ÔĽŅ ICAIs announcement relating to exemptions for Intermediate May 2018 exams - CAprep18
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ICAI's announcement relating to exemptions for Intermediate May 2018 exams

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Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations.

New Scheme of Education of the CA course, has been implemented with effect from 1 st July 2017. The Examinations at various levels under the New Scheme of Education and Training will be held with effect from May 2018 examination onwards.

Examinations under the existing scheme of education at various levels of the course will continue to be held as per the schedule already announced.

The Council of the Institute has decided to grant the following exemptions under new syllabus approved by it under sub-regulation (4) of regulation 28G in respect of Intermediate Examination and under clause (iv) of regulation 31 of the Chartered Accountants Regulations, 1988 in respect of Final Examination for existing students in respect of the group/paper qualified by them under the old scheme:-

1. Intermediate Examination

 (i)  Exemption from appearing in a paper or papers on the basis of securing sixty per cent marks

The Council decided to continue to award exemption in a paper or papers to a candidate, granted earlier in the Intermediate (Integrated Professional Competence) Examination under the syllabus approved by the Council under sub-regulation (3) of regulation 28E for the unexpired chance or chances of that exemption in the corresponding paper or papers, in which he has secured exemption if the corresponding paper(s) exist(s) in the new syllabus approved by the Council under sub-regulation (4) of regulation 28G.

Accordingly, the status of exemptions available to a candidate who had been granted exemption in paper(s) in the Intermediate examination, on the basis of having secured a minimum of sixty marks in paper(s), for the un-expired chance(s) will be as follows:

Exemption in paper/s granted in the Intermediate (IPC) Examination

Exemption in corresponding paper/s in the Intermediate Examination under regulation 28G(4), w.e.f May 2018.

Group I- Paper1 :Accounting

Group I- Paper1 : 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 AND 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

(ii) Group-wise Exemption:

Further, the Council decided to grant exemption(s) to a candidate of the Intermediate (New) Syllabus, on the basis of group(s) passed, under the Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence) Examination, as mentioned in the table below.

(ii) Group-wise Exemption:

Further, the Council decided to grant exemption(s) to a candidate of the Intermediate (New) Syllabus, on the basis of group(s) passed, under the Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence) Examination, as mentioned in the table below.

Table referred to hereinabove

GROUP PASSED IN INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE)/ INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION 

GROUP TO BE PASSED IN THE INTERMEDIATE EXAMINATION UNDER REGULATION 28G (4) 

Students who have passed Group–I 

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 

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 in the above table.

(III) Unit Scheme

The Council also approved the “Unit” Scheme as per attachment for those candidates who had completed one of the Groups under the erstwhile Intermediate Examination under the syllabus as specified in paragraph 2A of Schedule B to Chartered Accountants Regulations 1988 (held in November 1994 or thereafter) or Professional Education (Examination II) or Professional Competence Examination (PCE), or Intermediate (Professional Competence) Examination, or Integrated Professional Competence Examination or Intermediate (IPC) Examination and are desirous of completing the Intermediate Course (New) Syllabus

SINGLE GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II )

GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II ) 

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION 

DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE 

Group I (Group I passed and opts for balance papers of Group I in Intermediate)

1.       Advanced Accounting/Accounting

2.Auditing  

3.Corporate and Other Laws/Business and Corporate Laws 

Group I Paper 1 : Accounting and

Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws 

UNIT 4A

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes 

Group II (Group II passed and opts for balance papers of Group II in Intermediate)

4.Cost Accounting/Cost Accounting and Financial Management

5.Income Tax and Central Sales Tax

6. Organisation & Management and Fundamentals of Electronic Data Processing/Information Technology 

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management

Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

UNIT 5A

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance 

SINGLE GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II)

GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE

Group I (Group I passed and opts for balance papers of Group II in Intermediate) 1.Advanced Accounting/Accounting 2.Auditing

3. Corporate and Other Laws/Business and Corporate Laws 

Group II Paper 5 :Advanced Accounting

Group II Paper 6 :Auditing and Assurance 

UNIT 6A

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

 Part I: Financial Management Part II: Economics for Finance 

Group II (Group II passed and opts for balance papers of Group I in Intermediate)

4.Cost Accounting/Cost Accounting and Financial Management

5.Income Tax and Central Sales Tax

6. Organization & Management and Fundamentals of Electronic Data Processing/Information Technology 

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation Part I: Income Tax Law Part II: Indirect Taxes 

UNIT 7A Group I Paper 1 : Accounting Group I Paper 2: Corporate & Other Laws Part I : Corporate Laws Part II: Other Laws 

SINGLE GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II)

GROUP PASSED IN INTERMEDIATE UNDER PARAGRAPH 2A OF SCHEDULE ‘B’ OR PROFESSIONAL EDUCATION (EXAMINATION– II )

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE

Group I (Group I passed and opts for balance papers of both Groups in Intermediate) 1.Advanced Accounting/Accounting

2. Auditing

3. Corporate and Other Laws/Business and Corporate Laws 

Group I Paper 1 : Accounting Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws

Group II Paper 5 :Advanced Accounting

Group II Paper 6 :Auditing and Assurance 

Unit 8A

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Group II (Group II passed and opts for balance papers of Both Groups in Intermediate)

4.Cost Accounting/Cost Accounting and Financial Management

 5. Income Tax and Central Sales Tax

6. Organisation & Management and Fundamentals of Electronic Data Processing/ Information Technology 

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Unit 9A

Group I Paper 1 : Accounting and Group I Paper 2: Corporate & Other Laws

Part I : Company law

Part II: Other Laws

 

Group II Paper 5 :Advanced Accounting

 

Group II Paper 6 :Auditing and Assurance 

SINGLE GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE

Group I (Group I passed and opts for balance papers of Group I in Intermediate)

Paper 1:Advanced Accounting Paper 2:Auditing and Assurance Paper 3: Laws, Ethics and Communication 

Group I Paper 1 : Accounting Group I Paper 2: Corporate & Other Laws Part I : Company law Part II: Other Laws 

Unit 4A

 Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

 Part I: Income Tax Law

Part II: Indirect Taxes 

Group II (Group II passed and opts for balance papers of Group II in Intermediate)

Paper 4: Cost Accounting and Financial Management

Paper 5: Taxation

Paper 6: Information Technology & Strategic Management 

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Unit 5A

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance 

SINGLE GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE RE QUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE

Group I (Group I passed and opts for balance papers of Group II in Intermediate)

Paper 1:Advanced Accounting Paper 2:Auditing and Assurance Paper 3: Laws, Ethics and Communication 

Group II Paper 5 :Advanced Accounting

Group II Paper 6 :Auditing and Assurance 

Unit 6A

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Group II (Group II passed and opts for balance papers of Group I in Intermediate)

Paper 4: Cost Accounting and Financial Management

Paper 5: Taxation

Paper 6: Information Technology & Strategic Management 

Group I Paper 3: Cost and Management Accounting

 

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes 

Unit 7A

Group I Paper 1 : Accounting and

Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws 

SINGLE GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

GROUP PASSED IN PROFESSIONAL COMPETENCE EXAMINATION

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION

DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE

Group I (Group I passed and opts for balance papers of Both Groups in Intermediate)

Paper 1:Advanced Accounting Paper 2:Auditing and Assurance Paper 3: Laws, Ethics and Communication 

Group I Paper 1 : Accounting Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws

Group II Paper 5: Advanced Accounting

Group II Paper 6: Auditing and Assurance 

Unit 8A

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Group II (Group II passed and opts for balance papers of Both Groups in Intermediate)

Paper 4: Cost Accounting and Financial Management

Paper 5: Taxation

Paper 6: Information Technology & Strategic Management 

Group I Paper 3: Cost and Management Accounting

Group I Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes

 

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management

Group II Paper 8: Financial Management & Economics for Finance

Part I: Financial Management Part II: Economics for Finance 

Unit 9A

Group I Paper 1 : Accounting and

Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws

Group II Paper 5 :Advanced Accounting

Group II Paper 6 :Auditing and Assurance 

GROUP I PASSED IN INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) / INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION

GROUP PASSED IN INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) / INTEGRATED PROFESSIONAL COMPETENCE COURSE 

EXEMPTIONS ENTITLED FOR IN INTERMEDIATE EXAMINATION 

DETAILS OF PAPERS IN WHICH CANDIDATES ARE REQUIRED TO APPEAR AND PASS IN ONE SITTING AS A UNIT IN INTERMEDIATE 

Group I (Group I passed and opts for balance papers of Intermediate)

Paper 1: Accounting

Paper 2: Business Laws, Ethics and Communication

Paper 3: Cost Accounting and Financial Management

Paper 4: Taxation

Part I: Income Tax

Part II: Indirect Taxes 

Group I Paper 1: Accounting Group I Paper 2: Corporate & Other Laws

Part I : Company Law

Part II: Other Laws Paper 3: Cost and Management Accounting Paper 4: Taxation

Part I: Income Tax Law

Part II: Indirect Taxes

Paper 8: Financial Management & Economics for Finance Section A: Financial Management

Section B: Economics for Finance 

UNIT-10

Group II Paper 5 : Advanced Accounting

Group II Paper 6 : Auditing and Assurance

Group II Paper 7: Enterprise Information Systems & Strategic Management

Part I: Enterprise Information Systems

Part II: Strategic Management 

Source:

https://resource.cdn.icai.org/48229icaiexamannoun-exemnse.pdf

https://resource.cdn.icai.org/48230icaiexamannoun-usi.pdf

 

Related Cource Materials

CA Intermediate Mock Test

CA Intermediate Sample Papers

CA Intermediate Syllabus

Further, the Council decided to grant exemption(s) to a candidate of the Intermediate (New) Syllabus, on the basis of group(s) passed, under the Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence) Examination, as mentioned in the table below.

Table referred to hereinabove

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