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CA M Devaraja Reddy, President, ICAI glad to inform that in order to popularize Commerce Education among the students studying in Class IX,X, XI, XII, The Career Counselling Committee (CCC) of the ICAI  conducting a Commerce Talent Search Test called an ICAI Commerce Wizard - 2016

The Commerce Wizard will be conducted at two levels for Class IX&X and XI&XII separately:

Level 1 Test: The first level of the test will be organized through online arrangement. The candidates can appear the aforesaid online test from the home or any convenient place through their Laptop/Desktop/Mobile. The aforesaid test will be conducted on 11th Dec 2016. There are 100 questions (100 marks) objective type (Multiple Choices) questions of 75 minutes duration, 25 questions (25 marks) from each section.

Level 2 Test: The level 2 test will be conducted by means classroom written test in the designated Centre as decided by the Test Management Committee through Printed Question papers & OMR answer sheets for shortlisted candidates of level 1. The aforesaid test will be conducted on 8th January, 2017. There are 100 questions (100 marks) objective type (Multiple Choices) questions of 90 minutes duration, 25 questions (25 marks) from each section.

There is negative marking of 0.25 for every wrong answer. No negative marking for un-attempted answers in. Both tests will be conducted in English language only. ICAI Commerce Wizard will be covering the subjects like Business Studies, Mathematics, Current Economic affair & Aptitude for class IX & X students and Business Mathematics; Economics & Fundamentals of Accounting & Aptitude for the students of class XI & XII.

CA M. Devaraja Reddy, President, ICAI stressed on ICAI Commerce Wizard - 2016 will act as a tool for talent search in Commerce stream, facilitate selection of meritorious students to grant financial award as well recognition; in turn motivate to achieve excellence & act as a tool for empowerment of the students.

CA Nilesh Shivji Vikamsey, Vice President, ICAI lauded that the ICAI Commerce Wizard is an aptitude test intends to create awareness in Commerce & allied subjects. He also spoke about the ICAI Commerce Wizard 2016 test will be a tool to educate, motivate the students of country to achieve excellence in commerce stream.

CA Mukesh Singh Kushwah
Chairman Career Counselling Committee, ICAI

Revised Scheme of Education and Training for Chartered Accountancy Course
Revised Scheme: Route I - Foundation Course 

Under the Foundation Course Route, the following steps are required

• Register with Board of Studies (BoS) after appearing in Class XII examination.

• Appear for Foundation examination after four months of study period. The first Foundation examination can be taken in November/May, as applicable, after passing of Class XII examination.

• Qualify Foundation Course.

• Register with the BoS for the Intermediate Course.

• Complete 8 months of study course.

• Appear and Pass in either or both Groups of Intermediate Course.

• Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training.

• Register for Three years Practical Training on passing either or both the Groups of Intermediate.

• Register for the Final Course after qualifying both the Groups of Intermediate Course

• Successfully complete Four Weeks Advanced ICITSS during the last two years Practical Training.

• Appear in Final examination during last six months of practical training and after successfully qualifying the Advanced ICITSS.

• Complete Practical Training.

• Become Member. 

Revised Scheme: Route II - Direct Entry route

The ICAI allows Commerce Graduates / Post Graduates (with minimum 55% marks) or Other Graduates / Post-Graduates (with minimum 60% marks) and Intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India to enter directly to its Intermediate Course.

The following steps are required to be undertaken by the eligible Graduates and Post Graduates under this route:

• Register with the BOS for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).

• Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training.

• Register for Three Years Practical Training.

• Appear in Intermediate Examination after nine months of Practical Training.

• Qualify Intermediate Course.

• Register for the Final Course after qualifying both Groups of Intermediate Course.

• Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.

• Appear in Final examination during last six months of practical training and after successfully qualifying the Advanced ICITSS.

• Complete Practical Training.

• Become Member

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