ICAI released CA Students Journal July edition including New Scheme of Education and Training

The Institute of Chartered Accountants of India (ICAI) has released a student journal for CA students for month of July 2023 which included New Scheme of Education and Training at a glance.

In released CA Journal ICAI President Stated, “Dear Students, Warmest Greetings to you all. I extend my heartiest congratulations to all the aspiring chartered accountants on the auspicious occasion of the CA Day on 1st July. On this day, we celebrate not just the establishment of our esteemed Institute but also the commitment and dedication of our founding fathers who laid the strong foundation upon which we stand today.

As we celebrate this momentous day, take a moment to reflect on the rich legacy of our Institute and the immense responsibility that lies ahead. Let us honour the vision and values of our founding fathers by upholding the highest standards of ethical practice and professionalism while working towards and inspiring future that lies ahead.”

Launch of New Scheme of Education and Training

On Launching of ICAI New Curriculum, ICAI President extends his warmest wishes and said, “I am delighted to inform you that the launch of New Scheme of Education and Training of Chartered Accountancy course would be done on 1st July 2023. The Chief Guest for the celebrations will be the Hon’ble President of India, Smt. Droupadi Murmu Ji. Indeed, it is going to be a momentous day for all of us. I thank the Vice President, CA. Ranjeet Kumar Agarwal, Chairman, BoS (A) CA. Vishal Doshi, Vice Chairman BoS (A) CA. Dayaniwas Sharma, my Council and the entire Team ICAI to make it possible.”

The highlights of the New Scheme are as under:

• The present three tier structure, namely, Foundation, Intermediate and Final level is continuing in the New Scheme of Education and Training.
• In addition, four Self-Paced Online Modules have been introduced.
• In place of 4+8+8 papers, there would be 4+6+6+4 papers in the New Scheme i.e., 4, 6 and 6 papers each at the Foundation, Intermediate and Final levels, respectively, and in addition thereto, 4 Self-Paced Online Modules.
• Seamless and Focused Practical Training would be an examination-free period of two years.
• Technology enabled learning advocated by NEP, 2020 to be implemented through Self-Paced Online Modules, where both learning and assessment would be online.
• Integrated Business Solutions would be a mandatory paper at the Final level to assess the integrated application of professional knowledge in different subject areas combined with the skills acquired during practical training.
• Assessment by way of case scenario/study based MCQs for 30 marks in every subject at the Intermediate and Final levels to hone the analytical skills of aspiring chartered accountants.
• Impetus on education in Ethics and Information Technology, by blending them with select core subjects at the Final level.
• Implementation of International Curriculum.

The Gazette notification and Announcement of the New Scheme of Education and Training has been hosted on ICAI’s website. The same is also printed in this edition of the Student Journal.

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