CA Intermediate study material

ICAI has released the CA Intermediate Study Material for Dec 2021 examinations. Students can download the Inter study material from the ICAI’s official website. As it covers the whole syllabus, students should give priority to them. 

The CA Intermediate Course is very lengthy, and it is one of the toughest exams in the entire CA Course. Students who want to clear CA Intermediate in the first attempt, have to be focused on your studies. Make a proper plan before starting studying; it will help you complete the syllabus early and have enough time for revision. 

The candidates who need more information about the new study material of CA Intermediate can contact the VSI Jaipur, or you can visit the branch of Vidya Sagar Career Institute (VSI). 

In this article, we have provided the complete CA Intermediate Study Material along with some tips for the CA Intermediate course. 

ICAI CA Intermediate Study Material for Dec 2021

The complete CA Intermediate course is divided into eight papers that are further categorized into two groups. Scroll down below to check the CA Inter study material for each paper. 

ICAI CA Intermediate Study Material for Group 1 

Group 1 of CA Intermediate consists of accounting, law, taxation, costing, etc. The four papers in Group 1 are:

Paper 1- Accounting

Paper 2- Corporate Laws and Other Laws

Paper 3- Cost and Management Accounting

Paper 4- Taxation

Paper 1- Accounting

In Accounting, there are three modules and 15 chapters. The Objective of Intermediate Paper-1 is to solve the problem in the Business Entity. Accounting subjects include sole proprietorship, partnership, and company. The topics covered in Accounting subjects are: 


Chapter 1: Introduction to Accounting Standards

Chapter 2: Framework for Preparation and Presentation of Financial Statements

Chapter 3: Overview of Accounting Standards

Unit 1: Applicability of Accounting Standards

Unit 2: Overview of Accounting Standards


Chapter 4: Financial Statements of Companies

Unit 1: Preparation of Financial Statements

Unit 2: Cash Flow Statement


Chapter 5: Profit or Loss Pre and Post Incorporation

Chapter 6: Accounting for Bonus Issue and Right Issue

Chapter 7: Redemption of Preference Shares

Chapter 8: Redemption of Debentures


Chapter 9: Investment Accounts

Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit

Chapter 11: Hire Purchase and Instalment Sale Transactions

Chapter 12: Departmental Accounts

Chapter 13: Accounting for Branches Including Foreign Branches

Chapter 14: Accounts from Incomplete Records

Chapter 15: Partnership Accounts

Unit 1: Dissolution of Partnership Firms

Unit 2: Amalgamation, Conversion

Paper 2- Corporate and Other Laws

There are two-part in Corporate and Other Laws. Company Law (Part-1) covers 60 marks, and Other Laws (Part-2) covers 40 marks. The purpose of Paper-2 is to make the candidates understand all the Company laws and other laws of the Indian Contract Act. The topics covered under the Companies Act are: 

Part I: Company Law

Chapter 1: Preliminary

Chapter 2: Incorporation of Company and Matters Incidental Thereto

Chapter 3: Prospectus and Allotment of Securities

Chapter 4: Share Capital and Debentures

Chapter 5: Acceptance of Deposits by Companies

Chapter 6: Registration of Charges

Chapter 7: Management & Administration

Chapter 8: Declaration and Payment of Dividend

Chapter 9: Accounts of Companies

Chapter 10: Audit and Auditors

Part II: Other Laws

Chapter 1: The Indian Contract Act, 1872

Unit 1: Contract of Indemnity and Guarantee

Unit 2: Bailment and Pledge

Unit 3: Agency

Chapter 2: The Negotiable Instruments Act, 1881

Chapter 3: The General Clauses Act, 1897

Chapter 4: Interpretation of Statutes, Deeds, and Documents

Paper 3- Cost And Management Accounting

There are two modules in Cost and Management Accounting. Costing is a favourite subject for candidates. Before solving practical questions, your concepts should be clear. The topics covered in the Cost and Management Accounting are:


Chapter 1: Introduction to Cost and Management Accounting

Chapter 2: Material Cost

Chapter 3: Employee Cost and Direct Expenses

Chapter 4: Overheads: Absorption Costing Method

Chapter 5: Activity-Based Costing

Chapter 6: Cost Sheet

Chapter 7: Cost Accounting System


Chapter 8: Unit & Batch Costing

Chapter 9: Job Costing and Contract Costing

Chapter 10: Process & Operation Costing

Chapter 11: Joint Products & By-Products

Chapter 12: Service Costing

Chapter 13: Standard Costing

Chapter 14: Marginal Costing

Chapter 15: Budget and Budgetary Control

Paper- 4 Taxation

Taxation is also divided into two sections, i.e., A and B. Section A is regarding Income Tax laws, and Section B is regarding Indirect Tax. The Income Tax law is of 60 marks, whereas the Indirect Tax is of 40 Marks. Below is the CA Intermediate Taxation Study Material for Dec 2021 examinations. The following topics are covered under Taxation:-

Sec-A: Income-tax Law


Chapter 1: Basic Concepts

Chapter 2: Residence and Scope of Total Income

Chapter 3: Incomes that do not form part of Total Income


Chapter 4: Heads of Income

Unit 1: Salaries

Unit 2: Income from House Property

Unit 3: Profits and Gains of Business or Profession

Unit 4: Capital Gains

Unit 5: Income from Other Sources


Chapter 5: Income of Other Persons included in Assessee’s Total Income

Chapter 6: Aggregation of Income, Set-off and Carry Forward of Losses

Chapter 7: Deductions from Gross Total Income

Chapter 8: Computation of Total Income and Tax Payable

Chapter 9: Advance Tax, Tax Deduction at Source and Introduction to Tax Collection at Source

Chapter 10: Provisions for filing Return of Income and Self-assessment

Sec-B: Indirect Taxes


Chapter 1: GST in India – An Introduction

Chapter 2: Supply under GST

Chapter 3: Charge of GST

Chapter 4: Exemptions from GST

Chapter 5: Time and Value of Supply

Unit I: Time of Supply

Unit II: Value of Supply


Chapter 6: Input Tax Credit

Chapter 7: Registration

Chapter 8: Tax Invoice: Credit and Debit Notes; E-way Bill

Chapter 9: Payment of Tax

Chapter 10: Returns

The above syllabus is all about Group 1 of the CA Intermediate Study Material for Dec 2021

ICAI CA Intermediate Study Material for Group 2

There are four papers in Group 2:

Paper 5- Advanced Accounting

Paper 6- Auditing and Assurance

Paper 7- Enterprise Information Systems and Strategic Management Study Material

Paper 8- Financial Management and Economics for Finance

Paper 5- Advanced Accounting

In Advanced Accounting, there are three modules. Here, you will be studying about accounting standards, shares, debentures, companies, mutual funds and many more. Following topics are covered under Advanced Accounting are:-


Chapter 1: Application of Accounting Standards

Chapter 2: Application of Guidance Notes


Chapter 3: Accounting for Employee Stock Option Plans

Chapter 4: Buy-Back of Securities and Equity Shares with Differential Rights

Chapter 5: Underwriting of Shares and Debentures

Chapter 6: Amalgamation of Companies

Chapter 7: Accounting for Reconstruction of Companies

Chapter 8: Accounting for Liquidation of Companies

Chapter 9: Insurance Companies

Unit 1: Introduction to Insurance Business

Unit 2: Accounting Technique of General Insurance Business

Unit 3: Financial Statements of Insurance Companies

Appendix: Schedule-III to The Companies Act, 2013


Chapter 10: Banking Companies

Unit 1: Some Relevant Provisions of The Banking Regulations Act, 1949

Unit 2: Books of Accounts, Returns and Forms of Financial Statements

Unit 3: Capital Adequacy Norms

Unit 4: Income Recognition, Classification of Assets and Provisions

Unit 5: Some Special Transactions of Banks

Unit 6: Preparation of Financial Statements of Banks


Chapter 11: Non-Banking Financial Companies

Chapter 12: Mutual Funds

Chapter 13: Valuation of Goodwill

Chapter 14: Consolidated Financial Statements

Accounting Pronouncements

Part I: Accounting Standards

Part II: Guidance Notes

Paper 6- Auditing and Assurance

In Auditing and Assurance, there are two modules. Auditing is the most practical oriented subject in CA Course and helps the students in articleship training. Candidates learn the procedure and techniques of Auditing. Following topics covered under Auditing and Assurance are:-

Module 1

Chapter 1: Nature, Objective and Scope of Audit

Chapter 2: Audit Strategy, Audit Planning, and Audit Programme

Chapter 3: Audit Documentation and Audit Evidence

Chapter 4: Risk Assessment and Internal Control

Chapter 5: Fraud and Responsibilities of the Auditor in this Regard

Chapter 6: Audit in an Automated Environment

Chapter 7: Audit Sampling

Chapter 8: Analytical Procedures

Module 2

Chapter 9: Audit of Items of Financial Statements

Chapter 10: The Company Audit

Chapter 11: Audit Report

Chapter 12: Audit of Banks

Chapter 13: Audit of Different Types of Entities

Auditing Pronouncements


Part I: Auditing and Assurance Standards

General Principles and Responsibilities SA 200 – 299

Risk Assessment and Response to Assessed Risk SA 300 – 499

Audit Evidence SA 500 – 599


Using Work of Others SA 600 – 699

Audit Conclusions and Reporting SA 700 – 799

Part II: Statements

Part III: Guidance Notes

Paper 7- Enterprise Information Systems and Strategic Management Study

Paper 7 is a theory subject and is one of the most challenging theory papers. There are five chapters in paper 7(A) and eight chapters in paper 7(B) of Enterprise Information Systems and Strategic Management. Most of the candidates could not clear this exam, so we recommended preparing well for this exam. Following is the Paper 7 CA Intermediate Study Material:-

PAPER 7 (A) Enterprise Information Systems

Topics are covered under Enterprise Information systems are:

Chapter 1: Automated Business Processes

Chapter 2: Financial and Accounting Systems

Chapter 3: Information Systems and its Components

Chapter 4: E-Commerce, M-Commerce and Emerging Technologies

Chapter 5: Core Banking Systems

PAPER 7 (B) – Strategic Management

Topics are covered under Strategic Management

Chapter 1: Introduction to Strategic Management

Chapter 2: Dynamics of Competitive Strategy

Chapter 3: Strategic Management Process

Chapter 4: Corporate-Level Strategies

Chapter 5: Business-Level Strategies

Chapter 6: Functional Level Strategies

Chapter 7: Organisation and Strategic Leadership

Chapter 8: Strategy Implementation and Control

Paper 8- Financial Management and Economics for Finance

In paper 8, you will study the Financial Management concepts and know how to apply such concepts and make informed decisions. 


Chapter 1: Scope and Objectives of Financial Management

Chapter 2: Types of Financing

Chapter 3: Financial Analysis and Planning – Ratio Analysis

Chapter 4: Cost of Capital

Chapter 5: Financing Decisions – Capital Structure

Chapter 6: Financing Decisions – Leverages

Appendix – Financial Tables


Chapter 7: Investment Decisions

Chapter 8: Risk Analysis in Capital Budgeting

Chapter 9: Lease Financing

Chapter 10: Dividend Decisions

Chapter 11: Management of Working Capital

Unit I: Introduction to Working Capital Management

Unit II: Treasury and Cash Management

Unit III: Management of Inventory

Unit IV: Management of Receivables

Unit V: Management of Payables (Creditors)

Unit VI: Financing of Working Capital

Appendix – Financial Tables

This is all about the Group 2 of CA Intermediate Study Material. 

CA Intermediate Study Tips for Dec 2021

The following are the study tips for CA Intermediate Course:-

  1. Make your Study Plan: Make proper plans before starting studying. This way you can complete your syllabus on time. Remember making a plan is very easy, but it is very challenging to execute it successfully. Your plan should be excellent and effective, and according to your capacity.
  2. Stay away from the Internet, Television, and Phone: These devices are the main reason for distraction from your studies. It is advised that candidates should stay away from them while studying. 
  3. Try to complete the syllabus before two months: If you complete the syllabus with two months left, then you have sufficient time to revise. Don’t jump directly to the model test papers or any practice test book; first, go through your syllabus and revise it properly. 
  4. Solve Mock test or past ICAI CA Intermediate Question Papers: After revision, solving mock test papers or previous year question papers will help you in knowing your strong and weak points. It also boosts your self-confidence and reduces pressure during exams. Solving more and more test papers can improve your time management, and it is the best way to analyze yourself. 
  5. Prepare your notes: The Intermediate course is too long to complete in 8 months. So when you are studying a chapter, also make its notes. The notes should be made by you only. Also, the notes should be short, clear and cover the whole topic. 
  6. Use ICAI Study Material for CA Intermediate:- ICAI publishes its CA Intermediate Study Material every year. Do study from the ICAI study material because it is updated, covers the whole syllabus and majority questions come from it.

What Next After Getting CA Intermediate Study Material?

After getting ICAI CA Inter study material, students can commence their preparation. Try to follow your plans and complete it within time. Students need to revise properly and solve sample papers for assessment. 

CA Intermediate Course is not easy to clear; you need to study smartly and need some guidance to crack the exam in the first attempt. VSI Jaipur is the only CA Institute that has broken the records of ICAI. It has the best mock test papers, and they taught students from the ICAI study material. They complete the course early and give maximum time for revision to the candidates. 

Before the examination, VSI Students prepare for their mock test. It gives them confidence and improves time management in examination time. That is the reason VSI students score All India 1st Rank in CA intermediate exams. Akshat Goyal, VSI Students Score the Highest marks in the history of ICAI in CA Inter, and he secured the All India 1st rank. 

In this article, we have provided the complete ICAI CA Intermediate study material for Dec 2021 examinations. Students should check and start their preparation. You can share this article with your friends or any CA Aspirant who is giving the CA Intermediate exams of Dec 2021.