ICAI CA Intermediate Examination Syllabus & Exam Pattern 2026 (New Scheme)

Process of formulation of Accounting Standards including Ind AS, Convergence with IFRS.

Applicability of Accounting Standards (AS 1, 2, 3, 4, 5, 7, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29).

Company Accounts: Preparation of Financial Statements (Schedule III to Companies Act, 2013), Cash Flow Statement, Buyback of Securities, Accounting for Amalgamation, Reconstruction and Liquidation of Companies.

Financial Statements of Branches including foreign branches.

Accounting for Financial Institutions and Banking companies.

Part I: Company Law (70 Marks): The Companies Act, 2013 - Preliminary; Incorporation of Company and Matters Incidental Thereto; Prospectus and Allotment of Securities; Share Capital and Debentures; Acceptance of Deposits by Companies; Registration of Charges; Management & Administration; Declaration and Payment of Dividend; Accounts of Companies; Audit and Auditors; Companies Incorporated Outside India.

Part II: Other Laws (30 Marks): The Limited Liability Partnership Act, 2008; The General Clauses Act, 1897; Interpretation of Statutes (Rules of interpretation, Internal and External aids).

Section A: Income Tax Law (50 Marks): Basic Concepts, Residential Status, Incomes which do not form part of Total Income, Heads of Income (Salaries, House Property, Profits & Gains from Business or Profession, Capital Gains, Income from Other Sources), Clubbing of Income, Set off and Carry Forward of Losses, Deductions under Chapter VI-A, Computation of Total Income and Tax Liability of Individuals, Advance Tax, TDS, TCS, Filing of Return of Income.

Section B: Goods and Services Tax (GST - 50 Marks): Concept of Indirect Taxes, GST Laws, Concept of Supply, Charge of GST (Forward & Reverse Charge), Exemptions from GST, Place of Supply, Time and Value of Supply, Input Tax Credit (ITC), Registration, Tax Invoice, Credit & Debit Notes, Accounts & Records, Payment of Tax, Returns.

Overview of Cost and Management Accounting, Elements of Cost (Material Cost, Employee Cost, Overheads - Activity Based Costing ABC).

Cost Accounting Systems: Non-integrated and Integrated accounting systems, Reconciliation of cost and financial accounts.

Methods of Costing: Single Output/Unit Costing, Job Costing, Batch Costing, Contract Costing, Process Costing, Service Costing.

Cost Control and Analysis: Standard Costing and Variance Analysis, Marginal Costing and Cost-Volume-Profit (CVP) Analysis, Budget and Budgetary Control.

Nature, Objective and Scope of Audit (Standards on Auditing SA 200, 210, 220, 230, 240, 250, 260, 265, 299).

Audit Strategy, Audit Planning and Audit Programme (SA 300, 315, 320).

Risk Assessment and Internal Control.

Audit Evidence (SA 500, 501, 505, 510, 520, 530, 540, 550, 560, 570, 580).

Audit of Items of Financial Statements.

Audit Documentation and Audit Report (SA 700, 701, 705, 706).

Company Audit (Provisions of Companies Act, 2013 and CARO 2020).

Ethics and Terms of Audit Engagements.

Section A: Financial Management (50 Marks): Scope and Objectives of Financial Management, Types of Financing, Financial Analysis and Planning - Ratio Analysis, Cost of Capital, Financing Decisions - Capital Structure, Leverages, Investment Decisions - Capital Budgeting, Dividend Decisions, Management of Working Capital.

Section B: Strategic Management (50 Marks): Introduction to Strategic Management, Strategic Analysis: External Environment (PESTEL, Porter's Five Forces), Strategic Analysis: Internal Environment (SWOT, Value Chain), Strategic Choices (Business Level & Corporate Level Strategies), Strategy Implementation and Evaluation (Structure, Leadership, Control).