Salient Features of New Scheme of Education and Training
The new scheme introduces a redefined curriculum with 6 papers at the Intermediate and Final levels. It includes 2 years of uninterrupted practical training, experiential learning with self-paced online modules, multi-disciplinary subjects, and specialization. Ethics and technology are integrated into all core subjects at the Final level, with a focus on strategic decision making for providing business solutions. The scheme also emphasizes emerging technologies training and includes recognition as a Business Accounting Associate (BAA) as an exit route. Additionally, it offers country-specific international curriculum and training.
Implementation Schedule – New Scheme of Education and Training
The implementation schedule provides a detailed plan for the new education and training scheme.
Papers at Foundation, Intermediate, and Final Levels in the New Scheme
The papers for each level are outlined, covering various subjects and groups.
Flow Chart of New Scheme of Education and Training
A flow chart visually represents the structure of the new education and training scheme.
Notable Points for Conversion (Transition) Scheme
Several notable points concerning the transition scheme are highlighted, including the automatic conversion of old students, the ordering of study material, exemptions, and the conditions for undergoing self-paced online modules.
Validity of Conversion Period in the New Scheme
The validity of the conversion period in the new scheme is specified through a visual representation.
Business Accounting Associate (BAA)
Criteria for obtaining the certificate of Business Accounting Associate (BAA) are detailed.
Scenarios of Conversion (Transition) Scheme
The scenarios for the conversion scheme are outlined for each level and practical training.
Remarks
There are multiple remarks for students transitioning to the new scheme, providing important information and clarifications.
For further information and FAQs, visit the Institute’s website at the provided link. Additionally, inquiries can be directed to the Board of Studies (Academic) at bos.nset@icai.in.
Content
👉 Salient Features of New Scheme of Education and Training
👉 Implementation Schedule
👉 Papers at Foundation, Intermediate & Final Levels
👉 New Scheme of Education and Training at a Glance
👉 Notable Points of Conversion (Transition) Scheme
👉 Scenarios of Conversion (Transition) Scheme
👉 Foundation Level | Intermediate Level | Final Level | Practical Training
Salient Features of New Scheme of Education and Training
✍️ Redefined Curriculum with 6 papers each at Inter & Final Level
✍️ 2 Years of Uninterrupted Practical Training
✍️ Experiential Learning with Self-Paced Online Modules
✍️ Multi-disciplinary Subjects and Specialization
✍️ Ethics & Technology in all Core Subjects at Final Level
✍️ Focus on Strategic Decision Making for Providing Business Solutions
✍️ Emphasis Emerging Technologies Training
✍️ 30% MCQ based Examination at Inter and Final Level
✍️ Recognition as Business Accounting Associate (BAA) – An Exit Route
✍️ Country Specific International Curriculum & Training
Implementation Schedule – New Scheme of Education and Training
Papers at Foundation Level in New Scheme
Papers at Intermediate Level in New Scheme
Subjects
Group I
Paper – 1: Advanced Accounting (100 Marks)
Paper – 2: Corporate and Other Laws (100 marks)
Paper – 3: Taxation
Section A – Income-tax Law (50 Marks)
Section B – Goods and Services Tax (GST) (50 Marks)
Group II
Paper – 4: Cost and Management Accounting (100 Marks)
Paper – 5: Auditing and Ethics (100 Marks)
Paper – 6A: Financial Management (50 Marks)
Paper – 6B: Strategic Management (50 Marks)
Self-Paced Online Modules – Subjects
Papers at Final Level in New Scheme
Subjects
Group I
Paper – 1: Financial Reporting
Paper – 2: Advanced Financial Management
Paper – 3: Advanced Auditing, Assurance and Professional Ethics
Group II
Paper – 4: Direct Tax Laws and International Taxation
Paper – 5: Indirect Tax Laws
Paper – 6: Integrated Business Solutions (Multi-disciplinary case study with Strategic Management)
Flow Chart of New Scheme of Education and Training
Notable Points for Conversion (Transition) Scheme
1. All old students will be automatically converted without any feethe New Schemeafter declaration of November/December, 2023 Examination results.
2. After conversion:
- If you have not ordered the Study Material earlier, you may make the requisition forthe Study Material under the New Scheme of Education and Training on CentralizedDistribution System (CDS) portal without making any payment.
- If you have already taken the Study Material, you may order the Study Materialunder the New Scheme of Education and Training through CDS portal after payingRs.500/- (Foundation Course) or Rs.1,000/- (Intermediate Course) or Rs.1,000/(Final Course), as the case may be.
3. Group-wise and paper-wise exemption will be announced by the ExaminationDepartment separately.
4. Self-Paced Online Modules canundergone only after passing both Groups ofIntermediate Examinations and registering for Final Course.
5. Students who have qualified both Groups of Intermediate (8 Papers) are exemptedfrom undergoing Self-Paced Online Modules SET-C & SET-D.
6. Exemption in Self-Paced Online Modules in either SET-C or SET-D will be applicable forstudents who have passed seven papers at the Intermediate level.
7. Final Course Students unsuccessful in Old Scheme will appear in May, 2024 Examinationunder New Scheme after automatic conversion. Such Students may qualify Self-PacedOnline Modules, as applicable, after passing May, 2024 Examination but before applyingfor membership. If unsuccessfulMay, 2024 Examination, the student would beeligible for subsequent Examination only after qualifying Self-Paced Online Modules, asapplicable.
8. Students who have commenced Practical Training by 30th June, 2023 will –
- continue to do 3 years of Practical Training,
- be entitled for 156 leaves (1095 x 1/7 days),
- have to undergo AICITSS Course during the Practical Training but compulsorilybefore appearing in the Examinations,
- be eligible to appear for Final Examination under the New Scheme (two groupscomprising of six papers) in the last six months of their Practical Training subjectto qualifying the Self-Paced Online Modules, as applicable.
9. Students who have passed either group of Intermediate and did notcommence their 3 years of Practical Training till 30th June, 2023 will –
- ave to pass both groups of Intermediate and thereafter commence the Practicaltraining of 2 years. Simultaneously register in Final Course.
- be entitled for 12 days of leaves per year,
- have to undergo AICITSS Course after completion of two years of PracticalTraining but compulsorily before appearing in the Examinations,
- be eligible to appear for Final Examination under the New Scheme after sixmonths from Practical Training subject to qualifying the Self-Paced Online Modules, as applicable.
10. Students provisionally registered in Intermediate under Direct Entry Route will
- be automatically converted in the New Scheme,
- be eligible to appear the Intermediate Examination on completion of 8 months study period from the date of provisional registration and after passing Graduation with minimum% of marks and uploading the final year graduation Marksheet/Certificate,
- have to pass both the groups of Intermediate examination and thereafter can commence thePractical Training of 2 years,
- be entitled for 12 days of leaves per year, simultaneously register in Final Course.
- have to undergo AlCITSS Course after completion of two years of Practical Training butcompulsorily before appearing in the Examinations,
- be eligible to appear for Final Examination under the New Scheme after six months fromPractical Training subject to qualifying the Self-Paced Online Modules.
11. Students who will appear in November, 2023 Final Examination in the OldScheme and pass one of the groups will –
- be automatically converted in the New Scheme,
- be exempted in the remaining group/Unit/ Paper, as the case may be. Self-Paced OnlineModules i.e. C & D will be exempted,
- have to qualify Self-Paced Online Modules A or B, as applicable, before applying formembership. If unsuccessful in May, 2024, the student would be eligible for subsequentexamination only after qualifying Self-Paced Online Modules A or B, as applicable,
- continue to do 3 years of Practical Training,
- be entitled for 156 leaves (1095 x 1/7 days),
- have to undergo AlCITSS Course during the Practical Training but compulsorily beforeappearing in the Examinations.16
Validity of Conversion period in the New Scheme is as under:-
Business Accounting Associate (BAA)
A candidate would be awarded the certificate of BusinessAccounting Associate (BAA) on fulfilment of following criteria –
a) Passed both Groups of intermediate level examination,
b) Completed his Practical Training,
c) Completed the AICITSS,
d) Qualified the Self-Paced Online Modules, as applicable.
Scenarios of Conversion (Transition) Scheme
Foundation Level
Intermediate Level
Final Level
Practical Training
Conversion (Transition) Scheme – Foundation Level
Remarks
Remarks
Such students who have already registered in Foundation Course will be automatically converted in the New Scheme of Education and Training.
Remarks
Such students who have already registered in Foundation Course will be automatically converted in the New Scheme of
Education and Training.
Having doubts…???
For more information
➢ Read FAQs hosted at Institute’s website at
https://www.icai.org/post/new-scheme-of-
education-and-training
➢ Write to Board of Studies (Academic) at
bos.nset@icai.in;