ICAI CA Intermediate Syllabus 2021

Overview of CA Intermediate Syllabus for July 2021:

In the Chartered Accountancy course, the CA Intermediate is the second-level course in the structure allowing students to have a deeper understanding of Accounting, law, and finance. 

Students can register for the CA Intermediate course after passing the foundation exams. While one studies for four subjects in the Foundation course, there are eight subjects to be studied. Following are the eight subjects in two groups. Read the article, to get a detail overview of CA intermediate Syllabus 2021. 

PaperCA Intermediate Group-I Subjects
1Accounting
2Corporate and other laws
3Cost and management accounting
4Taxation
CA Intermediate Group-II Subjects
5Advanced Accounting
6Auditing and Assurance
7Enterprise Information Systems & Strategic Management
8Financial Management and Economics for Finance

In this post, we will provide you with the details of the CA Intermediate syllabus apt for the students who have registered with the revised scheme. Students having registered after 17th July 2017 are eligible to appear in CA Intermediate examinations. Admission under the old scheme IPCC is discontinued from 30th June 2017.

Must Read: Complete Overview of CA Intermediate Course

CA Intermediate Syllabus New Course Updates 2021:

The Institute of Chartered Accountants of India (ICAI) has made changes in the syllabus for CA intermediate Exams for July 2021 exam. ICAI has introduced some new topics and cut down some old topics from the Intermediate syllabus. Mentioned below are all the necessary changes in the CA Syllabus made by ICAI for July 2021 examination.

Extra add-on topics in the CA Intermediate Syllabus 2021:

All the updates which are made by the ICAI for the July 2021 exam are mentioned below:

  1. Paper 1 topic of accounting has been shifted to advanced accounting, paper 5.
  2. ICAI has made additions of dissolution of Partnership firms along with piecemeal distribution of assets including the conversion of partnership firm into a company and sale to a company which is an issue related to accounting in limited liability partnership. 

Deduction of Topics in the CA Intermediate Syllabus July 2021

All the topics which are deducted from the CA Intermediate Syllabus for July 2021 by the ICAI are mentioned below:

  1. Underwriting of shares and debentures.
  2. Valuation of goodwill.
  3. Application of Guidance Notes on specified accounting aspects published by the ICAI.
  4. Financial Reporting of Insurance Companies and Mutual Funds and regulatory requirements thereof.

CA Intermediate Syllabus 2021 – Download PDF 

PAPER 1 – ACCOUNTING

(One paper – Three hours – 100 Marks)

Objective:

To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities.

CA Intermediate Accounting Syllabus: Download PDF

ChapterChapter Names
1Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs.
2Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
3Applications of Accounting Standards
4Company Accounts
5Accounting for Special Transactions
6Special Type of Accounting

PAPER – 2: CORPORATE AND OTHER LAWS

(One paper  – Three hours – 100  Marks)

PART I – COMPANY LAW  (60 MARKS)

Objective:

To develop an understanding of the provisions of company law and acquire the ability to address application- oriented issues.

CA Intermediate Corporate and Other Laws – Download PDF

The Companies Act, 2013 – Sections 1 to 148
TopicTopic Names
1Preliminary
2Incorporation of Company and Matters Incidental thereto
3Prospectus and Allotment of Securities
4Share Capital and Debentures
5Acceptance of Deposits by companies
6Registration of Charges
7Management and Administration
8Declaration and payment of Dividend
9Accounts of Companies
10Audit and Auditors

Note: The provisions of the Companies Act, 1956  which  are still in force would form  part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

PART II- OTHER LAWS (40 MARKS)

Objectives:

  • To develop an understanding of the provisions of select legislations and acquire the ability to address application-oriented
  • To develop an understanding of the rules for interpretation of statutes
ChapterChapter Names
1The Contract Act, 1872
2The Negotiable Instruments Act, 1881
3The General Clauses Act, 1897
3Prospectus and Allotment of Securities
4Interpretation of statutes

Note: If new legislations are enacted in place of the existing legislations, the CA intermediate syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.  Similarly,  if  any  existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.

PAPER – 3: COST AND MANAGEMENT ACCOUNTING

(One Paper- Three hours- 100 Marks)

Objectives:

  • To develop an understanding of the basic concepts and applications to establish the cost associated with the production of  products  and  provision  of services and apply the same to determine
  • To develop an understanding of cost accounting
  • To acquire the ability to apply information for cost ascertainment, planning, control and decision

CA Intermediate Cost and Management Accounting: Download PDF

ChapterChapter Names
1Overview of Cost and Management Accounting
2Ascertainment of Cost and Cost Accounting System
3Methods of Costing
4Cost Control and Analysis

PAPER – 4 : TAXATION

(One paper ─ Three hours – 100 Marks)

Objective:

To develop an understanding of the  provisions  of income-tax law  and goods and services tax law and to acquire         the ability to apply such knowledge to make computations and address application oriented issues.

SECTION A: INCOME TAX LAW (60 MARKS)

CA Intermediate Income Tax Law: Download Now

ChapterChapter Names
1Basic Concepts
2Residential Status and scope of total income
3Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
4Heads of income and provisions governing computation of income under different heads
5The income of other persons included in assessee’s total income
6Aggregation of income; set-off, or carry forward and set-off of losses
7Deductions from gross total income
8Computation of total income and tax liability of individuals
9Advance tax, tax deduction at source and Introduction to tax collection at source
10Provisions for filing return of income and self-assessment

SECTION B – INDIRECT TAXES (40 MARKS)

CA Intermediate Indirect Taxes: Download PDF

ChapterChapter Names
1Concept of Indirect Taxes
2Goods and Service Tax (GST) Laws

Note – If any new legislation(s) is enacted in place of an existing legislation(s), the CA intermediate syllabus 2021 will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislation(s) with effect from the date to be notified by the Institute.  Similarly, if any existing legislation ceases to have effect, the CA inter syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST Law.

Consequential/corresponding amendments made in the provisions of the Income -tax law and Goods and Services T ax laws covered in the syllabus of this paper which arise out of the amendments made in the provisions not covered in the syllabus will not form  part  of  the  syllabus. Further, the specific inclusions/exclusions in the various topics  covered in the syllabus will be effected every year by way of Study Guidelines. The specific inclusions/exclusions may also arise due to additions/deletions every year by the annual Finance Act.

GROUP II- PAPER 5: ADVANCED ACCOUNTING

(One paper – Three hours – 100 Marks)

Objectives:

  1. To acquire the ability to apply specific Accounting Standards and legislations to different transactions and events and in preparation and presentation of financial statements of business entities;
  2. To understand and apply financial reporting and regulatory requirements of Banking Companies and NBFCs.

CA Intermediate Advanced Accounting Syllabus: Download PDF

ChapterChapter Names
1Application of Accounting Standards
2Special Aspects of Company Accounts
3Reorganization and Liquidation of Companies
4Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof
5Consolidated Financial Statements
6Dissolution of partnership firms

Notes :

  1. If either new Accounting Standards  (ASs), Announcements and Limited Revisions to ASs are issued or the earlier ones are withdrawn or new ASs, Announcements  and  Limited Revisions to AS are issued in place  of  existing  ASs, Announcements  and Limited Revisions to AS, the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified.
  2. The specific exclusions, in any topic covered in the syllabus, will be effected, if any, by way of Study

PAPER 6: AUDITING AND ASSURANCE (100 MARKS)

(One paper – Three hours – 100 Marks)

Objective:

To develop an understanding of the concepts in auditing and of the generally accepted auditing procedure techniques and skills and acquire the ability to apply the same in audit and attestation engagements.

CA Intermediate Auditing and Assurance Syllabus: Download PDF 

ChapterChapter Names
1Nature, Objective, and Scope of Audit
2Audit Strategy, Audit Planning, and Audit Programme
3Audit Documentation and Audit Evidence
4Risk Assessment and Internal Control
5Fraud and Responsibilities of the Author in this Regard
6Audit in an Automated Environment
7Audit Sampling
8Analytical Procedures
9Audit of Items of Financial Statements
10The Company Audit
11Audit Report
12Audit of Banks
13Audit of Different Types of Entities

Note:

  • The specific inclusions/exclusions, in any topic covered in the CA intermediate syllabus 2021, will be effected every year by way of Study Guidelines.
  • The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.
  • If new legislations/ Standards on Auditing/Guidance Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the The changes in this regard would also form part of Study Guidelines.

PAPER – 7 : ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT

(One paper – Three hours – 100 Marks)

SECTION A : ENTERPRISE INFORMATION SYSTEMS (50 MARKS)

Objective: To develop an understanding of technology enabled Information Systems and their impact on enterprise-wide processes, risks and controls.

CA Intermediate Enterprise Information Systems: Download PDF

ChapterChapter Names
1Automated Business Processes
2Financial and Accounting Systems
3Information Systems and its Components
4E-commerce, M-commerce and Emerging Technologies
5Core Banking Systems

SECTION B : STRATEGIC MANAGEMENT (50 MARKS)

Objectives

To develop an understanding of strategic management concepts and techniques and ac quire the ability to apply the same in business situations.

ChapterChapter Names
1Introduction to Strategic Management
2Dynamics of Competitive Strategy
3Strategy Management Process
4Corporate Level Strategies
5Business Level Strategies
6Functional Level Strategies
7Organization and Strategic Leadership
8Strategy Implementation and Control

PAPER – 8 : FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE

(One paper – Three hours – 100 Marks)

SECTION A: FINANCIAL MANAGEMENT (60 MARKS)

Objective: To develop an understanding of various aspects of Financial Management and acquire the ability to apply such knowledge in decision-making.

ChapterChapter Names
1Financial Management and Financial Analysis
2Financing Decisions
3Capital Investment and Dividend Decisions
4Management of Working Capital

SECTION B : ECONOMICS FOR FINANCE (MARKS: 40)

Objective:

To develop an understanding of the concepts and theories of Economics in the context of Finance and acquire the ability to address application oriented issues.

ChapterChapter Names
1Determination of National Income
2Public Finance
3The Money Market
4International Trade

Related Article: CA intermediate study material 2021

Important Blog: Check Upcoming CA Intermediate Exam Dates 2021

Frequently Asked Questions on CA Intermediate Syllabus 2021-

Q. What are the terms for the usage of calculators by ICAI?
Ans. Students can use a battery-operated portable calculator with up to 12 digits, 2 memories. and 6 functions.

Q. Are there any deductions in marks for wrong answers in CA Intermediate Exams?

Ans. No, there is no negative marking applicable for wrong answers. 

Q. How many attempts are allowed in CA Intermediate Exams?

Ans. A total of 8 attempts are allowed for Chartered Accountancy students for CA Intermediate Exams. Upon 8 attempts the student has to renew the registration to appear for the exam again.

Q. What are the criteria for passing the Intermediate Exams?

Ans. You need to fulfill the following conditions to pass:

  • Minimum of 40% marks on each paper 
  • An aggregate of 50% of marks in all papers 

For the best CA Intermediate classes, join Mittal Commerce Classes now.

We'd Love to
Hear From You

Let us know what you think by sending any feedback on mccjpr@gmail.com or just by filling the form below:

Head Office
Mittal Tower

12 Rishi Colony, Near Gandhi Nagar Railway Station Gate No.2, Tonk Road, Jaipur (Raj.) 302015

Phone No. 91 9929325016, 91 9314055518
Vaishali Nagar
Riddhi Siddhi Tower

Near Vaishali Tower-2, Nursery Circle, Amrapali Marg, Vaishali Nagar Jaipur (Raj.) 302021

Phone No. 91 9929325519
Shastri Nagar
Subhash Nagar Shopping Center

B-18, Subhash Nagar Shopping Center, Opp. T B Hospital, Shastri Nagar, Jaipur (Raj.) 302016

Phone No. 91 9680444953
Vidhyadhar Nagar
Doon Enclave

3rd floor, Near Rishik Hospital, Above Indian Bank, Maharaja Road, Vidyadhar Nagar, Jaipur (Raj.) 302039

Phone No. 91 7240001729
Bikaner Branch
(Virtual Centre)
Mittal Commerce classes

near Roshni Ghar, Bikaner (Raj.) 334001

Phone No. 91 8963040611
For Latest Update Join Our Telegram Channel
Mittal Commerce Classes
Known for Best Results