CA Intermediate — Intermediate

Applied knowledge and worked examples

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Last updated Jun 2026

Expert Content

ced Accounting (100 marks)**

•Financial instruments (Ind AS 109)

•Revenue recognition (Ind AS 115)

•Leases (Ind AS 116)

•Business combinations (Ind AS 103)

•Consolidated financial statements (advanced)

•Employee benefits (Ind AS 19)

Paper 6: Auditing & Ethics (100 marks)

•Nature and scope of auditing

•Standards on Auditing (SA) — SA 200–720

•Audit procedures: planning, risk assessment, evidence

•Internal audit, audit report, CARO 2020

•Company auditor — appointment, qualifications, disqualification

•Professional ethics — Code of Ethics for CAs

Paper 7: Enterprise Information Systems & Strategic Management (100 marks)

•EIS: Information systems in business, IT controls, cybersecurity basics, ERP systems

•Strategic Management: SWOT, Porter's Five Forces, BCG matrix, Balanced Scorecard

Paper 8: Financial Management & Economics for Finance (100 marks)

•Financial Management: Capital structure, cost of capital, leverage, working capital, dividend policy

•Economic analysis: Demand-supply, market structures, monetary policy, fiscal policy, international trade

Passing Criteria

•Minimum 40% in each paper

•Minimum 50% aggregate in the group (all 4 papers combined)

•Groups can be cleared separately (need not clear both in same attempt)

Articleship (3 Years)

Mandatory practical training under a practising CA:

•Duration: 3 years

•Exposure: Auditing, taxation, accounting, GST returns, company law compliance

•Stipend: ₹2,000–₹15,000/month (varies by city and firm size)

•Big 4 CA firms (Deloitte, EY, KPMG, PwC) offer ₹12,000–₹20,000/month stipend

•Article transfer allowed in certain circumstances

AS	Topic

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AS 2	Valuation of Inventories — lower of cost or NRV
AS 9	Revenue Recognition — substantial risks transferred
AS 10	Property, Plant & Equipment — cost model vs revaluation
AS 11	Effects of Changes in Foreign Exchange Rates
AS 15	Employee Benefits — defined benefit (actuarial)
AS 17	Segment Reporting
AS 18	Related Party Disclosures
AS 22	Accounting for Taxes on Income (deferred tax)
AS 26	Intangible Assets — amortisation
AS 28	Impairment of Assets

Role	Starting Salary

|------|----------------|