ICAI New Syllabus 2024

Preparing for CA? Then you’re in the right place as today we will tell you about the ICAI New Syllabus 2024 for CA so you can prepare for the examination properly, there are 3 courses as per ICAI which are the Foundation course, Intermediate course & Final Course.

ICAI New Syllabus 2024
ICAI New Syllabus 2024

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1. CA Foundation Course:

Paper 1: Principles of Accounting

Paper 2: Business Laws

Paper 3: Quantitative Aptitude

Paper 4: Business Economics

2. CA Intermediate Course:

Paper 2: Corporate and Economic Laws

Paper 1: Accounting & Assurance

Paper 3: Cost and Management Accounting

Paper 4: Taxation

Paper 5: Auditing and Ethics

3. CA Final Course:

Paper 1: Financial Reporting

Paper 2: Strategic Financial Management

Paper 3: Risk Management

Paper 4: Advanced Auditing and Professional Ethics

Paper 5: Corporate Laws

Paper 6: Direct Taxes

Paper 7: Indirect Taxes

ICAI: CA Foundation Course – Detailed

CA Foundation Course is an entry-level course for those who want to become CA, ICAI has updated the new syllabus for the year 2024, the ICAI New Syllabus 2024 is given below:

Paper 1: Principles of Accounting

  • Introduction to Accounting
  • Accounting Concepts and Principles
  • Accounting Process
  • Bank Reconciliation Statement
  • Inventories
  • Depreciation
  • Bills of Exchange and Promissory Notes
  • Preparation of Final Accounts of Sole Proprietors
  • Financial Statements of Not-for-Profit Organizations
  • Accounts from Incomplete Records
  • Partnership and LLP Accounts
  • Company Accounts

Paper 2: Business Laws

  • Law of Contract – Formation, Performance, Discharge, Remedies
  • Sale of Goods Act – Contract of Sale, Transfer of Title, Performance, Remedies
  • Negotiable Instruments Act – Introduction to Negotiable Instruments, Types of Negotiable Instruments, Transfer of Negotiable Instruments, Dishonor of Negotiable Instruments
  • Law of Partnership – Formation, Partnership Deed, Rights and Duties of Partners, Dissolution of Partnership, Limited Liability Partnership
  • The Companies Act, 2013 – Introduction to Companies, Formation of Company, Share Capital, Shares and Dividends, Management of Company, Winding Up

Paper 3: Quantitative Aptitude

  • Part A: Business Mathematics
    • Number System
    • Algebra
    • Ratio and Proportion
    • Percentage
    • Profit and Loss
    • Simple Interest
    • Compound Interest
    • Time and Speed
    • Distance and Work
    • Average
  • Part B: Logical Reasoning
    • Syllogisms
    • Number Series
    • Direction Test
    • Coding-Decoding
    • Cubes and Dice
    • Venn Diagrams
    • Clocks and Calendars
  • Part C: Statistics
    • Measures of Central Tendency
    • Measures of Dispersion
    • Probability
    • Sampling Techniques

Paper 4: Business Economics

  • Introduction to Business Economics
  • Demand and Supply
  • Theory of Production
  • Cost Analysis
  • Market Structure
  • National Income
  • Business Cycles
  • Money and Banking
  • Public Finance

ICAI: CA Intermediate Course – Detailed

CA Intermediate Course is the second level of the CA examination conducted by ICAI, this course provides in-depth knowledge of finance & accounting, the CA Intermediate Course 2024 as per ICAI is given below:

Group I:

Paper 1: Accounting & Assurance

  • Theoretical Framework
  • Accounting Standards
  • Accounting for Special Transactions
  • Financial Statements Analysis
  • Auditing Standards and Assurance Standards

Paper 2: Corporate and Economic Laws

  • Companies Act, 2013
  • Securities Laws
  • Intellectual Property Rights
  • Insolvency and Bankruptcy Code
  • Economic Laws – Competition Law, Consumer Protection Law

Paper 3: Cost and Management Accounting

  • Cost Concepts and Classification
  • Cost Accounting Records
  • Costing Methods
  • Standard Costing
  • Budgetary Control
  • Performance Analysis
  • Activity-Based Costing and Management

Paper 4: Taxation

  • Income Tax Act, 1961
  • Direct Tax Computation – Individuals, Hindu Undivided Families, Partnerships, Firms
  • Deductions and Exemptions
  • Tax Planning

Group II:

Paper 5: Auditing and Ethics

  • Audit Planning and Risk Assessment
  • Audit Procedures
  • Audit Evidence
  • Audit Reporting
  • Professional Ethics for Chartered Accountants

Paper 6: Financial Management and Strategic Management

  • Financial Management – Financial Analysis, Financial Planning, Working Capital Management, Long-Term Financing
  • Strategic Management – Strategic Analysis, Strategic Formulation, Strategic Implementation, Strategic Control

Paper 7: Enterprise Information Systems and Strategic Management

  • Enterprise Information Systems Concepts
  • Information Technology and Business Applications
  • Strategic Use of Information Technology
  • Strategic Management for Business Excellence

Paper 8: Financial Reporting and Corporate Governance

  • Financial Reporting Standards
  • Consolidated Financial Statements
  • Corporate Governance Principles and Practices

ICAI: CA Final Course – Detailed

CA final course is the final course that prepares the students for the professional world of accounting and finance. The new syllabus for the CA Final Course is as follows:

Group 1:

Paper 1: Financial Reporting (FR)

  • Financial Reporting Framework and Standards
  • Conceptual Framework for Financial Reporting
  • Accounting Standards for Business Enterprises
  • Accounting Standards for Other Enterprises
  • Financial Statements and Reporting
  • Specialized Accountings

Paper 2: Strategic Financial Management (SFM)

  • Strategic Financial Management Concepts
  • Financial Decision Making
  • Valuation of Businesses
  • Derivatives
  • Financial Risk Management
  • Corporate Finance and Mergers & Acquisitions
  • Financial Management for Not-for-Profit Organizations

Paper 3: Advanced Auditing, Assurance, and Professional Ethics (AAAPE)

  • Advanced Auditing Principles and Techniques
  • Audit of Internal Control
  • Audit of Specialized Transactions
  • Audit of Foreign Operations
  • Forensic Auditing
  • Ethical Responsibilities of Auditors

Group 2:

Paper 4: Direct Tax Laws and International Taxation (DTL & ITL)

  • Income Tax Act, 1961
  • Direct Tax Computation – Individuals, Partnership Firms, Companies
  • Deductions and Exemptions
  • Tax Planning and Relief
  • International Tax Laws
  • Transfer Pricing

Paper 5: Indirect Tax Laws (ITL)

  • Central Goods and Services Tax (GST)
  • Central Excise Act, 1944
  • Customs Act, 1962
  • Service Tax
  • Indirect Tax Computation
  • Advance Ruling
  • Indirect Tax Planning

Paper 6: Integrated Business Solutions (IBS)

  • Business Process Management
  • Data Analytics and Business Intelligence
  • Enterprise Resource Planning (ERP) Systems
  • E-Commerce
  • Risk Management and Compliance
  • Governance, Risk, and Compliance (GRC

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