Tuesday, January 29, 2019

CA IPCC Syllabus 2019, New Exam Pattern By ICAI

CA IPCC Syllabus

Download CA IPCC Syllabus 2019 from here. The Institute of Chartered Accountants of India has published the latest syllabus and New Exam Pattern for IPCC. Candidates who are going to appear in the said examination are suggested to download the syllabus and have a look at the all important topics of the examination form which the question will be asked.


The CA IPCC contains tow group that is Group I and II the syllabus and marks distribution scheme of both the paper is well provided on this page. To check the CA IPCC Syllabus 2019 and exam pattern you are suggested to scroll down this page which is well presented by the team members of www.sarkarinaukricareer.in

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Details of CA IPCC Syllabus  
Organization Name
The Institute of Chartered Accountants of India
Exam Name
IPCC
Page Category
Syllabus and Exam Patten
Official Website
icai.nic.in

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IPCC Subjects for May  
Group I
Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
Part I- Business Laws (60 marks) comprising
  • Business Laws (30 marks)
  • Company Law (30 marks)
Part II- Ethics (20 marks)
Part III- Communication (20 marks)
Paper 3: Cost Accounting and Financial Management (100 marks)
Part I- Cost accounting (50 marks)
Part II- Financial Management (50 marks)
Paper 4: Taxation (100 marks)
Part I- Income-tax (50 marks)
Part II- Indirect Taxes (50 marks)


Group II
Paper 5: Advanced accounting (100 marks)
Paper 6: Auditing and Assurance (100 marks)
Paper 7: Information Technology and Strategic Management (100 marks)
Section A- Information Technology (50 marks)
Section B- Strategic Management (50 marks)

CA IPCC Syllabus 2019
Paper 1: Accounting:
General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards
Accounting Standards
Working knowledge of:
AS 1: Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 6: Depreciation Accounting
AS 7: Construction Contracts (Revised 2002) AS 9: Revenue Recognition
AS 10: Accounting for Fixed Assets
AS 13: Accounting for Investments
AS 14: Accounting for Amalgamations.

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Company Accounts:
(a) Preparation of financial statements – Profit and Loss Account, Balance Sheet and Cash Flow Statement
(b) Profit (Loss) prior to incorporation
(c) Alteration of share capital, Conversion of fully paid shares into stock and stock into shares, Accounting for bonus issue
(d) Simple problems on Accounting for business acquisition, Amalgamation, and reconstruction (excluding problems of amalgamation on inter-company holding)
Average Due Date, Account Current, Self-Balancing Ledgers
Financial Statements of Not-for-Profit Organisations
Accounts from Incomplete Records
Accounting for Special Transactions
(a) Hire purchase and installment sale transactions
(b) Investment accounts
(c) Insurance claims for loss of stock and loss of profit.


Issues in Partnership Accounts
Final accounts of partnership firms – Admission, retirement and death of a partner including treatment of goodwill;

Accounting in Computerised Environment
An overview of computerized accounting system – Salient features and significance, Concept of the grouping of accounts, Codification of accounts, Maintaining the hierarchy of ledger, Accounting packages and consideration for their selection, Generating Accounting Reports.

Paper 2: Business Laws, Ethics and Communication:
(I) The Companies Act, 2013: Relevant notified Sections 1 to 122 of the Companies Act, 2013 up to 30th September 2014 by the Ministry of Corporate Affairs are applicable except Section 75 relating to ‘damages for fraud’, Section 48 relating to “Variation of shareholders’ right”, Section 66 related to “Reduction of share capital”, Section 97 relating to “ Power of tribunal to call AGM”, Section 98 relating to “ Power of Tribunal to call meetings of members, etc., and Section 99 relating to “ Punishment for default in complying with provisions of sections 96 to 98”, of the Companies Act, 2013. For other legislative amendments including relevant Notifications/Circulars/Rules/Guidelines issued by Regulating Authority cut-off date will be 31st October 2014.


(II)The Employees’ Provident Funds Miscellaneous Provisions Act, 1952-
The Employees’ Deposit Linked Insurance (Amendment) Scheme, 2014
Employees’ Pension (Amendment) Scheme, 2014
Contents:

Business Laws (30 marks)
The Indian Contract Act, 1872
The Negotiable Instruments Act, 1881
The Payment of Bonus Act, 1965
The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
The Payment of Gratuity Act, 1972


Company Law (30 marks)
The Companies Act, 2013 – Sections 1 to 197 (a) Preliminary
(b) Board of Company Law Administration – National Company Law Tribunal; Appellate Tribunal
(c) Incorporation of company and matters incidental thereto
(d) Prospectus and allotment, and other matters relating to use of shares or debentures
(e) Share capital and debentures
(f) Registration of charges
(g) Management and administration – general provisions – registered office and name, restrictions on commencement of business, registers of members and debentures holders, foreign registers of members or debenture holders, annual returns, general provisions regarding registers and returns, meetings and proceedings.
(h) Company Law in a computerized environment – e-filing.

Part II: Ethics (20 marks)
Contents:

  1. Introduction to Business Ethics
The nature, purpose of ethics and morals for organizational interests; ethics and conflicts of interests; ethical and social implications of business policies and decisions; corporate social responsibility; ethical issues in corporate governance

  1. Environment Issues
Protecting the Natural Environment – prevention of pollution and depletion of natural resources; conservation of natural resources

  1. Ethics in Workplace
Individual in the organisation, discrimination, harassment, gender equality.

  1. Ethics in Marketing and Consumer Protection
Healthy competition and protecting consumer’s interest

  1. Ethics in Accounting and Finance
Importance, issues and common problems


Part III: Communication (20 marks)
Contents:
  1. Elements of Communication
(a) Forms of communication: formal and informal, inter-departmental, verbal and non-verbal; active listening and critical thinking
(b) Presentation skills including conducting meeting, press conference
(c) Planning and composing business messages
(d) Communication channels
(e) Communicating corporate culture, change, innovative spirits
(f) Communication breakdowns
(g) Communication ethics
(h) Groups dynamics; handling group conflicts, consensus building; influencing and persuasion skills; negotiating and bargaining
(i) Emotional intelligence – emotional quotient
(j) Soft skills – personality traits; interpersonal skills; leadership.

  1. Communication in Business Environment
(a) Business Meetings – Notice, Agenda, Minutes, Chairperson’s speech
(b) Press releases
(c) Corporate announcements by stock exchanges
(d) Reporting of proceedings of a meeting.
  1. Basic Understanding of Legal Deeds and Documents
(a) Partnership deed (b) Power of Attorney (c) Lease deed
(d) Affidavit
(e) Indemnity bond
(f) Gift deed
(g) Memorandum and articles of association of a company
(h) Annual Report of a company.


Paper 3: Cost Accounting and Financial Management:
Contents:

  1. Introduction to Cost Accounting
(a) Objectives and scope of cost accounting
(b) Cost centres and cost units
(c) Cost classification for stock valuation, profit measurement, decision making and control
(d) Coding systems
(e) Elements of cost
(f) Cost behaviour pattern, separating the components of semi-variable costs
(g) Installation of a costing system
(h) Relationship of cost accounting, financial accounting, management accounting and financial management.




  1. Cost Ascertainment
(a) Material Cost
(i) Procurement procedures – store procedures and documentation in respect of receipts and issue of stock, stock verification
(ii) Inventory control – techniques of fixing of minimum, maximum and reorder levels, economic order quantity, ABC classification; stocktaking and perpetual inventory
(iii) Inventory accounting
(iv) Consumption - identification with products of cost centres, basis for consumption entries in financial accounts, monitoring consumption.

(b) Employee Cost
(i) Attendance and payroll procedures, overview of statutory requirements, overtime, idle time and incentives
(ii) Labour turnover
(iii) Utilisation of labour, direct and indirect labour, charging of labour cost, identifying labour hours with work orders or batches or capital jobs
(iv) Efficiency rating procedures
(v) Remuneration systems and incentive schemes. (c) Direct Expenses
Sub-contracting – control on material movements, identification with the main product or service.


(d) Overheads
(i) Functional analysis – factory, administration, selling, distribution, research and development
Behavioural analysis – fixed, variable, semi variable and step cost
(ii) Factory overheads – primary distribution and secondary distribution, criteria for choosing suitable basis for allotment, capacity cost adjustments, fixed absorption rates for absorbing overheads to products or services
(iii) Administration overheads – method of allocation to cost centres or products
(iv) Selling and distribution overheads – analysis and absorption of the expenses in products/customers, impact of marketing strategies, cost effectiveness of various methods of sales promotion.

  1. Cost Book-keeping
Cost ledgers – non-integrated accounts, integrated accounts, reconciliation of cost and financial accounts.

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  1. Costing Systems
(a) Job Costing
Job cost cards and databases, collecting direct costs of each job, attributing overhead costs to jobs, applications of job costing.
(b) Batch Costing
(c) Contract Costing

Note:
We advised you to check the above provided CA IPCC Syllabus 2019 and exam pattern carefully and prepare for your exam accordingly.




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