CA - New Syllabus from 2016..an overview

To make the course more industry friendly the CA syllabus is set to change in 2016. 

In 26th August,2014 a news regarding the change in CA syllabus was published in Times of India Newspaper. 

Link: http://www.icai.org/news.html?news=6371

With a view to implementing that the new CA course is expected to be changed in the following manner:

1.      Foundation Course:

• The CPT (Common Proficiency Test) is changing to Foundation course.
• There will be 4 papers of 100 each out of which 2 papers will be MCQ.
• The papers are: 

Paper 1: Fundamentals of Accounting (100 marks)

Paper 2: Quantitative Aptitude (100 marks)

Paper 3A: Mercantile Law (60 marks)

Paper 3B: General Economics ( 40 marks)

Paper 4A: General English (50 marks)

Paper 4B: Business Communication (50 marks)

• So, there is increase in number of subjects from 4 to 6. Since 2 papers will be of descriptive nature adequate time gap will be given for preparation.

2.      Intermediate Course:

• Now there will be 8 papers, quite expected. But the sign of relief is there is no paper for IT&SM.
• Cost and Financial management have been separated to 100 marks subjects each.
• The papers are:

Group 1:

Paper 1: Accounting (100 marks)

Paper 2: Company Law, Other Law and Ethics (60+20+20 = 100 marks)

Paper 3: Cost accounting (100 marks)

Paper 4 : Direct Taxes (100 marks)

 Group 2:

Paper 5: Advanced Accounting (100 marks)

Paper 6 – Auditing & Assurance (100 marks)

Paper 7: Financial Management (100 marks)

Paper 8: Indirect Taxes (100 marks)

3. Final Course:

• Again good news : ISCA will not be there instead there will be a new subject ‘Financial Services and Capital Market’.
• International Taxation will have separate 40 marks.
• The papers are:

Group 1:

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 Law and other Economic Law (100 marks)

Group 2:

Paper 5: Advanced Management accounting (100 marks)

Paper 6: Financial Services and Capital Market (100 marks)

Paper 7: Advance Tax Management and International Taxation (60+40=100 marks)

Paper 8: Indirect Tax Laws (100 marks)

·         Moreover, there will be a 3 week course on Information Technology and Soft Skills. It is to be done before practical training.

·         There will be 9 month study period for foundation and 12 month study period for intermediate.

·         Practical training will start after passing any of the groups of intermediate and after successful completion of 3 week programme on IT and soft skills.

·         CA final exam can be written only after completion of 3 years of practical training.

·         So, a tougher challenge which is essentially required keeping in mind the current market scenario. Quality is never compromised in CA.