CA Intermediate Advanced Accounting - Introduction to Accounting Standards MCQ tests
Chapters covered
- Chapter 1: Introduction to Accounting Standards (30 Q)
Practice tests
- Chapter 1: Introduction to Accounting Standards - Test 1
30 marks, 35 minutes, 15 questions - Chapter 1: Introduction to Accounting Standards - Test 2
30 marks, 35 minutes, 15 questions
Answer keys
Every question with the correct answer, the working behind it and the authority it rests on.
- Chapter 1: Introduction to Accounting Standards - Test 1 — answers
15 questions, answers, explanations and the authorities they rest on - Chapter 1: Introduction to Accounting Standards - Test 2 — answers
15 questions, answers, explanations and the authorities they rest on
About this paper
Chapter-wise practice tests for Chapter 1: Introduction to Accounting Standards of CA Intermediate Paper 1 Advanced Accounting. Covers standard-setting process in India, role of NFRA and ICAI Accounting Standards Board (ASB), GAAP vs IFRS, and convergence with IFRS (Ind AS roadmap).
Tests here: 2 tests, 30 questions in all, 15 questions in 9 case scenarios in each test, 35 minutes and 30 marks each, no negative marking. After you submit you see your score, a chapter-wise and difficulty-wise breakdown, and an explanation for every question.
Law and standards used: Accounting Standards (AS 1 to AS 29) applicable to CA Intermediate, the Companies Act, 2013 and Schedule III Division I (Non-Ind AS) as in the ICAI Study Material for Paper 1 Advanced Accounting for the May 2027 examination attempt..
Questions people ask
What is the pattern of this chapter-wise test series for Introduction to Accounting Standards?
Each test contains 15 questions (2 case scenarios plus standalone computational/standard application MCQs) totaling 30 marks in 35 minutes, strictly based on ICAI New Scheme case scenario patterns with 2 marks per question and no negative marking.
Which accounting standards and study material apply to these questions?
The questions follow the official ICAI Study Material for CA Intermediate Paper 1 Advanced Accounting, fully aligned with applicable Accounting Standards (AS 1 to AS 29) and the Companies Act 2013 for the January/May 2027 examination attempt.
Can I sit these tests in both exam and practice modes?
Yes. Practice mode gives immediate answers with detailed statutory citations and traps explained after every question. Exam mode simulates strict exam conditions with timer and issues a downloadable performance certificate upon submission.
Practice test by HeyArtha. Not issued by or affiliated with ICAI.