The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament i.e. Chartered Accountants Act, 1949 for regulation and development of the profession of Chartered Accountants in the country. ICAI is under the administrative control of the Ministry of Corporate Affairs, Government of India. ICAI is the largest professional body of Chartered Accountants in the world with a strong tradition of serving the Indian economy in public interest.
The study course for chartered accountancy candidates will be named as Intermediate Course which will be divided into two Groups viz. Group I and Group II. Chartered Accountants (CA) programs are in three levels i.e. CA Foundation, CA Intermediate, CA Final. In the CA program, CA Intermediate (CA Inter) is the second level course offered by ICAI. The student who has passed CA Foundation will be eligible for registration to the Intermediate Course.
ICAI has updated the CA Intermediate course according to a new scheme of education and training. The subject-wise details of CA Inter syllabus are as follows:
GROUP I
CA Inter Subject Paper 1: Advanced Accounting
Objective: To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities.
MODULE I
CHAPTER 1: Introduction to Accounting Standards
CHAPTER 2: Framework for Preparation and Presentation of Financial Statements
CHAPTER 3: Applicability of Accounting Standards
CHAPTER 4: Presentation & Disclosure Based Accounting Standards
MODULE II
CHAPTER 5: Assets Based Accounting Standards
CHAPTER 6: Liabilities Based Accounting Standards
CHAPTER 7: Accounting Standards Based on Items Impacting Financial Statement
CHAPTER 8: Revenue Based Accounting Standards
CHAPTER 9: Other Accounting Standards
CHAPTER 10: Accounting Standards for Consolidated Financial Statement
MODULE III
CHAPTER 11: Financial Statements of Companies
CHAPTER 12: Buyback of Securities
CHAPTER 13: Amalgamation of Companies
CHAPTER 14: Accounting for Reconstruction of Companies
CHAPTER 15: Accounting for Branches including Foreign Branches
CA Inter Subject Paper 2: Corporate and Other Laws
Objective: To develop an understanding of the legal provisions and acquire the ability to analyse and apply the laws in practical situations.
MODULE I
Chapter 1: Preliminary
Chapter 2: Incorporation of Company and Matters Incidental Thereto
Chapter 3: Prospectus and Allotment of Securities
Chapter 4: Share Capital and Debentures
Chapter 5: Acceptance of Deposits by Companies
Chapter 6: Registration of Charges
MODULE II
Chapter 7: Management & Administration
Chapter 8: Declaration and Payment of Dividend
Chapter 9: Accounts of Companies
Chapter 10: Audit and Auditors
Chapter 11: Companies Incorporated Outside India
MODULE III
Chapter 12: The Limited Liability Partnership Act, 2008
PART II – OTHER LAWS
Chapter 1: The General Clauses Act, 1897
Chapter 2: Interpretation of Statutes
Chapter 3: The Foreign Exchange Management Act, 1999
CA Inter Subject Paper 3: Taxation
Objective:
To develop an understanding of the provisions of income-tax law
To acquire the ability to apply such provisions to solve problems and address application-oriented issues.
Section A: Income Tax Law
MODULE I
Chapter 1: Basic Concepts
Chapter 2: Residence and Scope of total income
Chapter 3: Head of Income
Unit 1: Salaries
Unit 2: Income from House Property
Unit 3: Profits and Gains of Business or Profession
Unit 4: Capital Gains
Unit 5: Income from Other Sources
MODULE II
Chapter 4: Income of Other Persons included in Assessee’s Total Income
Chapter 5: Aggregation of Income, Set-Off and Carry Forward of Losses
Chapter 6: Deductions from Gross Total Income
Chapter 7: Advance Tax, Tax Deduction at Source and Tax Collection at Source
Chapter 8: Provisions for filing Return of Income and Self Assessment
Chapter 9: Income Tax Liability – Computation and Optimisation
Section B: Goods and Services Tax
MODULE I
Chapter 1: GST in India – An Introduction
Chapter 2: Supply under GST
Chapter 3: Charge of GST
Chapter 4: Place of Supply
Chapter 5: Exemptions from GST
Chapter 6: Time of Supply
Chapter 7: Value of Supply
MODULE III
Chapter 8: Input Tax Credit
Chapter 9: Registration
Chapter 10: Tax Invoice; Credit and Debit Notes
Chapter 11: Accounts and Records
Chapter 12: E-Way Bill
Chapter 13: Payment of Tax
Chapter 14: Tax Deduction at Source and Collection of Tax at Source
Chapter 15: Returns
GROUP II
CA Inter Subject Paper-4: Cost and Management Accounting
Objective:
To develop an understanding of the basic concepts and applications to establish the cost associated with the production of products and provision of services and apply the same to determine prices.
To develop an understanding of cost accounting statements.
To acquire the ability to apply information for cost ascertainment, planning, control and decision making.
To apply costing methods to determine the costs for different purposes.
To apply appropriate techniques to support short term decisions.
MODULE I
Chapter 1: Introduction to Cost and Management Accounting
To develop an understanding of the concepts in auditing and of the generally accepted auditing procedures, techniques and skills and acquire the ability to apply the same in audit and attestation engagements.
To understand and apply the concept of ethics while performing audits.
MODULE I
Chapter 1: Nature, Objective and Scope of Audit
Chapter 2: Audit Strategy, Audit Planning and Audit Programme
Chapter 3: Risk Assessment and Internal Control
Chapter 4: Audit Evidence
Chapter 5: Audit of Items of Financial Statements
MODULE II
Chapter 6: Audit Documentation
Chapter 7: Completion and Review
Chapter 8: Audit Report
Chapter 9: Special Features of Audit of Different Type of Entities
Chapter 10: Audit of Banks
Chapter 11: Ethics and Terms of Audit Engagements
CA Inter Subject Paper-6: Financial Management and Strategic Management
Objective:
To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.
To understand various finance functions like financing decision, investment decision, dividend decision.
To develop an understanding of working capital management and its components.
To develop an understanding of strategic management concepts and techniques and acquire the ability to apply the same in business situations.
Section A: Financial Management
MODULE I
Chapter 1: Scope and Objectives of Financial Management
Chapter 2: Types of Financing
Chapter 3: Financial Analysis and Planning – Ratio Analysis
Chapter 4: Cost of Capital
Chapter 5: Financing Decisions – Capital Structure
Chapter 6: Financing Decisions – Leverages
MODULE II
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: Management of Working Capital
Unit I: Introduction to Working Capital Management
Unit II: Treasury and Cash Management
Unit III: Management of Inventory
Unit IV: Management of Receivables
Unit V: Management of Payables (Creditors)
Unit VI: Financing of Working Capital
CA Inter Exam Pattern
The Council of the Institute of Chartered Accountants of India has announced the dates of The Chartered Accountants Intermediate Examinations which will be held in September 2024. Following are the details of the exam pattern:
The Institute of Chartered Accountants of India (ICAI) conducts the CA Intermediate Exam.
When is the CA Inter Exam going to be held?
The Chartered Accountants Intermediate Examinations will be held in September, 2024.
How many subjects/papers are there in the CA Intermediate course?
The CA Intermediate Course is divided into two groups, viz., Group I and Group II, with 3 papers in each group, i.e., a total of 6 papers.
What are the total marks for papers in the CA Intermediate course?
The total marks for CA Inter papers are 600, with 100 marks for 6 papers.
What subjects are included in the CA Intermediate course?
The CA Inter Subjects are Advanced Accounting List, Corporate and Other Laws List, Taxation List, Cost & Management Accounting List, Auditing and Ethics List, Financial Management and Strategic Management List.
