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Isca scrapped?

Anjana (Qualified CA) (34 Points)

06 January 2015

It hs been said that ISCA as a subject in the CA Final exam has ben scrapped. How true is it?

Besides, it has been said that IFRS has also been added to the final course.

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15 Replies

Hemant Pandit (articl assistant) (284 Points)
Replied 06 January 2015

isca scrapped is a fake news... knowledge of isca concepts are essential for any CA

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CA NIHAL JAIN (CA In Practice) (110 Points)
Replied 06 January 2015

LOL

Where do u guys get these rumuors from.??

Wish it was true

But our ICAI will never scrap it just like that.

chetan (student) (27 Points)
Replied 06 January 2015

Yes i think so its getting dropped from ca final syllabus. CA rajesh sharma quoted the same on his website...

CA ANKUSH AGGARWAL (CHARTERED ACCOUNTANT) (2782 Points)
Replied 06 January 2015

Its not a rumour....this was said by ICAI president during national convention at Mumbai as far as i have knowldege.....Date of ca final result was also declared to be 19th jan

Nafis saiyad (Article) (118 Points)
Replied 06 January 2015

Same news came to me on what's app.

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CA Kapil Sabharwal (CA ) (380 Points)
Replied 06 January 2015

Hello friends Unless otherwise you got the notification on ICAI portal, you must prepare the ISCA subject. It's not too difficult but the only issue is that it is not our cup of tea i.e. this subject is not related with other subjects like Accounts and tax etc.

CA ANKUSH AGGARWAL (CHARTERED ACCOUNTANT) (2782 Points)
Replied 06 January 2015

It is to be clarified all students already registred for final course have to prepare ISCA.They shall not think that may be isca will not be applicable for them.Whatever course changes would be applicable it would be for students registered after a specified date

(Guest)

BIGGEST FOOLS ARE THOSE WHO UNDERMINE THE IMPORTANCE OF ISCA.EVERYTHING IS ON CLOUDS THESE DAYS.FUTURE IS CASHLESS ECONOMY,ARTIFICIAL INTELLIGENCE.CURRENCIES LIKE BITCOINS ARE HOT ISSUES.INFORMATION SYSTEM IS THE ESSENCE OF THIS NEW WORLD ORDER. BIGGEST BLUNDER EVER WILL BE THE DELETION OF ISCA.ALL THESE SHENANIGANS JUST BECAUSE ISCA IS TOO BORING & HARD TO SCORE.

FYI,ISCA is a core subject in all the CA, CPA, CMA courses abroad.

The developed countries are way ahead in the field of ISCA.

This is a hot field. If CA's will leave/ignore this field, CMA and other finance courses will take advantage of this.

Its a theory subject but its you who can make it practical. If you have knowledge about practical issues you will be valuable for any employer.

We have to look beyond books. Use of Internet is invaluable. How many of CA students know about Crypto-Currencies like Bitcoin, MaxCoin, StarCoin,KIMDOTCOM, The case of Edward Snowden, Julian Assange, The revelations of Wikileaks, The latest cyber war between USA and North Korea over the movie " The Interview", The closure of Piratebay, The NSA revelations. To understand the intricasies of these events/stories, knowledge of Boring ISCA is of utmost importance. If you can flaunt knowledge about these events, your competitive advantage will go up. This is how IIM grads prepare. And we CA students are still thinking what is the use of ISCA.

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pooja Dhanuka (area manager) (21 Points)
Replied 06 January 2015

Excellent reply Hammad rashid.. I m actually searching these terms(bold marked) on Google now...

(Guest)

Go to my community. You will find direct links for some topics. I have a good compilation

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chetan (student) (27 Points)
Replied 07 January 2015

Thanks for the suggestion hamad bt i didnt find ane use of reading IT in Ipcc exams. I know ISCA is a difficult subject to score bt think there is no exposure for all of us in this field.

chetan (student) (27 Points)
Replied 07 January 2015

Thanks for the suggestion hamad bt i didnt find ane use of reading IT in Ipcc exams. I know ISCA is a difficult subject to score bt think there is no exposure for all of us in this field.

(Guest)

Originally posted by : chetan
	Thanks for the suggestion hamad bt i didnt find ane use of reading IT in Ipcc exams. I know ISCA is a difficult subject to score bt think there is no exposure for all of us in this field.

Paper - 7A: Information Technology (50 Marks)
Level of Knowledge: Working Knowledge
Objective: “To develop understanding of Information Technology as a key enabler and facilitator of implementing Information Systems in enterprises and their impact on business processes and controls”.
Contents
1. Business Process Management & IT: Introduction to various Business processes –Accounting, Finances, Sale, Purchase etc. Business Process Automation – Benefits & Risks,Approach to mapping systems: Entity Diagrams, Data Flow Diagrams, Systems Flow diagrams, Decision Trees/tables, Accounting systems vs. Value chain automation. Information as a business asset, Impact of IT on business processes. Business Risks of failure of IT,Business Process Re-engineering
2. Information Systems and IT Fundamentals: Understand importance of IT in business and relevance to Audit with case studies. Understand working of computers and networks in business process automation from business information perspective. Concepts of Computing (Definition provided by ACM/IEEE and overview of related terminologies). Overview of IS
Layers – Applications, DBMS, systems software, hardware, networks & links and people. Overview of Information Systems life cycle and key phases. Computing Technologies & Hardware – Servers, end points, popular computing architectures, emerging computing architectures & delivery models – example: SaaS, Cloud Computing, Mobile computing, etc., Example: Overview of latest devices/technologies – i5, Bluetooth, Tablet, Wi-Fi, Android,Touchpad, iPad, iPod, Laptop, Notebook, Smartphone, Ultra- Mobile PC etc.
3. Telecommunication and Networks: Fundamentals of telecommunication,Components and functions of Telecommunication Systems. Data networks – types of architecture, LAN, WAN, Wireless, private and public networks etc., Overview of computing architectures – centralized, de-centralized, mainframe, client-server, thin-thick client etc.Network Fundamentals – Components, Standards and protocols, Network risks & controls –VPN, Encryption, Secure protocols. Network administration and management – concepts and issues. How information systems are facilitated through telecommunications. How Internet
works, Internet architecture, key concepts, risks and controls, e-Commerce and M-commerce technologies
4. Business Information Systems : Information Systems and their role in businesses, IT as a business enabler & driver – ERP, Core Banking System, CRM, SCM, HRMS, Payment Mechanisms. The relationship between organizations, information systems and business processes, Accounting Information Systems and linkages to Operational systems, Business Reporting, MIS & IT. Organization Roles & responsibilities and table or authorities, importance of access controls, privilege controls. Specialized systems - MIS, DSS, Business Intelligence, Expert Systems, Artificial Intelligence, Knowledge Management systems etc.
5. Business process automation through Application software: Business Applications– overview and types, Business Process Automation, relevant controls and information systems. Information Processing & Delivery channels and their role in Information Systems.Key types of Application Controls and their need. Emerging concepts – Virtualization, Grid Computing, Cloud delivery model.

IF THE STUDENTS " didnt find ane use of reading IT in IPCC exams and they think that there is no exposure for all of us in this field." AND FOUND ABOVE TOPICS IRRELEVANT TO CA PROFESSION.

MY REACTION

Reuters/Michael Dalder