What are new Subjects as per CA New Education Scheme?

The Institute of Chartered Accountants of India (ICAI) has proposed New Education Scheme. There are changes in the Number and Subject pattern as per CA New Education Scheme. The Changes are as follows:

Change in number of Papers

There would be 4 papers at the foundation level. and 6 papers at the intermediate level (2 Groups of 3 papers each). 6 papers at the final level (2 Groups of 3 papers each). Ethics and Information Technology would be integrated with the curriculum of subjects at the Final Level.

Four self-paced online learning modules encompassing different fields are being introduced. Students can learn and qualify the modules at their own pace after qualifying for the intermediate level examination

What is the proposed New Education Scheme of ICAI?

New Subjects as per CA New Education Scheme

Foundation Course

Paper -1: Accounting (100 marks)

Paper -2: Business Laws (100 marks)

Paper-3: Quantitative Aptitude (100 marks)

• Business Mathematics
• Logical reasoning
• Statistics

Paper-4: Business Economics (100 marks)

Intermediate Course

Paper-1: Advanced Accounting (100 marks)

Paper-2: Corporate laws (100 marks)

Paper-3: Cost and Management Accounting(100 marks)

Paper-4: Taxation (100 marks)

• Direct Tax
• Indirect Tax

Paper-5: Auditing and Code of Ethics (100 marks)

Paper-6A: Financial Management (50 Marks)

Paper-6B: Strategic Management (50 Marks)

Self Paced Online Modules

Set A: Economic Laws (Compulsory Online Module)

Set B: Strategic Cost Management and Performance Evaluation (Compulsory Online Module)

Set C: Subjects that are globally relevant for positioning CA qualification as a Global Qualification (Optional Online Module- Specialization Elective)

Students have to choose any one module

1. Risk management
2. Integrated and Sustainability Reporting
3. Government Accounting and Public finance
4. Introduction to Digital Ecosystem and Transformation
5. International Taxation
6. Arbitration, Mediation, and Conciliation
7. Forensic Audit
8. Financial Services and Capital Markets
9. Valuation
10. Forex and Treasury Management

Set D: [Towards developing inherent traits of CA Students incorporating the Multidisciplinary approach envisaged in NEP, 2020]

Students have to choose any one module

1. Constitution of India
2. Psychology (including self-awareness)
3. Entrepreneurship (to include MSMEs & Startups )
4. Communication (to include Advocacy)
5. Philosophy

A student has to undergo online learning in Economic Laws [SET A] and Strategic Cost Management and Performance Evaluation [SET B] mandatorily. Further, he has to choose one module each from SET C and SET D.

Final Course

Group 1

Paper – 1: Financial Reporting (100 marks)
Paper – 2: Advanced Financial Management (100 marks)
Paper – 3: Advanced Auditing & Professional Ethics (100 marks)

Group 2

Paper – 4: Direct Tax Laws and International Taxation (100 marks)
Paper – 5: Indirect Tax Laws (100 marks)
Paper – 6: Integrated Business Solutions (Multi-disciplinary case study with Strategic Management) (100 marks)