GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

 RAJYA SABHA UNSTARRED QUESTION NO. 2423 ANSWERED ON TUESDAY, THE 8^th AUGUST 2017

 REVISION IN THE SYLLABUS OF CHARTERED ACCOUNTANCY COURSES

QUESTION

 SHRI D. KUPENDRA REDDY:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

• whether Government has made revision/modification in the syllabus of the Chartered Accountancy courses and other related courses, if so, the details thereof; and
• whether the existing practicing professionals are being imparted training for their updation, if so, the details thereof?

 ANSWER

 THE MINISTER OF STATE IN THE

MINISTRY OF CORPORATE AFFAIRS

(SHRI ARJUN RAM MEGHWAL)

(a) & (b). The curriculum of the Chartered Accountancy (CA) courses has been recently revised by the Institute of Chartered Accountants of India (ICAI) and the details are at Annexure-A. The Institute provides continuous learning / training to its Members through the Continuing Professional Education Committee (CPEC). All the Members of the ICAI, whether in practice or in service, are mandatorily required to meet CPE credit hours requirements.

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  Annexure ‘A’ 

ANNEXURE REFERRED TO IN REPLY TO PART (a) & (b) OF THE UNSTARRED QUESTION NO. 2423 FOR ANSWER IN RAJYA SABHA ON 08.08.2017.

(i).     Inclusion of New Subjects

 

Foundation Course	Intermediate Course	Final Course
Business Correspondence & Reporting	Economics      for Finance	International Taxation- 30 Marks Core Paper
Logical Reasoning	Cost                  & Management Accounting (increased from 50 to 100 marks)	Introduction of Electives – Case for specialization •        Risk Management •        International Taxation •        Economic Laws •        Financial Services & Capital Markets •        Global             Financial             Reporting Standards •        Multi-disciplinary Case Study
Business                & Commercial Knowledge

(ii).   Inclusion of New Concept – Study Guide

• The concept of Study Guideline has been introduced to indicate specific inclusions in and exclusions from the syllabus before each examination.
• Certain topics are excluded in the revised syllabus by way of Study Guideline in certain subjects like Taxation, Laws, Accounts & Auditing.

(iii).  Addition of Current/Contemporary relevant Topics

Course	Subject	Details
Foundation Level	Business Economics	Demand Forecasting, Business Cycles
Intermediate Level	Accounts/Financial Reporting	Ind AS, Royalty, Ratios and their computation, Analysis of Financial Statements, Accounting for Carbon Credits, Accounting for E-Commerce, Integrated reporting & CSR reporting.
Corporate & Other Laws	Limited Liability Partnership (LLP), Companies      Act      2013,       Foreign Contribution Regulation Act, 2010, The General Clauses Act, 1897, Insolvency & Bankruptcy Code 2016, Arbitration & Conciliation Act, 1996.
Taxation          –             Indirect Taxes	Goods and Services Tax
Cost & Management Accounting	Cost Sheet, Unit Costing, Activity based Costing, Short term decision making in Marginal Costing.
	Audit	Insertion of detailed contents of SQC 1, Audit Strategy, Audit of LLPs, Cooperative Societies, Stock & Debtors (Unit inspection), Quality Review, Audit Report & Certificate for Special Purpose Engagements, Special aspects of Auditing in automated environment.
Enterprise Information Systems	Financial & Accounting Systems- Modules: XBRL, Business Reporting & Compliance requirements, Core Banking Systems – Core modules, Data Analytics & Business Intelligence.
Strategic Management	Competitive Landscape, Strategic alliances, Entrepreneurship and Intrapreneurship, Strategy Audit, Core Competence & Competitive Advantage.
Financial Management	Dividend Decision, Leasing, Risk analysis in Capital Budgeting.
Final Level	Strategic         Financial Management	Indian Financial System, Risk Management, Islamic Finance, Start Up Finance & SMEs.
Cost Management & Decision Making	Supply Chain Management, Environmental Management Accounting, Ethical & Non-Financial consideration in decision making, Beyond Budgeting, Performance Measurement models- pyramids, prism & building blocks, Six Sigma, Cost Management in Specific Sectors: Agriculture, Power and Integrated Case Study.
Indirect Taxes	Goods and Services Tax

(iv). Deletion of Redundant Topics

Course	Subject	Details
Intermediate Level	Corporate Laws	The Payment of Bonus Act, 1965, The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, The Payment of Gratuity Act, 1972 – C&AG and its constitutional role, Audit of Hire purchase and Leasing Company – Audit
Indirect Taxes	Service tax, Excise Duty, CST, VAT etc.
Audit	Cost Audit
Strategic Management	Six Sigma, TQM
	Enterprise Information Systems	Telecommunication and Networks related concepts, Business Information Systems.
Financial Management	Fund Flow Statement.

http://164.100.158.235/question/annex/243/Au2423.pdf

 

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