ICAI CA Inter-New Syllabus 2024

CA Intermediate course syllabus 2024: The entire CA Intermediate course syllabus, which will be used for the May 2024 examinations, has been altered and revised by the Institute of Chartered Accountants of India (ICAI).

The updated CA Intermediate Level curriculum will take effect with the May 2024 test term and beyond, that is, May 2024, November 2024, and so on. If you enroll in the CA Intermediate course on or before the final registration date following your passing the entry level or CA Foundation, you will be qualified to appear in CA Inter May 2024.

The recently updated CA Intermediate syllabus is now available on ICAI’s official website, icai.org, under the Board of Studies knowledge portal. You may also get study guides that are relevant to exams starting in May 2024.

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1. CA Intermediate New Syllabus Applicable for May 2024 Exams

1.1. CA Inter New Syllabus 2024 Group I Papers:

Group-1 contains syllabus of three papers like Accounts, Law and Tax.

  • Paper-1 Advanced Accounting (100 Marks)
  • Paper-2 Corporate and Other Laws (100 Marks)
    Part-I: Company Law and LLP Law (70 Marks)
    Part-II: Other Laws (30 Marks)
  • Paper-3 Taxation (100 Marks)
    Section-3 A: Income-tax Law (50 Marks)
    Section-3 B: Indirect Taxes (50 Marks)

1.2. CA Inter New Syllabus 2024 Group II Papers:

Group-2 covers the syllabus of remaining three subjects like Cost, Audit and FM & SM.

  • Paper-4 Cost and Management Accounting (100 Marks)
  • Paper-5 Auditing and Ethics (100 Marks)
  • Paper-6: Financial Management and Strategic Management (100 Marks)

Section-6 A: Financial Management (50 Marks)

Section-6 B: Strategic Management (50 Marks)

2. Advanced Accounting – Syllabus for May 2024

The goal is to develop the capability to apply specific accounting standards and regulations to diverse transactions and events, as well as to prepare and present financial statements for various business entities.

MODULE 1

1st Chapter: Introduction to Accounting Standards

2nd Chapter: Framework for the Preparation and Presentation of Financial Statements

3rd Chapter: Application of Accounting Standards

4th Chapter: Accounting Standards-Based Presentation and Disclosures

  • Unit 1: Accounting Standard 1 (AS-1) – Disclosure of Accounting Policies
  • Unit 2: Accounting Standard 3 (AS-3) – Cash Flow Statement
  • Unit 3: Accounting Standard 17 (AS-17) – Segment Reporting
  • Unit 4: Accounting Standard 18 (AS-18) – Related Party Disclosures
  • Unit 5: Accounting Standard 20 (AS-20) – Earnings Per Share
  • Unit 6: Accounting Standard 24 (AS-24) – Discontinuing Operations
  • Unit 7: Accounting Standard 25 (AS-25) – Interim Financial Reporting

MODULE 2

5th Chapter: Assets Based Accounting Standards

  • Unit 1: Accounting Standard 2 (AS-2) Valuation of Inventory
  • Unit 2: Accounting Standard 10 (AS-10) Property, Plant and Equipment
  • Unit 3: Accounting Standard 13 (AS-13) Accounting for Investments
  • Unit 4: Accounting Standard 16 (AS-16) Borrowing Costs
  • Unit 5: Accounting Standard 19 (AS-19) Leases
  • Unit 6: Accounting Standard 26 (AS-26) Intangible Assets
  • Unit 7: Accounting Standard 28 (AS-28) Impairment of Assets

6th Chapter: Liabilities Based Accounting Standards

  • Unit 1: Accounting Standard 15 (AS-15) Employee Benefits
  • Unit 2: Accounting Standard 29 (AS-29) (Revised) Provisions, Contingent Liabilities and Contingent Assets

7th Chapter: Accounting Standards Based on Items Impacting Financial Statement

  • Unit 1: Accounting Standard 4 (AS-4) Contingencies and Events occurring after the Balance Sheet Date
  • Unit 2: Accounting Standard 5 (AS-5) Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
  • Unit 3: Accounting Standard 11 (AS-11) The Effects of Changes in Foreign Exchange Rates
  • Unit 4: Accounting Standard 22 (AS-22) Accounting for Taxes on Income

8th Chapter: Revenue Based Accounting Standards

  • Unit 1: Accounting Standard 7 (AS-7) Construction Contracts
  • Unit 2: Accounting Standard 9 (AS-9) Revenue Recognition

9th Chapter: Other Accounting Standards

  • Unit 1: Accounting Standard 12 (AS-12) Accounting for Government Grants
  • Unit 2: Accounting Standard 14 (AS-14) Accounting for Amalgamations

10th Chapter: Accounting Standards for Consolidated Financial Statement

  • Unit 1: Accounting Standard 21 (AS-21) Consolidated Financial Statements
  • Unit 2: Accounting Standard 23 (AS-23) Accounting for Investments in Associates in Consolidated Financial Statements
  • Unit 3: Accounting Standard 27 (AS-27) Financial Reporting of Interests in Joint Ventures

MODULE 3

11th Chapter: Financial Statements of Companies

  • Unit 1: Preparation of Financial Statements
  • Unit 2: Cash Flow Statement Annexure

12th Chapter: Buyback of Securities 

13th Chapter: Amalgamation of Companies

14th Chapter: Accounting for Reconstruction of Companies

15th Chapter: Accounting for Branches including Foreign Branches

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3. Corporate and Other Laws – Syllabus for May 2024

3.1. PART I – COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW 

To gain an understanding of the legal provisions and the ability to analyze and apply the laws in practical situations.

MODULE 1

1st Chapter: Preliminary

2nd Chapter: Incorporation of Company and Matters Incidental Thereto

3rd Chapter: Prospectus and Allotment of Securities

4th Chapter: Share Capital and Debentures

5th Chapter: Acceptance of Deposits by Companies

6th Chapter: Registration of Charges

MODULE 2

7th Chapter: Management & Administration

8th Chapter: Declaration and Payment of Dividend

9th Chapter: Accounts of Companies

10th Chapter: Audit and Auditors Chapter 11: Companies Incorporated Outside India

MODULE 3

12th Chapter: The Limited Liability Partnership Act, 2008

3.2. PART II – OTHER LAWS

1st Chapter: The General Clauses Act, 1897

2nd Chapter: Interpretation of Statutes

3rd Chapter: The Foreign Exchange Management Act, 1999

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4. Taxation – Syllabus for May 2024

  • To gain insight into the regulations of income-tax law.
  • To develop the proficiency to utilize these regulations in resolving problems and dealing with application-oriented issues.

4.1. Section A: Income-tax Law

MODULE 1

SECTION I Overview, Scenario, Crossword Puzzle

1st Chapter: Basic Concepts

2nd Chapter: Residence and Scope of Total Income

SECTION II Overview, Scenario, Crossword Puzzle

3rd Chapter: Heads 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

SECTION III Overview, Scenario, Crossword Puzzle

4th Chapter: Income of Other Persons included in Assessee’s Total Income

5th Chapter: Aggregation of Income, Set-Off and Carry Forward of Losses

6th Chapter: Deductions from Gross Total Income

SECTION IV Overview, Scenario, Crossword Puzzle

7th Chapter: Advance Tax, Tax Deduction at Source and Tax Collection at Source

8th Chapter: Provisions for filing Return of Income and Self Assessment

SECTION V Overview, Scenario, Crossword Puzzle

 9th Chapter: Income Tax Liability – Computation and Optimisation

4.2 Section B: Goods and Services Tax

MODULE 1

1st Chapter: GST in India – An Introduction

2nd Chapter: Supply under GST

3rd Chapter: Charge of GST

4th Chapter: Place of Supply

5th Chapter: Exemptions from GST

6th Chapter: Time of Supply

7th Chapter: Value of Supply

MODULE 2

8th Chapter: Input Tax Credit

9th Chapter: Registration

10th Chapter: Tax Invoice; Credit and Debit Notes

11th Chapter: Accounts and Records

12th Chapter: E-Way Bill

13th Chapter: Payment of Tax

14th Chapter: Tax Deduction at Source and Collection of Tax at Source

15th Chapter: Returns

5. Cost and Management Accounting – Syllabus for May 2024

  • Gain comprehension of fundamental principles and applications to assess the expenses associated with manufacturing goods and delivering services, utilizing this knowledge to establish pricing strategies.
  • Attain familiarity with statements in cost accounting.
  • Develop the skills to employ information for cost identification, planning, control, and decision-making.
  • Utilize costing methods to ascertain expenses for various objectives.
  • Apply suitable techniques to aid in making short-term decision

MODULE 1

1st Chapter: Introduction to Cost and Management Accounting

2nd Chapter: Material Cost

3rd Chapter: Employee Cost and Direct Expenses

4th Chapter: Overheads – Absorption Costing Method

5th Chapter: Activity Based Costing

6th Chapter: Cost Sheet

7th Chapter: Cost Accounting Systems

MODULE 2

8th Chapter: Unit & Batch Costing

9th Chapter: Job Costing

10th Chapter: Process & Operation Costing

11th Chapter: Joint Products and By Products

12th Chapter: Service Costing

13th Chapter: Standard Costing

14th Chapter: Marginal Costing

15th Chapter: Budgets and Budgetary Control

6. Auditing and Ethics – Syllabus for May 2024

  • Gain comprehension of auditing concepts, as well as the widely accepted procedures, techniques, and skills in auditing. Develop the capability to apply this knowledge in various audit and attestation tasks.
  • Grasp and implement ethical principles in the execution of auditing activities.

MODULE 1

1st Chapter: Nature, Objective and Scope of Audit

2nd Chapter: Audit Strategy, Audit Planning and Audit Programme

3rd Chapter: Risk Assessment and Internal Control

4th Chapter: Audit Evidence

5th Chapter: Audit of Items of Financial Statements

MODULE 2

6th Chapter: Audit Documentation

7th Chapter: Completion and Review

8th Chapter: Audit Report

9th Chapter: Special Features of Audit of Different Type of Entities

10th Chapter: Audit of Banks

11th Chapter: Ethics and Terms of Audit Engagements

7. Financial Management and Strategic Management – Syllabus for May 2024

  • The goal is to gain insight into different facets of Financial Management and cultivate the capability to employ this knowledge in the process of making decisions.
  • To comprehend diverse financial functions such as decisions related to financing, investments, and dividends.
  • To acquire an understanding of working capital management and its integral components.

7.1. Section A: Financial Management

MODULE 1

1st Chapter: Scope and Objectives of Financial Management

2nd Chapter: Types of Financing

3rd Chapter: Financial Analysis and Planning – Ratio Analysis

4th Chapter: Cost of Capital

5th Chapter: Financing Decisions – Capital Structure

6th Chapter: Financing Decisions – Leverages

MODULE 2

7th Chapter: Investment Decisions

8th Chapter: Dividend Decision

9th Chapter: 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

7.2. Section B: Strategic Management

1st Chapter: Introduction to Strategic Management

2nd Chapter: Strategic Analysis: External Environment

3rd Chapter: Strategic Analysis: Internal Environment

4th Chapter: Strategic Choices

5th Chapter: Strategy Implementation and Evaluation

To Know More Visit Here: CA Inter-New Syllabus 2024

How to Download CA Inter New Study Material from ICAI Website?

To download CA Inter New Study Material from the ICAI (Institute of Chartered Accountants of India) website, follow these steps:

  1. Visit the ICAI Official Website: Go to the official website of the Institute of Chartered Accountants of India at https://www.icai.org/.
  2. Navigate to the “Students” Section: Look for the “Students” section on the website. This is usually found in the main menu or on the homepage.
  3. Select “BoS Knowledge Portal”: Under the “Students” section, you may find an option like “Board of Studies (BoS) Knowledge Portal” or a similar name. Click on it.
  4. Login to Your Account: If you already have an account, log in using your credentials. If not, you may need to register for an account on the portal.
  5. Select the Course: Once logged in, navigate to the CA Inter section. Look for options related to study materials or syllabus.
  6. Choose the Relevant Subject or Paper: Select the subject or paper for which you want to download the study material.
  7. Download the Study Material: The study material for the selected subject or paper should be available for download. Click on the relevant links to download the study material in PDF format.
  8. Save the Material: After clicking on the download link, save the PDF file to your computer or device.
  9. Verify the Information: Ensure that you have downloaded the latest and relevant study material for the current year.
  10. Additional Information: Check for any additional updates, announcements, or notifications related to the study material on the website.

FAQ’s

Q1: Which is the toughest chapter in CA Inter?

Advanced Accounting challenges most due to its complex concepts and intricate calculations.

Q2: Which is the easiest level in CA?

Foundation level is considered the easiest, focusing on fundamental principles and basic accounting skills.

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