On 4, June 2024, the official website of ICAI announced the SPMT examination. Self-paced examination promotes flexible and continuous learning habits for the students. The students should complete the target of 40 learning hours. The self-paced examination helps the students to gain deep knowledge in the related subjects. In the CA course, the students travel with the professors and faculties personally and professionally. In article ship training, the students spend more time on the job and less time on learning. The stress in the job makes the students less focused. RR Academy provides a friendly environment that promotes learning habits. The workplace offers a formal environment to the students. At a young age, a friendly environment provokes the learning habit.
RR Academy understands the psychology of students from different age groups and trains them accordingly. After completing the learning hours, the students can appear in the self-paced examination. The self-paced examination has four Sets. SET-A and B are the compulsory modules. SET-C consist of elective subjects. SET D consist of multidisciplinary subjects. The blog throws light on the self-paced examinations and skills derived from self-paced examinations for the current job market.
Self-paced modules:
After registering for the CA final examination, the students can take up the self-paced examination at their own pace. In SET-A and B, the students should complete forty hours of learning. ICAI digital learning campus provides a SPOM dashboard. The dashboard shows the learning journey and the completion status of the students. The examination department of ICAI conducts the SPOM examination. The following points are worth sharing to understand the self-paced examination. CA final 2024 students are the first batch for the online self-paced examination.
- A desktop or laptop with a webcam is mandatory to attend the examination.
- A quality internet connection with a speed of 2 to 5 Mbps is an essential one.
- The ICAI login details will have an SSP profile photo. The digital learning hub will compare the photo of the student with the old one. The students should have proper light over the face to complete the face identification.
- The webcam frame monitors the student throughout the examination. The student should not move out of the frame. The CA final registration form consists of details of subjects in a self-paced online module examination. The students can select the subjects during the CA final registration.
- SET-A and B have two subjects. SET-C and D have fourteen subjects.
- The students receive video lectures, physical study materials and e-books in the digital learning portal. The BoS knowledge portal has the study materials of all the subjects in the self-paced examination.
- The students require expert knowledge to complete the SET-A and B. The students require working knowledge to complete the SET-C and D.
- The students can take N number of attempts to complete the self-paced modules. The pass mark is fifty. The number of attempts gives flexibility and clarity to the students appearing in the CA final examination.
- Passing a self-paced examination is mandatory. The aggregate marks of the CA final do not include the self-paced examination marks.
- The system requirement for attending the self-paced examination is as follows: Google web browser, dual-care or higher, RAM: 2GB or higher, and webcam.
- The subjects in SET-C are risk management, public finance and government accounting, sustainable development and sustainability reporting, insolvency and bankruptcy code, 206, international taxation, forensic accounting, arbitration and conciliation act, 1996, valuation, forex and treasury management, financial services and capital markets.
- The subjects in SET-D are psychology and philosophy, the constitution of India and the art of advocacy, entrepreneurship and start-up ecosystem, and digital ecosystem and controls.
- All four sets carry a hundred marks. The duration of the examination is forty for the first two sets. Twenty for the rest two sets of self-paced examinations.
Skills gained through self-paced examination:
- Corporate and economic laws educate the students about the registration, formation and regulation of companies operating in India.
- Strategic cost and performance management educate the students about business strategy and cost management.
- Risk management educates the students about risk monitoring techniques and problem-solving attitudes.
- Public finance educates students about the national infrastructure, research, military investment, national taxes and daily operations.
- Government accounting educates the students about the GAAP, budget, business knowledge and allocation of resources to different programs.
- Sustainable development educates the students about the economic, social and environmental goals.
- Sustainability reporting educates the students about the importance of planning, document maintenance, and identifying partners for sustainability.
- The insolvency and bankruptcy code educates the learners on the transparency, efficiency, and predictability of the insolvency resolution process.
- International taxation educates the students about different jurisdictions, multinational teams and collaborative skills.
- Forensic accounting educates students to understand electronic data and attention to detail.
- The Arbitration and Conciliation Act educates learners about drafting and writing skills.
- Valuation educates the learners about business values, investment plans, plans for the future, and negotiating skills.
- Forex and treasury management educate the analytical and forecasting skills.
- Financial services and capital markets educate the students about market awareness and teamwork.
- Psychology and philosophy educate the students to be a better communicator and human resource manager.
- The constitution of India educates the learners on the fundamental principles, powers of politics, structure and responsibilities of state institutions.
- The art of advocacy educates the rights of individuals and effective communication.
- Entrepreneurship and start-up ecosystems educate the learners the leadership and time management skills.
- Digital ecosystems and controls educate the learners about technology and data analytics.
Final Words:
In the new scheme of chartered accountancy, the BAA certificate is for students dropping out from the CA course. The eligibility to receive the BAA certificate is the completion of CA intermediate, article ship training, self-paced examination, and integrated courses on IT and soft skills. Self-paced examination and CA intermediate syllabus prepare the students for the top-level positions in the companies. The students without a CA final get opportunities by including a BAA certificate of ICAI in the bio-data. The self-paced examination prepares the professionals for top management roles.
