CA Intermediate Group 1

CA Intermediate Group 1 consists of 4 papers that are to be attempted either individually or together with Group 2 (also consisting of 4 papers) depending upon a student’s preference or preparation. CA Inter exams are held twice a year, once in the month of May and once in the month of November. The Institute of Chartered Accountants (ICAI) of India is the professional body that holds the examination.

 

Eligibility Criteria for CA Intermediate Group 1

A candidate wanting to register for CA Inter Group 1 examination must meet the following eligibility criteria:

• Candidates who have passed the foundation exam or the professional education (examination -I ) or Common Proficiency Test (CPT) can apply for CA Intermediate
• Candidates who are graduates or post-graduates in commerce and have scored a minimum of 55% marks can also apply
• Candidates who are graduates or post-graduates in any other stream and have scored a minimum of 60% marks can also apply

 

When and How to apply?

A Candidate is required to register himself for the course of CA Inter on the official website of The Institute of Chartered Accountants of India (ICAI). For registration, they will have to fill out an application form, upload required documents, and pay a registration fee.

To register for CA Inter Group 1:

1. Register on the official website of ICAI - https://www.icai.org/
2. Login with the credentials sent to you
3. Upload requested documents
4. Pay the registration fee

 

The registration fee for the CA Intermediate exam is Rs.15,000/- (Rupees Fifteen Thousand Only) per appearance. (For Both Groups)

The registration fee for a single group is Rs.11,000/- (Rupees Eleven Thousand Only)

 

Important Dates for Registration

 

CA Intermediate Group 1: Subjects and Syllabus

CA Intermediate Group 1 consists of 4 papers which are mentioned below along with topics to be covered and their weightage in the exam.

 

Paper 1: Accounting (100 marks)

• Process of formulation of Accounting Standards including Ind AS (IFRS converged standards) and IFRSs; convergence vs adoption; objective and concepts of carve-outs
• Framework for Preparation and Presentation of Financial Statements (as per Accounting Standards)
• Applications of Accounting Standards
• Company Accounts
• Accounting for Special Transactions
• Special Type of Accounting

Paper 2: Corporate and Other Laws (100 marks)

• Part A: Company Laws (60%)
• Part B: Other Laws (40%)

Paper 3: Cost and Management Accounting (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 (100 marks)

• Part A: Income Tax Law (60%)
• Part B: Indirect Taxes (40%)

 

Exam Pattern

CA Inter Group 1 Exam Pattern

 

Integrated Course on Information Technology and Soft Skills (ICITSS) 

After registering for CA Intermediate, candidates must successfully complete four weeks of ICITSS before the commencement of practical training. ICITSS consists of the following courses:

• Course on Information Technology (15 days)
• Orientation Course (15 days )

 

Passing Criteria

After giving the Intermediate exam, candidates can check the results once ICAI has announced them on their official website. A candidate must obtain 40% marks in each paper and 50% marks in aggregate to successfully pass this level and move to CA Final. 

 

After CA Intermediate Group 1

A candidate who has successfully cleared all 4 papers of CA Inter Group 1 in adherence to the passing criteria mentioned above, can appear in CA Inter Group 2 in the forthcoming attempt and if they have already cleared CA Inter Group 2 as well, they are entitled to get enrolled for CA Final.

 

For more information about CA Intermediate Group 1, you can contact us on our toll-free number 18003091245 and talk to our experts for free. You can also mail us at [email protected]. Visit our Youtube Channel or Telegram for regular updates and information on CA video lectures and online classes. 

 

 

CA Intermediate Group 2