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CA Intermediate New Syllabus and Subjects for May 2024 Exams – Download PDF

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The ICAI has released the CA Intermediate New Syllabus 2024 for the May 2024 exams. Students can download the Syllabus pdf from the BoS portal of the ICAI official website or this page. 

The CA Intermediate course includes Six 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.

Furthermore, the ICAI has recently proposed a new CA syllabus, under which the institute has reduced the CA intermediate subjects from 8 to 6. Check all the details of the CA New Scheme 2024  here. You can also join the CA Inter Online Classes for preparation. 

So, In this article, you’ll learn the CA Intermediate New syllabus and subjects for the May 2024 exams according to the ICAI study material. Furthermore, we have also mentioned the marks weightage and exam pattern.

Must Check: CA Inter admit card

CA Intermediate New Syllabus & Subjects

how to crack CA Intermediate exams in first attempt

ICAI CA Intermediate New Subjects Syllabus 2024

Paper-1: Advance Accounting (100 Marks)

The whole CA Inter Advanced Accounts syllabus 2024 is separated into 3 Modules, and students should go through each of them in detail. ICAI has added 15 chapters to the Advanced Accounting syllabus for 2024. Check the table below to know the CA Intermediate syllabus 2024 for Paper 1, i.e., Advance Accounting.

Syllabus Modules
Chapters
Module-1
Chapter 1: Introduction to Accounting Standards
Chapter 2: Framework for Preparation and Presentation of Financial Statements
Chapter 3: Applicability of Accounting Standards
Chapter 4: Presentation and Disclosures Based Accounting Standards
  • Unit 1: Accounting Standard 1 Disclosure of Accounting Policies
  • Unit 2: Accounting Standard 3 Cash Flow Statement
  • Unit 3: Accounting Standard 17 Segment Reporting
  • Unit 4: Accounting Standard 18 Related Party Disclosures
  • Unit 5: Accounting Standard 20 Earnings Per Share
  • Unit 6: Accounting Standard 24 Discontinuing Operations
  • Unit 7: Accounting Standard 25 Interim Financial Reporting
Module-2
Chapter 5: Assets Based Accounting Standards
  • Unit 1: Accounting Standard 2 Valuation of Inventory
  • Unit 2: Accounting Standard 10 Property, Plant and Equipment
  • Unit 3: Accounting Standard 13 Accounting for Investments
  • Unit 4: Accounting Standard 16 Borrowing Costs
  • Unit 5: Accounting Standard 19 Leases
  • Unit 6: Accounting Standard 26 Intangible Assets
  • Unit 7: Accounting Standard 28 Impairment of Assets
Chapter 6: Liabilities Based Accounting Standards
  • Unit 1: Accounting Standard 15 Employee Benefits
  • Unit 2: AS 29 (Revised) Provisions, Contingent Liabilities and Contingent Assets
Chapter 7: Accounting Standards Based on Items Impacting Financial Statement
  • Unit 1: Accounting Standard 4 Contingencies and Events occurring after the Balance Sheet Date
  • Unit 2: Accounting Standard 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
  • Unit 3: Accounting Standard 11 The Effects of Changes in Foreign Exchange Rates
  • Unit 4: Accounting Standard 22 Accounting for Taxes on Income
Chapter 8: Revenue Based Accounting Standards
  • Unit 1: Accounting Standard 7 Construction Contracts
  • Unit 2: Accounting Standard 9 Revenue Recognition
Chapter 9: Other Accounting Standards
  • Unit 1: Accounting Standard 12 Accounting for Government Grants
  • Unit 2: Accounting Standard 14 Accounting for Amalgamations
Chapter 10: Accounting Standards for Consolidated Financial Statement
  • Unit 1: Accounting Standard 21 Consolidated Financial Statements
  • Unit 2: Accounting Standard 23 Accounting for Investments in Associates in Consolidated Financial Statement
  • Unit 3: Accounting Standard 27 Financial Reporting of Interests in Joint Ventures
Module-3
Chapter 11: Financial Statements of Companies
  • Unit 1: Preparation of Financial Statements
  • Unit 2: Cash Flow Statement
Chapter 12: Buyback of Securities
Chapter 13: Amalgamation of Companies
Chapter 14: Accounting for Reconstruction of Companies
Chapter 15: Accounting for Branches including Foreign Branches

Must Read: CA Course


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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.

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.

Syllabus Modules
Chapters
Module-1
Chapter 1: Preliminary
Chapter 2: Incorporation of Company and Matters Incidental Thereto
Chapter 3: Prospectus and Allotment of Securities
Chapter 4: Share Capital and Debentures
Chapter 5: Acceptance of Deposits by Companies
Chapter 6: Registration of Charges
Module-2
Chapter 7: Management & Administration
Chapter 8: Declaration and Payment of Dividend
Chapter 9: Accounts of Companies
Chapter 10: Audit and Auditors
Chapter 11: Companies Incorporated Outside India
Module-3
Chapter 12: The Limited Liability Partnership Act, 2008
Module-3 (Part-II Other Laws)
Chapter 1: The General Clauses Act, 1897
Chapter 2: Interpretation of Statutes
Chapter 3: The Foreign Exchange Management Act, 1999

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


Paper-3: 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 2024 exams from the table below.

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

Section A: Income Tax Law (50 Marks)

Syllabus Modules
Chapters
Module-1
Section I
Chapter 1: Basic Concepts
Chapter 2: Residence and Scope of Total Income
Section II
Chapter 3: Heads of Income
Module-2
Section III
Chapter 4: Income of Other Persons included in Assessee’s Total Income
Chapter 5: Aggregation of Income, Set-Off and Carry Forward of Losses
Chapter 6: Deductions from Gross Total Income
Section IV
Chapter 7: Advance Tax, Tax Deduction at Source and Tax Collection at Source
Chapter 8: Provisions for filing Return of Income and Self Assessment
Section V
Chapter 9: Income Tax Liability – Computation and Optimisation

Section B: Goods and Service Tax (50 Marks)

Syllabus Modules
Chapters
Module-1
Chapter 1: GST in India – An Introduction
Chapter 2: Supply under GST
Chapter 3: Charge of GST
Chapter 4: Place of Supply
Chapter 5: Exemptions from GST
Chapter 6: Time of Supply
Chapter 7: Value of Supply
Module-2
Chapter 8: Input Tax Credit
Chapter 9: Registration
Chapter 10: Tax Invoice; Credit and Debit Notes
Chapter 11: Accounts and Records
Chapter 12: E-Way Bill
Chapter 13: Payment of Tax
Chapter 14: Tax Deduction at Source and Collection of Tax at Source
Chapter 15: Returns

Paper-4: Cost and Management Accounting

The CA Intermediate syllabus 2024 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.

Syllabus Modules
Chapters
Module-1
Chapter 1: Introduction to Cost and Management Accounting
Chapter 2: Material Cost
Chapter 3: Employee Cost and Direct Expenses
Chapter 4: Overheads – Absorption Costing Method
Chapter 5: Activity Based Costing
Chapter 6: Cost Sheet
Chapter 7: Cost Accounting Systems
Module-2
Chapter 8: Unit and Batch Costing
Chapter 9: Job Costing
Chapter 10: Process and Operation Costing
Chapter 11: Joint Products and By Products
Chapter 12: Service Costing
Chapter 13: Standard Costing
Chapter 14: Marginal Costing
Chapter 15: Budgets and Budgetary Control

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

Paper 5: Auditing and Assurance:

Given below is the CA Intermediate syllabus 2024 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.

Syllabus Modules
Chapters
Module-1
Chapter 1: Nature, Objective and Scope of Audit
Chapter 2: Audit Strategy, Audit Planning and Audit Programme
Chapter 3: Risk Assessment and Internal Control
Chapter 4: Audit Evidence
Chapter 5: Audit of Items of Financial Statements
Module-2
Chapter 6: Audit Documentation
Chapter 7: Completion and Review
Chapter 8: Audit Report
Chapter 9: Special Features of Audit of Different Type of Entities
Chapter 10: Audit of Banks
Chapter 11: Ethics and Terms of Audit Engagements

Must Check : All Detail of CA Intermediate Auditing and Assurance


Paper-6: Financial Management and Strategic Management (100 Marks)

This CA Intermediate subject is divided into 2 sections, namely – Finance Management and Strategic Management. The syllabus for both sections is mentioned in the table below. While studying for paper 6, the students will learn about information systems and how it is making their impact on processes and controls.

Section A: Financial Management

The last subject of the CA Intermediate Syllabus 2024 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 6.

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

Syllabus Modules
Chapters
Module-1
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
Module-2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: Management of Working Capital

Section B: Strategic Management:

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

Syllabus Modules
Chapters
Module-1
Chapter 1: Introduction to Strategic Management
Chapter 2: Strategic Analysis: External Environment
Chapter 3: Strategic Analysis: Internal Environment
Chapter 4: Strategic Choices
Chapter 5: Strategy Implementation and Evaluation

Must Check: Preparation Strategy for CA Intermediate Group 2 Papers.


CA Intermediate New Syllabus Updates May 2024

ICAI has made changes in the CA Inter syllabus for the 2024 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 2024 examination.

Addition of Topics in the CA Intermediate Syllabus 2024

All the updates which are made by the ICAI for the May 2024 exam are mentioned below:

  1. Accounting topics of paper 1 have been shifted to paper 5, advanced accounting.
  2. ICAI has added the dissolution of partnership firms, including the piecemeal distribution of assets along with the conversion of partnership firms into companies and sales to companies, which is an issue related to accounting in limited liability partnerships. 

Deduction of Topics in the CA Intermediate Syllabus May 2024

All the topics which are deducted from the CA Inter Syllabus for May 2024 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 and interest, and Noting and protest.

Students can check their CA Inter Result from this page.


CA Intermediate Exam Pattern

Check the CA Intermediate Exam Pattern for the May 2024 exams:

ParticularsDetails
Conducting BodyICAI
Exam modePen and Paper based
Types of questionObjective and subjective
Medium of examEnglish and Hindi
Total no. of papers6 papers
No. of marks600 marks (100 per paper)
Negative markingNo negative marking

Check out the complete CA Inter Date Sheet Nov 2023

To know more about the CA Intermediate Exam Pattern for Nov 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 Nov 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 2024 PDF?

Ans. Students can download the pdf for the CA Inter new syllabus 2024 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:

  • Advanced Accounting
  • Corporate & Other Laws
  • Taxation (Section A: Income Tax Law)
  • Taxation (Section B: Goods and Service Tax)

Ques 3. What are the CA Inter Group 2 new subjects?

Ans. The CA Intermediate Group 2 new scheme subjects are: Cost and Management Accounting, Auditing and Ethics, Financial Management and Strategic Management ( Section A: Financial Management) ( Section B: Strategic Management)

Ques 4. When will ICAI issue the New Syllabus for May 2024?

Ans. The ICAI has released the CA Inter May 2024 New syllabus on its official website. Students can start their preparation by considering this CA Inter Study Plan to clear the CA Intermediate May 2024 exams on the first attempt.

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. Only then will they 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. Chartered Accountancy students can take 8 attempts for CA Intermediate Exams. After that, they have to register for the CA Intermediate course again. 

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