75282bos Transition Scheme Nset

The Institute of Chartered Accountants of India
New Scheme of Education

and Training
Board of Studies (Academic)
Conversion (Transition)
Scheme
1
Contents
Salient Features of New Scheme of Education and Training
Implementation Schedule
Papers at Foundation, Intermediate & Final Levels
New Scheme of Education and Training at a Glance
Notable Points of Conversion (Transition) Scheme
Scenarios of Conversion (Transition) Scheme

Old Scheme vs New Scheme | Foundation
Board ofLevel | Intermediate
Studies (Academic), ICAI Level | Final Level | Practical Training
2
Salient Features of New Scheme of Education and Training
 Redefined Curriculum with 6 papers each at Inter & Final Level

 2 Years of Uninterrupted Practical Training
 Experiential Learning with Self-Paced Online Modules
 Multi-disciplinary Subjects and Specialization
 Ethics & Technology in all Core Subjects at Final Level
 Focus on Strategic Decision Making for Providing Business Solutions
 Emphasis on Emerging Technologies Training
 30% MCQ based Examination at Inter and Final Level
 Recognition as Business Accounting Associate (BAA) – An Exit Route
 Country Specific International Curriculum & Training
3
Implementation Schedule
Registration would Last Exam under Old First Exam under New
Course/ Training
commence from Scheme Scheme
Foundation 2nd August, 2023 December, 2023 June, 2024
Intermediate 1st July, 2023 November, 2023 May, 2024
Final 1st July, 2023 November, 2023 May, 2024
Two years of
Will be applicable from 1st July 2023.
Practical Training
Self-Paced Online
Commenced from 1st July, 2023.
Modules
4
Papers at Foundation Level in New Scheme
Subjects
Paper - 1 : Accounting (100 Marks)
Paper - 2 : Business Laws (100 Marks)
Paper - 3 : Quantitative Aptitude (100 Marks)

 Business Mathematics
 Logical reasoning
 Statistics
Paper - 4 : Business Economics (100 Marks)
5
Papers at Intermediate Level in New Scheme
Subjects
Group I
Paper - 1 : Advanced Accounting (100 Marks)
Paper - 2 : Corporate and Other Laws (100 marks)
Paper - 3 : Taxation
Section A - Income-tax Law (50 Marks)
Section B - Goods and Services Tax (GST) (50 Marks)
Group II
Paper - 4 : Cost and Management Accounting (100 Marks)
Paper - 5 : Auditing and Ethics (100 Marks)
Paper - 6A : Financial Management (50 Marks)
Paper - 6B : Strategic Management (50 Marks)
6
Self-Paced Online Modules - Subjects
Set A Set D (any one to be

Set C (any one to be selected)
(compulsory) selected)
Corporate & • Risk Management • The Constitution of India & Art
• Sustainable Development and of Advocacy
Economic Laws
Sustainability Reporting • Psychology & Philosophy
• Public Finance and Government • Entrepreneurship & Start-up
Accounting Ecosystem
• The Insolvency and Bankruptcy Code, • Digital Ecosystem and Controls
Set B 2016
(compulsory) • International Taxation
• The Arbitration and Conciliation Act,
Strategic Cost and 1996
Performance • Forensic Accounting
Management • Valuation
• Financial Services and Capital Markets
• Forex and Treasury Management
7
Papers at Final Level in New Scheme
Subjects
Group I
Paper - 1 : Financial Reporting
Paper - 2 : Advanced Financial Management
Paper - 3 : Advanced Auditing, Assurance and Professional Ethics
Group II
Paper - 4 : Direct Tax Laws and International Taxation
Paper - 5 : Indirect Tax Laws
Paper - 6 : Integrated Business Solutions
(Multi-disciplinary case study with Strategic Management)
8
Flow Chart of New
Scheme of Education
and Training
9
Notable Points for
Conversion (Transition)
Scheme
Board of Studies (Academic), ICAI 10

All old students will be automatically converted without any fee in the New Scheme
1 after declaration of November/December, 2023 Examination results.
After conversion:
1. If you have not ordered the Study Material earlier, you may make the requisition for
the Study Material under the New Scheme of Education and Training on Centralized
2 Distribution System (CDS) portal without making any payment.
2. If you have already taken the Study Material, you may order the Study Material
under the New Scheme of Education and Training through CDS portal after paying
Rs.500/- (Foundation Course) or Rs.1,000/- (Intermediate Course) or Rs.1,000/-
(Final Course), as the case may be.
Group-wise and paper-wise exemption will be announced by the Examination

3 Department separately.
4 Self-Paced Online Modules can be undergone only after passing both Groups of
Intermediate Examinations and registering for Final Course.
Students who have qualified both Groups of Intermediate (8 Papers) are exempted
5 from undergoing Self-Paced Online Modules SET-C & SET-D.
Exemption in Self-Paced Online Modules in either SET-C or SET-D will be applicable for
6 students who have passed seven papers at the Intermediate level.
Final Course Students unsuccessful in Old Scheme will appear in May, 2024 Examination
under New Scheme after automatic conversion. Such Students may qualify Self-Paced
Online Modules, as applicable, after passing May, 2024 Examination but before applying
7 for membership. If unsuccessful in May, 2024 Examination, the student would be
eligible for subsequent Examination only after qualifying Self-Paced Online Modules, as
applicable. Board of Studies (Academic), ICAI
12
8 Students who have commenced Practical Training by 30th June, 2023 will –
continue to do 3 years of Practical Training,
be entitled for 156 leaves (1095 x 1/7 days),
have to undergo AICITSS Course during the Practical Training but compulsorily
before appearing in the Examinations,
be eligible to appear for Final Examination under the New Scheme (two groups
comprising of six papers) in the last six months of their Practical Training subject
to qualifying the Self-Paced Online Modules, as applicable.
13
Students who have passed either group of Intermediate and did not
9 commence their 3 years of Practical Training till 30th June, 2023 will –
have to pass both groups of Intermediate and thereafter commence the Practical
Training of 2 years with simultaneously registering for Final Course,
be entitled for 12 days of leaves per year,

.
have to undergo AICITSS Course after completion of two years of Practical
Training but compulsorily before appearing in the Examinations,
be eligible to appear for Final Examination under the New Scheme after six
months from Practical Training subject to qualifying the Self-Paced Online
Modules, as applicable.
14
10 Students provisionally registered in Intermediate under Direct Entry Route will –
 be automatically converted in the New Scheme,

 be eligible to appear in the Intermediate Examination on completion of 8 months study
period from the date of provisional registration and after passing Graduation with minimum
% of marks and uploading the final year graduation Marksheet/Certificate,
 have to pass both the groups of Intermediate examination and thereafter can commence the
Practical Training of 2 years with simultaneously registering for Final Course,
 be entitled for 12 days of leaves per year,
 have to undergo AICITSS Course after completion of two years of Practical Training but
compulsorily before appearing in the Examinations,
 be eligible to appear for Final Examination under the New Scheme after six months from
Practical Training subject to qualifying the Self-Paced Online Modules.
15
Students who will appear in November, 2023 Final Examination in the Old
11 Scheme and pass one of the groups will –
 be automatically converted in the New Scheme,

 be exempted in the remaining group/Unit/ Paper, as the case may be. Self-Paced Online
Modules i.e. C & D will be exempted,
 have to qualify Self-Paced Online Modules A or B, as applicable, before applying for
membership. If unsuccessful in May, 2024, the student would be eligible for subsequent
examination only after qualifying Self-Paced Online Modules A or B, as applicable,
 continue to do 3 years of Practical Training,
 be entitled for 156 leaves (1095 x 1/7 days),
 have to undergo AICITSS Course during the Practical Training but compulsorily before
appearing in the Examinations.
16
Validity of Conversion period in the New Scheme is

as under:-
Foundation Four years from the date of Conversion for existing students. Thereafter,
Course: no revalidation is allowed.
Five years from the date of Conversion in the New Scheme. Thereafter,
Intermediate students are allowed to revalidate the Intermediate registration only
Course: once in New Scheme.
Ten years from the date of Conversion. Thereafter, revalidation is

Final Course: allowed after every 10 years.
17
Business Accounting Associate (BAA)
A candidate would be awarded the certificate of Business

Accounting Associate (BAA) on fulfilment of following criteria –
a) Passed both Groups of intermediate level examination,
b) Completed his Practical Training,
c) Completed the AICITSS,
d) Qualified the Self-Paced Online Modules, as applicable.
18
Old Scheme vs New
Scheme
Foundation Intermediate Practical

Final Level
Level Level Training

Old Scheme vs New Scheme
Intermediate Group 1 Intermediate Group 2 Final Group 1 Final Group 2

1. Accounting 5. Advanced Accounting 1. Financial Reporting 5. Strategic Cost
Old Scheme
2. Corporate & Other Laws 6. Auditing and Assurance 2. Strategic Financial Management and
3. Cost and Management 7. Enterprise Information Management Performance Evaluation
Accounting Systems and Strategic 3. Advanced Auditing and 6. Elective papers 6A – 6F
4. Taxation Management Professional Ethics 7. Direct Tax Laws and
8. Financial Management and 4. Corporate and Economic International Taxation
Economics for Finance Laws 8. Indirect Tax Laws
Intermediate Group 1 Intermediate Group 2 Final Group 1 Final Group 2

1. Advanced Accounting 4. Cost and Management 1. Financial Reporting 4. Direct Tax Laws and
2. Corporate & Other Laws 2. Advanced Financial International Taxation
New Scheme
Accounting
3. Taxation 5. Auditing and Ethics Management 5. Indirect Tax Laws
6A. Financial Management 3. Advanced Auditing, 6. Integrated Business
6B. Strategic Management Assurance & Professional Solutions
Ethics
Self Paced Set B Self Paced Set C Self Paced Set D

Self Paced Set A
Incorporating Multi
Strategic Cost & Performance Specialisation Elective disciplinary approach
Corporate & Economic Laws
Management (any one to be selected) envisaged in NEP, 2020
(any one to be selected) 20
The requisite group-wise / paper-wise exemptions would be granted under the New
Scenario 1 Scheme of Education and Training. For further details, an announcement in this regard
will be made separately.
Intermediate Group 1
Old Scheme
1. Accounting
2. Corporate & Other Laws
3. Cost and Management
Accounting
4. Taxation
Intermediate Group 2 Final Group 1 Final Group 2

4. Cost and Management 1. Financial Reporting 4. Direct Tax Laws and
Accounting 2. Advanced Financial International Taxation
New Scheme
5. Auditing and Ethics Management 5. Indirect Tax Laws
6A. Financial Management 3. Advanced Auditing, 6. Integrated Business
6B. Strategic Management Assurance & Professional Solutions
Ethics
Self Paced Set A Self Paced Set B Self Paced Set C Self Paced Set D
Incorporating Multi
Corporate & Economic Laws Strategic Cost & Performance Specialisation Elective disciplinary approach
(any one to be selected)
21
Intermediate Group 2
5. Advanced Accounting
Old Scheme
6. Auditing and Assurance
7. Enterprise Information
Systems and Strategic
Management
8. Financial Management and
Economics for Finance
Intermediate Group 1 Final Group 1 Final Group 2

1. Advanced Accounting 1. Financial Reporting 4. Direct Tax Laws and
2. Corporate & Other Laws 2. Advanced Financial International Taxation
New Scheme
3. Taxation Management 5. Indirect Tax Laws
3. Advanced Auditing, 6. Integrated Business
Assurance & Professional Solutions
Ethics
Self Paced Set A Self Paced Set B Self Paced Set C Either Self Paced Set D
C or D Incorporating Multi
Corporate & Economic Laws Strategic Cost & Performance Specialisation Elective disciplinary approach
(any one to be selected)
22
Intermediate Group 1 Intermediate Group 2

1. Accounting 5. Advanced Accounting
Old Scheme
2. Corporate & Other Laws 6. Auditing and Assurance
3. Cost and Management 7. Enterprise Information
Accounting Systems and Strategic
4. Taxation Management
8. Financial Management and
Economics for Finance
Final Group 1 Final Group 2

1. Financial Reporting 4. Direct Tax Laws and
2. Advanced Financial International Taxation
New Scheme
Management 5. Indirect Tax Laws
3. Advanced Auditing, 6. Integrated Business
Assurance & Professional Solutions
Ethics
Self Paced Set A Self Paced Set B
Corporate & Economic Laws Strategic Cost & Performance

Management
23
Intermediate Group 1 Intermediate Group 2 Final Group 1
Old Scheme
1. Accounting 5. Advanced Accounting 1. Financial Reporting
2. Corporate & Other Laws 6. Auditing and Assurance 2. Strategic Financial
3. Cost and Management 7. Enterprise Information Management
Accounting Systems and Strategic 3. Advanced Auditing and
4. Taxation Management Professional Ethics
8. Financial Management and 4. Corporate and Economic
Economics for Finance Laws
Final Group 2
4. Direct Tax Laws and
New Scheme
International Taxation
5. Indirect Tax Laws
6. Integrated Business
Solutions
Self Paced Set B
Strategic Cost & Performance

Management
24
Intermediate Group 1 Intermediate Group 2 Final Group 2
Old Scheme
1. Accounting 5. Advanced Accounting 5. Strategic Cost
2. Corporate & Other Laws 6. Auditing and Assurance Management and
3. Cost and Management 7. Enterprise Information Performance Evaluation
Accounting Systems and Strategic 6. Elective papers 6A – 6F
4. Taxation Management 7. Direct Tax Laws and
8. Financial Management and International Taxation
Economics for Finance 8. Indirect Tax Laws
Final Group 1
1. Financial Reporting
New Scheme
2. Advanced Financial
Management
3. Advanced Auditing,
Assurance & Professional
Ethics
Self Paced Set A
Corporate & Economic Laws
25
Old Scheme vs New
Scheme

Final Level

Conversion (Transition) Scheme – Foundation Level
Eligible Attempt under 1st Exam under

S. No. Scenario
Old Scheme New Scheme
Students Appeared in Class XII and
1 registered in Foundation Course till December, 2023 June, 2024
1st July, 2023.
Remarks
 If a candidate is not successful in December, 2023 attempt, he will be

automatically converted to the New Scheme of Education and
Training.
 If a candidate is successful in December, 2023 attempt, he will register
for Intermediate Course under New Scheme of Education and
Training. 27

S. No. Scenario
Students who will appear in Class XII
in March, 2024 and would register in
Foundation Course on or after 2nd
2 August 2023 but on or before 1st Not Applicable June, 2024
February 2024
Remarks
 Such students who have already registered in Foundation

Course will be automatically converted in the New Scheme of
Education and Training.
28

S. No. Scenario
Students who are in Class XI and
already registered or Registering in
3 Foundation Course on or after 2nd Not Applicable June, 2025
August 2023 but on or before 1st
February 2025.
Remarks
 Such students who have already registered in Foundation

Course will be automatically converted in the New Scheme of
29
Old Scheme vs New
Scheme

Final Level
Through Foundation Route

Conversion (Transition) Scheme – Intermediate Level
(through Foundation Route)

S. No. Scenario
Students appeared and passed in
1 June 2023 Foundation Examination Not Applicable May, 2024
under Old Scheme
Remarks
 Students have to register in Intermediate Course by 1st

September, 2023 so that after 8 months study period be
eligible for May, 2024 Examinations.
31

S. No. Scenario
Students appeared and not
November, 2023 is last
successful in November, 2023
2 Examination under Old May, 2024
Intermediate Examinations under
Scheme
Old Scheme
Remarks
 If a candidate is not successful in November, 2023 attempt, he

will be automatically converted to New Scheme of Education
and Training.
32

S. No. Scenario
Students appeared in May 2023
and passed one of the groups in November, 2023
3 the Old Scheme of Intermediate or -
has got exemption in any of the (for other group)
paper(s).
Remarks
 Exemption would be treated as per Old Scheme.
33

S. No. Scenario
Students appeared in November
2023 and passed any of the groups
4 in the Old Scheme of Intermediate - May, 2024
or has got exemption in any of the
paper(s).
Remarks
 Such students will be automatically converted in the New Scheme of Education and
Training for the relevant Group/Unit/Paper. Exemption will be provided as per the New
Scheme.
 After passing the remaining group in the New Scheme, register in Final course.
 Undergo Self-Paced Online Module SET C or SET D, as applicable.
34
Old Scheme vs New
Scheme

Final Level
Through Direct Entry Route

(through Direct Entry Route)
Eligible Attempt under 1st Exam under New

S. No. Scenario
Old Scheme Scheme
Students registered and If not successful in
November 2023
commenced their Practical
1 November, 2023 Examination, then have to
Training by 1st February, appear in the New Scheme
2023. in May, 2024
Remarks
 Such students will be automatically converted in the New Scheme for the relevant Group/Unit/Paper
 Continue to do 3 years of Practical Training .Entitled for 156 leaves.
 Have to undergo AICITSS Course during the Practical Training but compulsorily before appearing in
the Final Examinations.
 Register in Final Course after passing both groups of Intermediate Examination.
 They will be eligible to appear for Final Examination under the New Scheme in the last six months of
their Practical Training subject to qualifying the Self-Paced Online Modules, as applicable. 36
Eligible Attempt
S. No. Scenario under Old 1st Exam under New Scheme
Scheme
Students after undergoing 9 months of
Practical Training appearing in Students have to appear in the
2 November 2023 Intermediate - remaining group under New Scheme in
Examination under Old Scheme and May 2024
passed one of the groups.
Remarks
 Such students will be automatically converted in the New Scheme of Education and Training for the relevant
Group/Unit/Paper. Exemption will be provided as per the New Scheme.
 Continue to do 3 years of Practical Training .Entitled for 156 leaves.
 Have to undergo AICITSS Course during the Practical Training but compulsorily before appearing in the Final
Examinations.
 They will be eligible to appear for Final Examination under the New Scheme in the last six months of their Practical
Training subject to qualifying the Self-Paced Online Modules, as applicable. 37
Eligible Attempt 1st Exam under

S. No. Scenario
under Old Scheme New Scheme
Students commenced their 3 years of Practical
3 Training by 30th June 2023 but not completed 8 - May, 2024
months study period till 1st November 2023
Remarks
 Eligible for May, 2024 Intermediate examination after automatically converting in the New Scheme of
 Continue to do 3 years of Practical Training . Entitled for 156 leaves.
 Have to undergo AICITSS Course during the Practical Training but compulsorily before appearing in the
Final Examinations.
 They will be eligible to appear for Final Examination under the New Scheme in the last six months of their
Practical Training subject to qualifying the Self-Paced Online Modules. 38

S. No. Scenario
Students registered in Direct Entry after 1st
Not Eligible for Nov.
4 February 2023 and have not commenced their
2023 Examinations
May, 2024
Practical Training by 30th June 2023
Remarks
 Eligible for May, 2024 Intermediate examination after automatically converting in the New Scheme of Education
and Training.
 They are required to pass both groups of Intermediate and thereafter commence the Practical training of 2 years.
Entitled for 12 days of leaves per year. Simultaneously register in Final Course.
 Have to undergo AICITSS Course after completion of two years of Practical Training but compulsorily before
appearing in the Final Examinations.
 They will be eligible to appear for Final Examination under the New Scheme after six months from Practical
Training subject to qualifying the Self Paced Online Modules.
39

S. No. Scenario
Students who will register in Intermediate
5 under Direct Entry till 1st September 2023 - May, 2024
under New Scheme.
Remarks
 On completion of 8 months study period would be eligible for May 2024 Intermediate Examination.
 They are required to pass both the groups of Intermediate and to undergo ICITSS Course thereafter can
commence the Practical Training of 2 years. Entitled for 12 days of leaves per year. Simultaneously
register in Final Course.
 Have to undergo AICITSS Course after completion of two years of Practical Training but compulsorily
before appearing in the Examinations.
 They will be eligible to appear for Final Examination under the New Scheme after six months from
Practical Training subject to qualifying the Self-Paced Online Modules. 40
S. No. Scenario
Students registered provisionally before 1st
6 July, 2023 and their Final year graduation - May, 2024
result will be declared after June/July 2023
Remarks
 Such students will be automatically converted in the New Scheme of Education and Training.
 These students have to complete 8 months study period from the date of provisional registration and are eligible to
appear in the Intermediate Examination only after passing the final year graduation. Their attempt will accordingly
fall in May, 2024.
 They are required to pass both the groups of Intermediate and thereafter commence the Practical training of 2
years. Entitled for 12 days of leaves per year. Simultaneously register in Final Course.
 AICITSS Course has to be undergone after completion of two years of Practical Training but compulsorily before
 They will be eligible to appear for Final Examination under the New Scheme after six months from Practical Training
subject to qualifying the Self-Paced Online Modules.
41

S. No. Scenario
Students registered provisionally on or after
7 1 July, 2023 and their Final year graduation - Nov, 2024
result will be declared in June/July 2024
Remarks
 These students have to complete 8 months study period after the date of provisional registration and are
eligible to appear in the Intermediate Examination only after passing the final year graduation. Their attempt
will accordingly fall in November, 2024
 They are required to pass both the groups of Intermediate and thereafter commence the Practical training of
2 years. Entitled for 12 days of leaves per year. Simultaneously register in Final Course.
 Have to undergo AICITSS Course after completion of two years of Practical Training but compulsorily before
 They will be eligible to appear for Final Examination under the New Scheme (two groups comprising of six
papers) after six months from Practical Training subject to qualifying the Self-Paced Online Modules.
42
Old Scheme vs New
Scheme
Level Level
Final Level Training

Conversion (Transition) Scheme – Final Level
Eligible Attempt
S. No. Scenario 1st Exam under New Scheme
under Old Scheme
Students passed both groups of If not successful in November
Intermediate Examination under Old 2023 Examination, then have
1 November, 2023
Scheme and commenced their Practical to appear in the New Scheme
Training latest by 30th June, 2021 in May, 2024.
Remarks
 Such students will be automatically converted in the New Scheme of Education and Training for the relevant Group/
Unit/Paper.
 Continue to do 3 years of Practical Training. Entitled for 156 leaves.
Examinations.
 Such students have to attempt either or both the groups of Final Examination. The remaining two papers i.e. Self-
Paced Online Modules A & B can be qualified after passing May, 2024 Examinations but before applying for
membership. If unsuccessful in May, 2024, would be eligible for subsequent Examination only after qualifying Self-
Paced Online Modules SET-A and SET-B. Self-Paced Online Modules SET - C & D will be exempted.
44

S. No. Scenario
Students passed both groups of Intermediate
2 Examination and commenced their Practical - May, 2024
Training latest by 31st October, 2021.
Remarks
 Since no Examinations will be conducted under the Old Scheme in May, 2024, therefore, students will be
automatically converted to New Scheme and will be eligible for appearing in Final Examinations in May 2024 in the
New Scheme.
Examinations.
 Such students have to attempt either or both the groups of Final Examination. The remaining two papers i.e. Self-
Paced Online Modules A & B can be qualified after passing May, 2024 Examinations but before applying for
membership. If unsuccessful in May, 2024, would be eligible for subsequent examination only after qualifying Self-
Paced Online Modules SET-A and SET-B. Self-Paced Online Modules SET - C & D will be exempted. 45

S. No. Scenario
Students who will appear in November, 2023 and pass
3 one of the groups in the Old Scheme of Final or has - May, 2024
got exemption in any of the paper(s).
Remarks
 Such students will be automatically converted in the New Scheme of Education and Training for the relevant
Group/Unit/ Paper.
 Exemption in the remaining group/Unit/ Paper may be given as the case may be as per the New Scheme.
 Self-Paced Online Modules i.e. C & D will be exempted.
 Self-Paced Online Modules A or B can be qualified after passing May, 2024 Examination but before applying for
membership or exempted as the case may be. If unsuccessful in May, 2024, would be eligible for subsequent
Examination only after qualifying Self-Paced Online Modules SET-A or SET-B as the case may be.
Examinations. 46
Eligible Attempt 1st Exam under New

S. No. Scenario
under Old Scheme Scheme
Students who will appear in November, Student has to appear
4 2023 Examinations under Old Scheme and - under New Scheme in
unsuccessful in both the groups. May, 2024 Examination.
Remarks
 Such students will be automatically converted in the New Scheme of Education and Training and have to
attempt either or both the groups of Final Examination. The remaining two papers i.e. Self-Paced Online
Modules A & B can be qualified after passing May, 2024 Examinations but before applying for membership. If
unsuccessful in May, 2024, would be eligible for subsequent Examination only after qualifying Self-Paced
Online Modules SET-A and SET-B. Self-Paced Online Modules i.e. C & D will be exempted
 Continue to do 3 years o Practical Training , if not completed. Entitled for 156 leaves.
Examinations.
47
Old Scheme vs New
Scheme

Final Level

Conversion (Transition) Scheme – Practical Training
S.
Scenario Transition
No.
 Continue to do 3 years of Practical Training.
 Entitled for 156 leaves
 Have to undergo AICITSS Course during the Practical
Students who have Training but compulsorily before appearing in the Final
already commenced the Examinations.
1 Practical Training till  Pass both groups of Intermediate Examination.
30th June 2023.
 Eligible to appear for Final Examination under the New
Scheme in the last six months of their Practical Training
subject to qualifying the Self-Paced Online Modules, as
applicable.
49
S.
Scenario Transition
No.
 To pass the remaining group of Intermediate and
thereafter commence the Practical training of 2 years.
 Entitled for 12 days of leaves per year.
Students have already
passed either of the  Register in Final Course under New Scheme.
Intermediate Groups
 Have to undergo AICITSS Course after completion of
2 and have not
two years of Practical Training but compulsorily before
commenced the
Practical Training by
30th June 2023  Eligible to appear for Final Examination under the New
Scheme after six months from Practical Training subject
to qualifying the Self-Paced Online Modules, as
applicable. 50
S.
Scenario Transition
No.
 To pass the remaining group of Intermediate and
thereafter commence the Practical training of 2 years.
Students have passed  Register in Final Course under New Scheme.
one of the Groups of
 Have to undergo AICITSS Course after completion of
3 Intermediate in May two years of Practical Training but compulsorily before
2023 Examination under appearing in the Final Examinations.
Old Scheme
 Eligible to appear for Final Examination under the New
Scheme after six months from Practical Training subject
applicable. 51
S.
Scenario Transition
No.
 To undergo Practical Training of 2 years period.
Students who passed
 Register in Final Course under New Scheme.
both the groups of
Intermediate in May  Have to undergo AICITSS Course after completion of
4 2023 / or will pass two years of Practical Training but compulsorily before
November 2023 appearing in the Final Examinations.
Examination under Old  Eligible to appear for Final Examination under the New
Scheme Scheme after six months from Practical Training subject
applicable.
52
Having doubts…???
For more information

 Read FAQs hosted at Institute’s website at
https://www.icai.org/post/new-scheme-of-
education-and-training
 Write to Board of Studies (Academic) at
bos.nset@icai.in;
53
Follow ICAI on Social Media http://www.icai.org/followus

75282bos Transition Scheme Nset

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

75282bos Transition Scheme Nset

Uploaded by

Copyright:

Available Formats

The Institute of Chartered Accountants of India

New Scheme of Education

Board of Studies (Academic)

Papers at Foundation, Intermediate & Final Levels

New Scheme of Education and Training at a Glance

Notable Points of Conversion (Transition) Scheme

Scenarios of Conversion (Transition) Scheme

 Redefined Curriculum with 6 papers each at Inter & Final Level

Paper - 1 : Accounting (100 Marks)

Paper - 2 : Business Laws (100 Marks)

Paper - 3 : Quantitative Aptitude (100 Marks)

Paper - 4 : Business Economics (100 Marks)

Set A Set D (any one to be

Board of Studies (Academic), ICAI 10

Group-wise and paper-wise exemption will be announced by the Examination

continue to do 3 years of Practical Training,

be entitled for 156 leaves (1095 x 1/7 days),

be entitled for 12 days of leaves per year,

10 Students provisionally registered in Intermediate under Direct Entry Route will –

 be automatically converted in the New Scheme,

 be automatically converted in the New Scheme,

Validity of Conversion period in the New Scheme is

Ten years from the date of Conversion. Thereafter, revalidation is

Business Accounting Associate (BAA)

A candidate would be awarded the certificate of Business

Foundation Intermediate Practical

Board of Studies (Academic), ICAI 19

Intermediate Group 1 Intermediate Group 2 Final Group 1 Final Group 2

Intermediate Group 1 Intermediate Group 2 Final Group 1 Final Group 2

Self Paced Set B Self Paced Set C Self Paced Set D

Intermediate Group 2 Final Group 1 Final Group 2

Intermediate Group 1 Final Group 1 Final Group 2

Intermediate Group 1 Intermediate Group 2

Final Group 1 Final Group 2

Self Paced Set A Self Paced Set B

Corporate & Economic Laws Strategic Cost & Performance

Intermediate Group 1 Intermediate Group 2 Final Group 1

Self Paced Set B

Strategic Cost & Performance

Intermediate Group 1 Intermediate Group 2 Final Group 2

Corporate & Economic Laws

Foundation Intermediate Practical

Board of Studies (Academic), ICAI 26

Eligible Attempt under 1st Exam under

 If a candidate is not successful in December, 2023 attempt, he will be

Eligible Attempt under 1st Exam under

 Such students who have already registered in Foundation

Eligible Attempt under 1st Exam under

 Such students who have already registered in Foundation

Foundation Intermediate Practical

Through Foundation Route

Board of Studies (Academic), ICAI 30

Eligible Attempt under 1st Exam under

 Students have to register in Intermediate Course by 1st

Eligible Attempt under 1st Exam under

 If a candidate is not successful in November, 2023 attempt, he

Eligible Attempt under 1st Exam under

 Exemption would be treated as per Old Scheme.

Eligible Attempt under 1st Exam under

Foundation Intermediate Practical

Through Direct Entry Route

Board of Studies (Academic), ICAI 35

Eligible Attempt under 1st Exam under New