The Institute of Chartered Accountants of India (ICAI) has introduced the CA New Scheme of Education and Training 2023, bringing significant changes to the CA Course curriculum and practical training duration. This blog provides a comprehensive guide on how to convert from the CA Final Old Syllabus to the New Syllabus for the upcoming May 2024 exams.

The process of converting from the CA Final Old Syllabus to the New Syllabus involves several steps. Below, we’ll outline the method for both regular path students and those taking the direct entry route.

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Case 1 – Students Eligible for Examination:

For students registered with the Old Course and eligible to appear in the examination but haven’t passed any group yet:

1. Conversion Process:Fill out the conversion form on the SSP portal.
2. Conversion Fees:Pay the conversion fees of Rs. 1000/- or $50.
3. Study Material:ICAI will dispatch study material free of cost, while students bear transportation fees.

Case 2 – Passed Group -1:

For old registered students who have cleared Group 1 with the old course and want to switch to the Revised Scheme:

1. Conversion Process:Undergo ICITSS (ITT)/ ICITSS (OC)/ ICITSS (ITT and OC) under the new scheme.
2. Practical Training:Commence practical training after conversion.
3. Conversion Fees:Pay Rs. 1000/- or $50 for conversion.
4. Study Material:Dispatched free of cost by ICAI; students bear transportation charges.

Case 3 – Passed Group – 1 and Commenced Practical Training:

For old registered students who have passed Group 1 and started practical training:

1. Option 1:Continue practical training and appear for available attempts for Group 2 with the Old Course.
2. Option 2:Switch to the Revised Course by paying conversion charges of Rs 1000/- or $50.
3. Study Material:Dispatched by ICAI free of cost; students pay shipping charges.

Case 4 – Passed Group – 2:

For students registered with the old course, who can appear in the first group with the old syllabus till May 2019:

1. Option:Switch over to the New Scheme by paying Rs 1000/- or $50.
2. Study Material:Dispatched free of cost; students pay shipping charges.

 

Case 1 – Eligible for IPC Exam:

For old registered students eligible to appear in the IPC Exam:

1. Conversion Process:Convert with the new scheme after payment of conversion charges.
2. Study Material:Dispatched free of cost; students bear transportation costs.

Case 2 – Passed Group 1 or Group 2:

For already registered students who have passed either Group 1 or Group 2:

1. Option:Appear in IPC examination with the old course or switch over to the new scheme by paying Rs 1000/- or $50.
2. Study Material:Dispatched free of cost; students pay shipping charges.

Student Type	Conversion Process	Conversion Fees	Study Material
Regular Path	Fill out SSP portal form	Rs. 1000/- or $50	Dispatched free; students pay fees
Direct Entry	Convert with new scheme after payment	Rs. 1000/- or $50	Dispatched free; students pay fees

This table provides a concise overview of the conversion process for both regular path and direct entry students.

The conversion from the CA Final Old Syllabus to the New Syllabus for the May 2024 exams involves a systematic process for both regular path students and those taking the direct entry route. It’s essential for candidates to follow the specified steps and deadlines to ensure a smooth transition to the revised scheme. If you have any further queries, refer to the official ICAI notification or seek guidance from the respective educational institute.

Embarking on the transformative journey of becoming a Chartered Accountant (CA) is an ardent pursuit of excellence. One pivotal facet of this journey is the strategic selection of the right firm that will set the stage for a flourishing career. In this comprehensive exploration, we delve into the dynamic landscape of the top CA firms in India, unraveling insights into their distinctive offerings and why they stand at the pinnacle of the profession.

1. Deloitte India:

• Overview: As the largest among the Big 4 CA firms, Deloitte India, a subsidiary of Deloitte Touche Tohmatsu Ltd., boasts a comprehensive suite of services including audit, tax, financial advisory, legal, consulting, and risk advisory.
• Opportunities: Recognized as a powerhouse for personal and professional development, Deloitte India provides a nurturing environment for aspiring CAs.

2. PwC India:

• Overview: Price Waterhouse Coopers (PwC India), a global juggernaut in tax and advisory services with a presence in over 157 countries.
• Opportunities: PwC India’s expansive network and commitment to career growth make it a compelling choice for those aiming for the zenith.

3. Ernst & Young India:

• Overview: A stalwart among the Big 4, EY India, a member of Ernst & Young Global Ltd., offers a spectrum of services including transaction advisory, assurance, advisory, and tax.
• Opportunities: EY India is dedicated to fostering career development, making it a significant player in the top CA firms in India.

4. KPMG India:

• Overview: KPMG India, part of the prestigious Big 4 auditors, provides services in financial services, business advisory, tax-related regulatory, and risk advisory.
• Opportunities: With a global headquarters in the Netherlands, KPMG India is a gateway to diverse professional avenues.

5. BDO India:

• Overview: Originating in 1988 from Binder Seidman International Group, BDO India is a global player in finance, accounting, and tax consultancy.
• Opportunities: BDO India’s professional ethos and growth opportunities position it among the top CA firms globally.

6. Grant Thornton International:

• Overview: Grant Thornton India is a vanguard organization for tax, advisory, and independent assurance services, with a rich legacy spanning over a century.
• Opportunities: Grant Thornton India’s growth-oriented approach offers solutions in complex business affairs, making it a powerhouse for aspiring CAs.

7. RSM India:

• Overview: RSM India stands tall among the top tax and accounting consulting groups globally, recognized for its prowess in audit, tax, and advisory services.
• Opportunities: Empowering individuals with a client-centric approach and global insights, RSM India is a beacon in the professional services realm.

8. SR Dinodia & Co. LLP:

• Overview: SR Dinodia & Co. LLP, based in New Delhi, is a frontrunner in audit, tax, accounting, and consulting, with a global presence through alliance partners.
• Opportunities: With over 170 global alliances, SR Dinodia & Co. LLP opens doors to distinctive career prospects in various facets of accountancy.

9. Lodha & Co.:

• Overview: Lodha & Co. is a revered Chartered Accountant firm with branch offices across India, offering professional services to a diverse clientele.
• Opportunities: Recognized internationally, Lodha & Co. provides avenues for rewarding career building in the realm of CA.

10. Luthra & Luthra India:

• Overview: Luthra & Luthra in India stands as a premier professional services Accountancy firm, offering services in audit, advisory, taxation, and corporate law.
• Opportunities: Luthra & Luthra nurtures aspiring CAs, guiding them to build successful careers with imaginative accountancy solutions.

To secure a coveted position in these esteemed CA firms, candidates must meet certain qualifications:

• Cleared the CA exams in 1 or 2 attempts.
• Attained an all-India rank in the CA Final exams.
• Demonstrated substantial articleship experience in a CA firm.
• Possessed impeccable communication skills and a robust personality.
• Showcased profound knowledge in the field.

1. Technical Proficiency in Accounting and Taxation:
   • Why it’s crucial: As a Chartered Accountant, technical proficiency is fundamental. Interviewers will assess your understanding of accounting principles, taxation regulations, and financial reporting.
   • How to demonstrate it: Be prepared to discuss specific projects or tasks where you applied your accounting and taxation knowledge. Showcase your ability to interpret financial data and navigate complex regulatory frameworks.
2. Analytical and Problem-Solving Prowess:
   • Why it’s crucial: Chartered Accountants often encounter complex financial challenges that require analytical thinking and effective problem-solving.
   • How to demonstrate it: Share instances where you successfully analyzed financial data, identified issues, and implemented solutions. Discuss your approach to problem-solving, emphasizing critical thinking and strategic decision-making.
3. Strong Communication and Interpersonal Acumen:
   • Why it’s crucial: Effective communication is paramount in a role that involves interaction with clients, colleagues, and stakeholders. Clear communication ensures that financial information is conveyed accurately and comprehensibly.
   • How to demonstrate it: Provide examples of situations where you communicated financial information to non-experts, clients, or team members. Emphasize your ability to convey complex concepts in a clear and concise manner.
4. Ability to Thrive Under Pressure:
   • Why it’s crucial: The financial landscape is dynamic, and Chartered Accountants often work under tight deadlines. The ability to remain composed and perform well under pressure is highly valued.
   • How to demonstrate it: Narrate experiences where you successfully managed tight deadlines or challenging situations. Discuss your strategies for prioritizing tasks and maintaining accuracy even in high-pressure scenarios.
5. Meticulous Attention to Detail and Accuracy:
   • Why it’s crucial: Precision is non-negotiable in accounting and taxation. Small errors can have significant implications, making attention to detail a critical skill.
   • How to demonstrate it: Highlight instances where your meticulous attention to detail prevented errors or discrepancies. Discuss how you ensure accuracy in financial statements and reports.

1. Academic Achievements and Qualifications:
   • Include your academic background: Start with your most recent degree and work backward. Mention the name of the institution, degree earned, major (if applicable), graduation date, and any honors or awards received.
   • Highlight academic achievements: If you achieved exceptional grades, were on the Dean’s List, or received any academic accolades, showcase them.
2. Relevant Work Experience and Internships:
   • List professional experiences: Provide a detailed overview of your work history, emphasizing roles that are relevant to the position you’re applying for. Include the name of the organization, your job title, and the duration of your employment.
   • Detail your responsibilities and accomplishments: For each role, outline specific tasks you undertook and achievements you accomplished. Quantify your impact where possible, using numbers and percentages to demonstrate results.
3. Proficiency in Accounting Software, Auditing, and Taxation:
   • Technical skills section: Create a dedicated section to highlight your proficiency in relevant tools and software. Include accounting software (e.g., QuickBooks, SAP), auditing tools, and any specialized taxation software you’ve used.
   • Certifications and training: Mention any certifications or additional training you’ve undergone in accounting, auditing, or taxation. This adds credibility to your technical skills.
4. Extracurricular Activities Showcasing Leadership and Teamwork:
   • Leadership roles: If you’ve held leadership positions in clubs, organizations, or community groups, mention them. Highlight your responsibilities and any positive outcomes resulting from your leadership.
   • Teamwork experiences: Emphasize instances where you collaborated with others to achieve common goals. This could include group projects, volunteer work, or team-based initiatives.
   • Extracurricular achievements: If you’ve received awards or recognition for your involvement in extracurricular activities, showcase them. This could include honors related to leadership, teamwork, or specific accomplishments.

• Tailor your resume: Customize your resume for each job application by aligning your experiences and skills with the specific requirements of the role.
• Use action verbs: Begin each bullet point with a strong action verb to convey a sense of accomplishment and impact.
• Quantify your achievements: Where possible, use numbers to quantify your achievements. This adds a concrete and measurable dimension to your contributions.
• Keep it concise: Aim for a clear and concise resume. While providing details is essential, avoid unnecessary fluff. Recruiters appreciate clarity and brevity.

1. Chartered Accountant (CA):
   • This is a fundamental keyword that explicitly states your professional qualification.
2. Audit:
   • Showcase your expertise in auditing, a core responsibility for CAs. Include specific experiences and achievements related to audit processes.
3. Taxation:
   • Highlight your proficiency in handling taxation matters, a critical aspect of the role.
4. Financial Advisory:
   • If you have experience or skills in providing financial advisory services, ensure to mention this keyword.
5. Risk Advisory:
   • If your experience involves assessing and mitigating risks, include this keyword to demonstrate a diverse skill set.
6. Articleship:
   • Mention your articleship experience, specifying the duration and any notable achievements during this period.
7. All-India Rank:
   • If you achieved an all-India rank in the CA exams, including this keyword can set you apart from other candidates.
8. Big 4:
   • If you have worked or interned with one of the Big 4 CA firms (Deloitte, PwC, EY, KPMG), include this keyword to attract attention.
9. Financial Services:
   • Highlight any experience in providing financial services, demonstrating your versatility in the field.
10. Business Advisory:
    • If you have been involved in providing business advisory services, use this keyword to emphasize your strategic and consultative skills.

Choosing the right CA firm is a monumental stride towards crafting a triumphant career in chartered accountancy. The top CA firms in India listed above epitomize a convergence of diverse opportunities, professional growth, and a robust foundation for aspiring CAs. As you embark on this transformative journey, remember that success in the world of accountancy transcends numbers—it’s about making informed choices and seizing opportune moments. May your path to becoming a successful Chartered Accountant be illuminated with fortuity and accomplishment!