The CA Intermediate is the second level in the journey of becoming a Chartered Accountant. In this blog, we will provide you the CA Intermediate Course details and exam pattern. The IPCC or CA Intermediate exam has registration criteria and no application is accepted if the guidelines are not followed.
The CA Intermediate exams attempt happens twice a year usually either in March or in November. A student eligible for the intermediate exam cannot automatically get registered rather every time the student has to register for every level of the CA exam. Hence, students should make sure to register for CA Intermediate registration before the last date.
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CA Intermediate Exam Pattern
To understand the exam pattern and marking scheme of the CA Intermediate exam, students should analyze the new and old marking schemes and mark the changes. As per the new exam pattern, The ratio between the long descriptive answers and MCQs will be 70% and 30% each. The ICAI is emphasizing more on long descriptive answers while the MCQs still cumulate only 30% of the marks.
|Exam Mode||Pen and paper-based|
|Type of question||Objective cum subjective|
|Exam Duration||3 hours per paper|
|Medium of Exam||English/ Hindi|
|Number of Papers||Eight|
|Number of Marks||100 per paper|
Changes Made in CA Course
The ICAI made major changes in the training pattern, syllabus, and exams structure to convert the whole training and learning process much more practical. The new schemes aim at building out-of-the-box thinking in applicants. To further increase the scope of innovation in the field of finance and Accounting. The new course not only aims the student to be champion of exams but also the champion of the field.
|Old Scheme||New Scheme|
|CA CPT (Common Proficiency Test)||CA Foundation|
|CA IPCC (Integrated Professional Competency Course)||CA Intermediate also known as CA Inter|
|CA Final (Old)||CA Final (New)|
CA Intermediate Marks Weightage for Each Paper
In a CA Intermediate exam, the total or maximum mark is 100 for each paper. Further, these papers are divided into different parts such as Part A and Part B. For CA students to clear the Intermediate exams need to attain at least 40% marks on each paper. An aggregate of about 50 percent marks is required as per CA Intermediate new pattern.
Subject-Wise Marks Distribution
|Paper 1: Accounting||100|
|Paper 2: Corporate and Other LawPart 1: Company LawsPart 2: Other Laws||100 60(A) 40(b)|
|Paper 3 Cost and Management Accounting||100|
|Paper 4: Taxation Part A: Income Tax LawPart B: Indirect Tax Laws||100 60(A) 40(B)|
|Paper 5: Advanced Accounting||100|
|Paper 6: Auditing and Assurance||100|
|Paper 7: Enterprise Information System and Strategic ManagementPart A: Enterprise Information SystemPart B: Strategic Management||100 50(A) 50(B)|
|Paper 8: Financial Management and Economics for FinancePart A: Financial ManagementPart B: Economics for Finance||100 60(A) 40(B)|
Chartered Accountant Intermediate Passing Criteria
CA students to clear the Intermediate exams need to attain at least 40% marks on each paper. An aggregate of about 50 percent marks is required as per CA Intermediate new pattern. There is also an option of paper exemption in case an applicant has the scored sixty or more percentage.
The CA Intermediate Marking Pattern
The CA marking pattern is divided between the Comprehensive Knowledge and Application. The skills distribution is given below for the students to analyze and prepare accordingly. The marking pattern has also changed as per the new scheme released by ICAI. Now, The skills are get assessed in individual areas. The focus is been given to building the skills and practical approach in every area possible.
Skillswise Distribution in CA Intermediate Papers
|Paper||Level I Comprehension and Knowledge||Level II Application|
|Paper 1: Accounting||5%-15%||85%-95%|
|Paper 2 Part 1: Corporate Laws||40%-55%||45%-60%|
|Paper 2 Part 2: Other Laws||35%-55%||45%-65%|
|Paper 3 Cost and Management Accounting||20%-30%||70%-80%|
|Paper 4A: Taxation- Income Tax Law||5%-20%||80%-95%|
|Paper 4B: Taxation- Indirect Tax Laws||20%-45%||55%-80%|
|Paper 5: Advanced Accounting||30%-55%||45%-70%|
|Paper 6: Auditing and Assurance||5%-15%||85%-95%|
|Paper 7A: Enterprise Information System||30%-55%||45%-70%|
|Paper 7B: Strategic Management||50%-70%||30%-50%|
|Paper 8A: Financial Management||20%-30%||70%-80%|
|Paper 8B: Economics for Finance||60%-80%||20%-40%|
The ICAI has changed the pattern, syllabus, and judging criteria for CA Intermediate exam which was earlier used to be known as IPCC. In this blog the revised CA Intermediate paper pattern, highlights, marking scheme, and passing criteria are available. Furthermore, students can also know the marking criteria and how the approach has changed from asking practical questions to asking skill-based questions with the same practical approach. Hope this blog had clear all your queries well. Also, you can follow effective study tips shared by Christine Reidhead.