Table of Content
Introduction to Accounting Standards
One of the prestigious courses that demand a lot of effort in CA inter. To become a chartered accountant, one must pass all of the ICAI exams. Exam success is challenging for students, which is caused by inadequate instruction. Accounting is one of the numerous courses included in the CA course. We’ll go over a few pointers in this article that will help you do well on your Accounting exams.
To clear the CA intermediate course, CA candidates need to follow some strategies. The strategies are as follows:
- Create a study schedule in accordance with the dates of the CA Inter exams.
- Just download the ICAI CA Inter study material for the 2023 try, as May 2023 examinations are the following. Also, we have provided the ICAI Inter study guide here in both Hindi and English.
- Sign up for the top coaching Candidates must enrol in the top CA intermediate coaching facility in order to adequately prepare for the course.
- To aid them during review, students must create their own revision ca inter notes pdf.
- Applicants must concentrate on statistics and logical reasoning.
- Calculators must be controlled by students.
- During the study, candidates are required to take a short rest.
- Candidates for the intermediate CA exam should attempt at least three revisions.
- For better preparation, candidates should solve sample test questions.
- During the exam, candidates should concentrate on how to write an answer.
- CA applicants should make plans to attempt to complete the most recent revision.
Many students have benefited from these tactics in order to achieve good CA Intermediate scores. If you use the right study methods and study guides, passing intermediate or IPCC shouldn’t be too difficult for you.
Paper 1 – Accounting (100 marks)
| Objective – To acquire the ability to apply specific accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities. | |
| 1. Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs | |
| 2. Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards) | |
| 3. Applications of Accounting Standards: | AS 1 : Disclosure of Accounting Policies
AS 2 : Valuation of Inventories AS 3 : Cash Flow Statements AS 10 : Property, Plant and Equipment AS 11 : The Effects of Changes in Foreign Exchange Rates AS 12 : Accounting for Government Grants AS 13 : Accounting for Investments AS 16 : Borrowing Costs |
| 4. Company Accounts | (i) Preparation of financial statements – Statement of Profit and Loss, Balance Sheet
and Cash Flow Statement; (ii) Managerial Remuneration; (iii) Profit (Loss) prior to incorporation; (iv) Accounting for bonus issue and right issue; (v) Redemption of preference shares; (vi) Redemption of debentures |
| 5. Accounting for Special Transactions: | (i) Investment;
(ii) Insurance claims for loss of stock and loss of profit; (iii) Hire- purchase and Instalment sale transactions |
| 6. Special Type of Accounting | (i) Departmental Accounting;
(ii) Accounting for Branches including foreign branches; (iii) Accounts from Incomplete Records |
CA Intermediate Accounting Study Material (English)
| Module 1 | Module 2 | Module 3 |
| Initial Page | Initial Page | Initial Page |
| Chapter 1: Introduction to Accounting Standards | Chapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements Unit 2: Cash Flow Statement |
Chapter 9: Investment Accounts |
| Chapter 2: Framework for Preparation and Presentation of Financial Statements | Chapter 5: Profit or Loss Pre and Post Incorporation | Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit |
| Chapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards Unit 2: Overview of Accounting Standards |
Chapter 6: Accounting for Bonus Issue and Right Issue | Chapter 11: Hire Purchase and Instalment Sale Transactions |
| Chapter 7: Redemption of Preference Shares | Chapter 12: Departmental Accounts | |
| Chapter 8: Redemption of Debentures | Chapter 13: Accounting for Branches Including Foreign Branches | |
| Chapter 14: Accounts from Incomplete Records |
CA Intermediate Accounts Study Material (Hindi)
| Module 1 | Module 2 | Module 3 |
| Initial Pages | Initial Page | Initial Page |
| Chapter 1: Introduction to Accounting Standards | Chapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements Unit 2: Cash Flow Statement |
Chapter 9: Investment Accounts |
| Chapter 2: Framework for Preparation and Presentation of Financial Statements | Chapter 5: Profit or Loss Pre and Post Incorporation | Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit |
| Chapter 3: Overview of Accounting Standards
Unit 1: Applicability of Accounting Standards Unit 2: Overview of Accounting Standards |
Chapter 6: Accounting for Bonus Issue and Right Issue | Chapter 11: Hire Purchase and Instalment Sale Transactions |
| Chapter 7: Redemption of Preference Shares | Chapter 12: Departmental Accounts | |
| Chapter 8: Redemption of Debentures | Chapter 13: Accounting for Branches Including Foreign Branches | |
| Chapter 14: Accounts from Incomplete Records |
How to Study Accounts for CA Intermediate?
ICAI's Study Material
Whether you are receiving coaching or performing self-study, the ICAI Study Material ought to be your first choice. No matter what anyone says, ICAI’s Study Material is the greatest book for the CA course.
Every topic that is mentioned in the study materials should be read.
Each notion should be read in detail along with its images.
Concept Register
Create a separate concept register where you can record the concepts you are learning in your language along with an explanation. You would find this register to be quite helpful when studying.
Practice
For each concept, try to answer as many questions as you can. You can consult any book, including the one published by your coaching institute, for this. In your notepad, write your errors.
Do Smart Study
- Mark the questions that cover various topics as you study them, and then record the answers in the book alongside the question. You can use this when revising. You can concentrate on the points made by such queries.
- Identify similar inquiries. This can assist you in preventing time wasted, as answering questions that are similar wastes time.
- Daily study.
- Set a time limit every time you answer a certain question. You will speed up as a result of this. Set a timer for a question when you are studying. For instance, the maximum time allotted for answering a question with an 8-mark weighting should be 14.4 minutes (8*1.8).
- Establish daily goals. Goals ought to be reachable.
- Keep up with any changes that the ICAI posts to its website along with RTP.
How To Prepare Accounts for exams?
Making a good plan is one of the most crucial aspects of exam preparation. Create a written revision plan. Set a goal to finish the entire subject in a specific number of days.
The first revision should be finished in no more than 20 days. Review each idea and all of its related questions during the first revision. Concentrate on your presentation and approach questions like you would in an exam.
You’ve already remembered your curriculum after one revision. Resolve the ICAI-issued RTPs for the current and previous attempts. Look for and concentrate on your issues. Answer the questions from previous tries.
Concentrate on your trouble spots in the second revision. You are not required to respond to every query. Your primary concentration should be on the concepts you find challenging and the problems with multiple-choice components, but don’t forget to review the fundamental ideas as well. It must be finished in no more than 10 days.
Answer at least two mock test questions using suitable exam techniques. This will assist you in developing your confidence and overcoming your exam anxiety. You will learn about the issues you encounter while writing a paper. You are welcome to participate in the ICAI’s regional branches’ Mock Test Papers.
Paper Pattern
After finishing up our preparation, let’s concentrate on the paper pattern. There are six questions on the exam. Examinees must attempt four out of the remaining five questions, with the first question being required. The weight of each question is 20 marks.
CA Inter Accounts Syllabus Distribution
The ICAI-provided syllabus serves as the foundation for the CA Intermediate question paper. Applicants should be aware that only the revised syllabus will be used to produce the question paper by the ICAI. So, applicants must review the official syllabus and create a study plan following it before beginning their preparation for the CA Intermediate exams. The syllabus contains detailed information about the topics and subtopics covered in the CA Intermediate exams.
Paper included in CA Intermediate 2023 exam
| Groups | Papers | Details |
| Group 1 | Paper-1 | Accounting |
| Paper-2 | Corporate and Other Laws | |
| Paper-3 | Cost and Management Accounting | |
| Paper-4 | Taxation | |
| Group 2 | Paper-5 | Advanced Accounting |
| Paper-6 | Auditing and Assurance | |
| Paper-7 | Enterprise Information Systems & Strategic Management | |
| Paper-8 | Financial Management & Economics for Finance |
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