ICAI Self-Paced Online Modules (SPOM) for CA Final Candidates: A Complete Guide
Self-Paced Online Modules (SPOM) is a new method that the Institute of Chartered Accountants of India (ICAI) has launched for the CA Final examination. The design of these modules is to give students that most elusive thing-flexibility. It lets them learn important aspects in their own time and at their own convenience. In this blog, we will go over the registration, structure, passing criteria and more behind SPOM, which will help CA Final candidates leverage this innovative learning tool more creatively.
What Is The Institute of Chartered Accountants of India Self-Paced Online Module (SPOM)?
ICAI’s SPOM is an online learning scheme set up for candidates preparing for the CA Final. The modules have flexible learning hours and place students in contact with their course materials on the Internet. This makes them indispensable to any modern CA aspirant.
Key Features of SPOM:
- At your own pace: the students have the possibility to access these materials 24 hours a day and June 12 hour, at any time and anywhere.
- No Additional Fee: Spom operates Free of cost for ICAI Final students.
- Modules: The modules are divided into four sets that encompass core subjects and electives.
- Online Assessments: After each module students must pass a test on-line to graduate.
Structure and Duration of SPOM 2024, ICAI
SPOM modules for CA Final students are made up of four distinct sets, each focusing on different subject areas. Here's a breakdown:
- Set A: Corporate and Economic Laws
Duration: 40 hours
Marks: 100
Compulsory for all CA Final candidates
- Set B: Strategic Cost and Performance Management
Duration: 40 hours
Marks: 100
Mandatory for all students.
3. Set C: Elective Modules
Students need to choose one subject from a list of electives. Each elective covers 20 hours of study and carries 100 marks.
Elective options include:
- Risk Management
- Sustainable Development and Sustainability Reporting
- Insolvency and Bankruptcy Code, 2016
- International Taxation
- Financial Services and Capital Markets, among others.
4. Set D: Multidisciplinary Subjects
Candidates choose one subject from Set D, which also involves 20 hours of study and carries 100 marks.
Options include:
- Constitution of India and Art of Advocacy
- Entrepreneurship and Startup Ecosystem
- Psychology and Philosophy
- Digital Ecosystem and Controls
Each module is available online through ICAI’s Learning Management System (LMS), making it easy for students to access the materials from any device.
How do I apply for ICAI SPOM?
The registration process for SPOM is automatic and simple. After students register for their CA Final exam of 2024, their SPOM registration will be done automatically with no action required from them at all. Enrollment or fees are not necessary for the Self-Paced Online Modules. They are included in the standard tuition fee because they will be provided through the institute's student portals when linked up automatically with enrollment applications for 2024 students during mySpeed 2021 (which takes place this month).
To access the modules, students should visit the ICAI Digital Learning Campus Portal at lms.icai.org. They can log in using their Self-Service Portal (SSP) credentials or using OTP sent to their registered mobile number.
The ICAI SPOM Learning Process
The learning system designed by ICAI SPOM has been imbued with the idea of user-friendliness and flexibility, so it is hard to imagine that one could not learn from this program. Here is how students can proceed:
- Study Resources: All SPOM study materials, including textbooks, are available on-line via the ICAI Board of Studies (BoS) Knowledge Portal. ICAI also provides students with a physical copy of the study material.
- Educational Film: ICAI also offers students video lectures by experts in their respective fields of study in order to guide them through the modules and help make difficult concepts easier to understand.
- Learning Hours: Until the designated learning hours for each module have been completed by students, they will not be allowed to take the exam.
- Digital Learning Centre: The School's knowledge and learning resources are available through it on its Digital Learning Centre.
SPOM Passing Criteria of ICAI
To pass a module, students need to pass an online test for each one with a mark higher than 50%. Here's what you need to know in order to pass:
- Pass Marks: It takes a minimum of 50% to get through any module.
- Retakes Allowed: If students don't pass the first time around, they can take the test as many times as necessary.
- No Negative Marks: SPOM exams do not hit their participants for wrong answers so long as that person gets all of the questions correct there is no chance of penalty at all!
Technical requirements for ICAI SPOM
To complete the online SPOM modules, students must have the hardware and software necessary setup.
Hardware:
- Desktop/Laptop with a dual-core processor or better (e.g., Intel i3 or AMD Ryzen 3).
- At least 2GB of RAM.
- Webcam for proctoring.
Software:
- Browsers: Chrome, Firefox, Safari, or Edge.
- Internet Speed: At least 2-5 Mbps for uninterrupted learning and test-taking.
Benefits of ICAI SPOM
SPOM modules have several benefits for students on the CA Final. Let's focus some of them, which are quite relevant:
- Flexibility
SPOM allows flexibility. The student is free to study when he or she wants because of his short commitment to work, school, or family. You are able to log in to the portal at your convenience, making it a flexible learning package.
- Cost-Effective
Since no additional charges are taken, SPOM is cost-effective for the aspirant of CA Final. This way high-quality study materials are made available to the students without any additional cost.
- Keeping Track of Progress
A customized dashboard helps to monitor the student's progress along the modules of SPOM. In real-time tracking of the progress, they may keep pace with their academics and complete the prescribed learning hours within the scheduled time.
- All-rounded Assessment
SPOMs Online tests: SPOM would give an excellent review of your knowledge at the end of each module. So, you would be sure to possess a proper understanding of the subject matter before proceeding into the next phase of your CA Final studies.
Important Instructions for ICAI SPOM Learning
Before attempting your studies of SPOM, here are a few things you need to remind yourself of:
- Shoot within the Frame: While doing online learning ensure that you're staying within the frame of the webcam while taking a shot. That is pretty important for face detection.
- Stable Internet: Ensure you have a stable Internet connection; in other words, the internet should not break off your study sessions.
- Read ICAI FAQs: The website also provides FAQs about their portal. It might help you understand more about the SPOM learning and assessment process.
Conclusion
The ICAI Self-Paced Online Modules (SPOM) are an absolute game-changer for CA Final students. SPOM provides flexibility and convenience with comprehensive learning materials, which ultimately enable the students to enhance their exam preparation and subsequently build their final exams on a very strong footing. Coming at no extra cost and with a fantastic easy-to-use interface, this is of immense value to all CA Final candidates.
So, make the most of these modules. Continue with your schedule of learning and track your scores to excel in your CA Final exams!
FAQs about ICAI SPOM
- What is ICAI SPOM modules?
SPOM modules are self-paced online learning programs for CA Final students, thus allowing them to learn flexibility with and structure.
- How to access SPOM?
One can access SPOM through ICAI's Digital Learning Hub and LMS portal by using the login credentials given by ICAI.
- Does SPOM attract a fee?
No, SPOM is absolutely free for all the CA Final students. It comes under registration for them.
- What is the passing percentage of SPOM?
You need to have at least 50% to pass a module.
- Technical requirements of SPOM
A desktop or a laptop with a webcam, a stable internet connection, and a browser such as Chrome or Firefox.
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