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CA Intermediate Syllabus and Subjects for May 2022 – Download PDF
CA Intermediate syllabus for May 2022 – ICAI has released the revised CA Inter syllabus for the May 2022 exams on its official website. Students can register for the CA Intermediate Course after passing the entrance level i.e. CA Foundation. The syllabus includes 8 subjects divided into 2 groups. You are going to learn about accounting, taxation, finance, law, and many more in this course.
Students can download the CA Intermediate syllabus pdf from ICAI official website or through this page. There are 8 CA Inter papers of 100 marks and there is no negative marking. Check the ICAI CA Intermediate Syllabus of May 2022 in the below section.
Paper 1 – Accounting
Paper 2 – Corporate Laws and Other Laws
Paper 3 – Cost and Management Accounting
Paper 4 – Taxation
Paper 5 – Advanced Accounting
Paper 6 – Auditing and Assurance
Paper 7 – Enterprise Information System and Strategic Management
Paper 8 – Financial Management and Economics for Finance
In this article, you are going to get the complete details of CA Intermediate Syllabus & subjects and you can download it also in the pdf format.
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Table of Contents
CA Intermediate Exam May 2022 – Overview
Students eligible for CA Intermediate course should know the details about the exams. We have made the overview table including all the important points like mode of exam, exam dates, number of marks, total number papers, etc. Check the table to get the information.
| 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 |
| CA Intermediate Exam Dates | TBA |
| No. of marks | 800 marks (100 per paper) |
| Negative marking | No negative marking |
Check out the CA Intermediate Time Table
CA Intermediate Syllabus
Paper 1. Accounting
The table mentioned below includes the CA Intermediate syllabus of Paper 1 i.e., Accounting. The whole accounting syllabus is divided into 6 parts and students should go through each of them in detail.
Objective: To make the students learn the ability to apply the accounting standards and legislations to various transactions and events. It also helps in preparing and presenting the financial statements of businesses.
| S No. | 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. |
| 2 | Framework for Preparation and Presentation of Financial Statements |
| 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 CA Inter syllabus of Corporate and Other Law. Candidates appearing for the CA exam should go through with and every topic of the syllabus.
Part I. Company Law (The Companies Act, 2013 – Sections 1 to 148)
Objective: The students here will develop the understanding of the provisions of company law. Apart from that, they’ll learn how to address the 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 |
Part II. Other Laws
Objective: To make the students understand about the provisions of the selected legislations and to learn to address the application-oriented issues. The students will also understand about the rules for interpretation of statutes.
| S. No. | Contents |
|---|---|
| 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 CA Intermediate syllabus for paper 3 i.e., Cost and 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.
Objective:
- To acquire the ability to determine the prices by establishing the cost associated with production of products and provisions of services and develop the understanding the basic concepts.
- To make students understand about the cost accounting statements.
- Students will learn how to use the information for finding cost, planning, controlling and decision making.
| S. No. | 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
CA inter Taxation is a subject that requires continuous revision. Every student must go through the CA Intermediate taxation syllabus prior to the preparation. Taxation is divided into two parts- Income tax law and indirect taxes. Given below is the inter syllabus for taxation. Students can check out a detailed Taxation syllabus for CA intermediate exam.
Objective: To understand the provisions of Income Tax law & GST law, and to apply the acquired knowledge in computations and addressing the application-oriented issues.
Part A. Income Tax Law
| S. No. | Contents |
|---|---|
| 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 | 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
| S. No. | Contents |
|---|---|
| 1 | Concept of Indirect Taxes |
| 2 | Goods and Service Tax (GST) Laws |
Paper 5. Advanced Accounting
Given below is the list of contents of CA Inter advanced accounting syllabus which is mandatory for the exam. Students can check the detailed advanced accounting syllabus. It provides all the information regarding marking schemes, question patterns, etc.
Objective:
- To be able to apply the accounting standards and legislations to various events and transaction. To 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.
| S. No. | Contents |
|---|---|
| 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 CA Intermediate syllabus 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.
| S. No. | Contents |
|---|---|
| 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
The paper 7 is divided into 2 sections namely – Enterprise Information System, and Strategic Management. The intermediate syllabus of both of the sections are mentioned below. Here, the students will learn about the information systems and how it is making its impact on processes and controls.
Section A. Enterprise Information System
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 |
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 and Economics for Finance
Read all the topics that you are going to study for the last paper of the intermediate exams. The last subject of the CA Intermediate Syllabus is also divided into 2 sections. The first part is financial management and the second part is economics for finance. Read the complete syllabus of the last CA inter subject in the table given below.
Part A. Financial Management
Objective: To understand different aspects of Financial Management and to apply such knowledge in decision-making.
| S. No. | Contents |
|---|---|
| 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
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 Mock Test Papers.
Download the CA Intermediate Syllabus for May 2022
| Download CA Intermediate Syllabus May 2022 PDF | Click Here |
After downloading the complete CA Inter syllabus PDF 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. Dedicate yourself for the Intermediate studies and make sure that you clear the exams in just one go.
CA Intermediate Subjects and Marks Distribution
CA Intermediate Syllabus is lengthy and students have to make proper study plan for better preparation. Given below is the table giving the students details about the marks distribution of the CA Intermediate subjects, sections and also the type of exam – subjective or objective.
| Paper | Subject/Section | Marks | Type |
|---|---|---|---|
| Paper 1 | Accounting | (100 Marks) | Descriptive |
| Paper 2 | Corporate Laws and Other Laws | (100 Marks) | 70% Descriptive 30% Objective |
| Corporate Laws | (60 Marks) | ||
| Other Laws | (40 Marks) | ||
| Paper 3 | Cost and Management Accounting | (100 Marks) | Descriptive |
| Paper 4 | Taxation | (100 Marks) | 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 | (100 Marks) | 70% Descriptive 30% Objective |
| Enterprise Information System | (50 Marks) | ||
| Strategic Management | (50 Marks) | ||
| Paper 8 | Financial Management and Economics for Finance | (100 Marks) | Descriptive |
| Financial Management | (60 Marks) | ||
| Economics for Finance | (40 Marks) |
Students can check out complete and detailed Section-Wise Weightage of CA Intermediate Exams.
CA Intermediate Syllabus Updates – Dec 2021
ICAI has made changes in the CA inter syllabus for Dec 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 Dec 2021 examination.
Addition of Topics in the CA Intermediate Syllabus 2021
All the updates which are made by the ICAI for the Dec 2021 exam are mentioned below:
- Accounting topics of paper 1 have been shifted 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.
Check the details about the CA Intermediate Admit Card for Dec 2021 examinations.
Deduction of Topics in the CA Intermediate Syllabus Dec 2021
All the topics which are deducted from the CA Inter Syllabus for Dec 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.
- Parties to notes, Bills and Cheques, Presentment of Negotiable Instruments, Payment & Interest, and Noting & Protest.
This is all about the CA Intermediate syllabus of May 2022 that you need to know. In this article, we you’ve read about the syllabus, and CA Inter subjects in detail, marking scheme, updations in the CA Intermediate Syllabus. CA Intermediate is not an easy exam to crack, so you have to prepare well and give your best.
FAQ
Ques 1. How to download CA Intermediate syllabus 2022 PDF?
Ans. Students can download the CA inter syllabus from the ICAI website. However, we have also mentioned the direct download link to get the updated syllabus.
Ques 2. Is the CA Inter Syllabus lengthy?
Ans. Yes, the syllabus of CA Intermediate is lengthy. However, if students start preparing for the exams early and properly manage their time, then they can easily complete their syllabus. Also, they’ll have enough time to revise and solve mock test papers.
Ques 3. What are the study tips to clear the CA Intermediate Exams?
Ans. All students should make proper notes, follow their time table, revise few times before the exams, and solve mock test papers. Start your preparation early so that you can give each subject sufficient time.
Ques 4. What is the CA Intermediate syllabus of Group 1?
Ans. In the group 1, students will be going to learn about accounting, corporate and other laws, cost and management accounting and taxations.
Ques 5. 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.
Ques 6. What is 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 7. 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.
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