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CA IPCC / intermediate amendments for nov 2017 Exam

CA IPCC Amendments for nov 2017 exam: This blog contains the applicability of amendments for nov 2017 IPCC – Exams.

The Syllabus for May 2017 and Nov 2017 will be different in few subjects when compared to the syllabus that was applicable for Nov 2016 Exam. The reason for the change in CA Intermediate | CA IPCC Syllabus for May 2017 is the applicability of new Union Budget and also applicability of new Notifications and Circulars for this attempt. The CA Intermediate | CA IPCC Syllabus of Subjects like Accounts, Tax, Law and Auditing might see new changes and amendments for May 2017 and Nov 2017 exam. In this Article, we will list out Applicable CA Intermediate | CA IPCC Syllabus in each subject and also Amendments thereto.

CA IPCC Amendments

CA IPCC Amendments

Along with this CA IPCC Amendments for nov 2017 article you also must read the following articles

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Now back to the CA intermediate Amendments for nov 2017 exam

CA IPCC Amendments for nov 2017 exam:

Revised CA Syllabus Applicable from 1st July, 2017

CA IPCC Amendments for nov 2017 exam:ICAI has given a notification about CA New Scheme (CA Course 2017) of Education and Training. ICAI thought that It’s time for changing entire CA Course pattern. So that they announced New CA Course 2016 – a New scheme. Here we given key features of New CA Course 2017 – a New scheme.

Students who are eligible to register in the CPT/IIPCC/Final under the existing scheme, may register on or before 30th June, 2017. With effect from 1st July, 2017, the registration in the CPT/IIPCC/Final under the existing scheme will discontinue.

New CA Syllabus Applicability Date

CA IPCC Amendments for nov 2017 exam:It is a known fact that, the syllabus of CA Course is being radically changed. We have been receiving numerous requests regarding the applicability of this new syllabus.

It is hereby clarified that, the new syllabus will likely come into effect only from May/June 2018 exams.

Students registered under existing syllabus will likely be given 2-3 attempts chance to pass the exams, after which the new syllabus will be made applicable.

Students who registered under old syllabus will be given at least three attempts before making the new syllabus applicable to them.

CA Intermediate | CA IPCC Revised New Syllabus

 Paper 1  Accounting  100 Marks
 Paper 2  Corporate and Other Laws  100 Marks
 Paper  3  Cost Accounting  100 Marks
 Paper 4A  Direct Tax Laws  60 Marks
 Paper 4B  Indirect Tax Laws  40 Marks
 Paper 5  Advanced Accounting  100 Marks
 Paper 6  Auditing and Assurance  100 Marks
 Paper 7A  Financial Management  60 Marks
 Paper 7B  Business Economic Environment  40 Marks
 Paper 8A  Information Technology  60 Marks
 Paper 8B  Strategic Management  40 Marks

CA Final New Revised Syllabus

 Paper 1 Financial Reporting  100 Marks
 Paper 2 Strategic Financial Management  100 Marks
 Paper  3 Advanced Auditing and Professional Ethics  100 Marks
 Paper 4A Corporate Laws  60 Marks
 Paper 4B Other Economic Laws  40 Marks
 Paper 5 Advanced Management Accounting  100 Marks
 Paper 6A Financial Services and Capital Markets  50 Marks
 Paper 6B Information Systems Control and Audit  50 Marks
 Paper 7A Advanced Direct Tax Laws  70 Marks
 Paper 7B International Taxation  30 Marks
 Paper 8B  Advanced Indirect Laws  100 Marks

CA IPCC Amendments for nov 2017 exam:Integrated Course on Information Technology and Soft Skills (ICITSS)

  • Objective:To sharpen the technical and soft skills of CA students.
  • Duration : Three Weeks
  • Who shall do: Students registering for the Intermediate course shall be required to do ICITSS before commencing practical training.
  • Assessment Test: An assessment test shall be conducted at the end of the course which the students have to qualify.

CA IPCC Amendments for nov 2017 exam: Highlights of the New Revised CA Course – CA new syllabus applicable from 2016 exam onwards

  • The President of ICAI, M.Devaraja Reddy, announced that the new CA Syllabus has been approved by the Corporate Affiars ministry and yet to be approved by the Law Affairs Ministry.
  • Once approved, it is likely to be made applicable from November 2017 exams. Existing students under old syllabus will be chance for few attempts before being converted to the new curriculum.
  • Under new syllabus, many changes were brought in all three levels i.e., CPT, IPCC and Final.
  • CPT will then be for 400 marks, with two theory and two objective type papers.
  • CA Intermediate | CA IPCC will have 8 subjects. Ethics and Communication part will be removed from Law Paper. Financial Management will then be moved to second group carrying 100 marks.
  • CA Final will have a new subject named ‘Capital Markets’ in the Second Group, for 50 Marks sharing the paper with ISCA.

Best Recommended Article: Complete Details of CA Intermediate | CA IPCC Syllabus and Subjects – May 2017

CA IPCC Amendments for nov 2017 exam:

Accounts IPCC Syllabus Changes May 2017

There is only one Change and Amendment in CA Intermediate | CA IPCC Accounts Syllabus. The newly introduced Indian Accounting Standards will be applicable for CA Intermediate | CA IPCC May 2017 Exam.

However, only the basics and introduction to the Indian Accounting Standards will be applicable for CA Intermediate | CA IPCC May 2017 Syllabus.

Download full details of CA Intermediate | CA IPCC Announcement on Applicability of Amendments in Accounting Standards for May 2017 Exam

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CA Intermediate | CA IPCC Amendment in Accounting Standards

Download CA Intermediate | CA IPCC Applicability of Amendments for May 2017 Exam

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CA Intermediate | CA IPCC Amendment

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CA Intermediate | CA IPCC DT Amendments for May 2017 Exam

CA Intermediate | CA IPCC Amendments Law Syllabus Changes May 2017

In Company Law Syllabus, there are no new amendments. Students can study the existing syllabus only for May 2017 exam too.

CA Intermediate | CA IPCC Amendments Costing FM Syllabus Changes May 2017

Costing and Financial Management is one of such papers that is very static in nature. The Syllabus hasn’t changed for the past 5 years and will remain the same for CA Intermediate | CA IPCC May 2017 and November 2017 exams too.

Tax CA Intermediate | CA IPCC Amendments Syllabus Changes May 2017

CA Intermediate | CA IPCC Tax Syllabus for May 2017 will see the most number of changes and amendments. This is due to the applicability of the Union Budget introduced in 2016.

CA Intermediate | CA IPCC Amendments Advanced Accounts Syllabus May 2017

As far as CA Intermediate | CA IPCC Advanced Accounts paper is concerned, there are no new Amendments or changes in the syllabus.

CA Intermediate | CA IPCC Amendments Audit Syllabus Changes

In the entire IPCC Auditing part, there are few minor changes in the Company Audit Part. Other than that, there are no new changes in the CA Intermediate | CA IPCC Audit Syllabus applicable for May 2017 exam.

CA Intermediate | CA IPCC Amendments IT SM Syllabus May 2017

Just like Costing FM syllabus, you will not find much changes in the syllabus of CA Intermediate | CA IPCC Information Technology (IT) and Strategic Management (SM) papers.

Paper 1: Accounting

 Accounting Standards 

AS 1  : Disclosure of Accounting Policies
AS 2  : Valuation of Inventories
AS 3  : Cash Flow Statements
AS 6  : Depreciation Accounting
AS 7  : Construction Contracts (Revised 2002)
AS 9  : Revenue Recognition
AS 10  : Accounting for Fixed Assets
AS 13  : Accounting for Investments
AS 14  : Accounting for Amalgamations

Paper 5: Advanced Accounting

Accounting Standards

AS  4 :      Contingencies and Events occurring after the Balance Sheet  Date

AS  5 :      Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies

AS 11 : The Effects of Changes in Foreign Exchange Rates (Revised 2003)  AS    12 :  Accounting for Government Grants

AS 16 : Borrowing Costs AS   19 :  Leases

AS 20 : Earnings Per Share AS   26 :  Intangible Assets

AS    29 :  Provisions, Contingent Liabilities and Contingent Assets.

  1. Applicability of the Companies Act, 2013 and other Legislative Amendments  for Paper 1 and Paper 5 : The relevant notified Sections of the Companies Act, 2013 and  legislative amendments including relevant Notifications / Circulars / Rules /  Guidelines issued by Regulating Authority up to 30th  April,  2016  will  be  applicable  for  November, 2016 Examination
  2. Non-Applicability of Ind ASs for November, 2016 Examination for Paper 1 and Paper 5 : The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Rules, 2015 on 16th February, 2015, for compliance by certain class of These Ind AS have not been made applicable for November,  2016  Examination.
  3. Non-applicability of Amendments made by MCA in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 for Paper 1 and Paper 5 : Amendments made by MCA on 3.2016 in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 have not been made applicable for November, 2016 examination.

Paper 2: Business Laws, Ethics and Communication

The Companies Act, 2013:The relevant sections of the Companies Act, 2013, along with significant Rules/ Notifications/ Circulars/ Clarifications/ Orders issued by the Ministry of Corporate Affairs upto 30th April, 2016. For updates, see http://www.mca.gov.in/

The Negotiable Instruments (Amendment) Act, 2015:The Negotiable Instruments (Amendment) Act, 2015 received the assent of the president on 26th December, 2015 and has been notified in the Official Gazette on 29th December, 2015 by the Ministry   of Law and Justice.

This is an Act further to amend the Negotiable Instruments Act, 1881 and shall be deemed to have come into force on the 15th day of June, 2015.For detail click the following link-

NI-Act-gazette-notification-26.12.2015.pdf

The Payment of Bonus (Amendment) Act, 2015: An Act further to amend the  Payment of Bonus Act, 1965. The Act received the assent of the President on the31st December, 2015, and published in the Official gazette on 1st January 2016 by Ministry of Law and Justice. It shall be deemed to have come into force on the 1st day of April, 2014.For detail click the following link-

Non-applicability of the following sections of the Companies Act,  2013

S.No. Section No. Section title
1. Section 48 Variation of shareholders’ right
2. Section 66 Reduction of share capital
3. Section 75 damages for fraud
4. Section 97 Power of tribunal to call AGM
5. Section  98 Power of Tribunal to call meetings of members,  Etc.
6. Section 99 Punishment for default in complying with provisions of sections 96 to 98

Paper 4: Taxation

Applicability of the Finance Act, Assessment Year etc. for November, 2016   examination

The provisions of income-tax and indirect tax laws, as amended by the Finance Act, 2015, including circulars and notifications issued upto 30th April, 2016, are applicable for November, 2016 examination.  The relevant assessment year for income-tax is A.Y.  2016-17.

Paper 6: Auditing and Assurance

CA IPCC Amendments for nov 2017 exam:

1. Standards on Auditing (SAs):

S.No SA Title of Standard on  Auditing
1 SA 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
2 SA 210 Agreeing the Terms of Audit  Engagements
3 SA 220 Quality Control for Audit of Financial  Statements
4 SA 230 Audit Documentation
5 SA 240 The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements
6 SA 250 Consideration of Laws and Regulations in An Audit  of  Financial  Statements
7 SA 260 Communication with Those Charged with  Governance
8 SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
9 SA 299 Responsibility of Joint Auditors
10 SA 300 Planning an Audit of Financial  Statements
11 SA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
12 SA 320 Materiality in Planning and Performing an  Audit
13 SA 330 The Auditor’s Responses to Assessed  Risks
14 SA 402 Audit Considerations Relating to an Entity Using a Service   Organization
15 SA 450 Evaluation of Misstatements Identified during the  Audits
16 SA 500 Audit Evidence
17 SA 501 Audit Evidence – Specific Considerations for Selected  Items
18 SA 505 External Confirmations
19 SA 510 Initial Audit Engagements-Opening  Balances
20 SA 520 Analytical Procedures
21 SA 530 Audit Sampling
22 SA 540 Auditing   Accounting     Estimates,    Including    Fair   Value   Accounting Estimates, and Related Disclosures
23 SA 550 Related Parties
24 SA 560 Subsequent Events
25 SA 570 Going Concern
26 SA 580 Written Representations
27 SA 600 Using the Work of Another  Auditor
28 SA 610 Using the Work of Internal  Auditors
29 SA 620 Using the Work of an Auditor’s  Expert
30 SA 700 Forming an Opinion and Reporting on Financial  Statements
31 SA 705 Modifications to the Opinion in the Independent Auditor’s  Report
32 SA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
33 SA 710 Comparative Information – Corresponding Figures and Comparative Financial Statements
34 SA 720 The Auditor’s Responsibility in Relation to Other  Information  in  Documents Containing Audited Financial  Statements

2. Statements:

Statement on Reporting under Section 227(1A) of the Companies Act, 1956 (Section 143 (1) of the Companies Act,  2013).

3.Guidance Notes:

  1. Guidance Note on Audit of Inventories.
  2. Guidance Note on Audit of Debtors, Loans and Advances
  3. Guidance Note on Audit of Investments.
  4. Guidance Note on Audit of Cash and Bank Balances.
  5. Guidance Note on Audit of Liabilities.
  6. Guidance Note on Audit of Revenue.
  7. Guidance Note on Audit of Expenses.
  8. Guidance Note on Reporting under section 143 (3) (f) and (h)  of  the  Companies Act, 2013

4. Applicability of the Companies Act, 2013:

  • The relevant notified Sections of the Companies Act, 2013 and other legislative amendments including relevant Notifications / Circulars / Rules / Guidelines issued by Regulating Authorities, cut-off date will be 30th April, 2016.
  • Companies (Auditor’s Report) Order, 2016 issued by Ministry of Corporate Affairs on 29th March, 2016 is applicable for November, 2016 Examination.

Must Download : Download CA Intermediate | CA IPCC Audit Amendments for May 2017 Exam

CA Intermediate | CA IPCC Amendments – May 2017 Exams

Must Read: Complete Details of CA Intermediate | CA IPCC Syllabus and Subjects – May 2017

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Frequently asked questions for CA IPCC Amendments for nov 2017

Q 1. What are the ca ipcc latest amendments for may 2018?

ipcc amendments for nov 2017: The Syllabus for May 2017 and Nov 2017 will be different in few subjects when compared to the syllabus that was applicable for Nov 2016 Exam. The detail information about amendments is given in the above article.

Q 2.What are 2nd group amendments for CA IPCC may 2018?

ipcc amendments for nov 2017: IPCC name changed to Intermediate Course. There are two groups in CA IPCC and each group has four subjects. One subject is added in 2nd group.

Along with CA IPCC amendments for nov 2017 , get these study material for CA IPCC Exam

Important Note – Preparing for CA IPCC?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  

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