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CA Intermediate Syllabus- Revised Scheme CA Intermediate New Syllabus
In this article, we are providing you the CA Intermediate syllabus applicable for the students registered with the revised scheme. Students can register for the CA Intermediate after passing the entrance level i.e. CA Foundation.
The students who register themselves after 1st July 2017 are eligible to appear in CA Intermediate Examinations. If you are looking for the best CA Intermediate course Students can join VSI. VSI is the best online class for CA Intermediate.
Admission under the old scheme IPCC has been discontinued from 30th June 2017.
The entire syllabus of the CA Inter subjects new course is divided into eight and further these subjects are divided into two groups.
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Table of Contents
CA Intermediate Exam May 2021- Overview
| Exam mode | Pen and paper-based examination |
| Types of question | Objective and subjective |
| Medium of exam | English and Hindi |
| Total no. of papers | 8 papers |
| No. of marks | 800 marks (100 marks each per paper) |
| Negative marking | No negative marking |
| Conducting Body | ICAI |
CA Intermediate Syllabus New Course Updates 2021
ICAI has made changes in the CA intermediate syllabus for May 2021 exam. ICAI has added some new topics and reduced some old topics from the ICAI syllabus. Given below are all the changes in the CA Syllabus done by ICAI for May 2021 examination.
Addition of Topics in the CA Intermediate Syllabus 2021
All the updates which are made by the ICAI for the May 2021 exam are mentioned below:
- Accounting topics of paper 1 have been shited to paper 5 advanced accounting.
- ICAI has added dissolution of Partnership firms including piecemeal distribution of assets along with the conversion of partnership firm into a company and sale to a company which is an issue related to accounting in limited liability partnership.
Deduction of Topics in the CA Intermediate Syllabus May 2021
All the topics which are deducted from the CA Inter Syllabus for May 2021 by the ICAI are mentioned below:
- Underwriting of shares and debentures.
- Valuation of goodwill.
- Application of Guidance Notes issued by the ICAI on specified accounting aspects.
- Financial Reporting of Insurance Companies and Mutual Funds and regulatory requirements thereof.
Students can check out CA Intermediate Mock Test Papers
CA Intermediate Subjects and the marks distribution of the New Course are
| Paper | Subject | Section | Marks | Type |
| Paper 1 | Accounting | (100 Marks) | Descriptive | |
| Paper 2 | Corporate Laws and Other Laws | 70% Descriptive 30% Objective | ||
| Corporate Laws | (60 Marks) | |||
| Other Laws | (40 Marks) | |||
| Paper 3 | Cost and Management Accounting | (100 Marks) | Descriptive | |
| Paper 4 | Taxation | 70% Descriptive 30% Objective | ||
| Direct Tax Laws | (60 Marks) | |||
| Indirect Tax Laws | (40 Marks) | |||
| Paper 5 | Advanced Accounting | (100 Marks) | Descriptive | |
| Paper 6 | Auditing and Assurance | (100 Marks) | 70% Descriptive 30% Objective | |
| Paper 7 | Enterprise Information System and Strategic Management | 70% Descriptive 30% Objective | ||
| Enterprise Information System | (50 Marks) | |||
| Strategic Management | (50 Marks) | |||
| Paper 8 | Financial Management and Economics for Finance | Descriptive | ||
| Financial Management | (60 Marks) | |||
| Economics for Finance | (40 Marks) |
Download the Latest Syllabus of CA Intermediate (New Scheme)
| Download CA Intermediate Syllabus PDF May 2021 | Click Here |
Paper 1– ACCOUNTING
| Chapter | Chapter Names |
| 1 | Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs. |
| 2 | Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards). |
| 3 | Applications of Accounting Standards |
| 4 | Company Accounts |
| 5 | Accounting for Special Transactions |
| 6 | Special Type of Accounting |
Paper 2– CORPORATE AND OTHER LAWS
Given below is the detailed syllabus of the Corporate and Other Law Syllabus. Candidates appearing for the CA exam should go through with and every topic of the syllabus.
| The Companies Act, 2013 – Sections 1 to 148 | |
| Chapter | Chapter Names |
| 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
| Chapter | Chapter Names |
| 1 | The Contract Act, 1872 |
| 2 | The Negotiable Instruments Act, 1881 |
| 3 | The General Clauses Act, 1897 |
| 4 | Interpretation of statutes |
Paper 3– COST AND MANAGEMENT ACCOUNTING
The syllabus for paper 3 CA inter Cost Management Accounting is given below. Candidates can check the detailed Cost and Management Accounting Syllabus. Every topic in the syllabus is mandatory for students to prepare for the CA Intermediate exam.
| Chapter | Chapter Names |
| 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
CA inter Taxation is a subject that requires continuous revision. Every student must go through the taxation syllabus prior to the preparation. Taxation is divided into two parts- Income tax law and indirect taxes. Given below is the syllabus for taxation. Students can check out a detailed Taxation syllabus for CA intermediate exam.
Part A– Income Tax Law
| Chapter | Chapter Names |
| 1 | Basic Concepts |
| 2 | Residential Status and scope of total income |
| 3 | Incomes that do not form part of total income (other than charitable trusts and institutions, political parties, and electoral trusts) |
| 4 | Heads of income and provisions governing computation of income under different heads |
| 5 | The income of other persons included in the assessee’s total income |
| 6 | Aggregation of income; set-off, or carry forward and set-off of losses |
| 7 | Deductions from gross total income |
| 8 | Computation of total income and tax liability of individuals |
| 9 | Advance tax, tax deduction at source, and Introduction to tax collection at source |
| 10 | Provisions for filing return of income and self-assessment |
Part B– Indirect Taxes
| Chapter | Chapter Names |
| 1 | Concept of Indirect Taxes |
| 2 | Goods and Service Tax (GST) Laws |
Paper 5– ADVANCED ACCOUNTING
Given below is the list of chapters names of ca inter advanced accounting syllabus which is mandatory for the CA intermediate exam. Students can check the detailed advanced accounting syllabus. It provides all the information regarding marking schemes, question patterns, etc.
| Chapter | Chapter Names |
| 1 | Application of Accounting Standards |
| 2 | Special Aspects of Company Accounts |
| 3 | Reorganization and Liquidation of Companies |
| 4 | Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof |
| 5 | Consolidated Financial Statements |
| 6 | Dissolution of partnership firms |
Paper 6– AUDITING AND ASSURANCE
Given below is the syllabus for the CA inter auditing and assurance. Students can check the detailed syllabus of the CA Intermediate of auditing and assurance.
| Chapter | Chapter Names |
| 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 Author in this Regard |
| 6 | Audit in an Automated Environment |
| 7 | Audit Sampling |
| 8 | Analytical Procedures |
| 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 SYSTEM AND STRATEGIC MANAGEMENT
Section A– Enterprise Information System
| Chapter | Chapter Names |
| 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
| Chapter | Chapter Names |
| 1 | Introduction to Strategic Management |
| 2 | Dynamics of Competitive Strategy |
| 3 | Strategy Management Process |
| 4 | Corporate Level Strategies |
| 5 | Business Level Strategies |
| 6 | Functional Level Strategies |
| 7 | Organization and Strategic Leadership |
| 8 | Strategy Implementation and Control |
Paper 8– FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE
Part A– Financial Management
| Chapter | Chapter Names |
| 1 | Financial Management and Financial Analysis |
| 2 | Financing Decisions |
| 3 | Capital Investment and Dividend Decisions |
| 4 | Management of Working Capital |
Part B– Economics for Finance
| Chapter | Chapter Names |
| 1 | Determination of National Income |
| 2 | Public Finance |
| 3 | The Money Market |
| 4 | International Trade |
After downloading the complete syllabus and checking the section-wise weightage scheme thoroughly, you should download the CA Intermediate Study Material PDFs and start preparing for the CA Intermediate Exam. Time goes by soon and you don’t realize when exams are near, so utilize your study time well.
Check out CA Intermediate Fee Structure and CA Intermediate Time Table
FAQ
Ques 1. What are the specifications for the use of calculators by ICAI?
Ans. You can carry a battery-operated portable calculator with up to 12 digits, 2 memories. and 6 functions.
Related: Tricks on how to use a calculator in the best way during exam time.
Ques 2. Are any marks deducted for wrong answers in CA Intermediate Exams?
Ans. No, there is no negative marking for any wrong answer.
Ques 3. How many attempts are allowed in CA Intermediate Exams?
Ans. A Chartered Accountancy student can take 8 attempts for CA Intermediate Exams. After which, the registration should be renewed.
Ques 4. What are the passing criteria for the CA Intermediate Exams?
Ans. You need to meet the following criteria:
- Minimum of 40% marks on each paper
- An aggregate of 50% of marks in all papers
Ques 5. What are the CA Inter Group 2 subjects?
Ans. The CA inter group 2 subjects are Advanced Accounting, Auditing, and Assurance, Enterprise Information Systems & Strategic Management (Section A and Section B), Financial Management & Economics for Finance.
For the best CA Intermediate classes, join VSI now.
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