ICAI New Scheme: Know the New CA Inter Syllabus and Section Wise-Weightage Here

The revised CA Intermediate Syllabus and Section-Wise Weightage is available here

By Manu Sharma - On January 27, 2024 3:01 pm - 16 mins read

ICAI New Scheme - New CA Inter Syllabus - Section Wise-Weightage - TAXSCAN

The Institute of Chartered Accountants of India ( ICAI ) has revised the comprehensive syllabus for the CA Intermediate ( CA Inter) Course for aspiring Chartered Accountants in the New Scheme of Education and Training.

ICAI has announced the CA Foundation, Intermediate and Final examination dates for May – June 2024 under the new scheme. The examination is scheduled from May 2nd to June 26th 2024.

It is vital that the students and CA aspirants know about the detailed syllabus and section wise weightage to prepare well for the upcoming exams. This article details the CA Intermediate – CA Inter Examinations.

For CA Foundation Syllabus and Section Wise Weightage breakup, Read: ICAI New Scheme: Know the New CA Foundation Syllabus and Section Wise-Weightage Here

GROUP I

Paper-1: Advanced Accounting (100 MARKS)

Contents	Section	Weightage
1. Process of formulation of Accounting Standards including Indian Accounting Standards (IFRS converged standards) and IFRSs; Convergence vs Adoption; Objective and Concepts of carve outs.	I	55%-65%
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
3. (i) Applicability of Accounting Standards to various entities
(ii) Application of Accounting Standards: AS 1: Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 4: Contingencies and Events Occurring

After the Balance Sheet Date AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies AS 7: Construction Contracts AS 9: Revenue Recognition AS 10: Property, Plant and Equipment AS 11: The Effects of Changes in Foreign Exchange Rates AS 12: Accounting for Government Grants AS 13: Accounting for Investments AS 14: Accounting for Amalgamations (excluding inter- company holdings) AS 15: Employee Benefits AS 16: Borrowing Costs AS 17: Segment Reporting AS 18: Related Party Disclosures AS 19: Leases AS 20: Earnings Per Share AS 21: Consolidated Financial Statements of single subsidiaries (excluding problems involving acquisition of Interest in Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary and Foreign Subsidiaries).

AS 22: Accounting for Taxes on Income AS 23: Accounting for Investment in Associates in Consolidated Financial Statements AS 24: Discontinuing Operations AS 25: Interim Financial Reporting AS 26: Intangible Assets AS 27: Financial Reporting of Interests in Joint Ventures AS 28: Impairment of Assets AS 29: Provisions, Contingent Liabilities and Contingent Assets
4. Company Accounts	II	30%-35%
Schedule III to the Companies Act, 2013 (Division I)Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow StatementBuy back of securitiesAccounting for reconstruction of companies.	II	30%-35%
5. Accounting for Branches including foreign branches.	III	5%-10%

Paper-2: Corporate and Other Laws (100 Marks)

PART I – COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW (70 Marks)

Contents	Sections	Weightage
The Companies Act, 2013 including important rules and drafting of notices, resolutions etc.–PreliminaryIncorporation of Company and Matters Incidental theretoProspectus and Allotment of SecuritiesShare Capital and Debentures	I	20%-30%
Acceptance of Deposits by CompaniesRegistration of ChargesManagement and Administration	II	20%-30%
Declaration and Payment of DividendAccounts of CompaniesAudit and AuditorsCompanies Incorporated Outside India	III	30%-35%
II. The Limited Liability Partnership Act, 2008 including important Rules	IV	15%-20%

PART II- OTHER LAWS (30 MARKS)

Contents	Sections	Weightage
1. The General Clauses Act, 1897: Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments and Miscellaneous Provisions	I	35%-40%
2. Interpretation of statutes: Rules of Interpretation of Statutes, Aids to Interpretation, Rules of Interpretation/Construction of Deeds and Documents	II	25%-30%
3. The Foreign Exchange Management Act, 1999: Significant definitions and concepts of Current and Capital Account Transactions	III	30%-40%

Paper-3: Taxation (100 Marks)

SECTION A: INCOME-TAX LAW (50 MARKS)

Contents	Section	Weightage
Basic ConceptsIncome-tax law: An introductionSignificant concepts in income-tax law, including person, assessee, previous year, assessment year, income, agricultural incomeBasis of ChargeProcedure for computation of total income and tax payable in case of individuals	I	10%-20%
Residential status and scope of total incomeResidential statusScope of total income	I	10%-20%
Heads of income and the provisions governing computation of income under different headsSalariesIncome from house propertyProfits and gains of business or professionCapital gainsIncome from other sources	II	25%-30%

4. Provisions relating to clubbing of income, set-off or carry forward and set-off of losses, deductions from gross total income	III	15%-20%
5. Advance Tax, Tax deduction at source and tax collection at source	IV	15%-20%
6. Provisions for filing return of income and self-assessment	IV	15%-20%
7. Computation of total income and income-tax payable by an individual under the alternative tax regimes under the Income-tax Act, 1961 to optimize tax liability.	V	20%-25%

SECTION B: GOODS AND SERVICES TAX (GST) (50 MARKS)

Contents	Section	Weightage
Goods and Services Tax (GST) Laws		—
1. GST Laws: An introduction including Constitutional aspects	I	0-5%
Levy and collection of CGST and IGSTApplication of CGST/IGST lawConcept of supply including composite and mixed suppliesCharge of tax including reverse chargeExemption from taxComposition levy	II	50%-80%
Basic concepts of:ClassificationPlace of supplyTime of supplyValue of SupplyInput tax credit
4. Computation of GST liability
5. Registration	III	20%-45%
6. Tax invoice; Credit and Debit Notes; Electronic way bill
7. Accounts and Records
8. Payment of tax
9. Returns

GROUP – II

PAPER – 4: COST AND MANAGEMENT ACCOUNTING (100 MARKS)

Contents	Section	Weightage
1. Overview of Cost and Management Accounting
(i) Introduction to Cost and Management Accounting
a) Objectives and Scope of Cost and Management Accounting,
b) The users of Cost and Management accounting information, Functions of management accounting.	I	10%-15%
c) Role of cost accounting department in an organization and its relation with other departments.
d) Installation of Costing System
e) Relationship of Cost Accounting, Financial

Accounting, Management Accounting and Financial Management. Cost terms and Concepts Cost Reduction and Cost Control Elements of Costs Cost behavior pattern, Separating the components of fixed, variable, semi- variable and step costs. Methods of Costing, Techniques of Costing. Digital Costing.
Elements of Cost and preparation of Cost SheetsFunctional classification and ascertainment of costPreparation of Cost Sheets for Manufacturing sector and for Service sector
2. Ascertainment of Cost and Cost Accounting System
(i) Material Cost
Introduction to procurement procedures. Valuation of receipts, issue and closing stock of Material, Stock verification. Material requirement analysis through digital costing including Government e-Marketplace (GeM). Introduction to Costing through Enterprise Resource Planning (ERP). Process of tender and	II	35%-40%

quotation. Inventory control-Techniques of fixing level of stocks- minimum, maximum, reorder point, safety stock, determination of optimum stock level,Determination of Optimum Order quantity- Economic Order Quantity (EOQ),Techniques of Inventory control- ABC Analysis, Fast, Slow moving and Non moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable (VED), Just-in-Time (JIT)- Stock taking and perpetual inventory system, use of inventory control ratios, Digital Inventory control Treatment of Normal/Abnormal Losses w.r.t. waste, scrap, spoilage, defective, obsolescence.
Employee CostIntroduction to Attendance and Payroll proceduresElements of wages- Basic

pay, Dearness Allowance, Overtime, Bonus, Holiday and leave wages, Allowances and perquisites.
c) Employee Cost Control
d) Employee Turnover- Methods of calculating employee turnover, causes of employee turnover, effects of employee turnover.
e) Remuneration systems and incentive schemes- Premium Bonus Method (Halsey Plan and Rowan Plan)
(iii) Direct Expenses
Identification of direct expenses with the main product or service and its treatment.
(iv) Overheads
a) Functional analysis- Factory, Administration, Selling, Distribution, Research and Development.
b) Behavioral analysis- Fixed, Variable and Semi- Variable.
c) Allocation and Apportionment of overheads using Absorption Costing Method.
d) Factory Overheads- Primary and secondary distribution,
e) Administration Overheads- Method of allocation to cost centers or products,

f) Selling & Distribution Overheads- Analysis and absorption of the expenses in products/ customers, impact of marketing strategies, cost effectiveness of various methods of sales promotion.
g) Treatment of Research and development cost in cost accounting.
(v) Concepts of Activity Based Costing (ABC)
(vi) Integration of cost and financial data
a) Recording of financial data and its segregation.
b) Introduction to Non- integrated and Integrated Accounting system.
c) Items included in cost accounts only but financial accounts and vice versa.
d) Reconciliation of profit as per Cost and Financial Accounts (under Non- Integrated Accounting System).
3. Methods of Costing	III	20%-25%
(i) Single Output/ Unit Costing
(ii) Job Costing Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing.

(iii) Batch Costing Determination of optimum batch quantity, Ascertainment of cost for a batch, Preparation of batch cost sheet, Treatment of spoiled and defective work.
Process/ Operation Costing Process cost recording, Process loss, Abnormal gains and losses, Equivalent units of production, Inter- process profit, Valuation of work in process. Joint Products- Apportionment of joint costs, Methods of apportioning joint cost over joint products, By-Products- Methods of apportioning joint costs over by-products, treatment of By-product cost.
(v) Costing of Service Sectors Determination of Costs and Prices of services
4. Cost Control and Analysis	IV	25%-30%
Standard Costing Setting up of Standards, Types of Standards, Standard Costing as method of performance measurement. Calculation and Reconciliation of Material Cost, Labour cost, Variable Overhead, Fixed Overhead

Marginal Costing Basic concepts of marginal costing, Contribution margin, Break-even analysis, Break –even and profit volume charts, Contribution to sales ratio, Margin of Safety, Angle of Incidence, Cost-Volume- Profit Analysis (CVP), Determination of Cost of a product/ service under marginal costing method, determination of cost of finished goods, work-in- progress, Comparison of Marginal costing with absorption costing method- Reconciliation of profit under both the methods, Short term decision making – Make or buy decision Discontinuation decision Multiproduct break- even analysis Limiting factor (key factor)
Budget and Budgetary ControlMeaning of Budget, Essentials of Budget, Budget Manual, Budget setting process, Preparation of Budget and monitoring procedures.

The use of budget in planning and controlFlexible budget, Preparation of Functional budget for operating and non- operating functions, Cash budget, Master budget, Introduction to Principal/ Key budget factor, Zero Based Budgeting (ZBB), Performance budget, Control ratios and Budget variances. Budgets and motivation Feedback and Feedforward controlling in budgeting.

PAPER 5- AUDITING AND ETHICS (100 MARKS)

Contents	Section	Weightage
1. Nature, Objective and Scope of Audit Auditing Concepts: Origin of Auditing, Meaning of Audit, Need for audit, Objective of the audit, Scope of Audit, Benefits of an Audit, External Audit engagements, Qualities of Auditor, Inherent Limitations of an audit; Relationship of auditing with other disciplines. (SA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing)	I	4%-6%
2. Audit Strategy, Audit Planning and Audit Program: (SA 300 Planning an Audit of Financial statements); – Auditor’s responsibility to plan an audit of financial statements. Benefits of audit planning	II	8%-12%

Planning is a continual and iterative processDiscussion of elements of planning with the entity’s management. Involvement of Key Engagement Team Members in planning the audit. Preliminary engagement activities. The auditor’s consideration of client continuance and ethical requirements. Planning activities Establishing an overall audit strategy- Assistance for the auditor. Development of audit plan Documenting the overall audit strategy and audit plan; Audit program; Development of Audit Plan and Program.
Risk Assessment and Internal ControlAudit Risk,Risk of Material Misstatement, Inherent Risk and Control Risk. Detection RiskSampling and Non-Sampling RiskConcept of Materiality, Materiality in Planning and Performing an AuditAuditor’s responsibility to apply the concept of materialityAuditor’s determination of materiality is a matter of professional judgment. Materiality and Audit Risk	III	8%-12%

Application of materiality in planning and performing the audit. Concept of Performance materialityDetermining materiality and performance materiality when planning the audit.Use of Benchmarks in determining materiality for the financial statements as a whole. Materiality level or levels for particular classes of transactions, account balances or disclosures.Revision in materiality as the audit progresses. Documenting the Materiality. (SA 320 Materiality in Planning and Performing an Audit). Identifying and Assessing the Risk of Material Misstatement, Risk Assessment procedures.Understanding the entity and its environment; Internal control,Documenting the Risks;Evaluation of internal control system;Testing of Internal control; Internal Control and IT Environment (SA 315 Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment); Digital Audit: Key features, Impact of IT related Risks, Impact on Controls, Internal Financial Controls as per Regulatory requirements, Types of Controls, Audit approach,

Understanding and documenting Automated environment, Testing methods, data analytics for audit, assessing and reporting audit findings. Overview and Introduction – The Auditor’s Responses to Assessed Risks- SA 330
Audit EvidenceMeaning of Audit EvidenceRelevance and Reliability of audit evidence; Suﬃcient appropriate audit evidence, Meaning of AssertionsAssertions contained in the Financial Statements. Source of audit evidence;Test of controlsSubstantive Procedures- Test of details and Substantive analytical procedures Audit procedures for obtaining audit evidence.Evaluation of Audit Evidence (SA 500 Audit Evidence); Audit Trail (Using the work of Internal Auditors – SA 610) Internal audit function.External Auditor’s Responsibility for the audit Evaluating the internal audit function.Basics of Internal Financial Control and reporting requirements. Distinction between Internal Financial Control and Internal Control over Financial Reporting.	IV	12% – 18%

Audit Sampling: (SA 530 Audit Sampling). Meaning of Audit Sampling;Designing an audit sample; Types of sampling; (Approaches to Sampling)Sample Size and selection of items for testing; Sample selection methodObtaining evidence of existence of inventory; Audit procedure to identify litigation & claims, obtaining evidence regarding the presentation and disclosure of segment information (SA 501 Audit Evidence – Specific Considerations for Selected Items);External confirmation procedures; Management’s refusal to allow the auditor to send a confirmation request; Negative Confirmations (SA 505 External Confirmations); Audit evidence about opening balances; Accounting policies relating to opening balances; Reporting with regard to opening balances (SA 510 Initial Audit Engagements-Opening Balances); Meaning of Related Party; Nature of Related Party Relationships & Transactions; Understanding the Entity’s Related Party Relationships & Transactions (SA 550 Related Parties);Analytical Procedures: Meaning, nature, purpose and timing of analytical procedures; Substantive analytical procedures,

Designing and performing analytical procedures prior to Audit;Investigating the results of analytical procedures (SA 520 Analytical Procedures).Audit DocumentationConcept of Audit Documentation.Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation. Completion Memorandum;Ownership and custody of Audit Documentation (SA 230 Audit Documentation);
Audit of Items of Financial Statements:Audit of sale of Products and Services; Audit of Interest Income, Rental Income, Dividend Income, Net gain/loss on sale of Investments etc.Audit of Purchases, Employee benefits expenses, Depreciation, Interest expense, Expenditure on Power & Fuel, Rent, Repair to building, Repair to Machinery, Insurance, Taxes, Travelling Expenses, Miscellaneous Expenses etc.Audit of Share Capital, Reserve & Surplus, Long Term Borrowings, Trade Payables, Provisions, Short Term Borrowings & Other Current Liabilities.Audit of Land, Buildings, Plant & Equipment, Furniture & Fixtures,	V	12%-20%

Vehicles, Oﬃce Equipment, Goodwill, Brand/Trademarks, Computer Software etc. – Audit of Loan & Advances, Trade Receivable, Inventories, Cash & Cash Equivalent, Other Current Assets. Audit of Contingent Liabilities. (The list of items is illustrative only)
Completion and ReviewMeaning of Subsequent Events;Auditor’s obligations in different situations of subsequent eventsProcedures for subsequent events (SA 560 Subsequent Events)Responsibilities of the Auditor with regard to Going Concern Assumption; Objectives of the Auditor regarding Going Concern;Events or Conditions that may cast doubt about Going Concern Assumption;Audit Procedures when events or conditions are identified (SA 570 Going Concern).Overview and Introduction of Evaluations of Misstatements identified during the audit (SA 450)Written Representations as Audit Evidence.Objective of Auditor regarding Written Representation;Management from whom Written Representations may be requested;	VI	8%-12%

Written Representations about Management’s Responsibilities (SA 580 Written Representations);Overview and Introduction of SA 260: Communication with Those Charged with GovernanceOverview and Introduction of SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
Audit Report:Forming an opinion on the Financial Statements;Auditor’s Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements);Communicating key Audit Matters in the Independent Auditor’s Report (SA 701) Types of Modified Opinion; Circumstances When a Modification to the Auditor’s Opinion is Required, Qualified, Adverse, Disclaimer of Opinion (SA 705 Modification to the Opinion in the Independent Auditor’s Report);SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report;Nature of Comparative Information;Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information – Corresponding Figures and Comparative Financial Statements).	VII	8%-12%

– Branch audit; Joint audit; Reporting requirements under the Companies Act, 2013 including CARO;
9. Special Features of Audit of Different Type of Entities Appointment of Auditor, Audit Procedure and Audit Report in respect of different Category of Entities: Government; Local bodies; Not-for-profit organizations; Trust and Societies, Partnership Firms, Audit of different type of undertakings, i.e., educational institutions, Hotels, Clubs, Hospitals, Basics of Limited Liability Partnerships (LLPs)audit and Co- operative Societies Audit.	VIII	12%-18%
10. Audit of Banks: Understanding of accounting system in Banks, Audit Approach, Audit of Revenue items, Special Consideration in Bank Audit with emphasis on Advances and NPAs.	VIII	12%-18%
Ethics and Terms of Audit Engagements Meaning of Ethics; Ethics is a State of Mind Need for Professional Ethics; Principles based approach v Rules based approach; (Ethical or Legal)The fundamental principles of Professional Ethics: Integrity; Objectivity; Professional Competence and Due care; Confidentiality; Professional Behaviour. Independence of Auditors;	IX	8%-10%

Threats to Independence : Self Interest threats; Self Review threats; Advocacy threats; Familiarity threats; Intimidation threats;Safeguards to Independence; Professional Skepticism Terms of Audit Engagements Preconditions for an audit; Audit Engagement.Agreement on Audit Engagement Terms.Terms of Engagement in Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements);Overview and Introduction of SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Services Engagements.Overview and Introduction of SA 220 – Quality Control for an Audit of Financial Statements).

PAPER – 6 : FINANCIAL MANAGEMENT AND STRATEGIC MANAGEMENT (100 MARKS)

SECTION A : FINANCIAL MANAGEMENT (MARKS: 50)

Contents	Section	Weightage
1. Financial Management and Financial Analysis
Introduction to Financial Management Function Objective and scope of financial management. Profit Maximisation, Wealth Maximisation and Value Creation.Role of Financial Manager and Financial Controller.Financial management environment. Functions of finance executives in an organization. Financial distress and insolvency.	I	10%-15%

Financial Analysis through RatiosUsers of the financial analysisSources of financial data for analysisCalculation and Interpretation of ratios.Limitations of ratio analysis
2. Financing Decisions and Cost of Capital	II	45%-50%
Sources of FinanceDifferent Sources of Finance, Characteristics of different types of long-term debt and equity finance, Method of raising long term financeDifferent Sources of short- term FinanceContemporary sources of funding- P2P lending, Equity funding, Crowdfunding, Start-up funding, etc.Internal fund as a source of financeInternational sources of financeOther sources of finance- Lease Financing, Sale and lease back, Convertible debt, Venture capital, Grants etc.
Cost of Capital Significance of cost of capital Factors of cost of capitalMeasurement of costs of

individual components of capital Weighted average cost of capital (WACC)Marginal cost of capital
Capital Structure DecisionsSignificance of capital structureDeterminants of capital structureCapital structure planning and designingDesigning of optimum capital structureTheories of Capital Structure and value of the firm- relevancy and Irrelevancy of capital structure.EBIT- EPS Analysis, Breakeven- EBIT Analysis.Under/ Over Capitalisation.
LeveragesTypes of Leverages- Operating, Financial and CombinedAnalysis of leverages
3. Capital Investment and Dividend Decisions	III	20%-25%
Capital Investment DecisionsObjective of capital investment decisionsMethods of Investment appraisal: – Payback period, Discounted payback period

Accounting Rate of Return (ARR),Net Present Value (NPV) – The meaning of NPV, Strengths and limitations of NPV method, The working capital adjustment in an NPV analysis, Capital rationing, Equivalent Annual Costs,Internal Rate of return (IRR)- Limitations of the IRR method, Multiple IRRs,Modified internal Rate of Return (MIRR)- Definition and explanation of MIRR, Process for calculating MIRR, Strengths of the MIRR approach. Profitability Index
Dividend DecisionsBasics of DividendsCash dividend, stock dividend/ bonus share, stock-splits, share buy backDeterminants of dividendRelevancy and Irrelevancy of Dividend Policies- Traditional Approach, Walter’s model, Gordon’s model, Modigliani and Miller (MM) Hypothesis.

4. Management of Working Capital
The management of working capital- Liquidity and ProfitabilityThe Working capital financing decisions- Primary and Secondary Sources of LiquidityThe working Capital Cycle (operating Cycle), Effectiveness of Working Capital based on its operating and cash conversion cyclesAssessment of working capital requirementManagement of Accounts Receivables (Debtors)Factoring and ForfaitingCredit ManagementCredit grantingMonitoring accounts receivables Debt collection Management of Accounts Payables (Creditors)Management of Cash, Treasury management Banking norms of working capital finance	IV	15%-20%

PAPER 6B: STRATEGIC MANAGEMENT (50 MARKS)

Contents	Section	Weightage
Introduction to Strategic ManagementMeaning and Nature of Strategic managementImportance and Limitations of Strategic Management Strategic Intent – Vision, Mission and Goals and Values Strategic Levels in Organizations (Network, Corporate, Business and Functional)	I	15%-25%
Strategic Analysis: External Environment International and Macro Environment: PESTLE Analysis Defining the industry for analysis (Value Chain, PLC)Porters Five Forces – Industry environment analysis Understanding customers and markets Competition in the industry	II	15%-25%

Strategic Analysis: Internal EnvironmentUnderstanding key stakeholders (Mendelow’s Model)Strategic drivers (Industry & markets, Customers, Channels, Product & Services, Competitive Advantage)The role of resources and capabilitiesCombining external and internal analysis (SWOT Analysis)Gaining competitive advantage (Michael Porter’s Generic Strategies)	III	15%-25%
Strategic ChoicesStrategic Choices: Concentric, Conglomerate, Market Development, Product Development, Innovation, Horizontal integration, vertical integration, Turnaround, Divesture, Liquidation How to Develop Strategic Options Ansoff’s Matrix ADL Matrix BCG Matrix GE Matrix	IV	15%-25%

Strategy Implementation and Evaluation Implementation: Formulation vs. Implementation Matrix, Linkages and Issues Strategic Change through Digital Transformation Organisation Structure (hard) and Culture (soft)Strategic Leadership Strategic Control Strategic Performance Measures

15%-25%

Note: A deviation of upto ±5% in the specified section-wise weightage is to be expected.

Get Previous Years CA Inter Question Papers Here: Question Papers

Group I, Paper-1: Advanced Accounting (100 MARKS)

This paper focuses on Advanced Accounting concepts, covering topics such as the formulation of Accounting Standards, the framework for financial statement preparation, and the applicability of Accounting Standards to various entities. Key areas include disclosure of accounting policies, valuation of inventories, cash flow statements, revenue recognition, and consolidated financial statements. Company accounts, Schedule III to the Companies Act, 2013, and accounting for branches are also covered.

Group I, Paper-2: Corporate and Other Laws (100 Marks)

This paper encompasses Company Law and Limited Liability Partnership Law, covering aspects of the Companies Act, 2013, such as incorporation, prospectus, share capital, and debentures. It also includes sections on management and administration, declaration and payment of dividend, audit, and accounts of companies. Additionally, it covers the Limited Liability Partnership Act, 2008, and other laws like the General Clauses Act, 1897, interpretation of statutes, and the Foreign Exchange Management Act, 1999.

Group I, Paper-3: Taxation (100 Marks)

This paper is divided into two sections: Income-Tax Law and Goods and Services Tax (GST). The Income-Tax Law section covers basic concepts, heads of income, provisions for filing returns, and computation of total income. The GST section includes an introduction to GST laws, levy and collection of CGST and IGST, computation of GST liability, and various concepts related to GST.

Group II, Paper-4: Cost and Management Accounting (100 Marks)

This paper provides an overview of Cost and Management Accounting, covering topics such as cost terms, cost behavior patterns, methods of costing, and digital costing. It also includes sections on the ascertainment of cost, employee cost, direct expenses, overheads, and concepts like Activity Based Costing. The paper delves into different methods of costing, including single output/unit costing, job costing, batch costing, process costing, and costing for service sectors.

Group II, Paper-5: Auditing and Ethics (100 Marks)

This paper covers the nature, objective, and scope of audit, along with audit strategy, planning, and program. It addresses risk assessment, internal control, audit evidence, audit sampling, and audit documentation. Special features of auditing for different types of entities, including banks, are also discussed. The paper concludes with topics related to ethics, terms of audit engagements, and quality control for audit firms.

Group II, Paper-6: Financial Management and Strategic Management (100 Marks)

In the Financial Management section, topics include financial analysis, financing decisions, cost of capital, capital structure decisions, capital investment decisions, and management of working capital. The Strategic Management section covers the introduction to strategic management, strategic analysis of the external and internal environment, strategic choices, strategy implementation, and evaluation.

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