Self-Paced Online Modules
About Self-Paced Online Modules
In today’s rapidly evolving economic landscape, the Institute must adopt a fresh strategy for enhancing, updating, and delivering professional accountancy education and training. The development of chartered accountants should prioritize critical thinking, interdisciplinary approaches, research, and innovation.
Accordingly, four self-paced online modules [SETS A, B, C, and D], covering various fields, have been introduced under the ICAI Scheme of Education and Training (New Scheme 2023). As the name suggests, students can learn and complete these modules at their own pace after passing the Intermediate-level Examination.
SET A and SET B would comprise mandatory online modules, namely, Corporate and Economic Laws and Strategic Cost and Performance Management, respectively. SET C and SET D would comprise online modules, where a basket of options would be made available to a student, and he can choose one under each set from the options available to him.
Manner Of learning
The learning modules/study materials for the Self-Paced Online Modules will be provided to the students in e-Books. In the case of SET A and SET B, physical copies would also be provided to students.
Besides e-books, video lectures of industry experts with rich practical exposure in the relevant subject area will be made available to the students through the Digital Learning Hub (DLH). The learning through these video lectures can be monitored through DLH itself. Students would be required to complete the minimum prescribed learning hours for each self-paced online module they opt for. Special sessions would also be organized periodically to address the queries of students.
Registration Process
After clearing the Intermediate Examination, students must register for the Final Course. During this registration process, they are also required to enroll in the Self-Paced Online Module. The Final Course registration form includes an option to select subjects from Set C and Set D of the Self-Paced Online Module. No additional fees are charged for registering for the Self-Paced Online Modules, which comprise Sets A, B, C, and D. Visite this official site: https://www.icai.org/
Subjects:
SET A: Corporate and Economic Laws (100 Marks)
SET B: Strategic Cost and Performance Management (100 Marks)
SET C: Elective (100 Marks)
(Any one of the following subjects needs to be opted)
- Risk Management
- Sustainable Development and Sustainability Reporting
- Public Finance and Government Accounting
- The Insolvency and Bankruptcy Code, 2016
- International Taxation
- The Arbitration and Conciliation Act, 1996
- Forensic Accounting
- Valuation
- Financial Services and Capital Markets
- Forex and Treasury Management
SET D: Towards Developing Inherent Traits of CA Students and Incorporating Multidisciplinary Approach envisaged in NEP, 2020 (100 Marks)
(Any one of the following subjects needs to be opted)
- The Constitution of India & Art of Advocacy
- Psychology & Philosophy
- Entrepreneurship & Start-up Ecosystem
- Digital Ecosystem and Controls
A student is required to complete online learning in Corporate and Economic Laws [SET A] and Strategic Cost and Performance Management [SET B] as mandatory modules. Additionally, the student must select one module from both SET C and SET D.
Syllabus:
Each subject’s syllabus includes an objective statement and content details. In SET A (Corporate and Economic Laws) and SET B (Strategic Cost and Performance Management), students are expected to gain expert-level knowledge. Working Knowledge is expected for the Self-Paced Online Modules selected in SET C and SET D
SET C offers ten elective options, from which a student can select one based on their interest. In alignment with the National Education Policy (NEP, 2020), which emphasizes a more holistic and multi-disciplinary approach to education, students are required to choose one of the following four options: The Constitution of India & Art of Advocacy; Psychology & Philosophy; Entrepreneurship & Start-Up Ecosystem; or Digital Ecosystem & Controls.
This will support the development of intellectual, aesthetic, social, physical, emotional, and moral capacities in an integrated way. The focus is on fostering high-quality, online, holistic education that prioritizes “how to think” over “what to think.”
These creative combinations of disciplines will encourage cross-disciplinary thinking among students, fostering innovative problem-solving skills for the real-life challenges they will face in their professional careers or employment after qualifying as chartered accountants.
About Examination
The assessment will be conducted online through multiple-choice questions, with case scenario-based questions for SETS A and B. For subjects in SETS C and D, the assessment will consist of both independent MCQs and case scenario-based MCQs. Expert knowledge is required for SETS A and B, where the evaluation will cover all skills, including knowledge and comprehension, application and analysis, as well as evaluation and synthesis. In SETS C and D, working knowledge is expected, and the assessment will focus on knowledge and comprehension, along with application and analysis.
The detailed procedures are currently being developed and will be communicated to the students soon.
Requirement For Passing Self-Paced Online Modules
To be eligible for the Final Examination, a student must complete these online modules (SETS). The minimum passing mark for each module is 50%. There is no limit to the number of attempts allowed. Students are also permitted to change their selected subjects in SET C and SET D. The marks earned in the Self-Paced Online Modules will be considered separately and will not be combined with the marks from core papers for assessment purposes.
