CA Intermediate Syllabus & Subjects May 2023 - Paper Wise Syllabus, Important Topics, Exam Pattern
CA Intermediate Syllabus 2023 - The Institute of Chartered Accountants of India (ICAI) has released the CA Intermediate 2023 syllabus on its official website - icai.org. Candidates can download the CA Intermediate 2023 syllabus in pdf format from the BoS Knowledge Portal of the official ICAI website. Candidates who have registered for the May session exam must keep the syllabus as their first reference point before commencing their preparation. Any further amendments in the CA Intermediate syllabus May 2023 will also be updated in this article. CA Intermediate exams will be conducted twice in 2023 - once in May and then in November.
Latest Updates for CA Intermediate Exam
- 09 Jan 2023:
- 25 Oct 2022:
ICAI CA Intermediate admit cards out, to download - Click here
- 31 Aug 2022:
ICAI has extended the last date to fill CA exam form for November session till September 7, 2022 without late fees - Read to know more
Stay up-to date with CA Intermediate Exam News
The CA Intermediate question paper is based on the syllabus provided by ICAI. Candidates should be aware that ICAI will form the question paper only on the basis of the new syllabus. Thus, before starting their preparation for the CA Intermediate exams, it is vital for candidates to check the official syllabus and formulate a study plan accordingly. Complete information related to the CA Intermediate exams, topics and sub-topics covered are mentioned in the syllabus.
CA Inter Syllabus for May 2023 (New Course)
As per the exam pattern of CA Intermediate 2023, there are eight papers of 100 marks each. Candidates need to focus on these papers while preparing for the exam. The eight papers are split into two different groups.
Paper included in CA Intermediate 2023 exam
Corporate and Other Laws
Cost and Management Accounting
Auditing and Assurance
Enterprise Information Systems & Strategic Management
Financial Management & Economics for Finance
Comprehensive CA Intermediate Syllabus 2023
On the basis of papers mentioned above, the CA Intermediate syllabus for the May 2023 exams is as follows.
There are four papers in Group-I of CA Intermediate syllabus May 2023.
Paper 1 - Accounting (100 marks)
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.
1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. 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
4. Company Accounts
(i) Preparation of financial statements - Statement of Profit and Loss, Balance Sheet
and Cash Flow Statement;
(ii) Managerial Remuneration;
(iii) Profit (Loss) prior to incorporation;
(iv) Accounting for bonus issue and right issue;
(v) Redemption of preference shares;
(vi) Redemption of debentures
5. Accounting for Special Transactions:
(ii) Insurance claims for loss of stock and loss of profit;
(iii) Hire- purchase and Instalment sale transactions
6. Special Type of Accounting
(i) Departmental Accounting;
(ii) Accounting for Branches including foreign branches;
(iii) Accounts from Incomplete Records
Paper 2 - Corporate and Other Laws (100 marks)
PART I – COMPANY LAW (60 MARKS)
Objective - To develop an understanding of the provisions of company law and acquire the ability to address application-oriented issues.
The Companies Act, 2013 – Sections 1 to 148
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 (40 MARKS)
Objective - (a) To develop an understanding of the provisions of select legislations and acquire the ability to address application-oriented issues.
(b) To develop an understanding of the rules for interpretation of statutes
1. The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards)
Contract of Indemnity and Guarantee, Bailment, Pledge, Agency
2. 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
3. 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
4. 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 (100 marks)
(a) To develop an understanding of the basic concepts and applications to establish the cost
associated with the production of products and provision of services and apply the same
to determine prices.
(b) To develop an understanding of cost accounting statements.
(c) To acquire the ability to apply information for cost ascertainment, planning, control and
1. Overview of Cost and Management Accounting
(i) Introduction to Cost and Management Accounting-
a) Objectives and Scope of Cost and Management Accounting,
b) The users of Cost and Management accounting information, Functions of
c) Role of cost accounting department in an organisation and its relation with
d) Installation of Costing System
e) Relationship of Cost Accounting, Financial Accounting, Management
Accounting and Financial Management.
f) Cost terms and Concepts
g) Cost Reduction and Cost Control
h) Elements of Costs
i) Cost behavior pattern, Separating the components of fixed, variable, semivariable and step costs.
j) Methods of Costing, Techniques of Costing.
k) Cost Accounting with use of Information Technology
(ii) Elements of Cost and preparation of Cost Sheets
a) Functional classification and ascertainment of cost
b) Preparation of Cost Sheets for Manufacturing sector and for the Service sector
2. Ascertainment of Cost and Cost Accounting System
(i) Material Cost
a) Procurement procedures- Store procedures and documentation in respect of
receipts and issue of stock, Stock verification,
b) Valuation of material receipts,
c) Inventory control- Techniques of fixing level of stocks
- minimum, maximum, re-order point, safety stock, determination of optimum stock level,
- Determination of Optimum Order quantity- Economic Order Quantity (EOQ),
- Techniques of Inventory control- ABC Analysis, Fast, Slow moving and Non moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable
(VED), Just-in-Time (JIT)
- Stock taking and perpetual inventory system, use of control ratios,
d) Inventory Accounting
(ii) Employee Cost
a) Attendance and Payroll procedures-
- Elements of wages- Basic pay, Dearness Allowance, Overtime, Bonus,
Holiday and leave wages, Allowances and perquisites.
b) Employee Cost Control
c) Employee Turnover- Methods of calculating employee turnover, causes of
employee turnover, effects of employee turnover.
d) Utilisation of Human Resource, Direct and indirect employee Cost, charging of
employee cost, Identifying employee hours with work orders or batches or
e) Remuneration systems and incentive schemes- Premium Bonus Method
(Halsey Plan and Rowan Plan)
a) Functional analysis- Factory, Administration, Selling, Distribution, Research
b) Behavioral analysis- Fixed, Variable and Semi- Variable.
c) Allocation and Apportionment of overheads using Absorption Costing Method.
d) Factory Overheads- Primary and secondary distribution,
e) Administration Overheads- Method of allocation to cost centres or products,
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.
g) Treatment of Research and development cost in cost accounting.
(iv) Concepts of Activity Based Costing (ABC)
(v) Recording and Accounting of Costs
a) Non-integrated Cost Accounting system- Ledger under non-integral system
b) Integrated (Cost and Financial) Accounting system- Ledgers under integral system.
c) Difference between the Non- integrated and Integrated Accounting system.
d) Reconciliation of profit as per Cost and Financial Accounts (under NonIntegrated Accounting System).
3. Methods of Costing
(i) Single Output/ Unit Costing
(ii) Job Costing: Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing.
(iii) Batch Costing: Determination of optimum batch quantity, Ascertainment of cost for
a batch, Preparation of batch cost sheet, Treatment of spoiled and defective work.
(iv) Contract Costing
a) Ascertainment of cost of a contract, Progress payment, Retention money,
Escalation clause, Cost-plus contract, Value of work certified, Cost of Work not
b) Determination Value of work certified, Cost of work not certified, Notional or
Estimated profit from a contact.
(v) Process/ Operation Costing
a) Process cost recording, Process loss, Abnormal gains and losses, Equivalent
units of production, Inter-process profit, Valuation of work in process.
b) Joint Products- Apportionment of joint costs, Methods of apportioning joint cost
over joint products,
c) By-Products- Methods of apportioning joint costs over by-products, treatment
of By-product cost.
(vi) Costing of Service Sectors
a) Determination of Costs and Prices of services
4. Cost Control and Analysis
Paper 4 - Taxation (100 marks)
SECTION A: INCOME TAX LAW (60 MARKS)
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.
1. Basic Concepts
(i) Income-tax law: An introduction
(ii) Important definitions in the Income-tax Act, 1961
(iii) Concept of the previous year and assessment year
(iv) Basis of Charge and Rates of Tax
2. Residential status and scope of total income
(i) Residential status
(ii) Scope of total income
3. Incomes which do not form part of total income (other than charitable trusts and
institutions, political parties and electoral trusts)
(i) Incomes not included in total income
(ii) Tax holiday for newly established units in Special Economic Zones
4. Heads of income and the provisions governing computation of income under
(ii) Income from house property
(iii) Profits and gains of business or profession
(iv) Capital gains
(v) Income from other sources
5. Income of other persons included in assessee's total income
(i) Clubbing of income: An introduction
(ii) Transfer of income without transfer of assets
(iii) Income arising from revocable transfer of assets
(iv) Clubbing of income of income arising to spouse, minor child and son’s wife in
(v) Conversion of self-acquired property into property of HUF
6. Aggregation of income; Set-off, or carry forward and set-off of losses
(i) Aggregation of income
(ii) Concept of set-off and carry forward and set-off of losses
(iii) Provisions governing set-off and carry forward and set-off of losses under different
heads of income
(iv) Order of set-off of losses
7. Deductions from gross total income
(i) General provisions
(ii) Deductions in respect of certain payments
(iii) Specific deductions in respect of certain income
(iv) Deductions in respect of other income
(v) Other deductions
8. Computation of total income and tax liability of individuals
(i) Income to be considered while computing total income of individuals
(ii) Procedure for computation of total income and tax liability of individuals
9. Advance tax, tax deduction at source and introduction to tax collection at source
(ii) Direct Payment
(iii) Provisions concerning deduction of tax at source
(iv) Advance payment of tax
(v) Interest for defaults in payment of advance tax and deferment of advance tax
(vi) Tax collection at source – Basic concept
(vii) Tax deduction and collection account number
10. Provisions for filing return of income and self-assessment
(i) Return of Income
(ii) Compulsory filing of return of income
(iii) Fee and Interest for default in furnishing return of income
(iv) Return of loss
(v) Provisions relating to belated return, revised return etc.
(vi) Permanent account number
(vii) Persons authorized to verify return of income
SECTION B – INDIRECT TAXES (40 MARKS)
1. Concept of indirect taxes
(i) Concept and features of indirect taxes
(ii) Principal indirect taxes
2. Goods and Services Tax (GST) Laws
(i) GST Laws: An introduction including Constitutional aspects
(ii) Levy and collection of CGST and IGST
(iii) Basic concepts of time and value of supply
(iv) Input tax credit
(v) Computation of GST liability
(vii) Tax invoice; Credit and Debit Notes; Electronic way bill
(ix) Payment of tax
There are four paper in Group II also. Candidates have to qualify both groups to pass the CA Intermediate examination.
Paper-5 Advanced Accounting (100 marks)
1. 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
2. To understand and apply financial reporting and regulatory requirements of Banking
Companies and NBFCs
1. Application of Accounting Standards:
AS 4 : Contingencies and Events Occurring After the Balance
AS 5 : Net Profit or Loss for the Period, Prior Period Items and
Changes in Accounting Policies
AS 7 : Construction Contracts
AS 9 : Revenue Recognition
AS 14 : Accounting for Amalgamations
AS 17 : Segment Reporting
AS 18 : Related Party Disclosures
AS 19 : Leases
AS 20 : Earnings Per Share
AS 22: Accounting for Taxes on Income
AS 24 : Discontinuing Operations
AS 26 : Intangible Assets
AS 29 : Provisions, Contingent Liabilities and Contingent Assets.
2. Special Aspects of Company Accounts
(i) Accounting for employee stock option plan;
(ii) Buy back of securities;
(iii) Equity shares with differential rights
3. Reorganization and liquidation of Companies
(i) Accounting for amalgamation (excluding inter-company holding) and
(ii) Accounting involved in liquidation of companies
4. Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof.
5. Consolidated Financial Statements
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)
6. Dissolution of partnership firms including piecemeal distribution of assets;
Amalgamation of partnership firms; Conversion of partnership firm into a
company and Sale to a company; Issues related to accounting in Limited Liability
Paper-6 Auditing and Assurance (100 marks)
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.
1. Nature, Objective and Scope ofAudit
Auditing Concepts: Nature, objective and scope of Audit; Relationship of auditing with
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;
Engagement Standards: Qualities of Auditor, Elements of System of Quality Control
(SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical
Financial Information, and Other Assurance and Related Services Engagements);
Ethical requirements relating to an audit of financial statements; Inherent Limitations of
an audit (SA 200 Overall Objectives of the Independent Auditor and the Conduct of an
Audit in Accordance with Standards on Auditing); Preconditions for an audit; Audit
Engagement; Agreement on Audit Engagement Terms; Terms of Engagement in
Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements); Leadership
Responsibilities for Quality on Audits; Concept of Auditor’s Independence; Threats to Independence; Acceptance and Continuance of Client Relationships and Audit Engagements (SA 220 Quality Control for an Audit of Financial Statements)
2. Audit Strategy, Audit Planning and Audit Programme:
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).
3. Audit Documentation and Audit Evidence:
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’s 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’s 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’s Related Party Relationships & Transactions (SA 550 Related Parties); Meaning of Subsequent Events; Auditor’s 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).
4. Risk Assessment and Internal Control
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.
5. Fraud and Responsibilities of the Auditor in this Regard
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’s 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
6. Audit in an Automated Environment
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
7. Audit Sampling
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)
8. Analytical Procedures
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)
9. Audit of Items of Financial Statements
10. The Company Audit
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
11. Audit Report
Forming an opinion on the Financial Statements; Auditor’s Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements); Types of
Modified Opinion; Circumstances When a Modification to the Auditor’s Opinion is
Required, Qualified, Adverse, Disclaimer of Opinion (SA 705 Modification to the Opinion in the Independent Auditor’s Report); Qualification, Disclaimer, Adverse opinion, SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report; Nature of Comparative Information; Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information- Corresponding Figures and Comparative Financial Statements)
12. Audit of Banks
Understanding of accounting system in Banks, Audit Approach, Audit of Revenue items, Special Consideration in Bank Audit with emphasis on Advances and NPAs.
13. Audit of Different Types of Entities
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
Paper-7 Enterprise Information Systems & Strategic Management (100 marks)
SECTION A : ENTERPRISE INFORMATION SYSTEMS (50 MARKS)
Objective: To develop an understanding of technology enabled Information Systems and their impact on enterprise-wide processes, risks and controls
1. Automated Business Processes
(i) Introduction to Enterprise Business Processes, Benefits, Risks and Controls;
(ii) Diagrammatic representation of business processes using Flowcharts;
(iii) Risks and controls for specific business processes: Procure to Pay (P2P), Order to
cash, Inventory Cycle, Hire to Retire, Supply Chain Management, Fixed Assets etc.
(iv) Applicable regulatory and compliance requirements including computer-related
offences, privacy, cyber-crime, Sensitive Personal Data Information of Information
Technology Act, 2000
2. Financial and Accounting Systems
(i) Integrated (ERP) and non-integrated systems with related risks and controls;
(ii) Business process modules and their integration with Financial and Accounting
(iii) Reporting Systems and MIS, Data Analytics and Business Intelligence
(iv) Business Reporting and fundamentals of XBRL (eXtensible Business Reporting
(v) Applicable regulatory and compliance requirements
3. Information Systems and Its Components
(i) Components of Automated Information Systems: Application Systems, Database,
Network and Operating System with related risks and controls.
(ii) Mapping of Organization structure with segregation of duties in Information
4. E-commerce, M-commerce and Emerging Technologies
(i) Components and Architecture of E-Commerce and M-Commerce with related risks
(ii) Business process flow with its related risks and controls
(iii) Applicable regulatory and compliance requirements
(iv) Emerging technologies with its related risks and controls
5. Core Banking Systems
(i) Components and Architecture of CBS and related risks and controls
(ii) Core modules of banking and Business process flow and its related risks and
(iii) Reporting Systems and MIS, Data Analytics and Business Intelligence
(iv) Applicable regulatory and compliance requirements
SECTION B : STRATEGIC MANAGEMENT (50 MARKS)
Objectives To develop an understanding of strategic management concepts and techniques and acquire the ability to apply the same in business situations.
1. Introduction to Strategic Management
• Business Policy
• Meaning and Nature of Strategic management
• Business Strategy
• Strategic Levels in Organizations
• Strategic Management in Government and Not-for-profit organization
2. Dynamics of Competitive Strategy
• Competitive Landscape
• Strategic Analysis
• Industry and Competitive Analysis
• Core Competence
• Competitive Advantage
• Internal and External Analysis
• SWOT Analysis
3. Strategic Management Process
• Strategic Planning
• Strategic Intent - Vision, Mission and Objectives
• Strategy Formulation
4. Corporate Level Strategies
• Concepts and Nature of Corporate Strategy
• Strategic Alternatives at Corporate Level
➢ Business Combinations- Merger and Acquisition
➢ Strategic Alliances
5. Business Level Strategies
• Competitive Strategies at Business Level
• Michael Porter’s Generic Strategies
• Best-Cost Provider Strategy
6. Functional Level Strategies
• Marketing Strategy and Financial Strategy
• Operations Strategy
• Human Resource Strategy
• Research and Development
7. Organisation and Strategic Leadership
• Organisation Structure
• Strategic Business Unit
• Strategic Leadership
• Strategy Supportive Culture
• Entrepreneurship and Intrapreneurship
8. Strategy Implementation and Control
• Strategy Implementation
• Strategic Change
• Strategic Control
• Strategy Audit
• Business Process Reengineering
Paper-8 Financial Management & Economics for Finance (100 marks)
SECTION A: FINANCIAL MANAGEMENT (60 MARKS)
Objective: To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.
1. Financial Management and Financial Analysis
(i) Introduction to Financial Management Function
(ii) Financial Analysis through Ratios
2. Financing Decisions
(i) Sources of Finance
a) Different Sources of Finance, Characteristics of different types of long term
debt and equity finance, Method of raising long term finance
b) Different Sources of short term Finance
c) Internal fund as a source of finance
d) International sources of finance
e) Other sources of finance- Lease Financing, Sale and lease back, Convertible
debt, Venture capital, Grants etc.
(ii) Cost of Capital
a) Significance of cost of capital
b) Factors of cost of capital
c) Measurement of costs of individual components of capital
d) Weighted average cost of capital (WACC)
e) Marginal cost of capital
f) Effective Interest rate
(iii) Capital Structure Decisions
a) Significance of capital structure
b) Determinants of capital structure
c) Capital structure planning and designing
d) Designing of optimum capital structure
e) Theories of Capital Structure and value of the firm- relevancy and Irrelevancy
of capital structure.
f) EBIT- EPS Analysis, Breakeven- EBIT Analysis.
g) Under/ Over Capitalisation
a) Types of Leverages- Operating, Financial and Combined
b) Analysis of leverages
3. Capital Investment and Dividend Decisions
(i) Capital Investment Decisions
a) Objective of capital investment decisions
b) Methods of Investment appraisal:
- Payback period, Discounted payback period
- Accounting Rate of Return (ARR),
- Net Present Value (NPV) - The meaning of NPV, Strengths and
limitations of NPV method, The working capital adjustment in an NPV
analysis, Capital rationing, Equivalent Annual Costs,
- Internal Rate of return (IRR)- Limitations of the IRR method, Multiple
- Modified internal Rate of Return (MIRR)- Definition and explanation of
MIRR, The process for calculating MIRR, Strengths of the MIRR
- Profitability Index
(ii) Adjustment of Risk and Uncertainty in Capital Budgeting Decision
a) Probability Analysis
b) Certainty Equivalent Method
c) Risk Adjusted Discount Rate
d) Scenario Analysis
e) Sensitivity Analysis
(iii) Dividend Decisions
a) Basics of Dividends
b) Forms of dividend
c) Determinants of dividend
d) Relevancy and Irrelevancy of Dividend Policies- Traditional Approach, Walter’s
model, Gordon’s model, Modigliani and Miller (MM) Hypothesis.
4. Management of Working Capital
(i) Management of Working Capital
a) The management of working capital- Liquidity and Profitability
b) The Working capital financing decisions- Primary and Secondary Sources of
c) The working Capital Cycle (operating Cycle), Effectiveness of Working Capital
based on its operating and cash conversion cycles
d) Assessment of working capital requirement
e) Management of Accounts Receivables (Debtors)
f) Factoring and Forfaiting
g) Management of Accounts Payables (Creditors)
h) Management of Inventory
i) Management of Cash, Treasury management
j) Banking norms of working capital finance
SECTION B : ECONOMICS FOR FINANCE (MARKS: 40)
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.
1. Determination of National Income
(i) Macro Economic Aggregates and Measurement of National Income
(ii) The Keynesian Theory of Determination of National Income
2. The Money Market
(i) The Concept of Money Demand: Important Theories of Demand for Money
(ii) The Concept of Money Supply
(iii) Monetary Policy
3. Public Finance
(i) Fiscal functions: An Overview.
(ii) Market Failure
(iii) Government Interventions to Correct Market Failure
(iv) Fiscal Policy
4. International Trade
(i) Theories of International Trade
(ii) Trade Policy – The Instruments of Trade Policy
(iii) Trade Negotiations
(iv) Exchange Rates and its economic effects
(v) International Capital Movements: Foreign Direct Investment
CA Intermediate Exam Pattern 2023
Details like mode of exam, type of questions asked in each of the above-mentioned papers, time duration, marking scheme etc. are provided official under 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.
Frequently Asked Question (FAQs) - CA Intermediate Syllabus & Subjects May 2023 - Paper Wise Syllabus, Important Topics, Exam Pattern
Question: How many papers are there in CA Intermediate 2023 exams?
There are a total of 8 papers included in CA Intermediate exam. These papers are equally divided into two groups.
Question: What is the syllabus of CA Intermediate 2023?
Candidates can find complete information related to the topics and subtopics covered in the CA Intermediate exam.
Question: Is there any change in CA Intermediate syllabus for 2023 exams?
Any changes in the CA Intermediate syllabus will be notified by ICAI in advance.
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Questions related to CA Intermediate Exam
what is the exam pattern of of the CMA exam ? Is it discriptive or objective?
CMA or Cost and Management Accounting is a certificate course providing CMA designation to the qualifiers. CMA has both descriptive and objective questions. CMA foundation is a mixture of questions. It is a three hour long exam conducted by ICMAI and it is a paper based on mainly class 12th concepts.
CMA examination has a mixture of objective and descriptive questions.
I hope this helps,
All the best
who is the best univercity from CA
Hope you are doing great. A common course that covers accounting, taxation, financial analysis, and financial economics is called chartered accountancy, or CA. The three-level CA course offered in India is in high demand both domestically and internationally. Delhi, Bangalore, Mumbai, and Ahmedabad are a few of the most well-known Indian cities for studying accounting. Students frequently see each other studying B.Com and CA at the same time. Students from Nepal are also seen travelling to India to enroll in a CA programme in addition to students from India.
In India, CA programmes are typically offered by private and semi-government institutions. The Institute of Chartered Accountants of India (ICAI) considers the students certified and qualified Chartered Accountants after they complete this course (CAs).
Top CA Colleges in India:
- Vista Academy, Dehradun
- ETEN CA, Guwahati
- PIRON Scholl of Business and Finance, Mumbai
- Siddhartha Academy, Thane
- Navkar Institute, Ahmedabad
- The Institute of Chartered Accountants of India (ICAI), Noida
- Indian Institute of Finance and Accounts, Pune
- Pearn Accountants, International Accountants and Business Consultants, Kochi
- Zell Education Mumbai
- CMS For CA, Hyderabad
- PIRON School of Business and Finance, Bangalore
- International School of Financial Studies, Secunderabad
ALL THE BEST
i have arrears in 3rd and 4th semester. can i join for ca inter exams. the results will be published in mid august
Yes, you can below provisional scheme.
Eligibility standards for registering to ICAI CA Direct Entry Scheme is given below
Students who're graduate from trade heritage with 55% mark.
A scholar who's graduate with technological know-how or arts heritage with 60 % marks.
Students who've exceeded the CA Intermediate degree exam of the Institute of Company Secretaries of India or the Institute of Cost Accountants of India.
Students who're performing for the very last 12 months of Graduation also can sign up below the provisional scheme.*what's a Provisional Scheme: A scholar is permitted to sign up for Intermediate degree, at some point of his very last 12 months of commencement with an assumption that he's going to clean his coming tests and may be graduate. He desires to post the evidence of being graduate inside six months of making use of below Provisional Scheme. After being registered below Provisional Scheme, college students can go through ICITSS education for four weeks. If college students fail to post the evidence inside stated duration the registration for the route receives cancelled, with none refund of fees.
hope it helps.
Currently, Im doing my bba and my 2nd semester has just ended. As i want to start my ca preparation, my question is should i prepare for ca foundation exam or directly for ca intermediate exam?
For being eligible for the direct entry route in CA i.e for giving CA Intermediate exam directly without apppearing for the CA foundation exam you need to atleast complete your graduation. Since you have just completed your second semester exam you are not eligible for the direct entry route as you have not completed your graduation. Hence, you must prepare for your CA foundation exam first . Only when you clear CA foundation you will be eligibe for appearing for your CA intermediate exam.
Hope this helps
I have passed Graduation with B.A Streem with 71% , Can I apply for CA Intermediate ?
To become a CA one needs to go through given 4 levels, listed below :-
1) ca foundation
2 ) ca intermediate
3) articleship Training
4 )ca final
>>>>>>>>> Class 12th pass students need to start with foundation
>>>>>>>>>>> while graduates
commerce graduates with at least 55%
and non commerce graduate with at least 60% in their graduation
don't have to go through CA Foundation, they can start directly start from level 2 i. e CA Intermediate through direct scheme.
As you are a BA i. e non- commerce graduate with 71 % i. e more than 60 % , so yes, you can definitely directly start with CA Intermediate through direct entry scheme .
To register you need to visit the official website i. e icai.org (http://icai.org/) . And after registration you need at least 8 months of study to appear for CA intermediate examination.
Each level you need to go through is described below briefly :-
----------------) 2. CA Intermediate
In your CA Intermediate, you have 2 groups with 4 papers or subjects in each group
>>>>>CA Intermediate Group 1:- You have following subjects :-
* cost and management accounting
*corporate and Other laws
>>>>>CA Intermediate Group 2:- You have following subjects :-
*enterprise information systems & strategic management
*auditing and assurance
*financial management & economics for finance
In oder to clear CA intermediate , you need at least 40% marks individually in each subjects and at least 50% in overall aggregate .
----------------) 3. Articleship Training
You can register for articleship after 1 or both groups of CA Intermediate. Articleship Training is of 3 years. During the last 2 years of your Articleship Training you have to complete your AICITSS i. e Advanced Integrated Course on Information Technology and Soft Skills
----------------) 4. CA Final Group
After qualifying both groups of CA Intermediate, you become eligible for CA Final registration. And can appear in CA final examinations either after completion of your Articleship Training or when you are in the last 6 months of your articleship training.
There are 2 groups with 4 subjects in each which are given below:-
>>>>>CA Final Group 1:
*advanced auditing and professional ethics
*strategic financial management
*corporate and allied Laws
>>>>>CA Final Group 2:
*advanced Management Accounting
*direct Tax Laws
*indirect Tax Laws
*information Systems Control and Audit
After the completion of articleship training and clearing CA Final , you become eligible for applying for the membership of the Institute of Chartered Accountants of India after which become a CA.
For detailed information visit