1. Chartered Accountants syllabus: From CA entry test, to new subjects, all you want to know about major changes made after 13 long years by ICAI

Chartered Accountants syllabus: From CA entry test, to new subjects, all you want to know about major changes made after 13 long years by ICAI

CA syllabus: The chartered accountants' apex body ICAI has introduced the updated curriculum for students with major revisions.

By: | Updated: July 3, 2017 8:17 PM
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Chartered Accountants syllabus change: This has happened after over a decade, 13 years to be precise. The chartered accountants’ apex body ICAI has introduced the updated syllabus for students with major revisions. Prime Minister Narendra Modi on Saturday launched the CA Institute’s revised scheme of education and training for CA students. The new scheme launched by PM Modi on CA Institute’s Foundation Day has been prepared keeping in mind the evolving role of chartered accountants in the new global economic landscape. The Institute of Chartered Accountants of India (ICAI) has prepared the revised syllabus after extensive consultations and discussions over the past few years. While ICAI keeps introducing minor changes, this is the first time in more than 13 years that major revisions have been done in the syllabus.

Here are key changes made to the syllabus of CA course:-

– The revised scheme of education and training has been formulated taking into account changes in the global business scenario, according to the institute.

– The revised course intends to promote innovation and bring about out-of-the-box thinking in the curriculum and education system of chartered accountancy course

– Now, the entry process would be slightly different. Earlier, the paper had objective questions for 200 marks of four subjects. Now, it is of 400 marks, out of which 200 mark questions will be subjective and the rest objective.

– New subjects have also been introduced at the foundation and the intermediate levels.

– After decades, the institute would be introducing electives for students appearing in the final examination.

– According to ICAI President Nilesh Shivji Vikamsey, “A student can choose from one out of six papers to specialise in… Out of the eight papers, seven are fixed and one subject the student can choose.”

There are thousands of students pursuing chartered accountancy programme.

After launching the new CA course. Prime Minister Narendra Modi called for creating four big Indian accounting firms that are counted among the world’s Big-8 even as he cautioned CAs against misuse of their all-powerful signature. He said the signature of a chartered accountant is more powerful than even that of a prime minister and the government also believes the accounts signed by them.

Referring to the ‘Big 4’ – a term used for the world’s four biggest audit firms — the prime minister said there are so many accounting firms in India but none of them has managed to find a place among the top global players. “People talk of the Big 4 accounting firms. Sadly, there is no Indian firm there. By 2022, let us have a Big 8, where 4 firms are Indian,” Modi said while addressing the CAs on the Foundation Day of the ICAI (Institute of Chartered Accountants in India).

The top global accountancy firms include PwC, Deloitte, EY and KPMG.

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    Boray Sudhindra
    Jul 6, 2017 at 11:32 am
    Changes are "natural ways" in any lifespan. But, there must be "Bridge courses" of shorter time for "up dating" the huge already working CAs so they become "in-tune" the New CAs coming out. PM advice that we need to become other 4 Recognised foreign Accountancy firms.
    Reply
    1. R
      Ramesh Malhotra
      Jul 3, 2017 at 9:17 pm
      In the Addreasing prime Minister ModiJi said that signature of chartered accountant is more powerful than that of a PM.and the government also believe the account signed by them. In the same way the asstt. ACCOUNT OFFICER o/of the Accountant general punjab chandigarh has falsely attested the photocopies of cheques on 8th October 2008 and forwarded to SSP ferozepur in a case FIR Number 269/2008at p.s. SadarFzr which was registered by then SDMFZR now OSD TO C.M punjab no one dare to report that these documents are falsely attested.All the Administration including Dc Fzr SSP Fzr and District Attorneys Ferozepur are trying to prove it as original whereas the photocopies of the cheque are again sent to SSP Fzr vide letter Dated.December 2015 by the Accountant general punjab chandigarh in appeal case filed under the RTI ACT. It seems that ModiJi rightly said the signature of Accountant is very powerful and the.govt. Also believes the account. (WHETHER THESE ARE FALSELY ATTESTED )
      Reply
      1. S
        SPG
        Jul 3, 2017 at 10:44 am
        Without shedding their 'crab mentality' no Indian CA firm can ever reach even the Top 100, let alone Top 4.
        Reply
        1. R
          Ramachandra D Joshi
          Jul 2, 2017 at 11:18 pm
          Great appreciations by Head of the State on CA's. To embark towards Nation building.
          Reply
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            CA. Yashwant Singh Kushwaha
            Jul 2, 2017 at 5:40 pm
            Happy to be Inspired by the PM
            Reply
            1. M
              Manoj Bhat
              Jul 2, 2017 at 11:20 pm
              Thank you so much for your detailed information sir
              Reply
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                Aadi
                Jul 3, 2017 at 12:31 pm
                Sir bcoz of this is c.a became hard ?? N CA scope is increase or decrease
                Reply
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