CA Intermediate Exam Pattern 2024 ICAI Based

The Institute of Chartered Accountants of India (ICAI) has released the new exam pattern for the May 2024 exam for CA Inter. The new system seeks to make the entire examination system more comprehensive and ensure that students are prepared to handle the complexities of the modern accounting profession. The new plan includes several changes, including the introduction of multiple-choice questions, online surveys, and an emphasis on practical aspects of the accounting profession. In this blog, we will going to discuss on ICAI CA Intermediate Exam Pattern for May 2024.

The ICAI CA Intermediate Exam consists of 6 papers divided into two groups. Each paper is worth 100 marks, resulting in 600 marks for the entire exam. It is important to note that no internal options are provided for subject questions, requiring candidates to answer all questions within the allotted time.

Also Read: CA Intermediate Syllabus PDF 2024

CA Inter-ICAI Exam dates for May 2024

CA Intermediate ICAI exam dates for May 2024 attempt are 2, 4, 6, 8, 10, and 13 May 2024 (expected). The Institute of Chartered Accountants of India (ICAI) will soon announce the official date of the CA Intermediate May 2024 exam on the official website ICAI.org, in the notification section. The examination time for this examination will be 2.00 pm to 5.00 pm.

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CA Inter-ICAI Exam Pattern for May 2024

CA Inter papers carry 100 marks each and to qualify for CA Inter exams, students must score at least 40% in individual subjects and 50% in aggregate. The MCQ does not have any negative markings.

Subject Wise Exam Strategy for May 2024

1. Advanced Accounting

Make a list by dividing the important and long chapters into one list and those that are short and can be easily prepared into another. You can easily prepare by writing out the sections and then prioritizing them according to their importance and length.

The first topics that you should choose for advanced accounting are those that fall under the category of 25-30 marks questions. Prepare them first as they can score up to 30% marks in the exam.

Now you can pick questions worth 35-40 marks. Company account topics are simple compared to affiliate accounts. You can choose them depending on your theme preference. You may be involved in debt issuance and redemption, company liquidation, consolidation and internal reconstruction, ESOP, etc.

2. Corporate Laws

While studying law at CA Inter, it becomes important to prioritize your topics to ensure that your mental space is not overloaded and that you make the most of your ability to remember well.

• Gain a solid understanding of crucial Company Law topics.
• Develop a well-rounded understanding of different types of companies.
• Ensure clarity on shares, debentures, and core legal concepts.

Understand even the theory before studying it. Understand what point of law was made, what the reasons were, what was actually done, and then you will see that it will stick in your mind.

Decide on one book to study from and stick with it until the end. While reading, always keep a pencil handy and use it! Underline or highlight the point, write down meanings or examples, briefly write the steps of any procedure in the margin, etc. It helps to quickly revise one evening before the exam.

3. Cost and Management Accounting

Costing and management accounting are critical aspects of financial management that help organizations operate efficiently and make informed decisions. Cost accounting is primarily concerned with finding out how much it costs to produce or purchase something. It includes various methods for calculating unit cost.

Start your preparation by studying the less difficult chapters. These include topics such as operating costs, marginal costs, materials, budgetary control, contract, integrated system, and reconciliation. This way, you can save more time for more complex subjects. Keep well-organized notes and solutions for each chapter. These will come in handy during revision and provide a quick overview when needed.

4. Taxation

Start by breaking down the Taxation topic into smaller sections. Set aside a specific amount of time to study each topic. This way, you can track your progress and focus on areas with high scores.

Start with the Five Heads of Income. Don’t spend a lot of time on theory, quickly review your class notes and then start solving problems. Most of your concepts will become clearer as a result of solving problems. and proceed to the chapters on indirect taxes such as ITC, supplies, time of supply, cost of supplies, incentives, GST assessment and tax bill.

Suggested flow: Income from residential property → Capital gains → Income from others sources → Income from business/profession → Income from salary.

5. Auditing and Code of Ethics

This course prepares students for Paper 5 (Group II) Audit and Assurance and Code of Ethics for CA Intermediate Examinations conducted by ICAI. The course has been developed based on the ICAI syllabus.

Understanding the basic principles based on auditing and ethics. This foundational knowledge will act as your anchor, guiding your understanding of complex topics. Secondly, practice on past papers and mock tests to familiarize yourself with the test format and question types. This will help you manage your time effectively during the actual exam.

6. Financial Management and Strategic Management

For the test, be prepared to focus on the details, concepts and procedures required. For certification, expand your knowledge and ability to apply calculations. Depending on your level of experience and knowledge, taking a master class to strengthen your foundation may be a good idea.

Many students think that Strategic Financial Management (SFM) is difficult, but it is like any other subject: you will succeed if you master the concepts. Even if one exam doesn’t go as planned, it won’t reflect your overall skills. Trust your preparation and keep going.

Guidelines For CA Intermediate May 2024 Exam

• Make sure you are studying the latest curriculum and are aware of any changes or revisions made for 2024.
• Ensure that you register for the exam on time and double-check all details to avoid any inaccuracies.
• Download your admit card in advance and check all the details like exam center, date and time.
• Make use of the latest study materials provided by ICAI and, if necessary, consider supplementing them with reference books or online resources.
• Practice time management skills during your preparation to ensure that you can complete the exam within the allotted time.
• Take advantage of the mock tests and sample papers released by ICAI to get familiar with the exam pattern and question types.
• Allow ample time for revision, paying particular attention to key concepts, formulas, and standards.
• Please prioritize your health and well-being by ensuring you have adequate rest and relaxation during your exam preparation period.
• Stay updated with any announcements or changes made by ICAI regarding the exam such as COVID-19 related guidelines or changes in exam format.

Frequently Asked Questions

Q1: What are the 5 code of ethics?

Ans: 5 codes of ethics for auditors

1. Integrity
2. Independence
3. Objectivity
4. Confidentiality
5. Competence

Q2: What is a strategic approach to financial management?

Ans: Strategic financial management is the process of managing an organization’s finances to achieve organizational goals. It is a management system that uses financial instruments and a combination of methods to create strategic plans. It also ensures that the plan is implemented as planned and is achievable in the long term.

Q3: How many papers are there in CA Inter 2024?

Ans: The CA Intermediate course will have only 6 papers.

Q4: Which is the toughest Subject In CA Inter?

Ans: Auditing is considered to be the most difficult subject in the CA Intermediate syllabus.