Important & High Yield Topics for CA Foundation, Intermediate, and Final Exams

May 15 , 2021
High yield topics for CA Exams

There’s no denying that cracking CA exams is not a cakewalk for students. They need to study extremely hard for at least 10-12 hours daily, make a proper strategy for effective preparation and follow it religiously. It is a well-known fact that the CA syllabus is vast and covering every single topic in a limited time is a big challenge for CA students.

While studying for CA exams, if you have a list of important chapters/topics readily available, it makes your exam preparation more convenient. Not only does it save you precious time, but also acquaint you with topics you need to study on priority.

For instance, when students prepare for CA Intermediate, it is well understood that the syllabus is lengthy and technical. It consists of many chapters which are crucial and carry high weightage. So, if a student studies smartly and starts his preparation from the important topics first, he/she will be able to cover the high scoring parts of the chapter easily.  

Also read: How to Make a Realistic Study Plan for CA Exams

To make your CA exam preparation easier and more productive, we have come up with the most important and high-yielding topics for CA Foundation, Intermediate, and Final.

Let’s start with CA Foundation

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CA Foundation Important Chapters & High Yield Topics

Principles and Practice of Accounting
  • Accounting Process
  • Books of Accounts
  • Preparation of Trial Balance
  • Bank Reconciliation Statement
  • Preparation of Trial Balance
  • Inventories
  • Accounting for Special Transactions
  • Bills of Exchange and Promissory Notes
  • Financial Accounts of Sole Proprietors
  • Final Accounts of Partnership Firms
  • Financial Statements of Not-for-Profit Organization
  • Income and Expenditure Account and Balance Sheet
  • Preparation of Receipts and Payment Accounts
  • Income and Expenditure Account and Balance Sheet for Not-for-Profit Organization
  • Business Laws and Business Correspondence and Reporting
Business Laws and Business Correspondence and Reporting
  • The Indian Contract Act, 1872
  • The Sale of Goods Act, 1930
  • The Indian Partnership Act, 1932
  • The Companies Act, 2013
  • Developing Writing Skills
  • Precis and Article Writing
  • Report Writing
  • Writing Formal Letters
  • Writing Formal Mails
  • Resume Writing
  • Meetings
Business Mathematics and Logical Reasoning & Statistics
  • Time Value of Money
  • Simple Interest
  • Compound Interest and Annuity Applications
  • Calculations of Returns
  • Perpetuity
  • Depreciation
  • Effective Rate of Interest
  • Permutations and Combinations
  • Sequence and Series
  • Number Series Coding and Decoding and Odd Man Out
  • Direction Tests
  • Syllogism
  • Statistical Representation of Data
  • Frequency Distribution
Business Economics and Business and Commercial Knowledge
  • Theory of Demand and Supply
  • Law of Demand and Elasticity of Demand
  • Theory of Consumer Behaviour- Marshallian approach and Indifference Curve Approach
  • Theory of Production and Cost
  • Laws of Production
  • Concepts of Costs
  • Various Forms of Markets- Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly
  • Business Cycles
  • Business Organizations

Also read: 8 things you must know before taking the Foundation Exam

CA Intermediate Important Chapters & High Yield Topics

The important chapters and topics for CA Intermediate Group 1 are as follow:

  • Company Accounts
  • Preparation of Financial Statements
  • Profit (Loss) Prior to Incorporation
  • Accounting for Bonus Issue and Right Issue
  • Process of Formulation of Accounting Standards
  • Application of Accounting Standards
  • Cash Flow Statements
  • Accounting for Government Grants
  • The Effects of Changes in Foreign Exchange Rates
  • Accounting for Special Transactions
  • Special Type of Accounting
  • Accounts from Incomplete Records
Corporate and Other Laws
  • The Companies Act, 2013- Section 1 to 148
  • The Indian Contract Act, 1872
  • The Negotiable Instruments Act, 1881
  • Declaration and Payment of Dividend
  • Accounts of Companies
  • Audits and Auditors
  • Acceptance of Deposits by Companies
  • Registration of Charges
  • Interpretation of Statutes
  • The General Clauses Act, 1897
Cost and Management Accounting
  • Ascertainment of Cost and Cost Accounting System
  • Material Cost
  • Employee Cost
  • Overheads
  • Methods of Costing
  • Single Output/Unit Costing
  • Contract Costing
  • Process/Operation Costing
  • Cost Control and Analysis
  • Standard and Marginal Costing
  • Budget and Budgetary Control
  • Concept of Previous Year and Assessment Year
  • Incomes not included in total income
  • Computation of Total Income and Tax Liability of Individuals
  • PGBP
  • Clubbing of Income
  • Salaries
  • Chapter VI- Deduction
  • TDS & Advance Tax
  • Tax Holidays for new established units in Special Economic Zones
  • Input Tax Credit
  • Value of Supply
  • Levy and Collection of CGST and IGST
  • Exemption of GST
  • Computation of GST Liability
  • Tax Invoice; Credit and Debit Notes

Important Chapters for CA Intermediate Group 2 are as follow:

Advanced Accounting
  • Company Accounts
  • Special Aspects of Company Accounts
  • Reorganization and Liquidation of Companies
  • Consolidated Financial Statements
  • Dissolution of Partnership Firms
  • Applications of Accounting Standards
  • Constructions Contracts
  • Revenue Recognition
  • Accounting for Amalgamations
  • Accounting for Taxes on Income
  • Intangible Assets
  • Banking companies and Non-Banking Financial Companies and regulatory requirements thereof
Auditing and Assurance
  • Auditing Concepts
  • Audit Strategy, Audit Planning and Audit Programme
  • Auditing Standards
  • Risk Assessment and Internal Control
  • Audit in an Automated Environment
  • Fraud and Responsibilities of the Auditor in this regard
  • The Company Audit
  • CARO
  • Tax Audit
  • Audit of Consolidated Financial Statements
  • Audits of Items of Financial Statements
  • SEBI LODR regulations
Enterprise Information & Strategic Management
  • Enterprise Business Processes, Benefits, Risks, and Controls
  • Control Chart
  • Business Reporting and Fundamentals of XBRL
  • Emerging Technology
  • Core Banking System
  • Dynamics of Competitive Strategy
  • SWOT Analysis
  • Globalization
  • Strategy Implementation and Control
  • Strategy Formulation
  • Corporate-Level Strategies
  • Business Level Strategies
Financial Management and Economics of Finance
  • Risk Analysis in Capital Budgeting
  • Financial Decisions- Sources of Finance, Leverages, Cost of Capital, Capital Structure Decisions,
  • Capital Investment Decisions
  • Accounting Rate of Return
  • Dividend Decisions
  • Management of Working Capital
  • Financial Analysis and Planning- Ratio Analysis
  • Macro-Economic Aggregates and Measurement of National Income
  • The Keynesian Theory of Determination of National Income
  • Fiscal Policy
  • Monetary Policy
  • The Instrument of Trade Policy

Important Chapters & High Yield Topics of CA Final

When preparing for CA Final Group 1 consider starting your preparation with these topics first:

Financial Reporting
  • Ind AS on Items impacting the Financial Statements
  • Ind AS on Disclosures in the Financial Statements
  • Other Ind AS
  • Ind and AS on Assets and Liabilities of the Financial Statements including Industry Specific Ind AS
  • Indian Accounting Standards on Group Accounting
  • Accounting and Reporting of Financial Instruments (as per Ind AS)
  • Ind AS on Income Statement
  • Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements
  • Analysis of Financial Statements
Strategic Financial Management
  • Securitization
  • Portfolio Management
  • Derivatives
  • Security Analysis
  • Security Valuation
  • Foreign Exchange Exposure & Risk Management and International Financial Management
  • Corporate Valuation and Mergers
  • Acquisitions & Corporate Restructuring
Advanced Auditing and Professional Ethics
  • Auditing Standards, Statements, and Guidance Notes
  • Audit Planning, Strategy, and Execution
  • Risk Assessment and Internal Control
  • Special Features of Audit of Banks, Insurance & Non-Banking Financial Companies
  • Audit Reports
  • Audit Committee and Corporate Governance
  • Audit under Fiscal Laws
  • Audit of Limited Companies
  • Audit of Consolidated Financial Statements
  • Professional Ethics
Corporate and Economic Laws
  • The Companies Act, 2013
  • National Company Law Tribunal and Appellate Tribunal
  • Companies incorporated outside India
  • Miscellaneous Provisions
  • Adjudication and Special Courts
  • The Insolvency and Bankruptcy Code, 2016
  • The Foreign Exchange Management Act, 1999 (FEMA)
  • The Prevention of Money Laundering Act 2002
  • The Foreign Contribution Regulation Act, 2010
  • Meeting of Boards and its Powers
  • Appointment and Qualification of Directors
  • SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015

For CA Final Group 2, the below-mentioned are the important topics:

Strategic Cost Management and Performance Evaluation
  • Modern Business Environment, Lean System and Innovation
  • Cost Management Techniques
  • Standard Costing
  • Transfer Pricing
  • Performance Measurement and Evaluation
  • Just In Time (JIT)- Theory/Practical
  • Overall Equipment Effectiveness
  • Decision Making
  • Pricing Strategies/Decisions
  • Budgetary Control (Theory)
Direct Tax Laws & International Taxation
  • Profit & Gains of a Business Profession (PGBP)
  • Set-off and Carry Forward of Losses
  • Basis of Charge
  • Taxation of Trust
  • Income Tax Authorities, Procedure for Assessment, Appeals and Revisions
  • Minimum Alternate Trust (MAT)
  • Alternate Minimum Tax (AMT)
  • Deductions u/s 10 AA (Special Economic Zone)
  • Tax Deducted at Source (TDS)
  • Double Tax Avoidance Agreement (DTAA)-Section-91
  • Transfer Pricing (Methods)
  • Charitable Trust
  • Non-Resident Taxation
  • Equalization Levy
  • Double Taxation Relief
  • Assessment
  • Appeals and Revision
Indirect Tax Laws
  • Levy and Collection of CGST and IGST
  • Application of CGST and IGST law
  • Charge of Tax
  • Place of Supply
  • Time and Value of Supply
  • Input Tax Credit
  • Computation of GST Liability
  • Procedures under GST
  • Demand and Recovery
  • Offences and Penalties
  • Levy of and exemption from custom duties
  • Types of Custom Duties
  • Import and Export Procedures including special procedures related to baggage, goods imported or exported by posts.
  • Drawback, Refund
  • Foreign Trade Policy

The topics mentioned in the blog carry high marks weightage and therefore, you should have a deep knowledge of these topics. We hope this list of high-yielding topics will help your CA exam preparation.

You can download the OnePrep app for a better understanding of the topics. OnePrep has brought a revolution in CA education and has everything you need to ace your CA exams. Here you will find the ‘DREAM TEAM’ for CA, which includes the ‘Best and Biggest’ names in the field of CA education: CA Parveen Jindal, CA Bhanwar Borana, CA Aaditya Jain, CA Pankaj Garg, and CA Raj Kumar, to name a few.

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All the best for your exams. Stay tuned for more updates.

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