raksha (a) (82 Points)
25 January 2011can any1 pls tel me that the announcement which is being circulated in the forum abt scrapn the old final CA course dated 26th july 2010...where is it in the ICAI site...becoz i hav tried searchn it & couldnt find it..
as per the board of studies announcement in the ICAI site there is no announcement on 26th july 2010
pls reply
CMA.srinivasa reddy
(Job)
(206 Points)
Replied 25 January 2011
hai Raksha....me also have the same doubt regarding that.....as per my knowledge the conversion fee is Rs.1100 nd there is a form for conversion...i tried many times for CA chapters.but they r not picking up the phone.. if u get any information about this ..pls inform me also..
raksha
(a)
(82 Points)
Replied 25 January 2011
hi just wanna know that whether ca final old course students should wait for any further announcement from the institute or just register for the new course
pls guys those who hav posted da link atleast reply...
CA MAZHER MAJEED KHAN
(business)
(1644 Points)
Replied 25 January 2011
i think raksha we should wait atleast till the end of this month there will be sure some announcement by icai
as students of old course are in dilemma
i dont know why they have made such provision
its really surprising why the student who have cleared 1 group will buy the book again by paying 1100
lets wait and watch
no need to hurry concentrate on studies
CMA.srinivasa reddy
(Job)
(206 Points)
Replied 25 January 2011
hai mazher....last timre wen pe-2 students converting to ipcc..institute done like this only..they got all books even they completed one group in pe-2. nd fee also same for single nd both groups..
CMA. PRAVEEN V CA FINAL
(cost accountant)
(1402 Points)
Replied 25 January 2011
below is the link relating to discontinuance of old syllabus given by icai on 26 th july........................
raksha
(a)
(82 Points)
Replied 25 January 2011
praveen right nw there is no such announcement in the ICAI site on 26th july 2010....cn u tel me thn frm where are u postn this
Suguna
(VP)
(98 Points)
Replied 25 January 2011
hi friends i did not get the form kindly upload the format for conversion from old to new. if anybody already got that form please upload it. from rama
kalpesh N Panchal
(Audit Manager)
(36 Points)
Replied 25 January 2011
| I am cafinal old course student. I failed in both groups. can u tell me whether it is compulsory to convert from old to new course if i don't want study materials of ICAI?.Can u tell me simple application of same will serve purpose instead of conversion form of ICAI? Is it neccessary to pay Rs.1100/- if i dont requires study materials. What is the last due date of conversion procedures? Is it neccessary to do same before exam forms which i have to fill? |
| Plz reply as early as possible. |
Paddy
(seeker)
(66 Points)
Replied 25 January 2011
Hi frns,
These are based on old announcement of the institute... ny one hvg knowlege about the new announcements/notifications u hav cm thru???
kalpesh N Panchal
(Audit Manager)
(36 Points)
Replied 25 January 2011
Important Announcement for students of CA Final (Old) Course
BoS/Announcement/227/10
January 24, 2011
Sub: Discontinuance of CA Final Examination under the old syllabus.
------------
As announced earlier on the Institute’s website, the Final (Old) examination stands
discontinued with the culmination of November, 2010 examination.
A detailed announcement regarding administrative procedure to be followed by
students of Final (Old) course regarding formalities to be completed for switching over from
Final (Old) course to Final (New) course will be made in due course. In the meantime students
are required to note the following.
Paper-wise Exemption:
A student of Final (Old) Course who has been granted exemption in any paper (i.e. 60% and
above marks) under Regulation 38A(7) of the Chartered Accountants Regulations, 1988 will be
granted exemption in the corresponding paper or papers in the Final (New) Examination for the
unexpired chance/s of the exemption as given below:
Final (Old) Course Final (New) Course
Group - I Group - I
Paper 1: Advanced Accounting Paper 1: Financial Reporting
Paper 2: Management Accounting and Financial
Analysis Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate Laws and Secretarial Practice Paper 4: Corporate and Allied Laws
Group - II Group - II
Paper 5: Cost Management Paper 5: Advanced Management Accounting
Paper 6: Management Information
and Control System
Paper 6: Information Systems Control
and Audit
Paper 7: Direct Taxes Paper 7: Direct Tax Laws
Paper 8: Indirect Taxes Paper 8: Indirect Tax Laws
Group-wise pass result validity:
For the clarification of the students, it is stated that Final students who have passed in any
one but not in both the groups of the Final (Old) examination held in November, 2010 are required
to appear in the remaining group of Final (New) examination.
It is also clarified that students who were registered for chartered accountancy course
under Chartered Accountancy Regulations, 1964 and have passed one of the groups of the Final
Examination shall have to take the remaining group as per details given in the Annexure to the
Announcement.
Addition/ deletion of topics in Final (New) Course:
Additional topics to be studied by Final (Old)
course students in Final (New) course
Following topics need not be studied by Final
(Old) course students in Final (New)course
examination
Paper 1: Financial Reporting
1. Market value added, Shareholders’ value
added;
2. Inflation accounting;
3. Overview of IAS, IFRS IFRIC, Significant
difference vis-à-vis Indian Accounting
Standards, understanding of US GAAP,
Application of IFRS and US GAAP*
4. Brand valuation;
5. Valuation of liabilities.
* The topic "Comparative study of basic concepts
of International Accounting Standards, US GAAPs
and Standards in India" was covered in the
curriculum of Final (Old) Course.
Paper 1: Financial Reporting
- Accounting for not-for-profit organizations
- Environmental Accounting
- Corporate Social Reporting
Paper 2: Strategic Financial Management
1. Financial Policy and Corporate Strategy
Paper 2: Strategic Financial Management
- Special problems relating to financing
and management of Small and Medium
Enterprises
- Foreign Collaborations and Joint Ventures
- Special Features of Financial Management
in Public Sector Undertakings
Paper 3: Advanced Auditing and Professional
Ethics
1. Consolidated Financial Statements
2. Sarbanes Oxley Act (SOX)
--- NIL ---
Paper 4: Corporate and Allied Laws
1. Company Law:
Dividend
2. Allied Laws:
Overview of the following Acts :
The Banking Regulation Act, 1949,
The Insurance Act, 1938,
The Insurance Regulatory and Development
Authority Act, 1999
The Securitisation and Reconstruction of
Financial Assets and Enforcement of Security
Interest Act, 2002
The Prevention of Money Laundering Act,
2002.
--- NIL ---
Paper 7: Direct Tax Laws
1. Inter-relationship between accounting and
taxation; and
2. Ethics in taxation.
--- NIL ---
Paper 8: Indirect Tax Laws
1. Inter-relationship between accounting and
taxation;
2. Ethics in taxation;
3. Value Added Tax
--- NIL ---
Announcement relating to new Study Materials for Final Course:
Students of Final Course may note that the Study Materials, including Practice Manuals, for all the
subjects of the Final Course have been modified/revised/updated and the new materials would be
available at all the regional offices and branches of the Institute.
As you are all well aware, revision/updation of Study Materials is a continuous process and it is very
essential that you remain updated with the developments in all the subjects of your curriculum.
Therefore, it is desirable that you read the latest Study Materials.
The Study Materials on Direct Tax Laws and Indirect Tax Laws have been updated based on the law
as amended by the Finance Act, 2010. Practice Manuals have also been prepared for the first time
in these two subjects based on the law as amended by the Finance Act, 2010 and practical
problems have been worked out based on the provisions relevant for A.Y.2011-12 (in case of Direct
Tax Laws). Therefore, these study materials, in particular, are relevant for May 2011 and
November 2011 examination. Students appearing in May 2011 and November 2011 examination
are, therefore, advised to buy the latest Study Materials in these two subjects.
Director, Board of Studies
vaibhav
(Mgr)
(21 Points)
Replied 28 January 2011
I confirmed from Pune branch that DD of Rs.1,100/- is optional. You may opt for Conversion from Old course to New course without paying the fees for Study Material.
CAclubindia
