Institute of Chartered Accountants of India (ICAI) has released the Board of Studies (BOS) publications applicable for the May 2025 examination across Foundation, Intermediate, and Final courses. For Foundation, the publications for Accounting, Business Laws, Quantitative Aptitude, and Business Economics are from August 2024. For the Intermediate course, Advanced Accounting, Corporate and Other Laws, Taxation, Cost and Management Accounting, Auditing and Ethics, and Strategic Management study materials will be published in July and October 2024. The Final course includes Financial Reporting, Advanced Financial Management, Auditing, Direct and Indirect Tax Laws, and Integrated Business Solutions with materials from November 2024. Additionally, specific study material for Strategic Management and related case studies, including online resources, are available for Final papers. Candidates are advised to follow the provided study guidelines in conjunction with the publications for effective exam preparation.
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
Board of Studies
The Institute of Chartered Accountants of India
BOS PUBLICATION APPLICABLE FOR
FOUNDATION, INTERMEDIATE AND FINAL COURSE, MAY 2025 EXAMINATION
FOUNDATION COURSE –BOS Publication applicable for May 2025 Examination
| Subjects | Edition Month & Year |
| Paper 1: Accounting (Module 1 and Module 2) | August, 2024 |
| Paper 2: Business Laws | August, 2024 |
| Paper 3: Quantitative Aptitude | August, 2024 |
| Paper 4: Business Economics | August, 2024 |
INTERMEDIATE COURSE – BOS Publication applicable for May 2025 Examination
| Subjects | Edition Month & Year |
| Paper-1: Advanced Accounting (Module 1, Module 2, Module 3) |
July, 2024 |
| Paper-2: Corporate and Other Laws (Module 1, Module 2, Module 3) | July, 2024 |
| Paper-3: Taxation
Section A – Income-tax Law (Module 1 and Module 2) |
October, 2024 |
| Paper-3: Taxation
Section B – Goods and Services Tax (Module 1 and Module 2) |
October, 2024 |
| Paper-4: Cost and Management Accounting (Module 1 and Module 2) | July, 2024 |
| Paper-5: Auditing and Ethics (Module 1 and Module 2) |
July, 2024 |
| Paper-6A: Financial Management (Module 1 and Module 2) |
July, 2024 |
| Paper-6B: Strategic Management | July, 2024 |
FINAL COURSE – BOS Publication applicable for May 2025 Examination
| Subjects | Edition Month & Year |
| Paper 1: Financial Reporting
(Module 1, 2, 3, 4, 5) |
November, 2024 |
| Paper 2: Advanced Financial Management | November, 2024 |
| Paper 3: Advanced Auditing, Assurance and Professional Ethics
(Module 1, 2, 3) |
November, 2024 |
| Paper 4: Direct Tax Laws & International Taxation(Module 1, 2, 3, 4) |
November, 2024 |
| Paper 5: Indirect Tax Laws (Module 1, 2, 3, 4) |
November, 2024 |
| Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) |
The above BOS inputs may be studied along with the Study Guidelines (for May, 2025 Examination), wherever applicable. |
Joint Director & Secretary, Board of Studies
