ICAI CA Exam Syllabus 2027 is prescribed by the Institute of Chartered Accountants of India (ICAI) at icai.org. The syllabus covers all three levels of the Chartered Accountancy programme: CA Foundation, CA Intermediate, and CA Final. Students appearing in the May 2027 or November 2027 sessions should follow the New Scheme of Education and Training syllabus, which has been in effect since May 2023.
- The ICAI CA 2027 syllabus covers three levels: CA Foundation (4 papers), CA Intermediate (6 papers in 2 groups), and CA Final (6 papers in 2 groups).
- The syllabus is unchanged from the New Scheme (2023) — no revisions have been announced for the 2027 cycle as of September 2026.
- CA Final Paper 6: Integrated Business Solutions is a multi-disciplinary open-book case study paper unique to the New Scheme.
- Important topics in the CA Intermediate Taxation paper include Income Tax Law (60 marks) and GST under Indirect Taxes (40 marks).
- The official syllabus PDF and study material are available at icai.org under the Board of Studies section.
- ICAI conducts CA exams twice a year: the May/June session and the November session.
- Students must register with ICAI before the prescribed cut-off dates to be eligible for the respective exam session.
Download the official ICAI CA 2027 syllabus and study material from icai.org before building your study plan.
ICAI CA Syllabus 2027 PDF: Level-wise Download Links
ICAI makes the official syllabus and study material available on its website. Download the relevant level’s syllabus PDF using the links below.
| CA Level | Official Syllabus / Study Material |
|---|---|
| CA Foundation | CA Foundation Syllabus & Study Material PDF |
| CA Intermediate | CA Intermediate Syllabus & Study Material PDF |
| CA Final | CA Final Syllabus & Study Material PDF |
ICAI CA Exam 2027: Overview
The Institute of Chartered Accountants of India (ICAI) conducts the CA examination under the New Scheme of Education and Training. The New Scheme replaced the old Foundation Course, IPCC, and Final structure from 2023. You must clear all three levels — Foundation, Intermediate, and Final — along with prescribed practical training to become a Chartered Accountant.
| Detail | Information |
|---|---|
| Conducting Body | Institute of Chartered Accountants of India (ICAI) |
| Official Website | icai.org |
| Exam Levels | CA Foundation, CA Intermediate, CA Final |
| Exam Sessions (2027) | May/June 2027 and November 2027 |
| Syllabus Scheme | New Scheme of Education and Training (effective May 2023) |
| Total Papers — Foundation | 4 papers (400 marks) |
| Total Papers — Intermediate | 6 papers in 2 groups (600 marks) |
| Total Papers — Final | 6 papers in 2 groups (600 marks) |
| Passing Criteria | Minimum 40% in each paper; 50% aggregate per group |
ICAI CA 2027 Important Dates
All 2027 exam events are upcoming as of September 2026. ICAI announces official dates via notifications on icai.org. The dates below are based on ICAI’s typical annual schedule and are subject to official confirmation.
| Event | Expected Date | Session |
|---|---|---|
| CA Foundation Registration Cut-off (May 2027) | January 1, 2027 | May 2027 |
| CA Intermediate / Final Registration Cut-off (May 2027) | January 1, 2027 | May 2027 |
| CA Intermediate / Final Exam (May 2027) | May 2–17, 2027 (Expected) | May 2027 |
| CA Foundation Exam (May 2027) | May 10–13, 2027 (Expected) | May 2027 |
| CA Intermediate / Final Result (May 2027) | July 2027 (Expected) | May 2027 |
| CA Foundation Result (May 2027) | July 2027 (Expected) | May 2027 |
| CA Foundation Registration Cut-off (Nov 2027) | July 1, 2027 | November 2027 |
| CA Intermediate / Final Registration Cut-off (Nov 2027) | July 1, 2027 | November 2027 |
| CA Intermediate / Final Exam (Nov 2027) | November 1–16, 2027 (Expected) | November 2027 |
| CA Foundation Exam (Nov 2027) | November 10–13, 2027 (Expected) | November 2027 |
| CA Foundation Result (Nov 2027) | January 2028 (Expected) | November 2027 |
| CA Intermediate / Final Result (Nov 2027) | January 2028 (Expected) | November 2027 |
CA Foundation Syllabus 2027
The CA Foundation is the entry-level exam under the New Scheme. It has 4 papers: Papers 1 and 2 are subjective (descriptive), and Papers 3 and 4 are objective (MCQ-based). Each paper carries 100 marks.
| Paper | Subject | Marks | Type |
|---|---|---|---|
| Paper 1 | Principles and Practice of Accounting | 100 | Subjective |
| Paper 2 | Business Laws | 100 | Subjective |
| Paper 3 | Quantitative Aptitude (Business Mathematics, Logical Reasoning & Statistics) | 100 | Objective (MCQ) |
| Paper 4 | Business Economics | 100 | Objective (MCQ) |
CA Foundation Paper 1: Principles and Practice of Accounting
| Chapter | Topics |
|---|---|
| Theoretical Framework | Sub-topics — Click Here Meaning and Scope of Accounting; Accounting Concepts, Principles and Conventions; Accounting Standards — concepts, objectives, benefits; Accounting Policies; Accounting as a Measurement Discipline. |
| Accounting Process | Sub-topics — Click Here Books of Original Entry; Preparation of Ledger Accounts; Trial Balance; Subsidiary Books; Cash Book; Bank Reconciliation Statement. |
| Inventories and Depreciation | Sub-topics — Click Here Basis of Stock Valuation; Methods of Inventory Valuation (FIFO, Weighted Average); Concept of Depreciation; Straight Line Method; Written Down Value Method; Change in Depreciation Method. |
| Special Transactions | Sub-topics — Click Here Bills of Exchange and Promissory Notes; Average Due Date; Account Current; Consignment Accounts; Joint Venture Accounts; Sale on Approval or Return Basis. |
| Final Accounts | Sub-topics — Click Here Preparation of Final Accounts of Sole Proprietors; Manufacturing Account; Trading Account; Profit and Loss Account; Balance Sheet; Adjustments in Preparation of Financial Statements. |
| Partnership and Company Accounts | Sub-topics — Click Here Partnership Accounts — Admission, Retirement, Death; Dissolution of Partnership Firms; Company Accounts — Issue of Shares and Debentures; Forfeiture and Reissue; Redemption of Debentures; Financial Statements of Not-for-Profit Organizations; Basic Accounting Ratios. |
CA Foundation Paper 2: Business Laws
| Act / Module | Key Topics |
|---|---|
| Indian Contract Act, 1872 | Offer, Acceptance, Consideration, Capacity, Free Consent, Legality of Object, Performance, Breach, Quasi-contracts, Indemnity, Guarantee, Bailment, Agency |
| Sale of Goods Act, 1930 | Contract of Sale, Conditions and Warranties, Transfer of Property, Performance, Rights of Unpaid Seller |
| Indian Partnership Act, 1932 | Nature of Partnership, Registration, Rights and Duties of Partners, Dissolution of Firm |
| LLP Act, 2008 | Nature of LLP, Incorporation, Partners’ Rights and Duties, Winding Up |
| Companies Act, 2013 (Basics) | Types of Companies, Incorporation, Memorandum and Articles of Association, Share Capital, Meetings |
CA Foundation Paper 3: Quantitative Aptitude
| Section | Topics |
|---|---|
| Part A: Business Mathematics | Sub-topics — Click Here Ratio and Proportion; Indices and Logarithms; Equations (Linear, Simultaneous, Quadratic); Matrices and Determinants; Linear Inequalities; Time Value of Money (Simple Interest, Compound Interest, Annuity); Permutations and Combinations; Sequence and Series (AP, GP); Sets, Functions and Relations; Basic Concepts of Differential and Integral Calculus. |
| Part B: Logical Reasoning | Number Series; Coding and Decoding; Odd Man Out; Direction Tests; Seating Arrangements; Blood Relations; Syllogisms |
| Part C: Statistics | Sub-topics — Click Here Statistical Description of Data; Diagrammatic and Graphic Representation; Frequency Distribution; Measures of Central Tendency (AM, GM, HM, Median, Mode); Measures of Dispersion (Range, QD, MD, SD); Probability (Classical, Empirical, Axiomatic); Theoretical Distributions (Binomial, Poisson, Normal); Correlation and Regression; Index Numbers; Time Series. |
CA Foundation Paper 4: Business Economics
| Section | Topics |
|---|---|
| Part A: Business Economics | Sub-topics — Click Here Nature and Scope of Business Economics; Theory of Demand and Supply (Law, Elasticity, Shifts, Determinants); Theory of Production (Returns to Factor, Returns to Scale); Theory of Cost (Short-run and Long-run Cost Curves); Price Determination under Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly; Business Cycles. |
| Part B: Business and Commercial Knowledge | Business Environment; Business Terminologies; Introduction to Business Finance; Introduction to Financial Markets (Money Market, Capital Market); Select Developments in the Business Environment (e-commerce, Start-ups, FDI, GST basics) |
CA Foundation Exam Pattern 2027
| Paper | Duration | Total Marks | Negative Marking |
|---|---|---|---|
| Paper 1: Accounting | 3 hours | 100 | No |
| Paper 2: Business Laws | 3 hours | 100 | No |
| Paper 3: Quantitative Aptitude | 2 hours | 100 (MCQ) | Yes (0.25 marks per wrong answer) |
| Paper 4: Business Economics | 2 hours | 100 (MCQ) | Yes (0.25 marks per wrong answer) |
CA Intermediate Syllabus 2027
The CA Intermediate level has 6 papers divided into 2 groups. You can appear for both groups together or one group at a time. Each paper carries 100 marks. The New Scheme syllabus applies to students who registered from May 2023 onward.
CA Intermediate Group I Syllabus
| Paper | Subject | Marks |
|---|---|---|
| Paper 1 | Advanced Accounting | 100 |
| Paper 2 | Corporate and Other Laws | 100 |
| Paper 3 | Taxation (Income Tax Law + Indirect Taxes) | 100 |
CA Intermediate Paper 1: Advanced Accounting
| Module | Key Topics |
|---|---|
| Accounting Standards | AS 1 to AS 29 as applicable; Applicability, objectives, disclosure requirements |
| Company Accounts | Sub-topics — Click Here Issue, Forfeiture and Reissue of Shares; Redemption of Preference Shares; Issue and Redemption of Debentures; Employee Stock Option Plans (ESOPs); Buy-back of Securities; Underwriting of Shares and Debentures; Financial Statements of Companies. |
| Reorganization and Liquidation | Amalgamation of Companies (AS 14); Internal Reconstruction; Liquidation of Companies |
| Special Entity Financial Statements | Banking Companies; Insurance Companies; Non-Banking Finance Companies (NBFCs); Electricity Companies |
| Other Topics | Accounts under Incomplete Records; Investment Accounts; Advanced Partnership Accounts (Amalgamation, Conversion to LLP/Company) |
CA Intermediate Paper 2: Corporate and Other Laws
| Part | Topics |
|---|---|
| Part I: Companies Act, 2013 | Sub-topics — Click Here Preliminary; Incorporation of Company; Prospectus and Allotment of Securities; Share Capital and Debentures; Acceptance of Deposits; Registration of Charges; Management and Administration; Declaration and Payment of Dividend; Accounts of Companies; Audit and Auditors; Companies Incorporated Outside India. |
| Part II: Other Laws | General Clauses Act, 1897; Interpretation of Statutes; Foreign Exchange Management Act (FEMA), 1999 — selected provisions relating to import, export, and foreign investment |
CA Intermediate Paper 3: Taxation
| Section | Marks | Topics |
|---|---|---|
| Section A: Income Tax Law | 60 | Sub-topics — Click Here Basic Concepts and Residential Status; Scope of Total Income; Income from Salaries; Income from House Property; Profits and Gains of Business or Profession; Capital Gains; Income from Other Sources; Clubbing of Income; Set-off and Carry Forward of Losses; Deductions from Gross Total Income; Assessment of Individual, HUF, Firms; TDS, TCS, and Advance Tax; Return of Income and Assessment Procedures. |
| Section B: Indirect Taxes (GST) | 40 | Sub-topics — Click Here GST in India — Overview and Basic Concepts; Levy and Collection of Tax; Supply under GST; Charge of GST; Exemptions from GST; Time of Supply; Value of Supply; Input Tax Credit (ITC); Registration; Tax Invoice, Credit and Debit Notes; Accounts and Records; E-way Bill; Payment of Tax; Returns under GST. |
CA Intermediate Group II Syllabus
| Paper | Subject | Marks |
|---|---|---|
| Paper 4 | Cost and Management Accounting | 100 |
| Paper 5 | Auditing and Ethics | 100 |
| Paper 6 | Financial Management & Strategic Management | 100 (50+50) |
CA Intermediate Paper 4: Cost and Management Accounting
| Module | Key Topics |
|---|---|
| Cost Concepts and Classification | Elements of Cost; Material, Labour, and Overheads; Cost Sheet Preparation; Cost Accounting Systems |
| Costing Methods | Job Costing; Batch Costing; Contract Costing; Process and Operation Costing; Operating Costing (Service Costing) |
| Cost Control Techniques | Marginal Costing and CVP Analysis; Standard Costing and Variance Analysis; Budget and Budgetary Control |
| Emerging Concepts | Lean Accounting; Activity-Based Costing (ABC); Target Costing; Life Cycle Costing; Throughput Costing |
CA Intermediate Paper 5: Auditing and Ethics
| Module | Key Topics |
|---|---|
| Audit Fundamentals | Nature, Objective and Scope of Audit; Audit Strategy, Planning and Programme; Audit Documentation |
| Risk and Control | Risk Assessment and Internal Control Evaluation; CAAT (Computer-Assisted Audit Techniques); Internal Audit |
| Audit Evidence and Procedures | Audit Sampling; Gathering Audit Evidence; Analytical Procedures; Audit of Items in Financial Statements |
| Audit Reporting | Types of Audit Opinions; Audit Report as per Standards on Auditing; Qualification and Emphasis of Matter Paragraphs |
| Special Audits and Ethics | Bank Audit; ICAI Code of Ethics; Independence Requirements; Professional Scepticism |
CA Intermediate Paper 6: Financial Management & Strategic Management
| Part | Marks | Topics |
|---|---|---|
| Part A: Financial Management | 50 | Sub-topics — Click Here Scope and Objectives of Financial Management; Financial Analysis (Ratio Analysis, Cash Flow Analysis); Financing Decisions (Sources of Finance, Capital Structure, Leverage); Capital Budgeting Decisions (NPV, IRR, Payback, Profitability Index); Dividend Decisions; Management of Working Capital (Cash, Receivables, Inventory Management, Working Capital Finance). |
| Part B: Strategic Management | 50 | Sub-topics — Click Here Introduction to Strategic Management; Business Environment Analysis (PESTEL, Porter’s Five Forces, SWOT); Strategic Management Process; Corporate-Level Strategies (Growth, Stability, Retrenchment); Business-Level Strategies; Functional Strategies; Organisation Structure and Strategic Leadership; Strategy Implementation, Evaluation and Control. |
CA Final Syllabus 2027
The CA Final is the last level of the CA qualification. It has 6 papers in 2 groups, each paper carrying 100 marks. Paper 6 (Integrated Business Solutions) is a multi-disciplinary, open-book case study paper — unique to the New Scheme. You must complete both groups of CA Intermediate before appearing for CA Final.
CA Final Group I Syllabus
| Paper | Subject | Marks |
|---|---|---|
| Paper 1 | Financial Reporting | 100 |
| Paper 2 | Advanced Financial Management | 100 |
| Paper 3 | Advanced Auditing, Assurance and Professional Ethics | 100 |
CA Final Paper 1: Financial Reporting
| Module | Key Topics |
|---|---|
| Ind AS Framework | Conceptual Framework for Financial Reporting; Ind AS Roadmap and Applicability; First-time Adoption of Ind AS (Ind AS 101) |
| Ind AS on Presentation and General | Ind AS 1 (Presentation of Financial Statements); Ind AS 7 (Cash Flow Statements); Ind AS 8 (Accounting Policies, Estimates and Errors); Ind AS 10 (Events After the Reporting Period) |
| Ind AS on Assets | Sub-topics — Click Here Ind AS 16 (Property, Plant and Equipment); Ind AS 38 (Intangible Assets); Ind AS 40 (Investment Property); Ind AS 36 (Impairment of Assets); Ind AS 2 (Inventories); Ind AS 23 (Borrowing Costs); Ind AS 105 (Non-current Assets Held for Sale). |
| Ind AS on Revenue and Liabilities | Ind AS 115 (Revenue from Contracts with Customers); Ind AS 116 (Leases); Ind AS 37 (Provisions, Contingent Liabilities and Contingent Assets); Ind AS 19 (Employee Benefits) |
| Consolidation and Business Combinations | Sub-topics — Click Here Ind AS 110 (Consolidated Financial Statements); Ind AS 111 (Joint Arrangements); Ind AS 28 (Investments in Associates and Joint Ventures); Ind AS 103 (Business Combinations); Ind AS 27 (Separate Financial Statements). |
| Financial Instruments and Other Topics | Ind AS 32, 107, 109 (Financial Instruments — Presentation, Disclosure, Recognition and Measurement, Hedging); Valuation (Fair Value, Enterprise Value); CSR Reporting; Integrated Reporting; Analysis of Financial Statements |
CA Final Paper 2: Advanced Financial Management
| Module | Key Topics |
|---|---|
| Investment and Risk | Risk Analysis in Capital Budgeting; Security Analysis (Fundamental and Technical); Portfolio Management; Mutual Funds; Derivatives — Futures, Options, Swaps, Swaptions, Exotic Options |
| Corporate Finance | Financial Policy and Corporate Strategy; Optimal Capital Structure; Dividend Policy; Leasing Decisions; Mergers, Acquisitions and Corporate Restructuring; Start-up Finance |
| International Finance | Sub-topics — Click Here International Financial Management; Foreign Exchange Exposure and Risk Management (Transaction, Translation, Economic Exposure); Exchange Rate Determination; Currency Derivatives (Forwards, Futures, Options, Swaps); Interest Rate Risk Management (FRAs, Interest Rate Futures, Interest Rate Swaps); Foreign Trade Finance. |
| Valuation | Bond Valuation; Equity Valuation; Preference Share Valuation; Business Valuation — Various Approaches |
CA Final Paper 3: Advanced Auditing, Assurance and Professional Ethics
| Module | Key Topics |
|---|---|
| Standards on Auditing (SAs) | Quality Control (SQC 1); SAs on General Principles, Risk Assessment, Audit Evidence, Using the Work of Others, Audit Conclusions and Reporting |
| Specialised Audits | Sub-topics — Click Here Audit of Banks; Audit of NBFCs; Audit under Fiscal Laws (Income Tax Act, GST); Forensic Audit; Due Diligence and Investigation; Forensic Accounting; Audit of Public Sector Undertakings; Peer Review and Quality Review. |
| Ethics and Liability | ICAI Code of Ethics (2020 Edition); Independence; Conflict of Interest; Confidentiality; Professional Liability of Auditors; Disciplinary Mechanism |
| Internal Audit and Governance | Internal Audit Standards; Role of Audit Committee; Corporate Governance and Audit; IT Audit; Engagement Standards on Assurance |
CA Final Group II Syllabus
| Paper | Subject | Marks |
|---|---|---|
| Paper 4 | Direct Tax Laws & International Taxation | 100 (70+30) |
| Paper 5 | Indirect Tax Laws | 100 (75+25) |
| Paper 6 | Integrated Business Solutions (Open-Book Case Study) | 100 |
CA Final Paper 4: Direct Tax Laws & International Taxation
| Part | Marks | Topics |
|---|---|---|
| Part I: Direct Tax Laws | 70 | Sub-topics — Click Here Assessment of various entities — Individuals, HUF, Firms, LLPs, Companies, Trusts, AOP/BOI; Corporate Taxation (MAT, AMT); Taxation of Dividend; Assessment Procedures (Search, Seizure, Survey); Settlement Commission; Appeals and Revision; Penalties and Prosecution; Tax Planning, Tax Avoidance and Tax Evasion; Alternate Tax Regimes. |
| Part II: International Taxation | 30 | Sub-topics — Click Here Transfer Pricing — Methods, Documentation, Advance Pricing Agreement (APA), Safe Harbour Rules; Double Taxation Avoidance Agreements (DTAAs); Taxation of Non-Residents; Equalization Levy; Provisions relating to Offshore Funds and Foreign Portfolio Investors; BEPS (Base Erosion and Profit Shifting) Action Plans; Application of OECD and UN Model Tax Conventions. |
CA Final Paper 5: Indirect Tax Laws
| Part | Marks | Topics |
|---|---|---|
| Part I: GST Laws (Advanced) | 75 | Sub-topics — Click Here Levy and Collection; Supply (Composite, Mixed, Exempt); Time and Value of Supply; Input Tax Credit (advanced issues); Registration; Tax Invoice and Documents; Accounts and Records; Audit under GST; Assessment; Demands and Recovery; Refunds; Advance Ruling; Appeals and Revision; Anti-profiteering Provisions; GST Compensation to States; GST Council and Constitutional Provisions. |
| Part II: Customs & Foreign Trade Policy | 25 | Types of Customs Duties (BCD, IGST on imports, Social Welfare Surcharge); Customs Valuation; Import and Export Procedures; Warehousing; Drawback; SEZ Provisions; Foreign Trade Policy — Key Schemes (Advance Authorisation, EPCG, RoDTEP) |
CA Final Paper 6: Integrated Business Solutions (IBS)
Paper 6 is an open-book, multi-disciplinary case study paper that tests cross-subject application. It uses a business scenario and requires you to apply knowledge from all other CA Final subjects. You can carry your study material and reference books into the exam hall for this paper.
| Component | Details |
|---|---|
| Nature of Paper | Multi-disciplinary case study (open-book) |
| Duration | 4 hours |
| Total Marks | 100 |
| Subjects Integrated | Financial Reporting, Advanced Financial Management, Advanced Auditing, Direct Tax Laws, Indirect Tax Laws, Corporate Laws |
| Preparation Strategy | Focus on analytical application and cross-subject integration — practise case studies under timed conditions |
ICAI CA Exam Pattern 2027
The exam pattern for all three CA levels under the New Scheme is given below. Papers at Foundation level are a mix of subjective and objective. Intermediate and Final papers are all subjective, except for the open-book IBS paper at CA Final.
| Level | Paper | Marks | Duration | Type |
|---|---|---|---|---|
| CA Foundation | Paper 1: Accounting | 100 | 3 hours | Subjective |
| Paper 2: Business Laws | 100 | 3 hours | Subjective | |
| Paper 3: Quantitative Aptitude | 100 | 2 hours | Objective (MCQ, –0.25) | |
| Paper 4: Business Economics | 100 | 2 hours | Objective (MCQ, –0.25) | |
| CA Intermediate | Paper 1: Advanced Accounting | 100 | 3 hours | Subjective |
| Paper 2: Corporate & Other Laws | 100 | 3 hours | Subjective | |
| Paper 3: Taxation | 100 | 3 hours | Subjective | |
| Paper 4: Cost and Management Accounting | 100 | 3 hours | Subjective | |
| Paper 5: Auditing and Ethics | 100 | 3 hours | Subjective | |
| Paper 6: Financial Management & SM | 100 | 3 hours | Subjective | |
| CA Final | Paper 1: Financial Reporting | 100 | 3 hours | Subjective |
| Paper 2: Advanced Financial Management | 100 | 3 hours | Subjective | |
| Paper 3: Advanced Auditing & Ethics | 100 | 3 hours | Subjective | |
| Paper 4: Direct Tax & Int’l Taxation | 100 | 3 hours | Subjective | |
| Paper 5: Indirect Tax Laws | 100 | 3 hours | Subjective | |
| Paper 6: Integrated Business Solutions | 100 | 4 hours | Open-book Case Study |
ICAI CA 2027: Subject-wise Weightage and Marks Distribution
Based on ICAI’s syllabus allocation and past exam paper trends, here is the approximate topic-wise marks distribution for each level.
CA Foundation: Topic Weightage by Paper
| Paper | High-Weightage Topics | Approx. Marks |
|---|---|---|
| Accounting (Paper 1) | Company Accounts, Partnership Accounts, Preparation of Final Accounts of Sole Proprietors | 50–60 |
| Business Laws (Paper 2) | Indian Contract Act (including Agency), Companies Act Basics | 50–60 |
| Quantitative Aptitude (Paper 3) | Statistics (Probability, Regression, Time Series), Time Value of Money, Equations | 40–50 |
| Business Economics (Paper 4) | Demand and Supply Analysis, Market Forms, Business Cycles | 50–60 |
CA Intermediate: Topic Weightage Trends
| Paper | High-Weightage Areas | Approx. Marks |
|---|---|---|
| Advanced Accounting | Amalgamation (AS 14), Company Accounts (ESOP, Buyback), Banking Financial Statements | 40–50 |
| Corporate Laws | Companies Act — Share Capital, Management, Accounts, Audit; FEMA Selected Provisions | 60–70 |
| Taxation — Income Tax | Business Income (PGBP), Capital Gains, Assessment of Firms | 35–40 (of 60) |
| Taxation — GST | Input Tax Credit, Supply Provisions, Registration, Returns | 25–30 (of 40) |
| Cost and Management Accounting | Standard Costing and Variance Analysis, Marginal Costing, Budgetary Control | 40–50 |
| Auditing and Ethics | Standards on Auditing (SAs), Bank Audit, Audit Report and Opinions | 40–50 |
| Financial Management (Part A) | Capital Budgeting, Working Capital Management, Capital Structure Theories | 30–35 (of 50) |
CA Final: Topic Weightage Trends
| Paper | High-Weightage Areas | Approx. Marks |
|---|---|---|
| Financial Reporting | Ind AS on Financial Instruments (32/107/109), Consolidated Financial Statements (Ind AS 110), Revenue Recognition (Ind AS 115) | 40–50 |
| Advanced Financial Management | Derivatives (Options, Futures, Swaps), Portfolio Management, Foreign Exchange Risk Management | 40–50 |
| Advanced Auditing | Standards on Auditing, Specialised Audits (Bank, NBFC), Professional Ethics | 40–50 |
| Direct Tax and International Taxation | Corporate Taxation (MAT, Deductions), Transfer Pricing, DTAA Provisions | 40–50 |
| Indirect Tax Laws | GST — ITC, Refunds, Assessment, Audit; Customs Valuation and Procedures | 50–60 |
| Integrated Business Solutions | Cross-subject application across all CA Final papers; case-based analysis | 100 (uniform distribution) |
Best Books for ICAI CA Exam 2027
ICAI’s own study material is the primary and most authoritative resource. Use reference books from leading faculty to supplement your practice.
| Level / Subject | Book / Material | Author / Publisher | Why This Book |
|---|---|---|---|
| All Levels — Primary Resource | ICAI Study Material (SM) and Practice Manual (PM) | ICAI Board of Studies | Official source; exam questions closely follow SM/PM; first and mandatory resource for every subject |
| CA Foundation — Accounting | Fundamentals of Accounting | T.S. Grewal / S. Chand | Clear fundamentals; strong coverage of journal entries, subsidiary books, and final accounts |
| CA Foundation — Business Laws | Business Laws (CA Foundation) | Munish Bhandari / Bharat Law House | Concise coverage of all acts tested at Foundation level; includes MCQs for practice |
| CA Foundation — Quantitative Aptitude | MTPs and RTPs (Session-specific) | ICAI Board of Studies | Objective questions require timed practice; MTPs are the closest simulation of the actual MCQ paper |
| CA Intermediate — Advanced Accounting | Advanced Accounts | R.L. Gupta and Radhaswamy / Sultan Chand | Comprehensive coverage of Accounting Standards and amalgamation problems with worked solutions |
| CA Intermediate — Taxation (Income Tax) | Systematic Approach to Income Tax | Ahuja and Gupta / Bharat Law House | Updated with Finance Act amendments each year; widely used for numerical practice at Intermediate level |
| CA Intermediate — Cost Accounting | Cost Accounting: Theory and Practice | Bhar / Academic Publishers | Comprehensive on standard costing variance analysis and process costing numericals |
| CA Final — Financial Reporting | Financial Reporting (Ind AS) — SM + Practice Questions | ICAI Board of Studies | Ind AS concepts with solved illustrations; ICAI SM must be the primary resource for this paper |
| CA Final — Direct Tax Laws | Direct Tax Laws and International Taxation | Vinod Singhania / Taxmann | Updated for each Finance Act; comprehensive on assessment procedures, appellate process, and international tax provisions |
| CA Final — Indirect Tax Laws | GST and Customs Law | V.S. Datey / Taxmann | Deep GST coverage with practical examples; covers customs procedures and FTP schemes used in Final Paper 5 |
How to Download ICAI CA Syllabus 2027 PDF
Follow these steps to download the official ICAI CA syllabus PDF and study material from the ICAI website.
- Visit the official ICAI website at www.icai.org.
- Hover over the "Students" tab in the top navigation bar and click on it.
- Select "Study Material" from the dropdown, or navigate to the "Board of Studies" section.
- Choose your CA level: Foundation, Intermediate, or Final.
- Click on the subject link — the study material (which contains the full syllabus) opens as a PDF in a new tab.
- Press Ctrl + S (Windows) or Cmd + S (Mac) to save the PDF to your device.
- For session-specific RTPs and MTPs, return to the Board of Studies page and look for the respective session’s folder.
Note: ICAI also embeds the syllabus within the Information Brochure published before each exam session. Download it from the Examinations section of icai.org for the authoritative session-specific syllabus reference.
ICAI CA 2027 Preparation Tips
The CA programme demands multi-year, disciplined preparation. Use these level-wise strategies to build a structured study plan.
CA Foundation Preparation
- Start with ICAI Study Material — it is the primary guide for what will appear in the exam.
- For Accounting, solve the Practice Manual after completing each chapter; numerical practice is non-negotiable.
- Papers 3 and 4 are MCQ-based with negative marking — do not guess blindly; eliminate options systematically before marking your answer.
- Attempt at least 3 Mock Test Papers (MTPs) and 2 Revision Test Papers (RTPs) before your exam session.
- Business Laws requires understanding the language of each Act — learn the provisions with examples, not just headings.
CA Intermediate Preparation
- Taxation is the highest-scoring paper when you stay updated on Finance Act amendments applicable to the exam year — check the applicable amendment list in the RTP.
- GST under Indirect Taxes changes frequently — track official notifications and circulars from CBIC alongside your ICAI SM.
- For Auditing, Standards on Auditing (SAs) and practical case study questions now carry significant marks — understand how each SA applies to real situations.
- Cost Accounting numericals demand daily practice; allocate at least 1–1.5 hours per day to Paper 4 throughout your preparation period.
- Strategic Management in Paper 6 is largely theory — complete it in the final 2–3 weeks of preparation.
CA Final Preparation
- Paper 1 (Financial Reporting) requires deep Ind AS understanding — read the ICAI Ind AS module and compare it with relevant Schedule III formats.
- For Paper 4 (Direct Tax), Finance Act amendments applicable to the exam year are critical — always use the most current edition of your reference book.
- Paper 6 (Integrated Business Solutions) is open-book — prepare a well-indexed set of study material and practise case studies under exam conditions well before the exam date.
- Solve at least 5 years of past CA Final question papers for each subject to understand examiner expectations.
- Balance your group preparation across both groups — do not leave an entire group for the last month; covering both groups together reduces overall preparation time.
General Tips Across All Levels
- Register with ICAI before the prescribed cut-off date; late registration is not permitted.
- Attempt ICAI’s free online mock tests via the Self-Service Portal at icaiexam.icai.org.
- Practical training (articleship) compliance is mandatory alongside academic preparation — do not defer articleship-related formalities.
ICAI CA Syllabus 2027 FAQs
Ques. Is the ICAI CA 2027 syllabus the same as the 2026 syllabus?
Ans. Yes. As of September 2026, ICAI has not announced any revisions to the New Scheme syllabus for the 2027 exam cycle. The syllabus effective since May 2023 continues to apply. Always check icai.org before each session for amendment notifications or curriculum updates.
Ques. What is the New Scheme of Education and Training for CA?
Ans. The New Scheme, effective from May 2023, restructured the CA programme. It replaced the old Foundation Course, IPCC, and Final with updated syllabi. Key changes include Paper 6 (Integrated Business Solutions) as an open-book case study paper at the Final level; a revised Auditing and Ethics curriculum; and updated Ind AS-based Financial Reporting. Students who registered from May 2023 onward study under this scheme.
Ques. Which CA level has the highest difficulty?
Ans. CA Final is the most demanding level. Historical pass rates for CA Final are in the range of 10–20% per attempt. CA Foundation has the highest pass rates, typically 25–40%. CA Intermediate falls between the two, with pass rates of around 15–30% depending on the session and group.
Ques. Can I appear for both groups of CA Intermediate or CA Final together?
Ans. Yes. You can appear for both Group I and Group II simultaneously, or one group at a time. Appearing for both groups together gives you two attempts per year. You must clear both groups of CA Intermediate before registering for CA Final.
Ques. What is the passing criteria for CA exams?
Ans. You must score a minimum of 40% in each individual paper. You must also achieve an aggregate of at least 50% across all papers in a group. Scoring below 40% in any single paper means you fail that group, regardless of your aggregate. If you score above 60% in a paper, you earn an exemption that carries forward to future attempts within the same scheme.
Ques. Where can I download the official ICAI CA 2027 syllabus PDF?
Ans. The official syllabus and study material are available on icai.org under the Board of Studies section. Select your level (Foundation / Intermediate / Final) to access subject-wise study material PDFs, which contain the complete syllabus. ICAI also publishes the syllabus within the Information Brochure for each session on the Examinations page.
Ques. Is the CA Foundation exam objective or subjective?
Ans. CA Foundation has a mixed pattern. Papers 1 (Accounting) and 2 (Business Laws) are subjective — you write descriptive answers. Papers 3 (Quantitative Aptitude) and 4 (Business Economics) are objective MCQ papers with a negative marking of 0.25 marks per wrong answer.
Ques. Which subjects are most important in CA Intermediate?
Ans. Taxation (Paper 3) and Advanced Accounting (Paper 1) are consistently high-scoring papers. Taxation combines Income Tax and GST, and examiners test practical computation along with theory. Cost and Management Accounting (Paper 4) requires sustained numerical practice. Auditing (Paper 5) has become increasingly case study-oriented under the New Scheme — rote learning is insufficient.
Ques. What is CA Final Paper 6 — Integrated Business Solutions?
Ans. Integrated Business Solutions (IBS) is a 4-hour, open-book case study paper unique to the CA Final New Scheme. It integrates all other Final subjects — Financial Reporting, Advanced Financial Management, Auditing, Direct Tax, Indirect Tax, and Corporate Laws — into one complex business scenario. You carry your ICAI study material into the exam. Preparation must focus on applying knowledge across subjects, not on isolated topic memorisation.
Ques. How many times is the CA exam conducted each year?
Ans. ICAI conducts CA exams twice a year — in May/June and in November. For 2027, the May session is expected in early May and the November session in early November. ICAI announces the exact schedule a few months before each session at icai.org.
Ques. What is the registration cut-off for the CA Foundation May 2027 exam?
Ans. Based on ICAI’s standard schedule, the registration cut-off for CA Foundation’s May 2027 session is expected to be January 1, 2027. Intermediate and Final registration for the same session follows the same cut-off. You must register before this date; late registration is not available. Confirm the exact deadline at icai.org once ICAI releases the official notification for the session.
Ques. How should I use RTPs and MTPs in CA preparation?
Ans. ICAI releases Revision Test Papers (RTPs) and Mock Test Papers (MTPs) before each exam session. RTPs highlight amendments and new focus areas specific to that session. MTPs replicate actual exam conditions. Solve the RTP first to identify what the current session emphasises, then attempt at least two MTPs under timed conditions. RTP questions frequently reappear in the actual exam — they are one of the highest-return study resources available.
Source: ICAI — New Scheme of Education and Training
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.
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