{"id":15810,"date":"2023-10-04T07:00:59","date_gmt":"2023-10-04T07:00:59","guid":{"rendered":"https:\/\/capsbeniwal.com\/blog\/?p=15810"},"modified":"2024-02-10T05:37:04","modified_gmt":"2024-02-10T05:37:04","slug":"ca-inter-syllabus","status":"publish","type":"post","link":"https:\/\/capsbeniwal.com\/blog\/ca-inter-syllabus\/","title":{"rendered":"CA Intermediate Syllabus & Subjects for 2023 (Both New & Old) – Detailed Paper-wise Syllabus, Key Topics, and Exam Pattern"},"content":{"rendered":"

In 2023, ca inter syllabus (both New and Old)<\/strong> was unveiled by the Institute of Chartered Accountants of India (ICAI) through their official website, icai.org, effective July 1, 2023. It’s important to note that the New Scheme of Education (CA New Scheme) won’t apply to the November 2023 session; instead, the last CA Intermediate exam under the existing scheme’s old syllabus will be held in November 2023. Aspiring candidates are advised to prepare using the old syllabus (Existing scheme) and can access the CA Intermediate 2023 syllabus in PDF format from the BoS Knowledge Portal on the official ICAI website. Those registered for the May\/November exams should make the syllabus their primary reference for their preparation. In 2023, CA Intermediate exams are scheduled twice, in May and November.<\/span><\/p>\n

The CA Intermediate exam paper adheres to the ICAI syllabus exclusively. Therefore, candidates must prioritize reviewing the official syllabus and tailoring their study strategy accordingly before embarking on their CA Intermediate exam preparation. The syllabus provides comprehensive details about exam content, including topics and subtopics to be covered.<\/span><\/p>\n

CA Inter Courses 2023 (New Course)<\/strong><\/span><\/h3>\n

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<\/span><\/p>\n

New Ca Inter Syllabus<\/span><\/h3>\n

As per the new CA intermediate syllabus released on July 1, 2023, by ICAI, the following 6 papers are included in it. The first CA Inter exam under the new scheme will be conducted in May 2024<\/span><\/p>\n\n\n\n\n\n\n\n\n
Paper 1<\/span><\/td>\nAdvanced Accounting<\/span><\/a><\/td>\n<\/tr>\n
Paper 2<\/span><\/td>\nCorporate and Other Laws<\/span>
\nPart 1: Company Law and Limited Liability Partnership Law<\/span>
\nPart 2: Other Laws<\/span><\/td>\n<\/tr>\n
Paper 3<\/span><\/td>\nTaxation<\/span>
\nSection A: Income Tax Law<\/span>
\nSection B: Goods and Services Tax<\/span><\/td>\n<\/tr>\n
Paper 4<\/span><\/td>\nCost and Management Accounting<\/span><\/td>\n<\/tr>\n
Paper 5<\/span><\/td>\nAuditing and Ethics<\/span><\/td>\n<\/tr>\n
Paper 6<\/span><\/td>\nFinancial Management and Strategic Management<\/span>
\nSection A: Financial Management<\/span>
\nSection B: Strategic Management<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Included Papers for the CA Intermediate November 2023 Examination<\/strong><\/span><\/h3>\n

Regarding the CA Intermediate 2023 examination pattern within the old syllabus, there are a total of eight papers, each carrying 100 marks. Candidates should direct their preparation efforts toward these specific papers, which are further categorized into two distinct groups.<\/span><\/p>\n

\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
\n

Groups<\/strong><\/span><\/p>\n<\/td>\n

\n

Papers<\/strong><\/span><\/p>\n<\/td>\n

\n

Details<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Group 1<\/span><\/p>\n<\/td>\n

\n

Paper-1<\/span><\/p>\n<\/td>\n

\n

Accounting<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-2<\/span><\/p>\n<\/td>\n

\n

Corporate and Other Laws<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-3<\/span><\/p>\n<\/td>\n

\n

Cost and Management Accounting<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-4<\/span><\/p>\n<\/td>\n

\n

Taxation<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Group 2<\/span><\/p>\n<\/td>\n

\n

Paper-5<\/span><\/p>\n<\/td>\n

\n

Advanced Accounting<\/span><\/a><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-6<\/span><\/p>\n<\/td>\n

\n

Auditing and Assurance<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-7<\/span><\/p>\n<\/td>\n

\n

Enterprise Information Systems & Strategic Management<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Paper-8<\/span><\/p>\n<\/td>\n

\n

Financial Management & Economics for Finance<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Comprehensive CA Intermediate Syllabus 2023<\/span><\/h2>\n

On the basis of papers mentioned above, the CA Intermediate syllabus for the May 2023 exams is as follows.<\/span><\/p>\n

Group I<\/strong><\/span><\/p>\n

There are four papers in Group-I of CA Intermediate syllabus May 2023.<\/span><\/p>\n

Paper 1 – Accounting (100 marks)<\/span><\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
\n

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.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3. Applications of Accounting Standards:<\/span><\/p>\n<\/td>\n

\n

AS 1 : Disclosure of Accounting Policies<\/span><\/p>\n

AS 2 : Valuation of Inventories<\/span><\/p>\n

AS 3 : Cash Flow Statements<\/span><\/p>\n

AS 10 : Property, Plant and Equipment<\/span><\/p>\n

AS 11 : The Effects of Changes in Foreign Exchange Rates<\/span><\/p>\n

AS 12 : Accounting for Government Grants<\/span><\/p>\n

AS 13 : Accounting for Investments<\/span><\/p>\n

AS 16 : Borrowing Costs<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4. Company Accounts<\/span><\/p>\n<\/td>\n

\n

(i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet<\/span><\/p>\n

and Cash Flow Statement;<\/span><\/p>\n

(ii) Managerial Remuneration;<\/span><\/p>\n

(iii) Profit (Loss) prior to incorporation;<\/span><\/p>\n

(iv) Accounting for bonus issue and right issue;<\/span><\/p>\n

(v) Redemption of preference shares;<\/span><\/p>\n

(vi) Redemption of debentures<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5. Accounting for Special Transactions:<\/span><\/p>\n<\/td>\n

\n

(i) Investment;<\/span><\/p>\n

(ii) Insurance claims for loss of stock and loss of profit;<\/span><\/p>\n

(iii) Hire- purchase and Instalment sale transactions<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6. Special Type of Accounting<\/span><\/p>\n<\/td>\n

\n

(i) Departmental Accounting;<\/span><\/p>\n

(ii) Accounting for Branches including foreign branches;<\/span><\/p>\n

(iii) Accounts from Incomplete Records<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Paper 2 – Corporate and Other Laws (100 marks)<\/span><\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
\n

PART I \u2013 COMPANY LAW (60 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Objective – To develop an understanding of the provisions of company law and acquire the ability to address application-oriented issues.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

The Companies Act, 2013 \u2013 Sections 1 to 148<\/span><\/p>\n

1. Preliminary<\/span><\/p>\n

2. Incorporation of Company and Matters Incidental thereto<\/span><\/p>\n

3. Prospectus and Allotment of Securities<\/span><\/p>\n

4. Share Capital and Debentures<\/span><\/p>\n

5. Acceptance of Deposits by companies<\/span><\/p>\n

6. Registration of Charges<\/span><\/p>\n

7. Management and Administration<\/span><\/p>\n

8. Declaration and Payment of Dividend<\/span><\/p>\n

9. Accounts of Companies<\/span><\/p>\n

10. Audit and Auditors<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

PART II \u2013 OTHER LAWS (40 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Objective – (a) To develop an understanding of the provisions of select legislations and acquire the ability to address application-oriented issues.<\/span><\/p>\n

(b) To develop an understanding of the rules for interpretation of statutes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

1. The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards)<\/span><\/p>\n<\/td>\n

\n

Contract of Indemnity and Guarantee, Bailment, Pledge, Agency<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2. The Negotiable Instruments Act, 1881<\/span><\/p>\n<\/td>\n

\n

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<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3. The General Clauses Act, 1897<\/span><\/p>\n<\/td>\n

\n

Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments, Miscellaneous<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4. Interpretation of statutes<\/span><\/p>\n<\/td>\n

\n

Rules of Interpretation of statutes, Aids to interpretation, Rules of Interpretation\/construction of Deeds and Documents<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Paper 3 – Cost and Management Accounting (100 marks)<\/span><\/h3>\n
\n
\n\n\n\n\n\n\n\n
\n

Objectives –<\/span><\/p>\n

(a) To develop an understanding of the basic concepts and applications to establish the cost<\/span><\/p>\n

associated with the production of products and provision of services and apply the same<\/span><\/p>\n

to determine prices.<\/span><\/p>\n

(b) To develop an understanding of cost accounting statements.<\/span><\/p>\n

(c) To acquire the ability to apply information for cost ascertainment, planning, control and<\/span><\/p>\n

decision making.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

1. Overview of Cost and Management Accounting<\/span><\/p>\n<\/td>\n

\n

(i) Introduction to Cost and Management Accounting-<\/span><\/p>\n

a) Objectives and Scope of Cost and Management Accounting,<\/span><\/p>\n

<\/div>\n

b) The users of Cost and Management accounting information, Functions of<\/span><\/p>\n

management accounting<\/span><\/p>\n

<\/div>\n

c) Role of cost accounting department in an organisation and its relation with<\/span><\/p>\n

other departments<\/span><\/p>\n

<\/div>\n

d) Installation of Costing System<\/span><\/p>\n

<\/div>\n

e) Relationship of Cost Accounting, Financial Accounting, Management<\/span><\/p>\n

Accounting and Financial Management.<\/span><\/p>\n

<\/div>\n

f) Cost terms and Concepts<\/span><\/p>\n

<\/div>\n

g) Cost Reduction and Cost Control<\/span><\/p>\n

<\/div>\n

h) Elements of Costs<\/span><\/p>\n

<\/div>\n

i) Cost behavior pattern, Separating the components of fixed, variable, semivariable and step costs.<\/span><\/p>\n

<\/div>\n

j) Methods of Costing, Techniques of Costing.<\/span><\/p>\n

<\/div>\n

k) Cost Accounting with use of Information Technology<\/span><\/p>\n

<\/div>\n

(ii) Elements of Cost and preparation of Cost Sheets<\/span><\/p>\n

a) Functional classification and ascertainment of cost<\/span><\/p>\n

<\/div>\n

b) Preparation of Cost Sheets for Manufacturing sector and for the Service sector<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2. Ascertainment of Cost and Cost Accounting System<\/span><\/p>\n<\/td>\n

\n

(i) Material Cost<\/span><\/p>\n

a) Procurement procedures- Store procedures and documentation in respect of<\/span><\/p>\n

receipts and issue of stock, Stock verification,<\/span><\/p>\n

b) Valuation of material receipts,<\/span><\/p>\n

c) Inventory control- Techniques of fixing level of stocks<\/span><\/p>\n

– minimum, maximum, re-order point, safety stock, determination of optimum stock level,<\/span><\/p>\n

– Determination of Optimum Order quantity- Economic Order Quantity (EOQ),<\/span><\/p>\n

– Techniques of Inventory control- ABC Analysis, Fast, Slow moving and Non moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable<\/span><\/p>\n

(VED), Just-in-Time (JIT)<\/span><\/p>\n

– Stock taking and perpetual inventory system, use of control ratios,<\/span><\/p>\n

d) Inventory Accounting<\/span><\/p>\n

(ii) Employee Cost<\/span><\/p>\n

a) Attendance and Payroll procedures-<\/span><\/p>\n

– Elements of wages- Basic pay, Dearness Allowance, Overtime, Bonus,<\/span><\/p>\n

Holiday and leave wages, Allowances and perquisites.<\/span><\/p>\n

b) Employee Cost Control<\/span><\/p>\n

c) Employee Turnover- Methods of calculating employee turnover, causes of<\/span><\/p>\n

employee turnover, effects of employee turnover.<\/span><\/p>\n

d) Utilisation of Human Resource, Direct and indirect employee Cost, charging of<\/span><\/p>\n

employee cost, Identifying employee hours with work orders or batches or<\/span><\/p>\n

capital jobs.<\/span><\/p>\n

e) Remuneration systems and incentive schemes- Premium Bonus Method<\/span><\/p>\n

(Halsey Plan and Rowan Plan)<\/span><\/p>\n

(iii) Overheads<\/span><\/p>\n

a) Functional analysis- Factory, Administration, Selling, Distribution, Research<\/span><\/p>\n

and Development.<\/span><\/p>\n

b) Behavioral analysis- Fixed, Variable and Semi- Variable.<\/span><\/p>\n

c) Allocation and Apportionment of overheads using Absorption Costing Method.<\/span><\/p>\n

d) Factory Overheads- Primary and secondary distribution,<\/span><\/p>\n

e) Administration Overheads- Method of allocation to cost centres or products,<\/span><\/p>\n

f) Selling & Distribution Overheads- Analysis and absorption of the expenses in products\/ customers, impact of marketing strategies, cost effectiveness of various methods of sales promotion.<\/span><\/p>\n

g) Treatment of Research and development cost in cost accounting.<\/span><\/p>\n

(iv) Concepts of Activity Based Costing (ABC)<\/span><\/p>\n

(v) Recording and Accounting of Costs<\/span><\/p>\n

a) Non-integrated Cost Accounting system- Ledger under non-integral system<\/span><\/p>\n

b) Integrated (Cost and Financial) Accounting system- Ledgers under integral system.<\/span><\/p>\n

c) Difference between the Non- integrated and Integrated Accounting system.<\/span><\/p>\n

d) Reconciliation of profit as per Cost and Financial Accounts (under NonIntegrated Accounting System).<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3. Methods of Costing<\/span><\/p>\n<\/td>\n

\n

(i) Single Output\/ Unit Costing<\/span><\/p>\n

(ii) Job Costing: Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing.<\/span><\/p>\n

(iii) Batch Costing: Determination of optimum batch quantity, Ascertainment of cost for<\/span><\/p>\n

a batch, Preparation of batch cost sheet, and Treatment of spoiled and defective work.<\/span><\/p>\n

(iv) Contract Costing<\/span><\/p>\n

a) Ascertainment of cost of a contract, Progress payment, Retention money,<\/span><\/p>\n

Escalation clause, Cost-plus contract, Value of work certified, Cost of Work not<\/span><\/p>\n

certified.<\/span><\/p>\n

b) Determination Value of work certified, Cost of work not certified, Notional or<\/span><\/p>\n

Estimated profit from a contact.<\/span><\/p>\n

(v) Process\/ Operation Costing<\/span><\/p>\n

a) Process cost recording, Process loss, Abnormal gains and losses, Equivalent<\/span><\/p>\n

units of production, Inter-process profit, Valuation of work in process.<\/span><\/p>\n

b) Joint Products- Apportionment of joint costs, Methods of apportioning joint cost<\/span><\/p>\n

over joint products,<\/span><\/p>\n

c) By-Products- Methods of apportioning joint costs over by-products, treatment<\/span><\/p>\n

of By-product cost.<\/span><\/p>\n

(vi) Costing of Service Sectors<\/span><\/p>\n

a) Determination of Costs and Prices of services<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4. Cost Control and Analysis<\/span><\/p>\n<\/td>\n

\n
<\/div>\n
\n
\n\n\n\n\n\n
\n

(i) Standard Costing<\/span><\/p>\n<\/td>\n

\n

a) Setting up of Standards, Types of Standards, Standard Costing as method of performance measurement. b) Calculation and Reconciliation of Cost Variances- – Material Cost Variance, employee Cost Variance, Variable Overheads Variance and Fixed Overhead Variance.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(ii) Marginal Costing<\/span><\/p>\n<\/td>\n

\n

a) Basic concepts of marginal costing, Contribution margin, Break-even analysis,<\/span><\/p>\n

Break-even and profit volume charts, Contribution to sales ratio, Margin of<\/span><\/p>\n

Safety, Angle of Incidence, Cost-Volume-Profit Analysis (CVP), Multi- product break- even analysis, Consideration of Limiting factor (key factor),<\/span><\/p>\n

b) Determination of Cost of a product\/ service under marginal costing method,<\/span><\/p>\n

determination of cost of finished goods, work-in-progress,<\/span><\/p>\n

c) Comparison of Marginal costing with absorption costing method- Reconciliation<\/span><\/p>\n

of profit under the both methods,<\/span><\/p>\n

d) Short term decision making using the above concepts (basic \/ fundamental<\/span><\/p>\n

level).<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(iii) Budget and Budgetary Control<\/span><\/p>\n<\/td>\n

\n

a) Meaning of Budget, Essentials of Budget, Budget Manual, Budget setting<\/span><\/p>\n

process, Preparation of Budget and monitoring procedures.<\/span><\/p>\n

b) The use of budget in planning and control<\/span><\/p>\n

c) Flexible budget, Preparation of Functional budget for operating and nonoperating functions, Cash budget, Master budget,<\/span><\/p>\n

d) Introduction to Principal\/ Key budget factor, Zero Based Budgeting (ZBB),<\/span><\/p>\n

Performance budget, Control ratios and Budget variances.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Paper 4 – Taxation (100 marks)<\/span><\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

SECTION A: INCOME TAX LAW (60 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Objective: To develop an understanding of the provisions of income-tax law and goods and services tax law and to acquire the ability to apply such knowledge to make computations and address application-oriented issues.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

1. Basic Concepts<\/span><\/p>\n<\/td>\n

\n

(i) Income-tax law: An introduction<\/span><\/p>\n

(ii) Important definitions in the Income-tax Act, 1961<\/span><\/p>\n

(iii) Concept of the previous year and assessment year<\/span><\/p>\n

(iv) Basis of Charge and Rates of Tax<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2. Residential status and scope of total income<\/span><\/p>\n<\/td>\n

\n

(i) Residential status<\/span><\/p>\n

(ii) Scope of total income<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3. Incomes which do not form part of total income (other than charitable trusts and<\/span><\/p>\n

institutions, political parties and electoral trusts)<\/span><\/p>\n<\/td>\n

\n

(i) Incomes not included in total income<\/span><\/p>\n

(ii) Tax holiday for newly established units in Special Economic Zones<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4. Heads of income and the provisions governing computation of income under<\/span><\/p>\n

different heads<\/span><\/p>\n<\/td>\n

\n

(i) Salaries<\/span><\/p>\n

(ii) Income from house property<\/span><\/p>\n

(iii) Profits and gains of business or profession<\/span><\/p>\n

(iv) Capital gains<\/span><\/p>\n

(v) Income from other sources<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5. Income of other persons included in assessee’s total income<\/span><\/p>\n<\/td>\n

\n

(i) Clubbing of income: An introduction<\/span><\/p>\n

(ii) Transfer of income without transfer of assets<\/span><\/p>\n

(iii) Income arising from revocable transfer of assets<\/span><\/p>\n

(iv) Clubbing of income of income arising to spouse, minor child and son\u2019s wife in<\/span><\/p>\n

certain cases<\/span><\/p>\n

(v) Conversion of self-acquired property into property of HUF<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6. Aggregation of income; Set-off, or carry forward and set-off of losses<\/span><\/p>\n<\/td>\n

\n

(i) Aggregation of income<\/span><\/p>\n

(ii) Concept of set-off and carry forward and set-off of losses<\/span><\/p>\n

(iii) Provisions governing set-off and carry forward and set-off of losses under different<\/span><\/p>\n

heads of income<\/span><\/p>\n

(iv) Order of set-off of losses<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

7. Deductions from gross total income<\/span><\/p>\n<\/td>\n

\n

(i) General provisions<\/span><\/p>\n

(ii) Deductions in respect of certain payments<\/span><\/p>\n

(iii) Specific deductions in respect of certain income<\/span><\/p>\n

(iv) Deductions in respect of other income<\/span><\/p>\n

(v) Other deductions<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

8. Computation of total income and tax liability of individuals<\/span><\/p>\n<\/td>\n

\n

(i) Income to be considered while computing total income of individuals<\/span><\/p>\n

(ii) Procedure for computation of total income and tax liability of individuals<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

9. Advance tax, tax deduction at source and introduction to tax collection at source<\/span><\/p>\n<\/td>\n

\n

(i) Introduction<\/span><\/p>\n

(ii) Direct Payment<\/span><\/p>\n

(iii) Provisions concerning deduction of tax at source<\/span><\/p>\n

(iv) Advance payment of tax<\/span><\/p>\n

(v) Interest for defaults in payment of advance tax and deferment of advance tax<\/span><\/p>\n

(vi) Tax collection at source \u2013 Basic concept<\/span><\/p>\n

(vii) Tax deduction and collection account number<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

10. Provisions for filing return of income and self-assessment<\/span><\/p>\n<\/td>\n

\n

(i) Return of Income<\/span><\/p>\n

(ii) Compulsory filing of return of income<\/span><\/p>\n

(iii) Fee and Interest for default in furnishing return of income<\/span><\/p>\n

(iv) Return of loss<\/span><\/p>\n

(v) Provisions relating to belated return, revised return etc.<\/span><\/p>\n

(vi) Permanent account number<\/span><\/p>\n

(vii) Persons authorized to verify return of income<\/span><\/p>\n

(viii) Self-assessment<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

SECTION B \u2013 INDIRECT TAXES (40 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

1. Concept of indirect taxes<\/span><\/p>\n<\/td>\n

\n

(i) Concept and features of indirect taxes<\/span><\/p>\n

(ii) Principal indirect taxes<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2. Goods and Services Tax (GST) Laws<\/span><\/p>\n<\/td>\n

\n

(i) GST Laws: An introduction including Constitutional aspects<\/span><\/p>\n

(ii) Levy and collection of CGST and IGST<\/span><\/p>\n

    \n
  • \n

    a) Application of CGST\/IGST law<\/span><\/p>\n<\/li>\n

  • \n

    b) Concept of supply including composite and mixed supplies<\/span><\/p>\n<\/li>\n

  • \n

    c) Charge of tax including reverse charge<\/span><\/p>\n<\/li>\n

  • \n

    d) Exemption from tax<\/span><\/p>\n<\/li>\n

  • \n

    e) Composition levy<\/span><\/p>\n<\/li>\n<\/ul>\n

    (iii) Basic concepts of time and value of supply<\/span><\/p>\n

    (iv) Input tax credit<\/span><\/p>\n

    (v) Computation of GST liability<\/span><\/p>\n

    (vi) Registration<\/span><\/p>\n

    (vii) Tax invoice; Credit and Debit Notes; Electronic way bill<\/span><\/p>\n

    (viii) Returns<\/span><\/p>\n

    (ix) Payment of tax<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

    Group II<\/strong><\/span><\/p>\n

    There are four paper in Group II also. Candidates have to qualify both groups to pass the CA Intermediate examination.<\/span><\/p>\n

    Paper-5 Advanced Accounting (100 marks)<\/span><\/h3>\n
    \n
    \n\n\n\n\n\n\n\n\n\n
    \n

    Objectives:<\/span><\/p>\n

    1. To acquire the ability to apply specific Accounting Standards and legislations to different<\/span><\/p>\n

    transactions and events and in preparation and presentation of financial statements of<\/span><\/p>\n

    business entities;<\/span><\/p>\n

    2. To understand and apply financial reporting and regulatory requirements of Banking<\/span><\/p>\n

    Companies and NBFCs<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Application of Accounting Standards:<\/span><\/p>\n<\/td>\n

    		\n

    AS 4 : Contingencies and Events Occurring After the Balance<\/span><\/p>\n

    Sheet Date<\/span><\/p>\n

    AS 5 : Net Profit or Loss for the Period, Prior Period Items and<\/span><\/p>\n

    Changes in Accounting Policies<\/span><\/p>\n

    AS 7 : Construction Contracts<\/span><\/p>\n

    AS 9 : Revenue Recognition<\/span><\/p>\n

    AS 14 : Accounting for Amalgamations<\/span><\/p>\n

    AS 17 : Segment Reporting<\/span><\/p>\n

    AS 18 : Related Party Disclosures<\/span><\/p>\n

    AS 19 : Leases<\/span><\/p>\n

    AS 20 : Earnings Per Share<\/span><\/p>\n

    AS 22: Accounting for Taxes on Income<\/span><\/p>\n

    AS 24 : Discontinuing Operations<\/span><\/p>\n

    AS 26 : Intangible Assets<\/span><\/p>\n

    AS 29 : Provisions, Contingent Liabilities and Contingent Assets.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2. Special Aspects of Company Accounts<\/span><\/p>\n<\/td>\n

    		\n

    (i) Accounting for employee stock option plan;<\/span><\/p>\n

    (ii) Buy back of securities;<\/span><\/p>\n

    (iii) Equity shares with differential rights<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Reorganization and liquidation of Companies<\/span><\/p>\n<\/td>\n

    		\n

    (i) Accounting for amalgamation (excluding inter-company holding) and<\/span><\/p>\n

    reconstruction;<\/span><\/p>\n

    (ii) Accounting involved in liquidation of companies<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    5. Consolidated Financial Statements<\/span><\/p>\n<\/td>\n

    		\n

    Concept of consolidation and simple problems on Consolidated Financial Statements with single subsidiary (excluding problems involving acquisition of Interest in Subsidiary at Different Dates; Different Reporting Dates of Holding and Subsidiary; Disposal of a Subsidiary and Foreign Subsidiaries)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    6. Dissolution of partnership firms including piecemeal distribution of assets;<\/span><\/p>\n

    Amalgamation of partnership firms; Conversion of partnership firm into a<\/span><\/p>\n

    company and Sale to a company; Issues related to accounting in Limited Liability<\/span><\/p>\n

    Partnership.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

    Paper-6 Auditing and Assurance (100 marks)<\/span><\/h3>\n
    \n
    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n

    Objective:<\/span><\/p>\n

    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.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Nature, Objective and Scope ofAudit<\/span><\/p>\n<\/td>\n

    		\n

    Auditing Concepts: Nature, objective and scope of Audit; Relationship of auditing with<\/span><\/p>\n

    other disciplines;<\/span><\/p>\n

    <\/div>\n

    Standard Setting Process: Overview, Standard-setting process, Role of International Auditing and Assurance Standards Board (IAASB) & Auditing and Assurance Standards Board (AASB); Standards on Auditing, Guidance Note(s) issued by the ICAI;<\/span><\/p>\n

    <\/div>\n

    Engagement Standards: Qualities of Auditor, Elements of System of Quality Control<\/span><\/p>\n

    (SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical<\/span><\/p>\n

    Financial Information, and Other Assurance and Related Services Engagements);<\/span><\/p>\n

    Ethical requirements relating to an audit of financial statements; Inherent Limitations of<\/span><\/p>\n

    an audit (SA 200 Overall Objectives of the Independent Auditor and the Conduct of an<\/span><\/p>\n

    Audit in Accordance with Standards on Auditing); Preconditions for an audit; Audit<\/span><\/p>\n

    Engagement; Agreement on Audit Engagement Terms; Terms of Engagement in<\/span><\/p>\n

    Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements); Leadership<\/span><\/p>\n

    Responsibilities for Quality on Audits; Concept of Auditor\u2019s Independence; Threats to Independence; Acceptance and Continuance of Client Relationships and Audit Engagements (SA 220 Quality Control for an Audit of Financial Statements)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2. Audit Strategy, Audit Planning and Audit Programme:<\/span><\/p>\n<\/td>\n

    		\n

    Audit Strategy; Audit planning (SA 300 Planning an Audit of Financial statements); Audit programme; Development of Audit Plan and Programme, Control of quality of audit work – Delegation and supervision of audit work; Materiality and Audit Plan; Revision of Materiality; Documenting the Materiality; Performance Materiality (SA 320 Materiality in Planning and Performing an Audit).<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Audit Documentation and Audit Evidence:<\/span><\/p>\n<\/td>\n

    		\n

    Concept of Audit Documentation; Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation; Completion Memorandum; Ownership and custody of Audit Documentation (SA 230 Audit Documentation); Audit procedures for obtaining audit evidence; Sources of evidence; Relevance and Reliability of audit evidence; Sufficient appropriate audit evidence, Evaluation of Audit Evidence (SA 500 Audit Evidence); Written Representations as Audit Evidence; Objective of Auditor regarding Written Representation; Management from whom Written Representations may be requested; Written Representations about Management\u2019s Responsibilities (SA 580 Written Representations); Obtaining evidence of existence of inventory; Audit procedure to identify litigation & claims (SA 501 Audit Evidence – Specific Considerations for Selected Items); External confirmation procedures; Management\u2019s refusal to allow the auditor to send a confirmation request; Negative Confirmations (SA 505 External Confirmations); Audit evidence about opening balances; Accounting policies relating to opening balances; Reporting with regard to opening balances (SA 510 Initial Audit Engagements-Opening Balances); Meaning of Related Party; Nature of Related Party Relationships & Transactions; Understanding the Entity\u2019s Related Party Relationships & Transactions (SA 550 Related Parties); Meaning of Subsequent Events; Auditor\u2019s obligations in different situations of subsequent events (SA 560 Subsequent Events); Responsibilities of the Auditor with regard to Going Concern Assumption; Objectives of the Auditor regarding Going Concern; Events or Conditions that may cast doubt about Going Concern Assumption; Audit Procedures when events or conditions are identified (SA 570 Going Concern).<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. Risk Assessment and Internal Control<\/span><\/p>\n<\/td>\n

    		\n

    Audit Risk, Identifying and Assessing the Risk of Material Misstatement, Risk Assessment procedures; Understanding the entity and its environment; Internal control, Documenting the Risks; Evaluation of internal control system; Testing of Internal control; Internal Control and IT Environment (SA 315 Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment); Materiality and audit risk (SA 320 Materiality in Planning and Performing an Audit); Internal audit, Basics of Standards on Internal Audit (SIAs) issued by the ICAI; Basics of Internal Financial Control and reporting requirements; Distinction between Internal Financial Control and Internal Control over Financial Reporting.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    5. Fraud and Responsibilities of the Auditor in this Regard<\/span><\/p>\n<\/td>\n

    		\n

    Responsibility for the Prevention and Detection of Fraud; Fraud Risk Factors; Risks of Material Misstatement Due to Fraud; Communication of Fraud (SA 240 The Auditor\u2019s Responsibilities Relating to Fraud in an Audit of Financial Statements); Provisions of the Companies Act 2013 relating to fraud and rules thereunder including reporting requirements under CARO<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    6. Audit in an Automated Environment<\/span><\/p>\n<\/td>\n

    		\n

    Key features, Impact of IT related Risks, Impact on Controls, Internal Financial Controls as per Regulatory requirements, Types of Controls, Audit approach, Understanding and documenting Automated environment, Testing methods, data analytics for audit, assessing and reporting audit findings<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    7. Audit Sampling<\/span><\/p>\n<\/td>\n

    		\n

    Meaning of Audit Sampling; Designing an audit sample; Types of sampling; Sample Size and selection of items for testing; Sample selection method (SA 530 Audit Sampling)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    8. Analytical Procedures<\/span><\/p>\n<\/td>\n

    		\n

    Meaning, nature, purpose and timing of analytical procedures; Substantive analytical procedures, Designing and performing analytical procedures prior to Audit; investigating the results of analytical procedures (SA 520 Analytical Procedures)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    9. Audit of Items of Financial Statements<\/span><\/p>\n<\/td>\n

    		\n
      \n
    • \n

      Audit of sale of Products and Services; Audit of Interest Income, Rental Income, Dividend Income, Net gain\/loss on sale of Investments etc.<\/span><\/p>\n<\/li>\n

    • \n

      Audit of Purchases, Employee benefits expenses, Depreciation, Interest expense, Expenditure on Power & Fuel, Rent, Repair to building, Repair to Machinery, Insurance, Taxes, Travelling Expenses, Miscellaneous Expenses etc.<\/span><\/p>\n<\/li>\n

    • \n

      Audit of Share Capital, Reserve & Surplus, Long Term Borrowings, Trade Payables, Provisions, Short Term Borrowings & Other Current Liabilities. Audit of Land, Buildings, Plant & Equipment, Furniture & Fixtures, Vehicles, Office Equipments, Goodwill, Brand\/Trademarks, Computer Software etc. Audit of Loan & Advances, Trade Receivable, Inventories, Cash & Cash Equivalent, Other Current Assets. Audit of Contingent Liabilities.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

    \n

    10. The Company Audit<\/span><\/p>\n<\/td>\n

    		\n

    Eligibility, Qualifications and Disqualifications of Auditors; Appointment of auditors; Removal of auditors; Remuneration of Auditors; Powers and duties of auditors; Branch audit; Joint audit; Reporting requirements under the Companies Act, 2013 including CARO; Other Important Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    11. Audit Report<\/span><\/p>\n<\/td>\n

    		\n

    Forming an opinion on the Financial Statements; Auditor\u2019s Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements); Types of<\/span><\/p>\n

    Modified Opinion; Circumstances When a Modification to the Auditor\u2019s Opinion is<\/span><\/p>\n

    Required, Qualified, Adverse, Disclaimer of Opinion (SA 705 Modification to the Opinion in the Independent Auditor\u2019s Report); Qualification, Disclaimer, Adverse opinion, SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor\u2019s Report; Nature of Comparative Information; Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information- Corresponding Figures and Comparative Financial Statements)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    12. Audit of Banks<\/span><\/p>\n<\/td>\n

    		\n

    Understanding of accounting system in Banks, Audit Approach, Audit of Revenue items, Special Consideration in Bank Audit with emphasis on Advances and NPAs.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    13. Audit of Different Types of Entities<\/span><\/p>\n<\/td>\n

    		\n

    Appointment of Auditor, Audit Procedure and Audit Report in respect of different Category of Entities: Government; Local bodies and Not-for-profit organizations; Partnership Firms, Audit of different type of undertakings, i.e., Educational institutions, Hotels, Clubs, Hospitals Basics of Limited Liability Partnerships (LLPs) audit and Co-operative Societies Audit<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

    Paper-7 Enterprise Information Systems & Strategic Management (100 marks)<\/span><\/h3>\n
    \n
    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n

    SECTION A : ENTERPRISE INFORMATION SYSTEMS (50 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Objective: To develop an understanding of technology Information Systems and their impact on enterprise-wide processes, risks, and controls<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Automated Business Processes<\/span><\/p>\n<\/td>\n

    		\n

    (i) Introduction to Enterprise Business Processes, Benefits, Risks and Controls;<\/span><\/p>\n

    (ii) Diagrammatic representation of business processes using Flowcharts;<\/span><\/p>\n

    (iii) Risks and controls for specific business processes: Procure to Pay (P2P), Order to<\/span><\/p>\n

    cash, Inventory Cycle, Hire to Retire, Supply Chain Management, Fixed Assets etc.<\/span><\/p>\n

    (iv) Applicable regulatory and compliance requirements including computer-related<\/span><\/p>\n

    offences, privacy, cyber-crime, Sensitive Personal Data Information of Information<\/span><\/p>\n

    Technology Act, 2000<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2. Financial and Accounting Systems<\/span><\/p>\n<\/td>\n

    		\n

    (i) Integrated (ERP) and non-integrated systems with related risks and controls;<\/span><\/p>\n

    (ii) Business process modules and their integration with Financial and Accounting<\/span><\/p>\n

    systems.<\/span><\/p>\n

    (iii) Reporting Systems and MIS, Data Analytics and Business Intelligence<\/span><\/p>\n

    (iv) Business Reporting and fundamentals of XBRL (eXtensible Business Reporting<\/span><\/p>\n

    Language).<\/span><\/p>\n

    (v) Applicable regulatory and compliance requirements<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Information Systems and Its Components<\/span><\/p>\n<\/td>\n

    		\n

    (i) Components of Automated Information Systems: Application Systems, Database,<\/span><\/p>\n

    Network and Operating System with related risks and controls.<\/span><\/p>\n

    (ii) Mapping of Organization structure with segregation of duties in Information<\/span><\/p>\n

    Systems.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. E-commerce, M-commerce and Emerging Technologies<\/span><\/p>\n<\/td>\n

    		\n

    (i) Components and Architecture of E-Commerce and M-Commerce with related risks<\/span><\/p>\n

    and controls<\/span><\/p>\n

    (ii) Business process flow with its related risks and controls<\/span><\/p>\n

    (iii) Applicable regulatory and compliance requirements<\/span><\/p>\n

    (iv) Emerging technologies with its related risks and controls<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    5. Core Banking Systems<\/span><\/p>\n<\/td>\n

    		\n

    (i) Components and Architecture of CBS and related risks and controls<\/span><\/p>\n

    (ii) Core modules of banking and Business process flow and its related risks and<\/span><\/p>\n

    controls<\/span><\/p>\n

    (iii) Reporting Systems and MIS, Data Analytics and Business Intelligence<\/span><\/p>\n

    (iv) Applicable regulatory and compliance requirements<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    SECTION B: STRATEGIC MANAGEMENT (50 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Objectives To develop an understanding of strategic management concepts and techniques and acquire the ability to apply the same in business situations.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Introduction to Strategic Management<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Business Policy<\/span><\/p>\n

    \u2022 Meaning and Nature of Strategic management<\/span><\/p>\n

    \u2022 Business Strategy<\/span><\/p>\n

    \u2022 Strategic Levels in Organizations<\/span><\/p>\n

    \u2022 Strategic Management in Government and Not-for-profit organizations<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2. Dynamics of Competitive Strategy<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Competitive Landscape<\/span><\/p>\n

    \u2022 Strategic Analysis<\/span><\/p>\n

    \u2022 Industry and Competitive Analysis<\/span><\/p>\n

    \u2022 Core Competence<\/span><\/p>\n

    \u2022 Competitive Advantage<\/span><\/p>\n

    \u2022 Internal and External Analysis<\/span><\/p>\n

    \u2022 SWOT Analysis<\/span><\/p>\n

    \u2022 Globalization<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Strategic Management Process<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Strategic Planning<\/span><\/p>\n

    \u2022 Strategic Intent – Vision, Mission and Objectives<\/span><\/p>\n

    \u2022 Strategy Formulation<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. Corporate Level Strategies<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Concepts and Nature of Corporate Strategy<\/span><\/p>\n

    \u2022 Strategic Alternatives at Corporate Level<\/span><\/p>\n

    \u27a2 Stability<\/span><\/p>\n

    \u27a2 Growth\/Expansion<\/span><\/p>\n

    \u27a2 Business Combinations- Merger and Acquisition<\/span><\/p>\n

    \u27a2 Strategic Alliances<\/span><\/p>\n

    \u27a2 Retrenchment\/Turnaround<\/span><\/p>\n

    \u27a2 Combination<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    5. Business Level Strategies<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Competitive Strategies at Business Level<\/span><\/p>\n

    \u2022 Michael Porter\u2019s Generic Strategies<\/span><\/p>\n

    \u2022 Best-Cost Provider Strategy<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    6. Functional Level Strategies<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Marketing Strategy and Financial Strategy<\/span><\/p>\n

    \u2022 Operations Strategy<\/span><\/p>\n

    \u2022 Human Resource Strategy<\/span><\/p>\n

    \u2022 Research and Development<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    7. Organisation and Strategic Leadership<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Organisation Structure<\/span><\/p>\n

    \u2022 Strategic Business Unit<\/span><\/p>\n

    \u2022 Strategic Leadership<\/span><\/p>\n

    \u2022 Strategy Supportive Culture<\/span><\/p>\n

    \u2022 Entrepreneurship and Intrapreneurship<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    8. Strategy Implementation and Control<\/span><\/p>\n<\/td>\n

    		\n

    \u2022 Strategy Implementation<\/span><\/p>\n

    \u2022 Strategic Change<\/span><\/p>\n

    \u2022 Strategic Control<\/span><\/p>\n

    \u2022 Strategy Audit<\/span><\/p>\n

    \u2022 Business Process Reengineering<\/span><\/p>\n

    \u2022 Benchmarking<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

    Paper-8 Financial Management & Economics for Finance (100 marks)<\/span><\/strong><\/h4>\n
    \n
    \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n

    SECTION A: FINANCIAL MANAGEMENT (60 MARKS)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Objective: To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Financial Management and Financial Analysis<\/span><\/p>\n<\/td>\n

    		\n

    (i) Introduction to Financial Management Function<\/span><\/p>\n

      \n
    • \n

      a) Objective and scope of financial management<\/span><\/p>\n<\/li>\n

    • \n

      b) Role and purpose<\/span><\/p>\n<\/li>\n

    • \n

      c) Financial management environment<\/span><\/p>\n<\/li>\n

    • \n

      d) Functions of finance executives in an organization<\/span><\/p>\n<\/li>\n

    • \n

      e) Financial distress and insolvency<\/span><\/p>\n<\/li>\n<\/ul>\n

      (ii) Financial Analysis through Ratios<\/span><\/p>\n

        \n
      • \n

        a) Users of the financial analysis<\/span><\/p>\n<\/li>\n

      • \n

        b) Sources of financial data for analysis<\/span><\/p>\n<\/li>\n

      • \n

        c) Calculation and Interpretation of ratios:<\/span><\/p>\n<\/li>\n

      • \n
          \n
        • \n

          – Analysing liquidity<\/span><\/p>\n<\/li>\n

        • \n

          – Analysing leverage<\/span><\/p>\n<\/li>\n

        • \n

          – Analysing solvency<\/span><\/p>\n<\/li>\n

        • \n

          – Analysing efficiency\/ activity<\/span><\/p>\n<\/li>\n

        • \n

          – Analysing profitability<\/span><\/p>\n<\/li>\n<\/ul>\n<\/li>\n

        • \n

          d) Limitations of ratio analysis<\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

    \n

    2. Financing Decisions<\/span><\/p>\n<\/td>\n

    		\n

    (i) Sources of Finance<\/span><\/p>\n

    a) Different Sources of Finance, Characteristics of different types of long term<\/span><\/p>\n

    debt and equity finance, Method of raising long term finance<\/span><\/p>\n

    b) Different Sources of short term Finance<\/span><\/p>\n

    c) Internal fund as a source of finance<\/span><\/p>\n

    d) International sources of finance<\/span><\/p>\n

    e) Other sources of finance- Lease Financing, Sale and lease back, Convertible<\/span><\/p>\n

    debt, Venture capital, Grants etc.<\/span><\/p>\n

    <\/div>\n

    (ii) Cost of Capital<\/span><\/p>\n

    a) Significance of cost of capital<\/span><\/p>\n

    b) Factors of cost of capital<\/span><\/p>\n

    c) Measurement of costs of individual components of capital<\/span><\/p>\n

    d) Weighted average cost of capital (WACC)<\/span><\/p>\n

    e) Marginal cost of capital<\/span><\/p>\n

    f) Effective Interest rate<\/span><\/p>\n

    <\/div>\n

    (iii) Capital Structure Decisions<\/span><\/p>\n

    a) Significance of capital structure<\/span><\/p>\n

    b) Determinants of capital structure<\/span><\/p>\n

    c) Capital structure planning and designing<\/span><\/p>\n

    d) Designing of optimum capital structure<\/span><\/p>\n

    e) Theories of Capital Structure and value of the firm- relevancy and Irrelevancy<\/span><\/p>\n

    of capital structure.<\/span><\/p>\n

    f) EBIT- EPS Analysis, Breakeven- EBIT Analysis.<\/span><\/p>\n

    g) Under\/ Over Capitalisation<\/span><\/p>\n

    <\/div>\n

    (iv) Leverages<\/span><\/p>\n

    a) Types of Leverages- Operating, Financial and Combined<\/span><\/p>\n

    b) Analysis of leverages<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Capital Investment and Dividend Decisions<\/span><\/p>\n<\/td>\n

    		\n

    (i) Capital Investment Decisions<\/span><\/p>\n

    a) Objective of capital investment decisions<\/span><\/p>\n

    b) Methods of Investment appraisal:<\/span><\/p>\n

    – Payback period, Discounted payback period<\/span><\/p>\n

    – Accounting Rate of Return (ARR),<\/span><\/p>\n

    – Net Present Value (NPV) – The meaning of NPV, Strengths and<\/span><\/p>\n

    limitations of NPV method, The working capital adjustment in an NPV<\/span><\/p>\n

    analysis, Capital rationing, Equivalent Annual Costs,<\/span><\/p>\n

    – Internal Rate of return (IRR)- Limitations of the IRR method, Multiple<\/span><\/p>\n

    IRRs,<\/span><\/p>\n

    – Modified internal Rate of Return (MIRR)- Definition and explanation of<\/span><\/p>\n

    MIRR, The process for calculating MIRR, Strengths of the MIRR<\/span><\/p>\n

    approach.<\/span><\/p>\n

    – Profitability Index<\/span><\/p>\n

    <\/div>\n

    (ii) Adjustment of Risk and Uncertainty in Capital Budgeting Decision<\/span><\/p>\n

    a) Probability Analysis<\/span><\/p>\n

    b) Certainty Equivalent Method<\/span><\/p>\n

    c) Risk Adjusted Discount Rate<\/span><\/p>\n

    d) Scenario Analysis<\/span><\/p>\n

    e) Sensitivity Analysis<\/span><\/p>\n

    <\/div>\n

    (iii) Dividend Decisions<\/span><\/p>\n

    a) Basics of Dividends<\/span><\/p>\n

    b) Forms of dividend<\/span><\/p>\n

    c) Determinants of dividend<\/span><\/p>\n

    d) Relevancy and Irrelevancy of Dividend Policies- Traditional Approach, Walter\u2019s<\/span><\/p>\n

    model, Gordon\u2019s model, Modigliani and Miller (MM) Hypothesis.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. Management of Working Capital<\/span><\/p>\n<\/td>\n

    		\n

    (i) Management of Working Capital<\/span><\/p>\n

    a) The management of working capital- Liquidity and Profitability<\/span><\/p>\n

    b) The Working capital financing decisions- Primary and Secondary Sources of<\/span><\/p>\n

    Liquidity<\/span><\/p>\n

    c) The working Capital Cycle (operating Cycle), Effectiveness of Working Capital<\/span><\/p>\n

    based on its operating and cash conversion cycles<\/span><\/p>\n

    d) Assessment of working capital requirement<\/span><\/p>\n

    e) Management of Accounts Receivables (Debtors)<\/span><\/p>\n

    f) Factoring and Forfaiting<\/span><\/p>\n

    g) Management of Accounts<\/a> Payables (Creditors)<\/span><\/p>\n

    h) Management of Inventory<\/span><\/p>\n

    i) Management of Cash, Treasury management<\/span><\/p>\n

    j) Banking norms of working capital finance<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    SECTION B : ECONOMICS FOR FINANCE (MARKS: 40)<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    Objective: To develop an understanding of the concepts and theories of Economics in the context of Finance and acquire the ability to address application oriented issues.<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    1. Determination of National Income<\/span><\/p>\n<\/td>\n

    		\n

    (i) Macro Economic Aggregates and Measurement of National Income<\/span><\/p>\n

    (ii) The Keynesian Theory of Determination of National Income<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    2. The Money Market<\/span><\/p>\n<\/td>\n

    		\n

    (i) The Concept of Money Demand: Important Theories of Demand for Money<\/span><\/p>\n

    (ii) The Concept of Money Supply<\/span><\/p>\n

    (iii) Monetary Policy<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    3. Public Finance<\/span><\/p>\n<\/td>\n

    		\n

    (i) Fiscal functions: An Overview.<\/span><\/p>\n

    (ii) Market Failure<\/span><\/p>\n

    (iii) Government Interventions to Correct Market Failure<\/span><\/p>\n

    (iv) Fiscal Policy<\/span><\/p>\n<\/td>\n<\/tr>\n

    \n

    4. International Trade<\/span><\/p>\n<\/td>\n

    		\n

    (i) Theories of International Trade<\/span><\/p>\n

    (ii) Trade Policy \u2013 The Instruments of Trade Policy<\/span><\/p>\n

    (iii) Trade Negotiations<\/span><\/p>\n

    (iv) Exchange Rates and its economic effects<\/span><\/p>\n

    (v) International Capital Movements: Foreign Direct Investment<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

    CA Intermediate Exam Pattern 2023<\/a><\/span><\/h3>\n

    Details like mode of exam, type of questions asked in each of the above-mentioned papers, time duration, marking scheme, etc. are provided officially under the CA Intermediate exam pattern 2023. It is vital for candidates to have a better understanding of the paper pattern while commencing their preparations for the CA Intermediate exam 2023.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    In 2023, ca inter syllabus (both New and Old) was unveiled by the Institute of Chartered Accountants of India (ICAI)<\/p>\n","protected":false},"author":1,"featured_media":15813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[],"class_list":["post-15810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ca-exams"],"_links":{"self":[{"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/posts\/15810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/comments?post=15810"}],"version-history":[{"count":7,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/posts\/15810\/revisions"}],"predecessor-version":[{"id":15973,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/posts\/15810\/revisions\/15973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/media\/15813"}],"wp:attachment":[{"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/media?parent=15810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/categories?post=15810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/capsbeniwal.com\/blog\/wp-json\/wp\/v2\/tags?post=15810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}