CA IPCC Syllabus and Subjects pdf for November 2018 exam by ICAI
CA IPCC Syllabus and Subjects : Through this article you will get the November 2018 CA IPCC syllabus details.
In case you are looking for CA Intermediate syllabus, subjects read article here – CA Intermediate syllabus
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CA IPCC Syllabus for 2018 exam
There are total 7 Papers in CA IPCC Syllabus.
Group I
Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
- Part I: Business Laws (60 marks) comprising
- Business Laws (30 marks)
- Company Law (30 marks)
- Part II: Ethics (20 marks)
- Part III: Communication (20 marks)
Paper 3: Cost Accounting and Financial Management (100 marks)
- Part I: Cost Accounting (50 marks)
- Part II: Financial Management (50 marks)
Paper 4: Taxation (100 marks)
- Part I: Income-tax (50 marks)
- Part II: Indirect Taxes (50 marks)
Group II
Paper 5: Advanced Accounting (100 marks)
Paper 6: Auditing and Assurance (100 marks)
Paper 7: Information Technology and Strategic Management (100 marks)
- Section A: Information Technology (50 marks)
- Section B: Strategic Management (50 marks)
You might heard that GST Will applicable for CA IPCC May/November 2018 exam. So Students are asking for GST Study material and Practice manual. Here we are providing CA IPCC GST Practice Manual study material for May/November 2018 exam
CA IPCC Old Scheme Vs CA Inter New Scheme Syllabus
Old Scheme | New Scheme |
CA IPCC | CA Intermediate |
700 Marks and 7 papers | 800 Marks and 8 papers |
Group 1 | |
Accounting (100 Marks) | Accounting (100 Marks) |
Business Laws, Company Law(30 + 30 Marks), Ethics and Communication (20 + 20 Marks) | Corporate (60 Marks)and Other Laws (40 Marks) |
Cost Accounting (50 Marks)Financial Management (50 Marks) | Cost Accounting (100 Marks) |
Taxation (DT 50 Marks | IDT 50 Marks) | Direct Tax Laws (60 Marks) andIndirect Tax Laws (40 Marks) |
Group 2 | |
Advanced Accounting (100 Marks) | Advanced Accounting (100 Marks) |
Auditing and Assurance (100 Marks) | Auditing and Assurance (100 Marks) |
Financial Management (60 MarksBusiness Economic Environment (40 Marks) | |
Information Technology (50 Marks)Strategic Management (50 Marks) | Information Technology (60 Marks)Strategic Management (40 Marks) |
CA IPCC syllabus for Nov 2018 pdf
Group – I | Group – II |
Paper – 1 : accounting | Paper – 5 : advanced-accounting |
Paper – 2 : business-laws-ethics-and-communication | Paper – 6 : auditing-and-assurance |
Paper – 3 : cost-accounting-and-financial-management | Paper – 7 : information-technology-and-strategic-management |
Paper – 4 : taxation |
Complete Details of CA IPCC Syllabus and Subjects – nov 2018
CA IPCC Syllabus : It has the full ca ipcc Syllabus specified by the Council under Regulation 28E(3) of the Chartered Accountants Regulations for November 2018 CA IPCC Examination.
IPCC Syllabus of both group
GROUP – I
CA IPCC Syllabus | PAPER 1: ACCOUNTING
(One paper – Three hours – 100 Marks)
Level of Knowledge: Working Knowledge
Objectives:
- To lay a foundation for the preparation and presentation of financial statements,
- To gain working knowledge of the principles and procedures of accounting and their application to different practical situations,
- To gain the ability to solve simple problems and cases relating to sole proprietorship, partnership and companies and
- To familiarize students with the fundamentals of computerized system of
Contents:
- A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards.
- Accounting Standards
Working Knowledge of:
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 |
- Company Accounts
- Preparation of financial statements – Profit and Loss Account, Balance Sheet and Cash Flow Statement, Statement of changes in Equity and Explanatory Notes
- Profit (Loss) prior to incorporation
- Alteration of share capital, Conversion of fully paid shares into stock and stock into shares, Accounting for bonus issue
- Simple problems on Accounting for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation on inter-company holding)
- Average Due Date, Account Current, Self-Balancing Ledgers
- Financial Statements of Not-for-Profit Organisations
- Accounts from Incomplete Records
- Accounting for Special Transactions
- Hire purchase and installment sale transactions
- Investment accounts
- Insurance claims for loss of stock and loss of profit
- Issues in Partnership Accounts
Final accounts of partnership firms – Admission, retirement and death of a partner including treatment of goodwill.
- Accounting in Computerized Environment
An overview of computerized accounting system–Salient features and significance, Concept of grouping of accounts, Codification of accounts, Maintaining the hierarchy of ledger, Accounting packages and consideration for their selection, Generating Accounting Reports.
Note : If either old Accounting Standards (ASs), Announcements and Limited Revisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs are issued by the Institute of Chartered Accountants of India in place of existing ASs, Announcements and Limited Revisions to ASs, the syllabus will accordingly exclude/include such new developments in place of the existing ones with effect from the date to be notified by the Institute.
ICAI Announcement on Implementation of Revised Scheme of Education and Training for CA Course
Important Announcement |
Sub: Implementation of Revised Scheme of Education and Training for CA Course w.e.f. 1st July, 2017. All concerned are hereby informed that the Revised Scheme of Education and Training for CA course will come into effect from 1st July, 2017. 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. The Revised Scheme will be made available shortly at www.icai.org |
CA IPCC Syllabus | PAPER 2: BUSINESS LAWS, ETHICS AND COMMUNICATION
(One paper – Three hours – 100 Marks)
Level of Knowledge: Working knowledge
ICAI IPCC Syllabus:
PART I – BUSINESS LAW (60 MARKS)
Objective:
To test working knowledge of Business Law and Company Law and their practical application in commercial situations.
Contents:
Business Law (30 Marks)
- The Indian Contract Act, 1872
- The Negotiable Instruments Act, 1881
- The Payment of Bonus Act, 1965
- The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
- The Payment of Gratuity Act, 1972
Company Law (30 Marks)
The Companies Act, 2013 – Sections 1 to 122
- Preliminary
- Incorporation of Company and Matters Incidental thereto
- Prospectus and Allotment of Securities
- Share Capital and Debentures
- Acceptance of Deposits by companies
- Registration of Charges
- Management and Administration
- Company Law in a computerized Environment – E-filing.
Note:
- The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.
- If new legislations are enacted in place of the existing legislation, the syllabus would include the corresponding provisions of such new legislation with effect from a date notified by the Institute.
PART II – ETHICS (20 MARKS)
Objective:
To have an understanding of ethical issues in business.
Contents:
- Introduction to Business Ethics
The nature, purpose of ethics and morals for organizational interests; Ethics and Conflicts of Interests; Ethical and Social Implications of business policies and decisions; Corporate Social Responsibility; Ethical issues in Corporate Governance.
2. Environment issues
Protecting the Natural Environment – Prevention of Pollution and Depletion of Natural Resources; Conservation of Natural Resources.
3. Ethics in Workplace
Individual in the organisation, discrimination, harassment, gender equality.
4. Ethics in Marketing and Consumer Protection
Healthy competition and protecting consumer’s interest.
5. Ethics in Accounting and Finance
Importance, issues and common problems.
CA IPCC PART III – COMMUNICATION (20 MARKS)
Objective:
To nurture and develop the communication and behavioural skills relating to business
Contents:
- Elements of Communication
- Forms of Communication: Formal and Informal, Interdepartmental, Verbal and non- verbal; Active listening and critical thinking
- Presentation skills including conducting meeting, press conference
- Planning and Composing Business messages
- Communication channels
- Communicating Corporate culture, change, innovative spirits
- Communication breakdowns
- Communication ethics
- Groups dynamics; handling group conflicts, consensus building; influencing and persuasion skills; Negotiating and bargaining
- Emotional intelligence – Emotional Quotient
- Soft skills – personality traits; Interpersonal skills ; leadership
2. Communication in Business Environment
- Business Meetings – Notice, Agenda, Minutes, Chairperson’s speech
- Press releases
- Corporate announcements by stock exchanges
- Reporting of proceedings of a meeting
3. Basic understanding of legal deeds and documents
- Partnership deed
- Power of Attorney
- Lease deed
- Affidavit
- Indemnity bond
- Gift deed
- Memorandum and articles of association of a company
- Annual Report of a company
Complete Details of CA IPCC Syllabus and Subjects – nov 2017
CA IPCC Syllabus:
PAPER 3 : COST ACCOUNTING AND FINANCIAL MANAGEMENT
(One paper – three hours-100 marks)
Level of Knowledge: Working knowledge
CA IPCC Syllabus| PART – I : COST ACCOUNTING (50 MARKS)
Objectives:
- To understand the basic concepts and processes used to determine product costs,
- To be able to interpret cost accounting statements,
- To be able to analyse and evaluate information for cost ascertainment, planning, control and decision making, and
- To be able to solve simple
Contents
- Introduction to Cost Accounting
- Objectives and scope of Cost Accounting
- Cost centres and Cost units
- Cost classification for stock valuation, Profit measurement, Decision making and control
- Coding systems
- Elements of Cost
- Cost behaviour pattern, Separating the components of semi-variable costs
- Installation of a Costing system
- Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management
2. Cost Ascertainment
- Material Cost
- Procurement procedures— Store procedures and documentation in respect of receipts and issue of stock, Stock verification
- Inventory control — Techniques of fixing of minimum, maximum and reorder levels, Economic Order Quantity, ABC classification; Stocktaking and perpetual inventory
- Inventory accounting
- Consumption — Identification with products of cost centres, Basis for consumption entries in financial accounts, Monitoring Consumption
Employee Cost
- Attendance and payroll procedures, Overview of statutory requirements, Overtime, Idle time and Incentives
- Labour turnover
- Utilisation of labour, Direct and indirect labour, Charging of labour cost, Identifying labour hours with work orders or batches or capital jobs
- Efficiency rating procedures
- Remuneration systems and incentive
Direct Expenses
Sub-contracting — Control on material movements, Identification with the main product or service.
Overheads
- Functional analysis — Factory, Administration, Selling, Distribution, Research and Development Behavioural analysis — Fixed, Variable, Semi variable and Step cost
- Factory Overheads — Primary distribution and secondary distribution, Criteria for choosing suitable basis for allotment, Capacity cost adjustments, Fixed absorption rates for absorbing overheads to products or services
- Administration overheads — Method of allocation to cost centres or products
- Selling and distribution overheads — Analysis and absorption of the expenses in products/customers, impact of marketing strategies, Cost effectiveness of various methods of sales
Cost Book-keeping
Cost Ledgers—Non-integrated accounts, Integrated accounts, Reconciliation of cost and financial accounts.
Costing Systems
- Job Costing
Job cost cards and databases, Collecting direct costs of each job, Attributing overhead costs to jobs, Applications of job costing.
Batch Costing
- Contract Costing
Progress payments, Retention money, Escalation clause, Contract accounts, Accounting for material, Accounting for plant used in a contract, Contract profit and Balance sheet entries.
Process Costing
Double entry book keeping, Process loss, Abnormal gains and losses, Equivalent units, Inter-process profit, Joint products and by products.
Operating Costing System
Introduction to Marginal Costing
Marginal costing compared with absorption costing, Contribution, Break-even analysis and profit volume graph.
Introduction to Standard Costing
Various types of standards, Setting of standards, Basic concepts of material and Labour standards and variance analysis.
Budget and Budgetary Control
The budget manual, preparation and monitoring procedures, budget variances, flexible budget, preparation of functional budget for operating and non operating functions, cash budget, master budget, principal budget factors.
CA IPCC Syllabus | PART – II: FINANCIAL MANAGEMENT (50 MARKS)
Objectives:
- To develop ability to analyse and interpret various tools of financial analysis and planning,
- To gain knowledge of management and financing of working capital,
- To understand concepts relating to financing and investment decisions, and
- To be able to solve simple
Contents
- Scope and Objectives of Financial Management
- Meaning, Importance and Objectives
- Conflicts in profit versus value maximisation principle
- Role of Chief Financial
Time Value of Money
Compounding and Discounting techniques— Concepts of Annuity and Perpetuity
Financial Analysis and Planning
- Ratio Analysis for performance evaluation and financial health
- Application of Ratio Analysis in decision making
- Analysis of Cash Flow
Financing Decisions
- Cost of Capital — Weighted average cost of capital and Marginal cost of capital
- Capital Structure decisions — Capital structure patterns, Designing optimum capital structure, Constraints, Various capital structure theories
- Business Risk and Financial Risk — Operating and financial leverage, Trading on
Types of Financing
- Different sources of finance
- Project financing — Intermediate and long term financing
- Negotiating term loans with banks and financial institutions and appraisal thereof
- Introduction to lease financing
- Venture capital
Investment Decisions
- Purpose, Objective, Process
- Understanding different types of projects
- Techniques of Decision making: Non-discounted and Discounted Cash flow Approaches — Payback Period method, Accounting Rate of Return, Net Present Value, Internal Rate of Return, Modified Internal Rate of Return, Discounted Payback Period and Profitability Index
- Ranking of competing projects, Ranking of projects with unequal
Management of Working Capital
- Working capital policies
- Funds flow analysis
- Inventory management
- Receivables management
- Payables management
- Management of cash and marketable securities
- Financing of working capital.
CA IPCC Syllabus:
PAPER – 4: TAXATION
(One paper ─ Three hours – 100 Marks)
Level of Knowledge: Working knowledge
Objectives:
- To gain knowledge of the provisions of Income-tax law relating to the topics mentioned in the contents below and
- To gain ability to solve simple problems concerning assessees with the status of ‘Individual’ covering the areas mentioned in the contents
Contents:
PART – I: INCOME TAX (50 MARKS)
- Important definitions in the Income-tax Act, 1961
- Basis of charge; Rates of taxes applicable for different types of assessees
- Concepts of previous year and assessment year
- Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India
- Incomes which do not form part of total income
- Heads of income and the provisions governing computation of income under different heads
- Income of other persons included in assessee’s total income
- Aggregation of income; Set-off or carry forward and set-off of losses
- Deductions from gross total income
- Computation of total income and tax payable; Rebates and reliefs
- Provisions concerning advance tax and tax deducted at source
- Provisions for filing of return of
CA IPCC Syllabus | PART – II: INDIRECT TAXES (50 MARKS)
(Revised ca ipcc Syllabus – Applicable from November 2014 Examination onwards)
Objective: To develop an understanding of the basic concepts of the different types of indirect taxes and to acquire the ability to analyse the significant provisions of service tax.
1. Introduction to excise duty, customs duty, central sales tax and VAT – Constitutional aspects, Basic concepts relating to levy, taxable event and related provisions
2. Significant provisions of service tax
- Constitutional Aspects
- Basic Concepts and General Principles
- Charge of service tax including negative list of services
- Point of taxation of services
- Exemptions and Abatements
- Valuation of taxable services
- Invoicing for taxable services
- Payment of service tax
- Registration
- Furnishing of returns
- CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004]
Note: If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in the place of the existing legislations with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State VAT Law.
CA IPCC Syllabus | GROUP – II PAPER – 5: ADVANCED ACCOUNTING
(One paper – Three hours – 100 Marks)
Level of Knowledge: Working Knowledge
Objectives:
- To have an understanding of the conceptual framework for the preparation and presentation of financial statements,
- To gain working knowledge of the professional standards and application of accounting principles to different practical situations, and
- To gain the ability to solve advanced problems in the case of different
Contents:
- Framework for Preparation and Presentation of Financial Statements
- Accounting Standards
Working knowledge of:
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 AS | 12 :16 : | Accounting for Government Grants Borrowing Costs |
AS | 19 : | Leases |
AS | 20 : | Earnings Per Share |
AS | 26 : | Intangible Assets |
AS | 29 : | Provisions, Contingent Liabilities and Contingent Assets. |
- Advanced Issues in Partnership Accounts and Issues related to accounting in Limited Liability Partnerships
Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion into a company and Sale to a company.
4. Company Accounts
- Accounting for employee stock option plan, Buy back of securities, Equity shares with differential rights, Underwriting of shares and debentures, Redemption of debentures
- Advanced problems for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation of inter-company holding)
- Accounting involved in liquidation of companies, Statement of Affairs (including deficiency/surplus accounts) and Iiquidator’s statement of account of the winding up
- Financial Reporting of Insurance and Banking and legal and regulatory requirements there of
5. Accounting for Special Transactions
Departmental and branch accounts including foreign branches
Note – If either old Accounting Standards (ASs), Announcements and Limited Revisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs are issued by the Institute of Chartered Accountants of India in place of existing ASs, Announcements and Limited Revisions to ASs, the syllabus will accordingly include/exclude such new developments in place of the existing ones with effect from the date to be notified by the Institute.
CA IPCC Syllabus | PAPER – 6: AUDITING AND ASSURANCE
(One paper – Three hours – 100 Marks)
Level of knowledge: Working Knowledge
Objective:
To understand objective and concept of auditing and gain working knowledge of generally accepted auditing procedures and of techniques and skills needed to apply them in audit and attestation engagements.
Contents:
- Auditing Concepts ─ Nature and limitations of Auditing, Basic Principles governing an audit, Ethical principles and concept of Auditor’s Independence, Relationship of auditing with other
- Standards on Auditing and Guidance Notes ─ Overview, Standard-setting process, Role of International Auditing and Assurance Standards Board, Standards on Auditing issued by the ICAI; Guidance Note(s) on ─ Audit of Fixed Assets, Audit of Inventories, Audit of Investments, Audit of Debtors, Loans and Advances, Audit of Cash and Bank Balances, Audit of Miscellaneous Expenditure, Audit of Liabilities, Audit of Revenue, Audit of Expenses and provision for proposed dividends.
- Auditing engagement ─ Audit planning, Audit programme, Control of quality of audit work ─ Delegation and supervision of audit
- Documentation ─ Audit working papers, Audit files: Permanent and current audit files, Ownership and custody of working
- Audit evidence ─ Audit procedures for obtaining evidence, Sources of evidence, Reliability of audit evidence, Methods of obtaining audit evidence ─ Physical verification, Documentation, Direct confirmation, Re-computation, Analytical review techniques, Representation by management, Obtaining
- Internal Control ─ Elements of internal control, Review and documentation, Evaluation of internal control system, Internal control questionnaire, Internal control check list, Tests of control, Application of concept of materiality and audit risk, Concept of internal
- Internal Control and Computerized Environment, Approaches to Auditing in Computerised
- Auditing Sampling ─ Types of sampling, Test checking, Techniques of test
- Analytical review procedures.
- Audit of payments ─ General considerations, Wages, Capital expenditure, Other payments and expenses, Petty cash payments, Bank payments, Bank
- Audit of receipts ─ General considerations, Cash sales, Receipts from debtors, Other
- Audit of Purchases ─ Vouching cash and credit purchases, Forward purchases, Purchase returns, Allowance received from
- Audit of Sales ─ Vouching of cash and credit sales, Goods on consignment, Sale on approval basis, Sale under hire-purchase agreement, Returnable containers, Various types of allowances given to customers, Sale
- Audit of suppliers’ ledger and the debtors’ ledger ─ Self-balancing and the sectional balancing system, Total or control accounts, Confirmatory statements from credit customers and suppliers, Provision for bad and doubtful debts, Writing off of bad
- Audit of impersonal ledger ─ Capital expenditure, deferred revenue expenditure and revenue expenditure, Outstanding expenses and income, Repairs and renewals, Distinction between reserves and provisions, Implications of change in the basis of
- Audit of assets and liabilities.
- Company Audit ─ Audit of Shares, Eligibility, Qualifications and Disqualifications of Auditors, Appointment of auditors, Removal of auditors, Remuneration of Auditors, Powers and duties of auditors, Branch audit , Joint audit , Reporting requirements under the Companies Act,2013, Other Important Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made there under.
- Audit Report ─ Qualifications, Disclaimers, Adverse opinion, Disclosures, Reports and certificates.
- Special points in audit of different types of undertakings, i.e., Educational institutions, Hotels, Clubs, Hospitals, Hire-purchase and leasing companies (excluding banks, electricity companies, cooperative societies, and insurance companies).
- Features and basic principles of government audit, Local bodies and not-for-profit organizations, Comptroller and Auditor General and its constitutional
Note:
- The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are
- If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the
CA IPCC Syllabus | PAPER – 7: INFORMATION TECHNOLOGY AND STRATEGIC MANAGEMENT
(One paper – Three hours – 100 Marks)
CA IPCC Syllabus| SECTION A: INFORMATION TECHNOLOGY (50 MARKS)
Level of Knowledge: Working Knowledge
Objective: “To develop understanding of Information Technology as a key enabler and facilitator of implementing Information Systems in enterprises and their impact on business processes and controls”.
Contents
- Business Process Management & IT: Introduction to various Business processes – Accounting, Finances, Sale, Purchase Business Process Automation – Benefits & Risks, Approach to mapping systems: Entity Diagrams, Data Flow Diagrams, Systems Flow diagrams, Decision Trees/tables, Accounting systems vs. Value chain automation. Information as a business asset, Impact of IT on business processes. Business Risks of failure of IT, Business Process Re-engineering
- Information Systems and IT Fundamentals: Understand importance of IT in business and relevance to Audit with case studies. Understand working of computers and networks in business process automation from business information Concepts of Computing (Definition provided by ACM/IEEE and overview of related terminologies). Overview of IS Layers – Applications, DBMS, systems software, hardware, networks & links and people. Overview of Information Systems life cycle and key phases. Computing Technologies & Hardware – Servers, end points, popular computing architectures, emerging computing architectures & delivery models – example: SaaS, Cloud Computing, Mobile computing, etc., Example: Overview of latest devices/technologies – i5, Bluetooth, Tablet, Wi-Fi, Android, Touchpad, iPad, iPod, Laptop, Notebook, Smartphone, Ultra- Mobile PC etc.
- Telecommunication and Networks: Fundamentals of telecommunication, Components and functions of Telecommunication Data networks – types of architecture, LAN, WAN, Wireless, private and public networks etc., Overview of computing architectures – centralized, de-centralized, mainframe, client-server, thin-thick client etc. Network Fundamentals – Components, Standards and protocols, Network risks & controls – VPN, Encryption, Secure protocols. Network administration and management – concepts and issues. How information systems are facilitated through telecommunications. How Internet works, Internet architecture, key concepts, risks and controls, e-Commerce and M-commerce technologies
- Business Information Systems : Information Systems and their role in businesses, IT as a business enabler & driver – ERP, Core Banking System, CRM, SCM, HRMS, Payment The relationship between organizations, information systems and business processes, Accounting Information Systems and linkages to Operational systems, Business Reporting, MIS & IT. Organization Roles & responsibilities and table or authorities, importance of access controls, privilege controls. Specialized systems – MIS, DSS, Business Intelligence, Expert Systems, Artificial Intelligence, Knowledge Management systems etc.
- Business Process Automation through Application software: Business Applications
– overview and types, Business Process Automation, relevant controls and information systems. Information Processing & Delivery channels and their role in Information Systems. Key types of Application Controls and their need. Emerging concepts – Virtualization, Grid Computing, Cloud delivery model.
PAPER – 7B : STRATEGIC MANAGEMENT (50 MARKS)
Level of Knowledge: Working knowledge
Objectives:
- To develop an understanding of the general and competitive business environment,
- To develop an understanding of strategic management concepts and techniques,
Contents
1. Business Environment
General Environment ─ Demographic, Socio-cultural, Macro-economic, Legal/political, Technological, and Global; Competitive Environment.
2. Business Policy and Strategic Management
Meaning and nature; Strategic management imperative; Vision, Mission and Objectives; Strategic levels in organizations.
3. Strategic Analysis
Situational Analysis – SWOT Analysis, TOWS Matrix, Portfolio Analysis ─ BCG Matrix.
4. Strategic Planning
Meaning, stages, alternatives, strategy formulation.
5. Formulation of Functional Strategy
Marketing strategy, Financial strategy, Production strategy, Logistics strategy, Human resource strategy.
6. Strategy Implementation and Control
Organizational structures; Establishing strategic business units; Establishing profit centers by business, product or service, market segment or customer; Leadership and behavioural challenges.
7. Reaching Strategic Edge
Business Process Reengineering, Benchmarking, Total Quality Management, Six Sigma, Contemporary Strategic Issues.
Note: The examination committee in its meeting held on 28th, 29th, 30th and 31st August, 2011 decided that the case studies should not form part of question paper. So, the objective ‘(c) To be able to solve simple cases’ forming part of the syllabus has been excluded.
CA IPCC Amendments
It contains the applicability of amendments for nov 2018 IPCC – Exams.
Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2018 – (IPC) Examination
CA IPCC Syllabus:
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 |
CA IPCC Syllabus:
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.
- 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
- 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.
- 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.
CA IPCC Syllabus:
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 |
CA IPCC Syllabus:
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.
CA IPCC Syllabus:
Paper 6: Auditing and Assurance
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:
- Guidance Note on Audit of Inventories.
- Guidance Note on Audit of Debtors, Loans and Advances
- Guidance Note on Audit of Investments.
- Guidance Note on Audit of Cash and Bank Balances.
- Guidance Note on Audit of Liabilities.
- Guidance Note on Audit of Revenue.
- Guidance Note on Audit of Expenses.
- 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.
Frequently asked questions for CA IPCC Syllabus and subjects
Q 1.Give information about CA IPCC detailed syllabus?
CA IPCC Syllabus :
- Accounting
- Cost Accounting and Financial Management
- Ethics
- Taxation
- Advanced Accounting
- Auditing and Assurance
- Information Technology and Strategic Management
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