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CA Intermediate Amendments for Nov 2018 Exams

Download CA Intermediate amendments for Nov 2018 examinations as announced by ICAI. Updated notes on Account, Audit, Law, Cost, Tax, EISSM and FMEF.

In this article you will find all amendments and updates related to CA Intermediate Nov 2018 examination. CA Intermediate amendments for Nov 2018. CA Intermediate updated notes for Nov 2018. ICAI officially announces the relevant publications and materials applicable for Nov 2018 exams.

The next examinations of Chartered Accountancy Intermediate course will be held in Nov 2018. CA Intermediate Nov 2018 shall be conducted by ICAI under new syllabus. New Syllabus of CA IPCC are applicable for Nov 2018 examination.

Accordingly, the Institute of Chartered Accountants of India (ICAI) has announced that the following Accounting Standards (Ass), Guidance Notes (GNs), Legislative Amendments and updates applicable for Nov 2018 – Intermediate Examination.

CA Intermediate Nov 2018 Exam Updates for Paper-1: Accounting

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

Applicable AS (Accounting Standards):

ICAI has published the list of Applicable Accounting Standards (AS) applicable in Nov 2018 exams of CA Intermediate course. Following are the notified accounting standards for Nov 2018 exams:

  • 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 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 16: Borrowing Costs
  • AS 17: Segment Reporting
  • AS 22: Accounting for Taxes on Income

Non-Applicability of Ind AS:

The MCA (Ministry of Corporate Affairs) has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of companies. These Ind AS do not form part of the CA Intermediate syllabus and hence are not applicable.

CA Intermediate Nov 2018 Exam Updates for Paper-2: Corporate and Other Laws

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations. Any amendments made in law paper upto 30-04-2018 is applicable for Nov 2018 term of CA Inter exams.

The provisions of Companies Act, 2013 along with significant Rules/ Notifications/ Circulars/ Clarification/
Orders issued by the Ministry of Corporate Affairs and the other laws, as amended by concerned authority,
including significant notifications and circulars issued up to 30th April, 2018, are applicable for Nov, 2018
examination.

CA Intermediate Nov 2018 Exam Updates for Paper-3: Cost and Management Accounting

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

CA Intermediate Nov 2018 Exam Updates for Paper-4: Taxation

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

Section A: Income-tax Law:

Applicability of the Finance Act, Assessment Year etc. for Nov, 2018 Examination. The provisions of income-tax law, as amended by the Finance Act, 2017, including significant circulars and notifications issued and other legislative amendments made upto 30th April, 2018, are applicable for Nov, 2018 examination. The relevant assessment
year for income-tax is A.Y. 2018-19.

Section B: Indirect Taxes:

Applicability of the provisions of GST law for Nov, 2018 Examination. The provisions of CGST Act, 2017 and IGST Act, 2017, including significant circulars and notifications issued and other legislative amendments made upto 30th April, 2018, are applicable for Nov, 2018 examination.

CA Intermediate Nov 2018 Exam Updates for Paper-5: Advanced Accounting

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

List of Applicable Accounting Standards:

ICAI has published the list of Applicable Accounting Standards (AS) applicable in Nov 2018 exams of CA Intermediate course. Following are the notified accounting standards for Nov 2018 exams:

  • AS 7 : Construction Contracts
  • AS 9 : Revenue Recognition
  • AS 14: Accounting for Amalgamations
  • AS 18 : Related Party Disclosures
  • AS 19: Leases
  • AS 20 : Earnings Per Share
  • AS 24 : Discontinuing Operations
  • AS 26 : Intangible Assets
  • AS 29 : Provisions, Contingent Liabilities and Contingent Assets.

List of applicable Guidance Notes issued by ICAI on specified accounting aspects

  1. Guidance Note on Terms Used in Financial Statements.
  2. Guidance Note on Accrual Basis of Accounting.
  3. Guidance Note on Accounting for Corporate Dividend Tax.
  4. Guidance Note on Accounting for Employee Share-base Payments.
  5. Guidance Note on Accounting for Credit Available in Respect of Minimum Alternative Tax under the Income-tax Act, 1961.
  6. Guidance Note on Accounting for Real Estate Transactions (revised 2012)
  7. Guidance Note on Turnover in case of Contractors.
  8. Guidance Note on Schedule III to the Companies Act, 2013.

CA Intermediate Nov 2018 Exam Updates for Paper-6: Auditing and Assurance

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

CA Intermediate Nov 2018 Exam Updates for Paper-7: Enterprise Information Systems & Strategic Management

CA Intermediate course students should note that July 2017 Edition of study material of Paper-1 (Accounting) is applicable for Nov 2018 examinations.

CA Intermediate Nov 2018 Exam Updates for Paper-8: Financial Management & Economics for Finance

CA Intermediate course students should note that July 2017 Edition of study material of Paper-8 (Financial Management & Economics for Finance) is applicable for Nov 2018 examinations.

 

Note: The students who will be converting from CA PCC/IPCC (Old Course) to CA Intermediate (New Course) after 1st August, 2018 will not be eligible to fill the Exam form and appear for CA Intermediate Examinations in November, 2018 under Revised Scheme of Education and Training.

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GIRISH KURSEJA
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GIRISH KURSEJA

ICAI IS PROVIDING 4 ATTEMPTS TO OLD STUDENTS FOR CLEARING THE EXAMS..IF YOU ARE APPEARING IN NOV 2017 THEN YOUR SYLLABUS WILL BE OF OLD ONE UPTO MAY 2019..

rupini
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rupini

Non-trading concerns chapter applicable for nov 2017 exams

poornima tatakala
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poornima tatakala

existing plan says that we have 7subjects and proposed plan updated with 8subjects. If I appeared for group 1 in November 2017 and group 2 in May 2018 how my syllabus will be then?

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