Chartered Accountancy (CA) Syllabus 2024: Subjects, Semester-wise Syllabus PDF, Top Colleges, Books
Parul ThapaSenior Executive Content
Chartered Accountant syllabus includes topics related to accounting, financial management, business law, taxation, auditing and assurance, etc. The CA course has three levels – Foundation, Intermediate and Final. The syllabus of CA for each level is designed to equip the candidate with knowledge, skills, training and nuances of accounting and financial dealings of a business organisation to ensure it complies with the country’s rules and regulations for legal operations.
In India, Chartered Accounting is one of the most popular career options. It is not an easy field, but it provides a great career rewards. Chartered Accountants are seen in high regard by all because it is tough to be one and tougher as a profession. India, the ICAI in charge of regulating and upholding the profession of a Chartered Accountant.
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CA Syllabus – Important Facts about the course
- CA is not a fixed semester course: The minimum duration of the Chartered Accountancy course for someone pursuing after Class 12 is 4.5 years. The minimum duration required for the CA course if applying after completing graduation (via Direct Entry Scheme) is three years.
- Scope in India: The scope of Chartered Accountancy is wide in India and worldwide as it is the backbone of financial operations of any business organisation. CAs can choose to practice independently for individual clients and companies or work with accounting/auditing firms/financial organisations in government, public, or private sectors.
- General examination pattern: Only after passing all of these levels of the course is a candidate deemed a Chartered Accountant and verified as such. CA examinations are as follows:
- Foundation
- Intermediate
- Final
- Eligibility: After finishing 10+2 or equivalent, one may enroll for CA Foundation level course with the ICAI. After passing the Foundation level course, candidates may register for the intermediate level programme while still pursuing graduation.
- Chartered Accountant Syllabus: The broad topics included in CA syllabus include the following:
- Principles and Practises of Accounting
- Business Law & Business Correspondence and Reporting
- Business Mathematics and Logical Reasoning & Statistics
- Business Economics & Business and Commercial Knowledge
CA Syllabus
Core Subjects in CA Courses
In the CA course, candidates have to acquire knowledge and skills that are required for performing the role of a chartered accountant efficiently. Given below is the table listing the subjects that are a part of Chartered Accountant syllabus.
| Subject title |
Subject details |
|---|---|
| Fundamentals of Accounting |
The fundamentals of accounting involve record keeping which is really the primary function of accounting. A company must adopt standard methods of storing and maintaining information so that it may be accessed when needed. |
| Quantitative Aptitude |
The quantitative aptitude portion is included in almost all major competitive tests to assess applicants' numerical abilities. Includes the study of problems that are posed in the form of word puzzles, graphs, or data interpretation. |
| Mercantile Law |
Mercantile Law is a collection of all the laws used by a company to manage or oversee its commercial operations. |
| General Economics |
General economics is concerned with the production, distribution, and consumption of goods and services. Economics is divided into two branches: macroeconomics, which studies the behaviour of the economy as a whole, and microeconomics, which studies individual individuals and enterprises. |
| General English |
General English questions are aimed to assess applicants' knowledge and grasp of fundamental grammar, vocabulary, and essential principles of the English language. |
| Accounting |
Accounting is all about documenting an organisation’s financial transactions. Accounting financial statements are a succinct overview of financial activities that summarise a company's operations, financial status, and cash flows throughout an accounting period. |
| Cost Accounting and Financial Management |
Cost accounting entails the creation of a wide variety of reports required by management to operate a business. Financial accounting entails creating a consistent set of reporting for an external audience. |
| Advanced Accounting |
Accounting activities, patterns, mergers of public holding corporations, foreign currency operations, and modifying financial statements issued in foreign and local currencies are all covered. |
| Corporate and Other Laws |
There are several laws that apply to various sorts of transactions carried out by a business concern, such as raising capital, receiving a loan, purchasing products, and so on. |
| Information Technology and Strategic Management |
It entails a thorough examination of the organisational, economic, regulatory, and socio-technical difficulties that occur during IT adoption in industry and government, as well as how to successfully handle such concerns. |
| Taxation Auditing and Assurance |
The subject focuses on the concept of independent financial statement inspection, which is something that a Chartered Accountant excels at in his professional career. |
| Business Laws, Ethics, and Communication |
Business ethics is the study of appropriate business rules and procedures pertaining to potentially contentious issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary obligations. |
Elective Subjects in CA Final Course
Candidates get the opportunity to choose an elective subject in the Final level of CA course. There is only one elective paper in the CA Final course. Check the table below for details of elective subjects included in CA syllabus:
| Chartered Accountant Subjects |
Subject details |
|---|---|
| Risk Management |
The process of discovering, analysing, and managing risks to an organisation's capital and profitability. |
| International Taxation |
Determination of tax on a person or entity subject to several countries' tax laws, or the international aspects of a single country's tax laws. |
| Economic Laws |
Most economic laws, such as the law of declining marginal utility, the law of equi-marginal utility, the law of demand, are behaviourist in nature, relying on human behaviour. |
| Financial Services and Capital Markets |
Initial Pages/Global Financial Markets/Impact of various Policies of Financial Markets/Capital Market - Primary/Capital Market - Secondary/Money Market/Institutions and Intermediaries/Commodity Market/Banking as Source of Capital Including NBFCs/Mutual Fund/Private Equity/Investment Banking/Credit Rating/Treasury Operations/Risk Management/Credit Derivatives/Leasing/Factoring Initial Pages/SEBI (ICDR) Regulations, 2018/SEBI (LODR) Regulations, 2015/SEBI (Prohibition of Insider Trading) Regulations, 2018/SEBI (Buy-Back of Securities) Regulations, 2018/SEBI (Mutual Funds) Regulations, 1996 |
| Global Financial Reporting Standards |
The curriculum for Global Financial Reporting Standards contains the following topics:
|
| Multidisciplinary Case Studies |
Multidisciplinary Case Studies includes the following topics: 1. Financial Accounting and Reporting 2. Audit and Assurance 3. Taxation 4. Finance and Financial Management 5. Management Accounting 6. Corporate Laws 7. Business Strategy and Management |
Detailed Syllabus for CA
The Chartered Accountant syllabus pertains to taxing, finances and business laws. Given below is the table indicating CA syllabus for Foundation, Intermediate and Final courses:
| CA Course |
Papers |
Chartered Accountant Subjects |
|---|---|---|
| CA Foundation Course |
Paper 1 |
Principles and Practices of Accounting |
| Paper 2 |
Section A: Business Laws Section B: Business Correspondence and Reporting |
|
| Paper 3 |
Part 1: Business Mathematics and Logical Reasoning Part Part 2: Statistics |
|
| Paper 4 |
Part 1: Business Economics Part 2: Business and Commercial Knowledge |
|
| CA Intermediate Course (Group I) |
Paper 1 |
Accounting |
| Paper 2 |
Corporate Laws and Other Laws |
|
| Paper 3 |
Cost and Management Accounting |
|
| Paper 4 |
Taxation |
|
| CA Intermediate Course (Group II) |
Paper 5 |
Advanced Accounting |
| Paper 6 |
Auditing and Assurance |
|
| Paper 7 |
Enterprise Information System and Strategic Management |
|
| Paper 8 |
Financial Management and Economics for Finance |
|
| CA Final Course (Group I) |
Paper 1 |
Financial Reporting |
| Paper 2 |
Strategic Financial Management |
|
| Paper 3 |
Advanced Auditing and Professional Ethics |
|
| Paper 4 |
Corporate and Economic Laws |
|
| CA Final Course (Group II)
|
Paper 5 |
Strategic Cost Management and Performance Evaluation |
| Paper 6 (Electives) |
Paper 6A: Risk Management |
|
| Paper 6B: Financial Services and Capital Markets |
||
| Paper 6C: International Taxation |
||
| Paper 6D: Economic Laws |
||
| Paper 6E: Global Financial Reporting Standards |
||
|
|
Paper 6F: Multidisciplinary Case Study |
|
| Paper 7 |
Direct Tax Laws and International Taxation |
|
| Paper 8 |
Indirect Tax Laws |
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CA Syllabus: Books and Authors
CA is one of the most difficult exams to pass, and acing it requires using the appropriate resources and putting all of one's efforts in the right place. Shiksha has listed some of the main CA books that are necessary to study Chartered Accountant subjects.
| Chartered Accountant Subjects |
Book title |
Author |
Description |
|---|---|---|---|
| CA Foundation Level |
Fundamentals of Accounting for CA- CPT |
Tulsian and Bharat Tulsian |
The book discusses the various fundamental concepts of accounting and follows the syllabus requirements of the CA-CPT examination. |
| CA IPCC Level |
Practical Approach to Direct and Indirect Taxes: Income Tax and GST |
Girish Ahuja and Ravi Gupta |
The book aims to help and enable the readers to understand the intricate problems relating to Income Tax and GST. |
| CA Final Level |
Strategic Cost Management and Performance Evaluation: CA Final New Syllabus |
B Saravana Prasath |
This book helps understand various concepts related to decisions in financial management like financing decisions, investment decisions and dividend decisions. |
| CA |
Mercantile Law |
MC Kuchhal and Vivek Kuchhal |
This law teaches the fundamental principles of the basic laws of modern business. |
| CA Foundation Level |
CA Foundation Principles and Practice of Accounting |
Taxmann |
The book has 23 chapters. It includes the complete theory of the topics in lucid, simple style & covers 350+ illustrations with working notes and 100+ practice questions. |
Top Colleges Offering CA Courses
The Ministry of Corporate Affairs, Government of India, has administrative responsibility over the Institute of Chartered Accountants of India (ICAI), which is the country's largest accounting profession association. The Indian Parliament passed the Chartered Accountants Act, 1949 to promote and regulate the profession of chartered accounting in India.
The National Financial Reporting Authority (NFRA) in India provides guidance for accounting principles and international standards on auditing to the Government of India, which establishes the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. The Institute of Cost Accountants of India (ICMAI), the Universities of Delhi, Calicut, and Uttar Pradesh are the other notable accounting research organisations in India.
The below list mentions the name of a few institutes offering CA learning:
- The Institute of Chartered Accountants of India (ICAI), Noida
- Northern India Regional Council of ICAI
- Navkar Institute
- Indian Institute of Finance and Accounts Pune
- CMS For CA, Hyderabad
- Siddhartha Academy, Thane
- Academy of Commerce
- Nahata Professional Academy
- Vidya Sagar Institute
- Chanakya Academy for Management and Professional Studies (CHAMPS)
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FAQs on Chartered Accountant Syllabus
Q: Can I finish CA in four years?
Q: Is CA course challenging?
Q: How many CA examinations are there?
Q: Is it important to score high in Class 12 for CA course?
Q: What is the format of the CA exam?
Q: What is the duration of the Articleship necessary before taking the CA final exam?
Q: What if we don't pass a CA level?
Q: How many groups are there in CA?
Q: Can highlighters be used in CA exams?
Q: What is the passing criteria for the CA Foundation exam?
Q: What are the educational requirements for registering for the CA final level exam?
- The applicant must have passed both groups of the CA IPCC level test.
- Candidates must have passed both categories of the CA intermediate test.
- Candidates must have registered with the BOS per the ICAI qualifying standards.
Q: Which Chartered Accountant subjects are covered in Paper 1 of the Foundation course, Principles and Practice of Accounting?
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