Introduction
ICAI has announced New Scheme of Education and Training on 1st July, 2023, Which will be applicable from May 2024.
What are the Subjects Under ICAI Online Self Paced Modules?
The Self-Paced Modules consist of four sets, with each set focusing on a single subject. In other words, there are four subjects in total, each corresponding to one set.
Here is the List of Subjects Under ICAI Self Paced Modules
SET A: Corporate and Economic Laws (100 Marks) [Mandatory]
SET B: Strategic Cost & Performance Management (100 Marks) [Mandatory]
SET C: Elective (Choose any one) (100 Marks)
1.Risk Management
2.Sustainable Development and Sustainability Reporting
3.Public Finance and Government Accounting
4.The Insolvency and Bankruptcy Code, 2016
5.International Taxation
6.The Arbitration and Conciliation Act, 1996
7.Forensic Accounting
8.Valuation
9.Financial Services and Capital Markets
10.Forex and Treasury Management
SET D: Multidisciplinary (Choose any one) (100 Marks)
1.The Constitution of India and Art of Advocacy
2.Psychology & Philosophy
3.Entrepreneurship and Start-Up Ecosystem
4.Digital Ecosystem and Controls
Do we have choice in SET A and B in Self Modules of ICAI?
No, We do not have any choice in SET A & B these are compulsory in nature that means you can skip these modules, In SET C & D we have choices to select any one of the subject which we have more interest.
How will be the Self Paced Module Exams will be Conducted?
Self Paced Modules are home based modules, students do not need to visit any exam centre to give the exams, It will be conducted online through the ICAI's Virtual Learning Environment (VLE). The exams will be proctored to ensure that they are conducted fairly and securely. Students will get the result after 15 days, also these exams will be conducted on quarterly basis, Calculator is allowed during the exams.
Also date will be announced advanced on ICAI's official website.Students have to score at least 50% in each subjects to qualify the self paced modules, There will be no restriction on number of attempts, One can give the exam until qualifies, There will be no negative marking in MCQs.
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How to Register for ICAI Self Paced Modules?
Students who have cleared both groups of their CA Inter are eligible to register for the CA Final. There will be no distinct registration process for the Self-Paced Modules. Upon registration for the CA Final, you will automatically be enrolled for the ICAI Online Self-Paced Modules. Furthermore, there will be no additional fee required for the registration of the Self-Paced Modules. To initiate the registration for the CA Final, please proceed to ICAI's Self-Service Portal (SSP Portal).
How to get ICAI Self Paced Module Books?
ICAI's Self-Paced module books will be accessible on the official website in the form of E-books. However, SET A & B books will be deliver at your home address. Conversely, SET C & D materials will exclusively be accessible in E-book format. Additionally, video lectures by experts will also be accessible on ICAI's official website.
Additionally you can not give CA Final unless you clear self Paced Module exams, The knowledge for SET A & B require expert knowledge while while SET C & D will require working knowledge,
Total Fees for CA Final Under New Scheme of Education and training is Rs 22000. It will be valid for 10 years once you registered.
When was the New Scheme of Education and Training announced by ICAI?
The New Scheme of Education and Training was announced by ICAI on July 1, 2023.
From when will the New Scheme of Education and Training become applicable?
The New Scheme of Education and Training will be applicable from May 2024.
When is the last exam scheduled for the old CA course under the current scheme?
The last exam for the old CA course under the current scheme is set to take place in November 2023.
What are the contents of ICAI's Online Self-Paced Modules?
ICAI's Online Self-Paced Modules consist of four sets: Set A, Set B, Set C, and Set D, covering various subjects in the CA curriculum.
Which sets are mandatory in the Self-Paced Modules, and which ones offer choices?
Sets A and B are compulsory, while Sets C and D offer choices for subjects.
How will the exams for the Self-Paced Modules be conducted?
The exams for the Self-Paced Modules will be conducted online through ICAI's Virtual Learning Environment (VLE). They are proctored to ensure fairness and security, and calculators are allowed during the exams. Results are provided within 15 days of the exam.
Who is eligible to register for the CA Final and the Self-Paced Modules?
Students who have cleared both groups of their CA Inter are eligible to register for the CA Final and are automatically enrolled in the Self-Paced Modules.
Where can I find the study materials for the Self-Paced Modules, and what formats are they available in?
The study materials for the Self-Paced Modules are available as E-books on ICAI's official website. Additionally, physical delivery is arranged for SET A & B books, while SET C & D materials are accessible only in E-book format.
Is there an additional fee required for registering in the Self-Paced Modules?
No, there is no additional fee required for registering in the Self-Paced Modules. Registration for the CA Final automatically includes enrollment in the Self-Paced Modules.
Can I take the CA Final exam without completing the Self-Paced Module exams?
No, you cannot appear for the CA Final until you have successfully cleared the Self-Paced Module exams. These module exams are a prerequisite for taking the CA Final exam under the New Scheme.