CA INTERMEDIATE Examination Complete Course Guide 2021.

CA INTERMEDIATE COMPLETE COURSE GUIDE —> The second step towards the journey of Chartered Accountancy is clearing the CA Intermediate exams. For this, the eligibility criteria are clearing the examinations at the Foundation level and thereafter, you’re required to register yourself with ICAI for the exams at CA Intermediate level.

Since it is the second step of the ladder, it is known to make students anxious and hence, it is common to feel low and low on motivation but, you shall understand that if you keep your long term vision in your mind, you will automatically get the required push.

Let’s go through some of the other important details related to CA Intermediate exams.

Subjects

This level involves clearing the exams of two groups. There are a total of 8 subjects at the Intermediate level examination and the students are required to pass all the papers with a minimum of 40% marks in each subject to clear the CA Intermediate level.

GROUP-1

Paper- 1 Accounting
Paper-2 Corporate Laws & Other Laws
Paper -3 Cost & Management Accounting
Paper -4 Taxation

GROUP-2

Paper -5 Advance Accounting
Paper -6 Audit & Assurance
Paper -7 Enterprise Information System & Strategic Management
Paper -8 Financial Management & Economics for Finance

Syllabus

ACCOUNTING

Process of formulation of Accounting Standards including Ind AS (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).
Applications of Accounting Standards
Company Accounts
Accounting for Special Transactions
Special Type of Accounting

CORPORATE AND OTHER LAWS

PART I – COMPANY LAW

The Companies Act, 2013 – Sections 1 to 148

PART II– OTHER LAWS (40 MARKS)

The Indian Contract Act, 1872
The Negotiable Instruments Act, 1881
The General Clauses Act, 1897
Interpretation of statutes

COST AND MANAGEMENT ACCOUNTING

Overview of Cost and Management Accounting
Ascertainment of Cost and Cost Accounting System
Methods of Costing
Cost Control and Analysis

TAXATION

SECTION A: INCOME TAX LAW (60 MARKS)

Basic Concepts
Residential status and scope of total income
Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
Heads of income and the provisions governing computation of income under different heads
Income of other persons included in assessor’s total income
Aggregation of income; Set-off, or carry forward and set-off of losses
Deductions from gross total income
Computation of total income and tax liability of individuals
Advance tax, tax deduction at source and introduction to tax collection at source
Provisions for filing return of income and self-assessment

SECTION B – INDIRECT TAXES (40 MARKS)

Concept of indirect taxes
Goods and Services Tax (GST) Laws

ADVANCED ACCOUNTING

Application of Accounting Standards
Special Aspects of Company Accounts
Reorganisation and liquidation of Companies
Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof.
Consolidated Financial Statements
Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

AUDITING AND ASSURANCE

Nature, Objective and Scope of Audit
Audit Strategy, Audit Planning and Audit Programme
Audit Documentation and Audit Evidence
Risk Assessment and Internal Control
Fraud and Responsibilities of the Auditor in this Regard
Audit in an Automated Environment
Audit Sampling
Analytical Procedure
Audit of Items of Financial Statements
The Company Audit
Audit Report
Audit of Banks
Audit of Different Types of Entities

ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT

SECTION A: ENTERPRISE INFORMATION SYSTEMS (50 MARKS)

Automated Business Processes
Financial and Accounting Systems
Information Systems and Its Components
E-Commerce, M-Commerce and Emerging Technologies
Core Banking Systems

SECTION B: STRATEGIC MANAGEMENT (50 MARKS)

Introduction to Strategic Management
Dynamics of Competitive Strategy
Strategic Management Process
Corporate Level Strategies
Business Level Strategies
Functional Level Strategies
Organisation and Strategic Leadership
Strategy Implementation and Control

FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE

SECTION A: FINANCIAL MANAGEMENT (60 MARKS)

Financial Management and Financial Analysis
Financing Decisions
Capital Investment and Dividend Decisions
Management of Working Capital

SECTION B: ECONOMICS FOR FINANCE (MARKS: 40)

Determination of National Income
The Money Market
Public Finance
International Trade

Study Time Period

The students will get a total of 8 months for the preparation of CA Intermediate exams and it is important to understand that you have to stick to your study schedule and put in a lot of efforts to achieve the mark set before you.

Exam Pattern

The CA Intermediate level has a total of 8 papers. Out of which some papers are subjective and some are objective (MCQ based).

How to prepare for CA Intermediate exams?

Follow a proper time-based schedule
Do repeated revisions
Revise from study notes
Practice mock tests
Monitor your progress

CA Intermediate Coaching

It is important to choose your mentors for the journey wisely, especially when you talk about such a reputed yet difficult course like CA. We, at CA Prince Kathuria Classes, have a vision of accelerating the professional careers of as many students as possible and helping them sail through it with ease. Our highly-experienced, in-house faculty make sure to pave an effortless path by bridging the gap between the teachers and the students.

What to do after clearing CA Intermediate exams?

After you clear the CA Intermediate exams, you shall go for Articleship and start preparing for the CA Final exams which consists of two groups. And that is the last step of your journey.

Conclusion:

Until you do whatever is required to achieve your goals, you cannot get close to the final destination. The journey might have a lot of challenges but every time you overcome an obstacle, you get to learn something new and that can act as a source of motivation.
Always remember that to achieve something, you require hunger and not just desire.

Also Read:
How to prepare for CA Intermediate exams? (Subject-wise tips)
How to clear CA Intermediate exams in the first attempt?

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