CA Intermediate New Syllabus May 2024 Exams

CA Intermediate New Syllabus applicable for May 2024. Topic wise complete detail of every subjects of of CA Intermediate Course of ICAI.

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


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