CA Inter Advanced Accounting study guide
CA Inter Advanced Accounting · Work through your exam, one topic at a time.
CA Intermediate Advanced Accounting is one of the papers in the Intermediate level of the Chartered Accountancy course offered by the Institute of Chartered Accountants of India (ICAI), which describes the course on its site under "Courses offered by ICAI" and "Join CA Course - Fulfill your Dreams". This page is an independent study resource for candidates preparing for that paper; it is not affiliated with, endorsed by, or operated by ICAI. The paper sits between the Foundation and Direct Entry routes into Intermediate and the Final level, so it suits candidates who have cleared the entry requirements for Intermediate and are now building the accounting depth the Final papers assume. Expect the paper to test advanced financial reporting and preparation of financial statements, including consolidation, branch and departmental accounting, accounting for specialised transactions and standards-based presentation. Because ICAI's public home page does not publish the detailed syllabus, exam structure, duration, marks, pass criteria or fees for this paper, this page deliberately leaves those fields blank rather than guessing; always confirm current details from ICAI's official announcements and the Board of Studies knowledge portal. Preparation should combine the ICAI study material and practice of full-length problems, working through standards and guidance notes, and timed answer writing so that presentation and working notes are as strong as the computations. Topics on this exam: Advanced Accounting (syllabus domain not enumerated in source). The CA Inter Advanced Accounting study guide has 1 section and about 380 words.
01Advanced Accounting
Advanced Accounting tests the application of accounting standards, company-law measurement rules, and consolidation mechanics to financial statements and reorganisations. You must compute correct carrying amounts, classify reserves, and present balances, not merely pass journal entries. Under AS 10, property, plant and equipment is measured initially at cost: purchase price net of trade discounts, non-refundable taxes, freight, installation, and directly attributable trial-run costs. Refundable taxes, administration overheads, staff training, and costs incurred after the asset is ready for use are expensed.
380 words, about 2 minMore study resources for CA Inter Advanced Accounting
- Practice questionsUnder the Companies Act, 2013, when a company redeems preference shares out of profits, which reserve must be created before the redemption is given effect?
- FlashcardsStage of completion method. Under AS 7, revenue and costs are recognised by reference to the proportion of contract work completed, provided the contract outcome can be estimated reliably and total revenue is probable of collection.
- Cheat sheetAS 7 (revised) construction contracts: when outcome can be estimated reliably, recognise revenue and costs by reference to stage of completion; expected loss on the whole contract is recognised immediately as an expense, not deferred.
- Key termsAmalgamation in the nature of merger. A business combination where all assets and liabilities of the transferor are taken over, shareholders holding substantially all shares become shareholders of the transferee, and the businesses continue jointly; pooling of interests method applies.
- Study planMap the Advanced Accounting syllabus into a topic checklist covering company final accounts, amalgamation, consolidation, branch accounts, partnership reconstitution, and accounting standards, and rate each topic as strong, weak, or unknown after a 30-question diagnostic.
- Common mistakesCandidates learn the consolidation mechanics as a sequence of adjustments and treat each adjustment as independent, so under exam time pressure they jump straight to goodwill and minority interest workings and skip the foundational elimination entry that everything else depends on.
- Exam-day guideCarry a printed copy of the admit ticket for the Advanced Accounting paper.