The Institute of Chartered Accountants of India (ICAI) has released a new syllabus for the CA Foundation, Intermediate, and Final examinations, which will be effective from July 1, 2023. The new syllabus is designed to be more comprehensive and relevant to the current business environment. It also includes a greater focus on ethics and professional skills.
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The CA Foundation syllabus has been revised to include new topics such as business communication, data analysis, and financial markets. The Intermediate syllabus has been updated to include new topics such as corporate governance, international accounting standards, and taxation. The Final syllabus has been revised to include new topics such as auditing, corporate finance, and strategic management.
New CA Foundation, Intermediate, Final syllabus 2024: What You Need to Know
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- The Institute of Chartered Accountancy of India (ICAI) will introduce a new CA syllabus for CA Foundation, Intermediate, and Final exams.
- The syllabus will incorporate subjects related to technology, psychology, philosophy, and the Constitution.
- Aligned with the National Education Policy (NEP) 2020, the new syllabus will be launched on July 1 by the President of India.
- The syllabus will be effective from June of the following year.
- The CA Foundation examination based on the new syllabus will be held in June 2024.
- The CA Intermediate examination is scheduled for May of the next year.
- As per sources, the central government has approved the new curriculum.
- The new syllabus aims to train global professionals and shift the focus from rote learning to practical application-based learning.
- The ICAI has developed the new curriculum for all levels of chartered accountancy training.
- Currently, there are over 7.5 lakh CA students registered with the ICAI.
- The ICAI has introduced self-paced online modules to accommodate working students, allowing them to learn and qualify at their own pace using ICAI study material.
- The Board of Studies (BOS) ICAI has a “knowledge portal” linked to the official website, icai.org, providing additional resources.
- Technology has become a significant focus in the CA curriculum, as stated by ICAI chief, Aniket Talati.
- Disruptive technologies such as artificial intelligence, blockchain, and data science are included in the new syllabus.
- The articleship period, a practical training program, will be reduced from three years to two years in the new CA curriculum.
- The proposed plan includes only 12 days of leave per year for CA aspirants, compared to the current provision of up to 156 days of leave during the three-year articleship period (with a maximum of 180 days).
- The ICAI intends to extend commerce and CA-related courses to be introduced in Class 11 and 12.
Analytical table on the new syllabus for the CA Foundation, Intermediate, and Final examinations
| Level | Subject | Old Syllabus | New Syllabus | Key Changes |
|---|---|---|---|---|
| Foundation | Accounting | Financial Accounting, Cost Accounting, Business Laws | Financial Accounting, Cost Accounting, Business Laws, Data Analysis, Business Communication | Added data analysis and business communication topics. |
| Foundation | Economics | Principles of Economics | Principles of Economics, Business Environment | Added business environment topic. |
| Foundation | Business Mathematics | Business Mathematics | Business Mathematics, Quantitative Aptitude | Added quantitative aptitude topic. |
| Intermediate | Accounting | Financial Accounting, Advanced Accounting, Cost Accounting, Auditing, Corporate Laws | Financial Accounting, Advanced Accounting, Cost Accounting, Auditing, Corporate Laws, Taxation, Data Analysis | Added taxation and data analysis topics |
| Intermediate | Economics | Macroeconomics, Microeconomics | Macroeconomics, Microeconomics, Business Environment | Added business environment topic |
| Final | Accounting | Financial Accounting, Advanced Accounting, Cost Accounting, Auditing, Corporate Laws, Taxation | Financial Accounting, Advanced Accounting, Cost Accounting, Auditing, Corporate Laws, Taxation, Strategic Management, Data Analytics | Added strategic management and data analytics topics |
| Final | Economics | Macroeconomics, Microeconomics, International Economics | Macroeconomics, Microeconomics, International Economics, Business Environment | Added business environment topic. |
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As you can see, the new syllabus includes a number of new topics and areas of study, such as data analysis, business communication, taxation, strategic management, and data analytics. These topics are designed to ensure that students are equipped with the knowledge and skills they need to succeed in the current business environment.
- The new syllabus also places a greater emphasis on practical application. This means that students will be required to demonstrate their understanding of the concepts they learn by applying them to real-world scenarios.
- Finally, the new syllabus will be assessed more rigorously. This means that students will need to have a deeper understanding of the concepts they learn in order to pass the examinations.
- Overall, the new syllabus is a significant change for the CA course. It is designed to make the course more challenging, but it will also provide students with the skills and knowledge they need to succeed in the 21st century business world.
CA Foundation, Intermediate, Final syllabus
In addition to the revised syllabus, ICAI has also launched a new online learning platform called VitiyaGyan. VitiyaGyan provides students with access to a variety of resources, including study material, mock tests, and video lectures.
The new syllabus and online learning platform are part of ICAI’s efforts to make the CA course more accessible and relevant to the needs of students and employers. The new syllabus is expected to make the CA course more challenging, but it will also provide students with the skills and knowledge they need to succeed in the 21st century business world.
Here are some of the key changes in the new syllabus:
- Greater focus on ethics and professional skills. The new syllabus includes a greater focus on ethics and professional skills. This is in line with ICAI’s commitment to ensuring that its members are held to the highest ethical standards.
- New topics and areas of study. The new syllabus includes new topics and areas of study, such as business communication, data analysis, and financial markets. This will ensure that students are equipped with the knowledge and skills they need to succeed in the current business environment.
- Increased emphasis on practical application. The new syllabus places a greater emphasis on practical application. This means that students will be required to demonstrate their understanding of the concepts they learn by applying them to real-world scenarios.
- More rigorous assessment. The new syllabus will be assessed more rigorously. This means that students will need to have a deeper understanding of the concepts they learn in order to pass the examinations.
The new syllabus is a significant change for the CA course. It is designed to make the course more challenging, but it will also provide students with the skills and knowledge they need to succeed in the 21st century business world.
Here are some tips for students who are preparing for the new CA syllabus:
- Start early. The new syllabus is more challenging than the old syllabus, so it is important to start preparing early.
- Get organized. Create a study plan and stick to it.
- Use the resources available to you. ICAI has a variety of resources available to students, including study material, mock tests, and video lectures.
- Get help from a tutor or study group. If you are struggling with a particular topic, get help from a tutor or study group.
- Stay motivated. The new syllabus is challenging, but it is also rewarding. Stay motivated and you will be successful.