CA Inter Books: The Ultimate Guide to Clear Your Exams
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Introduction
“Books are a uniquely portable magic”- Stephen King.
And in the case of CA Inter books, that magic is to help you in clearing your exams with the highest aggregate and equipping yourself with knowledge that will propel your career to greater heights.
In your preparation for CA inter, books provided by the ICAI and books authored by respectable industry veterans play a great role. The more information you consume in a practical way, the more your chances are of success.
It is understood that you have very little time to prepare for these exams, probably 6-7 months. But during this time, if you can dedicate yourself to understanding every concept of the books we mentioned in this article, then we can guarantee that you will see magic in your exam.
However, if you face any difficulty in between the preparation or if you face a hard time in understanding a concept then we at Indigo Learn will help you understand it in a visually pleasing way, which will help you remember the concept for the rest of your life.
In the meanwhile, let us look at the books that will make a difference in your exam.
Books Needed to Clear CA Inter
ICAI Study Material, RTPs, MTPs and past exam papers along with IndigoLearn notes are primary resources that you should use in your exam preparation. While there are several eminent authors whose books are referred to by several students, we suggest that you stick to the resources we have mentioned above. This is simply because there is no end to the number of books and authors whom you can refer to. You will just be overburdening yourselves if you start referring to too many books
CA Inter Paper 1: Advanced Accounting
The accounting papers come with 3 books which are 3 modules and an additional book on accounting pronouncements. You can find the online version here: https://www.icai.org/post.html?post_id=16950
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Modules |
Chapters |
Units |
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Chapter 1: Introduction to Accounting Standards |
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Chapter 2: Framework for Preparation and Presentation of Financial Statements |
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Chapter 3: Applicability of Accounting Standards |
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Chapter 4: Presentation & Disclosures Based Accounting Standards |
Unit 1 AS 1 Disclosure of Accounting Policies | |
| Unit 2 :AS 3 Cashflow statements | ||
| Unit 3 :AS 17 Segment Reporting | ||
| Unit 4: AS 18 Related party disclosures | ||
| Unit 5: AS 20 Earnings per share | ||
| Unit 6 :AS 24 Discontinuing Operations | ||
| Unit 7 :AS 25 Interim Financial Reporting | ||
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Module 2
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Chapter 5: Assets Based Accounting Standards
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Unit 1 AS 2 Valuation of Inventory |
| Unit 2 :AS 10 Property Plant and Equipment | ||
| Unit 3:AS 13 Accounting for Investments | ||
| Unit 4 AS 16 Borrowing Costs | ||
| Unit 5 AS 19 Leases | ||
| Unit 6 AS 26 Intangible Assets | ||
| Unit 7 AS 28 Impairement of Assets | ||
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Chapter 6: Liabilities based Accounting Standards
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Unit 1 AS 15 Employee Benefits | |
| Unit 2 AS 29 Provisions,Contingent liabilities and Contingent Assets | ||
| Chapter 7: Accounting standards based on items impacting financial statements | Unit 1 AS 4 Contingencies and Events occurring after the Balance Sheet Date | |
| Unit 2 AS 5 Net profit or loss for the period,prior period items and Changes in Accounting policies | ||
| Unit 3 AS 11 The effects of changes in foreign exchange rates | ||
| Unit 4 AS 22 Accounting for taxes on income | ||
| Chapter 8: Revenue based Accounting standards
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Unit 1 AS 7 Construction contracts | |
| Unit 2 AS 9 Revenue Recognition | ||
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Chapter 9: Other Accounting Standards
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Unit 1 AS 12 Accounting for Government Grants | |
| Unit 2 AS 14 Accounting for Amalgamations | ||
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Chapter 10: Accounting Standards for consolidated financial statements
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Unit 1 AS 21 Consolidated Financial Statements | |
| Unit 2 AS 23 Accounting for Investments in Associates in Consolidated FS | ||
| Unit 3 AS 27 Financial reporting of Intrests in Joint ventures | ||
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Module 3 |
Chapter 11: Financial statements of companies | Unit 1 Preparation of FS |
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Unit 2 Cashflow statements | |
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Chapter 12: Buyback of shares |
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Chapter 13: Amalgamation of companies |
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Chapter 14: Accounting for Reconstruction of companies |
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Chapter 15: Accounting for branches including foreign branches |
CA Inter Paper 2: Corporate and Other Laws
Paper 2 comes in two parts, company law and other laws. You can find the online version here: https://www.icai.org/post.html?post_id=15790
Now here is the list of the chapters that come with these books that you should learn.
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Parts |
Chapters |
Units |
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Module 1
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Chapter 1: Preliminary |
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Chapter 2: Incorporation of Company and Matters Incidental Thereto |
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Chapter 3: Prospectus and Allotment of Securities |
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Chapter 4: Share Capital and Debentures |
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Chapter 5: Acceptance of Deposits by Companies |
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Chapter 6: Registration of Charges |
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Module 2 |
Chapter 7: Management & Administration |
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Chapter 8: Declaration and Payment of Dividend |
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Chapter 9: Accounts of Companies |
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Chapter 10: Audit and Auditors |
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Chapter 11: Companies incorporated Outside India |
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Module 3 & Other Laws
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Chapter 12: The Limited Liability Partnership Act, 2008 |
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The General Clauses Act |
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Interpretation of Statutes |
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Foreign Exchange Management Act, 1999 |
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CA Inter Paper 3: Taxation
Taxation is indeed a vast subject and you will have multiple modules and chapters to cover.
Now let’s look at the modules, chapters, and units you should cover.
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Sections |
Modules |
Chapters |
Units |
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Section A |
Module 1
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Chapter 1: Basic Concepts |
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Chapter 2: Residence and Scope of Total Income |
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Chapter 3: Heads of Income |
Unit 1: Salaries |
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Unit 2: Income from House Property |
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Unit 3: Profits and Gains of Business or Profession |
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Unit 4: Capital Gains |
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Unit 5: Income from Other Sources |
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Module 2
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Chapter 4: Income of Other Persons included in Assessee’s Total Income |
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Chapter 5: Aggregation of Income, Set-off and Carry Forward of Losses |
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Chapter 6: Deductions from Gross Total Income |
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Chapter 7: Advance Tax, Tax Deduction at Source and Tax Collection at Source |
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Chapter 8: Provisions for filing Return of Income and Self-assessment |
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Chapter 9: Income Tax Liability, computation and Optimisation |
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Section B |
Module 1
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Chapter 1: GST in India – An Introduction |
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Chapter 2: Supply under GST |
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Chapter 3: Charge of GST |
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Chapter 4: Place of Supply |
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Chapter 5: Exemptions from GST |
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Chapter 6: Time of Supply |
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Chapter 7: Value of Supply |
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Module 2
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Chapter 8: Input Tax Credit |
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Chapter 9: Registration |
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Chapter 10: Tax Invoice, Credit and Debit Notes |
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Chapter 11: Accounts and Records |
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Chapter 12: E-Way Bill |
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Chapter 13: Payment of Tax |
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Chapter 14: Tax Deduction at Source and Tax at Source |
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Chapter 15: Returns |
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CA Inter Paper 4: Cost and Management Accounting
Paper 3 comes in two modules and they cover critical concepts around cost and management accounting.
Here are the modules and chapters:
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Modules |
Chapters |
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Module 1 |
Chapter 1: Introduction to Cost and Management Accounting |
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Chapter 2: Material Cost |
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Chapter 3: Employee Cost & Direct Expenses |
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Chapter 4: Overheads: Absorption Costing Method |
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Chapter 5: Activity Based Costing |
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Chapter 6: Cost Sheet |
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Chapter 7: Cost Accounting System |
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Module 2 |
Chapter 8: Unit & Batch Costing |
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Chapter 9: Job Costing |
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Chapter 10: Process & Operation Costing |
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Chapter 11: Joint Products & By Products |
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Chapter 12: Service Costing |
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Chapter 13: Standard Costing |
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Chapter 14: Marginal Costing |
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Chapter 15: Budget and Budgetary Control |
CA Inter Paper 5: Auditing and Ethics
Auditing and assurance have very realistic concepts that most organizations, big and small, utilize on a day-to-day basis. So, ensure you understand the concepts thoroughly. If you have any trouble doing so, then reach out to us, we would love to help you.
Now let's look at the modules.
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Modules |
Chapters |
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Module 1
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Chapter 1: Nature, Objective and Scope of Audit |
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Chapter 2: Audit Strategy, Audit Planning and Audit Program |
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Chapter 3: Risk Assessment and Internal Control |
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Chapter 4: Audit Evidence |
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Chapter 5: Audit of Items of Financial Statements |
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Module 2 |
Chapter 6: Audit Documentation |
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Chapter 7: Completion and Review |
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Chapter 8: Audit Report |
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Chapter 9: Special Features of Audit of Different Types of Entities |
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Chapter 10: Audit of Banks |
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Chapter 11: Ethics and Terms of Audit Engagement |
CA Inter Paper 6: Financial Management and Strategic Management
This paper is bound to test your patience and your learning ability because it covers a significant portion around technological advances in the industry. Check some interesting explainer videos from Indigo Learn if you have any trouble understanding.
They are divided into two sections and the relevant chapters.
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Sections |
Chapters |
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Section-A: Financial Management |
Chapter 1: Scope and Objectives of Financial Management |
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Chapter 2: Types of Financing |
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Chapter 3: Financial Analysis and Planning Ratio Analysis |
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Chapter 4: Cost of Capital |
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Chapter 5: Financing Decisions, Capital Structure |
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Chapter 6: Financing Decisions, Leverages |
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Financial Management Module 2
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Chapter 7: Investment Decisions |
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Chapter 8: Dividend Decision |
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Chapter 9: Management of Working Capital |
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Section-B: Strategic Management |
Chapter 1: Introduction to Strategic Management |
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Chapter 2: Strategic Analysis: External Environment |
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Chapter 3: Strategic Analysis: Internal Environment |
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Chapter 4: Strategic Choices |
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Chapter 5: Strategy Implementation and Evaluation |
Summary
These are the books, sections, modules, chapters, and units of the official ICAI CA inter study material. If you have to ace your exams then this is the first place to start.
Once you read this ICAI Material and also parallelly go through IndigoLearn notes your battle is half won. You should make your own short notes and use that for revision as you prepare for exams. You also need to go through past Exam papers, RTPs, and MTPs to ensure your preparation is comprehensive and complete.
You can download all the MTPs, RTPs, and past exam papers as well as free notes from IndigoLearn by clicking here
If you are facing a hard time then reach out to us. We would love to help you and see you succeed.
Till we see you next time, Have a nice day!
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