Publisher:IMPORTANCE OF SCHOLARSHIP FOR STUDENTS IN INDIA | ACADEMY TAX4WEALTH
Jan 27,2023
Importance of Scholarship for Students in India
India's educational system is gradually changing in response to developments in the world of knowledge. The teaching and learning process is continually being improved by educators. As a result, many Indian students find it difficult to continue their education due to the rising expense of fees. For such scholarship is an excellent source of financial support to them. However, one downside is that the majority of Indian students are not aware of the numerous online scholarship and scholarship portals. Scholarship for Students in India has been considered especially important in the education sector for several decades. The Scholarship is an exceptional support in the context of the encouragement of meritorious students from poor families. In the era of rising inflation, everything is becoming costlier. The education sector is also coming under the grip of inflation. Due to the increase in cost, many course fees are also increasing. Students from poor families are unable to meet this increased fee rate. In such a situation, the privilege of scholarship they get proves especially beneficial for them to fulfill their educational dreams.
What is a Scholarship?
The scholarship is called a type of financial assistance, which is provided to the students to help them in further education and to encourage them mentally. It is like a reward for academic achievements. The scholarship for students in India is strong support for their golden career.
Importance of Scholarship-
Scholarships have been considered very important in India due to the following reasons:
Following are the reasons why Scholarship Programs have been considered a great move in the education sector in India:
1. Regarding taking admission in the course of choice:
Many students are not able to get admission to the desired course despite having sufficient academic achievements. The reason is that the fees for those courses are very high and the students belong to middle-class or lower-middle-class families. The family is not capable enough to get the students enrolled in those courses. In such a situation, scholarship for students in India becomes a big support.
2. Increase in cost per year:
The cost of running the courses run by educational institutions is increasing every year. It is seen that the rate of increase in fees ranges from 6 to 7 percent every year. So, it is highly beneficial to enrol in funded courses. This gives freedom to the students from financial stress. Scholarship proves to be especially helpful for students in India due to their weak economic base.
3. Increase in the rate of education loans:
Students from middle-class families take admitted to high-cost educational courses but the family has to take loans from the bank. Every year the loan rate of the bank keeps on increasing. That's why students get financial relief by getting a scholarship.
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4. Increase in basic living expenses:
Students also have to spend on accommodation, food, and books while studying by enrolling in academic courses. Which keeps on increasing every year due to rising inflation. In such a situation, students get relief from financial stress by getting a scholarship.
5. Basis for improvement of skills:
In the present era, especially in the corporate world, employers prioritize skilled professionals. Training is essential for skill development. The scholarship proves to be of great help in taking admission to the training course. Once skilled, there are ample opportunities for employment and self-employment. That's why scholarship has special significance for students in India.
6. Resort to Up gradation of Capacity:
To upgrade the capacity of any professional, it is necessary to be equipped with special knowledge. In our education system, special attention has been given to theoretical studies and less attention has been given to practical knowledge which hinders the professional career development of any student. To get practical knowledge one has to enroll in well-organized training programs which are becoming very expensive nowadays. In such a situation, Scholarship for Students in India proves especially helpful for the youth of middle-class or lower-class families.
7. Helpful in studying abroad:
Students are also interested in taking admission to popular courses abroad. This helps the students to get global exposure and develop their skills. In this case, the scholarship received covers the expenses of the student.
In this way, scholarship makes an important contribution in taking the merit to the expected place. Freedom from financial stress is a great support for students who are unable to pursue their dreams due to the unavailability of resources. The matching scholarship for students in India has turned many golden dreams into reality and will continue to do so in the future as well.
8. Competency-Based Learning is Required:
Academic achievement is the only objective of traditional education. The emphasis on the student’s interests and preferences is negligible to non-existent. As a result, many students either do poorly or choose to study subjects they do not find interesting. Instead of forcing students to follow the crowd, competency-based education tries to develop their capabilities. The greatest method to achieve this in India is through scholarships. Online scholarship applications allow students to follow their interests in the subjects of their choosing. Online exams assist in conceptual practice and competency development for winning scholarships in India. As a result, online scholarships support India's desire to create competency-based education, which furthers the country's growth.
Conclusion
Scholarships in India encourage both study and drive. They come in several formats, including offline and online scholarships. Academy Tax4wealth is one of several companies that provide online scholarships in exchange for a minimum score on an online test. These assessments allow students to practice ideas while also assessing their knowledge and obtaining scholarships.
Scholarships also help students gain confidence and broaden their ideas about studying. It eventually helps with national growth. Finally, scholarships are critical for fostering greater learning and inspiring students to achieve.
For more info, Visit us at: https://academy.tax4wealth.com/
Publisher:TALLY PRIME FEATURES FOR BUSINESS GROWTH | ACADEMY TAX4WEALTH
Jan 30,2023
Tally Prime Features Required for Business Growth
Financial management is the most important basis for the smooth operation and planned development of the business. Today, when the nature of business is becoming complex, it is necessary to use software for financial management. In this context, Tally Prime Features has proved its relevance over a period of time. This Tally Prime handles almost every aspect of business operations like accounting, tax, bank account, payroll cash flow etc. with ease. Also, it provides many facilities even in case of expansion of the business. That's why Academy Tax4wealth offers, Tally Prime is considered to be very important for business operations.
What is Tally Prime?
In general, Tally Prime is a very important business management tool, which has special significance in financial management. This Tally Prime Features software provides specialized assistance in accounting work, banking activities, taxation context, and other financial management matters. This software creates a system for the entrepreneur to concentrate on strategy formulation for business growth without getting bogged down in the clutches of financial management.
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Tally Prime is essential for business like this:
1. Proper management of invoices:
Tally prime features helps in proper management of all types of invoices. Through this it also helps to keep track of all types of challans and to keep track of the time of challans to be paid in future. Various payment modes can also be listed through this.
2. Assistance in integration of accounting:
Tally prime helps in integration of accounting. Be it direct import or buy order management or real time sales dashboard management. Tally Prime features proves to be very helpful in accurate management and analysis of data. In general, keeping profit and loss statements, preparing inventory reports, managing accurate records are major challenges in business. There are also problems in creating spread sheets and cross checking of data but Tally Prime offers a simple solution for the same.
Also read; What Are The Career Scope After Tally And GST Course?
3. Helpful in backup management:
In today's business, documents are kept safe on the basis of mobile or laptop. In such a situation, a big crisis arises in case of theft or loss of such equipment. In the context of Tally Prime, online data collection is helped. Also, unlimited space is also available on the server. Apart from this, it also helps in managing millions of e-mails used in business. Documents can also be easily backed up to the cloud through Tally Prime. There is relief from the fear of missing data.
4. Helpful in accurate analysis:
For the smooth operation of the business, it is necessary to evaluate the activities run from time to time. Tally Prime provides the facility to generate assessment reports easily using a myriad of data. The analysis of this report also helps immensely.
5. Help with human resource management:
Tally prime software also proves to be very helpful in the management of human resources. Through this, the contribution of every employee towards the organization can be monitored. Email alerts can inform senior management if an organization's personnel are not performing their duties properly. This helps the senior management to track the personnel management easily.
6. Help with cash flow management:
As per the business grows, Cash flow also starts to increase. Tally Prime provides specialized assistance in controlling cash flow, liabilities, payments, business credit, salary, rent, tracking and managing income expenditure of the organization.
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7. Assistance in managing banking activities:
A number of banking activities are conducted in the course of business. For example, Tally Prime helps a lot in terms of account management, loan management etc.
8. Assist in inventory management:
As the business grows, more warehouses are needed for better logistics and inventory management. Tally Prime provides a lot of convenience in monitoring and managing inventory levels. Record of every detail and activity is easily kept.
9. Better customer service possible:
Superior customer service and support is an essential factor for business success. Tally Prime assists in providing high quality customer service. The customer can tell his problems through the online portal and can also get better solutions for those problems.
10. Assistance with the other taxation like GST
Timely payment of GST etc. other taxes is an essential fact for any business. In this context, Tally Prime provides valuable assistance in the context of taxation by providing the necessary data. There is a need for integration of myriad data especially in the context of GST. Tally Prime features is especially beneficial in terms of regular tracking of data and payments etc.
Tally Prime features lays a very strong basic foundation in the context of business growth and changing situation and requirements over a period of time. Which helps to a lot in the financial management? Smooth financial management proves to be extremely helpful in the success of any organization.
Publisher:FREQUENTLY ASKED QUESTIONS ABOUT ACADEMY TAX4WEALTH
Feb 01,2023
Frequently Asked Questions about Academy Tax4wealth
Academy Tax4wealth is a well-known and recognized e-learning organization in the industry today, giving students online/offline education and 100% practical training and work prospects. Our courses are designed to help students improve their skills. Through online hybrid offline financial practical training, we aim to educate young minds while also providing proper direction and support.
Here is a growing list of the most important Frequently Asked Questions with simple answers that will help you prepare and ace your career in 2023.
1. When did Academy Tax4wealth form?
In 2020, Academy Tax4wealth was established as the first private company to offer job guaranteed courses with 100% job placement guarantee and practical training in the financial sector.
2. Where is Academy Tax4wealth located?
Headquarters - Under DFS Building, Annexe Building, Jeevan Vihar, Sansad Marg, New Delhi, Delhi 110001
Branch Office - Shop No. 21,22, J.J. Complex, Patna, Bihar 800001
3. What is the best way to reach Academy Tax4wealth?
You can reach our team at 8447995744 or send us an email at info@tax4wealth.in.
4. Can I go ahead with short-term courses in accounting and finance?
Yes, you can go ahead with short-term job-guaranteed courses. The course duration is 6 months, and after completion, you can have many job opportunities. You can get a good job in the accounting and finance field.
5. What is the scope of growth if I join an accountant job in Patna?
Academy Tax4Wealth offers excellent placement services in Patna. For students to begin building their accounting careers, this is the perfect setting. For candidates who are very successful in their occupations, this academy offers a large number of top recruiters and a variety of job-oriented courses.
6. Can I take more than one course at a time?
No, Students can do one course at a time.
7. How can the students get benefit from our courses?
We provide you with an Offer Letter (Letter of Intent) once you enroll in the course
100% Job Placements in CA Firms or Companies
6-Month Paid Internship (Rs. 3,000/Month)
100% Refund if you don't get a job placement within 9 months
Topics Covered: Income Tax, GST, Tally, Company Law
Get real-time experience with Client Data
Get experience in how to handle Government deadlines
Get working experience in the Office Environment
The working hours for Internships are from 9 AM to 6 PM
Tablet with pre-loaded content
Hostel Accommodation service for students
8. How has Academy Tax4wealth helped students to provide placement?
We assist students in choosing the best career route by connecting them with the Top Organizations that offer the best placement.
9. What are the financing options I can opt for to enroll in a Job Guaranteed Course?
Learners can avail of some options like EMI with credit cards, debit cards, or loans from Academy Tax4wealth. The interest rates will be as per respective bank policies.
10. I have no academic or professional experience in the program domain. Can I still enroll?
All freshers, professionals searching for a career change, and professionals returning to the workforce after a career break are encouraged to apply. The programme covers fundamental ideas to lay a solid foundation, as well as hands-on projects to prepare you for a career in accounting. The industry demand for fresh aspirants in full-stack development is promising in terms of jobs and income.
11. What is the salary I will receive after completing the course?
Job Guaranteed Courses are in high demand around the world, with demand increasing year after year. Following these courses, your compensation will be determined by your performance and talents, with a high salary package available in the market.
12. What kind of job roles can I get after completing the Program?
These accounting courses in India can open doors to several job roles such as Budget Analyst, Accounting Management, Financial Management, Internal Auditor, Tax Examiner, Personal Financial Advisor (PFA), Corporate Accountant, Cost Estimator, and many more.
13. How long will it take to become an accountant (and why)?
The Online Accounting Course period may range from six months at Academy Tax4wealth. It's a superb alternative for those who want to how to choose a successful career in accounting. This program is restricted to the accounting and taxation business.
14. Why should I choose professional job-oriented courses over short-term training?
Professional job-oriented courses keep company with multiple comes wherever you'll test your expertise. The constant support from a mentor conjointly helps you in creating quick progress. The Online accounting courses ought to give active on current technologies.
15. Am I able to learn accounting skills through online accounting courses on Academy Tax4wealth?
Yes, Academy Tax4wealth offers a Certified Corporate Accountant Course for students interested in working in finance or accounting. Learn 100% particle technique and get job orientation to boost your career in accounting.
16. What's it like to study in the accounting and taxation program?
It is an excellent option for people wishing to pursue a career in accounting. This curriculum, as the name implies, is limited to the accounting and taxation industries. As a result, candidates have been taught the fundamentals of accounting, taxation, auditing, and financial management.
17. Am I able to learn accounting skills through online accounting courses on Academy Tax4wealth?
Yes, Academy Tax4wealth offers a large variety of online accounting courses on topics associated with accounting, from introductory-level courses in money accounting to additional advanced online accounting courses and Specializations in areas like financial management, reporting, and taxation. Academy Tax4wealth offers a Certified Corporate Accountant Course for the graduate who's looking for a Job in Finance and Accounting. Learn 100% particle technique with Job orientation to take your accounting career to next level.
18. What skills or experience do I need to already have, before starting to learn to account?
The skills and knowledge that you just would possibly get to learn that are accounting could include a strong interest in information, numbers, data, spreadsheets, financial gain data, and financial discipline. You might even have skills in organization, with meticulous attention to detail, smart analytical thinking, and important thinking.
19. Can I go ahead with these courses in accounting and finance?
Yes, you can go ahead with this online accounting course. It is a short-term certification courses for accounting professionals. The course duration is two years, and after completion, you can have many job opportunities. You can get a good job in the accounting and finance field.
20. What is the scope of growth if I join an accountant job in Patna?
Academy tax4wealth provides assured job placements in Patna. It is the best placement for the students to set up their career life in accounting. This academy provides many top recruiters and many job-oriented courses for candidates that are much successful in their careers. I recommend this as the best e-learning platform for the student’s Resources and Information.
21. Do you offer Placement Assistance post completion of the course and certification?
Yes! Our job support team is continually updating the job listings on our https://naukri.tax4wealth.com/ portal. You will be alerted through email on a weekly basis. Keep an eye on your email and spam folder for personalised job updates.
22. What if I miss a lecture?
For students enrolled in Academy Tax4wealth's online accounting courses, there are several options if they miss a live online session:
View video recordings of the missed session
Attend missed class with the next batch
23. Please elaborate about office internships. I mean will you provide me internships or will you arrange interviews with companies, if so please let me provide a list of companies
After graduation, participants are promised an internship with Academy Tax4wealth and its partner firms. Furthermore, we provide placement assistance, in which you will receive regular updates on the many career and internship options accessible.
24. Will everyone get the opportunity to get an internship or some selected students?
Yes, everyone gets internship opportunities.
25. What category of courses does your LMS provide?
The category of online accounting courses we are providing is on the bases of: -
On-demand, practical-based course content (educational and/or training) for any time, any place learning
Real-time tracking of learner uses and performance
Reporting analytics to measure course effectiveness
Offline paid Internships for the 6-month for the students to learn by earning.
100% placements and job opportunities for students in the Private sector.
We also offer more than 4,000 free demo classes for the students.
26. Are all the courses free or paid?
All courses are paid at Academy Tax4wealth but with different prices and benefits. Our online accounting courses are well-structured, industry-relevant curriculum to help you transform your career.
27. Do the courses contain any assessments and certification? If yes, what is the cut-off percentage for certification?
No, our courses don’t require any kind of assessment or certification. our online accounting courses can be done after the 12th. We provide value-added courses where students can build their careers in accounting. Though we provide certificates after completing the course from our academy.
28. Details of the Target audience for these courses: Entry profile of the candidates including —age-group, academic background (if needed), kind of audience, audience behavior, etc.
Our primary target audiences are students and young adults with a range of studying with a small income. The age group of students for our courses starts after the 12th.
Publisher:TOP ACCOUNTING CERTIFICATIONS THAT ATTRACT RECRUITERS | ACADEMY TAX4WEALTH
Feb 06,2023
Top Accounting Certifications that Attract Recruiters
Earning Accounting Certifications is a great opportunity for anyone who wants to take their career as a financial professional to the next level. Resources are required for any organization to conduct its activities. The organization focuses exclusively on revenue management for this resource. Presently every organization is also focusing on revenue management. In such a situation, abundant employment opportunities are becoming available in the accounting field. Accounting Certifications not only increases your earning potential but also makes you eligible for the best positions. Also, getting your accounting certification also forms the basis of your selection by the employer.
What is accounting certification?
Accounting certifications are credentials used by accounting professionals to level up their skills and advance in their careers. Your career path, expertise, qualifications and resources matter in determining which accounting certifications is right for you. Each accounting certification has specific educational and experience requirements and focuses on developing specific skills to achieve them.
What are the advantages of accounting certification?
Accounting certification is especially important for any accounting professional. After getting the accounting certification, there is a huge help in the systematic and planned development of the career of the accounting professional, on the basis of which the professional can give maximum contribution to the organization according to his potential. This adds to the value of the professional and he becomes valuable to the organization. As a result, it also provides financial benefits to the accounting professional. Due to the development of accounting skills, many opportunities are also available for accounting professionals.
Some Major Accounting Certifications
1. Certified Financial Analyst:
Many companies require security analysts and asset managers in the context of financial investments. The chief financial analyst is able to perform this task in a better way. This accounting certifications is sponsored by the CFA Institute. Earning this accounting certification opens up opportunities to serve as an equity analyst, hedge fund manager, chief financial officer or senior finance manager. This credential requires four years of experience in financial services and a bachelor's degree. The exam consists of three successive levels with a total time duration of 18 hours. Current requirements also include 20 hours of CPE credit. Earning this accounting certification confirms financial knowledge and competence in the context of portfolio management, economics, and investment analysis.
2. Certified Internal Auditor:
The CIA certification is also important for professionals aspiring to pursue a career in internal auditing because it is internationally recognized. It also attests to the level of technical proficiency with risk and control of the accounting attestation professional. This certification also states that the professional is able to work with an internal employee as well as with an external client. CIA certification supports the professional who cherishes the dream of becoming a Chief Audit Officer. CIA requires a bachelor's degree with two years of internal audit experience. The exam consists of three levels of total exam time of 6.5 hours.
3. Certified Public Accountant (CPA):
The most popular is the CPA accounting certification. This certification is considered essential for obtaining many accounting positions. This Accounting Certifications indicates that the professional has the potential for a forensic accounting, risk management, compliance, top accounting role. This certification credential is provided by the American Institute of Certified Public Accountants. The CPA accounting certification is widely recognized throughout the accounting industry. Many companies prefer professionals with CPA accounting certification for managerial positions. Financial professionals who obtain the CPA accounting certification get good job opportunities in public, private accounting, taxation.
The test for the CPA accounting certification consists of four levels, which can be taken in any order. Graduation with one year experience in accounting is required.
4. Certified Management Accountant (C M A):
The CMA Accounting certification clarifies that the professional has a level of competency in management, decision analysis, forecasting, internal control auditing. This certification is sponsored by the Institute of Management Accountants. The CMA accounting certifications requires a professional to have a bachelor's degree with at least two years of continuous work experience in management accounting or financial management. The exam consists of two levels of total eight hours. Current requirements include 30 hours of continuing professional education (CPE) credit.
It is generally seen that professionals aspiring to make a career in a multinational company try to obtain both the CPA and CMA accountancy certifications.
5. Enrolled Agent:
Enrolled agents are licensed by the government to represent taxpayers. They give advice to the customers. Prepares personal and business taxation and also deals with matters relating to tax audit. This accounting certification is provided by the IRS. This requires the professional to pass a comprehensive three-part exam covering personal and business tax returns. Ongoing requirements include 72 hours of continuing education courses every three years.
6. Financial Services Audit Certificate:
FSAC states that the professional is proficient in cyber security risk, fraud risk, valuation, financial services audit, liquidity risk management, internal audit in financial services, market risk, model risk management, third party risk management. FSAC is a specialized accounting certifications awarded by the Institute of Internal Auditors. Requirements include passing an assessment based program with 11 subject areas.
7.Chartered Global Management Accountant (CGMA):
CGMA is a global certification for business and government to work with. It conveys the accounting skills and expertise of the accounting certifications professional in developing strategies. This accounting certification is jointly provided by AICPA and CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS.
This accounting certification proves especially beneficial for professionals aspiring to be connected to a global network. AICPA requires three years of experience in accounting. Cima members automatically qualify.There is a written test of accounting competencies for this accounting certification which is conducted four times a year.
Apart from these, there are many other types of accounting certification opportunities are also available, which can be selected by the accounting professional based on their requirement and availability of resources. But accounting certification definitely provides an opportunity on the basis of which the accounting professional can create excellent career growth prospects for himself by improving his competence. Along with this, it can also generate possibilities of economic benefits for itself.
Publisher:SCHOLARSHIP PROGRAM AT ACADEMY TAX4WEALTH
Feb 07,2023
Scholarship Program at Academy Tax4wealth
Accounting research enables all types of organizations to assess their financial standing. Students who seek online accounting courses can qualify for a variety of jobs in industries related to business, including public accounting and forensic accounting. scholarship program at academy tax4wealth help students pay for their education because tuition may be quite expensive.
Our scholarship program provides students with financial assistance from an appropriate authority. It has changed many students' lives by assisting them in achieving success and fulfilling their dreams.
In this blog, we have described that Academy Tax4wealth Scholarship program is for students after 12th, college students, and graduate students. We've also provided helpful advice on how to obtain an accounting scholarship and lower the cost of your academic expenses as you pursue a career in accounting. You'll also discover more about the requirements for graduate and undergraduate online scholarship.
What Is an Academy Tax4wealth Accounting Scholarship?
Scholarship Program in Accounting is a type of financial aid offered by Academy Tax4wealth to students seeking degrees in accounting or business with a concentration in accounting. Candidates must fulfill specific standards for qualifying and offer documentation of their credentials. Under Scholarship Program we help more students, especially those focusing on accounting, are turning to scholarships as a practical way to pay for college tuition and fees due to the high expense of attending college. This is especially true for students from low-income families.
Common Requirements for Scholarship program in Accounting:
For students to be eligible for an scholarship program in accounting, they need to have a basic understanding of accounting as well as a fundamental knowledge of broad topics.
Requirement for Online Applications. requires background, education, and employment history from the applicant. You will also submit any additional application materials here.
The student's interest in a career in accounting is a key qualification for accounting scholarships. The majority of accounting scholarships are given out by a variety of professional organizations that support their goals.
Documentation Needed. Candidates who have been chosen after the scholarship test must deliver all of their documentation.
Benefits of Scholarship Program at Academy Tax4wealth:
Education has become one of today's most important and expensive assets. Most high school graduates seek financial assistance to pursue a career that requires several years of education.
Our scholarship program provides students with financial assistance from an appropriate authority. It has changed many students' lives by assisting them in achieving success and fulfilling their dreams.
The following are the benefits of Scholarships for Students:
Keeps you out of debt - We offer free scholarship for students after 12th that allow students like you to pursue your dreams. It assists in empowering your academic and career goals by removing the financial barrier.
Improves performance - Receiving a scholarship eliminates all financial concerns. As a result, you will have more time to study, gain knowledge and achieve higher grades. You have plenty of time to look for opportunities to improve your skills and knowledge.
Advances your career - Receiving a scholarship is an honour. Academy Tax4wealth believes in the philosophy of 'Your Dreams Our Goal.' As a result, we are offering scholarships for students in India for our job Guaranteed courses.
Explore our various courses at https://academy.tax4wealth.com/public/category/job-guaranteed-courses.
Key Highlights Of the Scholarship Program:
We assist our students in obtaining the outstanding scholarship experiences and services that are required of them. We'll help you decide the best course of action for your success and provide the best scholarship program for your career that will advance you and keep you there to make your future better.
Affordable Programmes – Study without breaking the bank with the range of our affordable programs. We will also provide certificates to all the students.
Career Services –Enhance your CV or practice for an interview with 100% Job Placements in CA Firms or Companies that will give you wings to excel in your career.
Support Services – We offer a whole range of pre-enrolment support services. And 24*7 outsourced technical support from our expert for all the users.
Hostel Accommodation – We provide our students with comfortable accommodations. It's a second home that ensures students live out their lives in a healthy, safe, and conducive environment.
Eligibility for Scholarship Program-
Minimum Eligibility Conditions:
At least a 12th pass is required for eligibility.
Anyone from any field may submit this form.
There is no age limit for this program.
The scholarship test will take place offline.
Frequent-Asked Questions:
These are some the Academy’s Tax4wealth Scholarships Program ‘s most frequently asked questions. Please send us your query if the answer to your issue is not provided below.
Who may apply for scholarship programs?
Ans: These scholarships are available to students from various streams who meet the scheme's requirements.
How do I submit an online scholarship application?
Ans: Visit the website at http://scholarship.tax4wealth.com/ to submit an online application.
Can I apply for a scholarship without my Aadhaar card?
Ans: An Aadhaar number is not necessary for students to register and submit an online application. Without providing their Aadhaar number, students can still apply for scholarships, but they will need to provide their Aadhaar enrollment ID instead.
How will this scholarship help me get my dream job?
Ans: Getting Academy Tax4wealth's scholarship will help you improve your skills by giving you practical training. Additionally, practical exposure from industry experts will give you an advantage over other candidates. Your chances of being selected for further consideration will increase.
Publisher:CA NEW SCHEME OF EDUCATION AND TRAINING | ACADEMY TAX4WEALTH
Feb 14,2023
ICAI Proposed CA New Scheme of Education and Training 2023
CA New Scheme 2023 - The ICAI recently recommended a CA new education and training scheme. The redesigned educational program includes revisions to all three levels of the CA Course as well as the three-year practical training. Previously, in 2017, ICAI changed the CA curriculum, introducing new CA Foundation, CA Intermediate, and CA Final course syllabuses. Some papers from all three levels are integrated and some are withdrawn in the CA revised syllabus 2023. Furthermore, the CA articleship time is decreased from three to two years under the new arrangement.
ICAI CA Course Level
New Changes
CA Foundation
4 Subjects from 6 Subjects
CA Intermediate
6 Papers (3 in each Group)
CA Final
6 Papers (3 in each Group
There are also several modifications in eligibility, registration validity, curriculum, subjects, paper pattern, passing requirements, exemptions, training leaves, and leaving the CA course.
So, in this blog, we’ll explain to you all you need to know about the ICAI’s proposed new education and training system in 2023, as well as a comparison of the old and new schemes.
Applicability Date of the ICAI CA New Scheme 2023 - Latest Update:
CA New Scheme 2023 will be adopted beginning with the May 2024 attempt. According to an ICAI representative, the new course will be discontinued in November 2023.
Previously, according to ICAI Vice-President, CA Aniket Sunil Talati, the CA New Scheme 2023 will be implemented beginning in November 2023 if the MCA approves it before February 2023. If the MCA delays approval, the revised plan will be implemented beginning with the May 2024 attempt.
1.CA Foundation 2023 New Course:
There are currently no requirements for the number of tries in the CA Foundation course. As a result, students can attempt as many times as they like. The validity of the CA Foundation registration can also be revalidated many times.
However, under the planned education and training program, students can enroll after the tenth grade, and the CA Foundation registration is valid for four years.
Furthermore, students cannot revalidate their foundation registration after four years.
There will also be no more cut-off dates for the CA Foundation enrollment, such as January 1 and July 1. This will allow the ICAI to hold three examinations every year.
CA Foundation New Syllabus 2023:
The CA Foundation syllabus now consists of six courses and four papers. ICAI has recently withdrawn two topics from the CA new scheme: Business Correspondence & Reporting and Business & Commercial Knowledge.
The revised CA Foundation syllabus for 2023 is as follows:
Paper – 1: Accounting (100 Marks)
Paper – 2: Business Laws (100 Marks)
Paper – 3: Quantitative Aptitude (100 Marks)
Business Mathematics
Logical Reasoning
Statistics
Paper – 4: Business Economics (100 Marks)
Criteria for Passing the CA Foundation:
The ICAI has modified the CA Foundation exam pattern. Students must get 50% to pass the CA Foundation examinations under the new method, and there will be a .25 negative marking for each incorrect MCQ answer.
All of these modifications are part of the revised education and training program for the CA Foundation course.
If you want to prepare for the 2023 examinations, you can enroll in Academy Tax4wealth's CA Foundation online course. Our lectures are based entirely on the most recent ICAI exam format and study materials.
2. CA Intermediate Course under the New Scheme 2023
CA Eligibility for Intermediate
The qualifying conditions for the CA Intermediate course remain unchanged. However, to sit for the tests, direct entrance candidates must complete an 8-month study term
Validity of CA Intermediate Registration
The CA Intermediate registration is now valid for five years rather than four. Furthermore, CA Intermediate students can only revalidate their registration form once with the stipulated costs.
CA Intermediate Syllabus Update 2023:
The CA Intermediate course will now consist of six papers rather than eight. The ICAI has recommended the following modifications to the CA Intermediate subjects:
Papers 1 and 5 have been combined into one, and one paper is titled Advanced Accounting.
Enterprise Information Systems (EIS) has been dropped from paper 7, and Economics for Finance has been dropped from paper 8. The remaining portion is included in paper 6 as financial management and strategic management (50 marks each).
Paper 2 of corporate law will completely cover the companies act. Its business law element will be addressed at the CA Foundation level.
CA Passing Criteria for Intermediate:
The CA Intermediate exam passing requirements will also change. As a result, all six papers will have 30% MCQs. Furthermore, .25 negative markings for each incorrect answer.
3. CA Final Course under the New Education and Training Scheme:
CA Final Eligibility and Registration:
Students must pass both rounds of CA Intermediate examinations and complete the ICITSS training to be eligible to apply for the CA Final course.
However, to take the CA Final examinations, students must:
Finish the Advanced ICITISS Course
After the practical training, complete a 6-month study session.
Complete all four self-paced modules.
CA Final registration is good for ten years. After ten years, aspirants can revalidate their registration for the stipulated cost.
CA New Syllabus Final 2023:
ICAI has decreased the number of CA Final papers from eight to six in the CA New Scheme 2023. Now, each group will have three papers.
The following are the major changes made to the CA Final Subjects:
Papers 4 and 5 subjects will be deleted and replaced with self-paced modules.
Paper 6 will no longer have any options. Strategic Management will be a multi-disciplinary case study.
Risk management, financial services, and capital markets are now included in Set C of the self-paced modules.
CA Final Exam Pattern:
All CA Final examinations, like the CA Intermediate new course 2022, will have 30% MCQ-based questions. There will also be a 25% penalty for each incorrect objective answer.
Business Accounting Associate - Exit Route
Under the New CA Course 2023, the exit route will also change. Students usually drop out of the CA Program after failing to pass the CA Final Exams.
Instead of Accounting Technician, ICAI will now provide the Business Accounting Associate credential. They must, however, meet the following requirements:
Passed both CA Intermediate groups.
Finish the CA Articleship Training.
Completed soft skills and information technology courses.
Completed all four self-paced modules.
Students can check out the ICAI's PPT presentation and pdf for the new suggested system, which is also the source of this blog.
Conclusion:
This is all about the recently proposed CA New Scheme of Education and Training by ICAI. The new course will help future Chartered Accountants by preparing them for international markets.
Stay connected to this page of Academy Tax4wealth as we will update it with all ICAI news on the new CA Course structure.
