Conversion from Syllabus 2008 to Syllabus 2012

Exemptions

EXEMPTIONS UNDER SYLLABUS 2012

INTERMEDIATE:

(1) Students who are presently pursuing Intermediate Course under Syllabus 2008, having qualified either of the Groups in Intermediate Course under Syllabus 2008, upon opting to switch-over to Syllabus 2012 shall be granted Exemptions as under:

Group-wise Exemption :

Under Syllabus 2008 Under Syllabus 2012
Exempted from To complete Intermediate Course, shall have to appear and qualify in
Qualified Group I of the Intermediate Course Exempted from appearing in Group I of the Intermediate Course Group II of the Intermediate Course
Qualified Group II of the Intermediate Course Exempted from appearing in Group II of the Intermediate Course Group I of the Intermediate Course

(2) Students who are presently pursuing Intermediate Course under Syllabus 2008, having passed Subject(s) under Syllabus 2008, upon opting to switch-over to Syllabus 2012, and if otherwise eligible as per rules of the Institute, can now avail exemption for the immediate next three terms in the following Subject(s):

Paper-wise Exemption

Secured/obtained at least 60% marks in any subject under “Syllabus 2008” Exempted from appearing in the corresponding/equivalent subject under “Syllabus 2012” Validity period for availing the benefit of exemption
Paper 5 – Financial Accounting of Group I Paper 5 – Financial Accounting of Group I Until the completion of three consecutive terms from the end of the term in which such qualifying marks was secured/obtained by the said student. Example:
  1. If the student has obtained 60% marks in Paper 5- Financial Accounting under Syllabus 2008 in December 2012 examination.
  2. Subsequently, the said student appeared in June 2013 examination, but failed to complete/qualify Group I under Syllabus 2008.
  3. The said student now opts for pursuing the Course under Syllabus 2012. In such a case, the validity period for allowing this exemption shall remain valid until June 2014.
  4. Assuming the student fails to clear/qualify Group I under Syllabus 2012, even in June 2014, then he/she shall have to appear in Paper 5- Financial Accounting under Syllabus 2012, as the validity of three consecutive terms has expired in June 2014.

[ Here, 3 consecutive terms are – June 2013, December 2013, June 2014]
Paper 6 – Commercial & Industrial Laws & Auditing of Group I Paper 6 – Laws, Ethics & Governance of Group I
Paper 7 – Applied Direct Taxation of Group I Paper 7 – Direct Taxation of Group I
Paper 8 – Cost & Management Accounting of Group II Paper 8 – Cost Accounting & Financial Management of Group I
Paper 9 – Operations Management & Information System of Group II Paper 9 – Operations Management & Information System of Group II
Paper 10 – Applied Indirect Taxation of Group II Paper 11 – Applied Indirect Taxation of Group II
Note: (i) If any student obtains qualifying marks under Syllabus 2008 in the last term of that Syllabus 2008, i.e. June 2015, then the benefit of availing the exemption shall continue under Syllabus 2012 for the next three consecutive terms, i.e. December 2015, June 2016 and December 2016.
(ii) NO CORRESPONDING EXEMPTION IS GRANTED FOR THE FOLLOWING SUBJECTS UNDER SYLLABUS 2012 Paper 10: Cost & Management Accountancy of Group II Paper 12: Company Accounts & Audit of Group II

FINAL :

(3) Students who are presently pursuing Final Course under Syllabus 2008, having qualified either of the Groups in Final Course under Syllabus 2008, upon opting to switch-over to Syllabus 2012 shall be granted Exemptions as under:

Group-wise Exemption :

Under Syllabus 2008 Under Syllabus 2012
Exempted from To be declared as Final Complete Pass, shall have to appear and qualify in
Qualified Group III of the Final Course Exempted from appearing in Group III of the Final Course Group IV of the Final Course
Qualified in Group IV of the Final Course Exempted from appearing in Group IV of the Final Course Group III of the Final Course

(4) Students who are presently pursuing Final Course under Syllabus 2008, having passed Subject(s) under Syllabus 2008, upon opting to switch-over to Syllabus 2012, and if otherwise eligible as per rules of the Institute, can now avail exemption for the immediate next three terms in the following Subject(s):

Subject-wise Exemptions:

Obtained/secured/awarded marks to avail Exemption ( for three consecutive terms only in the immediately succeeding 3 terms of Examinations) under Syllabus 2008 If now opts for switchover from Syllabus 2008 to Syllabus 2012 – will be eligible to avail exemption in the corresponding paper under Syllabus 2012
Paper 11 – Capital Market Analysis & Corporate Laws Paper 13 – Corporate Laws & Compliance (CLC)
Paper 12 – Financial Management & International Finance Paper 14 – Advanced Financial Management(AFM)
Paper 13 – Management Accounting : Strategic Management Paper 15 – Business Strategy & Strategic Cost Management (BSCM)
Paper 14 – Indirect & Direct Tax Management Paper 16 – Tax Management & Practice (TMP)
Paper 15 – Management Accounting : Enterprise Performance Management Paper 17 – Strategic Performance Management (SPM)
Paper 16 – Advanced Financial Accounting & Reporting Paper 18 – Corporate Financial Reporting (CFR)
Paper 17 – Cost Audit & Operational Audit Paper 19 – Cost and Management Audit (CMAD)
Paper 18 – Business Valuation Management Paper 20 – Financial Analysis & Business Valuation (FABV)

Conversion to Syllabus 2012 from 2002 via 2008

INTERMEDIATE COURSE

CASE 1 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Both stage/group Syllabus 2002 and 2008 Qualified Stage 1 under Syllabus 2002
Required : To appear and pass in paper no. 5, 6, 10, 11 and 12 under syllabus 2012 to complete intermediate.

CASE 2 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Both stage/group Syllabus 2002 and 2008 Qualified Stage 1 under Syllabus 2002 and got 60% or more in paper 11(Auditing) under syllabus 2002 and as a result earned exemption in paper 6 under syllabus 2008
Required : To appear and pass in paper no. 5, 10, 11 and 12 under syllabus 2012 to complete intermediate.

CASE 3 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002
2008 		Stage 1
Group 2 		Syllabus 2002 and 2008 Qualified Stage 1 under Syllabus 2002
Required : To appear and pass in paper no. 5, 6, 10, 11 and 12 under syllabus 2012 to complete intermediate.

CASE 4 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Both stage/group Syllabus 2002 and 2008 Qualified Stage 2 under Syllabus 2002
Required : To appear and pass in paper no. 6, 7, 9,10,11 and 12 under syllabus 2012 to complete intermediate

CASE 5 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002
2008 		Stage 2
Group 1		 Syllabus 2002 and 2008 Qualified Stage 2 under Syllabus 2002
Required : To appear and pass in paper no. 6, 7, 9,10,11 and 12 under syllabus 2012 to complete intermediate .

CASE 6 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Stage 1 only Syllabus 2002 only. Qualified Stage 1 under Syllabus 2002
Comment: Students who have not appeared in examination under syllabus 2008, no credit of passing /qualifying in any group would be offered to such student since they have not appeared under syllabus 2008. Hence, need to appear and pass both groups of intermediate under syllabus 2012

CASE 7 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Stage 2 only Syllabus 2002 only. Qualified Stage 2 under Syllabus 2002
Comment: Students who have not appeared in examination under syllabus 2008, no credit of passing /qualifying in any group would be offered to such student since they have not appeared under syllabus 2008. Hence, need to appear and pass both group of intermediate under syllabus 2012

CASE 8 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Passed Stage 1
Passed Group 2		 Syllabus 2002
Syllabus 2008 		Syllabus 2002
Syllabus 2008
Comment: Need to appear and pass in paper 5 and 6 under syllabus 2012 to complete intermediate

CASE 9 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Intermediate 2002 Passed Group 1
Passed Stage 2 		Syllabus 2008
Syllabus 2002 		Syllabus 2008
Syllabus 2002
Comment: Need to appear and pass in paper 9, 10, 11 and 12 under syllabus 2012 to complete intermediate

FINAL COURSE

CASE 10 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002 Both stage/group Syllabus 2002 and 2008 Qualified Stage 3 under Syllabus 2002
Required : To appear and pass Group 4 under syllabus 2012 to complete final.

CASE 11 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002 Both stage/group Syllabus 2002 and 2008 Qualified Stage 4 under Syllabus 2002
Required : To appear and pass Group 3 under syllabus 2012 to complete final

CASE 12 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002
2008 		Stage 3
Group 4 		Syllabus 2002 and 2008 Qualified Stage 3 under Syllabus 2002
Required : To appear and pass Group 4 under syllabus 2012 to complete final.

CASE 13 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002
2008 		Stage 4
Group 3 		Syllabus 2002 and 2008 Qualified Stage 4 under Syllabus 2002
Required : To appear and pass Group 3 under syllabus 2012 to complete final.

CASE 14 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002 Stage 3 only Syllabus 2002 only Qualified Stage 3 under Syllabus 2002
Comment: Students who have not appeared in examination under syllabus 2008, no credit of passing /qualifying in any group would be offered to such student since they have not appeared under syllabus 2008. Need to appear and pass both group of final under syllabus 2012

CASE 15 :

Course Enrolled Syllabus Stage/Group Appeared Passed
Final 2002 Stage 4 only Syllabus 2002 only Qualified Stage 4 under Syllabus 2002
Comment: Students who have not appeared in examination under syllabus 2008, no credit of passing /qualifying in any group would be offered to such student since they have not appeared under syllabus 2008. Need to appear and pass both group of final under syllabus 2012

Students registered to the Course under any Syllabus prior to Syllabus 2002

CASE 1

Students registered prior to syllabus 2002 ;

Passed/qualified in any one group of Intermediate/ Final Course, under any syllabus prior to Syllabus 2002;

To avail benefit of passing a stage /group under any syllabus prior to syllabus 2002, require to fulfil the following condition:

  • Should have appeared under both syllabus 2002 and 2008

In such case, the exemption mapping will be in line with students under syllabus 2002 (as per Annexure 2)

CASE 2

Students registered prior to syllabus 2002 ;

Passed/qualified in any one group of Intermediate/ Final Course, under any syllabus prior to Syllabus 2002;

  • Not appeared under syllabus 2002; or
  • appeared under syllabus 2002 but not 2008.

Hence, shall have to appear in both groups at the respective level, under syllabus 2012.