CA Exams

CA Intermediate Subjects 2023

ca inter subjects, SUBJECTS in ca inter

In the field of Chartered Accountancy, the CA Intermediate program stands as the second tier(subjects in ca inter), offering students a more profound insight into Accounting, law, and finance. After successfully completing the foundation exams, students become eligible to enroll in the CA Intermediate course, which comprises eight subjects organized into two groups. For a comprehensive understanding of the CA Intermediate Syllabus & Subject for 2023.

CA Inter Subjects in 2023 (New Course)

Before moving the details of the CA Inter syllabus for November 2023, let’s briefly look at the new CA Inter syllabus under the new scheme

Paper CA Intermediate Group-I Subjects
1 Accounting
2 Corporate and other laws
3 Cost and management accounting
4 Taxation
CA Intermediate Group-II Subjects
5 Advanced Accounting
6 Auditing and Assurance
7 Enterprise Information Systems & Strategic Management
8 Financial Management and Economics for Finance

ICAI CA Intermediate Subjects Syllabus 2023

Paper-1: Accounting:

The whole CA Inter accounts syllabus 2023 is divided into 6 parts and students should go through each of them in detail. Check the table below to know the CA Intermediate syllabus 2023 for Paper 1 i.e., Accounting.

Objective: To make the students learn the ability to apply accounting standards and legislation to various transactions and events. It also helps in preparing and presenting the financial statements of businesses.

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
  • AS 1: Disclosure of Accounting Policies
  • AS 2: Valuation of Inventories
  • AS 3: Cash Flow Statements
  • 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
Company Accounts
  • Preparation of financial statements
  • Managerial Remuneration;
  • Profit (Loss) prior to incorporation;
  • Accounting for bonus issues and right issues;
  • Redemption of preference shares;
  • Redemption of debentures.
Accounting for Special Transactions
  • Investment;
  • Insurance claims for loss of stock and loss of profit;
  • Hire- purchase and installment sale transactions.
Special Type of Accounting
  • Departmental Accounting;
  • Accounting for Branches including foreign branches;
  • Accounts from Incomplete Records.

Paper-2: Corporate and Other Laws:

Given below is the detailed CA Intermediate syllabus of Corporate and Other Law. Candidates appearing for the Intermediate exam should go through all the topics of the CA Inter Law syllabus.

Part I. Company Law (The Companies Act, 2013 – Sections 1 to 148)

Objective: The students here will develop an understanding of the provisions of company law. Apart from that, they’ll learn how to address application-oriented issues.

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. Other Laws

Objective: To make the students understand the selected legislation’s provisions and learn to address the application-oriented issues. The students will also understand the rules for the interpretation of statutes.

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, Right 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: Cost and Management Accounting:

The CA Intermediate syllabus 2023 for paper 3 i.e., Cost and Management Accounting is given below in the table. Every topic of the CA Intermediate costing syllabus is important for students, as it is also a scorable subject.

Objective:

  • To acquire the ability to determine the prices by establishing the cost associated with the production of products and provisions of services and develop an understanding of the basic concepts.
  • To make students understand the cost accounting statements.
  • Students will learn how to use the information for finding costs, planning, controlling, and decision-making.

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: Taxation:

CA Inter Taxation is a subject that requires continuous revisions. The CA Inter syllabus for taxation is divided into two parts- Income tax law and indirect taxes. Students can check out a detailed Taxation syllabus for the 2023 exams from the table below.

Objective: To understand the provisions of Income Tax law & GST law, and apply the acquired knowledge in computations, and address the application-oriented issues.

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

  • 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 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

  • Unit I: Time of Supply
  • Unit II: 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: Advanced Accounting:

Check the table below to know the CA Inter Advanced Accounting syllabus for the Nov 2023 exams.

Objective:

  • To be able to apply the accounting standards and legislations to various events and transactions. Acquire the ability to prepare and present the financial statements of businesses.
  • To develop the understanding and apply financial reporting and regulatory requirements of Banking companies and NBFCs.
Chapter Topic
Chapter 1 Application of Accounting Standards
Chapter 2 Partnership Accounts

  • Unit 1: Dissolution of Partnership Firms
  • Unit 2: Amalgamation, Conversion & Sale of Partnership Firms
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

  • Unit 1: Some Relevant Provisions of The Banking Regulations Act, 1949
  • Unit 2: Books of Accounts, Returns and Forms of Financial Statements
  • Unit 3: Capital Adequacy Norms
  • Unit 4: Income Recognition, Classification of Assets and Provisions
  • Unit 5: Some Special Transactions of Banks
  • Unit 6: Preparation of Financial Statements of Banks
  • Annexures
Chapter 9 Non-Banking Financial Companies
Chapter 10 Consolidated Financial Statements
Accounting Pronouncements Accounting Standards

Paper-6: Auditing and Assurance:

Given below is the CA Intermediate syllabus 2023 for auditing and assurance.

Objective: To understand the concepts of auditing and also the generally accepted auditing procedures, techniques, and skills. Other than that, acquire the ability to apply the knowledge in audit and attestation engagements.

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
  • Announcements of the Council
  • Standards
  • SA 200-299
  • SA 300-399
  • SA 500-699
  • SA 700-799

Paper-7: Enterprise Information Systems & Strategic Management:

This CA Intermediate subject is divided into 2 sections namely – Enterprise Information System, and Strategic Management. The syllabus for both sections is mentioned in the table below. While studying for paper 7, the students will learn about information systems and how it is making their impact on processes and controls.

Paper-7 Section-A: Enterprise Information Systems:

Objective: To understand the technology-enabled Information Systems and its impact on enterprise-wide processes, risks, and controls.

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: To understand the concepts of strategic management and techniques and the ability to apply the same in 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 last subject of the CA Intermediate Syllabus 2023 deals with Financial management and is also divided into 2 sections. The first part is financial management and the second part is economics for finance. The table below shows the CA Intermediate syllabus for paper 8.

Section-A: Financial Management:

Objective: To understand different aspects of Financial Management and to apply such knowledge in 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

  • 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

Section-B: Economics for Finance:

Objective: To understand the theories and concepts of Economics in the context of Finance and to address application-oriented issues.

S. No. Contents
1 Determination of National Income
2 Public Finance
3 The Money Market
4 International Trade

CA Intermediate Syllabus Updates – Nov 2023

ICAI has made changes in the CA Inter syllabus for the 2023 exams. ICAI has added some new topics and reduced some old topics from the ICAI syllabus. Given below are all the changes in the CA Syllabus done by ICAI for the 2023 examination.

Addition of Topics in the CA Intermediate Syllabus 2023

All the updates made by the ICAI for the November 2023 exam are mentioned below:

  1. Accounting topics of paper 1 have been shifted to paper 5 advanced accounting.
  2. ICAI has added dissolution of Partnership firms including piecemeal distribution of assets along with the conversion of partnership firm into a company and sale to a company which is an issue related to accounting in limited liability partnership. 

Deduction of Topics in the CA Intermediate Syllabus Nov 2023

All the topics which are deducted from the CA Inter Syllabus for Nov 2023 by the ICAI are mentioned below:

  1. Underwriting of shares and debentures.
  2. Valuation of goodwill.
  3. Application of Guidance Notes issued by the ICAI on specified accounting aspects.
  4. Financial Reporting of Insurance Companies and Mutual Funds and regulatory requirements thereof.
  5. Parties to notes, Bills, and Cheques, Presentment of Negotiable Instruments, Payment and interest, and Noting and protest.

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