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Proposed scheme of new CA course released

Niyati (Student) (6202 Points)

12 February 2015

Inviting comments on New Scheme of Education and Training.

Please find the attached file for details

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50 Replies

Varun (ACA CS Final Pass B.Com(H)) (270 Points)
Replied 12 February 2015

It's good that ISCA and IT-SM has been dropped.

(Guest)

Again I will say "BIGGEST FOOLS ARE THOSE WHO UNDERMINE THE IMPORTANCE OF ISCA/IT.EVERYTHING IS ON CLOUDS THESE DAYS.FUTURE IS CASHLESS ECONOMY,ARTIFICIAL INTELLIGENCE.CURRENCIES LIKE BITCOINS ARE HOT ISSUES.INFORMATION SYSTEM IS THE ESSENCE OF THIS NEW WORLD ORDER. BIGGEST BLUNDER EVER WILL BE THE DELETION OF ISCA, IT."

ISCA and IT are not the core subjects in all the CA, CPA, CMA courses abroad. But they have a very high computer literacy rate. Their computer literacy rate is about 85-90%. This is the reason they have no IT, ISCA paper.

But India is a developing country. Our Computer literacy rate is very poor. Blindly copying the curriculum of foreign accounting Institutes is a foolish thing.

ICAI will deprive the CA students of rural background of even basic IT / ISCA knowledge.

What kind of CA's will come up ? How will they appreciate the utility of Enterprise Resource Planning Softwares ?

Are we going back to BAHI-KHATA ??

The developed countries are way ahead in the field of ISCA/IT. This is a hot field. If Indian CA's will leave/ignore this field, CMA and other finance courses will take advantage of this.

If you have knowledge about practical issues of IT you will be valuable for any employer. We have to look beyond books. How many of CA students know about Crypto-Currencies like Bitcoin, MaxCoin, StarCoin,The case of MegaUpload, The case of Edward Snowden : NSA revelations, Julian Assange:The revelations of Wikileaks, The latest cyber war between USA and North Korea over the movie " The Interview", The closure of Piratebay .

To understand the intricasies of these events/stories, knowledge of ISCA/IT is of utmost importance.

We have IT and ISCA right now.But majority of students have no clues about above topics. Just imagine, what will happen when the knowledge of IT/ ISCA will be restricted to 2 three weeks trainings. This trainings will be a joke just like our GMCS I and II. Corporate world even doubt our 3 years training. Only Big4 training is given due respect.

If ICAI deletes ISCA, IT from its curriculum, the competitive advantage of a CA is bound to go down.

DHIRENDRA KUMAR (student) (266 Points)
Replied 12 February 2015

ICAI may update SFM for final course as per current market requirement. always realise that SFM is not as per market requiremet.

sanchi dixit (student) (22 Points)
Replied 12 February 2015

It is applicable from wch attempt?? :(

Swati (student) (37 Points)
Replied 12 February 2015

What if the student couldnt clear the second group in nov 2015 attempt but cleared the first group??

1 Like

PYUSH AGARWAL (STUDENT) (72 Points)
Replied 12 February 2015

It's applicable from Nov-2016

Pooja Yagnik (Consultant) (103 Points)
Replied 12 February 2015

What about direct entry criteria?? Still it will be same as earlier??

VAITHIYANATHAN ANJANA DHEVI (AUDIT ASSOCIATE) (26 Points)
Replied 12 February 2015

Internal financial control concepts are built on strong fundamentals on ISCA. It would be suicidal to ignore the subject.

1 Like

deepthi (mrs) (33 Points)
Replied 12 February 2015

What abt direct entry candidates... my attempt for ipcc as a direct entry student is due on may 2016

(Guest)

"To introduce an integrated question covering diverse topics in each paper of Final Examination"

Reason :

It would help testing overall knowledge, understanding and application skills of the students who would be entering the profession in near future.

Comment : A breath of fresh air

CA Jay Bhatt (Manager & Section Head) (320 Points)
Replied 12 February 2015

ICAI is proposing to replace its examination of ITSM & ISCA with the assessment test in the end of ICITSS. It is proposing the test to be more prectical then theoretical. I sincerely hope that this assessment test is taken with same level of sanctity as CA Examinations and give future CAs a real edge over other professionals.

Neet Agarwal (Article) (21 Points)
Replied 12 February 2015

I think it better to give practical training of Information technology rather than giving for study.. I think there is no relevance of ISCA as theory as we can not relate it with practical scenario.. So if institute start giving practical training on ISCA it would be okay to replace this subject with new course