CA Syllabus & Subjects PDF 2023 for All Three Levels: Foundation, Inter & Final
Hey CA aspirants, in this article, you’ll know the complete CA syllabus and subjects 2023 for all three levels of CA.
Before getting syllabus, it is necessary to get the overview of the CA course. The CA Course has three levels that are foundation, intermediate and final. All three levels cover Accounting, Direct and Indirect taxes, Auditing, Corporate Law, Financial management and much more at an advanced level.
The CA Foundation Syllabus is the first level and includes 4 subjects similar to what you studied in your 11th and 12th class. But, the CA Inter and Final syllabus is vast and has 8 subjects at each level.
ICAI is the governing body of the CA exams and releases the updated curriculum. We have provided the CA syllabus relevant for the 2023 exams on this page. Students can also download the latest CA Syllabus pdf from this page below.
Table of Content
CA Syllabus 2023 – Course Highlights
Particular | Details |
Course Name | Chartered accountant(CA) |
Minimum eligibility | Foundation: 50% in class 12 Inter: Clear Foundation or graduation with 50% Final: Clear Foundation and Inter with work experience |
Course Levels | Foundation, Inter & Final |
Number of Levels |
|
Difficulty Level | Average to Hard |
CA Course Duration | 5 years |
Conducting Body | ICAI |
CA Admission Process | Entrance Exam |
Course Type | Certificate |
CA Registration Fees | Foundation: INR 9800 Inter: INR 18,000 Final: INR 22,000 |
CA Jobs | Accountant, Financial Manager, Banker, Taxation Consultant, Consultant |
The CA Course structure is as follows:
The ICAI has recently proposed the CA new scheme that might be applicable for the 2023 exams. In the new scheme, ICAI has made significant changes at all levels to make the CA Course at par with International standards.
Chartered Accountant Syllabus and Subjects 2023 PDF
Students can download the Chartered Accountant syllabus pdf for the 2023 exams.
CA Subjects | CA Syllabus PDF |
CA Foundation Syllabus | Download |
CA Inter Syllabus | Download |
CA Final Syllabus | Download |
Students can also check the CA Course fee structure for Foundation, Intermediate and Final.
CA Foundation Syllabus 2023
CA Foundation syllabus includes four subjects. The candidate must have to clear all these four papers to qualify for the exam. The CA foundation syllabus 2023 PDF download is available on ICAI’s official site. The four subjects in the CA syllabus for the Foundation level are:
CA Foundation Subjects | Marks |
---|---|
Principles and Practices of Accounting | 100 Marks |
Business Law & Business Correspondence and Reporting
|
100 Marks |
Business Mathematics and Logical Reasoning & Statistics
|
100 Marks |
Business Economics & Business and Commercial Knowledge | 100 Marks |
Check the complete CA Foundation exam pattern for the 2023 exams.
Paper 1 – Principle and Practice of Accounting
This is a total 100 mark paper. A candidate must have a secure 40% mark to clear this paper. Topics of paper 1.
- Theoretical Framework
- Accounting Process
- Preparation of Trial Balance
- Rectification of Errors etc,
- Bank Reconciliation Statements
- Inventories
- Concepts and Accounting for Depreciation
- Accounting for Special Transactions
- Final Accounts of Sole Proprietors
- Partnership Accounts
- Financial Statements of Not-For Profit Organizations.
- Introduction to the Company Accounts
- Basic Accounting Ratios.
Also Check: CA Foundation Study Material
Paper 2- Business Law, Business Correspondence and Reporting
This paper has two parts. Part 1 comprises Business Law, which carries 60 marks and part 2 comprises Business Correspondence and Reporting, which has to carry 40 marks. Topics of paper 2
Section 1 – Business Law
- The Indian Contract Act, 1872
- The sale of Goods Act, 1930
- The Indian Partnership Act, 1932
- The Limited Liability Partnership Act, 2008
- The Companies Act, 2013
Section 2
Part – 1 Communication
Part -2 Sentence Types and Word Power
- Sentence types (Direct, Indirect, Active-Passive Speech)
- Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes, Phrasal verbs, Collocations & Idioms.
Part -3 Comprehension Passages and Note Making
- Comprehension Passages
- Note Making
Part -4 Developing writing Skills
- Introduction to Basic writing
- Précis Writing
- Article Writing
- Report Writing
- Writing Formal Letters
- Writing Formal Mails
- Resume Writing
- Meetings
Paper 3 – Business Mathematics and Logical Reasoning and Statistics
Paper 3 has three parts, and each part carries distinct marks Topics for paper 3
Section A: Business Mathematics
Topics covered are-
- Ratio and Proportion, Indices and Logarithms
- Equations and Matrices
- Linear Inequalities with Objective Functions and Optimization w.r.t. objective function.
- Time value of Money
- Permutations and Combinations
- Sequence and Series
- Sets, Relations, and Functions
- Basic applications of Differential and Integral calculus
Section B: Logical Reasoning
- Number series, Coding and Decoding and odd man out.
- Direction Tests
- Seating Arrangements
- Blood Relations
- Syllogism.
Section C: Statistics
- Statistical description of Data
- Measures of Central tendency and Dispersion
- Probability
- Theoretical Distributions
- Correlation and Regression
- Index Numbers and Time Series
Paper 4 – Business Economics & Business and Commercial Knowledge
This paper has two parts.topics for paper 4
Section A: Business Economics
Topics covered in this section includes-
- Introduction to Business Economics
- Theory of Demand and Supply
- Theory of Production and Cost
- Price Determination in Different Markets
- Business Cycles
Section B: Business and Commercial Knowledge
Topics covered in this subject are-
- Business and Commercial Knowledge – An Introduction
- Business Environment
- Business Organizations
- Government Policies for Business Growth
- Organizations Facilitating Business
- Common Business Terminologies
VSI Jaipur can help you in completing your syllabus on time and get the best result. So, join the CA Foundation Coaching now for Dec 2022 and May 2023 exams.
.Also Check: CA Foundation Registration for Nov 2023 exams.
Get Updates from VSI Jaipur
Hey CA aspirants, if you want the VSI admission details, crucial updates about the CA courses, or the VSI expert-made mock test papers, then fill out the form below.
CA Intermediate Syllabus 2023
The CA Intermediate syllabus carries 8 subjects. This level is divided into 2 groups. In the first group of the exam a candidate faces 4 papers and in the second group also faces 4 papers. To face the final terms , CA candidates must clear the intermediate level. As per the CA syllabus ICAI a student gets an 8-month duration to complete all these subjects.
Paper | CA Intermediate Subjects | Marks |
---|---|---|
Paper 1 | Accounting | 100 Marks |
Paper 2 | Corporate Laws & Other Laws
|
100 Marks |
Paper 3 | Cost and Management Accounting | 100 Marks |
Paper 4 | Taxation
|
100 Marks |
Paper 5 | Advanced Accounting | 100 Marks |
Paper 6 | Auditing and Assurance | 100 Marks |
Paper 7 | Enterprise Information System & Strategic Management
|
100 Marks |
Paper 8 | Financial Management & Economics for Finance
|
100 Marks |
Paper 1 – Accounting
This paper comprises of 100 marks. And a student gets 3 hours to complete this paper. The candidate must have secured a 40% mark for this paper.
Topics covered in this Subject are-
- 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)
- Application of Accounting Standards
- Company Accounts
- Accounting for Special Transactions
- Special Type of Accounting
- Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.
Paper 2 – Corporate and Other Laws
This paper has 2 parts. One is company law, and another is other laws. These 2 parts carry 50 marks each.
SECTION – A Company Law
Topics covered in this Section are –
- Preliminary
- 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
Note- Students shall also note that sections of Companies Act, 1956 which are still in force will form part of your syllabus.
SECTION – B Other Laws
Laws covered in this section are –
- The Indian Contract Act, 1872
- The Negotiable Instruments Act, 1881
- The General Clauses Act, 1897
- Interpretation of Statutes.
Paper 3- Cost and management accounting
This paper also consists of 100 marks.
Topics covered under cost and management accounting are-
- Overview of Cost and Management Accounting
- Introduction to the Cost and Management Accounting.
- Elements of cost and preparation of cost sheets.
- Ascertainment of Cost and Cost Accounting System.
- Material Cost
- Employee Cost
- Direct Expenses
- Overheads
- Concept of ABC analysis
- Recording and Accounting of Costs
- Methods of Costing –
- Single Output/ Unit Costing
- Job Costing
- Batch Costing
- Process / Operation Costing
- Costing of Service Sectors
- Cost Control and Analysis
- Standard Costing
- Marginal Costing
- Budget and Budgetary control.
Paper 4- Taxation
This paper is divided into two sections. In section one income tax law has 50 marks and in section two indirect taxes have 50 marks also.
SECTION – A Income Tax
This section covers topic like-
- Basic concepts
- Residential status and scope of total income
- Income which do not form part of the total income
- Heads of Income and computation of Income under various heads-
- Salaries
- Income from House Property
- Income from Business and Profession
- Capital Gains
- Income from other sources
- Income of other person’s included in assessee’s total income
- Aggregation of Income, Set off or Carry forward and set off of losses.
- Deduction from the 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
Topics covered under this head are-
- Concept of indirect taxes
- Concept and features of indirect taxes
- Principal indirect taxes
- Goods and Services Tax (GST) Laws
- GST Laws: An introduction including Constitutional aspects
- Levy and collection of CGST and IGST
- Application of CGST / IGST law
- Concept of supply including composite and mixed supplies
- Charge of tax
- Exemption from tax
- Composition levy
iii. Basic concepts of time and value of supply
- Input tax credit
- Computation of GST liability
- Registration
vii. Tax invoice; Credit and Debit Notes; Electronic way bill
viii. Returns
- Payment of tax including reverse charge
This is the entire syllabus of Group – 1 in Intermediate.
In group two of CA intermediate 4 papers are available. These are follows
Paper 5- Advanced accounting
This paper consists of 100 marks. A candidate should have to secure 40% to clear the paper.
Topics Covered by this Subject are-
- Application of Accounting Standards. (AS – 7,9,14,18,19,20,24,26,29)
- Application of Guidance Notes issued by the ICAI on specific accounting aspects.
- Special aspects of Company Accounts.
- Reorganization of Companies.
- Financial Reporting of Banking, Financial Services and Insurance.
- Valuation of Goodwill.
- Consolidated Financial Statements.
Paper 6 – Auditing and Assurance
This is the paper on auditing. In this paper, students face 100 marks of exams in 3 hours.
Topics covered in this subject are as follows –
- Nature, Objective, and Scope of Audit.
- Auditing Concepts.
- Standard Setting Process.
- Engagement Standards
- Audit Strategy, Audit Planning, and Audit Programme.
- Audit Documentation and Audit Evidence
- Risk Assessment and Internal Control.
- Fraud and Responsibilities of an Auditor in this regard.
- Audit in an Automated Environment.
- Audit Sampling.
- Analytical Procedures.
- 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
This paper is divided into two sections one is enterprise information system and another is strategic management. These two sections carry 100 marks.
SECTION – A Enterprise Information Systems
Topics covered in the above section are as follows –
- 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
Topics covered by this section are as follows-
- 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
This paper also has two sections. One is financial management and another is Economics for Finance. This paper carries 100 marks also.
SECTION – A Financial Management
Topics covered under this section are –
- Financial Management and Financial Analysis.
- Introduction to the Financial Management Functions
- Financial Analysis through Ratios
- Financing Decisions
- Sources of Finance
- Lease Financing
- Cost of Capital
- Capital Structure Decisions
- Leverages
- Capital Investment and Dividend Decisions
- Capital Investment Decisions
- Adjustment of Risk and Uncertainty in Capital Budgeting Decision
- Dividend Decisions
- Management of Working Capital
This are the topics which you will study in depth under this section.
SECTION – B Economics for Finance
Topics covered under this section are as follows-
- Determination of National Income
- Public Finance
- The Money Market
- The International Trade
This is the entire course at Intermediate Level of CA Course.
The CA intermediate exam consists of 800 marks for the entire subject. This level of CA is difficult. So students have to put much attention to this level of exam.
Check the complete CA Intermediate study material and CA Intermediate Papers for the May 2023 exams.
CA Final Syllabus 2023
The ICAI provides the CA course syllabus to know about the subjects and topics for the exam. CA final exam is the last step towards Chartered Accountancy. If a candidate wishes to be a professional CA then he/she must have face all these three levels of exam. The final level exam of CA consists of 8 subjects. ICAI conducts this exam in two groups.
Paper | CA Final Subjects | Marks |
---|---|---|
Paper 1 | Financial Reporting | 100 Marks |
Paper 2 | Strategic Financial Management | 100 Marks |
Paper 3 | Advanced Auditing and Professional Ethics | 100 Marks |
Paper 4 | Corporate Laws and other Economic Laws | 100 Marks |
Paper 5 | Strategic Cost Management and Performance Evaluation | 100 Marks |
Paper 6 | Elective Paper | 100 Marks |
Paper 7 | Direct Tax Laws | 100 Marks |
Paper 8 | Indirect Tax Laws | 100 Marks |
Paper 1: Financial Reporting
This paper carries 100 marks. And it takes 3 hours to complete the exam.
Topics covered in this subject at the Final level are-
- Application of Existing Accounting Standards (AS 15,21,23,25,27,28)
(you will also be required to apply other accounting standards if applicable in other questions).
- Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects.
- Framework for the preparation and presentation of Financial Statements.
- Application of Indian Accounting Standards (IND AS).
- Consolidated and Separate Financial Statements (as per IND AS)
- Application of Industry-specific and Transaction-specific Indian Accounting Standards.
- Business Combinations and Accounting for Corporate Restructuring/ Demerger (As per IND AS).
- Accounting and Reporting of Financial Instruments (As per IND AS).
- Accounting for Share-Based Payments.(As per IND AS)
- Analysis of Financial Statements.
- Accounting for Carbon Credits
- Accounting for E-Commerce
- Emerging trends in Reporting.
Paper 2: Strategic Financial Management
This paper also carries 100 marks.
Topics covered under this subject are as follows –
- Financial Policy and Corporate Strategy.
- Indian Financial System.
- Risk Management.
- Security Analysis.
- Security Valuation
- Portfolio Management.
- Securitization
- Mutual Funds
- Derivatives Analysis and Valuation.
- Foreign Exchange Exposure and Risk Management.
- International Financial Management.
- Interest Rate Risk Management
- Corporate Valuation
- Mergers, Acquisition and Corporate Restructuring.
- International Financial Center (IFC).
- Startup Finance
- Small and Medium Enterprises
Paper 3: Advanced Auditing and Professional Ethics
This paper also carries 100 marks.
Topics Covered in this Subject are as follows-
- Auditing Standards, Statements and Guidance Notes
- Audit Planning, Strategy and Execution.
- Risk Assessment and Internal Control.
- Special Aspects of Auditing in an Automated Environment.
- Audit of Limited Companies.
- Audit Reports.
- Audit Reports and Certificates for Special Purpose Engagements.
- Audit Committee and Corporate Governance.
- Audit of Consolidated Financial Statements.
- Special Features of audit of Banks, Insurance and Non Banking Financial Companies.
- Audit under Fiscal Laws.
- Special Audit Assignments.
- Audit of Public Sector Undertakings.
- Liabilities of Auditors.
- Internal Audit, Management and Operational Audit.
- Due Diligence, Investigation and Forensic Audit.
- Peer Review and Quality Review.
- Professional Ethics.
Paper 4: Corporate and Economic Laws
This paper has two parts. One is corporate law and another is economic law. These two parts carry 100 marks.
PART – 1 CORPORATE LAWS
This is further divided into two section one is Company Law and the other one is Securities Law.
SECTION – A Company Law
The objective behind this subject is to acquire the ability to analyse, interpret and apply the provisions of Company Law in practical situations.
Topics Covered under Company Law are as follows –
Companies Act, 2013
- Appointment and Qualification of Directors.
- Appointment and Remuneration of Managerial Personnel.
- Meetings of Board and its Powers.
- Inspection, Inquiry and Investigation.
- Compromises, Amalgamations and Arrangements.
- Prevention of Oppression and Mismanagement.
- Winding Up.
- Producer Companies.
- Companies incorporated outside India.
- Miscellaneous Provisions.
- Compounding of Offences, Adjudication and Special Courts.
- National Company Law Tribunal and Appellate Tribunal.
Corporate Secretarial Practice
Drafting notices, Resolutions, Minutes.
Note – The students should also note that the provisions of Companies Act, 1956 which are still in force would form part of your syllabus till their corresponding sections are not enforced in the Companies Act, 2013.
SECTION – B Securities Law
The objective behind this section is to acquire the ability to analyse the significant provisions of select securities laws.
Topics covered under this head are as follows-
- The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
- The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.
PART – 2 ECONOMIC LAWS
Topics covered in this part are –
- The Foreign Exchange Management Act, 1999.
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
- The Prevention of Money Laundering Act, 2002.
- Foreign Contribution Regulation Act, 2010.
- The Arbitration and Conciliation Act, 1996.
- The Insolvency and Bankruptcy Code, 2016.
Paper 5: Strategic Cost Management and Performance Evaluation
This is the paper on auditing. In this paper, students face 100 marks of exams in 3 hours.
The subject is divided into three categories-
- Strategic Cost Management and Decision Making.
- Strategic Cost Management
- Strategic Decision Making
- Performance Evaluation and Control.
- Performance Evaluation and Reporting.
- Managerial Control.
- Case Studies (Covering course Concepts)
PART – 1 STRATEGIC COST MANAGEMENT AND DECISION MAKING
SECTION – A Strategic Cost Management
Topics covered by the above section are –
- Introduction to Strategic Cost Management.
- Modern Business Environment.
- Learn System and Innovation.
- Cost Management Techniques.
- Cost Management for Specific Sectors.
SECTION – B Strategic Decision Making
- Decision Making
- Pricing Strategies / Decisions
PART – 2 PERFORMANCE EVALUATION AND CONTROL
SECTION – A Performance Evaluation and Reporting
- Performance Measurement and Evaluation
- Divisional Transfer Pricing
- Strategic Analysis of Operating Income.
SECTION – B Managerial Control
- Budgetary Control
- Standard Costing
SECTION – C Case Studies
It covers the Course Concepts
Note- Apart from the above topics application of the following Quantitative Techniques are required to be studied to linkage to course concepts –
- Linear Programming
- Learning Curve / Experience Curve.
Paper 6: Elective Paper
This is an elective paper. So candidate can select one of the under elective papers
6A Risk Management, 6B Financial Services, and Capital Markets, 6C International Taxation, 6D Economic Laws, 6E Global Financial Reporting Standards, 6F Multi-disciplinary Case Study
PAPER – 6A RISK MANAGEMENT
The objective behind introducing this subject in CA Curriculum is gain an understanding of the risk faced by the businesses and to learn techniques of managing such risks.
To build capability for applying such learning to address risk related issues in real business scenarios.
Topics Covered –
- Introduction to Risk
- Source and Evaluation of Risks.
- Risk Management.
- Quantitative Analysis
- Risk Model
- Credit Risk Measurement and Management.
- Risk Associated with the Corporate Governance.
- Enterprise Risk Management.
- Operational Risk Management.
Following topics covered in SFM and LAW will also form part of this syllabus –
- Risk Management in Investment Decisions.
- Foreign Exchange Risk.
- Interest Rate Risk.
PAPER – 6B FINANCIAL SERVICES AND CAPITAL MARKETS
OBJECTIVE
To gain knowledge of Financial Services rendered by Intermediaries and Banks and their role and activities in the Financial Market in general and Capital Market in particular and also to apply such knowledge in practical scenarios.
Topics covered by this subject are as follows –
- Global Financial Markets
- Impact of Various policies of Financial Markets
- Capital Market – Primary
- Capital Market – Secondary
- Money Market
- Institutions and Intermediaries
- Commodity Market
- A. Banking Management
- Banking as a source of capital including NBFC’s
- Mutual Funds
- Private Equity
- Investment Banking
- Credit Rating
- Treasury Operations
- Risk Management
- Credit Derivatives
- SEBI Guidelines
Following topics which are covered in SFM and LAW will also form part of the syllabus-
- Securitization
- Fixed Income Securities (Valuation of Bonds/ Debentures)
- Derivatives
- Interest Rate Risk
- The Securities and Exchange Board of India Act, 1992
- Legislative framework on listing agreements
- The Securities Contract (Regulation) Act, 1956
- Chapter III-D of the RBI Act, 1934
PAPER – 6C INTERNATIONAL TAXATION
OBJECTIVE
The Objective behind introducing this subject in CA Course is to develop an understanding of the concepts, principles and provisions of International Taxation and to apply such concepts and knowledge in preparing Computation and address in practical scenarios.
Further it is divided into two sections-
- Taxation of International Transactions and Non- Resident Taxation in India
- Other aspects of International Taxation
SECTION – A Taxation of International Transactions and Non- Resident Taxation in India
Topics covered in this subject are as follows –
- Transfer Pricing Provisions under the INCOME TAX Act, 1961.
- Arm’s Length Price
- International Transactions
iii. Most Appropriate Method
- Functions, Assets and Risk Analysis
- Documentation & Compliances
- Specific Reporting Regime in respect of Country by Country reporting and master file
vii. Advance Pricing Agreements
- Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
- Non-resident Taxation (including Source Rule of Taxation)
- Double Taxation Relief
iii. Advance Rulings
- Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.
SECTION – B Other Aspects of International Transaction
The topics covered by this topics are as follows –
- Overview of Model Tax Conventions.
- OECD Model Tax Convention
- UN Model Tax Convention
iii. US Model Tax Convention
- Tax treaties, Application, and Interpretation
- Features of Tax treaties
- Overview of Tax Information Exchange Agreements
iii. Commentaries and their importance
- Role of Vienna Convention in application and interpretation of tax treaties
- Anti Avoidance Measures
- Controlled Foreign Corporations
- Base Erosion and Profit Shifting
iii. Other Anti Avoidance Measures
- Taxation of E-Commerce Transactions
- Introduction
- Emerging issues
iii. Equalisation levy
Note – The students may note that the transfer pricing part in PART – 1 will carry 30 marks.
PAPER – 6D ECONOMICS LAWS
OBJECTIVE
To develop an understanding of the provisions of different economic laws and acquire the ability to apply such knowledge to address issues in practical case scenarios.
Topics covered under this subject are as follows –
- World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
- Competition Act, 2002 and Rules/ Regulations
- Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
- Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
- Prevention of Money Laundering Act, 2002 and Rules/ Regulations
- Foreign Exchange Management Act, 1999 and Rules/ Regulations
- Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations
PAPER – 6E GLOBAL FINANCIAL REPORTING STANDARDS
OBJECTIVE
- To develop an understanding of the key concepts and principles of International Financial Reporting Standards and to acquire the ability to apply such knowledge to make computations and address issues in practical case scenarios.
- To develop an understanding of the significant differences between IFRS and US GAAPs and apply the same in practical case scenarios.
Topics Covered –
- Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
- Application of International Financial Reporting Standards – 70 Marks
- Significant differences between IFRS and US GAAPs – 20 Marks
PAPER – 6F MULTI-DISCIPLINARY CASE STUDY
OBJECTIVE
To analyze and integrate the concepts, principles and provisions of accounting, auditing, taxation, corporate laws, finance and business strategy and management to address issues in practical case scenarios
Topics covered –
This paper will include Case Studies covering the following areas.
- Financial Accounting and Reporting
- Audit and Assurance
- Taxation
- Finance and Financial Management
- Management Accounting
- Corporate Laws
- Business Strategy and Management
Paper 7: Direct Tax Laws & International Taxation
This paper is divided into two parts. One is Direct tax laws and another is International taxation.
SECTION – A Direct Taxation
OBJECTIVE
To acquire the ability to analyze and interpret the provisions of direct tax laws and recommend solutions to practical problems.
Topics Covered –
Law and Procedures under the Income-tax Act, 1961
- Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates and reliefs
- Special provisions relating to companies and certain persons other than a company
- Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
- Tax Planning, Tax Avoidance & Tax Evasion
- Collection & Recovery of Tax, Refunds
- Income-tax Authorities, Procedure for assessment, Appeals and Revision
- Settlement of Tax Cases, Penalties, Offences & Prosecution
- Liability in Special Cases
- Miscellaneous Provisions and Other Provisions
SECTION – B International Taxation
OBJECTIVE
To develop an understanding of the concepts, principles and provisions of International Taxation and acquire the ability to apply such knowledge to make computations and to address application oriented issues .
Topics Covered –
- Taxation of international transactions and Non-resident taxation
- The provisions under the Income-tax Act, 1961, including
- Specific provisions relating to Non-residents
- Double Taxation Relief
- Transfer Pricing & Other Anti-Avoidance Measures
- Advance Rulings
- Equalization levy
- Overview of Model Tax Conventions – OECD & UN
- Application and interpretation of Tax Treaties
- Fundamentals of Base Erosion and Profit Shifting
Paper 8: Indirect Tax Laws
This paper is also divided into two parts one is goods and services taxes and another is customs and FTP.
Section – A: Goods and Service Tax
OBJECTIVE
To acquire the ability to analyze and interpret the provisions of goods and services tax law and recommend solutions to practical problems.
Topics Covered –
- Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017
- Constitutional aspects
- Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy
iii. Place of supply
- Time and Value of supply
- Input tax credit
- Computation of GST liability
vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work
viii. Provisions relating to electronic commerce
- Liability to pay in certain cases
- Administration of GST; Assessment and Audit
- Inspection, Search, Seizure and Arrest
xii. Demand and Recovery
xiii. Offences and Penalties
xiv. Advance Ruling
- Appeals and Revision
xvi. Other provisions
Section – B: Customs & FTP
OBJECTIVE
- To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.
Topics Covered –
- Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
- Introduction to customs law including Constitutional aspects
- Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable
the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty
iii. Types of customs duties
- Classification and valuation of imported and export goods
- Officers of Customs; Appointment of customs ports, airports etc.
- Import and Export Procedures – All import and export procedures including special procedures relating to
baggage, goods imported or exported by post, stores
vii. Provisions relating to coastal goods and vessels carrying coastal goods
viii. Warehousing
- Drawback
- Demand and Recovery; Refund
- Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
xii. Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution
xiii. Appeals and Revision; Advance Rulings; Settlement Commission
xiv. Other provisions
- Foreign Trade Policy to the extent relevant to the indirect tax laws
- Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of
FTP and other related provisions
- Basic concepts relating to import and export of goods
iii. Basic concepts relating to export promotion schemes provided under FTP
Must Check: CA Final Study Material and CA Final Question Papers
This is the whole syllabus of the Chartered Accountancy Course. You can check more details about CA exams from the detailed guide.
All these papers of the final exam consist of 800 marks. A student must have to secure a 40% mark to clear all the papers in CA final result. CA syllabus 2023 PDF is available on the official site of ICAI where you know detail about each subject.
Also check: CA vs CMA
Books for CA Subjects
There are a variety of study materials accessible in both online and offline formats for preparing for the various levels of the CA exam. Some of the greatest and most highly recommended books by CA-qualified candidates for various CA exams are listed below.
CA Foundation
- CA foundation Scanner Cum Compiler By – Manmeet Kaur
- CA foundation Scanner Cum Compiler By – Dr. S.K. Agrawal
- General Economics – S.K. Agrawal
- Grewals Accounting
- Business Economics and Business and Commercial Knowledge Study Material for CA Foundation
- Business Mathematics and Logical Reasoning Statistics Study Material for CA Foundation
- Business Law and Business Correspondence and Reporting Study Material for CA Foundation
- Quantitative Aptitude by Dr. T.Padma
- Mercantile Law by – M.C. Kuchhal and Vivek Kucchal
CA Intermediate
- Simplified Approach to Financial Management and Economics for Finance-Theory by CA K. Hariharan
- Handbook on Taxation: For CA Inter /IPCC Old and New Syllabus by G Sekar and B Saravana Prasath
- How To Pass CA Exams by CA Rajat Mohan
- Students’ Guide To Income Tax Including GST by Dr Vinod K. Singhania and Dr Monica Singhania
- Taxman’s Students’ Guide to Accounting Standards – Including Introduction of Ind AS by DS Rawat
- Padhuka’s Students’ Guide For Enterprise Information Systems & Strategic Management by B. Saravana Prasath G. Sekar
- Shuchita Prakashan Scanner CA Inter on Corporate And Other Laws
CA Final
- Financial Reporting by CA Praveen Sharma
- Strategic Financial Management by CA Nikhil Jobanputra
- Advanced Auditing and Professional Ethics by CA Abbas Unjhawala
- Corporate and Economic Laws by CA Kaushik Mukesh
- Strategic Cost Management and Performance Evaluation by CA Sankalp Kanstiya
- Global Financial Reporting Standards by CA Arpita S Tulsyan
- Direct Tax Laws and International Taxation by CA R Sowmyanarayanan
- Indirect Tax Laws by CA Praveen Jain
References & Sources
This detailed guide on the Chartered Accountancy syllabus is written and reviewed by the VSI Jaipur team. Here are the references and sources that we considered;
FAQs
Ques 1. How many levels of the exam are there for CA?
There are three levels of CA exams conducted by ICAI that are Foundation level, Intermediate level, and Final level. After completing these levels one will get the certificate of Chartered accountant.
Ques 2. What is the syllabus of the CA Foundation Course?
The syllabus of the CA Foundation course includes Principles and Practice of Accounting, Business Laws & Correspondence and Reporting, Mathematics, Logical Reasoning and Statistics and Business Economics and Commercial Knowledge.
Ques 3. What is the syllabus of the CA Intermediate Course?
The CA syllabus for the ICAI Intermediate level consists of Accounting, Business Laws, Ethics and Communication, Cost Accounting and Financial Management, Taxation, Advanced Accounting, Auditing and Assurance, Information Technology and Strategic Management and Financial Management, and Economics for Finance.
Ques 4. What is the syllabus of the CA Final Course?
The ICAI CA syllabus for the Final level consists of Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, Multidisciplinary Case Study, Direct Tax Laws, and International Taxation and Indirect Tax Laws.
Ques 5. How many subjects are there in CA?
There are a total of 20 subjects in the CA Course. The CA Foundation has 4 subjects, and CA Intermediate and Final have 8 subjects each.
Ques 6. Has ICAI made any changes to the Chartered Accountancy syllabus of 2022?
No, the ICAI hasn’t changed the syllabus. However, students must be aware of the latest amendments.
Ques 7. What happens if one fails the CA final exam?
If a candidate of CA fails the final exam, then he/she gets the chance to attend the exam in the next phase. In this phase, they only face the final exam paper, not the previous exam papers. There is no problem if an aspirant clears the final exam after many attempts.
Ques 8. What is the pass mark for CA intermediate papers?
A student has to secure an overall 50% in all subjects or 40 out of 100 in each subject to clear CA intermediate papers. According to the CA syllabus, students have to attend the entire 800-mark exam to qualify for this level.
Ques 9. Can I pursue the CA course without maths?
Yes, students who don’t have maths can pursue the CA course. Maths is only there at the Foundation level. However, students need to have a good command over calculations as they have to solve large problems.
Ques 10. Is CA a difficult course?
Yes, CA is a difficult course to clear. The CA syllabus is vast and includes various complex topics that students find hard to study.
Ques 11. Which subject is challenging in CA?
At VSI, we have taught thousands of students and analysed their performance. So, based on our experience, auditing, advanced accounting, taxation, and costing are harder subjects for students. However, students having a learning mindset can clear them.
Ques 12. Are Calculators allowed in CA exams?
Yes, Calculators are allowed for students in CA exams, but these are battery operated and have only just 6 functions with 12 digits for two memories.
Ques 13. What is the maximum time allotted to the students during CA exams?
Students are provided with 2 hours to solve CA papers.
Ques 14. What is the eligibility for CA?
Candidates must have completed their 10th and 10+2 from any recognized Board with a minimum aggregate of 50% marks in any stream, preferably Commerce. Furthermore, there is no age restriction to apply for the CA foundation course.