New CA Course Scheme – Complete Details 2024

The Institute of Chartered Accountants of India (ICAI) has recently introduced an ICAI New CA Course scheme, 2024.

The official notification was published in the Gazette of India on June 22, 2023

Click to read Detailed notification

The scheme’s implementation is scheduled to begin on July 1st, 2023. This new scheme significantly alters the CA course curriculum and practical training duration.The CA new scheme of education and training by ICAI covers all three levels of the CA course: CA Foundation, CA Intermediate, and CA Final.

It incorporates several changes concerning the syllabus, subjects, registration validity, and passing criteria.

IT is very important to note that CA Exams will now be conducted 3 times in a year from May 2024 onwards

Now CA exams will be held 3 times in a year. Starting from May/June’ 2024

Here’s the new plan:

•CA Intermediate exams will be held in Jan, May, & Sept

•CA Foundation exams will take place in Jan, June, & Sept

Visit this website to get Registered in CA Course

Features of New Scheme of Education & Training

• Redefined Curriculum with 6 papers each at Inter & Final Level
• 2 Years of Uninterrupted Practical Training
• Experiential Learning with Self-Paced Online Modules
• Multi-disciplinary Subjects and Specialization
• Ethics & Technology in all Core Subjects at Final Level
• Focus on Strategic Decision Making for Providing Business Solutions
• Emphasis on Emerging Technologies Training
• 30% MCQ-based Examination at Inter and Final Level
• Recognition as Business Accounting Associate (BAA) – An Exit Route
• Country Specific International Curriculum & Training

Papers at FoundationLevel in New Scheme

Papers at Intermediate Level in New Scheme

Papers at Final Level in New Scheme

New Scheme of Education and Training at Glance:

In the CA syllabus 2024 update, several papers across all three levels have been combined, while some have been eliminated. Additionally, the revised structure shortens the CA articleship duration from 3 to 2 years.

The CA course has undergone various alterations, including changes in eligibility criteria, registration validity, syllabus, subjects, paper pattern, passing criteria, exemptions, and provisions related to training leaves and discontinuation. Check the latest ICAI New Scheme Updates in the table below:

ICAI New Scheme of Education & Training 2024

Before delving into the specifics of each course and training, let’s take a look at the duration of the CA Course in the new scheme.

Under the revised CA scheme starting May 2024, it will take students a total of 42 months to achieve the prestigious title of Chartered Accountant.

Update on ICAI CA Course

Offering a Reprieve for Former Course Participants to Begin 3 Years of Practical Training –
(i) If you’ve successfully cleared one of the Intermediate Examination groups in the Old Scheme.
(ii) if you’ve enrolled or provisionally enrolled in Intermediate through the Direct Entry Route under the Old Scheme.
(iii) if you’ve switched from Intermediate (Foundation/CPT Route) to Intermediate (Direct Entry Scheme) to take the November 2023 Examination.

ICAI New Scheme of Education: Old Scheme Vs. New Scheme

ICAI Old Scheme:

1. Registration for Foundation / Appear for 10+2: Students can register for the CA Foundation course after completing Class 10 examinations or its equivalent.
2. Appear for Foundation Examination: After a study period of 4 months, candidates can appear for the CA Foundation examination.
3. Study for Intermediate Examination: Upon clearing the Foundation level, students can begin preparing for the CA Intermediate examination, which typically requires 8 months of study.
4. Articleship: After passing the Intermediate exam, students must undergo a 3-year articleship period, during which they gain practical experience under the guidance of a practicing Chartered Accountant.
5. Study for Final Examination: After completing the articleship, candidates can study for the CA Final examination.
6. Total Period to Become ICAI Member: The entire process to become a member of the Institute of Chartered Accountants of India (ICAI) takes approximately 48 months.

ICAI New Scheme:

1. Registration for Foundation / Appear for 10+2: Similar to the current scheme, students can register for the CA Foundation course after completing Class 10 examinations.
2. Appear for Foundation Examination: After a study period of 4 months, students can take the CA Foundation examination.
3. Study for Intermediate Examination: Following the Foundation level, candidates can start preparing for the CA Intermediate examination, which now requires an 8-month study period.
4. Articleship: One of the significant changes in the new scheme is the reduced articleship period. After clearing the Intermediate exam, students must undergo a 2-year articleship instead of the previous 3 years.
5. Study for Final Examination: Following the articleship period, students can begin preparing for the CA Final examination, which now requires 6 months of study.
6. Total Period to Become ICAI Member: With the revised duration of articleship and the reduced study period for the Final exam, the total time required to become an ICAI member under the new scheme is approximately 42 months.

Optional Business Accounting Certificate

Under the new scheme, an optional Business Accounting Certificate is introduced. Students can pursue this certificate program after clearing the CA Intermediate exam. It involves self-paced learning modules and completing the Professional Training and Integrated Course on Information Technology and Soft Skills.

The ICAI New Scheme aims to streamline and expedite the process of becoming a Chartered Accountant while maintaining the quality and relevance of education and practical training. These changes reflect the institute’s efforts to align with international education standards and better prepare aspiring Chartered Accountants for their professional journey.

ICAI New Scheme Important Dates

This overview provides a concise summary of the critical timelines under the new scheme, including registration, examination periods, articleship duration, and the total period to become an ICAI member. Stay informed and plan your CA journey accordingly with these crucial dates.

CA Foundation as per New Scheme

ICAI is set to introduce significant changes to the CA Foundation course under the ICAI new scheme 2023. Here are the key modifications proposed by ICAI:

CA Foundation Eligibility:

Under the new scheme, the eligibility criteria for CA Foundation will be updated. Students can now appear for the CA Foundation examination after clearing their Class 12 board exams and completing a minimum study period of 4 months. This change aims to ensure that students better understand the foundational concepts before embarking on their CA journey.

CA Foundation Registration Validity:

The CA new course’s validity period for CA Foundation registration will be extended to 4 years. Students are required to complete the Foundation course within this given timeframe. Failure to pass the CA Foundation level within this period will result in the inability to revalidate the registration.

Students who face this situation must opt for the CA direct entry route to continue pursuing the CA course. Students must plan their studies efficiently and aim to clear the CA Foundation exams within the designated timeframe.

CA Foundation New Syllabus:

The CA Foundation syllabus will change the new scheme. ICAI will remove two subjects: “Business Correspondence & Reporting” and “Business & Commercial Knowledge.” The revised CA Foundation syllabus will include the following subjects:

1. Principles and Practice of Accounting
2. Business Laws and Business Correspondence and Reporting
3. Business Mathematics and Logical Reasoning & Statistics
4. Business Economics and Business and Commercial Knowledge

CA Foundation Pass Percentage:

Under the ICAI new scheme 2023, students must score at least 50% marks to pass the CA Foundation exams. Additionally, ICAI will introduce a negative marking of 0.25 for every wrong Multiple Choice Question (MCQ) answer in the new course.

This change aims to ensure that students have a strong grasp of the concepts and can apply them effectively. To excel in the exams, students must practice extensively with CA Foundation mock test papers to refine their preparation and test-taking skills.

CA Intermediate as per New Scheme

ICAI has introduced significant changes to the CA Intermediate course under the ICAI new scheme 2023. Here are the key modifications implemented by ICAI:

CA Intermediate Eligibility:

The eligibility criteria for CA Intermediate remain the same under the new scheme. Students can appear for the exams after completing the CA Foundation course or through the direct entry route.

However, students taking the direct entry route must undergo an 8-month study period before being eligible to appear for the exams. This study period ensures that students have sufficient time to prepare adequately for the CA Intermediate level.

CA Intermediate Registration Validity:

In the CA new course, the registration validity for CA Intermediate has been extended from 4 years to 5 years. This change allows students more time to complete the CA Intermediate course and appear for the exams. Students need to revalidate their registration by paying a prescribed fee only once to maintain it.

This extension offers flexibility and ensures that students can manage their studies effectively within the given timeframe.

CA Intermediate New Syllabus:

One of the significant changes in the CA Intermediate course is the reduced number of papers. The revised CA Intermediate syllabus will now consist of 6 papers, down from the previous 8.

ICAI has merged “Paper 2: Corporate & Other Laws” with the business law component of the foundation level and “Paper 7: Enterprise Information Systems & Strategic Management” with subjects of the final level. The revised CA Intermediate syllabus includes the following:

1. Group I:

• Paper 1: Accounting
• Paper 2: Corporate & Other Laws and Business Laws (from the foundation level)

2. Group II:

• Paper 3: Cost and Management Accounting
• Paper 4: Taxation
• Paper 5: Advanced Accounting
• Paper 6: Auditing & Assurance

CA Intermediate Pass Percentage:

In the CA new scheme 2023, the passing percentage criteria for CA Intermediate will also change. Each paper will consist of 30% Multiple Choice Questions (MCQs) and 70% descriptive questions. Additionally, there will be a negative marking of 25% for each wrong MCQ answer. This shift encourages students to understand the concepts better and improve their preparation and application skills for MCQ-based questions.

CA Intermediate Exemption:

Under the CA new scheme 2023, students who score 60% or more in one attempt for any paper will be granted an exemption for the next 3 attempts for that specific paper. Beyond the three attempts, students will be permanently passed with the exemption. However, to pass the remaining papers individually, they must score at least 50% marks.

Introduction of ICAI Self-Paced Online Modules

Under the ICAI New Scheme, the Institute of Chartered Accountants of India (ICAI) has introduced the ICAI Self-Paced Module for four compulsory subjects. Candidates must successfully clear these modules with a minimum of 50% marks to become eligible for the CA Final Exam.

The ICAI Self-Paced Modules are designed to be entirely online, offering candidates the convenience of studying at their own pace and granting them complete access to the module content.

These modules bring several advantages to the candidates and educators alike. Educators can now benefit from the ease of accessing professional development materials from the comfort of their own homes, eliminating the need to bear the expenses associated with travel and accommodation.

For candidates, the flexibility of revisiting the modules for up to six months after purchase ensures ample time for revision and consolidation of knowledge.

Furthermore, the modules cover a diverse range of hyper-focused topics, which are not commonly included in traditional professional development workshops and events related to the International Baccalaureate (IB). This approach ensures that candidates comprehensively understand the essential subject matter, enhancing their overall preparedness for the CA Final Exam.

CA Final as Per New Scheme

The Institute of Chartered Accountants of India (ICAI) has recently implemented several changes in the CA Final course. These changes encompass eligibility criteria, registration validity, syllabus modifications, pass percentage requirements, and exemption rules. Let’s delve into the details of each aspect:

CA Final Eligibility:

To be eligible for the CA Final course, aspiring students must meet the following criteria:

1. Successfully pass both groups of the CA Intermediate level.
2. Complete the Integrated Course on Information Technology and Soft Skills (ICITSS) training.
3. Obtain a passing score of more than 50% in each set of self-paced modules.
4. Fulfil a minimum of 6 months of study period after completing the practical training.

CA Final Registration Validity:

The CA Final course registration remains valid for 10 years. Students who wish to extend their registration beyond this period can do so by re-validating their registration and paying the prescribed fees.

CA Final New Syllabus:

ICAI has introduced changes to the CA Final syllabus, which will now comprise a total of 6 papers instead of the previous 8 papers. Both groups at the CA Final level will include 3 papers each. The specific changes applied to the CA Final syllabus are as follows:

1. Subjects covered in Papers 4 and 5 will be removed and integrated into the first set of self-paced modules.
2. Paper 6 will now feature compulsory multi-disciplinary case studies and strategic management. Moreover, there will be no further optional topics in Paper 6.
3. Elective subjects, such as risk management, financial services, and capital markets, will be included in SET-C of the self-paced online module.

CA Final Pass Percentage:

The pass percentage requirements for the CA Final level mirror those of the CA Intermediate level. All 6 papers will be structured with 30% Multiple Choice Questions (MCQs) and 70% descriptive questions. Additionally, there will be a negative marking of 25% for each incorrect MCQ response.

CA Final Exemption:

The rules for exemptions at the CA Final level are consistent with those at the CA Intermediate level. To be eligible for permanent exemption in the next 3 attempts, students must score 60% or more in individual papers in a single attempt. A minimum score of 50% is necessary to pass the remaining papers individually.

CA Articleship Under ICAI New Scheme

ICAI proposed significant changes in the CA Articleship training, aiming to offer various benefits to the students pursuing the Chartered Accountancy course. These changes, scheduled to be implemented under the ICAI New Scheme 2023, are as follows:

CA Articleship Duration:

In a notable development, ICAI will be reducing the duration of the CA Articleship from the existing 3 years to 2 years. This reduction is expected to expedite the process of becoming a chartered accountant, allowing students to attain the coveted designation earlier than before.

As a result of this change, students will also have the opportunity to register for the CA Final examination upon completing their practical training and an additional 6 months of study period.

ICAI Practical Training Eligibility:

To be eligible for CA Articleship under the ICAI New Scheme 2023, students must clear both groups of the CA Intermediate level and complete the Integrated Course on Information Technology and Soft Skills (ICITSS) training. By integrating these eligibility criteria, students can now pursue their CA Articleship without worrying about switching their focus to remaining and further attempts in the CA Intermediate examination.

CA Articleship Stipend Criteria:

With the implementation of the new course, ICAI has taken a progressive step by increasing the stipend for articles to 100%. This move aims to provide better financial support to students during their Articleship period, recognizing the significance of their practical training in shaping their professional competence.

CA Articleship Leaves:

Under the ICAI New Scheme, students will no longer be required to appear for any exams during the CA Articleship period. Consequently, ICAI has restricted the number of leaves that students can take during their training. According to the new regulations, students will be allowed 12 leaves per year and 24 leaves in the complete training duration.

Introduction of COP in Articleship:

A new condition exists for aspiring practitioners with reduced practical training. Those who wish to obtain a Certificate of Practice (COP) must now acquire one year of experience in a Chartered Accountancy firm. This measure ensures that future practitioners gain adequate exposure and expertise in the field before obtaining their COP.

These proposed changes in the CA Articleship training are expected to enhance the overall learning experience, provide timely opportunities for students to complete their CA journey, and equip them with the necessary skills and knowledge to excel in their careers as Chartered Accountants.

As students prepare to embark on this new scheme, they should familiarize themselves with the updated guidelines and regulations to maximize its benefits.

Exit Route Under ICAI New Scheme

In the revamped scheme of education and training, ICAI has introduced significant changes to the exit route for students pursuing the CA course. Previously, many students faced challenges in clearing the CA final exams, leading to their exit from the course. However, the new scheme aims to address this issue by offering an alternative certification called the Business Accounting Associate.

The Business Accounting Associate certification provides students with a valuable qualification even if they do not proceed to become Chartered Accountants. To attain this certification, students must fulfill the following criteria:

1. Pass both groups of the CA Intermediate level: This requirement ensures that students have demonstrated a comprehensive understanding of the fundamental concepts and principles in accounting, taxation, and other related subjects.
2. Complete 2 years of CA Articleship: The practical training experience gained during the articleship period allows students to apply their theoretical knowledge in real-world scenarios, honing their professional skills.
3. Complete AICTSS Training: The Advanced Integrated Course on Information Technology and Soft Skills (AICTSS) training equips students with essential IT and soft skills necessary for success in the modern business environment.
4. Qualified for all sets of self-paced online modules: These self-paced online modules cover various crucial topics, providing students with in-depth knowledge and practical insights relevant to the accounting profession.

Boucher

FAQs

Q 1.1: When has the New Scheme of Education and Training been launched?

Ans: The New Scheme of Education and Training has been launched on CA Day, i.e. 1st July, 2023.

Q 1.3: What is the structure of Chartered Accountancy Course under the New Scheme of Education and Training?

Ans: The New Scheme of Education and Training has three levels – Foundation, Intermediate and Final including Self-Paced Online Modules. SECTION 1: GENERAL FAQs

Q 1.4: How to register under the New Scheme of Education and Training?

Ans: Students need to register for Foundation/ Intermediate/ Final level under the New Scheme of Education and Training through Self Service Portal (SSP) at the link.

Q 1.5: Where can we write for any further queries? Ans: You may write to the Board of Studies (Academic) at bos.nset@icai.in for further queries.

Foundations Course

Q 2.1: When can I register for Foundation Course?

Ans: Candidates may register in Foundation Course after passing Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 2.2: What is the fee for Foundation Course? Ans: Fee for Foundation Course is Rs.9,000/- which is to be paid at the time of registration. This fee is inclusive of Prospectus for CA Course and Study Material of Foundation Course.

Q 2.3: Where can I get the Prospectus for CA Course and Study Material of Foundation Course? Ans: After successful registration in the Foundation Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student.

Q 2.4: When will I get the Study Material of Foundation Course? Ans: Study Material of Foundation Course will be available on the BoS Knowledge Portal at the link after the launch of the https://www.icai.org/post/new-scheme-of-education-and-training New Scheme of Education and Training on 1st July, 2023. Hard copy of the Study Material will be available for ordering on Centralized Distribution System (CDS) Portal upon confirmation of registration in Foundation Course.

Q 2.5: I have already registered in Foundation Course after passing Class 10th Examination and presently I am in Class 11. When I will be eligible for Foundation Examination and under which Scheme of Education and Training. Ans: Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2025 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 2.6: I have already registered in Foundation Course and presently I am in Class 12. When I will be eligible for Foundation Examination and under which Scheme of Education and Training. Ans: Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2024 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 2.7: When I can register in Foundation Course to become eligible for June/ December Foundation Examination. Ans: You should be registered in Foundation Course with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held. For example, you should be registered in Foundation Course on or before 1st February, 2024 for June, 2024 Foundation Examination and on or before 1st August, 2024 for December, 2024 Foundation Examination. Before appearing in the Foundation Examination, you should also have appeared in Class 12th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 2.8. Do I need to fill any separate form for appearing in Foundation Examination? Ans: After registration in Foundation Course, you need to submit the online examination form for appearing in Foundation Examination. The examination form for June and December examination usually opens in the month of February and August respectively. ICAI makes an announcement when the examination forms open for the forthcoming examination. You are advised to visit the Institute’s website for announcements. SECTION 2: FOUNDATION COURSE 03 www.icai.org

Q 2.9: What are the papers in Foundation Course? Ans: There are 4 papers in Foundation Course which are as under: Paper 1: Accounting (100 marks) Paper 2: Business Laws (100 marks) Paper 3: Quantitative Aptitude (100 marks) • Business Mathematics • Logical Reasoning • Statistics Paper 4: Business Economics (100 marks)

Q 2.10: What will be the syllabus for Foundation June, 2024 Examination? Ans: Foundation June, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link https://www.icai.org/post/new-scheme-of-education-and-training

Q 2.11: When are Foundation Examinations held? Ans: Foundation Examinations are held twice a year in the months of June and December.

Q 2.12: What is the examination pattern in Foundation Examination? Ans: Paper 1 & 2 are subjective type and Paper 3 & 4 are objective type.

Q 2.13: Is there negative marking in Foundation Examination? Ans: Yes, there is negative marking of 0.25 mark for every wrong answer in objective type papers.

Q 2.14: What is the passing criteria for Foundation Examination? Ans: A student is declared to have passed the Foundation examination, if he/she obtains at one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in the aggregate of all the papers.

Q 2.15: What is the validity period of student’s registration in the Foundation Course? Ans: The validity period for registration in the Foundation Course is for 4 years from the first eligible attempt in the Foundation Examination.

Q 2.16: Whether revalidation of registration is permitted at the Foundation level? Ans: Revalidation is not permitted at the Foundation level.

Intermediate

Q 3.1: How can I register for Intermediate Course? Ans: A candidate can register in Intermediate Course through either of the following two routes: (i) Foundation Route (ii) Direct Entry Route Q 3.2: What is the eligibility criteria for registering in Intermediate Course through Foundation Route? Ans: Candidates after passing Foundation Examination and Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto, are eligible for registration to Intermediate Course through Foundation Route.

Q 3.3: What is the eligibility criteria for registering in Intermediate Course through Direct Entry Route? Ans: Graduates/ Post-Graduates in Commerce (with minimum 55% marks) or Graduates/ Post-Graduates other than in Commerce (with minimum 60% marks) or Intermediate level passed candidates of Institute of Company Secretaries of India/ Institute of Cost Accountants of India are eligible for registration to Intermediate Course through Direct Entry Route.

Q 3.4: I am pursuing the last year of Graduation. How can I join CA Course? Ans: You can register provisionally for the CA Intermediate Course through Direct Entry Route. After completing the Graduation with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration, you would become eligible to appear in Intermediate Examination.

Q 3.5: I have registered provisionally for Intermediate Course through Direct Entry Route and my Graduation result is awaited. When will I become eligible for Intermediate Examination? Ans: You will become eligible for Intermediate Examination after completing the Graduation Course with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration. 05 SECTION 3: INTERMEDIATE COURSE www.icai.org

Q 3.6: I have secured requisite marks in Graduation and I am pursuing Post-Graduation. How can I join CA Course? Ans: You can register for the Intermediate Course through Direct Entry Route based on the marks secured in Graduation and appear in the Intermediate Examination after completion of eight months of study period from the date of registration.

Q 3.7: I have not secured requisite marks in Graduation and I am pursuing Post-Graduation. How can I join CA Course? Ans: You can register provisionally for the Intermediate Course through Direct Entry Route during the last year of Post-Graduation. After completing the Post-Graduation with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration, you would become eligible to appear in Intermediate Examination.

Q 3.8: I have registered provisionally for Intermediate Course through Direct Entry Route. When will my registration get confirmed? Ans: If you have registered in the last year of Graduation, your Intermediate Course provisional registration will be confirmed after submission of marksheet of Graduation examination result with requisite marks. The marksheet should be submitted within six months of declaration of result of Graduation examination. Alternatively, if you have registered in the last year of Post-Graduation, your provisional registration will be confirmed after submission of marksheet of Post-Graduation examination result with requisite marks. The marksheet should be submitted within six months of declaration of result of Post-Graduation examination.

Q 3.9: When are the Intermediate Examinations held and what is the cut-off date for registration in Intermediate Course for appearing in Intermediate Examination? Ans: The Intermediate Examinations are held twice a year in the months of May and November Candidate should be registered in Intermediate Course for a minimum period of eight months on or before the 1st day of the month in which the examination is held. For example, a candidate should be registered in Intermediate Course on or before 1st September, 2023 for appearing in Intermediate May, 2024 Examination and on or before 1st March, 2024 for appearing in Intermediate November, 2024 Examination. 06 SECTION 3: INTERMEDIATE COURSE www.icai.org

Q 3.10: What is the fee for Intermediate Course? Ans: Fee for registration in both the groups of Intermediate Course is Rs.18,000/-.

Q 3.11: When will the students registered through Direct Entry Route get Prospectus for CA Course? Ans: After successful registration in the Intermediate Course through Direct Entry Route, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student.

Q 3.12: I wish to appear in one of the groups of Intermediate Examination at a time. Can I register for one group of Intermediate Course? Ans: You can appear in one of the groups of Intermediate Examination at a time but you need to register for both the groups of Intermediate Course.

Q 3.13: What are the papers in Intermediate Course? Ans: There are 6 papers in Intermediate Course which are as under: Group I P aper 1: Advanced Accounting (100 marks) P aper 3: Taxation aper 2: Corporate and Other Laws (100 marks) P •Section A – Income-tax Law (50 marks) •Section B – Goods and Services Tax (GST) (50 marks) Group II P aper 4: Cost and Management Accounting (100 marks) P aper 5: Auditing and Ethics (100 marks) P aper 6: Financial Management and Strategic Management •Section A – Financial Management (50 marks) •Section B – Strategic Management (50 marks) SECTION 3: INTERMEDIATE COURSE

Q 3.14: How to get the Study Material of Intermediate Course? Ans: After successful registration in the Intermediate Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through CDS Portal.

Q 3.15: What will be the syllabus for Intermediate May, 2024 Examination? Ans: Intermediate May, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link https://www.icai.org/post/new-scheme-of-education-and-training 07 www.icai.orgQ

3.16: What is the examination pattern in Intermediate Examination? Ans: There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Intermediate Examination.

Q 3.17: Is there negative marking in MCQ based questions in Intermediate Examination? Ans: There is no negative marking in MCQ based questions in Intermediate Examination.

Q 3.18: What is the passing criteria in Intermediate Examination? Ans: A student is declared to have passed in both the groups of Intermediate Examination simultaneously, if he/she – (a) secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups, or (b) secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken together. Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group.He/she can pass both the groups individually in different sittings.

Q 3.19: What is the criteria of securing exemption in paper(s) in Intermediate Examination and subsequently passing the Group? Ans: If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group. If the student is not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group.

Q 3.20: What is the validity period of student’s registration in the Intermediate Course? Ans: The validity period for registration in the Intermediate Course is for 5 years from the date of registration in the Intermediate Course which can be revalidated for 5 years with revalidation fee of Rs.400/-. Revalidation is permitted only once for Intermediate Course.

Final course

Q 4.1: When can I register for the Final Course? Ans: Student can register for the Final Course any time after passing both the groups of Intermediate Examination. At the time of registration for Final Course, students would also be registering for Self-Paced Online Modules.

Q 4.2: What is the fee for Final Course? Ans: Fee for registration in both the groups of Final Course is Rs.22,000/-.

Q 4.3: What are the papers in Final Course? Ans: There are 6 papers in Final Course which are as under: Group I P aper 1: Financial Reporting (100 marks) Paper 2: Advanced Financial Management (100 marks) Paper 3: Advanced Auditing, Assurance and Professional Ethics (100 marks) Group II Paper 4: Direct Tax Laws & International Taxation (100 marks) Paper 5: Indirect Tax Laws (100 marks) Paper 6: Integrated Business Solutions (100 marks) (Multidisciplinary Case Study with Strategic Management)

Q 4.4: How to get the Study Material of Final Course? Ans: After successful registration in the Final Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through CDS Portal. The student may order the Study Material of Final Course as well as that of Self-Paced Online Modules SET A and SET B through CDS Portal.

Q 4.5: When can I appear for the Final Examination? Ans: You can appear for the Final Examination if you have fulfilled the below eligibility criteria: • Registered for the Final Course, SECTION 4: FINAL COURSE • Have completed Practical Training six months before the first day of the month in which the examination is to be held, • Successfully completed Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS), and • Qualified all the 4 Self-paced Online Modules. 10 www.icai.org

Q 4.6: What will be the syllabus for Final May, 2024 Examination? Ans: Final May, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link https://www.icai.org/post/new-scheme-of-education-and-training

Q 4.7: What is the examination pattern in Final Examination? Ans: There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Final Examination.

Q 4.8: What will be the manner of assessment in Final Examination? Ans: Assessment for Paper-6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) which is entirely case study based, would be open book examination. Assessment for all the other five papers would be through closed book examination.

Q 4.9: Is there negative marking in MCQ based questions in Final Examination? Ans: There is no negative marking in MCQ based questions in Final Examination.

Q 4.10: What is the passing criteria in Final Examination? Ans: A student is declared to have passed in both the groups of Final Examination simultaneously, if he/she – (a) secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups, or (b) secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken together. Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group. He/she can pass both the groups individually in different sittings.

Q 4.11: What is the criteria of securing exemption in paper(s) in Final Examination and subsequently passing the Group? Ans: If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group. SECTION 4: FINAL COURSE www.icai.org 11If the student was not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group.

Q 4.12: What is the validity period of student’s registration in the Final Course? Ans: The validity period of registration in the Final Course is for 10 years from the date of registration in the Final Course which can be revalidated every 10 years with revalidation fee of Rs.500/-.

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