Group I Paper Syllabi (Papers 5-8)

CMA Intermediate Paper 5: Business Laws and Ethics (BLE)

Syllabus weightage by section:

Section A: Commercial Laws (30%)
- Module 1: Introduction to Law and Legal System in India (5%)
- Module 2: Indian Contracts Act, 1872 (10%)
- Module 3: Sale of Goods Act, 1930 (5%)
- Module 4: Negotiable Instruments Act, 1881 (5%)
- Module 5 & 6: Indian Partnership Act, 1932 and Limited Liability Partnership Act, 2008 (5%)

Section B: Industrial Laws (15%)
- Module 7: Factories Act, 1948
- Module 8: Payment of Gratuity Act, 1972
- Module 9: Employees Provident Fund and Miscellaneous Provisions Act, 1952
- Module 10: Employees State Insurance Act, 1948
- Module 11: The Code on Wages, 2019

Section C: Corporate Laws (40%)
- Module 12: Companies Act, 2013 (40%) — Company formation, Directors role and responsibilities, Financial Control, Shareholders rights

Section D: Business Ethics (15%)
- Module 13: Business Ethics and Emotional Intelligence (15%) — Seven Principles of Public Life, Ethics-Law relationship, Values of Professional Accountants, Emotional Intelligence

CMA Intermediate Paper 6: Financial Accounting (FA)

Syllabus weightage by section:

Section A: Accounting Fundamentals (15%)
- Four Frameworks of Accounting (Conceptual, Legal, Institutional, Regulatory)
- Accounting Principles, Double Entry System, Accounting Cycle
- Trial Balance, Adjustments, Depreciation, Bank Reconciliation

Section B: Accounting for Special Transactions (10%)
- Bills of Exchange, Consignment, Joint Venture

Section C: Preparation of Financial Statements (20%)
- Financial Statements of Commercial Organisations
- Financial Statements of Not-for-Profit Organisations
- Financial Statements from Incomplete Records

Section D: Partnership Accounting (20%)
- Admission, Retirement, Death of Partner
- Joint Life Policy, Dissolution, Amalgamation
- Conversion of Partnership Firm to Company
- Accounting of Limited Liability Partnership

Section E: Lease, Branch and Departmental Accounts (15%)
- Lease Accounting, Branch (including Foreign Branch) and Departmental Accounts
- Insurance Claim for Loss of Stock, Hire Purchase and Installment Sales

Section F: Accounting Standards (20%)
- Introduction to GAAP, AS and Ind AS
- Key Standards: AS 1 (Accounting Policies), AS 10 (PPE), AS 11 (Foreign Exchange), AS 12 (Govt Grants), AS 16 (Borrowing Costs), AS 22 (Taxes on Income)

CMA Intermediate Paper 7: Taxation (DITX) — split into two equal sections:

Section A: Direct Taxation (50%)
Module 1 — Basics of Income Tax Act (10%):
- Basic Concepts, Basis of Charge, Capital & Revenue Receipts
- Residential Status and Scope of Total Income
- Agricultural Income and Incomes exempt from tax

Module 2 — Heads of Income (25%):
- Salaries, Income from House Property
- Profits and Gains of Business or Profession (including Tax Audit u/s 44AB, provisions u/s 43A, 43B, 43AA, 44AD, 44ADA, 44AE)
- Capital Gains, Income from Other Sources

Module 3 — Total Income and Tax Liability of Individuals & HUF (15%):
- Clubbing of Income, Set off and Carry Forward of Losses
- Deductions, Rebate and Relief
- Advance Tax, TDS, TCS
- Filing Return of Income, PAN, Self-Assessment

Section B: Indirect Taxation (50%)
Module 4 — Concept of Indirect Taxes (5%)
Module 5 — Goods and Services Tax (GST) Laws (35%):
- Levy and Collection of CGST and IGST
- Concept of Supply (Composite and Mixed), Reverse Charge
- Exemptions, Composition Levy
- Time, Place and Value of Supply
- Input Tax Credit, GST Liability Computation
- Registration, Tax Invoice, E-Way Bill, Returns and Payment

Module 6 — Customs Act & Rules (10%):
- Basic Concepts, Types of Duties, Valuation Rules, Assessable Value

CMA Intermediate Paper 8: Cost Accounting (CA)

Syllabus weightage by section:

Section A: Introduction to Cost Accounting (40%)
Module 1 — Introduction to Cost Accounting (5%): Basic concepts, Elements of Cost, Classification, Cost Sheet
Module 2 — Cost Ascertainment – Elements of Cost (15%):
- Material Costs: Procurement, Inventory Management, Valuation, Physical Verification, Scrap
- Employee Costs: Time Keeping, Payroll, Overtime, Labour Turnover
- Direct Expenses and Overheads: Collection, Apportionment, Absorption
Module 3 — Cost Accounting Standards CAS 1 to CAS 24 (10%)
Module 4 — Cost Book Keeping (10%): Cost Book, Reconciliation, Integrated Accounting

Section B: Methods of Costing (30%)
Module 5 — Methods of Costing (30%):
- Job Costing, Batch Costing, Contract Costing
- Process Costing (Normal/Abnormal Losses, Equivalent Production, Joint Products, By-Products)
- Operating Costing (Transport, Hotel, Healthcare)

Section C: Cost Accounting Techniques (30%)
Module 6 — Cost Accounting Techniques (30%):
- Marginal Costing: Concept, Absorption vs Marginal, CVP Analysis, Margin of Safety, Decision Making
- Standard Costing and Variance Analysis: Material and Labour Cost Variances
- Budget and Budgetary Control: Types of Budget, Budgetary Control vs Standard Costing, Preparation