#CA Final New Syllabus 2024 | Explore Tumblr posts and blogs

iproledgeacademy · 8 months ago

Text

Best CA Coaching in Bangalore 2024

Bangalore, often dubbed as the 'Silicon Valley of India', is not only a hub for tech companies but also a prime location for aspirants looking to pursue professional courses like CA (Chartered Accountancy). With a plethora of coaching institutes offering CA courses, it can be overwhelming to pick the right one. This article delves into the top CA coaching institutes in Bangalore for 2024, the courses they offer, fees, and why choosing the right institute is critical for success in the CA exams. Whether you're starting with CA Foundation or progressing to CA Intermediate or CA Final, this guide will help you make an informed decision.

Why Bangalore for CA Coaching?

Bangalore's competitive academic environment and strong infrastructure make it a top choice for students across India. The city offers a wealth of experienced faculty, a student-friendly ecosystem, and opportunities for internships and placements in top firms. Many institutes here offer comprehensive CA coaching programs tailored to fit the new curriculum and exam patterns introduced by ICAI (The Institute of Chartered Accountants of India).

Top CA Coaching Institutes in Bangalore

1. Success Edge Academy

When it comes to CA Coaching in Bangalore, Success Edge Academy stands out as the most reputed name in the field. Here's why:

Courses Offered: Success Edge Academy offers end-to-end coaching for CA Foundation, CA Intermediate, and CA Final. Their program is structured in a way that integrates theoretical knowledge with practical case studies, giving students a comprehensive learning experience.

Experienced Faculty: Success Edge Academy prides itself on having one of the most experienced faculties in Bangalore. The teachers are CA professionals with years of industry experience, making them well-equipped to guide students through complex accounting, taxation, and financial concepts.

Teaching Methodology: They focus on a combination of classroom teaching, regular tests, and personal mentoring. Their unique pedagogy ensures that students are constantly engaged and learning in a structured environment.

Results: With a history of producing All India Rankers (AIR) and a high pass percentage, Success Edge Academy is often the first choice for students aspiring to become CAs.

Placement Opportunities: Success Edge Academy has tie-ups with top CA firms and MNCs, ensuring that their students get excellent placement opportunities after completing their course.

Fee Structure: Success Edge Academy offers competitive pricing for their courses. While fees may vary based on the level of CA (Foundation, Intermediate, or Final), they also provide easy installment options and scholarships for meritorious students.

2. iProledge Academy

Another renowned name in CA coaching in Bangalore is iProledge Academy, known for its student-centric approach and innovative teaching methods.

Courses Offered: iProledge Academy provides coaching for CA Foundation, CA Intermediate, and CA Final. The courses are designed with the latest updates from ICAI, ensuring students are prepared for both the old and new syllabus.

Flexible Learning: iProledge Academy is highly popular among working professionals and students who require flexible learning options. With both online and offline modes of coaching, students can choose what suits them best.

Faculty: Like Success Edge, iProledge Academy boasts a team of highly qualified faculty, including CA professionals and experienced professors.

Mock Tests and Study Materials: They offer an exhaustive collection of study materials and conduct frequent mock tests, which helps students assess their preparation level and get familiar with exam patterns.

Support System: iProledge has a dedicated support system where students can get 1-on-1 mentorship sessions to clear doubts and strategize for exams.

Fees: iProledge Academy provides quality education at affordable fees. For students opting for online classes, there is a slight reduction in fees compared to classroom coaching.

3. Toppers Academy

Toppers Academy is well known for its high pass rates and a structured approach to CA coaching. It is one of the best options for students looking for a disciplined and exam-focused environment.

Courses Offered: CA Foundation, Intermediate, and Final.

Special Features: Intensive revision classes, comprehensive test series, and highly experienced faculty.

Fees: Toppers Academy has a slightly higher fee structure but offers scholarship programs for top-performing students.

4. JK Shah Classes

Another big name in the field of CA coaching is JK Shah Classes. With a national presence, they bring years of expertise to CA coaching in Bangalore.

Courses Offered: From CA Foundation to CA Final, they cover it all.

Faculty: They have a large pool of teachers, many of whom have experience teaching CA subjects for over a decade.

Features: Well-structured curriculum, timely doubt-clearing sessions, and frequent mock tests.

Fees: Slightly on the higher side but they offer quality in return for the investment.

Courses and Fees for CA Coaching in Bangalore

The courses typically cover all three levels of the CA program:

CA Foundation: This is the entry-level exam for those who want to pursue CA after completing Class 12th.

CA Intermediate: The second level of the CA program which students can take up after passing the Foundation exam or via the direct entry route.

CA Final: The last stage, which students take up after completing both groups of the CA Intermediate level and the articleship.

Average Fee Structure for CA Coaching:

CA Foundation: ₹30,000 - ₹50,000

CA Intermediate: ₹60,000 - ₹80,000 per group

CA Final: ₹70,000 - ₹90,000 per group

Success Edge Academy and iProledge Academy provide multiple payment options and EMI schemes to make it easier for students to manage fees.

How to Choose the Best CA Coaching Institute in Bangalore?

Faculty and Teaching Style: Look for institutes that offer experienced faculty who can simplify complex concepts and provide practical insights.

Results: Check the pass rates and All India Ranks (AIR) of the institute to get an idea of their track record.

Test Series and Mock Exams: Regular mock tests and revision classes are crucial for CA preparation, so prioritize institutes that offer them.

Study Materials: Opt for institutes that provide comprehensive study materials that are updated to reflect the latest syllabus.

Flexibility: For working professionals, it’s important to choose an institute that offers flexible timings or online classes.

#best ca coaching in Bangalore #ca classes in banagalore #ca foundation course in agra #iproledge academy

0 notes

economics-around-you · 9 months ago

Text

CA Final May 2025: A Month-by-Month Study Plan for Success

Preparing for the CA Final is a journey that demands dedication, strategy, and meticulous planning. The CA Final May 2025 exam is a significant milestone for aspirants aiming to achieve the prestigious Chartered Accountant qualification. However, tackling such a comprehensive syllabus can be overwhelming without a well-structured study plan. This blog provides a detailed, month-by-month study strategy, designed to guide you toward success in the CA Final May 2025 exams.

By breaking down the preparation process into manageable steps and allocating specific subjects and topics to each month, this study plan ensures that you cover the entire syllabus systematically. The key to success lies in consistency, focused revision, and solving mock papers regularly, all of which are covered in this guide. Success Edge Academy offers a variety of resources that can help you stay on track and get personalized guidance throughout your preparation.

Table of Contents

August 2024: Getting Started – Understanding the Syllabus and Setting Goals

September-October 2024: Building the Foundation – First Round of Study

November 2024: Conceptual Clarity and Revision of Key Subjects

December 2024: Midway Assessment and Tackling Case Studies

January-February 2025: Intensive Practice and Strengthening Weak Areas

March 2025: Comprehensive Revision and Mock Exams

April 2025: Final Preparation and Exam Strategy

FAQ Section for CA Final Exam 2025:

How can I manage time effectively during the exam?

How important is it to stay updated with amendments in Law and Taxation?

Should I focus more on practical or theory papers?

August 2024: Getting Started – Understanding the Syllabus and Setting Goals

Before diving into the detailed preparation, spend the initial month understanding the syllabus, reviewing previous exam papers, and setting clear goals. Begin by breaking down each paper of the CA Final into its core topics and estimating how much time you’ll need for each.

Actionable Steps:

Download the CA Final May 2025 syllabus from the ICAI website.

Identify core and high-scoring topics for each subject.

Set monthly and weekly goals for syllabus completion.

Prioritize the subjects you’re less confident about for early preparation.

September-October 2024: Building the Foundation – First Round of Study

Once you’ve understood the syllabus and set your goals, it’s time to start with the first round of study. This phase focuses on building a strong foundation by going through the basics of each subject. Avoid jumping to advanced questions right away. Instead, focus on understanding the concepts thoroughly.

Actionable Steps:

Start with 2-3 subjects, dedicating more time to theory-heavy papers like Financial Reporting (FR) and Law in these initial months.

Allocate 3-4 hours daily for self-study and gradually increase this as the months progress.

Make concise notes as you go along for easier revision in the later stages.

Focus on ICAI study material and RTPs (Revision Test Papers) for a solid understanding.

Key Subjects to Focus On:

Financial Reporting (FR): Begin with accounting standards and work on advanced problems related to consolidation and valuation.

Corporate & Economic Laws: Start with corporate laws and build a deep understanding of the legal framework.

November 2024: Conceptual Clarity and Revision of Key Subjects

November is when you should aim to complete the first round of study for 4 subjects. By this time, you’ll have a good grasp of the key concepts. This month should focus on revising the subjects you’ve already studied while starting new ones.

Actionable Steps:

Revise the subjects you’ve already covered and take notes on areas you find difficult.

Begin with new subjects such as Strategic Financial Management (SFM) and Direct Tax Laws (DTL).

Practice problems regularly, especially for practical subjects like SFM.

Take small mock tests at the end of each week to evaluate your understanding of key concepts.

Key Subjects to Focus On:

Strategic Financial Management (SFM): Focus on derivatives, foreign exchange, and portfolio management.

Direct Tax Laws (DTL): Dedicate time to understanding complex tax provisions, DTAA (Double Tax Avoidance Agreement), and case laws.

December 2024: Midway Assessment and Tackling Case Studies

December is crucial as it marks the halfway point in your preparation. Use this time to assess your progress, tackle case studies, and begin practicing writing answers under exam-like conditions.

Actionable Steps:

Analyze your performance in the subjects you’ve studied so far and identify weak areas.

Dedicate more time to solving case studies in practical subjects like SFM and FR.

Begin working on advanced topics in subjects like Indirect Tax Laws (ITL) and Audit.

Focus on writing full-length answers to gain proficiency in managing time during exams.

Key Subjects to Focus On:

Indirect Tax Laws (ITL): Start with the GST framework and cover advanced topics like customs law.

Audit: Focus on audit planning, risk assessment, and audit reports.

January-February 2025: Intensive Practice and Strengthening Weak Areas

By now, you should have completed a significant portion of the syllabus. The focus in these two months should be on intensive practice, solving past papers, and working on areas where you feel less confident.

Actionable Steps:

Solve past CA Final papers from the last five years for each subject.

Take full-length mock tests under timed conditions to simulate the real exam environment.

Revise high-weightage topics and continue practicing case studies.

Use Success Edge Academy’s mock tests to get a realistic idea of how you’d perform on exam day.

Key Subjects to Focus On:

Elective Papers (Risk Management, Financial Services, and Capital Markets): Focus on practical problems and case laws.

Revision of DTL and ITL: Continue with amendments and updates for both Direct and Indirect Tax Laws.

March 2025: Comprehensive Revision and Mock Exams

March should be entirely dedicated to revision and mock tests. At this point, you should have covered the entire syllabus at least once. The objective now is to refine your understanding and work on exam strategy.

Actionable Steps:

Take weekly full-length mock tests for each subject, including theory papers like Law and Audit.

Revise your notes regularly and focus on frequently asked questions in previous exams.

Prioritize time management in mock tests to improve your speed and accuracy.

Schedule a meeting with faculty or mentors from Success Edge Academy to review your performance and get personalized feedback.

Key Subjects to Focus On:

Entire syllabus: Focus on frequent revision of all subjects.

April 2025: Final Preparation and Exam Strategy

April is the final leg of your preparation. By now, you should be thoroughly revising all subjects and taking the final set of mock tests.

Actionable Steps:

Revise your short notes and go over areas that are frequently tested.

Stay updated on amendments in Law and Taxation and focus on any last-minute updates from ICAI.

Continue with mock tests but avoid taking any new information after mid-April.

Focus on relaxation techniques like yoga or meditation to keep stress in check.

Exam Day Tips:

Ensure you get a good night’s sleep before the exam.

Read each question carefully and manage your time well.

Stick to the strategy you practiced during mock exams.

#ca final #ca intermedite #ca coaching in bangalore #ca classes #ca coaching #cs coaching classes

0 notes

caintermediatebook2 · 1 year ago

Text

Navigating the New Scheme for Education and Training in CA Final Course

It's important to stay updated with resources and educational programs in the continuously changing rule of chartered accountancy (CA). The updated syllabus brought forth by the New Scheme for Education and Training aims to equip aspiring chartered accountants for the evolving demands of the business. In this blog post, we'll go over the key components of the new strategy, discuss recommended reading lists, and provide tips on how to perform well on the CA Entrance Exam.

Understanding the New Scheme for Education and Training

The New Scheme for Education and Training in CA represents a strategic shift towards a more practical and application-oriented approach. It emphasizes real-world scenarios, case studies, and hands-on learning to prepare candidates for the complexities of modern accounting and finance practices. The scheme comprises three levels: Foundation, Intermediate, and Final.

Navigating the CA Entrance Exam Successfully

The CA Entrance Exam serves as the gateway to the profession, assessing candidates' aptitude and readiness to pursue the CA course. Here are some tips for navigating the entrance exam successfully:

Understand the Exam Pattern: Familiarize yourself with the format and structure of the entrance exam, including the number of questions, duration, and marking scheme.

Create a Study Plan: Develop a structured study plan that allocates sufficient time for each subject. Prioritize areas of weakness while ensuring comprehensive coverage of all topics.

Practice Regularly: Regular practice is key to mastering the concepts tested in the entrance exam. Solve sample papers, attempt mock tests, and utilize CA Entrance Exam books to enhance your preparation.

Seek Guidance: Don't hesitate to seek guidance from experienced mentors, tutors, or fellow aspirants. Joining a coaching institute or online study group can provide valuable insights and support.

Stay Updated: Stay informed about any modifications or revisions to the ICAI's syllabus or test design. For the most recent information, subscribe to relevant publications or internet forums for discussion.

Latest Updates on ICAI New Scheme

The Institute of Chartered Accountants of India (ICAI) has released the updated syllabus for the CA Final course, applicable from May 2024. This new syllabus, under the new scheme of education and training, aims to better equip aspiring Chartered Accountants with the skills and knowledge needed in the dynamic field of accounting and finance.

Overview of the New CA Final Syllabus

The updated syllabus for the CA Final course consists of six papers, streamlined from the previous eight. This change aims to focus on core areas and eliminate redundancy. Each paper is designed to cover a comprehensive range of topics essential for the professional competence of future CAs.

Group I

Paper1:FinancialReporting

Focuses on Indian Accounting Standards (Ind AS), group financial statements, and financial instruments.

Key topics include Business Combinations, Consolidation, and Ind AS specific requirements.

Paper2:Advanced Financial Management

Covers strategic financial management, risk management, security valuation, and portfolio management.

Includes topics like derivatives, foreign exchange exposure, and mergers and acquisitions.

Paper3:Advanced Auditing and Professional Ethics

Deals with comprehensive direct tax laws including recent amendments and international taxation principles.

Topics include transfer pricing, BEPS, tax treaties, and taxation of digital transactions.

Group II

Paper4:Direct Tax Laws & International Taxation

Deals with comprehensive direct tax laws including recent amendments and international taxation principles.

Topics include transfer pricing, BEPS, tax treaties, and taxation of digital transactions.

Paper5:Indirect Tax Laws

Focuses on GST and Customs Law.

Key areas include supply, charge of GST, input tax credit, and procedures for import and export under GST.

Paper6:Integrated Business Solutions

A multi-disciplinary case study paper that includes strategic management and business solutions.

This paper requires the application of knowledge from all other subjects in practical scenarios.

Recommended Study Materials for CA Final Exam

Preparing for the CA Final examination requires access to high-quality study materials that cover the entire syllabus comprehensively. Here are some recommended resources

CA Final Books: A curated selection of textbooks authored by renowned experts in the field. These books provide in-depth coverage of each subject and serve as essential reference materials for exam preparation.

Scanner CA Final Books: Scanners are invaluable tools for CA aspirants, offering a collection of past exam questions categorized topic-wise. Practicing with scanners helps candidates familiarize themselves with the exam pattern and refine their problem-solving skills.

Study Material for CA Final Books: The Institute of Chartered Accountants of India (ICAI) provides official study materials for CA Final aspirants. These materials are meticulously crafted to align with the exam syllabus and often include case studies, illustrations, and practice questions to aid comprehension.

CA Entrance Exam Books: For candidates preparing for the CA entrance exam, a comprehensive guidebook covering mathematics, logical reasoning, and General Awareness is essential. These books help build a strong foundation in the subjects tested, ensuring thorough preparation and enhancing the chances of success in the exam.

Conclusion

The New Scheme for Education and Training in CA provides a modern way to prepare future Chartered Accountants for their professional challenges. By using the recommended study materials and effective study strategies, students can confidently and ability to navigate their CA journey. With hard work and dedication to success in the CA Entrance Exam and beyond is achievable.

#ca entrance exam #scanner for ca intermediate books #books for ca exam #ca entrance exam books #study material for ca #ca intermediate books #ca foundation books #ca final books

0 notes

blogs0 · 1 year ago

Text

Get Ahead on the CA Final IDT Exam with These Insider Tips and Strategies!

Introduction to CA Final IDT

The Chartered Accountancy (CA) journey in India reaches its pinnacle with the CA Final, the last and most challenging phase. The CA Final Indirect Tax (IDT) exam stands out as a significant hurdle in this prestigious qualification process. Taking place twice a year in May and November, this examination demands meticulous preparation and strategic planning for success.

Syllabus Overview

The CA Final IDT paper, classified into three key sections, plays a pivotal role in shaping a candidate’s success:

Central Excise

Rules, Circulars, and Notifications related to the Central Excise Act of 1944 and the Central Excise Tariff Act of 1985.

Service Tax

In-depth exploration of the Service Tax framework.

GST (Goods and Services Tax)

Detailed coverage of GST, encompassing the levy and collection of CGST and IGST, concept of supply, place of supply, time and value of supply, input tax credit, and more.

Study Material for CA Final IDT

Effective preparation for the CA Final IDT exam begins with the right study material. The Institute of Chartered Accountants of India (ICAI) provides comprehensive study material, covering all essential chapters and units. This official material can be complemented with additional course books and online resources for a holistic understanding.

CA Final IDT Study Material:

Module-wise breakdown including chapters like Supply Under GST, Charge Of GST, Place of Supply, Exemptions from GST, Time of Supply, and more.

Vsmart Academy offers valuable notes and techniques for effective preparation.

Previous Year Exam Papers

Practicing with previous year exam papers is a strategic approach to excel in the CA Final IDT exam. This practice provides insights into the exam pattern, question formats, and the level of difficulty. Here are essential resources for candidates:

CA Final IDT Question Papers with Suggested Answers 2024:

Access to previous year’s question papers for May 2022, December 2021, July 2021, and January 2021.

CA Final IDT Paper Mock Test Papers 2024:

Utilize revised mock test papers for Series I and Series II to gauge your preparation level and enhance performance.

CA Final IDT Paper 2024 Weightage - Chapter Wise for New Course

Sections

Part I – GST (75 Marks)

Weightage

Section IChapter 1: Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-state supply, intra-state supply, supplies in territorial waters; Charge of tax (including reverse charge); Exemption from tax; Composition levy45%-65%Section IIChapter 1(vii): Procedures under GST including registration, tax invoice, credit and debit notes, electronic waybill, accounts and records, returns, payment of tax including tax deduction at source and tax collection at source, refund, job work Chapter 1(viii): Liability to pay in certain cases<10%-30%Section IIIChapter 1(xi): Demand and Recovery Chapter 1(xii): Offences and Penalties Chapter 1(xiii): Advance Ruling Chapter 1(xiv): Appeals and Revision10%-25%Section IVChapter 1: Introduction to GST in India including Constitutional Aspects Chapter 1(ix): Administration of GST; Assessment and Audit Chapter 1(x): Inspection, Search, Seizure, and Arrest Chapter 1(xv): Other Provisions5% -10%

Sections

Part II – Customs and FTP (25 Marks)

Weightage

Section IChapter 1(ii): Levy of and exemptions from customs duties – All provisions including the application of customs law, taxable the event, a charge of customs duty, exceptions to levy of customs duty, exemption from customs duty Chapter 1(iii): Types of customs duties Chapter 1(iv): Classification of imported and export goods Chapter 1(iv): Valuation of imported and export goods40% -65%Section IIChapter 1(vi): Import and Export Procedures including special procedures relating to baggage, goods imported or exported by post, stores Chapter 1(ix): Drawback Chapter 1(x): Refund Foreign Trade Policy Chapter 2(ii): Basic concepts relating to export promotion schemes provided under FTP20% – 45%Section IIIChapter 1(1): Introduction to customs law including Constitutional aspects Foreign Trade Policy Chapter 2(1): Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions Chapter 2(i): Basic concepts relating to import and export10% – 20%

Preparation Tips for CA Final IDT

Paper Pattern:

Understand the subjective nature of the paper.

Total questions: 100

Exam duration: 3 hours

Maximum marks: 100

Answering 5 out of 6 questions.

Must Read – https://www.vsmartacademy.com/blog/preparation-strategy-to-score-good-marks-in-ca-final-idt/

Assessment Pattern Ratio:

30:70 ratio for analytical skills, comprehensive knowledge, and reporting efficiency.

Verb Usage:

Follow ICAI’s list of verbs with illustrations, such as recommend, evaluate, advice, produce, prioritize, interpret, discuss, and more.

Weightage Allocation:

Chapter-wise weightage for GST, Customs, and FTP to prioritize preparation effectively.

Revision Techniques:

Regular revisions of important chapters.

Utilize ICAI’s recommended reference for quick revision.

Sample questions for the 30:70 assessment to enhance learning.

Conclusion

In conclusion, success in the CA Final IDT exam requires a strategic and comprehensive approach. By understanding the syllabus, utilizing study materials effectively, practicing with previous year’s papers, and following the recommended preparation tips, candidates can position themselves for success in this challenging examination.

#ca final #ca final idt

0 notes

cafoundationbook · 1 year ago

Text

CA Intermediate New Syllabus 2024

Updated by ICAI

The Institute of Chartered Accountants of India (ICAI) is ushering in a new era for CA Intermediate aspirants with the introduction of an updated syllabus, set to roll out on July 1, 2023. The maiden voyage for this revamped curriculum will be the CA Intermediate 2023 exam, scheduled for May 2024. To navigate these changes seamlessly, aspiring Chartered Accountants must remain well-versed and attuned to the transformation. It's worth noting that, under the existing syllabus, the final exam is slated for November 2023.

Key Transition: CA Intermediate New Syllabus 2024

The impending alterations demand meticulous attention from students, urging them to delve into the intricacies of the CA Intermediate New Syllabus 2024. This proactive approach is vital as examinations from the upcoming year onward will strictly adhere to this refreshed curriculum. Let's delve into the essential aspects of the new syllabus and how candidates can gear up for success.

CA Intermediate New Syllabus 2024 Papers

The CA Intermediate New Syllabus 2024 has 6 main subjects. Students can take the help of some of the best CA Intermediate Books to qualify their CA Intermediate Exam. Here’s a simple breakdown of each one for a better understanding of the students:

CA Intermediate New Syllabus 2024

S. No

Paper Name

Marks

Advanced Accounting

100 Marks

Corporate And Other Laws

Part I: Company Law And Limited Liability Partnership Law

Part Ii: Other Laws

100 Marks

Part I: 70 Marks

Part II: 30 Marks

Taxation

Section A: Income Tax Law

Section B: Goods and Services Tax

100 Marks

Section A: 50 Marks

Section B: 50 Marks

Cost and Management Accounting

100 Marks

Auditing and Ethics

100 Marks

Financial Management And

Strategic Management

Section A: Financial Management

Section B: Strategic Management

100 Marks

50 Marks

CA Intermediate New Syllabus 2024 Paper 1: Advanced Accounting

The section of the CA Intermediate New Syllabus 2024 emphasizes the practical application of accounting principles in real-world business scenarios. It involves the preparation of financial statements, incorporating Indian Accounting Standards that closely resemble International Financial Reporting Standards (IFRS). Additionally, the curriculum addresses the convergence with or adoption of IFRS, along with the framework for the preparation of financial statements.

CA Intermediate New Syllabus 2024: Advanced Accounting

Topics

Sub Topics

Application of Accounting Standards

AS1 Disclosure of Accounting Policies

AS2 Valuation of Inventories

AS3 Cash Flow Statements

AS4 Contingencies and Events Occurring After the Balance Sheet Date

AS5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS6 Construction Contracts

AS7 Revenue Recognition

AS8 Property, Plant and Equipment

AS9 The Effects of Changes in Foreign Exchange Rates

AS10 Accounting for Government Grants

AS11 Accounting for Investments

AS12 Accounting for Amalgamations (excluding inter-company holdings)

AS13 Employee Benefits

AS14 Borrowing Costs

AS15 Segment Reporting

AS16 Related Party Disclosures

AS17 Leases Earnings Per Share

AS18 Consolidated Financial Statements of single subsidiaries (excluding problems involving acquisition of Interest in Subsidiary at Different Dates, Cross holding, Disposal of a Subsidiary and Foreign Subsidiaries)

AS19 Accounting for Taxes on Income

AS20 Accounting for Investment in Associates in Consolidated Financial Statements

AS21 Discontinuing Operations

AS22 Interim Financial Reporting

AS23 Intangible Assets

AS24 Financial Reporting of Interests in Joint Ventures

AS25 Impairment of Assets

AS26 Provisions, Contingent Liabilities, and Contingent Assets

Company Accounts

Schedule III to the Companies Act, 2013 (Division I)

Preparation of financial statements – Statement of Profit and Loss, Balance Sheet, and Cash Flow Statement

Buyback of securities

Accounting for the reconstruction of companies

Accounting for Branches, including foreign branches.

CA Intermediate New Syllabus 2024 Paper 2: Corporate and Other Laws

The aim of this segment within the CA Intermediate New Syllabus 2024 is to comprehend legal statutes and their practical applications. It entails gaining insights into legal frameworks and their pragmatic utilization.

Key Learning Objectives:

Comprehend the principles and applications of the General Clauses Act.

Acquire familiarity with the statutory interpretation rules crucial for legal practice.

Develop foundational knowledge of the Foreign Exchange Management Act of 1999, particularly its provisions concerning foreign exchange and financial transactions.

CA Intermediate New Syllabus 2024: Corporate and Other Laws

Topics

Sub Topics

Part 1: COMPANY LAW AND LIMITED LIABILITY PARTNERSHIP LAW

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 and Administration, Declaration and Payment of Dividend, Accounts of Companies, Audit and Auditors, Companies Incorporated Outside India

The Limited Liability Partnership Act, 2008 including important Rules

PART 2: OTHER LAWS

The General Clauses Act, 1897

Important Definitions, Extent and Applicability, General Rules of Construction, Powers and Functionaries, Provisions as to Orders, Rules, etc. made under Enactments and

Miscellaneous provisions

Interpretation of Statutes

Rules of Interpretation of Statutes, Aids to Interpretation, Rules of Interpretation/Construction of Deeds and Documents

The Foreign Exchange Management Act, 1999

Significant definitions and concepts of Current and

Capital Account Transactions

CA Intermediate New Syllabus 2024 Paper 3: Taxation

The goal is to comprehend income tax regulations and employ them in practical scenarios, alongside grasping the fundamentals of the goods and services tax for addressing complex situations effectively.

CA Intermediate New Syllabus 2024: Taxation

Topics

Sub Topics

Section A: Income Tax Laws

Basic Concepts

Income-tax law: An introduction

Significant concepts in income-tax law, including person, assessee, previous year, assessment year, income, agricultural income

Basis of Charge

Procedure for computation of total income and tax payable in case of individuals

Residential status and scope of total income

Residential status

Scope of total income

Heads of income and the provisions governing computation of income under different heads

Salaries

Income from house property

Profits and gains of business or profession

Capital gains

Income from other sources

Provisions relating to clubbing of income, set-off or carry forward and set-off of losses, deductions from gross total income

Advance Tax, Tax deduction at source and tax collection at source

Provisions for filing return of income and self-assessment

Computation of total income and income-tax payable by an individual under the alternative tax regimes under the Income-tax Act, 1961 to optimise tax liability

Section B: Goods And Services Tax (GST)

Objective:

To develop an understanding of the provisions of goods and services tax law.

To acquire the ability to apply such provisions to address/ solve issues in moderately complex scenarios.

GST Laws: An introduction including Constitutional aspects

Levy and collection of CGST and IGST

Application of CGST/IGST law

Concept of supply including composite and mixed supplies

Charge of tax including reverse charge

Exemption from tax Composition levy

Basic Concepts

Classification

Place of supply

Time of supply

Value of supply

Input tax credit

Computation of GST liability

Registration

Tax invoice; Credit and Debit Notes; Electronic way bill

Accounts and Records

Returns

Payment of tax

CA Intermediate New Syllabus 2024 Paper 4: Cost and Management Accounting

To grasp the fundamental concepts and use them to calculate the costs of making products and offering services, and then use this information to set prices.

To understand cost accounting statements.

To apply this knowledge for determining costs, planning, control, and decision-making, and use various methods to calculate costs for different purposes.

To employ suitable techniques for making short-term decisions.

CA Intermediate New Syllabus 2024: Cost and Management Accounting

Topics

Sub Topics

Paper 4: Cost and Management Accounting

Overview of Cost and Management Accounting:

Introduction to Cost and Management Accounting

Objectives and Scope of Cost and Management Accounting.

The users of Cost and Management accounting information, Functions of management

Accounting.

Role of the cost accounting department in an organization and its relation with other departments.

Installation of Costing System.

Relationship of Cost Accounting, Financial Accounting, Management Accounting and

Financial Management.

Cost terms and Concepts.

Cost Reduction and Cost Control

Elements of Costs.

Cost behavior pattern, Separating the components of fixed, variable, semi-variable, and step costs.

Methods of Costing, Techniques of Costing.

Digital Costing

Elements of Cost and Preparation of Cost Sheets

Functional classification and ascertainment of cost.

Preparation of Cost Sheets for the Manufacturing sector and for the Service sector.

Ascertainment of Cost and Cost Accounting System

Material Cost

Introduction to procurement procedures. Valuation of receipts, issue and closing stock of Material, Stock verification.

Material requirement analysis through digital costing including Government e-Marketplace (GeM). Introduction to Costing through Enterprise Resource Planning (ERP). Process of tender and quotation.

Inventory control:

Techniques of fixing the level of stocks- minimum, maximum, reorder point, safety stock, determination of the optimum stock level

Determination of Optimum Order Quantity- Economic Order Quantity (EOQ)

Techniques of Inventory control- ABC Analysis, Fast, Slow moving and Non-moving (FSN), High, Medium, Low (HML), Vital, Essential, Desirable (VED), Just-in-Time (JIT)- Stock taking and perpetual inventory system, use of inventory control ratios, Digital Inventory control.

Treatment of Normal/Abnormal Losses w.r.t. waste, scrap, spoilage, defective, obsolescence.

Employee Cost

Introduction to Attendance and Payroll procedures.

Elements of wages- Basic pay, Dearness Allowance, Overtime, Bonus, Holiday and leave

wages, Allowances, and perquisites

Employee Cost Control

Employee Turnover- Methods of calculating employee turnover, causes of employee turnover, effects of employee turnover

Remuneration systems and incentive schemes- Premium Bonus Method (Halsey Plan and Rowan Plan

Direct Expenses

Identification of direct expenses with the main product or service and its treatment

Overheads

Functional analysis- Factory, Administration, Selling, Distribution, Research and Development.

Behavioral analysis- Fixed, Variable and Semi-Variable.

Allocation and Apportionment of overheads using the Absorption Costing Method.

Factory Overheads- Primary and secondary distribution.

Administration Overheads- Method of allocation to cost centers or products.

Selling & Distribution Overheads- Analysis and absorption of the expenses in products/customers, the impact of marketing strategies, and the cost-effectiveness of various methods of sales promotion.

Treatment of Research and development cost in cost accounting

Concepts of Activity-Based Costing (ABC)

Integration of Cost and Financial Data

Recording of financial data and its segregation.

Introduction to Non-integrated and Integrated Accounting Systems.

Items included in cost accounts only but financial accounts and vice versa.

Reconciliation of profit as per Cost and Financial Accounts (under Non-Integrated Accounting System)

Methods of Costing

Single Output/ Unit Costing

Job Costing

Job cost cards and databases, collecting direct costs of each job, attributing overheads to jobs, Application of job costing.

Batch Costing

Determination of optimum batch quantity, Ascertainment of cost for a batch, Preparation of

batch cost sheet, Treatment of spoiled and defective work

Process/Operation Costing

Process cost recording, Process loss, Abnormal gains and losses, Equivalent units of

production, Inter-process profit, and Valuation of work in process.

Joint Products-Apportionment of joint costs, Methods of apportioning joint cost over joint Products.

By-Products-Methods of apportioning joint costs over by-products, treatment of By-Product cost

Costing of Service Sectors

Determination of Costs and Prices of services

Standard Costing

Setting up Standards, Types of Standards, and Standard Costing as a method of performance Measurement.

Calculation and Reconciliation of Material Cost, Labour cost, Variable Overhead, Fixed Overhead.

Cost Control and Analysis

Marginal Costing

Basic concepts of marginal costing, Contribution margin, Break-even analysis, Break–even and profit volume charts, Contribution to sales ratio, Margin of Safety, Angle of Incidence,

Cost-Volume-Profit Analysis (CVP).

Determination of Cost of a product/ service under marginal costing method, determination of

cost of finished goods, work-in-progress.

Comparison of Marginal costing with absorption costing method- Reconciliation of profit under both methods.

Short-term decision-making:

Make or buy decision

Discontinuation decision

Multiproduct break-even analysis

Limiting factor (key factor)

Budget and Budgetary Control

Meaning of Budget, Essentials of Budget, Budget Manual, Budget setting process, Preparation of Budget and monitoring procedures.

The use of budget in planning and control.

Flexible budget, Preparation of Functional budget for operating and non-operating functions

Cash budget, Master budget.

Introduction to Principal/ Key budget factor Zero Based Budgeting (ZBB), Performance budget, Control ratios, and Budget variances.

Budgets and motivation.

Feedback and Feedforward controlling in budgeting

CA Intermediate New Syllabus 2024 Paper 5: Auditing and Ethics

The CA Intermediate New Syllabus 2024 for auditing aims to teach you auditing concepts, techniques, and ethical principles.

CA Intermediate New Syllabus 2024: Auditing and Ethics

Topics

Sub Topics

Nature, Objective, and Scope of Audit

Auditing Concepts:

Origin of Auditing,

Meaning of Audit,

Need for Audit (Benefits of Audit), Objective of the Audit, Scope of Audit, External Audit engagements,

Qualities of Auditor

Inherent Limitations of an Audit; Relationship of auditing with other disciplines.

(SA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing)

Audit Strategy, Audit Planning and Audit Program:

The auditor’s responsibility to plan an audit of financial statements. Benefits of audit planning.

Planning is a continual and iterative process.

Discussion of elements of planning with the entity’s management.

Involvement of Key Engagement Team Members in planning the audit. Preliminary engagement activities.

The auditor’s consideration of client continuance and ethical requirements. Planning activities.

Establishing an overall audit strategy- Assistance for the auditor. Development of audit plan.

Documenting the overall audit strategy and audit plan; Audit program.

Development of Audit Plan and Program

Risk Assessment and Internal Control:

Audit Risk.

Risk of Material Misstatement, Inherent Risk and Control Risk, and Detection Risk.

Sampling and Non-Sampling Risk.

Concept of Materiality, Materiality in Planning and Performing an Audit.

The auditor’s responsibility to apply the concept of materiality.

An auditor’s determination of materiality is a matter of professional judgment. Materiality and Audit

Risk.

Application of materiality in planning and performing the audit. Concept of Performance Materiality.

Determining materiality and performance materiality when planning the audit.

Use of Benchmarks in determining materiality for the financial statements as a whole. Materiality level or levels for particular classes of transactions, account balances, or disclosures.

Revision in materiality as the audit progresses. Documenting the Materiality.

(SA 320 Materiality in Planning and Performing an Audit).

Identifying and Assessing the Risk of Material Misstatement, Risk Assessment procedures.

Understanding the entity and its environment; Internal control.

Documenting the Risks.

Evaluation of internal control system.

Testing of Internal control; Internal Control and IT Environment (SA 315 Identifying and Assessing the

Risks of Material Misstatement Through Understanding the Entity and Its Environment).

Digital Audit

Key features

Impact of IT-related Risks

Impact on Controls

Internal Financial Controls as per Regulatory requirements

Types of Controls

Audit approach

Understanding and documenting Automated environment

Testing methods, data analytics for audit, assessing and reporting audit findings.

Audit Evidence

Meaning of Audit Evidence.

Relevance and Reliability of Audit Evidence

Sufficient appropriate audit evidence

Meaning of Assertions

Assertions contained in the Financial Statements. Source of audit evidence

Test of controls

Substantive Procedures- Test of details and Substantive analytical procedures, Audit procedures for obtaining audit evidence.

Evaluation of Audit Evidence (SA 500 Audit Evidence), Audit Trail

(Using the work of Internal Auditors – SA 610)

Internal audit function.

External Auditor’s Responsibility for the audit, Evaluating the internal audit function.

Basics of Internal Financial Control and reporting requirements. The distinction between Internal Financial Control and Internal Control over Financial Reporting.

Audit Sampling: (SA 530 Audit Sampling). Meaning of Audit Sampling.

Designing an audit sample; Types of sampling (Approaches to Sampling).

Sample Size and selection of items for testing; Sample selection method.

Obtaining evidence of the existence of inventory; Audit procedure to identify litigation & claims.

Obtaining evidence regarding the presentation and disclosure of segment information

(SA 501 Audit Evidence – Specific Considerations for Selected Items)

External confirmation procedures.

Management’s refusal to allow the auditor to send a confirmation request; Negative Confirmations (SA 505 External Confirmations); Audit evidence about opening balances; Accounting policies relating to opening balances; Reporting with regard to opening balances (SA 510 Initial Audit Engagements-Opening Balances)

Meaning of Related Party; Nature of Related Party Relationships & Transactions; Understanding the Entity’s Related Party Relationships & Transactions (SA 550 Related Parties)

Analytical Procedures.

Meaning, nature, purpose, and timing of analytical procedures; Substantive analytical procedures.

Designing and performing analytical procedures prior to Audit.

Investigating the results of analytical procedures (SA 520 Analytical Procedures)

Audit of Items of Financial Statements

Audit of sale of Products and Services; Audit of Interest Income, Rental Income, Dividend Income, Net gain/loss on sale of Investments, etc.

Audit of Purchases, Employee benefits expenses, Depreciation, Interest expense, Expenditure on Power and fuel, Rent, Repair to building, Repair to Machinery, Insurance, Taxes, Travelling Expenses, Miscellaneous Expenses, etc.

Audit of Share Capital, Reserve and surplus, Long-term Term Borrowings, Trade Payables, Provisions, Short-term Term Borrowings, and other Current Liabilities.

Audit of Land, Buildings, Plant and equipment, Furniture and fixtures, Vehicles, office equipment, Goodwill, Brand/Trademarks, Computer Software, etc.

Audit of Loans and advances, Trade Receivable, Inventories, Cash and cash Equivalent, and Other Current Assets. Audit of Contingent Liabilities. (The list of items is illustrative only.)

Audit Documentation

Concept of Audit Documentation

Nature & Purpose of Audit Documentation; Form, Content & Extent of Audit Documentation. Completion Memorandum.

Ownership and custody of Audit Documentation (SA 230 Audit Documentation).

Completion and Review

Meaning of Subsequent Events;

Auditors’ obligations in different situations of subsequent events.

Procedures for subsequent events. (SA 560 Subsequent Events).

Responsibilities of the Auditor with regard to Going Concern Assumption; Objectives of the Auditor

regarding Going Concern.

Events or Conditions that may cast doubt about the Going Concern Assumption.

Audit Procedures when events or conditions are identified (SA 570 Going Concern). Overview and

Introduction of Evaluations of Misstatements identified during the audit (SA 450).

Written Representations as Audit Evidence.

Objective of Auditor regarding Written Representation.

Management from whom Written Representations may be requested.

Audit Report

Forming an opinion on the Financial Statements.

Auditor’s Report- basic elements (SA 700 Forming an Opinion and Reporting on Financial Statements).

Communicating key Audit Matters in the Independent Auditor’s Report (SA 701) Types of Modified Opinion, Circumstances When a Modification to the Auditor’s Opinion is Required, Qualified, Adverse Disclaimer of Opinion (SA 705 Modification to the Opinion in the Independent Auditor’s Report).

SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report.

Nature of Comparative Information.

Corresponding Figure; Comparative Financial Statements (SA 710 Comparative Information – Corresponding Figures and Comparative Financial Statements).

Branch audit; Joint audit; Reporting requirements under the Companies Act, 2013, including CARO

Special Features of Audit of Different Types of Entities

Appointment of Auditor,

Audit Procedure and Audit Report in respect of different Category of Entities

Government; Local bodies; Not-for-profit organizations; Trust and Societies, Partnership Firms

Audit of different types of undertakings, i.e., Educational Institutions, Hotels, Clubs, Hospitals, etc.

Basics of Limited Liability Partnerships (LLPs) Audit and Co-operative Societies Audit.

Audit of Banks

Understanding of accounting systems in Banks

Audit Approach

Audit of Revenue items,

Special Consideration in Bank Audit with emphasis on Advances and NPAs

Ethics and Terms of Audit Engagements

Meaning of Ethics. – Ethics is a State of Mind, Need for Professional Ethics.

Principles-based approach v Rules-based approach (Ethical or Legal).

The fundamental principles of Professional Ethics: Integrity;

Objectivity; Professional Competence and Due care; Confidentiality; Professional Behaviour.

Independence of Auditors.

Threats to Independence: Self-interest threats, Self Review threats, Advocacy threats, Familiarity threats, Intimidation threats.

Safeguards to Independence; Professional Scepticism, Terms of Audit Engagements Preconditions for an audit; Audit Engagement

Agreement on Audit Engagement Terms

Terms of Engagement in Recurring Audits (SA 210 Agreeing the Terms of Audit Engagements)

Overview and Introduction of SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Services Engagements

Overview and Introduction of SA 220 – Quality Control for an Audit of Financial Statements).

CA Intermediate New Syllabus 2024 Paper 6: Financial Management and Strategic Management

CA Intermediate New Syllabus 2024's Financial Management module instructs on money management, wise financial decisions, and working capital management.

CA Intermediate New Syllabus 2024: Financial Management and Strategic Management

Topics

Sub Topics

SECTION A: FINANCIAL MANAGEMENT

Financial Management and Financial Analysis

Introduction to Financial Management Function

Objective and scope of financial management

Profit Maximisation, Wealth Maximisation and Value Creation

Role of Financial Manager and Financial Controller

Financial management environment

Functions of finance executives in an organization

Financial distress and insolvency

Financial Analysis through Ratios

Users of financial analysis.

Sources of financial data for analysis.

Calculation and Interpretation of ratios.

Limitations of ratio analysis

Financing Decisions and Cost of Capital

Sources of Finance

Different Sources of Finance, Characteristics of different types of long-term debt and equity

finance, Method of raising long-term finance.

Different Sources of Short-term Finance.

Contemporary sources of funding- P2P lending, Equity funding, Crowdfunding, Start-up funding, etc.

Internal funds as a source of finance.

International sources of finance

Other sources of finance- Lease Financing, Sale and leaseback, Convertible debt, Venture capital, Grants, etc.

Cost of Capital

Significance of cost of capital

Factors of cost of capital

Measurement of costs of individual components of capital

Weighted average cost of capital (WACC)

The marginal cost of capital.

Capital Structure Decisions

Significance of capital structure

Determinants of capital structure

Capital structure planning and designing

Designing of optimum capital structure.

Theories of Capital Structure and Value of the firm-relevancy and Irrelevancy of Capital Structure

EBIT- EPS Analysis, Breakeven- EBIT Analysis.

Under/ Over Capitalisation

Leverages

Types of Leverages- Operating,

Financial and Combined. Analysis of leverages.

Capital Investment and Dividend Decisions:

Capital Investment Decisions:

The objective of capital investment decisions

Methods of Investment Appraisal

Payback period, Discounted payback period.

Accounting Rate of Return (ARR).

Net Present Value (NPV) – The meaning of NPV, Strengths, and limitations of NPV method, The working capital adjustment in NPV analysis, Capital rationing, and Equivalent Annual Costs.

Internal Rate of Return (IRR)- Limitations of the IRR method, Multiple IRRs.

Modified Internal Rate of Return (MIRR)- Definition and explanation of MIRR, Process for calculating MIRR, Strengths of the MIRR approach. – Profitability Index

Dividend Decisions

Basics of Dividends.

Cash dividend, stock dividend/ bonus share, stock splits, share buyback.

Determinants of dividend.

Relevancy and Irrelevancy of Dividend Policies- Traditional Approach, Walter’s model, Gordon’s model, Modigliani and Miller (MM) Hypothesis

Management of Working Capital:

The management of working capital- Liquidity and Profitability.

The Working capital financing decisions- Primary and Secondary Sources of Liquidity.

The Working Capital Cycle (Operating Cycle) is the effectiveness of Working Capital based on its operating and cash conversion cycles.

Assessment of working capital requirement.

Management of Accounts Receivables (Debtors).

Factoring and Forfaiting.

Credit Management:

– Credit granting.

– Monitoring accounts receivables.

– Debt collection.

Management of Accounts Payables (Creditors). Management of Cash and treasury management.

Banking norms of working capital finance

SECTION B: STRATEGIC MANAGEMENT (50 MARKS)

Introduction to Strategic Management

Meaning and Nature of Strategic Management.

Importance and Limitations of Strategic Management.

Strategic Intent – Vision, Mission, Goals and Values.

Strategic Levels in Organizations (Network, Corporate, Business and Functional)

Strategic Analysis: External Environment

International and Macro Environment: PESTLE

Analysis. Defining the industry for analysis (Value Chain, PLC).

Porter’s Five Forces – Industry environment analysis.

Understanding customers and markets.

Competition in the industry

Strategic Analysis: Internal Environment

Understanding key stakeholders (Mendelow’s Model).

Strategic drivers (Industry & markets, Customers, Channels, Products & Services, Competitive

Advantage).

The role of resources and capabilities.

Combining external and internal analysis (SWOT Analysis).

Gaining competitive advantage (Michael Porter’s Generic Strategies).

Strategic Choices

Strategic Choices: Concentric, Conglomerate, Market Development, Product Development, Innovation, Horizontal integration, vertical integration, Turnaround, Divesture, Liquidation.

How to Develop Strategic Options:

Ansoff’s Matrix

ADL Matrix

BCG Matrix

GE Matrix

Strategy Implementation and Evaluation

Implementation: Formulation vs. Implementation Matrix, Linkages and Issues.

Strategic Change through Digital Transformation.

Organization Structure (hard) and Culture (soft).

Strategic Leadership.

Strategic Control

Strategic Performance Measures

Conclusion

The updated CA Intermediate syllabus for 2024, as released by ICAI, reflects the evolving landscape of the accounting profession. Scanner CA Intermediate Books are the best for students willing to give the CA Intermediate May 2024 exam. It incorporates contemporary topics, aligning with international standards and technological advancements. With a focus on practical skills and holistic development, the revised syllabus aims to equip aspiring chartered accountants with the competencies needed to thrive in a dynamic global market. These changes mark a significant step towards ensuring relevance and excellence in accounting education.

1 note · View note

goodshepheredcaacademy · 1 year ago

Text

New CA Exam Pattern 2024

The CA Exam Pattern for 2024 includes three levels: Foundation, Intermediate, and Final. In each level, there are multiple papers testing subjects such as Accounting, Law, and Audit. The pattern includes objective and subjective questions, with negative markings for incorrect answers in the objective section. Aspiring Chartered Accountants need to stay updated on the specific syllabus and examination guidelines released by the Institute of Chartered Accountants of India (ICAI).

#CA Exam Pattern #CA Exam Pattern 2024 #education #academia

0 notes

johnnyd44 · 1 year ago

Text

How to prepare for the CA Final Exam?

Commerce Buddies offers invaluable insights on preparing for the CA Final Exam. To excel in the challenging CA Final, leverage the latest CA Final New Study Material 2024. Begin your preparation with a comprehensive study plan, focusing on each subject. Utilize mock exams and previous papers to understand the exam pattern. Seek guidance from experienced mentors and consider joining reputable coaching classes.

Stay updated on amendments and changes in the syllabus. Efficient time management is key, so create a realistic timetable. Commerce Buddies recommends exploring top platforms that provide exemplary CA services to enhance your preparation. Trust in their expertise to navigate the complexities of the CA Final, ensuring success in your examination journey.

#CA Final

0 notes

sejal-hbx · 1 year ago

Text

Method of Conversion from CA Old Syllabus to New Syllabus for May 2024 Exams

The Institute of Chartered Accountants of India (ICAI) has introduced the CA New Scheme of Education and Training 2023, bringing significant changes to the CA Course curriculum and practical training duration. This blog provides a comprehensive guide on how to convert from the CA Final Old Syllabus to the New Syllabus READ MORE

#ca old syllabus to new syllabus conversion #old syllabus to new syllabus ca

1 note · View note

ksacademycasblog · 2 years ago

Text

ICAI New Scheme for CA Foundation, Inter and Final New Syllabus 2024

CA Foundation New Syllabus 2024

The ICAI has changed the CA Foundation syllabus 2024 for the upcoming May and November examination terms. You can download the whole curriculum for each subject of the CA Foundation course in PDF format. The revised Scheme of Education and Training for the Chartered Accountancy course will be implemented on July 1, 2023.

CA Intermediate New Syllabus 2024

On July 1, 2023, the ICAI notified the CA Intermediate syllabus under the new plan of education and training. The first CA Intermediate exam based on the new CA Intermediate syllabus will be held in May 2024.

Read More: https://ksacademy.co.in/blogs/ca-intermediate-new-syllabus/

CA Final New Syllabus 2024

The revised CA Final syllabus under the new ICAI scheme will be announced by ICAI on July 1, 2023. In May 2024, the first CA Final test to be conducted using the updated CA Final course syllabus, will take place.

Read More: https://ksacademy.co.in/blogs/ca-final-new-syllabus/

0 notes

padhaiwale · 2 years ago

Text

CMA Final SFM FastTrack Batch New Syllabus 2022 by CA Nagendra Sah

NEW SYLLABUS 2022 CMA FINAL SFM by CA NAGENDRA SAH CMA Final SFM by CA Nagendra Sah is beneficial for the Dec 2023 and June 2024 exams. The course includes study materials that will be provided to students. Applicable for Dec 2023 and June 2024 Course CMA Final Paper Strategic Financial Management Faculty CA Nagendra Sah Lecture Language Hindi + English Mix ICMAI Syllabus New Syllabus…

View On WordPress

0 notes

sbtstudybytech · 2 years ago

Text

CA Foundation Syllabus 2024

To thrive in the continuously evolving financial business, aspiring chartered accountants need more than just academic knowledge; they also need a curriculum that keeps up with the changes. Here, the CA Foundation curriculum is relevant. We'll go through the essential points of the CA Foundation course outline in this blog article and introduce you to Studybytech, a company that specializes in providing top-notch CA training. In addition, Studybytech is already accepting applications for its class of 2024 CA Foundation students, which we are thrilled to announce!

CA Foundation New Syllabus 2024

In the new syllabus of CA Foundation 2024, under the New ICAI Scheme, the following papers have been included:

Accounting

Business Law

Quantitative Aptitude New ICAI Scheme

Part A: Business Mathematics

Part B: Logical Reasoning

Part C: Statistics

Business Economics

Detailed CA Foundation Syllabus Under New Scheme 2024

Paper 1 Accounting

Objective: To develop an understanding of the basic concepts and principles of accounting and apply the same in preparing financial statements and simple problem-solving.

Topics

Sub Topics

Theoretical Framework

Meaning and Scope of Accounting

Accounting concepts, principles, and conventions.

Capital and revenue expenditure, capital and revenue receipts, contingent assets, and contingent liabilities

Accounting Policies.

Accounting as a measurement discipline – valuation principles, accounting estimates. Accounting Standards-concepts and objectives.

Accounting Process

Recording accounting transactions: principles of double entry bookkeeping, books of original entry journal, subsidiary books, cash book, ledger format,posting from journals and subsidiary books, balancing accounts.

Preparation of the Trial Balance

Rectification Of Errors

Bank Reconciliation Statement

introduction, reasons, and preparation of bank reconciliation statement

Inventories

Meaning, basis and technique of inventory valuation, cost of inventory, net realisable value and record system

Depreciation and amortization

Tangible and intangible assets: meaning & difference, concepts, methods of computation and accounting treatment of depreciation and amortization, change in depreciation method

Bills of Exchange and Promissory Notes

Meaning of bills of exchange and promissory notes and their accounting treatment; accommodation bills

Preparation of Final accounts of Sole Proprietors

Elements of financial statements, closing adjustment entries, trading account, profit and loss account, and balance sheet of manufacturing and non-manufacturing entities

Financial Statements of Not-for-Profit Organizations

Significance and preparation of receipt and payment account, income and expenditure account and balance sheet; difference between profit and loss account, and income and expenditure account

Accounts from Incomplete Records (excluding preparation of accounts based on ratios)

Partnership And LLP Accounts

Final accounts of partnership firms and LLP.

Admission, retirement, and death of a partner including the treatment of goodwill.

Dissolution of partnership firms and LLPs, including piecemeal distribution of assets

Company Accounts

(definition of shares and debts)

Issue shares And debts; forfeiture of shares, reissue of forfeited shares

Redemption of preference shares and debentures (excluding the purchase and redemption of own debentures by the sinking fund method)

Accounting for Bonus Issue and Right Issue

Paper 2 Business Law

Objective: To develop general legal knowledge of the law of Contracts and sales and an understanding of various forms of businesses and their functioning to regulate the business environment and to acquire the ability to address basic application-oriented issues

Topics

Sub-Topics

Indian Regulatory Framework

Major Regulatory Bodies such as the Ministry of Finance, Ministry of Corporate Affairs, SEBI, RBI, IBBI, Ministry of Law and Justice, etc.

The Indian Contract Act, 1872

General Nature Of Contract, Consideration, Other essential elements of a valid Contract Performance Contract, Breach Of Contract, Contingent and Quasi Contract, Contract of Indemnity and Guarantee Contract of Bailment and Pledge, Contract of Agency

The Sale of Goods Act, 1930

Formation of the contract of sale, conditions and warranties, transfer of ownership and delivery of goods, unpaid seller and his rights

The Indian Partnership Act, 1932

General Nature of Partnership, Rights and Duties of partners, Reconstitution of firms, Registration and Dissolution of a firm

The Limited Liability Partnership Act, 2008

Introduction-covering nature and scope, Essential features, Characteristics of LLP, Incorporation, and Differences with other forms of organizations

The Companies Act, 2013

Essential features of company, Corporate veil theory, Classes of companies, Types of share capital, Incorporation of company, Memorandum of Association, Articles of Association, Doctrine of Indoor Management

The Negotiable Instruments Act, 1881

Meaning of Negotiable Instruments, Characteristics, Classification of Instruments, Different provisions relating to Negotiation, Presentation of Instruments, Rules of Compensation

Paper 3 Quantitative Aptitude

Objective:

To develop an understanding of the basic mathematical and statistical tools and apply the same in business, finance, and economic situations.

To develop logical reasoning skills.

Topics

Sub-Topics

Part A: Business Mathematics

Ratio and proportion, Indices and Logarithms

Ratio and proportion, and Time and work-related problems, Laws of inequalities, Exponents and antilogarithms

Equations

Linear equations up to variables, quadratic equations, and cubic equations—in one variable Applications in Business Related Problems

Linear Inequalities

Linear Inequalities in one and two variables and the solution space

Mathematics of Finance

Simple Interest

◦ Compound Interest

◦ Nominal and Effective Rate of Interest

◦ Present Value

◦ Net Present Value

◦ Future Value

◦ Perpetuity

◦ Annuities

◦ SinkingFunds

◦ Calculating EMI

Calculations of Returns: Nominal and Effective Rate of Return

Compound Annual Growth Rate (CAGR)

Permutations and Combinations

Basic concepts of Permutations and combinations: Introduction, the factorial, permutations, results, circular permutations, permutations with restrictions, Combinations With standard results

Sequence and Series

Introduction Sequences, Series, Arithmetic and Geometric progression, Relationship between AM and GM and Sum of terms of special series and Business Applications

Sets, Relations, and Functions. Basics of Limits and Continuity Functions

Basic applications of Differential and Integral calculus in Business and Economics (Excluding the trigonometric applications)

Part B: Logical Reasoning

Number series coding and decoding, odd man out, Direction Tests, Seating Arrangements, Blood Relations

Part C: Statistics

Statistical Representation of Data

Diagrammatic representation of data, Frequency Distribution, Graphical representation of Frequency Distribution—Histogram, Frequency Polygon, Ogive, Pie-chart

Sampling

Basic principles of sampling theory, Comparison between sample surveys and complete enumerations, some important terms associated with sampling types, sampling errors, and non-sampling errors

Measures of Central tendency and Dispersion

Mean Median, Mode, Mean Deviation, Quartiles and Quartile Deviation Standard Deviation, Coefficient of Variation, and Coefficient of Quartile Deviation

Probability

Independent and dependent events; mutually exclusive events Total and Compound Probability and Bayes Theorem

Theoretical Distributions

Random variables, Discrete and Continuous Random variables, Expectation of a discrete random variable, Theoretical Distributions: Binomial Distribution, Poisson distribution–basic application and Normal Distribution–basic applications

Correlation and Regression

Scatter diagram, Karl Pearson’s Coefficient of Correlation Rank Correlation, Regression lines, Regression equations, and regression coefficients

Index Numbers

Uses of Index Numbers, Problems Involved in the Construction of Index Numbers, and Methods of Construction of Index Numbers BSE SENSEX NSE

Paper 4 Business Economics

Objective: To develop an understanding of the concepts and theories of Economics and to acquire the ability for address application-oriented issues

Topics

Sub Topics

Introduction to Business Economics

Meaning and scope of business economics

Basic Problems of an Economy and the Role of Price Mechanism

Theory of Demand and Supply

Meaning and Determinants of Demand, Law of Demand and Elasticity of Demand – Price, Income and Cross Elasticity.

Theory of Consumer’s Behaviour –Indifference Curve approach.

Meaning and Determinants of Supply, Law of Supply and Elasticity of Supply, Market Equilibrium and Social Efficiency

Theory of Production and Cost

Meaning and Factors of Production, Short Run and Long Run

Law of Production—The Law of Variable Proportions and Laws of Returns to Scale—Producer's Equilibrium

Concepts of Costs – Short-run and long-run Costs; Average and Marginal Costs, Total, Fixed, and Variable Costs

Price Determination in Different Markets

Market Structures: Perfect Competition, Monopoly and Monopolistic Competition Using Game Theory to Study Oligopoly

Price determination in these markets

Price- Output Determination under Different Market Forms

Determination of National Income

Macro Economic Aggregates and Measurement of National Income

Determination of National Income: Keynes’ Two Sector Basic Model, Three Sectors and Four Sectors Models

Business Cycles

Meaning, Phases, Features, Causes behind these Cycles

Public Finance

Fiscal functions: overview, center, and state finance

MarketFailure/Government Intervention to Correct Market Failure

Process of budget making: sources of revenue, expenditure management, and management of public debt

FiscalPolicy

Money Market

Concept of Money Demand

Important theories of Demand for Money

Concept of Money Supply, Cryptocurrency Another New Terminology

Monetary Policy

International Trade

Theories of International Trade, including theories of intra-industry trade, Krugman

TradePolicy–TheInstrumentsofTradePolicy.

trade negotiations.

ExchangeRatesanditseconomiceffects.

International Capital Movements: Foreign Direct Investment

Indian Economy

Before 1950- Chanakya and Nand Vansh

OECDPaper (1950-1991),

Basic knowledge, 1991 Onwards

Proven Success

Success speaks for itself, and Studybytech has a stellar resume. Numerous of its students not only passed the CA Foundation exam but also performed admirably in subsequent levels, proving the effectiveness of its instructional methods.

Complementing the CA Foundation Syllabus

One of its unique benefits is that Studybytech is compatible with the CA Foundation curriculum. In order to give students a well-rounded education that will appropriately prepare them for the exam, Studybytech's courses are designed to complement the curriculum.

Admissions are open for the CA Foundation 2024 batch!

We're thrilled to inform you of some news! The CA Foundation 2024 batch's admissions opening has been excitedly announced by Studybytech. This is your chance to begin your journey towards chartered accountant status with a strong foundation and competent guidance.

Why choose Studybytech for the CA Foundation?

1. High-Quality Education: Studybytech is committed to providing instruction of the highest caliber to ensure your success on the CA Foundation exam.

2. Experienced Faculty: Study with professors who are well-versed in the CA syllabus and exam structures.

3. Proven Track Record: Become one of the successful CA Foundation students who utilised Studybytech to help them realize their goals.

4. Access detailed study materials and resources to assist you in your preparation.

5. Personalised Guidance: Take advantage of individualised mentoring and doubt-clearing sessions to help you excel in your studies.

Conclusion

The new CA Foundation syllabus for 2024 promises a dynamic and comprehensive education for aspiring chartered accountants. It provides students with the skills they need to succeed in the quickly evolving financial business, with a focus on taxation, ethics, sustainability, and digital finance.

As you start your CA Foundation journey, think of Studybytech as your success partner. Studybytech's qualified instructors, reputable history, and courses tailored to the syllabus make it your gateway to a successful career in chartered accounting. Don't miss the opportunity to apply for the CA Foundation 2024 cohort and start your path to a rewarding career. To position yourself for success in the future, enroll right away!

CA.Parag Gupta

Studybytech

#ca intermediate #ca exams #ca foundation #education #ca final #ca inter costing #cafinal #ca inter #ca

0 notes

iproledgeacademy · 9 months ago

Text

CA Intermediate Study Plan:

The CA Intermediate exam is one of the most crucial stages in the journey to becoming a Chartered Accountant. The syllabus, set by the Institute of Chartered Accountants of India (ICAI), covers a wide array of topics across two groups, making thorough preparation essential. Whether you're sitting for the May 2024 or November 2024 exams, following a structured study plan will significantly improve your chances of success.

In this blog, we will outline a comprehensive CA Intermediate study plan, designed to help you cover the entire syllabus efficiently and master the material in time for the exam.

Overview of the CA Intermediate Exam

The CA Intermediate exam is divided into two groups with a total of eight papers:

Group I:

Accounting

Corporate and Other Laws

Cost and Management Accounting

Taxation

Group II:

Advanced Accounting

Auditing and Assurance

Enterprise Information Systems & Strategic Management

Financial Management & Economics for Finance

Each paper requires a mix of practical problem-solving and conceptual knowledge. Students need to dedicate substantial time to each subject and balance their preparation between both theory and practical subjects.

CA Intermediate Study Plan May 2024

To ensure success, you should aim to study for 6-8 hours daily and complete the syllabus within four to five months, leaving the remaining time for revision and mock tests. Below is a detailed month-by-month study plan.

Type of Questions

Name of Subjects

Time to be Invested

30% MCQ

70% Subjective

Corporate & Other Laws

108 Hrs

30% MCQ

70% Subjective

Taxation

140 Hrs

Practical

Advanced Accounting

118 Hrs

Practical

Cost and Management Accounting

103 Hrs

30% MCQ

70% Subjective

Auditing & Ethics

86 Hrs

30% MCQ

70% Subjective

Financial Management and Strategic Management

89 Hrs

35 Hrs

First Month: Building a Strong Foundation

In the first month, focus on building a solid understanding of the core concepts for each subject. This phase is all about laying the groundwork.

Accounting: Spend 2 hours daily understanding basic principles and accounting standards.

Corporate and Other Laws: Focus on the Companies Act, making detailed notes of important sections and provisions.

Cost and Management Accounting: Start with costing techniques like Marginal Costing and Standard Costing.

Taxation: Learn the basic concepts of Income Tax and GST. Dedicate 1.5 hours daily to building a strong foundation in direct taxes.

Second Month: In-Depth Study

In the second month, deepen your understanding of each subject. It’s important to consistently revise while moving forward with new topics.

Advanced Accounting: Tackle complex topics like Consolidation of Financial Statements and Amalgamation.

Cost and Management Accounting: Continue with process costing, contract costing, and other advanced topics.

Taxation: Dedicate 2 hours daily to practicing numerical problems on Income Tax and GST.

Third Month: Practice and Reinforcement

The third month is where you start practicing practical problems and past exam papers to reinforce your knowledge.

Accounting: Start solving ICAI’s past exam papers. Dedicate 3 hours daily to practicing numerical problems.

Corporate and Other Laws: Revise all provisions and practice writing detailed answers for case studies.

Taxation: Focus on GST compliance and more complex direct tax scenarios.

Fourth Month: Focus on Mock Tests and Timed Practice

In this month, it’s essential to take mock tests and time yourself to get used to the exam conditions.

Group I: Take a full-length mock test every week and review your answers in detail.

Group II: Dedicate time to solving case-based questions in subjects like Financial Management and Strategic Management.

Fifth and Sixth Months: Full Revision

The final months should be dedicated entirely to revision. Spend your time revising key topics and concepts. Revise difficult chapters first, then move on to easier subjects to build confidence.

Full Study Plan for CA Intermediate Exams May 2024 in steps

Step 1: Understand the Exam Structure

Go through the CA exam notification and understand the structure, syllabus, and eligibility criteria.

Look at past years' papers to get familiar with the type of questions that are asked.

Step 2: Build Strong Basics

Review foundation-level materials to strengthen your basics in subjects like Accounting and Law.

Go through ICAI’s standard study materials and make detailed handwritten notes.

Step 3: Practice Answer Writing

Once you’ve studied a topic, immediately begin answering related questions.

Writing out answers will help you retain more information and improve your answer-writing speed for the exam.

Step 4: Mock Tests and Review

Three months before the exam, switch to a mock test-based approach.

Take full-length tests under timed conditions to simulate the exam environment.

Step 5: Revise and Practice

Dedicate your last month to revision. Review your notes, take more mock tests, and practice exam scenarios to boost confidence.

Books for CA Intermediate Exam Preparation:

1. CA Intermediate Study Material by ICAI

Why It's Essential: This is the official study material provided by ICAI and covers the syllabus comprehensively for both groups. It’s highly recommended for students to follow the ICAI modules as they are aligned with the exam pattern.

Best for: All subjects, with a focus on conceptual clarity.

2. Advanced Accounting by MP Vijay Kumar

Why It's Essential: This book is excellent for understanding Advanced Accounting concepts. It breaks down complicated topics like consolidation and amalgamation into simple, easy-to-understand language.

Best for: Students who need extra support in Group II - Advanced Accounting.

3. Taxation (Income Tax & GST) by T.N. Manoharan

Why It's Essential: A popular choice among CA students, this book provides in-depth coverage of Taxation, with practical problems and case studies. It also focuses on GST and Income Tax, making it essential for the Taxation paper.

Best for: Both beginners and students revising key concepts in Taxation.

4. Cost and Management Accounting by P.C. Tulsian

Why It's Essential: This book simplifies complicated topics in Costing and Management Accounting with a practical approach. The numerous problems and solutions included in this book help students to practice extensively.

Best for: Conceptual clarity in Cost and Management Accounting and practicing numerical problems.

5. Auditing and Assurance by Surbhi Bansal

Why It's Essential: This book provides a detailed understanding of Auditing standards and assurance practices. Known for its concise notes and question bank, it helps students grasp the subject quickly.

Best for: Students preparing for the Auditing & Assurance paper in Group II.

Why Choose iProledge Academy?

At iProledge Academy, we provide a structured approach to help you ace your CA Intermediate exams:

Comprehensive Study Material: Our materials are designed to cover both theory and practical problems comprehensively.

Mock Tests and Feedback: We provide regular mock tests with detailed feedback to ensure continuous improvement.

Experienced Faculty: Our faculty members are industry experts who guide you through each subject, ensuring clarity in complex topics.

Personalized Attention: We focus on one-on-one mentoring to address each student’s weak areas.

Conclusion: Your Path to Success in the CA Intermediate Exam

With a well-organized study plan and expert guidance from iProledge Academy, you’ll be fully prepared to ace your CA Intermediate exam. Start early, remain consistent, and follow a structured revision and practice routine to ensure success.

Enroll at iProledge Academy today and take your first step toward becoming a Chartered Accountant!

FAQs on CA Intermediate Study Plan

How many hours should I study for CA Intermediate?

It’s recommended to study for 6-8 hours daily, depending on your understanding and comfort with the subjects.

What is the ideal time to complete the syllabus for CA Intermediate?

The syllabus should be completed 4-5 months before the exam, leaving time for revision and mock tests.

How important are mock tests for CA Intermediate preparation?

Mock tests are crucial as they help in time management, identifying weak areas, and reducing exam anxiety.

Can I clear CA Intermediate in the first attempt?

With a structured study plan, regular revision, and guidance from iProledge Academy, clearing the exam on the first attempt is achievable.

#ca classes #ca intermediate #ca coaching #ca foundation course in agra

0 notes