NEW DELHI: The new-look chartered accountancy course has been framed with a multi-disciplinary focus that will vastly widen the scope of learning of future CAs who will be studying diverse subjects — from psychology to AI, from blockchain technology to data science, and Indian Constitution and traditional knowledge, a s envisaged in the National Education Policy 2020.
Announcing the new curriculum, which is awaiting the Centre’s approval, the Institute of Chartered Accountants of India (ICAI) on the sidelines of its two-day National Education Summit on Commerce said i t is also looking at the possibility of offering exams in computer-based mode and in Indian languages. At present, there are eight lakh students preparing for the CA exams in the country.
In association with the Association of Indian Universities, the National Council of Educational Research and Training (NCERT), and the National Council for Teachers Education (NCTE), the ICAI has also come out with a model curriculum for commerce students right from the school level to undergraduate studies. Set up in 1949, the ICAI has grown to be the second-largest accounting body in the world with around 3. 65 lakh CAs and 44 over seaschapters.
ICAI president Debashis Mitra said, “As an educator, the focus of the institution is to prepare global professionals. S o in that direction, we developed a new course curriculum with a lot of stress on the application of mind, technology, ethics, the new NEP. The curriculum is pending approval of the government of India at present.”
On the curriculum, Mitra said, “If you don’t learn technology, you are not going to go very far ahead. What is happening globally is something we cannot remain out of it. And accounting if you keep it within the boundaries of the ICAI, then we are not doing justice to accounting. Accounting should not only be opened up to the whole of the country by way of uniformity and the same accounting should be there for the world.
“So the focus is on technology to make our professionals global professionals. He should not be just an Indian accountant, the global best practices must be embedded in the curriculum. We cannot turn a blind eye to NEP 2020 which says to lay more stress on the application of the mind and move away from rote learning. So with technology and global best practices, unless you have ethics, nothing is going to happen. Any curriculum without ethics is of no use. Today our examination system is pen and paper. Can we in the future think of an online exam examination system? In the future, maybe we should have online.”
Mitra said that the new curriculum has a multidisciplinary approach and also the credits earned during a CA course would be a par t of the Academic Bank of Credit. ICAI also came up with a model curriculum — ‘ICAI Exemplar: Preparing Future Ready Commerce Graduates’ — incorporating the competence-based approach through well-designed syllabi with objective statements, learning outcomes, and course curriculum, for commerce education at senior secondary level and graduate courses.
Announcing the new curriculum, which is awaiting the Centre’s approval, the Institute of Chartered Accountants of India (ICAI) on the sidelines of its two-day National Education Summit on Commerce said i t is also looking at the possibility of offering exams in computer-based mode and in Indian languages. At present, there are eight lakh students preparing for the CA exams in the country.
In association with the Association of Indian Universities, the National Council of Educational Research and Training (NCERT), and the National Council for Teachers Education (NCTE), the ICAI has also come out with a model curriculum for commerce students right from the school level to undergraduate studies. Set up in 1949, the ICAI has grown to be the second-largest accounting body in the world with around 3. 65 lakh CAs and 44 over seaschapters.
ICAI president Debashis Mitra said, “As an educator, the focus of the institution is to prepare global professionals. S o in that direction, we developed a new course curriculum with a lot of stress on the application of mind, technology, ethics, the new NEP. The curriculum is pending approval of the government of India at present.”
On the curriculum, Mitra said, “If you don’t learn technology, you are not going to go very far ahead. What is happening globally is something we cannot remain out of it. And accounting if you keep it within the boundaries of the ICAI, then we are not doing justice to accounting. Accounting should not only be opened up to the whole of the country by way of uniformity and the same accounting should be there for the world.
“So the focus is on technology to make our professionals global professionals. He should not be just an Indian accountant, the global best practices must be embedded in the curriculum. We cannot turn a blind eye to NEP 2020 which says to lay more stress on the application of the mind and move away from rote learning. So with technology and global best practices, unless you have ethics, nothing is going to happen. Any curriculum without ethics is of no use. Today our examination system is pen and paper. Can we in the future think of an online exam examination system? In the future, maybe we should have online.”
Mitra said that the new curriculum has a multidisciplinary approach and also the credits earned during a CA course would be a par t of the Academic Bank of Credit. ICAI also came up with a model curriculum — ‘ICAI Exemplar: Preparing Future Ready Commerce Graduates’ — incorporating the competence-based approach through well-designed syllabi with objective statements, learning outcomes, and course curriculum, for commerce education at senior secondary level and graduate courses.
