The students after completing the 1st/ 2nd year of practical training are eligible to appear in these assessment tests in the subsequent quarter of completion of the same.
For example, a student completing his/her 1st/ 2nd year of practical training during April? June 2018 will be supposed to appear in the respective test during September 2018. These students will however, be given an extension till December 2018 to appear in these tests.
The first test will be on September 23, 2018 and the students who have completed their 1st/ 2nd year during April?June 2018 are eligible to appear for this test. 1st and 2nd level tests will be held on same dates.
These tests are being introduced to assess the knowledge gained by the students during the course of practical training and their ability to apply their subject specific skills while undergoing their training in that particular area. Hence, there is no defined syllabus for these tests. However, fields in which practical training is being imparted have been identified.
Two modules (Accounting and Auditing (including Corporate Laws)) will be compulsory whereas students will have to choose one/ two modules out of the available options for the 1st/ 2nd level test respectively, as per their specialization areas during practical training. The available options are:
|S No||First Year||Second Year|
|1.||Direct Tax||Direct Tax including International Taxation|
|2.||Indirect Tax||Indirect Tax|
|3.||Internal Audit||Internal Audit|
In the 1st level test, Accounting and Auditing (including Corporate Laws) of 50 marks will be compulsory and students would be selecting one optional module (comprising of 25 marks) out of Direct Tax, Indirect Tax and Internal Audit, as per their practical training specialization area.
In the 2nd level test, Accounting and Auditing (including Corporate Laws) of 50 marks will be compulsory and students would be selecting two optional modules (comprising of 25 marks each) out of Direct Tax (including International Taxation), Indirect Tax and Internal Audit, as per their practical training specialization areas.
50 questions will be asked from the compulsory module, i.e. Accounting and Auditing (including Corporate Laws) and 25 questions from the selected optional module. Each question will carry one mark.
40 questions (30 questions carrying one mark and 10 questions carrying 2 marks) will be asked from the compulsory module, i.e. Accounting and Auditing (including Corporate Laws) and 20 questions (15 questions carrying one mark and 5 questions carrying 2 marks) from each selected optional module. In effect, compulsory module will carry a weightage of 50 marks and each optional module will have 25 marks weightage.
These tests will help students to self?assess themselves and know as to wha they have learnt during their training.
Tests will be MCQ based.
Tests will be conducted through online mode at the designated centers.
For the first time for both levels, no test fee is to be paid by the students. However, in case a student re?appears in the particular test for improving his/her grade, a nominal fee will be charged from the students.
For registration to these tests, a portal will be made available to the students through Institute website www.icai.org and ICAI Cloud Campus. You are requested to check the Board of Studies Announcements for further updates.
Since you have completed the practical training, you are not required to appear for any of these tests.
Since you have completed second year of practical training before April 1, 2018, you are not required to appear for any of these tests.
Since you have completed first year of practical training before April 1, 2018, you are not required to appear for first level test. However, you will be required to appear for second level test after completion of second year of practical training.
Since you will be completing first/ second year of practical training during the third quarter, i.e. July?September 2018, you will be required to appear in the test in the fourth quarter, i.e. October?December 2018.
The test has to be attempted in the subsequent quarter of completion of 1st/ 2nd year of practical training. However, exigencies may be considered.
If you do not appear in any test, your marksheet will show “Not Appeared” against practical training assessment for that particular level.
The test will be conducted at 150+ cities across the country, which will be notified on the registration portal. The students can opt for the city while registering for the test. Test center will be allocated on the admit card based on the number of students in each city.
The tests cannot be submitted online from your homes/ offices. You have to appear in these tests at the designated test centers only.
The result of these tests will be notified to the students on their login within a week.
You are required to take your practical training seriously and application of concepts will be tested in these assessments. The modules have also been mentioned above. Sample questions for practice have been uploaded in BoS Knowledge Portal on the Institute website at the link: https://www.icai.org/post.html?post_id=14836.More questions will be uploaded on the BoS Knowledge Portal for practice purposes in due course.
There is no negative marking in these tests.
You can register for the test from anywhere and select the test center preference accordingly while registering
To cater to this issue only, optional modules have been introduced. You may opt for any 1/2 modules from the choices available. Accounting and Auditing are considered the key subjects in CA curriculum which every aspiring Chartered Accountant should know thoroughly.
Since effectively your first/ second year of practical training has completed after April 1, 2018, you are required to appear for both/ second level test(s) respectively.
In this case, you have not taken any break during practical training. As per ICAI records, you are registered for practical training in a continuous fashion. Hence, completion date of your first year of training will be taken as one year after the practical training commencement date and completion date of your second year of training will be taken as two years after the practical training commencement date.
Since you have taken a break of one month during your practical training, the completion date of your first year of practical training will be considered as April 14, 2018 instead of March 14, 2018.
These tests are applicable as per the completion of first/ second year of practical training, irrespective of your appearing in November 2018 examination.
These tests are not having any pre?defined syllabus. The questions will be based on the understanding gathered during the practical training only.
If you are not satisfied with your grade, you will be given two more chances to re?appear in the test. A nominal fee will be charged for every repeat attempt. The best grade will be considered for inclusion in the marksheet. Please note that the two repeat attempts can be taken during further two quarters only and not after that.
If you are not satisfied with your grade received for September 23, 2018 test, you will not be allowed to re?appear during October?December 2018 since re?appearance is allowed in next quarter only. For re?appearing, students would be allowed to register for test date after December 2018 only.
The better of the two grades will be mentioned in the marksheet.
For queries/ clarifications, you may call Board of Studies at 0120?3876870/ 3045927 or mail to PTassessment@icai.in