Technology-Trends
13 Nov
Blog

6 Major Technology Trends in Education that will Benefit You (2023-24)

The latest developments in the tech industry are called trends. Modern technology has altered our perceptions of, reactions to, and actions in the world. Technology has thereby significantly altered every aspect of existence. The sphere of education is not an exception.

The new educational infrastructure includes webinars, zoom meetings, podcasts, pen drive classes, online courses, webinars, and many other AI-enabled gadgets. With the advent of modern technology, cognitive thinking has become more important than memory alone. This made way for seminars in smart rooms and conceptual studies.

Furthermore, the higher education system in India has mostly profited from this development. Additionally, students now have flexible study schedules and access to the best educational resources because to technological advancements.

In reality, we at Amit Bachhawat Training Forum offer the best CA instruction in India by utilizing cutting edge technologies. The Amit Bachhawat Training Forum offers amenities like online CA courses and smart classrooms.

You may read about how technology is enhancing Indian education here. Additionally, you’ll learn which technological advancements have benefited pupils the most. It will assist you in understanding what technology to seek out the next time you enroll in a course.

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How is Technology Trends Improving Education in India?

India’s educational options are no longer restricted to traditional classrooms and universities. The virtual world has made inroads into India’s educational system.

Technology has simplified access to and treatment of education for students. Teachers pique students’ interest in their classes by utilizing the latest technological advances. The shortage of teachers is being addressed by the use of technology in education, and students can now choose their tutors. Technology has improved access to high-quality education in India’s rural and small towns.

Students in classes 11 and 12 are not required to rely on adjacent coaching centers, for instance. In certain other cities, you can enroll in online courses taught by qualified instructors. Students enrolled in the CA Course may also have access to superior coaching.

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What is the Role of Technology in Education?

In essence, technology is the application of machine learning to simplify human labor. Additionally, improvised learning with technology has greatly benefited both teachers and students. With just a few button clicks, kids may now access any information, and teachers can view the daily progress of their pupils.

Making pupils industry-ready is one of higher education’s other goals. However, this objective could not be reached with the outdated teaching strategies. Teachers can now evaluate pupils’ talents thanks to technological advancements in the field of education. Teachers can therefore assist pupils in meeting the standards set by the sector. 

Read Now: https://amitbachhawat.com/job-opportunities-for-ca/

Technology Trends in Education in India

Here we have discussed six of the most popular technology trends in education.

Digital Books

The introduction of digital books has drastically altered the landscape of education. Internet resources are now the main way to compile information on any topic. Thus, pupils can learn more conveniently thanks to digital books. Students can simply download digital literature, eliminating the need to constantly search for the newest edition and pile paperback volumes.

For instance, free textbooks for classes 11 and 12 are available online. In a similar vein, internet access is provided for CA Foundation, CA Inter, and CA Final books.

Multi-Sensory Classrooms

Classrooms are becoming smart classrooms thanks to the interactive whiteboards. Additionally, instructors can better engage students in the sessions by using the visual and auditory accompaniment.

In order to make learning more enjoyable and less tedious, we use interactive whiteboards in our classrooms. We have therefore personally witnessed how much easier it is for pupils to learn and stay engaged in class.

Remote Learning

One of the best technological developments in India that has benefited students the most is the use of online learning. The use of remote learning in the classroom is not new. But since last year, online learning has become the dominant paradigm in the global education system.

For a few years now, Amit Bachhawat Training Forum has also been offering online classes to CA students. However, there has been a significant increase in online courses since last year.

Online classes are becoming the new normal. Some of the benefits of  ca online classes are:

  • The problem of distance has been solved.
  • In addition, video conferences, pre-recorded videos, and virtual class forums have helped tailor the education experience for students.
  • Students can choose at what time they want to study.

Virtual reality and augmented reality

Students’ educational materials will change as a result of VR and AR. Pupils will be able to pick up knowledge and remember it easily. Learning will advance thanks to VR and AR. It removes the partition separating the real world from the virtual one.

Students will experience things as though they are right in front of their eyes, similar to 3D movies. The newest technological developments in schooling in 2023 will be AR and VR.

Blockchain Technology Trends

Blockchain has been used in education for a while, even if you’re not aware of it. Among its primary advantages are:

It facilitates the integration of data from several sources into a single database. For instance, the Indian government offers students the convenience of a digital locker for simple document management.

Fraud is avoided because the data can be copied and pasted without being altered.

The school boards can manage and validate student data with the use of this technology.

Teachers can better examine learning practices by using blockchain technology to track student performance and results. Instructors are now able to assist pupils in becoming better. We evaluate the students using Amit Bachhawat mock exams and offer advice to help them do better before testing. Our pupils have excelled in their CA exams by using this strategy.

Artificial Intelligence

AI has simplified teaching tasks for educators and increased student access to education. Teachers can assign and mark online assignments and examinations more easily with the aid of AI software.

OMR sheets, for instance, are utilized in competitive examinations like the CA and others. Using AI technology, OMR sheet verification is carried out. Numerous topics in ICAI include concerns of a subjective nature. It demonstrates the significance of AI in higher education.

Although AI has made life easier, there are a few drawbacks as well. It is not uncommon for students to make incorrect entries on the OMR page. Students who have such circumstances have had their marks reduced without any chance of being corrected.

Conclusion

As can be seen above, both teachers and students can profit greatly from the latest technological advancements. In conclusion, we may state that the future of India’s educational system includes online learning, AI, blockchain, AR, and VR. On the down side, though, very few institutions have embraced the newest technological innovations. To deliver high-quality instruction, the Amit Bachhawat Training Forum CA Coaching institute already makes use of the most advanced technology.

Thus, to get the most out of your education, enroll in programs that make advantage of the newest technological developments for 2023. Nothing less than the highest education is acceptable for you.

commerce-courses-after-10th
10 Nov
Blog

Best Commerce Courses after 10th Class (2023)

Top Commerce Courses Following 10th grade Selecting between the commerce, science, or arts programs is the most difficult choice that students must make after graduating their 10th grade. Each stream offers a distinct selection of courses. However, a recent trend suggests that many pupils are strongly inclined toward business.

Students opt to select commerce since it is one of the academic tracks that is growing the fastest when compared to science and the humanities. You will therefore be on a safe career route if you complete one commerce course after the tenth grade.

Thus, this article will provide a list of the top commerce courses after the 10th class. We also discussed eligibility for commerce programs after October 10th.

List of Best Commerce Courses After 10th Class:

  1. Chartered Accountants
  2. Company Secretary 
  3. Cost and management Accountant
  4. Bachelors of Business Administration
  5. Bachelors of Commerce
  6. Bachelors of Accounting and Finance
  7. Bachelor of Computer Application 

Classes 11 and 12 are crucial for children, and moving from school to professional preparation after the 12th grade can be difficult. That being said, the best time to begin considering your career is just after the tenth grade. So let’s get started by studying the commerce stream.

Commerce Stream and its Subjects?

The commerce stream is a field that is related to business, economy, trade, and finance. Thus, in commerce classes 11–12, the primary disciplines you will study are accountancy, business studies, and economics. If you decide to take mathematics in class eleven, even though it is an elective, it will become equally important as the core subjects. There are other business electives after tenth grade, such as EP, IP, and PE.

1. Accountancy

Accounting is the measurement, processing, and dissemination of a company’s critical financial data. It also entails calculating and investigating the financial transactions that a company undertakes.

Chapters on business and non-profit organizations, including companies, partnerships, and dissolution, are covered in accounting lessons for grades 11 and 12. Essentially, it teaches students how to input financial transactions into the books of accounts of a company.

2. Business Studies

This topic is important because new technology has led to the emergence of new business practices. Frameworks, conventional and contemporary methods, and other business-related subjects are covered in this course. It essentially covers topics like business environments, consumer protection, organizational management, and financial markets.

3. Economics

Because it provides a thorough understanding of how the economy operates on both domestic and international markets, economics is an intriguing subject to study. The study of economics includes topics related to the national revenue and gross domestic product of a nation. It additionally enhances students’ understanding of annual budgets and their role in the Indian economy.

Also Read : https://amitbachhawat.com/ca-course-fees-in-india-for-foundation-intermediate-and-final-2023/

Other Subjects in the Commerce Stream

In addition to the subjects listed above, you will also study the following topics in Commerce Class 11:

  • English 
  • Mathematics
  • Information Practices
  • Psychology
  • Home Science 
  • Computer Science
  • Physical Education
  • Fine Arts

Why choose Commerce after the 10th?

One of the most profitable career routes after tenth grade is in business. You will have a tonne of options for commerce degrees after the 10th grade, all of which lead to fulfilling careers.

In a few years, any position in the commerce stream can offer you financial security, stability, and advancement. You can also work in the public or private sectors, run your own business, or launch a new venture. Commerce courses have a plethora of opportunities.

List of Commerce Courses After 10th

The courses in the commerce stream that you can sign up for after the tenth are listed here. After careful consideration, the courses that are described below are the best choices for students studying commerce.

1. Chartered Accountancy Course

One of the best professional courses after the tenth grade in the commerce stream is CA. With a focus on commercial accounting, the CA program prepares you to handle a range of responsibilities. A CA’s starting salary ranges from 7-8 lakhs annually. It is one of the most prestigious professions in the country. The duration of the CA course is seven years after the tenth grade (two years for the eleventh and twelveth grades).

Eligibility: After completing the tenth lesson, students may register provisionally for the CA course. On the other hand, you can take the CA Foundation exam following your completion of the board exams for the 12th grade.

Students can enroll in the Amit Bachhawat Training Forum to receive test preparation assistance. Amit Bachhawat Training Forum is the best CA institution; in the exams, hundreds of students received All India Ranks.

2. Company Secretary

The CS program, which is comparable to the CA Course and covers subjects including taxation, securities and exchanges, governance, and taxes, is available to students majoring in commerce. The student who would like to join the CS Course has to undertake three steps to pursue the Company Secretaries Course i.e.

3. Cost and Management Accountant

Class 10 students gain from the CMA course since it prepares them for careers in both accounting and management. If you are equally interested in both of these streams, CMA is the best option. In this instance, you also need to pass the Foundation, Intermediate, and Final exam levels. Three years are dedicated to the CMA Course.

Eligibility: Students with a 12th pass may register for the CMA course.

4. Bachelors of Business Administration

BBA courses offer a wide range of topics related to management. After the tenth grade, it’s a popular business course for pupils who don’t study mathematics. BBA courses include both a general course and specializations. If you have decided on a specific management career path, choose a BBA specialization course after the tenth. If not, you ought to apply to the regular BBA program.

Eligibility: A minimum of 12 years old is required for entrance to the BBA program. The applicant’s Class 12 or equivalent exam grade of 40% or higher is required.

5. Bachelors of Commerce

One of the very old school curricula for students in the commerce stream after tenth grade is B.Com. It addresses every subject related to trade and business. The general and specialized courses in the B.Com program are identical to those in the BBA program. Students typically enroll in this course in addition to another. This is because it is simple to break.

Eligibility: Passing course 12 is the minimal requirement.

6. Bachelors of Accounting and Finance

Students interested in accounting and finance can enroll in BAF after tenth grade. The BAF program lasts for three years. After completing this course, you will have great knowledge about management, investment analysis, auditing, etc.

Eligibility: This degree program is open to students who have finished their 12th grade.

7. Bachelor of Computer Application

Students who appreciate computer languages, software, and applications should take this commerce course after the tenth grade. With the help of this course, you will obtain a strong foundation in computer applications. This course covers a wide range of topics, including software engineering, database administration, and several languages.

Eligibility: To enroll in this degree program, you must pass the class 12 board exams.

The best commerce courses available after the tenth grade are these. However, in the sections that follow, we have included a few more business courses you can enroll in after tenth grade.

Career Options after 10th for Commerce Students with Maths

  • BBM Course
  • BA Mathematics
  • BCom Honours
  • BA in Statistics
  • BSc Economics

Commerce Courses after 10th Without Maths

You can get enrolled in the following courses from the commerce stream if you don’t choose maths:

  • BCom
  • BBA
  • BMS
  • Bachelor in Hotel Management
  • BA English Literature

In addition to traditional degree programs, there are other professional certificates that you can pursue. Here are some possibilities if you would like to work for any of these professional qualifications.

Professional Courses after 10th Commerce

  • Chartered Accountancy
  • CMA (Cost & Management Accountant)
  • Company Secretary
  • CFA Course (Chartered Financial Analyst)
  • Engineering
  • Medical
  • Law
  • Digital Marketing

Creative Courses After 10th in Commerce

Since Commerce is a multidisciplinary degree, students can select from courses and occupations in the humanities, law, arts, and other relevant fields. The following is a list of some of the most popular courses among students who want to major in creative subjects.

  • Photography Courses
  • Mass Communication Courses
  • Fashion Designing Courses
  • Interior Designing 
  • Digital Film making Courses
  • Animation Courses

CA Foundation Course – Best Commerce Courses after 10th with Amit Bachhawat Training Forum

CA is the best commerce course available after the tenth and twelve grades. If you also desire to become a chartered accountant, you can provisionally register for the CA Course after the 10th.

If students would like coaching for the CA Foundation, they can sign up for the Amit Bachhawat Classes. At Amit Bachhawat Training Forum, you can finish your education for grades 11 and 12 while also preparing for the CA Foundation. So that you won’t have to worry, we’ll help you find a balance between your schedule and your academics.

Amit Bachhawat Training Forum prioritizes three important components: training, practice examinations, and one-on-one counseling. These three factors will help you prepare for the CA tests in their entirety. We will also help you study more efficiently, understand the content more readily, and get better with repeated practice tests.

You too may be one of the students who breaks records and receives education fromAmit Bachhawat Training Forum.

Conclusion

You ought to know by now which Commerce courses are the greatest after the eleventh class. When selecting a course, think about what fields of commerce interest you beyond the tenth grade and what will lead to a reliable career and a comfortable living. 

This suggests that the CA degree is a fantastic option for those pursuing a career in business. If you wish to study CA or CMA courses, we at Amit Bachhawat ,provide the best coaching packages.

FAQs

Q1. Is commerce stream a good choice after the 10th?

Indeed, after the10th, the best stream is commerce. Numerous lucrative employment choices are available in the Commerce stream.

Q2. Which is the best commerce course after the 10th?

Chartered Accountancy after 10th is the best course for commerce students.

Q3. Are diploma or short-term courses good for commerce students after the 10th?

Yes. After the 10th, short-term courses are indeed beneficial. However, you must be picking up useful skills. But we would advise you to take a degree course as well.

Q4. Which course offers the highest salary in commerce after the 10th?

Yes. CA is the greatest option, as we have stated. It’s because obtaining a CA opens up high-earning prospects for you.

Q5. What jobs can you do after choosing commerce?

Studying commerce stream courses, you can do jobs like Chartered Accountant, Company Secretary, Investment Banker, Chief Financial Officer, Economist, Manager, etc.

ca foundation exams
06 Nov
Blog

Study Tips for the CA Foundation Exams for Dec 2023 Exams

The Chartered Accountancy Foundation examinations, sometimes known as the CA Foundation exams, are the first step toward becoming a Chartered Accountant. The CA career is the best and most lucrative way to get into the finance and accounting fields. The CA Foundation test date 2023 for the December attempt is now available, with the exam running from December 31, 2023 to January 6, 2024.

If you are a CA aspirant wanting to take the CA Foundation test, this post will highlight all of the relevant elements, such as important dates, the application process, the CA Foundation exam pattern, and a few critical recommendations to help you prepare better for the exam.

CA Foundation Exam Details

Particulars Details
Name of Exam CA Foundation
Governing ICAI
Number of Subjects Four
Subjects Principles and Practice of Accounting

Business Laws and Business Correspondence and Reporting Business

Business Mathematcis and Logical Reasoning & Statistics Business

Economics and Business and Commercial Knowledge
Preparation Period 4 Months
Eligibility Criteria Appeared or Completed Class 12th
Passing Criteria Each Subject – 40%

Aggregate – 50%
Mode of Exam Offline
Exam Pattern Subjective and Objective
Last Date of Registration For Nov/Dec 2023 Attempt, 1 July 2023
Exam form Fill-Up Date Aug 2 to Aug 23, 2023
Exam Dates Dec 31, 2023 to Jan 06, 2023
Exam Frequency 2 Times in a year
Results February

 

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CA Foundation Exam Result 2023

Here is a step-by-step guide to downloading the CA Foundation Result:
www.icai.nic.in  is the website for the ICAI test.

Select “Foundation: June 2023”, enter your Roll Number with PIN or registration number as asked, and click “Submit.” 

Enter the Captcha code provided and answer any security questions before clicking “Submit” or “Check Result.”

Your CA Foundation findings will now be displayed in a separate window. You can save the results for later use. 

CA Foundation Exam 2023 Eligibility Criteria

The eligibility requirements for CA Foundation Nov 2023 registration are as follows:
Students must have passed or sat in the 12th examinations established by law or administered by a Central Government-recognized examination board. 

They must also finish their registration by July 1, 2023, in order to sit for the December 2023 CA Foundation examinations.

They must study for four months before sitting for the CA Foundation tests.

In addition, students must register with the Board of Studies (BoS). 

Students who have passed their 10th class examinations can also apply for provisional registration with the ICAI; instead of submitting their 12th Marksheet, they only need to submit a scanned copy of their admit card. Students who are awaiting exam results can also use the Provisional Registration.

CA Foundation Exam Application Process

To sit for the CA Foundation Exams, you must first complete the CA Foundation exam registration process. Here’s how it works:

  • Visit the ICAI website at icaiexam.icai.org.
  • Next, provide the required information and click Generate OTP to generate an OTP. As a result, you will receive the OTP immediately to your registered mobile number or email address. 
  • So, enter this OTP to complete validation; you’ll then receive your login credentials via Email/SMS.
  • Once your credentials have been accepted, use them to access the ICAI website and select Student Cycle from the left-hand menu.
  • Selecting ‘Apply for Foundation’ will bring you to a form with some fields pre-filled for you. Complete all remaining details before clicking ‘Save and Next’ to submit documents in digital format. Don’t forget to include your photo and signature.
  • After you have completed all of your information and documentation, you must pay the CA Foundation registration fees. 
  • So the next step is to take a printout of the registration form. Then, attach the relevant documents and mail them to the ICAI’s postal address. 

Documents Required For CA Foundation Registration

For completing the CA Foundation exams Registration, you need to keep a scanned copy of the following documents ready. So these are:

  • Recent Color Photograph
  • Copy of Class 10 & 12 Admit Card/Marksheet 
  • Proof of Identity 
  • If foreign, proof of Nationality

CA Foundation Exam Pattern

To do well in the CA Foundation examinations, you need be familiar with the exam design, marking method, time limit, and sort of questions asked. 
Here is the detailed CA Foundation exam pattern:

Particulars Details
Mode of Exam Offline, Paper-based
Exam Duration Paper 1 and 2 – 3 Hours

Paper 3 and 4 – 2 Hours
Question Type Asked Paper 1 and 2 – Subjective Type

Paper 3 and 4 – Objective Type
Marks Per Subjects 100 Marks
Total Marks 400 Marks
Marking Scheme No Negative Marking for the Subjective paper (1 and 2).

Negaitve Marking of 1/4 Mark (for wrong answers) for objecctive papers (3 and 4).
Medium of Exam English/Hindi except for Section (b) of Paper 2 (English only)

CA Foundation Exam 2023 Preparation Tips

1. Focus on Conceptual Understanding

The CA Foundation examinations require more than just memorizing concepts; they require an in-depth understanding of principles and their practical applications. As you study for tests like this one, take the time to completely understand accounting, law, and economic fundamentals. If a concept is difficult for you to grasp, don’t be afraid to seek clarification from teachers, mentors, or fellow students if necessary – having a strong conceptual foundation will serve you well both now and later on your journey to becoming a chartered accountant!

2. Practice and Mock Tests

Practice is essential for passing the CA Foundation examinations. As you study for them, spend a large amount of time solving practice problems, previous year papers, and mock examinations. This will acquaint you with the exam format while improving your time management skills, analyze mock test performances to find strengths and shortcomings so that you may alter your study plan accordingly, and boost your confidence while decreasing exam anxiety.

3. Stay Up-to-Date With Current Affairs

The CA Foundation examinations demand you to pass a paper on Business Economics and Commercial Knowledge, which needs you to stay current on current events and business news. Reading newspapers, financial journals, and online publications on a daily basis is a fantastic method to stay educated about pertinent issues, as is being aware of significant economic events, company developments, and government regulations that affect them all. Being conscious of your surroundings will not only help you perform better in this paper, but it will also broaden your entire understanding.

4. Maintain a Healthy Lifestyle

Last but not least, don’t forget your physical and emotional health when studying for the CA Foundation exam. Long periods of study can be harmful to your health and concentration; to stay focused and productive for as long as possible, make sure you get adequate sleep, eat a balanced diet, and indulge in regular physical activity.

Make time in your study routine for short mental breaks. You can also utilize relaxation techniques such as meditation or yoga to successfully manage stress and maintain focus. Maintaining physical and mental health will help you maintain concentration and productivity throughout your preparation journey!

Frequently Asked Questions :

Q1. What is the date of the CA Foundation exam 2023?

 The CA Foundation exam date is December 31, 2023. January 2, 4, 6, 2024.

Q2. Are CA Foundation exams conducted twice a year?

 Yes, CA Foundation exams are conducted twice a year.

Q3. What is the last date for the CA Foundation exam from Dec 2023?

The last date for CA Foundation exam registration is July 1, 2023.

23 Oct
Blog

CA Foundation New Syllabus 2024

The Institute of Chartered Accountants of India (ICAI) issued the CA Foundation New Syllabus 2024 on July 1, 2023 as a component of the new system of education and training. The new additions and modifications to the CA Foundation 2024 syllabus must be taken into consideration by candidates who intend to take the exam. The official ICAI website, icai.org, has the syllabus for the new program, CA Foundation, available there. The first CA Foundation exam to be held under the new ICAI program will take place in June 2024, whereas the final CA Foundation exam to be held under the current program utilizing the out-of-date CA Foundation material will be held in December 2023.

The revised CA Foundation test syllabus should be noted by interested applicants, who should then create a preparation plan in accordance with it. To discover more about the CA Foundation’s new curriculum, which is being implemented under the ICAI’s new structure and covers all the subjects and key concepts, read the entire article.

CA Foundation New Syllabus Papers 2024

In the new syllabus of CA Foundation, under the new ICAI scheme, the following papers have been included :

Sl. No Paper Name Marks Type of Questions
Paper 1 Accounting 100 Marks Objective
Paper 2 Business Laws 100 Marks Objective
Paper 3 Quantitative Aptitude:

Part A: Business Mathematics

Part B: Logical Reasoning

Part C: Statistics

 100 Marks

Part A: 40 Marks

Part B: 20 Marks

Part C: 40 Marks

 Subjective
Paper 4 Business Economics 100 Marks Subjective

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CA Foundation Syllabus Under New Scheme 2024

The table below provides the exact ICAI CA Foundation curriculum for each of the aforementioned papers in accordance with the most recent format. The specifics include both the fundamental ideas for each CA Foundation discipline as well.

 

Objective: To get a basic understanding of accounting’s concepts and principles and put that knowledge to use when creating financial statements and solving straightforward problems.
Topics Sub Topics
Theoretical Framework

 

  • Meaning and Scope of Accounting.
  • Accounting concepts, principles and conventions.
  • Capital and revenue expenditure, capital and revenue receipts,contingent assets and contingent liabilities.
  • Accounting Policies.
  • Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.

 
Accounting Process

  • Recording accounting transactions: principles of double entrybook-keeping, books of original entry-journal,subsidiary books,cash book, ledger-format,posting from journals and subsidiary books,balancing accounts.
  • Preparation Of Trial Balance.
  • Rectification Of Errors
Bank Reconciliation Statement Introduction, reasons and preparation of bank reconciliation statement
Inventories Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system
Depreciation and Amortisation

 

 Meaning and distinctions between tangible and intangible assets, as well as concepts, computation methods, and accounting treatment of amortisation and depreciation, as well as changes to the depreciation method
Bills of Exchange and Promissory Notes Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills.
Preparation of Final accounts of Sole Proprietors Elements of financial statements, closing adjustment entries, trading account,profit and loss account and balance sheet of manufacturing and non- manufacturing entities
Financial Statements of Not-for-Profit Organizations Difference between the profit and loss account and the income and expenditure account, as well as the significance and production of the receipt and payment account, income and expenditure account, and balance sheet
Accounts from Incomplete Records (excluding preparation of accounts based on ratios). –
Partnership And LLP Accounts

  • Final accounts of partnership firms and LLP.
  • Admission, retirement and death of a partner including treatment of goodwill.
  • Dissolution of partnership firms and LLPs including piecemeal distribution of assets
Company Accounts

 

  • Definition Of Shares And Debentures.

 

  • Issue Shares And Debentures,forfeiture of shares,reissue of forfeited shares.

 

  • Redemption of preference shares and debentures(excluding purchase and redemption of own debentures sinking fund method).

 

  • Accounting For Bonus Issue And Right Issue.

Paper 2: Business Laws

Objective: to obtain general legal knowledge of the law of contracts, sales, and a comprehension of different company structures and how they operate in order to control the business environment, as well as the capacity to address simple application-oriented problems.
Topics Sub Topics
Indian Regulatory Framework Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.
The Indian Contract Act, 1872 General Terms of the Contract, the Consideration, and Additional Requirements for a Binding AgreementContract of Indemnity and Guarantee, Performance Contract, Breach of Contract, Conditional and Quasi-Contract, Contract of Agency, Contract of Bailment and Pledge
The Sale of Goods Act, 1930 Formation of the contract of sale, Conditions and Warranties,Transfer of ownership and Delivery of goods,Unpaid seller and his rights.
The Indian Partnership Act, 1932 General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm
The Limited Liability Partnership Act, 2008 Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation and Differences with other forms of organisations
The Companies Act, 2013 Essential features of company, Corporate veil theory, Classes of companies,Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management
The Negotiable Instruments Act, 1881 Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation

PAPER 3: QUANTITATIVE APTITUDE

Objective:

students become familiar with fundamental statistical and quantitative concepts and apply them to situations in business, finance, and economics to improve your ability to reason logically.

 
Topics Sub Topics
Part A: Business Mathematics
Ratio and proportion, Indices and Logarithms Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and AntiLogarithms
Equations Linear Equations Upto Three Variables, Quadratic and Cubic equations in one variable. Applications in Business Related Problems.
Linear Inequalities Linear Inequalities in one and two variables and the solution space
Mathematics of Finance

  • ◦ Simple Interest
  • ◦ Compound Interest
  • ◦ Nominal and Effective Rate of Interest
  • ◦ Present Value
  • ◦ Net Present Value
  • ◦ Future Value
  • ◦ Perpetuity
  • ◦ Annuities
  • ◦ SinkingFunds
  • ◦ Calculating EMI
  • Calculations of Returns:Nominal and Effective rate of Return
  • Compound Annual Growth Rate(CAGR)
Permutations and Combinations Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results
Sequence and Series Introduction Sequences, Series, Arithmetic and Geometric progression,RelationshipbetweenAMandGMandSumofntermsofspecialseriesand BusinessApplications
Sets, Relations, and Functions. Basics of Limits and Continuity Functions
Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications)
Part B: Logical Reasoning Number series coding and Decoding and odd man out, Direction Tests, Seating Arrangements, Blood Relations
Part C: Statistics
Statistical Representation of Data Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution–Histogram, Frequency Polygon, Ogive, Pie-chart
Sampling Basic principles of sampling theory, comparison between sample survey and complete enumeration, some important terms associated sampling type of sampling,sampling and non-sampling errors.
Measures of Central tendency and Dispersion Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Coefficient of Variation, Coefficient of Quartile Deviation
Probability Independent and dependent events;mutually exclusive events.Total and Compound Probability and Bayes Theorem
Theoretical Distributions Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions:Binomial Distribution, Poisson distribution–basic application and Normal Distribution–basic applications
Correlation and Regression Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations,Regression coefficients
Index Numbers Uses of Index Numbers, Problems involved in construction Index Numbers,Methods of construction of Index Numbers.BSE SENSEX NSE

Paper 4: Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for addressing application-oriented issues
Topics Sub Topics
Introduction to Business Economics Meaning and scope of Business Economics.

Basic Problems of an Economy and Role of Price Mechanism
Theory of Demand and Supply

  • Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.
  • Theory of Consumer’s Behaviour –Indifference Curve approach.
  • Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency
Theory of Production and Cost

  • Meaning and Factors of Production, Short Run and Long Run.
  • Law of Production–The Law of Variable Proportions and Laws of Returns to Scale,Producer’s Equilibrium.
  • Concepts of Costs – Short-run and long-run costs, Average and Marginal Costs, Total, Fixed andVariable Costs
Price Determination in Different Markets

  • Market Structures: Perfect Competition, Monopoly and Monopolistic Competition.Using Game Theory to study Oligopoly.
  • Price Determination in these Markets.
  • Price- Output Determination under different Market Forms
Determination of National Income

  • Macro Economic Aggregates and Measurement of National Income
  • Determination of National Income: Keynes’ Two Sector Basic Model,Three Sectors and Four Sectors Models
Business Cycles Meaning, Phases, Features, Causes behind these Cycles
Public Finance

  • Fiscal functions:AnOverview, Centre and StateFinance.
  • MarketFailure/Government Intervention To Correct Market failure.
  • Process of budget making: Sources of Revenue, Expenditure Management, and management of Public Debt.
  • FiscalPolicy
Money Market

  • Concept of Money Demand
  • Important theories of Demand for Money
  • Concept of Money Supply, Cryptocurrency Another New Terminology
  • Monetary Policy
International Trade

  • Theories of International Trade including theories of intra-industry trade Krugman.
  • TradePolicy–TheInstrumentsofTradePolicy.
  • TradeNegotiations.
  • ExchangeRatesanditseconomiceffects.
  • International Capital Movements: Foreign Direct Investment
Indian Economy

  • Before 1950- Chanakya and Nand Vansh
  • OECD Paper (1950-1991),
  • Basic knowledge 1991 Onwards

Requirements for Clearing CA Foundation Examination 2024

If a candidate receives at least a 40% on each paper and a 50% on the sum of all the papers in one sitting, they are deemed to have passed the Foundation exam. Unbiased in character, Negative marks will be assigned to Papers 1 and 2; further notification will be given. The papers 3 and 4 are of a subjective nature.

How to Prepare for the New CA Foundation Syllabus 2024 advice

The following advice will help you get started on your CA Foundation exam preparation:

Understand the syllabus: possess a thorough knowledge of the CA Foundation curriculum. Even though there are the same number of papers, one should conduct more research to see if any of the curriculum’s mentioned themes have been added to or removed.

Start Early: Now that the CA foundation test syllabus is available to the public, candidates should begin their preparations. If you get going early, you’ll have plenty of time to review and practice later.

Consult the Right Books and Study Guides: The ICAI website contains study guides for the CA foundation. Candidates can consult it as they prepare for the CA. Reading credible literature is another effective way for candidates to get ready for the CA Foundation exam.

Mock Test: Use realistic-looking practice tests to boost performance on test day. On the ICAI website, candidates can also attempt to pass practice exams for the CA Foundation.

Frequently Asked Questions

When was the New Syllabus of CA Foundation Released?

On July 1st 2023, ICAI issued the revised syllabus.

When is the first CA Foundation Exam under the ICAI New Scheme for Education & Training?

The first CA Foundation test will be administered in June 2024 in accordance with the updated ICAI education and training plan.

How many Papers are there in the Foundation New Syllabus?

The updated syllabus for the CA Foundation course includes 4 papers.

How many Marks is each of the Papers in the CA Foundation Exam?

 Each paper in the CA foundation exam has 100 points.

20 Oct
Blog

CA Course Fees in India for Foundation, Intermediate and Final 2023

Introduction:

Chartered Accountancy (CA) is a prestigious career choice, particularly for commerce students in India. Aspiring CAs undergo a rigorous journey that includes three key stages – Foundation, Intermediate, and Final exams. Beyond the academic challenges, understanding the financial investment required is crucial for anyone considering this path. In this blog, we will delve into the detailed breakdown of CA course fees in India for the year 2023.

Total Fees for CA Course for Foundation, Intermediate & Final 2023:

The CA course is a five-year commitment for those who successfully clear all exams on the first attempt. The total fees for the CA course range from 2 to 3 lakhs, covering registration, exam forms, articleship, and tuition fees at all levels.

CA Foundation Course Fees:

1.CA Foundation Course Fee:

  • The total CA Foundation course fees amount to Rs. 11,300, covering various components such as registration, exam forms, and additional charges.

2.CA Foundation Registration Fees:

  • The CA Foundation registration fee is Rs. 9,000, which includes the cost of the prospectus, student’s journal, and member’s journal.

3.CA Foundation Journal Membership Fees:

  • Students can opt for journal memberships at Rs. 200 (optional), providing valuable content related to the CA Foundation course.

4.CA Foundation Exam Form Fees 2023:

  • The CA Foundation exam form fee is Rs. 1,500 for Indian students, with an additional late fee of Rs. 600 for delayed submissions.

5.CA Foundation Fees for Re-appearing Students:

  • Re-appearing students are required to pay only the exam fee for subsequent attempts, not the registration fee.

6.Important Update regarding CA Foundation Registration:

  • It is crucial to register for the CA Foundation Nov 2023 exam before the deadline, with provisional registration available until 12th-grade results are declared.

CA Intermediate Course Fee Structure:

1.CA Intermediate Course Fee:

  • The CA Intermediate course fees vary based on the number of groups. Both groups cost Rs. 20,700, and a single group costs Rs. 14,500.

2.CA Intermediate Registration Fee:

  • Registration fees for a single group amount to Rs. 11,000 and for both groups, it is Rs. 15,000.

3.CA Intermediate Exam Form Fee:

  • The CA Intermediate exam form fees are Rs. 2,700 for both groups and Rs. 1,500 for a single group, with additional charges for late submissions.

4.Journal Fee for Intermediate Level:

Direct entry students must pay Rs. 200 for the journal fee.

5.Student’s Activity Fees for CA Intermediate:

  • An activity fee of Rs. 2,000 is applicable for access to seminars and workshops conducted by ICAI.

6.ICITSS Fees at the CA Intermediate Level:

  • ICITSS training before articleship involves fees of Rs. 6,500 for the Information Technology Program and Rs. 7,000 for the Orientation Program.

CA Final Course Fee Structure:

1.CA Final Course Fee:

  • The total CA Final course fee is Rs. 39,800 for both groups and Rs. 38,300 for a single group.

2.CA Final Registration Fees:

Registration fees for the CA Final exam are Rs. 22,000.

3.CA Final Exam Form:

Exam form fees for both groups are Rs. 3,300, and for a single group, it is Rs. 1,800.

4.AICITSS Fees at the Final Level:

Candidates must complete AICITSS during their last two years of Articleship, with fees of Rs. 7,500 for the Advanced Information Technology Program and Rs. 7,000 for the Management and Communication Skills.

Conclusion:

Embarking on the journey to become a Chartered Accountant is both intellectually challenging and financially demanding. Understanding the detailed fee structures for each stage is essential for prospective CA candidates. Whether you are at the Foundation, Intermediate, or Final level, careful planning and financial preparation are key to navigating the CA course successfully.  Join Amit Bachhawat Training Forum for CA CS CMA coaching classes.

13 Oct
Blog

Top 10 CA Firms in India for Aspiring Chartered Accountants

Introduction:

Embarking on the journey to become a Chartered Accountant (CA) in India is a significant and transformative step. The choice of the right firm is pivotal for a prosperous career. In this blog, we’ll delve into the top 10 CA firms in India, offering aspiring CAs profound insights into the dynamic world of finance and accounting.

List of Top 10 CA Firms in India (2023):

  • Deloitte India:

Deloitte India, a distinguished subsidiary of Deloitte Touche Tohmatsu Ltd., proudly holds the title of being the largest among the big four CA firms in India. This accounting giant stands as a beacon of excellence, offering a comprehensive range of services that go beyond traditional realms, including audit, tax, advisory, and more.

Deloitte’s commitment to fostering a thriving career trajectory for its employees is evident in its multifaceted service portfolio. The firm not only ensures that its professionals are well-versed in the intricacies of auditing and taxation but also provides avenues for advisory services, catering to a diverse array of client needs. One of Deloitte’s key strengths lies in its expansive global presence. With a workforce exceeding 200,000 professionals globally, Deloitte has cemented itself as an undisputed leader in the CA industry.

  • PwC India: 

Price Waterhouse Coopers (PwC India) stands as a mission-driven firm, deeply committed to delivering excellence in tax and advisory services. Positioned as a stalwart among the big four CA firms in India, PwC India is more than just an accounting entity; it’s a hub where missions are embraced and excellence is the norm.

What sets PwC India apart is not just its local prominence but its colossal global footprint. With a network that spans 157 countries and a workforce exceeding an impressive 280,000 professionals, PwC India is a global force in the world of chartered accountancy. This expansive reach translates into extensive opportunities for career growth for professionals who aspire to make a mark on the global stage.

  • Ernst & Young India: 

Ernst & Young (EY) India, a significant player among the big four CA audit firms in the nation, stands as a dynamic force in the realm of chartered accountancy. What sets EY India apart is not just its local influence but its global affiliation as a proud member of Ernst & Young Global Ltd.

EY India offers a spectrum of services that go beyond traditional boundaries. From transaction advisory to assurance, advisory, and tax services, EY India provides a comprehensive platform for professionals to hone their skills across various facets of finance and accounting. This multifaceted approach ensures that aspiring Chartered Accountants not only gain expertise in their core areas but also explore diverse dimensions within the financial landscape.

  • KPMG India: 

KPMG India, an integral part of the Big 4 auditors, is not just a firm; it’s a comprehensive ecosystem offering a spectrum of services that transcend traditional boundaries. From financial services to business advisory, tax-related regulatory services, and risk advisory, KPMG India stands as a dynamic force in the world of chartered accountancy.

The strength of KPMG India lies not only in its local influence but its global connectivity. With a global headquarters nestled in the Netherlands, KPMG India is part of a vast network that spans the globe. This global presence transforms it into a powerhouse, providing varied opportunities for professional growth for aspiring Chartered Accountants.

  • BDO India:

BDO India, tracing its roots back to the esteemed Binder Seidman International Group, stands as a prominent CA firm celebrated for more than its financial acumen—it’s celebrated for its unwavering professional attitude. In the intricate world of chartered accountancy, where precision and professionalism are paramount, BDO India emerges as a dynamic force.

What sets BDO India apart is not just its local prominence but its international acclaim. With a legacy linked to the Binder Seidman International Group, BDO India inherits a tradition of excellence that transcends borders. This global connection positions BDO India as an entity that understands not only local financial landscapes but also navigates the complexities of international business environments.

  • Grant Thornton International: 

Grant Thornton India isn’t just a firm; it’s a strategic player positioning itself as a growing force in the accountancy realm. With a targeted focus on tax, advisory, and independent assurance services, Grant Thornton India creates a dynamic environment for aspiring Chartered Accountants seeking to grow their careers.

What makes Grant Thornton India stand out is its strategic approach to the complex world of finance. It’s not merely about crunching numbers; it’s about navigating the intricate landscapes of tax regulations, providing strategic advisory services, and ensuring independent assurance that instills confidence in clients.

  • RSM India:

RSM India, a trailblazer in the realm of taxation services, proudly holds the title of the 7th largest network in professional services. What sets RSM India apart is not just its size but its commitment to excellence, making it an excellent choice for aspiring Chartered Accountants seeking a fulfilling and dynamic career.

In the intricate landscape of taxation services, RSM India emerges as a leader, providing a comprehensive platform for professionals to excel. Its recognition as the 7th largest network in professional services is a testament to its influence and impact on a global scale.

  • SR Dinodia & Co. LLP: 

SR Dinodia & Co. LLP in New Delhi isn’t just an accounting firm; it’s an esteemed institution that has carved its niche in audit, tax, accounting, and consulting. What makes it stand out is not just its local influence but its global presence, offering distinctive career prospects for aspiring Chartered Accountants.

The strength of SR Dinodia & Co. LLP lies not only in its diverse service offerings but in its expansive global network. With over 170 alliance partners spread across the globe, the firm becomes a hub where local expertise meets global perspectives. This global presence positions it as an attractive option for those seeking a well-rounded professional journey

  • Lodha & Co.: 

Lodha & Co. stands as a beacon of excellence, garnering international acclaim for its profound expertise in accounting and taxation services. This isn’t just a firm; it’s an institution that has etched its name on the global stage, attracting aspiring Chartered Accountants with its reputation for excellence.

What sets Lodha & Co. apart is not just its local presence but its strategic positioning in key cities. With branch offices strategically located, it ensures that its professional services reach corporate clients in various economic hubs. This strategic placement creates a dynamic environment, providing abundant opportunities for career building for professionals who seek to thrive in diverse financial landscapes.

  • Luthra & Luthra India: 

Luthra & Luthra in India is not just a firm; it’s a premier professional services accountancy institution that stands as a frontline runner in the industry. Offering a diverse range of services in audit, advisory, taxation, and corporate law, it becomes a haven for young aspiring Chartered Accountants seeking a platform for a successful career.

What defines Luthra & Luthra is not just its service offerings but its commitment to imaginative accountancy solutions. In the dynamic landscape of finance and corporate law, where creativity meets precision, Luthra & Luthra provides a space where professionals can innovate, solve complex challenges, and contribute to the growth of their clients.

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Qualification for Applying:

To apply to these leading CA firms in India, candidates should meet specific qualifications:

  1. Cleared CA exams in 1 or 2 attempts.
  2. Attained an all-India rank in the CA Final exams.
  3. Demonstrated substantial Articleship experience in a CA firm.
  4. Possessed not just strong but exemplary communication skills and a positive personality.
  5. Acquired a comprehensive and in-depth knowledge in the field.

Conclusion :

Choosing the right CA firm is a pivotal decision for aspiring CAs. These top 10 firms in India offer a blend of professional growth, diverse services, and a conducive working environment, making them ideal choices for building a successful career in chartered accountancy.

FAQ’s :

1.Which company is the best for CA jobs in India?

Ans: The best firms for a CA job in India are Deloitte India, PwC, E&Y, KPMG, BDO India, Grant Thornton, and more.

2.Who is No 1 CA in India?

Ans: In India, becoming a Chartered Accountant (CA) can lead to employment in accounting, auditing, taxation, and financial management. Despite the fact that numerous Indian CAs have made tremendous progress in their various sectors, Kumar Mangalam Birla is unquestionably the richest CA in India.

3.What is the highest salary of a Chartered Accountant in India?

Ans: The average yearly pay for chartered accountants in India is 9.6 lakhs, with salaries ranging from 2.0 lakhs to 15.0 lakhs. Salary projections are based on Chartered Accountants’ most recent wages of $11.2k.

job opportunities for ca
11 Oct
Blog

Job Opportunities for CA Aspirants | Career Options After CA

Introduction

Embarking on the journey to become a Chartered Accountant (CA) is a significant step towards a dynamic and rewarding career. The world of finance and business awaits those who successfully navigate the rigorous process of qualifying as a CA. In this blog, we’ll explore the requirements, essential skills, and the plethora of career opportunities that unfold for CA aspirants after completing their journey.

Requirements to Become a Chartered Accountant

Level 1: Foundation The initial step in the CA journey is the Foundation level. It serves as a standard proficiency test and is a four-month course. The eligibility criterion is a 10+2 in any stream. Subjects offered in the commerce stream in class 11 align perfectly with CA aspirants.

Level 2: Intermediate The Intermediate level is a three-year course. Eligibility criteria include graduating with 55% marks in the commerce stream or 60% marks in other streams or clearing the CA foundation exam. There are two groups of exams for the intermediate level, and aspirants need to pass both.

Level 3: Final The Final level is a two-year course. To apply for this level, one must pass level 2 and complete two and a half years of articleship. After course completion and articleship, clearing the CA final exam marks the culmination of the journey to become a CA.

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Skills Required for Chartered Accountant

1.Market Awareness : CA aspirants must stay aware and updated on the latest tax laws and regulations. This knowledge is crucial for providing services to clients accurately and effectively. Awareness of trends and developments in the investment and finance industry is essential for providing valuable advice.

2.Analytical Skills: As a CA, the ability to logically and accurately evaluate numbers daily is paramount. An analytical mindset helps in assessing critical details, data, information, and numbers, enabling better financial judgment.

3.Attention to Details: CAs deal with numbers, making attention to detail crucial when formulating complex calculations and filing tax returns. Precision is essential to avoid errors and identify any inaccuracies.

4.Ethics: Integrity is a core value for a CA. Being trustworthy, loyal, and honest is not just a duty but a fundamental requirement. Maintaining work ethics is vital for gaining trust and establishing oneself as a reliable CA.

Career Opportunities for CA

1.Finance Manager Finance: Managers develop and monitor department budgets, providing assistance in setting the organisation’s future budget through financial forecasting. Analytical skills and proficiency in Microsoft Office suite are key for this role.

2.Tax Manager: Tax Managers manage all tax reports and ensure the firm complies with local, state, and federal laws. They strategize to minimize a company’s tax liabilities within legal bounds and play a crucial role in improving the company’s tax processes.

3.Auditing Auditors: Review a company’s financial activities, preparing financial reports, and providing advice on how to save money. It’s one of the most sought-after career opportunities for CA final students.

4.Certified Public Accountant (CPA): Considered one of the highest competencies in the accounts industry, becoming a CPA involves studying US Generally Accepted Accounting Principles (GAAP), Generally Accepted Accounting Standards (GAAS), IFRS (International Financial Reporting Standards), and US federal taxation and business laws.

5.Company Secretary Company: Secretaries handle an organization’s legal and accounting matters, authorized to perform secretarial audits. It’s considered an excellent career option for CA final dropouts.

6.Investment Banker: A prominent career opportunity for CAs interested in the stock market and forex. Working with foreign banks provides better growth exposure and global clients.

7.Entrepreneur: Choosing to be an entrepreneur is an excellent option for CA freshers, offering opportunities for diversification and long-term career expansion.

Conclusion

Whether you have just graduated or are exploring new career paths, the CA profession opens up various high-income opportunities. From starting your firm to advising on financial aspects in diverse sectors, a CA’s journey is filled with possibilities. As you venture into this dynamic field, embrace the challenges and opportunities that come your way, knowing that the world of finance and business eagerly awaits your expertise. Your CA qualification is not just a certification; it’s a passport to a world of endless possibilities.

ca classes in kolkata
29 Sep
Blog

The Best CA Classes in Kolkata – Amit Bachhawat Training Forum

Are you aspiring to become a Chartered Accountant (CA) and searching for the best CA classes in Kolkata? Look no further! Amit Bachhawat Training Forum, a beacon of excellence in the world of commerce education, offers a comprehensive learning experience that can set you on the path to success. In this blog, we’ll explore why ABTF is your best choice for CA classes in Kolkata, covering everything from syllabus details to the top faculties and unique features that make us stand out.

Introduction:

Chartered Accountancy is a prestigious profession that demands dedication, knowledge, and expert guidance. Choosing the right institute for your CA journey is crucial. Here’s why Amit Bachhawat Training Forum should be your top pick.

CA Foundation Syllabus:

The CA journey begins with the CA Foundation course, designed to provide a strong foundation in accounting, business, economics, and commercial knowledge. ABTF ensures that you are well-prepared to tackle this rigorous syllabus.

CA Foundation Online Classes in Kolkata:

We understand the importance of flexibility in today’s fast-paced world. Our CA Foundation online classes in Kolkata enable you to access world-class education from the comfort of your home, ensuring that you never miss a class.

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CA Foundation Eligibility:

Before enrolling, make sure you meet the CA Foundation eligibility criteria. We provide guidance and support to aspiring students, ensuring they meet all the prerequisites.

CA Intermediate Syllabus:

Moving forward, the CA Intermediate course delves deeper into advanced accounting, taxation, and other crucial subjects. ABTF offers comprehensive coverage of the CA Intermediate syllabus.

CA Intermediate Online Classes in Kolkata:

Our CA Intermediate online classes in Kolkata are designed to help you master complex topics, making your CA journey smoother and more efficient.

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CA Intermediate Eligibility:

Ensure you meet the eligibility criteria for CA Intermediate before enrolling. We guide you through the process, ensuring you meet all requirements.

CA Classes in Kolkata:

Kolkata has a rich tradition of producing successful CAs, and ABTF continues this legacy by providing the best CA classes in Kolkata.

Why Choose Amit Bachhawat Training Forum?

  • Whether it be Online/ Offline/ Pendrive, We Rock! ABTF offers various modes of learning to suit your preferences. Whether you prefer online, offline, or pendrive classes, we have you covered.
  • Meet The Top Faculties, They Are Your Guide Our faculty members are industry experts and renowned educators who will mentor you throughout your CA journey.
  • Doubt Solving Sessions We understand that doubts can hinder your progress. Our doubt-solving sessions ensure that you grasp every concept thoroughly.
  • Test Series Practice makes perfect. Our meticulously designed test series help you assess your progress and improve your exam-taking skills.

Conclusion:

  • Choosing the best CA classes in Kolkata is a pivotal step towards your CA dream. Amit Bachhawat Training Forum, with its commitment to quality education, experienced faculty, and innovative teaching methods, is your ideal partner on this journey. Whether you’re preparing for CA Foundation or CA Intermediate, we provide the resources and support you need to succeed. Don’t wait; join ABTF today and unlock your potential in the world of Chartered Accountancy.
ICAI New Scheme 2023
21 Sep
Blog

ICAI Proposed CA New Scheme 2023 | Latest Updates & New Syllabus

Table of Contents

  1. ICAI CA New Scheme of Education and Training 2023
  2. Latest Update on ICAI CA New Course
  3. ICAI CA New Scheme 2023 Applicability Date – Latest Update
  4. CA Foundation New Course 2023
  5. CA Foundation Passing Criteria
  6. CA Intermediate Course under New Scheme 2023
  7. CA Intermediate New Syllabus 2023
  8. CA Articleship Training
  9. ICAI Self-paced Modules
  10. CA Final Course under New Scheme of Education and Training
  11. Exit Route – Business Accounting Associate 

The ICAI has suggested a new education and training program for CAs, called the “ICAI CA New Scheme 2023.” The ICAI official notification now states that the CA New Scheme will be introduced on July 1.

According to the ICAI CA New Scheme of Education and Training, which was published in the Indian Gazette on June 22, 2023, it will take effect on July 1st, 2023. 

Visit the announcements area of the official ICAI website to see the official Notification on the ICAI CA New Scheme. The redesigned CA curriculum for 2023 combines some papers from all three levels while removing others. The new approach also shortens the CA articleship from three to only two years.

ICAI CA Course Level New Changes
CA Foundation 4 Subjects from 6 Subjects
CA Intermediate 6 Papers (3 in each Group)
CA Articleship Period Reduced from 3 to 2 years
CA Final 6 Papers (3 in each Group)

The ICAI’s planned new education and training system for 2023 will therefore be covered in detail in this article, including the most recent developments and a comparison of the old and new systems.
Watch CA RC Sharma sir’s in-depth video for a thorough explanation of each topic in the CA revised syllabus 2023.

ICAI CA New Scheme of Education and Training 2023

Let’s first take a look at how long the CA Course will be under the new structure before delving into the specifics of each course and training.

Therefore, under the new CA plan, which will take effect in May 2024, a student will need to finish 42 months of education in order to become a chartered accountant.

ICAI CA Course Level Current New Changes
CA Foundation Registration/ Appear 10 + 2 Start Start
CA Foundation Study Period 4 Months 4 Months
CA Intermediate Study Period 8 Months 8 Months
CA Articleship 36 Months 24 Months
CA Final Study Period – 6 Months
Total CA Course Duration 48 Months 42 Months
Work Experience for CoP – 12 Months

Latest Update on ICAI CA New Course

ICAI New Course Approved by Central Government

The CA New course has received approval from the Law Ministry, and starting with the May 2024 tests, the new methodology will be applied. Anupam Sharma, a CA and ICAI member, tweeted the information. The public will soon learn about it through the ICAI CA.
It is recommended that all CA students attempt to adequately plan their studies before their papers are due in May 2024. The council meeting for the CA new course has been postponed until June 15, 2023, according to a recent tweet from CA Anupam Sharma on May 26, 2023. Students won’t receive official confirmation of the new ICAI course 2023 for a while.

Beginning in July 2023, the ICAI CA course will be taught in its new format. ICAI President Aniket Talati announced the information during the press conference. In order to help CA students become globally competent, the new course will include addressing blockchain and AI.

ICAI CA New Scheme 2023 Applicability Date – Latest Update

Starting with the May 2024 attempt, the ICAI CA New Scheme 2023 will be put into effect. According to an ICAI representative, the new course will be rendered obsolete as of November 2023.
According to CA Aniket Sunil Talati, vice-president of the ICAI, the CA New Scheme 2023 will take effect in November 2023 if the MCA approves it before February 2023. The amended program will go into effect in May 2024, unless the MCA takes longer than anticipated to approve.

Important Dates

Following are the Important Dates provided by ICAI in the most recent statement on the CA New Scheme: 

Particulars Date/Attempt
Last date for Registration in Foundation under Existing Scheme 1st July 2023
Last date for Registration in Intermediate and Final Courses under Existing Scheme 30th June, 2023
Date of commencement of Registration and Conversion in Foundation Course under New Scheme 2nd August, 2023
Date of commencement of Registration and Conversion in Intermediate and Final Courses under New Scheme 1st July, 2023
First Foundation Examination under New Scheme June, 2024
First Intermediate and Final Examination under New Scheme May, 2024
Last Foundation Examination under Existing Scheme December, 2023
Last Intermediate and Final Examination under Existing Scheme November, 2023
Last date of commencement of three years of Practical Training 30th June, 2023
Date of commencement of two years uninterrupted Practical Training 1st July, 2023

CA Foundation New Course 2023

Repeating the CA Foundation course a predetermined number of times is not yet required. Therefore, students are free to try as often as they wish. The CA Foundation registration’s validity may also be extended numerous times.

Children may enroll in the planned education and training program after tenth grade, and their registration with the CA Foundation is valid for four years. Students are also not allowed to revalidate their foundation registration after those four years.

The CA Foundation will no longer have a membership cutoff date, such as January 1 or July 1. The ICAI will be able to conduct three exams year thanks to this.

CA Foundation New Syllabus 2023

Currently, the CA Foundation program offers 6 subjects and 4 examinations. The ICAI has currently removed Business Correspondence and reporting and Business and commercial Knowledge from the new curriculum.
The following is the new CA Foundation curriculum for 2023:

    • Paper – 1: Accounting (100 Marks)
    • Paper – 2: Business Laws (100 Marks)
    • Paper – 3: Quantitative Aptitude (100 Marks)
      • Business Mathematics
      • Logical Reasoning
      • Statistics
  • Paper – 4: Business Economics (100 Marks)

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CA Foundation Passing Criteria

The CA Foundation test pattern has also undergone some adjustments as a result of the ICAI. Under the new system, students must obtain 50% of the possible points to pass the CA Foundation examinations, and each incorrect MCQ answer will deduct points from their final score. Points: 25.

Current Proposed
Subjective and Objective both Subjective and Objective with negative marking (.25)

All of these changes are included in the updated CA Foundation course syllabus and training program.
You can enroll in Amit Bachhawat  CA Foundation tutoring if you want to study for the 2023 CA examinations. Every aspect of our training is built on the most recent ICAI exam format and study guides.

CA Intermediate Course under New Scheme 2023

CA Intermediate Eligibility

The prerequisites for the CA Intermediate course remain unchanged. However, those who choose the direct entry route must commit to an 8-month study time in order to take the tests.

CA Intermediate Registration Validity

Instead of having a four-year validity period, the CA Intermediate registration now has a five-year one. CA Intermediate students are only permitted to pay the necessary costs for revalidating their registration form once.

CA Intermediate Registration Validity

Instead of having a four-year validity period, the CA Intermediate registration now has a five-year one. CA Intermediate students are only permitted to pay the necessary costs for revalidating their registration form once.

CA Intermediate New Syllabus 2023

There will only be six papers in the CA Intermediate course as opposed to the previous eight. The following modifications to the CA Intermediate subjects have been suggested by the ICAI:

  • The first paper after Papers 1 and 5 were combined will be Advanced Accounting.
  • Enterprise Information Systems and Economics for Finance have been dropped from Papers 7 and 8, respectively. The remaining material is divided into two sections (each worth 50 points) for Paper 6: Financial Management and Strategic Management.
  • The Companies Act will be thoroughly covered in paper 2 of the corporate law course. At the CA Foundation level, business law will be covered.

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CA Intermediate Passing Criteria

The standards for completing the CA Intermediate exams will also alter. As a result, MCQs will make up 30% of the questions on each of the six exams. Additionally,.25 of the total grade will be subtracted for each incorrect response.

Exemption Criteria for CA Intermediate

If you are given an exemption under the new method, it will apply to all future submissions for that job. The ICAI would likely consider the exempted papers to have successfully passed for good in light of this. However, in order to receive a CA intermediate result, you must pass the following exams with a minimum score of 50%.

CA Intermediate Exam Pattern under New Scheme

Significant changes are anticipated in CA Intermediate Accounting and Auditing with the implementation of a code of conduct in CA Inter Auditing.

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

CA Articleship Training

The significant adjustments that ICAI has recommended for the CA articleship Training will be advantageous to the students.

Practical Training Time Period/Duration

The three-year length of the CA articleship was shortened by the ICAI to two years. The fact that all CA applicants can now become CAs more faster than before should make everyone extremely happy.
There is still a demand for applicants who desire to become practitioners despite the shortened CA Articleship period.
Candidates seeking chartered accounting roles must have finished a year of work experience at a company with a focus on the discipline. They will then be given a certificate for practicing.
Existing CAs will be considered to have met this requirement if they have worked one year for a CA firm during the previous five years. Those seeking for job are not subject to this restriction.

CA Articleship EligibilityCA Articleship Eligibility

According to the CA New Scheme 2023, students must successfully complete the ICITSS training as well as the CA Intermediate group exams in order to be qualified to begin the articleship training.
The change will be advantageous to the student because it frees them up to completely concentrate on the practical training without having to worry about test preparation.

CA Articleship Stipend

The inadequate salary for CA articleships that many students get is occasionally a source of complaint. According to the ICAI’s resolution, the stipend will therefore be increased by 100%.

CA Articleship Leaves

The ICAI has lowered the amount of leaves because students are not obliged to take tests during the practical training. Only 12 leaves per year, or a total of 24 over the course of two years, are permitted for students

ICAI Self-paced Modules

The ICAI has added self-paced courses to the updated education and training program. With these modules, individual study and online testing are both feasible. There are four sets total in the self-paced modules: Sets A, B, C, and D. Students must pass these 4 sets of tests in order to be qualified to take the CA Final exams. They need to earn more than 50% of the possible points in order to pass these classes.
Sets A and B, which are Economics Law and Strategic Cost Management, are the only two that must be taken. Here are a few more topics from the original CA Final course that were removed. The pupils in the other two categories are allowed to select any subjects they like. During the articleship program, students can enroll in these online self-paced courses and study for their exams while taking them.

CA Final Course under New Scheme of Education and Training

CA Final Eligibility and Registration

Students must pass both groups of the CA Intermediate exams and the ICITSS training in order to enroll in the CA Final course. But for the CA Final exams, students must:

  • The Advanced Course at ICITISS.
  • Following the conclusion of the practical training, finish the six-month study phase.
  • The four independent study modules must be completed.

The registration for the CA Final is good for ten years. After ten years, candidates can revalidate their registration for the necessary cost.

CA Final New Syllabus 2023

The ICAI has decreased the number of CA Final papers from 8 to 6 in the CA New Scheme 2023. There are now two groups, and each group will submit three papers.

Significant changes have been made to the CA Final Subjects, including:

  • The topics covered in Papers 4 and 5 won’t be included in the self-paced modules.
  • There won’t be any additional options in Paper 6.
  •  A multidisciplinary case study involving strategic management will be used to accomplish this.
  • Risk management and capital markets are now among the elective subjects in Set C of the self-paced courses.

CA Final Exam Pattern

All CA Final papers will have 30% MCQs, just like the new CA Intermediate course in 2022. Additionally, 25% of your grade will be deducted for each wrong objective response.

CA Final May 2024 Subject and New Exam Pattern

CA Intermediate Subjective Objective
Paper 1 :Final Reporting 70 Marks 30 Marks
Paper 2 :Advance Financial Management (AFM) 70 Marks 30 Marks
Paper 3 :Advance Auditing and Professional Ethics 70 Marks 70 Marks
Paper 4 :Multi- Disciplinary Case Study with Strategic Management 70 Marks 30 Marks
Paper 5 :Direct Tax Laws and International Taxation 70 Marks 30 Marks
Paper 6 :Indirect Tax Laws 35 Marks 15 Marks

The CA Final exemption regulations are identical to the CA Intermediate regulations. See this in-depth article for the most updated information on the CA Final findings.

Exit Route – Business Accounting Associate

The new CA Course 2023 will also change the exit route. The CA course is commonly abandoned by students who don’t pass the final exams.
The ICAI will now award the Business Accounting Associate credential rather than the Accounting Technician certificate. However, they must adhere to the following rules:

  • Intermediate CA passed both tests.
  • The education required for the CA Articleship has finished.
  • completed the information technology and soft skills courses.
  • completed all four of the self-paced modules.
  • For further information on the revised suggested plan, students can consult the PPT presentation and pdf created by the ICAI, which is also the source of this post.

Must Check : CA Foundation New Syllabus | CA Inter New Syllabus

Conclusion

All of this is related to the CA New Scheme of Education and Training that the ICAI recently recommended and will be implemented beginning with the May 2024 exams. Future chartered accountants will gain from the new course since it will better prepare them for global markets. Be sure to check back frequently since Amit Bachhawat will update this page with any ICAI information relating to the new CA Course Scheme

Frequently Asked Questions

What is the CA New Curriculum for 2024?

Subjects, exam dates, and skill-based module information for the CA New Curriculums will be made accessible on or after July 1st.

When will the CA New Course Scheme be implemented? Is it applicable for May 2024 exams?

The CA New Course Scheme will go into force as of 2024, per the ICAI release. The first Foundation Examination under the revised schedule will start in June 2024, although the Intermediate and Final Examinations will start in May 2024.

What are the key changes in the CA New Course Scheme 2024?

The CA New Course Scheme 2024 introduces significant adjustments to subjects, test patterns, and skill-based modules to guarantee a more extensive and appropriate curriculum for prospective chartered accountants.

How does the CA New Course Scheme affect Articleship and practical training?

With special rules for leaves and training days, the CA New Course Scheme shortens the Articleship to two years. To compare the present and suggested schemes, see the updated table below:

Articleship Current Scheme  Proposed Scheme
A. Total number of days of Training 1095 (365 x 3) 730 (365 x 2)
B. Leaves permitted 156 leaves (1095 x 1/7th Days) 24 leaves (12 per year)
C. No of Sundays (52 in a year) 156 (52 x 3) 104 (52 x 2)
D. No. of Gazetted Holidays Approx. 15 in year) 45 (15 x 3) 30 (15 x 2)
E. Paid leaves for Advance ITT and MCS 30 0 [See Note]
Effective days of Training [Total of A – (B+C+D+E)] 708 [1095 – (156 + 156 + 45 + 30)] 572 [730 – (24 + 104 + 30 + 0)]

 

Difference between the period of training under Current and Proposed Scheme = 136 days (708-572).

Note: Advanced ITT and MCS can be done after completion of Training under the Proposed Scheme.

Which subjects have been removed from the CA Final syllabus?

The CA Final New Syllabus removes Corporate & Economic Law and SCMPE, streamlining the curriculum to focus on essential topics.

Will the CA New Curriculum impact existing CA students?

The ICAI has offered a Conversion (Transition) Scheme and detailed how the New Curriculum may be applied in all conceivable circumstances.

Are there any changes in the syllabus or exam pattern?

There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Intermediate & Final Examination.

Are there any changes in the study material or reference books?

The ICAI announced the syllabus and new study materials on July 1st, 2023.

How can I prepare for the CA exams under the new curriculum?

The Transition Scheme for Students Preparing Under the Existing Scheme has undergone modification by the ICAI. You can use that as a guide to choose the term and curriculum that are best for your circumstances. Start preparing after that in accordance with your choice.

Will there be any transitional provisions or exemptions for students transitioning to the new curriculum?

The Examination Department will separately notify students of any exemptions connected to the New Curriculum.

Will the CA New Curriculum impact the duration of the CA course?

Yes. Because the practical training time that follows the CA Intermediate Exams has been reduced from three years to two, the CA Course may be shorter with the new curriculum. Exams are also available to students six months after their practical training is complete. This means that the time it takes to become a Qualified Chartered Accountant will be 6 months less than it was under the old method if a student successfully completes the Self Paced Learning Module and Practical Training in addition to passing all levels on their first try.

Are there any changes in the registration process for the CA exams under the new curriculum?

Students need to register for Foundation/ Intermediate/ Final level under the New Scheme of Education and Training through Self Service Portal (SSP) at the link https://eservices.icai.org/.

Will the CA New Curriculum affect the eligibility criteria for appearing in the CA exams?

No. The eligibility Criteria remains same..

Are there any changes in the marking scheme for different subjects in the CA exams?

There will be 70% descriptive questions and 30% multiple-choice questions based on case scenarios or case studies in each of the six exams of the Intermediate & Final Examination.

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