ICAI CA Admit Card 2019 released for May exam

ICAI CA CPT/ IPCC/ CA Final Admit Card 2019 released for May Exam

Institute of Chartered Accountants of India has released ICAI CA Admit Card 2019 on May 7, 2019. Candidates who will appear for the (IPCC, CA Foundation And CA Final )exam can visit the official site of ICAI at icaiexam.icai.org.

ICAI CA CPT/ IPCC/ CA Final Admit Card 2019

Institute of Chartered Accountants of India has released ICAI CA Admit Card 2019 on May 7, 2019. Candidates who will appear for the exam can visit the official site of ICAI at icaiexam.icai.org and download the admit card. ICAI will conduct group I & II for CA Foundation, CA Intermediate, CA Final Course and International taxation exam from May 10 to June 13, 2019.

Both old and new scheme CA exam will be conducted in the second half from 2 pm onwards.

The examination will be conducted in 193 centers across the country and in 5 centers overseas.

ICAI CA Admit Card 2019: Steps to download
Candidates can download the admit card through these simple steps given below.

  • Visit the official site of ICAI at icaiexam.icai.org
  • Candidates will have to login/register themselves through the login id.
  • Click on admit card link available on the newly opened page.
  • Download the admit card and keep a hard copy of the same for further need.

Recently, ICAI has revised exam dates for ICAI CA 2019 or Paper 3 and Paper 4 & 5 final exam. The reason for the postponement is due to certain unavoidable circumstances.

Direct Link to Download Admit Card

Earlier also the examination dates were revised due to the general elections 2019. The examination was scheduled to be conducted from May 2 to May 17, which was postponed to May 27 to June 12, 2019. For any related queries, candidates can visit the official site of ICAI for details.

Source :- TIMESNOWNEWS

ICAI releases e-version of a compendium of revised Indian Accounting Standards

Indian Accounting Standards

Chartered accountants’ body ICAI Thursday said it has released the e-version of a compendium of revised Indian Accounting Standards that incorporate new ICAI standard on leases among other amendments. As part of annual improvements, the Ind AS (Indian Accounting Standards), which is based on International Financial Reporting Standards (IFRS), undergo regular upgradation due to the issuance of new standards or amendments in existing standards by IFRS, the accounting body said in a release. The e-version of the compendium of Ind AS includes amendments that were made in Companies (Indian Accounting Standards) Amendment Rules and became effective on April 1. “During the previous year, there have been certain amendments to Ind AS which have all been incorporated in appropriate places and relevant standards in this updated a version of the compendium,” the release said.

The existing standard on leases has been replaced in the new accounting standards (Ind AS 116). “In the new lease accounting model for lessees, leases will be recognized on balance sheet by recognizing a lease liability with a corresponding ‘right-of-use’ asset,” it said. Ind AS 116 will have an impact on the financial statements of the firms. The extent of the impact would vary across industries depending on the financing and leasing structures prevalent in an industry, the release added. Similarly, the compendium also includes changes that provide guidance as to how uncertainty about a tax treatment should be reflected in the accounting for income tax.

Learn More:- ICAI CA Exam 2019

“The compendium of Ind AS will be highly useful to all stakeholders in particular prepares and auditors of financial statements. ICAI will also continue to engage in disseminating knowledge of these standards and the changes through a series of initiatives including webcasts, workshops, training programmes, and certificate courses,” Institute of Chartered Accountants (ICAI) President Prafulla P Chhajed said.

Source:- Download Here

ICAI CA Exam 2019

ICAI CA EXAM

ICAI CA Exam 2019: Significant changes introduced in CA Exam Pattern
The Institute of Chartered Accountancy of India (ICAI) released an official notice regarding the changes introduced in CA exam pattern from the May 2019 session onwards. CA Intermediate and CA Final exams are scheduled to be held from May 28-June 12 and May 27-June 11, 2019, respectively. Thus, candidates appearing for either of the two must check here to ensure that the introduced changes do not hinder their preparation. Some of the papers in CA Intermediate and CA Final have been shortlisted which will have both, descriptive questions and MCQs. However, the weightage of marks for long answer questions will be 70% and MCQs will be 30%. Following are the papers in CA Intermediate (revised) and CA IPC(existing), and CA Final (old and new) which will comprise of objective questions to the tune of 30 percent marks.

Learn More:- ICAI Announcement CA Exam Postponed Again

CA Intermediate/ IPCC

CA Intermediate CA IPCC
Paper No. Subject Paper No. Subject
2 Corporate and Other laws 2 Business Laws, Ethics and communication
4 Taxation 4 Taxation
6 Auditing and Assurance 6 Auditing and Assurance
7 Enterprise Information systems and strategic management 7 Information Technology and Strategic Management
CA Intermediate CA IPCC
Paper No. Subject Paper No Subject
2 Corporate and Other laws 2 Business Laws, Ethics and communication
4 Taxation 4 Taxation
6 Auditing and Assurance 6 Auditing and Assurance
7 Enterprise Information systems and strategic management 7 Information Technology and Strategic Management

Other than the change in the type of questions, candidates must know that each of the MCQs will carry 1-2 marks only and there will be no negative marking for incorrect responses. At the CA exam centre, test takers will be provided with OMR sheets for part I of the papers (MCQs) and answer booklets for part II (descriptive).

Source:- Download Here 

ICAI Announcement CA Exam Postponed Again

Icai exam

ICAI Announcement CA Exam Postponed Again

ICAI postpones CA foundation paper 3 and paper 4 & 5 of final exam 2019

Examination & PaperPrevious Notified DateRescheduled Date
Final (Old Scheme) Examination, (Group I),Paper -- 4, Corporate and Allied Laws.2nd June 2019 (Sunday)4th June 2019 (Tuesday)
Final (New Scheme) Examination, (Group I),Paper -- 4 Corporate and Economic Laws.2nd June 2019 (Sunday)4th June 2019 (Tuesday)
Final (Old Scheme) Examination, (Group II)Paper -- 5, Advanced
Management Accounting.
4th June 2019 (Tuesday)13th June 2019 (Thursday)
Final (New Scheme)Examination, (Group II),Paper -- 5 Strategic Cost Management & Performance Evaluation.4th June 2019 (Tuesday)13th June 2019 (Thursday)
Foundation Examination, Paper -- 3, Business Mathematics, Logical Reasoning and Statistics.

9th June 2019 (Sunday)13th June 2019 (Thursday)
Candidates are hereby informed that there will be no change in the schedule of examinations for other papers, as already notified. Candidates should note that the schedule of examinations for other papers, as notified on 11 March will remain the same.

Earlier, in view of Elections to the 17th Lok Sabha Parliamentary Constituencies across the country, the Chartered Accountant Examinations initially scheduled from May 2, 2019, to May 17, 2019, has been rescheduled and the said examinations will now be held from May 27, 2019, to June 12, 2019.

Foundation Course Examination -- Under New Scheme

4th, 7th, 9th & 11th June 2019

Intermediate (IPC) Course Examination -- Under Old Scheme

Group-I: 28th, 30th May & 1st & 3rd June 2019
Group-II: 6th, 8th & 10th June 2019

Intermediate Course Examination -- Under New Scheme

Group-I: 28th, 30th May & 1st & 3rd June 2019
Group-II: 6th, 8th, 10th & 12th June 2019

Final Course Examination -- Under Old Scheme

Group -I: 27th, 29th, 31st May & 2nd June 2019
Group -II: 4th, 7th, 9th & 11th June 2019

Final Examination -- Under New Scheme

Group -I: 27th, 29th, 31st May & 2nd June 2019
Group -II: 4th, 7th, 9th & 11th June 2019

 

Members’ Examination

 
International Taxation -- Assessment Test (INTT -- AT) 4th & 7th June 2019
 
No examination is scheduled on 5th June 2019 (Wednesday) on account of Id-ul-Fitr.

 
However, it may be noted that there would be no change in the examination schedule in the event of any day of the examination schedule mentioned above, being declared a Public Holiday by the Central Government or any State Government / Local Authority.
 
 
 

ICAI Important Announcement Board of Studies

ICAI Important Announcement Board of Studies

The assessment would be made partly goal in the below mentioned select papers at the Intermediate/IPCC and Final level with effect from May 2019 Examination under the new and old scheme of education and training.

Read:

ICAI Announcement

Intermediate (New Course)

IPCC (Old Course)

Paper

Subject

Paper

Subject

2

Corporate and Other Laws

2

Business Laws, Ethics & Communication

4

Taxation

4

Taxation

6

Auditing & Assurance

6

Auditing & Assurance

7

Enterprise Information System & Strategic Management

7

Information Technology & Strategic Management

ICAI Announcement New Syllabus

Final (New Course)

Final (Old Course)

Paper

Subject

Paper

Subject

3

Advanced Auditing and Professional Ethics

3

Advanced Auditing and Professional Ethics

4

Corporate and Economic Laws

4

Corporate and Allied Laws

7

Direct Tax Laws and International Taxation

7

Direct Tax

8

Indirect Tax Laws

8

Indirect Tax Laws

(i) In each of the above papers, the weightage for objective type questions would be 30%. The remaining questions i.e., 70% of the paper would be as per the present pattern of assessment.

(ii) The goal type questions will be for 30 Marks in each 100 marks paper. They would be in the nature of multiple choice questions (MCQs) carrying 1 or 2 marks. Each MCQ will have 4 options, out of which 1 option would be the correct answer. The 1 mark MCQs would be in the range of 10 to 16 MCQs; the 2 marks MCQs would be in the range of 7 to 10 MCQs.

(iii) The MCQs will be compulsory and there would be no internal or external choice in them.

(iv) The MCQs may be either knowledge-based or application-based. The skill level would be either “knowledge and comprehension” or “application and analysis”.

(v) There will be no negative marking for wrong answers.

(vi) No reasoning is required for answers to MCQs.

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