ICAI CA Exam Syllabus 2024, Course-Wise Important Topics, Paper-wise Topics, Chapterwise Details, High Weightage Chapters

ICAI Syllabus 2024: ICAI Foundation Course Syllabus

• ICAI Foundation Exam is the primary level of testing of Chartered Accountancy.
• ICAI conducts the exam two times a year in May and November.
• ICAI Foundation Course Exam is divided into four papers, each of which carries a total of 100 marks.

The topics asked in each of the four papers of the CA Foundation syllabus are mentioned in the table below:

ICAI Foundation Paper I: Principles and Practice of Accounting

Given below are some important topics asked in Paper I: Principles and Practices of Accounting:

• Theoretical Framework
• Accounting Process
• Bank Reconciliation Statement
• Inventories
• Concept and Accounting of Depreciation
• Accounting for Special Transactions
• Final Accounts of Sole Proprietors
• Partnership Accounts
• Financial Statements of Not-for-Profit Organizations
• Introduction to Company Accounts

ICAI Foundation Paper II: Business Laws and Business Correspondence and Reporting

• The Business Correspondence and Reporting paper is one paper holding a weightage of 100 marks, the time limit of the exam is three hours.
• Applicants have to give Business Correspondence and Reporting Paper in English, no matter whichever language they have opted for.

The detailed topics included in Business Laws and Business correspondence include:

ICAI Foundation Paper III: Business Mathematics, Logical Reasoning and Statistics

This paper has three parts including parts A, B, and C. The detailed topics included in this paper are:

ICAI Foundation Paper IV: Business Economics and Business and Commercial Knowledge

The main purpose of including this section is to judge the candidates’ understanding regarding the concepts and theories in Business Economics and commercial knowledge.

ICAI 2024 Syllabus: ICAI Intermediate Syllabus

The CA Intermediate course includes two groups and a total of eight papers are asked in the paper. More details related to ICAI Intermediate syllabus is provided below:

ICAI 2024 Syllabus: ICAI Final Syllabus

• ICAI CA Final Exam is conducted to give the applicants the final CA certification.
• Candidates need to prepare for subjects like tax and financial management while preparing for this exam.
• ICAI CA Final Exam is conducted offline, twice a year in English or Hindi.
• ICAI CA Final Exam Paper 6 is an elective paper, out of which applicants are required to choose from a variety of topics.
• Applicants are required to score a minimum of 40% in each paper and a minimum of 50% in aggregate to qualify for the exam.
• Each paper will consist of a total of 100 marks with a total duration of 3 hours.

Given below are the papers asked in ICAI CA Final Exam:

ICAI Final Paper 1: Financial Reporting

Given below are some important topics asked in Financial Reporting Paper:

• Preparation Framework & Presentation of Financial Statements
• Analysis of Financial Statements
• Indian Accounting Standards’ Application
• Integrated Reporting
• Indian Accounting Standards on Group Accounting
• Corporate Social Responsibility Reporting
• Accounting and Reporting of Financial Instruments (as per Ind AS)

ICAI Final Paper 2: Strategic Financial Management

Given below are some important topics asked in Financial Management Paper:

• Financial Policy and Corporate Strategy
• Portfolio Management
• Risk Management
• Securitization
• Security Analysis
• Mutual Fund
• Security Valuation
• Derivatives Analysis and Valuation
• Foreign Exchange Exposure and Risk Management
• International Financial Management
• Interest Rate Risk Management
• Corporate Valuation
• Mergers, Acquisitions and Corporate Restructuring
• Startup Finance

ICAI Final Paper 3: Advanced Auditing and Professional Ethics

Given below are some important topics asked in Advanced Auditing and Professional Ethics Paper:

• Auditing Standards, Statements, and Guidance Notes
• Banking special features of audit, Insurance & Non-Banking Financial Companies
• Audit Planning, Strategy, and Execution
• Audit under Fiscal Laws
• Risk Assessment and Internal Control
• Audit of Public Sector Undertakings
• Special aspects of Auditing in an Automated Environment
• Liabilities of Auditors
• Audit of Limited Companies
• Internal Audit, Management and Operational Audit
• Audit Reports
• Due Diligence, Investigation and Forensic Audit
• Audit Committee and Corporate Governance
• Peer Review and Quality Review
• Audit of Consolidated Financial Statements
• Professional Ethics

ICAI Final Paper 4: Corporate and Economic Laws

Given below are some important topics asked in Corporate and Economic Laws Paper:

• Company Law
• Securities Laws

ICAI Final Paper 5: Strategic Cost Management and Performance Evaluation

Given below are some important topics asked in Strategic Cost Management and Performance Evaluation Paper:

Part A: Strategic Cost Management and Decision Making

• Strategic Cost Management
• Cost Management Techniques
• Cost Management for Specific Sectors

Part B: Strategic Decision Making

• Decision Making
• Pricing Strategies/ Decisions

Part C: Performance Evaluation and Control

• Performance Measurement and Evaluation
• Divisional Transfer Pricing
• Strategic Analysis of Operating Income

Part D: Managerial Control

• Budgetary Control
• Standard Costing
• Case Study

ICAI Final Paper 6: Elective Course

ICAI Final Paper 6 is an elective course. Given below are some elective courses out of which the applicants must choose:

Elective A: Risk Management

• Introduction to Risk
• Credit risk measurement and management
• Source and evaluation of risks
• Risk associated with corporate governance
• Risk management
• Enterprise Risk Management
• Evaluation of Risk Management Strategies
• Operational Risk Management
• Risk model

Elective B: Financial Services and Capital Markets

• Global Financial Markets
• Impact of various Policies of Financial Markets
• Capital Market - Primary
• Capital Market - Secondary
• Money Market
• Institutions and Intermediaries
• Commodity Market
• Banking as a source of Capital including NBFCs
• Mutual Funds

Elective C: International Taxation

Part I: Taxation of International Transactions & Non-resident Taxation in India

• Transfer Pricing provisions under the Income-tax Act, 1961
• Other Provisions concerning to taxation of international transactions and non-resident taxation under the Income-tax Act, 1961
• Law and Procedures under the Black Money and Imposition of Tax Act, 2015 – An Overview.

Part II: Other parts of International Taxation

• Overview of Model Tax Conventions
• Tax treaties, Application and Interpretation
• Anti-Avoidance Measures
• Taxation of E-Commerce Transactions

Elective D: Economic Laws

• WTO including its Role, Principles, Functions, & Dispute Settlement Mechanism
• Prevention of Money Laundering Act, 2002 and Rules/ Regulations
• Competition Act, 2002 and Rules/ Regulations
• Foreign Exchange Management Act
• Real Estate Act, 2016
• Prohibition of Benami Property Transactions Act, 1988 & Rules/ Regulations
• Insolvency and Bankruptcy Code

Elective E: Global Financial Reporting Standards

• Application of International Financial Reporting Standards
• Important differences between IFRS and US GAAPs
• Conceptual Framework for Financial Reporting as per IFRS

Elective F: Multidisciplinary Case Study

• Financial Accounting and Reporting
• Management Accounting
• Audit and Assurance
• Corporate Laws
• Taxation
• Business Strategy and Management
• Finance and Financial Management

ICAI Final Paper – 7 : Direct Tax Laws and International Taxation

• Part I : Direct Tax Laws
• Part II: International Taxation

ICAI Final Paper – 8 : Indirect Tax Laws

• Part-I: Goods and Services Tax
• Part-II: Customs & FTP