The Institute of Chartered Accountants of India (ICAI) has announced a new educational scheme and training on June 23, 2023. This announcement is a significant development for students of financial accounting and aims to provide a business curriculum that meets the demands of organizations and entrepreneurs with requirements.

The new educational scheme covers various new activities of financial accounting which have been designed keeping in view the market demands and technological advancements. The new scheme aims to provide students with in-depth knowledge about financial administration, regulation, and other activities.

As per the new educational scheme, merit certificates to be obtained by the student at various levels will be required. These qualification certificates will be divided into Foundation, Intermediate, and Final Classes.

Her are the brief overview of the new system, 

https://resource.cdn.icai.org/74483bos-nset. 

The given dates are important for implementing the New Scheme of Education and Training.

On July 1st, 2023, the Syllabus, Transition Scheme, and Frequently Asked Questions (FAQs) will be made available. Details regarding exemption plans for each paper will be announced at a later date.