CA Intermediate Course - A Complete Guide
CA Intermediate examination conducted by The Institute of Chartered Accountants of India (ICAI) for the Chartered Accountancy course
All CA Curriculum in India are overseen by the Institute of Chartered Accountants of India. The Chartered Accountancy Intermediate course is the second level of the CA course. It also serves as a road map for incoming students interested in joining CA through the CA direct entry route. The implementation of Direct Tax, GST, Demonetization, and the organisation of several provinces presented enormous prospects for accountants at this time. Students who pass the CA Foundation Course are qualified to take the CA Intermediate Course and can register on the ICAI website. CA Intermediate registration costs are Rs. 18000 for both groups and Rs. 13000 for a single group, which includes the registration price, student activity charge, and article helper fee.
Students can appear for the CA intermediate exam in two ways: through the Foundation route or through the direct entry route. Students who use the direct entry route can avoid the foundation level exam. Only students who have completed their graduation are eligible for the direct entry route. Students who have graduated or post-graduated from any university with a minimum pass mark of 55 percent are eligible to enrol in CA intermediate. To apply for CA Intermediate, non-commerce graduate students must have a minimum pass mark of 60%.
• Students can register for CA Intermediate online at the ICAI official website.
• Each student was given a unique id and password by ICAI at the time of registration.
• After you log in with your credentials, everything appears on your dashboard.
• Choose CA Intermediate and upload your documents there.
• Document Required for Foundation Route Students:
o You need to submit an attested copy of your 12th board marksheet.
o Most recent coloured photograph.
o If you belong to a specific category, such as SC/ST/OBC, an attested copy is
required.
o If you are not an Indian student, you must attest a copy of your Nationality
• Document Required for Direct Entry Route Students:
o Attested copy of your graduation/post-graduation marksheet
o Most recent coloured photograph.
o If you belong to a specific category, such as SC/ST/OBC, an attested copy is
required.
If you are not an Indian student, you must attest a copy of your Nationality
After the documents are verified, the ICAI will send the study materials within one
month of the form being submitted.
• CA Intermediate registration has a four-year validity period. Students can renew it for
another four years for Rs 400.
The CA Intermediate curriculum is divided into two groups with a total of eight papers (4 in each group). Students can take the exam in either English or Hindi, depending on their preference. The ICAI’s CA Intermediate Course syllabus is as follows:
Paper 1 – Advanced Accounting
Paper 2 – Corporate and Other Laws
Paper 3 – Taxation
Section A – Income-tax Law
Section B – Goods and service Tax
Paper4 – Cost and Management Accounting
Paper 5 – Auditing and Assurance
Paper 6 – Financial Management & Strategic Management
Section A: Financial Management
Section B: Strategic Management
- Students need to fill exam application form from the official website and make the payment.
- Students can apply to either one or both of the groups. The exam fees are Rs. 1500 for a single group and Rs. 2700 for both groups. The ICAI issues the admit card 14 days before the exam. Students must go to the ICAI's official website to obtain their CA intermediate admit card. The ICAI does not send admit cards by post.
- You can also practise with the new CA Intermediate question paper, mock test papers, and revision test papers by clicking on the link below.
https://www.icai.org/post/intermediate-course
Quick Menu
- CA Intermediate – Full Course
- Paper 1 – Advanced Accounting
- Paper 2 – Corporate and Other Laws
- Paper 3: Taxation
- Paper 4: Cost and Management Accounting
- Paper 5 : Auditing and Ethics
- Paper 6: Financial Management and strategic Management
CA Intermediate Course - A Complete Guide
The CA Foundation is an introductory exam for students interested in pursuing the CA Course. ICAI has made strides in identifying the needs and updating the old course to make it more appropriate. The CA Foundation course was previously known as CPT. In comparison to the old syllabus, the new CA foundation syllabus is considered to be more competitive and difficult. For all of the CA course exams, the same tone has been set. CA Foundation exams take place twice a year, in June and December.
After clearing the Class 10th examinations, students can preliminarily register for the CA Foundation course with the ICAI. This provisional admission will only be regularised if the individual passes the Class 12th examinations.
A candidate must fill out the online registration form accessible on the ICAI website to enrol for the CA Foundation Course. The CA Foundation course registration is only valid for three years. It can be revalidated an unlimited number of times for another three years by paying minimal fees set by the council. December/June is the deadline to register for the May/Nov examination sessions.
Paper-1: Advanced Accounting
Paper-2: Corporate and Other Laws
Paper-3: Taxation
Paper-4: Cost and Management Accounting
Paper-5: Auditing and Ethics
Paper-6: Financial Management and Strategic Management
CA Foundation exams are held in May and November. ICAI announces the CA Foundation exam schedule for the May/November term of examination in January/July.
After paying the required examination fees, you can fill out the CA Foundation Exam form on the ICAI website.You can get the admit card for the CA Foundation exam three times from the ICAI website.
Paper-1: Principles and Practice of Accounting and Paper-2: Business Laws and Business Correspondence and Reporting are subjective, consisting of theory and practical questions, whereas Paper-3: Business Mathematics, Logical Reasoning, and Statistics and Paper-4: Business Economics and Business and Commercial Knowledge are objective, consisting of multiple-choice questions.According to the new scheme, a negative marking of 0.25 will remain in the objective papers.
You can also practise with the new CA foundation question paper, mock test papers, and revision test papers by clicking on the link below.
https://www.icai.org/post/foundation-course
Candidates must achieve a minimum of 40% in each paper and a total of 50% in all four papers to pass the CA Foundation exam.
Direct admission for the CA Intermediate is available to commerce graduates with atleast 55% and other graduates with at least 60 % ie, Students having a degree are exempted from the requirement of clearing the CA Foundation
Playlist
GROUP 1
PAPER 1 : ADVANCED ACCOUNTING (100 MARKS)
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
MODULE 2
Chapter 6: Liabilities Based Accounting Standards
Chapter 7: Accounting Standards Based on Items Impacting Financial Statement
Chapter 8: Revenue Based Accounting Standards
Chapter 9: Other Accounting Standards
Chapter 10: Accounting Standards for Consolidated Financial Statement
MODULE 3
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
PAPER 2: CORPORATE AND OTHER LAWS (100 MARKS)
PART I– COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW (70 MARKS)
To develop an understanding of the legal provisions and acquire the ability to analyse and apply the laws inpractical situations.
PART II- OTHER LAWS (30 MARKS)
Objective
- To develop an understanding of the General Clauses Act.
- To develop an understanding of the rules for interpretation of statutes.
- To have basic understanding of the Foreign Exchange Management Act, 1999.
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
Paper 3: Taxation
SECTION A: INCOME TAX LAW (50 MARKS)
Objective
- To develop an understanding of the provisions of income-tax law.
- To acquire the ability to apply such provisions to solve problems and address application oriented issues.
SECTION B: GOODS AND SERVICES TAX (GST)(50 MARKS)
Objective
- To develop an understanding of the provisions of goods and services tax law.
- To acquire the ability to apply such provisions to address/ solve issues in moderately complex scenarios
Section A: Income-tax Law
MODULE 1
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 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
GROUP II
Paper 4: Cost and Management Accounting (100 MARKS)
Objective
- 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.
- To develop an understanding of cost accounting statements.
- To acquire the ability to apply information for cost ascertainment, planning, control and decisionmaking.
- 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
PAPER 5: AUDITING AND ETHICS (100 MARKS)
Objective
- 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.
- 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
PAPER 6: FINANCIAL MANAGEMENT ANDSTRATEGIC MANAGEMENT (100 MARKS)
SECTION A : FINANCIAL MANAGEMENT (50 MARKS)
Objective
- To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.
- To understand various finance functions like financing decision, investment decision, dividend decision.
- To develop an understanding of working capital management and its component.
SECTION B : STRATEGIC MANAGEMENT (50 MARKS)
Objective
To develop an understanding of strategic management concepts and techniques and acquire the ability toapply the same in business situations.
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
MODULE 2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: Management of Working Capital
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
FAQ
Applicants may register through ICAI centralized self- service portal.
CA Intermediate is difficult to clear as it requires subject minimum as well as aggregate minimum. To pass intermediate exam it requires hard work, dedication, proper strategy, and multiple revisions.
Candidates who have qualified CA Foundation exam or who have completed graduation can enroll for the CA Intermediate course.
Student can appear for either both groups or one of the groups. It depends completely on the student based on his preparation and confidence.
Yes. However, it would be more useful if you try mock test series, suggested answers and revision test papers for your exams.
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