CA CPT, IPCC & Final New Course 2016 full Details

Terms of Reference:
To Review the Appropriateness, of the Existing, scheme of Education and Practical training for membership of the Institute and Formulate a new Scheme Having Regard to anticipated changes in the global economic Environment and Requirement of various Stockholders.

To review the existing scheme of theoretical education including the stages of professional accounting education, classification and coverage of subject at each stage in light of relevant international education standards and good practices adopted by international accountancy bodies.

To review the effectiveness of the scheme of practical training, including supervision and monitoring to ensure inculcation of professional values, ethics and attitudes as well as professional skill necessary for development of versatile and competent professional accountants.

To review and modify the existing methods of assessments to ensure objective evaluation of professional competence achieved at each stage of professional accountancy education.

To review the appropriateness of the existing scheme of education and training relating to Accounting Technician and review the same having regard to the requirements of various sectors the economy

To consider other matters of similar nature arising from the above as the Committee may consider.

Analysis of Major Trends: Undertaking intensive comparative study of education and training of some significant International Accountancy Bodies.

Study of Current Stage of Higher/professional Education: Developments in Education sectors in India particularly with reference to higher and professional education.

Meetings with Stakeholders: Regional CRET Meeting with members, users of services including industry, regulators and academicians.

Specific Issues- based response from Branches

Questionnaire- based Survey: Questionnaires for Members, Students, and Users of services and Academicians were hosted on the Institute’s website. The respective response were recorded and analysed.

Bench marking International Education Standards: International Education Standards including various reports, documents and other releases particularly relating to professional education were bench marked.

Significant Issue:
Entry Level Requirements
Practical Training
Theoretical Instruction and Course Curriculum
Assessment Methods

Entry Routes and Number of Levels

Route I – Foundation Course Route:
Under the Foundation Course Route, a Class X pass student may register itself with the Board of Studies (BoS) of the Institute for the Foundation Course. The steps are as follows:

Register and complete 9 months of theoretical education for the Foundation Course.

Appear for Foundation examination after appearing in Class XII  examination

Qualify Foundation Examination.

Register and complete 12 months of theoretical education of the Intermediate Course.

Appear and Pass at least Group I of Intermediate Examination.

Complete Three Weeks Integrate 3D Course on Information Technology and Soft Skills  (ICITSS ) before commencement of the practical training

Register for Three years Practical Training on passing at least Group I

Register for the Final Course after qualifying both Groups of Intermediate Course.

Complete Three Weeds Advanced ICITSS during the last two years of Practical Training.

Complete Practical Training.

Appear in Final examination after completion of practical training.
Become Member.

Note: Candidates who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost.  Accountants of India are exempt from Foundation Course.They shall register for the CA Intermediate course directly and shall have to undergo the CACourse in the manner akin to the Foundation passed students I.C. they will undergo steps from Bullet Point  4 ( given above ) onwards.

Route II – Direct Entry Route:
As per the existing scheme, it is proposed to allow Commerce Graduates/Post – Graduates ( with minimum 55 % marks ) or Other Graduates/Post – Graduates ( with minimum 60 % marks )  to enter directly to the Intermediate Course. The following steps are required to be undertaken by the eligible Graduates and Post Graduates under this route:

Register with the BoS for the Intermediate course (provisional registration allowed to the Final year students )

Complete Three 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 Twelve months of Practical Training.

Qualify Intermediate Examination.

Register for the Final Course after qualifying both Groups of Intermediate Course

Complete Three Weeks Advanced ICTTSS during the last two years of Practical Training.

Complete Practical Training.

Appear in Final examination after completion of practical training.

Become Member

Number and Title of Papers:

Foundation Course:     Number of Papers – 4
Paper 1                    :    Fundamentals of Accounting (100 marks)
Paper 2                    :    Quantitative Aptitude (100 marks)
Paper 3 A                :     Mercantile Law (60 marks)
Paper 3 B                :    General Economics (40 marks)
Paper 4 A                :     General English (50 marks)
Paper 4 B                :     Business Communication (50 marks)
Two papers will be MCQ based papers.

Intermediate Course: Number of Papers – 8
Group I
Paper – 1  : Accounting (100 marks)
Paper – 2  : Company Law, Other Laws and Ethics (100 marks)
Part – I :  Company Law (60 marks)
Part – II  :   Other Laws (20 marks)
Part – III :     Ethics (20 marks)
Paper – 3  :    Cost Accounting (100 marks)
Paper –  4 :       Direct Taxes (100 marks)
Group II
Paper – 5    :  Advanced Accounting  (100 marks)
Paper – 6      :  Auditing and Assurance (100 marks)
Paper – 7      : Financial Management (100 marks)
Paper – 8      : Indirect Taxes (100 marks)

Final Course – Number of Papers – 8
Group I
Paper – 1 : Financial Reporting (100 marks)
Paper – 2 : Strategic Financial Management (100 marks)
Paper – 3 : Advanced Auditing And Professional Ethics (100 marks)
Paper – 4 : Corporate Law and Other Economic Laws (100 marks)
Group II
Paper – 5 : Advanced Management Accounting (100 marks)
Paper – 6 : Financial Services and Capital Markets (100 marks)
Paper – 7 : Advanced Tax Management (60 marks) and Internal Taxation (40 marks)
Paper – 8 : Indirect Tax Laws (100 marks)

Integrated Course on Information Technology and Soft Skills (ICITSS):
Objective – To Sharpen the technical  and Soft Skills of CA Students
Duration – Three Weeks
Who Shall Do – Students Registering for intermediate course shall be required to do ICITSS Before commencing Practical Training.
Assessment Test : – An Assessment test shall be conducted at the end of course Which the students have to qualify

Practical Training/Article ship Training:
Duration of Practical Training :  Three Years
Commence After One Completes integrated course on Information Technology and Soft Skills (ICITSS) and passes at least Group 1 of intermediate Course.
For Direct Entrants coming throw Graduation  and Post Graduation route, the practical training commences immediately after they Complete three weeks ICITSS

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