Detailed Article on ICAI CA Intermediate Course

The second level exam for the Indian Chartered Accountancy (CA) programme is the CA Intermediate Course. This level has two entry options. Clearing the foundation level is the first method, and straight admission is the second. Students can develop a strong understanding of the numerous facets of finance and accounting at the intermediate level. The group technique makes the test even more challenging because each group has four subjects, and in order to pass a group, a candidate must pass each of the four papers. The student may have failed the courses he has already taken because failing one topic leads to failing the entire set. Each of these groups consists of four subjects, and in order to qualify for the group, every candidate must pass each of the four. A student is completely excluded from the group if they do not receive the minimum required passing marks.

The CA exams are divided into two groups - Group I and Group II - each consisting of four papers for a total of eight papers. They are held twice a year, in May and November. Candidates have the option of presenting to both groups at once or just one at a time.

You can find a comprehensive article on the ICAI CA Intermediate course in the guide below.

ICAI CA Intermediate Course Important Dates

The CA Intermediate online registration for the CA Intermediate November session exam started on August 2, 2023. The last date for online registration is August 23, 2023 without a late fee and August 30, 2023 (with a late fee). The exam dates for the ICAI CA Intermediate course November session have been released. The result for the May session was released on July 5, 2023.

After enrolling in the Intermediate level, candidates joining via the foundation path are required to complete an eight-month study period. Candidates who enrol in the intermediate programme through the direct entrance method must complete three years of hands-on training under an experienced CA in addition to the four weeks of ICITSS training. The intermediate exams are held two times a year i.e. in May and November.

Let’s look at a few of the important dates for the CA Intermediate exam for both the November and May 2023 sessions.

ICAI CA Intermediate Course Registration Process

Some of the major highlights of the CA Intermediate Course Registration process are as follows -

• Candidates must register for the Intermediate Course for both routes by completing the Online Registration Form available on the ICAI website (www.icai.org).
• They must go to the "Students tab" and select "Course Registration Forms."
• Candidates should be aware that they must pay the requisite amount online using the payment channel after completing the online form.
• After a successful payment, the system will instantly generate the form, which must be printed.

The following documents must be provided to the relevant Regional Office within seven days after the date of online registration, along with a printout of the online registration form that the student has duly signed.

• Students pursuing the Foundation Route must present a certified copy of their Class 12th.
• Direct Entry Route students must submit an attested copy of their Graduation/Post Graduation mark statements or mark sheets from the Institute of Company Secretaries of India or the Institute of Cost Accountants of India's Intermediate level examination.
• One recent color photograph (pasted on the printout)
• If the applicant is from overseas, an attested copy of proof of nationality is required.
• Attested photocopy of proof of a certificate, such as SC/ST, OBC, or differently-abled.

ICAI CA Intermediate Registration Fees

CA Intermediate is divided into two groups: Group I and Group II. Applicants through the CA Foundation route can register in Group I, Group II, or both. Candidates who register through the direct entry route, on the other hand, must register for both Groups I and II.

Note:

• Direct Entry students must pay INR 200 ($20) for the prospectus in addition to the other costs.
• The student activities fee is only required once.

ICAI CA Intermediate Course Exam Application Process

Before moving ahead to fill out the exam form online, aspirants should keep the following at hand -

• A copy of the enrollment letter of the segment(s) in which they desire to appear in May 2023 or Novermber/December 2023 must be carefully noted and applied against their correct Registration Number
• A scanned copy of the Service Certificate (wherever needed).

Once they are ready, they can follow the below instructions to register -

• Candidates need to navigate to the Login/Register tab on the homepage of the ICAI. (https://icaiexam.icai.org/)
• Click on the “New User” option. A new window like the attached image will open.

• Then proceed to fill in the details as mentioned - Examination name, registration number, date of birth, primary email, mobile number, etc.
• Once done, click on “Register” and proceed to the next stage and fill out the information as asked.
• Next up, the applicant needs to pay the fees using an online payment system.
• Exam fees must be paid online using a Master/Visa/Maestro Credit/Debit Card/Rupay/BHIM UPI/Paytm Wallet or Net Banking.
• ICAI will need a minimum of 7 days to process the submitted application.

The below steps are for those candidates who have the login details with them:

• Those with login credentials should check if the form is active.
• They must have all required documents ready before filling out the form.
• Then they must fill out the form, choose an exam center, and upload papers (with attestations wherever applicable).
• After that, the applicant can pay using Net Banking, Credit or Debit Card, download the PDF, and keep the printout.
• Applicants should check if the passport photo and signature appear on the PDF.
• If the PDF does not have the photograph and signature, they must affix one and sign the PDF. Before mailing it to the ICAI office, they need to attest it by a recognized authority (Chartered Accountant, Head of Educational Institute, or Gazetted Officer).
• They should save a copy for future reference before mailing the form.
• The applicant need not send the PDF if the photograph and signature are on it.

Routes for ICAI CA Intermediate Course Registration

With the help of two routes, the ICAI CA Intermediate course registration is done. One route is the Direct Entry Route and the other is the Foundation Route. Let us understand these two routes in detail.

• Foundation Route: The CA (Chartered Accountancy) course has been divided into 3 levels - CA Foundation, CA Intermediate and CA Final. Students who will clear the first level which is the CA Foundation level can fill up the registration form for the CA Intermediate course. These candidates need not have a graduation or a postgraduation degree.

• Direct Entry Route: The Direct Entry Route is for those who have completed their graduation/ postgraduation or are in the final year of completing their courses. Such students can directly take admission to the CA Intermediate course. Through this route, students do not have to register or clear the CA Foundation exam. They are eligible for the Intermediate course and apply for the registration process.

ICAI CA Intermediate Exam Fees

Please find the ICAI CA Intermediate exam fees listed here.

Note

• Direct Entry students must pay INR 200 ($20) for the prospectus in addition to the other costs.
• The student activities fee is only required once.
• There will be a late fee of INR 600 ($10).
• *Candidates must pay bank fees at the following rates in addition to the applicable price they must pay the Institute for exam-related services when paying the fee online through the payment gateway. These fees, which the candidate must pay to the bank, will be recouped along with the necessary Institute fee.

1. Domestic Credit Cards: 0.50% + GST
2. Domestic Debit Cards / Rupay Cards: Upto Rs. 2000 : 0.4% + GST, Greater than Rs. 2000 : 0.9% + GST
3. Rupay Cards : Nil
4. International Cards: 2.75% + GST
5. Net Banking: Nil
6. BHIM UPI : Nil
7. Paytm Wallet: 1.10% + GST

* Excluding Bank Commission and Service Tax

ICAI CA Intermediate Admit Card

The ICAI posts the CA Intermediate admit card on its official website (icaiexam.icai.org) 14 days before the exam. All candidates should bring a printed version of their admit card to the examination center.

The ICAI CA admit card has the following contents -

• Name of the Candidate
• Candidate’s Photograph and Signature
• Roll Number
• Groups enrolled
• Examination City
• Name of the Examination Center
• Medium of Instruction
• Candidate’s Address
• Exam day instructions for candidates

Steps To Download the CA Intermediate Admit Card 2023

The steps listed below can be used by candidates to download their CA intermediate 2023 admit card.

• Visit icaiexam.icai.org to access ICAI's official website.
• Enter your login information by clicking the login/register link on the homepage.
• Click the view button after selecting the CA Intermediate admission card option.
• Verify all the information on the CA Inter admissions card.
• Download the CA Inter 2023 admission card.
• Contact the ICAI helpdesk to have any errors in the CA intermediate admit card corrected.

How to download the CA Intermediate 2023 admit card if you forget the password?

Candidates occasionally forget where they put their admit cards and misplace them. In this situation, ICAI also gives users the option to forget their passwords and generate new ones. Candidates may complete the following steps to complete this action.

• Go to the ICAI test website's official page and select the "Login/ Register" link.
• Select the "Forgot Password" link.
• Three options will be presented in front of you, those will be as follows:

Option 1: After selecting an option, candidates must email the login information to the recipient. To do this, they must enter their email address, registration number, mobile number, security question, and recipient's answer before clicking the submit button.

Option 2: If applicants select the "Find login information using (SRN + DOB + Security answer)" option, they must enter their CA intermediate registration number, date of birth, security question, and response before pressing the "Submit" button.

Option 3: Candidates who opt to locate their login information using (SRN + Barcode + PIN) must input their registration number, the barcode number associated with their exam application, and their personal identification number before clicking the "Submit" button.

How to rectify the error of a missing photograph/signature on the CA Intermediate admit card 2023?

Candidates must follow the instructions below if there are any discrepancies in their downloaded CA Intermediate 2023 admit card:

• Candidates must double-check all the information after downloading their CA intermediate 2023 admit card before printing it.
• Candidates should print off the online CA Intermediate 2023 admission card and attach their photo and signature to it if there are any mistakes, such as the signature or photo being missing.
• After completing this, they must have a Chartered accountant certify the admission card (ICAI member).
• Candidates must bring at least two extra copies of their CA Inter admission card to show to officials at the exam site and the invigilating center.
• Additionally, they must bring two passport-sized photos to the exam location to be attached to the attendance record.

Things to carry on the CA Intermediate Exam Day

Candidates must bring a few other papers in addition to their CA Intermediate admission card for 2023, including:

• One of the Government ID proofs such as an Aadhar card, a driver's license, a voter ID card, etc.
• ICAI member attested admit card in physical copy (In case the downloaded admit card has photograph and signature missing)
• A pair of passport-sized photos

CA intermediate Syllabus & Subjects

The CA Intermediate course consists of eight subjects divided into two groups of four subjects each.

The following are the details for the ICAI CA Intermediate New Syllabus -

Group I

Paper 1: Accounting ( Three hours – 100 Marks)

• Process of formulation of Accounting Standards (IFRS converged standards) and IFRS; convergence vs adoption; objective and concepts of carve-outs.
• Framework for Preparation of Financial Statements and Presentation of Financial Statements (as per Accounting Standards).
• Application of Accounting Standards
• Company Accounts
• Accounting for Special Transactions
• A special type of Accounting

Paper 2: Corporate and Other Laws (Three hours – 100 Marks)

• Part I: Company Law (60 Marks)
• Part II: Other Laws (40 Marks)

Paper 3: Cost and Management Accounting (Three hours – 100 Marks)

• Overview of Cost and Management Accounting
• Ascertainment of Cost and Cost Accounting System
• Methods of Costing
• Cost Control and Analysis

Paper 4: Taxation (Three hours – 100 Marks)

Section A: Income Tax Law (60 Marks)

• Basic Concepts
• Residential Status and scope of Total Income
• Incomes that do not form part of complete income
• Heads of income, provisions governing computation of income under different heads
• Income of other persons in assessee’s total income
• Aggregation of income, Carry forward and set off of losses
• Deductions from gross total income
• Computation of Total Income, Tax liability of individuals
• Advance tax, introduction to tax collection at source, and tax deduction at source
• Provisions for filing income return and self-assessment

Section B: Indirect Taxes (40 Marks)

• Concept of indirect taxes
• Goods and Services Tax (GST) Laws

Group II

Paper 5: Advanced Accounting (Three hours - 100 Marks)

• Application of Accounting Standards
• Special Aspects of Company Accounts
• Reorganization and liquidation of Companies
• Banking Companies, Non-Banking Financial Companies and regulatory requirements thereof.
• Consolidated Financial Statements
• Dissolution of partnership firms, including piecemeal distribution of assets
• Amalgamation and Conversion of partnership firms into a company and Sale to a company
• Issues connected to accounting in Limited Liability Partnership

Paper 6: Auditing and Assurance (Three hours – 100 Marks)

• Nature, Objective, and Scope of Audit
• Audit Strategy, Audit Planning and Audit Programme
• Audit Documentation and Audit Evidence
• Risk Assessment and Internal Control
• Fraud of the Auditor in this Regard
• Responsibilities of the Auditor in this Regard
• Audit in an Automated Environment
• Audit Sampling
• Analytical Procedures
• Audit of Items of Financial Statements
• The Company Audit
• Audit Report
• Audit of Banks
• Audit of Different Types of Entities

Paper 7: Enterprise Information System & Strategic Management ( Three hours – 100 Marks)

Section A: Enterprise Information System (50 Marks)

• Automated Business Processes
• Financial and Accounting Systems
• Information Systems and its Components
• E-commerce, M-commerce, and Emerging Technologies
• Core Banking Systems

Section B: Strategic Management (50 Marks)

• Introduction to Strategic Management
• Dynamics of Competitive Strategy
• Strategic Management Process
• Corporate Level Strategies
• Business Level Strategies
• Functional Level Strategies
• Organization and Strategic Leadership
• Strategy Implementation and Control

Paper 8: Financial Management & Economics for Finance ( Three hours – 100 Marks)

Section A: Financial Management (60 Marks)

• Financial Management and Financial Analysis
• Introduction to Financial Management Function
• Financial Analysis through Ratios
• Financing Decisions
• Sources of Finance
• Cost of Capital
• Capital Structure Decisions
• Leverages
• Capital Investment and Dividend Decisions
• Capital Investment Decisions
• Adjustment of Risk
• Uncertainty in Capital Budgeting Decision
• Dividend Decisions
• Management of Working Capital

Section B: Economics for Finance (40 Marks)

• Determination of National Income
• Public Finance
• The Money Market
• International Trade

ICAI CA Intermediate Exam Pattern 2023

The CA Intermediate question paper is divided into two groups - Group I and Group II. According to the CA Intermediate 2023 grading scheme, each group consists of four papers, each worth 100 marks. The subjects in both the groups are mentioned below:

Group - I

• Accounting
• Corporate and Other laws
• Company Law
• Other Laws
• Cost and Management Accounting
• Taxation - Part A: Income Tax Laws, Part B: Indirect Taxes

Group - II

• Advanced Accounting
• Auditing and Assurance
• Enterprise Information Systems and & Strategic Management - Section A: Enterprise Information Systems. Section B: Strategic Management
• Financial Management & Economics for Finance

The examination will go on for a total of three hours. Candidates will need to fill out two different answer books with their responses for each question. They must fill out the answer book designated for Section A (properly marked "A") with their answers pertaining to income tax law, and the answer book designated for Section B with their answers pertaining to indirect taxes law ( duly marked "B").

The statement of marks will include the combined marks for the two sections. For the purposes of meeting requirements, receiving exemptions, and providing certified copies, the paper will be handled as a single document.

Beginning with the May 2019 exams, the following Intermediate papers will have multiple-choice questions for 30 marks and other questions of a descriptive type worth 70 marks.

Paper 2: Corporate and Other Laws
Paper 4: Taxation
Paper 6: Auditing and Assurance
Paper 7: Enterprise and Information Systems and strategic management

• The weighted average for objective-type questions in each of the aforementioned papers is 30%. The remaining questions, or 70% of the test, would follow the current assessment methodology.
• In each 100-mark paper, there will be 30 marks for objective-type questions. These would be multiple-choice questions (MCQs) worth one or two marks. Each MCQ will contain 4 alternatives, of which 1 option would be the right response.
• There will be no internal or external choice in the MCQs, which are mandatory.
• The MCQs could be application- or knowledge-based. Either "knowledge and comprehension" or "application and analysis" would describe the skill level.
• There won't be any deducted points for incorrect responses.
• Answers to MCQs don't require any kind of reasoning.

ICAI CA Intermediate Preparation Tips

To ace the CA Intermediate exam, you must put in the effort, commitment, and proper strategy.

Here are some pointers -

• Make a proper schedule dedicating specific time for each subject.
• The candidate should concentrate on the study materials provided by the Institute.
• Revise the entire curriculum three or four times.
• Make summary notes for all subject areas for quick revision.
• Practice test series and past year's question papers. It will aid in the analysis of examination trends.

ICAI CA Intermediate Exam Centres

The ICAI CA Intermediate exam is conducted in India and abroad. We have listed the names of the states in India and Abroad in the below-provided tables.

Exam Centres in India

Exam Centres Abroad

ICAI CA Intermediate Results

After two months of the examination, the ICAI publishes the Intermediate results on its official website.

• The following are the steps for checking CA Intermediate Results:
• Go to the ICAI's official website and click on Foundation Results.
• Enter the credentials, including the six-digit roll number, pin/registration number, and captcha code.
• Click the Submit button and check the result.

Commencement of Articleship

After passing either or both of the CA intermediate groups, the aspirant must complete an articleship/ practical training for a period of three years. Before starting an articleship, the student must complete two four-week practical training programs, ICITSS and AICITSS. After passing either of the intermediate groups, the student can apply for the articleship. However, after completing both groups of the Intermediate course, it is recommended that the student applies for an articleship.

Furthermore, joining an articleship after completing the Intermediate course will allow the aspirant to learn all aspects of the practical world without worrying about Intermediate studies. Moreover, the candidate will be able to begin their CA Final studies on time.

Share your questions and feedback through our Q&A Zone or call on 1800-572-9877. For any help on admissions, aspirants can fill out the Common Application Form and get assistance from our expert counselors.

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