CA Intermediate Advanced Accounting weightage 2024: The Institute of Chartered Accountants of India (ICAI) has issued updated and revised Section-wise Weightage for CA Intermediate Paper-1 Advanced Accounting applicable for September 2024 and subsequent exams till further changes are made.
Chapter wise marks distribution for CA Intermediate Sept 2024. Weightage of Marks for CA Intermediate Paper-1 Advanced Accounting. ICAI published skill-wise and section wise weightage for Advanced Accounting subject of CA Intermediate course.
The Board of Studies (BoS) of the Institute of Chartered Accountant of India (ICAI) has now assigned weightage of marks to various sections of Paper-1 subject. This facility would help students to plan their studies in a structured manner for the coming ICAI Advanced Accounting examinations.
Accordingly, each subject has been divided into various topics and topics have been grouped into sections and weightage range has been assigned to these sections. The question paper-1 would take into consideration the weightage range assigned to different sections.
Here is the weightage of marks for CA Intermediate subject Paper 1 i.e. Advanced Accounting. Following are the detail chapter wise and section wise weightage of marks assigned to Advanced Accounting paper. This analysis will be applicable for CA Intermediate course examination to be held in September 2024 onwards under New Scheme of Education and Training.
CA Intermediate Paper-1 Section wise Weightage
| Section No. | Weightage |
|---|---|
| Section-I: | 55% – 65% |
| Section-II: | 30% – 35% |
| Section-III: | 5% – 10% |
CA Intermediate Paper-1 Chapter-wise Weightage
| Chapter Name | Weightage |
|---|---|
| Chapter 1: Introduction to Accounting Standards | 0-5 Marks |
| Chapter 2: Framework for Preparation and Presentation of Financial Statements | 0-5 Marks |
| Chapter 3: Applicability of Accounting Standards | 0-8 Marks |
| Chapter 4: Presentation & Disclosures Based Accounting Standards [AS-1, AS-3, AS-17, AS-18, AS-20, AS-24, AS-25] | 15-25 Marks |
| Chapter 5: Assets Based Accounting Standards [AS-2, AS-10, AS-13, AS-16, AS-19, AS-26, AS-28] | 15-25 Marks |
| Chapter 6: Liabilities Based Accounting Standards [AS-15, AS-29] | 8-15 Marks |
| Chapter 7: Accounting Standards Based on Items Impacting Financial Statement [AS-4, AS-5, AS-11, AS-22] | 8-12 Marks |
| Chapter 8: Revenue Based Accounting Standards [AS-7, AS-9] | 5-12 Marks |
| Chapter 9: Other Accounting Standards [AS-12, AS-14] | 5-15 Marks |
| Chapter 10: Accounting Standards for Consolidated Financial Statement [AS-21, AS-23, AS-27] | 15-35 Marks |
| Chapter 11: Financial Statements of Companies | 8-20 Marks |
| Chapter 12: Buyback of Securities | 8-15 Marks |
| Chapter 13: Amalgamation of Companies | 5-15 Marks |
| Chapter 14: Accounting for Reconstruction of Companies | 8-12 Marks |
| Chapter 15: Accounting for Branches including Foreign Branches | 5-10 Marks |
CA Intermediate Weightage of Marks for Advanced Accounting
Section-I (Weightage 55%-65%) i.e. 55-65 Marks
Process of formulation of Accounting Standards including Indian Accounting Standards (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).
Applicability of Accounting Standards to various entities.
Application of Accounting Standards:
- AS 1: Disclosure of Accounting Policies
- AS 2: Valuation of Inventories
- AS 3: Cash Flow Statements
- AS 4: Contingencies and Events Occurring After the Balance Sheet Date
- AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
- AS 7: Construction Contracts
- AS 9: Revenue Recognition
- 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 14: Accounting for Amalgamations (excluding intercompany holdings)
- AS 15: Employee Benefits
- AS 16: Borrowing Costs
- AS 17: Segment Reporting
- AS 18: Related Party Disclosures
- AS 19: Leases
- AS 20: Earnings Per Share
- AS 21: Consolidated Financial Statements of single subsidiaries (excluding problems involving acquisition of Interest in Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary and Foreign Subsidiaries).
- AS 22: Accounting for Taxes on Income
- AS 23: Accounting for Investment in Associates in Consolidated Financial Statements
- AS 24: Discontinuing Operations
- AS 25: Interim Financial Reporting
- AS 26: Intangible Assets
- AS 27: Financial Reporting of Interests in Joint Ventures
- AS 28: Impairment of Assets
- AS 29: Provisions, Contingent Liabilities and Contingent Assets
Section-II (Weightage 30%-35%) i.e. 30-35 Marks
Company Accounts:
(i) Schedule III to the Companies Act, 2013 (Division I)
(ii) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement
(iii) Buy back of securities
(iv) Accounting for reconstruction of companies.
Section-III (Weightage 5%-10%) i.e. 5-10 Marks
Accounting for Branches including foreign branches.