The ICAI has introduced a new scheme for CA courses to improve training and education for aspiring CA candidates. The changes made under the new scheme made the CA syllabus more effective, efficient, and relevant and incorporated best practices from accounting bodies to help minimize the burden on aspirants. In this blog, we have covered the alterations done in the current CA syllabus at all levels, of course.
Time taken to complete the CA course under the new scheme-
According to the new scheme by the ICAI, the minimum time to complete a CA course is now 42 months from 48 months. Check out the table below to know more details-
| Course Level | Current Scheme | New Scheme |
| CA Foundation Registration | Beginning | Beginning |
| Foundation Study Period | 04 onths | 04 months |
| Intermediate Study Period | 08 months | 08 months |
| Articleship Period | 36 months | 24 months |
| Final Study Period | — | 06 months |
| Total Duration | 48 months | 42 months |
CA Foundation Syllabus Under New Scheme-
Eligibility Criteria-
- Under the CA new scheme, candidates can register for the CA foundation after class 10th exams, valid for 04 years. However, after four years, students cannot further revalidate their registration.
- There are no cut-off dates for CA foundation registration now, meaning there could be three attempts in a year. This is good news for CA aspiring candidates.
CA Syllabus under the new scheme for Foundation level-
There were six subjects in the old CA syllabus for the foundation level. But, the topics from two subjects were merged with one and removed from the course. Those subjects were part of papers 2, Business Corresponding Reporting, and 4, Business Commercial Knowledge.
Passing Criteria-
With the CA syllabus, the ICAI has also made some changes in passing criteria under the new scheme. Students need to secure at least 50% aggregate marks to clear CA foundation exams, and there will also be 0.25 negative marking on each wrong answer.
Furthermore, recently CA Foundation Exam was completed, and now it’s time for the Result. As per past experience, CA Foundation results for June 2023 will release on August 8 tentatively. You can check all detailed information released to CA Fouation result on the mentioned page link. Also, We regularly update the latest information and announcement related to CA Foundation Results.
CA Intermediate Syllabus Under New Scheme-
Eligibility Criteria-
The eligibility criteria for CA intermediate level are the same as before, but to appear in the exam, an 08 months study period is mandatory for direct entry students. The CA intermediate registration valid is now 05 years and can be revalidated by paying prescribed fees.
| Aspect | Prospect | Current |
| Admission Eligibility | Foundation exam + Class 12th exams Direct Entry Route | Foundation exam + Class 12th exams Direct Entry Route |
| Admission Registration Validity | 05 years | 04 years |
| Exam Eligibility | 08 months study period for foundation and direct entry | Foundation- 08 months study period Direct entry- after completing 09 months of training |
CA Syllabus for Intermediate under New Scheme-
- In the current scheme, there are 08 papers in the CA syllabus intermediate level. Yet, it is now 06 under the new scheme. Details are below-
- Papers 01 and 05 are merged into one subject, Advanced Accounting.
- Paper 02, Corporate Law, will cover all topics of the Companies Act under the new scheme.
- Paper 07’s part Enterprise Information Systems and 08’s part Economics for Finance no longer part of the syllabus. The remaining part of papers 07 and 08 are merged as paper 06, Financial and Strategic Management.
In the old CA syllabus for CA intermediate, there were 04 papers in each group, but under the new scheme, there are 03 papers.
CA Final Syllabus Under New Scheme-
CA Syllabus for Final level under New Scheme-
- There are some major changes in the CA final syllabus as per the new scheme. There are 03 subjects in each group, a total of 06 subjects in the final syllabus.
- Paper 4 and paper 5 subjects are removed from the syllabus and are added as self-paced modules.
- Paper 6, which is an elective subject in the current scheme, is now a mandatory multi-disciplinary case study along with strategic management.
- The elective subject of paper 6, like capital market and risk management, is under the self-paced module, part C and part D.
Both CA Inter and Final papers will now have 30% MCQ-based questions, and there is also a negative marking of 0.25 for every wrong answer of MCQ. Under the new scheme obtaining an exemption in any paper will grant you a permanent exemption for that particular paper in both CA Inter and CA Final. Yet, it is essential to pass the remaining papers with a minimum of 50% marks in order to secure your CA intermediate result.
Conclusion
For other important details of the CA New scheme, you can refer the ICAI’s official website and find more details about the same. Students registering under the new scheme must keep a note of the recent changes made by ICAI and plan their study preparation accordingly. VSI Jaipur, the leading CA Coaching in India, is offering CA classes under the new CA scheme. For more details, visit the official website or contact the team.
The ICAI has introduced a new scheme for CA courses to improve training and education for aspiring CA candidates. The changes made under the new scheme made the CA syllabus more effective, efficient, and relevant and incorporated best practices from accounting bodies to help minimize the burden on aspirants. In this blog, we have covered the alterations done in the current CA syllabus at all levels, of course.
