#CA Inter Coaching Classes in Pune CA Intermediate Classes in Pune

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An Overview CA Intermediate Exam as Per New Syllabus 2024

With its hard coursework and exams, the Chartered Accountancy (CA) Intermediate level is a critical step on the path to becoming a chartered accountant. To guarantee that prospective chartered accountants (CAs) possess the most recent information and abilities, the Institute of Chartered Accountants of India (ICAI) has unveiled a revised curriculum for the CA Intermediate course. We'll go over the main ideas of the CA Intermediate New Syllabus in this blog, giving candidates an idea of what to expect and how to get through this demanding yet rewarding stage of their career.

Updated Structure and Pattern: The CA Intermediate exam's structure and pattern have been updated in light of the new syllabus. Six papers total are split into two groups, Group I and Group II, each of which has three papers. The framework attempts to offer a comprehensive grasp of many aspects of business, finance, and accounting.

Papers for Group I:

Advanced Accounting: This section of the CA Intermediate New Syllabus 2024 focuses on producing financial statements using Indian Accounting Standards, which are comparable to IFRS, and applying accounting standards to actual business scenarios. It also addresses the financial statement preparation framework and IFRS convergence or adoption.

Corporate and Other Laws: This essay covers business law, other corporate laws, ethics, and legal and regulatory topics. Candidates must understand the laws that control corporations and corporate governance.

Taxation: Both direct and indirect taxes are covered in this paper. To prepare applicants for the complexities of the taxation landscape. It has 2 sections.

Income Tax Laws(IT)

Goods and Service Tax(GST)

Papers for Group II:

a. Cost and Management Accounting: With an emphasis on budgeting, performance analysis, and costing techniques, this paper gives candidates the tools they need to control costs and make decisions in companies.

b. Auditing and Ethics: Understanding the foundational ideas of auditing and becoming acquainted with the well-recognized auditing methods, approaches, and competencies are the main goals. Students will also acquire the skills necessary to successfully apply this information in audit and attestation assignments.

c. Financial Management and Strategic Management: The main goal of financial management is to optimize the value of an organization's finances.

Conversely, strategic management focuses on the broad picture, explaining how to create and carry out plans that will support a business in achieving its objectives in the long run.

FM and SM are two sides of the same coin, not distinct topics. Implementing effective strategy requires strong financial management, and making wise financial decisions requires a solid understanding of the business environment. Through acquiring both FM and SM, students enrolled in CA Inter gain a comprehensive viewpoint.

Strategies for Preparation:

Considering the new syllabus's comprehensive nature, candidates need to implement efficient preparation techniques. This entails making a study schedule that allows enough time for each paper, getting practice with previous exams and practice questions, and consulting mentors or knowledgeable instructors for advice. Furthermore, candidates must stay informed about any modifications or updates issued by ICAI to guarantee that they are adequately prepared for the exams.

In summary, the CA Intermediate New Syllabus represents a major advancement in bringing the CA curriculum into compliance with the needs of the contemporary business world. This stage should be approached by aspiring chartered accountants with a dedication to comprehending both the theoretical and real-world applications of the concepts. Candidates can pass the exams and become well-rounded professionals prepared to make valuable contributions to the finance and accounting industries by assiduously studying the new syllabus and planning ahead.

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Best CA Online Coaching Classes in India

The best online coaching centre for the Foundation, Intermediate, and Final CA courses in India is KS Academy. KS Academy student scored an unprecedented score of 688 out of 800 in the CA Inter Exam, making it the top CA Online Coaching Institute in India in 2023. The intellectual students who desire to be the greatest and most knowledgeable professionals in their industry therefore fit well with our organization.

Facilities:

Face to Face Classes (Chennai and Coimbatore)

Google Drive Classes

Live Classes

Recorded classes

SAP tests

Hostel

Contact Details

Contact Number: 91116 12345

Our Branches:

KS Academy Chennai: https://ksacademy.co.in/

KS Academy Coimbatore: https://www.ksacademycoimbatore.com/

KS Academy Bangalore: https://www.ksacademybangalore.in/

KS Academy Mumbai: https://www.ksacademymumbai.com/

KS Academy Hyderabad: https://www.ksacademyhyderabad.in/

KS Academy Guntur: https://www.ksacademyguntur.com/

KS Academy Pune: https://www.ksacademypune.com/

KS Academy Trivandrum: https://www.ksacademytrivandrum.com/

KS Academy Cochin: https://www.ksacademycochin.com/

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Common Habits of the Topper Students

People who top professional exams like CA, CS, CMA always have plans and strategies. They also armor themselves with certain

common habits and traits which give them an edge over others.

It’s important to clarify that this present generation of ours is extremely hard working and sincere with our studies and career.

So “beta, you haven’t worked hard enough/ you weren’t sincere enough” will not work. This generation is pretty sagacious as

far as studies are concerned.

Here I am compiling certain common habits toppers have:

To do list: First thing they do in the morning

The first thing they do in the morning has prepared a list of stuff they need to get done in the day. Chapters, page numbers, sections everything is planned for the day

Subject strategy: Mostly, students take up one subject at a time, finish it and get going. Many of them happen to compile it as ‘1 theory 1 practical’ in order to break the monotony of a single subject.

Mostly, students take up one subject at a time, finish it and get going. Many of them happen to compile it as ‘1 theory 1 practical’ in order to break the monotony of a single subject.

Focus on numerical papers:

Usually, toppers score a mammoth in the practical papers.

Usually, toppers score a mammoth in the practical papers.

Revision/mock test papers:

At least 2 mock test papers they do solve, you don’t have to go to the institute to give the test. You can simply ‘self-help’.

At least 2 mock test papers they do solve, you don’t have to go to the institute to give the test. You can simply ‘self-help’.

No too much study:

Most of the toppers I’ve noticed don’t study for 15 hours or so. They have a dedicated routine which they follow. They don’t focus on the hours they would study rather for them completing today’s “to do list” matters the most.

Give yourself the much-needed breaks:

Science proved it! At least once a week bangs a few games of FIFA, have a debate on why Suarez bit Chiellini, catch a movie or simply sleep for the whole day. Your choice! But no study. I REPEAT no study that day.

Is rank necessary? No. Is this the only way you can get a rank? No.

Is it bad if I take more than 1 attempt to clear my exams? Not at all. Make sure you just don’t become a CA but an ’employable CA’. For companies that matter way more. Building your overall personality is way more important than getting a rank in the exams. Because that’s what matters in the long run.

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Who is a Cost Accountant?

A Cost Accountant (CMA/ICWA) is a professional accountant by virtue of his/her being a member of the professional body of accountants conducting the cost accountancy course.

Cost Accountants carry on professional practice as Cost Accountants either individually or as a firm (in partnership with other cost accountants). They are mostly found working as employees/consultants in organizations. Some carry on professional practice and work as employees/consultants in organizations

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Cost Accountant

A Cost Accountant is allowed to do a special audit under the Customs Act.

Where the specialized knowledge of the professional would be very much crucial in performing the function, we find that they are performed only by the relevant professionals.

Start Early

Clearing your 10+2 is the basic criteria for making a move towards this particular career path. At this level, you can join the foundation level course. However, you can also get admission to the Interlevel of the course if you have earned your graduate degree or any other equivalent or higher academic qualification.

Role of a Cost Accountant

A Cost Accountant being multidisciplinary professional renders services in the following areas:

Employment

Chartered Accountants, on account of their having completed the chartered accountancy course, are considered to be candidates with the knowledge, ability, and intelligence. For this reason, they are the preferred lot for a lot of accounting and managerial jobs.

Financial Manager, Finance Director, Financial Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief Internal Auditor, Managing Director etc., are some such jobs where people with professional accounting knowledge are sought after.

With the growing trend of back-office operations, many multinational organizations having their back offices in India employ professional accountants.

Private Practice

A qualified professional can set up his/her own private practice as a practicing cost accountant. Apart from the statutory opportunities that would be available to a cost accountant, one can play the role of a consultant for any organization relating to the functions of accounting, taxation, auditing, cost management etc.

However, a cost accountant as a consultant would be preferred in areas of costing and management accounting rather than taxation, financial accounting, and auditing functions.

Statutory Opportunities

The law places certain conditions on the performance of certain functions. Where the law requires that a particular function is performed only by a certain professional, it should be so. Such functions are what we call statutory functions.

1. Under Sec 209(i)(d) of the Companies Act 1956 there are over 40 select industries where maintenance of cost accounting records is statutory. Under Sec 233 – B these records are to be got audited by a qualified cost accountant.

2. A Cost Accountant is eligible for certification of Import/Export document under Export-Import (EXIM) policy.

3. A Cost Accountant is eligible for Excise Audit under Sec 14 A and Special Audit regarding CENVAT credit availed under Sec 14AA of the Central Excise Act.

4. A Cost Accountant is allowed to do a special audit under the Customs Act.

Where the specialized knowledge of the professional would be very much crucial in performing the function, we find that they are performed only by the relevant professionals.

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CMA (ICWA) Salary in India

The aim of the Institute of Cost Accountants of India is to meet the rising global demand for quality cost management by building on and regulating Cost Accountancy in India. ICWA opens up a world of opportunities for aspirants in fields like management and consultancy.

To Become a professional CMA, you should complete the 3 levels of CMA course.

1. CMA Foundation

2.CMA Intermediate

3.Final

The article here is aimed at providing you with the list of salaries in store for individuals with CMA certification, with variations based on the field of work or industry, work experience, skills and so on. Read this article carefully you will get the complete details of the salary of CA and CMA profession in India.

Eligibility for CMA

Documents need for CMA certification:

Membership of IMA

Two years of relevant experience

Passed both the parts of CMA Exams

A Bachelor’s degree from an accredited university

The candidate can appear for the exam in the following months

January and February

May and June

September and October

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Cost Accountant?

Who is a Cost Accountant?

A Cost Accountant (CMA/ICWA) is a professional accountant by virtue of his/her being a member of the professional body of accountants conducting the cost accountancy course.

Cost Accountants carry on professional practice as Cost Accountants either individually or as a firm (in partnership with other cost accountants). They are mostly found working as employees/consultants in organizations. Some carry on professional practice and work as employees/consultants in organizations.

Functions performed by Cost Accountants only

The law places certain conditions on the performance of certain functions. Where the law requires that a particular function is performed only by a certain professional, it should be so. Such functions are what we call statutory functions.

Under Sec 209(i) (d) of the Companies Act 1956 there are over 40 select industries where maintenance of cost accounting records is statutory. Under Sec 233 – B these records are to be got audited by a qualified cost accountant.

A Cost Accountant is eligible for certification of Import/Export document under Export-Import (EXIM) policy.

A Cost Accountant is eligible for Excise Audit under Sec 14 A and Special Audit regarding CENVAT credit availed under Sec 14AA of the Central Excise Act.

A Cost Accountant is allowed to do a special audit under the Customs Act.

Where the specialized knowledge of the professional would be very much crucial in performing the function, we find that they are performed only by the relevant professionals.

Start Early

Clearing your 10+2 is the basic criteria for making a move towards this particular career path. At this level, you can join the foundation level course. However, you can also get admission to the Interlevel of the course if you have earned your graduate degree or any other equivalent or higher academic qualification.

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