CA Intermediate Course Details

CA Intermediate course details

Overview

The Chartered Accountancy examinations’ second level course is known as the CA Intermediate course or CA Intercourse. There are two groups, each with four subjects. A subject can sign up for the ICAI CA Intermediate course after passing CA Foundation. The intermediate portion of the CA preparation course is where students gain a thorough understanding of the numerous facets of finance and accounting. You will find all the information you need regarding the ICAI CA Intermediate course in this blog. 

On the ICAI’s official website, you may see the CA Intermediate exam schedule for the exams in November 2023. Eight papers in CA Intermediate are divided into two groups based on the paper format. Students will have three hours to finish the paper, and there will be both objective and subjective question types. There are 100 marks on each paper. Thus, 800 marks total are required to pass the CA Intermediate exam. Students must receive passing scores of at least 40% on each paper and 50% overall to pass the exams. Additionally, there are no failing grades for the CA Intermediate exams. The tests are given twice a year, in offline format, in May and November.

ICAI CA Intermediate Exam Pattern 2023

  • There are eight papers in the CA Inter course categorized into 2 groups.
  • The total marks for the CA Intermediate exam are 800 (100 for each paper.)
  • There is no negative marking in the CA Inter exams.
  • The exams are conducted in offline mode and the medium is English and Hindi.

Table of content

Eligibility Criteria for CA Intermediate Course

The students can register for the CA Intermediate course through the following two routes:

  • Through CA Foundation Course: students who have qualified CA Foundation    Examination conducted by the Institute of Chartered Accountants of India (with minimum 50% marks).
  • Through Direct Entry Route: The following students are allowed to directly register for the CA Intermediate course:
    • A Commerce graduate/ Post-Graduate (with minimum 55% marks) or Other Graduate/ Post-Graduate ( with minimum 60% marks)
    • A candidate who has passed the Intermediate level exam conducted by the Institute of Company Secretaries of India or the Institute of Cost Accountants of India.

How to Register for CA Intermediate course

  • Login to the ICAI Self-Service Portal
  • Click on Register for intermediate through CA Foundation / Direct entry route
  • Update your details
  • Pay the required fees using an online payment method

Note:  ICAI will take 7 days to process your application.

After registration for the intermediate course, students are required to undergo a study period of eight months.

Intermediate exams are held twice a year i.e., in May and November.

The students who wish to appear in the May cycle should get themselves registered for the intermediate course before September in the previous year and the students who wish to appear in the November cycle should get themselves registered for the intermediate course before March in the same year.

Students from the CA foundation route can register themselves either for one group or both groups of the intermediate course. However, the students from the direct entry route have to register themselves for both groups at a time.

Students who wish to appear for the exams are required to fill out the exam/ application form released by the ICAI.

The following steps can be followed to fill out the intermediate examination form:

  • Log in to the official website( icaiexam.icai.org)
  • Click on Apply now
  • Fill in the required details and click on Save & Preview
  • Make the required payment of fees online
  • Download the PDF form

CA Intermediate Syllabus & Subjects

CA Intermediate Examination is a pen and paper-based test. CA Intermediate course has a total of 8 Subjects which are categorized into two groups of four subjects each.

The details for the CA Intermediate course New Syllabus are as follows:

GROUP I

Paper 1: Accounting ( Three hours – 100 Marks)

  • Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRS; convergence vs adoption; objective and concepts of carve-outs.
  • Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
  • Application of Accounting Standards
  • Company Accounts
  • Accounting for Special Transactions
  • A special type of Accounting

Paper 2: Corporate and Other Laws (Three hours – 100 Marks)

  • Part I: Company Law (60 Marks)
    • The Companies Act, 2013 – Sections 1 to 148
  • Part II: Other Laws (40 Marks)
    • The Indian Contract Act, 1872
    • The Negotiable Instruments Act,1881
    • The General Clauses Act, 1897
    • Interpretation of Statutes

Paper 3: Cost and Management Accounting (Three hours – 100 Marks)

  • Overview of Cost and Management Accounting
    • Introduction to Cost and Management Accounting
    • Elements of Cost and preparation of cost sheets.
  • Ascertainment of Cost and Cost Accounting System
    • Material Cost
    • Employee Cost
    • Overheads
    • Concepts of Activity-Based Costing (ABC)
    • Recording and Accounting Costs
  • Methods of Costing
    • Single Output/ Unit Costing
    • Job Costing
    • Batch Costing
    • Contract Costing
    • Process/ Operation Costing
    • Costing of Service Sectors
  • Cost Control and Analysis
    • Standard Costing
    • Marginal Costing
    • Budget and Budgetary Control

Paper 4: Taxation (Three hours – 100 Marks)

Section A: Income Tax Law (60 Marks)

  • Basic Concepts
  • Residential Status and Scope of Total Income
  • Incomes that do not form part of total income
  • Heads of income and the provisions governing the computation of income under different heads
  • Income of other persons included in the assessee’s total income
  • Aggregation of income, Set-off or carry forward, and set-off of losses
  • Deductions from gross total income
  • Computation of Total Income and tax liability of individuals
  • Advance tax, tax deduction at source, and introduction to tax collection at source
  • Provisions for filing return of income and self-assessment

Section B: Indirect Taxes (40 Marks)

  • Concept of indirect taxes
  • Goods and Services Tax (GST) Laws

GROUP II

Paper 5: Advanced Accounting (Three hours – 100 Marks)

  • Application of Accounting Standards
  • Special Aspects of Company Accounts
  • Reorganization and liquidation of Companies
  • Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof.
  • Consolidated Financial Statements
  • Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership

Paper 6: Auditing and Assurance (Three hours – 100 Marks)

  • Nature, Objective, and Scope of Audit
  • Audit Strategy, Audit Planning, and Audit Programme
  • Audit Documentation and Audit Evidence
  • Risk Assessment and Internal Control
  • Fraud and Responsibilities of the Auditor in this Regard
  • Audit in an Automated Environment
  • Audit Sampling
  • Analytical Procedures
  • Audit of Items of Financial Statements
  • The Company Audit
  • Audit Report
  • Audit of Banks
  • Audit of Different Types of Entities

Paper 7: Enterprise Information System & Strategic Management ( Three hours – 100 Marks)

Section A: Enterprise Information System (50 Marks)

  • Automated Business Processes
  • Financial and Accounting Systems
  • Information Systems and its Components
  • E-commerce, M-commerce, and Emerging Technologies
  • Core Banking Systems

Section B: Strategic Management (50Marks)

  • Introduction to Strategic Management
  • Dynamics of Competitive Strategy
  • Strategic Management Process
  • Corporate Level Strategies
  • Business Level Strategies
  • Functional Level Strategies
  • Organization and Strategic Leadership
  • Strategy Implementation and Control

Paper 8: Financial Management & Economics for Finance ( Three hours – 100 Marks)

Section A: Financial Management (60 Marks)

  • Financial Management and Financial Analysis
  • Introduction to Financial Management Function
  • Financial Analysis through Ratios
  • Financing Decisions
  • Sources of Finance
  • Cost of Capital
  • Capital Structure Decisions
  • Leverages
  • Capital Investment and Dividend Decisions
  • Capital Investment Decisions
  • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
  • Dividend Decisions
  • Management of Working Capital

Section B: Economics for Finance (40 Marks)

  • Determination of National Income
  • Public Finance
  • The Money Market
  • International Trade

The question papers of the following papers will have two parts: Part 1 comprising of MCQs (30marks) and Part 2 comprising of descriptive type questions (70 marks) :

  • Paper 2: Corporate and Other Laws
  • Paper 4: Taxation
  • Paper 6: Auditing and Assurance
  • Paper 7: Enterprise and Information Systems and strategic management

 course, including accounting, auditing, taxation, financial management, corporate legislation, and

Conclusion:

In conclusion, the intermediate study in Chartered Accountancy (CA) is a crucial step on the road to becoming a licensed chartered accountant. It acts as a link between the CA Final stage and the CA Foundation level. Students acquire in-depth knowledge and practical skills in a variety of topics throughout the CA Intermediate course.

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