CA IPCC Syllabus 2019, New Exam Pattern By ICAI

CA IPCC Syllabus

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Details of CA IPCC Syllabus  

Related Link:

• CA IPCC Exam Date 2019 Online Registration
• CA IPCC Syllabus
• ICAI Admit Card 
• CA IPCC Result 

IPCC Subjects for May  

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)

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)

Paper 1: Accounting:

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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(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)

(a) Hire purchase and installment sale transactions
(b) Investment accounts
(c) Insurance claims for loss of stock and loss of profit.

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

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:

1. Introduction to Business Ethics

2. Environment Issues

3. Ethics in Workplace

4. Ethics in Marketing and Consumer Protection

5. Ethics in Accounting and Finance

1. Elements of Communication

2. Communication in Business Environment

3. Basic Understanding of Legal Deeds and Documents

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.

2. 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.

3. Cost Book-keeping

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

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4. 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:
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