Get updated CA Inter Syllabus Changes & CA IPCC Old Scheme Vs New Scheme details. This is the article about CA Intermediate Syllabus New | Changes in CA IPCC Course. Check CA Foundation Old Scheme Vs New Scheme Syllabus 2016 Changes. 

The Institute of Chartered Accountants of India already announced changes in CA Inter syllabus. CA IPCC Old Scheme vs CA Intermediate Syllabus Changes, subject wise chapters & topics in detailed list format. Get Subject-wise applicable New Changes & Syllabus for CA Intermediate New Scheme. See CA Intermediate / Inter / IPCC Subject-wise Syllabus Analysis below. The New CA Inter New Scheme Syllabus is applicable from May 2017.

CA IPCC Old Scheme Vs CA Inter Syllabus

Old Scheme New Scheme
CA IPCC CA Intermediate
700 Marks and 7 papers 800 Marks and 8 papers
Group 1
Accounting (100 Marks) Accounting (100 Marks)
Business Laws, Company Law

(30 + 30 Marks),

Ethics and Communication (20 + 20 Marks)

Corporate (60 Marks)

and

Other Laws (40 Marks)

Cost Accounting (50 Marks)

Financial Management (50 Marks)

Cost Accounting (100 Marks)
Taxation (DT 50 Marks | IDT 50 Marks) Direct Tax Laws (60 Marks) and

Indirect Tax Laws (40 Marks)

Group 2
Advanced Accounting (100 Marks) Advanced Accounting (100 Marks)
Auditing and Assurance (100 Marks) Auditing and Assurance (100 Marks)
  Financial Management (60 Marks

Business Economic Environment (40 Marks)

Information Technology (50 Marks)

Strategic Management (50 Marks)

Information Technology (60 Marks)

Strategic Management (40 Marks)

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Changes in CA Intermediate Subjects under CA Inter Syllabus

CA Inter New Scheme Syllabus – Paper 1 : Accounting

Following few topics have been added

  1. Process of formulation of Accounting Standards including Ind ASs and their convergence with International Financial Reporting Standards (IFRSs) and various other International accounting standard setting bodies.
  2. AS 4 : Contingencies and Events occurring after the Balance Sheet Date
  3. AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in  Accounting Policies
  4. AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)
  5. AS 12 :  Accounting for Government Grants
  6. AS 16 : Borrowing Costs
  7. Cash flow analysis
  8. Branch accounts including foreign branches.
  9. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion into a company and Sale to a company; Issues related to accounting in Limited Liability Partnerships.

There are few deletions also

  1. As 14
  2. Simple problems of business acquistion
  3. Average due date, account current, self balancing ledgers
  4. Accounting from incomplete records
  5. Hire Purchase
  6. Accounting in computerised environment

New CA Inter Syllabus – Paper 2 (Part I) : Corporate Laws

No change

New CA Inter Syllabus – Paper 2 (Part II) : Other Laws

Following few topics have been added

  1. Interpretation of statutes and Drafting of simple deeds and documents: Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation/construction of Deeds and Documents, Drafting of simple deeds, Resolution, Minutes, Notices and Reports.
  2. The Prevention of Money Laundering Act, 2002- Basic structure: Preliminary and Punishment for the Offence of Money laundering
  3. The Consumer Protection Act, 1986: Definitions and Application of the Act, Consumer disputes redressal agencies and Miscellaneous provisions.
  4. Tabular Format of major Labour Acts covering their name, preamble and basic comments

New CA Inter Syllabus – Paper 3 : Cost Accounting

(Proposed Name : Cost and Management Accounting)

Following few topics have been added

  1. Concepts of Activity Based Costing (ABC).
  2. Determination of Cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in-progress,
  3. Short term decision making using the above concepts (basic level).

New CA Inter Syllabus – Paper 4 : Direct Tax Laws and Indirect Tax Laws

There are specific exclusions (Only illustrative)

  1. Section 9A
  2. “Specified deductions in respect of income”, only deductions under section 80JJAA,80QQB, 80RRB and 80TTA are included in the syllabus.  All other deductions in respect of income are excluded from the syllabus of new Intermediate course. E.g. Tax Holiday deductions 80IA etc
  3. Section 44B, 44BB, 44BBA, 44BBB, 44C, 44D and 44DA relating to non-residents/foreign companies are excluded from the syllabus of new Intermediate course.
  4. Rules related to classification of excisable goods and valuation are excluded of both Excise Act and Customs Act.
  5. Declared service [Section 66E], Determination of place of provision of service [Section 66C and Place of Provision of Services Rules, 2012], Bundled Services [Section 66F] and related provisions covered in any of the topics mentioned in the syllabus are excluded from the syllabus of new Intermediate course.
  6. Cenvat Credit Rules has been deleted.

CA Inter New Scheme Syllabus – Paper 5 : Advanced Accounting

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Following topics have been added

  1. AS 14 : Accounting for Amalgamations
  2. AS 15 : Employee Benefits
  3. AS 17:  Segment Reporting
  4. AS 18 : Related Party Disclosures
  5. AS 21 : Consolidated Financial Statements
  6. AS 22 : Accounting for Taxes on Income
  7. AS 23 : Accounting for Investments in Associates in Consolidated Financial Statements
  8. AS 24 : Discontinuing Operations
  9. AS 25 : Interim Financial Reporting
  10. AS 27 : Financial Reporting of Interest in Joint Ventures
  11. AS 28 : Impairment of Assets
  12. Financial Reporting of Non-Banking Financial Companies and legal and regulatory requirements thereof.
  13. Accounting for Hire Purchase Transactions
  14. Valuation of goodwill
  15. Application of Guidance Notes issued by the ICAI on various accounting aspects. (List attached for reference)

Following topics shifted to Group 1

  1. AS 4 : Contingencies and Events occurring after the Balance Sheet Date
  2. AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in  Accounting Policies
  3. AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)
  4. AS 12 :  Accounting for Government Grants
  5. AS 16 : Borrowing Costs

New CA Inter Syllabus – Paper 6  : Auditing and Assurance

Following few topics have been added

  • Audit of Banks and Insurance Companies
  • Audit Strategy, Planning and Programming
  • Audit Strategy; Audit planning; Audit programme; Control of quality of audit work Delegation and supervision of audit work; Materiality and Audit Plan; Revision of Materiality; Documenting the Materiality; Performance Materiality; Concept of Principal Auditor and Other Auditor; Acceptance as Principal Auditor; Procedures to be performed by Principal Auditor; Co-ordination between the Principal Auditor and Other Auditor; Relationship between the Internal Audit Function and the External Auditor; Using the work of the Internal Auditor; Documenting the work of Internal Auditor; Auditor’s Expert Meaning; Need for an Auditor’s Expert; Understanding the Auditor’s Expert; Agreement with the Auditor’s Expert; Adequacy of the Auditor’s Expert’s Work.
  • Audit of various items forming part of financial statements in case of banks and insurance companies.

New CA Inter Syllabus – Paper 7 (Part I) : Financial Management

Following few topics have been added

  1. Dividend decisions

Deletion

  1. Fund flow
  1. Cash flow analysis

New CA Inter Syllabus – Paper 7 (Part II) : Business Economic Environment

It is new paper

  1. Business and Its Economic Environment
  • Introduction
  • Elements of Business Economic Environment
      • Economic Systems
      • Economic Conditions
      • Economic Policies
  1. Economic Environment in India
  • Economic Planning and Economic Reforms in India
      • Objectives of Planning in India
      • Five-Year Plans
      • Economic Reforms
  • Various Sectors in India- Agriculture, Industry, Service and Infrastructure
      • Agriculture
      • Industry
      • Industrial Growth and Diversification • Industrial Policy in India Industrial Policy Resolution 1948

Industrial Policy Resolution 1956

Industrial Policy Resolution 1991

        • Industrial Licensing Policy
        • Micro Small and Medium Enterprises Policy
        • National Manufacturing Policy
      • Service
      • Infrastructure
  • Economic Condition in India
    • Economic Growth – National Income and Per Capita Income
    • Poverty in India
    • Unemployment in India
    • Inflation
    • Balance of Payments
    • Financial Environment – Structure of Indian Financial System
  1. Monetary Policy in India
    • Concept and Meaning of Monetary Policy
    • Objectives of the Monetary Policy
    • Impact of Monetary Policy on Business
    • Monetary Policy in India
  2. Fiscal Policy in India
    • Concept and Meaning of Fiscal Policy
    • Objectives of the Fiscal Policy
    • Impact of Fiscal Policy on Business
    • Fiscal Policy in India
  3. Global Economic Environment of Business
  4. Globalization
  5. Trends in Global Economy

Role of World Trade Organization

Foreign Trade Policy of India

New CA Inter Syllabus – Paper 8 (Part I) : Information Technology

Following few topics have been added

Chapter 3: INFORMATION SYSTEMS’S DOMAIN

  • Applying Information Systems to business, Organization and Systems, Domain of Business Information Systems, Information Systems and their role in businesses; IT and Internet as a business enabler & driver;
  • Classification of Information Systems, Concepts of Business Intelligence, Specialized Business Information Systems
  • Business Reporting and fundamentals of XBRL (eXtensible Business Reporting Language).

Deletion

Flow Chart

New CA Inter Syllabus – Paper 8 (Part II) : Strategic Management

Following few topics have been added

  • Strategic Management in Government and Not-for-profit organization.

CA Intermediate Subject Wise Syllabus

PAPER 1 – 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.

Contents:

  1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs.
  1. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
  2. Applications of Accounting Standards
  3. Company Accounts
  4. Accounting for Special Transactions:
  5. Special Type of Accounting
  6. Dissolution of partnership firms including piecemeal distribution of assets;

An 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 – 2: CORPORATE AND OTHER LAWS

PART I – COMPANY LAW (60 MARKS)

Objective:

To develop an understanding of the provisions of company law and acquire the ability to address application-oriented issues.

Contents:

The Companies Act, 2013 – Sections 1 to 148

  1. Preliminary
  2. Incorporation of Company and Matters Incidental thereto
  3. Prospectus and Allotment of Securities
  4. Share Capital and Debentures
  5. Acceptance of Deposits by companies
  6. Registration of Charges
  7. Management and Administration
  8. Declaration and Payment of Dividend
  9. Accounts of Companies
  10. Audit and Auditors

PART II- OTHER LAWS (40 MARKS)

Objectives:

(a) To develop an understanding of the provisions of select legislations and acquire the ability to address application-oriented issues.
(b) To develop an understanding of the rules for interpretation of statutes

  1. The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards): Contract of Indemnity and Guarantee, Bailment, Pledge, Agency
  1. The Negotiable Instruments Act, 1881: Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Negotiability, Assignability, Right and Obligation of parties, presentment of Instruments, Rules of Compensation
  1. The General Clauses Act, 1897: Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous
  1. Interpretation of statutes: Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation/construction of Deeds and Documents

 

PAPER – 3: COST AND MANAGEMENT ACCOUNTING

Objectives:

(a) 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.
(b) To develop an understanding of cost accounting statements.
(c) To acquire the ability to apply information for cost ascertainment, planning, control and decision making.

Contents:

  1. Overview of Cost and Management Accounting
  2. Ascertainment of Cost and Cost Accounting System
  3. Methods of Costing
  4. Cost Control and Analysis

 

PAPER – 4 : TAXATION

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Objective:

To develop an understanding of the provisions of income-tax law and goods and services tax law and to acquire the ability to apply such knowledge to make computations and address application oriented issues.

SECTION A: INCOME TAX LAW (60 MARKS)

Contents:

  1. Basic Concepts
  2. Residential status and scope of total income
  3. Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
  1. Heads of income and the provisions governing the computation of income under different heads
  1. Income of other persons included in assessee’s total income
  2. Aggregation of income; Set-off, or carry forward and set-off of losses
  3. Deductions from gross total income
  4. Computation of total income and tax liability of individuals
  5. Advance tax, tax deduction at source and introduction to tax collection at source
  6. Provisions for filing return of income and self-assessment

 

SECTION B – INDIRECT TAXES (40 MARKS)

Contents:

  1. Concept of indirect taxes
  2. Goods and Services Tax (GST)

 

GROUP II- PAPER 5: ADVANCED ACCOUNTING

Objective:

  1. To acquire the ability to apply specific Accounting Standards, Guidance Notes and legislation to different transactions and events and in preparation and presentation of financial statements of business entities
  1. To understand and apply financial reporting and regulatory requirements of Banking, Financial Services, and Insurance sector.

Contents:

  1. Application of Accounting Standards
  2. Application of Guidance Notes issued by the ICAI on specified accounting aspects.
  3. Special Aspects of Company Accounts
  4. Reorganization of Companies
  5. Financial Reporting of Banking, Financial Services and Insurance (BFSI)
  6. Valuation of goodwill
  7. Consolidated Financial Statements

 

PAPER 6: AUDITING AND ASSURANCE (100 MARKS)

Objective:

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.

  1. Nature, Objective and Scope of Audit
  2. Audit Strategy, Audit Planning and Audit Programme
  3. Audit Documentation and Audit Evidence
  4. Risk Assessment and Internal Control
  5. Fraud and Responsibilities of the Auditor in this Regard: Responsibility for the Prevention and Detection of Fraud; Fraud Risk Factors; Risks of Material Misstatement Due to Fraud; Communication of Fraud (SA 240 The Auditor’s responsibilities Relating to Fra udin an Audit of Financial Statements); Provisions of the Companies Act 2013 relating to fraud and rules thereunder including reporting requirements under CARO.
  6. Audit in an Automated Environment
  7. Audit Sampling
  8. Analytical Procedure
  9. Audit of Items of Financial Statements
  10. The Company Audit
  11. Audit Report
  12. Audit of Banks
  13. Audit of Different Types of Entities

 

PAPER – 7 : ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT.

 

SECTION A : ENTERPRISE INFORMATION SYSTEMS

Objective:

To develop an understanding of technology enabled Information Systems and their impact on enterprise-wide processes, risks and controls.

Contents:

  1. AUTOMATED BUSINESS PROCESSES
  2. FINANCIAL AND ACCOUNTING SYSTEMS
  3. INFORMATION SYSTEMS AND ITS COMPONENTS
  4. E-COMMERCE, M-COMMERCE AND EMERGING TECHNOLOGIES
  5. CORE BANKING SYSTEMS

 

SECTION B : STRATEGIC MANAGEMENT (50 MARKS)

Objectives

To develop an understanding of strategic management concepts and techniques and ac quire the ability to apply the same in business situations.

Contents

  1. Introduction to Strategic Management
  2. Dynamics of Competitive Strategy
  3. Strategic Management Process
  4. Corporate Level Strategies
  5. Business Level Strategies
  6. Functional Level Strategies
  7. Organisation and Strategic Leadership
  8. Strategy Implementation and Control

 

PAPER – 8 : FINANCIAL MANAGEMENT AND ECONOMICS FOR

FINANCE

SECTION A: FINANCIAL MANAGEMENT

Objective: To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.

  1. Financial Management and Financial Analysis
  2. Financing Decisions
  3. Capital Investment and Dividend Decisions
  4. Management of Working Capital

 

SECTION B : ECONOMICS FOR FINANCE (MARKS: 40)

Objective:

To develop an understanding of the concepts and theories of Economics in the context of Finance and acquire the ability to address application-oriented issues.

  1. Determination of National Income
  2. The Money Market
  3. Public Finance
  4. International Trade

 

We hope this article on CA Intermediate Syllabus change has helped you in understanding the new scheme. 


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Also Read:

CA IPCC Syllabus CA IPCC Registration CA IPCC Exam Dates
CA IPCC Papers & Mock Tests CA IPCC Study Plan CA IPCC Suggested Answer
CA IPCC Revision Test Papers CA IPCC Study Material CA IPCC Important Dates
CA Foundation Syllabus CA Intermediate Syllabus  CA Final Syllabus
 
 

 
 
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