CA Intermediate Syllabus & Subjects 2023 for May Exams – Download PDF

CA Intermediate Syllabus & Subjects

The ICAI has released the CA Intermediate syllabus 2023 for the May exams. Students can download the syllabus pdf from the BOS portal of the ICAI official website or this page.

The CA Intermediate course includes eight subjects divided into two groups – Groups 1 & 2. Before preparing for the Intermediate exams, students must go through the complete syllabus of each subject to know the topics that need to be covered. It will also contain the marking scheme of the topics.

So, in this article, you’ll know the CA Inter syllabus and subjects for the May 2023 exams according to the ICAI study material. Furthermore, we have also mentioned the marks weightage and exam pattern.

The ICAI has recently proposed the CA new syllabus, under which the institute has reduced the CA Intermediate subjects from 8 to 6. Check all the details of the CA New scheme here.


how to crack CA Intermediate exams in first attempt

ICAI CA Intermediate Subjects Syllabus 2023

Paper-1: Accounting:

The whole CA Inter accounts syllabus 2023 is divided into 6 parts and students should go through each of them in detail. Check the table below to know the CA Intermediate syllabus 2023 for Paper 1 i.e., Accounting.

Objective: To make the students learn the ability to apply accounting standards and legislation to various transactions and events. It also helps in preparing and presenting the financial statements of businesses.

Contents Topics
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
Applications of Accounting Standards
  • AS 1 : Disclosure of Accounting Policies
  • AS 2 : Valuation of Inventories
  • AS 3 : Cash Flow Statements
  • AS 10 : Property, Plant and Equipment
  • AS 11 : The Effects of Changes in Foreign Exchange Rates
  • AS 12 : Accounting for Government Grants
  • AS 13 : Accounting for Investments
  • AS 16 : Borrowing Costs
Company Accounts
  • Preparation of financial statements
  • Managerial Remuneration;
  • Profit (Loss) prior to incorporation;
  • Accounting for bonus issue and right issue;
  • Redemption of preference shares;
  • Redemption of debentures.
Accounting for Special Transactions
  • Investment;
  • Insurance claims for loss of stock and loss of profit;
  • Hire- purchase and Instalment sale transactions.
Special Type of Accounting
  • Departmental Accounting;
  • Accounting for Branches including foreign branches;
  • Accounts from Incomplete Records.

Must Read: CA Course


Join the VSI CA Intermediate classes now and learn from the best CA faculty.


Paper-2: Corporate and Other Laws:

Given below is the detailed CA Intermediate syllabus of Corporate and Other Law. Candidates appearing for the Intermediate exam should go through all the topics of the CA Inter Law syllabus.

Part I. Company Law (The Companies Act, 2013 – Sections 1 to 148)

Objective: The students here will develop an understanding of the provisions of company law. Apart from that, they’ll learn how to address application-oriented issues.

S. No. Contents
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

Students can also read the CA Intermediate Study Plan for the May 2023 exams.

Part II. Other Laws

Objective: To make the students understand the selected legislation’s provisions and learn to address the application-oriented issues. The students will also understand the rules for the interpretation of statutes.

Topics Content
The 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:

The CA Intermediate syllabus 2023 for paper 3 i.e., Cost and Management Accounting is given below in the table. Every topic of the CA Intermediate costing syllabus is important for students, as it is also a scorable subject.

Objective:

  • To acquire the ability to determine the prices by establishing the cost associated with the production of products and provisions of services and develop an understanding of the basic concepts.
  • To make students understand the cost accounting statements.
  • Students will learn how to use the information for finding costs, planning, controlling and decision making.

Module 1:

Chapters Topic
Chapter 1 Introduction to Cost and Management Accounting
Chapter 2 Material Cost
Chapter 3 Employee Cost
Chapter 4 Overheads: Absorption Costing Method
Chapter 5 Activity Based Costing
Chapter 6 Cost Sheet
Chapter 7 Cost Accounting System

Module 2:

Chapters Topic
Chapter 8 Unit & Batch Costing
Chapter 9 Job Costing and Contract Costing
Chapter 10 Process & Operation Costing
Chapter 11 Joint Products & By Products
Chapter 12 Service Costing
Chapter 13 Standard Costing
Chapter 14 Marginal Costing
Chapter 15 Budget and Budgetary Control

Paper-4: Taxation:

CA Inter Taxation is a subject that requires continuous revisions. The CA Inter syllabus for taxation is divided into two parts- Income tax law and indirect taxes. Students can check out a detailed Taxation syllabus for the 2023 exams from the table below.

Objective: To understand the provisions of Income Tax law & GST law, and to apply the acquired knowledge in computations and address the application-oriented issues.

Paper-4A: Income Tax Law:

Module 1:

Chapters Topic
Chapter 1 Basic Concepts
Chapter 2 Residence and Scope of Total Income
Chapter 3 Incomes which do not form part of Total Income

Module 2:

Chapter Topic
Chapter 4 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

Module 3:

Chapter Topic
Chapter 5 Income of Other Persons included in Assessee’s Total Income
Chapter 6 Aggregation of Income, Set-off and Carry Forward of Losses
Chapter 7 Deductions from Gross Total Income
Chapter 8 Computation of Total Income and Tax Payable
Chapter 9 Advance Tax, Tax Deduction and Introduction to Tax Collection at Source
Chapter 10 Provisions for filing Return of Income and Self-assessment

Paper-4B: Indirect Taxes:

Module 1:

Chapter Topic
Chapter 1 GST in India – An Introduction
Chapter 2 Supply under GST
Chapter 3 Charge of GST
Chapter 4 Exemptions from GST
Chapter 5 Time and Value of Supply
  • Unit I: Time of Supply
  • Unit II: Value of Supply

Module 2:

Chapter Topic
Chapter 6 Input Tax Credit
Chapter 7 Registration
Chapter 8 Tax Invoice: Credit and Debit Notes; E-way Bill
Chapter 9 Payment of Tax
Chapter 10 Returns

Check out the CA Intermediate Group 1 study plan for the 2023 exams.


Paper-5: Advanced Accounting:

Check the table below to know the CA Inter Advanced Accounting syllabus for the May 2023 exams.

Objective:

  • To be able to apply the accounting standards and legislations to various events and transactions. Acquire the ability to prepare and present the financial statements of businesses.
  • To develop the understanding and to apply financial reporting and regulatory requirements of Banking companies and NBFCs.
Chapter Topic
Chapter 1 Application of Accounting Standards
Chapter 2 Partnership Accounts
  • Unit 1: Dissolution of Partnership Firms
  • Unit 2: Amalgamation, Conversion & Sale of Partnership Firms
Chapter 3 Accounting for Employee Stock Option Plans
Chapter 4 Buyback of Securities and Equity Shares with Differential Rights
Chapter 5 Amalgamation of Companies
Chapter 6 Internal Reconstruction
Chapter 7 Liquidation of Companies
Appendix Schedule-III to The Companies Act, 2013
Chapter 8 Banking Companies
  • Unit 1: Some Relevant Provisions of The Banking Regulations Act, 1949
  • Unit 2: Books of Accounts, Returns and Forms of Financial Statements
  • Unit 3: Capital Adequacy Norms
  • Unit 4: Income Recognition, Classification of Assets and Provisions
  • Unit 5: Some Special Transactions of Banks
  • Unit 6: Preparation of Financial Statements of Banks
  • Annexures
Chapter 9 Non-Banking Financial Companies
Chapter 10 Consolidated Financial Statements
Accounting Pronouncements Accounting Standards

Paper-6: Auditing and Assurance:

Given below is the CA Intermediate syllabus 2023 for auditing and assurance.

Objective: To understand the concepts of auditing and also the generally accepted auditing procedures, techniques and skills. Other than that, acquire the ability to apply the knowledge in audit and attestation engagements.

Chapter Topic
Chapter 1 Nature, Objective and Scope of Audit
Chapter 2 Audit Strategy, Audit Planning and Audit Programme
Chapter 3 Audit Documentation and Audit Evidence
Chapter 4 Risk Assessment and Internal Control
Chapter 5 Fraud and Responsibilities of the Auditor in this Regard
Chapter 6 Audit in an Automated Environment
Chapter 7 Audit Sampling
Chapter 8 Analytical Procedures
Chapter 9 Audit of Items of Financial Statements
Chapter 10 The Company Audit
Chapter 11 Audit Report
Chapter 12 Audit of Banks
Chapter 13 Audit of Different Types of Entities
Auditing Pronouncements
  • Announcements of the Council
  • Standards
  • SA 200-299
  • SA 300-399
  • SA 500-699
  • SA 700-799

Paper-7: Enterprise Information Systems & Strategic Management:

This CA Intermediate subject is divided into 2 sections namely – Enterprise Information System, and Strategic Management. The syllabus for both sections is mentioned in the table below. While studying for paper 7, the students will learn about information systems and how it is making their impact on processes and controls.

Paper-7 Section-A: Enterprise Information Systems:

Objective: To understand the technology-enabled Information Systems and its impact on enterprise-wide processes, risks and controls.

S. No. 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

Paper-7 Section-B: Strategic Management:

Objective: To understand the concepts of strategic management and techniques and the ability to apply the same in business situations.

S. No. Contents
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 & Economics for Finance:

The last subject of the CA Intermediate Syllabus 2023 deals with Financial management and is also divided into 2 sections. The first part is financial management and the second part is economics for finance. The table below shows the CA Intermediate syllabus for paper 8.

Section-A: Financial Management:

Objective: To understand different aspects of Financial Management and to apply such knowledge in decision-making.

Chapter Topic
Chapter 1 Scope and Objectives of Financial Management
Chapter 2 Types of Financing
Chapter 3 Financial Analysis and Planning – Ratio Analysis
Chapter 4 Cost of Capital
Chapter 5 Financing Decisions – Capital Structure
Chapter 6 Financing Decisions – Leverages
Chapter 7 Investment Decisions
Chapter 8 Risk Analysis in Capital Budgeting
Chapter 9 Dividend Decisions
Chapter 10 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

Section-B: Economics for Finance:

Objective: To understand the theories and concepts of Economics in the context of Finance and to address application-oriented issues.

S. No. Contents
1 Determination of National Income
2 Public Finance
3 The Money Market
4 International Trade

For better preparation, students can check out CA Intermediate Papers of the previous years.


Download CA Intermediate Syllabus 2023 PDF

Download CA Intermediate Syllabus May 2023 PDF Click Here

Along with downloading the CA Inter Syllabus PDF, we also suggest you 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. Dedicate yourself to the Intermediate studies and make sure that you clear the exams in just one go. 

Must Check: Preparation Strategy for CA Intermediate Group 2 Papers


CA Intermediate Syllabus Updates – May 2023

ICAI has made changes in the CA Inter syllabus for the 2023 exams. 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 the 2023 examination.

Addition of Topics in the CA Intermediate Syllabus 2023

All the updates which are made by the ICAI for the May 2023 exam are mentioned below:

  1. Accounting topics of paper 1 have been shifted to paper 5 advanced accounting.
  2. 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. 

You can also check this CA Inter Study Plan to clear the May 2023 exams on the first attempt.


Deduction of Topics in the CA Intermediate Syllabus May 2023

All the topics which are deducted from the CA Inter Syllabus for May 2023 by the ICAI are mentioned below:

  1. Underwriting of shares and debentures.
  2. Valuation of goodwill.
  3. Application of Guidance Notes issued by the ICAI on specified accounting aspects.
  4. Financial Reporting of Insurance Companies and Mutual Funds and regulatory requirements thereof.
  5. Parties to notes, Bills and Cheques, Presentment of Negotiable Instruments, Payment & Interest, and Noting & Protest.

Students can check their CA Inter Nov 2022 result from this page.


CA Intermediate Exam Pattern

Check the CA Intermediate Exam Pattern for the May 2023 exams:

Particulars Details
Conducting Body ICAI
Exam mode Pen and Paper based
Types of question Objective and subjective
Medium of exam English and Hindi
Total no. of papers 8 papers
No. of marks 800 marks (100 per paper)
Negative marking No negative marking

Check out the complete CA Inter Date Sheet May 2023

To know more about the CA Intermediate Exam Pattern for May 2023, students can click on this link.

Due to the lengthy syllabus and difficult topics, it is not easy to pass the CA Inter exams. To clear the exams, VSI suggests the students to complete the course soon, revise them at least two times and practice with mock test papers regularly.

Therefore, 2-3 months are not enough to clear the CA Intermediate exams. It will take around 7 months.

This is all about the CA Intermediate syllabus for May 2023 exams that you need to know. In this article, you’ve read about the syllabus, and CA Inter subjects in detail, along with the marking scheme, and updations in the CA Intermediate Syllabus 2023. 

FAQ

Ques 1. How to download the CA Intermediate Syllabus 2023 PDF?

Ans. Students can download the pdf for the CA Inter syllabus 2023 from the ICAI website. However, we have also mentioned the direct downloadable link to download the revised syllabus. 

Ques 2. What are the CA Inter Group 1 subjects?

Ans. The CA Inter group 1 subjects are:

  • Accounting
  • Corporate & Other Laws
  • Cost & Management Accounting
  • Taxation

Ques 3. 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), and Financial Management & Economics for Finance.

Ques 4. When will ICAI issue the Syllabus for May 2023?

Ans. The ICAI will soon release the CA Inter May 2023 syllabus on its official website. Till then, students can refer to the syllabus available right now.

Ques 5. Is the CA Inter Syllabus lengthy?

Ans. Yes, the syllabus of CA Inter is lengthy. However, if students start preparing for the exams early and properly manage their time, then they can easily complete their syllabus on time. And then only, they’ll have enough time to revise and solve mock test papers.

Ques 6. Which group of CA Inter is easy to clear?

Ans. For those students who face difficulty in studying the theory subjects, group 1 will be easier for them as it has less theory portion.

Ques 7. Does CA Intermediate have Maths?

Ans. No, in the CA Intermediate course, there is no special subject of maths.

Ques 8. How many attempts are allowed in CA Intermediate Exams?

Ans. A Chartered Accountancy student can take 8 attempts for CA Intermediate Exams. After which, they have to register for the CA Intermediate course again.