Applicability of SET C and SET D for CA Final Students | The Institute of Chartered Accountants of India (ICAI) has issued a detailed notice regarding the applicability of Self-Paced Online Module Tests, specifically SET C and SET D, for CA Final students. These modules are a part of the revised curriculum aimed at equipping students with comprehensive knowledge and practical skills required for their professional journey. This article will elaborate on the applicability criteria for these sets, including exemptions and requirements, while addressing the nuances to help students prepare effectively.

Overview of Self-Paced Online Module Tests

The Self-Paced Online Module Tests are an essential component of the CA curriculum under the new scheme introduced by ICAI. They aim to enhance conceptual clarity and ensure that students are proficient in handling complex professional challenges. The tests are divided into four sets: A, B, C, and D, with each set focusing on specific subject areas.

Applicability for SET C and SET D

Exemptions for Specific Students

The following categories of students are exempt from appearing in SET C and SET D:

1. May 2024 Final Exam Candidates:
   • Students who have appeared for the CA Final exams in May 2024 are exempt from SET C and SET D, provided they fulfill the other eligibility requirements.
2. Old Scheme Intermediate Students:
   • Students who have passed both groups of the Intermediate Examination under the old scheme and completed 2.5 years of practical training (including adjustments for excess leaves) by 31st October 2024.
   • Completion of the Advanced ICITSS (Information Technology and Soft Skills) is mandatory for availing of this exemption.

Mandatory Requirement for Other Students

Students who do not fall under the above exemption categories must appear for and pass SET C and SET D. Specifically:

1. Practical Training Duration:
   • Students who have registered for two years of articleship training are compulsorily required to complete SET C and D to meet the eligibility criteria for the Final exams.

Steps to Complete SET C and SET D

For students required to complete SET C and SET D, here are the steps to ensure timely preparation and completion:

1. Registration:
   • Log in to the ICAI portal and register for the Self-Paced Online Module Tests. Ensure that you select the appropriate modules (SET C and D) during registration.
2. Booking Slots:
   • After registration, book a convenient slot for appearing in the tests. Slots are allocated on a first-come, first-served basis, so early booking is recommended.
3. Study Materials:
   • Access the study materials and resources provided by ICAI to prepare for the tests. Focus on understanding the concepts and practical applications of the topics covered in SET C and D.
4. Mock Tests:
   • Attempt mock tests available on the ICAI portal or other recommended platforms to gauge your preparation level and identify areas requiring improvement.
5. Final Test:
   • Appear for the tests on the scheduled dates. Ensure you meet the technical and environmental requirements for the online tests, such as a stable internet connection and a webcam-enabled device.

Importance of SET C and SET D

The inclusion of SET C and SET D in the CA curriculum underscores ICAI’s commitment to holistic education. These modules:

• Enhance Knowledge: Provide in-depth understanding of advanced topics essential for a Chartered Accountant.
• Develop Skills: Focus on practical and analytical skills required in real-world scenarios.
• Ensure Readiness: Prepare students for professional challenges they may encounter during their careers.

Common Queries and Clarifications

Q1: What happens if I don’t complete SET C and SET D by 10th October 2024?

A: Students who fail to complete these modules by the stipulated deadline will not be eligible to appear for the November 2024 CA Final exams.

Q2: Are there any exceptions to the mandatory requirement?

A: Exceptions apply only to students who have already appeared in the May 2024 Final exams or have completed the old scheme’s Intermediate exams and practical training as per ICAI’s guidelines.

Q3: How do I contact ICAI for further assistance?

A: For clarifications regarding online registration or booking slots for the tests, students can contact the designated helpdesk provided by ICAI. Ensure you have your registration number and other relevant details handy while seeking assistance.

Tips for Success

1. Plan Early:
   • Start your preparation early to avoid last-minute stress. Dedicate sufficient time to each topic covered in SET C and D.
2. Stay Updated:
   • Regularly check the ICAI website and notifications for updates regarding the Self-Paced Online Modules.
3. Utilize Resources:
   • Make the most of the resources and materials provided by ICAI, including webinars, study guides, and practice questions.
4. Stay Consistent:
   • Maintain a consistent study schedule and periodically review your progress.
5. Seek Support:
   • Join study groups or forums to discuss doubts and share knowledge with fellow students.

Conclusion

SET C and SET D are crucial for CA students aspiring to appear for the CA Final exams. Understanding the applicability criteria, preparing systematically, and adhering to deadlines will ensure a smooth and successful experience. Stay informed, stay prepared, and take advantage of all resources provided by ICAI to excel in these modules.

For any further clarifications, students are encouraged to reach out to ICAI’s support team. Best wishes to all aspirants as they prepare to achieve their professional goals!