CA course syllabus to undergo major changes

English proficiency test and general economics will be part of syllabus for common proficiency test (CPT)- the first of three examinations of chartered accountant (CA) course.

The Institute of Chartered Accountants of India (ICAI) has proposed changes in syllabus for CPT and CA finals which will be launched in November 2016.

“Our target is to conduct the first examination under new syllabus in November 2017,” Babu Abraham Kallivayalil, chairman of ICAI’s board of studies told media persons here on Friday.

He was in the city to attend the inaugural session of the two-day national convention for chartered accountants hosted jointly by Baroda branches of Western Indian Regional Council of ICAI and Western India Chartered Accountants Students Association.

“We have proposed changes in the syllabus for CPT (CA foundation course) by introducing English proficiency test and general economics tests in it. Proficiency of English plays major role in chartered accountants’ profession. All over the world, there is much demand for chartered accountants. However, we found lack of reasonable level of English proficiency even in toppers of CA course. Hence, the curriculum will have lot of changes to make chartered accountants proficient in English and general economics,” he said.

“The CA foundation course will have four question papers of 100 marks each. English proficiency, general economics and logic will be one of the four papers. General knowledge of economics and English grammar will be focused in the descriptive paper,” he said.

Similarly, a paper on business economics will be introduced at CA inter level while the costing paper which is of 50 marks at CA inter level and 100 marks at CA finals level, will carry 100 marks weightage at both the levels. At the same time, a paper on finance and capital, carrying 100 marks weightage, will be introduced in CA final.

The new syllabus has been placed in public domain and the institute had already received over 2,000 opinions on it.

According to him, in the next five years, at least three lakh CAs will be required in the country. Presently, an average of 15,000 CAs pass out every year.

 ICAI has also started random checking of balance sheets of companies whose turnover is more than Rs5,000 crore. “Every year, 100 such balance sheets will be checked by the institute,” he said.
The convention, which was inaugurated by Bhakti Sharma, first Asian woman open water swimmer, is being attended by more than 1,000 CA students from across the country.
A variety of topics that will be discussed in this two-day convention include corporate law, accounts and audit, changing paradigm in Indian economy and indirect taxation.
Source : Timesofindia

ABOUT RESONANCE CLPD

Resonance Commerce & Law Program Division (CLPD) is a leading coaching Institute which offers Classroom Coaching Programs for preparation of CA (Chartered Accountancy), CS (Companies Secretary) & Various Law Entrance Exams (CLAT, AILET, L-SAT, etc). Since 2012, Resonance CLPD has produced All India Ranks in many Professional Exams which includes All India Ranks in CS-Foundation – Consecutively from Last 5 attempts, All India Rank in CA-IPCC, CS-Professional and CLAT.

Get the benefit of highly experienced faculty team of Resonance CLPD in every subject to achieve success in the targeted exam.

To visit our website: Click Here

3 ALL INDIA RANKS IN CS-FOUNDATION (JUNE-2016) FROM RESONANCE CLPD

3 Classroom Students of Resonance CLPD secured ALL INDIA RANKS (AIR) – 13, 25 and 25. Total 32 students out of 42 from Resonance CLPD successfully cracked the exam with the Remarkable Success Rate of 76.2%.

For Admission Related Queries, Call : 0744-3192229, 9529980666

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s