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:
Module-1
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
Module-2
Chapter 4: Financial Statements of Companies
Unit 1: Preparation of Financial Statements
Unit 2: Cash Flow Statement
Annexure
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
Module-3
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:
Module-1
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
Module-2
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
Module-1
Chapter 1: Basic Concepts
Chapter 2: Residence and Scope of Total Income
Chapter 3: Incomes that do not form part of Total Income
Module-2
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
Module-3
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
Module-1
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
Module-2
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:-
Module-1
Chapter 1: Application of Accounting Standards
Chapter 2: Application of Guidance Notes
Module-2
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
Module-3
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
Annexures
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
Volume-1
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
Volume-2
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.
Module-1
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
Module-2
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:-
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
