Here in this article, you can get every detail related to the CA Intermediate Exam Pattern.
CA Intermediate May 2020 Exams have been rescheduled to July-Aug 2020. See the new timetable for CA Intermediate Exams.
Students are mostly confused or misguided when it comes to understanding who is eligible for appearing in the CA Intermediate/IPCC Exam, what is the registration process for CA Intermediate or how they can do the online registration, and how to check their registration status. Therefore, we have compiled this CA Intermediate Registration Guide with a step-by-step process, ICAI’s eligibility criteria, and other important details.
As a CA student, you should have a good understanding of the latest CA Intermediate Exam Pattern.
CA Intermediate Subjects and Syllabus as per New Exam Pattern
As a Chartered Accountant student, you must keep the complete syllabus and study material handy (possibly both in print and digital)
We have assembled the complete CA Intermediate syllabus and study material for you in both: English and Hindi. You can download the files and save them on a drive, or bookmark the pages for quick reference.
CA Intermediate Exam Pattern 2020 Details
Medium of Study/Exam:
You can give your CA Intermediate Exam in any of the languages:
However, you have to select your choice at the time of registering for the CA Intermediate Exam.
Mode of Exam:
Offline and writing exam
Duration of Papers
Each paper of the CA Intermediate Exam is of 3 hours.
Type of paper
Subjective and objective
Passing criteria for CA Intermediate Exam has 2 conditions:
Students need an aggregate of 50%
Students need a minimum score of 40% in each paper.
Marking scheme as per CA Intermediate Exam Pattern
There are 8 papers in the CA Intermediate Level which are divided into 2 groups. (Each group has 4 papers)
All the 8 papers are of 100 marks each. (Total: 800 marks)
There is no internal choice in any of the subjective questions.
Paper 2, 4, 6, 7 of the CA Intermediate course will have the following the new Exam Pattern:
30% Objective Type: MCQs carrying 1 and 2 marks.
The number of MCQs carrying 1 mark will range from 10-16.
The number of MCQs carrying 2 marks will range from 7-10.
70% Subjective Type: Descriptive
There is no negative marking in the CA Intermediate 2020 Exam.
Exemption: The Institute of Chartered Accountant of India allows a setoff facility. It is applicable in a situation where a candidate appears for both groups of CA Intermediate level and scores and a minimum of 400 marks (50%) in total. A candidate will be considered as passed even if he/she does not score 50% (200 marks) in each group.
Training Program as per the CA Intermediate Exam Pattern
A good Chartered Accountant is the one who is efficient in inter-personal and professional communication skills, presentation skills, and IT skills besides knowing all the ins and outs of the topics in the CA Course. For this reason, ICAI has included training in the CA course.
After registering for the CA Intermediate Exam, students have to complete some training to be qualified for appearing in the CA Intermediate/IPCC Exam.
|ICITSS- Integrated Course on Information Technology and Soft Skills||4 Weeks|
|AICITSS- Advanced Integrated Course on Information Technology and Soft Skills||4 Weeks|
|Articleship Training/Audit Training||3 years (Note: 6 months of Articleship Training/8 months of Audit Training)|
See the following on our page:
CA Intermediate Exam Pattern 2020: Skill-Wise and Section-Wise Weightage (New Scheme)
The Skill-Wise Paper Distribution of CA Intermediate Exam Pattern and Papers helps you understand what type of questions are asked in every subject.
|Paper||Level I Comprehension and Knowledge||Level II Application|
|Paper: I Accounting||5%-15%||85%-95%|
|Paper: II Part1: Corporate Laws||40%-55%||45%-60%|
|Paper 2 Part 2: Other Laws||35%-55%||45%-65%|
|Paper 3 Cost and Management Accounting||20%-30%||70%-80%|
|Paper 4A: Taxation Income Tax Law||5%-20%||80%-95%|
|Paper 4B: Taxation Indirect Tax Laws||20%-45%||55%-80%|
|Paper 5: Advanced Accounting||30%-55%||45%-70%|
|Paper 6: Auditing and Assurance||5%-15%||85%-95%|
|Paper 7A: Enterprise Information System||30%-55%||45%-70%|
|Paper 7B: Strategic Management||50%-70%||30%-50%|
|Paper 8A: Financial Management||20%-30%||70%-80%|
|Paper 8B: Economics for Finance||60%-80%||20%-40%|
The nature of questions asked under the Comprehension and Knowledge Level is based on recognition and recall of concepts. Candidates are asked to write the definition, explain the concept, describe a process, or any conditions or laws.
The nature of questions in the Application Level is based on the practical application of a concept or analysis of theories. Students have to make calculations to solve a given problem or situation.
Marking Scheme and Section-Wise Weightage as per latest CA Intermediate Exam Pattern
|Paper: I Accounting||100|
|Paper: II Part1: Corporate Laws||60|
|Paper 2 Part 2: Other Laws||40|
|Paper 3 Cost and Management Accounting||100|
|Paper 4A: Taxation Income Tax Law||60|
|Paper 4B: Taxation Indirect Tax Laws||40|
|Paper 5: Advanced Accounting||100|
|Paper 6: Auditing and Assurance||100|
|Paper 7A: Enterprise Information System||50|
|Paper 7B: Strategic Management||50|
|Paper 8A: Financial Management||60|
|Paper 8B: Economics for Finance||40|
Complete Section-Wise Marking Scheme Download Here
In the marking scheme available under CA intermediate exam pattern, the whole syllabus is divided into small sections of one or more chapters. It gives the minimum and maximum percentage of preference a section will get in the question paper. With the help of this detailed marking scheme, you can decide how much time and effort you need to spend in each section of every paper.
PAPER 1 ACCOUNTING (100 MARKS)
1. Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concept of carve-outs.
2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
3. Application of Accounting Standards:
|2||4. Accounting for Special Transactions:||20%-25%|
|3||5. Special Type of Accounting||20%-25%|
|4||6. Company Accounts||30%-35%|
PAPER 2 CORPORATE LAWS (100 MARKS)
|Part 1: Corporate Laws (60 Marks)|
2. Incorporation of company and matters incidental thereto
3. Prospectus and Allotment of securities
4. Share Capital and Debentures
5. Acceptance of Deposits by companies
6. Registration of Charges
7. Management and Administration
8. Declaration and payment of dividend
9. Accounts of Companies
10. Audit and auditors
|Part 2: Other Laws (40 Marks)|
|I||1. The Indian Contract Act, 1872||30%-35%|
|II||2. The Negotiable Instruments Act, 1881||20%-35%|
|III||3. The General Clauses Act 1897||15%-25%|
|IV||4. Interpretation of statues||15%-25%|
PAPER 3 COST AND MANAGEMENT ACCOUNTING (100 MARKS)
|I||1. Overview of Cost and Management Accounting||10%-15%|
|II||2. Ascertainment of Cost and Cost Accounting System||35%-40%|
|III||3. Methods of Costing||25%-30%|
|IV||4. Cost Control and Analysis||20%-25%|
PAPER 4 TAXATION (100 MARKS)
|Part A: Income-tax Law (60 Marks)|
|I||1. Basic Concepts 2. Residential Status and scope of total income||15%-20%|
3. Incomes which do not form part of total income (other than charitable trusts and Institutions, political parties and electoral trusts)
4. Heads of income and provisions governing computation of income under different heads
5. Income of other persons included in assessee’s total income
6. Aggregation of income; set-off, or carry forward and set-off of losses
7. Deductions from gross total income
|IV||8. Computation of total income and tax liability of individuals||15%-20%|
9. Advance tax, tax deduction at source Introduction to tax collection at source
10. Provisions for filing return of income and self-assessment
|Part B: Indirect Taxes (40 Marks)|
1. Concept of Indirect Laws
2. Goods and Services Tax (GST) Laws(i) GST Laws: An introduction including Constitutional aspects
2. (ii) Levy and collection of CGST and IGST
2. (iii) Basic concepts of time and value supply
2. (iv) Input tax credit
2. (v) Computation of GST liability
2. (vi) Registration
2. (vii) Tax invoice credit and debit note electronic way bill
2. (viii) Returns
2. (ix) Payment of tax
PAPER 5 ADVANCED ACCOUNTING (100 MARKS)
|I||1. Application of Accounting Standards||20%-26%|
|II(A)||2. Special Aspects of Company Accounts|
|II(B)||3. Reorganization and Liquidation of Companies|
|III||4. Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof||12%-16%|
|IV||5. Consolidated Financial Statements||25%-30%|
|6. Dissolution of partnership firms|
PAPER 6 AUDITING AND ASSURANCE
|I||1. Nature, Objective and Scope of Audit |
2. Audit Strategy, Audit Planning and Audit Programme
7. Audit Sampling
|II||3. Audit Documentation and Audit Evidence||5%-15%|
|III||4. Risk Assessment and Internal Control |
6. Audit in an Automated Environment
|V||11. Audit Report||5%-15%|
|VI||9. Audit of items of Financial Statements||10%-15%|
|IV||12. Audit of Banks |
13. Audit of Different Types of Entities
PAPER 7 ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT (100 MARKS)
|Part A: Enterprise Information Systems (50 Marks)|
|I||1. Automated Business Processes||15%-25%|
|II||2. Financial and Accounting Systems||15%-25%|
|III||3. Information Systems and its Components||15%-25%|
|IV||4. E-commerce, M-commerce and Emerging Technologies||15%-25%|
|V||5. Core Banking Systems||15%-25%|
|Part B: Strategic Management (50 Marks)|
|I||1. Introduction to Strategic Management||10%-20%|
|II||2. Dynamics of Competitive Strategy||10%-20%|
|II||3. Strategy Management Process||10%-20%|
|II||4. Corporate Level Strategies||10%-20%|
|II||5. Business Level Strategies||10%-20%|
|II||6. Functional Level Strategies||10%-20%|
|II||7. Organization and Strategic Leadership||10%-20%|
|II||8. Strategy Implementation and Control||10%-20%|
PAPER 8 FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE (100 MARKS)
|Part A: Financial Management (60 Marks)|
|I||Financial Management and Financial Analysis||10%-15%|
|III||Capital Investment and Dividend Decisions||30%-35%|
|IV||Management of Working Capital||10%-15%|
|Part B: Economics for Finance (40 Marks)|
|I||1. Determination of National Income||20%-30%|
|II||2. Public Finance||20%-30%|
|II||3. The Money Market||20%-30%|
|II||4. International Trade||20%-30%|
IPCC Marks Weightage: Skill-Wise and Section-Wise Weightage (Old Scheme)
Skill-Wise Weightage (Old Scheme)
|Paper||Level I Comprehension and Knowledge||Level II Application|
|Paper 1: Accounting||5%-15%||85%-95%|
|Paper 2 Part 1: Business Law||40%-55%||45%-60%|
|Paper 2 Part 2: Ethics||80%-90%||10%-20%|
|Paper 2 Part 3: Communication||80%-90%||10%-20%|
|Paper 3 Part I: Cost Management||20%-30%||70%-80%|
|Paper 3 Part II: Financial Management||20%-30%||70%-80%|
|Paper 4A: Taxation- Income Tax||5%-20%||80%-95%|
|Paper 4B: Taxation- Indirect Taxes||20%-45%||55%-80%|
|Paper 5: Advanced Accounting||5%-15%||85%-95%|
|Paper 6: Auditing and Assurance||30%-55%||45%-70%|
|Paper 7A: Information Technology||30%-55%||45%-70%|
|Paper 7B: Strategic Management||30%-50%||50%-70%|
IPCC Course Marking Scheme and Section-Wise Weightage (Old Scheme)
Download the detailed marking scheme and marks distribution as per CA Intermediate Old Syllabus/IPCC Here.
Practice Papers for CA Intermediate/IPCC Exam 2020
To pass all the levels of CA Exam and become a Chartered Accountant, candidates need to practice a lot of mock test papers and previous year question papers. It helps you get comfortable in writing the 3 hour long papers and complete them in the given time frame.
You can get the previous year question papers from the below-given link.
You can also download the latest mock test papers series released by the Institute of Chartered Accountant of India. Start practicing the Mock Test Papers and get the answer key to evaluate your answers.
ICAI Mock Test Paper July 2020 as per New Scheme of CA Intermediate Exam Pattern Download from here
ICAI Mock Test Paper July 2020 as per Old Scheme of IPCC/CA Intermediate Exam Pattern
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Q1. How to easily clear both the groups of CA Intermediate Level in one attempt?
You have an option to clear both the groups separately or in one attempt. For your help, CA Wizard has 10 tips that you can follow. Read how to easily clear both the CA Intermediate Groups in one attempt.
Q2. When are the CA Intermediate 2020 Exam admit cards released and how to get the admit card?
View the steps to download CA Intermediate Admit Card which is available 14 days before the exam and can be downloaded from the ICAI website.
Q3. What is the minimum study period for CA Intermediate Exam?
ICAI says that CA Intermediate students need to study for 8 months before appearing in the exams.