For CA Group to Take After 10th

Which group we have to take after passing 10th for CA in Intermediate, would you please provide here???

[Arun Vats]

The Institute of Chartered Accountants of India (ICAI) regulates the enrolment and certification of CA’s in India.

It is advisable to pursue the Intermediate program (+2) in commerce stream as it will provide the basic knowledge of the major subjects you will be studying during the chartered accountancy course.

Having done +2 in commerce stream will make you familiar with the basic of accountancy and important accounting terms, economics etc.

Eligibility:
For PE-1:
Those who have passed the intermediate examination from commerce stream can register for the test.

For PE-2:
Those who have passed the PE-1/Foundation course are eligible to apply for the second level

For Final:
Applicants who have successfully completed the PE-2 exam can apply for the final level exam.

CA Exam Syllabus

GROUP – I

Paper 1: Accounting

(3 hours)

Accounting Standards
Introduction to Accounting Standards
Overview of Accounting Standards

AS 1: Disclosure of Accounting Policies

AS 2: Valuation of Inventories

AS 3: Cash Flow Statements

AS 6: Depreciation Accounting

AS 7: Construction Contracts

AS 9: Revenue Recognition

AS 10: Accounting for Fixed Assets

AS 13: Accounting for Investments

AS 14: Accounting for Amalgamations

Financial statements of Company
Preparation of financial statements
Cash flow Statement (Profit and Loss Account, Balance Sheet and Cash Flow Statement)



Profit/Loss prior to incorporation
Accounting for Bonus Issue
Amalgamation and Reconstruction



Average Due Date and Account Current
Self-Balancing Ledgers
Financial Statements of Not-for-Profit Organisations
Accounts from Incomplete Records
Accounting for Special Transactions

(a) Hire purchase and installment sale transactions

(b) Investment accounts

(c) Insurance claims for loss of stock and loss of profit.

Issues in Partnership Accounts
Accounting in Computerized Environment



Paper 2: Business Laws, Ethics and Communication

(3 hours)

Business Laws (30 marks)

The Indian Contract Act, 1872
The Negotiable Instruments Act, 1881
The Payment of Bonus Act, 1965
The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
The Payment of Gratuity Act, 1972

Company Law (30 marks)

The Companies Act, 1956 – Sections 1 to 197

Preliminary
Prospectus
Share and Share capital
Meetings

Ethics (20 marks)

1. Principles of Business Ethics

2. Environment Issues.

3. Ethics in Workplace

4. Ethics in Marketing and Consumer Protection

5. Ethics in Accounting and Finance

Communication (20 marks)

1. Elements of Communication

2. Communication in Business Environment

3. Basic Understanding of Legal Deeds and Documents



Paper 3: Cost Accounting and Financial Management

(3 hours)

Cost Accounting

Introduction to Cost Accounting
Materials
Labour
Overheads
Non-Integrated Accounts
Methods of
Job and Batch
Contract
Operating
Process and Operation
Standard Costing
Marginal Costing
Budgets and Budgetary Control



Financial Management

Scope and Objectives of Financial Management
Time Value of Money
Financial Analysis and Planning
Financing Decisions
Types of Financing
Investment Decisions
Management of working capital



Paper 4: Taxation

(3 hours)

Part 1: Income-tax (50 marks)

The Income-tax Act, 1961

Basic concepts
Residential status and scope of total income
Incomes which do not form part of total income ( Sec 10)
5 Heads of income
Provisions of Clubbing
Set-off and carry forward of losses
Deductions from gross total income
Computation of total income and tax payable
Provisions concerning Advance tax and TDS
Provisions for filing of return of income.

Part 2: Service tax (25 marks)

Concepts and general principles
Charge of service tax and Valuation
Payment of service tax and filing of returns

Part 3: VAT (25 marks)

Concepts and general principles
Input Tax Credits and Composition Scheme for Small Dealers
VAT Procedures


GROUP II

Paper 5: Advanced Accounting
(3 hours)

Conceptual Framework for Preparation and Presentation of Financial Statements
Accounting Standards

AS 4: Contingencies and Events occurring after the Balance Sheet Date

AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS 11: The Effects of Changes in Foreign Exchange Rates

AS 12: Accounting for Government Grants

AS 16: Borrowing Costs

AS 19: Leases

AS 20: Earnings per Share

AS 26: Intangible Assets

AS 29: Provisions, Contingent Liabilities and Contingent Assets

Advanced Issues in Partnership Accounts
Company Accounts
Employee stock option plan and Buy back of securities
Amalgamation and Reconstruction
Underwriting of shares and debentures
Redemption of debentures
Accounting for Special Transactions
Insurance Companies
Banking Companies
Electricity Companies
Departmental accounts
Branch accounts including foreign branches

Paper 6: Auditing and Assurance

Auditing Concepts
Auditing and Assurance Standards
Preparation for an Audit
Internal Control
Vouching
Verification of Assets and Liabilities
Company Audit
Audit Report
Special Audits

Paper 7: Information Technology and Strategic Management

(3 hours)

Part 1: Information Technology

Computer software
Data Storage, Retrievals and Data Base Management Systems
Computer Networks & Network Security
Internet and other technologies
Flowcharts, Decision Tables

Part 2: Strategic Management

Business Environment
Business Policy and Strategic Management
Strategic Analyses
Strategic Planning
Formulation of Functional Strategy
Strategy Implementation and Control
Reaching Strategic Edge