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CA Final, CA Intermediate, CA Foundation ICAI, Exam Scheme, New Scheme May 2024, Important Dates MCQs, Exam Pattern, Objective, Subjective Code of Ethics, Accounting, Auditing Course Duration, Articleship Negative Marking, Passing Criteria Exemption, Registration, Existing Scheme Success, SuccessEdge, Best CA Coaching in Bangalore, Best CA Coaching in Karnataka, CA Coaching in India,Coaching Center, Training, Examination Preparation Success Tips, Strategy, Study Plan May 2024 Examinations, Registration Deadline Academic Syllabus, Curriculum Changes Strategy for CA Exam, Exam Success Karnataka CA Coaching Institute, India CA Coaching Professional Ethics, Financial Management, Strategic Management Multiple-Choice Questions, Exam Format Syllabus Modification, Updated Curriculum New ICAI Scheme, Student Preparation Confidence Building, Exam Readiness, CA coaching, CA course, iProledge , SuccessEdge, Best CA coaching ,ca coaching classes in bangalore ca coaching in bangalore ca coaching institute in bangalore ca classes in bangalore ca institute in bangalore Best ca institute in bangalore top ca institute in bangalore top ca coaching in bangalore top ca coaching classes in bangalore top ca classes in bangalore Best ca coaching in bangalore

Date: January 9, 2024


The Institute of Chartered Accountants of India (ICAI) has officially released the results of the CA Final and Intermediate Exams held in November 2023. Candidates who are awaiting their results can now access and download them from the official website, icaiexam.icai.org.


Key Highlights:

Result Declaration:

  • Date: January 9, 2024

  • Time: The exact time of the result announcement has not been specified, but it is expected by 10 AM.


How to Check CA Results 2023:


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If you took the ICAI CA Intermediate and Final Exams in November 2023, here's how to check and download your results:


Visit the Official Website:

  • Open your web browser and navigate to the Institute of Chartered Accountants of India (ICAI) official website, icaiexam.icai.org or icai.nic.in.


Locate the Result Link:

  • Once on the homepage, look for the prominently displayed result link. You can also go to the "Important Announcements" section for quick access.


Access the Result Page:

  • When you click on the result link, a new window will open that will take you to the dedicated CA Result Nov 2023 page.


Select Your Exam:

  • On the result page, you will most likely see separate links for CA Intermediate and CA Final results. Click on the link appropriate for the exam you took.


Enter Your Login Details:

  • Now it's time to enter your login information. Fill out the Registration Number and Roll Number fields. To avoid issues, ensure that the details are correct.


Submit Your Information:

  • Once you have entered your information, click the submit button. This action begins the process of retrieving and displaying your CA Intermediate or Final Results.


View and Download Your Scorecard:

  • Your results for the November 2023 exams will be displayed on screen. Take a moment to review your scores. If everything looks correct, download your scorecard.


Download the Scorecard:

  • Look for the option to download or save your scorecard. Download the document and keep it in a secure location for future reference.


Print a Hard Copy (Optional):

  • If you prefer a hard copy, print the downloaded scorecard. While not required, having a physical copy can be useful for documentation.


Check for Additional Information:

  • The result page may include additional information, such as merit lists or important announcements. Take a moment to investigate any additional information provided.


Follow these steps to successfully check and download your ICAI CA Intermediate or Final Results for the November 2023 session. Remember to visit the official website to verify the accuracy of your results. Good luck!


Passing Criteria in CA exam:


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  • To pass the CA final exam in November 2023, candidates must successfully complete both group exams.

  • It is possible to attempt both groups at the same time, or to take one group in one exam and the other in any subsequent exam.

  • There are specific criteria for passing both groups at the same time or passing only one of them.


Merit List:

In addition to the individual results, the Institute of Chartered Accountants of India (ICAI) will present the CA Intermediate and Final Merit List 2023. This merit list honors the top performers in the November 2023 examinations. Here's more specific information about the Merit List release:


Recognition of Excellence:

  • The Merit List celebrates and recognizes candidates' outstanding performance in the CA Intermediate and Final Exams.


How to Access the Merit List:


Criteria for Merit List Inclusion:

  • Selection to the Merit List is based on a combination of high individual subject scores and overall performance.


Merit List Download Process:

Visit the Official Website:


Navigate to Results Section:

  • Look for the section related to results or examinations on the homepage.


Find Merit List Link:

  • Locate and click on the link for the CA Intermediate and Final Merit List 2023.


Enter Details:

  • Provide necessary details such as Registration Number and Roll Number in the designated fields.


Download and Save:

  • Once the Merit List is displayed, candidates can save it for future reference.



Importance of the Merit List:

  • Inclusion on the Merit List is a significant accomplishment that demonstrates a candidate's dedication, hard work, and knowledge of the subject.

Additional Recommendations of the Merit List:

  • Candidates are advised to only verify and download the Merit List from the official ICAI website to ensure its authenticity.

  • The Merit List is an invaluable resource for those looking to excel in their CA exams, as it provides insights into the exceptional performance benchmarks set by their peers.


Stay tuned for the official release of the CA Intermediate and Final Merit List 2023 on the ICAI website, and congratulations to all of the outstanding candidates who make it to this prestigious list of achievements!


New Scheme of Education and Training:

  • The ICAI has introduced a new education and training scheme for the CA programme, which will take effect on July 1, 2023. The first session of the new scheme will hold exams in May 2024.


Result Statistics (Last Year):

  • In December 2022, 1,00,265 candidates took the CA Inter Group 1 exam, and 21,244 passed.

  • For Group 2, 79,292 candidates participated, and 19,380 candidates passed the exam.


Important Reminders:

  • Candidates are advised to only download their results from the official website, icai.nic.in. Avoid considering unauthorized portal links.

  • Keep login credentials ready while checking the results online.


Stay tuned for further updates and information on the ICAI CA Inter and Final Results November 2023. To access the results directly, use the official link provided on the iProledge website.


FAQs


1. When were the ICAI CA Final and Intermediate Results for November 2023 announced?

The results were officially announced on January 9, 2024. However, the exact time of the announcement was not specified.


2. What is the passing criteria for the CA Final exam held in November 2023?

3. How can candidates check and download their ICAI CA Intermediate and Final Results?

4. Is there a merit list released along with the ICAI CA Intermediate and Final Results?

5. What is the new education and training scheme introduced by ICAI for the CA programme?

6. What should I do if I have failed my CA exam?





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iProledge brings you the most recent changes on the CA Foundation 2024 syllabus. With insights into the new program provided by the Institute of Chartered Accountants of India (ICAI), you may stay ahead of the curve and efficiently prepare for the upcoming exams.


CA Foundation New Syllabus 2024 Overview:

Beginning July 1, 2023, the ICAI will implement a new Syllabus for the CA Foundation exam. Aspiring candidates for the June 2024 exam should review the revisions stated on the ICAI's official website, icai.org. The session in December 2023 will be the last under the existing syllabus.


Key Changes in CA Foundation New Syllabus 2024 Papers:


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The CA Foundation New Syllabus 2024 features new papers, each with its own set of marks and question types. Let's get into the specifics of each paper:


Certainly! Let's delve deeper into the content of each paper and provide additional information on the key topics covered in the CA Foundation New Syllabus 2024:


Paper 1: Accounting

Objective: 100 Marks


Topics:

1. Theoretical Framework

Meaning and Scope of Accounting.

  • Accounting concepts, principles, and conventions.

  • Capital and revenue expenditure, receipts, contingent assets, and liabilities.

  • Accounting Policies.

  • Accounting as a measurement discipline – valuation principles, estimates, Accounting Standards.

2. Accounting Process

  • Recording accounting transactions: double-entry bookkeeping, subsidiary books, cash book.

  • Preparation of Trial Balance.

  • Rectification of Errors.

  • Bank Reconciliation Statement.

3. Inventories

  • Meaning, basis, and technique of inventory valuation.

  • Cost of inventory, net realizable value, and record system.

4. Depreciation and Amortisation

  • Tangible and intangible assets.

  • Concepts, methods of computation, and accounting treatment of depreciation/amortization.

  • Change in depreciation method.

5. Partnership and LLP Accounts

  • Final accounts of partnership firms and LLP.

  • Admission, retirement, and death of a partner, including treatment of goodwill.

  • Dissolution of partnership firms and LLPs, including piecemeal distribution of assets.

6. Company Accounts

  • Definition of Shares and Debentures.

  • Issue, forfeiture, and reissue of shares.

  • Redemption of preference shares and debentures.

  • Accounting for Bonus Issue and Right Issue.

Paper 2: Business Laws


Objective: 100 Marks


Topics:

1. Indian Regulatory Framework

  • Major Regulatory Bodies: Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice.

2. The Indian Contract Act, 1872

  • General Nature of Contract, Consideration, Performance Contract, Breach Of Contract.

  • Contingent and Quasi Contract, Contract of Indemnity and Guarantee, Contract of Bailment and Pledge, Contract of Agency.

3. The Sale of Goods Act, 1930

  • Formation of the contract of sale.

  • Conditions and Warranties.

  • Transfer of ownership and Delivery of goods.

  • Unpaid seller and his rights.

4. The Indian Partnership Act, 1932

  • General Nature of Partnership.

  • Rights and Duties of partners.

  • Reconstitution of firms, Registration, and Dissolution of a firm.

5. The Limited Liability Partnership Act, 2008

  • Introduction and Characteristics of LLP.

  • Incorporation and Differences with other forms of organizations.

6. The Companies Act, 2013

  • Essential features of the company.

  • Corporate veil theory, Classes of companies, Types of share capital.

  • Incorporation of the company, Memorandum of Association, Articles of Association.


7. The Negotiable Instruments Act, 1881

  • Meaning of Negotiable Instruments.

  • Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentment of Instruments, Rules of Compensation.

Paper 3: Quantitative Aptitude


Objective: 100 Marks (Part A: 40 Marks, Part B: 20 Marks, Part C: 40 Marks)


Topics:

1. Part A: Business Mathematics

  • Ratio and proportion, Indices and Logarithms.

  • Equations, Linear Inequalities.

  • Mathematics of Finance.

2. Part B: Logical Reasoning

  • Number series, coding and decoding, odd man out.

  • Direction Tests, Seating Arrangements, Blood Relations.

3. Part C: Statistics

  • Statistical Representation of Data.

  • Sampling, Measures of Central Tendency and Dispersion.

  • Probability, Theoretical Distributions.

  • Correlation and Regression, Index Numbers.


Paper 4: Business Economics


Subjective: 100 Marks


Topics:

1. Introduction to Business Economics

  • Meaning and scope of Business Economics.

  • Basic Problems of an Economy and the Role of Price Mechanism.

2. Theory of Demand and Supply

  • Determinants of Demand.

  • Law of Demand and Elasticity of Demand.

  • Theory of Consumer’s Behaviour – Indifference Curve approach.

  • Determinants of Supply, Law of Supply, and Elasticity of Supply.

3. Theory of Production and Cost

  • Factors of Production.

  • Short Run and Long Run.

  • Laws of Production, Producer’s Equilibrium.

  • Concepts of Costs – Short-run and long-run costs.

4. Price Determination in Different Markets

  • Market Structures: Perfect Competition, Monopoly, and Monopolistic Competition.

  • Using Game Theory to Study Oligopoly.

  • Price-Output Determination under different Market Forms.

5. Determination of National Income

  • Macro Economic Aggregates and Measurement of National Income.

  • Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors, and Four Sectors Models.

6. Business Cycles

  • Meaning, Phases, Features, Causes behind these Cycles.

7. Public Finance

  • Fiscal functions: An Overview, Centre and State Finance.

  • Market Failure/Government Intervention To Correct Market Failure.

  • Process of budget making: Sources of Revenue, Expenditure Management, and Management of Public Debt.

  • Fiscal Policy.

8. Money Market

  • Concept of Money Demand.

  • Important Theories of Demand for Money.

  • Concept of Money Supply, Monetary Policy.

9. International Trade

  • Theories of International Trade including theories of intra-industry trade Krugman.

  • Trade Policy–The Instruments of Trade Policy.

  • Trade negotiations.

  • Exchange Rates and its economic effects.

  • International Capital Movements: Foreign Direct Investment.

10. Indian Economy

  • Before 1950- Chanakya and Nand Vansh.

  • OECD Paper (1950-1991), Basic knowledge 1991 Onwards.


Passing Criteria CA Foundation Exam 2024:


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To pass the CA Foundation Exam 2024:

  • Minimum 40% in each paper.

  • Secure at least 50% of the total aggregate across all papers.


This comprehensive overview provides a detailed insight into the structure and content of the CA Foundation New Syllabus 2024. Candidates are encouraged to utilize this information for effective preparation.


Preparation Tips For CA Foundation 2024:


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Know the Syllabus:

  • Learn everything there is to know about the CA Foundation New Syllabus 2024. Examine the new themes, sub-topics, and weightage allocated to each paper.

  • Identify any differences in substance or focus from the prior syllabus.

  • To ensure alignment with the exam standards, use approved ICAI resources such as study materials and instructions.


Start Early:

  • Early preparation is essential for success in the CA Foundation Exam. Begin by developing a study schedule that includes all courses and allows for changes.

  • Setting reasonable targets and breaking down the material into manageable portions can help you stay on track.

  • Beginning early enables for in-depth learning and allows time to resolve any difficulties that may occur during the planning phase.


Use the Right Study Materials:

  • Use the official ICAI study materials, which are suited to the CA Foundation New Syllabus 2024. These materials are intended to cover the most important concepts and subjects.

  • Consider using extra reference books recommended by professionals to broaden your comprehension and get new views.

  • Stay updated on any additional study resources or guidance released by ICAI to support your preparation.

Practice with Mock Tests:

  • Incorporate mock tests into your study routine on a regular basis. On its website, the ICAI provides sample tests that imitate the exam atmosphere.

  • Mock examinations allow you to assess your readiness, identify weak areas, and become acquainted with the exam structure and time limits.

  • Analyze your performance in mock tests to enhance your study strategy and time management.


Implement Time Management:

  • Create a study strategy that allots enough time to each subject and topic based on their weightage in the exam.

  • Set realistic chapter completion deadlines and allot specific time windows for revision.

  • Time management is essential during the exam since Papers 1 and 2 contain objective-type questions with negative marking, which necessitate careful consideration of time allocation for each question.


By implementing these study strategies, you will lay a solid foundation for success on the CA Foundation Exam 2024. Maintain a positive and focused mindset throughout your preparation journey, change your study strategies based on your progress, and stay disciplined.


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After passing the CA Foundation exam, the next important step is to prepare for the CA Intermediate exam. The Intermediate CA exam, which will be divided into two groups, is set to take place in May 2024. A detailed study plan is required to assist students in optimizing their preparation. Here's a detailed plan for a successful CA Intermediate Study Plan for the May 2024 exams.


CA Intermediate Exam Pattern and Marking Scheme for May 2024:

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  • Exam Type: Objective and subjective

  • Duration: 3 hours for each exam

  • Total Exams: 8

  • Marks per Exam: 100

  • Negative Marking: None

  • Mode of Exam: Pen and paper-based


Group-wise Mark Distribution:

Group 1:


1. Exam 1 – Accounts: 100 marks

  • The goal of this exam is to assess candidates' knowledge of accounting principles, financial statements, and advanced accounting topics. It covers many financial accounting concepts and practices.


2. Exam 2 – Corporate and Other Law: 100 marks (60 for Company Law, 40 for Other Laws)

  • This examination is divided into two sections. The first section, worth 60 Marks, focuses on Company Law, which covers topics concerning the legal aspects of corporate entities. The second section, worth 40 marks, covers other business-related laws.

3. Exam 3 – Management and Cost Accounting: 100 marks

  • This exam assesses candidates' understanding of management accounting principles, cost accounting techniques, and how they are applied in decision-making. It covers both theoretical and practical problem-solving concepts.

4. Exam 4 – Taxation: 100 marks (60 for Income Tax Law, 40 for Laws of Indirect Tax)

  • The Taxation exam consists of two parts. The first part, worth 60 marks, is about Income Tax Law, and it covers topics about individual and business taxation. The second part, worth 40 marks, is about indirect tax laws, such as GST (Goods and Services Tax) and other indirect taxes.


Group 2:


5. Exam 5 – Advanced Accounting: 100 marks

  • This exam assesses candidates' knowledge of advanced accounting concepts such as financial statement consolidation, partnership accounts, and accounting for amalgamations. It is intended to assess their ability to deal with complex accounting scenarios.

6. Exam 6 – Assurance and Auditing: 100 marks

  • The auditing principles, techniques, and ethical considerations are covered in the Assurance and Auditing exam. It assesses candidates' knowledge of audit procedures, risk assessment, and auditors' role in ensuring financial transparency.

7. Exam 7 – Strategic Management and Enterprise Information System: 100 marks (50 for Information of Enterprise System, 50 for Strategic Management)

  • This examination is divided into two sections. The first section, worth 50 Marks, is about the Information of Enterprise System, which includes topics about information technology and its application in business. The second part, worth 50 Marks, assesses candidates' understanding of Strategic Management principles.

8. Exam 8 – Economics for Finance and Financial Management: 100 marks (60 for Financial Management, 40 for Economics for Finance)

  • The Economics for Finance and Financial Management examination is divided into two sections. The first part, worth 60 Marks, is about Financial Management, and it covers topics like financial decision-making and risk management. The second section, worth 40 marks, is about Economics for Finance, which includes macroeconomic and microeconomic concepts important to financial decision-makers.


CA Intermediate Study Plan for May 2024:


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Month-wise Plan:


First Month for May 2024:

1. Detailed Handwritten Notes:

  • Begin by creating detailed handwritten notes for each chapter.

  • Focus on the theoretical aspects, understanding concepts thoroughly.

  • Note down key definitions, principles, and formulae.


2. Master Theoretical Part:

  • Dive deep into the theoretical content of all chapters.

  • Aim to have a comprehensive understanding of the fundamental concepts.

  • Prioritize clarity on basic principles that form the foundation for the rest of the course.

Second Month for May 2024:

1. Continued Focus on Theory:

  • Maintain emphasis on theoretical aspects to build a strong foundation.

  • Understand the basic principles behind each topic to ease future studies.

  • Review and reinforce your knowledge through regular self-assessment.

Third Month for May 2024:

1. Hands-On Problem Solving:

  • Allocate dedicated time daily for solving practical problems.

  • Apply theoretical knowledge to real-world scenarios.

  • Ensure a thorough understanding of problem-solving techniques.

2. Syllabus Completion:

  • Strive to complete the entire syllabus by the end of this month.

  • This provides ample time for revision and practice exams in the subsequent months.

Fourth Month for May 2024:

1. Doubt Clarification:

  • Seek clarification for any doubts from mentors, teachers, or experienced individuals.

  • Utilize this month to address lingering uncertainties and strengthen conceptual understanding.

2. Practical Focus:

  • Shift focus to the practical part of the CA curriculum.

  • Practice solving practical problems, case studies, and numerical exercises.


Fifth Month for May 2024:

1. Concept Strengthening:

  • Consolidate your understanding by strengthening concepts.

  • Engage in discussions with teachers or peers to gain different perspectives.

  • Seek advice on challenging topics to enhance your grasp on the subject matter.

Sixth Month for May 2024:

1. Comprehensive Review:

  • Conduct a comprehensive review of the entire syllabus.

  • Identify and prioritize areas that need further attention.

  • Ensure all coursework is up to date and complete.

Seventh Month for May 2024:

1. Maintain Calmness:

  • Stay calm and stress-free during the final month of preparation.

  • Stick to the study plan consistently without unnecessary panic.

  • Focus on mental well-being with adequate breaks and relaxation.

Last Month for May 2024:

1. Personalized Exam-Day Strategy:

  • Develop a personalized strategy for the exam day, including time management.

  • Practice time-bound mock exams to simulate exam conditions.

  • Refine your approach based on your strengths and weaknesses.

2. Thorough Course Notes Review:

  • Re-read your course notes carefully for a quick revision.

  • Emphasize important concepts, formulas, and key points.

  • Focus on retaining crucial information for quick recall during the exam.


3. Stick to One Book:

  • Stick to one comprehensive study material or textbook for each subject.

  • Avoid unnecessary confusion by limiting your references.

  • Trust your preparation and the materials you've covered throughout the study period.


By following this detailed CA Intermediate Study Plan for May 2024, candidates can systematically progress through their syllabus, strengthen their understanding, and enhance their chances of success in the upcoming exams. Consistency, dedication, and a focused approach are key to a successful preparation strategy.


Basic 5-Step Rule for May 2024:

Step 1: Familiarize with ICAI Exams:

  • Carefully read the ICAI Exam Notice: It is important that you understand the official exam notice. It describes the exam syllabus, structure, deadlines, duration, and qualification criteria. This step ensures that candidates are well-versed in the exam's administrative details.

  • Examine Previous Years' Papers to Get an Idea of What to Expect: Consider previous years' question papers for insight into the exam pattern, question types, and level of knowledge required. It assists candidates in anticipating the format and level of difficulty of questions, allowing for better preparation.

Step 2: Strengthen Basics:

  • Understanding the Fundamentals of Accounting and Law: Regardless of one's background, a solid foundation in accounting and law is required. This step focuses on understanding fundamental concepts, definitions, and principles that serve as the foundation for advanced topics. Understanding the fundamentals is critical for later solving complex problems.

  • Thoroughly read ICAI textbooks: ICAI textbooks are the primary source of study material. Candidates who read them thoroughly ensure that they cover the entire syllabus and gain an in-depth understanding of each topic. It is recommended that the books be read at least twice to reinforce concepts.


Step 3: Expand Knowledge with ICAI Textbooks:

  • Complete Learning Materials are available at ICAI.ORG: The Institute of Chartered Accountants of India's (ICAI) official website offers extensive learning materials. Candidates should explore the website for additional resources, updates, and any new ICAI study materials.

  • Read Books at Least Twice and Take Handwritten Notes: Taking handwritten notes while reading textbooks aids in information retention. During revision, these notes serve as a quick reference. Reading the books several times ensures that you have a thorough understanding of the content.


Step 4: Response Writing Practice + Review:

  • After finishing each topic, practice answering questions: Active learning is essential. Candidates should practice response writing after finishing a topic. This includes answering topic-related questions, simulating exam conditions, and practicing time management.

  • Review and Identify Weaknesses: Regularly reviewing answers aids in the identification of weaknesses and areas for improvement. This step enables candidates to concentrate on specific topics or concepts with which they may be struggling, resulting in targeted and efficient preparation.

Step 5: Practice-Based Learning Techniques:

  • Begin Using Practice-Based Learning Methods Three months prior to exams: As the exam draws closer, candidates should shift to practice-based learning. This entails taking timed mock exams to simulate the actual exam environment. It aids in the development of exam strategies, effective time management, and the development of confidence.

  • For Effective Preparation, Take Mock Exams and Review Results: Mock exams allow you to assess your readiness in real time. Reviewing results assists candidates in understanding their strengths and weaknesses, allowing them to adjust their study plan accordingly. It is an important step in fine-tuning the preparation for peak performance on the actual exam.

By following these detailed steps, candidates can create a solid study plan that covers all aspects of CA Intermediate Exam preparation, ensuring a comprehensive and effective approach to success.

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