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FAQs on ICAI Revised Scheme of Education and Training for CA Course

FAQs on ICAI Revised Scheme of Education and Training for CA Course i.e. CA Foundation, CA Intermediate and CA Final with effect from 1st July, 2017.

As we know that the Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training for CA Course which has been effective from First day of July 2017.

There are various queries asked by CA students regarding ICAI New Revised Scheme of Education and Training. For the help of CA students such questions are placed at one place hereunder:

FAQs in respect of Revised Scheme of Education and Training

Question 1: Under the Revised Scheme what is the nomenclature for all the three levels?
Answer: The three levels will now be called as Foundation, Intermediate and Final in place of earlier levels i.e. Common Proficiency Course (CPC), Intermediate (integrated Proficiency Competence) Course and Final. In other words, the following level of exams shall be taken place under the revised scheme:

Question 2: When is the first examination going to be held at all levels under Revised Scheme?
Answer: The first exam of CA Foundation, CA Intermediate and CA Final under newly revised Scheme shall be held in May, 2018.

Question 3: When can I register for CA Foundation Course?
Answer:  For registering in CA Foundation Course, a student must have appeared in class 12th Examination.

Question 4: I have just appeared Class 12th Examination and results are still awaited, when can I join the CA Course?
Answer:  If you have registered in CPT course till 30th June 2017 then you were eligible to appear for CA CPT in Dec 2017. However, if you have not cleared your CPT yet then you may appear till June 2019.

In case you register after 30th June 2017, you have to compulsorily register in CA Foundation (under the Revised Scheme) and can appear for CA Foundation Examination in May 2018.

Question 5: If I register in CA Foundation Course on 1st July, 2017 when can I appear for Foundation examination?
Answer:  For appearing in CA Foundation Examination, a student must have completed 4 months of study period and have qualified class 12th Examination. Accordingly, you will be able to appear in May 2018 Foundation exams.

Question 6: When are the CA Foundation Examinations held and what is the cut-off date of registration in Foundation?
Answer:  The Foundation Examinations will be held in the month of May and November every year. 31st December and 30th June is the cut-off date for registration for being eligible to appear in May and November examinations respectively covering a study period of four months. Accordingly, you have to register on or before 31-12-2017 to appear in CA Foundation May 2018 examinations and 30th June 2018 to appear in Nov 2018 exams.

Question 7: I appeared in Class XII Examination in March-April-2018 and my XII result were declared in May 2018, Can I register for Foundation Course now so as to appear in Foundation Examination in November 2018?
Answer:  You can register for the Foundation Course as per the Revised Scheme on or after 1st July, 2017. The 1st Examination of Foundation under the Revised Scheme was held in May, 2018 Examination so you will be eligible to appear in Nov 2018.

If you want to register for CA Course now, you can do so by registering for new course i.e. CA Foundation Course only. Any student who has appeared Class XII and registered for Foundation course on or before 31st December 2018/ 30th June 2019 and after qualifying Class XII Examination will be eligible to write in the respective May 2019/ November 2019 examination.

Question 8: How many Papers are there in CA Foundation Course ?
Answer:  There will be 4 papers in CA Foundation Course.

Question 9: What is the examination pattern in CA Foundation Course?
Answer:  There are four papers in CA Foundation Course. Out of those 4 papers, 2 papers are subjective type (Paper 1 and Paper 2) and rest of the 2 papers are objective type (Paper 3 and Paper 4).

Question 10: Is there negative marking in CA Foundation like CA CPT?
Answer:  Yes. Negative marking is for Papers 3 and 4 only and not for subjective papers i.e. 1 & 2.

Question 11: What are the papers in CA Foundation?
Answer:  Following are papers in CA Foundation Course:

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)

Question 12: How can I qualify Foundation Examination?
Answer:  You can qualify Foundation Examination by securing 50% in aggregate and 40% in each subject individually.

Question 13: When can I register for Intermediate Course?
Answer:  A student can register in Intermediate Course w e f 1st July 2017, if qualified PE I /CPT/ Foundation or if joining through Direct Entry Route.

Question 14: If I register in Intermediate Course on 1st July 2017 through CPT route, when can I appear for Intermediate Exams?
Answer:  You can appear in Intermediate exams in May 2018. You have to complete 8 months of study period before appearing for the Intermediate Examination.

Question 15: I am appearing / have appeared for CPT examination in Dec 2017 how can I register in IPCC Course (existing scheme)?
Answer:  The results of CPT Dec 2017 will be declared on 17th January 2018 while the existing scheme will be discontinued w e f 1st July 2017. Hence you will have to compulsorily register in Intermediate Course under New Scheme.

Question 16: I have cleared CPT in January, 2018, Can I register for Intermediate Course?
Answer:  Yes, after clearing CPT held in Dec, 2017, you can register for Intermediate Course under the Revised Course.

Question 17: If I qualify CPT- Dec 2017 examination, when will I be eligible to appear for Intermediate Examination?
Answer:  For appearing in Intermediate examination a study period of eight months is required. Accordingly, you have to register latest by 1st March, 2018 in Intermediate Course for being eligible to appear in Nov 2018 Examination.

Question 18: When are the Intermediate Examinations held and what is the cut-off date of registration in Intermediate?
Answer:  The Intermediate Examinations will be held in the month of May and November every year. 1st Sep. and 1st March is the cut-off date for registration for being eligible to appear in May and November examinations respectively under the Foundation Route.

Question 19: I wish to join CA Course under Revised Scheme through Direct Entry Route. When can I join the course so as to be eligible for Nov 2018 Examinations?
Answer:  You have to register in Intermediate on 1st January 2018 and complete 4 weeks of ICITSS and commence the Practical Training latest by 1st February 2018 to be eligible to appear for Nov 2018 examination. Through Direct Entry route, a Student can appear in Intermediate after completion of 9 months of Practical Training.
Under Direct Entry Route, a student has to commence the practical training latest by 1st August/ 1st Feb. for being eligible to appear in May/ Nov. examinations respectively.

Question 20: I am through Foundation/ CPT route, when can I commence Practical Training?
Answer:  After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.

Question 21: I am through Direct Entry Route, when can I commence Practical Training?
Answer:  Immediately after registering for Intermediate Course and successful completion of Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.

Question 22: I have qualified Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India, when can I commence Practical Training?
Answer:  After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.

Question 23: What are the papers in Intermediate?
Answer: There are 8 Papers in Intermediate which are as under:-

Group I

Paper 1: 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 and Management Accounting (100 Marks)
Paper 4: Taxation (100 Marks)

Section A: Income Tax Law (60 Marks)
Section B: Indirect Tax Laws (40 Marks)

Group II

Paper 5: Advanced Accounting (100 Marks)
Paper 6: Auditing and Assurance (100 Marks)
Paper 7: Enterprise Information System & Strategic Management (100 Marks)

Section A: Enterprise Information System (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

Question 24: What are the papers at the CA Final level under the Revised Scheme?
Answer:  Number of Papers at CA Final lever are 8 and are as under:-

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 Laws and other Economic Laws (100 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)

  • 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: Advanced Indirect Tax Laws (100 Marks)

Question 25: When can I register for the CA Final Course under the Revised Scheme?
Answer:  The registration under the Revised Scheme for the CA Final Course has already started from July 1, 2017.

Question 26: When can I appear for the Final Examination under the Revised Scheme?
Answer:  Under the Revised Scheme, you can appear for the Final examination during the last six months of Practical Training and after successfully completing Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)

Question 27: What is the duration of Practical Training?
Answer:  Three years.

Question 28: I have registered for only Group-I / Group-II of IPCC, under which scheme will I be eligible to appear in May 2018 onwards?
Answer:  You have to compulsorily register under the Revised Scheme for the remaining group.

Question 29: I have registered for only Group-I / Group-II of IPCC and taken Nov 2017 Exams, suppose I do not qualify and register for balance Group under revised scheme how will I appear in May 2018?
Answer: You had to register for the balance group under the existing scheme till 30th June, 2017 and can continue till the available attempts. If you have not registered yet then you have to compulsorily switch over to revised scheme. In other words, you cannot appear both in existing and revised scheme at the same time.

Question 30: I’m currently pursuing articleship and in 1st/2nd year of training. I have not yet registered for Final course. Do I compulsorily need to register for Final Course before 30th June, 2017 in order to continue under existing scheme.
Answer: Yes. Only the students registered under the existing scheme till 30th June 2017 will be able to pursue the course as per existing scheme, thereafter they will have register under the revised scheme only.

Question 31: What will be our attempt if our first group is already passed and registered in articleship in March 2017.
Answer:  In Nov. 2017, you can appear in IPCC Group-II (provided you have registered for Group-II or both Groups uptil 30th June 2017) under the existing scheme for the available attempts.

Question 32: I have qualified Group-I of IPCC and undergoing last 6 months of articleship. I have taken Group-II exams in May 2017 and if I qualify the same, when will my 1st Final Attempt be?
Answer: This aspect is under consideration and separate clarification will be issued shortly.

Question 33: Is it possible to apply for new intermediate course on qualifying CPT Dec., 2017 or earlier attempts (but not registered for IPCC Course till date)?
Answer: Last date to register for IPCC under the Existing Scheme was 30th June 2017. If not done till 30th June, 2017, you will compulsorily register for Intermediate under the Revised Scheme.

Question 34: I have valid registration for CPT/ IPCC as on 1st January 2017 but if it expires before taking up exams. Can I take up the exams under existing scheme by revalidating or have to switch to Revised Scheme?
Answer:  The revalidation under the existing scheme can be done even after 1st July 2017 till the available attempts of Examinations of that level under the existing scheme.

Question 35: I have completed PE II/ PCC/IPCC. How can I appear for Final Exam under existing scheme in Nov. 17 / May, 2018?
Answer:  For appearing in Final Exam under existing scheme, a student has to register himself in Final Course under existing scheme till 30th June, 2017.

Question 36: I am appearing for IPCC Examinations in Nov., 2017, under which scheme will I be able to appear in Final?
Answer:  After qualifying IPCC Examinations in Nov., 2017, you have to register in Final Course under the revised scheme. From 1st July, 2017 and onwards, students can register only under Revised Scheme as the existing scheme will be discontinued from 1st July, 2017.

Question 37: If I have registered for CPT before 30th June, 2017 will I be allowed to switch over to Foundation at a later stage?
Answer: At any point of time, you can switch over to Foundation Course.

Question 38: Which is the last examination of CPT?
Answer:  June, 2019 will be the last CPT examination.

Question 39: If I have registered for IPCC before 30th June, 2017 will I be allowed to switch over to Intermediate at a later stage?
Answer:  At any point of time, you can switch over to Intermediate Course.

Question 40: Which is the last examination of IPCC course?
Answer:  May, 2019 will be the last IPCC examination.

Question 41: If I have registered for Final (existing scheme) before 30th June, 2017 will I be allowed to switch over to Final (revised scheme) at a later stage?
Answer:  At any point of time, you can switch over to Final (revised) Course.

Question 42: Which is the last examination of Final (existing) Course?
Answer:  November, 2020 will be the last examination of Final (existing) course.

Question 43: How many parallel attempts will be given to students under CPT-Foundation, IPCC-Intermediate and Final (existing) – Final (revised)?
Answer:  Number of parallel attempts for CPT-Foundation, IPCC-Intermediate and Final (existing) – Final (revised) will be 3, 3 and 6 respectively.

Question 44: Can I register for articleship/practical training after clearing only 2nd group of Intermediate instead of the old regime of mandatory passing 1st Group of IPCC before being eligible for enrolling under articleship/practical training?
Answer: Yes, the same has been changed and you may register for practical training after passing either of any of the group or both the groups of Intermediate.

Question 45: Suppose I have appeared for 12th Boards/final examination in March 2018, I am eligible to appear in June 2018 attempt of CPT under current structure of the course but under the new course structure, am I still eligible for appearing in May 2018 of Foundation or I will be eligible for November 2018 attempt only.
Answer:  Under the new structure, you must have completed 4 months of study period and have qualified class 12th examination and therefore, you will be eligible for appearing in November 2018 attempt or onwards and not May 2018 attempt.

Question 46: Is (ICITSS) under new scheme is similar to Information Technology and Orientation Course?
Answer: Yes, only the nomenclature of the course has been changed. The course starting w.e.f 1st July 2017, shall be named as ICITSS.

Question 47: I am student under existing scheme and have undergone OC and ITT. Do I need to undergo ICITSS?
Answer:  No. The students under the existing scheme who have undergone OC and ITT are not required to undergo ICITSS

Question 48: I am student under existing scheme and have not undergone OC and ITT. Do I need to undergo ICITSS?
Answer:  Yes. The student has to undergo ICITSS.

Question 49: Will Board of Studies provide study material for ICITSS?
Answer: The Board of Studies will provide study material for ICITSS.

Question 50: Will the students get a certificate after the successful completion of the course?
Answer:  The students will get a certificate from the concerned POU after successful completion of the course.

Question 51: What is the duration of undergoing Advanced ICITSS course?
Answer: The duration of undergoing the course is four weeks.

Question 52: Is GMCS and Advanced ITT similar to Advanced ICITSS same?
Answer:  Yes, GMCS and Advanced ITT are similar to Advanced ICITSS. Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS) is consisting General Management and Communication Skills & Advanced Information Technology Training.

Question 53: Is the revised syllabus applicable for student registered in the existing scheme?
Answer:  The syllabus of GMCS and Advanced ITT will be applicable for both the student registered in existing as well as Revised Scheme in the courses conducted w.e.f 1st July 2017.

Question 54: When can I undergo Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)?
Answer:  Advance ICITSS can be undergone anytime during last 2 years of Practical Training but compulsorily before appearing for the final examination under the Revised Scheme.

Question 55: I am student under existing scheme and have undergone GMCS and Advanced ITT. Do I need to undergo Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)?
Answer:  No. The students under the existing scheme who have undergone GMCS and Advanced ITT are not required to undergo Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)

Question 56: I am student under existing scheme and have not undergone GMCS and Advanced ITT. Do I need to undergo Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)?
Answer: Yes. You have to undergo Advanced Integrated Course on Information Technology and Soft Skills (ICITSS) before applying for membership of the Institute.

Question 57: What is the duration of undergoing Advanced Integrated Course on Information Technology and Soft Skills (ICITSS) course?
Answer: The duration of undergoing the Integrated Course on Information Technology and Soft Skills (ICITSS) course is four weeks.

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Sumit Sarswat
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Sumit Sarswat

i cleared my final first group in nov-17 exams.
can i opt new scheme for my ca final second group ???
if yes should i opt new scheme for my final second group ??

PG
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PG

I registered CA final in revised scheme (online) is there any need to send the hard copy of application to ICAI? If anyone knows, please reply….

Shubham Sindhi
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Shubham Sindhi

I have been registered for IPCC under Direct Entry Scheme before 30th June 2017. but have not done any Training course till now. Which course I have to complete ICITSS or Information Technology now to apply for Articleship ?

Geeta
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Geeta

I am currently in Std.11 and I will have to sit for foundation course after 12th. So if I want to appear for foundation exam after 12th do I have to register now in 11th only?

KAJAL ANAND
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KAJAL ANAND

I HAD BEEN REGISTERED UNDER CA COURSE THROUGH DIRECT ENTRY SCHEME, BEFORE 30TH JUNE 2017, MY EXAMINATION ATTEMPT IS IN MAY 2018, UNDER WHICH SCHEME MY EXAMINATION IS BEING COVERED,NEW SCHEME OR EXISTING SCHEME?

Aishu
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Aishu

I registered IPCC under the existing scheme and my last date for revalidation is before 22th July 2017. Was it necessary for me to register for the Revised Scheme before 30th June ?

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