{"id":568,"date":"2023-01-13T12:42:52","date_gmt":"2023-01-13T12:42:52","guid":{"rendered":"https:\/\/www.vsmartacademy.com\/blog\/?p=568"},"modified":"2023-02-25T08:41:36","modified_gmt":"2023-02-25T08:41:36","slug":"icai-new-scheme-for-2023-exams","status":"publish","type":"post","link":"http:\/\/206.189.140.29\/blog\/icai-new-scheme-for-2023-exams\/","title":{"rendered":"ICAI New Scheme for 2023 Exams"},"content":{"rendered":"<p>[vc_section][vc_row][vc_column][vc_column_text text_larger=&#8221;no&#8221;]<span style=\"font-weight: 400;\">After <a href=\"https:\/\/www.icai.org\/\">ICAI<\/a> proposed the ICAI New Scheme for 2023 exams, many changes have been made in Education and Training of the CA Course. There are a total of three levels in the CA Course and these levels include CA Foundation course, CA Inter course and CA Final course. A few sections have been removed, few have been merged and few new changes have been introduced in the ICAI New Scheme for 2023 exams.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Scroll further to have a detailed understanding of the new scheme proposed by ICAI for 2023 exams in the CA Syllabus.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section][vc_row][vc_column][vc_custom_heading text=&#8221;Details of ICAI CA New Scheme&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<span style=\"font-weight: 400;\">Changes made in the ICAI new exam pattern are mentioned below. Students are advised to go through all the changes carefully and be aware of the requirements before starting their preparations.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2 Subjects have been removed from the CA Foundation level.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CA Intermediate level now has 6 papers, divided into two groups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CA Final level has 6 papers, again divided into two groups.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Articleship period has been reduced to 2 years, from 3 years.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section][vc_row][vc_column][vc_custom_heading text=&#8221;ICAI CA Foundation New Syllabus and Old Syllabus- Difference&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<\/p>\n<table class=\"tableblog\">\n<tbody>\n<tr>\n<td><b>Highlights<\/b><\/td>\n<td><b>Proposed Changes by ICAI\u00a0<\/b><\/td>\n<td><b>Old CA Foundation Syllabus<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Eligibility<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Compulsory for students to have passed the 10th board<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No exact number of attempts restricting\u00a0 the CA Foundation course.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Validity<\/b><\/td>\n<td><span style=\"font-weight: 400;\">4 years Validity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Previously, there was no exact limitation to the CA Foundation registration validity.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Registration\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">No cut-off dates for CA Foundation registration.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cut off dates like January 1 or July 1 for CA Foundation Level<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;CA Foundation New Syllabus 2023&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<span style=\"font-weight: 400;\">The changes that have been proposed in the ICAI new scheme of education and training, are mentioned below:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The new scheme has reduced 6 subjects and 4 papers to 4 subjects and 4 papers. These subjects have been removed.<\/span><\/li>\n<\/ul>\n<ol>\n<li><b> Business Correspondence &amp; Reporting<\/b><\/li>\n<li><b> Business &amp; Commercial Knowledge<\/b><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A negative marking of .25 for every wrong answer. Previously there was no such negative marking.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Now, the students have to score at least 50% to pass the Foundation level.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Vsmart Academy, has got your back if you are an individual aspiring to start CA Foundation exam preparations.<\/span><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;ICAI New Scheme 2023- CA Intermediate Level&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<\/p>\n<table class=\"tableblog\">\n<tbody>\n<tr>\n<td><b>CA Intermediate New Course Scheme<\/b><\/td>\n<td><b>CA Intermediate Old Course Scheme<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">No changes in the Eligibility criteria<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Students who have passed CA Foundation and 12th board are eligible to appear in this level<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\"> CA Inter registration validity- 5 years<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(Charges on re-validation)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Re-validation allowed just once<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Validity of Registration- 4 years\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Direct Entry Route &#8211; Mandatory 8 months study period<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8 months study period for Foundation Route<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compulsory practical training of 9 months for Direct Entry Route<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;CA Intermediate Exam New Syllabus 2023&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<span style=\"font-weight: 400;\">Key highlights of the ICAI CA Inter New Syllabus:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">2 subjects have been removed from the CA Inter new syllabus.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paper 1 and 5 are now merged into \u201cAdvanced Accounting\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u201cEnterprise Information Systems\u201d is removed.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u201cEconomics for Finance\u201d is no longer included in paper 8.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Remaining part is included in paper 6, in the name of \u201cFinancial Management and Strategic Management\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paper 2 of CA intermediate will be only about the \u201cCompanies Act\u201d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the ICAI new scheme 2023, there will be 2 groups of three papers in the CA Intermediate Syllabus.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Law is now a part of the CA Foundation Level syllabus.\u00a0<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;ICAI New Scheme Exemptions and Passing Criteria (CA Intermediate Level)&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<span style=\"font-weight: 400;\">CA Intermediate exemptions and passing criteria are mentioned below.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">30% MCQ questions for all the papers of CA Intermediate exam.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICAI will be entertaining the exempted papers of CA Intermediate as permanently passed, after the new scheme. But students have to clear the rest of the papers with 50% marks individually.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negative marking of .25.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If a student scores 60% in one or more papers in a single attempt, exemption of papers for immediate next three attempts is allowed in the intermediate level of CA.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Students can surrender the exempted papers only after three attempts.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;CA Articleship Changes in the new Scheme of ICAI, 2023&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The<a href=\"https:\/\/app.icai.org\/homepage\"> CA Articleship<\/a> duration has reduced to 2 years, from 3 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Students must have at least 1 year of experience in a CA firm.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Changes in the CA Final Course in the New Scheme of ICAI&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text text_larger=&#8221;no&#8221;]<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Students have to clear the four sets of <\/span><b>self paced modules<\/b><span style=\"font-weight: 400;\"> to sit for the CA Final exam. These sets are divided as SET A, SET B, SET C and SET D. All these sets include the following subjects:<\/span>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Economic Laws(Compulsory set)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Cost Management and performance evaluation(Compulsory set)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Specialization Elective<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Incorporating multidisciplinary approach envisaged in NEP,2020<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Now, take a look at the key highlights of CA Final Syllabus changes proposed by ICAI:<\/b><br \/>\n<table class=\"tableblog\">\n<tbody>\n<tr>\n<td><b>Categories\u00a0<\/b><\/td>\n<td><b>CA Final Level ICAI New Scheme<\/b><\/td>\n<td><b>CA Final Level Old Scheme<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Eligibility for Admission\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Same as the previous course structure of CA Final level.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Students who have passed both groups of CA Inter exam and completed integrated course on information technology and soft skills<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Registration Validity<\/b><\/td>\n<td><span style=\"font-weight: 400;\">10 year validity (Re-validation permitted but with prescribed fee)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No particular restrictions\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Eligibility for Exam\u00a0<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Completed advanced ICITISS course\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Completed six months after the practical training<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Qualified the four self paced online modules<\/span><\/li>\n<\/ul>\n<\/td>\n<td><span style=\"font-weight: 400;\">Completed advanced ICITISS course and 2.5 years of practical training\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">According to the CA Final new scheme, students have to score more than 50% in each module.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Both the compulsory papers have been deleted from CA Final old course.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In the remaining sets, students can choose their respective topics and then take their preparations forward.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CA Final papers have been reduced from 6 papers from 6 papers, in the CA Final syllabus.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Subjects in paper 4 and 5 will be removed and added in self paced modules as <\/span><b>compulsory sets.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Elective subjects like \u201cRisk Management\u201d<\/span> <span style=\"font-weight: 400;\">and \u201cFinancial services\u201d are now included in the Set C of self paced modules.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the new CA Final exam pattern, papers will have 30% MCQ based questions and there will be negative marking on every wrong answer. There was no negative marking in the previous scheme of CA but the newly proposed scheme has got negative marking which might be bad news for Aspirants. Students should not be intimidated by the results, as no matter what changes are proposed, if you are well prepared then nothing can stop you from achieving success.\u00a0<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_section][vc_row][vc_column][vc_column_text text_larger=&#8221;no&#8221;]After ICAI proposed the ICAI New Scheme for 2023 exams, many changes have been made in Education and Training<\/p>\n","protected":false},"author":1,"featured_media":597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4,7,5,6],"tags":[11,9,10,47,48,49],"class_list":["post-568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-ca-final","category-ca-foundation","category-ca-intermediate","tag-ca-final","tag-ca-foundation","tag-ca-inter","tag-icai","tag-icai-new-scheme","tag-icai-new-scheme-2023"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ICAI New Scheme for 2023 Exams<\/title>\n<meta name=\"description\" content=\"After ICAI proposed the New Scheme for 2023 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