CA Intermediate Syllabus for May 2018

CA Intermediate Syllabus for May 2018 – New Syllabus

Get CA Intermediate Syllabus for May 2018 – New Syllabus. Here we are providing the revised new syllabus for CA Intermediate Exams. The ICAI Board has changed the CA second level exam name as CA Intermediate, Earlier this entrance exam name is termed as CA IPCC [Integrated Professional Competence Course]. The CA Intermediate Exams will held on May & Nov every year and first CA Intermediate Examination starts from May 2018. The students who are looking to write CA Intermediate Exam for May 2018 can check the CA Intermediate Syllabus from this article. The New CA Intermediate Course Consists of 8 Papers divided into 4 papers per group. These all subjects names are Accounting, Corporate and Other Laws, Cost and Management Accounting, Taxation, Advanced Accounting, Auditing and Assurance, Enterprise Information System and Strategic Management, Financial Management and Economics for Finance. Here you can check out for all those subjects syllabus which are mentioned above.

CA Intermediate Syllabus May 2018

The date of commencement of registration for CA Intermediate Course came into existence w.e.f from 1st July 2017. Check out this CA Intermediate Syllabus from below:

CA Intermediate Subjects

From below table you can get the CA Intermediate New Syllabus applicable Subjects.

Papers Name of the Subjects
Group – I
Paper – 1 Accounting
Paper – 2 Corporate and Other Laws
Paper – 3 Cost and Management Accounting
Paper – 4 Taxation
Group – II
Paper – 5 Advanced Accounting
Paper – 6 Auditing and Assurance
Paper – 7 Enterprise Information System and Strategic Management
Paper – 8 , Financial Management and Economics for Finance

CA Intermediate Syllabus Subject-wise

Below you can get the Subject wise syllabus for CA Intermediate New Syllabus which is applicable for May 2018 CA Intermediate Exam.

PAPER 1 – ACCOUNTING

(One paper – Three hours – 100 Marks)

Contents:

  1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve
  2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
  3. Applications 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 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 16 :  Borrowing Costs
    AS 17 :  Segment Reporting
    AS 22 :  Accounting for Taxes on Income
  4. Company Accounts
  5. Accounting for Special Transactions
  6. Special Type of Accounting
  7. 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.
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Note :   If either a new Accounting Standards (AS), Announcements and Limited Revisions to   AS are issued or the earlier one are withdrawn or new AS, Announcements and Limited Revisions to AS are issued in place of existing AS, 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 by the Institute.

PAPER – 2: CORPORATE AND OTHER LAWS

(One paper – Three hours – 100 Marks)

PART I – COMPANY LAW (60 MARKS)

Contents:

The Companies Act, 2013 – Sections 1 to  148

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)

  1. The Indian Contract Act, 1872 (Specific contracts covered from section 123 onwards)
  2. The Negotiable Instruments Act, 1881
  3. The General Clauses Act, 1897
  4. Interpretation of statutes

Note: If new legislations 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 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)

Contents:

  1. Overview of Cost and Management Accounting
    • Introduction to Cost and Management Accounting
    • Elements of Cost and preparation of Cost  Sheets
  2. Ascertainment of Cost and Cost Accounting  System
    • Material Cost
    • Employee Cost
    • Direct Expenses
    • Overheads
    • Concepts of Activity Based Costing  (ABC)
    • Recording and accounting of Costs
  3.  Methods of Costing
    • Single Output/ Unit Costing
    • Job Costing
    • Batch Costing
    • Contract Costing
    • Process/ Operation Costing
    • Costing of Service Sectors
  4. Cost Control and Analysis
    • Standard Costing
    • Marginal Costing
    • Budget and Budgetary Control

PAPER – 4 : TAXATION

(One paper ─ Three hours – 100  Marks)

SECTION A: INCOME TAX LAW (60  MARKS)

Contents:

  1. Basic Concepts
  2. Residential status and scope of total income
  3. Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral  trusts)
  4. Heads of income and the provisions governing computation of income under different heads
  5. Income of other persons included in assessee’s total income
  6. Aggregation of income; Set-off, or carry forward and set-off of losses
  7. Deductions from Gross Total Income
  8. Computation of total income and tax liability of  individuals
  9. Advance tax, tax deduction at source and introduction to tax collection at source
  10. Provisions for filing return of income and  self-assessment
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SECTION B – INDIRECT TAXES (40 MARKS)

Contents:

  1. Concept of indirect taxes
  2. Goods and Services Tax (GST) Laws

Note – If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus 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 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 Tax 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)

Contents:

  1. Accounting Standards
    AS 7 : Construction Contracts
    AS 9 : Revenue Recognition
    AS 14: Accounting for Amalgamations
    AS 18 : Related Party Disclosures
    AS 19:  Leases
    AS 20 : Earnings Per Share
    AS 24 : Discontinuing Operations
    AS 26 : Intangible Assets
    AS 29 : Provisions, Contingent Liabilities and Contingent Assets.
  2. Application of Guidance Notes issued by the ICAI on specified accounting aspects. Company Accounts
  3. Special Aspects of Company Accounts
  4. Reorganization of Companies
  5. Financial Reporting of Banking, Financial Services and Insurance (BFSI)
  6. Valuation of goodwill
  7. Consolidated Financial Statements
  1. Notes :
    1. If either a new Accounting Standards (ASs), Announcements and Limited Revisions to ASs are issued or the earlier one 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
    2. The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study The list of applicable Guidance Notes in Accounting will also form part of the Study Guidelines.
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PAPER 6: AUDITING AND ASSURANCE (100  MARKS)

(One paper – Three hours – 100 Marks)

Concepts:

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

Note:

  • The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study
  • 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 Institute. The changes in this regard would also form part of Study.

PAPER – 7 : ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT.

(One paper – Three hours – 100 Marks)

SECTION A : ENTERPRISE INFORMATION SYSTEMS (50 MARKS)

Contents:

  1. Automated Business Processes
  2. Financial and Accounting Systems
  3. Information Systems and its Components
  4. E-Commerce, M-Commerce and Emerging Technologies
  5. Core Banking System.

SECTION B : STRATEGIC MANAGEMENT (50 MARKS)

Contents:

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

PAPER – 8 : FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE

(One paper – Three hours – 100 Marks)

SECTION A: FINANCIAL MANAGEMENT (60  MARKS)

  1. Financial Management and Financial  Analysis
    • Introduction to Financial Management Function
    • Financial Analysis through Ratios
  2. Financing Decisions
    • Sources of Finance
    • Lease Financing
    • Cost of Capital
    • Capital Structure Decisions
    • Leverages
  3. Capital Investment and Dividend  Decisions
    • Capital Investment Decisions
    • Adjustment of Risk and Uncertainty in Capital Budgeting Decision
    • Dividend Decisions
  4. Management of Working Capital
    • Management of Working Capital

SECTION B : ECONOMICS FOR FINANCE  (MARKS: 40)

Concepts:

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

So, these are the subjects and the Syllabus of CA Intermediate Exam for May 2018 Exam. If you found this is useful, share this article with your friends. If you still have any doubts relating to any aspects of CA Intermediate Exam .. Ask us via comment box.

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