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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.

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