CA Intermediate Course 2022- Eligibility, Registration and Syllabus

Chartered accountants (CA) are the persons who almost deal with the topic of finance like taxation, auditing, business economics. These professional bodies are coming into demand and have become more complex with the effect of GST and demonetization.

The intermediate course is the first step of getting detailed knowledge regarding the financial and accounting aspects. There is a 4 weeks long integrated course of information technology and soft skill where the use of technology is being taught to the students and support is given for the advice and consultancy. 

The total cost of the course is Rs 22000 for a single group including the registration fees, examination fees and others. The eligibility criteria of this course are for the students who have cleared the CA foundation exam or the students who are graduates or postgraduates. The registration for this exam is valid for 4years. There are 2 groups in this course where-

  • Group I consists of accounting corporate law, cost and management accounting and taxation. 
  • Group II consists of advanced accounting, auditing, assurance, eis and economics of finance.
  • It is required to score 40% marks in each subject with 50% marks in total aggregate. 

CA Intermediate Course Eligibility-

  • Students who could not clear the intermediate in one attempt can appear again.
  • Graduates or students who have completed their post-graduate scoring above 55% from commerce and 60% from another stream can also appear for this examination.
  • Students who have appeared in the intermediate level of company secretaries or cost accountants of India can appear for this examination.
  • Students under the provisional scheme who are appearing in the last examination of graduation can also appear for this examination.
  • Candidates who have passed the foundation exam in one attempt with at least 50% marks in total aggregate can appear for the intermediate examination next. 

Students can fill the form for the intermediate examination available on the ICAI website under both routes. 

CA Intermediate Registration process

Certain documents are required during the registration process that acts as pieces of evidence. Students who are appearing in the intermediate level from the foundation route need to submit one attested copy of the mark sheet of class 12 or its equivalent examination. They also need to submit one statement of examination recognized by the central government and a computerized copy of the CA foundation main examination. 

  • Students who applied for the intermediate examination after their graduation or post-graduation need to submit an attested copy of the graduation or post-graduation mark statements.
  • Students who have completed the company secretaries intermediate or cost accountants intermediate level need to submit their mark sheet of that examination. 
  • One recent colour photograph is available in the CA inter registration form. 
  • If the student is a foreigner then one copy of their proof of nationality is required.
  • An attested copy of the special category certificate is required if you belong to the disabled category.

These are the step by step instructions that are required for the Online Registration-

  • First, go to the ICAI website and click on the course registration column.
  • There select the intermediate course registration form and fill in the username and password.
  • The students will receive the OTP for verification of details which will take you to the page of basic details. 
  • After the details are being filled up you need to clear out all the pending details. 
  • After filling in the basic details you need to pay the registration fees which is Rs 11000 for one group and Rs 15000 for both groups. 
  • There are one article ship fees, which is Rs 2000 along with the student activity fees of Rs 1000 for registering both the groups. 
  • In case you are applying through the direct entry scheme then there is no option available to select a group. There is a requirement to pay for both the groups and Rs 200 additional for the registration form. The students need to pay Rs 6500 for ICITSS fees at the same time as registration. 
  • If you are registered under the old scheme then add Rs 500 extra for updating to the new scheme.
  • You can pay via any debit or credit card by mentioning all the details and registration numbers.
  • Then take a printout of the PDF file and paste the passport size photograph then sign it.
  • You need to send the whole documents pile to the regional office that is the attached documents and the PDF file within 7 days of registration. Within a month you will get a registration certificate after completion of the whole procedure. 
  • In case you did not receive the certificate then reprint it again and send the letter to the office. 
  • To clear this level students need to get at least 40% marks in every subject and 50% aggregate in both the groups.

CA Intermediate Course syllabus

CA Intermediate Course Syllabus
Image by Robomate

There are a total of two groups in the intermediate level. Among those-

Group I

  • Paper 1 is accounting which is of 100 marks
  • Paper 2 is corporate laws and other laws which is 100 marks where-
  1. Company laws are 60 marks and 
  2. other laws 40 marks
  • Paper 3 is cost and management accounting which is 100 marks in total
  • Paper 4 is taxation which is 100 marks in which
  1. Section A is an income tax law of 60 marks
  2. Section B is indirect taxes of 40 marks

Group II

  • Paper 5 is advanced accounting of 100 marks
  • Paper 6 is auditing and assurance of 100 marks
  • Paper 7 is enterprise information systems and strategic management of 100 marks
  1. Part I is an enterprise information system of 50 marks and,
  2. Part II is strategic management is 50 marks
  • Paper 8 is financial management and economics for finance of 100 marks. Here
  1. Part I is the financial management of 60 marks and
  2. Part II is the economics of finance that is 40 marks

Paper – 1: Accounting:

Chapters in Accounting in accordance with ICAI study material are

Module-1:

Initial Pages

Chapter 1: Introduction to Accounting Standards

Chapter 2: Framework for Preparation and Presentation of Financial Statements

Chapter 3: Overview of Accounting Standards

Unit 1: Applicability of Accounting Standards
Unit 2: Overview of Accounting Standards

Module-2:

Initial Pages

Chapter 4: Financial Statements of Companies

Unit 1: Preparation of Financial Statements
Unit 2: Cash Flow Statement
Annexure
Chapter 5: Profit or Loss Pre and Post Incorporation

Chapter 6: Accounting for Bonus Issue and Right Issue

Chapter 7: Redemption of Preference Shares

Chapter 8: Redemption of Debentures

Module-3:

Initial Pages

Chapter 9: Investment Accounts

Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit

Chapter 11: Hire Purchase and Instalment Sale Transactions

Chapter 12: Departmental Accounts

Chapter 13: Accounting for Branches Including Foreign Branches

Chapter 14: Accounts from Incomplete Records

Accounting Pronouncements

Initial Pages
Part I: Framework for Preparation and Presentation of Financial Statements
Part II: Applicability of Accounting Standards to various entities
Part III: Accounting Standards
Paper – 2: Business Laws, Ethics and Communication:
Part-1: Company Law
Part-2: Other Laws
Chapters in accordance with Study Material are:

Part I: Company Law:

Initial Pages
Chapter 1: Preliminary
Chapter 2: Incorporation of Company and Matters Incidental Thereto
Chapter 3: Prospectus and Allotment of Securities
Chapter 4: Share Capital and Debentures
Chapter 5: Acceptance of Deposits by Companies
Chapter 6: Registration of Charges
Chapter 7: Management & Administration
Chapter 8: Declaration and Payment of Dividend
Chapter 9: Accounts of Companies
Chapter 10: Audit and Auditors
Part II: Other Laws:

Initial Pages

Chapter 1: The Indian Contract Act, 1872

Unit 1: Contract of Indemnity and Guarantee
Unit 2: Bailment and Pledge
Unit 3: Agency
Chapter 2: The Negotiable Instruments Act, 1881

Chapter 3: The General Clauses Act, 1897

Chapter 4: Interpretation of Statutes

Paper – 3: Cost and Management Accounting:

Chapters in accordance with Study Material are

Module-1:
Initial Pages

Chapter 1: Introduction to Cost and Management Accounting

Chapter 2: Material Cost

Chapter 3: Employee Cost

Chapter 4: Overheads: Absorption Costing Method

Chapter 5: Activity Based Costing

Chapter 6: Cost Sheet

Chapter 7: Cost Accounting System

Module-2:
Initial Pages

Chapter 8: Unit & Batch Costing

Chapter 9: Job Costing and Contract Costing

Chapter 10: Process & Operation Costing

Chapter 11: Joint Products & By Products

Chapter 12: Service Costing

Chapter 13: Standard Costing

Chapter 14: Marginal Costing

Chapter 15: Budget and Budgetary Control

Paper – 4: Taxation:

This paper has two sections to it:

Sec-A: Income-tax Law
Sec-B: Indirect Taxes
Sec-A: Income-tax Law:
Module – 1:
Initial Pages

Chapter 1: Basic Concepts

Chapter 2: Residence and Scope of Total Income

Chapter 3: Incomes which do not form part of Total Income

Module – 2:
Initial Pages

Chapter 4: Heads of Income

Unit 1: Salaries
Unit 2: Income from House Property
Unit 3: Profits and Gains of Business or Profession
Unit 4: Capital Gains
Unit 5: Income from Other Sources
Module-3:
Initial Pages

Chapter 5: Income of Other Persons included in Assessee’s Total Income

Chapter 6: Aggregation of Income, Set-off and Carry Forward of Losses

Chapter 7: Deductions from Gross Total Income

Chapter 8: Computation of Total Income and Tax Payable

Chapter 9: Advance Tax, Tax Deduction at Source and Introduction to Tax Collection at Source

Chapter 10: Provisions for filing Return of Income and Self-assessment

Sec-B: Indirect Taxes:
Module – 1:
Chapter 1: GST in India – An Introduction

Chapter 2: Supply under GST

Chapter 3: Charge of GST

Chapter 4: Exemptions from GST

Chapter 5: Time and Value of Supply

Unit I: Time of Supply
Unit II: Value of Supply
Module – 2:
Initial Pages

Chapter 6: Input Tax Credit

Chapter 7: Registration

Chapter 8: Tax Invoice: Credit and Debit Notes; E-way Bill

Chapter 9: Payment of Tax

Chapter 10: Returns

Paper – 5: Advanced Accounting:

Chapters in accordance with Study Material are

Module-1:
Initial Pages

Chapter 1: Application of Accounting Standards

Chapter 2: Partnership Accounts

Unit 1: Dissolution of Partnership Firms
Unit 2: Amalgamation, Conversion and Sale of Partnership Firms
Module-2:
Chapter 3: Accounting for Employee Stock Option Plans

Chapter 4: Buyback of Securities and Equity Shares with Differential Rights

Chapter 5: Amalgamation of Companies

Chapter 6: Internal Reconstruction

Chapter 7: Liquidation of Companies

Appendix: Schedule-III to The Companies Act, 2013

Initial Pages

Chapter 8: Financial Statements of Banking Companies

Unit 1: Some Relevant Provisions of The Banking Regulations Act, 1949
Unit 2: Books of Accounts, Returns and Forms of Financial Statements
Unit 3: Capital Adequacy Norms
Unit 4: Income Recognition, Classification of Assets and Provisions
Unit 5: Some Special Transactions of Banks
Unit 6: Preparation of Financial Statements of Banks
Annexures
Chapter 9: Non-Banking Financial Companies

Chapter 10: Consolidated Financial Statements

Accounting Pronouncements

Initial Pages
Accounting Standards

Paper – 6: Auditing and Assurance:

Chapters in accordance with Study Material are

Module – 1:
Initial Pages

Chapter 1: Nature, Objective and Scope of Audit

Chapter 2: Audit Strategy, Audit Planning and Audit Programme

Chapter 3: Audit Documentation and Audit Evidence

Chapter 4: Risk Assessment and Internal Control

Chapter 5: Fraud and Responsibilities of the Auditor in this Regard

Chapter 6: Audit in an Automated Environment

Chapter 7: Audit Sampling

Chapter 8: Analytical Procedures

Module 2:
Initial Pages

Chapter 9: Audit of Items of Financial Statements

Chapter 10: The Company Audit

Chapter 11: Audit Report

Chapter 12: Audit of Banks

Chapter 13: Audit of Different Types of Entities

Auditing Pronouncements

Initial Pages
Announcements of the Council
Standards
SA 200-299
SA 300-399
SA 500-699
SA 700-799

Paper – 7: Enterprise Information Systems & Strategic Management:

This paper has two sections to it:

Section-A: Enterprise Information Systems
Section-B: Strategic Management
Chapters in accordance with Study Material are

Paper-7 Section-A: Enterprise Information Systems:
Initial Pages
Chapter 1: Automated Business Processes
Chapter 2: Financial and Accounting Systems
Chapter 3: Information Systems and its Components
Chapter 4: E-Commerce, M-Commerce and Emerging Technologies
Chapter 5: Core Banking Systems
References
Glossary


Paper-7 Section-B: Strategic Management:
Initial Pages
Chapter 1: Introduction to Strategic Management
Chapter 2: Dynamics of Competitive Strategy
Chapter 3: Strategic Management Process
Chapter 4: Corporate Level Strategies
Chapter 5: Business Level Strategies
Chapter 6: Functional Level Strategies
Chapter 7: Organization and Strategic Leadership
Chapter 8: Strategy Implementation and Control

Paper – 8: Financial Management & Economics for Finance:

This paper has two sections to it:

Section-A: Financial Management
Section-B: Economics for Finance
Chapters in accordance with Study Material are

Section-A: Financial Management:
Module-1:
Initial Pages

Chapter 1: Scope and Objectives of Financial Management

Chapter 2: Types of Financing

Chapter 3: Financial Analysis and Planning – Ratio Analysis

Chapter 4: Cost of Capital

Chapter 5: Financing Decisions – Capital Structure

Chapter 6: Financing Decisions – Leverages

Appendix – Financial Tables

Module-2:
Initial Pages

Chapter 7: Investment Decisions

Chapter 8: Risk Analysis in Capital Budgeting

Chapter 9: Dividend Decisions

Chapter 10: Management of Working Capital

Unit I: Introduction to Working Capital Management
Unit II: Treasury and Cash Management
Unit III: Management of Inventory
Unit IV: Management of Receivables
Unit V: Management of Payables (Creditors)
Unit VI: Financing of Working Capital
Section-B: Economics for Finance:
Initial Pages

Chapter 1: Determination of National Income

Unit I: National Income Accounting
Unit II: The Keynesian Theory of Determination of National Income
Chapter 2: Public Finance

Unit I: Fiscal Functions: An Overview
Unit II: Market Failure
Unit III: Government Interventions to Correct Market Failure
Unit IV: Fiscal Policy
Chapter 3: Money Market

Unit I: The Concept of Money Demand : Important Theories
Unit II: The Concept of Money Supply
Unit III: Monetary Policy
Chapter 4: International Trade

Unit I: Theories of International Trade
Unit II: The Instruments of Trade Policy
Unit III: Trade Negotiations
Unit IV: Exchange Rate and Its Economic Effects

The ICITSS is training provided by the ICAI to the students for the practical and technical know-how of the course. It balances both the practical and theoretical aspects of the subject. It is a combination of orientation courses and IIT courses consisting of a 4-week training done in two sessions.

The first session consists of teaching all the important technical tools by the accounting profession in the finance industry. The time of the session is 6 hours daily for about 15 days. The students need to clear a module test and submit a project report during the course.

The second session involves all the grooming classes for the students, which emphasizes confidence and enhance the communication skills required in the industry. It is also a session of  6hours daily for about 15 days.

Leave a Comment

Your email address will not be published.