New curriculum of CA

New CA Curriculum Syllabus from 2017 or 2018

New CPT, CA Final & CA IPCC Syllabus 2017, that is being revised by the ICAI has officially announced the date of its applicability. There has been some confusion among the students about the course so here I am to describe make you guys understand new curriculum.

New CA Syllabus Applicability date
As is a known fact that, the syllabus of CA Course is being drastically changed. It is hereby clarified by institute that, the new syllabus will likely come into effect only from May/June 2018 exams.Students registered under existing syllabus will likely be given 2-3 attempts chance to pass the exams, after which the new syllabus will be made applicable.Old students do not need to panic you have given sufficient time to clear your exams. New students who registers themself after 1st july 2017 will be registered in new scheme.

Here are the major highlight's of new scheme:

Changes in CA Foundation

1. Names changed from CPT to CA Foundation

2.Duration of CA Foundation to be 8 Months (In the previous draft – this was9 months)

3.The Exams would be held in the month of May and Nov

4. Students who appear in 12th had written thier CPT in june earlier but after applicability of new curriculam they are eligible for Nov attempt of Ca foundation. This not announced officially by ICAI but after discussion with CPT faculty we end upon conclusion that It is not practically possible to write exam in may for due lack of period and new vast course so sooner we surely recived clarification from institute on this issue.

4.The subjects as mentioned in the Revised New Draft are as follows:

Changes in CA Intermediate

1. Most awaited change from a longer period Cost Accounting and Financial Management to be 2 different subjects

2.Duration of Intermediate Course increased from 9 months to 12 months

3.Direct and Indirect Taxes were proposed to be 2 different subjects of 100 Marks each in the previous draft. In the revised draft, these have now been merged togethor into a Single subject

4.Information Technology and Strategic Management Reintroduced (ICAI was planning to delete these in the draft released earlier but now ICAI does not intent to delete them and these would continue to be applicable)The subjects as mentioned in the revised draft for the CA New Course are as follows:

Changes in CA Final

1.New subject introduced: Capital Markets and Financial Services. Our SFM facully is really happy to see this change.

2.Eligibility to appear for CA Final only after completion of full period of Articleship. No clarification regarding provisional final attempt to write final examination within last 6 months of articleship.

3.Major change in Information Systems Control and Audit (ISCA) which was proposed to be deleted in the previous draft has now been reintroduced in the revised draft. This would now form a part of Paper 6 and would be for 50 Marks but ICAI must reduce the sllaybus of icsa also otherwise it will become a headche to students.

I hope it helps you guys for any query you can ask me on mail i will definitely reply as soon as possible my mail Id is- akashjain070@gmail.com
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Benifits of being a CA

Being a CA is the biggest benefit.

But there are other benefits too, which a CA has or receives.

Your opinion gets a voice and is respectedeven by the people elder than you and much more wiser than you.

The same thing said in the same way by two different persons, amongst which one is a CA and other is not, CA’s opinion will be given more importance.

You get to sign certain forms and reports.

Most of the audits and accounting forms which are compulsory by law can only be signed by a CA.

No one else can do it. It is an advantage, since you can charge a good amount for that because no one else can do it.

You are in the rare community.

Out of 125 crore+ people in India, there will be hardly 3–4 lakh CAs. You will feel like you are special.

Indeed, you are. Not even everyone who started CA becomes a CA. So, you are a rare minority because of the intelligence you possess.

Along with CA, if you have any other particular skill, you are the most wanted CA.

Never go jobless.

Have you ever heard a CA who is jobless? No. Because there is always demand for CAs.

In fact, there is a great demand for a CA who has a deep knowledge in certain financial areas such as M&A, Portfolio Management, Private Equity Management, Wealth Management.

You know the laws.

A CA has a good knowledge of all general public laws which a normal citizen of India should have.

Knowledge of all general laws can help you in running business or getting a better job or just advising.

From company law to competition law to accounting law to taxation law. A CA knows it all.

Globally recognized Profession

Institute of Chartered Accountants of India aka ICAI has tie ups with most of the nation’s similar institutes.

So, if you are a CA from India, you have to just give one or two exams in that country and you will be a CA or equivalent of CA in that country.

For example, a CA from India has to give to give one or two papers to become a CA in Australia. (US and Canada MOU have expired)

What else do you want?

If somebody has this much available at their disposal, no one can stop him or her from being successful and achieving the dreams.

Interesting facts about CA

1. There is no place for reservation in CA course unlike other courses.
2. 40 could be a pass and 59 can be a fail.
3. Articleship is an adventure.
4. We know the shortcuts in calculator.
5. One of the toughest course.
6. You feel so respected while doing an audit at a young age (articleship period.)
7. We use an opposite tick.
8. We understand the real meaning of “after May there is November.”
9. There is no college for CA.
10. CA is not just a degree its a feeling.