Physics Wallah is an Indian edtech platform that provides accessible & comprehensive learning experiences to students from Class 6th to postgraduate level. We also provide extensive NCERT solutions, sample paper, NEET, JEE Mains, BITSAT previous year papers & more such resources to students. Physics Wallah also caters to over 3.5 million registered students and over 78 lakh+ Youtube subscribers with 4.8 rating on its app.
We Stand Out because
We provide students with intensive courses with India’s qualified & experienced faculties & mentors. PW strives to make the learning experience comprehensive and accessible for students of all sections of society. We believe in empowering every single student who couldn't dream of a good career in engineering and medical field earlier.
Our Key Focus Areas
Physics Wallah's main focus is to make the learning experience as economical as possible for all students. With our affordable courses like Lakshya, Udaan and Arjuna and many others, we have been able to provide a platform for lakhs of aspirants. From providing Chemistry, Maths, Physics formula to giving e-books of eminent authors like RD Sharma, RS Aggarwal and Lakhmir Singh, PW focuses on every single student's need for preparation.
What Makes Us Different
Physics Wallah strives to develop a comprehensive pedagogical structure for students, where they get a state-of-the-art learning experience with study material and resources. Apart from catering students preparing for JEE Mains and NEET, PW also provides study material for each state board like Uttar Pradesh, Bihar, and others
What subjects are covered in CA Intermediate Group 2?
CA Intermediate Group 2 includes Cost and Management Accounting, Auditing and Assurance, Financial Management, and Strategic Management.
What is the minimum passing percentage for CA Intermediate Group 2?
You need to score at least 40% in each subject and 50% overall to pass CA Intermediate Group 2.
How should I prepare for the Auditing and Assurance paper?
Focus on understanding audit processes, documentation, and special audits. Practice writing clear and structured answers to maximize your marks.
What are the key areas to study in Financial Management for CA Intermediate Group 2?
Concentrate on Cash Flow, Capital Budgeting, Ratio Analysis, and Cost of Capital. Understanding formulas and their applications is crucial.
Effective Study Plan for CA Intermediate Group 2
Study Plan for CA Intermediate Group 2 help candidates to prepare for the exam effectively. Check effective strategies for Cost and Management Accounting, Auditing and Ethics, and Financial and Strategic Management to achieve top results.
Mridula Sharma11 Sept, 2024
Share
CA Intermediate Group 2:
If you're preparing for the CA Inter Group 2 exam in September 2024, this article offers valuable guidance to help you succeed.
We will outline a clear Study Plan for CA Intermediate Group 2, detailing the key topics to study, their mark weightage, and a structured study plan to cover them effectively.
To pass the
CA Intermediate exams
, students must score at least 40% in each subject and achieve a minimum of 50% overall. Following these preparation tips will significantly improve your chances of passing on your first attempt.
CA Intermediate Group 2
Preparing for the CA Intermediate Group 2 exam in September 2024 requires a strategic approach. This article provides a comprehensive plan to guide your studies, including key topics, their mark weightage, and an effective study schedule. To pass, you need to score at least 40% in each subject and 50% overall.
Following this preparation strategy will help you focus on the essential areas and improve your chances of success on your first attempt. For further support, explore our detailed
study plans for CA Inter Group 1
exams to enhance your overall preparation.
Study Plan for CA Intermediate Group 2
The CA Intermediate Group 2 consists of three important subjects that test your in-depth knowledge and understanding. These subjects are Cost and Management Accounting, Auditing and Ethics, and Financial and Strategic Management.
Each subject demands specific attention, and a Study Plan for CA Intermediate Group 2 should focus on balancing these topics effectively. Understanding the syllabus, weightage, and time required for each subject is essential to crack this stage successfully.
CA Intermediate Group 2: Cost and Management Accounting
Cost and Management Accounting is one of the most practical subjects in Group 2, which requires a thorough understanding of cost behaviors, cost control, and performance evaluation.
Module 1:
Introduction to Cost and Management Accounting
: Begin with understanding the fundamentals and significance of cost accounting in business. Focus on terms and principles.
Material Cost
and
Employee Cost
: Make sure to practice cost sheets and calculations related to these topics.
Overheads – Absorption Costing Method
: Grasp the concept of cost distribution across products and services.
Activity-Based Costing
: This modern approach is important for exam scenarios.
Cost Sheet
: One of the most important topics, ensuring clarity on the format and content.
Cost Accounting Systems
: Understand the systems and their relevance in different industries.
Module 2:
Unit, Batch, Job, and Process Costing
: Practice numerical problems on these topics to ensure accuracy.
Standard Costing and Marginal Costing
: These two are crucial areas that test practical application. Practice variance analysis thoroughly.
Budget and Budgetary Control
: Focus on types of budgets, and how they are used in business control.
CA Intermediate Group 2: Auditing and Assurance
The CA Intermediate Group 2 paper, "Auditing and Assurance," is one of the most anticipated but also challenging subjects. While it may not be the most high-scoring subject, it's crucial to cover every topic thoroughly. Auditing is a core responsibility of a Chartered Accountant, and you will likely perform audits during your practical training after passing the CA Intermediate.
Topics covered in Auditing & Assurance
Syllabus Modules
Chapters
Module-1
Chapter 1: Nature, Objective and Scope of Audit
Chapter 2: Audit Strategy, Audit Planning and Audit Programme
Chapter 3: Risk Assessment and Internal Control
Chapter 4: Audit Evidence
Chapter 5: Audit of Items of Financial Statements
Module-2
Chapter 6: Audit Documentation
Chapter 7: Completion and Review
Chapter 8: Audit Report
Chapter 9: Special Features of Audit of Different Type of Entities
Chapter 10: Audit of Banks
Chapter 11: Ethics and Terms of Audit Engagements
The following are some additional topics:
Special audits for entities like clubs, NGOs, partnership firms, educational institutions, hotels, cinema halls, hospitals, and sole proprietorships.
Vouching and verification of cash, depreciation, tangible and intangible assets.
Risk assessment and internal control, focusing on audit trail and audit risk.
Preparation of audit reports covering audit techniques, audit programmes, sampling, continuous audits, engagement letters, and management representation.
Inherent limitations of audits, operational audits, and detecting fraud and errors.
Audit documentation and evidence, specifically referencing SA 220 and SA 230.
To score well in Auditing, focus on presenting your answers effectively. Write in points or short paragraphs and underline important keywords. Start with a thorough analysis of the question, explain the relevant provisions, and conclude with a solid conclusion. This approach will help in maximizing your marks.
CA Intermediate Group 2: Financial Management
The subject is split into two main areas: Financial Management and Economics for Finance. Financial Management, which is worth 60 marks, now forms a significant part of the second group, while Economics for Finance, worth 40 marks, complements it.
Topics covered in Financial Management
Syllabus Modules
Chapters
Module-1
Chapter 1: Scope and Objectives of Financial Management
Chapter 2: Types of Financing
Chapter 3: Financial Analysis and Planning – Ratio Analysis
Chapter 4: Cost of Capital
Chapter 5: Financing Decisions – Capital Structure
Chapter 6: Financing Decisions – Leverages
Module-2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: Management of Working Capital
To master these topics, it’s essential to start with the fundamental theories and formulas in each chapter. Understanding how formulas are derived will help you retain them longer and apply them easily during exams.
The following are some study strategies for financial accounting:
Start with Cash Flow and Fund Flow:
These are crucial topics, and you are almost guaranteed to see questions related to them in your exam. Focus on understanding the core concepts and practice questions thoroughly.
Build Confidence with Short Chapters:
Move on to a shorter, formula-based chapter like Leverages. If you grasp the concepts well, this chapter becomes one of the easiest to tackle. Understanding the formulas instead of just memorizing them will make it simpler.
Dive into Capital Budgeting:
After that, focus on Capital Budgeting. Be sure to prepare for key methods such as Payback Period, PI, ARR, NPV, and IRR. While all methods are important, NPV and IRR often carry more weight in exams, so pay special attention to these.
Study Ratio Analysis:
Next, tackle Ratio Analysis, another formula-based topic. Understand the formulas before jumping into solving questions, as this will make the problem-solving process smoother.
Complete Remaining Topics:
Finally, cover chapters like Cost of Capital, Leasing, Management of Working Capital, and Capital Structure. Ensure you understand the theory well, as it will provide a strong foundation for solving practical questions.
CA Intermediate Group 2: Strategic Management
This subject is divided into two parts: Information Technology (IT) and Strategic Management (SM). While SM is often viewed as easier and more scoring, IT is known for being more challenging and complex to master.
In Strategic Management, flowcharts and decision tables are among the easiest and highest-scoring topics. Exam questions on these topics, typically worth 8 marks, often come directly from ICAI CA Intermediate study materials, including the study material or practice manual.
A common challenge for students is insufficient revision, which can lead to blanking out during exams despite thorough study. To avoid this, ensure daily revision.
Many students mistakenly believe Strategic Management requires only rote learning. In reality, understanding the concepts is crucial for retention.
Avoid spending an entire day on a single topic. If you're struggling, move on and make a note to seek help from your teachers.
Create chapter summaries, preferably in chart format, as reviewing the entire book before the exam is impractical. Summary notes will be valuable for quick revisions.
Strong language skills are essential, especially in IT and SM, where clear presentations can impact your scores. Practice writing answers at home and compare them with institute materials or suggested answers.
While SM is generally easier than IT, grading in SM can be more rigorous.
Boost your
CA Intermediate Group 2 preparation
with
PW Intermediate Courses
. Expert guidance and comprehensive resources ensure your success. Enroll now and ace your exams with confidence!
