Proposed Scheme of Education and
Training
(An Invitation to Comment)
The Institute of Chartered Accountants of
India
Broad Agenda
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Present Scheme: Route 1- CPT (Common Proficiency
Test) Route
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Present Scheme: Route II- Direct Entry Scheme
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Proposed Scheme : Route 1- Foundation Course Route
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Proposed Scheme : Route 1I- Direct Entry Route
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Proposed Scheme – Some Highlights
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Number and Title of Papers
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Issues for Consideration
Present Scheme
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Route 1- CPT (Common Proficiency Test) Route
Enrollment after passing class 10 examination.
Appear and pass in CPT after completion of 60 days from the
date of registration and after appearing in 10+2 examination.
Enrollment for Group I
or for both Groups of
Intermediate (IPC) Course. (IIPCC)
Complete Orientation Course of one week spanning 35
hours and 100 hours Information Technology Training (ITT)
before joining Practical Training.
Appear in Intermediate (IPC) Examination on completion
of eight months of study course.
Join Practical Training after passing at least Group I of
IIPCC.
Complete First General Management and Communication
Skills (GMCS) I course (15 days) during the first year of
practical training.
Present Scheme
Route 1- CPT (Common Proficiency Test) Route
Cont.
 Complete GMCS II course (15 days) between 19-36
months of practical training.
 Complete Advanced IT during the third year of practical
training but before appearing in the Final Examination.
 Complete Practical Training of three years.
 Appear and pass Final examination while serving last six
months of Practical Training.
 Enrol as a member of the ICAI and be designated as
“Chartered Accountant”.
 Note: Candidates who have passed Intermediate level
examination of the Institute of Company Secretaries of
India and the Institute of Cost Accountants of India
are exempt from CPT.
Present Scheme
Route-II Direct Entry Route for
Commerce Graduates/PostGraduates (55%) or Other Graduates/Post-Graduates (60%)
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Enroll with the Institute for Intermediate (IPC) Course for both groups.
Complete 35 hours Orientation Course spanning one week and 100 hours ITT
before joining Practical Training.
Register for Practical Training of three years.
Complete GMCS - I Course during first year of practical training
Appear in IIPCC examination after nine months of Practical Training.
Appear and pass in both groups of IIPCC.
Complete GMCS I (15 days) course during 19-36 of practical training.
Complete Advance ITT during the third year of practical training but before
appearing in the Final Examination.
Complete three years period of Practical Training.
Appear and pass the Final Examination while serving last six months of
practical training.
Enroll as a member of ICAI and be designated as “Chartered Accountant”
.
Candidates who have passed Intermediate level examination of the
Institute of Company Secretaries of India and the Institute of Cost
Accountants of India are exempt from CPT
Proposed Scheme: Route 1: Foundation
Course Route
Foundation Course registration after Class X
 Foundation exam. appearance after Class XII appearance and after a
minimum time period of 9 months from registration.
 Intermediate Course registration on clearing Foundation.
 A study period of 12 months for appearance in Intermediate.
 Complete Three Weeks Integrated Course on Information Technology
and Soft Skills (ICITSS) before commencement of practical training.
 Appear and Pass at least Group I of Intermediate Exams.
 Register for Practical Training of Three years on passing at least Group I.
 Register for Final Course after clearing both groups of Intermediate.
 Complete Three Weeks Advanced ICITSS during the last two years of
Practical Training.
 Complete Practical Training of three years.
 Appear in Final exams after completion of practical training.
 Become a Member.
Note: Candidates who have passed Intermediate level examination of
the ICSI and the Institute of Cost Accountants of India are exempt
from Foundation.
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Proposed Scheme: Route II: Direct
Entry Route
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Direct Entry to the Intermediate course to the Commerce
Graduates/Post-Graduates (55%) or Other Graduates/PostGraduates (60%).
Successfully complete Three Weeks Integrated Course on
Information Technology and Soft Skills (ICITSS).
Register for Practical Training of Three years.
Appear and pass in Intermediate Examination after twelve
months of Practical Training.
Register for CA Final Course .
Complete Three weeks AICITSS during the last two years of
Practical Training.
Complete three years period of Practical Training.
Appear in the Final Examination after completion of Practical
Training.
Enrol as a member of ICAI.
Proposed Scheme – Some Highlights
Three
tier structure: Foundation, Intermediate and
Final
 Foundation Course
 Examination: Partly Descriptive and Partly Objective
 Inclusion of new paper – General English and Business
Communication
Intermediate
Course
 Eight papers instead of the present Seven papers.
 Paper on Information Technology and Strategic
Management dropped.
 Financial Management, Cost Accounting, Direct Taxes
and Indirect Taxes made full papers of 100 each.
Proposed Scheme – Some Highlights Cont.
Final
Course
 Paper on Information Systems Control and Audit (ISCA)
dropped.
 Papers on Financial Services and Capital Markets (100 marks)
and International Taxation (40 marks) included.
Practical Training
 Three
Years Practical Training to start after passing Group I of
the Intermediate Course but to be completed before one
writes the Final examination.
Two Integrated Courses of three weeks each on Information
Technology and Soft Skills
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First one to be completed before starting practical training.
 Advanced one to be completed during last two years of
practical training.
Number and Title of Papers
Present Scheme
Proposed Scheme
CPT
Foundation
Session – I (100 Marks )
Paper 1: Fundamentals of Accounting
Section A – Fundamentals of
(100 marks)
Accounting (60 marks)
Section B – Mercantile Law (40 Marks).
Session – II (100 Marks)
Section C – General Economics (50
marks)
Section D – Quantitative Aptitude (50
Marks).
Paper 2: Quantitative Aptitude (100
marks)
Paper 3A: Mercantile Law (60 marks)
Paper 3B: General Economics (40
marks)
Paper 4A: General English (50 marks)
Paper 4B: Business Communication (50
marks
IIPCC - Group-I
Intermediate Group-I
Paper - 1: Accounting (100 marks)
Paper - 1: Accounting (100 marks)
Paper - 2:Business Law, Ethics and
Communication (100 marks)
Part - I: Law (60 marks) -Business
Laws (30 marks) & Company Law (30
marks)
Part – II: Ethics (20 marks)
Part - III: Communication (20 marks)
Paper - 2: Company Law, Other Laws
and Ethics (100 marks)
Part – I: Company Law (60 marks)
Part – II: Other Laws (20 marks)
Part - III: Ethics (20 marks)
Paper - 3: Cost Accounting and
Financial Management (100 marks)
Part -I: Cost Accounting (50 marks)
Part - II: Financial Management (50
marks)
Paper - 3: Cost Accounting (100 marks)
Paper - 4: Taxation (100 marks)
Part - I: Income Tax (50 marks)
Part -II: Service Tax (25 marks) and
VAT (25 marks).
Paper - 4: Direct Taxes (100 marks)
IIPCC Group- II
Intermediate Group- II
Paper - 5: Advanced Accounting (100
marks)
Paper - 5: Advanced Accounting (100
marks)
Paper - 6: Auditing and Assurance (100
marks)
Paper - 6: Auditing and Assurance (100
marks)
Paper - 7: Information Technology and
Strategic Management (100 marks)
Part - I: Information Technology (50
marks)
Part - II: Strategic Management (50
marks).
Paper - 7: Financial Management (100
marks)
Paper - 8: Indirect Taxes (100 marks)
Final Course (Group- I )
Final Course (Group- I )
Paper - 1: Financial Reporting (100
Marks)
Paper - 1: Financial
Marks)
Reporting
(100
Paper - 2: Strategic Financial
Management (100 Marks)
Paper - 2: Strategic Financial
Management (100 Marks)
Paper - 3: Advanced Auditing and
Professional Ethics (100 Marks)
Paper - 3: Advanced Auditing and
Professional Ethics (100 Marks)
Paper - 4: Corporate and Allied Laws
(100 Marks)
Section A: Company Law (70 Marks)
Section B: Allied Laws (30 Marks).
Paper - 4: Corporate Laws and other
Economic Laws (100 Marks)
Final Course (Group- II)
Final Course (Group- II)
Paper - 5:
Advanced
Management Accounting (100
Marks)
Paper - 5:
Management
Marks)
Paper - 6:
Information
Systems Control and Audit (100
Marks)
Paper - 6:
Financial Services
and Capital Markets (100 Marks)
Paper - 7:
(100 Marks)
Paper - 7:
Advanced Tax
Management (60 Marks) and
International Taxation (40 Marks)
Direct Tax Laws
Paper - 8:
Indirect Tax Laws
(100 Marks)
Section A: Central Excise (40
Marks)
Section B: Service Tax & VAT (40
Marks)
Section C: Customs (20 Marks).
Paper - 8:
(100 Marks)
Advanced
Accounting
(100
Indirect Tax Laws
Issues for Consideration: Overall Scheme
• Entry Routes: Foundation and Direct Entry.
• Admission to Foundation Course: Registration
after Class X or after appearing in Class XII.
• Foundation Examination: After appearing in Class
XII examination or after qualifying Class XII
examination.
• Direct Entry: When should the Practical Training
start for direct entrants, i.e. after qualifying
Group-I of Intermediate as in the case of
Foundation Route.
Issues for Consideration: Foundation Course
• Study Period of 9 months
• Whether to have all four papers a mix of Objective and
Subjective Questions or to have two papers Subjective and Two
Papers Objective types?
• If papers are to be a mix of Objective and Subjective Questions,
then what should be the mix - 50-50, 60-40, or any other?
• If two papers are to be Subjective and two Papers are to be
Objective, which papers should be Subjective and which papers
should be Objective type?
◦ Paper 1: Fundamentals of Accounting (100 marks)
◦ Paper 2: Quantitative Aptitude (100 marks)
◦ Paper 3A: Mercantile Law (60 marks)
◦ Paper 3B: General Economics (40 marks)
◦ Paper 4A: General English (50 marks)
◦ Paper 4B: Business Communication (50 marks)
• Suggest addition/deletion of papers.
Issues for Consideration: Intermediate
Course
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Study Period of 12 months
Increasing the number of Papers to Eight from Seven
Raising the level of following papers to 100 marks
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Financial Management
Cost Accounting
Direct Taxes
Indirect Taxes
Removal of paper on Information Technology and
Strategic Management
 Removal of Communication paper (20 marks) and
Business Laws (30 marks)
 Raising allocation of marks for Company Law to 60
marks and 20 marks for Allied Laws
 Suggest addition/deletion of papers.
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Issues for Consideration: Final Course
Inclusion of International Taxation for 40
marks
 Removal of the paper Information Systems
Control and Audit (ISCA)
 Inclusion of a new paper ‘Financial Services
and Capital Markets’
 Whether specialization is to be introduced?
 Suggest addition/deletion of papers.
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Issues for Consideration: Practical Training
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What should be the duration of practical
training?
When should the training start?
When should the student sit for Final
examination : at the end of training or during
training?
How should the training be monitored?
Whether entitlement to train articles be
based on Efflux of Time and/or Work
Quantum.
Issues for Consideration: Three Weeks
Integrated Advance Course on Information
Technology and Soft Skills (ICITSS)
Integration of Orientation Course, General
Management and Communication Course and
Information Training
 Duration of Course :Three weeks or less or more
 When to do: Before Practical Training or During
Practical Training?
 Assessment :
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◦ How to be done?
◦ Whether marks to be given or grades to be given?
◦ Whether marks/grades to be shown in mark sheet or
separate records be maintained?
Thank You