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.
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)
- 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.