This book is prepared exclusively for the Intermediate Level of Chartered Accountancy Examination requirement. It covers the new syllabus per ICAI. It applies to Group I | Paper 1 – Advanced Accounting.

It simplifies complex accounting concepts and ensures that readers can confidently apply these standards practically. The approach taken by the authors combines theoretical rigour with practical insight, helping students build a solid foundation for their exams and future professional practice. It offers in-depth explanations, examples, and practice questions to clarify concepts and reinforce learning.

The Present Publication is the 14^th Edition for the CA-Inter | New Syllabus | May/Sept. 2025 Exams. This book is authored by Dr D.S. Rawat & CA. Nozer Shroff, with the following noteworthy features:

• Strictly as per the New Syllabus of the ICAI
• [Comprehensive Coverage] Includes detailed discussions on all Accounting Standards (AS-1 to AS-29) relevant for CA-Intermediate, along with an introduction to Ind AS
• [Lucid Explanation] Breaks down complex concepts with step-by-step illustrations, practical examples and scenarios
• [Exam-oriented Approach] Focused on the CA-Intermediate Paper 1 syllabus, featuring important exam tips, practice questions, and solved papers (for May, Sept., and Jan. attempts)
• [Structured Learning] Each chapter is dedicated to a specific Accounting Standard, providing conceptual clarity, examples, and question banks for practice
• [Authored by Experts] Draws upon the combined decades-long expertise of Dr D.S. Rawat and CA. Nozer Shroff
• [Updated Content] Reflects the most recent amendments and guidelines issued by ICAI and relevant regulatory bodies, ensuring alignment with the New Scheme and exam requirements
• [Student-Oriented Book] The authors have developed this book keeping in mind the following factors:
  • Interaction of the authors with their students, with specific emphasis on difficulties faced by students in the examinations
  • Shaped by the author’s experience of teaching the subject matter at different levels
  • Reactions and responses of students have also been incorporated at different places in the book

The structure of the book is as follows:

• Conceptual Clarity – Each chapter opens with the fundamental principles and objectives of the relevant AS
• Illustrations & Examples – Short examples are used throughout to illustrate key points, followed by more comprehensive case studies
• Step-by-step Guidance – Detailed explanations of how to apply accounting principles in various scenarios, ensuring a robust understanding of the standards
• Practice & Revision – Each chapter concludes with practical questions, guiding students on how to approach problem-solving in exams
• Summaries & Highlights – The end-of-chapter summaries consolidate important points, helping with quick revision
• Past Exam Coverage – Includes previous papers’ questions and answers for practice and familiarity with exam patterns