CA Intermediate Subjects 2024: Check ICAI Inter Exam Subject List

The Institute of Chartered Accountants of India (ICAI) has determined the CA Intermediate subjects 2024 which are included in group 1 and group 2 of CA Intermediate syllabus 2024. Candidates can go through the notification to get an idea of CA Intermediate exam Subjects and syllabus. Read the article for syllabus updates and related information.

CA Intermediate 2024 Papers/ Subjects

There are eight subjects of CA Intermediate exam. Candidates can take the exam as either one group or combination of both groups. Mode of entry to CA Intermediate 2024 exam is of two ways viz Entry to CA Intermediate after qualifying CA Foundation 2024 exam, Direct entry to CA Intermediate after Graduation.

Apart from the mode of entry, candidates need to clear all the eight papers of CA Intermediate 2024 exam pattern. The following subjects are included in the CA Intermediate 2024 exam. They are:

  • Paper 1 – Accounting
  • Paper 2 – Corporate and Other Laws
  • Paper 3 – Cost and Management Accounting
  • Paper 4 – Taxation
  • Paper 5 – Advanced Accounting
  • Paper 6 – Auditing & Assurance
  • Paper 7 – Enterprises Information Systems and Strategic Management
  • Paper 8 – Financial Management & Economics for Finance

Candidates ought to prepare the latest topics included in the above subjects as per ICAI notification. They are:

Paper 1 – Accounting

In this paper, candidates learn to acquire the ability to apply scientific standards and legislations to different transactions.

  • Introduction to Accounting Standards
  • Framework for Preparation and Presentation of Financial Statements
  • Overview of Accounting Standards
  • Financial Statements of Companies
  • Profit or Loss Pre and Post Incorporation
  • Accounting for Bonus Issue and Right Issue
  • Redemption of Preference Shares
  • Redemption of Debentures 
  • Investment Accounts
  • Insurance Claim for Loss of Stock and Loss of of Profit
  • Hire Purchase and Installment Sale Transactions
  • Departmental Accounts
  • Accounting for Branches including Foreign Branches
  • Accounts from Incomplete Records

Paper 2 – Corporate Laws and Other Laws

The paper comprises of company law and other laws as two parts

Company Law

  • Preliminary
  • Incorporation of company and Matters Incidental Thereto
  • Prospectus and Allotment of Securities
  • Share Capital and Debentures
  • Acceptance of Deposits by Companies
  • Registration of Charges
  • Management and Administration
  • Declaration and Payment of Dividend
  • Accounts of Companies
  • Audit and Auditors

Other Laws

  • The Indian Contract Act, 1872
  • The Negotiable Instruments Act, 1881
  • The General Clauses Act, 1897
  • Interpretation of Statutes

Paper 3 – Cost and Management Accounting

In this paper, candidates ought to study about

  • Introduction to Cost and Management Accounting
  • Material Cost
  • Employee Cost
  • Overheads: Absorption Costing Method
  • Activity Based Costing
  • Cost Sheet
  • Cost Accounting System
  • Unit and Batch Costing
  • Job Costing and Contract Costing
  • Process and Operation Costing
  • Joint Products & By products
  • Service costing
  • Standard Costing
  • Marginal Costing
  • Budget and Budgetary control

Paper 4 – Taxation

The paper involves the laws related to Income tax and Indirect Taxes

Income Tax Law

  • Basic Concepts
  • Residence and Scope of Total Income
  • Incomes Which Do Not Form Part of Total Income
  • Heads of Income
  • Incomes of Other Persons Including Assessee’s Total Income
  • Aggregation of Income, Set-Off and Carry Forward of Losses
  • Deductions from Gross Total Income
  • Computation of Total Income and Tax Payable
  • Advance Tax, Tax Deduction at Source and Introduction to Tax Collection at Source
  • Provisions of Filing Return of Income and Self Assessment

Indirect Taxes

  • GST in India – Introduction
  • Supply Under GST
  • Charge of GST
  • Exemptions from GST
  • Time and Value of Supply
  • Input Tax Credit
  • Registration 
  • Tax Invoice
  • Payment of Tax
  • Returns

Paper 5 – Advanced Accounting

The paper includes the following syllabus as

  • Application of Accounting Standards
  • Partnership Accounts
  • Accounting for Employee Stock Option Plans
  • Buyback of Securities and Equity Shares with Differential Rights
  • Amalgamation of Companies
  • Internal Reconstruction
  • Liquidation of Companies
  • Financial Statements of Banking Companies
  • Non- Banking Financial Companies
  • Consolidated Financial Statements

Paper 6 – Auditing and Assurance

The following topics are studied within the subject

  • Nature, Audit and Scope of Audit
  • Audit Strategy, Audit Planning, Audit Programme
  • Audit Documentation and Audit Evidence
  • Risk Assessment and Internal Control
  • Fraud and Responsibilities of the Auditor in this Regard
  • Audit in an Automated Environment
  • Audit Sampling
  • Analytical Procedures
  • Audit of Items of Financial Statements
  • The Company Audit
  • Audit Reports
  • Audit of Banks
  • Audit of Different Types of Entities

Paper 7 – Enterprise Information System and Strategic Management

As per name, the paper is divided into two sections

Enterprise Information System

  • Automated Business Processes
  • Financial and Accounting System
  • Information System and its Components
  • E-commerce, M-commerce and Emerging Technologies
  • Core Banking Systems

Strategic Management

  • Introduction
  • Dynamics of Competitive Strategy
  • Strategic Management Process
  • Corporate Level Strategies
  • Business Level Strategies
  • Functional Level Strategies
  • Organizational and Strategic Leadership
  • Strategy Implementation and Control

Paper 8 – Financial Management and Economics for Finance

The last paper that is studied by candidates involves the two sections 

Financial Management

  • Scope and Objectives of Financial Management
  • Types of Financing
  • Financial Analysis and Planning – Ratio Analysis
  • Cost of Capital
  • Financing Decisions – Capital Structures
  • Financial Decisions – Leverages
  • Investment Decisions
  • Risk Analysis in Capital Budgeting
  • Dividend Decisions
  • Management of Working Capital

Economics for Finance

  • Determination of National Income
  • Public Finance 
  • Money Market
  • International Trade

Also read

Best Books for CA Intermediate 2024 Subjects

The following table comprises recommended books suggested by experts to prepare for the CA Intermediate 2024 Subjects.

SubjectBookAuthor
Taxation CA Intermediate Group I Test SeriesPadhai Wale
Accounting Accounting for CA IntermediateM.K.Gupta
Corporate Laws and Other LawsCA Inter A Handbook of Corporate and Other LawsMunish Bhandari
Financial ManagementFinancial  ManagementP.C.Tusian
Auditing and AssuranceQuestion Bank on Auditing and AssuranceG. SekarB. Saravana Prasath

Exam Preparation Tips for CA Intermediate 2024 Subjects

The following exam tips are suggested by experts to prepare for the CA Intermediate subjects 2024. Aspirants who are beginners to CA exams may follow the strategies to face the examination and clear the same in a single attempt. 

  • Always get the CA Intermediate 2024 subjects and topics from the official site.
  • Go through the topics included in the CA Intermediate syllabus 2024 once or twice and cover entire syllabus around a month before CA Inter Exam Date 2024.
  • Choose suitable books that cover all the latest CA Intermediate 2024 Syllabus also simple in language.
  • Try to cover all the topics prescribed in the syllabus.
  • Take mock tests from online apps to improve your preparation. Repeat the mock tests to ace up your preparation.
  • Gather CA Intermediate sample papers to practice. Previous year question papers enable you to understand the exam pattern, weightage of questions in every section, etc.
  • Evaluate the solved out CA Intermediate 2024 sample papers to deduct the weaker portions and focus on it.
  • Revise regularly and repeat your preparation till the exam date.

FAQs Related to CA Intermediate 2024 Subjects

How many papers are included in CA Intermediate Subjects 2024?

ICAI includes eight papers for group I and group II each 4 papers to be prepared for CA Intermediate subjects 2024.

Where do I get CA Intermediate Subjects 2024?

Candidates can get the CA Intermediate 2024 subjects and related information from the official site ICAI portal.