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Registrations for New CA Course at the Institute of Chartered Accountants of India Increase to keep up with the changing dynamics of the Finance sector. Look below to know how the revision of the programme will help students.
The changing roles in the field of Accountancy have increased demand for a higher number of skilled professionals. Taking this aspect of the professional world into account, the Institute of Chartered Accountants of India (ICAI) examined and changed the CA (Chartered Accountancy) course in the year 2017. Candidates looking for an astounding career as a CA are now opting for this course that provides them with the liberty to choose between new and old syllabus.
This has been observed that more number of students are enrolling themselves in the new syllabus as it includes subjects that are synchronous with the changing dynamics of the finance sector across the world. After making changes in subjects at all levels (Intermediate, Foundation and Final), the course now includes subjects like Business Correspondence, International Taxation, Reporting, Commercial Knowledge, Business Knowledge, Finance, Economics and more. This revision of the courses completely aligns with the new job roles that CAs have been taking in planning strategies, financial modelling, forensic accounting, risk assessment, etc.
Also Read: CA Gets Recognition Equivalent to a Master’s Degree at IIM Jammu
On talking about the new programmes, the President of ICAI - Atul Kumar Gupta said that the changes were made with an objective to help students cope-up with the changing dynamics of economics and global business. He further assured that this course will help upgrade students’ technical competence, values, professional skills, attitudes and ethics.
One of the major reasons behind this revamping was that CA.s in the contemporary era are needed to excel in multiple fields like financial modelling, artificial intelligence, risk assessment, forensic accounting, risk management, auditing.
Also Read: Re-evaluation of CA Examinations
Despite the increased registrations in the new course, in the final CA assessment 2019, more students from the old syllabus qualified the examination than the students from new syllabus. However, the passing percentage of the new course students is increasing gradually as the number of enrollments are increasing in the course.
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