CA Intermediate syllabus 2024: The Institute of Chartered Accountants of India (ICAI) has changed and revised the entire syllabus of CA Intermediate course applicable for May 2024 examinations.
The revised new syllabus of CA Intermediate level shall be applicable from May 2024 term of examinations and onwards i.e. May 2024, Nov 2024 and so on. You are eligible to appear in CA Inter May 2024 if you register in CA Intermediate course on or before the last date of registration after passing the entrance level i.e. CA Foundation.
ICAI has uploaded the newly revised syllabus of CA Intermediate on its official website at icai.org under Board of Studies knowledge portal. You may also download study Material applicable for May, 2024 examination onwards.
CA Intermediate New Syllabus Applicable for May 2024 Exams
Download New Syllabus May 2024
ICAI New Syllabus 2023: CA Institute has come with the newly revised Scheme of Education and Training. It is officially announced that the revised syllabus shall be applicable w.e.f. 1st July, 2023. The first exams under new syllabus shall be held in May 2024 term of ICAI exams.
There are total 6 subjects in CA Intermediate course divided into two Groups containing 3 papers in each Group.
CA Inter New Syllabus 2024 Group I Papers:
Group-1 contains syllabus of three papers like Accounts, Law and Tax.
- Paper-1 Advanced Accounting (100 Marks)
- Paper-2 Corporate and Other Laws (100 Marks)
- Part-I: Company Law and LLP Law (70 Marks)
- Part-II: Other Laws (30 Marks)
- Paper-3 Taxation (100 Marks)
- Section-3A: Income-tax Law (50 Marks)
- Section-3B: Indirect Taxes (50 Marks)
CA Inter New Syllabus 2024 Group II Papers:
Group-2 covers syllabus of remaining three subjects like Cost, Audit and FM & SM.
- Paper-4 Cost and Management Accounting (100 Marks)
- Paper-5 Auditing and Ethics (100 Marks)
- Paper-6: Financial Management and Strategic Management (100 Marks)
- Section-6A: Financial Management (50 Marks)
- Section-6B: Strategic Management (50 Marks)
If you want entire syllabus of CA Intermediate course applicable for May 2024 and Nov 2024 examinations, please download syllabus in PDF format from official website of ICAI.
Advanced Accounting – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective
To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities.
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 & Disclosures Based Accounting Standards
- Unit 1: Accounting Standard 1 (AS-1) Disclosure of Accounting Policies
- Unit 2: Accounting Standard 3 (AS-3) Cash Flow Statement
- Unit 3: Accounting Standard 17 (AS-17) Segment Reporting
- Unit 4: Accounting Standard 18 (AS-18) Related Party Disclosures
- Unit 5: Accounting Standard 20 (AS-20) Earnings Per Share
- Unit 6: Accounting Standard 24 (AS-24) Discontinuing Operations
- Unit 7: Accounting Standard 25 (AS-25) Interim Financial Reporting
MODULE 2
Chapter 5: Assets Based Accounting Standards
- Unit 1: Accounting Standard 2 (AS-2) Valuation of Inventory
- Unit 2: Accounting Standard 10 (AS-10) Property, Plant and Equipment
- Unit 3: Accounting Standard 13 (AS-13) Accounting for Investments
- Unit 4: Accounting Standard 16 (AS-16) Borrowing Costs
- Unit 5: Accounting Standard 19 (AS-19) Leases
- Unit 6: Accounting Standard 26 (AS-26) Intangible Assets
- Unit 7: Accounting Standard 28 (AS-28) Impairment of Assets
Chapter 6: Liabilities Based Accounting Standards
- Unit 1: Accounting Standard 15 (AS-15) Employee Benefits
- Unit 2: Accounting Standard 29 (AS-29) (Revised) Provisions, Contingent Liabilities and Contingent Assets
Chapter 7: Accounting Standards Based on Items Impacting Financial Statement
- Unit 1: Accounting Standard 4 (AS-4) Contingencies and Events occurring after the Balance Sheet Date
- Unit 2: Accounting Standard 5 (AS-5) Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
- Unit 3: Accounting Standard 11 (AS-11) The Effects of Changes in Foreign Exchange Rates
- Unit 4: Accounting Standard 22 (AS-22) Accounting for Taxes on Income
Chapter 8: Revenue Based Accounting Standards
- Unit 1: Accounting Standard 7 (AS-7) Construction Contracts
- Unit 2: Accounting Standard 9 (AS-9) Revenue Recognition
Chapter 9: Other Accounting Standards
- Unit 1: Accounting Standard 12 (AS-12) Accounting for Government Grants
- Unit 2: Accounting Standard 14 (AS-14) Accounting for Amalgamations
Chapter 10: Accounting Standards for Consolidated Financial Statement
- Unit 1: Accounting Standard 21 (AS-21) Consolidated Financial Statements
- Unit 2: Accounting Standard 23 (AS-23) Accounting for Investments in Associates in Consolidated Financial Statements
- Unit 3: Accounting Standard 27 (AS-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
- Annexure
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
Corporate and Other Laws – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective: To develop an understanding of the legal provisions and acquire the ability to analyse and apply the laws in practical situations.
PART I – COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW
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
PART II – OTHER LAWS
Chapter 1: The General Clauses Act, 1897
Chapter 2: Interpretation of Statutes
Chapter 3: The Foreign Exchange Management Act, 1999
Taxation – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective: a. To develop an understanding of the provisions of income-tax law.
b. To acquire the ability to apply such provisions to solve problems and address application oriented issues.
Section A: Income-tax Law
MODULE 1
SECTION I
Overview, Scenario, Crossword Puzzle
Chapter 1: Basic Concepts
Chapter 2: Residence and Scope of Total Income
SECTION II
Overview, Scenario, Crossword Puzzle
Chapter 3: 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 2
SECTION III
Overview, Scenario, Crossword Puzzle
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
Overview, Scenario, Crossword Puzzle
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
Overview, Scenario, Crossword Puzzle
Chapter 9: Income Tax Liability – Computation and Optimisation
Section B: Goods and Services Tax
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
Cost and Management Accounting – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective: a. To develop an understanding of the basic concepts and applications to establish the cost associated with the production of products and provision of services and apply the same to determine prices.
b. To develop an understanding of cost accounting statements.
c. To acquire the ability to apply information for cost ascertainment, planning, control and decision making.
d. To apply costing methods to determine the costs for different purposes.
e To apply appropriate techniques to support short term decisions.
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 & Batch Costing
Chapter 9: Job Costing
Chapter 10: Process & 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
Auditing and Ethics – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective: a. To develop an understanding of the concepts in auditing and of the generally accepted auditing procedures, techniques and skills and acquire the ability to apply the same in audit and attestation engagements.
b. To understand and apply the concept of ethics while performing audit.
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
Financial Management and Strategic Management – Syllabus for May 2024
(One paper – Three hours – 100 Marks)
Objective: a. To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.
b. To understand various finance functions like financing decision, investment decision, dividend decision.
c To develop an understanding of working capital management and its component.
Section A: Financial Management
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
Appendix
MODULE 2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: 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
Appendix
Section B: Strategic Management
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