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CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 1 OF 28
PAPER1 - ACCOUNTING
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
1 Introduction To
Accounting Standards
Introduction IPCC
Accounts – 1
ACCOUNTING STANADARDS BOOK
ACCOUNTING STANADARDS BOOK
Standards Setting Process IPCC
Benefits of Accounting Standards IPCC
How Many Accounting Standards? IPCC
Status of Accounting Standards IPCC
Need for Convergence Towards Global Standards
IPCC
International Accounting Standard Board IPCC
International Financial Reporting Standards as Global Standards
IPCC
Benefits of Convergence with IFRS IPCC
Convergence to IFRS in India IPCC
What are Indian Accounting Standards (IND AS)?
IPCC
Significance of IND AS (IFRS Converged Standards)
IPCC
History of IFRS - Converged Indian Accounting Standards (IND AS)
IPCC
What are Carve OUTS/INS in IND AS? IPCC
List of IND AS IPCC
Roadmap for Implementation of Indian Accounting Standards
IPCC
2
Framework for preparation
and presentation of
Financial statements
Introduction; IPCC
Accounts – 1
ACCOUNTING STANADARDS BOOK
ACCOUNTING STANADARDS BOOK
Purpose of the Framework; IPCC
Status and Scope of the Framework; IPCC
Components of Financial Statements; IPCC
Objectives and Users of Financial Statements;
IPCC
Fundamental Accounting Assumptions; IPCC
Qualitative Characteristics; IPCC
True and Fair View ; IPCC
Elements of Financial Statements; IPCC
Measurement of Elements of Financial Statements;
IPCC
Capital Maintenance. IPCC
CHAPTER 3: OVERVIEW OF ACCOUNTING STANDARDS
3
UNIT-1: Applicability of
Accounting Standards
Status of Accounting Standards IPCC
Accounts – 1
Accounting Standards Accounting Standards
(ACCOUNTING STANADARDS BOOK)
Applicability of Accounting Standards IPCC
UNIT-2 : Overview of Accounting Standards
AS 1: Disclosure of Accounting Policies IPCC
AS 2: Valuation of Inventories IPCC
AS 3: Cash Flow Statements IPCC
AS 4: Contingencies and Events occurring after the Balance Sheet Date
IPCC
Accounts – 2 AS 5: Net Profit or Loss for the Period,
Prior Period Items and Changes in Accounting Policies
IPCC
AS 10: Property, Plant and Equipment IPCC Accounts
– 1
AS 11: The Effects of Changes in Foreign Exchange Rates
IPCC Accounts
– 2
AS 12: Accounting for Government Grants IPCC Accounts – 1 AS 13: Accounting for Investments IPCC
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 2 OF 28
AS 16: Borrowing Costs IPCC Accounts
– 2
AS 17: Segment Reporting (NEW) FINAL F.R.
AS 22: Accounting for Taxes on Income (NEW)
FINAL F.R.
CHAPTER 4: FINANCIAL STATEMENTS OF COMPANIES
4
Unit-1 : Preparation of
Financial Statements
Meaning of Company IPCC
Accounts – 1
Company Final Accounts
Preparation of Financial Statements
Maintenance of Books of Account IPCC
Statutory Books IPCC
Annual Return IPCC
Final Accounts IPCC
Managerial Remuneration IPCC
Divisible Profit IPCC
Accounting for Taxes IPCC
Unit-2 : Cash Flow Statement
Introduction IPCC
Accounts – 1
Cash Flow Statement Cash Flow Statement
Elements of Cash IPCC
Classification of Cash Flow Activities IPCC
Calculation of Cash Flows from Operating Activities
IPCC
Calculation of Cash Flows from Investing Activities
IPCC
Calculation of Cash Flows from Financing Activities
IPCC
5 Profit or Loss Pre and Post Incorporation
Introduction IPCC
Accounts – 1
Profit or loss prior to incorporation
Profit or Loss Pre and Post Incorporation
Computing Profit or Loss Prior to Incorporation
IPCC
Basis of Apportionment IPCC
Pre-Incorporation Profits & Losses IPCC
6
Accounting for Bonus Issue
and Right Issue
Issue of Bonus Shares IPCC Accounts
– 1 Accounting for Bonus
Shares Accounting for Bonus Issue and Right Issue
Right Issue (NEW) - - Newly Added
7 Redemption of
Preference Shares (NEW)
Introduction CPT Accounts
Company Accounts Redemption of
Preference Shares
Purpose of Issuing Redeemable Preference Shares
CPT Accounts
Provisions of The Companies Act (Section 55)
CPT Accounts
Methods of Redemption of Fully Paid-Up Shares
CPT Accounts
Redemption of Partly Called-Up Preference Shares
CPT Accounts
Redemption of Fully Called But Partly Paid-Up Preference Shares
CPT Accounts
8 Redemption of
Debentures
Introduction IPCC
Accounts – 1
Issue & Redemption of Debentures
Redemption of Debentures
Redemption of Debentures IPCC
Debenture Redemption Reserve IPCC
Methods of Redemption of Debentures IPCC
9 Investment Accounts
Introduction IPCC
Accounts – 1
Investment Accounts Investment Accounts
Classification of Investments IPCC
Cost of Investments IPCC
Disposal of Investments IPCC
Reclassification of Investment IPCC
10
Insurance Claims for loss
of stock and loss
of profit
Introduction IPCC
Accounts – 1
Insurance Claims
Insurance claims for loss of stock and loss of profit
Meaning of Fire IPCC
Claim for Loss of Stock IPCC
Claim for Loss of Profit IPCC
11
Hire Purchase and Installment
sale Transactions
Introduction IPCC
Accounts – 1
Hire Purchase & Installment
Sale Transactions
Hire Purchase and Installment sale
Transactions
Nature of Hire Purchase Agreement IPCC
Special Features of Hire Purchase Agreement
IPCC
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 3 OF 28
Terms Used in Hire Purchase Agreements IPCC
Ascertainment of Total Cash Price IPCC
Ascertainment of Interest IPCC
Accounting for Hire Purchase Transaction IPCC
Repossession IPCC
Instalment Payment System IPCC
Difference of Hire Purchase Agreement and Instalment Payment Agreement
IPCC
12 Departmental
Accounts
Introduction IPCC
Accounts – 1
Departmental Accounts Departmental Accounts
Advantages of Departmental Accounting IPCC
Methods of Departmental Accounting IPCC
Basis of Allocation of Common Expenditure among Different Departments
IPCC
Types of Departments IPCC
Inter-Departmental Transfers IPCC
Memorandum Stock and Memorandum Mark Up Account Method
IPCC
13
Accounting for Branches including Foreign
Branches
Introduction IPCC
Accounts – 1
Branch Accounts Accounting for Branches
including foreign branches
Distinction Between Branch Accounts and Departmental Accounts
IPCC
Dependent Branches IPCC
Methods of Charging Goods to Branches IPCC
Accounting for Dependent Branches IPCC
Accounting for Independent Branches IPCC
Adjustment and Reconciliation of Branch& Head Office Accounts
IPCC
Incorporation of Branch Balance in Head Office Books
IPCC
Incomplete Information in Branch Books IPCC
Foreign Branches IPCC
Accounting for Foreign Branches IPCC
Change in Classification IPCC
Techniques for Foreign Currency Translation
IPCC
14 Accounts from
Incomplete Records
Introduction, Types IPCC
Accounts – 1
Accounts from Incomplete Records
Accounts from Incomplete records
Ascertainment of Profit by Capital Comparison
IPCC
Techniques of Obtaining Complete Accounting Information
IPCC
CHAPTER 15 : Partnership Accounts
15
UNIT-1 : Dissolution of Partnership
Firms
Introduction IPCC
Accounts – 2
Partnership Accounts Partnership Accounts
Circumstances Leading to Dissolution of Partnership
IPCC
Consequences of Dissolution IPCC
Closing of Partnership Books on Dissolution
IPCC
Consequences of Insolvency of a Partner IPCC
Loss Arising from Insolvency of a Partner IPCC
Piecemeal Payments IPCC
Issues Related to Accounting in LLP IPCC
UNIT-2 :Amalgamation
, Conversion and Sale of Partnership
Firms
Amalgamation of Partnership firms IPCC
Conversion of Partnership Firm into a Company
IPCC
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Average Due date, Account current, Self-Balancing Ledger, Financial Statements of Non-Profit Organisation, Accounting in Computerised Environment, Parternership-1: Admission of partner, Retirement of partner, Death of partner.
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 4 OF 28
PAPER 2 - CORPORATE AND OTHER LAWS
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
PART I – COMPANY LAW
1 Preliminary
Introduction IPCC CLAW
Company Basic Concepts Company Basic Concepts Short Title Extent, Commencement and Application
IPCC CLAW
Definitions IPCC CLAW
2
Incorporation of Company and Matters Incidental
thereto
Introduction IPCC CLAW Incorporation and Promotion of a Company
Incorporation and Promotion of a Company Formation of Company IPCC CLAW
Memorandum of Association –MOA IPCC CLAW Memorandum & Articles
of Association Memorandum & Articles
of Association Articles of Association-AOA IPCC CLAW
Act to Override Memorandum, Articles, Etc IPCC CLAW
Incorporation of company IPCC CLAW Incorporation and
Promotion of a Compan Incorporation and
Promotion of a Compan
Effect of Memorandum and Articles IPCC CLAW
Memorandum & Articles of Association
Memorandum & Articles of Association
Registered office of Company IPCC CLAW
Alteration of Memorandum IPCC CLAW
Rectification of Name of Company IPCC CLAW
Alteration of Articles IPCC CLAW
Copies of Memorandum, Articles, etc. to be given to Members
IPCC CLAW
Conversion of Companies already Registered
IPCC CLAW
Subsidiary company not to hold shares in its holding company
IPCC CLAW Membership Membership
Service of Documents IPCC CLAW
Miscellaneous matters in Company Law
Memorandum & Articles of Association
Authentication of documents, proceedings and contracts
IPCC CLAW Miscellaneous matters in Company Law
Execution of Bills of exchange, etc IPCC CLAW
3 Prospectus
and Allotment of Securities
Introduction IPCC CLAW
Prospectus
Prospectus and Allotment of Securities
Public offer and private placement IPCC CLAW
Power of Securities and Exchange Board to regulate issue and transfer of Securi- ties, etc
IPCC CLAW
Prospectus IPCC CLAW
Securities to be dealt with in stock exchanges
IPCC CLAW
Advertisement of prospectus IPCC CLAW
Issue of application forms for Securities IPCC CLAW
Allotment of securities by company IPCC CLAW Allotment of shares and
underwriting
Mis-Statements in prospectus IPCC CLAW
Prospectus
Punishment for fraudulently Inducing persons to invest money
IPCC CLAW
Action by affected persons IPCC CLAW
Punishment for personation for acquisition, etc., of securities
IPCC CLAW
Punishment for fraud IPCC CLAW
Global Depository Receipt (GDR) IPCC CLAW
Private placement-offer or invitation for subscription of securities on privateplacement
IPCC CLAW
4 Share Capital
and Debentures
Introduction IPCC CLAW
Share Capital and Debentures,
Share Capital and Debentures
Share capital–Types IPCC CLAW
Basic Requirements IPCC CLAW
Rights and variation of rights IPCC CLAW
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 5 OF 28
Calls and incidental matters IPCC CLAW Calls & Forfeiture / Surrender of Shares Issue of shares at premium or discount IPCC CLAW
Transfer and trasmission of securities and the allied provisions
IPCC CLAW Transfer & Transmission
of Shares
Publication of Authorised, Subscribed and Paid up Capital
IPCC CLAW Share Capital and Debentures
Alteration in share capital IPCC CLAW
Power to nominate IPCC CLAW Transfer & Transmission
of Shares
5
Acceptance of Deposits by Companies
Introduction IPCC CLAW
Deposits
Acceptance of Deposits by Companies
Meaning of deposit, depositor and eligible company
IPCC CLAW
Prohibition of acceptance of deposits from Public
IPCC CLAW
Repayment of deposits, etc, accepted before commencement of this Act
IPCC CLAW
Demages for fraud IPCC CLAW
Acceptance of deposits from public by certain companies
IPCC CLAW
Punishment for contravention of Sec.73/Sec.76
IPCC CLAW
6 Registration of
Charges
Introduction IPCC CLAW
Charges Registration of Charges
Duty to Register Charges, etc IPCC CLAW
Application for Registration of charge IPCC CLAW
Section 77 to apply in certain matters IPCC CLAW
Date of notice of charge IPCC CLAW
Register of charges to be kept by registrar IPCC CLAW
Company‟s register of charges IPCC CLAW
Company to report satisfaction of charge IPCC CLAW
Power of registrar to make entries of satisfaction and release in absence of intimation from company
IPCC CLAW
Intimation of appointment of receiver or manager
IPCC CLAW
Punishment for contravention IPCC CLAW
Rectification by Central Government in register of charges
IPCC CLAW
7 Management & Administration
Introduction IPCC CLAW General Meeting I, II Management & Administration
(General Meetings)
Registers IPCC CLAW Miscellaneous matters in Company Law
Miscellaneous matters in Company Law Annual Return IPCC CLAW
Pre-requisites of a meeting IPCC CLAW
General Meeting I, II Management & Administration
(General Meetings)
Proxies IPCC CLAW
Voting IPCC CLAW
Circulation of Member‟s Resolutions IPCC CLAW
Representation of the President & Governors in meeting of Companies to which they are member
IPCC CLAW
Representation of Corporations Meeting of Companies and Creditors
IPCC CLAW
Resolutions IPCC CLAW
Minutes IPCC CLAW
Inspection of minutes-Books of general meeting
IPCC CLAW
Meetings IPCC CLAW
Applicability of this chapter to one person company
IPCC CLAW
8
Declaration and Payment of Dividend
(NEW)
Meaning of dividend FINAL LAW
- Declaration and payment
of Dividend
Types of dividend FINAL LAW
Declaration of dividend FINAL LAW
Unpaid dividend account FINAL LAW
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 6 OF 28
Investor Education and Protection Fund FINAL LAW
Right of dividend, Rights shares and Bonus shares to be held in abeyance pend- ing registration of transfer of shares
FINAL LAW
Punishment for failure to distribute dividends
FINAL LAW
9
Accounts of Companies
(NEW) (Note: 1)
Introduction IPCC Auditing
Company Audit -2
Accounts of Companies
Books of Account etc, to be kept by company
IPCC Auditing
Financial Statement IPCC Auditing
Re-Opening of accounts on court‟s or Tribunal orders
IPCC Auditing
Voluntary revision of Financial Statements or Board‟s Report
IPCC Auditing
Constitution of National Financial Reporting Authority
IPCC Auditing
Central Government to prescribe Accounting Standards
IPCC Auditing
Financial Statement, Board‟s Report etc IPCC Auditing
Corporate Social Responsibility FINAL LAW
- Right to members to copies of Audited Financial Statement
FINAL LAW
Copy of Financial Statement to be filed with Registrar
FINAL LAW
Internal Audit IPCC Auditing Internal controls
10 Audit and
Auditors (NEW) (Note:2)
Introduction IPCC Auditing
Company Audit -1 Audit and Auditors
Appointment of Auditors IPCC Auditing
Removal, Resignation of auditor and giving of special notice
IPCC Auditing
Eligibility, qualifications and disqualifications of auditors
IPCC Auditing
Remuneration of auditors IPCC Auditing
Powers and duties of auditors and Auditing Standards
IPCC Auditing
Auditor not to render certain services IPCC Auditing
Auditors to sign audit reports, etc IPCC Auditing
Auditors to attend general meeting IPCC Auditing
Punishment for contravention IPCC Auditing
Central Government to specify audit of items of cost in respect of certain companies
IPCC Auditing
Part II : Other Laws
1 The Indian
Contract Act, 1872
Contract of Indemnity and Guarantee IPCC BLAW Indemnity and Guarantee Contract of Indemnity and
Guarantee
Bailment and Pledge IPCC BLAW Bailment and Pledge Bailment and Pledge
Agency IPCC BLAW Contract of Agency Contract of Agency
2 The Negotiable
Instruments Act, 1881
Introduction IPCC BLAW
The Negotiable Instruments Act, 1881
The Negotiable Instruments Act, 1881
Meaning of Negotiable Instruments IPCC BLAW
Negotiable Instruments and other related concepts
IPCC BLAW
Parties to Notes, Bills and Cheques IPCC BLAW
Negotiation IPCC BLAW
Presentment IPCC BLAW
Payment and Interest IPCC BLAW
Discharge from liability on Notes, Bills and Cheques
IPCC BLAW
Notice of Dishonour IPCC BLAW
Noting and Protest IPCC BLAW
Special rules of evidence IPCC BLAW
Penalties in case of dishonour of certain cheques for insufficiency of funds in the accounts
IPCC BLAW
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 7 OF 28
3 The General Clauses Act, 1897 (NEW)
Introduction - - Newly Added
The General Clauses Act, 1897
Object, purpose and importance of the General Clauses Act
- - Newly Added
Application of the General Clauses - - Newly Added
Some Basic understandings of legislation - - Newly Added
Preliminary - - Newly Added
Definitions - - Newly Added
General rules of construction - - Newly Added
Power and functionaries - - Newly Added
Provision as to orders, Rules etc. made under enactments
- - Newly Added
Miscellaneous - - Newly Added
4
Interpretation of Statutes, Deeds and Documents
(NEW)
Introduction FINAL
ALLIED LAWS
Interpretation of Statutes, Deeds and Documents
Interpretation of Statutes, Deeds and Documents
Why do we need interpretation/construction?
FINAL
Rules of interpretation/construction FINAL
Internal aids to interpretation/construction FINAL
External aids to interpretation/construction FINAL
Rules of interpretations/construction of deeds and documents
FINAL
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Payment of Bonus Act 1965, E.P.F & M.P Act, Payment of Gratuity Act 1972, Business Ethics and Communication, Company Law in a computerized Environment: E-filing.
Note 1: Few concepts in Accounts of Companies are covered in old IPCC Auditing (Company Audit -2). These concepts are not covered in New IPCC (CA Inter) Auditing.
Note 2: Audit and Auditors chapter is covered in CA Inter Auditing - Company Audit 1.
PAPER 3- COST & MANAGEMENT ACCOUNTING
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN
THAT COURSE
1
Introduction to Cost and
Management Accounting
Introduction IPCC Costing
Introduction to Cost Accounting
Introduction to Cost and Management Accounting
Objectives of Cost Accounting IPCC Costing
Scope of Cost Accounting IPCC Costing
Relationship of Cost and Management Accounting with other related disciplines
IPCC Costing
Role & Functions of Cost and Management Accounting (NEW)
- -
Newly added Users of Cost and Management Accounting (NEW)
- -
Essentials of a Good Cost Accounting System
IPCC Costing Introduction to Cost Accounting
Installation of Costing System IPCC Costing
Cost Accounting with the use of Information Technology (IT) (NEW)
- - Newly added
Cost Objects IPCC Costing
Introduction to Cost Accounting
Responsibility Centres IPCC Costing
Limitations of Cost Accounting IPCC Costing
Classification of Costs IPCC Costing
Methods of Costing IPCC Costing
Techniques of Costing IPCC Costing
2 Material Cost
Introduction IPCC Costing Material Cost
Material Cost
Material control IPCC Costing Material Cost
Materials Procurement Procedure IPCC Costing Material Cost
Valuation of Material Receipts IPCC Costing Material Cost
Material Storage & Records IPCC Costing Material Cost
Inventory Control IPCC Costing Material Cost
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 8 OF 28
Material Issue Procedure IPCC Costing Material Cost
Valuation of Material Issues IPCC Costing Material Cost
Valuation of Returns & Shortages IPCC Costing Material Cost
Treatment of normal and abnormal loss of materials
IPCC Costing Material Cost
Consumption of Materials IPCC Costing Material Cost
3 Employee
Cost
Introduction IPCC Costing
Labour Employee Cost
(Labour)
Employee (Labour) Cost IPCC Costing
Employee (Labour) Cost Control IPCC Costing
Attendance & Payroll Procedures IPCC Costing
Idle Time IPCC Costing
Overtime IPCC Costing
Labour Utilisation IPCC Costing
Systems of Wage Payment and Incentives IPCC Costing
Absorption of Wages IPCC Costing
Efficiency Rating Procedures IPCC Costing
Employee (Labour) Turnover IPCC Costing
Direct Expenses IPCC Costing
4
Overheads: Absorption
Costing Method
Introduction IPCC Costing Overheads
Overheads - Absorption Costing Method
Classification of Overheads IPCC Costing Overheads
Accounting and Control of Manufacturing Overheads
IPCC Costing Overheads
Steps for the Distribution of Overheads IPCC Costing Overheads
Methods of Absorbing Overheads to Various Products or Jobs
IPCC Costing Overheads
Types of Overhead Rates IPCC Costing Overheads
Treatment of Under-Absorbed and Over-Absorbed Overheads in Cost Accounting
IPCC Costing Overheads
Accounting and Control of Administrative Overheads
IPCC Costing Overheads
Accounting and Control of Selling and Distribution Overheads
IPCC Costing Overheads
Concepts Related to Capacity IPCC Costing Overheads
Treatment of Certain Items in Costing IPCC Costing Overheads
5 Activity Based Costing (NEW)
Introduction to Activity Based Costing FINAL AMA
- Activity Based Costing
Meaning and Definition FINAL AMA
Meaning of Terms used in ABC FINAL AMA
Cost Allocation under ABC FINAL AMA
Traditional Absorption Costing vs ABC FINAL AMA
Level of Activities under ABC Methodology/ Cost Hierarchy
FINAL AMA
Stages in Activity Based Costing (ABC) FINAL AMA
Advantages of Activity Based Costing FINAL AMA
Limitations of Activity Based Costing FINAL AMA
Requirements in ABC Implementation FINAL AMA
Practical Applications of Activity Based Costing
FINAL AMA
6 Cost Sheet
Introduction IPCC Costing Cost Sheet
Cost Sheet
Functional Classification of Elements of Cost
IPCC Costing Cost Sheet
Cost Heads in a Cost Sheet IPCC Costing Cost Sheet
Cost Sheet/ Statement IPCC Costing Cost Sheet
7 Cost
Accounting System
Introduction IPCC Costing Cost Book-keeping
Cost Accounting System (Cost Book-keeping)
Non-Integrated Accounting System IPCC Costing Cost Book-keeping
Integrated (Integral) Accounting System IPCC Costing Cost Book-keeping
Reconciliation of Cost and Financial Accounts
IPCC Costing Cost Book-keeping
Accounting for Management Information and Cost Control.
IPCC Costing Cost Book-keeping
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 9 OF 28
8 Unit &Batch
Costing
Introduction FINAL AMA
-
Unit &Batch Costing
Unit Costing (NEW) FINAL AMA
Cost Collection Procedure in Unit Costing (NEW)
FINAL AMA
Batch Costing IPCC Costing Batch Costing
Costing Procedure in Batch Costing IPCC Costing Batch Costing
Economic Batch Quantity (EBQ) IPCC Costing Batch Costing
Difference between Job and Batch Costing IPCC Costing Batch Costing
9
Job and Contract Costing Method
Job Costing IPCC Costing Job Costing
Job Costing and Contract Costing
Job Cost Card/ Sheet IPCC Costing Job Costing
Collection of costs for a Job IPCC Costing Job Costing
Accounting of Costs for a Job IPCC Costing Job Costing
Contract Costing IPCC Costing Contract Costing
Recording of Contract Costs IPCC Costing Contract Costing
Meaning of Terms used in Contract Costing IPCC Costing Contract Costing
Cost Plus Contract IPCC Costing Contract Costing
10 Process & Operation Costing
Meaning of Process Costing IPCC Costing
Process Costing Process & Operation
Costing
Costing Procedure in Process Costing IPCC Costing
Treatment of Normal and Abnormal Loss and Abnormal Gain
IPCC Costing
Valuation of Work- in- Process IPCC Costing
Steps in Process Costing IPCC Costing
Process Costing Methods IPCC Costing
Inter- Process Profits IPCC Costing
Operation Costing IPCC Costing
11 Joint Products & By Products
Meaning of Joint and By Products IPCC Costing
Joint and By Products
Joint Products & By Products
Apportionment of Joint Costs IPCC Costing
Methods of Apportionment of Joint Cost to Joint Products
IPCC Costing
Methods of Apportionment of Joint Costs to By Products
IPCC Costing
Treatment of By Products Cost in Cost Accounting
IPCC Costing
12 Service Costing
Introduction IPCC Costing
Operating Costing System
Service Costing (Operating Costing)
Service Cost Unit IPCC Costing
Statement of Cost for Service Sectors IPCC Costing
Costing of Transport Services IPCC Costing
Costing for Hotels and Lodges IPCC Costing
Costing for Hospitals IPCC Costing
Costing for IT & ITES (NEW) - - Newly added
Costing for Toll Roads (NEW) - - Newly added
Costing for Educational Institutions IPCC Costing Operating Costing
Costing for Insurance Companies (NEW) - - Newly added
Costing for Financial Institutions (NEW) - - Newly added
Other Services-costing for Power Houses (NEW)
- Newly added
13 Standard Costing
Introduction, Types of Standards IPCC Costing Standard Costing
Standard Costing
The Process of Standard Costing IPCC Costing Standard Costing
Setting-up of Standard Cost IPCC Costing Standard Costing
Types of Variances IPCC Costing Standard Costing
Classification of Variances IPCC Costing Standard Costing
Computation of Variances IPCC Costing Standard Costing
Advantages and Criticism of Standard Costing
IPCC Costing Standard Costing
14
Marginal Costing
Introduction IPCC Costing Marginal Costing
Marginal Costing
Characteristics of Marginal Costing IPCC Costing Marginal Costing
Facts about Marginal Costing Costing Marginal Costing
Determination of Cost and Profit under Marginal Costing
IPCC Costing Marginal Costing
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 10 OF 28
Distinction Between Marginal and Absorption Costing
IPCC Costing Marginal Costing
Advantages and Limitations of Marginal Costing
IPCC Costing Marginal Costing
Cost-Volume-Profit (CVP) Analysis IPCC Costing Marginal Costing
Methods of Break-Even Analysis IPCC Costing Marginal Costing
Limitations of Break-Even Analysis IPCC Costing Marginal Costing
Margin of Safety IPCC Costing Marginal Costing
Variations of Basic Marginal Cost Equation and Other Formulae
IPCC Costing Marginal Costing
Angle of Incidence IPCC Costing Marginal Costing
Application of CVP Analysis in Decision Making
IPCC Costing Marginal Costing
15 Budget and Budgetary
Control
Introduction, Essentials of Budget IPCC Costing
Budget and Budgetary Control
Budget and Budgetary Control
Characteristics of Budget IPCC Costing
Objectives in Budgeting IPCC Costing
Meaning of Budgetary Control IPCC Costing
Preparation of Budget IPCC Costing
Types of Budget IPCC Costing
Zero- Based Budgeting (ZBB) IPCC Costing
Performance Budgeting (PB) IPCC Costing
Budget Ratios IPCC Costing
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Introduction to Cost Accounting -Coding systems.
PAPER 4 - TAXATION
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
SECTION A: INCOME TAX LAW (60 MARKS)
1 Basic
Concepts
An introduction IPCC Taxation
Introduction to income tax Introduction to income
tax
Important definitions in the Income-tax Act, 1961
IPCC Taxation
Concept of previous year and assessment year
IPCC Taxation
Charge of Income-tax IPCC Taxation
2
Residential status and
scope of total income
Residential status IPCC Taxation
Residential status I & II Residential status and scope of total income Scope of total income IPCC Taxation
3
Incomes which do not form part of total
income
Introduction IPCC Taxation
Exempted Incomes Exempted Incomes
Incomes not included in total income IPCC Taxation
Tax holiday for newly established units in Special Economic Zones
IPCC Taxation
Restrictions on allowability of expenditure [14A]
IPCC Taxation
CHAPTER – 4: HEADS OF INCOME
4
UNIT 1 : Salaries
Introduction IPCC Taxation
Income from Salaries Income from Salaries
Basis of Charge [Section 15] IPCC Taxation
Salary, Perquisite and Profits in lieu of Salary [Section 17]
IPCC Taxation
Deductions from Salary [Section 16] IPCC Taxation
Relief under Section 89 IPCC Taxation
Salary from United Nations Organisation IPCC Taxation
UNIT 2 : Income from
House
Chargeability [Section 22] IPCC Taxation Income from House
Property Income from House
Property Conditions for Chargeability IPCC Taxation
Composite Rent IPCC Taxation
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 11 OF 28
Property Income from house property situated outside India
IPCC Taxation
Determination of Annual Value [Section 23] IPCC Taxation
Deductions from Annual Value [Section 24] IPCC Taxation
Computation of “Income from house property” for different categories of property
IPCC Taxation
Inadmissible Deductions [Section 25] IPCC Taxation
Provision for Arrears of Rent and Unrealized Rent received subsequently [Section 25A]
IPCC Taxation
Treatment of income from Co-owned Property [Section 26]
IPCC Taxation
Deemed Ownership [Section 27] IPCC Taxation
UNIT 3:Profits And Gains of Business or Profession
Meaning of „Business‟ and „Profession IPCC Taxation
PGBP PGBP
Method of Accounting IPCC Taxation
Income chargeable under this Head [S 28] IPCC Taxation
Speculation Business IPCC Taxation
Computation of Income from Business [Sec: 29]
IPCC Taxation
Admissible Deductions [Sections 30 to 37] IPCC Taxation
Inadmissible Deductions [Section 40] IPCC Taxation
Expenses or Payments Not Deductible in certain circumstances [Section 40A]
IPCC Taxation
Profits chargeable to tax [Section 41] IPCC Taxation
Changes in the Rate of Exchange of Currency [Section 43A]
IPCC Taxation
Certain Deductions to be made only on Actual Payment [Section 43B]
IPCC Taxation
Stamp Duty Value of Land and Building held as stock-in-trade to be taken as the full value of consideration in respect of transfer [Section 43CA]
IPCC Taxation
Compulsory Maintenance of Accounts [Sec. 44AA]
IPCC Taxation
Audit of Accounts of certain persons carrying on business or profession [Section 44AB]
IPCC Taxation
Special provisions for computing profits and gains of business on Presumptive Basis [Section 44AD]
IPCC Taxation
Presumptive Taxation Scheme for assessees engaged in Eligible Profession [Sec 44ADA]
IPCC Taxation
Special provisions for computing profits and gains of business of Plying,Hiring or Leasing Goods Carriages [Section 44AE]
IPCC Taxation
Computation of business income in cases where income ispartly agricultural and partly business in nature
IPCC Taxation
UNIT 4: Capital Gains
Introduction IPCC Taxation
Capital Gains Capital Gains
Capital Asset IPCC Taxation
Short Term and Long Term Capital Assets IPCC Taxation
Transfer: What it Means? [Section 2(47)] IPCC Taxation
Scope and year of Chargeability [Section 45]
IPCC Taxation
Capital Gains on distribution of assets by companies in liquidation [Section 46]
IPCC Taxation
Capital Gains on Buyback, etc. of shares [Sec 46A]
IPCC Taxation
Transactions not regarded as transfer [Section 47]
IPCC Taxation
Important Definitions IPCC Taxation
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
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Mode of computation of Capital Gains [Section 48]
IPCC Taxation
Ascertainment of cost in specified circumstances [Section 49]
IPCC Taxation
Cost of Acquisition [Section 55] IPCC Taxation
Cost of Improvement [Section 55] IPCC Taxation
Computation of Capital Gains in case of Depreciable Assets [Sections 50 & 50A]
IPCC Taxation
Computation of Capital Gains on Slump Sale [Section 50B]
IPCC Taxation
Special provision for Full Value of Consideration in certain cases [Section 50C]
IPCC Taxation
Special provision for Full Value of Consideration for transfer of Unlisted Shares [Section 50CA]
IPCC Taxation
Fair Market Value of Capital Asset on the date of transfer to be taken as sale consideration, in cases where the consideration is not determinable [Sec 50D]
IPCC Taxation
Advance money received [Section 51] IPCC Taxation
Exemption of Capital Gains [Sec 54 to 54F] IPCC Taxation
Reference to Valuation Officer [Sec 55A] IPCC Taxation
Short-term capital gains tax in respect of equity shares/units of an equity oriented fund [Sec. 111A]
IPCC Taxation
Tax on long-term capital gains [Sec112] IPCC Taxation
UNIT 5: Income From
Other Sources
Introduction IPCC Taxation
Income From Other Sources
Income From Other Sources
Incomes chargeable under this head [Section 56]
IPCC Taxation
Bond Washing Transactions and Dividend Stripping [Section 94]
IPCC Taxation
Applicable rate of tax in respect of Casual Income [Section 115BB]
IPCC Taxation
Deductions Allowable [Section 57] IPCC Taxation
Deductions Not Allowable [Section 58] IPCC Taxation
Deemed Income chargeable to tax [Sec 59] IPCC Taxation
Method of Accounting [Section 145] IPCC Taxation
5
Income of other Persons
Included in Assessee‟s
Total Income
Clubbing of Income – An Introduction IPCC Taxation
Clubbing Provisions
Income of other persons included in assessee's
total income (Clubbing Provisions)
Transfer of income without transfer of assets
IPCC Taxation
Income arising from revocable transfer of assets
IPCC Taxation
Exceptions where clubbing provisions are not attracted even in case of revocable transfer [S.62]
IPCC Taxation
Clubbing of income arising to spouse IPCC Taxation
Transfer of assets for the benefit of spouse [Section 64(1)(vii)]
IPCC Taxation
Income arising to son‟s wife from the assets transferred without adequate consideration by the father-in-law or mother-in-law [Section 64(1)(vi)]
IPCC Taxation
Transfer of assets for the benefit of son‟s wife [Section 64(1)(viii)]
IPCC Taxation
Clubbing of minor‟s income [Sec 64(1A)] IPCC Taxation
Cross Transfers IPCC Taxation
Conversion of self-acquired property into the property of a Hindu Undivided Family [Section 64(2)]
IPCC Taxation
Income includes loss IPCC Taxation
Distinction between section 61 and sec 64 IPCC Taxation
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 13 OF 28
6
Aggregation of income; Set-off, or carry forward and
set-off of losses
Aggregation of income IPCC Taxation Miscellaneous topics Miscellaneous topics
Concept of set-off and carry forward and set-off of losses
IPCC Taxation
Set-off & carry forward and set-off of losses
Set-off or carry forward and set-off of losses
Inter-source adjustment [Section 70] IPCC Taxation
Inter-head adjustment [Section 71] IPCC Taxation
Set-off and carry forward of loss from house property [Section 71B]
IPCC Taxation
Carry forward and set-off of business losses [Sections 72 & 80]
IPCC Taxation
Losses in Speculation Business [Sec 73] IPCC Taxation
Carry forward & set off of losses by specified businesses [Section 73A]
IPCC Taxation
Losses under the head „Capital Gains‟ [Section 74]
IPCC Taxation
Losses from the activity of owning and maintaining race horses [Section 74A(3)]
IPCC Taxation
Order of set-off of losses IPCC Taxation
7 Deductions From Gross Total Income
General Provisions IPCC Taxation
Chapter VIA Deductions Deductions from gross
total income (Chapter VIA Deductions)
Deduction in respect of payments IPCC Taxation
Deduction in respect of certain incomes IPCC Taxation
Deduction in respect of other income IPCC Taxation
Other Deductions IPCC Taxation
8
Computation of Total
Income and tax payable
Meaning of Total Income IPCC Taxation
Total income problems Computation of total
income and tax payable
Income to be considered while computing Total Income of Individuals
IPCC Taxation
Computation of Total Income and Tax Liability of Individuals
IPCC Taxation
9
Advance Tax, Tax Deduction at Source and Introduction
to tax Collection at
Source
Deduction of Tax at Source and Advance Payment [Section 190]
IPCC Taxation
TDS & TCS Provisions concerning Tax deducted at source
Direct Payment [Section 191] IPCC Taxation
Deduction of Tax at Source IPCC Taxation
Certificate for deduction of tax at a lower rate [197]
IPCC Taxation
No Deduction in Certain Cases [Sec. 197A] IPCC Taxation
Miscellaneous Provisions IPCC Taxation
Advance Payment of Tax [Sec 207 to 219] IPCC Taxation Advance Tax and Interest Provisions concerning
advance tax
Tax collection at source – Basic concept [S 206C]
IPCC Taxation TDS & TCS Provisions concerning Tax deducted at source
10
Provisions for Filing Return
of Income and Self
Assessment
Return of Income IPCC Taxation
Return of Income
Provisions for Filing Return of Income and
Self Assessment
Compulsory filing of return of income [Sec 139(1)]
IPCC Taxation
Interest for default in furnishing return of income [Section 234A]
IPCC Taxation
Fee for default in furnishing return of income [Section 234F]
IPCC Taxation
Option to furnish Return of Income to Employer [Section 139(1A)]
IPCC Taxation
Income-tax Return through computer readable media[Section 139(1B)]
IPCC Taxation
Specified class or classes of persons to be exempted from filing Return of Income [S.139(1C)]
IPCC Taxation
Return of Loss [Section 139(3)] IPCC Taxation
Belated Return [Section 139(4)] IPCC Taxation
Revised Return [Section 139(5)] IPCC Taxation
Particulars to be furnished with the return [139(6)]
IPCC Taxation
Particulars to be furnished with return of income in the case of anassessee engaged in business or profession [Sec 139(6A)]
IPCC Taxation
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 14 OF 28
Defective Return [Section 139(9)] IPCC Taxation
Permanent Account Number (PAN) [Section 139A]
IPCC Taxation
Quoting of Aadhar Number [Sec 139AA] IPCC Taxation
Scheme for submission of returns through Tax Return Preparers[Section 139B]
IPCC Taxation
Power of CBDT to dispense with furnishing documents etc. with the return and filing of return in electronic form [Sec 139C & 139D]
IPCC Taxation
Persons authorised to verify Return of Income [Section 140]
IPCC Taxation
Self-Assessment [Section 140A] IPCC Taxation
SECTION B – INDIRECT TAXES (40 MARKS)
Concept of
Indirect taxes
Concept and features of indirect taxes IPCC INDIRECT
TAX
Introduction to Indirect taxes
Introduction to GST
Principal indirect taxes
1 GST in India–
An Introduction
Background - - Newly added
Direct and Indirect Taxes - - Newly added
Features of Indirect Taxes - - Newly added
Genesis of GST in India - - Newly added
Concept of GST - - Newly added
Need for GST in India - - Newly added
Framework of GST as introduced in India - - Newly added
Benefit of GST - - Newly added
Constitutional Provisions - - Newly added
2 Supply Under
GST
Introduction - - Newly added
Supply Under GST Relevant Definitions - - Newly added
Concept of Supply [Section 7 of CGST Act] - - Newly added
Composite and Mixed Supplies [Section 8] - - Newly added
3 Charge of GST
Introduction - - Newly added
Levy & Collection of GST
Relevant Definitions - - Newly added
Extent & Commencement of CGST Act/SGST Act/ UTGST Act
- - Newly added
Levy & Collection of CGST [Sec9 of the CGST Act]
- - Newly added
Composition Levy [Sec 10 of the CGST Act - - Newly added
Extent and Commencement of IGST [Section 1 of IGST Act]
- - Newly added
4 Exemptions from GST
Introduction - - Newly added
Exemptions from GST
Relevant Definitions - - Newly added
Power of Grant Exemption from Tax [Section 11 of the CGST Act/Section 6 of IGST Act]
- - Newly added
Goods exempt from tax - - Newly added
List of Services exempt from tax - - Newly added
CHAPTER-5 TIME AND VALUE OF SUPPLY
5
UNIT-I: Time of Supply
Introduction.. - - Newly added
Time and Value of Supply
Relevant Definitions - - Newly added
Time of Supply of Goods [Section 12] - - Newly added
Time of Supply of Services [Section 13] - - Newly added
UNIT– II: Value of Supply
Introduction - - Newly added
Relevant Definitions - - Newly added
Value of Supply [Section 15] - - Newly added
6 Input Tax
Credit
Introduction - - Newly added
Input Tax Credit
Relevant Definitions - - Newly added
Eligibility and Conditions for taking Input Tax Credit [Section 16]
- - Newly added
Apportionment of Credit & Blocked Credits [S.17]
- - Newly added
Credit in Special Circumstances [Section 18] - - Newly added
How ITC is availed & utilized - - Newly added
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 15 OF 28
7 Registration
Introduction - - Newly added
Registration
Relevant Definitions - - Newly added
Persons Liable for Registration [Section 22] . - - Newly added
Compulsory Registration in Certain Cases [Sec 24]
- - Newly added
Persons Not Liable for Registration [Section 23]
- - Newly added
Procedure for Registration [Sections 25, 26 & 27]
- - Newly added
Amendment of Registration [Section 28] - - Newly added
Cancellation of Registration and Revocation of Cancellation [Sections 29 & 30]
- - Newly added
8 Tax Invoice, Credit and
Debit Notes
Introduction. - - Newly added
Tax Invoice, Credit and Debit Notes
Relevant Definitions - - Newly added
Tax Invoice [Section 31] - - Newly added
Credit and Debit Notes [Section 34] - - Newly added
Prohibition of Unauthorized Collection of Tax [S 32]
- - Newly added
Amount of Tax to be Indicated in Tax Invoice and other documents [Section 33]
- - Newly added
9 Payment of
Tax
Introduction - - Newly added
Payment of Tax
Relevant Definitions - - Newly added
Payment of Tax, Interest, Penalty and Other Amounts [Section 49]
- - Newly added
Interest on Delayed Payment of Tax [Sec 50] - - Newly added
Tax Wrongfully Collected and Paid to Central Government or State Government [Sec 19 of IGST Act]
- - Newly added
10 Returns
Introduction. - - Newly added
Returns
Relevant Definitions - - Newly added
Furnishing Details of Outward Supplies [Sec 37]
- - Newly added
Furnishing Details of Inward Supplies [Section 38]
- - Newly added
Furnishing of Returns [Section 39] - - Newly added
Special Returns - - Newly added
First Return [Section 40] - - Newly added
Claim of Input Tax Credit and Provisional Acceptance thereof [Section 41]
- - Newly added
Matching Reversal and Reclaim of Input Tax Credit [Section 42]
- - Newly added
Matching, Reversal and Reclaim of Reduction in Output Tax Liability [Sec 43]
- - Newly added
Annual Return [Section 44] - - Newly added
Final Return [Section 45] - - Newly added
Default in Furnishing Return [Secti 46 & 47] - - Newly added
Goods and Services Tax Practitioners [Section 48]
- - Newly added
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS:
a) Introduction to excise duty, customs duty, central sales tax and VAT.
b) Service Tax
PAPER 5 - ADVANCED ACCOUNTING
NO
CHAPTER NAME IN
NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
1
Application of
Introduction IPCC Accounts - 1
Accounting Standards Accounting Standards
(ACCOUNTING Overview of the Accounting Standards IPCC
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Accounting Standards
AS 7 : Construction Contracts IPCC STANADARDS BOOK)
AS 9 : Revenue Recognition IPCC
AS 14: Accounting for Amalgamations IPCC
AS 18 : Related Party Disclosures (NEW) FINAL F.R.
AS 19: Leases IPCC Accounts – 2 AS 20 : Earnings Per Share IPCC
AS 24 : Discontinuing Operations (NEW) FINAL F.R.
AS 26 : Intangible Assets IPCC Accounts
– 2 AS 29 : Provisions, Contingent Liabilities and Contingent Assets.
IPCC
2 Application of
Guidance Notes (NEW)
Introduction FINAL F.R Accounting Standards and Guidance Notes on
various accounting aspects issued by the
ICAI and their applications
Accounting Standards (ACCOUNTING
STANADARDS BOOK)
Status of Guidance Notes FINAL F.R.
Guidance Notes on Accounting Aspects FINAL F.R.
An Overview of Guidance Notes FINAL F.R.
3
Accounting for Employee Stock Option
Plan
Employees Stock Option Plan IPCC Accounts
– 2 Accounting for Employee Share Based Payments
Accounting for Employee Stock Option Plan Provisions of Guidance Note on Employee
Share-Based Payments IPCC
4
Buyback of Securities and Equity Shares with Differential
Rights
Buy Back of Securities IPCC
Accounts – 2
Accounting for Buy Back of shares
Buyback of Securities and Equity Shares with
Differential Rights
Introduction IPCC
Provision of Section 70 of the Companies Act, 2013
IPCC
Equity Shares with Differential Rights IPCC
Introduction IPCC
Voting Rights IPCC
Share Capital and Debentures Rules, 2014 IPCC
Dilution in case of Private Companies IPCC
Variation of Shareholder‟s Rights IPCC
Protection of Minority Shareholder Clause IPCC
5 Underwriting of Shares and Debentures
Introduction IPCC
Accounts – 2
Underwriting of Shares Underwriting of Shares
and Debentures
Underwriting Commission IPCC
Provisions in the Companies Act, 2013 affecting underwriting
IPCC
Underwriting Contract IPCC
Determination of liability in Respect of a Normal Underwriting Contract
IPCC
Firm Underwriting IPCC
6 Amalgamatio
n of Companies
Meaning of Amalgamation IPCC
Accounts – 2
Amalgamation of Companies
Amalgamation of Companies
Types of Amalgamation IPCC
Purchase Consideration IPCC
Methods of Accounting for Amalgamations IPCC
Journal Entries to close the books of Vendor Company
IPCC
Entries in the books of Purchasing Company
IPCC
7 Internal
Reconstruction
Meaning of reconstruction IPCC
Accounts – 2
Internal Reconstruction Internal Reconstruction
Difference Between Internal and External Reconstruction
IPCC
Methods of internal reconstruction IPCC
Alteration of Share Capital IPCC
Variation of Shareholders Rights IPCC
Reduction of Share Capital IPCC
Compromise/Arrangements IPCC
Surrender of Shares IPCC
Entries in case of internal reconstruction IPCC
8 Liquidation of
Companies
Liquidation – Introduction IPCC
Accounts – 2
Liquidation of Companies liquidation of Companies Definition of Winding Up IPCC
Winding up by Tribunal IPCC
Petition for Winding Up [Sec 272] (NEW) IPCC
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
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Voluntary Winding Up IPCC
Liquidators‟ Statement of Account IPCC
Commencement of Winding Up by Tribunal [Section 357]
IPCC
Statement of Affairs IPCC
Deficiency Account IPCC
Overriding Preferential Payments [S 326] IPCC
Preferential Creditors IPCC
Liquidator‟s Final Statement of Account IPCC
List Contributories IPCC
9
Financial Statements of
Insurance Companies
Introduction to Insurance Business IPCC
Accounts – 2
Insurance Company Accounts
Financial Statements of Insurance Companies
Accounting Technique Of General Insurance Business
IPCC
Financial Statements of Insurance Companies IPCC
10
Financial Statements of
Banking Companies
Some Relevant Provisions of The Banking Regulations Act, 1949
IPCC
Accounts – 2
Bank Accounts Financial Statements of
Banking Companies
Books of Accounts, Returns and Forms of Banks
IPCC
Capital Adequacy Norms IPCC
Income Recognition, Classification of Assets and Provisions
IPCC
Some Special Transactions of Banks IPCC
Preparation of Financial Statements of Banks
IPCC
11
Non-Banking Financial
Companies (NEW)
Introduction FINAL F.R.
Financial Reporting by Mutual funds, Non-
banking finance companies, Merchant bankers, Stock and commodity market
intermediaries.
Non-Banking Financial Companies
Definition of NBFC
Registration of every NBFC with RBI FINAL F.R.
Distinction Between an NBFC and a Bank FINAL F.R.
Classification of NBFC FINAL F.R.
Registration and Regulation of NBFC FINAL F.R.
Residuary Non-Banking Companies (RNBC) FINAL F.R.
Minimum Net owned Fund FINAL F.R.
Liquid Asset Requirements FINAL F.R.
Categories of NBFCS FINAL F.R.
Prudential Accounting Norms FINAL F.R.
Important Definitions FINAL F.R.
Income Recognition FINAL F.R.
Income from Investment FINAL F.R.
Accounting for Investments FINAL F.R.
Applicability of Prudential Norms FINAL F.R.
Asset Classification FINAL F.R.
Non-Performing Asset (NPA) FINAL F.R.
Provisioning Requirements FINAL F.R.
Disclosure in the Balance Sheet FINAL F.R.
Accounting Year FINAL F.R.
Preparation of Financial Statements of NBFCS
FINAL F.R.
Requirement as to capital adequacy FINAL F.R.
Asset-Liability Management (ALM) FINAL F.R.
12 Mutual Funds
(NEW)
Introduction FINAL F.R.
Financial Reporting by Mutual funds, Non-
banking finance companies, Merchant bankers, Stock and commodity market
intermediaries.
Mutual Funds
History of mutual funds in India and Role of SEBI in Mutual Funds Industry
FINAL F.R.
Organisation of Mutual Funds FINAL F.R.
Net Asset Value (NAV) of a scheme FINAL F.R.
Types of Mutual Fund Schemes FINAL F.R.
Fund of Funds (FOF) Scheme FINAL F.R.
Load or No-Load Fund FINAL F.R.
Frequently used terms FINAL F.R.
SEBI Guidelines for Mutual Funds in India FINAL F.R.
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Annual Report FINAL F.R.
Restriction on investments FINAL F.R.
Cost of investments FINAL F.R.
Investment Valuation Norms FINAL F.R.
Marking investments to market FINAL F.R.
Pricing of Units FINAL F.R.
Limitation on Fees and Expenses on issue of schemes
FINAL F.R.
Accounting Policies for Investment in Securities
FINAL F.R.
Accounting Policies for Direct Investment in Real Estate Asset
FINAL F.R.
Contents of Balance Sheet and Revenue Account
FINAL F.R.
Evaluation of Mutual Funds FINAL F.R.
Disposal of investments FINAL F.R.
Recognition of Dividend Income FINAL F.R.
Date of recognition of transactions FINAL F.R.
Dividend Equalization FINAL F.R.
13 Valuation of
Goodwill (NEW)
Introduction FINAL F.R.
Valuation Valuation of Goodwill
Concept of valuation FINAL F.R.
Need for valuation FINAL F.R.
Bases of valuation FINAL F.R.
Types of value FINAL F.R.
Approaches of valuation FINAL F.R.
Definition of intangibles FINAL F.R.
Recognition FINAL F.R.
Goodwill FINAL F.R.
Valuation of Goodwill FINAL F.R.
Determination of capital employed FINAL F.R.
Future maintainable profit FINAL F.R.
Normal rate of Return FINAL F.R.
14
Consolidated Financial
Statements (NEW)
Concept of Group, holding company and subsidiary company
FINAL F.R.
Consolidated Financial Statements of Group
Companies
Consolidated Financial Statements
Wholly owned and partly owned subsidiaries
FINAL F.R.
Purpose of Preparing the consolidated Financial Statements
FINAL F.R.
Exclusion from Preparation of consolidated Financial Statements
FINAL F.R.
Advantages & Components of consolidated Financial Statements
FINAL F.R.
Consolidation Procedures FINAL F.R.
Calculation of Goodwill/Capital Reserve (Cost of Control)
FINAL F.R.
Minority Interests FINAL F.R.
Profit or Loss of subsidiary company FINAL F.R.
Revaluation of assets of subsidiary Company
FINAL F.R.
Dividend received from subsidiary Companies
FINAL F.R.
Preparation of consolidated Balance Sheet FINAL F.R.
Elimination of Intra-Group transactions FINAL F.R.
Preparation of consolidated Profit and Loss Account
FINAL F.R.
Preparation of consolidated Cash Flow Statement
FINAL F.R.
Uniform Accounting Policies FINAL F.R.
Treatment of subsidiary company having preference Share Capital
FINAL F.R.
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 19 OF 28
Investment in the Debentures of the subsidiary company
FINAL F.R.
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Amalgamation –II is deleted
PAPER6 - AUDITING AND ASSURANCE
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
1
Nature, Objective and
SCOPE of Audit
Meaning and Definition of Auditing IPCC Auditing Nature of Auditing
Introduction to Audit SA 200, SA 240
Objectives of Audit IPCC Auditing Nature of Auditing
Scope of Audit IPCC Auditing Nature of Auditing
Types of Audit IPCC Auditing Nature of Auditing
Advantages of Audit of Financial Statements
IPCC Auditing Nature of Auditing
Inherent Limitations of Audit IPCC Auditing Nature of Auditing
Relationship of Auditing with other disciplines
IPCC Auditing Nature of Auditing
Standard Setting Process IPCC Auditing Standards on Auditing
Qualities of an Auditor IPCC Auditing Nature of Auditing
Elements of a System of Quality Control IPCC Auditing Preparation for an Audit Performing an Audit
SA 220, SA 230, SA 500
Preconditions for an Audit IPCC Auditing
Preparation for an Audit
Agreeing to an Audit SA 210
Agreement of Audit Engagement Terms IPCC Auditing
Recurring Audits IPCC Auditing
Limitation on Scope Prior to Audit Engagement Acceptance
IPCC Auditing Preparation for an Audit
Acceptance of a Change in Engagement IPCC Auditing Preparation for an Audit
2
Audit Strategy,
Audit Planning and Audit
Programme
Audit Planning IPCC Auditing Preparation for an Audit
Planning an Audit SA 300, SA320, SA 530
Audit Strategy IPCC Auditing Preparation for an Audit
Relationship Between Overall Audit Stratgegy and Audit Plan
IPCC Auditing Preparation for an Audit
Development of Audit Plan IPCC Auditing Preparation for an Audit
Audit Planning a Continuous Process IPCC Auditing Preparation for an Audit
Overall Audit Strategy and the Audit Plan – The Auditor‟s Responsibility
IPCC Auditing Preparation for an Audit
Changes to Planning Decisions During the Course of the Audit
IPCC Auditing
Direction, Supervision and Review IPCC Auditing SA 220 Performing an Audit
SA 220, SA 230, SA 500
Documentation of Audit Plan IPCC Auditing Preparation for an Audit Planning an Audit
Audit Programme IPCC Auditing Preparation for an Audit
Quality Control for Audit Work-Delegation and Supervision of Audit Work
IPCC Auditing SA220 Performing an Audit SA
220, SA 230, SA 500
Audit Planning and Materiality IPCC Auditing Preparation for an Audit Planning an Audit SA 300, SA320, SA 530 Documenting the Materiality IPCC Auditing Preparation for an Audit
3 Audit
Documentation
Audit Documentation (NOTE 1) IPCC Auditing Preparation for an Audit Performing an Audit
SA 220, SA 230, SA 500 Audit Evidence (NOTE 1) IPCC Auditing Basic concepts in
Auditing
Written Representations IPCC Auditing SA580 SA580
Audit Evidence-Specific Considerations For Selected Items
IPCC Auditing SA 501 SA 501
External Confirmation (NOTE 1) IPCC Auditing SA 505 SA 505
Initial Audit Engagement IPCC Auditing SA 510 SA 510
Meaning of Related Party IPCC Auditing SA 550 SA 550
Concept of True and Fair IPCC Auditing Basic concepts in
Auditing Introduction to Audit
SA 200, SA 240
Auditor and the Subsequent Events IPCC Auditing SA 560 SA 560
Auditor and the Going Concern Assumption IPCC Auditing SA 570 SA 570
4 Risk Audit Risk IPCC Auditing Preparation for an Audit Risk Assessment &
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 20 OF 28
Assessment and Internal
Control
Identifying and Assessing the Risks of Material Misstatement
IPCC Auditing Preparation for an Audit Internal Control SA 265, SA 315
Internal Control IPCC Auditing Internal controls
Evaluation of Internal Control by the Auditor IPCC Auditing Internal controls
Testing of Internal Control IPCC Auditing Internal controls
Internal Control and “IT” Environment IPCC Auditing Internal controls Audit in an Automated
Environment
Materiality and Audit Risk IPCC Auditing Preparation for an Audit,
Planning an Audit SA 300, SA320, SA 530 Documenting the Risk IPCC Auditing
Internal Audit IPCC Auditing Internal controls
Internal Audit & Cost Audit
SA 610
Basics of Standards on Internal Audit issued by ICAI
- - NEW
Basic of Internal Control and Reporting requirements
- - NEW
Difference between Internal Financial Control and Internal Control over Financial Reporting
- - NEW
5
Fraud and Responsibiliti
es of The auditor inthis
regard
Meaning of Fraud IPCC Auditing Nature of Auditing, SA 240
Introduction to Audit SA 200, SA 240
Characteristics of Fraud IPCC Auditing Nature of Auditing, SA 240
Detection of Fraud and Error: Duty of an Auditor
IPCC Auditing Nature of Auditing
Fraud Risk Factors and Possibility of Fraud IPCC Auditing Nature of Auditing
Fraud Reporting IPCC Auditing Company Audit -1 Appointment of Auditor & Allied Aspects SA 299 Auditor unable to continue the engagement Company Audit -1
6 Audit in an Automated
Environment
What is an automated environment IPCC Auditing Internal control and Approaches to Auditing in
Computarised Environment (CIS AUDIT)
Audit in an Automated Environment
Relevance of „IT‟ in an Audit IPCC Auditing
Risk & Controls in an Automated Environment
IPCC Auditing
Testing methods - - NEW
Internal Financial Controls as per Regulatory Requirements
- - NEW
Data Analytics for Audit - - NEW
Assess and reporting Audit Findings - - NEW
7 Audit
Sampling
Sampling: An audit Procedure IPCC Auditing Preparation for an Audit , SA 530
Planning an Audit SA 300, SA320, SA 530
Meaning of Audit Sampling (NOTE) IPCC Auditing
Approaches to Sampling IPCC Auditing Preparation for an Audit
Sample Design, Size and Selection of Items for testing
IPCC Auditing Preparation for an Audit
Performing Audit Procedures IPCC Auditing Preparation for an Audit
Nature and cause of deviations and Misstatements
IPCC Auditing Preparation for an Audit
Projecting Misstatements IPCC Auditing Preparation for an Audit
Evaluating results of Audit Sampling IPCC Auditing Preparation for an Audit
8 Analytical
Procedures
Meaning of Analytical Procedures (NOTE)
IPCC Auditing SA 520
SA 520
Purpose and timing of Analytical Procedures
IPCC Auditing SA 520
Substantive analytical procedures IPCC Auditing SA 520
Suitability of Particular Analytical Procedures for given Assertions
IPCC Auditing SA 520
Extent of Reliance of Analytical Procedures IPCC Auditing SA 520
Risk of material Misstatements IPCC Auditing SA 520
Investigating Results of Analytical Procedures
IPCC Auditing SA 520
Analytical Procedures that Assist when forming an Overall conclusion
IPCC Auditing SA 520
Considerations specific to Public sector entities
IPCC Auditing SA 520
9 Audit of Items of Financial
Income Statement Captions Comprising Revenue and Expense Balances
IPCC Auditing Vouching Performing an Audit
SA 220, SA 230, SA 500
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 21 OF 28
Statements Balance Sheet Captions Comprising Assets, Liabilities and Equity Balances
IPCC Auditing Verification
Presentation and Disclosure IPCC Auditing Company Audit-2,
Miscellaneous Balance Sheet Captions IPCC Auditing
Income Statement Captions IPCC Auditing
10 The Company
Audit
Eligibility, Qualifications and Disqualifications of An Auditor
IPCC Auditing Company Audit-1
Appointment of Auditor & Allied Aspects
Appointment of Auditor IPCC Auditing Company Audit-1
Rotation of Auditors IPCC Auditing Company Audit-1
Provisions Relating to Audit Committee IPCC Auditing Company Audit-1
Auditor‟s Remuneration IPCC Auditing Company Audit-1
Removal of Auditors IPCC Auditing Company Audit-1 Audit reporting (Including
CARO 2016)
Ceiling on Number of Audits IPCC Auditing Company Audit-1 Appointment of Auditor &
Allied Aspects Power/Rights of Auditors IPCC Auditing Company Audit-1
Duties of Auditors IPCC Auditing Company Audit-1
Reporting under Companies (Auditor‟s Report) Order, 2016 [CARO, 2016]
IPCC Auditing CARO, 2016 Audit reporting (Including CARO 2016) SA 700, SA
701, SA 705, SA 706) Disclosure in the Auditor‟s Report IPCC Auditing CARO, 2016
Joint Audit IPCC Auditing SA 299 Appointment of Auditor & Allied Aspects Audit of Branch Office Accounts IPCC Auditing Company Audit-1
Cost Audit IPCC Auditing Company Audit-1 Internal Audit & Cost
Audit SA 610
Punishment for Non-Compliance IPCC Auditing Company Audit-1 Appointment of Auditor &
Allied Aspects
11 Audit Report
Forming an Opinion on the Financial Statements-Objective of the Auditor
IPCC Auditing Company Audit-1
Audit reporting (Including CARO 2016) SA 700, SA 701, SA 705,
SA 706)
Form of Opinion IPCC Auditing Company Audit-1
Auditor‟s Report IPCC Auditing Company Audit-1
Auditor‟s Report Prescribed by Law or Regulation
IPCC Auditing Company Audit-1
Modifications to the Opinion in the Independent Auditor‟s Report
IPCC Auditing Company Audit-1
Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor‟s Report
IPCC Auditing Company Audit-1
Communicating Key Audit Matters in the Independent Auditor‟s report.
- - NEW
Standard on Auditing (SA) 710, “Comparative Information -Corresponding Figures and Comparative Financial Statements
IPCC Auditing SA 710 SA 710
12 Audit of Banks
(NEW)
Understanding of Accounting System in Banks
FINAL Auditing Audit of Banks
Audit of Banks
Bank Audit Approach FINAL Auditing Audit of Banks
Income Recognition Policy FINAL Auditing Audit of Banks
Form and Content of Financial Statements FINAL Auditing Audit of Banks
Audit of Accounts FINAL Auditing Audit of Banks
Eligibility, Qualifications and Disqualifications of Auditor
FINAL Auditing Audit of Banks
Appointment of Auditor FINAL Auditing Audit of Banks
Remuneration of Auditor FINAL Auditing Audit of Banks
Powers of Auditor FINAL Auditing Audit of Banks
Auditor‟s Report FINAL Auditing Audit of Banks
Conducting an Audit FINAL Auditing Audit of Banks
Advances FINAL Auditing Audit of Banks
Computation of Drawing Power FINAL Auditing Audit of Banks
Audit of Advances FINAL Auditing Audit of Banks
Audit of Revenue Items FINAL Auditing Audit of Banks
13 Audit of Government Audit IPCC Auditing Government audit Audit of Different Types
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 22 OF 28
Different Types of Entities
Audit of Local Bodies IPCC Auditing Special Audit of Entities
Audit of Non-Governmental Organisations (NGO)
IPCC Auditing Special Audit
Audit of Sole Trader IPCC Auditing Special Audit
Audit of Firm IPCC Auditing Special Audit
Audit of Charitable Institution IPCC Auditing Special Audit
Audit of Educational Institutions (School, College or University)
IPCC Auditing Special Audit
Audit of Hospital IPCC Auditing Special Audit
Audit of Club IPCC Auditing Special Audit
Audit of Cinema IPCC Auditing Special Audit
Audit of Hire Purchase and Leasing Companies
IPCC Auditing Special Audit
Audit of Hotels IPCC Auditing Special Audit
Audit of Co-Operative Societies IPCC Auditing Special Audit
Audit Report in respect of different entities IPCC Auditing Special Audit
14 Auditing
pronouncements
SA 250, SA 260, SA 330, SA 402, SA 450, SA 501, SA 505, SA 510, SA 520, SA 540, SA 550, SA 560, SA 570, SA 580, SA 600, SA 620, SA 710, SA 720.
IPCC Auditing Standards on Auditing Standards on Auditing
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Few concepts relating to the chapter named as Company Audit -2 are deleted in Auditing and added in law chapter named Accounts of companies.
NOTE: Audit Documentation, Audit Evidence, External Confirmation, Meaning of Analytical Procedures definitions are covered in “Introduction to Audit “chapter.
PAPER 7- ENTERPRISE INFORMATION SYSTEMS AND STRATEGIC MANAGEMENT
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
SECTION A : ENTERPRISE INFORMATION SYSTEMS
1 Automated Business Processes
Introduction IPCC IT
Business Information Systems & Information
system and It Fundamentals Automated Business Processes
Enterprise Business Processes IPCC IT
Automated Business Processes IPCC IT
Enterprise Risk Management IPCC IT
Risks IPCC IT
Controls IPCC IT
Diagrammatic representation of Business Processes
IPCC IT
Risk and controls for specific business process
IPCC IT
Regulatory and Compliance Requirements (NEW)
- - NEWLY ADDED
2 Financial and Accounting
Systems
Introduction (NEW) - -
NEWLY ADDED
Financial and Accounting Systems
Integrated (ERP) and non-integrated systems (NEW)
- -
Risks and Controls (NEW) - -
Audit of ERP Systems(NEW) - - NEWLY ADDED
ERP case study of a chartered accountant firm. (NEW)
- - NEWLY ADDED
Business process modules and their integration with Financial and Accounting systems. (NEW)
- - NEWLY ADDED
Reporting System and Management Information System (MIS)
IPCC IT
Business Information Systems
Data Analytics and Business Intelligence IPCC IT
Business Reporting and fundamentals of XBRL
IPCC IT
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 23 OF 28
Applicable Regulatory & Compliance Requirements
- - NEWLY ADDED
3
Information Systems and
Its Components
Introduction IPCC IT
Information system and It Fundamentals
Information Systems Components and controls (3.1 to 3.5 of information
system and its components)
Information Systems IPCC IT
Components of Information Systems IPCC IT
Information Systems‟ Controls IPCC IT
Classification of information system‟s control
- - NEWLY ADDED
Information Systems‟ Auditing - - NEWLY ADDED Information system Audit (3.6 to 3.9 of Information system and its components)
Audit Trail - - NEWLY ADDED
Organization Structure and Responsibilities - - NEWLY ADDED
Segregation of Duties - - NEWLY ADDED
4
E-Commerce, M-Commerce and Emerging Technologies
Introduction to E-Commerce IPCC IT Telecommunication
networks
E-Commerce, M-Commerce and Emerging
Technologies
Components for E-Commerce - - NEWLY ADDED
Architecture of Networked Systems IPCC IT Business Information
Systems
Work flow diagram for E- commerce - - NEWLY ADDED
Risks and Controls - - NEWLY ADDED
Guidelines and Laws governing E-Commerce
- - NEWLY ADDED
Digital Payments IPCC IT Telecommunication
networks
Computing Technologies IPCC IT
Information system and It Fundamentals & Business
Process Automation through Application
Software
Case Studies - - NEWLY ADDED
5 Core Banking
Systems
Overview of Banking Services and Related IT Risk and Controls
IPCC IT Business Information
Systems
Core Banking Systems
Component and Architecture of CBS - -
NEWLY ADDED Core business process flow and relevant risk controls
- -
Reporting Systems and MIS, Data Analytics & Business Intelligence
IPCC IT Business Information
Systems
Applicable Regulatory and Compliance Requirements
- - NEWLY ADDED
SECTION B : STRATEGIC MANAGEMENT
1 Introduction to
Strategic Management
Introduction IPCC SM Business Policy and Strategic Management
Introduction to Strategic Management
Business Policy IPCC SM
Concept of Management IPCC SM Business Environment
Concept of Strategy IPCC SM Business Environment
Strategic Management IPCC SM Business Environment
Strategic Levels in Organisations IPCC SM Business Policy and Strategic
Management
Strategic Management in Government and Not-for-profit Organisations
IPCC SM Reaching Strategic Edge
2 Dynamics of Competitive
Strategy
Introduction IPCC SM Business Policy and Strategic
Management
Dynamics of Competitive Strategy
Competitive Landscape IPCC SM Strategy Implementation &
Control
Strategic Analysis IPCC SM Strategic Analysis
Methods of Industry and Competitive Analysis
IPCC SM Strategic Analysis
Core Competence IPCC SM Strategic Planning
Competitive Advantage IPCC SM Strategic Planning
Internal and External Analysis(Portfolio Analysis)
IPCC SM Strategic Planning
SWOT Analysis IPCC SM Strategic Analysis
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 24 OF 28
TOWS Matrix IPCC SM Strategic Analysis
Globalization IPCC SM Business Environment
3 Strategic
Management Process
Introduction IPCC SM Strategic Planning
Strategic Management Process
Strategic Planning IPCC SM Strategic Planning
Strategic Decision Making IPCC SM
Business Policy and Strategic Management
Strategic Intent IPCC SM
Vision, Mission and Objectives IPCC SM
Strategic Management Model IPCC SM
Stages in Strategic Management IPCC SM
4 Corporate
Level Strategies
Introduction IPCC SM Strategic Planning
Corporate Level Strategies
Typologies of Strategies - - NEWLY ADDED
Stability Strategy IPCC SM Strategic Planning
Growth/Expansion Strategy IPCC SM Strategic Planning
Retrenchment/Turnaround Strategy IPCC SM Strategic Planning
Combination Strategy IPCC SM Strategic Planning
5 Business Level
Strategies
Introduction IPCC SM Business Environment
Business Level Strategies
Porter‟s Five Forces Model-Competitive Analysis
IPCC SM Business Environment
Business-Level Strategies IPCC SM Strategy Formulation
Michael Porter‟s Generic Strategies IPCC SM Strategic Planning
Best-Cost Provider Strategy IPCC SM Strategic Planning
6 Functional
Level Strategies
Introduction IPCC SM
Strategy Formulation Functional Level
Strategies
Marketing Strategy IPCC SM
Financial Strategy IPCC SM
Production / Operations Strategy IPCC SM
Research and Development IPCC SM
Human Resource Strategy IPCC SM
7 Organisation and Strategic Leadership
Introduction IPCC SM
Strategy Implementation & Control Organisation and Strategic
Leadership
Organisation Structure IPCC SM
Strategic Business Unit IPCC SM
Strategic Leadership IPCC SM
Strategy Supportive Culture IPCC SM
Entrepreneurship and Intrapreneurship (NEW)
- - NEWLY ADDED
8 Strategy
Implementation and Control
Introduction IPCC SM
Strategy Implementation & Control
Strategy Implementation and Control
Strategy Implementation IPCC SM
Issues in strategy implementation IPCC SM
Strategic Change IPCC SM
Strategic Control IPCC SM
Strategy Audit (NEW) - - NEWLY ADDED
Business Process Reengineering IPCC SM Reaching Strategic Edge
Benchmarking IPCC SM Reaching Strategic Edge
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Business Environment (only few concepts are there in New syllabus), TQM, Six sigma.
PAPER 8 - FINANCIAL MANAGEMENT AND ECONOMICS FOR FINANCE
NO CHAPTER
NAME IN NEW SYLLABUS
SUB TOPICS IN NEW SYLLABUS
COVERED IN (UNDER EXISTING SYLLABUS) CHAPTER NAME AS PER 39E IN WHICH THESE
TOPICS ARE COVERED COURSE SUBJECT CHAPTER NAME IN THAT
COURSE (AS PER MM)
SECTION A: FINANCIAL MANAGEMENT (60 MARKS)
1
Scope and
Objectives of Financial
Management
Introduction IPCC FM
Scope and Objectives of Financial Management
Scope and Objectives of Financial Management
Meaning of Financial Management IPCC FM
Evolution of Financial Management IPCC FM
Finance Functions /Finance Decisions IPCC FM
Importance of Financial Management IPCC FM
Scope of Financial Management IPCC FM
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 25 OF 28
Objectives of Financial Management IPCC FM
Conflicts in Profit Versus Value Maximization Principle
IPCC FM
Role of Finance Executive IPCC FM
Financial Distress and Insolvency (NEW) - - Newly added
Relationship of Financial Management with Related Disciplines
IPCC FM Scope and Objectives of Financial Management
Agency Problem and Agency Cost (NEW) - - Newly added
2 Types of
Financing
Financial Needs and Sources of Finance of a Business
IPCC FM
Sources of Finance Types of Financing
Classification of Financial Sources IPCC FM
Long-term Sources of Finance (Note) IPCC FM
Venture Capital Financing IPCC FM
Debt Securitisation IPCC FM
Lease Financing IPCC FM
Short-term Sources of Finance IPCC FM
Other Sources of Financing IPCC FM
International Financing IPCC FM
3
Financial Analysis and
Planning – Ratio Analysis
Introduction IPCC FM
Ratio analysis
Financial Analysis and Planning – Ratio Analysis
Ratio and Ratio Analysis IPCC FM
Types of Ratios IPCC FM
Users and Objectives of Financial Analysis : A Birds Eye View
IPCC FM
Application of Ratio Analysis in Financial Decision Making
IPCC FM
Limitations of Financial Ratios IPCC FM
Financial Analysis IPCC FM
Summary of Ratios IPCC FM
4 Cost of Capital
Introduction IPCC FM
Cost of Capital Cost of Capital
Meaning of Cost of Capital IPCC FM
Significance of Cost of Capital IPCC FM
Determination of the Cost of Capital IPCC FM
Cost of Long Term Debt IPCC FM
Cost of Preference Share Capital IPCC FM
Cost of Equity Share Capital IPCC FM
Cost of Retained Earnings IPCC FM
Effective Interest Rate (EIR) Method IPCC FM
Weighted Average Cost of Capital IPCC FM
Marginal Cost of Capital IPCC FM
5
Financing Decisions-
Capital Structure
Meaning of Capital Structure IPCC FM
Capital Structure Capital Structure
Capital Structure Theories IPCC FM
Factors Determining Capital Structure IPCC FM
Key Concepts for Designing Optimal Capital Structure
IPCC FM
Essential Features of a sound capital mix IPCC FM
Optimal Capital Structure IPCC FM
EBIT-EPS Analysis IPCC FM
Cost of Capital, Capital Structure and Market Price of Share
IPCC FM
Over and Under-Capitalisation IPCC FM
6 Financing Decision - Leverages
Introduction IPCC FM Leverages
Leverages
Debt versus Equity Financing IPCC FM
Meaning and Types of Leverages IPCC FM
7 Investment Decision
Introduction IPCC FM
Investment Decisions
Investment Decisions
Purpose of Capital Budgeting IPCC FM
Capital Budgeting Process IPCC FM
Types of Capital Investment Decisions IPCC FM
Estimation of Project Cash Flows IPCC FM
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 26 OF 28
Basic Principles for Measuring Project Cash Flows
IPCC FM
Capital Budgeting Techniques IPCC FM
Traditional or Non-Discounting Techniques
IPCC FM
Discounting Techniques IPCC FM
Summary of Decision Criteria of Capital Budgeting Techniques
IPCC FM
Special Cases of Capital Budgeting IPCC FM
8
Risk Analysis in Capital
Budgeting (NEW)
Introduction to Risk Analysis in Capital Budgeting
FINAL SFM
Project Planning and Capital Budgeting
Risk Analysis in Capital Budgeting
Risk and Uncertainty FINAL SFM
Sources of Risk FINAL SFM
Reasons for Adjustment of Risk in Capital Budgeting Decisions
FINAL SFM
Techniques of Risk Analysis in Capital Budgeting
FINAL SFM
Statistical Techniques FINAL SFM
Conventional Techniques FINAL SFM
Other Techniques FINAL SFM
9 Lease
Financing(NEW)
Introduction FINAL SFM
Leasing
Lease Financing
How does Leasing Work FINAL SFM
Types of Lease FINAL SFM
Reasons for Leasing/Advantages of Leasing
FINAL SFM
Limitations of Lease FINAL SFM
Lease Evaluation FINAL SFM
10 Dividend Decisions
(NEW)
Introduction FINAL SFM
Dividend Decisions Dividend Decisions
Meaning of Dividend FINAL SFM
Significance of dividend policy FINAL SFM
Forms of dividend FINAL SFM
Relationship between retained earnings and growth
FINAL SFM
Determinants of Dividend Decisions FINAL SFM
Practical Considerations in Dividend Policy
FINAL SFM
Theories of Dividend FINAL SFM
Stock Splits FINAL SFM
11 Management of Working Capital
Introduction to working capital management
IPCC FM
Working Capital Management
Management of Working Capital
Treasury and cash management IPCC FM
Management of inventory IPCC FM
Management of receivables IPCC FM
Management of payables (creditors) IPCC FM
Financing of working capital IPCC FM
SECTION B : ECONOMICS FOR FINANCE (MARKS: 40)
CHAPTER 1:DETERMINATION OF NATIONAL INCOME
1
UNIT-1 National Income
Accounting
Introduction CPT Economics
Indian Economy – A Profile
National Income Accounting
Usefulness and Significance of National Income Estimates
CPT Economics
Different Concepts of National Income CPT Economics
Measurement of National Income in India CPT Economics
The System of Regional Accounts in India CPT Economics
Limitations and Challenges of National Income Computation
CPT Economics
UNIT II - The Keynesian Theory of
Determination of
Introduction - -
Newly added The Keynesian Theory of Determination of National
Income
Circular Flow in a Simple Two-Sector Model - -
The Aggregate Demand Function: Two-sector Model
- -
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 27 OF 28
National Income The Two-Sector Model of National Income Determination
- -
The Investment Multiplier - -
Determination of Equilibrium Income: Three Sector Model and Four Sector Model
- -
Conclusion - -
CHAPTER 2 – PUBLIC FINANCE
2
UNIT I - Fiscal Functions: An
Overview
Introduction - - Newly added
India‟ s Fiscal Policy
The Role of Government in an Economic System
- - Newly added
The Allocation Function - - Newly added
Redistribution Function - - Newly added
Stabilization Function - - Newly added
Conclusion - - Newly added
UNIT II - Market Failure
Introduction - - Newly added
Market Failure and role of Government
The Concept of Market Failure - - Newly added
Why Do Markets Fail - - Newly added
Public Goods - - Newly added
Incomplete Information - - Newly added
Conclusion - - Newly added
UNIT III - Government
Interventions to Correct Market
Failure
Government Intervention to Minimize Market Power
- - Newly added
Government Intervention to Correct Externalities
- - Newly added
Government Intervention in the Case of Merit Goods
- - Newly added
Government Intervention in the Case of Demerit Goods
- - Newly added
Government Intervention in the Case of Public Goods
- - Newly added
Price Intervention: Non-Market Pricing - - Newly added
Government Intervention for Correcting Information Failure
- - Newly added
Government Intervention for Equitable Distribution Summary
- - Newly added
UNIT IV - Fiscal Policy
Introduction - - Newly added
India‟ s Fiscal Policy
Objectives of Fiscal Policy - - Newly added
Automatic Stabilizers Versus Discretionary Fiscal Policy
- - Newly added
Instruments of Fiscal Policy - - Newly added
Types of Fiscal Policy - - Newly added
Fiscal Policy For Long-Run Economic Growth - - Newly added
Fiscal Policy for Reduction in Inequalities of Income and Wealth
- - Newly added
Limitations of Fiscal Policy - - Newly added
Conclusion - - Newly added
CHAPTER 3 – MONEY MARKET
3
UNIT I - The Concept of
Money Demand
Introduction CPT Economics Money and Banking
Money Market
Functions of Money CPT Economics Money and Banking
The Demand for Money CPT Economics Money and Banking
Theories of Demand for Money CPT Economics Money and Banking
Post-Keynesian Developments in the Theory of Demand for Money
CPT Economics Money and Banking
Conclusion CPT Economics Money and Banking
UNIT II - The Concept of
Money Supply
Introduction CPT Economics Money and Banking
Rationale of Measuring Money Supply CPT Economics Money and Banking
The Sources of Money Supply - - Newly added
Measurement of Money Supply - - Newly added
Determinants of Money Supply - - Newly added
The Concept of Money Multiplier - - Newly added
CA INTER VS. IPCC I.E. NEW SYLLABUS VS. OLD SYLLABUS (FOR STUDENTS)
3NDEDITION OF THIS DOUCMENT ISSUED ON 29/12/17 (IGNORE OLD ONE) ……………………… PAGE 28 OF 28
The Money Multiplier Approach to Supply of Money
- - Newly added
Effect of Government Expenditure on Money Supply
- - Newly added
UNIT III - Monetary Policy
Introduction - - Newly added
Monetary Policy Defined - - Newly added
The Monetary Policy Framework - - Newly added
The Organisational Structure for Monetary Policy Decisions
- - Newly added
Conclusion - - Newly added
CHAPTER 4 – INTERNATIONAL TRADE
4
UNIT I - Theories of International
Trade
Introduction - - Newly added
International Trade
Important Theories of International Trade - - Newly added
UNIT II - The Instruments of Trade Policy
Introduction - - Newly added
Tariffs - - Newly added
Non -Tariff Measures (NTMs) - - Newly added
Export-Related Measures - - Newly added
UNIT III - Trade Negotiations
Introduction - - Newly added
Taxonomy of Regional Trade Agreements (RTAs)
- - Newly added
The General Agreement on Tariffs and Trade (GATT)
- - Newly added
The Uruguay Round and the Establishment of WTO
- - Newly added
The World Trade Organization (WTO) - - Newly added
The Doha Round - - Newly added
The WTO: A Few Concerns - - Newly added
UNIT IV - Exchange Rate
and Its Economic Effects
Introduction - - Newly added
Exchange Rate and Its Economic Effects
The Exchange Rate - - Newly added
The Exchange Rate Regimes - - Newly added
Nominal Versus Real Exchange Rates - - Newly added
The Foreign Exchange Market - - Newly added
Determination of Nominal Exchange Rate - - Newly added
Changes in Exchange Rates - - Newly added
Devaluation (Revaluation) Vs Depreciation (Appreciation)
- - Newly added
Impacts of Exchange Rate Fluctuations on Domestic Economy
- - Newly added
UNIT V - International
Capital Movements
Introduction - - Newly added
International Capital Movements
Types of Foreign Capital - - Newly added
Foreign Direct Investment (FDI) - - Newly added
Foreign Portfolio Investment (FPI) - - Newly added
Reasons for Foreign Direct Investment - - Newly added
Modes of Foreign Direct Investment (FDI) - - Newly added
Benefits of Foreign Direct Investment - - Newly added
Potential Problems Associated with Foreign Direct Investment
- - Newly added
Foreign Direct Investment in India (FDI) - - Newly added
Overseas Direct Investment by Indian Companies
- - Newly added
TOPICS OF OLD SYLLABUS THAT ARE REMOVED UNDER NEW SYLLABUS: Time value of money, Funds flow statement, cash flow statement.
Note: New concept of Bonds in introduced in long term finance.
THE END