The Institute of Chartered Accountants of India (ICAI) may allow class X students to register for the chartered accountancy (CA) Foundation course, but are they ready to take on the challenge? ICAI claims to have received approval from the government for amending the entry requirement for the CA courses. Earlier, only class XII students were eligible to apply for the course. The recent move will enable class X students to apply for the Foundation Courses of ICAI but under the provisional registration category.
“After the amendments, a student need not wait for completion of class XII exams to get provisional registration for the Foundation course. Since the registration is provisional, a student who fails to clear class XII exams but clears Foundation Exam, would still need to clear class XII exams to be eligible to go to the next stage,” says Atul Kumar Gupta, president, ICAI.
The early entry of class X students, he says, will ensure students remain committed to the CA profession. “We are looking for students who have a passion for the profession.”
“The Institute from time-to-time reviews its system of education and training to make it more contemporary and relevant to the global market. With the prime objective to develop the requisite skillsets for budding chartered accountants and enrichment of their professional skills, ICAI is undertaking various initiatives from time to time. Since Foundation exam is nothing but to assess the application of concepts students are studying in class XI-XII, it will be in their interest to start their efforts of a professional career early,” he adds.
Dismissing the possibility that the recent development will give rise to a coaching culture where students begin to prepare for the CA Foundation Course right from class XI, more like engineering, Gupta explains that the Foundation study material along with the free virtual coaching classes organised by the Institute has made learning simpler as students can study from their place without any hindrance. “They are not required to go for any external coaching. Moreover, e-books are also made available for the students,” he tells Education Times.
The students, who are interested in joining the CA Course, can plan like in any other profession, Gupta explains. “They can start their preparation along with their regular school as the subjects studied by the students during XI and XII are covered in the Foundation Course.”
His thoughts are echoed by Krishan Lal Khatri, accountancy teacher in Delhi-NCR. “Commerce students preparing for the boards cover 80%-85% of the CA Foundation syllabus, in subjects that include Mathematics, Statistics and Accountancy. The section on Law, which is theoretical, can be covered without help from teachers. Students need to have strong conceptual knowledge for the Foundation Exam and the plus two curriculum can equip them with the requisite knowledge.”
He adds further that students in class X who are mostly 15-year-olds are unsure of their aspirations and aptitudes. It is their parents’ decisions and aspirations that matter, and the students gets busy in fulfilling them. Those passing class X may not have the maturity unlike class XII pass students to think of long-term career paths,” Khatri adds.
Source From : Times Of India