What is CA Intermediate Exam?
CA Intermediate is the second stage of the CA curriculum, after CA Foundation. This is for Class 12 Commerce students (HSC Commerce). If you’ve done your Bachelor of Commerce, then you can attempt CA Intermediate directly and skip the CA Foundation Exam.
CA Intermediate Syllabus May 2020
| Group I | Section | Type |
| PAPER 1: Accounting100 Marks |
Process of Formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRS’s |
Descriptive |
| Framework for preparation and presentation of financial statements (as per accounting standards) | ||
| Application of accounting standards | ||
| Company Accounts | ||
| Accounting for Special Tranasactions | ||
| Special Type of Accounting | ||
| PAPER – 2: Corporate and Other LawsCorporate: 60 Marks Other Laws: 40 Marks |
The Companies Act, 2013 – Section 1 to 148 | 70% Descriptive 30% Objective |
| The Indian Contract Act, 1872 | ||
| The Negotiable Instruments Act, 1881 | ||
| The General Clauses Act, 1897 | ||
| Interpretation of statutes, | ||
| PAPER – 3 : Cost and Management Accounting100 Marks |
Overview of Cost Management Accounting | Descriptive |
| Ascertainment of Cost and Cost Accounting System | ||
| Methods of costing | ||
| Cost control and analysis | ||
| PAPER 4 : TaxationDirect Tax Laws: 60 Marks Indirect Tax Laws: 40 Marks |
Residential Status and scope of total income | 70% Descriptive 30% Objective |
| Income other person’s included in assessee’s total income | ||
| Deductions fromm gross total income | ||
| Concept of Indirect taxes | ||
| Goods and Service Tax (GST) Laws | ||
| Group II | ||
| PAPER 5: Advanced Accounting100 Marks |
Application of accounting standards | Descriptive |
| Special aspects of company accounts | ||
| Reorganization and liquidation of companies | ||
| Consolidated financial statements | ||
| PAPER 6: Auditing and Assurance100 Marks |
Nature object and scope of auditing | 70% Descriptive 30% Objective |
| Audit strategy, Audit planning | ||
| Audit Documentation | ||
| Risk Assessment and Internal Control | ||
| Audit Sampling | ||
| Audit Banks | ||
| Audit of different types of entities | ||
| PAPER 7: Enterprise Information Systems & Strategic ManagementEnterprise Information System: 50 Marks Strategic Management: 50 Marks |
Automated Business Processes | 70% Descriptive 30% Objective |
| Finacial and accounting systems | ||
| Information system and its components | ||
| Introduction to strategic management | ||
| Strategic Management process | ||
| Business level strategies | ||
| Strategy implementation and control | ||
| PAPER 8: Financial Management and Economic FinanceFinancial Management: 60 Marks Economics for Finance: 40 Marks |
Introduction to financial management function | Descriptive |
| Financing decisions | ||
| Cost of capital | ||
| Dividend decisions | ||
| Management of working capitals | ||
| Determination of national income | ||
| Public finance | ||
| International trade |
Also read: Why students fail CA IPCC?
Time Table for CA Intermediate 2020 Exams
| Events | May-20 | Nov-20 |
| Application form released | 5-Feb-20 | 3rd week of Aug 2020 |
| Last date to submit form without late fee | 26-Feb-20 | 3rd week of Sep 2020 |
| Last date to submit form with late fee | 4-Mar-20 | 4th week of Sep 2020 |
| Correction window opens | 04th week of Mar 2020 | 3rd – 4th week of Sep 2020 |
| Issue of admit card | May-20 | 3rd week of Oct 2020 |
| CA IPCC Group 1 2020 exam date | 3, 5, 8, 10 May 2020 | To be notified |
| CA IPCC Group 1I 2020 exam date | 12, 14, 16 May 2020 | To be notified |
| Result declaration | 04th week of Aug 2020 | To be announced |
CA Intermediate 2020 Eligibility Criteria
Students with the qualifications mentioned below are eligible to appear for CA Intermediate 2020:
Candidates must have qualified CA CPT and 10+2/ Foundation and must have registered for May session on or before September 1, 2019.
Converted from the old scheme to new scheme for May 2020 session before February 1, 2020.
Candidates who have completed graduation/ post graduation in commerce with at least 55% overall or candidates who have completed graduation/ post graduation in any other stream with at least 60% overall.
Candidates who have passed the intermediate level of Institute of Company Secretaries of India and Institute of Cost Accountants of India.
CA Intermediate May 2020 Admit Card
Admit cards of all of the candidates will be available on icaiexam.Icai.Org around 14 days before the examination. Candidates will be able to print their admit card from the web site, No physical admit card will be sent to any candidate. For downloading and printing of the admit cards, candidates will be able to log-in with their login credentials and print the admit card from their dashboard.
The admit card of CA Intermediate will have details like personal details, reporting time, address of the venue/test centers, etc. it’s important to carry admit card and identification proof on the day of examination.
CA Inter Amendments For May 2020
The Institute of Chartered Accountants of India (ICAI) announced Accounting Standards and Guidance Notes which the students should learn in order to avoid inconvenience during their exams.
