CA Inter Group 2 Subjects- Commerce Buddies

Many many Congratulations to all who have passed the CA foundation successfully and entering your new journey, CA Inter. After the CA Foundation paper, all of you are going to enter CA Inter. In this article, we present the updated syllabus of CA Inter Group 2 Subjects based on the ICAI new pattern.

Subjects in CA Inter Group 2

CA Intermediate Group 2 consists of 3 Papers. Each of these papers carries a weight of 100 marks.

  1. Cost and Management Accounting
  2. Auditing and Code of Ethics
  3. Financial Management and Strategic Management
  • Section A: Financial Management
  • Section B: Strategic Management

Also Read: CA Inter Group 1 Subjects- Commerce Buddies

Paper 4: Cost and Management Accounting

Cost accounting involves the systematic recording, analysis, and interpretation of costs to assist management in decision making, cost control, and performance evaluation. Covers various methods of costing, budgeting, and variance analysis.

Management accounting goes beyond cost accounting to include broader financial and non-financial information. It focuses on providing management with relevant data for strategic planning, decision making, and performance measurement.

No. Of Modules                             Total Chapters
Module 1 Chapter 1: Introduction to Cost and Management Accounting
Chapter 2: Material Cost
Chapter 3: Employee Cost and Direct Expenses
Chapter 4: Overheads – Absorption Costing Method
Chapter 5: Activity Based Costing
Chapter 6: Cost Sheet
Chapter 7: Cost Accounting Systems
Module 2 Chapter 8: Unit & Batch Costing
Chapter 9: Job Costing
Chapter 10: Process & Operation Costing
Chapter 11: Joint Products and By Products
Chapter 12: Service Costing
Chapter 13: Standard Costing
Chapter 14: Marginal Costing
Chapter 15: Budgets and Budgetary Control

Paper 4: Auditing and Code of Ethics

Knowledge gained in subjects such as accounting, corporate and other laws helps in understanding auditing. This is a very important subject, the knowledge of which helps students become better professionals. The Code of Ethics is, in fact, a comprehensive statement of the values ​​and principles that should guide the daily work of auditors.

No. Of Modules                             Total Chapters
Module 1 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 2 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

 

Paper 6: Financial Management and Strategic Management

Section A: Financial Management

Financial management is the monitoring, control, protection and reporting of a company’s financial resources. Companies have accountants or finance teams who are responsible for managing their finances, including all banking transactions, loans, debts, investments and other sources of funding.

No. Of Modules                           Total Chapters
Module 1 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 2 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

 

Section B: Strategic Management

Strategic Management is a subject that focuses on the strategic aspects of managing and leading an organization. This subject is designed to provide students with an understanding of the formulation and implementation of business strategies.

No. Of Modules                               Total Chapters
Module 1 Chapter 1: Introduction to Strategic Management
Chapter 2: Strategic Analysis: External Environment
Chapter 3: Strategic Analysis: Internal Environment
Chapter 4: Strategic Choices
Chapter 5: Strategy Implementation and Evaluation

 

Frequently Asked Questions

Q1: Is Group 2 of CA Intermediate easy to pass?

Ans: The subject is not so simple and is also not particularly effective. But you should read each topic as it is the main role of a chartered accountant, and everyone should do an audit in their office during practical training once they pass the CA Intermediate level.

Q2: Can we enter in CA Inter Group 2 without passing Group 1?

Ans: Yes. You can appear in both the groups or in either group of the CA Intermediate Examination. Accordingly, you can clear Group 2, but may not appear or clear Group 1, which is quite normal.

Q3:  Can we give both groups or CA Intermediate together?

Ans: ICAI allows candidates to apply for both groups of the Intermediate CA exam together, but the exam can be taken for each group in separate attempts.

Q4: What is the most difficult subject in CA Intermediate Group 2?

Ans: Auditing is recognized as the most difficult subject in CA Inter. This subject is the most competitive as a person cannot study this subject on his own. Subjects such as accounting and corporate law, as well as other laws, help in gaining knowledge on the subject of auditing.

Q5: Can I give Group 2 before Group 1?

Ans: Yes you can write either of the group and start your articleship on passing either Group1 or Group2.

Read Related Blog

Best Coaching for CA Intermediate in India

CA Inter Coaching Classes in Lucknow

Leave a Comment