Get updated CA Inter Syllabus Changes here in this article. The New CA Inter New Scheme Syllabus is applicable from May 2017. Get the updated syllabus for the CA Inter exam, which has been given by the Institute of Charted Accountants. Time is of the essence, and in an exam that is reckoned to be tougher than most, every minute of preparation counts. This article will help you find the complete new syllabus to have a better approach to prepare for the CA Intermediate exam. Also, check changes from CA IPCC old scheme to the new CA Inter syllabus. Read further and find below the detailed subject wise CA Inter Syllabus.
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|
|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)|
|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)|
CA Inter Syllabus – Detailed subject wise syllabus for May 2020
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:
- Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs.
- Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
- Applications of Accounting Standards
- Company Accounts
- Accounting for Special Transactions
- Special type of Accounting.
- Dissolution of partnership firms including piecemeal distribution of assets;
An amalgamation of partnership firms; Conversion of a 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 – Section 1 to 148
- Incorporation of Company and Matters Incidental thereto
- Prospectus and Allotment of Securities
- Share Capital and Debentures
- Acceptance of Deposits by companies
- Registration of Charges
- Management and Administration
- Declaration and Payment of Dividend
- Accounts of Companies
- 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 the interpretation of statutes
- The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards): Contract of Indemnity and Guarantee, Bailment, Pledge, Agency
- 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
- 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
- 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:
- Overview of Cost and Management Accounting
- Ascertainment of Cost and Cost Accounting System
- Methods of Costing
- Cost Control and Analysis
PAPER – 4: TAXATION
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:
- Basic Concepts
- Residential status and scope of total income
- Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
- Heads of income and the provisions governing the computation of income under different heads
- The income of other persons included in 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) Contents:
- Concept of indirect taxes
- Goods and Services Tax (GST)
GROUP II- PAPER 5: ADVANCED ACCOUNTING
- 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
- To understand and apply financial reporting and regulatory requirements of Banking, Financial Services, and Insurance sectors.
- Application of Accounting Standards
- Application of Guidance Notes issued by the ICAI on specified accounting aspects.
- Special Aspects of Company Accounts
- Reorganization of Companies
- Financial Reporting of Banking, Financial Services and Insurance (BFSI)
- Valuation of goodwill
- 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.
- 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: 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 in an Audit of Financial Statements); Provisions of the Companies Act 2013 relating to fraud and rules thereunder including reporting requirements under CARO.
- Audit in an Automated Environment
- Audit Sampling
- Analytical Procedure
- Audit of Items of Financial Statements
- The Company Audit
- Audit Report
- Audit of Banks
- 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:
- 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 (50 MARKS) Objectives: To develop an understanding of strategic management concepts and techniques and acquire the ability to apply the same in business situations. Contents:
- 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 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.
- Financial Management and Financial Analysis
- Financing Decisions
- Capital Investment and Dividend Decisions
- 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.
- Determination of National Income
- The Money Market
- Public Finance
- International Trade
We hope this article on CA Inter Syllabus change has helped you in understanding the new scheme.
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