The Intermediate is the second level of the CA course. The Intermediate exams are conducted thrice every year – January, May, and September. There are two ways in which a candidate can approach the Intermediate level – The foundation route and the Direct entry route. The Intermediate Level is typically 8 months but can solely depend on one’s pace of understanding concepts and clearing both the groups of the level.
The syllabus of CA Intermediate consists of two groups with three papers each which cover Advanced Accounting, Corporate and Other Laws, Taxation, Cost and Management Accounting, Auditing and Ethics, Financial Management, and Strategic Management providing vast knowledge to an individual.
EXAM DATES
The CA Intermediate exams are conducted thrice every year – January, May and September. The timetable for the May 2025 attempt is as follows :
DATE
DAY
SUBJECT
GROUP-I
03-05-2025
Saturday
Paper - 1: Advanced Accounting
05-05-2025
Monday
Paper - 2: Corporate & Other Laws
07-05-2025
Wednesday
Paper - 3: Taxation
GROUP-II
09-05-2025
Friday
Paper - 4: Cost & Management Accounting
11-05-2025
Sunday
Paper - 5: Auditing & Ethics
14-05-2025
Wednesday
Paper - 6: Financial Management and Strategic Management
Note :
(i) The examinations are of 3 hours duration from 2 pm – 5 pm
(ii) There would be no change in the examination schedule in the event of any day of the examination schedule being declared a Public Holiday by the Central Government or any State Government / Local Bodies.
The opening and closing of the online window for submission of examination application forms are as follows :
Details
Dates
Commencement of submission of online examination application forms
1st March 2025 [Saturday]
Last date for submission of online examination application forms (without late fees)
14th March 2025 [Friday]
Last date for submission of online examination application forms (with late fees of ` 600/- or US $ 10)
Login to your account or create a new one if you don’t already have an account.
Step 2: Fill Out the Registration Form
After logging in, go to the Course Registration section.
Select CA Intermediate and the applicable route (Foundation or Direct Entry).
Fill out your personal, academic, and professional details accurately.
Upload the required documents.
Step 3: Upload Required Documents
Ensure you have scanned copies of these documents:
Foundation Route:
CA Foundation mark sheet or pass certificate.
10th and 12th mark sheets
Direct Entry Route:
Graduation/Post Graduation mark sheet.
Provisional degree certificate (if applicable).
Mark sheet for CS Executive/CMA Intermediate (if applicable).
Step 4: Pay the Registration Fees
Pay the required fees online through debit/credit card or net banking:
Step 5: Confirmation of Registration
Once payment is successful, you'll receive a confirmation email containing the Student Registration Number (SRN) and acknowledgment.
Your study material will be dispatched to your registered address or can be accessed digitally through the ICAI BOS at icai.org
CA INTERMEDIATE SYLLABUS
The Intermediate level consists of two groups, each with three papers.
GROUP I
GROUP II
Paper - 1: Advanced Accounting
Paper - 4: Cost and Management Accounting
Paper - 2: Corporate and Other Laws
Paper - 5: Auditing and Ethics
Paper - 3: Taxation
Section A: Income Tax Law
Section B: Goods & Services Tax
Paper – 6: Financial Management & Strategic Management
Section A: Financial Management
Section B: Strategic Management
The syllabus of each paper is as follows :
PAPER 1: ADVANCED ACCOUNTING (100 MARKS)
CONTENTS
1. Process of formulation of Accounting Standards including Indian Accounting Standards (IFRS converged standards) and IFRSs; Convergence vs Adoption; Objective and Concepts of carve-outs.
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
3. (i) Applicability of Accounting Standards to various entities
(ii) Application 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 7: Construction Contracts
AS 9: Revenue Recognition
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 14: Accounting for Amalgamations (excluding intercompany holdings) AS 15: Employee Benefits
AS 16: Borrowing Costs
AS 17: Segment Reporting
AS 18: Related Party Disclosures
AS 19: Leases
AS 20: Earnings Per Share
AS 21: Consolidated Financial Statements of single
subsidiaries (excluding problems involving the acquisition of Interest in a Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary, and Foreign Subsidiaries).
AS 22: Accounting for Taxes on Income
AS 23: Accounting for Investment in Associates in Consolidated Financial Statements
AS 24: Discontinuing Operations
AS 25: Interim Financial Reporting
AS 26: Intangible Assets
AS 27: Financial Reporting of Interests in Joint Ventures
AS 28: Impairment of Assets
AS 29: Provisions, Contingent Liabilities, and Contingent Assets
4. Company Accounts
(i) Schedule III to the Companies Act, 2013 (Division I)
(ii) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement
(iii) Buyback of securities
(iv) Accounting for the reconstruction of companies.
5. Accounting for Branches including foreign branches.
PAPER – 2: CORPORATE AND OTHER LAWS (100 Marks)
PART I – COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW (70 Marks)
CONTENTS
I. The Companies Act, 2013 including important rules and drafting of notices, resolutions, etc.–
1. Preliminary
2. Incorporation of Company and Matters Incidental thereto
3. Prospectus and Allotment of Securities
4. Share Capital and Debentures
5. Acceptance of Deposits by Companies
6. Registration of Charges
7. Management and Administration
8. Declaration and Payment of Dividend
9. Accounts of Companies
10. Audit and Auditors
11. Companies Incorporated Outside India
II. The Limited Liability Partnership Act, 2008including important Rules
PART II- OTHER LAWS (30 MARKS)
CONTENTS
1. The General Clauses Act, 1897:
2. Interpretation of statutes:
3. The Foreign Exchange Management Act, 1999
PAPER 3: TAXATION (100 MARKS)
SECTION A: INCOME-TAX LAW (50 MARKS)
Contents
1. Basic Concepts
2. Residential status and scope of total income
3. Heads of income and the provisions governing the computation of income under different heads
4. Provisions relating to clubbing of income, set-off or carry forward and set-off of losses, deductions from gross total income
5. Advance Tax, Tax deduction at source, and tax collection at source
6. Provisions for filing return of income and self-assessment
7. Computation of total income and income tax payable by an individual under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability.
SECTION B: GOODS AND SERVICES TAX (GST) (50 MARKS)
Contents
1. GST in India – An Introduction
2. Supply under GST
3. Charge of GST
4. Place of supply
5. Exemption from GST
6. Time of supply
7. Value of Supply
8. Input Tax Credit
9. Registration
10. Tax invoice; Credit and Debit Notes
11. Accounts and Records
12. E-way Bill
13. Payment of Tax
14. Tax Deduction at Source and Collection of Tax at Source
15. Returns
PAPER – 4: COST AND MANAGEMENT ACCOUNTING (100 MARKS)
Contents
i.Introduction to Cost and Management Accounting
ii.Material Cost
iii.Employee Cost and Direct Expense
iv.Overheads – Absorption Costing Method
v.Activity Based Costing
vi.Cost sheet
vii.Cost Accounting system
viii.Unit and Batch costing
ix.Job Costing
x.Process & Operation Costing
xi.Joint products and By products
xii.Service Costing
xiii.Standard Costing
xiv.Marginal Costing
xv.Budget and Budgetary Control
PAPER 5 - AUDITING AND ETHICS (100 MARKS)
Contents
1. Nature, Objective, and Scope of Audit
2. Audit Strategy, Audit Planning, and Audit Programme
3. Risk Assessment and Internal Control
4. Audit Evidence
5. Audit of Items of Financial Statements:
6. Audit Documentation
7. Completion and Review
8. Audit report
9. Special Features of Audit of Different Types of Entities
10. Audit of Banks
11. Ethics and Terms of Audit Engagements
PAPER – 6: FINANCIAL MANAGEMENT AND STRATEGIC MANAGEMENT (100 MARKS)
Foundation Route Under this route, a Class X passed student may register with the Board of Studies (BoS) of the Institute for the Foundation Course, but they can attend the exams only after clearing Class XII board exams, irrespective of whether a student had opted for Commerce, Science or Humanities for 12th standard.
Students can reach the Intermediate Level after passing the Foundation.
Direct Entry Route The ICAI allows the following candidates to enter directly into its Intermediate Course:
Commerce Graduates/Postgraduates with a minimum of 55% marks.
Other Graduates/Postgraduates with a minimum of 60% marks.
Intermediate-level passed candidates of the Institute of Company Secretaries of India and the Institute of Cost Accountants of India.
Candidates pursuing their Final Year Graduation/Post Graduation Course are eligible for provisional registration for the Intermediate Course, which shall be confirmed only upon submission of satisfactory proof of having passed the graduation/post-graduation examination with the minimum marks mentioned above, before applying for admission to the Intermediate Examination.
