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CA Inter Advanced Accounting Syllabus, May 2024

CA Inter Advanced Accounting Syllabus

CA Inter Advanced Accounting syllabus for May 2024 is an important strategy. We consider the importance of this syllabus to be fundamental to the academic journey of CA students. And also Designed to address advanced accounting principles, standards, and practices, the program is aligned with the evolving dynamics of the financial landscape.

Mittal Commerce Classes is aimed at providing moreover unparalleled guidance and resources to effectively study this course, ensuring that students are well prepared for the upcoming exams.

Key Topics for CA Inter Advanced Accounting May 2024:

  1. Accounting Standards: Understand the details of various accounting standards, understanding their implications in practical scenarios.
  2. Consolidated Financial Statements: Master the art of consolidating financial statements to ensure accuracy and consistency.
  3. Corporate Financial Reporting: Gain an understanding of the complexities of corporate financial reporting with a focus on best practices and standards.
  4. Accounting for Special Transactions: Understand accounting methods for mergers, acquisitions, and other special transactions.
  5. Recent Updates & Amendments: Stay up to date with the latest changes and additions in the world of accounting.

CA Intermediate Advanced Accounting Coaching Classes

To succeed in the CA Intermediate Advanced Accounting exam, registering in a Mittal Commerce coaching class can be a great decision. These classes offer expert guidance, comprehensive learning materials, and a structured approach to learning. Look for reputed coaching institutes that are known for their experienced faculty and results-oriented teaching methods.

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CA Inter Advance Accounting Syllabus

Advanced Accounting expands on the generally accepted accounting principles and partnerships using double-entry accounting covered in Introduction to Accounting. Particular attention is paid to accounting principles as they apply to both manual and automated financial systems. 

Advanced Accounting is divided into 3 modules, i.e., module 1 contains 4 chapters, module 2 contains 6 chapters, and module 3 contains 5 chapters.There are 15 chapters in the ICAI CA Inter Advanced Accounting paper.

No. of Modules

Total Chapters

Module 1

 1: Introduction to Accounting Standards
 2: Framework for Preparation and Presentation of Financial Statements
 3: Applicability of Accounting Standards
 4: Presentation & Disclosures Based Accounting Standards

  • Unit 1: Accounting Standard 1 Disclosure of Accounting Policies
  • Unit 2: Accounting Standard 3 Cash Flow Statement
  • Unit 3: Accounting Standard 17 Segment Reporting
  • Unit 4: Accounting Standard 18 Related Party Disclosures
  • Unit 5: Accounting Standard 20 Earnings Per Share
  • Unit 6: Accounting Standard 24 Discontinuing Operations
  • Unit 7: Accounting Standard 25 Interim Financial Reporting

Module 2

 5: Assets Based Accounting Standards

  • Unit 1: Accounting Standard 2 Valuation of Inventory
  • Unit 2: Accounting Standard 10 Property, Plant and Equipment
  • Unit 3: Accounting Standard 13 Accounting for Investments
  • Unit 4: Accounting Standard 16 Borrowing Costs
  • Unit 5: Accounting Standard 19 Leases
  • Unit 6: Accounting Standard 26 Intangible Assets
  • Unit 7: Accounting Standard 28 Impairment of Assets
 6: Liabilities Based Accounting Standards

  • Unit 1: Accounting Standard 15 Employee Benefits
  • Unit 2: AS 29 (Revised) Provisions, Contingent Liabilities and Contingent Assets
 7: Accounting Standards Based on Items Impacting Financial Statement

  • Unit 1: Accounting Standard 4 Contingencies and Events occurring after the Balance Sheet Date
  • Unit 2: Accounting Standard 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
  • Unit 3: Accounting Standard 11 The Effects of Changes in Foreign Exchange Rates
  • Unit 4: Accounting Standard 22 Accounting for Taxes on Income
 8: Revenue Based Accounting Standards

  • Unit 1: Accounting Standard 7 Construction Contracts
  • Unit 2: Accounting Standard 9 Revenue Recognition
 9: Other Accounting Standards

  • Unit 1: Accounting Standard 12 Accounting for Government Grants
  • Unit 2: Accounting Standard 14 Accounting for Amalgamations
 10: Accounting Standards for Consolidated Financial Statement

  • Unit 1: Accounting Standard 21 Consolidated Financial Statements
  • Unit 2: Accounting Standard 23 Accounting for Investments in Associates in Consolidated Financial Statements
  • Unit 3: Accounting Standard 27 Financial Reporting of Interests in Joint Ventures

Module 3

 11: Financial Statements of Companies

  • Unit 1: Preparation of Financial Statements
  • Unit 2: Cash Flow Statement
 12: Buyback of Securities
 13: Amalgamation of Companies
 14: Accounting for Reconstruction of Companies
 15: Accounting for Branches including Foreign Branches

Exam Pattern For Advanced Accounting:

Types of Questions: Multiple-choice, Descriptive, and Case-based.

Duration: 3 hours for 100 marks.

Passing Criteria: 40% in each paper and 50% aggregate.

Also Read: CA Intermediate Syllabus PDF 2024

Is Advanced Accounting considered the toughest paper?

The complexity of individual CA inter Advance account chapters may vary from person to person depending on individual strengths and weaknesses. However, some common complex topics in advanced accounting for CA inter students include partnership accounts, consolidation, and banking company accounting. It is important to dedicate additional time and effort to understanding these topics and seek help from teachers or tutors when necessary.

  • The Advanced Accounting program covers a wide range of topics in great detail, making it broad and demanding for candidates.
  • This course goes deep into complex accounting standards, challenging students to understand and apply them in practical situations.
  • Effective time management becomes important during exams due to the extensive syllabus and complexity of the topics.

Exam Tips For Advanced Accounting Subject

  1. Create a Study Schedule: Develop a comprehensive study schedule, allocating sufficient time to each topic. Prioritize areas that require more attention or are more challenging for you.
  2. Practice Regularly: Practice is the key to mastering accounting concepts. And Regularly solve problems, attempt mock tests, and review past exam papers to gauge your preparation level.
  3. Strengthen Fundamental Principles: Ensure that you have a strong understanding of the fundamental accounting principles and concepts, as they form the basis for advanced topics.
  4. Time Management: Practice time management while solving problems and during mock tests. Also, allocate specific time slots for each question to ensure you complete the paper within the stipulated time.
  5. Stay Updated: Stay updated with the latest accounting standards, amendments, and also developments in the accounting world to ensure your knowledge is current and relevant.

Conclusion

In Conclusion, The CA Inter Advanced Accounting May 2024 syllabus requires careful preparation and a thorough understanding of the core concepts. After, sticking to the stated curriculum, also adopting effective study strategies, and taking expert advice, you can navigate this path with confidence. So that, be focused, be prepared, and take on this academic challenge with dedication and zeal.

Read CA Inter Related Blogs

CA Inter Exam Pattern 2024 ICAI Based

5 Month Study Plan For CA Inter May 2024

CA Inter Registration Fees For 2024 Batch

Frequently Asked Questions

Q1: Why is Advanced Accounting considered tough in CA Inter?

Ans: The technical complexity and time management challenges make it a demanding subject. But, still, the most difficult subject in CA Inter is Auditing.

Q2: How can I access study materials for the CA Inter Advanced Accounting syllabus?

Ans: You can access study materials from reputed coaching institutes, online platforms, and the official website of ICAI.

Q3: What are the topics included in advanced accounting subject?

Ans: Topics included in advanced accounting are contemporary cost accounting, activity-based management, strategic cost management, capital investment decisions, pricing and revenue analysis, and balanced scorecard.


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