12 Jul

ICAI CA New Scheme 2024 – Latest Updates & New Syllabus

July 12, 2024
By amitbachhawat_user
0 comments

Introduction

The Institute of Chartered Accountants of India (ICAI) has introduced a new scheme for the Chartered Accountancy (CA) course, which took effect on July 1, 2023. This new scheme brings significant changes to the curriculum, training duration, and overall structure of the CA course, aimed at making it more aligned with international standards and the National Education Policy 2020 (NEP). The first exams under this new scheme will be conducted in May 2024. This comprehensive guide provides all the latest updates and details about the new syllabus.

ICAI CA New Scheme of Education and Training 2024

The new scheme of education and training introduced by ICAI is designed to streamline the process of becoming a Chartered Accountant. It reduces the duration of articleship training and updates the syllabus to better equip students with the necessary skills and knowledge for the profession.

Key Changes in the New Scheme:

Reduction in the number of subjects and papers at each level.
Reduction in the articleship training period from 3 years to 2 years.
Introduction of self-paced modules.
Changes in passing criteria and exam patterns.

Latest Update on ICAI CA New Course

The new scheme officially came into effect on July 1, 2023, as per the announcement in the Indian Gazette on June 22, 2023. The first examinations under this scheme will be held in May 2024. This update requires current and prospective CA students to plan their studies according to the new structure and guidelines provided by ICAI.

CA Foundation New Course 2024

The CA Foundation course under the new scheme has been streamlined to make it more manageable and focused.

Changes in CA Foundation Course:

Number of subjects reduced from 6 to 4.
Registration after 10th grade.
Registration validity for four years without revalidation.

Know More: https://amitbachhawat.com/product-category/ca-courses/ca-foundation-pendrive-classes/

CA Foundation New Syllabus 2024

In the new syllabus for CA Foundation, two subjects have been removed, simplifying the course structure.

New Syllabus:

Paper 1: Accounting
Paper 2: Business Laws
Paper 3: Quantitative Aptitude (Business Mathematics, Logical Reasoning, Statistics)
Paper 4: Business Economics

CA Foundation Passing Criteria

The passing criteria have been updated to ensure students have a thorough understanding of the subjects.

New Passing Criteria:

Minimum 50% marks to pass.
Negative marking of 0.25 for each wrong MCQ answer

CA Intermediate Course under New Scheme 2024

The CA Intermediate course has also undergone significant changes, reducing the number of papers and updating the registration validity.

Changes in CA Intermediate Course:

Papers reduced from 8 to 6.
Registration validity increased from 4 years to 5 years (with one revalidation allowed).

CA Intermediate New Syllabus 2024

The new syllabus for CA Intermediate merges certain papers and removes others to focus on core areas.

New Syllabus:

Current Paper	New Paper
Paper 1: Accounting	Paper 1: Advanced Accounting
Paper 5: Advanced Accounting
Paper 2: Corporate and Other Laws	Paper 2: Corporate Laws
Paper 3: Cost and Management Accounting	Paper 3: Cost and Management Accounting
Paper 4: Taxation	Paper 4: Taxation
Paper 6: Auditing and Assurance	Paper 5: Auditing and Code of Ethics
Paper 7: Enterprise Information System & Strategic Management	Paper 6A: Financial Management (50 Marks)
Paper 8: Financial Management & Economics for Finance	Paper 6B: Strategic Management (50 Marks)

CA Intermediate Passing Criteria

The passing criteria for CA Intermediate have been updated to include more objective questions and negative marking.

New Passing Criteria:

30% MCQ-based questions in all 6 papers.
Negative marking of 0.25 for each wrong answer.

CA Intermediate Exam Pattern under New Scheme

The new exam pattern for CA Intermediate focuses on a mix of subjective and objective questions to test students’ comprehensive understanding.

New Exam Pattern:

Paper	Subjective Marks	Objective Marks
Paper 1: Advanced Accounting	70	30
Paper 2: Corporate Laws	70	30
Paper 3: Cost and Management Accounting	70	30
Paper 4: Taxation	70	30
Paper 5: Auditing and Code of Ethics	70	30
Paper 6A: Financial Management	35	15
Paper 6B: Strategic Management	35	15

CA Articleship Training

The articleship training period has been reduced, and new eligibility criteria have been set to ensure students focus on practical training.

Duration: Reduced from 3 years to 2 years.

CA Articleship Eligibility

New Eligibility Criteria:

Clear both groups of CA Intermediate.
Completion of ICITSS training.

CA Final Course under New Scheme of Education and Training

The CA Final course now includes fewer papers and incorporates self-paced modules for a more flexible learning approach.

Eligibility:

Pass both groups of CA Intermediate.
Complete ICITSS training.
Clear all self-paced modules.

CA Final New Syllabus 2024

The new syllabus for CA Final focuses on core areas and removes certain subjects to streamline the course.

New Syllabus:

Current Paper	New Paper
Paper 1: Financial Reporting	Paper 1: Financial Reporting
Paper 2: Strategic Financial Management	Paper 2: Advanced Financial Management
Paper 3: Advanced Auditing & Professional Ethics	Paper 3: Advanced Auditing & Professional Ethics
Paper 4: Corporate and Economics Laws	Self-Paced Online Module
Paper 5: Strategic Cost Management & Performance Evaluation	Self-Paced Online Module
Paper 7: Direct Tax Laws and International Taxation	Paper 4: Direct Tax Laws and International Taxation
Paper 8: Indirect Tax Laws	Paper 5: Indirect Tax Laws
	Paper 6: Multi-Disciplinary Case Study with Strategic Management

CA Final Exam Pattern 2024

The exam pattern for CA Final includes both subjective and objective questions, with a focus on practical and analytical skills.

New Exam Pattern:

Paper	Subjective Marks	Objective Marks
Paper 1: Financial Reporting	70	30
Paper 2: Advanced Financial Management	70	30
Paper 3: Advanced Auditing & Professional Ethics	70	30
Paper 4: Multi-Disciplinary Case Study with Strategic Management	70	30
Paper 5: Direct Tax Laws and International Taxation	70	30
Paper 6: Indirect Tax Laws	35	15

FAQs

Q5: How do you register under the New Scheme of Education and Training?

Students need to register for Foundation, Intermediate, or Final levels through the Self Service Portal (SSP) at ICAI SSP.

Q4: What is the structure of the Chartered Accountancy Course under the New Scheme of Education and Training?

The new scheme includes three levels: Foundation, Intermediate, and Final, with self-paced online modules.

Q3: Will the CA syllabus change in 2024?

Yes, the CA New Syllabus implementation is confirmed from the May 2024 attempt.

Q2: Is the CA New Scheme applicable for the Nov 2023 exam?

No, the new scheme will be applicable from the May 2024 exams.

Q1: When will the ICAI CA New Scheme of Education come into effect?

The ICAI CA New Scheme of Education and Training came into effect on July 1, 2023.

Conclusion

The ICAI CA New Scheme 2024 brings substantial changes to the Chartered Accountancy course, making it more streamlined and aligned with international standards. With reduced training duration, updated syllabi, and new passing criteria, the new scheme aims to produce well-rounded Chartered Accountants ready to meet global market demands. Prospective CA students should carefully review the new scheme and adjust their study plans accordingly to ensure success.

08 Jul

Uncategorized

ICAI CA Final Result May 2024: Achieve Your CA Dreams with Amit Bachhawat Training Forum

July 8, 2024
By amitbachhawat_user
0 comments

Introduction

As we eagerly await the ICAI CA Final Result for May 2024, Amit Bachhawat Training Forum ensures you are not only prepared for the outcome but also equipped for the bright future ahead. With our expert guidance and steadfast support, we have empowered numerous students to achieve their CA dreams. This is our detailed guide for our students to unveils essential details about the upcoming CA Final Result, and help you on how to check it and outlining steps to enhance your success.

CA May Result 2024 & Date and Time of CA May Result 2024

The May 2024 Chartered Accountants Final Examinations have rigorously tested knowledge and skills, eagerly awaited by aspirants. This pivotal day, set for 11th July 2024, will open new doors and opportunities for dedicated students.
The ICAI CA Final Result for May 2024 will be officially announced on 11th July 2024 at 11:00 AM. Mark your calendars to stay informed.

Steps to Download CA May Result 2024

Amit Bachhawat Training Forum ensures you have all necessary information at your fingertips.
Follow these steps to check your CA Final May 2024 results:
1. Visit the ICAI Official Website: Go to icai.nic.in.
2. Click on “Results”: Navigate to the results section.
3. Select “Final (New)”: Choose the CA Final (New) option.
4. Enter Details: Input your ICAI Final Roll number and Registration number or PIN.
5. Submit and View Result: Click on “Check Result” to view your result. Print a copy for future reference.

Details Mentioned on the CA May Result 2024

Your CA Final scorecard will include:
● Your Name
● Registration Number
● Roll Number
● Result Status of Each Group
● Total Marks Obtained
● Marks Obtained in Each Group
● Grade
● Overall Result (Pass/Fail)
● Rank (If Applicable)
● Qualification Status (Chartered Accountant or Not)
● Percentage
● Certificate of Practice (COP) Eligibility (If Mentioned)

Verification of Results

If you believe there has been an error in your results or you are not satisfied, apply for verification of marks:
● Apply Within One Month: Log in to the ICAI website.
● Fees: Rs. 100 per subject or Rs. 400 for all subjects.
● Certified Marksheet: Apply online for certified copies for Rs. 500. ICAI will provide them
within 30 days.

Next Steps for CA Inter & CA Final Pass Outs

Steps For CA Inter Pass Out

1. Register for Articleship: Gain practical experience under a certified CA.
2. Continue Your Studies: Prepare for the CA Final exams with a structured study plan.
3. Join Amit Bachhawat Training Forum: Our comprehensive programs and experienced faculty will help you excel in articleship and prepare effectively for the CA Final exams.

Steps For CA Final Pass Out

1. Apply for Membership: Join ICAI and become a certified CA.
2. Pursue Advanced Certifications: Consider credentials like CISA, CFA, or CPA to enhance your qualifications.
3. Gain Practical Experience: Start working in reputable accounting firms or organizations.
4. Choose a Specialization: Focus on areas like taxation, audit, finance, or consulting.
5. Consider Further Education: Explore options like an MBA or specialized courses.
6. Entrepreneurship: Begin your own practice and offer expert services.
7. Networking and Development: Engage in professional development and attend industry
conferences.

How to Check ICAI Final Result May 2024 by SMS?

Receive your ICAI CA Final result via SMS:
1. Create a New Message: Format as CAFNLNEW (space) XXXXXX (your 6-digit roll number).
2. Send the Message: Send it to 57575. This service is available for all mobile networks.

Pass Percentage and Toppers

CA Final Pass Percentage May 2024:
● Group 1: Appeared – 65,294, Passed – 6,176, Pass Percentage – 9.46%
● Group 2: Appeared – 62,679, Passed – 13,540, Pass Percentage – 21.6%
● Both Groups: Appeared – 32,907, Passed – 3,099, Pass Percentage – 9.42% The merit list will feature the top 50 rankers, showcasing their hard work and dedication.

The CA Final Result for May 2024 marks a significant milestone in your Chartered Accountancy journey. With Amit Bachhawat Training Forum, you can achieve unparalleled success. Our expert faculty, comprehensive study materials, and proven track record make us the preferred choice for CA aspirants. Whether you’re just starting your CA journey or aiming to enhance your qualifications post-results, join Amit Bachhawat Training Forum today and embark on a successful CA career! Visit our website or contact us to learn more about our programs and how we can help you achieve your dreams.

04 Jul

Blog

Why is Becoming a Chartered Accountant the Best Choice for a Career?

July 4, 2024
By amitbachhawat_user
0 comments

Choosing the right career path is a pivotal decision for students, especially after completing their 12th commerce. Among the numerous options available, one stands out for its prestige, rewards, and opportunities: Chartered Accountancy (CA). Here, we explore why becoming a Chartered Accountant is the best choice for a career, covering aspects such as demand, salary, global recognition, and the challenges involved.

High Demand and Job Security

Chartered Accountants (CAs) are in high demand across various sectors, providing excellent job security. Here’s why:

Versatile Expertise

CAs possess expertise in auditing, taxation, financial management, and corporate finance, making them invaluable assets to public and private businesses, financial institutions, consulting firms, and government departments.

Excellent Job Security

This high demand ensures that qualified CAs have a wealth of opportunities available to them. The need for financial expertise remains constant, regardless of economic conditions, making CA a recession-proof career choice.

Broad Sector Demand

CAs are sought after in diverse sectors, including:

Public and Private Businesses: For financial management and compliance.
Financial Institutions: For auditing and financial analysis.
Consulting Firms: For specialized financial advice and strategy.
Government Departments: For financial oversight and policy implementation.

In summary, the versatile expertise and high demand for Chartered Accountants across various sectors provide excellent job security and make CA a stable and recession-proof career choice.

Lucrative Salary and Benefits

One of the most attractive aspects of becoming a Chartered Accountant (CA) is the potential for a lucrative salary and comprehensive benefits.

Also Read: https://amitbachhawat.com/chartered-accountant-salary-in-india-2024/

Competitive Starting Salaries

Newly qualified CAs in India can expect to earn between INR 7-12 lakhs per annum.

Career Growth

With experience, earnings can rise significantly. Senior CAs with extensive experience can command salaries upwards of INR 25-30 lakhs per annum. Specializing in high-demand areas like forensic accounting or financial analysis can further boost income.

Additional Benefits

CAs enjoy a range of additional benefits:

Performance Bonuses: Financial rewards based on performance.
Health Insurance: Comprehensive medical coverage.
Retirement Plans: Provident fund contributions and pension plans.
Professional Development: Support for ongoing education and certification.
Work-Life Balance: Flexible working hours and remote work options.

Global Opportunities

Chartered Accountants are in demand globally, opening up international career opportunities with potentially higher salaries and valuable experience.

Job Security

CAs possess skills that are indispensable in any economic environment, ensuring high job security.

Basically becoming a CA offers a career with substantial financial benefits, additional perks, and a stable professional journey.

Global Recognition and Opportunities

The Chartered Accountancy qualification is globally recognized, opening doors to international career opportunities. Here’s why this is a significant advantage:

International Career Opportunities

CAs are respected worldwide for their financial expertise, problem-solving abilities, and high standards of integrity. This recognition allows Indian CAs to work abroad, either by joining multinational corporations or by establishing their own practices in foreign countries.

Global Scope and Diverse Opportunities

The CA qualification offers a global scope, enabling practitioners to enjoy diverse career opportunities. CAs can work in various cultural and economic environments, gaining valuable international experience.

High Demand and Respect

Chartered Accountants are in high demand internationally, providing numerous opportunities to work with leading global firms or in various sectors such as finance, consultancy, and auditing.

The global recognition of the Chartered Accountancy qualification opens up a world of career possibilities, allowing CAs to work internationally and gain diverse, enriching professional experiences.

Challenges While Pursuing CA

While the rewards of becoming a Chartered Accountant (CA) are substantial, the journey is demanding and requires significant dedication and hard work. Here are the key challenges:

Rigorous Syllabus and Low Passing Rates

The CA course is known for its rigorous syllabus and low passing rates. Students must pass three levels of exams—CA Foundation, CA Intermediate, and CA Final—each requiring a deep understanding of complex financial concepts.

Demanding Articleship Period

The mandatory two-year articleship period provides practical training but is demanding in terms of time and effort. This hands-on experience is crucial for developing practical skills but can be challenging to balance with exam preparation.

Continuous Learning

Continuous learning is essential for CAs to stay updated with changes in laws, regulations, and accounting standards. This requires a commitment to ongoing education and professional development.

Ethical Responsibilities

CAs have significant ethical responsibilities. They must adhere to professional standards and maintain the trust of their clients and employers, which adds another layer of commitment.

Conclusion

Becoming a Chartered Accountant is a prestigious and rewarding career choice, offering high demand, job security, lucrative salaries, and global recognition. Despite the challenges involved in the pursuit of this qualification, the benefits far outweigh the difficulties. For students with a passion for finance, accounting, and taxation, and the willingness to work hard, a career as a Chartered Accountant promises a fulfilling and prosperous professional life. If numbers excite you and you aspire to make a significant impact in the financial world, CA is the perfect career path for you.

28 Jun

Blog

CS Executive Preparation Strategy 2024: A Comprehensive Guide

July 3, 2024
By amitbachhawat_user
0 comments

Introduction

Preparing for the CS Executive exam is a crucial step towards becoming a certified company secretary. This exam, conducted by the Institute of Company Secretaries of India (ICSI), serves as a crucial step towards achieving the goal. This guide aims to equip you with effective strategies to navigate through the 2024 CS Executive exam with confidence and success.

The CS Executive exam is designed to assess candidates on a wide range of subjects essential for company secretaries. It not only tests theoretical knowledge but also evaluates practical understanding and application of various legal, financial, and managerial principles. Aspiring company secretaries must demonstrate proficiency in areas such as company law, taxation, accounting, business laws, and strategic management, among others.

Exam Structure and Syllabus

The CS Executive exam consists of eight papers, each carrying 100 marks, spread across various disciplines crucial for company secretaries:

Jurisprudence, Interpretation and General Laws
Company Law
Setting up of Business Entities and Closure
Tax Law
Corporate and Management Accounting
Securities Laws and Capital Market
Economic, Business and Commercial Laws
Strategic and Financial Management

Understanding the structure and weightage of each paper is essential for planning your preparation effectively.

Creating a Study Plan

To succeed in the CS Executive exam, a well-structured study plan is indispensable:

Allocate Time Efficiently: Dedicate specific time slots for each subject based on its complexity and your familiarity with the topics.
Use Reliable Resources: Stick to official ICSI study materials, recommended textbooks, and notes from credible sources.
Balance Learning and Practice: Combine theoretical understanding with practical application through solving mock papers and practice problems.

Subject-wise Preparation Tips

Each paper in the CS Executive exam demands focused preparation:

Jurisprudence, Interpretation and General Laws: Focus on understanding legal principles and their applications in various contexts. Practice interpreting legal language and analyzing case studies.
Company Law: Master the Companies Act, 2013, focusing on incorporation procedures, corporate governance, and case study analysis.
Tax Law: Develop a strong grasp of the Income Tax Act, 1961, and practice solving tax computation problems.
Corporate and Management Accounting: Master accounting principles and practice preparing financial statements and analyzing financial ratios.
Securities Laws and Capital Market: Understand regulatory frameworks and types of securities, and familiarize yourself with stock exchange regulations.
Economic, Business and Commercial Laws: Study economic principles, commercial laws, and their applications in business scenarios.
Strategic and Financial Management: Learn financial management concepts and their strategic applications in decision-making processes.

Mock Tests and Practice Papers

Regular practice through mock tests and previous years’ question papers is crucial:

Simulate Exam Conditions: Practice under timed conditions to improve time management and familiarity with exam patterns.
Identify Weak Areas: Analyze mock test results to identify areas needing improvement and adjust your study plan accordingly.

Revision Strategy

Effective revision ensures retention of learned concepts:

Schedule Regular Revisions: Allocate time for periodic revisions to reinforce understanding and memory retention.
Focus on Problem Areas: Prioritize revising topics where you face difficulties or have gaps in understanding.

Conclusion

In conclusion, preparing for the CS Executive exam requires dedication, strategic planning, and consistent effort. By following these comprehensive strategies—creating a structured study plan, mastering subject-specific content, practicing with mock tests, and maintaining a disciplined revision schedule—you can approach the exam with confidence. Stay focused, stay determined, and success will follow.

Best of luck, on your journey towards becoming a successful company secretary through the CS Executive exam in 2024!

24 Jun

Blog

Choosing the Best CMA Coaching in India

July 3, 2024
By amitbachhawat_user
0 comments

Introduction

In recent years, the Cost Management Accountancy (CMA) qualification has surged in popularity in India, offering a wealth of career opportunities for finance professionals. This globally recognized credential signifies expertise in financial planning, analysis, control, decision support, and professional ethics. As the demand for CMA experts increases, so does the competition, making it crucial to choose the best CMA coaching in India to succeed in this challenging field. This blog will guide you through the process of selecting the right coaching institute, ensuring you make an informed decision that aligns with your career goals.

Self-Evaluation

Before diving into the sea of coaching institutes, it’s essential to conduct a thorough self-evaluation. This step helps you understand your needs and preferences, setting a clear path for your search.

Learning Style: Determine whether you prefer in-person classes, online sessions, or a hybrid model. Understanding your learning style will help you find an institute that matches your preferences.
Budgetary Constraints: Establish your budget for coaching. Consider all possible expenses, including tuition fees, study materials, and any additional resources.
Time Availability: Assess your current schedule to figure out how much time you can dedicate to coaching. Ensure the classes you choose fit well with your personal and professional commitments.
Career Objectives: Clarify your career goals. Are you looking for comprehensive knowledge or just exam-specific preparation? This will help you align with the most suitable coaching program.

Also Read : https://amitbachhawat.com/why-should-i-become-a-cma/

Researching CMA Coaching Institutes in India

With a clear understanding of your requirements, the next step is to research potential coaching institutes. This involves gathering information from various sources to shortlist the best options.

Online Research: Start with online searches to identify reputed coaching institutes. Websites, forums, and review sites can provide valuable insights into the reputation of various institutes.
Faculty Quality: Look into the qualifications and experience of the faculty. Experienced instructors with a strong background in CMA can significantly impact your learning experience.
Location: If you prefer in-person classes, consider the proximity of the institute to your residence. A convenient location can save time and reduce stress.
Success Rates: Investigate the institute’s past performance, including pass rates and success stories. High success rates often indicate effective teaching methods and quality education.

Factors to Consider When Selecting a CMA Coaching Institute

When evaluating coaching institutes, several key factors can help you make a well-informed decision.

Comprehensive Curriculum: A well-structured curriculum aligned with exam requirements and industry standards is crucial. Ensure the institute covers all necessary topics thoroughly.
Study Material: High-quality study materials, including printed notes, online resources, and mock tests, are essential for effective learning. Access to unique resources can enhance understanding and retention of concepts.
Batch Size: Smaller batch sizes ensure personalized attention and a conducive learning environment. A low student-teacher ratio allows for better query resolution and progress monitoring.
Track Record: The institute’s past exam results and student testimonials provide a glimpse into its credibility and effectiveness. Positive feedback from previous students is a good indicator of quality.
Value-Added Services: Institutes offering additional services like doubt-clearing sessions, career guidance, and placement assistance contribute to the holistic development of candidates.

Important Considerations Before Enrolling

Before committing to a coaching institute, consider these critical aspects to ensure a smooth and beneficial learning experience.

Fee Structure: Understand the fee structure and explore payment options such as scholarships or installment plans. Proper financial planning is essential to avoid any financial strain.
Demo Classes: Attend demo classes to assess teaching styles, methodologies, and compatibility with your learning preferences. This firsthand experience can be invaluable in making your decision.
Class Timings and Format: Ensure the class schedule and format accommodate your personal and professional commitments. Flexible timings can help maintain a balanced study routine.

Conclusion

Choosing the best CMA coaching in India is a pivotal decision that can significantly influence your journey towards certification and career success. By conducting a thorough self-evaluation, researching potential institutes, and considering key factors before enrolling, you can make an informed choice that aligns with your goals and aspirations. Beyond coaching, adopting effective study strategies and leveraging networking opportunities are crucial for excelling in the CMA exams and advancing in your profession. Make the right choice today and set the foundation for a successful career in cost management accountancy.

13 Jun

Blog

CS Executive Exam December 2024: Exam Dates, Syllabus

June 17, 2024
By amitbachhawat_user
0 comments

Introduction

For aspiring Company Secretaries, the CS Executive Exam by the Institute of Company Secretaries of India (ICSI) is a pivotal step towards achieving professional certification. Scheduled for December 2024, this exam demands thorough preparation and understanding of its structure, dates, syllabus, and more.

CS Executive December 2024 Exam Dates

Mark your calendars! The CS Executive Exam December 2024 will be held from December 21 to 28, 2024. Below is the detailed schedule:

Date	Subject	Group
21-Dec-2024	Jurisprudence, Interpretation and General Laws	Group-1
22-Dec-2024	Capital Market and Securities Laws	Group-2
23-Dec-2024	Company Law and Practice	Group-1
24-Dec-2024	Economic, Commercial and Intellectual Property Laws	Group-2
26-Dec-2024	Setting Up of Business, Industrial and Labour Laws	Group-1
27-Dec-2024	Tax Laws and Practice	Group-2
28-Dec-2024	Corporate Accounting and Financial Management	Group-1

Eligibility Criteria for CS Executive December 2024 Exam

To appear for the CS Executive Exam in December 2024, candidates must meet the following eligibility criteria:

Age: Minimum 17 years old.
Educational Qualification: Graduation from a recognized university (except Fine Arts).
CSEET Route: Must have cleared the CS Executive Entrance Test (CSEET).

CS Executive Exam Pattern

Mastering the exam pattern is essential for successful preparation.
Here’s an overview:

Particulars	Details
Conducting Body	Institute of Company Secretaries of India (ICSI)
Mode of Exam	Offline (Centre Based)
Number of Subjects	8 papers (4 per module)
Total Questions	100 questions per paper
Exam Duration	3 hours per paper
Marking Scheme	+1 for correct answers, -0.25 for incorrect
Type of Questions	Objective and Subjective

ICSI CS Executive Syllabus 2024

The CS Executive Syllabus for December 2024 includes:

Module	Old Syllabus	New Syllabus
Module 1	Tax Laws & Practice	Tax Laws
	Company Law	Jurisprudence, Interpretation & General Laws
	Cost & Management Accounting	Company Law
	Economic & Commercial Laws	Setting up of Business Entities and Closure
Module 2	Company Accountants and Auditing Practices	Corporate & Management Accounting
	Industrial, Labor and General Laws	Economic, Business and Commercial Laws
	Financial and Strategic Management	Financial and Strategic Management
	Capital Markets and Securities Laws	Securities Laws & Capital Markets

CS Executive Exam Preparation Tips

Preparation is key to success. Here are some tips to help you excel in the CS Executive Exam:

Know Your Syllabus: Understand the topics and sub-topics thoroughly.
Create a Study Plan: Develop a structured study schedule.
Practice Regularly: Solve mock tests and previous years’ papers.
Revise Consistently: Keep revisiting your notes and key concepts.
Stay Updated: Follow official announcements and updates from ICSI.

Seek Guidance: Consider joining coaching classes or study groups for better clarity.

Conclusion

The CS Executive Exam December 2024 is an opportunity for ambitious professionals to advance their careers in corporate governance and secretarial practices. With meticulous preparation and adherence to the exam guidelines, success is within reach.

FAQs

What is the eligibility criteria for the CS Executive Exam December 2024?

To be eligible, candidates must be at least 17 years old, hold a graduation degree (excluding Fine Arts), and have cleared the CS Executive Entrance Test (CSEET).

What is the exam pattern for the CS Executive December 2024 exam?

The exam consists of 8 papers (4 per module), each lasting 3 hours. It includes both objective and subjective questions, with a marking scheme of +1 for correct answers and -0.25 for incorrect answers in objective questions.

Where can I find more details about the CS Executive Syllabus 2024?

You can refer to the ICSI website or the official notification for the detailed syllabus under both old and new modules.

Prepare diligently, stay focused, and aim high for the CS Executive Exam December 2024. Good luck on your journey towards becoming a certified Company Secretary!

13 Jun

Blog

CA Intermediate Exam Pattern September 2024

June 17, 2024
By amitbachhawat_user
0 comments

Introduction

The CA Intermediate exam plays a pivotal role in the journey of becoming a Chartered Accountant. It serves as a bridge between the foundational knowledge gained in CA Foundation and the specialized expertise required in CA Final. Understanding the exam pattern, marking scheme, and preparation strategies is essential for success in the September 2024 exams.

CA Intermediate Exam Pattern

The CA Intermediate exam for September 2024 comprises 6 papers categorized into 2 groups. Each paper is conducted offline, with a duration of 3 hours. To accommodate a wide range of candidates, the exam is offered in both Hindi and English. Importantly, there is no negative marking, allowing students to focus on answering questions accurately without fear of penalties.

CA Intermediate Papers and Marks Distribution

Group	Paper Number	Subject	Marks
I	Paper 1	Advanced Accounting	100
	Paper 2	Corporate and Other Laws	100
	Paper 3	Taxation (Income Tax Law and Indirect Tax)	100
II	Paper 4	Cost and Management Accounting	100
	Paper 5	Auditing and Assurance	100
	Paper 6	Financial Management and Strategic Management	100

Marking Scheme of CA Intermediate Exam

The marking scheme for CA Intermediate September 2024 exams emphasizes both comprehension and application across different subjects. Here’s a glimpse of the expected distribution:

Marking Scheme

Paper	Comprehension (%)	Application (%)
Paper 1: Advanced Accounting	5%-15%	85%-95%
Paper 2: Corporate and Other Laws	40%-55%	45%-60%
Paper 3: Taxation
– Part A: Income Tax Law	5%-20%	80%-95%
– Part B: Indirect Tax Laws	20%-45%	55%-80%
Paper 4: Cost and Management Accounting	20%-30%	70%-80%
Paper 5: Auditing and Assurance	5%-15%	85%-95%
Paper 6: Financial Management
– Part A: Financial Management	20%-30%	70%-80%
– Part B: Strategic Management	60%-80%	20%-40%

Passing Marks for CA Intermediate Exams

To successfully clear the CA Intermediate exams, candidates must secure a minimum of 40% marks in each individual paper and an aggregate of 50% in each group. This criterion ensures a balanced understanding across all subjects within a group.

Syllabus for CA Intermediate Exam September 2024

The syllabus for CA Intermediate September 2024 exams is comprehensive, covering essential topics in accounting, laws, taxation, auditing, and strategic management. It is imperative for candidates to familiarize themselves with the entire syllabus to effectively prepare for the exams.

Preparation Tips for CA Intermediate Exam September 2024

Preparing for the CA Intermediate exams requires a strategic approach and dedicated effort. Here are few tips to enhance your preparation:

Study Material: Utilize the official study material provided by ICAI to ensure comprehensive coverage of the syllabus.
Practice: Solve previous years’ papers and mock tests to familiarize yourself with the exam format and improve time management skills.
Focus Areas: Pay attention to the marking scheme and allocate study time accordingly to strengthen areas where you need improvement.
Time Management: Plan your study schedule effectively to cover all subjects systematically before the exam dates.

Conclusion

The CA Intermediate September 2024 exams demand thorough preparation and a clear understanding of the exam pattern, marking scheme, and passing criteria. By leveraging study resources effectively and adopting disciplined study habits, candidates can enhance their chances of success.

FAQs (Frequently Asked Questions)

Q: Is there any negative marking in the CA Intermediate exams?

No, there is no negative marking in CA Intermediate exams, allowing candidates to answer questions without the fear of deductions.

Q: How are the CA Intermediate papers structured in terms of duration?

Each paper in CA Intermediate is conducted for 3 hours, providing adequate time for candidates to complete their answers comprehensively.

Q: What is the passing criteria for CA Intermediate exams?

To pass the CA Intermediate exams, candidates must score a minimum of 40% in each paper and a total of 50% in each group.

24 May

Blog

How to Prepare for CA Foundation June 2024 Exams

May 24, 2024
By amitbachhawat_user
0 comments

Introduction

Chartered Accountancy (CA) is one of the most prestigious and challenging professions in India. The journey to becoming a Chartered Accountant begins with the CA Foundation exam. As the gateway to the CA course, the CA Foundation exam requires thorough preparation, strategic planning, and consistent effort. With the June 2024 exams approaching, it is crucial to understand the exam details, adopt expert advice, implement effective strategies, and choose the right coaching institute. This blog will guide you through these aspects to help you prepare efficiently and confidently for the CA Foundation June 2024 exams.

CA Foundation Exam Details

The CA Foundation exam is conducted by the Institute of Chartered Accountants of India (ICAI) and consists of four subjects:

Paper No.	Subject	Type
1	Principles and Practices of Accounting	Subjective
2	Business Laws and Business Correspondence and Reporting	Subjective
3	Business Mathematics, Logical Reasoning, and Statistics	Objective
4	Business Economics and Business and Commercial Knowledge	Objective

The exam is held twice a year, and students who have completed their 10+2 exams are eligible to register. The exam tests a wide range of skills, from accounting principles to logical reasoning and business laws. Preparing for the CA Foundation exam within a four-month period requires a well-structured study plan and disciplined execution.

Expert Advice to Prepare for CA Foundation Exam 2024

Prepare a Time-Table

Creating a time-table is the first step in your preparation. Allocate specific time slots for each subject and chapter, ensuring you cover the entire syllabus within the available time. A well-organized schedule will help you manage your time efficiently and keep track of your progress.

Join Proper Coaching

Choosing the right coaching institute can make a significant difference in your preparation. Expert guidance and structured learning can provide clarity on complex topics. Whether you opt for online or offline classes, ensure that the faculty is experienced and the study material is comprehensive.

Focus on Statistics and Logical Reasoning

Non-maths commerce students should give extra attention to Statistics and Logical Reasoning as these sections are more scoring compared to Mathematics. Logical Reasoning covers 20 marks, making it crucial for overall performance.

Prepare Your Own Revision Notes

Handwritten notes are incredibly valuable for quick revisions. During your studies, make concise notes highlighting key concepts and formulas. These notes will be your go-to resource in the final weeks before the exam.

Command Over Calculator

Proficiency with a calculator is essential for the CA exams. Learn to use the various functions and shortcuts to save time during the exam. Practice calculations regularly to become swift and accurate.

Take Short Breaks

Studying continuously for long hours can be counterproductive. Take short breaks of 10-15 minutes every 2-3 hours to refresh your mind. This will help maintain your concentration and efficiency.

Minimum Three Times Revision

The vast syllabus requires multiple revisions to retain information. Plan to revise each subject at least three times before the exam. Each revision should be more focused, emphasizing important and challenging areas.

Practice with Question Papers and Mock Tests

Practicing with previous years’ question papers and mock tests is crucial. This not only helps in understanding the exam pattern but also improves time management and accuracy. Aim to complete as many mock tests as possible.

Focus on Presentation

Presentation skills are vital for subjective papers. Practice writing answers neatly and clearly. Focus on structuring your answers logically, as this can influence the marks awarded.

Revision in the Last Month

Dedicate the last month entirely to revision. Do not start any new topics during this period. Focus on revising your notes, solving mock tests, and clearing any remaining doubts.

Strategies to Clear CA Foundation Exam in First Attempt

Avoid Group Studies: While group studies can be beneficial, they often lead to distractions. Study independently to stay focused and cover the entire syllabus.
Complete Syllabus Early: Aim to finish the syllabus ahead of time, allowing ample time for revisions. This reduces stress and enhances retention.
Daily Revision: Break down topics into manageable parts and revise them daily. Consistent revision helps in retaining information for longer periods.
Positive Attitude: Maintain a positive mindset throughout your preparation. Self-motivation and a positive attitude are crucial for overcoming challenges.
Balanced Study Plan: Combine theory and practical subjects in your study plan. This balance helps in maintaining interest and reduces monotony.
Health and Well-being: Take care of your health with proper diet, sleep, and exercise. A healthy body supports a sharp mind, essential for effective studying.

Why Join Amit Bachhawat Training Forum for CA Foundation Preparation?

Amit Bachhawat Training Forum (ABTF) is renowned for its excellence in CA coaching. Here’s why you should consider ABTF for your CA Foundation preparation:

Benefits	Details
Experienced Faculty	ABTF boasts a team of highly qualified and experienced faculty who provide clear and concise explanations of complex topics.
Comprehensive Study Material	The institute offers well-structured study material, covering all aspects of the syllabus comprehensively.
Mock Tests and Practice Papers	ABTF provides numerous mock tests and practice papers to help students familiarize themselves with the exam pattern and improve their time management skills.
Personalized Attention	The institute ensures that each student receives personalized attention, addressing individual doubts and concerns promptly.
Proven Track Record	ABTF has a history of producing top rankers in CA exams, reflecting its commitment to quality education and student success.

Conclusion

Preparing for the CA Foundation exam requires a combination of smart work, disciplined study, and expert guidance. By following the expert advice, implementing effective strategies, and choosing the right coaching institute like Amit Bachhawat Training Forum, you can enhance your chances of success. Remember, consistent effort and a positive mindset are key to cracking the CA Foundation exam in the first attempt. Start early, stay focused, and keep revising to achieve your goal of becoming a Chartered Accountant.

Frequently Asked Questions (FAQs)

Q1. Is CA Foundation easy?

A: The CA Foundation exam is considered easier compared to CA Intermediate and CA Final. However, it still requires diligent study and preparation.

Q2. Which institute should I join for CA Foundation preparation?

A: Amit Bachhawat Training Forum is highly recommended for its experienced faculty, comprehensive study material, and proven track record of success.

Q3. How important are mock tests for CA Foundation preparation?

A: Mock tests are crucial as they help you understand the exam pattern, improve time management, and identify areas that need more practice

Q4. How many hours should I study daily for CA Foundation?

A: Aim to study for at least 10-12 hours daily, with regular breaks to maintain efficiency and avoid burnout

Q5. Can I clear CA Foundation in the first attempt?

A: Yes, with disciplined preparation, effective time management, and proper guidance, you can clear the CA Foundation exam in the first attempt.

17 May

Blog

Chartered Accountant Salary in India 2024

May 23, 2024
By amitbachhawat_user
0 comments

Introduction:

The role of a Chartered Accountant (CA) in India is highly revered, and rightfully so, considering their pivotal role in financial management, compliance, and strategic decision-making for businesses. With the evolving economic landscape, the demand for skilled CAs is on the rise, leading to attractive salary packages. In this blog, we’ll delve into the details of the Chartered Accountant salary scenario in India for the year 2024.

Requirements to Become a Chartered Accountant:

Becoming a CA in India requires dedication, academic prowess, and practical training. Prospective CAs must demonstrate a strong foundation in commerce and mathematics, coupled with proficiency in areas such as accounting, taxation law, and business studies. The journey typically involves clearing rigorous examinations conducted by the Institute of Chartered Accountants of India (ICAI) and completing mandatory articleship training.

Overview of CA Salaries in India:

The salary of a Chartered Accountant in India varies based on factors such as work profile, experience, and the employing organization. While public sector firms offer stability and attractive benefits, multinational corporations (MNCs) and top auditing firms provide higher remuneration packages. Additionally, practicing CAs have the potential to earn substantial incomes based on their client base and expertise.

Salary Packages of Chartered Accountants:

The salary packages for CAs in India range significantly based on the employer and job profile. Here’s a summary:

Salary Package	Range (INR)
Least Package	3 lakhs per annum
Highest Package	76 lakhs per annum
In-Between Package	6-18 lakhs per annum
Average Salary	7-8 lakhs per annum

Chartered Accountant Salary in Big 4 Auditing Firms:

Employment in renowned auditing firms, also known as the Big 4, is a coveted opportunity for CAs. These firms offer lucrative salary packages to both freshers and experienced professionals. Here’s an overview:

Firm	Lowest Salary (INR)	Highest Salary (INR)
Deloitte	45,000	60,000
PricewaterhouseCoopers	48,000	68,000
Ernst & Young	40,000	63,000
KPMG	46,000	62,000

Watch the Video Of Expert for more Insights on CA Career & Salary :

Salary in Other CA Firms:

CA firms in India provide freshers with impressive salary packages ranging from 3 to 7 lakhs annually. These firms offer valuable experience and exposure to diverse clients.

Practicing Chartered Accountant's Salary:

Practicing CAs have the opportunity to earn substantial incomes based on their client base and expertise. While the median wage for practicing CAs is around 21.3 lakhs per annum, top performers can earn up to 50 lakhs annually.

Salary in Public Sector Companies:

Public sector companies in India, such as NTPC and SAIL, employ CAs for their finance departments. While these positions offer stability and fixed working hours, salaries range from 8 to 20 lakhs annually.

Conclusion:

The salary prospects for Chartered Accountants in India remain promising in 2024. With opportunities in diverse sectors such as auditing firms, public sector companies, and multinational corporations, CAs have the potential to earn attractive remuneration packages based on their skills and experience. As the economy continues to evolve, the demand for skilled financial professionals like CAs is expected to rise, further enhancing their earning potential in the years to come.

By staying abreast of industry trends and continuously honing their skills, Chartered Accountants can position themselves for lucrative career opportunities and contribute significantly to India’s financial landscape.

09 May

Blog

The Future of Company Secretaries: Exploring Career Opportunities and Government Job Prospects

Introduction:

The role of Company Secretaries (CS) has evolved significantly in corporate world. Beyond mere compliance, CS professionals now play a pivotal role in ensuring good corporate governance, navigating complex legal frameworks, and fostering transparency and accountability within organizations. But amidst this evolution, a pertinent question arises: Does CS have scope in the future? Let’s delve deeper into this topic and explore the various career opportunities and government job prospects for CS professionals.

Company Secretary Career Scope:

The career scope of a Company Secretary is multifaceted, encompassing a wide range of responsibilities and opportunities. CS professionals serve as internal compliance officers and legal experts, ensuring that companies adhere to regulatory frameworks and ethical standards. From handling tax returns to advising the board of directors on strategic decision-making, the role of a CS is integral to the smooth functioning of organizations. Moreover, CS professionals are the point of contact for inquiries and problems, showcasing their importance in the organizational structure.

Also Read : https://amitbachhawat.com/why-is-the-company-secretary-course-perfect-for-commerce-students/

Top Careers for Company Secretary:

The career options for Company Secretaries are diverse and promising. Some of the top career paths include:

Company Registrar: Responsible for regulating the Companies Act and maintaining records of companies and Limited Liability Partnerships (LLPs).
Legal Advisor: Guides companies through legal matters, ensures compliance, and supervises internal management.
Corporate Policymaker: Formulates corporate policies, advises the board, and collaborates with the legal department for effective decision-making.
Chief Administrative Officer: Oversees general administrative activities, safeguarding legal and confidential documents.
Principal Secretary: Manages corporate meetings and interacts with clients, vendors, and government delegations.

These roles highlight the varied contributions that Company Secretaries can make within organizations, making it a dynamic and fulfilling career choice.

Company Secretary Career Scope in India:

In India, the demand for Company Secretaries is notably high, especially in major cities like New Delhi, Mumbai, Chennai, and Kolkata. The Institute of Company Secretaries of India (ICSI) reflects this popularity, with thousands of members and students enrolled in company secretarial training courses. The Companies Act 2013 mandates companies with a paid-up share capital of INR 10 crores or more to appoint a full-time Company Secretary, ensuring a continuous demand for qualified individuals in this field.

Know More : https://amitbachhawat.com/product-category/cs-courses/cs-executive-pendrive-classes/

Company Secretary Salary in India:

The salary structure for Company Secretaries varies depending on factors such as the size of the company, location, and experience. On average, a fresher CS can expect an annual salary of around INR 4-5 lakhs, while senior-level CS professionals with over ten years of experience can earn upwards of INR 50 lakhs per annum. The rewarding nature of this profession, coupled with job security, makes it an attractive career option for many

Government Jobs After Company Secretary:

Government job opportunities abound for Company Secretaries in regulatory bodies like SEBI or RBI, where they play crucial roles in shaping and monitoring the financial sector. Additionally, government ministries, departments, and public sector organizations require CS professionals to handle legal and corporate affairs, policy formulation, and compliance matters. Government jobs offer stability, security, and attractive perks, making them appealing to CS professionals seeking diverse career opportunities.

SCOPE OF CS IN BANKS:

The banking sector presents ample opportunities for Company Secretaries to contribute to good corporate governance and regulatory compliance. CS professionals play roles such as Compliance Officers, overseeing legal and regulatory frameworks, conducting internal audits, and ensuring corporate governance practices. With the constant emphasis on maintaining good corporate governance, the role of CS professionals in banks is expected to grow in significance.

Conclusion:

The future of Company Secretaries appears promising, with abundant career opportunities and government job prospects. The evolving regulatory landscape and the increasing emphasis on corporate governance underscore the importance of CS professionals in organizations across various sectors. With their expertise in compliance, legal matters, and corporate governance, Company Secretaries are well-positioned to thrive in the dynamic world of business. Aspiring CS professionals can look forward to a rewarding and fulfilling career path with ample opportunities for growth and contribution.