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CA Intermediate Paper 1 Accounting Syllabus

CA Intermediate Paper 1 Accounting Syllabus

CA Intermediate Paper 1 Accounting Syllabus

The Institute of Chartered Accountants of India (ICAI) has now announced dated 27th May 2017 that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. Students who are eligible to register in the CA IIPC under the existing (OLD) scheme, may register on or before 30th June, 2017

ICAI has given details about CA New Course | Foundation Route, CA New Course | Direct Entry Route, Changes in CPT, IPCC and CA Final syllabus from 2016 and other training programmes| CA IPCC Old Scheme Versus CA Inter New Scheme Syllabus

CA Intermediate Paper 1 Accounting Syllabus

PAPER-1: ACCOUNTING(One paper – Three hours – 100 marks)

Contents:

  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. Applications of Accounting Standards:

    • AS 1 : Disclosure of Accounting Policies
    • AS 2 : Valuation of Inventories
    • AS 3 : Cash Flow Statements
    • AS 4 : Contingencies and Events occurring after the Balance Sheet Date
    • AS 5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
    • 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
    • AS 17: Segment Reporting
    • AS 22: Accounting for Taxes on Income
  4. Company Accounts

    • Redemption of preference shares;
    • Redemption of debentures;
    • Accounting for bonus issue and right issue.
    • Accounting for tax: Concept of deferred tax asset and deferred tax liability in line with AS 22 “Accounting for Taxes”.
    • Managerial Remuneration
    • Preparation of financial statements – Statement of Profit and Loss, Balance Sheet and Cash Flow Statement,
    • Profit (Loss) prior to incorporation;
  5. Accounting for Special Transactions:

    • Investment
    • Insurance claims for loss of stock and loss of profit
    • Hire – purchase and Instalment Sale Transactions
  6. Special Type of Accounting

    • Departmental Accounting
    • Accounting for Branches including foreign branches
    • Accounts from Incomplete Records
  7. Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion of partnership firm into a company and Sale to a company; Issues related to accounting in Limited Liability Partnership.

Note: If either a new Accounting Standards (AS), Announcements and Limited Revisions to AS are issued or the earlier one are withdrawn or new AS, Announcements and Limited Revisions to AS are issued in place of existing AS, Announcements and Limited Revisions to AS, the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute.

CA Intermediate Paper 1 Accounting Syllabus

CA Intermediate new Syllabus from May 2018 – New IPCC Course

CA Intermediate new Syllabus – There are 8 papers in CA IPCC new scheme from 2018. Read below changes in IPCC new syllabus from 2018.

Number of Papers – 8

Group 1
 Paper 1 Accounting100 Marks
 Paper 2 Corporate Laws and Other Laws100 Marks
Part I: Corporate Laws (60 Marks)
Part II: Other Laws (40 Marks)
Paper 3Cost and Management Accounting100 Marks
Paper 4Taxation100 Marks
Paper 4A : Direct Tax Laws – 60 Marks
Paper 4B : Indirect Tax Laws – 40 Marks
 Group 2
Paper 5 Advanced Accounting100 Marks
Paper 6 Auditing and Assurance100 Marks
Paper 7Enterprise Information Systems & Strategic Management100 Marks
Section A: Enterprise Information Systems (50 Marks)
Section B: Strategic Management (50 Marks)
Paper 8 Financial Management & Economics for Finance (100 Marks)100 Marks
Section A: Financial Management (60 Marks)
Section B: Economics for Finance (40 Marks)

CA Intermediate Paper 1 Accounting Syllabus

CA IPCC Old Scheme Versus CA Inter New Scheme Syllabus

PapersCA Intermediate Subjects
(New Syllabus 2017)
Marks
Group-I
Paper-1Accounting100
Paper-2Corporate and Other LawsPart I: Company Law (60 Marks)

Part II: Other Laws (40 Marks)

100
Paper-3Cost and Management Accounting100
Paper-4TaxationSection A: Income Tax Law (60 Marks)

Section B: Indirect Taxes (40 Marks)

100
Group-II
Paper-5Advanced Accounting100
Paper-6Auditing and Assurance100
Paper-7Enterprise Information Systems & Strategic ManagementSection A: Enterprise Information Systems (60 Marks)

Section B: Strategic Management (40 Marks)

100
Paper-8Information Technology and Strategic ManagementSection A: Financial Management (60 Marks)

Section B: Economics for Finance (40 Marks)

100

CA Intermediate Paper 1 Accounting Syllabus

CA Intermediate Course Applicable Dates

S.No.ParticularsDates/Attempts
1Last Date for Registration of CA IPCC30th June 2017
2Date of Registration of CA Intermediate Course1st July 2017
3First Exam to be Held on CA IntermediateMay 2018
4Ending Date of the IPCC ExamMay 2019

Three Parallel Attempts for CA Intermediate Course 

S.No.CA IntermediateCA IPCC
1May 18May 18
2November 18November 18
3May 19May 19

CA Intermediate new Syllabus | Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)

Duration: 4 weeks (2 weeks for soft skills and 2 weeks for IT)

When to complete: Students registering for the Intermediate course shall be required to do ICITSS before the commencement of practical training.

Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being able to appear in the Intermediate examination.

Practical Training

Duration of Practical Training: Three Years

Commences after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing Either or Both Groups of Intermediate.

For direct entrants coming through Graduation and Post Graduation route, the practical training commences immediately after they complete four weeks ICITSS.

CA Intermediate new Syllabus | Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS)

Duration: 4 weeks (2 weeks for soft skills and 2 weeks for Advance IT)

When to complete: Students undergoing Practical training shall be required to do AICITSS during the last 2 years of Practical training but to complete the same before appearing in the Final Examination.

Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify for being eligible to appear in the Final Examination.

CA Intermediate Paper 1 Accounting Syllabus

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