New CA Course Proposed from May 2016

New CA Course applic­a­ble from 2016 ( draft­ed by ICAI ) :

1. CPT Name will be Changed to CA Foun­da­tion, Dura­tion increased to 9 months

Num­ber of Papers are 4
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)
— Part­ly descrip­tive & part­ly MCQ paper.

2. Change in CA IPCC:

Name changed to CA Intermediate :-
— Cost Account­ing & FM to be 2 dif­fer­ent subject.
— Dura­tion increased from 10 months to 12 months.

Num­ber of Papers are 8
Paper 1 — Account­ing ( 100 Marks)
Paper 2 — Com­pa­ny Law, Oth­er law and Ethics
Part I : Com­pa­ny Law (60 Marks)
Part II: Oth­er Law (20 Marks)
Part III: Ethics (20 Marks)
Paper 3 — Cost Account­ing (100 Marks)
Paper 4 — Direct Tax­es (100 Marks)
Paper 5 — Advanced Account­ing (100 Marks)
Paper 6 — Audit­ing & Assur­ance (100 Marks)
Paper 7 — Finan­cial Man­age­ment (100 Marks)
Paper 8 — Indi­rect Tax­es (100 Marks)

3. Change in CA Final :-
— New sub­ject added Cap­i­tal Mar­kets & Finan­cial Services.
— ISCA has been removed.
— Eli­gi­bil­i­ty to appear to CA Final only after com­ple­tion of articleship.

Num­ber of Papers are 8
Paper 1 — Finan­cial Report­ing (100 Marks)
Paper 2 — SFM (100 Marks)
Paper 3 — Advance Audit­ing & Pro­fes­sion­al Ethics (100 Marks)
Paper 4 — Cor­po­rate & oth­er eco­nom­ic law (100 Marks)
Paper 5 — Advance Man­age­ment Account­ing (100 Marks)
Paper 6 — Finan­cial Ser­vices & Cap­i­tal Mar­ket (100 Marks)
Paper 7 — Advance tax man­age­ment (60 Marks) &
Inter­na­tion­al Tax­a­tion (40 Marks)
Paper 8 — Indi­rect Tax­a­tion (100 Marks)