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ICAI CA New Scheme Syllabus & Subjects 2024 for Foundation, Inter & Final

Last year, the ICAI launched the CA New Scheme, which included revisions to the CA tests, syllabus, and overall CA course. But the ICAI chose to begin after the November/December CA Exams. The first exam for the CA New Scheme will be held in May 2024. In this new scheme, the ICAI has decreased the exam syllabus while adding some new topics to the course.

Before receiving the syllabus, it is required to have an overview of the CA course. The CA Course consists of three levels: foundation, intermediate, and final. At the advanced level, all three levels cover Accounting, Direct and Indirect taxes, Auditing, Corporate Law, Financial Management, and other topics.

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CA New Scheme Syllabus 2024 – Course Highlights

Particular Details
Course Name Chartered accountant(CA)
Minimum eligibility Foundation: 50% in class 12 Inter: Clear Foundation or graduation with 50% Final: Clear Foundation and Inter with work experience
Course Levels Foundation, Inter & Final
Number of Exams ●       CA Foundation – 4 Paper

●       CA Intermediate – 6 Paper (3 in Each Group)

●       CA Final – 6 Paper (3 in Each Group)

Difficulty Level Average to Hard
CA Course Duration 4 years
Conducting Body ICAI
CA Admission Process Entrance Exam
Course Type Certificate
CA Registration Fees Foundation: INR 9800 Inter: INR 18,000 Final: INR 22,000
CA Jobs Accountant, Financial Manager, Banker, Taxation Consultant, Consultant

The CA course structure as follows:

  • CA Foundation Course
  • CA Intermediate Course
  • CA Final Course

The ICAI recently recommended the CA new scheme, which may be relevant for the 2024 tests. In the new plan, the ICAI has made considerable adjustments at all levels to ensure that the CA Course meets international standards.

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Chartered Accountant Syllabus and Subjects 2024 PDF

Students can download the Chartered Accountant syllabus pdf for the 2024 exams.

CA Subjects CA Syllabus PDF
CA Foundation Syllabus New Scheme Download
CA Inter Syllabus New Scheme Download
CA Final Syllabus New Scheme Download

Students can also view the CA Course Fee Structures for Foundation, Intermediate, and Final.

CA Foundation Syllabus New Scheme 2024

The CA Foundation syllabus includes 4 subjects. To be eligible for the exam, the individual must successfully complete all four papers. The CA foundation syllabus 2023-24 PDF download is accessible on the ICAI’s official website. The CA syllabus for the Foundation level includes four subjects:

CA Foundation Subjects Marks
Paper 1: Acccounting 100 Marks
Paper 2: Business Law 100 Marks
Paper 3: Quantative AptitudePart I: Business Mathematics(40)

Part II: Logical Reasoning(20)

Part III: Statistics(40)

100 Marks
Paper 4: Business Economics 100 Marks

Paper 1 : Accounting

Module 1:

  • Theoretical Framework
  • Accounting Process
    • Preparation of Trial Balance
    • Rectification of Errors etc,
  • Bank Reconciliation Statements
  • Inventories
  • Depreciation and Amortisation
  • Bills of Exchange and Promissory Notes
  • Preparation of Final Accounts of Sole Proprietors

Module 2:

  • Financial Statements of Not-For Profit Organizations.
  • Accounts from Incomplete Records
  • Partnership and LLP Accounts
  • Company Accounts

Paper 2: Business Law

Module 1:

  • Theoretical Framework
  • Accounting Process
    • Preparation of Trial Balance
    • Rectification of Errors etc,
  • Bank Reconciliation Statements
  • Inventories
  • Depreciation and Amortisation
  • Bills of Exchange and Promissory Notes
  • Preparation of Final Accounts of Sole Proprietors

Module 2:

  • Financial Statements of Not-For Profit Organizations.
  • Accounts from Incomplete Records
  • Partnership and LLP Accounts
  • Company Accounts

Paper 3 – Quantitative Aptitude

Paper 3 has three parts, and each part carries distinct marks Topics for Paper 3

Section A: Business Mathematics

Topics covered are-

  1. Ratio and Proportion, Indices and Logarithms
  2. Equations
  3. Linear Inequalities
  4. Mathematics of Finance
  5. Basic Concept of Permutations and Combinations
  6. Sequence and Series – Arithmetic and Geometric Progressions
  7. Sets, Relations, and Functions, Basics of Limits and Continuity Functions
  8. Basic applications of Differential and Integral Calculus in Business and Economics

Section B: Logical Reasoning

  1. Number series, Coding and Decoding and odd man out.
  2. Direction Tests
  3. Seating Arrangements
  4. Blood Relations

Section C: Statistics

  1. Unit – I Statistical Representation of Data
    Unit – II Samling
  2. Measures of Central tendency and Dispersion
  3. Probability
  4. Theoretical Distributions
  5. Correlation and Regression
  6. Index Numbers

Paper 4: Business Economics

This paper has two parts.topics for paper 4

  • Nature and Scope of Business Economics
  • Theory of Demand and Supply
  • Theory of Production and Cost
  • Price Determination in Different Markets
  • Determination of National Income
  • Public Finance
  • Money Market
  • International Trade
  • Indian Economy

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CA Intermediate Syllabus New Scheme 2024

The CA Intermediate syllabus contains 6 subjects. This level is broken into two categories. An applicant faces three papers in the first group of the exam, and the same number of papers in the second group. CA applicants must complete the intermediate level before moving on to the final terms. According to the CA syllabus ICAI, students have 8 months to complete all of these subjects.

  • Section A: Income Tax
  • Section B: Goods and Service Tax
  • Section A: Financial Management
  • Section B: Strategic Management
Paper CA Intermediate Subjects Marks
Paper 1 Advance Accounting 100 Marks
Paper 2 Corporate Laws & Other Laws 100 Marks
Paper 3 Taxation 100 Marks
Paper 4 Cost and Management Accounting 100 Marks
Paper 5 Auditing and Ethics 100 Marks
Paper 6 Financial Management and Strategic Management 100 Marks

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Paper 1 – Advanced Accounting

This paper has a score of 100. And the student has three hours to complete this paper. The candidate must have received a 40% for this paper.

Topics covered in this Subject are-

Module 1:

  1. Introduction to Accounting Standards
  2. Framework for Preparation and Presentation of Financial Statements
  3. Application of Accounting Standards
  4. Presentations and Disclosures Based Accounting Standards

Module 2:

  1. Assets Based Accounting Standards
  2. Liabilities Based Accounting Standards
  3. Accounting Standards Based on Items Impacting Financial Statement
  4. Revenue Based Accounting Standards
  5. Other Accounting Standards
  6. Accounting Standards for Consolidated Financial Statement

Module 3:

  1. Financial Statement of Companies
  2. Buyback of Securities
  3. Amalgamation of Companies
  4. Accounting for Reconstruction of Companies
  5. Accounting for Branches Including Foreign Branches

Paper 2 – Corporate and Other Laws

This paper has 2 parts. One is company law, and another is other laws. These 2 parts carry 50 marks each.

Topics covered in this Section are-

Module 1:

  1. Preliminary
  2. Incorporation of Company and Matters Incidental thereto
  3. Prospectus and Allotment of Securities
  4. Share Capital and Debentures
  5. Acceptance of Deposits by companies
  6. Registration of Charges

Module 2:

  1. Management and Administration
  2. Declaration and Payment of Dividend
  3. Accounts of Companies
  4. Audit and Auditors
  5. Companies Incorporated Outside India

Module 3:

  1. The Limited Liability Partnership Act, 2008

Students should keep in mind that elements of the Companies Act of 1956 that are still in force will be included in their syllabus.

SECTION – B    Other Laws

Laws covered in this section are –

  1. The General Clauses Act, 1897
  2. Interpretation of Statutes.
  3. The Foreign Exchnage Management Act, 1999

Paper 3- Taxation

The paper is broken into two portions. Section one of the Income Tax Law has 50 marks, as does Section Two of the Indirect Taxes.

SECTION – A        Income Tax

This section covers topic like-

Module 1:

  1. Basic concepts
  2. Residential status and scope of total income
  3. Heads of Income and computation of Income under various heads-
    1. Salaries
    2. Income from House Property
    3. Income from Business and Profession
    4. Capital Gains
    5. Income from other sources

Module 2:

  • Income of other people is included in assessee’s total income.
  • Aggregation of income Set off or carry forward the losses.
  • Deduction from Gross Total Income.
  • Individuals’ overall income and tax liabilities are computed.
  • Advance tax, tax deduction at source, and an introduction to tax collection at source
  • Provisions for filing income tax returns and self-assessments.
  • Income Tax Liability: Computation and Optimization

SECTION – B        Goods and Service Tax

Topics covered under this head are-

Module 1:

  1. GST in India – An Introduction
  2. Supply Under GST
  3. Charge of GST
  4. Place of Supply
  5. Exemptions From GST
  6. Time of Supply
  7. Value of Suppy

Module 2:

  1. Input Tax Credit
  2. Registration
  3. Tax Invoice; Credit and Debit Notes
  4. Accounts and Records
  5. E-Way Bill

This is the entire syllabus of Group – 1 in Intermediate.

In group two of CA intermediate 3 papers are available. These are follows

Paper 4- Cost and management accounting

This paper also consists of 100 marks.

Topics covered under cost and management accounting are-

Module 1:

  • Introduction to the Cost and Management Accounting.
  • Material Cost
  • Employee Cost and Direct Expenses
  • Overhead – Absorption Costing Method
  • Activity Based Costing
  • Cost Sheet
  • Cost Accounting Systems

Module 2:

  • Unit and Batch Costing
  • Job Costing
  • Process and Operation Costing
  • Joint Products and By Products
  • Service Costing

Paper 5 – Auditing and Assurance

This is the paper on auditing. In this paper, students face 100 marks of exams in 3 hours.

Topics covered in this subject are as follows –

Module 1:

  • Nature, Objective, and Scope of Audit.
  • Audit Strategy, Audit Planning, and Audit Programme.
  • Risk Assessment and Internal Control.
  • Audit Evidence
  • Audit of Items of Financial Statements.

Module 2:

  • Audit Documentation
  • Completion and Review
  • Audit Report
  • Special Features of Audit of Different Type of Entities
  • Audit of Banks
  • Ethics and Terms of Audit Engagements

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Paper 6 – Financial Management and Strategic Management

The study is broken into two sections: financial management and strategic management. These two sections carry 100 points.

SECTION – A     Financial Management

Topics covered in the above section are as follows –

Module 1:

  1. Scope and Objectives of Financial Management
  2. Types of Financing
  3. Financial Analysis and Planning – Ratio Analysis
  4. Cost of Capital
  5. Financing Decisions – Capital Structure
  6. Financing Decisions – Leverages

Module 2:

  1. Investment Decisions
  2. Dividend Decisions
  3. Management of Working Capital

SECTION – B     Strategic Management

Topics covered by this section are as follows-

Module

  1. Introduction to Strategic Management.
  2. Strategic Analysis: External Environment
  3. Strategic Analysis: Internal Environment
  4. Strategic Choices
  5. Strategy Implementation and Evaluation

This is the whole intermediate level CA course.

The CA intermediate test has 800 marks for the entire topic. This level of CA is challenging. So students must pay close attention to this level of exam.

CA Final Syllabus 2024

The ICAI provides the CA course syllabus, which explains the disciplines and topics covered in the exam. The CA final exam is the final step towards Chartered Accountancy. If a candidate wishes to become a professional CA, he or she must pass all three levels of exams. The final CA exam consists of six courses. The ICAI divides this exam into two groups.

Paper CA Final Subjects Marks
Paper 1 Financial Reporting 100 Marks
Paper 2 Advance Financial Management 100 Marks
Paper 3 Advanced Auditing and Professional Ethics 100 Marks
Paper 4 Direct Tax Laws and International Taxation 100 Marks
Paper 5 Indirect Tax Laws 100 Marks
Paper 6 Integrated Business SolutionsSET A: Corporate and Economic Laws

SET B: Strategic Cost and Performance Management

100 Marks

Paper 1: Financial Reporting

This paper carries 100 marks. And it takes 3 hours to complete the exam.

Topics covered in this subject at the Final level are-

Module 1:

Introduction to Accounting Standards (AS 15, 21, 23, 25, 27 and 28)

Conceptual Framework for Financial Reporting Under Indian Accounting Standards (Ind AS).

  1. Ins AS on Presentation of Items in the Financial Statements
  2. Ind AS on Measurement based on Accounting Policies
  3. Ind AS 115 “Revenue from Contracts with Customers

Module 2:

Ind AS on Assets in Financial Statements

Other Indian Accounting Standards.

Module 3:

Ind AS on Liabilities in Financial Statements

Ind AS on items that affect the financial statements.

Ind AS: Disclosures in Financial Statements

Accounting and reporting for financial instruments

Module 4:

  • India AS 103 “Business Combinations”
  • Consolidated and Separate Financial Statements of Group Entities
  • Ind AS 101: “First-time Adoption of Indian Accounting Standards”
  • Analysis of Financial Statements
  • Professional and Ethical Duty of a Chartered Accountant Accounting and Technology

Paper 2: Advanced Financial Management (100 Marks)

Topics covered under this subject are as follows –

 Module 1:

  1. Financial Policy and Corporate Strategy.
  2. Risk Management.
  3. Advanced Capital Budgeting Decisions
  4. Security Analysis.
  5. Security Valuation
  6. Portfolio Management.
  7. Securitization
  8. Mutual Funds
  9. Derivatives Analysis and Valuation.
  10. Foreign Exchange Exposure and Risk Management.
  11. International Financial Management.
  12. Interest Rate Risk Management
  13. Business Valuation
  14. Mergers, Acquisition and Corporate Restructuring.
  15. Startup Finance

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Paper 3: Advanced Auditing, Assurance and Professional Ethics (100 Marks)

Topics Covered in this Subject are as follows-

Module 1:

  1. Quality Control
  2. General Auditing Principles and Auditors Responsibilities
  3. Audit Planning, Strategy and Execution
  4. Materiality, Risk Assessment and Internal Control
  5. Audit Evidence
  6. Completion and Review.
  7. Reporting

Module 2:

Specialised Areas

Audit-related services.

Review financial information and provide assurance services.

Digital Auditing and Assurance Group Audits

Special Features of Auditing Banks and Non-Banking Financial Companies

Module 3:

  • An overview of auditing public sector undertakings.
  • Internal audits include due diligence, investigations, and forensic audits.
  • Emerging areas: Sustainable Development Goals (SDGs) and the Environment, Social, and Governance (ESG) Assurance
  • Professional Ethics and Liabilities of Auditors

Paper 4: Direct Tax Laws and International Taxation (100 Marks)

Topics Covered under Company Law are as follows –

Module 1:

  1. Basic Concepts
  2. Incomes that are not part of Total Income
  3. Business or professional profits, capital gains, and other sources of income.
  4. Income of Other Persons is included in the assessee’s total income.
  5. Aggregation of Income, Set Off or Carry Forward of Losses
  6. Deductions for Gross Total Income

Module 2:

  1. Assessment of Different Entities
  2. Evaluation of Trusts, Institutions, Political Parties, and Other Special Entities
  3. Tax Planning, Avoidance, and Evasion
  4. Taxation on Digital Transactions

Module 3:

  1. Deduction, Collection and Recovery of Tax
  2. Income Tax Authorities
  3. Assessment Procedure
  4. Appeals and Revision
  5. Dispute Resolution
  6. Miscellaneous Provisions
  7. Provisions to Counteract Unethical Tax Practices
  8. Tax Audit and Ethical Compliances

Module 4:

  1. Non Resident Taxation
  2. Double Taxation Relief
  3. Advance Rulings
  4. Transfer Pricing
  5. Fundamentals of BEPS
  6. Application and Interpretation of Tax Treaties
  7. Overview of Model Tax Conventions
  8. Latest Developments in International Taxation

Note – Students should be aware that the portions of the Companies Act, 1956 that are still in effect will be included in your syllabus until their relevant sections are no longer enforced by the Companies Act, 2013.

Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)

The subject is divided into three categories-

Module 1:

  1. Supply Under GST
  2. Charge Of GST
  3. Place of Supply
  4. Exemptions from GST
  5. Time of Supply
  6. Value of Supply

Module 2:

  1. Input Tax Credit
  2. Registration
  3. Tax Invoice, Credit and Debit Notes
  4. Accounts and Records; E-way Bill
  5. Payment of Tax
  6. Electronic Commerce Transactions Under GST
  7. Returns

Module 3:

  1. Import and Export Under GST
  2. Refunds
  3. Job Work
  4. Assessment And Audit
  5. Inspection, Search, Seizure and Arrest
  6. Demand and Recovery
  7. Liability to Pay in Certain Cases
  8. Offences and Penalties and Ethical Aspects under GST
  9. Appeals and Revisions
  10. Advance Ruling
  11. Miscellaneous Provisions

Module 4:

  1. Levy of Exemptions from Customs Duty
  2. Types of Duty
  3. Classification of Imported & Exported Goods
  4. Valuation Under the Customs Act, 1962
  5. Importation & Exportation of Goods
  6. Warehousing
  7. Refund
  8. Foreign Trade Policy

Paper 6: Integratedd Business Solution

PAPER – 6 (SET – A)        

Corporate and Economic Laws

 Topics Covered –

Module 1:

  1. A Company Law

Module 2:

  1. Securities Laws

Part – II Economic Laws

  1. The Foreign Exchange Management Act, 1999
  2. The Foreign Contribution Regulation Act, 2010
  3. The Insolvency and Bankruptcy Code, 2016

PAPER – 6 (SET – B)        

Strategic Cost and Performance Management

Topics Covered –

Module 1: Strategic Cost Management

  • Introduction to Strategic Cost Management.
  • Modern Business Environment
  • Expert in lean systems and innovation. Cost Management Techniques
  • Cost Management Strategies for Emerging Business Models
  • Strategic Revenue Management
  • Strategic profit management.

Module 2: Strategic Performance Management

  • An Introduction to Strategic Performance Management.
  • Strategic Performance Measures in the Private Sector.
  • Strategic Performance Measures in Non-Profit Organisations
  • preparation of performance reports.
  • Case Study: Divisional Transfer Pricing and Standard Costing.

This is the full syllabus for the Chartered Accountancy Course. You may learn more about CA examinations in the complete guide.

All of the final exam papers are worth 800 marks. To pass all of the papers in the CA final result, a student must obtain a 40% mark. CA syllabus 2024 PDF is published on the ICAI’s official website, and it contains detailed information about each subject.

References & Sources

The Agrawal Classes team wrote and reviewed this complete guide to the Chartered Accountancy syllabus. Here are the references and sources we considered.

  1. ICAI CA Foundation Syllabus PDF
  2. ICAI CA Intermediate Syllabus pdf
  3. ICAI CA Final Syllabus PDF

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FAQs

Ques 1. How many levels of the exam are there for CA?

The ICAI conducts CA exams at three levels: foundation, intermediate, and final level. After passing these stages, one will receive the qualification of Chartered Accountant.

Ques 2. What is the syllabus of the CA Foundation Course?

The CA Foundation course covers Principles and Practice of Accounting, Business Laws and Correspondence and Reporting, Mathematics, Logical Reasoning and Statistics, and Business Economics and Commercial Knowledge.

Ques 3. What is the syllabus of the CA Intermediate Course?

Accounting, Business Laws, Ethics and Communication, Cost Accounting and Financial Management, Taxation, Advanced Accounting, Auditing and Assurance, Information Technology and Strategic Management, Financial Management, and Economics for Finance make up the ICAI Intermediate level CA syllabus.

Ques 4. What is the syllabus of the CA Final Course?

The ICAI CA Final level syllabus includes Financial Reporting, Strategic Financial Management, Advanced Auditing, and Professional Ethics, Corporate and Economic Laws, Strategic Cost Management and Performance Evaluation, Risk Management, Financial Services and Capital Markets, International Taxation, Economic Laws, Global Financial Reporting Standards, Multidisciplinary Case Study, Direct Tax Laws, and International Taxation and Indirect Tax Laws.

Ques 5. How many subjects are there in CA?

There are a total of 16 subjects in the CA Course. The CA Foundation has 4 subjects, and CA Intermediate and Final have 6 subjects each.

Ques 6. Has ICAI made any changes to the Chartered Accountancy syllabus of 2022?

No, the ICAI has not revised the syllabus. However, pupils must be informed of the most recent revisions.

Ques 7. What happens if one fails the CA final exam?

If a CA candidate fails the final exam, he or she will be eligible to take the exam in the next phase. During this phase, pupils will only be faced with the final exam paper, not the prior exam papers. It is not an issue if an aspirant passes the final exam after multiple attempts.

Ques 8. What is the pass mark for CA intermediate papers?

To pass the CA intermediate exams, a student must achieve an overall 50% in all topics, or 40 out of 100 in each. According to the CA syllabus, students must take the complete 800-mark exam to qualify for this level.

Ques 9. Can I pursue the CA course without maths?

Yes, students without a math background can take the CA course. Mathematics is only available at the Foundation level. Students, on the other hand, must have a strong understanding of mathematics in order to tackle complex issues.

Ques 10. Which subject is challenging in CA?

At Agrawal Classes, we have taught thousands of students and evaluated their performance. So, from our perspective, auditing, advanced accounting, taxation, and costing are more difficult subjects for pupils. However, students with a learning mindset can overcome them.

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