CA Intermediate

The CA Intermediate or Indian Chartered Accountancy Course is the second level of Chartered Accountancy examinations in India.

Qualification

A person can apply for membership either by passing all three levels of examinations prescribed by the Institute of Chartered Accountants of India and completing three years of practical training or by availing themselves of exemptions under mutual recognition agreements (MRAs).

Examination

Flowchart on how to become a Chartered Accountant by the Examination route

The CA course is designed to combine theoretical study with practical training. The Chartered Accountancy course is considered to be one of the toughest, rigorous professional courses both in India and Worldwide with only 3-8 % of the students passing in every attempt in Inter and Final Level. At Present, the pass rate in Foundation is Approx 15%, Inter 4-8 %, Final 3-7 %, that means students who take admission in CA Course, only 0.0225% to 0.096% actually pass CA. For instance,in the November 2013 CA Final exam, the pass percentage was merely 3.11% (Both Groups) As of April 2010, The prestigious institute has 874,694 students, studying various levels of the Chartered Accountancy Course. The Chartered Accountancy examinations are divided into three levels. They are

CPT Subjects According To New Syllabus 2016 Form 2016 new syllabus CPT course will be called a Foundation course. It will have six subjects i.e. two subjects are added to the previous course. The two new subjects are Business communication and General English. Six subjects of the foundation course.

Paper 1 : Fundamentals OF Accounting

Paper 2 : Quantitative aptitude

Paper 3 A: Mercantile Law

Paper 3 B: General Economics

Paper 4 : General English

Paper 4 B: Business Communication

IPCC or Integrated Professional Competence Course is the second level of Chartered Accountancy examinations. A person can take the IPCC Examination after passing CPT and nine months of study. IPCC has two groups of seven subjects. Group – I consist of four subjects and Group – II of three subjects.

Group I:

Paper 1 : Accounting

Paper 2 : Business Laws, Ethics, and Communication

Paper 3 : Cost Accounting and Financial Management

Paper 4 : Taxation

Group II:

Paper 5 : Advanced Accounting

Paper 6 : Auditing and Assurance

Paper 7 : Information Technology and Strategic Management

CA Intermediate has two groups of eight subjects. Group – I consist of four subjects and Group – II of three subjects.

Group II:

Advanced Accounting
Auditing and Assurance
Enterprise Information Systems and Strategic Management

A passing grade in IPCC and Intermediate is awarded if the candidate obtains 40% marks in each subject (a subject is attributed 100 marks) and an aggregate of 50% in the aggregate in each group. The benefit of set-off is also available if the candidate appears for both groups together and obtains 50% collectively in both groups, even if he fails to obtain an individual aggregate of 50% in each group independently.

Reference

https://en.wikipedia.org/wiki/Indian_Chartered_Accountancy_Course