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CA New Syllabus 2016 | Changes in CA CPT IPCC and CA Final Syllabus

CA New Syllabus from 2016

CA New Syllabus 2016 | Changes in CA CPT IPCC and CA Final Syllabus. We have already known that The Institute of Chartered Accountants of India (ICAI) announced CA new syllabus from 2016. Today ICAI released a new notification about ” CA New Syllabus 2016 ” full details. This notification contains How to become ” CA ” through foundation route or direct entry route, Name and Number of Papers in Foundation, Inter and Final syllabus from 2016 and other training details like Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), Practical Training and Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS).

In Foundation course Paper 2 and Paper 4 will be Objective type papers and remaining are descriptive papers. ICAI didn’t remove Information Technology and Strategic Management Paper in CA IPCC Group – 2 and also ICAI didn’t remove Information Systems Control and Audit paper in CA Final. Read remaining changes as per new syllabus in CA CPT, IPCC and CA Final from May 2016.

CA New Syllabus 2016 | Foundation Route

Revised Scheme: Route I – Foundation Course

Under the Foundation Course Route, the following steps are required

  1. Register with Board of Studies (BoS) after appearing in Class XII till June 30/Dec 31.
  2. Be eligible to appear for Foundation examination after passing Class XII examination. The first Foundation examination can be taken in November/May, as applicable, following passing of Class XII examination.
  3. Qualify Foundation Course.
  4. Register with the BoS for the Intermediate Course.
  5. Complete 8 months of study
  6. Appear and Pass in either or both Groups of Intermediate Course
  7. Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training
  8. Register for Three years Practical Training on passing either or both the Groups of Intermediate.
  9. Register for the Final Course after qualifying both the Groups of Intermediate Course.
  10. Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.
  11. Complete Practical Training.
  12. Appear in Final examination after completion of practical training and Advanced ICITSS.
  13. Become Member.

Note: ICAI has decided in principle the above mentioned Scheme. However, the scheme will be notified in the official Gazette in due course.

 CA New Syllabus 2016 | Direct Entry Route

Revised Scheme: Route II – Direct Entry Route

The ICAI allows Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and Intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India to enter directly to its Intermediate Course. The following steps are required to be undertaken by the eligible Graduates and Post Graduates under this route:

  1. Register with the BOS for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).
  2. Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training.
  3. Register for Three Years Practical Training.
  4. Appear in Intermediate Examination after Nine months of Practical Training.
  5. Qualify Intermediate Course.
  6. Register for the Final Course after qualifying both Groups of Intermediate Course.
  7. Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.
  8. Complete Practical Training.
  9. Appear in Final examination after completion of practical training and Advanced ICITSS.
  10. Become Member

Note: Candidates who have passed Intermediate level examination of ICSI or ICWAI and enter the CA Intermediate course directly shall be treated at par with Foundation passed students and shall have to undergo the CA course in the manner into the Foundation passed students.

 CA New Syllabus 2016 | Foundation Course

There are 4 papers in CA Foundation course. Remember one thing that Paper 2 and Paper 4 will be Objective type papers. Read below :

Number of Papers – 4

Paper I: Principles and Practices of Accounting (100 Marks)

Paper 2*: Business Mathematics and Logical Reasoning & Statistics (100 Marks)

  • Part I: Business Mathematics and Logical Reasoning (60 Marks)
  • Part II: Statistics (40 Marks)

Paper 3: Mercantile Law & General English (100 Marks)

  • Part I: Mercantile Law (60 Marks)
  • Part II: General English (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)

*Paper 2 and Paper 4 will be Objective type papers

Note :

  1. Passing percentage:Aggregate- 50% and Subject-wise- 40% at one sitting.
  2. Objective type question of I or more marks.
  3. Examination: In the month of November and May after passing Class XII

CA New Syllabus 2016| IPCC

There are 8 papers in CA IPCC new scheme from 2016. In previous notification ICAI said that they are going to remove Information Technology and Strategic Management Paper from CA IPCC Group – 2 completely. But in new notification, Information Technology & Strategic Management paper also included. In new syllabus Direct tax laws for 60 marks and Indirect tax laws for 40 Marks. Read below changes in IPCC new syllabus from 2016.

Number of Papers – 8

Group I

Paper I : 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 Accounting (100 Marks)

Paper 4: Direct Tax Laws & Indirect Tax Laws (100 Marks)

  • Part I: Direct Tax Laws (60 Marks)
  • Part II: Indirect Tax Laws (40 Marks)

Group II

Paper 5: Advanced Accounting (100 Marks)

Paper 6: Auditing and Assurance (100 Marks)

Paper 7: Financial Management & Business Economic Environment (100 Marks)

  • Part I: Financial Management (60 Marks)
  • Part II: Business Economic Environment (40 Marks)

Paper 8: Information Technology & Strategic Management (100 Marks)

  • Part I: Information Technology (60 Marks)
  • Part II: Strategic Management (40 Marks)

Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)

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 do ICITSS before commencement of practical training.

Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being able to appear in the Intermediate examination.

 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.

Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS)

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 complete the same before appearing in the Final Examination.

Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being eligible to appear in the Final Examination.

CA New Syllabus | CA Final Course

There are 8 papers in CA Final new syllabus from 2016. Changes in CA Final course from below :

Number of Papers – 8

Group I

Paper I: 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 : Advanced Management Accounting (100 Marks)

Paper 6 : Financial Services and Capital Markets & Information Systems Control and Audit (100 Marks)

  • Part I: Financial Services and Capital Markets (50 Marks)
  • Part II: Information Systems Control and Audit (50 Marks)

Paper 7: Advanced Direct Tax Laws & International Taxation

  • Part I: Advanced Direct Tax Laws (70 Marks)
  • Part II: International Taxation (30 Marks)

Paper – 8: Advanced Indirect Tax Laws (100 Marks)

CA New Syllabus 2016 at a Glance

See below image for CA Syllabus 2016 at a glance.

CA Course New Scheme 2016
CA Course New Scheme 2016

Applicability of CA Syllabus 2016 to Current CPT, IPCC and Final students

ICAI said that “We are hopeful that we will able to get permission of the government to introduce CA new syllabus 2016 and once we get the permission from the government then we will able to launch CA new syllabus 2016. I would like to inform all the students for your concern, you will continue in the current scheme. Don’t get any confusion. We will give ample opportunities (Some Fixed Number of Attempts) to complete the CA exams under the current scheme.

ICAI will release applicability notification of this ” CA New Syllabus 2016 ” in one month. We will update those details as soon as possible. So stay in touch with this article !!

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