Aspire Academy/Caintermediate

Overview

This is the second stage in the Chartered Accountancy curriculum.
Intermediate level consists of two groups of 3 papers each (i.e. 6 papers in total).
Examinations are held thrice a year in the months of January, May/June and November.
A student can study and appear in the examination group-wise or both the groups together.
Proficiency Level expected is Working Knowledge

Eligibility

A candidate can register for registering in Intermediate course through the Foundation route or Direct Entry route.

Foundation Route:

Candidates after passing Foundation Examination and Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto, are eligible for registration to Intermediate Course through Foundation Route.

Direct Entry Route:

Graduates/ Post-Graduates in Commerce (with minimum 55% marks) or Graduates/ Post-Graduates other than in Commerce (with minimum 60% marks) or Intermediate level passed candidates of Institute of Company Secretaries of India/ Institute of Cost Accountants of India are eligible for registration to Intermediate Course through Direct Entry Route.

A student in the last year of graduation can register provisionally for the CA Intermediate Course through Direct Entry Route. After completing the Graduation with requisite marks and completion of eight months of study period in Intermediate Course from the date of provisional registration, would become eligible to appear in Intermediate Examination.

Provisional registration will get confirmed after submission of mark sheet of Graduation examination result with requisite marks. The mark sheet should be submitted within six months of declaration of result of Graduation examination

The Intermediate Examinations are held twice a year in the months of May and November. Candidate should be registered in Intermediate Course for a minimum period of eight months on or before the 1st day of the month in which the examination is held. For example, a candidate should be registered in Intermediate Course on or before 1st September, 2023 for appearing in Intermediate May, 2024 Examination and on or before 1st March, 2024 for appearing in Intermediate November, 2024 Examination

Registration in both the groups of CA Intermediate is mandatory.

Subjects covered in Intermediate Course

Group-I

Paper-1Advanced Accounting (100 Marks)

Paper-2 Corporate and Other Laws (100 Marks)

Section A: Income-Tax Law (50 Marks)

Section B: Goods and Service Tax (50 Marks)

Group-II

Paper-4 Cost and Management Accounting (100 Marks)

Paper-5 Auditing and Ethics (100 Marks)

Section A: Financial Management (50 Marks)

Section B: Strategic Management (50 Marks)

Note

There will be 30% case scenario/ case-study based MCQs and 70% descriptive questions in all the six papers of Intermediate Examination.
There will be no negative marking for Objective type questions.

Passing criteria in Intermediate Examination

A student is declared to have passed in both the groups of Intermediate Examination simultaneously, if he/she –

secures at one sitting a minimum of 40% marks in each paper of each of the groups and a minimum of 50% marks in the aggregate of all the papers of each of the groups.
secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken together. Alternatively, a student is declared to have passed in a group, if he/she secures at one sitting a minimum of 40% marks in each paper of the group and a minimum of 50% marks in the aggregate of all the papers of that group. He/she can pass both the groups individually in different sittings

Exemption Criteria

If a student has appeared in all the papers in a Group and fails in one or more papers but secures a minimum of 60% marks in any paper or papers of that Group, he/she shall be exempted for that paper or papers in which he/she has secured 60% or more marks for the immediately next three following examinations. The student will be required to obtain a minimum of 40% marks in each of the remaining paper(s) and a minimum of 50% marks in the aggregate of all the papers including the exempted paper(s) to pass the Group.

If the student is not able to pass the said Group in the following three attempts and has exhausted the exemption granted to him/her, the student may opt for continuing of the said exemption to the subsequent examinations provided that he/she shall be required to obtain a minimum of 50% marks in each of the remaining paper or papers of that Group in order to pass that Group.

	Paper	Subject	Faculty
Group 1	1	Advanced Accounting	CA Rajan
	2	Corporate and Other Laws	Vimhalesh CMA,CS,LLB
	3	Taxation	CA Rajan / CA Vanjeeswaran
Group 2	4	Cost and Management Accounting	CA , CMA Vijay Kirthi
	5	Auditing and Ethics	CA Vishnupriya Anand
	6	Financial Management and Strategic Management	N Seshadri, Mcom,CA,CMA,CS

Paper-3 Taxation (100 Marks)

Paper-6 Financial Management & Strategic Management (100 Marks)

Courses

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