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CHARTERED ACCOUNTANCY EXAMS

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Is becoming a CA your dream ? Do you have the passion but don’t know where to begin ? If so, you’re in the right place ! In this blog, you will learn all about Chartered accountancy exams, syllabus, eligibility and important dates for 2023. Read on !

Chartered accountancy exams include 3 levels. These are

  • CA Foundation

  • CA Intermediate

  • CA Final

All CA exams are conducted by ICAI ( Institute of Chartered Accountants of India – established on July 1, 1949 ). You become a professionally certified Chartered Accountant after clearing all 3 levels of the CA Exams.

Let’s look at each of these in detail.

CA Foundation

The CA Foundation exam replaced the Common Proficiency Test or CA-CPT exam and is now the entrance level examination for the chartered accountancy courses offered by ICAI. CA Foundation contains 5 series of papers.

CA Foundation exams are conducted twice a year in May and November.

CA Foundation Syllabus

Paper 1 Principles and Practice of Accounting

To Develop understanding of the basic concepts and principles of Accounting and acquire the ability to apply the same in preparing financial statements and simple problem solving.

Paper 2 Business Laws and Business

To develop an understanding of significant provisions of select business laws and acquire the ability to address basic application-oriented issues. Part B of the Subject help To acquire and develop good communication skills requisite for business correspondence and reporting.

Paper 3 Business Mathematics and Logical Reasoning & Statistics

(a) To develop an understanding of the basic mathematical and statistical tools and their application in Business, Finance and Economics. (b) To develop logical reasoning skills and apply the same in simple problem solving

 Paper 4 Business Economics and Business and Commercial Knowledge

To develop an understanding of the concepts and theories in Business Economics and apply such concepts and theories in simple problem solving. Part B of the paper helps To develop an understanding of common business and commercial concepts and to keep abreast with developments in the business and commercial world.

Important Dates for CA Foundation

Event May 2023 Exams Nov 2023 Exams
 Commencement of application Open all year
 Last date to register with the Board of studies Jan 1st 2023 July 1st 2023
 Availability of exam form Feb 3rd week Aug 3rd week
 Deadline for filling the exam date without late fee Mar 2nd week Sep 2nd week
 Deadline for filling form with late fee Mar 2nd week Sep 3rd week
 Exam form reopening Mar 4th week Sep 4th week
 Correction window Mar 4th week Sep 4th week
 Availability of admit card Apr 2nd week Oct 2nd week
 CA Foundation 2023 exam date May 2nd week Nov 2nd week
 Announcement of CA Foundation result Jul 3rd week Jan 3rd week

Marking scheme of CA Foundation

 Total Marks  100
 Time  3 Hours
 For Right Answer  +1
 For Wrong Answer  -0.25
 Pass Mark  50%

Points to Note

  • Paper 1 & 2 – Descriptive
  • Paper 3 & 4 – Objective MCQ with Negative Marking
  • To Pass, a minimum of 40% in each subject and 50% on Aggregate is required.

CA Intermediate

Being one of the more difficult exams, CA Intermediate is the second level exam in Chartered Accountancy. It has 8 subjects and over 7000 pages of study material that has to be covered within the allotted 9 months preparation time.

What makes this exam so difficult to pass is the group system in which the exams are conducted. There are 2 Groups with each containing 4 subjects. You must pass all 4 papers to clear the group. Failing to pass even one subject means failure of the entire group, even the subjects you originally passed in !

Until 2020, the pass percentage has only been 16.76%, which means only 4 out of every 25 students appearing for the exam managed to successfully pass ! This is why you must get your education from a well experienced institution.

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We offer both online and face to face classes. So no matter where you are from, if you’re looking for the right place to kick start your CA career, Choose Sri Sankara Coaching center without a doubt !

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CA Intermediate Syllabus –

Group 1

Paper 1 Accounting

To acquire the ability to apply accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities

Paper 2 Corporate and Other Laws

To Develop an understanding of the provisions of the company and other laws and acquire the ability to address application oriented issues

Paper 3 Cost and Management Accounting

To develop an understanding of the cost accounting statements and acquire the ability to apply information for cost ascertainment, Planning, Control & Decision making.

Paper 4 Taxation

To Develop an understanding of the Income Tax and GST law Provisions and acquire the ability to apply such provisions in problem solving

Group 2

Paper 5 Advanced Accounting

To acquire the ability to apply accounting standards and legislations to different transactions and events and in preparation and presentation of financial statements of various business entities& NBFC’s

Paper 6 Auditing and Assurance

To develop understanding of the concepts of auditing and the generally accepted auditing procedures, skills and ability to apply the same in auditing engagements

Paper 7 Enterprise Information Systems & Strategic Management

To Develop an understanding of technology oriented information systems and strategic management for their impact on enterprise wide process risks and control

Paper 8 Financial Management & Economics for Finance

To Develop an understanding of various aspects of Financial Management and Economics for Finance and ability to apply the same for decision making.

Important Dates for CA Intermediate

Event May 2023 Exams Nov 2023 Exams
 Commencement of application Open all year
 Last date to register with the Board of studies Jan 1st 2023 July 1st 2023
 Availability of exam form Feb 3rd week Aug 3rd week
 Deadline for filling the exam date without late fee Mar 2nd week Sep 2nd week
 Deadline for filling form with late fee Mar 2nd week Sep 3rd week
 Exam form reopening Mar 4th week Sep 4th week
 Correction window Mar 4th week Sep 4th week
 Availability of admit card Apr 2nd week Oct 2nd week
 CA Foundation 2023 exam date May 2nd week Nov 2nd week
 Announcement of CA Foundation result Jul 3rd week Jan 3rd week

Marking scheme of CA Intermediate

 Total Marks  100
 Time  3 Hours
 For Right Answer  +1
 For Wrong Answer  -0.25
 Pass Mark  50%

Points to Note

  • To pass, you must secure a minimum of 40% in each subject and 50% on Aggregate.
  • You are allowed to take up exams group wise irrespective of the order.
  • Min of 60% to be taken up for exemption.
  • Exemption can be availed for following 3 attempts.
  • You should attend the all four exams of the group to claim exemption.

CA Intermediate exams are conducted once a year in December.

CA Final

After successfully passing the intermediate exams, CA final is the last level to cross before you become a certified Chartered Accountant !

Just like intermediate, the Final Exam too consists of 2 Groups. Group 1 has 4 Core papers, and Group 2 consists of 3 Core Papers and 1 Elective paper. You can choose one from the 6 options available for the Elective Paper.

However before you can appear for the Final exam, you must register for a 3-year articleship training under a practicing Chartered Accountant. You must also undergo a 4 week Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last 2 years of training.

You can proudly enroll yourself as a member of ICAI and be designated as a CA once you successfully complete the training and pass both the CA Final Exam groups with a minimum of 40% in each subject and a 50% overall score !

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Syllabus for CA Final

Group 1

Paper 1 Financial Reporting

To Develop an understanding of Framework for Preparation and Presentation of Financial Statements, Analysis of Financial Statements, Integrated Reporting and Corporate Social Responsibility Reporting

Paper 2 Strategic Financial Management

To Develop an understanding of Risk Management and Security Analysis of Mutual Funds, Foreign Exchange Exposure and Risk Management, Corporate Valuation, Mergers, Acquisitions, Corporate Restructuring and Startup Finance

Paper 3 Advanced Auditing and Professional Ethics

To Develop an understanding of Auditing Standards, Statements and Guidance Notes, Audit Planning, Strategy and Execution, Peer Reviews , Quality Reviews and Professional Ethics.

Paper 4 Corporate and Economic Laws

To Develop an understanding of Corporate Laws, Company Law, Corporate Secretarial Practices and Security Laws.

Group 2

Paper 5 Strategic Cost Management and Performance Evaluation

To Develop Strategic Cost Management and Decision Making in Modern Business Environment, Innovation, Cost Management, Pricing Strategies and Managerial Control.

Elective papers for Group 2 Paper 6

Paper 6A – Risk Management

Paper 6B – Financial Services and Capital Markets

Paper 6C – International Taxation

Paper 6D – Economic Laws

Paper 6E – Global Financial Reporting Standards

Paper 6F – Multidisciplinary Case Study

Paper 7 Direct Tax Laws and International Taxation

To Develop an understanding of Tax Laws and Procedures and International Taxation.

Paper 8 Indirect Tax Laws

To Develop an understanding of Goods and Services Tax (GST) Law, Customs & Foreign Trade Policies.

CA Final exams are also conducted once a year in December.

Important Dates for CA Final

Event May 2023 Exams Nov 2023 Exams
 Commencement of application Open all year
 Last date to register with the Board of studies Jan 1st 2023 July 1st 2023
 Availability of exam form Feb 3rd week Aug 3rd week
 Deadline for filling the exam date without late fee Mar 2nd week Sep 2nd week
 Deadline for filling form with late fee Mar 2nd week Sep 3rd week
 Exam form reopening Mar 4th week Sep 4th week
 Correction window Mar 4th week Sep 4th week
 Availability of admit card Apr 2nd week Oct 2nd week
 CA Foundation 2023 exam date May 2nd week Nov 2nd week
 Announcement of CA Foundation result Jul 3rd week Jan 3rd week

Exam pattern of CA Final

Group 1

Paper 1 – Financial Reporting & Paper 2 – Strategic Financial Management

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective

Paper 3 – Advanced Auditing and Professional Ethics & Paper 4 – Corporate and Economic Laws

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective & Objective ( 30:70 )

Group 2

Paper 5 – Strategic Cost Management and Performance Evaluation

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective

Paper 6

Paper 6A – Risk Management

Paper 6B – Financial Services and Capital Markets

Paper 6C – International Taxation

Paper 6D – Economic Laws

Paper 6E – Global Financial Reporting Standards

Paper 6F – Multidisciplinary Case Study

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective & Objective ( 30:70 )

Paper 7 – Direct Tax Laws and International Taxation

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective

Paper 8 – Indirect Tax Laws

 Total Marks  100
 Time  3 Hours
 Type of questions  Subjective

Eligibility for Chartered Accountancy Exams

To become a Chartered Accountant, you must go through a process of training and clear examinations conducted by ICAI at 3 different levels – Foundation, Intermediate and Final.

To be eligible for CA Foundation, you must have passed class 12 from a recognized school with atleast 50%.

To be eligible for CA Intermediate, you must clear the Foundation exam. If you’re taking the Direct Entry route, you must have completed your bachelor’s degree.

To be eligible for CA Final, you must have cleared foundation and intermediate exams and done an articleship for 3 years.

For a more detailed information about the eligibility, click here >

Hope we were able to give you an insight about the Chartered Accountancy Exams. 

Chartered Accountancy Exams – FAQ

Yes. With our expert guidance and a disciplined preperation, we assure you will pass CA in the first attempt !

Yes. With proper planning and right time management, you can definitely pursue CA along with a full-time job.

It is neither government job nor a private job.However, a CA can be hired by both government as well as private companies or they can practice on their own just like doctors by opening their own offices.

Yes ! There is high demand for chartered accountants not only in India but internationally too !

The high demand in the auditing and investment fields fetch them a high salary. A CA fresher earns up to 6-7 lakhs per annum.

There is 1 Maths paper in Foundation

As ACCA is globally recognised it is considered above CA. CA deals with India Accounting, finance and taxation systems which makes it great fit for India but not ideal for someone who wants to settle abroad.

There is no limit to the number of attempts taken to clear a CA exam.

Lack of proper planning, poor time management skills, failing to understand and analyze study material and misinterpretation of questions.

Ca foundation is the first exam for CA

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