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ICAI: Revised Scheme of Education and Training for CA Course

Know detail about ICAI newly revised scheme of education and training for Chartered Accountancy Course by CA Institute w.e.f. 1st July, 2017.

The Institute of Chartered Accountants of India (ICAI) has formulated the Revised Scheme of Education and Training in lines with International Education Standards issued by International Federation of Accountants (IFAC) after considering the inputs from various stakeholders. The Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017.

The implementation schedule depicting the information regarding the last date of registration under Existing Scheme, date of commencement of registration under Revised Scheme, last exam at all levels under Existing Scheme and the number of parallel attempts of examinations at all levels under both Exiting and Revised Scheme. Please note detailed paper wise exemption plan will be notified in due course.

Implementation schedule of Revised Scheme of Education and Training

  1. CA Foundation Course:
    Number of Papers – 4 (Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.)

    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:
*Paper 3 and Paper 4 will be Objective type papers with negative marking.

Important Dates for CA Foundation Course

    1. Last date for CPT Registration is 30th June, 2017
    2. Date of commencement of registration for Foundation Course is 1st July, 2017
    3. First Foundation Exam to be held in May, 2018
    4. Last CPT Exam to be held in June 2019
    5. Three Parallel attempts for CA CPT as well as CA Foundation shall be as follows:
      • CA Foundation in May 2018, Nov 2018 and May 2019
      • CA CPT June 2018, Dec 2018 and June 2019
  1. CA Intermediate Course:
    Number of Papers – 8 (Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.)
    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)

    Important Dates for CA Intermediate Course

    • Last date for Registration in Intermediate (IPC) Course is 30th June, 2017
    • Date of commencement of registration for Intermediate Course – (Both Routes) is 1st July, 2017
    • First Exam for Intermediate (Both Routes) in May, 2018
    • Last Exam for Intermediate (IPC) in May, 2019
    • Three Parallel attempts for CA Intermediate as well as CA IIPC shall be held in May 2018, Nov 2018 and May 2019.
  2. CA Final Course:
    Number of Papers – 8 (Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.)
    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)
    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)

Important Dates for CA Intermediate Course

  • Last date for Registration in existing Final Course
  • Date of commencement of registration in Final (new) Course is 1st July, 2017
  • First Exam for CA Final (new) Course shall be held in May, 2018
  • Last Exam for existing CA Final (old) Course shall be held in Nov, 2020
  • Six Parallel attempts for CA Final New Course as well as CA Final Old Course shall be held in May 2018, Nov 2018, May 2019, Nov 2019, May 2020, Nov 2020.

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