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ICAI CA Intermediate Syllabus for Dec 2021 (Updated)

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CA Intermediate Syllabus

CA Aspirants! You can get all the details of the CA Intermediate Syllabus 2021 along with the Subject of the Dec 2021 session in this article. ICAI has issued the CA Inter syllabus for Dec 2021 exams on its official website. There are a total of 8 Papers as per ICAI CA Intermediate subjects.

The CA Intermediate subjects are categorized into 2 groups. The CA Inter group 1 subjects include accounting, corporate and other laws, cost and management accounting, and taxation. On the other hand, CA Inter group 2 subjects include advanced accounting, auditing, strategic management, and financial management.

Aspiring students willing to appear for the CA Intermediate Exam must register in the first process. They shall receive the newly revised ICAI CA Intermediate syllabus 2021. As inter exams are challenging, students should prepare well and get a good CA Intermediate result.

In this article, you’ll get to know about the ICAI CA Intermediate syllabus 2021 for the Dec session, along with marks-wise distribution.

CA Intermediate Syllabus for Dec 2021

Paper 1– ACCOUNTING

The CA Intermediate Accounting Syllabus contains 6 Chapters. For the preparation of CA Intermediate Exams, students must follow the particulars of every chapter.

ChapterChapter Names
1Process of formulation of Accounting Standards including Ind ASs (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs.
2Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards).
3Applications of Accounting Standards
4Company Accounts
5Accounting for Special Transactions
6Special Type of Accounting

Paper 2– CORPORATE AND OTHER LAWS

CA Intermediate Law Syllabus consists of 2 parts: Company Law & Other Laws. The detailed syllabus of both parts is mentioned below:

Part I- Company Law

ChapterChapter Names
1Preliminary
2Incorporation of Company and Matters Incidental thereto
3Prospectus and Allotment of Securities
4Share Capital and Debentures
5Acceptance of Deposits by Companies
6Registration of Charges
7Management and Administration
8Declaration and Payment of Dividend
9Accounts of Companies
10Audit and Auditors

Part II- Other Laws

Part II- Other Laws 
ChapterChapter Names
1The Contract Act, 1872
2The Negotiable Instruments Act, 1881
3The General Clauses Act, 1897
4Interpretation of statutes

Paper 3– COST AND MANAGEMENT ACCOUNTING

The full CA Intermediate Cost & Management Accounting Syllabus is as follows:

ChapterChapter Names
1Overview of Cost and Management Accounting
2Ascertainment of Cost and Cost Accounting System
3Methods of Costing
4Cost Control and Analysis

Paper 4– TAXATION

Find underneath the full syllabus of the 4th Paper for CA Intermediate that is Taxation.  The CA Intermediate taxation syllabus has two parts: Income Tax Law and Indirect Taxes.

Part A– Income Tax Law

ChapterChapter Names
1Basic Concepts
2Residential Status and scope of total income
3Incomes that do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts)
4Heads of income and, provisions governing computation of income under different heads
5The income of other persons included in the assessee’s total income
6Aggregation of income; set-off, or carry forward and set-off of losses
7Deductions from gross total income
8Computation of total income and tax liability of individuals
9Advance tax, tax deduction at source and Introduction to tax collection at source
10Provisions for filing return of income and self-assessment

Part B– Indirect Taxes

ChapterChapter Names
1Concept of Indirect Taxes
2Goods and Service Tax (GST) Laws

Paper 5– ADVANCED ACCOUNTING

The CA Intermediate Syllabus of Advanced Accounting is as follows:

ChapterChapter Names
1Application of Accounting Standards
2Special Aspects of Company Accounts
3Reorganization and Liquidation of Companies
4Banking Companies and Non-Banking Financial Companies and regulatory requirements thereof
5Consolidated Financial Statements
6Dissolution of partnership firms

Paper 6– AUDITING AND ASSURANCE

The CA Intermediate Auditing and Assurance Syllabus are:

ChapterChapter Names
1Nature, Objective, and Scope of Audit
2Audit Strategy, Audit Planning and Audit Programme
3Audit Documentation and Audit Evidence
4Risk Assessment and Internal Control
5Fraud and Responsibilities of the Author in this Regard
6Audit in an Automated Environment
7Audit Sampling
8Analytical Procedures
9Audit of Items of Financial Statements
10The Company Audit
11Audit Report
12Audit of Banks
13Audit of Different Types of Entities

Paper 7– ENTERPRISE INFORMATION SYSTEM & STRATEGIC MANAGEMENT

The Enterprise Information System and Strategic Management System Syllabus have two sections in the CA Intermediate Exam 2021.

Section A- Enterprise Information System & Section B- Strategic Management. 

Section A– Enterprise Information System

ChapterChapter Names
1Automated Business Processes
2Financial and Accounting Systems
3Information Systems and its Components
4E-commerce, M-commerce, and Emerging Technologies
5Core Banking Systems
Section B– Strategic Management 
ChapterChapter Names
1Introduction to Strategic Management
2Dynamics of Competitive Strategy
3Strategy Management Process
4Corporate Level Strategies
5Business Level Strategies
6Functional Level Strategies
7Organization and Strategic Leadership
8Strategy Implementation and Control

Paper 8– FINANCIAL MANAGEMENT & ECONOMICS FOR FINANCE

The Financial Management & Economics for finance Syllabus consists of the following in December 2021: 

Part A– Financial Management 
ChapterChapter Names
1Financial Management and Financial Analysis
2Financing Decisions
3Capital Investment and Dividend Decisions
4Management of Working Capital
Part B– Economics for Finance 
ChapterChapter Names
1Determination of National Income
2Public Finance
3The Money Market
4International Trade

Students can download the CA Intermediate syllabus PDF from the official website of ICAI. It is recommended to all the candidates that they should follow the ICAI Intermediate syllabus and study material and don’t fall into the trap of outside sources. The question papers will be set based on the ICAI syllabus only.

Moreover, after the CA Intermediate registration, ICAI also dispatch the study material to the students. However, it can take a time of 30 days. If a students didn’t get the study material during this period, then they can contact to ICAI.

Updated CA Intermediate Syllabus for December 2021

ICAI has notified a few modifications and changes for the CA Intermediate Syllabus in December 2021. The following sections mention the latest changes with details for the CA Intermediate Subjects and Syllabus by the ICAI.

Addition made in the CA Intermediate Syllabus of December 2021 are:

You will find the latest updates in the Syllabus of CA Intermediate December 2021. 

Paper 1 Accounting topics are transferred as Advanced Accounting in Paper 5. 

ICAI has added breaking down of Partnership firms, including a piecemeal scattering of assets close by the change of association firm into an association and arrangement to an association which is an issue related to accounting in confined danger affiliation.

CA Intermediate Paper 4A-Income Tax Law Syllabus Updates.

Coming up next are generally the movements made by the ICAI in Paper 4A Income charge law of CA Intermediate December 2021 Examination.

Computation of AMT recollected (equivalent to section 35AD and 10AA) through Study Guidelines in the subject “Estimation of complete compensation and cost liability of individuals.”

Marks Distribution of ICAI CA Intermediate Syllabus Dec 2021

PaperSubjectSectionMarksType
Paper 1Accounting (100 Marks)Descriptive
Paper 2Corporate Laws and Other Laws  70% Descriptive 30% Objective
  Corporate Laws(60 Marks) 
  Other Laws(40 Marks) 
Paper 3Cost and Management Accounting (100 Marks)Descriptive
Paper 4Taxation  70% Descriptive 30% Objective
  Direct Tax Laws(60 Marks) 
  Indirect Tax Laws(40 Marks) 
Paper 5Advanced Accounting (100 Marks)Descriptive
Paper 6Auditing and Assurance (100 Marks)70% Descriptive 30% Objective
Paper 7Enterprise Information System and Strategic Management  70% Descriptive 30% Objective
  Enterprise Information System(50 Marks) 
  Strategic Management(50 Marks) 
Paper 8Financial Management and Economics for Finance  Descriptive
  Financial Management(60 Marks) 
  Economics for Finance(40 Marks) 

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To Conclude

With this descriptive article on the CA Intermediate Syllabus and Subjects for December 2021 examinations, you can make a daily routine and crack the exams in the first attempt. Make sure you complete the CA Inter syllabus on time so that you can also revise it at least 2-3 times. Remember, revision and solving mock test papers are very important to crack the CA Intermediate exams.

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