The ICAI announced the implementation of the new “Revised Scheme of Education & Training” of the Chartered Accountancy Course on 1st June 2017, and it is applicable from 1st July 2017.

The ICAI released some materials, which was very long. So here, I have tried to arrange that material according to the relevance and in logical order.

  1. New Course for CA-CPT (Now called CA-Foundation)
  2. New Course for CA-IPCC (Now called CA-Intermediate)
  3. New Course for CA-Final (Now also called CA-Final)
  4. Relating to Articleship
  5. Relating to OTC, ITT, GMCS & Advanced ITT (Now called ICITSS & Advanced ICITSS respectively)
  6. Relating to Direct Entry under the New CA Course
  7. Complete Course Roadmap under New CA Course
  8. CA Course for CS/ CMA students under New CA Course

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1. Relating to New Course for CA-CPT (Now called CA-Foundation)

Registration & Exam Details

Last date for CPT Registration – 30th June, 2017

Date of commencement of registration for Foundation Course – 1st July, 2017

First Foundation Exam to be held in – May, 2018

Last CPT Exam to be held in – June 2019

Three Parallel attempts of CA-CPT & CA-Foundation (From May/ June 18 to May/ June 19)

Course Details

Foundation Course

(Number of Papers – 4)
Paper 1: Principles and Practices of Accounting (100 Marks)
Paper 2: Business Law & Business Correspondence and Reporting (100 Marks)
Section A: Business Law (60 Marks)
Section B: Business Correspondence and Reporting (40 Marks)
Paper 3*: Business Mathematics and Logical Reasoning &Statistics (100 Marks)
Part I: Business Mathematics and Logical Reasoning (60 Marks)
Part II: Statistics (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)

Notes:
o *Paper 3 and Paper 4 will be Objective type papers with negative marking.
o Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.
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2. New Course for CA-IPCC (Now called CA-Intermediate)

Registration & Exam Details

Last date for Registration in Intermediate (IPC) Course – 30th June, 2017

Date of commencement of registration for Intermediate Course – (Both Routes) – 1st July, 2017

First Exam for Intermediate (Both Routes) in – May, 2018

Last Exam for Intermediate (IPC) in – May, 19

Three Parallel attempts of Intermediate & IIPCC – (From May 18 to May 19)

Course Details

Intermediate Course

(Number of Papers – 8)
Group I
Paper 1: Accounting (100 Marks)
Paper 2: Corporate Laws & Other Laws (100 Marks)
Part I: Company Laws (60 Marks)
Part II: Other Laws (40 Marks)
Paper 3: Cost and Management Accounting (100 Marks)
Paper 4: Taxation (100 Marks)
Section A: Income Tax Law (60 Marks)
Section B: Indirect Taxes (40 Marks)
Group II
Paper 5: Advanced Accounting (100 Marks)
Paper 6: Auditing and Assurance (100 Marks)
Paper 7: Enterprise Information Systems & Strategic Management (100 Marks)
Section A: Enterprise Information Systems (50 Marks)
Section B: Strategic Management (50 Marks)
Paper 8: Financial Management & Economics for Finance (100 Marks)
Section A: Financial Management (60 Marks)
Section B: Economics for Finance (40 Marks)
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3. New Course for CA-Final (Now also called CA-Final)

Registration & Exam Details

Last date for Registration in existing Final Course – 30th June, 2017

Date of commencement of registration in Final (new) Course – 1st July, 2017

First Exam for Final (new) Course in – May, 2018

Last Exam for existing Final Course in – Nov., 2020

Six Parallel attempts of Final (new) & Final (Existing) (From May 18 to Nov 20)

Course Details

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 and Economic Laws (100 Marks)
Part I: Corporate Laws (70 Marks)
Part II: Economic Laws (30 Marks)
Group II
Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)
List of Elective Papers
Risk Management
International Taxation
Economic Laws
Financial Services & Capital Markets
Global Financial Reporting Standards
Multidisciplinary Case Study
Paper 7: Direct Tax Laws (70 Marks) & International Taxation (30 Marks)
Part I: Direct Tax Laws (70 Marks)
Part II: International Taxation (30 Marks)
Paper 8: Indirect Tax Laws (100 Marks)
Part I: Goods and Service Tax (75 Marks)
Part II: Customs and FDP (25 Marks)
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4. Relating to Articleship

Practical Training

•Duration of Practical Training: Three Years
•Commences 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.
• For direct entrants who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India, the practical training commences immediately after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing either or both groups of Intermediate.
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5. Relating to OTC, ITT, GMCS & Advanced ITT (Now called ICITSS & Advanced ICITSS respectively)

Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) (in replacement of Orientation Course & Information Technology Training)

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 successfully complete ICITSS before commencement of practical training.

Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS) (in replacement of General Management and Communication Skills(GMCS) & Advanced Information Technology Training)

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 successfully complete the same before being eligible to appear in the Final Examination.

[The students will be tested on “Information System Risk Management and Audit” under AICITSS. The students would be tested through online test paper/ OMR Test Paper conducted by the examination department which they would be required to qualify to be eligible to appear for Final Examination.]
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6. Relating to Direct Entry under the New CA Course

Steps for eligible Graduates and Post Graduates:

• Register with the BOS for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).
• Successfully complete Four 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 Nine months of Practical Training.
• Qualify Intermediate Course.
• Register for the Final Course after qualifying both Groups of Intermediate Course.
• Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
• Appear in Final examination during last six months of practical training.
• Complete Practical Training.
• Qualify both groups of Final Course.
• Become Member
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7. Complete Course Roadmap under New CA Course

Steps under Route I – Foundation Course Route

• Register with Board of Studies (BoS) after appearing in Class XII examination so as to complete four months study period (i.e. register till 30th June / 31st Dec. for November/May Examination).
• Qualify Class XII examination (if not done earlier)
• Appear for Foundation examination in November/May.
• Qualify Foundation Course.
• Register with the BoS for the Intermediate Course.
• Complete 8 months of study course.
• Appear and Pass in either or both Groups of Intermediate Course.
• Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) anytime after registering for Intermediate Course but before commencement of the Practical Training.
• Register for three years Practical Training on passing either or both the Groups of Intermediate Course.
• Register for the Final Course after qualifying both the Groups of Intermediate Course.
• Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
• Appear in Final examination during last six months of practical training.
• Complete Practical Training
• Qualify both groups of Final Course.
• Become Member.
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8. CA Course for CS/ CMA students under New CA Course

Steps for eligible students who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India:

• Register with the BoS for the Intermediate Course.
• Complete 8 months of study course.
• Appear and Pass in either or both Groups of Intermediate Course.
• Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) anytime after registering for Intermediate Course but before commencement of the Practical Training.
• Register for Three years Practical Training on passing either or both the Groups of Intermediate Course.
• Register for the Final Course after qualifying both the Groups of Intermediate Course.
• Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination.
• Appear in Final examination during last six months of practical training.
• Complete Practical Training
• Qualify both groups of Final Course.
• Become Member.
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Sources:

1. http://resource.cdn.icai.org/45556bos35643summary.pdf

2. http://resource.cdn.icai.org/45557bos35643.pdf

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