CA Intermediate Subject
CA Intermediate Subjects Candidates can join the CA-Intermediate course either by clearing the Foundation level or through the Direct Entry route, which is available to graduates/postgraduates with the required marks or those who have cleared the CMA or CS Intermediate exams. The CA Intermediate Subjects divided into Two Groups, Six Papers Group I 1. Advanced Accounting (100 marks) 2. Corporate & Other laws (100 marks) 3. Taxation – Section A – Income-Tax law (50 marks) – Section B – Indirect Taxes (50 marks) Group II 4. Cost & Management Accounting (100 marks) 5. Auditing & Ethics (100 marks) 6A. Financial Management (50 marks) 6B. Strategic Management (50 marks) PAPER 1: ADVANCED ACCOUNTING (100 MARKS) Objective CA Intermediate subjects aim to develop the skills to apply relevant accounting standards and regulations to various transactions and events and prepare and present financial statements for diverse business entities. Contents 1. The process of developing Accounting Standards, including Indian Accounting Standards (Ind AS) aligned with IFRS, and International Financial Reporting Standards (IFRS); a comparison between convergence and adoption; and an understanding of the objectives and principles behind carve-outs. 2. The framework for preparing and presenting financial statements by Accounting Standards. 3. (i) The relevance and application of Accounting Standards across different types of entities. (ii) Implementation of Accounting Standards: Accounting Standard 1 – Disclosure of Accounting Policies Accounting Standard 2 – Inventory Valuation Accounting Standard 3 – Statement of Cash Flows Accounting Standard 4 – Uncertainties and Events Arising After the Balance Sheet Date Accounting Standard 5 – Net profit or loss for the period, adjustments from prior periods, and modifications to accounting policies. Accounting Standard 7 – Accounting for Construction Contracts Accounting Standard 9 – Recognition of Revenue Accounting Standard 10 – Fixed Assets: Property, Plant, and Equipment Accounting Standard 11 – Impact of Foreign Exchange Rate Fluctuations Accounting Standard 12 – Recording and Reporting of Government Grants Accounting Standard 13 – Accounting For Investments Accounting Standard 14 – Amalgamation Accounting (Excluding Inter-Company Holdings) Accounting Standard 15 – Accounting for Employee Benefits Accounting Standard 16 – Accounting for Borrowing Costs Accounting Standard 17 – Reporting by Business Segments Accounting Standard 18 – Disclosure of Related Party Transactions Accounting Standard 19 – Accounting for Leases Accounting Standard 20 – Calculation of Earnings Per Share (EPS) Accounting Standard 21 – Consolidated Financial Statements of a Single Subsidiary (Excluding Issues Related to Acquisition of Interest at Different Dates, Cross-Holding, Disposal of Subsidiary, and Foreign Subsidiaries) Accounting Standard 22 – Accounting For Taxes Accounting Standard 23 – Accounting for investments in associates as part of consolidated financial statements. Accounting Standard 24 – Handling discontinued operations. Accounting Standard 25 – Reporting of Interim Financial Statements Accounting Standard 26 – Accounting for Intangible Assets Accounting Standard 27 – Accounting for Interests in Joint Ventures Accounting Standard 28 – Accounting for Asset Impairment Accounting Standard 29 – Accounting for Provisions, Contingent Liabilities, and Contingent Assets 4. Accounting for Companies as covered in CA Intermediate subjects (i) Schedule III of the Companies Act, 2013 (ii) Preparation of Financial Statements – Income Statement, Balance Sheet, and Cash Flow Statement (iii) Repurchase of Shares or Securities (iv) Accounting for Company Reconstruction 5. Accounting for Branches, including International Branches, as taught in CA Intermediate subjects PAPER 2: CORPORATE AND OTHER LAWS (100 MARKS) PART I– COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW (70 MARKS) Objective To gain a thorough understanding of legal provisions and develop the ability to analyze and apply these laws in real-world scenarios, as emphasized in CA Intermediate subjects. Contents I The Companies Act, 2013: Covering key regulations and the drafting of notices, resolutions, and other related documents, as part of the ca intermediate subjects . 1. Introduction to Preliminary Matters 2. Company Incorporation and Related Matters 3. Issuance of Prospectus and Allocation of Securities 4. Equity Capital and Debentures 5. Company’s Acceptance of Deposits 6. Charge Registration 7. Corporate Management and Administration 8. Dividend Declaration and Distribution 9. Financial Statements of Companies 10. Auditing and the Role of Auditors 11. Companies Established Outside India II The Limited Liability Partnership ACT, 2008, Along With Key Regulations PART II- OTHER LAWS (30 MARKS) Objective 1. To gain a comprehensive understanding of the General Clauses Act, as covered in CA Intermediate subjects. 2. To gain a thorough understanding of the principles and rules for interpreting statutes. 3. To acquire a fundamental understanding of the Foreign Exchange Management Act, 1999. Contents 1. The General Clauses Act, 1897: Key Definitions, Scope and Applicability, General Interpretation Rules, Powers and Authorities, Provisions Relating to Orders, Rules, and Other Enactments, along with Miscellaneous Provisions. 2. Interpretation of Statutes: Principles and Rules for Statutory Interpretation, Tools for Interpretation, and Guidelines for Interpreting Deeds and Documents. 3. The Foreign Exchange Management Act, 1999: Key Definitions and Concepts Related to Current and Capital Account Transactions. PAPER 3: TAXATION (100 MARKS) SECTION A: INCOME TAX LAW (50 MARKS) Objective 1. To gain a comprehensive understanding of the provisions under income tax law. 2. CA Intermediate subjects taxation aim to develop the ability to apply these provisions in solving problems and addressing practical, real-world issues. Contents 1. Basic concepts: – Introduction to Income Tax Law – Key concepts in income tax law, including terms such as person, assessee, previous year, assessment year, income, and agricultural income. – Foundation of the Tax Liability – Procedure for calculating total income and determining the tax payable for individuals. 2. CA Intermediate subjects cover residential status and the calculation of total income: