CA Intermediate Group 1 Overview
CA Intermediate Group 1 (under the New Scheme) has three papers under ICAI's updated syllabus: Paper 1 — Accounting, Paper 2 — Corporate & Other Laws, and Paper 3 — Cost & Management Accounting. Together, these cover 300 marks and form the theoretical and practical foundation of a CA's core skills.
Paper 1: Accounting
Accounting in CA Inter is significantly more advanced than CA Foundation. Key areas:
- AS 1–29 (Indian Accounting Standards) — crucial; expect 30–40 marks from AS application
- Company Accounts — issue of shares, debentures, underwriting, P&L appropriation
- Amalgamation of Companies — pooling of interests vs purchase method (AS 14)
- Liquidation of companies — statement of affairs, list B/C
- Average Due Date, Hire Purchase, Branch accounts
Strategy: Solve ICAI practice manual problems, not just read theory. Accounting is a practice subject — 2 hours of solving beats 4 hours of reading.
Paper 2: Corporate & Other Laws
- Companies Act 2013 — Part I (Sections 1–148): Incorporation, share capital, directors, meetings
- Other Laws — Part II: FEMA basics, Negotiable Instruments Act, Insolvency & Bankruptcy basics
Strategy: Learn section numbers. In CA Inter Law, citing "Section 149(1)" instead of just saying "Companies Act" can mean the difference between 3 marks and 5 marks on a question.
Paper 3: Cost & Management Accounting
- Cost Sheet — a must-learn; appears in every paper
- Marginal Costing, CVP Analysis, Break Even Point
- Standard Costing — material, labour, overhead variances
- Budget and Budgetary Control
- Process Costing, Job Costing, Contract Costing
Strategy: CMA is 80% numerical. Solve the ICAI practice manual exhaustively. The exam repeats similar numerical formats year after year — past papers are gold here.
💡 E-mentor Study Planner for CA Inter covers all three Group 1 papers chapter by chapter. Add your exam date and the planner shows exactly how many chapters you need to cover each week. Track your reading, revision, and practice sessions — all in one place.
90-Day Group 1 Plan
- Days 1–30: Complete Accounting (all chapters, solve practice manual problems daily)
- Days 31–55: Corporate Laws (Companies Act Part I + Other Laws)
- Days 56–75: CMA (focus on numericals — cost sheet, variances, budgets)
- Days 76–90: Full revision + 1 mock paper per subject