2024 CA Inter New Syllabus Overview: The Institute of Chartered Accountants of India (ICAI) has announced modifications to the CA Intermediate curriculum as part of its revamped educational and training initiative, effective from July 1, 2023. The inaugural CA Intermediate test under this updated curriculum is slated for May 2024.
Nevertheless, the final examination under the current curriculum will be conducted in November 2023. For those pursuing a Chartered Accountant (CA) career, it’s essential to be updated about these curriculum shifts.
It’s advisable to familiarize yourself with the 2024 CA Inter New Syllabus, as exams from next year will adhere to this updated format. To grasp the full scope of the ICAI CA Intermediate curriculum for 2024, encompassing all papers and subjects, consider delving into the entire article.
CA Inter New Syllabus 2024
The ICAI has unveiled modifications to the CA Intermediate syllabus for the exams slated for May 2024. These revisions encompass the introduction of fresh subjects and a decrease in certain current ones. It’s vital for CA candidates to be aware of these adjustments to ensure their studies are on track.
Here are the newly added topics to the CA Inter New Syllabus for the Nov 2023 assessments:
- Advanced accounting topics have been moved from Paper 1 to Paper 5.
- The curriculum now covers the dissolution of Partnership firms, emphasizing the piecemeal distribution of assets. It also addresses the transformation of a partnership firm into a company, its sale to a company, and accounting concerns linked to limited liability partnerships.
Conversely, these topics have been removed from the CA Inter New Syllabus for the examinations in May 2023:
- Share and debenture underwriting.
- Calculating the worth of goodwill.
- Implementation of Guidance Notes given by the ICAI on certain accounting facets.
- Reporting financial details of insurance firms and mutual funds, including related regulatory stipulations.
- Details about parties involved in notes, bills, and cheques, their presentation, payments, interest calculations, as well as noting and protest procedures.
CA Inter New Syllabus 2023
Click here to obtain the CA Inter New Syllabus PDF for November 2023. We advise securing the CA Intermediate Study Material PDFs to jumpstart your studies. Maximize your study sessions by focusing on intermediate-level content. Strive to ace the exams on your first try with continuous dedication and efficient study methods. Delay no more – get your hands on the CA Intermediate Syllabus PDF and embark on your journey to achievement.
2023 ICAI CA Intermediate Course
Paper-1: Financial Record-Keeping:
The 2023 CA Inter New Syllabus Accounts is divided into six distinct sections, each of which students must diligently understand. Below is a summary of Paper 1 of the CA Intermediate Syllabus 2023, emphasizing Accounting.
Purpose: The primary goal of this segment is for students to attain proficiency in the application of accounting norms and rules across various transactions and situations. Additionally, it seeks to refine its capabilities in creating and showcasing precise financial reports for enterprises. With a thorough understanding of this curriculum, students are better equipped to manage accounting responsibilities efficiently and present financial data accurately.
| Contents | Topics |
| Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs. | |
| Framework for Preparation and Presentation of Financial Statements | |
| Applications of Accounting Standards |
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| Company Accounts |
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| Accounting for Special Transactions |
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| Special Type of Accounting |
|
Paper-2: Business and Additional Regulations:
Below is the extensive CA Inter New Syllabus Business and Additional Law curriculum. For those gearing up for the Intermediate examination, it’s essential to be well-versed in all the subjects detailed in the CA Inter Legal curriculum.
Part I: Enterprise Legislation (The Companies Act, 2013 – Sections 1 to 148) Objective: This section’s primary goal is to familiarize students with diverse company law provisions. Moreover, they will be equipped to handle practical-oriented challenges concerning enterprise law, ensuring efficient practical scenario management. Through this curriculum, students will be poised to understand and implement the legalities that regulate businesses under the Companies Act, of 2013.
| S. No. | Contents |
| 1 | Preliminary |
| 2 | Incorporation of Company and Matters Incidental thereto |
| 3 | Prospectus and Allotment of Securities |
| 4 | Share Capital and Debentures |
| 5 | Acceptance of Deposits by Companies |
| 6 | Registration of Charges |
| 7 | Management and Administration |
| 8 | Declaration and Payment of Dividend |
| 9 | Accounts of Companies |
| 10 | Audit and Auditors |
Part II: Supplementary Legislations
Objective: The goal of this course is to equip students with a deep understanding of certain chosen legal texts, ensuring they can adeptly tackle issues related to their application. The course also intends to provide students with a thorough grasp of statutory interpretation principles. By delving into this subject, students will be proficient in deciphering and employing the pertinent laws in real-world situations.
| Topics | Content |
| The Contract Act, 1872 | (Specific contracts covered from section 123 onwards): Contract of Indemnity and Guarantee, Bailment, Pledge, Agency |
| The Negotiable Instruments Act, 1881 | Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Negotiability, Assignability, Rights and Obligation of parties, presentment of Instruments, Rules of Compensation |
| The General Clauses Act, 1897 | Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous |
| Interpretation of statutes | Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation/construction of Deeds and Documents |
Paper-3: Financial & Managerial Accounting:
The CA Intermediate Curriculum for 2023’s Paper 3, centering on Financial and managerial Accounting, is outlined in the subsequent table. Every unit in the CA Intermediate Accounting syllabus is crucial for learners, given that mastering this subject can lead to impressive outcomes.
Objective:
The aim is to furnish learners with the expertise to ascertain pricing through the identification of costs associated with product manufacturing and service delivery, coupled with a grasp of the essential principles. The objective is also to clarify students’ grasp of accounting statements related to costs. Additionally, the curriculum seeks to empower students to apply this knowledge in areas of cost assessment, strategic planning, management, and making informed decisions.
Module 1:
| Chapters | Topic |
| Chapter 1 | Introduction to Cost and Management Accounting |
| Chapter 2 | Material Cost |
| Chapter 3 | Employee Cost |
| Chapter 4 | Overheads: Absorption Costing Method |
| Chapter 5 | Activity Based Costing |
| Chapter 6 | Cost Sheet |
| Chapter 7 | Cost Accounting System |
Module 2:
| Chapters | Topic |
| Chapter 8 | Unit & Batch Costing |
| Chapter 9 | Job Costing and Contract Costing |
| Chapter 10 | Process & Operation Costing |
| Chapter 11 | Joint Products & By-Products |
| Chapter 12 | Service Costing |
| Chapter 13 | Standard Costing |
| Chapter 14 | Marginal Costing |
| Chapter 15 | Budget and Budgetary Control |
Paper-4: Tax Studies:
The CA Intermediate Tax Studies require regular review sessions. The syllabus for CA Inter Taxation is split into two primary sections: Income Tax Legislation and Indirect Taxation. For clarity on the subjects for the 2023 examinations, students can consult the detailed syllabus provided in the table below.
Objective:
The purpose of this subject has a dual focus. Firstly, it aims to familiarize students with the provisions of the Income Tax and GST regulations. Secondly, it seeks to equip them with the skills to employ this knowledge in tax calculations and adeptly tackle application-based challenges. Through this curriculum, learners will gain the proficiency to read, comprehend, and apply tax regulations in real-world situations, enabling precise calculations for both income tax and other indirect taxes like GST.
Paper-4A: Income Tax Law:
Module 1:
| Chapters | Topic |
| Chapter 1 | Basic Concepts |
| Chapter 2 | Residence and Scope of Total Income |
| Chapter 3 | Incomes which do not form part of Total Income |
Module 2:
| Chapter | Topic |
| Chapter 4 | Heads of Income
|
Module 3:
| Chapter | Topic |
| Chapter 5 | Income of Other Persons included in Assessee’s Total Income |
| Chapter 6 | Aggregation of Income, Set-off, and Carry Forward of Losses |
| Chapter 7 | Deductions from Gross Total Income |
| Chapter 8 | Computation of Total Income and Tax Payable |
| Chapter 9 | Advance Tax, Tax Deduction, and Introduction to Tax Collection at Source |
| Chapter 10 | Provisions for filing Return of Income and Self-assessment |
Paper-4B: Indirect Taxes:
Module 1:
| Chapter | Topic |
| Chapter 1 | GST in India – An Introduction |
| Chapter 2 | Supply under GST |
| Chapter 3 | Charge of GST |
| Chapter 4 | Exemptions from GST |
| Chapter 5 | Time and Value of Supply
|
Module 2:
| Chapter | Topic |
| Chapter 6 | Input Tax Credit |
| Chapter 7 | Registration |
| Chapter 8 | Tax Invoice: Credit and Debit Notes; E-way Bill |
| Chapter 9 | Payment of Tax |
| Chapter 10 | Returns |
Paper-5: In-Depth Accounting:
See the table underneath for a clear understanding of the CA Inter In-Depth Accounting curriculum set for the November 2023 assessments.
Purpose:
- To adeptly utilize accounting norms and laws for a range of dealings and occurrences.
- To hone skills in formulating and showcasing precise financial records for commercial entities.
- To attain an extensive knowledge of financial documentation and pertinent regulations tailored for Banking entities and Non-Banking Financial Firms (NBFCs).
| Chapter | Topic |
| Chapter 1 | Application of Accounting Standards |
| Chapter 2 | Partnership Accounts
|
| Chapter 3 | Accounting for Employee Stock Option Plans |
| Chapter 4 | Buyback of Securities and Equity Shares with Differential Rights |
| Chapter 5 | Amalgamation of Companies |
| Chapter 6 | Internal Reconstruction |
| Chapter 7 | Liquidation of Companies |
| Appendix | Schedule III to The Companies Act, 2013 |
| Chapter 8 | Banking Companies
|
| Chapter 9 | Non-Banking Financial Companies |
| Chapter 10 | Consolidated Financial Statements |
| Accounting Pronouncements | Accounting Standards |
Paper-6: Examination of Trustworthiness and Verification:
Outlined below is the CA Intermediate curriculum for Examination of Trustworthiness and Verification for the year 2023.
Purpose: The main goal is to understand the essential concepts related to auditing and become acquainted with the standard auditing methods, strategies, and expertise. Additionally, learners will hone their ability to employ this understanding efficiently in various audit and confirmation tasks.
| Chapter | Topic |
| Chapter 1 | Nature, Objective, and Scope of Audit |
| Chapter 2 | Audit Strategy, Audit Planning and Audit Programme |
| Chapter 3 | Audit Documentation and Audit Evidence |
| Chapter 4 | Risk Assessment and Internal Control |
| Chapter 5 | Fraud and Responsibilities of the Auditor in this Regard |
| Chapter 6 | Audit in an Automated Environment |
| Chapter 7 | Audit Sampling |
| Chapter 8 | Analytical Procedures |
| Chapter 9 | Audit of Items of Financial Statements |
| Chapter 10 | The Company Audit |
| Chapter 11 | Audit Report |
| Chapter 12 | Audit of Banks |
| Chapter 13 | Audit of Different Types of Entities |
| Auditing Pronouncements |
|
Paper-7: Business Information Framework & Tactical Administration:
The CA Intermediate curriculum divides the subject into two parts: Business Information Framework and Tactical Administration. The table below outlines the syllabus for both areas. In studying Paper 7, students will explore the depth of information frameworks and their significant effects on varied procedures and controls.
Students will discover how these systems revolutionize business activities and will acquire methods to efficiently manage enterprises in today’s digitized world. By grasping the curriculum and dedicating time to these segments, learners will amass the expertise needed to traverse the ever-evolving domain of business information systems and tactical administration. This knowledge will empower them to make well-informed choices, fostering institutional growth.
Paper-7 Section-A: Business Information Framework:
Aim:
Grasping the influence of tech-driven Information Systems on organizational processes, challenges, and safeguards.
| S. No. | Contents |
| 1 | Automated Business Processes |
| 2 | Financial and Accounting Systems |
| 3 | Information Systems and its Components |
| 4 | E-commerce, M-commerce, and Emerging Technologies |
| 5 | Core Banking Systems |
Paper-7 Section-B: Strategic Management:
Objective: Gain a solid understanding of strategic management concepts and techniques and be able to apply them to business situations.
| S. No. | Contents |
| 1 | Introduction to Strategic Management |
| 2 | Dynamics of Competitive Strategy |
| 3 | Strategy Management Process |
| 4 | Corporate Level Strategies |
| 5 | Business Level Strategies |
| 6 | Functional Level Strategies |
| 7 | Organization and Strategic Leadership |
| 8 | Strategy Implementation and Control |
Paper-8: Financial Management & Economics for Finance:
The final subject in the CA Intermediate Syllabus 2023 focuses on Financial Management and is further divided into two sections. The first section covers Financial Management, while the second section covers Economics for Finance.
The detailed syllabus for Paper 8 can be found in the table below. By studying this syllabus, students will understand financial management principles and techniques, enabling them to manage financial resources and make informed financial decisions effectively.
Additionally, they will develop a strong foundation in economics as it pertains to the field of finance, equipping them with the necessary knowledge to analyze economic factors and their impact on financial decision-making. The syllabus for Paper 8 is essential for aspiring Chartered Accountants, as it equips them with the knowledge and skills required to excel in financial management.
Section-A: Financial Management:
Objective: Gain a comprehensive understanding of Financial Management and apply it to decision-making.
| Chapter | Topic |
| 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 |
| Chapter 7 | Investment Decisions |
| Chapter 8 | Risk Analysis in Capital Budgeting |
| Chapter 9 | Dividend Decisions |
| Chapter 10 | Management of Working Capital
|
Section-B: Economics for Finance:
Objective: Understanding the theories and concepts of Economics in the context of Finance and addressing application-oriented issues.
| S. No. | Contents |
| 1 | Determination of National Income |
| 2 | Public Finance |
| 3 | The Money Market |
| 4 | International Trade |
CA Intermediate Exam Pattern
The CA Intermediate course comprises two groups, Group 1 and Group 2, consisting of a total of eight subjects. To effectively prepare for the Intermediate exams, students should familiarize themselves with the complete syllabus of each subject, which outlines the topics to be covered and includes the marking scheme.
This article provides information about the CA Inter syllabus and subjects for the November 2023 exams based on the ICAI study material. Additionally, we have included details about the marks weightage and CA Intermediate exam pattern 2023.
| Particulars | Details |
|---|---|
| Conducting Body | ICAI |
| Exam mode | Pen and paper-based |
| Types of question | Objective and subjective |
| Medium of exam | English and Hindi |
| Total no. of papers | 8 papers |
| No. of marks | 800 marks (100 per paper) |
| Negative marking | No negative marking |