ICAI CA Syllabus & Subjects for Foundation, Inter & Final (2024)

ICAI CA Exams

• CA Foundation
• CA Intermediate
• CA Final

• CA Foundation: 4 
• CA Intermediate: 6
• CA Final: 6

Twice in a year

• May
• November

CA Exams Syllabus 2024

PDF Link 

Module-1

Module-2

Chapter 2: Accounting Process: 

• Preparation of Trial Balance
• Rectification of Errors etc,

Paper 1 Sec A: Business Laws

Paper 2 Sec B: Business Correspondence and Reporting

Chapter 3: Vocabulary

Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes,  Phrasal verbs, Collocations & Idioms.

Part A: Business Mathematics

Part B: Logical Reasoning

Part-C: Statistics

Part I: Business Economics

Part 2: Business and Commercial Knowledge

Syllabus for CA Intermediate Course May 2024

Paper - 1: Accounting:

This Accounting paper comprises 100 marks. Students must have to secure a 40% mark to clear this exam.

Topics under this module:

1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs.
2. Framework for Preparation and Presentation of Financial Statements 
3. Application of Accounting Standards
4. Company Accounts
5. Accounting for Special Transactions
6. Special Type of Accounting
7. Dissolution of partnership firms including piecemeal distribution of assets; 

The amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

Paper - 5: Advanced Accounting:

This paper consists of 100 marks. Students must have to secure 40% to clear the paper.

Topics under this module:

1. Application of Accounting Standards. (AS – 7,9,14,18,19,20,24,26,29)
2. Application of Guidance Notes issued by the ICAI on specific accounting aspects.
3. Special aspects of Company Accounts.
4. Reorganization of Companies.
5. Financial Reporting of Banking, Financial Services, and Insurance.
6. Valuation of Goodwill.
7. Consolidated Financial Statements.

Paper - 2: Business Laws, Ethics, and Communication:

This paper has 2 parts.

One is company law, and another is other laws. These 2 parts carry 50 marks each.

Topics under this module:

1. Preliminary
2. Incorporation of Company and Matters Incidental thereto
3. Prospectus and Allotment of Securities
4. Share Capital and Debentures
5. Acceptance of Deposits by companies
6. Registration of Charges
7. Management and Administration
8. Declaration and Payment of Dividend
9. Accounts of Companies
10. Audit and Auditors

Note- Sections of the Companies Act, 1956 which are still in force will form part of your syllabus.

SECTION – B    Other Laws

Laws covered under this section –

1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The General Clauses Act, 1897
4. Interpretation of Statutes.

Paper - 6: Auditing and Assurance:

This is paper is 100 marks.

Topics under this module:

1. Nature, Objective, and Scope of Audit.
   1. Auditing Concepts.
   2. Standard Setting  Process.
   3. Engagement Standards
2. Audit Strategy, Audit Planning, and Audit Programme.
3. Audit Documentation and Audit Evidence
4. Risk Assessment and Internal Control.
5. Fraud and Responsibilities of an Auditor in this regard.
6. Audit in an Automated Environment.
7. Audit Sampling.
8. Analytical Procedures.
9. Audit of Items of Financial Statements.
10. The Company Audit
11. Audit Report
12. Audit of Banks
13. Audit of Different types of Entities. 

Paper - 4: Taxation

This paper is divided into two sections.

One Section: Income tax law - 50 marks 2nd Section: Indirect taxes -  50 marks also.

SECTION – 1  Income Tax

1. Basic concepts
2. Residential status and scope of total income
3. Income which does not form part of the total income
4. Heads of Income and computation of Income under various heads-
   1. Salaries
   2. Income from House Property
   3. Income from Business and Profession
   4. Capital Gains
   5. Income from other sources
5. Income of other persons included in assessees total income
6. Aggregation of Income, Set off or Carry forward and set off of losses.
7. Deduction from the Gross Total Income
8. Computation of total income and tax liability of Individuals.
9. Advance Tax, Tax deduction at source, and Introduction to Tax Collection at Source
10. Provisions for filing return of Income and Self Assessment.

SECTION – 2nd   Indirect Taxes

Topics covered under this head are-

1. Concept of indirect taxes
2. Concept and features of indirect taxes
3. Principal indirect taxes
4. Goods and Services Tax (GST) Laws
5. GST Laws: An introduction including Constitutional aspects
6. Levy and collection of CGST and IGST
7. Application of CGST / IGST law
8. Concept of supply including composite and mixed supplies
9. Charge of tax
10. Exemption from tax
11. Composition levy

iii. Basic concepts of time and value of supply

1. Input tax credit
2. Computation of GST liability
3. Registration

vii. Tax invoice; Credit and Debit Notes; Electronic way bill

viii. Returns

1. Payment of tax including reverse charge

Paper - 8: Financial Management and Economics for Finance:

This paper also has two sections. 

Section One: Financial Management

Section 2nd: Economics for Finance. 

Both sections carry 100 marks like paper 7.

SECTION – 1:  Financial Management

Topics under this section:

• Financial Management and Financial Analysis.
  • Introduction to the Financial Management Functions
  • Financial Analysis through Ratios
• Financing Decisions
  • Sources of Finance
  • Lease Financing
  • Cost of Capital
  • Capital Structure Decisions
  • Leverages
• Capital Investment and Dividend Decisions
  • Capital Investment Decisions
  • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
  • Dividend Decisions
• Management of Working Capital

These are the topics that you will study in depth under this section.

SECTION – 2nd  Economics for Finance

Topics under this section:

1. Determination of National Income
2. Public Finance
3. The Money Market
4. The International Trade

CA Final Paper 1: Financial Reporting: This paper carries 100 marks. 

CA Final Paper 2: Advanced  Financial Management

CA Final Paper 3: Advanced Auditing and Professional Ethics

CA Final Paper – 4 :Indirect tax laws

CA Final Paper – 5 : Multidisciplinary Case Study

CA Final Paper – 6: Direct Tax Laws and International Taxation