LATEST UPDATES ON CA SYLLABUS FOR NOV 2017

ICAI released their revised scheme for CA Course for future. They have made the change in all the three levels (Foundation, Inter and Final) compared to previous ones.

All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. Students who are eligible to register in the CPT/IIPCC/Final under the existing scheme, may register on or before 30th June, 2017. With effect from 1st July, 2017, the registration in the CPT/IIPCC/Final under the existing scheme will discontinue.

Here the new changes also effect How to become ” CA ” through foundation route or direct entry route, Name and Number of Papers in Foundation, Inter and Final syllabus from 2017 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 1st July 2017.

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 inthe official Gazette in due course.

CA New Syllabus 2017 | 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 ak into the Foundation passed students.

Latest Update from ICAI President (31st August)

As you may be aware, CA profession is undergoing a rapid transformation and CA professionals are producing excellence in a variety of professional fields and spheres challenging the stereotype.

Emerging borderless economies, surge in IT development and resulting complexities, increasing emphasis on CSR, and, above all, increasing strategic importance of CA professionals as complete business solution provider, have all contributed to this transformation.

At ICAI, we are in the final stages of implementing a new scheme of education and training with an objective to prepare more competent, better equipped and more responsible generation of chartered accountants. Nelson Mandela said: Education is the most powerful weapon which you can use to change the world.

In line with the relevant International Education Standards of IFAC, this new course curriculum has been designed to benchmark the Indian CA education with the best in the world and make our students and future members of the CA fraternity more competent and multifarious professionals, and enablers of compliance and fiscal discipline.

CA CPT Revised Syllabus

Paper 1	Principles and Practices of Accounting	100 Marks
Paper 2 (Part I)	Mercantile Laws	60 Marks
Paper-2 (Part-II)	General English	40 Marks
Paper 3	Business Mathematics Logical Reasoning and Statistics	100 Marks
Paper 4	Business Economics & Business and Commercial Knowledge	100 Marks

CA IPCC Revised New Syllabus

Paper 1	Accounting	100 Marks
Paper 2	Corporate and Other Laws	100 Marks
Paper  3	Cost Accounting	100 Marks
Paper 4A	Direct Tax Laws	60 Marks
Paper 4B	Indirect Tax Laws	40 Marks
Paper 5	Advanced Accounting	100 Marks
Paper 6	Auditing and Assurance	100 Marks
Paper 7A	Financial Management	60 Marks
Paper 7B	Business Economic Environment	40 Marks
Paper 8A	Information Technology	60 Marks
Paper 8B	Strategic Management	40 Marks

CA Final New Revised Syllabus

Paper 1	Financial Reporting	100 Marks
Paper 2	Strategic Financial Management	100 Marks
Paper  3	Advanced Auditing and Professional Ethics	100 Marks
Paper 4A	Corporate Laws	60 Marks
Paper 4B	Other Economic Laws	40 Marks
Paper 5	Advanced Management Accounting	100 Marks
Paper 6A	Financial Services and Capital Markets	50 Marks
Paper 6B	Information Systems Control and Audit	50 Marks
Paper 7A	Advanced Direct Tax Laws	70 Marks
Paper 7B	International Taxation	30 Marks
Paper 8B	Advanced Indirect Laws	100 Marks

Highlights of the New Revised CA Course

• The President of ICAI, M.Devaraja Reddy, announced that the new CA Syllabus has been approved by the Corporate Affiars ministry and yet to be approved by the Law Affairs Ministry.
• Once approved, it is likely to be made applicable from November 2017 exams. Existing students under old syllabus will be chance for few attempts before being converted to the new curriculum.
• Under new syllabus, many changes were brought in all three levels i.e., CPT, IPCC and Final.
• CPT will then be for 400 marks, with two theory and two objective type papers.
• CA IPCC will have 8 subjects. Ethics and Communication part will be removed from Law Paper. Financial Management will then be moved to second group carrying 100 marks.
• CA Final will have a new subject named ‘Capital Markets’ in the Second Group, for 50 Marks sharing the paper with ISCA.

CA CPT June 2012 Question paper with Solutions

Solution of CA CPT Questions, exam which previously held on  17 June 2012.

To download the Question paper with solutions, Click here

CA CPT June 2013 Syllabus

CA CPT June 2013 Syllabus

Level of Knowledge : Basic knowledge

SESSION – I :

Section A : Fundamentals of Accounting ( 60 Marks )

Objective :

To develop conceptual understanding of the fundamentals of financial accounting system.

Contents

1. Theoretical Framework

• Meaning and Scope of accounting
• Accounting Concepts, Principles and Conventions
• Accounting Standards – concepts, objectives, benefits
• Accounting Policies
• Accounting as a measurement discipline – valuation principles, accounting estimates

2. Accounting Process

Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement
4. Inventories

• Basis of inventory valuation and record keeping.

5. Depreciation accounting

• Methods, computation and accounting treatment of depreciation, Change in depreciationmethods.

6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions

• Consignments
• Joint Ventures
• Bills of exchange and promissory notes
• Sale of goods on approval or return basis.

8. Partnership Accounts

• Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts

• Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

Section B: Mercantile Laws ( 40 Marks )
Objective :

• To test the general comprehension of elements of mercantile law.

Contents

• The Indian Contract Act , 1872 : An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.
• The Sale of Goods Act, 1930 : Formation of the contract of sale – Conditions and Warranties – Transfer of ownership and delivery of goods – Unpaid seller and his rights.
• The India Partnership Act, 1932 : General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.

SESSION – II
Section C: General Economics ( 50 Marks )
Objective :

• To ensure basic understanding of economic systems, economic behaviour of individuals and organizations.

Contents
( I ) Micro Economics
1. Introduction to Micro Economics

• Definition, scope and nature of Economics
• Methods of economic study
• Central problems of an economy and Production possibilities curve

2. Theory of Demand and Supply

• Meaning and determinants of demand, Law of demand and Elasticity of demand ─ Price, income and cross elasticity
• Theory of consumer ’s behaviour – Marshallian approach and Indifference curve approach
• Meaning and determinants of supply, Law of supply and Elasticity of supply

3. Theory of Production and Cost

• Meaning and Factors of production
• Laws of Production – The Law of variable proportions and Laws of returns to scale
• Concepts of Costs – Short – run and long – run costs, Average and marginal costs, Total, fixed and variable costs.

4. Price Determination in Different Markets

• Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
• Price determination in these markets.

( II ) Indian Economic Development
5. Indian Economy – A Profile

• Nature of the Indian Economy
• Role of different sectors – Agriculture, Industry and Services in the development of the Indian economy, their problems and growth
• National Income of India – Concepts of national income, Different methods of measuring national income, Growth of national income and per capita income in various plans
• Basic understanding of tax system of India – Direct and Indirect Taxation

6. Select Aspects of Indian Economy

• Population – Its size, rate of growth and its implication for growth
• Poverty – Absolute and relative poverty and main programs for poverty alleviation
• Unemployment – Types, causes and incidence of unemployment
• Infrastructure – Energy, Transportation, Communication, Health and Education
• Inflation
• Budget and Fiscal deficits
• Balance of payments
• External debts

7. Economic Reforms in India

• Features of economic reforms since 1991
• Liberalisation, Privatisation and Disinvestment
• Globalisation.

8. Money and Banking

• Money – Meaning and functions
• Commercial Banks – Role and functions
• Reserve Bank of India – Role and functions, Monetary policy

Section D: Quantitative Aptitude ( 50 Marks )
Objective :

• To test the grasp of elementary concepts in Mathematics and Statistics and application of the same as useful quantitative tools.

Contents
1. Ratio and proportion, Indices, Logarithms
2. Equations
Linear – simultaneous linear equations up to three variables, quadratic and cubic equations in one variable, equations of a straight line, intersection of straight lines, graphical solution to linear equations.
3. Inequalities

• Graphs of inequalities in two variables – common region.

4. Simple and Compound Interest including annuity ─ Applications
5. Basic concepts of Permutations and Combinations
6. Sequence and Series – Arithmetic and geometric progressions
7. Sets, Functions and Relations
8. Limits and Continuity ─ Intuitive Approach
9. Basic concepts of Differential and Integral Calculus ( excluding trigonometric functions )
10. Statistical description of data

• Textual, Tabular & Diagrammatic representation of data.
• Frequency Distribution.
• Graphical representation of frequency distribution – Histogram, Frequency Polygon, Ogive

11. Measures of Central Tendency and Dispersion

• Arithmetic Mean, Median – Partition Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile deviation

12. Correlation and Regression
13. Probability and Expected Value by Mathematical Expectation
14. Theoretical Distributions Binomial, Poisson and Normal.
15. Sampling Theory
Basic Principles of sampling theory , Comparison between sample survey and complete enumeration, Errors in sample survey , Some important terms associated with sampling, Types of sampling, Theory of estimation, Determination of sample size.
16. Index Numbers

CA CPT June 2013 Application Form Availability

CA CPT 2013 June Availability of Application Form

The CPT June 2013 Information brochure containing Common Proficiency Test application form will also be available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 3rd April, 2013.

The CPT June 2013 Prospectus can also be procured by post from any of the offices of the Institute.

The CPT 2013 June application form can be obtained and / or submitted to the following Offices of the Institute in consonance with the address of the student as stated below :

STUDENTS BELONGING TO	DISPATCH ADDRESS
Gujarat, Maharashtra, Goa and Union Territories of Daman & Diu and Dadra & Nagar Haveli	Western India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN"Anveshak" 27 Cuffe Parade, Colaba, Mumbai - 400 005, Phone : 022-39893989, Fax : 022- 39802953, E-mail : wro@icai.org

Andhra Pradesh, Kerala, Karnataka, Tamil Nadu and the Union Territories of Pondicherry and Lakshadweep Islands	Southern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 122,M.G. Road, Post Box No. 3314 Nungambakkam, Chennai - 600 034, Phone : 044 - 39893989, Fax : 044-30210355, E-mail : sro@icai.org
Assam, Meghalaya, Nagaland, Orissa, West Bengal, Manipur, Tripura, Sikkim, Arunachal Pradesh, Mizoram, Andaman-Nicobar Islands	Eastern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 7, Anandilal Poddar Sarani, (Russell Street) Kolkata - 700 071 Phone : 033-39893989, Fax : 033-30211145, E-mail : ero@icai.org
Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Uttaranchal, Chhatisgarh and Jharkhand	Central India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, Post Box No. 314, 16/77B, Civil Lines Kanpur - 208 001 Phone : 0512-3989398, Fax : 0512-3011173 E-mail : cro@icai.org
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab and Union Territory of Chandigarh	Northern India Regional Council of The Institute of Chartered Accountants of India, ICAI BHAWAN, 52-54, Vishwas Nagar, Delhi 110032. Phone : 011-39893990, Fax : 011-30210680, E-mail : nro@icai.org

The student should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and NewDelhi respectively.

CA CPT June Application Form 2013

CA CPT June Application Form 2013

Applications for admission to Common Proficiency Test is required to be made in the relevant prescribed form as contained in the Information Brochure, which may be obtained from the following address on payment of  1000/- (  500/- towards examination fee and  500/- towards cost of application form and Information brochure ) per application form.

Additional Secretary ( Examinations ),
The Institute of Chartered Accountants of India,
ICAI Bhawan, Indraprastha Marg,
New Delhi – 110 002.

CA CPT June Exam fee for candidates opting for Abu Dhabi, Dubai, Doha and Bahrain centres will be US $160 ( US $ 150 towards examination fee and US $ 10 towards cost of application form and information brochure ) or its equivalent Indian Currency.

CPT June Exam fee for the candidates opting for Kathmandu centre are required to remit INR.1350/-( INR 850/- towards examination fee and INR 500/- towards the cost of application form and information brochure ) or its equivalent foreign Currency. Since the cost of Information brochure containing Common Proficiency Test application form includes the examination fee, no separate fee is required to be remitted at the time of submitting the filled in application form.

The Information brochure containing Common Proficiency Test application form will also be available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 3rd April, 2013.

CPT June 2013 application forms duly filled in may be sent so as to reach the Additional Secretary ( Examinations ) at New Delhi not later than 24th April, 2013. Applications received after 24th April, 2013 shall not be entertained under any circumstances.
CA CPT Exam June applications duly filled in will be received by hand delivery at the offices of Institute at New Delhi and at the Decentralised Offices of the Institute at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Hyderabad, Jaipur and Pune upto 24th April, 2013. Candidates residing in these cities are advised to take advantage of this facility. It may be noted that there is no provision for acceptance of application forms after 24th April, 2013 with late fee.
The candidates who fill up the examination application form online at http://icaiexam.icai.org from 3rd April, 2013 ( 10.00 hrs ) to 24th April, 2013 ( 17.30 hrs ) and remit the fee online by using either VISA or MASTER Credit / Debit Card shall not be charged  500/- ( i.e. cost of application form fee ) in order to popularize filling-in of CPT June Exam application form online.
Common Proficiency Test ( CPT ) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course on or before 2nd April, 2013 and fulfill the requisite eligibility conditions.
Online Application Form for Common Proficiency Test ( CPT ) Registration
The students should make the draft payable accordingly to Mumbai, Chennai, Kolkata, Kanpur and NewDelhi respectively. Students, who are submitting application form online, are advised to take a print out of the filled in application form, affix the photograph, sign the application form and despatch to the appropriate office of the Institute as stated above along with relevant documents. A copy of the prospectus will be sent to such students along with the study package if they have included  100 /- towards the cost of Prospectus in the registration fee.

Gujarat, Maharashtra, Goa and Union Territories of Daman & Diu and Dadra & Nagar Haveli	Western India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 27, Cuffe Parade, Colaba, Mumbai - 400 005, Phone No. : 022 - 39893989 Fax : 022 - 39802953, Email : wro@icai.org.
Andhra Pradesh, Kerala, Karnataka, Tamil Nadu and the Union Territories of Pondicherry and Lakshadweep Islands	Southern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 122, M.G. Road, Post Box No. 3314 Nungambakkam, Chennai - 600 034, Phone No. : 044 - 39893989, Fax : 044 - 30210355, Email : sro@icai.org
Assam, Meghalaya, Nagaland, Orissa, West Bengal, Manipur, Tripura, Sikkim, Arunachal Pradesh, Mizoram, Andaman - Nicobar Islands	Eastern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 7, Anandilal Poddar Sarani ( Russell Street ), Kolkata - 700 071, Phone No. : 033 - 39893989, Fax : 033 - 30211145, Email : ero@icai.org.
Uttar Pradesh, Bihar, Madhya Pradesh, Rajasthan, Uttaranchal, Chhattisgarh and Jharkhand	Central India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, Post Box No. 314, 16 / 77B, Civil Lines, Behind Reserve Bank of India, Kanpur - 208 001, Phone No. : 0512 - 3989398, Fax : 0512 - 3011173, Email : cro@icai.org
Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab and Union Territory of Chandigarh	Northern India Regional Council of The Institute of Chartered Accountants of India ICAI BHAWAN, 52 - 54, Institutional Area, Vishwas Nagar, Shahdara, Delhi - 110 032, Phone No. : 011 - 39893990, 30210601, Fax : 011 - 30210680, Email : nro@icai.org.