The ICAI has unveiled the updated CA Intermediate Syllabus Group 1 for the November 2023 examinations. Students have the option to download the syllabus PDF either from the BOS portal on the official ICAI website or from this page.
The CA Intermediate course comprises eight subjects organized into two groups: Groups 1 and 2. Prior to commencing exam preparation, students are advised to thoroughly review the syllabus for each subject to understand the essential topics to cover. The syllabus also encompasses the marking scheme for these topics.
This article provides comprehensive insights into the CA Inter syllabus and subjects for the November 2023 exams, as per the ICAI study material. Additionally, we outline the marks allocation and exam pattern.
In a recent development, the ICAI has proposed a new CA syllabus, streamlining the CA Intermediate subjects from 8 to 6. For detailed information on this CA New scheme, refer to the provided link. Consider enrolling in CA Inter Online Classes to enhance your exam preparation.
ICAI CA Intermediate Subjects Syllabus 2023
Paper-1: Accounting:
The 2023 CA Inter accounts syllabus is structured into six distinct sections, and it is crucial for students to delve deeply into each one. Refer to the table below for a comprehensive overview of the CA Intermediate syllabus for 2023, specifically focused on Paper 1, which revolves around Accounting.
Objective: The primary aim of this curriculum is to equip students with the skills required to apply accounting standards and legislative principles to a wide range of transactions and events. Additionally, it aids in the development of proficiency in preparing and presenting financial statements for 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 |
|
| Company Accounts |
|
| Accounting for Special Transactions |
|
| Special Type of Accounting |
|
Paper-2: Corporate and Other Laws:
Below is the comprehensive CA Intermediate syllabus for Corporate and Other Law. It is crucial for Intermediate exam candidates to thoroughly cover all the subjects included in the CA Inter Law syllabus.
Part I. Company Law (The Companies Act, 2013 – Sections 1 to 148)
Aim: In this section, students will acquire a profound comprehension of the regulations outlined in company law. Additionally, they will gain insight into resolving real-world, practical challenges associated with this field.
| 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 2023 CA Intermediate syllabus for Paper 3, which covers Cost and Management Accounting, is presented in the table below. It’s crucial for students to recognize the significance of each topic within the CA Intermediate costing syllabus, as this subject also offers substantial scoring opportunities.
Objective:
- To gain the capacity to ascertain prices by establishing the expenses linked to producing goods and delivering services, and to cultivate a comprehension of fundamental principles.
- To enable students to grasp the intricacies of cost accounting statements.
- Students will acquire the skills to utilize this information for cost analysis, strategic planning, control, and informed 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 necessitates ongoing updates. The CA Inter taxation syllabus is split into two sections: Income Tax Law and Indirect Taxes. Students can refer to the comprehensive 2023 Taxation syllabus provided in the table below.
Objective: The objective is to grasp the regulations of Income Tax Law and GST Law, and to employ this acquired knowledge in calculations while addressing application-related challenges.
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: Advanced Accounting:
Objective:
The primary objectives of this syllabus are as follows:
- Application of Accounting Standards and Legislation: Develop the capability to apply accounting standards and legal provisions to diverse events and transactions effectively.
- Financial Statement Preparation: Acquire the skills necessary to prepare and present financial statements for various types of businesses.
- Financial Reporting and Regulatory Comprehension: Enhance your understanding of financial reporting and regulatory requirements, with a particular focus on banking companies and Non-Banking Financial Companies (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: Auditing and Assurance:
Below is the 2023 CA Intermediate syllabus for auditing and assurance.
Aim: The aim of this syllabus is to provide a comprehensive understanding of auditing concepts, as well as the widely accepted auditing methods, techniques, and competencies. Additionally, it seeks to enable students to effectively apply their knowledge in audit and attestation assignments.
| 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: Enterprise Information Systems & Strategic Management:
This CA Intermediate subject consists of two main sections: Enterprise Information System and Strategic Management. The syllabus for both sections is outlined in the table below. When studying for Paper 7, students will delve into the realm of information systems and their influence on various processes and controls.
Paper-7 Section-A: Enterprise Information Systems:
Objective: The aim is to gain insight into technology-driven Information Systems and their influence on processes, risks, and controls across the entire enterprise.
| 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: The goal is to grasp the principles of strategic management and its associated techniques, with the capability to effectively apply these concepts in real-world business scenarios.
| 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 segment of the CA Intermediate Syllabus for 2023 focuses on Financial Management and is further divided into two sections. The initial section covers Financial Management, while the subsequent section delves into Economics for Finance. Below is a table displaying the CA Intermediate syllabus for Paper 8.
Section-A: Financial Management:
Objective: The goal is to comprehend various facets of Financial Management and effectively utilize this understanding in the decision-making process.
| 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: Our goal is to gain a comprehensive grasp of the theories and principles of Economics within the realm of Finance, with a specific focus on tackling real-world, practical challenges.
| 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 implemented changes to the CA Intermediate syllabus for the 2023 examinations. These modifications involve the inclusion of new subject matter while reducing certain existing topics. The alterations made by ICAI for the November 2023 exam are outlined as follows:
Additions to the CA Intermediate Syllabus for 2023:
- Transfer of Accounting Topics: The accounting topics originally part of paper 1 have been transferred to paper 5, which covers advanced accounting.
- Incorporation of Partnership Dissolution: ICAI has introduced the dissolution of partnership firms, encompassing the piecemeal distribution of assets. This addition also encompasses the conversion of a partnership firm into a company and the subsequent sale to a company. These areas pertain to accounting matters within the context of limited liability partnerships.
CA Intermediate Exam Pattern
| 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 |
Due to the extensive syllabus and challenging subject matter, passing the CA Inter exams is a formidable task. CA P.S. BENIWAL CLASSES advises students to expedite their course completion, review the material at least twice, and regularly engage in mock test practice to improve their chances of success.
As a result, dedicating only 2-3 months for exam preparation is insufficient to clear the CA Intermediate exams. It is estimated that around 7 months of diligent preparation are necessary.
This concludes the essential information regarding the CA Intermediate syllabus for the November 2023 exams. The article has provided a comprehensive understanding of the syllabus, CA Inter subjects in detail, the marking scheme, and updates in the CA Intermediate Syllabus for 2023.