Subjects Reduced in CA Course

These are the proposed changes.

Jun 3, 2022

109

Changes in CA Foundation

4 Subjects - 4 paper

Accounting
Business law
QA
- BM
- LR
- Statistics
Business Economics

Number of Attempts and first exam eligibility

To be increased to 3. (Systems will be developed soon)
Appear in Foundation Examination after appearing in class 12 examination and completing a minimum study period of 4 months before the 1st day of the month in which examination is held.

Registration Validity

4 years from the date of registration

Pass percentage

50% in each paper (with negative marking – 25% for each wrong answer to MCQs in papers 3 and 4)

Changes in CA Intermediate

Subjects now 6
Other laws removed from paper no. 2. It will be called corporate law.
Group 1
- 3 subjects
  - Advance Accounting
  - Corporate laws
  - Cost and Management Accounting
Group 2
- 3 Subjects
  - Tax
  - Auditing and Code of Ethics
  - Paper 6
    - 6A FM
    - 6B SM
Partially objective and partially subjective [30% case scenario/study based MCQs and 70% descriptive questions] in all papers.
No Open book exams.
Computer-based / Physical examination as decided by the council from time to time.
The Council may adopt the criteria of negative marking in a paper or papers having objective type questions in such manner as may be specified by it from time to time.
The number of exams can be increased to 3 depending upon resources.
40% marks in individual paper and 50% marks in aggregate to pass the Group.
25% negative marking (for wrong answers in MCQ based questions)
If a student secures more than 60% marks in paper/s, exemption of paper for immediate 3 attempts and the exempted marks to be considered for aggregating.

Thereafter, treat the exempted paper/s as permanently passed and the student has to score 50% to pass in the remaining paper/s. However, students will have the option to surrender and re-appear in the exempted paper.

Changes in CA Final

Paper-4: Corporate and Economic Laws - Shifted to Self-Paced E-learning Mandatory Module
Paper-5: Strategic Cost Management and Performance Evaluation - Shifted to Self-Paced E-learning Mandatory Module.
Ethics and Information Technology to be integrated with the curriculum of all subjects at the Final Level.
Paper-6: Integrated Business Solutions - (Multi-disciplinary case study with Strategic Management)
Partially objective and partially subjective [30% case scenario/study based MCQs and 70% descriptive questions] in all papers.
Open book/Restricted open book pattern of assessment
Computer-based/physical examination, as decided by the Council from time to time.
The Council may adopt the criteria of negative marking in a paper or papers having objective type questions in such manner as may be specified by it from time to time.
Eligibility to appear in the Final examination
- A candidate who has passed both groups of the intermediate level examination,
- Completed the prescribed second level soft skills and information technology courses,
- Qualified the four self-paced modules [four SETS]
- Six months after the completion of practical training before the 1st day of the month in which the examination is held.
Number of Exams to be held - 2 [To be increased to 3 at a later point of time after systems are established]
40% marks in individual paper and 50% marks in aggregate to pass the Group.
25% negative marking (for wrong answers in MCQ based questions)
If a student secures more than 60% marks in paper/s, exemption of paper for immediate 3 attempts and the exempted marks to be considered for aggregating.
Thereafter, treat the exempted paper/s as permanently passed and students have to score 50% to pass the remaining paper/s. However, students will have the option to surrender and re-appear in the exempted paper.

Self-paced e-Learning Modules

It would comprise of subjects which students can attempt and qualify at their own pace after qualifying for intermediate level examination.
A student has to qualify for these online modules (SETS) for taking the Final examination.
The minimum mark for qualifying in each module is 50%.
The marks obtained will not be aggregated with the marks obtained in the core papers for the purpose of assessment.

SETS in Self Paced e-learning modules

SET A - Economic law - Compulsory
SET B - Strategic Cost Management and Performance Evaluation - Compulsory
SET C- Specialisation module (one to choose)

Risk management
Integrated and sustainability reporting
Government Accounting and Public finance
Introduction to Digital Ecosystem and Transformation
International Taxation
Arbitration, Mediation and Conciliation
Forensic Audit
Financial Services and Capital Markets
Valuation
Forex and Treasury Management

SET D - Multi-disciplinary Module [One to be chosen out of available options]
- Constitution of India
- Psychology (including self-awareness)
- Entrepreneurship (to include MSMEs & Start ups )
- Communication (to include advocacy)
- Philosophy