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 Books by ICAI
Here’s the master view of the ICAI Material
|
Group |
Paper |
Parts/Sections |
Subjects & Concepts |
Modules |
|
Group I |
Paper 1 |
- |
Accounting |
3 Modules |
|
Accounting Pronouncements |
- |
|||
|
Paper 2 |
Part 1 |
Company Law |
- |
|
|
Part 2 |
Other Laws |
- |
||
|
Paper 3 |
- |
Cost and Management Accounting |
2 Modules |
|
|
Paper 4 |
Section A |
Taxation - Income Tax Law |
3 Modules |
|
|
Section B |
Taxation - Indirect Taxes |
2 Modules |
||
|
Group II |
Paper 5 |
- |
Advanced Accounting |
3 Modules |
|
Accounting Pronouncements |
- |
|||
|
Paper 6 |
Auditing and Assurance |
2 Modules |
||
|
Auditing Pronouncements |
- |
|||
|
Paper 7A |
Enterprise Information Systems |
- |
||
|
Paper 7B |
Strategic Management |
2 Modules |
||
|
Paper 8A |
Financial Management |
- |
||
|
Paper 8B |
Economics For Finance |
- |
All these are sent to you by the ICAI upon CA inter registration. You can also learn them online from here: https://www.icai.org/post/intermediate-integrated-professional-competence-course
These books are very important and they should be your first preference, regardless of what people say. You have to ensure you prepare all the concepts of these books thoroughly.
Speaking of concepts and chapters of each book, there are quite a lot. If you are able to perfectly analyze, interpret, and remember these concepts, then you will not have any problem during the examination.
Now let’s look at individual chapters of each
CA Inter Paper 1: 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
|
Modules |
Chapters |
Units |
|
Module 1 |
Chapter 1: Introduction to Accounting Standards |
- |
|
Chapter 2: Framework for Preparation and Presentation of Financial Statements |
- |
|
|
Chapter 3: Overview of Accounting Standards |
Unit 1: Applicability of Accounting Standards |
|
|
Unit 2: Overview of Accounting Standards |
||
|
Module 2 |
Chapter 4: Financial Statements of Companies |
Unit 1: Preparation of Financial Statements |
|
Unit 2: Cash Flow statement |
||
|
Annexure |
||
|
Chapter 5: Profit or Loss Pre and Post Incorporation |
- |
|
|
Chapter 6: Accounting for Bonus Issue and Right Issue |
- |
|
|
Chapter 7: Redemption of Preference Shares |
- |
|
|
Chapter 8: Redemption of Debentures |
- |
|
|
Module 3 |
Chapter 9: Investment Accounts |
- |
|
Chapter 10: Insurance Claims for Loss of Stock and Loss of Profit |
- |
|
|
Chapter 11: Hire Purchase and Instalment Sale Transactions |
- |
|
|
Chapter 12: Departmental Accounts |
- |
|
|
Chapter 13: Accounting for Branches Including Foreign Branches |
- |
|
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Chapter 14: Accounts from Incomplete Records |
- |
|
|
Pronouncements |
Accounting Pronouncements |
Part I: Framework for Preparation and Presentation of Financial Statements |
|
Part II: Applicability of Accounting Standards |
||
|
Part III: Accounting Standards |
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.
|
Parts |
Chapters |
Units |
|
Part 1 - Company Law |
Chapter 1: Preliminary |
- |
|
Chapter 2: Incorporation of Company and Matters Incidental Thereto |
||
|
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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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 |
||
|
Part 2: Other Laws |
Chapter 1: The Indian Contract Act, 1872 |
Unit 1: Contract of Indemnity and Guarantee |
|
Unit 2: Bailment and Pledge |
||
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Unit 3: Agency |
||
|
Chapter 2: The Negotiable Instruments Act, 1881 |
- |
|
|
Chapter 3: The General Clauses Act, 1897 |
- |
|
|
Chapter 4: Interpretation of Statutes, Deeds and Documents |
- |
CA Inter Paper 3: Cost and Management Accounting
Paper 3 comes in two modules and they cover critical concepts around cost and management accounting. You can find the full study material here: https://www.icai.org/post.html?post_id=15791
Here are the modules and chapters:
|
Modules |
Chapters |
|
Module 1 |
Chapter 1: Introduction to Cost and Management Accounting |
|
Chapter 2: Material Cost |
|
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Chapter 3: Employee Cost |
|
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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 and Contract 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 4: Taxation
Taxation is indeed a vast subject and you will have multiple modules and chapters to cover. Here’s the official study material: https://www.icai.org/post.html?post_id=16947
Now let’s look at the modules, chapters, and units you should cover.
|
Sections |
Modules |
Chapters |
Units |
|
Section A |
Module 1 |
Chapter 1: Basic Concepts |
- |
|
Chapter 2: Residence and Scope of Total Income |
- |
||
|
Chapter 3: Incomes that do not form part of Total Income |
- |
||
|
Module 2 |
Chapter 4: 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 3 |
Chapter 5: Income of Other Persons included in Assessee’s Total Income |
- |
|
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Chapter 6: Aggregation of Income, Set-off and Carry Forward of Losses |
- |
||
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Chapter 7: Deductions from Gross Total Income |
- |
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Chapter 8: Computation of Total Income and Tax Payable |
- |
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Chapter 9: Advance Tax, Tax Deduction at Source and Introduction to Tax Collection at Source |
- |
||
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Chapter 10: Provisions for filing Return of Income and Self-assessment |
- |
||
|
Section B |
Module 1 |
Chapter 1: GST in India – An Introduction |
- |
|
Chapter 2: Supply under GST |
- |
||
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Chapter 3: Charge of GST |
- |
||
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Chapter 4: Exemptions from GST |
- |
||
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Chapter 5: Time and Value of Supply |
Unit I: Time of Supply |
||
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Unit II: Value of Supply |
|||
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Module 2 |
Chapter 6: Input Tax Credit |
- |
|
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Chapter 7: Registration |
- |
||
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Chapter 8: Tax Invoice, Credit and Debit Notes |
- |
||
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Chapter 9: Payment of Tax |
- |
||
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Chapter 10: Returns |
- |
CA Inter Paper 5: Advanced Accounting
Advanced accounting has some complex subjects and chapters that every student has to pay attention to. You may access the full material here: https://www.icai.org/post.html?post_id=12433
Now here are the modules, chapters, and units.
|
Modules |
Chapters |
Units |
|
Module 1 |
Chapter 1: Application of Accounting Standards |
|
|
Chapter 2: Partnership Accounts |
Unit 1: Dissolution of Partnership Firms |
|
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Unit 2: Amalgamation, Conversion and Sale of Partnership Firms |
||
|
Module 2 |
Chapter 3: Accounting for Employee Stock Option Plans |
- |
|
Chapter 4: Buy Back of Securities and Equity Shares with Differential Rights |
- |
|
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Chapter 5: Underwriting of Shares and Debentures |
- |
|
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Chapter 6: Amalgamation of Companies |
- |
|
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Chapter 7: Liquidation of Companies |
- |
|
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Module 3 |
Chapter 8: Financial Statements Banking Companies |
Unit 1: Some Relevant Provisions of The Banking Regulations Act, 1949 |
|
Unit 2: Books of Accounts, Returns and Forms of Financial Statements |
||
|
Unit 3: Capital Adequacy Norms |
||
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Unit 4: Income Recognition, Classification of Assets and Provisions |
||
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Unit 5: Some Special Transactions of Banks |
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Unit 6: Preparation of Financial Statements of Banks, Annexures |
||
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Chapter 9: Non-Banking Financial Companies |
|
|
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Annexures |
|
|
|
Pronouncements |
Part I: Accounting Standards |
|
CA Inter Paper 6: Auditing and Assurance
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.
Here’s the link to the source material: https://www.icai.org/post.html?post_id=10114. Now let's look at the modules.
|
Modules |
Chapters |
|
Module 1 |
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: Audit Documentation and Audit Evidence |
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Chapter 4: Risk Assessment and Internal Control |
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Chapter 5: Fraud and Responsibilities of the Auditor in this Regard |
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Chapter 6: Audit in an Automated Environment |
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Chapter 7: Audit Sampling |
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Chapter 8: Analytical Procedures |
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Module 2 |
Chapter 9: Audit of Items of Financial Statements |
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Chapter 10: The Company Audit |
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Chapter 11: Audit Report |
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Chapter 12: Audit of Banks |
|
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Chapter 13: Audit of Different Types of Entities |
CA Inter Paper 7: Enterprise Information Systems 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.
Here’s the official study material: https://www.icai.org/post.html?post_id=14492
They are divided into two sections and the relevant chapters.
|
Sections |
Chapters |
|
Section-A: Enterprise Information System |
Chapter 1: Automated Business Processes |
|
Chapter 2: Financial and Accounting Systems |
|
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Chapter 3: Information Systems and its Components |
|
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Chapter 4: E-Commerce, M-Commerce and Emerging Technologies |
|
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Chapter 5: Core Banking Systems |
|
|
References |
|
|
Glossary |
|
|
Section-B: Strategic Management |
Chapter 1: Introduction to Strategic Management |
|
Chapter 2: Dynamics of Competitive Strategy |
|
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Chapter 3: Strategic Management Process |
|
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Chapter 4: Corporate Level Strategies |
|
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Chapter 5: Business Level Strategies |
|
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Chapter 6: Functional Level Strategies |
|
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Chapter 7: Organization and Strategic Leadership |
|
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Chapter 8: Strategy Implementation and Control |
CA Inter Paper 8: Financial Management and Economics for Finance
Last but definitely not the least, financial management and economics for finance. The scope of these subjects is huge in the market and so is the study material.
It has multiple topics divided in two sections and further divided into modules. Here’s the link to study material: https://www.icai.org/post.html?post_id=14365
Let’s look at the sections and chapters.
|
Sections |
Modules |
Chapters |
Units |
|
Section-A Financial Management |
Module-1 |
Chapter 1: Scope and Objectives of Financial Management |
- |
|
Chapter 2: Types of Financing |
- |
||
|
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 |
- |
||
|
Appendix – Financial Tables |
- |
||
|
Module-2 |
Chapter 7: Investment Decisions |
- |
|
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Chapter 8: Risk Analysis in Capital Budgeting |
- |
||
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Chapter 9: Dividend Decisions |
- |
||
|
Chapter 10: Management of Working Capital |
Unit I: Introduction to Working Capital Management |
||
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Unit II: Treasury and Cash Management |
|||
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Unit III: Management of Inventory |
|||
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Unit IV: Management of Receivables |
|||
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Unit V: Management of Payables (Creditors) |
|||
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Unit VI: Financing of Working Capital |
|||
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Appendix – Financial Tables |
- |
||
|
Section-B Economics for Finance |
- |
Chapter 1: Determination of National Income |
Unit I: National Income Accounting |
|
Unit II: The Keynesian Theory of Determination of National Income |
|||
|
Chapter 2: Public Finance |
Unit I: Fiscal Functions: An Overview |
||
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Unit II: Market Failure |
|||
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Unit III: Government Interventions to Correct Market Failure |
|||
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Unit IV: Fiscal Policy |
|||
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Chapter 3: Money Market |
Unit I: The Concept of Money Demand: Important Theories |
||
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Unit II: The Concept of Money Supply |
|||
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Unit III: Monetary Policy |
|||
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Chapter 4: International Trade |
Unit I: Theories of International Trade |
||
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Unit II: The Instruments of Trade Policy |
|||
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Unit III: Trade Negotiations |
|||
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Unit IV: Exchange Rate and Its Economic Effects |
|||
|
Unit V: International Capital Movements |
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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