabus 2016. So there is nothing for you to bother about whether new syllabus 2016 is applicable to you or not. As you know it is a long process and this process takes time, government approves takes time to implement. So you just focus on your current scheme.”

Changes in CPT – CPT New Syllabus 2016

The present entrance exam CPT (Common Proficiency Test) has changed to “Foundation Exam”
CPT MCQ (Multiple Choice Questions) based exam has changed to Foundation descripttive exam. Now you can register for CPT before 6 months. In new scheme you should register before 9 months.
Adequate time gap is given so that students get sufficient time to study since the Foundation Course has been made descripttive. Also, there is an addition of full paper.
Foundation Examination will be partly descripttive in nature.
ICAI has added two additional papers in Foundation exam (CPT). They are 1. General English for 40 Marks. 2. Business and Commercial Knowledge (40 Marks).

CA Syllabus 2016 – Foundation Course (CPT) syllabus applicable from 2016

Foundation Course: Number of Papers — 4

There are 4 papers in CA Foundation course. Remember one thing that Paper 2 and Paper 4 will be Objective type papers. Read below !!

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

Changes in CA IPCC – IPCC New Syllabus 2016

ICAI has announced some changes in CA IPCC syllabus also. Here we are providing Changes from 2016 in CA IPCC Syllabus / Scheme.

1. Present CA IPCC exam has 7 papers. In new scheme there are 8 papers for IPCC exam.

2. Changes in CA IPCC Cost accounting and Financial Management

Now costing and Fm exam for 100 Marks. But in new scheme

Costing exam for 100 marks (Group – 1)
Financial Management exam for 60 marks (Group – 2)

3. Changes in CA IPCC Law Paper

Communication of Law paper 20 Marks has removed from CA IPCC Law paper.

Business Law of 30 Marks removed from CA IPCC.
Marks weightage of Company Act has increased to 60 marks
Other laws is for 20 marks and Ethics for 20 marks

4. Changes in CA IPCC Tax exam. Tax paper has divided into 2 parts

Direct Tax – 60 Marks
Indirect Tax – 40 Marks

5. Information Technology and Strategic Management Paper also included in CA IPCC Group – 2.

Part I: Information Technology (60 Marks)
Part II: Strategic Management (40 Marks)

See below CA IPCC Syallbus 2016.

Intermediate Course: 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)

Changes in CA Final – Final Syllabus 2016

ICAI has announced some changes in CA Final syllabus 2016 also. These changes in CA Final syllabus / scheme applicable from 2016. In new scheme also there are 8 papers for CA Final exam.

The subject Information Systems Control and Audit (ISCA) paper for 50 marks.
International Taxation for 30 marks has been added in CA Final syllabus 2016 view of increasing importance of the subject in the present globalized world.
A new subject ‘Financial Services and Capital Market’ has been included to make CA more competitive in the finance related areas.
The nomenclature Corporate Laws and other Economic Laws has been kept to make the name more representative of the subject.

See below CA Final syllabus from 2016

CA Final Course: 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)

CA New Course | 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.

CA New Course | 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 into the Foundation passed students.

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 TrainingDuration of Practical Training: Three YearsCommences 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.

CA Syllabus 2016 Changes in CPT IPCC and CA Final From 2016

CA Course New Scheme at a Glance See below image for CA Course new scheme at a glance !!