The Institute of Chartered Accountants of India (ICAI) has notified the applicable Study material for May 2021 Exams as per the new as well as Old Scheme.
The subjects for the foundation course for May 2021 Exams under New Scheme will be Principles and Practices of Accounting; Business Law & Business Correspondence and Reporting (Section A will be Business Law and Section B will be Business Correspondence and Reporting); Business Mathematics and Logical Reasoning & Statistics; and Business Economics & Business and Commercial Knowledge (Part I is Business Economics and Part II is Business and Commercial Knowledge).
The subjects for the Intermediate (IPC) Course for May 2021 Exams under Old New Scheme will be Accounting; Business Laws & Ethics and Communication; Cost Accounting; Financial Management; Taxation; Advanced Accounting; Auditing and Assurance; Information Technology Section-A; and Strategic Management Section-B.
The subjects for the Final Course for May 2021 Exams under Old New Scheme will be Financial Reporting; Strategic Financial Management; Advanced Auditing and Professional Ethics; Corporate and Allied Laws; Advanced Management Accounting; Information Systems Control and Audit; Direct Tax Laws and Indirect Tax Laws.
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