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The final phase of the CMA Course (Cost and Management Accounting) is the ICMAI CMA Final course. The Institute of Cost and Management Accounts of India (ICMAI), its parent organization, organizes it. Eight subjects are included in the CMA Final syllabus, and they are split into two categories. The syllabus is available to students on the ICMAI website. Anyone who has completed the CMA Intermediate Course is entitled to enroll in the CMA Final course. Before January 31, 2023, you can register for the CMA Final examinations in June 2023 on the ICMAI website.
Students have enough time to study for the tests after registering. You need to put in a lot of study time if you want a solid CMA Final score and to pass the test the first time. We’ve provided a thorough manual with all the important details about the CMA Final course in order to make the students’ research here easier. It contains important dates, eligibility requirements, the registration form and fees, the admit card, the syllabus, study guides, the results, etc. for the ICMAI CMA Final exam 2023. Students who desire to pass this test on their first try with a rank can enroll in the CMA Final coaching at Vsmart Academy. Here, each student will receive individualized coaching in addition to timely completion of the curriculum, high-quality instruction from qualified instructors, and frequent mock exams.
ICMAI CMA Final Registration 2023
The registration process for students taking the ICMAI CMA Final 2023 Exam consists of two parts. It involves signing up and then completing the form. Let’s check over your plan for finishing the procedure.
Registration Process:
Step 1: Visit icmai.in, ICMAI’s official website, to register for the CMA Final course.
Step 2: From the menu on the left, select “Online admission”. Go to “CMA Final Course” from there.
Step 3: At this point, provide your email address, the type of coaching, and all other necessary information. Click “Send OTP” after that.
Step 4: At this point, you will receive the OTP needed to register with your login information. The CA Final application form will appear, and you must fill it up with the necessary information.
Step 5: After that, upload the necessary files.
Step 6: The last action is to make the necessary CMA Final registration payments.
This concludes the entire CMA Final course registration procedure. You will receive a welcome email once you have successfully submitted the registration money and required documentation. The registration number will also be given to you after the documents have been verified.
ICMAI CMA Final Registration Fees 2023
The registration costs for the CMA Final test in 2023 are as follows. Aside from the application form charge, double-check that this is the registration fee.
Oral | Postal | ||
Option I (Without instalment) | Option II (With Instalment) | Option I (Without instalment) | Option II (With Instalment) |
Rs. 25000 | Rs. 15000
Rs. 10000 |
Rs. 25000 | Rs. 15000
Rs. 10000 |
Syllabus of CMA Final Course 2023
There are two groups of four papers each throughout the complete CMA Final course. You have the option of simultaneously appearing in both groups or just one. You will study the following topics in the CMA Final course:
Group I
- Corporate Laws & Compliance
- Strategic Financial Management
- Strategic Cost Management – Decision Making
- Direct Tax Laws and International Taxation
Group II
- Corporate Financial Reporting
- Indirect Tax Laws and Practice
- Cost and Management Audit
- Strategic Performance Management and Business Valuation
ICMAI CMA Final Admit Card 2023
Two weeks before the start of the exams, the admit cards for the CMA Final Exam 2023 will be released. The student must download their admit card and bring it with them to the test room to enter the gallery; otherwise, they will not be permitted.
Download ICMAI CMA Final Admit Card 2023
- Check out the ICMAI webpage.
- Activate the inspection window.
- Choose “Admit Card” from the drop-down menu.
- Select the CMA Final Exam link.
- Enter your information now to obtain and print your CMA Final admission card.
As you download the admit card, you must now confirm the information on it, including:
- The candidate’s name
- the signature and the picture
- No. of rolls
- Exam dates, times, and test centres
- Examination instruction
CMA Final Exam Pattern
Students should review the exam format before beginning their CMA Final exam preparation so they can develop an effective exam strategy. You may see the CMA Final course test schedule, syllabus, and weighting for each paper here.
Particulars | Details |
Marks carried by each subject | 100 marks |
Duration of each paper | 3 hours |
Medium of Exam | English |
Prepare Strategy For CA Foundation June 2023
Table of Content
- Prepare a Time-Table
- Join the proper coaching
- Focus on Statistics and Logical Reasoning
- Prepare Your Own Revision Notes
- Command Over Calculator
- Take Short Breaks
- Minimum Three Times Revision
- Practice with CA Foundation Question Papers and Mock Test Papers
- Focus on Presentation
- Revision in the last month
Students who sign up for the CA Foundation course have four months to study for the tests. To learn exactly how to prepare for the CA Foundation in a four-month study time, attentively read this article. While smart work is equally as necessary as hard labour, both are always important. To pass the Foundation level on your first try, heed the 10 wise bits of advice provided in this article.
Every student studying commerce aspires to become a chartered accountant because it is the most difficult course in India. Even though thousands of students register each year, India only has 2,80,000 chartered accountants. The ICAI (Institute of Chartered Accountants of India) is the only recognized organization that is in charge of and authorized to hold the CA examinations.
Students who plan to sit for the CA Foundation examinations in 2023 should review the new curriculum that ICAI has suggested. Check out the comprehensive blog for all the information about the ICAI CA new scheme 2023.
How to Prepare For CA Foundation Exam
First-time candidates for the CA Foundation test lack knowledge of preparation. Here, we are offering you professional guidance that will enable you to perform well on the CA Foundation. Check out the study advice to pass the CA Foundation exams on your first try.
1. Prepare a Time-Table
Making a schedule for your study is the first thing you should do. Students who believe creating a schedule is pointless made a mistake. Make a strategy rather than waste time every day debating what to learn or where to begin. Pick up your study guide, look over the CA Foundation exam schedule, and allot time for each subject and each chapter following the remaining exam days. This can help you analyze your performance in addition to organizing your study correctly.
2. Join the proper coaching
The success or failure of a student is significantly influenced by their teachers. With only passing marks, many students pass this exam without any coaching. However, let me caution you that having a firm grasp of the principles is crucial from the very beginning because becoming a chartered accountant is a long road where you will be referred to as an expert. Additionally, receiving good CA Foundation instruction aids in your quest for conceptual clarity.
3. Focus on Statistics and Logical Reasoning
Because CA Foundation Math’s does not seem to be a high-scoring topic for non-Math’s students, non-Math’s commerce students are encouraged to concentrate on Statistics and Logical Reasoning. Twenty of the total marks are for logical thinking, with the remaining marks being equally split between math’s and statistics. In light of this, Non-Math’s should concentrate mostly on Statistics and Logical Reasoning.
4. Prepare Your Own Revision Notes
The greatest source notes to review for the exam are your own handwritten notes because the course is so extensive and nearly impossible to review in a single day. Therefore, always write down brief notes for yourself throughout class. These notes will come in very handy when it comes time to take the exam.
5. Command Over Calculator
Calculators are allowed in the CA exams because the ICAI does not want its students to perform manual labour. Since papers are almost always long, mastering the calculator has become crucial. Learn the short keys, such as G, M+, and M-. You’ll gain valuable exam time by doing this.
6. Take Short Breaks
Do not study nonstop for the entire day if you want to learn something. Every two to three hours, take quick breaks of 10-15 minutes to recharge your brain. Because morning is thought to be the optimum time to finish theory assignments, start your day with theory classes before moving on to practical ones. Finish your day by reviewing what you accomplished.
7. Minimum Three Times Revision
The course is extensive, and before the tests you should review it at least three times. Plan your revision effectively by going over every topic in your first revision and marking any questions that are the same so that you don’t waste time answering the same ones twice. Try to answer one question from each kind at the second revision and note any that you feel are difficult, crucial, or require one more revision. Read the concepts throughout your final and third revisions, and only complete the questions you believe require one more review.
8. Practice with CA Foundation Question Papers and Mock Test Papers
Model test questions and CA Foundation practice exams have been really beneficial in helping you pass your exam. You learned how to organise your time and accurately analyse the questions from them. Of course, once you’ve finished the course, it’s best to solve the CA Foundation practise exam questions. However, it has frequently been seen that pupils are unable to complete the assignments because of a shortage of time. Therefore, it is advised to complete the MTPs and previous year’s question papers at the end of each chapter and once the course is over.
9. Focus on Presentation
The subjective paper pattern will require the students to concentrate on their presentations. Don’t take it lightly because they aren’t your final examinations for school. Presentation is very important in professional tests, notably the CA tests. The syllabus includes four papers, two of which are objective and two of which are subjective. Start writing out the questions for practice, then compare them to the solutions that have been supplied by your mentors.
10. Revision in the last month
The subjective paper pattern will require the students to concentrate on their presentations. Don’t take it lightly because they aren’t your final examinations for school. Presentation is very important in professional tests, notably the CA tests. The syllabus includes four papers, two of which are objective and two of which are subjective. Start writing out the questions for practice, then compare them to the solutions that have been supplied by your mentors.
Preparation Strategy To Score Good Marks in CA Inter Accounts
Table of Content
Introduction to Accounting Standards
One of the prestigious courses that demand a lot of effort in CA inter. To become a chartered accountant, one must pass all of the ICAI exams. Exam success is challenging for students, which is caused by inadequate instruction. Accounting is one of the numerous courses included in the CA course. We’ll go over a few pointers in this article that will help you do well on your Accounting exams.
To clear the CA intermediate course, CA candidates need to follow some strategies. The strategies are as follows:
- Create a study schedule in accordance with the dates of the CA Inter exams.
- Just download the ICAI CA Inter study material for the 2023 try, as May 2023 examinations are the following. Also, we have provided the ICAI Inter study guide here in both Hindi and English.
- Sign up for the top coaching Candidates must enrol in the top CA intermediate coaching facility in order to adequately prepare for the course.
- To aid them during review, students must create their own revision ca inter notes pdf.
- Applicants must concentrate on statistics and logical reasoning.
- Calculators must be controlled by students.
- During the study, candidates are required to take a short rest.
- Candidates for the intermediate CA exam should attempt at least three revisions.
- For better preparation, candidates should solve sample test questions.
- During the exam, candidates should concentrate on how to write an answer.
- CA applicants should make plans to attempt to complete the most recent revision.
Many students have benefited from these tactics in order to achieve good CA Intermediate scores. If you use the right study methods and study guides, passing intermediate or IPCC shouldn’t be too difficult for you.
Paper 1 – Accounting (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. | |
1. Process of formulation of Accounting Standards including Ind AS (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: | AS 1 : Disclosure of Accounting Policies
AS 2 : Valuation of Inventories AS 3 : Cash Flow Statements 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 |
4. Company Accounts | (i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet
and Cash Flow Statement; (ii) Managerial Remuneration; (iii) Profit (Loss) prior to incorporation; (iv) Accounting for bonus issue and right issue; (v) Redemption of preference shares; (vi) Redemption of debentures |
5. Accounting for Special Transactions: | (i) Investment;
(ii) Insurance claims for loss of stock and loss of profit; (iii) Hire- purchase and Instalment sale transactions |
6. Special Type of Accounting | (i) Departmental Accounting;
(ii) Accounting for Branches including foreign branches; (iii) Accounts from Incomplete Records |
CA Intermediate Accounting Study Material (English)
Module 1 | Module 2 | Module 3 |
Initial Page | Initial Page | Initial Page |
Chapter 1: Introduction to Accounting Standards | Chapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements Unit 2: Cash Flow Statement |
Chapter 9: Investment Accounts |
Chapter 2: Framework for Preparation and Presentation of Financial Statements | Chapter 5: Profit or Loss Pre and Post Incorporation | Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit |
Chapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards Unit 2: Overview of Accounting Standards |
Chapter 6: Accounting for Bonus Issue and Right Issue | Chapter 11: Hire Purchase and Instalment Sale Transactions |
Chapter 7: Redemption of Preference Shares | Chapter 12: Departmental Accounts | |
Chapter 8: Redemption of Debentures | Chapter 13: Accounting for Branches Including Foreign Branches | |
Chapter 14: Accounts from Incomplete Records |
CA Intermediate Accounts Study Material (Hindi)
Module 1 | Module 2 | Module 3 |
Initial Pages | Initial Page | Initial Page |
Chapter 1: Introduction to Accounting Standards | Chapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements Unit 2: Cash Flow Statement |
Chapter 9: Investment Accounts |
Chapter 2: Framework for Preparation and Presentation of Financial Statements | Chapter 5: Profit or Loss Pre and Post Incorporation | Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit |
Chapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards Unit 2: Overview of Accounting Standards |
Chapter 6: Accounting for Bonus Issue and Right Issue | Chapter 11: Hire Purchase and Instalment Sale Transactions |
Chapter 7: Redemption of Preference Shares | Chapter 12: Departmental Accounts | |
Chapter 8: Redemption of Debentures | Chapter 13: Accounting for Branches Including Foreign Branches | |
Chapter 14: Accounts from Incomplete Records |
How to Study Accounts for CA Intermediate?
ICAI's Study Material
Whether you are receiving coaching or performing self-study, the ICAI Study Material ought to be your first choice. No matter what anyone says, ICAI’s Study Material is the greatest book for the CA course.
Every topic that is mentioned in the study materials should be read.
Each notion should be read in detail along with its images.
Concept Register
Create a separate concept register where you can record the concepts you are learning in your language along with an explanation. You would find this register to be quite helpful when studying.
Practice
For each concept, try to answer as many questions as you can. You can consult any book, including the one published by your coaching institute, for this. In your notepad, write your errors.
Do Smart Study
- Mark the questions that cover various topics as you study them, and then record the answers in the book alongside the question. You can use this when revising. You can concentrate on the points made by such queries.
- Identify similar inquiries. This can assist you in preventing time wasted, as answering questions that are similar wastes time.
- Daily study.
- Set a time limit every time you answer a certain question. You will speed up as a result of this. Set a timer for a question when you are studying. For instance, the maximum time allotted for answering a question with an 8-mark weighting should be 14.4 minutes (8*1.8).
- Establish daily goals. Goals ought to be reachable.
- Keep up with any changes that the ICAI posts to its website along with RTP.
How To Prepare Accounts for exams?
Making a good plan is one of the most crucial aspects of exam preparation. Create a written revision plan. Set a goal to finish the entire subject in a specific number of days.
The first revision should be finished in no more than 20 days. Review each idea and all of its related questions during the first revision. Concentrate on your presentation and approach questions like you would in an exam.
You’ve already remembered your curriculum after one revision. Resolve the ICAI-issued RTPs for the current and previous attempts. Look for and concentrate on your issues. Answer the questions from previous tries.
Concentrate on your trouble spots in the second revision. You are not required to respond to every query. Your primary concentration should be on the concepts you find challenging and the problems with multiple-choice components, but don’t forget to review the fundamental ideas as well. It must be finished in no more than 10 days.
Answer at least two mock test questions using suitable exam techniques. This will assist you in developing your confidence and overcoming your exam anxiety. You will learn about the issues you encounter while writing a paper. You are welcome to participate in the ICAI’s regional branches’ Mock Test Papers.
Paper Pattern
After finishing up our preparation, let’s concentrate on the paper pattern. There are six questions on the exam. Examinees must attempt four out of the remaining five questions, with the first question being required. The weight of each question is 20 marks.
CA Inter Accounts Syllabus Distribution
The ICAI-provided syllabus serves as the foundation for the CA Intermediate question paper. Applicants should be aware that only the revised syllabus will be used to produce the question paper by the ICAI. So, applicants must review the official syllabus and create a study plan following it before beginning their preparation for the CA Intermediate exams. The syllabus contains detailed information about the topics and subtopics covered in the CA Intermediate exams.
Paper included in CA Intermediate 2023 exam
Groups | Papers | Details |
Group 1 | Paper-1 | Accounting |
Paper-2 | Corporate and Other Laws | |
Paper-3 | Cost and Management Accounting | |
Paper-4 | Taxation | |
Group 2 | Paper-5 | Advanced Accounting |
Paper-6 | Auditing and Assurance | |
Paper-7 | Enterprise Information Systems & Strategic Management | |
Paper-8 | Financial Management & Economics for Finance |
Vsmart Academy is constantly working to create a system that can assist every student in realising their full potential. It has been demonstrated by the Vsmart Academy results that we train every single student for rank rather than merely passing this exam. We are the best CA coaching institute in India because of this.
Preparation Strategy to Score Good Marks in CA Final IDT
We are aware that CA final students experience the most tension when preparing the IDT Exam because GST is the subject that is discussed the most everywhere. IDT is really an intriguing subject that some students really enjoy, but it somehow gets overlooked by other students. Hence, this is a tiny attempt to assist students in their quest to not only pass this course but also earn an exemption from IDT. The GST and Customs sections make up the entirety of the IDT subject. I believe that students should attempt to finish the customs section first since it will give them confidence that they have completed at least 30-35 of their paper’s marks in an appropriate manner.
Preparation strategy
- Understanding Concept
Conceptual clarity is the foundation for both GST and customs. As this subject combines both theoretical and practical components, I believe that if students concentrate on concepts appropriately, they will never have any significant problems with the subject.
- Refer Institute’s Material
The majority of pupils commit this error. The Institute is the organisation that oversees the tests, therefore why is it so hard to comprehend that the information offered by the Institute also holds some significance? Studying the course material through coaching notes is absolutely acceptable, however students should also work through the practical exercises included in the study guide to make sure the coaching notes completely cover the subject. Avoid relying solely on coaching notes.
- Solving Practical Problems
“Valuation” is a topic that is covered by both GST and Customs. It is a significant subject, and there are numerous real-world issues that might be encountered. 16–20 points are assigned for this single topic in both. The ITC under GST is the next crucial subject. Every paper includes this issue for at least 8–10 marks, and in my opinion, every student needs to understand it because it is important in real-world situations as well. Refunds and other issues should be taken care of as well.
Weightage and Past Trends of CA Final IDT
*= This means that the question has multiple adjustments from different chapters also. Also, the above data is just for the written paper and 30 marks MCQs have not been included.
WEIGHTAGE: As said above the subject when divided into 4 parts:-
- GST Provisions (Chp 1 to 16) – 50 to 55 marks
- GST Procedures (Chp 17 to 24) – 25 marks approx
- Custom Laws – 30 to 35 marks
- FTP – 5 marks approx
Which Chapters to Start Studying for CA Final IDT?
It is advised against studying in a hurry because this subject is so extensive. That should take at least 12 full days. But, those can be interspersed with discussions of other topics. Now, it’s crucial to avoid skipping any topics outright unless your teachers specifically encourage you to do so because they might come up with adjustments or even MCQs. Value of Supply, ITC, Refunds, and Valuation under Customs are a few chapters that are challenging and call for more practice. You should review the study questions, past tests, a few past rtps, and mock exams. The remaining chapters can be studied and understood just like any other law.
From which chapter to start preparing:
The ICAI advises studying the subject chronologically because it is a law subject. This holds true for both GST and Customs, however you can examine FTP as a stand-alone chapter. Also, in order to make the best impression on the examiner, attempt to remember the portions by studying chronologically (Although it is not necessary). Don’t try to remember too much information that is not necessary. For instance, the customs knowledge examination has a lot of case laws that are not necessary to recall.
Conclusion:
IDT is a very fascinating subject that the majority of students as well as tax enthusiasts enjoy studying. It includes Customs and GST laws, but focuses more on GST. It is a huge topic that requires consideration. The GST provisions, GST procedural component, Custom laws, and FTP should all be considered separately. For this subject, students must have a solid understanding of the provisions. Also, different pupils study from different materials for this subject. No matter where you learn, though, you must comprehend the rules and be able to use them to answer questions. If you are unsure of where to start your preparation, Icai study material is ideal.
CA Final Registration for year Nov 2023- Process, Fees and Last Date
CA Final Registration 2023:
From July 1 to November 1, 2023, the Institute of Chartered Accountants of India (ICAI) will accept registrations for the CA Final exam. On January 1, 2023, registration for the CA Final May 2023 was closed. Applicants who want to apply for the CA Final test should review the prerequisites first. Although registration for the CA Final is open all year long, candidates must be aware of the deadlines. The CA Final 2023 application cost is Rs 22000.
CA Final Registration Eligibility:
The primary prerequisite for being eligible to register for the CA Final Registration is completion of the prior IPCC or Intermediate level. You must receive a minimum of 40% on each topic and a total score of 50% in either one of the two groups—or both—to pass the CA Intermediate exam.
The CA curriculum consists of three stages: Foundation, IPCC/Intermediate, and Finals. Students must pass through the prior level in order to be selected for the subsequent one. Candidates may not complete the Foundation level and be qualified to proceed to the Intermediate level, however, if they fulfil certain criteria stipulated by ICAI.
To be qualified to take the CA Final exam, you must have registered for the course and completed your articleship training under a certified chartered accountant. The CA Exam Test Series can assist you in the procedure.
Fees for CA Registration:
Details | Fee |
Final registration fee (for Indian students) | Rs. 22000 |
Final registration fee (for Foreign nationals) | USD 1100 |
Required Documents for CA Final Registration:
The following documents must be available for scanning before submitting the CA Final application form:
How to register for the ICAI CA Final:
Step 1: Candidates who are appearing must visit the ICAI’s official website in order to fill out the ICAI CA Final Registration Form.
Step 2: The appearing applicant must enter their Registration ID and password and select the SSP portal in order to begin the CA Final Registration Process.
Step 3: The student can view the student cycle and the article cycle on the screen.
Step 4: Choose the Students Cycle to sign up for the CA Final Examination.
Step 5: Here, students must select the option for the CA Final course level.
Step 6: You’ll be directed to a website where you must enter the information for the CA Final Registration Form.
Step 7: After successfully completing the documents, it is advisable that the pupils thoroughly study them.
Step 8: The candidate must now upload all required documentation, including the training certificate and grade report.
Step 9: After uploading all essential evidence, students must pay the CA Final Application Form Fee using debit card, credit card, or net banking.
Step 10: Finish the Recaptcha to confirm that the CA Final Registration Form Fee has been paid.
CA Final 2023 Dates
Particulars | Dates (May/ June) 2023 | Dates (November/ December) 2023 |
Last date to register | January 1, 2023 | July 1, 2023 |
Exam form availability | February 03-February 24, 2023 (without late fee)
February 25-March 3, 2023 (with late fee) |
To be notified |
Exam date | Group I- May 2, 4, 7, and 9, 2023
Group II- May 11, 13, 15 and 17, 2023 |
To be notified |
What after CA Final Registration 2023?
After successful registration, candidates can also order the study material through the centralised distribution system portal.
Click here to access the centralised distribution system portal of ICAI.
The exam form is made available online by ICAI. After the registration period is over, the release date for the CA Final exam form is revised. On February 3, 2023, ICAI will make the CA Final 2023 exam application for the May session available. If a candidate wants to sit for the CA Final test, they must fill out the exam form. Applicants won’t be permitted to sit for the tests if they don’t fill out the exam form.
The CA Final 2023 admit card will be made available to registered candidates upon the completion of all submissions.
What Next after ICAI CA Foundation Result 2022 Declared
ICAI CA Foundation result declaration was made on February 03 2023, for exams taken in December 2022. We are aware that you have numerous inquiries striking on your mind. What happened next? What to do after the ICAI CA Foundation result. What comes after the CA Foundation? Ok! You will receive all of your answers to questions and have all of your uncertainties cleared up in 10 to 15 minutes. You have successfully finished your first or foundational Chartered Accountancy Course. Find all the materials you need for the following level, which is CA Intermediate.
Check here : CA Foundation Result 2022 – Know the Dates, How to Check the Results
What after CA Foundation Result 2022?
Within two weeks of the ICAI CA Foundation result being announced, the institute will begin the marks-verification procedure for the exams held in December 2022. Candidates can apply for a mark verification by following the instructions below.
- Candidates should include a payment request and a handwritten request that is signed by them.
- The procedure of verifying ICAI CA marks may take up to six to eight weeks.
- Authorities will return the money paid for the verification if the candidate’s marks alter in any way.
- Final results of the applicants for verification will be made available on the ICAI’s official website.
Procedure to Apply for Marks Verification for CA Foundation 2022
CA Foundation candidates must send their physical applications and the required money of Rs. 100 to the following address by fast post or registered mail in order to have their CA marks verified:
The Joint Secretary (Exams)
The Institute of Chartered Accountants of India
ICAI Bhawan
Indraprastha Marg
New Delhi 110 002
What next after passing CA Foundation?
You must sign up for the CA Intermediate course after passing CA Foundation. Become familiar with the CA Intermediate Syllabus. Choose the subjects for which you will prepare yourself now, and sign up for tutoring for the other papers. Start your preparation after that with the aid of study materials and, if necessary, suggested books. Solve questions from prior attempts and compare your findings to the ICAI’s proposed solutions. To increase your confidence, practise sums and theoretical questions using RTP and MTP. Regulatory updates and revisions pertinent to each exam are published by CA Institute. For the most latest ICAI announcements and updates on corporate law, GST law, and income tax law, you can also subscribe to our YouTube channel.
Because of inadequate knowledge and instruction, many students do poorly on the CA Inter exams. One of the most crucial things you should always keep in mind is that only CA Institute itself can offer you any trustworthy resources. Therefore, you ought to visit the official ICAI website, icai.org, at least once per week. If you pass the CA Foundation test in December 2022, you must register by March 1, 2023 (tentative), in order to be able to submit your application for the CA Inter exam, which will be administered in November 2023 due to the eight-month preparation period before the CA Intermediate exams.
CA Foundation Result 2022 – Know the Dates, How to Check Results
The CA Foundation result Dec 2022 is expected to be declared on 3rd/4th February, 2023, at 10 AM. The official announcement for the CA Foundation 2023 result date will be released soon by ICAI. To check the result, go to the ICAI exam website – icai.org and enter your registration and roll number.
How to Check the CA Foundation Result Dec 2022?
Follow the step-by-step process to check the CA Foundation Result Dec 2022 online.
- Go to the ICAI exam website, and click on “Results”.
- Under the “Check Results” section, tap on “Foundation: Dec 2022”.
- Then, enter your Roll number with a PIN or the registration number.
- Now a new window will appear with your CA Foundation result. Take a printout of the result for future reference.
ICAI websites to check the results are – icaiexam.icai.org, caresults.icai.org, and icai.nic.in.
The details mentioned in the CA Foundation result mark sheet are:
- Student’s name,
- Paper-wise minimum and maximum marks,
- Total marks, and
- Result Status of the student.
CA Foundation Passing Marks
As per the CA Foundation exam pattern, students who scored a minimum of 40% marks in each subject and 50% aggregate in all four subjects within a single attempt will qualify for the exams.
Pass with Distinction- Students scoring more than 70% marks receive their result card with the Pass with Distinction mentioned.
Vsmart Academy provides the best coaching to the CA Foundation students. In the June 2022 results, our 220 students cleared the exams and 7 students got 300+ marks. If you also want to get the best result, then join our CA Foundation Coaching now.
CA Foundation Pass Percentage Dec 2022
The pass percentage is the percentage of candidates who cleared the CA Foundation exams. The ICAI will soon release the CA Foundation Pass Percentage of Dec 2022 result. Till then, students can review the passing percentage for the June 2022 result.
Gender | Appeared | Passed | Pass % |
Male | 51111 | 13043 | 25.52 |
Female | 42618 | 10650 | 24.99 |
Total | 93729 | 23693 | 25.28 |
Students who have cleared the CA Foundation exams must check the CA New course recently introduced by the ICAI. The institute has made several changes at all levels of the CA course. Check the detailed analysis of the CA new scheme here.
What to Do After CA Foundation Result Dec 2022?
Students who have cleared the CA Foundation Dec 2022 exams can register for the CA Intermediate Nov 2023 attempt. The CA Intermediate registrations for the Nov 2023 attempt are open till March 1, 2023.
However, students who couldn’t clear the Foundation exams must apply for the next attempt i.e., May 2023. They can submit the CA Foundation exam form for the May 2023 attempt from Feb 3 to Feb 24, 2023.
ICAI New Scheme for 2023 Exams
After ICAI proposed the ICAI New Scheme for 2023 exams, many changes have been made in Education and Training of the CA Course. There are a total of three levels in the CA Course and these levels include CA Foundation course, CA Inter course and CA Final course. A few sections have been removed, few have been merged and few new changes have been introduced in the ICAI New Scheme for 2023 exams.
Scroll further to have a detailed understanding of the new scheme proposed by ICAI for 2023 exams in the CA Syllabus.
Details of ICAI CA New Scheme
Changes made in the ICAI new exam pattern are mentioned below. Students are advised to go through all the changes carefully and be aware of the requirements before starting their preparations.
- 2 Subjects have been removed from the CA Foundation level.
- CA Intermediate level now has 6 papers, divided into two groups.
- CA Final level has 6 papers, again divided into two groups.
- Articleship period has been reduced to 2 years, from 3 years.
ICAI CA Foundation New Syllabus and Old Syllabus- Difference
Highlights | Proposed Changes by ICAI | Old CA Foundation Syllabus |
Eligibility | Compulsory for students to have passed the 10th board | No exact number of attempts restricting the CA Foundation course. |
Validity | 4 years Validity | Previously, there was no exact limitation to the CA Foundation registration validity. |
Registration | No cut-off dates for CA Foundation registration. | Cut off dates like January 1 or July 1 for CA Foundation Level |
CA Foundation New Syllabus 2023
The changes that have been proposed in the ICAI new scheme of education and training, are mentioned below:
- The new scheme has reduced 6 subjects and 4 papers to 4 subjects and 4 papers. These subjects have been removed.
- Business Correspondence & Reporting
- Business & Commercial Knowledge
- A negative marking of .25 for every wrong answer. Previously there was no such negative marking.
- Now, the students have to score at least 50% to pass the Foundation level.
Vsmart Academy, has got your back if you are an individual aspiring to start CA Foundation exam preparations.
ICAI New Scheme 2023- CA Intermediate Level
CA Intermediate New Course Scheme | CA Intermediate Old Course Scheme |
No changes in the Eligibility criteria | Students who have passed CA Foundation and 12th board are eligible to appear in this level |
CA Inter registration validity- 5 years
(Charges on re-validation) Re-validation allowed just once |
Validity of Registration- 4 years |
Direct Entry Route – Mandatory 8 months study period | 8 months study period for Foundation Route
Compulsory practical training of 9 months for Direct Entry Route |
CA Intermediate Exam New Syllabus 2023
Key highlights of the ICAI CA Inter New Syllabus:
- 2 subjects have been removed from the CA Inter new syllabus.
- Paper 1 and 5 are now merged into “Advanced Accounting”.
- “Enterprise Information Systems” is removed.
- “Economics for Finance” is no longer included in paper 8.
- Remaining part is included in paper 6, in the name of “Financial Management and Strategic Management”.
- Paper 2 of CA intermediate will be only about the “Companies Act”.
- In the ICAI new scheme 2023, there will be 2 groups of three papers in the CA Intermediate Syllabus.
- Business Law is now a part of the CA Foundation Level syllabus.
ICAI New Scheme Exemptions and Passing Criteria (CA Intermediate Level)
CA Intermediate exemptions and passing criteria are mentioned below.
30% MCQ questions for all the papers of CA Intermediate exam.
- ICAI will be entertaining the exempted papers of CA Intermediate as permanently passed, after the new scheme. But students have to clear the rest of the papers with 50% marks individually.
- Negative marking of .25.
- If a student scores 60% in one or more papers in a single attempt, exemption of papers for immediate next three attempts is allowed in the intermediate level of CA.
- Students can surrender the exempted papers only after three attempts.
CA Articleship Changes in the new Scheme of ICAI, 2023
- The CA Articleship duration has reduced to 2 years, from 3 years.
- Students must have at least 1 year of experience in a CA firm.
Changes in the CA Final Course in the New Scheme of ICAI
- Students have to clear the four sets of self paced modules to sit for the CA Final exam. These sets are divided as SET A, SET B, SET C and SET D. All these sets include the following subjects:
- Economic Laws(Compulsory set)
- Strategic Cost Management and performance evaluation(Compulsory set)
- Specialization Elective
- Incorporating multidisciplinary approach envisaged in NEP,2020
- Now, take a look at the key highlights of CA Final Syllabus changes proposed by ICAI:
Categories CA Final Level ICAI New Scheme CA Final Level Old Scheme Eligibility for Admission Same as the previous course structure of CA Final level. Students who have passed both groups of CA Inter exam and completed integrated course on information technology and soft skills Registration Validity 10 year validity (Re-validation permitted but with prescribed fee) No particular restrictions Eligibility for Exam - Completed advanced ICITISS course
- Completed six months after the practical training
- Qualified the four self paced online modules
Completed advanced ICITISS course and 2.5 years of practical training - According to the CA Final new scheme, students have to score more than 50% in each module.
- Both the compulsory papers have been deleted from CA Final old course.
- In the remaining sets, students can choose their respective topics and then take their preparations forward.
- CA Final papers have been reduced from 6 papers from 6 papers, in the CA Final syllabus.
- Subjects in paper 4 and 5 will be removed and added in self paced modules as compulsory sets.
- Elective subjects like “Risk Management” and “Financial services” are now included in the Set C of self paced modules.
In the new CA Final exam pattern, papers will have 30% MCQ based questions and there will be negative marking on every wrong answer. There was no negative marking in the previous scheme of CA but the newly proposed scheme has got negative marking which might be bad news for Aspirants. Students should not be intimidated by the results, as no matter what changes are proposed, if you are well prepared then nothing can stop you from achieving success.
CA Inter May 2023 Exam Date
As the ICAI is the conducting body for all the exams of CA, the official dates for CA Inter May 2023 exam dates are to be declared on their official website. Given below are the credentials related to the CA Inter May 2023 Exam. This Blog includes everything according to ICAI’s last year schedule of the CA Inter Exam. You will get an idea of the CA Inter study plan for may 2023, CA Inter syllabus for may 2023,dates of CA Inter admit card,CA Inter May 2023 registration date and the CA Inter exam time table.
Time Table for CA Inter May 2023
According to exam dates of 2022, the exam dates are supposed to be announced between May 2-17, 2023. Listed below are the estimated CA Intermediate exam dates for May 2023.
PAPERS | CA Inter May 2023 Subjects | CA Inter Exam Dates 2023(Tentative dates) |
GROUP 1 | Accounting | May 2, 2023 |
PAPER 1 | ||
PAPER 2 | Corporate Laws and Other Laws | May 4, 2023 |
PAPER 3 | Cost Accounting and Financial Management | May 6, 2023 |
PAPER 4 | Taxation | May 8, 2023 |
GROUP 2 | ||
PAPER 5 | Advanced Accounting | May 10, 2023 |
PAPER 6 | Auditing and Assurance | May 12, 2023 |
PAPER 7 | Information Technology and Strategic Management | May 15, 2023 |
PAPER 8 | Financial Management and Economics for Finance | May 17, 2023 |
Check out complete ICAI CA syllabus and subjects for CA Foundation, Inter and Final Exams for the year 2023.
Timings for CA Inter May 2023
The students should have an idea about the exam duration so that they can start practicing the last year’s question papers and try to solve them in that particular time limit. Have a look at the exam duration and timing according to last year’s CA Inter May time table by ICAI.
CA Intermediate exam duration: 3 Hours
CA Intermediate exam timing: 2PM- 5PM
ICAI CA Inter Registration May 2023
It is very important that the aspiring students going to sit for the CA Iter Exam 2023 be aware of the registration dates as well as the last dates. Last date for the CA Intermediate 2023 exam, according to last year’s schedule, should be around September 2023.Hence the registration for May 2023 exam is already gone.
The last date to register for the November 2023 exam is March 1, 2023. Students should positively fill out the registration forms before the last date.
CA Inter Registration Fees for May 2023
Given below is the CA Intermediate exam form fees/ CA Inter Registration fees details for both Indian students and Foreign students.
GROUPS | Indian Students | Foreign Students |
CA Inter both Groups | ₹2,700 | $500 |
CA Inter One Group | ₹1,500 | $325 |
CA Inter Admit Card for May 2023
ICAI issues the CA Intermediate Admit card 14 days prior to the exams. It is mandatory for the students to carry the hard copy of this admit card to the exam hall. The information mentioned in the admit card includes credentials like:
- Candidates name
- Centre name
- Candidate’s roll number
- Centre’s address
- Guardian’s name
- Candidate’s signature
- Invigilator’s signature
This information is very necessary for candidates to appear in the exam and thus students have to download it from the ICAI portal. Students can keep a track of the ICAI website and remember to get the hardcopy of CA Inter Admit Card positively.
CA Inter Nov 2022 Results
Students get the CA Intermediate results only after two months of giving the last exam. Hence, the CA Intermediate results of Nov 2022 are mostly going to be released in the first half of January 2023.
Now that you are well acquainted with the CA Inter exam dates and other important dates related to it, it is time to start the preparations with the best CA inter study material for May 2023. Vsmart has got your back in these grounds. Get going on your preparation journey right away and visit the website for further details.
The CA Inter May 2023 exam might start from May 2, 4, 6, 8, 10, 12, 15 and 17, 2022 (tentative).
ICAI is to release the CA Inter exam dates, Students are supposed to visit the official website for further information.
Fees for Indian students-₹2,700 and fees for Foreign students- $500.
The last date to register for the CA Intermediate May 2023 exams was Sept 1, 2022.
Complete ICAI CA Syllabus and Subjects for Foundation, Inter and Final Exams for the year 2023
Candidates preparing for the highly competitive CA examinations should be well aware of the CA syllabus beforehand. The Institute of Chartered Accountants of India (ICAI) conducts the CA exams every year. The university grants commission(UGC), which is a statutory body by the Government of India has declared the CA course as similar to that of a postgraduate degree.
Here is a detailed CA syllabus by Vsmart Academy for the aspirants so that they can have an adequate knowledge of subjects in the CA syllabus, before the commencement of classes.
CA Course Highlights:
Course Name | Chartered Accountant |
Course structure |
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Course type | Certificate course |
Course duration | 5 years |
Total number of Papers |
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Minimum Eligibility criteria to apply for CA examinations:
- It is mandatory for all candidates to have passed the 10th and 10+2 from any recognised board.
- Candidates in commerce field must have at least 55% and in case of belonging to any other stream, a minimum of 60% is required.
- There is no age limit as such to appear for the CA exams.
CA Foundation Subjects:
CA foundation is the stepping stone for an aspiring chartered accountant. The candidate must know of the horizon he/she is stepping towards.
CA Foundation subjects for the exams include:
Subjects | Total Marks |
Principles and practices of accounting | 100 |
Business Law & Business Correspondence and Reporting
|
100 |
Business Mathematics and Logical Reasoning & Statistics
|
100 |
Business Economics & Business and Commercial Knowledge | 100 |
CA Foundation Syllabus 2023:
A candidate must secure 40% in order to pass the CA foundation exams. The Paper 1 ( principles and practices of accounting) includes these below mentioned subjects:
1.Theoretical Framework
2.Accounting Process
3.Preparation of Trial Balance
4.Rectification of Errors etc,
5.Bank Reconciliation Statements
6.Inventories
7.Concepts and Accounting for Depreciation
8.Accounting for Special Transactions
9.Final Accounts of Sole Proprietors
10.Partnership Accounts
11.Financial Statements of Not-For Profit Organizations.
12.Introduction to the Company Accounts
13.Basic Accounting Ratios.
Paper 2 (business law & business correspondence and reporting)
This paper is divided into two parts, carrying 60 marks and 40 marks respectively.
PART 1 | Communication |
PART 2 |
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PART 3 |
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PART 4 | Developing writing skills:
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Paper 3 – Business Mathematics and Logical Reasoning and Statistics:
The third paper mainly tests the logical intelligence of every candidate. It has again been divided into three parts:
Section A | Section B | Section C |
Ratio and Proportion, Indices and Logarithms | Number series, Coding and Decoding and odd man out. | Statistical description of Data |
Equations and Matrices | Direction Tests | Measures of Central tendency and Dispersion |
Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. | Seating Arrangements | Probability |
Time value of Money | Blood Relations | Theoretical Distributions |
Permutations and Combinations | Syllogism | Correlation and Regression |
Sequence and Series | Index Numbers and Time Series | |
Sets, Relations, and Functions | ||
Basic applications of Differential and Integral calculus |
Paper 4 – Business Economics & Business and Commercial Knowledge
The paper 4 has again been divided into two parts, namely section A and Section B:
Section A | Section B |
Introduction to Business Economics | Business and Commercial Knowledge – An Introduction |
Theory of Demand and Supply | Business Environment |
Theory of Production and Cost | Business Organizations |
Price Determination in Different Markets | Government Policies for Business Growth |
Business Cycles | Organizations Facilitating Business |
Common Business Terminologies |
The CA Intermediate Subjects:
The CA Intermediate exam is the second level to crack the CA exams. It carries 8 subjects and is divided into two groups with each containing four subjects. In order to reach the final level, it is necessary for the aspirants to clear the intermediate level. The candidate is provided with a duration of 8 months to complete these subjects. The CA Inter subjects are:
PAPERS | SUBJECTS | TOTAL MARKS |
PAPER 1 | Accounting | 100 marks |
PAPER 2 | Corporate laws and other laws | 100 marks |
PAPER 3 | Cost and management accounting | 100 marks |
PAPER 4 | taxation | 100 marks |
PAPER 5 | Advanced accounting | 100 marks |
PAPER 6 | Auditing and assurance | 100 marks |
PAPER 7 | Enterprise information system and strategic management | 100 marks |
PAPER 8 | Financial management and economics for finance | 100 marks |
The CA Intermediate Syllabus:
After getting the overview about the CA Inter Subjects it’s time to get a detailed knowledge regarding the syllabus. Here is a detailed CA syllabus for better understanding of CA Inter subjects :
Paper 1 – Accounting:
SL. NO | TOPIC |
1. | Process of formulation of Accounting Standards including Ind ASs (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. | Application of Accounting Standards |
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. |
Paper 2 – Corporate and Other Laws :
SECTION A | SECTION B |
Preliminary | The Indian Contract Act, 1872 |
Incorporation of Company and Matters Incidental thereto | The Negotiable Instruments Act, 1881 |
Prospectus and Allotment of Securities | The General Clauses Act, 1897 |
Share Capital and Debentures | Interpretation of Statutes. |
Acceptance of Deposits by companies | |
Registration of Charges | |
Management and Administration | |
Declaration and Payment of Dividend | |
Accounts of Companies | |
Audit and Auditors |
Paper 3- Cost and management accounting :
SL. NO. | TOPICS |
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:
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3. | Methods of Costing :
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4. | Cost Control and Analysis:
|
Paper 4- Taxation
SECTION A | SECTION B |
Basic concepts | Concept of indirect taxes |
Residential status and scope of total income | Concept and features of indirect taxes |
Income which do not form part of the total income | Principal indirect taxes |
Heads of Income and computation of Income | Goods and Services Tax (GST) Laws |
Income of other person’s included in assessee’s total income | GST Laws: An introduction including Constitutional aspects |
Aggregation of Income, Set off or Carry forward and set off of losses. | Levy and collection of CGST and IGST |
Deduction from the Gross Total Income | Application of CGST / IGST law |
Deduction from the Gross Total Income | Concept of supply including composite and mixed supplies |
Advance Tax, Tax deduction at source and Introduction to Tax Collection at Source | Charge of tax |
Provisions for filing return of Income and Self Assessment | Exemption from tax |
Composition levy
|
This paper also includes:
- The Basic concepts of time and value of supply:
- Input tax credit
- Computation of GST liability
- Registration
- Tax invoice; Credit and Debit Notes; Electronic way bill
- Returns
Paper 5- Advanced accounting:
SL.NO. | TOPICS |
1. | Application of Accounting Standards. |
2. | Application of Guidance Notes issued by the ICAI on specific accounting aspects. |
3. | Special aspects of Company Accounts. |
4. | Reorganization of Companies. |
5. | Financial Reporting of Banking, Financial Services and Insurance |
6. | Valuation of Goodwill. |
7. | Consolidated Financial Statements. |
Paper 6 – Auditing and Assurance:
SL.NO. | TOPICS |
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 an Auditor in this regard. |
6. | Audit in an Automated Environment. |
7. | Audit Sampling. |
8. | Analytical Procedures. |
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 | SECTION B |
Automated Business Processes | Introduction to Strategic Management. |
Financial and Accounting Systems. | Strategic Management Process |
Information Systems and its Components. | Dynamics of Competitive Strategy. |
E-Commerce, M-Commerce and Emerging Technologies. | Strategic Management Process. |
Core Banking Systems. | Corporate level strategies. |
Organization and Strategic Leadership | |
Strategy Implementation and Control. |
Paper 8 – Financial Management and Economics for Finance
SECTION A | SECTION B |
Financial Management and Financial Analysis:
|
Determination of National Income |
Financing Decisions:
|
Public Finance |
Capital Investment and Dividend Decisions:
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The Money Market |
Management of Working Capital | The International trade |
The whole CA intermediate exam has a total of 800 marks. When compared to the CA foundation exams, the intermediate level is one scale higher in the difficulty range.
CA FINAL Subjects:
Students can appear for the final CA exams only after completing 2.5 years of articleship in the final level. The exams are conducted twice a year. CA final syllabus is divided into two groups, comprising eight papers each. The CA Final Subjects are as follows
Total number of Papers | CA Final Subjects | Total Marks |
Paper 1 | Financial Reporting | 100 |
Paper 2 | Strategic Financial Management | 100 |
Paper 3 | Advanced Auditing and Professional Ethics | 100 |
Paper 4 | Corporate Laws and other Economic Laws | 100 |
Paper 5 | Strategic Cost Management and Performance Evaluation | 100 |
Paper 6 | Elective Paper | 100 |
Paper 7 | Direct Tax Laws | 100 |
Paper 8 | Indirect Tax Laws | 100 |
CA Final Syllabus:
PAPER 1 | PAPER 2 |
Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects. | Financial Policy and Corporate Strategy. |
Framework for the preparation and presentation of Financial Statements | Indian Financial System. |
Application of Indian Accounting Standards (IND AS). | Risk Management. |
Consolidated and Separate Financial Statements (as per IND AS) | Security Analysis. |
Application of Industry-specific and Transaction-specific Indian Accounting Standards. | Security Valuation |
Business Combinations and Accounting for Corporate Restructuring/ Demerger | Portfolio Management. |
Accounting and Reporting of Financial Instruments (As per IND AS). | Securitization |
Accounting for Share-Based Payments | Mutual Funds |
Analysis of Financial Statements. | Derivatives Analysis and Valuation |
Accounting for Carbon Credits | Foreign Exchange Exposure and Risk Management. |
Accounting for E-Commerce | International Financial Management |
Emerging trends in Reporting. | Interest Rate Risk Management |
Corporate Valuation | |
Mergers, Acquisition and Corporate Restructuring. | |
International Financial Center (IFC). | |
Startup Finance | |
Small and Medium Enterprises |
Paper 3: Advanced Auditing and Professional Ethics:
SL.NO. | TOPICS |
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 and Certificates for Special Purpose Engagements. |
8. | Audit Committee and Corporate Governance. |
9. | Audit of Consolidated Financial Statements. |
10. | Special Features of audit of Banks, Insurance and Non Banking Financial Companies. |
11. | Audit under Fiscal Laws. |
12. | Special Audit Assignments. |
13. | Audit of Public Sector Undertakings. |
14. | Liabilities of Auditors. |
15. | Internal Audit, Management and Operational Audit. |
16. | Due Diligence, Investigation and Forensic Audit. |
17. | Peer Review and Quality Review. |
18. | Professional Ethics. |
Paper 4: Corporate and Economic Laws
SECTION – A
This paper aims at testing the candidate’s ability to apply laws in practical situations.
- Includes Appointment and Qualification of Directors.
- Appointment and Remuneration of Managerial Personnel.
- Meetings of Board and its Powers.
- Inspection, Inquiry and Investigation.
- Compromises, Amalgamations and Arrangements.
- Prevention of Oppression and Mismanagement.
- Winding Up.
- Producer Companies.
- Companies incorporated outside India.
- Miscellaneous Provisions.
- Compounding of Offenses, Adjudication and Special Courts.
- National Company Law Tribunal and Appellate Tribunal.
SECTION – B :
1.The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
2.The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.
PART – 2 ECONOMIC LAWS
Concerned topics:
- The Foreign Exchange Management Act, 1999.
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
- The Prevention of Money Laundering Act, 2002.
- Foreign Contribution Regulation Act, 2010.
- The Arbitration and Conciliation Act, 1996.
- The Insolvency and Bankruptcy Code, 2016.
Paper 5: Strategic Cost Management and Performance Evaluation
- Strategic Cost Management and Decision Making.
1.Strategic Cost Management
2.Strategic Decision Making
- Performance Evaluation and Control.
Performance Evaluation and Reporting. - Managerial Control.
- Case Studies (Covering course Concepts)
PART – 1 STRATEGIC COST MANAGEMENT AND DECISION MAKING
SECTION – A Introduction to Strategic Cost Management.
- Modern Business Environment.
- Learn System and Innovation.
- Cost Management Techniques.
- Cost Management for Specific Sectors.
SECTION – B
- Decision Making
- Pricing Strategies / Decisions
PART – 2
SECTION – A
- Performance Measurement and Evaluation
- Divisional Transfer Pricing
- Strategic Analysis of Operating Income.
SECTION – B
- Budgetary Control
- Standard Costing
SECTION – C
This section covers basic course concepts.
Paper 6: Elective Paper
Candidates are welcome to select any desired elective in this paper.
- 6A Risk Management,
- 6B Financial Services, and Capital Markets,
- 6C International Taxation,
- 6D Economic Laws,
- 6E Global Financial Reporting Standards,
- 6F Multi-disciplinary Case Study
PAPER – 6A RISK MANAGEMENT
Businesses face a lot of risks in their long run. This particular section helps the candidates to learn various techniques to handle such risky situations or avoid them altogether. The covered topics in this paper are:
- Introduction to Risk
- Source and Evaluation of Risks.
- Risk Management.
- Quantitative Analysis
- Risk Model
- Credit Risk Measurement and Management.
- Risk Associated with Corporate Governance.
- Enterprise Risk Management.
- Operational Risk Management.
PAPER – 6B:
- Global Financial Markets
- Impact of Various policies of Financial Markets
- Capital Market – Primary
- Capital Market – Secondary
- Money Market
- Institutions and Intermediaries
- Commodity Market
- A. Banking Management
- Banking as a source of capital including NBFCs
- Mutual Funds
- Private Equity
- Investment Banking
- Credit Rating
- Treasury Operations
- Risk Management
- Credit Derivatives
- SEBI Guidelines
Topics covered in SFM and law:
- Securitization
- Fixed Income Securities (Valuation of Bonds/ Debentures)
- Derivatives
- Interest Rate Risk
- The Securities and Exchange Board of India Act, 1992
- Legislative framework on listing agreements
- The Securities Contract (Regulation) Act, 1956
- Chapter III-D of the RBI Act, 1934
PAPER – 6C INTERNATIONAL TAXATION:
Two divide sections:
- Taxation of International Transactions and Non- Resident Taxation in India
- Other aspects of International Taxation
SECTION – A :
Transfer Pricing Provisions under the INCOME TAX Act, 1961.
- Arm’s Length Price
- International Transactions
Most Appropriate Method
- Functions, Assets and Risk Analysis
- Documentation & Compliances
- Specific Reporting Regime in respect of Country by Country reporting and master file
Advance Pricing Agreements
- Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
- Non-resident Taxation (including Source Rule of Taxation)
- Double Taxation Relief
Advance Rulings:
- Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.
SECTION – B
Covered topics:
Overview of Model Tax Conventions.
- OECD Model Tax Convention
- UN Model Tax Convention
US Model Tax Convention
- Tax treaties, Application, and Interpretation
- Features of Tax treaties
- Overview of Tax Information Exchange Agreements
Commentaries and their importance:
- Role of Vienna Convention in application and interpretation of tax treaties
- Anti Avoidance Measures
- Controlled Foreign Corporations
- Base Erosion and Profit Shifting
Other Anti Avoidance Measures:
- Taxation of E-Commerce Transactions
- Introduction
- Emerging issues
- Equalization levy:
PAPER – 6D :
World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
- Competition Act, 2002 and Rules/ Regulations
- Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
- Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
- Prevention of Money Laundering Act, 2002 and Rules/ Regulations
- Foreign Exchange Management Act, 1999 and Rules/ Regulations
- Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations
PAPER – 6E Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
- Application of International Financial Reporting Standards – 70 Marks
- Significant differences between IFRS and US GAAPs – 20 Marks
PAPER – 6F
- Financial Accounting and Reporting
- Audit and Assurance
- Taxation
- Finance and Financial Management
- Management Accounting
- Corporate Laws
- Business Strategy and Management
Paper 7: Direct Tax Laws & International Taxation:
SECTION – A:
- Special provisions relating to companies and certain persons other than a company
- Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
- Tax Planning, Tax Avoidance & Tax Evasion
- Collection & Recovery of Tax, Refunds
- Income-tax Authorities, Procedure for assessment, Appeals and Revision
- Settlement of Tax Cases, Penalties, Offenses & Prosecution
- Liability in Special Cases
- Miscellaneous Provisions and Other Provisions
SECTION – B
- The provisions under the Income-tax Act, 1961, including
- Specific provisions relating to Non-residents
- Double Taxation Relief
- Transfer Pricing & Other Anti-Avoidance Measures
- Advance Rulings
- Equalization levy
- Overview of Model Tax Conventions – OECD & UN
- Application and interpretation of Tax Treaties
- Fundamentals of Base Erosion and Profit Shifting
Paper 8: Indirect Tax Laws:
- 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
- Constitutional aspects
- Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy
Place of supply
- Time and Value of supply
- Input tax credit
- Computation of GST liability
vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work
- Provisions relating to electronic commerce:
- Liability to pay in certain cases
- Administration of GST; Assessment and Audit
- Inspection, Search, Seizure and Arrest
- Demand and Recovery
- Offenses and Penalties
- Advance Ruling
- Appeals and Revision
- Other provisions
Section B:
- Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
- Introduction to customs law including Constitutional aspects
- Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable
the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty
- Types of customs duties:
- Classification and valuation of imported and export goods
- Officers of Customs; Appointment of customs ports, airports etc.
- Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
- Provisions relating to coastal goods and vessels carrying coastal goods
- Warehousing
- Drawback
- Demand and Recovery; Refund
- Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
- Searches, seizure and arrest; Offenses; Penalties; Confiscation and Prosecution
- Appeals and Revision; Advance Rulings; Settlement Commission
- Other provisions
- Foreign Trade Policy to the extent relevant to the indirect tax laws
- Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP.
FTP and other related provisions:
- Basic concepts relating to import and export of goods
- Basic concepts relating to export promotion schemes provided under FTP
CONCLUSION:
When it comes to cracking all the three levels of CA, it has been marked and noted that a lot of students give up mid way. Chartered accountants are well paid and this is an extremely prestigious course. If given proper guidance along with hard work, sky’s the limit and anyone can break through this rigid exam. So, never give up and hang in there until you achieve success!
levels: Foundation , intermediate and Final level
CA Foundation syllabus includes Principles and Practice of Accounting, Business Laws & Correspondence and Reporting, Mathematics, Logical Reasoning and Statistics and Business Economics and Commercial Knowledge.
The CA syllabus for the ICAI Intermediate level consists of Accounting, Business Laws, Ethics and Communication, Cost Accounting and Financial Management, Taxation, Advanced Accounting, Auditing and Assurance, Information Technology and Strategic Management and Financial Management, and Economics for Finance.
The ICAI CA syllabus for the Final level consists of Financial Reporting, Strategic Financial Management, Advanced Auditing, and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, Multidisciplinary Case Study, Direct Tax Laws, and International Taxation and Indirect Tax Laws.
The CA syllabus is vast and contains many complex topics but it is not entirely impossible to crack the CA Foundation exam in 1st attempt.
The changes proposed by the ICAI in the CA Intermediate subjects are: Paper 1 and 5 are merged into one, and one paper is – Advanced Accounting. Enterprise Information Systems is removed from paper 7, and Economics for Finance is removed from paper 8.
6 Useful Tips to Prepare for CA Intermediate Examination
If you have crossed the first level of CA Exams then it is high time to begin the CA Intermediate preparation. All the levels for CA Intermediate exams are equally difficult but not really impossible to qualify. Appropriate preparation with proper guidance can help you reach any height of success that you aspire to. With the CA Intermediate exams around the corner, here is a blog for students who are having difficulty in managing their schedule properly.
Follow these tips by Vsmart Academy to prepare for CA Intermediate exams this year and let go of all extra load on your shoulders.
- Create a Study Plan
Students tend to study a particular topic or stick to the theoretical part of the CA Intermediate syllabus often and that is quite evident from various research reports, but a wise decision would be to focus on everything equally. Paying attention to any particular topic might affect the whole preparation of the concerned student. During the CA exam preparations or any exam for that matter, it is important to maintain a balance between all the subjects and divide time effectively.
Students preparing for CA Intermediate Group 1:
- Devote 8-10 hours per day to the CA Intermediate time table.
- Give 2 hours every day to Accounting at convenient timing.
- Make sure to give a total of 3 hours to the Law paper. Better if you divide the timing into two halves.
- 2 hours of preparation time to be given to the Costing paper.
- Taxation paper is to be given time first thing in the morning everyday.
Students preparing for CA Intermediate Group 2:
- Study for 8-10 hours per day for the CA Intermediate Exam.
- 2 hours for Advanced accounting paper.
- 3 hours for Auditing.
- EIS SM- 2 hours
- FM-ECO and Taxation- Look over every morning.
- Timely Revision:
Do not undermine the power of revisions! Make sure you are done with your syllabus prior to the announcement of CA Intermediate exam dates. It is only after you are done with your syllabus that you can attempt to start revisions.
Make sure to revise at least thrice before the exams. The more the better. Students tend to get over confident after just revising once but it is very important that they keep revising in order to rectify their mistakes and be sure that their CA Intermediate exam preparation is uptodate.
Do not undermine the power of revisions! Make sure you are done with your syllabus prior to the announcement of CA Intermediate exam dates. It is only after you are done with your syllabus that you can attempt to start revisions.
Make sure to revise at least thrice before the exams. The more the better. Students tend to get over confident after just revising once but it is very important that they keep revising in order to rectify their mistakes and be sure that their CA Intermediate exam preparation is up to date.
Do not undermine the power of revisions! Make sure you are done with your syllabus prior to the announcement of CA Intermediate exam dates. It is only after you are done with your syllabus that you can attempt to start revisions.
Make sure to revise at least thrice before the exams. The more the better. Students tend to get overconfident after just revising once, but it is very important that they keep revising in order to rectify their mistakes and be sure that their CA Intermediate exam preparation is up-to-date.
- Understand. Do not Mug up!
The CA Intermediate Exams are divided into theory and practical papers. As known, practical papers are not there in any syllabus for the students to just memorize and jot down the information on papers. If any course is introducing practical subjects then their sole aim is to provide practical knowledge along with better understanding of the information to apply in real life situations.
It is advised to the students to understand basic concepts of every topic and not just mug up everything. Mugging might help you to get good grades but would not be helpful when you have to apply that knowledge in some real life situation or while working for big companies.
- Solving Mock Test Papers:
Mock Test Papers have proved to boost confidence in all kinds of exams and not just CA Intermediate Exams. Going through or solving the same type of questions over and over makes the students sure of their preparation.
A student would not be intimidated by new questions if he/she is well aware of the CA Intermediate syllabus and question pattern. This can be possible only by solving various mock test papers and previous year questions provided by ICAI.
- Time Management:
The key to success is a two letter word and that is “Time Management”. No matter how hard working you are, if you do not finish the syllabus and start revisions on time then there is a high chance that you might end up missing out on various topics.
The CA Intermediate exams demand strategic division of time amongst various theory papers and practical papers. So, it is vital that an aspirant takes proper guidance from a teacher to effectively utilize each and every second before the exams.
- Self-study with Expert Coaching:
The CA Intermediate exams are quite competitive and it is not easy to pass them without proper coaching.
Students can get access to various platforms providing CA Inter video lectures like the CA Intermediate online classes by Vsmart Academy. Self study along with guidance from industry experts shall book your slots to success!
Make sure to not lose calm and stay motivated all throughout your CA Intermediate exam preparation. Success comes running to those who have worked hard, so be sure to give your level best!
Detailed Guide On Various Ways to get Articleship in Top 5 CA Firms.
According to the Articleship rules of ICAI, it is mandatory for every CA student to undergo three years of Articleship in a chartered accountancy firm after completing CA-IPCC.In such scenarios, it becomes quite challenging for a student to find CA firms for Articleship. This blog will provide you with every information you need regarding Articleship in CA
Top 5 firms for Articleship in CA are listed below:
- Deloitte Touche Tohmatsu Limited
- PricewaterhouseCoopers(PWC)
- Klynveld Peat Marwick Goerdeler(KPMG)
- Ernst & Young(EY)
- Grant Thornton International
How to get Articleship in top 5 CA firms
- Check the top 5 company websites in detail:
Keep track of the websites of top companies providing Articleship as they post for vacancies once in a while. These vacancies are posted not only by these big companies but also by the others who are under them.
- Check the Linkedin profiles of CA Companies:
LinkedIn is a blessing in disguise for Candidates looking for Articleship in CA companies. Being the best digital space to look for vacancies, this platform can help you connect with HR professionals and people in these big 5 CA companies. Building networks might end up as the best option to know more about these firms and gain recommendations as well.
- References and Connections:
Family members, friends, colleagues, ex-employees and others associated with these big companies can help you apply directly to these big firms that provide Articleship in CA.
It is on the company thereafter to hire you or not, but this option works almost always if you have what they want.
- Check Online Job Portals:
Keep checking Online Job portals for Articleship in CA. People tend to miss out on opportunities when they do not pay enough attention to these portals.
- ICAI BOS Articleship portal & Notice portal:
The top CA firms in India also opt for the ICAI BOS Articleship Job Portal to post their vacancies. This can be an ideal platform to apply for posts in all big 5 Companies.
The Right Time to Apply for Articleship in CA
If you are confident enough that you will clear the Intermediate/ IPCC exams then do not miss out on the pre-results placement drive conducted by these big firms. Waiting for the results to apply for these vacancies reduces your chances of getting selected by almost into half. So make sure you apply beforehand.
Selection & Applying process for Articleship in Big 5 CA firms
Here are the common steps to be followed for the selection process in CA Articleship:
- CA Articleship Online registration in different companies.
- Passing the CA Articleship Online test that tests general aptitude and knowledge of subjects.
- Passing the Group Discussion round.
- Getting past the HR Interview round.
- After the GD and HR Interview, it is the technical round taken by a CA. Make sure to answer the answers correctly and confidently in this round.
- The next round is the partner’s round in which the questions are mostly on real-life-based scenarios.
- On getting selected, the candidate receives a call from HR and if not, a mail is sent.
Eligibility requirements for Articleship in Big 5 CA Firms
The big firms give first priority to candidates who have performed well in CA Intermediate or IPCC exams, but they also consider those who have only completed one group or performed average in their exams. It is all a matter of showcasing your skills and making them trust your talent.
To have in-depth knowledge about these required skills and to sharpen them as well, join V-Smart Academy!
- A number of attempts does not matter but the candidate has to at least clear at least one group with good marks to get CA Articleship.
- Communication skills and fluency in English are quite important.
- Have an idea about every new change in the Industry. Not being able to answer industry-related questions is a big drawback.
- A Candidate ought to have completed four weeks of an Integrated course on information technology and soft skills(ICITSS).
- A graduate degree in any regular course adds more weight to the resume.
Tips to crack CA Articleship Interview:
- Carrying hard copies and extra copies of your Resume is appreciated.
- Punctuality gains a lot of positive impressions. Be on time!
- Focus on body language.
- Keep an eye out on the important pointers.
- Be sure to be updated with current affairs. Have an idea of every recent amendment even if it is introduced two days back.
- Represent professionalism and teamwork in the GD round.Cutting others while they are talking is extremely negative.
- Learn basic updates about the company who have applied for.
- Answer every question confidently but do not be overconfident. There is a fine line between both and be sure you know that.
CA Articleship stipend in Big CA Firms
As per Articleship rules ICAI has given a minimum stipend of Articleship in CA.
Below mentioned are the CA Articleship stipends for the top CA firms in India:
1st Year- 10,000
2nd Year-15,000
3rd Year-20,000
FAQs
Ques 1- which CA firm is better for Articleship?
Ans- Top CA firms in India are: Deloitte, PWC, E&Y, KPMG and Grant Thornton International
Ques 2- What is the duration of practical training(Articleship) in CA course?
Ans-3 Years
Ques 3- What is the scope of Practical training(Articleship) in CA?
Ans- Salary for a CA is quite rewarding and while doing the Articleship in CA, the candidate gets an opportunity to learn all practical aspects of the CA curriculum and receives industrial training in CA.
Apart from applying to big companies that provide Articleship in CA, candidates can also apply for ICAI campus placement.
Complete CA Syllabus and Subjects for Foundation, Inter and Final Exams For the Year 2022
Candidates preparing for the highly competitive CA examinations should be well aware of the syllabus beforehand. The institute of chartered accountants of India(ICAI) conducts the CA exams every year. The university grants commission(UGC), which is a statutory body by the Government of India has declared the CA course as similar to that of a postgraduate degree.
Here is a detailed CA syllabus by Vsmart Academy for the aspirants so that they can have an adequate knowledge of subjects in the CA syllabus, before the commencement of classes.
CA Course Highlights:
Course Name | Chartered Accountant |
Course structure |
|
Course type | Certificate course |
Course duration | 5 years |
Total number of Papers |
|
Minimum Eligibility criteria to apply for CA examinations
- It is mandatory for all candidates to have passed the 10th and 10+2 from any recognised board.
- Candidates in commerce field must have at least 55% and in case of belonging to any other stream, a minimum of 60% is required.
- There is no age limit as such to appear for the CA exams.
CA Foundation Subjects
CA foundation is the stepping stone for an aspiring chartered accountant. The candidate must know of the horizon he/she is stepping towards.
Subjects in the CA foundation exams include:
Subjects | Total Marks |
Principles and practices of accounting | 100 |
Business Law & Business Correspondence and Reporting
|
100 |
Business Mathematics and Logical Reasoning & Statistics
|
100 |
Business Economics & Business and Commercial Knowledge | 100 |
CA Foundation Syllabus
A candidate must secure 40% in order to pass the CA foundation exams.
Paper 1 ( principles and practices of accounting) includes these below-mentioned subjects:
- Theoretical Framework
- Accounting Process
- Preparation of Trial Balance
- Rectification of Errors etc,
- Bank Reconciliation Statements
- Inventories
- Concepts and Accounting for Depreciation
- Accounting for Special Transactions
- Final Accounts of Sole Proprietors
- Partnership Accounts
- Financial Statements of Not-For Profit Organizations
- Introduction to the Company Accounts
- Basic Accounting Ratios
This paper is divided into two parts, carrying 60 marks and 40 marks respectively.
PART 1 | Communication |
PART 2 |
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PART 3 |
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PART 4 | Developing writing skills:
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The third paper mainly tests the logical intelligence of every candidate. It has again been divided into three parts:
Section A | Section B | Section C |
Ratio and Proportion, Indices and Logarithms | Number series, Coding and Decoding and odd man out. | Statistical description of Data |
Equations and Matrices | Direction Tests | Measures of Central tendency and Dispersion |
Linear Inequalities with Objective Functions and Optimization w.r.t. objective function. | Seating Arrangements | Probability |
Time value of Money | Blood Relations | Theoretical Distributions |
Permutations and Combinations | Syllogism | Correlation and Regression |
Sequence and Series | Index Numbers and Time Series | |
Sets, Relations, and Functions | ||
Basic applications of Differential and Integral calculus |
The paper 4 has again been divided into two parts, namely section A and Section B:
Section A | Section B |
Introduction to Business Economics | Business and Commercial Knowledge – An Introduction |
Theory of Demand and Supply | Business Environment |
Theory of Production and Cost | Business Organizations |
Price Determination in Different Markets | Government Policies for Business Growth |
Business Cycles | Organizations Facilitating Business |
Common Business Terminologies |
The CA Intermediate Subject
The CA Intermediate exam is the second level to crack the CA exams. It carries 8 subjects and is divided into two groups with each containing four subjects. In order to reach the final level, it is necessary for the aspirants to clear the intermediate level. The candidate is provided with a duration of 8 months to complete these subjects. These subjects are:
Subjects | Total Marks |
Principles and practices of accounting | 100 |
Business Law & Business Correspondence and Reporting
|
100 |
Business Mathematics and Logical Reasoning & Statistics
|
100 |
Business Economics & Business and Commercial Knowledge | 100 |
The CA Intermediate Syllabus
After getting the overview about the CA Inter Subjects it’s time to get a detailed knowledge regarding the syllabus.
Here is a detailed syllabus for better understanding of CA Inter subjects :
SL. NO | TOPIC |
1. | Process of formulation of Accounting Standards including Ind ASs (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. | Application of Accounting Standards |
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. |
SL. NO | TOPIC |
1. | Process of formulation of Accounting Standards including Ind ASs (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. | Application of Accounting Standards |
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. |
SECTION A | SECTION B |
Preliminary | The Indian Contract Act, 1872 |
Incorporation of Company and Matters Incidental thereto | The Negotiable Instruments Act, 1881 |
Prospectus and Allotment of Securities | The General Clauses Act, 1897 |
Share Capital and Debentures | Interpretation of Statutes. |
Acceptance of Deposits by companies | |
Registration of Charges | |
Management and Administration | |
Declaration and Payment of Dividend | |
Accounts of Companies | |
Audit and Auditors
|
SL. NO. | TOPICS |
1. |
|
2. |
|
3. |
|
4. |
|
SECTION A | SECTION B |
Basic concepts | Concept of indirect taxes |
Residential status and scope of total income | Concept and features of indirect taxes |
Income which do not form part of the total income | Principal indirect taxes |
Heads of Income and computation of Income | Goods and Services Tax (GST) Laws |
Income of other person’s included in assessee’s total income | GST Laws: An introduction including Constitutional aspects |
Aggregation of Income, Set off or Carry forward and set off of losses. | Levy and collection of CGST and IGST |
Deduction from the Gross Total Income | Application of CGST / IGST law |
Deduction from the Gross Total Income | Concept of supply including composite and mixed supplies |
Advance Tax, Tax deduction at source and Introduction to Tax Collection at Source | Charge of tax |
Provisions for filing return of Income and Self Assessment | Exemption from tax |
Composition levy |
This paper also includes:
- The Basic concepts of time and value of supply:
- Input tax credit
- Computation of GST liability
- Registration
- Tax invoice; Credit and Debit Notes; Electronic way bill
- Returns
SL.NO. | TOPICS |
1. | Application of Accounting Standards. |
2. | Application of Guidance Notes issued by the ICAI on specific accounting aspects. |
3. | Special aspects of Company Accounts. |
4. | Reorganization of Companies. |
5. | Financial Reporting of Banking, Financial Services and Insurance |
6. | Valuation of Goodwill. |
7. | Consolidated Financial Statements. |
SL.NO. | TOPICS |
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 an Auditor in this regard. |
6. | Audit in an Automated Environment. |
7. | Audit Sampling. |
8. | Analytical Procedures. |
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. |
SECTION A | SECTION B |
Automated Business Processes | Introduction to Strategic Management. |
Financial and Accounting Systems. | Strategic Management Process |
Information Systems and its Components. | Dynamics of Competitive Strategy. |
E-Commerce, M-Commerce and Emerging Technologies. | Strategic Management Process. |
Core Banking Systems. | Corporate level strategies. |
Organization and Strategic Leadership | |
Strategy Implementation and Control. |
SECTION A | SECTION B |
Financial Management and Financial Analysis:
|
Determination of National Income |
Financing Decisions:
|
Public Finance |
Capital Investment and Dividend Decisions:
|
The Money Market |
Management of Working Capital | The International trade |
The whole CA intermediate exam has a total of 800 marks. When compared to the CA foundation exams, the intermediate level is one scale higher in the difficulty range.
CA FINAL Subjects
Students can appear for the final CA exams only after completing 2.5 years of article ship in the final level. The exams are conducted twice a year. CA final syllabus is divided into two groups, comprising eight papers each. The subjects are as follows:
Total number of Papers | CA Final Subjects | Total Marks |
Paper 1 | Financial Reporting | 100 |
Paper 2 | Strategic Financial Management | 100 |
Paper 3 | Advanced Auditing and Professional Ethics | 100 |
Paper 4 | Corporate Laws and other Economic Laws | 100 |
Paper 5 | Strategic Cost Management and Performance Evaluation | 100 |
Paper 6 | Elective Paper | 100 |
Paper 7 | Direct Tax Laws | 100 |
Paper 8 | Indirect Tax Laws | 100 |
CA Final Syllabus:
PAPER 1 | PAPER 2 |
Application of Guidance Notes issued by the ICAI on Specified Accounting Aspects. | Financial Policy and Corporate Strategy. |
Framework for the preparation and presentation of Financial Statements | Indian Financial System. |
Application of Indian Accounting Standards (IND AS). | Risk Management. |
Consolidated and Separate Financial Statements (as per IND AS) | Security Analysis. |
Application of Industry-specific and Transaction-specific Indian Accounting Standards. | Security Valuation |
Business Combinations and Accounting for Corporate Restructuring/ Demerger | Portfolio Management. |
Accounting and Reporting of Financial Instruments (As per IND AS). | Securitization |
Accounting for Share-Based Payments | Mutual Funds |
Analysis of Financial Statements. | Derivatives Analysis and Valuation |
Accounting for Carbon Credits | Foreign Exchange Exposure and Risk Management. |
Accounting for E-Commerce | International Financial Management |
Emerging trends in Reporting. | Interest Rate Risk Management |
Corporate Valuation | |
Mergers, Acquisition and Corporate Restructuring. | |
International Financial Center (IFC). | |
Startup Finance | |
Small and Medium Enterprises |
SL.NO. | TOPICS |
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 and Certificates for Special Purpose Engagements. |
8. | Audit Committee and Corporate Governance. |
9. | Audit of Consolidated Financial Statements. |
10. | Special Features of audit of Banks, Insurance and Non Banking Financial Companies. |
11. | Audit under Fiscal Laws. |
12. | Special Audit Assignments. |
13. | Audit of Public Sector Undertakings. |
14. | Liabilities of Auditors. |
15. | Internal Audit, Management and Operational Audit. |
16. | Due Diligence, Investigation and Forensic Audit. |
17. | Peer Review and Quality Review. |
18. | Professional Ethics. |
PART – 1 CORPORATE LAWS
SECTION – A
This paper aims at testing the candidate’s ability to apply laws in practical situations.
- Includes Appointment and Qualification of Directors.
- Appointment and Remuneration of Managerial Personnel.
- Meetings of Board and its Powers.
- Inspection, Inquiry and Investigation.
- Compromises, Amalgamations and Arrangements.
- Prevention of Oppression and Mismanagement.
- Winding Up.
- Producer Companies.
- Companies incorporated outside India.
- Miscellaneous Provisions.
- Compounding of Offenses, Adjudication and Special Courts.
- National Company Law Tribunal and Appellate Tribunal.
SECTION – B :
- The Securities Contract (Regulation) Act, 1956 and Securities Contract (Regulation) Rules, 1957. Introduction and Important Provisions.
- The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009 and SEBI(Listing Obligation and Disclosure Requirements) Regulations, 2015.
PART – 2 ECONOMIC LAWS
Concerned topics:
- The Foreign Exchange Management Act, 1999.
- The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
- The Prevention of Money Laundering Act, 2002.
- Foreign Contribution Regulation Act, 2010.
- The Arbitration and Conciliation Act, 1996.
- The Insolvency and Bankruptcy Code, 2016.
- Strategic Cost Management and Decision Making.
1. Strategic Cost Management
- Strategic Decision Making
- Performance Evaluation and Control.
- Performance Evaluation and Reporting.
- Managerial Control.
PART – 1 STRATEGIC COST MANAGEMENT AND DECISION MAKING
SECTION – A
- Introduction to Strategic Cost Management.
- Modern Business Environment.
- Learn System and Innovation.
- Cost Management Techniques.
- Cost Management for Specific Sectors.
SECTION – B
- Decision Making
- Pricing Strategies / Decisions
PART – 2
SECTION – A
- Performance Measurement and Evaluation
- Divisional Transfer Pricing
- Strategic Analysis of Operating Income.
SECTION – B
- Budgetary Control
- Standard Costing
SECTION – C
This section covers basic course concepts.
- Case Studies (Covering course Concepts)
Candidates are welcome to select any desired elective in this paper.
- 6A Risk Management,
- 6B Financial Services, and Capital Markets,
- 6C International Taxation,
- 6D Economic Laws,
- 6E Global Financial Reporting Standards,
- 6F Multi-disciplinary Case Study
PAPER – 6B:
- Global Financial Markets
- Impact of Various policies of Financial Markets
- Capital Market – Primary
- Capital Market – Secondary
- Money Market
- Institutions and Intermediaries
- Commodity Market
- A. Banking Management
- Banking as a source of capital including NBFCs
- Mutual Funds
- Private Equity
- Investment Banking
- Credit Rating
- Treasury Operations
- Risk Management
- Credit Derivatives
- SEBI Guidelines
Topics covered in SFM and law:
- Securitization
- Fixed Income Securities (Valuation of Bonds/ Debentures)
- Derivatives
- Interest Rate Risk
- The Securities and Exchange Board of India Act, 1992
- Legislative framework on listing agreements
- The Securities Contract (Regulation) Act, 1956
- Chapter III-D of the RBI Act, 1934
PAPER – 6C INTERNATIONAL TAXATION:
Two divide sections:
- Taxation of International Transactions and Non- Resident Taxation in India
- Other aspects of International Taxation
SECTION – A :
Transfer Pricing Provisions under the INCOME TAX Act, 1961.
- Arm’s Length Price
- International Transactions
Most Appropriate Method
- Functions, Assets and Risk Analysis
- Documentation & Compliances
- Specific Reporting Regime in respect of Country by Country reporting and master file
Advance Pricing Agreements
- Other Provisions relating to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
- Non-resident Taxation (including Source Rule of Taxation)
- Double Taxation Relief
Advance Rulings:
- Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.
SECTION – B
Covered topics:
Overview of Model Tax Conventions.
- OECD Model Tax Convention
- UN Model Tax Convention
US Model Tax Convention
- Tax treaties, Application, and Interpretation
- Features of Tax treaties
- Overview of Tax Information Exchange Agreements
Commentaries and their importance:
- Role of Vienna Convention in application and interpretation of tax treaties
- Anti Avoidance Measures
- Controlled Foreign Corporations
- Base Erosion and Profit Shifting
Other Anti-Avoidance Measures:
- Taxation of E-Commerce Transactions
- Introduction
- Emerging issues
- Equalization levy:
PAPER – 6D :
World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
- Competition Act, 2002 and Rules/ Regulations
- Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/ Regulations]
- Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
- Prevention of Money Laundering Act, 2002 and Rules/ Regulations
- Foreign Exchange Management Act, 1999 and Rules/ Regulations
- Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations
PAPER – 6E Conceptual Framework for Financial Reporting as per IFRS – 10 Marks
- Application of International Financial Reporting Standards – 70 Marks
- Significant differences between IFRS and US GAAPs – 20 Marks
PAPER – 6F
- Financial Accounting and Reporting
- Audit and Assurance
- Taxation
- Finance and Financial Management
- Management Accounting
- Corporate Laws
- Business Strategy and Management
SECTION – A:
- Special provisions relating to companies and certain persons other than a company
- Provisions relating to charitable and religious trusts and institutions, political parties and electoral trusts
- Tax Planning, Tax Avoidance & Tax Evasion
- Collection & Recovery of Tax, Refunds
- Income-tax Authorities, Procedure for assessment, Appeals and Revision
- Settlement of Tax Cases, Penalties, Offenses & Prosecution
- Liability in Special Cases
- Miscellaneous Provisions and Other Provisions
SECTION – B
- The provisions under the Income-tax Act, 1961, including
- Specific provisions relating to Non-residents
- Double Taxation Relief
- Transfer Pricing & Other Anti-Avoidance Measures
- Advance Rulings
- Equalization levy
- Overview of Model Tax Conventions – OECD & UN
- Application and interpretation of Tax Treaties
- Fundamentals of Base Erosion and Profit Shifting
- 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
- Constitutional aspects
- Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy
Place of supply
- Time and Value of supply
- Input tax credit
- Computation of GST liability
vii. Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work
- Provisions relating to electronic commerce:
- Liability to pay in certain cases
- Administration of GST; Assessment and Audit
- Inspection, Search, Seizure and Arrest
- Demand and Recovery
- Offenses and Penalties
- Advance Ruling
- Appeals and Revision
- Other provisions
Section B:
- Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
- Introduction to customs law including Constitutional aspects
- Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable
the event, a charge of customs duty, exceptions to levy of customs duty, exemption from custom duty
- Types of customs duties:
- Classification and valuation of imported and export goods
- Officers of Customs; Appointment of customs ports, airports etc.
- Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores
- Provisions relating to coastal goods and vessels carrying coastal goods
- Warehousing
- Drawback
- Demand and Recovery; Refund
- Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
- Searches, seizure and arrest; Offenses; Penalties; Confiscation and Prosecution
- Appeals and Revision; Advance Rulings; Settlement Commission
- Other provisions
- Foreign Trade Policy to the extent relevant to the indirect tax laws
- Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of
FTP and other related provisions:
- Basic concepts relating to import and export of goods
- Basic concepts relating to export promotion schemes provided under FTP
CONCLUSION
When it comes to cracking all the three levels of CA, it has been marked and noted that a lot of students give up mid way. Chartered accountants are well paid and this is an extremely prestigious course. If given proper guidance along with hard work, sky’s the limit and anyone can break through this rigid exam. So, never give up and hang in there until you achieve success!
Incase of more such updates, visit us at V-Smart Academy.
Best CA Classes in Pune
V-Smart is recognized to be the best CA class in Pune, known for the quality education they have provided over the years. Students recognize them as the best CA classes in Pune due to the facilities and support the students receive from the Academy.
At V-Smart, the top Faculties in the field are your mentors. They are ever ready to solve every little query you have. They are well known for their creative means of teaching and regular doubt-solving sessions.
The best element of taking admission in V-Smart is their test series. The test series are known to have helped several students across India. It boosts the confidence of students and eliminates their fear of facing the exam.
V-Smart covers all the crucial points required by a student when it comes to studying CA and clearing the exams. The results of their hard work are visible in the form of AIR rankers that pass each year. The count of AIR rankers seems to be increasing every passing year. This is one reason why V-Smart is the best CA Classes in Pune.
CA Foundation Syllabus
It is important that you know the syllabus you are to study. The below table will provide you with the information on CA Foundation Syllabus.
Paper 1 | Principles and Practices of Accounting |
Paper 2 | Mercantile Law and General English |
Paper 3 | Business Mathematics and Logical Reasoning |
Paper 4 | Business Economics and Business and Commercial Knowledge |
CA Foundation Online Classes in Pune
If you are a student who wishes to study in CA Classes in Pune, but you live too far away, then worry not. We at V-Smart, have our CA foundation Online Classes in Pune program, which will give you the best quality learning experience, similar to the one you will get attending offline classes. We also have Pendrive lectures that are bought by lakhs of students all across India.
CA Foundation Eligibility
There are certain eligibility criteria that you have to cross-check before starting with your CA Foundation journey. Following are all the necessary checkpoints that you have to tick out.
- The candidate should pass the 12th standard or equivalent examination recognized by the board.
- The candidate must have registered with ICAI for the CA foundation 4 months before appearing for the examination.
- If the candidate is a commerce graduate/ post-graduate, they should have minimum 55% marks as a result.
- If the candidate is a non-commerce graduate/ post-graduate, they should have minimum 60% marks as a result.
CA Intermediate Syllabus
It is highly important that you keep track of the CA Intermediate Syllabus before starting the batch. Having a good understanding of what all are to be studied will make your journey of learning easier.
Paper 1 | Accounting |
Paper 2 | Corporate Laws and Other Laws |
Paper 3 | Cost and Management Accounting |
Paper 4 | Taxation |
Paper 5 | Advanced Accounting |
Paper 6 | Auditing and Assurance |
Paper 7 | Enterprise Information Systems & Strategic Management |
Paper 8 | Financial Management & Economics for Finance |
CA Intermediate Online Classes in Pune
You get the best CA Classes in Pune, due to which several students are planning to appear for CA Intermediate exam keep an eye on the best coaching academies. We, V-Smart, are one of them. The benefit of us is that you get the best CA Intermediate Online classes in Pune. We understand that most of you live far away and require a convenient form of education. So with us, you can be worry-free and enjoy the high-quality CA Intermediate Classes in Pune at your convenience.
CA Intermediate Eligibility
There are certain eligibility criteria that you have to cross-check before starting with your CA Intermediate journey. Following are all the necessary checkpoints that you have to tick out.
- The candidate should pass the CA Foundation exam to register for the CA Intermediate Exam.
- Candidates can apply through the Foundation route or Direct route while appearing for CA Intermediate.
- The candidates who have cleared Common Proficiency Test (CPT) / Professional Education (Examination- I) are also eligible for CA Intermediate.
- If the candidate is a commerce graduate/ post-graduate, they should have minimum 55% marks as a result.
- If the candidate is a non-commerce graduate/ post-graduate, they should have minimum 60% marks as a result.
CA Final Syllabus
As an aspirant, you should be aware of the syllabus you have to learn to get the title of CA. The following tabular data gives you the syllabus in one go. According to the below-mentioned CA Final Syllabus, you can make your study plan.
Paper 1 | Financial Reporting |
Paper 2 | Strategic Financial Management |
Paper 3 | Advanced Auditing and Professional Ethics |
Paper 4 | Corporate and Allied Laws |
Paper 5 | Strategic Cost Management and Performance Evaluation |
Paper 6A | Risk Management |
Paper 6B | International Taxation |
Paper 6C | Economic Laws |
Paper 6D | Financial Services and Capital Markets |
Paper 6E | Global Financial Reporting Standards |
Paper 6F | Multidisciplinary Case Study |
Paper 7 | Direct Tax Laws and International Taxation |
Paper 8 | Advanced Indirect Tax Laws |
CA Final Online Classes in Pune
We understand that many students are busy with article ships and are probably far from Pune. Hence, V-Smart gives students the CA Final Online Classes. It is recommended as the best CA Final Online Classes in Pune. You can learn each topic easily at your convenience.
CA Final Eligibility
- Candidates need to clear both groups of the CA Intermediate Examination.
- The Candidate must have 40% marks in each subject of single or both groups.
- The Candidate must have 50% aggregate marks in single or both groups.
- The Candidate should complete the 4 weeks of Advanced Integrate Course on Information Technology and Soft Skills (AICITSS) consisting of courses on Advanced Information Technology and Management Communication Skills.
CA Classes in Pune
Pune is a very bustling city. Many people migrate here for good education standards and the wide range of opportunities that Pune provides. Hence, CA in Pune is a great choice for all those who wish to become a successful Chartered Accountant with high pay.
Not only is Pune the hub of great opportunities, but it is also the home to several outstanding CA coaching institutes. V-Smart ranks among the top best CA Classes in Pune. This is solely because of the educational value they put in their students that in result brings out amazing results. This year we had immense pride in congratulating our AIR 1 ranker in the Inter Exam. It was another milestone for us that we have immense pride over.
We believe that every student has the capability to reach this benchmark. Hence the entire faculty team of V-Smart focuses on each student we have. Due to this we are well known amongst the students and are preferred by them.
If you are really interested in joining the best CA coaching in Pune, check us out at V-Smart Academy. We have everything you need.
Why Choose VSmart Academy?
Though there are several reasons why we are the students’ favorite choice when it comes to CA coaching, the below points will give you an insight into the same.
Whether it be Online/ Offline/ Pendrive, We Rule!
V-Smart offers students many modes of education. We have to face batches going on through the year for students who feel learning offline is better for them. We also understand that for some students being available physically is not possible. We have live online classes that are highly interactive for students. For those who enjoy self-study at their own pace, we have our Pendrive classes that are easy to understand. So be it any mode of education, V-Smart is there with you.
Meet The Top Faculties, They Are Your Guide
V-Smart is humble adobe to the top-notch faculties of the CA industry. You will be able to interact with them and clear all your doubts. The best part will be learning what really works in the industry. The entire faculty is recognized for making the learning very practical and fun for the students to understand.
Doubt Solving Sessions
V-Smart is really active when it comes to doubt-solving sessions. The faculties keep the session highly interactive and ensure that all the students’ doubts are cleared. The students can always re-watch the session to revise the topics that were cleared in each session. This fundamental of easy accessibility and devoted doubt clearance makes V-Smart stand out. Due to this, the students see V-Smart as the best choice when it comes to CA coaching in Pune.
Test Series
If a student takes the V-Smart test series, their level of confidence to face the exam will increase drastically. The test series are designed by experts, which ensures that every important topic is included. It becomes the mode of testing the existing knowledge and understanding areas of improvement. The faculties dedicate a good amount of time improves the lacking areas. This ensures that you will score better in your exams (whether it be CA Foundation Exam, CA Intermediate exams, or CA Final exams, you will rock it!).
Conclusion
If you still want to know more, Check us out at V-Smart Academy.
You get a glance at the products we offer, the faculties that will teach you, our demos, and much more.
How to Prepare for CA Final FR Exam?
What is Financial Reporting (FR)?
Financial reporting is the art of documenting and communicating the financial activities and performance of an organisation at periodic intervals (quarterly or yearly). Hence the subject CA Final FR helps you develop this skill so that you can utilize it in your future.
CA Final FR Exam Pattern
Before understanding the steps of preparing for your CA Final Financial Reporting (FR) Exam, you need to be aware of your exam pattern. The following table will show you all the necessary details you need to know.
Particulars | Details |
Name of Exam | CA Final Financial Reporting (FR) |
Maximum Marks | 100 |
Conducting Body | Institute of Chartered Accountants (ICAI) |
Mode of Exam | Offline (pen and paper) |
Duration of Exam | 3 hours |
Frequency of Examination | 2 times a year |
Negative Marking | No negative marking for wrong answers |
Language of Exam | English and Hindi |
Type of Questions | Subjective |
Preparation Strategy for CA Final FR
Many of you might be looking up for CA Final Financial Reporting Classes to help get the desired guidance. Check out V-Smart Academy, it is relied on by several CA aspirants all across India.
Apart from the classes there are several steps you have to take to get 100% results. Following are the mentioned steps you need to take while preparing for CA Final FR.
Browse through your syllabus
It is important that you go through your syllabus before starting your preparation. It will help you divide the portion into two halves- easy and difficult. By categorizing the topics in these two groups, you will get clarity on where to start. Always start with something difficult because once you are done with it, you feel great about clearing a tough topic. It will help you boost your confidence to study the easier ones.
Understanding the Pattern of CA Final FR Exam
It is necessary to analyze the pattern of the CA Final FR exam so that you get an idea of the paper pattern. This will help you plan out your study sessions. You will understand the time limit within which you have to complete the paper, and accordingly, you will train your pace. Similarly, depending on the kind of question, you will practice your answers as for subjective questions, you have to practice descriptive answers.
Making A Proper Schedule/ Timetable
It is necessary to make and follow a proper schedule while studying a subject. Scheduling will help you divide your time efficiently to complete the entire syllabus. Do not limit time for hard subjects but a lot a specific number of days for your completion cycle. This will help you check and mark your completed topics as you are in the process of learning.
CA Final FR Study Material
You live in a world where everything is available on the internet. You need to take advantage of that. You can refer to various video lectures of top faculties to understand a specific topic. Through this, you will be able to clear your basics well, which will help you during your exams and future career as a CA.
At V-smart Academy we provide students with proper CA Final study material designed in a manner where they can learn each topic easily.
Practice/ Mock Test
While preparing for the CA final FR exam, you cannot skip this step. It is really important to verify your knowledge and learn. It is also a way of understanding the areas that need more practice. The more practice tests you take, the more confident you grow to face your exam. While you practise your past question papers, you will grow accustomed to the paper pattern making it easier for you to face the examination.
Revising the Topics
Just because you have studied the topic once doesn’t mean it’s over. You have to revise it every now and then to keep it in your memory till the exam date. A revision is essential after you have taken up a practice test or a mock test. It will help you regain confidence in the areas where you were getting stuck. Also, ensure that you keep the week before your exams only for revision. This will help you avoid panic and strengthen the knowledge that you have learnt.
Keynote: Ensure that you revise topics with heavy weightage thoroughly (e.g: Consolidation and Business Combination which carry around 25-35 marks).
Conclusion
This blog provides you with information about the CA Final FR exam. Including exam pattern and preparation strategy. If you commit yourself to the strategy, it will help you get the desired results.