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Kindly note: The topic is applicable only for those students who have converted from old course to new course and have one or more paper exempt or either group cleared in earlier scheme and want to appear remaining group/papers as per new course. For those who had not converted from old course to new course can continue as per old course and can appear in exam as per old syllabus structure.
Good news for those CA Students who have converted from old scheme of IPC and Final to New Course of Intermediate and Final. Such students have converted from old scheme to new scheme and having exemption in respective papers/group will be eligible exemption in new scheme of education.
Kindly note: The topic is applicable only for those students who are converted from old course to new course and have one or more paper exempt or either group cleared in earlier scheme. For those who has not converted from old course to new course can continue as per old course and can appear in exam as per old syllabus structure.
Those students had scored 60 or more marks in earlier scheme will be eligible for exemption in new scheme as per the eligibility criteria provided by ICAI on their announcement dated 09th of Jan 2018. The Exemption eligibility as follows:
For IPC Students who have converted to Intermediate Course
|Exemption availed in IPC||Exemption will available
|Group I- Paper 1 :Accounting||Group I- Paper 1 : Accounting|
|Group I- Paper 2: Business Laws, Ethics and Communication||Group I- Paper 2: Corporate & Other Laws|
|Group I- Paper 3: Cost Accounting and Financial Management||Group I- Paper 3: Cost and Management Accounting
Group II- Paper 8: Financial Management & Economics for Finance
|Group I- Paper 4: Taxation||Group I- Paper 4: Taxation
Section A: Income Tax Law
Section B: Indirect Taxes
|Group II- Paper 5: Advanced Accounting||Group II- Paper 5: Advanced Accounting|
|Group II- Paper 6: Auditing and Assurance||Group II- Paper 6: Auditing and Assurance|
|Group II- Paper 7: Information Technology & Strategic Management
Section A: Information Technology
Section B: Strategic Management
|Group II- Paper 7: Enterprise Information Systems & Strategic Management
Section A: Enterprise Information Systems
Section B: Strategic Management
Group-wise Exemption for Intermediate Students
Those Students who have passed Group–I of IPC have to pass Group-II of Intermediate examination excluding Paper no. 8 of Group –II of Intermediate examination ( Unit 10- i.e. Paper 5, 6 and 7 of Intermediate examination-New Syllabus )
Students who have passed Group–II of IPC have to pass Group-I of Intermediate examination.
In other words, students who have passed one of the groups of Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence)Examination but not both the groups of the said examinations are required to appear in the remaining group of the Intermediate Examination as mentioned above.
For Final Students who have converted from Old to New Course
|Exemption availed in Final Old||Exemption will available
in Final New
|Paper 1 : Financial Reporting||Paper 1:Financial Reporting|
|Paper 2 : Strategic Financial Management||Paper 2 : Strategic Financial Management|
|Paper 3 : Advanced Auditing and Professional Ethics||Paper 3: Advanced Auditing and Professional Ethics|
|Paper 4 : Corporate and Allied Laws||Paper 4 : Corporate and Economic Laws|
|Paper 5 : Advanced Management Accounting||Paper 5 : Strategic Cost Management and Performance Evaluation|
|Paper 6 : Information Systems Control And Audit||Nil. Since there is no corresponding paper in the New Course|
|Paper 7 : Direct Tax Laws||Paper 7 : Direct Tax Laws & International Taxation|
|Paper 8 : Indirect Tax Laws||Paper 8 : Indirect Tax Laws|
Group-wise Exemption for Final Students
Students who have passed Group–I have to pass Group-II of Final (New) course and complete Advanced ICITSS and pass the test thereunder.
Students who have passed Group–II have to pass Group-I of Final (New) course and complete Advanced ICITSS and pass the test thereunder.
In other words, students who have passed one of the groups under the syllabus as mentioned above shall be treated as having passed in that particular group and are required to appear in the remaining group of Final (New) examination under Regulation 31(iv) in order to pass the CA Final Examination to be held w.e.f May 2018 onwards. .