CA New Syllabus Detailed Subject Wise 2020

What is a ‘Chartered Accountant – CA?

Chartered accountant (CA) is an international accounting designation granted to accounting professionals in many countries around the world, aside from the United States.

What do Chartered Accountants do?

In most cases, CAs focuses on one of four areas: audit and assurance, financial accounting and reporting, management accounting and applied finance, or taxation.

Depending on their area of focus, CAs may handle one aspect of a company’s business, they may oversee all of a company’s accounting needs, or they may work as freelance CAs who handles accounting matters for multiple clients.

Entry to the CA course

Students can enter into CA Course through Foundation route or Direct entry route depend upon his/her qualification.

• Foundation Entry Route- Students who have just cleared their 12th or intermediate and/ or are pursuing their graduation can join the CA course through this route. For them, CA course contains 3 levels which are the foundation, inter and final.

• Direct Entry Route- The students who have completed their graduation can opt for this method of entry to the course. CA course contains only 2 levels for them namely inter and final.

Read More:- CA Final Registration, Syllabus, Dates, Admit Card

Now let’s discuss all the three levels of the course

In India ICAI (Institute of Chartered Accountants of India) manages the whole course, examination, and working of the CAs.

CA Foundation Course

Foundation Course is the entry level for Chartered Accountancy Course and is also known as CPT or Common Proficiency Test. Foundation Course registration is valid for 3 years. 

Students are required to complete a minimum of 4 months study period from the date of registration to be eligible to appear in the Foundation Examination. It is held twice a year in the months of June and December.

Foundation Course comprises of four papers, out of which two are subjective and two are objective type.

Passing criteria:

You have to secure at least 50 % in aggregate and 40 % in each subject individually or obtain a minimum 200 marks i.e. 50% of total Marks (400) for passing Foundation.

No Subject wise linkage for passing foundation. There is the Negative marking of 0.25 Marks for every incorrect answer in the objective type papers and the Blank answer will fetch Zero marks.

Syllabus for CA-Foundation

It contains four papers of total 400 marks, two of which are objective type and the other two are subjective type. The examination is conducted in two sessions on the same day with an interval in between.

PAPER- 1: PRINCIPLES AND PRACTICE OF ACCOUNTING

1. Theoretical Framework

2. Accounting Process

3. Bank Reconciliation Statement

4. Inventories

5. Concept and Accounting of Depreciation

6. Accounting for Special Transactions

1. Bills of exchange and promissory notes

2. Sale of goods on approval or return basis

3. Consignments

4. Joint Ventures for non-corporate entities

5. Royalty accounts

6. Average due Date

7. Account Current

7. Final Accounts of Sole Proprietors

8. Partnership Accounts

9. Financial Statements of Not-for-Profit Organizations

10. Introduction to Company Accounts

11. Basic Accounting Ratios

Read More:- The scope of CA Course Outside India

PAPER – 2: BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING

SECTION A: BUSINESS LAWS (60 MARKS)

1. The Indian Contract Act, 1872

2. The Sale of Goods Act, 1930

3. The Indian Partnership Act, 1932

4. The Limited Liability Partnership Act, 2008

5. The Companies Act, 2013

SECTION B: BUSINESS CORRESPONDENCE AND REPORTING (MARKS 40)

Part I: Communication

1. Communication

(i) Types

(ii) Directions

(iii) Network

(iv) Process

(v) Problems

(vi) Barriers

(vii) Types of Communication

Part II: Sentence Types and Word Power

2. Sentence Types (Direct-Indirect, Active-Passive Speech)

3. Vocabulary Root Words, Synonyms, Antonyms, Prefixes, Suffixes), Phrasal verbs, Collocations, and Idioms.

Part III: Comprehension Passages and Note-Making

4. Comprehension Passages

5. Note Making

Part IV: Developing Writing Skills

6. Introduction to Basic Writing

7. Précis Writing

8. Article Writing

9. Report Writing

10. Writing Formal Letters

11. Writing Formal Mails

12. Resume Writing

13. Meetings

Read More:- 10 Things to Consider Before Quitting CA Exam

PAPER- 3: BUSINESS MATHEMATICS, LOGICAL REASONING, AND STATISTICS

Part A. Business Mathematics (40 Marks)

1. Ratio and Proportion, Indices and Logarithms

2. Equations and Matrices

3. Linear Inequalities with Objective Functions and Optimization w.r.t. objective function

4. Time value of Money

5. Permutations and Combinations

6. Sequence and Series

7. Sets, Relations and Functions

8. Basic applications of Differential and Integral calculus

Part B: Logical Reasoning (20 Marks)

1. Number series, Coding and Decoding and the odd man out.

2. Direction Tests

3. Seating Arrangements

4. Blood Relations

5. Syllogism

Part C: Statistics (40 Marks)

1. Statistical description of Data

2. Measures of Central Tendency and Dispersion

3. Probability

4. Theoretical Distributions

5. Correlation and Regression

6. Index Numbers and Time Series

PAPER- 4: BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE

PART I: BUSINESS ECONOMICS (60 Marks)

1. Introduction to Business Economics

2. Theory of Demand and Supply

3. Theory of Production and Cost

4. Price Determination in Different Markets

5. Business Cycles

PART II: BUSINESS AND COMMERCIAL KNOWLEDGE (40 MARKS)

1. Introduction to Business

2. Business Environment

3. Business organizations

4. Government Policies for Business Growth

5. Organizations facilitating Business

6. Common Business Terminologies

Read Also:- Chartered Accountancy (CA) Course Detail-The Complete Guide

CA Intermediate Course Syllabus

Students can join Intermediate Course after passing Foundation Examination under the Foundation Entry Route. They can appear in the Intermediate Examination on completion of 8 months of study course.

Intermediate Course registration is valid for 4 years. Students who joined the course under Direct Entry Route can appear in Intermediate Examination on completion of 9 months of Practical Training.

Passing criteria

Students have to get at least 40% in each Subject & 50% in aggregate to pass the examination.

                   GROUP- I

PAPER 1 – ACCOUNTING

1. The process of formulation of Accounting Standards including IndASs (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. Applications of Accounting Standards: AS1, AS2, AS3, AS4, AS5, AS10, AS11, AS12, AS13, AS16, AS17, AS22.

4. Company Accounts

5. Accounting for Special Transactions:

(i) Investment

(ii) Insurance claims for loss of stock and loss of profit

(iii) Hire-purchase and Installment Sale Transaction

6. Special Type of Accounting

(i) Departmental Accounting

(ii) Accounting for Branches including foreign branches

(iii) Accounts from Incomplete Records

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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PAPER – 2: CORPORATE AND OTHER LAWS

PART I – COMPANY LAW (60 MARKS)

The Companies Act, 2013 (Sections 1 to 148)

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

PART II – OTHER LAWS (40 MARKS)

1. The Indian Contract Act, 1872

2. The Negotiable Instruments Act, 1881

3. The General Clauses Act, 1897

4. Interpretation of statutes

PAPER – 3: COST AND MANAGEMENT ACCOUNTING

1. Overview of Cost and Management Accounting

2. Ascertainment of Cost and Cost Accounting System

1. Material Cost

2.  Employee Cost

3. Direct Expenses

4. Overheads

5.  Concepts of Activity Based Costing (ABC)

6. Recording and Accounting of Costs

3. Methods of Costing

1. Single Output/ Unit Costing

2.  Job Costing

3. Batch Costing

4. Contract Costing

5.  Process/ Operation Costing

6. Costing of Service Sectors

4. Cost Control and Analysis

1. Standard Costing

2.  Marginal Costing

3. Budget and Budgetary Control

PAPER – 4: TAXATION

SECTION A: INCOME TAX LAW (60 MARKS)

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)

1. Concept of indirect taxes

2. Goods and Services Tax (GST) Laws

           GROUP II

PAPER 5: ADVANCED ACCOUNTING

1. Accounting Standards: AS7, AS9, AS14, AS18, AS19, AS20, AS24, AS26, AS29

2. Application of Guidance Notes issued by the ICAI on specified accounting aspects

3. Company Accounts- 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

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PAPER 6: AUDITING AND ASSURANCE (100 MARKS)

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

PAPER – 7: ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT

SECTION A: ENTERPRISE INFORMATION SYSTEMS (50 MARKS)

1. Automated Business Process

2. Financial And Accounting Systems

3. Information Systems And Its Components

4. E-Commerce, M-Commerce And Emerging Technologies

5.  Core Banking Systems

SECTION B: STRATEGIC MANAGEMENT (50 MARKS)

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. Organization and Strategic Leadership

8. Strategy Implementation and Control

Read More:- How to Prepare for CA Taxation Subject?

PAPER – 8: FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE

SECTION A: FINANCIAL MANAGEMENT (60 MARKS)

1. Financial Management and Financial Analysis

2. Financing Decisions

1. Sources of Finance

2. Lease Financing

3. Cost of Capital

4. Capital Structure Decision

5. Leverages

3. Capital Investment and Dividend Decisions

1. Capital Investment Decisions

2. Adjustment of Risk and Uncertainty in Capital Budgeting Decision

3. Dividend Decisions

4. Management of Working Capital

SECTION B: ECONOMICS FOR FINANCE (MARKS: 40)

1. Determination of National Income

2. The Money Market

3. Public Finance

4. International Trade

Articleship or internship of CA

Students can join articled training after passing either of the Group or Both Groups of Intermediate Course and after successfully undergoing ICITSS.

Students coming through Direct Entry Route have to complete 9 months articles to be eligible for the intermediate examination.

The total duration of articles is 3 years and in last 1-year student can join for Industrial Training. The stipend is paid during the Articleship period.

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CA-Final Syllabus

Before registering for Final Course, students need to clear the balance Group (if any) of Intermediate Examination. Students also have to successfully undergo Four Weeks Advanced Integrated Course on Information Technology and Soft skills (AICITSS) during the last two years of practical training but before appearing in the Final Examination.

One can appear in the Final Examination on completion of 2½ years Articleship.

Passing criteria

Students have to achieve at least 40% in each Subject & Aggregate of 50% in order to pass the examination.

 Group- I

PAPER – 1: FINANCIAL REPORTING

1. Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28 (The students will also be required to apply other Accounting Standards if applicable in any of the questions).

2. Application of Guidance Notes issued by ICAI on specified accounting aspects.

3. Framework for Preparation and Presentation of Financial Statements

4. Application of Indian Accounting Standards (Ind AS)

5. Consolidated and Separate Financial Statements (as per Ind AS)

6. Application of Industry specific and Transaction Specific Indian Accounting Standards

7. Business Combinations and Accounting for Corporate Restructuring (including demerger)

8.  Accounting and Reporting of Financial Instruments

9. Accounting for Share-Based Payment

10. Analysis of Financial Statements

11. Accounting for Carbon Credits

12. Accounting for E-commerce

13. Emerging trends in Reporting

PAPER – 2: STRATEGIC FINANCIAL MANAGEMENT

1. Financial Policy and Corporate Strategy

2. Indian Financial System

3. Risk Management

4. Security Analysis

5. Security Valuation

6. Portfolio Management

7. Securitization

8. Mutual Fund

9. Derivatives Analysis and Valuation

10. Foreign Exchange Exposure and Risk Management

11. International Financial Management

12. Interest Rate Risk Management

13. Corporate Valuation

14. Mergers, Acquisitions and Corporate Restructuring

15. International Financial Centre (IFC)

16. Startup Finance

17. Small & Medium Enterprises

 Read More:-How to Pass the CA Exam in the First Attempt?

PAPER – 3: ADVANCED AUDITING AND PROFESSIONAL ETHICS

1. Auditing Standards, Statements and Guidance Notes

2. Audit Planning, Strategy and Execution

3. Risk Assessment and Internal Control

4. Special aspects of Auditing in an Automated Environment

5. Audit of Limited Companies

6. Audit Reports

7. Audit Reports & Certificates for Special Purpose Engagement

8. Audit Committee and Corporate Governance

9. Audit of Consolidated Financial Statements

10. Special features of audit of Banks, Insurance & Non-Banking Financial Companies, Audit under Fiscal Laws

11. Special Audit Assignments

12. Audit of Public Sector Undertakings

13. Liabilities of Auditors

14. Internal Audit, Management and Operational Audit

15. Due Diligence, Investigation and Forensic Audit

16. Peer Review and Quality Review

17. Professional Ethics

PAPER – 4: CORPORATE AND ECONOMIC LAWS

PART – I: CORPORATE LAWS (70 Marks)

SECTION A: COMPANY LAW

1. The Companies Act, 2013

2. Corporate Secretarial Practice

SECTION B: SECURITIES LAWS

1. The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957

2. The Securities Exchange Board of India Act, 1992

PART II: ECONOMIC LAWS (30 MARKS)

1. The Foreign Exchange Management Act, 1999

2. The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

3. The Prevention of Money Laundering Act, 2002

4. Foreign Contribution Regulation Act, 2010

5. The Arbitration and Conciliation Act, 1996

6. The Insolvency and Bankruptcy Code, 2016

 Read More:-CA New Syllabus Detailed Subject Wise 2018

PAPER – 5: STRATEGIC COST MANAGEMENT AND PERFORMANCE EVALUATION

Part – A: STRATEGIC COST MANAGEMENT AND DECISION MAKING

Sub Part-I: Strategic Cost Management

1. Introduction to Strategic Cost Management

2. Modern Business Environment

3. Lean System and Innovation

4. Cost Management Techniques

5. Cost Management for Specific Sectors

Sub Part-II: Strategic Decision Making

1. Decision Making

2. Pricing Strategies/ Decisions

PART-B: PERFORMANCE EVALUATION AND CONTROL

Sub Part-I: Performance Evaluation and Reporting

1. Performance Measurement and Evaluation

2. Divisional Transfer Pricing

3. Strategic Analysis of Operating Income

Sub Part-II: Managerial Control

1. Budgetary Control

2. Standard Costing

PAPER-C: CASE STUDY

Covering course concepts

PAPER – 6A: RISK MANAGEMENT

1. Introduction to risk

2. Source and evaluation of risks

3. Risk management

4. Quantitative analysis

5. Risk model

6. Credit risk measurement and management

7. The risk associated with corporate governance

8. Enterprise Risk Management

9. Operational Risk Management

PAPER – 6B: FINANCIAL SERVICES AND CAPITAL MARKETS

1. Global Financial Markets

2. Impact of various Policies of Financial Markets

3. Capital Market – Primary

4. Capital Market – Secondary

5. Money Market

6. Institutions and Intermediaries

7. Commodity Market

8. A. Banking- Management

B. Banking as the source of Capital Including NBFCs

9. Mutual Funds

10. Private Equity

11. Investment Banking

12. Credit Rating

13. Treasury Operations

14. Risk Management

15. Credit Derivatives

16. SEBI Guidelines

PAPER – 6C: INTERNATIONAL TAXATION

Part-I: Taxation of International Transactions and Non-resident Taxation in India

1. Transfer Pricing provisions under the Income-tax Act, 1961

2. Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961

3. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview

Part-II: Other aspects of International Taxation

1. Overview of Model Tax Conventions

2. Tax treaties, Application and Interpretation

3. Anti-Avoidance Measures

4. Taxation of E-Commerce Transactions

PAPER – 6D: ECONOMIC LAWS

1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism

2. Competition Act, 2002 and Rules/ Regulations

3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]

4. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations

5. Prevention of Money Laundering Act, 2002 and Rules/ Regulations

6. Foreign Exchange Management Act, 1999 and Rules/ Regulations

7. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

PAPER – 6E: GLOBAL FINANCIAL REPORTING STANDARDS

1. Conceptual Framework for Financial Reporting as per IFRS

2. Application of International Financial Reporting Standards

3. Significant differences between IFRS and US GAAP

PAPER – 6F: MULTIDISCIPLINARY CASE STUDY

This paper will include Case Studies covering the following areas:

1. Financial Accounting and Reporting

2. Audit and Assurance

3. Taxation

4. Finance and Financial Management

5. Management Accounting

6. Corporate Laws

7. Business Strategy and Management

PAPER – 7: DIRECT TAX LAWS AND INTERNATIONAL TAXATION

Part I: Direct Tax Laws (70 Marks)

Law and Procedures under the Income-tax Act, 1961,

1. The basis of charge, residential status, income which do not form part of total income, heads of income, the income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates, and reliefs

2. Special provisions relating to companies and certain persons other than a company

3. Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts

4. Tax Planning, Tax Avoidance & Tax Evasion

5. Collection & Recovery of Tax, Refunds

6. Income-tax Authorities, Procedure for assessment, Appeals and Revision

7. Settlement of Tax Cases, Penalties, Offences & Prosecution

8. Liability in Special Cases

9. Miscellaneous Provisions and Other Provisions

Part II: International Taxation (30 Marks)

1. Taxation of international transactions and Non-resident taxation

2. Overview of Model Tax Conventions – OECD & UN

3. Application and interpretation of Tax Treaties

4. Fundamentals of Base Erosion and Profit Shifting

PAPER 8: INDIRECT TAX LAWS

Part-I: Goods and Services Tax (75 Marks)

1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017

Part-II: Customs & FTP (25 Marks)

1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975

2. Foreign Trade Policy to the extent relevant to the indirect tax laws

After passing the CA Final examination, one is enrolled as a member of ICAI and designated as “Chartered Accountant”. 

This is all about the latest syllabus structure for the CA course that the students have to follow. We hope it is helpful to you.

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Sourav Pathak

A Guy Without a “Title”. Good friends, Good Books, and a Sleepy Conscience: That Sums of My life.