CA New Syllabus

The Institute of Chartered, Accountants of India (ICAI) announced CA New Syllabus from 2017.In this post we are providing the details regarding CA New Syllabus which is applicable from May 2018. How to become CA that is through Foundation route or Direct Entry Route, the CA New Syllabus and Number of Papers etc are posted through this article. So students can go through this article for the exact information.

CA New Syllabus – Foundation Route

  1. Firstly register with BoS(Board of Studies)after appearing in 10+2 till June30/Dec 31.
  2. After passing 10+2 examination you are eligible to appear for the Foundation examination.
  3. The First Foundation exam will be conducted in the month of May/November.
  4. If you are qualified in the Foundation course ,then register with BoS for Intermediate Course.
  5. Appear and Pass in either or both Groups of Intermediate Course.
  6. Complete 4 weeks of ICITSS(Integrated Course on Information Technology and Soft Skills) before the practical training begins.
  7. Register for 3 years of Practical Training on passing  either or both Groups of Intermediate Course.
  8. Register for CA Final course after passing both Groups of Intermediate.
  9. Complete 4 weeks of Advanced ICITSS in last 2 years of practical training
  10. Complete Practical Training
  11. After Completion of Practical Training and Advanced ICITSS , appear for the Final CA Exam
  12. Become a Member of ICAI.

CA New Syllabus – Direct Route Entry

To become a CA through Direct Route Entry, the following steps are required.

  • Intermediate Pass Students of the Institute of Cost Accountants of India and Institute of Company Secretaries of India can directly register for the Intermediate Course and can follow the similar steps same as Foundation Course.(from Steps 5 to 12)
  • Commerce Graduates /Post Graduates with 55% and Other Graduates/Post Graduates with 60% must register for intermediate course and undergo 4 weeks of ICTISS
  • Join 3 years practical training and appear in Intermediate exam after 9 months of Practical training.
  • Again follow the similar steps as Foundation Course(from Steps 9 to 12).

CA New Syllabus

The number of papers are 4.

Paper 1 :Principles and Practices of Accounting (100 Marks)

Paper 2: Business Mathematics and Logical Reasoning & Statistics (100 Marks)

  • Section A: Business Mathematics and Logical Reasoning (60 Marks)
  • Section B :Statistics (40 Marks)

Paper 3: Mercantile Law & General English (100 Marks)

  • Part I:Mercantile Law (60 Marks)
  • Part II:General English (40 Marks)

Paper 4: Business Economics & Business and Commercial Knowledge (100 Marks)

  • Part I: Business Economics (60 Marks)
  • Part II: Business and Commercial Knowledge (40 Marks)

Note that Paper 2 and Paper 4 will be Objective Type Papers

  • The CA CPT old pattern is for 200 marks
  • The CA New Syllabus (Foundation Course) is for 400 marks
1.Theoretical Framework
2.Accounting Process
·         Books of Accounts leading to the preparation of Trial Balance, Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and contingent liabilities, Fundamental errors, include rectifications thereof.
3.Bank Reconciliation Statement
4.Inventories
Basis of inventory valuation and record keeping.
5.Depreciation accounting
Methods, computation and accounting treatment of depreciation, Change in depreciation methods.
6.Preparation of Final Accounts for Sole Proprietors
7.Simple Problems on Financial Statements of Not-for-Profit Organizations
8.Accounts from Incomplete Records
9.Average Due Date and Account Current
10.Accounting for Special Transactions
·         Consignments
·         Joint Ventures
·         Bills of exchange and promissory notes
·         Sale of goods on approval or return basis.
Departmental Accounts
11.Partnership Accounts
·         Final accounts of partnership firms – Basic concepts of admission, retirement and death of a partner including treatment of goodwill.
12.Introduction to Company Accounts
·         Issue of shares and debentures, forfeiture of shares, re-issue of forfeited shares, redemption of preference shares.

Paper 2 : PART 1 – Mercantile Law (60 Marks)

1.The Indian Contract Act, 1872
·         An overview of Sections 1 to 75 covering the general nature of contract , consideration , other essential elements of a valid contract , performance of contract and breach of contract.
2.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.
3.The India Partnership Act, 1932
·         General Nature of Partnership – Rights and duties of partners – Registration and dissolution of a firm.
4.The Limited Liability Partnership Act, 2008
·         Introduction- covering nature and scope, essential features, characteristics of LLP, incorporation and differences with other forms of organizations.
5.The Companies Act. 2013 [Section 1 to 22]
·         Important definitions, Introduction of company & corporate veil theory, Classes of companies, Conversion of company, Incorporation of company, Memorandum of Association, Articles of Association, Alteration of Memorandum and Articles, Doctrine of Indoor Management, Conversion of companies already registered, Promoters, Service of documents.

 CA New Syllabus

Paper 2 : PART 2 – General English (40 Marks)

1.SECTION A –
Topic : Comprehension Passages and Note Making
Ø  Subtopic : Comprehension Passages

Ø  Subtopic: Note Making

2.SECTION B –
Topic: Developing Writing Skills
Ø  Subtopic: Article Writing

Ø  Subtopic: Report Writing

Ø  Subtopic: Writing Formal Letters

Ø  Subtopic: Writing Mails

Ø  Subtopic: Resume Writing

3.SECTION C –
Topic: Basic English Grammar
Ø  Chapter-1: Introduction to Basic Writing

Ø  Chapter-2: Nouns, Pronouns and Verbs

Ø  Chapter-3: Articles, Adjectives and Adverbs

Ø  Chapter-4: Prepositions, Conjunctions and Interjections

Ø  Chapter-5: Direct-Indirect, Active -Passive Speech

Ø  Chapter-6: Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations and Idioms.

Paper 3 : Business Mathematics, Logical Reasoning and Statistics (40 Marks)

The whole syllabus of Business Mathematics Logical Reasoning and Statistics shall be divided into two broad areas.

  1. Business Mathematics Logical reasoning (60 Marks)
  2. Business Statistics (40 Marks)
A.Business Mathematics Logical reasoning (60 Marks)
Business Mathematics – 40 Marks
1.Ratio and proportion, Indices and Logarithms
·         Ratio and proportion and Time and work related problems, Laws of Indices, Exponentsand Logarithms and Anti Logarithms.
2.Equations and Matrices
·         Equations: Linear Simultaneous linear equations up to three variables, Quadratic and Cubic equations in one variable.

·         Algebra of Matrices, Inverse of a Matrix and determinants, solving system of equations using matrix method (Cramer’s rule) involving not more than three variables.

3.Inequalities
·         Inequalities: Linear Inequalities in one variable and the solution space
4.Time value of Money (Financial Mathematics)
  • Simple Interest
  • Compound interest
  • Effective Rate of Interest
  • Present Value
  • Net Present Value
  • Future Value
  • Perpetuity
  • Annuities
  • Sinking Funds
  • Calculating of EMI
  • Calculations of Returns
  • Nominal Rate of Return
  • Effective Rate of Return
  • Compound Annual growth rate (CAGR)
5.Sets Functions and Relations
6.Basic applications of Differential and Integral calculus (Excluding the trigonometric applications
7.Permutations and Combinations
Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations with standard results.
8.Sequence and Series
Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of n terms of special series.
Logical Reasoning – 20 Marks
9.Number series coding and Decoding and odd man out.
10.Blood Relations.
11.Seating Arrangements.
12.Direction Tests.
13.Syllogism.

 

B.Business Statistics (40 Marks)
14.Statistical description of Data
Statistical Representation of Data, Diagrammatic representation of data, Frequency distribution, Graphical representation of Frequency Distribution – Histogram, Frequency Polygon, Ogive, Pie-chart.
15.Measures of Central tendency and Dispersion
Measures of Central Tendency and Dispersion: Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation, Standard Deviation, Co-efficient of Variation, Coefficient of Quartile Deviation.
16.Correlation and Regression
Correlation and Regression: Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, Regression coefficients.
17.Theoretical Distributions
Theoretical Distributions: Binomial Distribution, Poisson distribution – basic application and Normal Distribution – basic applications.
18.Probability
Probability: Independent and dependent events; mutually exclusive events. Total and Compound Probability; Bayes’ theorem; and Mathematical Expectation.
19.Index Numbers and Time Series
·         Index Numbers: Uses of Index Numbers, Problems involved in construction of Index Numbers, Methods of construction of Index Numbers.

·         Time Series Analysis – basic application including Moving Average, Moving Average Method, and Method of Least Squares.

20.Sampling Theory and Testing of Hypothesis
·         Sampling theory: Basic Principles of Sample survey, Comparison between sample survey and enumeration, errors in Sample survey, some important terms associated with sampling, types of sampling.

·         Testing of Hypothesis, Large sample tests (Test for means, test for proportions and test for Standard deviations) and sample tests applications of t, F-distribution (Variance ratio test) and Chi-square test.

 

Paper 4 : Business Economics & Business and Commercial Knowledge (100 Marks)

 

A.Business Economics (60 Marks)
·         Meaning of Business Economics

·         Objectives of Business Firm- Profit Maximization, Sales Maximization, Growth Maximization.

·         Meaning and determinants of demand, Law of demand and Elasticity of demand — Price, income and cross elasticity

·         Theory of consumer’s behaviour – Marshallian approach and Indifference curve approach

·         Meaning and determinants of supply, Law of supply and Elasticity of supply.

·         Demand Forecasting

3.Theory of Production and Cost
·         Meaning and Factors of production

·         Laws 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 and variable costs.

4.Price Determination in Different Markets
·         Various forms of markets – Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly

·         Price determination in these markets.

5.Business Cycles
  • Meaning of Business Cycles
  • Phases of Business Cycles
  • Features of Business Cycles
  • Causes behind these Cycles
B.Business and Commercial Knowledge (40 Marks)
1.Introduction to Business
Nature of Business, Profession and Employment. Objectives of Business. Business and Commercial Knowledge. Economic and Non-Economic Activities.
Micro and Macro Environment, Elements of Micro Environment – Consumers/Customers, Competitors, Organization, Market, suppliers, Intermediaries, Elements of Macro Environment – Demographic, Economic, Political-legal, Socio¬cultural, Technological, Global Environment.
3.Business organisations
Top Indian and Global Companies.
4.Government Policies for Business Growth
Policies creating conducive business environment – Startups,E-commerce. Liberalization, Privatization, Foreign Direct Investment.
5.Organisations facilitating Business
Indian regulatory bodies – SEBI, RBI, IRDA, CCI, FMC, CBDT, CBEC Indian Development Banks – IFCI, IDBI, SIDBI, EXIM Bank,NABARD Global organizations and world trade bodies – IMF, ADB, WTO, OECD, SAARC, ASEAN, OPEC. Accounting Bodies – IFAC,IASB, IESB, CAPA, SAFA, AOSSG.
6.Common Business and Commercial Terminologies
Finance, Marketing and other business terms. Stock Market Terminology.

 

 CA New Syllabus | CA Final Course

There are 8 papers in CA Final new syllabus from 2016. Changes in CA Final course from below!!

Number of Papers – 8

Group I

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate Laws and other Economic Laws (100 Marks)

Group – II

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Financial Services and Capital Markets & Information Systems Control and Audit (100 Marks)

  • Part I: Financial Services and Capital Markets (50 Marks)
  • Part II: Information Systems Control and Audit (50 Marks)

Paper 7: Advanced Direct Tax Laws & International Taxation

  • Part I: Advanced Direct Tax Laws (70 Marks)
  • Part II: International Taxation (30 Marks)

Paper – 8: Advanced Indirect Tax Laws (100 Marks)

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