The Institute of Chartered Accountants of India (ICAI) has introduced a ICAI New Course educational scheme that requires students to engage with four sets of Self-Paced Online Modules (SPOM). These modules provide valuable insights into the new examination structure, shedding light on the pattern, criteria, and nuances. In this article, we will delve into the key aspects of this new course, making it easy for students to comprehend.
Guidelines by ICAI New Course
Set A: Corporate & Economic Laws
Set B: Strategic Cost & Performance Management
Examination Structure:
Computer-Based Tests at Designated Centers:
The exams will be conducted in a computer-based mode at specified test centers. One notable feature of this new system is that candidates can appear for these exams multiple times based on their passing status.
MCQ Format and Case Scenario Focus:
Both Set A and Set B comprise only case scenario-based Multiple Choice Questions (MCQs). There are no standalone MCQs in these sets. Importantly, all questions in these modules are compulsory, so there are no optional choices to make.
Test Schedule and Flexibility:
These tests are scheduled throughout the year, with multiple shifts available in metro cities. Students have the flexibility to choose the date, shift, and exam center that suits their convenience.
Duration and Tools:
Each test for Set A and Set B spans a duration of 3 hours. It’s worth noting that physical calculators are prohibited during the exam. Instead, candidates will be provided with an on-screen calculator to assist with calculations.
Immediate Result Display:
After completing the test, candidates will receive their results instantly displayed on the screen. This immediate feedback is a significant departure from traditional examination processes.
Passing Criteria and Negative Marking:
To pass these exams, candidates must achieve a score of 50% or more. Unlike some other examinations, there is no negative marking for incorrect MCQ answers, which can alleviate some of the pressure associated with multiple-choice questions.
Resource Links:
For comprehensive details on the syllabus covered in the SPOM, you can access the syllabus details [here]. Additionally, study materials for both Set A and Set B can be found [here].
Clarifications and Support:
If you have any queries or require clarifications regarding this new scheme, you can reach out via email at psbeniwal.virtual@gmail.com or on WhatsApp at +91 9990301165, +91 9318445989. Our dedicated team is here to assist you every step of the way.
Conclusion:
ICAI’s New Course represents a transformation in the examination process, offering students flexibility and adaptability while maintaining a structured assessment approach. Understanding the intricacies of this scheme is crucial for CA aspirants who are embarking on this transformative educational journey. Prepare diligently, and best of luck with your exams!