PAPER1 - ACCOUNTING Inter Vs. IPCC (New Syllabus … · Overview of Accounting Standards AS 1:...

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


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



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


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



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



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.



PAPER 2 - CORPORATE AND OTHER LAWS

NO CHAPTER





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


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


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


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


Share Capital and Debentures,

Share Capital and Debentures

Share capital–Types IPCC CLAW

Basic Requirements IPCC CLAW

Rights and variation of rights IPCC CLAW



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


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


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



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



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



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




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



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


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


Types of Overhead Rates IPCC Costing Overheads

Treatment of Under-Absorbed and Over-Absorbed Overheads in Cost Accounting


Accounting and Control of Administrative Overheads


Accounting and Control of Selling and Distribution 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



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


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



Distinction Between Marginal and Absorption Costing


Advantages and Limitations of 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


Angle of Incidence IPCC Costing Marginal Costing

Application of CVP Analysis in Decision Making


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





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


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



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


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



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


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



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



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


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


Exemptions from GST


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


Time of Supply of Goods [Section 12] - - Newly added

Time of Supply of Services [Section 13] - - Newly added

UNIT– II: Value of Supply



Value of Supply [Section 15] - - Newly added

6 Input Tax

Credit


Input Tax Credit


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



7 Registration


Registration


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


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


Payment of Tax


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


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




COURSE (AS PER MM)

1

Application of

Introduction IPCC Accounts - 1

Accounting Standards Accounting Standards

(ACCOUNTING Overview of the Accounting Standards IPCC




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



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)


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.



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)


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.



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





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


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


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


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 &



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


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


Performing Audit Procedures IPCC Auditing Preparation for an Audit

Nature and cause of deviations and Misstatements


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


Substantive analytical procedures IPCC Auditing SA 520

Suitability of Particular Analytical Procedures for given Assertions


Extent of Reliance of Analytical Procedures IPCC Auditing SA 520

Risk of material Misstatements IPCC Auditing SA 520

Investigating Results of Analytical Procedures


Analytical Procedures that Assist when forming an Overall conclusion


Considerations specific to Public sector entities


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



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


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


Modifications to the Opinion in the Independent Auditor‟s Report


Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor‟s Report


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



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)


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


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





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



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



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


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


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





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



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


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


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


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



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

- -



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


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


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


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


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


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



The Money Multiplier Approach to Supply of Money

- - Newly added

Effect of Government Expenditure on Money Supply

- - Newly added

UNIT III - Monetary Policy


Monetary Policy Defined - - Newly added

The Monetary Policy Framework - - Newly added

The Organisational Structure for Monetary Policy Decisions

- - Newly added


CHAPTER 4 – INTERNATIONAL TRADE

4

UNIT I - Theories of International

Trade


International Trade

Important Theories of International Trade - - Newly added

UNIT II - The Instruments of Trade Policy


Tariffs - - Newly added

Non -Tariff Measures (NTMs) - - Newly added

Export-Related Measures - - Newly added

UNIT III - Trade Negotiations


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


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


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

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