Introduction
The Institute of Chartered Accountants of India (ICAI) introduced a major academic innovation in 2023 under its New Scheme of Education and Training – the Self-Paced Online Modules (SPOM). These modules have transformed the CA Final learning experience by offering students flexibility, specialization, and online assessments. In this detailed blog, we explain the SPOM exam, how it’s structured, subject choices in Set A, B, C & D, and everything you need to know for smooth compliance and exam success.
What is the SPOM Exam?
SPOM stands for Self-Paced Online Modules, a mandatory part of the CA Final curriculum under ICAI’s new scheme effective July 1, 2023. The modules are designed to:
- Promote independent, flexible learning.
- Offer subject specialization.
- Replace certain classroom-based learning with digital content.
Before appearing for CA Final exams, students must complete the designated SPOM hours and qualify the related assessments.
Structure of SPOM
The SPOM program is divided into four sets (A, B, C, and D). Sets A and B are mandatory, while Sets C and D offer a choice of subjects.
| Set | Type | Subjects | Hours Required | Remarks |
|---|---|---|---|---|
| Set A | Mandatory | Corporate and Economic Laws | 40 Hours | Must be completed |
| Set B | Mandatory | Strategic Cost & Performance Management | 40 Hours | Must be completed |
| Set C | Elective (Choose 1) | 10 Subject Options (see below) | 20 Hours | Specialization subject |
| Set D | Multidisciplinary (Choose 1) | 4 Subject Options (see below) | 20 Hours | Broader knowledge perspective |
Subject Choices in Each Set
Set A – Corporate and Economic Laws (Mandatory)
- Covers corporate law regulations, SEBI norms, economic offenses, and key case studies.
Set B – Strategic Cost & Performance Management (Mandatory)
- Focuses on cost control strategies, performance evaluation, and advanced decision-making tools.
Set C – Electives (Choose Any One)
| Elective Subjects (Set C) |
|---|
| Risk Management |
| Sustainable Development and Sustainability Reporting |
| Public Finance and Government Accounting |
| Insolvency and Bankruptcy Code, 2016 |
| International Taxation |
| Arbitration and Conciliation Act, 1996 |
| Forensic Accounting |
| Valuation |
| Financial Services and Capital Markets |
| Forex and Treasury Management |
Set D – Multidisciplinary Subjects (Choose Any One)
| Multidisciplinary Subjects (Set D) |
|---|
| Constitution of India & Art of Advocacy |
| Psychology & Philosophy |
| Entrepreneurship & Start-up Ecosystem |
| Digital Ecosystem and Controls |
Learning & Examination Process
| Component | Details |
|---|---|
| Learning Portal | ICAI Digital Learning Campus |
| Learning Mode | 100% Online |
| Minimum Passing Marks | 50% in each module |
| Exam Mode | Computer-Based (Online) |
| Registration Portal | spmt.icai.org |
| Frequency | Daily testing slots available |
Fee Structure
| Region | Fee (INR/USD) |
|---|---|
| India | ₹500 |
| Nepal/Bhutan | ₹850 |
| Middle East (UAE, etc.) | USD 150 |
Exemptions & Transitional Rules
| Student Category | Modules Required |
|---|---|
| Appeared in Nov 2023 but didn’t clear either group | Set A and Set B |
| Passed one group under the old scheme | Based on the group cleared |
| Registered under May 2024 attempt | Set A and Set B only |
| Registered for the Nov 2024 attempt onwards | All four sets (A, B, C, D) |
FAQs
Q1. Is SPOM exam compulsory?
Yes, for all students registering under the new scheme.
Q2. Can I change my electives later?
No, choices made at registration are final.
Q3. Is SPOM applicable for old course students?
Yes, depending on their transition status and exam history.
Q4. Where can I attempt the SPOM test?
Online from home or any secure digital location.
Conclusion
The SPOM initiative by ICAI marks a progressive step towards modernizing the CA Final curriculum. By understanding the module structure, subject choices, and requirements, students can make informed decisions that align with their career aspirations. Begin early, plan your electives wisely, and complete your SPOMs on time to ensure smooth eligibility for your CA Final exams.
For updates, always refer to ICAI’s official portals.
