CA Inter / IPCC consist of eight papers divided into two groups.
Group 1
Paper 1: Accounting
Syllabus
Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve outs – Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards) – Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards) – Company Accounts – Accounting for Special Transactions – Special Type of Accounting – Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership
Paper 2 : Corporate and Other Laws
Syllabus
Part I: Company Law (60 Marks)
The Companies Act, 2013 – Preliminary – Incorporation of Company and Matters Incidental thereto – Prospectus and Allotment of Securities – Share Capital and Debentures – Acceptance of Deposits by companies – Registration of Charges – Management and Administration – Declaration and payment of Dividend – Accounts of Companies – Audit and Auditors.
Part II: Other Laws (40 Marks)
The Indian Contract Act, 1872 – The Negotiable Instruments Act, 1881 – The General Clauses Act, 1897 – Interpretation of Statutes
Paper 3: Cost and Management Accounting
Syllabus
Introduction to Cost and Management Accounting – Elements of Cost and preparation of Cost Sheets – Material Cost – Employee Cost – Direct Expenses – Overheads – Concepts of Activity Based Costing (ABC) – Recording and Accounting of Costs – Single Output/ Unit Costing – Job Costing – Batch Costing – Contract Costing – Process / Operation Costing – Costing of Service Sectors – Standard Costing – Marginal Costing – Budget and Budgetary Control
Paper 4: Taxation
Syllabus
Basic Concepts – Residential status and scope of total income – Incomes which do not form part of total income – Heads of income and the provisions governing computation of income under different heads – Income of other persons included in assessee’s total income – Aggregation of income; Set-off, or carry forward and set-off of losses – Deductions from gross total income – Computation of total income and tax liability of individuals – Advance tax, tax deduction at source and introduction to tax collection at source – Provisions for filing return of income and self-assessment
Section B: Indirect Taxes (40 Marks)
Concept of indirect taxes – Goods and Services Tax (GST) Laws
Group 2
Paper 5 : Advanced Accounting
Syllabus
Application of Accounting Standards – Application of Guidance Notes issued by the ICAI on specified accounting aspects – Special Aspects of Company Accounts – Reorganization of Companies – Financial Reporting of Banking, Financial Services and Insurance (BFSI) – Valuation of goodwill – Consolidated Financial Statements
Paper 6: Auditing and Assurance
Syllabus
Nature, Objective and Scope of Audit – Audit Strategy, Audit Planning and Audit Programme – Audit Documentation and Audit Evidence – Risk Assessment and Internal Control – Fraud and Responsibilities of the Auditor in this Regard – Audit in an Automated Environment – Audit Sampling – Analytical Procedures – Audit of Items of Financial Statements – The Company Audit – Audit Report – Audit of Banks – Audit of Different Types of Entities
Paper 7: Enterprise Information Systems & Strategic Management
Syllabus
Section A: Enterprise Information Systems (50 Marks)
Automated Business Processes – Financial and Accounting Systems – Information Systems and its Components – E-commerce, M-commerce and Emerging Technologies – Core Banking Systems
Section B: Strategic Management (50 Marks)
Introduction to Strategic Management – Dynamics of Competitive Strategy – Strategic Management Process – Corporate Level Strategies – Business Level Strategies – Functional Level Strategies – Organisation and Strategic Leadership – Strategy Implementation and Control
Paper 8: Financial Management & Economics for Finance
Syllabus
Section A – Financial Management (60 Marks)
Financial Management and Financial Analysis – Financing Decisions – Capital Investment and Dividend Decisions – Management of Working Capital
Section B: Economics for Finance (40 Marks)
Determination of National Income – Public Finance – The Money Market – International Trade