Institute of Chartered Accountants of India (ICAI) has issued detailed guidelines on the applicable Board of Studies (BoS) publications for its upcoming examinations in January 2025 and November 2024. For the Foundation Course slated for January 2025, students will refer to the April 2023 editions for Accounting, Business Laws, Quantitative Aptitude, and Business Economics. The Intermediate Course, also set for January 2025, incorporates April 2023 editions for subjects like Advanced Accounting, Corporate and Other Laws (updated with amendments), Taxation (both Income-tax Law and Goods and Services Tax), Cost and Management Accounting, Auditing and Ethics, and Financial Management. Each subject includes necessary updates to align with current statutory requirements and examination expectations.
Moving to the Final Course scheduled for November 2024, students will utilize a mix of April 2023 and October 2023 editions across various papers. These include Financial Reporting, Advanced Financial Management, Advanced Auditing, Assurance and Professional Ethics, Direct Tax Laws & International Taxation (enhanced with statutory and judicial updates), Indirect Tax Laws, and Integrated Business Solutions. The study materials for Integrated Business Solutions encompass foundational papers from the Final Course alongside updates and amendments essential for the November 2024 exams. Throughout these publications, the ICAI emphasizes the importance of RTPs (Readiness Test Papers) and statutory updates, ensuring candidates are well-prepared with the latest knowledge and regulatory insights applicable to each examination session. This structured approach not only supports comprehensive learning but also facilitates adherence to evolving standards in accounting, taxation, auditing, and business laws, crucial for aspiring chartered accountants navigating the complexities of today’s professional landscape.
Institute of Chartered Accountants of India
Board of Studies
The Institute of Chartered Accountants of India
APPLICABLE BOS PUBLICATION FOR
FOUNDATION COURSE, INTERMEDIATE COURSE JANUARY, 2025 EXAMINATION
AND FINAL COURSE, NOVEMBER, 2024 EXAMINATION
FOUNDATION COURSE – Applicable BoS Publication for January, 2025 Examination
| Subjects | Edition Month & Year |
| Paper 1: Accounting (Module 1 and Module 2) | April, 2023 |
| Paper 2: Business Laws | April, 2023 |
| Paper 3: Quantitative Aptitude | April, 2023 |
| Paper 4: Business Economics | April, 2023 |
INTERMEDIATE COURSE – Applicable BoS Publication for January, 2025 Examination
| Subjects | Edition Month & Year |
| Paper-1: Advanced Accounting (Module 1, Module 2, Module 3) |
April, 2023 |
| Paper-2: Corporate and Other Laws (Module 1, Module 2, Module 3)+ Relevant Amendments for January 2025 Examination |
April, 2023 |
| Paper-3: Taxation
Section A – Income-tax Law (Module 1 and Module 2) To be read along with Statutory Update for January 2025 Examination alongwith RTP for Paper 3A for January 2025 Examination |
June, 2023 |
| Paper-3: Taxation
Section B – Goods and Services Tax (Module 1 and Module 2) To be read along with Statutory Update for January 2025 Examination alongwith RTP for Paper 3B for January 2025 examination |
June, 2023 |
| Paper-4: Cost and Management Accounting (Module 1 and Module 2) | April, 2023 |
| Paper-5: Auditing and Ethics (Module 1 and Module 2) |
April, 2023 |
| Paper-6A: Financial Management (Module 1 and Module 2) |
April, 2023 |
| Paper-6B: Strategic Management alongwith RTP for Paper 6B for January 2025 exams | April, 2023 |
FINAL COURSE – Applicable BoS Publication for November, 2024 Examination
| Subjects | Edition Month & Year |
| Paper 1: Financial Reporting
(Module 1, 2, 3, 4) alongwith RTP of Financial Reporting for November 2024 |
April, 2023 |
| Paper 2: Advanced Financial Management | April, 2023 (Reprint October 2023) |
| Paper 3: Advanced Auditing, Assurance and Professional Ethics
(Module 1, 2, 3) To be read with RTP of Advanced Auditing, Assurance and Professional Ethics for November 2024 Examinations |
April, 2023 |
| Paper 4: Direct Tax Laws & International Taxation
(Module 1, 2, 3, 4) To be read along with Statutory Update & Judicial update for November 2024 Examination alongwith RTP of Paper 4 for November 2024 examination. |
October, 2023 |
| Paper 5: Indirect Tax Laws (Module 1, 2, 3, 4) To be read along with Statutory Update for November 2024 Examination alongwith RTP for IDTL (Paper 5) for November, 2024 examination. | October, 2023 |
| Paper 6: Integrated Business Solutions (Multidisciplinary Case Study with Strategic Management) | Study material of Papers 1 to 5 of Final Course relevant for November 2024 Examination + Statutory Update & Judicial Update of Papers of Final Course (wherever applicable) + Study material of Self-Paced Online Modules Set A: Corporate and Economic Laws (April, 2023 edition) (Module 1 and 2) + Relevant Amendments and Set B: Strategic Cost & Performance Management (October, 2023 edition) (Module 1 and 2) |
Joint Director & Secretary, Board of Studies
