CA Final Paper 6 Integrated Business Solutions | New Subject Details

Details and process about CA New Course optional Papers

The profession of Chartered Accountant, or CA, is in high demand. Any new candidate seeking to become a Chartered Accountant should be aware that the Institute of Cost Accountants of India (ICAI) has announced a new education and training scheme for ICAI, which will take effect on July 1, 2023. 

The new method would be applicable to all new candidates registering for all three levels of the CA test - CA Foundation, CA Intermediate, and CA Final - beginning in 2024 and the first exam will be held in May 2024.

What is the ICAI New Education Scheme?

The ICAIs new scheme will take effect on July 1, 2023, affecting everyone who wants to follow their dream of becoming a CA. The new CA Final Exam course has been created to satisfy the demands and expectations of CA aspirants in the workplace. Paper 6 "Elective Paper" is a pleasant change. The Institute of Chartered Accountants of India has launched a new paper called Elective Paper. A student has been given a total of six options from which to select a subject of his or her choice.

What exactly is the CA Final Elective Paper?

This is a case study-based open book paper.According to the syllabus, there are two groups and six CA Final subjects, each of which comprises three papers. 

Group 1 consists of papers 1, 2 and 3  whilst Group 2 consists of papers 4, 5 and 6. Paper 6 is one of the key distinctions between the ICAI CA Final old syllabus and the new syllabus under the current scheme. 

According to the new syllabus and new education policy of icai, integrated business solution is also known as (Multi-disciplinary Case Study with Strategic Management), but it is a compulsory paper for all new students out there, and now in the new syllabus,This paper has replaced the former elective subjects as a requirement for incoming students, bringing together multiple areas of learning and this paper 6  is a combination of all the seven papers that were present in the previous syllabus. 

The document "Integrated Business Solution" is a game changer. Students now receive a taste of everything in one paper rather than studying distinct subjects. This method is well aligned with the new education policys goal of providing students with a comprehensive understanding of how various aspects of a business interact.

Paper 6 (Group 2)

Integrated Business Solutions

(Multi-disciplinary case study with Strategic Management) (100 marks)

Objective of this paper is to analyze and integrate the concepts, principles and provisions of accounting, auditing, taxation, corporate laws, finance and business strategy and management to address issues in practical case scenarios. 

This paper will be entirely case study based and would assess the integrated knowledge of following subjects

• Contents Financial Reporting 
• Advanced Financial Management Advanced Auditing
• Assurance and Professional Ethics 
• Direct Tax Laws & International Taxation 
• Indirect Tax Laws Corporate and Economic Laws Strategic Cost 
• Performance Management 

The Institute of Chartered Accountants of India has introduced a subject called Integrated Business Solution in CA Final Paper 6 New Syllabus, which would be a Multi-disciplinary case study paper with some strategic Management.

Before we can grasp what an integrated business solution is, we must first define integrated business processes, integrated business services, and integrated business systems.

The Integrated Business Process (IBP) is a business management process that aims to connect strategic, tactical, and operational planning at the local (market, site), regional (including production sites), and global levels in order to assess risk and opportunities, verify assumptions, and generate a feasible integrated business plan in volume and value through cross-functional collaboration.

Integrated Business Services are intended to assist consumer goods organizations in achieving high performance by rising to their core challenge—developing a winning operating model with both global reach and size as well as local relevance and intimacy.

To improve business planning and performance tracking, integrated business systems include tools that retrieve data from the data repository. Canned or ad hoc reporting solutions enable firms to forecast and make informed decisions based on historical data.

An Integrated Business Solution connects all of your data, people, and processes into a single solution. This method is currently considered best practice by leading HSEQ (Health, safety, environment, and quality) management teams.

CA Final New Course Registration Procedure: 

Candidates interested in taking the CA final new course should review the registration process outlined below:

• Go to the ICAI website and then to the students tab, then to the course registration column.
• Select Final Course Registration Form.
• Fill in your name, age, date of birth, gender, Aadhar card number, email address, phone number, and password.
• You will be sent an OTP to verify your information.
• Once your basic information has been verified, you will be directed to the next stage.
• Your profile has been created, and you are now requested to complete the remaining details.
• After entering your information, you will be requested to pay registration and training expenses. You should also take use of the optional journal for a student to stay up to date on course and syllabus news. The overall cost is approximately Rs 36,500, which does not include test expenses.
• Making an online payment requires a Master/Visa/Maestro Credit/Debit/Rupay/Net Banking information Card.
• After you pay, you will receive a PDF. File including your contact information and registration number
• Within a month of completing the procedure, you will obtain a registration certificate.

The CA Final & Inter New Course ICAI May 2024 admissions process is currently in full swing, and this is your chance to enter the world of professional greatness.Lets make the May 2024 tests a springboard to your professional achievement.  Follow us for more information and content like this!