ICAI New Practical Training Assessment

ICAI New Practical Training Assessment

ICAI New Practical Training Assessment

ICAI New Practical Training Assessment

The next practical training assessment test is being scheduled for February 3, 2018. The students who have completed their 1st/ 2nd year of practical training during the second, third and fourth quarter of 2018, i.e. April-June, 2018, July September 2018 and October-December, 2018 are eligible to appear in this test.

The students who have already appeared in the Practical training tests during 2018 and wish to improve their performance/ grade can re-seem on, February 3, 2019. In such case, the best of the grade will be given in the mark sheet. Similarly, the students who have registered for the earlier test(s) but could not appear due to some reason, can also register for February 3, 2019. The registration for this test will open on January 14, 2019 (Monday) at 5.00 pm and close on January 21, 2019 (Monday).

Students may register for the test during the abovementioned time period through the registration portal https://pttest.icai.org/ by selecting their preferences for a test place. Students who wish to reappear may also register by selecting the test place and submitting a fee of Rs.200 online. Selecting a test place will not imply confirmation for that place. The student may be assigned any place out of the two selected locations depending on the number of candidates in that region for the test date. However, preference will be given to the selected place.

For any issues/ queries related to registration, students may contact the Help Desk mentioned on the portal. Students are advised to register for the tests well in time to avoid last-minute hassles. Frequently Asked Questions (FAQs) are also available on the Institute website at the link https://resource.cdn.icai.org/50659bosfaqapt.pdf.

Director, Board of Studies

ICAI Important Announcement Board of Studies

ICAI Important Announcement Board of Studies

The assessment would be made partly goal in the below mentioned select papers at the Intermediate/IPCC and Final level with effect from May 2019 Examination under the new and old scheme of education and training.

Read:

ICAI Announcement

Intermediate (New Course)

IPCC (Old Course)

Paper

Subject

Paper

Subject

2

Corporate and Other Laws

2

Business Laws, Ethics & Communication

4

Taxation

4

Taxation

6

Auditing & Assurance

6

Auditing & Assurance

7

Enterprise Information System & Strategic Management

7

Information Technology & Strategic Management

ICAI Announcement New Syllabus

Final (New Course)

Final (Old Course)

Paper

Subject

Paper

Subject

3

Advanced Auditing and Professional Ethics

3

Advanced Auditing and Professional Ethics

4

Corporate and Economic Laws

4

Corporate and Allied Laws

7

Direct Tax Laws and International Taxation

7

Direct Tax

8

Indirect Tax Laws

8

Indirect Tax Laws

(i) In each of the above papers, the weightage for objective type questions would be 30%. The remaining questions i.e., 70% of the paper would be as per the present pattern of assessment.

(ii) The goal type questions will be for 30 Marks in each 100 marks paper. They would be in the nature of multiple choice questions (MCQs) carrying 1 or 2 marks. Each MCQ will have 4 options, out of which 1 option would be the correct answer. The 1 mark MCQs would be in the range of 10 to 16 MCQs; the 2 marks MCQs would be in the range of 7 to 10 MCQs.

(iii) The MCQs will be compulsory and there would be no internal or external choice in them.

(iv) The MCQs may be either knowledge-based or application-based. The skill level would be either “knowledge and comprehension” or “application and analysis”.

(v) There will be no negative marking for wrong answers.

(vi) No reasoning is required for answers to MCQs.

Download Here

ICAI CA Final Result 2019

ICAI CA Final Result 2019

ICAI CA Final Result 2019

ICAI CA Final Results

The results of the Chartered Accountants Final Examination(Old course & New Course)Foundation Examination and Common Proficiency Test (CPT) held in November/December 2018 are likely to be declared on Wednesday, the 23 rd January 2019 around 6.00 P.M. and the same, as well as the All India merit list (upto the 50 th Rank in the case of Final and Foundation Examination only), will be available on the following websites:

Learn:

  1. icaiexam.icai.org
  2. caresults.icai.org
  3. icai.nic.in

ICAI CA Final Results 2019

Arrangements have also been made for the students of Final Examination (Old course & New Course), Foundation Examination and Common Proficiency Test (CPT) desirous of having results on their e-mail addresses to register their requests at the website i.e. icaiexam.icai.org from 19 th January 2019. All those registering their requests will be provided their results through e-mail on the e-mail addresses registered as above immediately after the declaration of the result.

In addition to the above, it may be noted that for accessing the result at the above-mentioned websites the candidate shall have to enter his/her registration no. or PIN no. along with his/her roll number.

Further facilities have been made for candidates of Final Examination (Old course & New Course), Foundation Examination and Common Proficiency Test (CPT) held in November/December 2018 desirous of knowing their results with marks on SMS. The service will be available through India Times.

ICAI CA Final Results 2019

For getting results through SMS candidates should type:

i)For Final Examination result the following:-

Final Examination (Old Course)

CAFNLOLD (space) XXXXXX (Where XXXXXX is the six digit Final examination roll number of the candidate), e.g. CAFNLOLD 000128

Final Examination (New CCourseourse)

CAFNLNEW (space)XXXXXX (Where XXXXXX is the six digit Final examination roll number of the candidate) , e.g. CAFNLNEW 000128

ii)For Foundation Examination result the following :-

CAFND (Space)XXXXXX (where XXXXXX is the six digit Foundation Examination roll number of the candidate), e.g. CAFND 000171

iii)For Common Proficiency Test (CPT) result the following:-

CACPT(Space)XXXXXX (where XXXXXX is the six digit Common Proficiency Test roll number of the candidate) , e.g. CACPT 000171

and send the message to 58888 – for all mobile services – India Times

Download Here

Visit: Online Registration Portal for ICITSS (IT/OC) and AICITSS (AIT/MCS) Courses on All India Basis

ICAI- IPCC Exam & IPCC Result

ICAI- IPCC Exam & IPCC Result

IPCC is the second level of ICAI Exams.

Preparation for ICAI Exams requires a lot of efforts. If students efforts are in the right direction then he/she will surely get success and IPCC result will be towards his/her favor. But sometimes, students get demotivated/ distracted by peer friends or relatives, resulting in failure. Nowadays, we can see that even parents are more stressed than students, causing more depression for students. So, key to success for scoring high marks in the upcoming IPCC exams is to work on time management and stress control during exams days. Solving mock test papers and other practice papers will master these skills and make your confidence high before the exam. Practicing ICAI CA intermediate sample papers, model question papers and last 5 years question paper will help you in your upcoming IPCC exams. So that you can check your efficiency. Make sure that you complete all these papers and be confident in exams. As your confidence and your efforts will surely visible in your IPCC result.

Below are the subjects for CA IPCC exams-

IntermediateIPCC
Paper 1: AccountingPaper 1: Accounting
Paper 2: Corporate and Other LawsPaper 2: Business Laws, Ethics and Communication
Paper 3: Cost and Management AccountingPaper 3: Cost Accounting and Financial Management
Paper 4: TaxationPaper 4: Taxation
Paper 5: Advanced AccountingPaper 5: Advanced Accounting
Paper 6: Auditing and AssurancePaper 6: Auditing and Assurance
Paper 7: Enterprise Information Systems & Strategic ManagementPaper 7: Information Technology and Strategic Management
Paper 8: Financial Management & Economics for Finance

CA Intermediate (New)

Download the ICAI CA Intermediate Nov 2018 Mock Test Papers (Series I)

Download the papers and practice them thoroughly so that you could excel in your IPCC exams and your IPCC result will come in your favor.

S.no

Subject

Mock Test Paper

Answers

1

Accounting

vsiDownload

vsiDownload

 2

Corporate and Other laws

vsiDownload

vsiDownload

 3

Cost and Management Accounting

vsiDownload

vsiDownload

 4

Taxation

vsiDownload

vsiDownload

 5

Advanced Accounting

vsiDownload

vsiDownload

6

Auditing and Assurance

vsiDownload

vsiDownload

7

Enterprise information system & strategic management

vsiDownload

vsiDownload

8

Financial management and Economics for finance

vsiDownload

vsiDownload

 

 (Series II)

This is the series 2 of the Moke test paper provided by ICAI for IPCC exams. Your IPCC result depends on your focus on your studies and your practice of these kinds of papers for your IPCC exams.

S.NoSubjectMock Test PapersAnswers
AccountingDownloadDownload
     2.Corporate and Other LawsDownloadDownload
     3.Cost and Management AccountingDownloadDownload
     4.TaxationDownloadDownload
     5.Advanced AccountingDownloadDownload
     6.Auditing and AssuranceDownloadDownload
     7.Enterprise Information System & Strategic ManagementDownloadDownload
     8.Financial Management and Economics for FinanceDownloadDownload

 


Revision Test Papers for Nov 2018 –

 

Practice these papers too and this will help you excel in ICAI exams for IPCC level and your IPCC result will probably be in your favor.

PapersDownload
Paper 1: AccountingDownload
Paper 2: Corporate and Other LawsDownload
Paper 3: Cost and Management AccountingDownload
Paper 4: TaxationDownload
Paper 5: Advanced AccountingDownload
Paper 6: Auditing and AssuranceDownload
Paper 7: Enterprise Information Systems and Strategic ManagementDownload
Paper 8: Financial Management and Economics for FinanceDownload

ICAI CA Intermediate May 2018 Question Papers with Suggested Answers

Download these questions papers and practice them. The answer key will help you in finding out the issues and resolution of the questions. All the best for your IPCC Result!

S.noSubjectDownload LinkSuggested Answers
1AccountingvsiDownloadDownload
2Corporate and Other LawsvsiDownloadDownload
3Cost and management accountingvsiDownloadDownload
4TaxationvsiDownloadDownload
5Advanced AccountingvsiDownloadDownload
6Auditing and AssurancevsiDownloadDownload
7Enterprise Information system and Strategic managementvsiDownloadDownload
8Financial Management & Economics for financevsiDownloadDownload

 

ICAI CA IPCC August 2018 Mock Test papers with Answers

Download the ICAI CA Intermediate May 2018 Mock test papers from below links:

S.no

Subject

Mock Test Paper

Answer Key

1

Accounting

vsiDownload

vsiDownload

 2

Corporate and Other laws

vsiDownload

vsiDownload

 3

Cost and Management Accounting

vsiDownload

vsiDownload

 4

Taxation

vsiDownload

vsiDownload

 5

Advanced Accounting

vsiDownload

vsiDownload

6

Auditing and Assurance

vsiDownload

vsiDownload

7

Enterprise information system & strategic management

vsiDownload

vsiDownload

8

Financial management and Economics for finance

vsiDownload

vsiDownload

 


ICAI CA Intermediate May 2018 Revision papers

S.noSubjectRevision Paper
1AccountingvsiDownload
2Corporate and Other LawsvsiDownload
3Cost and management accountingvsiDownload
4TaxationvsiDownload
5Advanced AccountingvsiDownload
6Auditing and AssurancevsiDownload
7Enterprise Information system and Strategic managementvsiDownload
8Financial Management & Economics for financevsiDownload

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ICAI CA Intermediate May 2018 Practice questions

S.noSubjectPractice papers
1AccountingvsiDownload
2Corporate and Other LawsvsiDownload
3Cost and management accounting
Chapter 1vsiDownload
Chapter 2vsiDownload
Chapter 3vsiDownload
Chapter 4vsiDownload
Chapter 5vsiDownload
Chapter 6vsiDownload
Chapter 8vsiDownload
Chapter 12vsiDownload
4TaxationvsiDownload
5Advanced AccountingvsiDownload
6Auditing and AssurancevsiDownload
7Enterprise Information system and Strategic managementvsiDownload
8Financial Management & Economics for financevsiDownload

IPCC/CA Intermediate (Old)

ICAI CA IPCC Nov 2018 Mock Test Papers with Answers (Series I)

S.no

Subject

Mock Test Paper

Answers

1

Accounting

vsiDownload

vsiDownload

 2

Business Laws, Ethics and Communication

vsiDownload

vsiDownload

 3

Cost Accounting and Financial Management

vsiDownload

vsiDownload

 4

Taxation

vsiDownload

vsiDownload

 5

Advanced Accounting

vsiDownload

vsiDownload

6

Auditing and Assurance

vsiDownload

vsiDownload

7

Enterprise information system
& strategic management

vsiDownload

vsiDownload

ICAI CA IPCC Nov 2018 Mock Test Papers with Answers (Series II)

S.NoSubjectMock Test PapersAnswers
1.AccountingDownloadDownload
2.Business Laws, Ethics and CommunicationDownloadDownload
3.Cost Accounting and Financial ManagementDownloadDownload
4.TaxationDownloadDownload
5.Advanced AccountingDownloadDownload
6.Auditing and AssuranceDownloadDownload
7.Information Technology and Strategic ManagementDownloadDownload

 


ICAI CA IPCC Exam May 2018 Question Papers with Suggested Answers

Download from this section IPCC May 2018 Question papers with suggested answers pdf. You will get the question papers right after the exam. Evaluate your performance in your exam by referring to the suggested answer key.

S.noSubjectDownload LinkSuggested Answers
1AccountingvsiDownloadDownload
2Business Laws, Ethics & CommunicationsvsiDownloadDownload
3Cost Accounting & Financial ManagementvsiDownloadDownload
4TaxationvsiDownloadDownload
5Advanced AccountingvsiDownloadDownload
6Auditing and AssurancevsiDownloadDownload
7Information Technology and Strategic ManagementvsiDownloadDownload

 


ICAI CA IPCC Exam Nov 2017 Question Papers with Suggested Answer Key

Here are IPCC November 2017 suggested answer keys available along with group 1st (Accounts, Laws, Cost and FM, Taxation)
and group 2nd (Advanced Accounting, Auditing, and Assurance, ITSM) question papers.

IPCC Nov 2017 Group I

S.No

Question Paper

Answer Key

1

AccountsSuggested Answers

2

Law Suggested Answers

3

Cost & FMSuggested Answers

4

Taxation Suggested Answers

 

IPCC Nov 2017 Group II

S.No

Question Paper

Answer Key

5

Advanced Accounting Suggested Answers

6

AuditSuggested Answers

7

ITSMSuggested Answers

ICAI CA IPCC Nov 2017 Mock Test Papers with Solution

Here is the  IPCC Nov 2017 Mock Test papers. Solving these papers will help you in obtaining good marks in your IPCC attempt. From below you can download IPCC Nov 2017 mock test/ model test papers with solution for both the groups.

S.No

Question Paper

Answer Key

1

Accounts Suggested Answers

2

Law Suggested Answers

3

Cost & FM Suggested Answers

4

 Taxation  Suggested Answers

5

 Advanced Accounts Suggested Answers

6

AuditSuggested Answers

7

 ITSMSuggested Answers

 


ICAI May 2017 IPCC Exam Suggested Answer key

Here is the  IPCC May 2017 paper solution. ICAI will release their answer key soon after IPCC  result. Meanwhile, these answer keys will help you a lot in having a general analysis of your performance. From below you can download IPCC MAY 2017 attempt question paper with suggested answer key for both the groups.

S.No

Question paper

Answer Key

1

 Accounts Download

2

Business Law, Ethics and Communication Download

3

Cost Accounting & Financial ManagementDownload

4

Taxation Download

5

Information Technology and Strategic ManagementDownload

6

Auditing and AssuranceDownload

Nov 2016 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2016 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

Nov 2015 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2015 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

Nov 2014 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2014 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

 

Nov 2013 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2013 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

Nov 2012 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2012 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

Nov 2011 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2011 IPCC Exam Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

Nov 2010 IPCC Exams Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

May 2010 IPCC Exams Question Papers and Suggested Answers

S.NoQuestion papersAnswer Key
Paper 1. AccountingDownloadDownload
Paper 2. Business Laws, Ethics and CommunicationDownloadDownload
Paper 3. Cost Accounting and Financial AccountingDownloadDownload
Paper 4. TaxationDownloadDownload
Paper 5. Advanced AccountingDownloadDownload
Paper 6. Auditing and AssuranceDownloadDownload
Paper 7: Information Technology and Strategic ManagementDownloadDownload

 


ICAI CA IPCC Previous Years Mock Test Papers With Answers key

You can Download Model test papers or mock test papers with their solution key from this section. The question papers are in pdf format and answers are available with questions papers pdf. Your IPCC result will be remarkable if you practice all these previous Mock tests and IPCC Exam question papers.

ICAI CA IPCC Mock Test Papers With Answers key May 2017

Group – I

1. Accounts- Mock Test Papers May 2017

S.No

Subject

Download

1

Accounts PaperQuestion Paper

2

Accounts Suggested Answers PaperSolution

2. Business Laws, Ethics And Communication Mock Test Papers May 2017

S.No

Subject

Download

1

Business Laws, Ethics and Communication PaperQuestion Paper

2

Business Laws, Ethics and Communication Suggested Answers PaperSolution

3. Cost Accounting And Financial Management Mock Test Papers May 2017

S.No

Subject

Download

1

Cost Accounting And Financial Management PaperQuestion Paper

2

Cost Accounting And Financial Management Suggested Answers PaperSolution

4. Taxation Mock Test Papers May 2017

S.No

Subject

Download

1

Taxation PaperQuestion Paper

2

Taxation Suggested Answers PaperSolution

Group – II

5. Advanced Accounting Mock Test Papers May 2017

S.No

Subject

Download

1

Advanced Accounting PaperQuestion Paper

2

Advanced Accounting Suggested Answers PaperSolution

6. Auditing And Assurance Mock Test Papers May 2017

S.No

Subject

Download

1

Auditing And Assurance PaperQuestion Paper

2

Auditing And Assurance Suggested Answers PaperSolution

7. Information Technology And Strategic Management Mock Test Papers May 2017

S.No

Subject

Download

1

Information Technology And Strategic Management PaperQuestion Paper

2

Information Technology And Strategic Management Suggested Answers PaperSolution

 

ICAI Syllabus New Course

ICAI Syllabus New Course

ICAI has provided the New course syllabus for CA Exams. We are providing the full syllabus for the new course for CA Final subjects. This will help students to study their course in a proper way. We have also written an article providing tips to score good marks in exams. You can view this article in this link- Click Here

Learn:

There are 8 papers in CA Final Exams, which are further divided into 2 groups. Group 1 contains 4 papers-

Paper 1- Financial Reporting

Paper 2- Strategic Financial Reporting

Paper 3- Advanced Auditing & Professional Ethics

Paper 4-Corporate & Economic laws

Group 2 consists of 4 paper-

Paper 5- Strategic Cost Management & Performance Evaluation

Paper 6A- Risk Management

Paper 6B- Financial Services & Capital Markets

Paper 6C-International Taxation

Paper 6D- Economic Laws

Paper 7- Direct tax laws

Paper 8- Indirect Tax laws

PAPER – 1: FINANCIAL REPORTING

(One paper – Three hours – 100 Marks)

 Contents:

  1. Application of Existing Accounting Standards 15, 21, 23, 25, 27 and 28. (The students will also be required to apply other Accounting Standards if applicable in any of the questions).
  2. Application of Guidance Notes issued by ICAI on specified accounting aspects.
  3. Framework for Preparation and Presentation of Financial Statements in accordance with Indian Accounting Standards (Ind AS).
  4. Application of Indian Accounting Standards (Ind AS) with reference to General Purpose Financial Statements
  5. Consolidated and Separate Financial Statements (as per Ind AS)
  6. Application of Industry specific and Transaction Specific Indian Accounting Standards (other than Business Combination, Financial Instruments and Share Based Payment)
  7. Business Combinations and Accounting for Corporate Restructuring (including demerger)(as per Ind AS)
  1. Accounting and Reporting of Financial Instruments (as per Ind AS)
  2. Accounting for Share Based Payment (as per Ind AS)
  3. Analysis of Financial Statements

Common defects in financial statements of corporate entities

  1. Accounting for Carbon Credits
  2. Accounting for E-commerce
  3. Emerging trends in Reporting

(i) Integrated Reporting

(ii) Corporate Social Responsibility Reporting

(iii) Human Resource Reporting

(iv) Value Added Statement

Notes:

  1. If either a new Indian Accounting Standard (Ind AS) or Accounting Standard (AS) or Announcements and Limited Revisions to Ind AS / AS are issued or the earlier one are withdrawn or new Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS are issued in place of existing Ind AS / AS, Announcements and Limited Revisions to Ind AS / AS, the syllabus will accordingly include / exclude such new developments in the place of the existing ones with effect from the date to be notified by the Institute.
  2. The specific inclusions/exclusions in any topic covered in the syllabus will be effected every year by way of Study Guidelines. The list of Guidance Notes in Accounting and significant Expert Advisory Opinions, wherever applicable, will also form part of the Study Guidelines.

 PAPER – 2 : STRATEGIC FINANCIAL MANAGEMENT

(One paper – Three hours – 100 marks)

Contents:

  1. Financial Policy and Corporate Strategy

(i) Strategic decision making framework

(ii) Interface of Financial Policy and strategic management

(iii) Balancing financial goals vis-à-vis sustainable growth.

  1. Indian Financial System

(i) Introduction to Financial Market

(ii) Role of Financial Market in Economic Development

  1. Risk Management

(i) Identification of types of Risk faced by an organisation

(ii) Evaluation of Financial Risks

(iii) Value at Risk (VAR)

(iv) Evaluation of appropriate method for the identification and management of

financial risk.

  1. Security Analysis

(i) Fundamental Analysis

(ii) Technical Analysis

  1. a) Meaning
  2. b) Assumptions
  3. c) Theories and Principles
  4. d) Charting Techniques
  5. e) Efficient Market Hypothesis (EMH) Analysis
  6. Security Valuation

(i) Theory of Valuation

(ii) Return Concepts

(iii) Equity Risk Premium

(iv) Required Return on Equity

(v) Discount Rate Selection in Relation to Cash Flows

(vi) Approaches to Valuation of Equity Shares

(vii) Valuation of Preference Shares

(viii) Valuation of Debentures/ Bonds

  1. Portfolio Management

(i) Portfolio Analysis

(ii) Portfolio Selection

(iii) Capital Market Theory

(iv) Portfolio Revision

(v) Portfolio Evaluation

(vi) Asset Allocation

(vii) Fixed Income Portfolio

(viii) Risk Analysis of Investment in Distressed Securities

(ix) Alternative Investment Strategies in context of Portfolio Management

  1. Securitization

(i) Introduction

(ii) Concept and Definition

(iii) Benefits of Securitization

(iv) Participants in Securitization

(v) Mechanism of Securitization

(vi) Problems in Securitization

(vii) Securitization Instruments

(viii) Pricing of Securitization Instruments

(ix) Securitization in India

  1. Mutual Fund

(i) Meaning

(ii) Evolution

(iii) Types

(iv) Advantages and Disadvantages of Mutual Funds

  1. Derivatives Analysis and Valuation

(i) Forward/ Future Contract

(ii) Options

(iii) Swaps

(iv) Commodity Derivatives

  1. Foreign Exchange Exposure and Risk Management

(i) Exchange rate determination

(ii) Foreign currency market

(iii) Management of transaction, translation and economic exposures

(iv) Hedging currency risk

(v) Foreign exchange derivatives – Forward, futures, options and swaps

  1. International Financial Management

(i) International Capital Budgeting

(ii) International Working Capital Management

  1. a) Multinational Cash Management

– Objectives of Effective Cash Management

– Optimization of Cash Flows/ Needs

– Investment of Surplus Cash

  1. b) Multinational Receivable Management
  2. c) Multinational Inventory Management
  3. Interest Rate Risk Management

(i) Interest Rate Risk

(ii) Hedging Interest Rate Risk

  1. a) Traditional Methods
  2. b) Modern Methods including Interest Rate Derivatives
  3. Corporate Valuation

(i) Conceptual Framework of Valuation

(ii) Approaches/ Methods of Valuation

  1. a) Assets Based Valuation Model
  2. b) Earning Based Models
  3. c) Cash Flow Based Models
  4. d) Measuring Cost of Equity

– Capital Asset Pricing Model (CAPM)

– Arbitrage Pricing Theory

– Estimating Beta of an unlisted company

  1. e) Relative Valuation

– Steps involved in Relative Valuation

– Equity Valuation Multiples

– Enterprise Valuation Multiple

  1. f) Other Approaches to Value Measurement

– Economic Value Added (EVA)

– Market Value Added (MVA)

– Shareholder Value Analysis (SVA)

  1. g) Arriving at Fair Value
  2. Mergers, Acquisitions and Corporate Restructuring

(i) Conceptual Framework

(ii) Rationale

(iii) Forms

(iv) Mergers and Acquisitions

  1. a) Financial Framework
  2. b) Takeover Defensive Tactics
  3. c) Reverse Merger

(v) Divestitures

  1. a) Partial Sell off
  2. b) Demerger
  3. c) Equity Carve outs

(vi) Ownership Restructuring

  1. a) Going Private
  2. b) Management/ Leveraged Buyouts

(vii) Cross Border Mergers

  1. International Financial Centre (IFC)

(i) Constituents of IFC

(ii) Islamic Finance

  1. a) Major difference between Islamic Finance and other forms of Finance
  2. b) Concept of Riba
  3. c) Major Islamic Financial Instruments
  4. Startup Finance

(i) Introduction including Pitch Presentation

(ii) Sources of Funding

(iii) Start up India Initiative

  1. Small & Medium Enterprises

(i) Introduction: Market Size, Employment Generation and Contribution to GDP

(ii) Financing: Expansion of SMEs

(iii) Listing SMEs

 PAPER – 3 : ADVANCED AUDITING AND PROFESSIONAL ETHICS

(One paper – Three hours – 100 marks)

Contents:

  1. Auditing Standards, Statements and Guidance Notes: Engagement & Quality Control Standards, Statements and Guidance Notes on Auditing issued by the ICAI; Elements of system of quality control, leadership responsibilities for quality within the firm, Acceptance and Continuance of clients relationships and specific engagements, Engagement Performances, etc. (SQC 1 Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information and Other Assurance and Related Services Engagements).
  2. Audit Planning, Strategy and Execution: Planning the flow of audit work; audit strategy, audit plan, audit programme and importance of supervision; principal’s ultimate responsibility; extent of delegation; control over quality of audit work; Analytical Procedures prior to audit as well as towards finalization; Concept of Principal Auditor and

Other Auditor, Acceptance as Principal Auditor, Procedures to be performed by Principal Auditor, Co-ordination between the Principal Auditor and Other Auditor (SA 600 Using the Work of Another Auditor); Concept of Internal Audit Functions and its evaluation,Using the work of the internal audit function, Using internal auditors to provide direct assistance (SA 610 Using the Work of Internal Auditors); Auditor’s Expert – Meaning, Need for an Auditor’s Expert, Understanding the Auditor’s Expert, Agreement with the Auditor’s Expert, Adequacy of the Auditor’s Expert’s Work (SA 620 Using the Work of an Auditor’s Expert).

  1. Risk Assessment and Internal Control: Evaluation of internal control procedures; Components of internal controls; Internal control and risk assessment; Risk-based audit-audit risk analysis, general steps; Internal audit; Reporting on internal control weaknesses (SA 265 Communicating Deficiencies in Internal Control to Those Charged

With Governance and Management); Framework on Reporting of Internal Controls.

  1. Special aspects of Auditing in an Automated Environment: Key features of automated environment, related risks and controls, Standards, Guidelines and procedures, using relevant frameworks and best practices, understanding and documenting automated environment, Enterprise Risk management overview, assessing

IT-related risks and controls, evaluating risks and controls at entity level and process level, Considerations of automated environment at each phase of audit cycle, using relevant analytical procedures and tests using data analytics, key concepts of auditing in real-time automated environments such as E-Commerce, ERP, Core Banking, etc..

  1. Audit of Limited Companies: Application of Relevant Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder; Powers/rights, duties of auditors; Branch Audit; significance of true and fair view; Dividends and divisible profits- financial, legal, and policy considerations; depreciation; Special features of audit

of Limited Liability Partnerships (LLPs)- Eligibility for audit, appointment of auditor, remuneration, etc. Audit report under the Companies Act, 2013; Reporting under CARO.

  1. Audit Reports: Basic elements of auditor’s report; Types of opinion; Notes on accounts; Distinction between notes and qualifications; Distinction between audit reports andcertificates; Communication to Management and those charged with Governance; Self Review threats; Drafting of different types of Audit Reports.
  2. Audit Reports & Certificates for Special Purpose Engagement: Reporting on Agreed Upon Procedure, Review Reports, Special Purpose Reports (SA 800 Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Framework; SA 805 Special Considerations-Audits of Single Purpose Financial

Statements and Specific Elements, Accounts or Items of a Financial Statement; SA 810 Engagements to Report on Summary Financial Statements); Guidance Note on Audit Reports and Certificates for Special Purposes including Scope of special purpose reports and certificates; Responsibility for preparation of special purpose statements, Scope of the reporting auditor’s functions, Contents of such reports and certificates, Reports and certificates on specific items of financial statements, Communication of report or certificate.

 

  1. Audit Committee and Corporate Governance: Audit committee; Role of auditor in Audit Committee and Certification of Compliance of Corporate Governance; Compliances with Laws and Regulations (SA 250 Consideration of Laws and Regulations in an Audit of Financial Statements); Disclosure requirements including those of SEBI; Regulatory requirements of Corporate Governance, Report on Corporate Governance.
  2. Audit of Consolidated Financial Statements: Provisions under the Companies Act, 2013 in respect of Accounts of Companies and Rules made thereunder; Audit of Consolidated Financial Statements- responsibility of parent company, auditor of the consolidated financial statements; audit considerations- permanent consolidation, currentperiod consolidation; reporting.
  1. Special features of audit of Banks, Insurance & Non Banking Financial Companies,
  2. Audit under Fiscal Laws: Audit under Fiscal Laws, viz, Direct and Indirect Tax Laws including documentation for Form 3CD etc.
  3. Special Audit Assignments: Special audit assignments like audit of members of stock exchange, mutual funds, depositories, bank borrowers; Environmental audit; Energy audit; Audit of Stock and Debtors (Unit Inspections).
  4. Audit of Public Sector Undertakings: Special features, Directions of Comptroller and Auditor General of India; Concept of propriety audit; Performance audit; Comprehensive audit.
  5. Liabilities of Auditors: Professional negligence; Civil liabilities; Criminal liabilities; Liabilities under different statutes – for example Income Tax Act, Companies Act.
  6. Internal Audit, Management and Operational Audit: Provisions of internal audit as per Companies Act, 2013; Scope of internal auditing; Relationship between internal and external auditor; Basics of Internal Audit Standards issued by the ICAI; Drafting of Internal Audit Report; Management audit and Operational audit.
  7. Due Diligence, Investigation and Forensic Audit: Due Diligence Review; Audit versus Investigation; Steps for investigation; Types of investigation; procedure, powers, etc. of investigator; Types of Fraud, indicators of fraud, follow-up thereof; Forensic auditmeaning, difference between statutory audit and forensic audit, forensic audit techniques, forensic audit report etc.
  8. Peer Review and Quality Review
  9. Professional Ethics: Code of Ethics with special reference to the relevant provisions of the Chartered Accountants Act, 1949 and the Regulations thereunder.

Note:

(i) The specific inclusions/exclusions, in any topic covered in the syllabus, will be effected every year by way of Study Guidelines.

(ii) The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

(iii) If new legislations/ Engagement and Quality Control Standards /Guidance Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. The changes in this regard would also form part of Study Guidelines.

 PAPER – 4: CORPORATE AND ECONOMIC LAWS

(One paper – Three hours – 100 marks)

PART – I: CORPORATE LAWS (70 Marks)

SECTION A: COMPANY LAW

Contents:

  1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to section 149 onwards:

(i) Appointment and Qualifications of Directors

(ii) Appointment and remuneration of Managerial Personnel

(iii) Meetings of Board and its powers

(iv) Inspection, inquiry and Investigation

(v) Compromises, Arrangements and Amalgamations

(vi) Prevention of Oppression and Mismanagement

(vii) Winding Up

(viii) Producer Companies

(ix) Companies incorporated outside India

(x) Miscellaneous Provisions

(xi) Compounding of offences, Adjudication, Special Courts

(xii) National Company Law Tribunal and Appellate Tribunal

  1. Corporate Secretarial Practice–Drafting of Notices, Resolutions, Minutes and Reports

Note: The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

 SECTION B: SECURITIES LAWS

  1. The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957: Introduction and important provisions
  2. The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

 PART II: ECONOMIC LAWS (30 MARKS)

Contents:

  1. The Foreign Exchange Management Act, 1999: -Introduction, broad structure of FEMA, Definition, Regulation and Management of Foreign Exchange, Contraventions and Penalties in brief, miscellaneous provisions
  2. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002– Important Definitions, Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions, Enforcement of Security Interest, Offences and Penalties, Miscellaneous Matters
  3. The Prevention of Money Laundering Act, 2002– Definitions, Punishment for the Offence of Money laundering, Obligation of Banking Companies, Financial Institutions and Intermediaries or a person carrying on a designated business or profession, Appellate Tribunal, Special Court, Procedure for Attachment and Confiscation of Propertyand Recovery of fines and penalties.
  1. Foreign Contribution Regulation Act, 2010 – Definitions, Regulation of Foreign contribution and miscellaneous provisions
  2. The Arbitration and Conciliation Act, 1996– General Provisions, Arbitration agreement, Tribunal, Conciliation
  3. The Insolvency and Bankruptcy Code, 2016– Preliminary, Corporate insolvency resolution process, Liquidation process and other provisions

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines, if required.

PAPER – 5 : STRATEGIC COST MANAGEMENT AND PERFORMANCE EVALUATION

 

(One Paper- Three hours- 100 Marks)

 PARTA

STRATEGIC COST MANAGEMENT AND DECISION MAKING

Sub PartI

Strategic Cost Management

  1. Introduction to Strategic Cost Management

(i) Concept of Strategic Cost Management

(ii) Limitations of Traditional Cost Management

(iii) Traditional vs. Strategic Cost Management

  1. Modern Business Environment

(i) Introduction/ Characteristics of the Modern Business Environment

(ii) Cost of Quality, Total Quality Management, Business Excellence Model

(iii) Throughput Accounting and Theory of Constraints

(iv) Supply Chain Management (SCM)

(v) Gain Sharing Arrangements

(vi) Outsourcing

  1. Lean System and Innovation

(i) Introduction to Lean System

  1. a) Just-in-Time (JIT)
  2. b) Kaizen Costing
  3. c) 5 Ss
  4. d) Total Productive Maintenance (TPM)
  5. e) Cellular Manufacturing/ One-Piece Flow Production Systems
  6. f) Six Sigma (SS)

(ii) Introduction to Process Innovation and Business Process Re-engineering (BPR)

  1. Cost Management Techniques

(i) Cost Control/ Waste Control, Cost Reduction

(ii) Target Costing

(iii) Value Analysis/ Value Engineering

(iv) Pareto Analysis

(v) Life Cycle Costing

(vi) Environmental Management Accounting

  1. Cost Management for Specific Sectors

(i) Agricultural Sector

(ii) Information Technology Sector

(iii) Power Sector

Sub PartII

Strategic Decision Making

  1. Decision Making

(i) Decision Making using CVP Analysis

(ii) Decision Making using Relevant Cost Concepts

(iii) Decision Making using Activity Based Costing

(iv) Ethical and Non-Financial Considerations Relevant to Decision Making

  1. Pricing Strategies/ Decisions

(i) Theory & Principles of Product Pricing

(ii) Pricing – New Product, Finished Products & Pricing of Services

(iii) Sensitivity Analysis in Pricing Decisions

(iv) Pricing Decision under Special Circumstances

(v) Pricing Strategies

 PARTB

PERFORMANCE EVALUATION AND CONTROL

Sub PartI

Performance Evaluation and Reporting

  1. Performance Measurement and Evaluation

(i) Responsibility Accounting

(ii) Linking Critical Success Factors (CSFs) to Key Performance Indicators (KPIs) and Corporate Strategy; Performance Measurement Models‒The Balanced Scorecard, The Performance Pyramid, The Performance Prism and The Building Block Model; Divisional Performance Measures; Benchmarking Schemes

(iii) Performance Measurement in the Not-for-Profit Sector

(iv) Preparation of Performance Reports

  1. Divisional Transfer Pricing

(i) Meaning, Purpose and Principles of Transfer Pricing

(ii) Methods of Transfer Pricing

(iii) The Behavioural Consequences arising from Divisional Structures

(iv) International Transfer Pricing

  1. Strategic Analysis of Operating Income

(i) Operating Profit Analysis

(ii) Advanced Activity Based Costing, Activity Based Management (ABM), Activity

Based Budgeting (ABB)

 Sub PartII

Managerial Control

  1. Budgetary Control

(i) The Concept of Feedback and Feed Forward Control

(ii) Behavioural Aspects of Budgeting – Imposed Style, Participative Budget

(iii) Behavioural Aspects of Budgetary Control

(iv) Beyond Budgeting

  1. Standard Costing

(i) Analysis of Advanced Variances

(ii) Integration of Standard Costing with Marginal Cost Accounting

(iii) Reconciliation of Profit

(iv) Variance Investigation Techniques, Interpretation of Variances, Possible Interdependence Between Variances and Reporting

(v) Behavioural Aspects of Standard Costing, Limitation of Standard Costing (including its use in the contemporary business environment)

PART C

CASE STUDY

  1. Case Study (covering Course Concepts)

General Note:

Applications of the following Quantitative Techniques are required to be studied for linkage to the course concept:

(a) Linear Programming

(b) Learning Curve/Experience Curve

 PAPER – 6A : RISK MANAGEMENT

(One paper – Four hours – 100 Marks)

  1. Introduction to risk

(i) The Concept of Risk

(ii) Risk and Uncertainty: Distinction

(iii) Classification of Risks

(iv) Dynamic Nature of Risks

(v) Types of Risk, including

  1. a) Strategic and Operational Risks
  2. b) Business Risk
  3. c) Financial Risk
  4. d) Information Risk
  5. e) Liquidity Risk
  6. Source and evaluation of risks

(i) Identification and Sources of Risk

(ii) Quantification of Risk and various methodologies

(iii) Impact of Business Risk

(iv) Identify and assess the impact upon the stakeholder involved in Business Risk

(v) Role of Risk Manager and Risk Committee in identifying Risk

  1. Risk management

(i) The concept of Risk Management

(ii) Objective and Process of Risk Management

(iii) Importance of Risk Management

(iv) Risk Management techniques

  1. Quantitative analysis

(i) Population and Sample Analysis

(ii) Bayesian analysis

(iii) Statistical inference and hypothesis testing

(iv) EWMA and GACH Model

(v) Volatility

(vi) Artificial Intelligence and Business Analytics

  1. Risk model

(i) VAR

(ii) Stress Testing

(iii) Scenario Analysis

(iv) Country and Sovereign Risk Models and Management

  1. Credit risk measurement and management

(i) Understanding the component of credit risk

(ii) Evaluating credit risk

(iii) Mitigating Credit risk

(iv) Qualitative and Quantitative techniques to manage risk

(v) Credit scoring models

  1. Risk associated with corporate governance

(i) Evaluation of Risk Associated with Governance

(ii) Description and evaluation of framework for Board level consideration of risk

(iii) OECD Guidelines for Corporate Governance

  1. Enterprise Risk Management

Definition, Scope and Techniques

  1. Operational Risk Management

Definition, Scope and Techniques

 PAPER – 6 B: FINANCIAL SERVICES AND CAPITAL MARKETS

(One paper – Four hours – 100 Marks)

Contents:

  1. Global Financial Markets

(i) Introduction to Global Financial Market

(ii) Role of Financial Market in Economic Development of a country

(iii) Stakeholders in Financial Market (Domestic and Global)

(iv) Indian Financial Market scenario

  1. Impact of various Policies of Financial Markets

(i) Credit Policy of RBI

(ii) Fed Policy

(iii) Inflation Index, CPI, WPI, etc.

  1. Capital Market – Primary

(i) New Issue Market – Domestic and Global

(ii) Private Placement, QIP, Disinvestment

(iii) Right Issue

  1. Capital Market – Secondary

(i) Secondary Market

(ii) Stock Market Operations

(iii) Indian Debt Market

  1. Money Market

(i) Basics of Money Market

(ii) Money Market Participants

(iii) Money Market Instruments

(iv) Repo and Reverse Repo

(v) CRR, SLR

(vi) MIBOR, LIBOR

(vii) Government Securities Market

  1. Institutions and Intermediaries

(i) Depository

(ii) Stock and Commodity Exchanges – Indian and Global

(iii) Intermediaries

(iv) Institutional Investors

(v) FPIs

(vi) Custodians

(vii) Clearing Houses

  1. Commodity Market

(i) What are Commodity Markets

(ii) Role of Commodity Markets

(iii) Commodity Market in India

(iv) Application of Derivative in Commodities

(v) Global Commodities Exchanges

8A. Banking – Management

(i) Capital Adequacy including RBI & Basel Norms

(ii) Asset Reconstruction

(iii) Asset –Liability Management (ALM)

8B. Banking as source of Capital including NBFCs

(i) Concept of Project Financing

(ii) Working Capital Management

(iii) Reverse Mortgage

  1. Mutual Funds

(i) Meaning

(ii) Evolution

(iii) Types

(iv) Performance Measures, NAV

(v) Mutual Fund Organisation

(vi) Advantages and Disadvantages of Mutual Fund

(vii) Exchange Traded Funds (ETFs)

(viii) Real Estate Investment Trusts (ReITs)

(ix) Infrastructure Investment Trusts (Invits)

  1. Private Equity

(i) Meaning and Classification

  1. a) Venture Capital
  2. b) Buyouts
  3. c) Special Cases
  4. d) Hurdle rate
  5. e) Paid in Capital
  6. f) Term Sheet

– Cost of Investing in Private Equity

– Exit Routes

– Valuation of Private Equity Transactions

– Private Equity Funds (Distribution of returns in General Partner and

Limited Partners)

  1. Investment Banking

(i) Concept

(ii) Functions

(iii) Challenges

(iv) Developments in Investment Banking

(v) Merchant Banking and issue management

  1. Credit Rating

(i) Introduction

(ii) Rating Services

(iii) Objectives and types

(iv) Uses

(v) Credit Rating Process

(vi) Credit Rating Methodology

(vii) Rating Revisions

(viii) Credit Rating Agencies in India and abroad

(ix) Limitations with case studies

  1. Treasury Operations

(i) Raising and Deployment of Funds

(ii) Risk Management

  1. Risk Management

(i) Preventive Controls

(ii) Early Signals

(iii) Credit Risk

  1. Credit Derivatives

(i) Credit Default Swaps

(ii) Collateralized Debt Obligations (CDO)

(iii) Pricing of Credit Derivative Instruments

  1. SEBI Guidelines

 PAPER – 6 C: INTERNATIONAL TAXATION

(One paper – Four hours – 100 Marks)

Content:

Part I – Taxation of International Transactions and Non-resident

Taxation in India

  1. Transfer Pricing provisions under the Income-tax Act, 1961, including –

(i) Arm’s Length Price

(ii) International Transactions

(iii) Most Appropriate Method

(iv) Functions, Assets and Risk Analysis

(v) Documentation & Compliances

(vi) Specific Reporting Regime in respect of Country by Country reporting and

master file

(vii) Advance Pricing Agreements

2 Other Provisions relating to taxation of international transactions and nonresident

taxation under the Income-tax Act, 1961

(i) Non-resident Taxation (including Source Rule of Taxation)

(ii) Double Taxation Relief

(iii) Advance Rulings

  1. Law and Procedures under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 – An Overview.

Part II – Other aspects of International Taxation

  1. Overview of Model Tax Conventions

(i) OECD Model Tax Convention

(ii) UN Model Tax Convention

(iii) US Model Tax Convention

  1. Tax treaties, Application and Interpretation

(i) Features of Tax treaties

(ii) Overview of Tax Information Exchange Agreements

(iii) Commentaries and their importance

(iv) Role of Vienna Convention in application and interpretation of tax treaties

  1. Anti-Avoidance Measures

(i) Controlled Foreign Corporations

(ii) Base Erosion and Profit Shifting

(iii) Other Anti Avoidance Measures

  1. Taxation of E-Commerce Transactions

(i) Introduction

(ii) Emerging issues

(iii) Equalisation levy

 Note – If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s)on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s)with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in any topic covered in the syllabus will be effected by way of Study Guideline every year if required. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance Act.

 PAPER – 6 D: ECONOMIC LAWS

(One paper – Four hours – 100 Marks)

Contents:

  1. World Trade Organization (WTO) covering its Role, Principles, Functions and Dispute Settlement Mechanism
  2. Competition Act, 2002 and Rules/ Regulations
  3. Real Estate (Regulation and Development) Act, 2016 [Central Act and Rules/Regulations]
  1. Insolvency and Bankruptcy Code, 2016 and Rules/ Regulations
  2. Prevention of Money Laundering Act, 2002 and Rules/ Regulations
  3. Foreign Exchange Management Act, 1999 and Rules/ Regulations
  4. Prohibition of Benami Property Transactions Act, 1988 and Rules/ Regulations

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute.

The specific inclusions/exclusions in the various topics covered in the syllabus will be effected every year by way of Study Guidelines if required.

PAPER – 6 E: GLOBAL FINANCIAL REPORTING STANDARDS

(One paper – Four hours – 100 Marks)

Content:

  1. Conceptual Framework for Financial Reporting as per IFRS
  2. Application of International Financial Reporting Standards
  3. Significant differences between IFRS and US GAAPs

 PAPER – 6 F: MULTIDISCIPLINARY CASE STUDY

(One paper – Four hours – 100 Marks)

Coverage:

This paper will include Case Studies covering the following areas:

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

 PAPER – 7: DIRECT TAX LAWS AND INTERNATIONAL TAXATION

(One paper ─ Three hours –100 Marks)

Part I: Direct Tax Laws (70 Marks)

Contents:

Law and Procedures under the Income-tax Act, 1961,

  1. Basis of charge, residential status, income which do not form part of total income, heads of income, income of other persons included in assessee’s total income, aggregation of income, set-off and carry forward of losses, deductions from gross total income, rebates, and reliefs
  2. Special provisions relating to companies and certain persons other than a company1
  3. Provisions relating to charitable and religious trust and institutions, political parties and electoral trusts
  4. Tax Planning, Tax Avoidance & Tax Evasion
  5. Collection & Recovery of Tax, Refunds
  6. Income-tax Authorities, Procedure for assessment, Appeals and Revision
  7. Settlement of Tax Cases, Penalties, Offences & Prosecution
  8. Liability in Special Cases2
  9. Miscellaneous Provisions and Other Provisions3

1 Including firms, LLPs, Trusts, AOPs, BOIs, Securitsation Trusts, Business Trusts, Investment

Fund etc.

2 Representative assessees, Executors etc.

3 The entire income-tax law is included at the Final level. Any residuary provision under the

Income-tax Act, 1961, not covered under any of the above specific provisions or under Part II:

International Taxation would be covered under “Other Provisions”. Further, if any new Chapter is

included in the Income-tax Act, 1961, the syllabus will accordingly include the provisions relating

thereto.

 Part II: International Taxation (30 Marks)

Objective:

To develop an understanding of the concepts, principles and provisions of International Taxation and acquire the ability to apply such knowledge to make computations and to address application-oriented issues.

Contents:

  1. Taxation of international transactions and Non-resident taxation

(i) The provisions under the Income-tax Act, 1961, including

  1. a) Specific provisions relating to Non-residents
  2. b) Double Taxation Relief
  3. c) Transfer Pricing & Other Anti-Avoidance Measures
  4. d) Advance Rulings

(ii) Equalisation levy

  1. Overview of Model Tax Conventions – OECD & UN
  2. Application and interpretation of Tax Treaties
  3. Fundamentals of Base Erosion and Profit Shifting

Note: If any new legislation(s) are enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in the place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation(s)on direct tax laws ceases to be in force, the syllabus will accordingly exclude such legislation(s)with effect from the date to be notified by the Institute. Further, the specific inclusions/exclusions in any topic covered in the syllabus will be effected by way of Study Guidelines every year, if required. Specific inclusions/exclusions in a topic may also arise due to additions/deletions made every year by the Annual Finance Act.

PAPER 8: INDIRECT TAX LAWS

(One paper – Three hours – 100 Marks)

Part-I: Goods and Services Tax (75 Marks)

Contents:

  1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017

(i) Constitutional aspects

(ii) Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy

(iii) Place of supply

(iv) Time and Value of supply

(v) Input tax credit

(vi) Computation of GST liability

(vii) Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic waybill, accounts and records, returns, payment of tax including reverse charge, refund, job work

(viii) Provisions relating to electronic commerce

(ix) Liability to pay in certain cases

(x) Administration of GST; Assessment and Audit

(xi) Inspection, Search, Seizure, and Arrest

(xii) Demand and Recovery

(xiii) Offences and Penalties

(xiv) Advance Ruling

(xv) Appeals and Revision

(xvi) Other provisions1

Part-II: Customs & FTP (25 Marks)

Contents:

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975

(i) Introduction to customs law including Constitutional aspects

(ii) Levy of and exemptions from customs duties – All provisions including an application of customs law, taxable event, charge of customs duty, exceptions to a levy of customs duty, exemption from custom duty

(iii) Types of customs duties

(iv) Classification and valuation of imported and export goods

(v) Officers of Customs; Appointment of customs ports, airports etc.

(vi) Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores

(vii) Provisions relating to coastal goods and vessels carrying coastal goods

(viii) Warehousing

(ix) Drawback

1 The entire CGST and IGST laws are included in the syllabus at the Final level. Any residuary provision under the CGST Act, 2017 and IGST Act, 2017, not covered under any of the above specific provisions, would be covered under “Other provisions”. Further, if any new Chapter is included in the CGST Act, 2017 and IGST Act, 2017, the syllabus will accordingly include the provisions relating thereto.

(x) Demand and Recovery; Refund

(xi) Provisions relating to prohibited goods, notified goods, specified goods, illegal

importation/exportation of goods

(xii) Searches, seizure, and arrest; Offences; Penalties; Confiscation and Prosecution

(xiii) Appeals and Revision; Advance Rulings; Settlement Commission

(xiv) Other provisions2

 

  1. Foreign Trade Policy to the extent relevant to the indirect tax laws

(i) Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions

(ii) Basic concepts relating to import and export of goods

(iii) Basic concepts relating to export promotion schemes provided under FTP

Note – If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST Law.

Further, the specific inclusions/exclusions in any topic covered in the syllabus will be affected every year by way of Study Guidelines, if required.

2 The entire customs law is included in the syllabus at the Final level. Any residuary provision under the Customs Act, 1962 or Customs Tariff Act, 1975, not covered under any of the above specific provisions, would be covered under “Other Provisions”. Further, if any new Chapter is included in the Customs Act, 1962 or Customs Tariff Act, 1975, the syllabus will accordingly include the provisions relating thereto

Download ICAI Syallbus

ICAI Syllabus Old Course

ICAI Syllabus OLD Course

[Syllabus specified by the Council under Regulation 31 (ii) of the Chartered Accountants Regulations, 1988]

Curriculum for Final Course

Group I

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Allied Laws (100 Marks)

Section A: Company Law (70 Marks)

Section B: Allied Laws (30 Marks)

Group II

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Information Systems Control and Audit (100 Marks)

Paper 7: Direct Tax Laws (100 Marks)

Paper 8: Indirect Tax Laws (100 Marks)

Part-I: Goods and Services Tax (75 Marks)

Part-II: Customs & Foreign Trade Policy (25 Marks)

 GROUP – I

PAPER 1: FINANCIAL REPORTING

(One paper – Three hours – 100 marks)

Level of Knowledge: Advanced knowledge

Contents:

  1. Accounting Standards and Guidance Notes on various accounting aspects issued by the ICAI and

their applications.

  1. Introduction of Indian Accounting Standards (Ind AS); Comparative study of ASs vis-a-vis Ind

ASs; Carve outs/ins in Ind ASs vis-à-vis International Financial Reporting Standards (IFRSs).

  1. Corporate Financial Reporting – Issues and problems with special reference to published financial

statements.

  1. Accounting for Corporate Restructuring (including inter-company holdings).
  2. Consolidated Financial Statements of Group Companies Concept of a Group, purposes of consolidated financial statements, minority interest, Goodwill, Consolidation procedures – Minority interests, Goodwill, Treatment of pre-acquisition and post-acquisition profit. Consolidation with two or more subsidiaries, consolidation with foreign subsidiaries.

Consolidated profit and loss account, balance sheet and cash flow statement. Treatment of investment in associates in consolidated financial statements.Treatment of investments in joint ventures in consolidated financial statements.

  1. Accounting and reporting of financial instruments Meaning, recognition, derecognition and offset, compound financial instruments Measurement of financial instruments Hedge accounting Disclosures
  2. Share-based payments Meaning, Equity-settled transactions, Transaction with employees and non- employees

Determination of fair value of equity instruments Vesting conditions Modification, cancellation and settlement Disclosures

  1. Financial Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries.
  1. Valuation

(a) Concept of Valuation

(b) Valuation of Tangible Fixed Assets

(c) Valuation of Intangibles including brand valuation and valuation of goodwill

(d) Valuation of liabilities

(e) Valuation of Shares

(f) Valuation of Business

  1. Developments in Financial Reporting

(a) Value Added Statement

(b) Economic Value Added, Market Value Added, Shareholders’ Value Added

(c) Human Resource Reporting

Note– If either old Accounting Standards (ASs), Guidance Notes (GNs), Announcements and Limited Revisions to ASs are withdrawn or new ASs, GNs, Announcements, and Limited Revisions to AS are issued by the Institute of Chartered Accountants of India in place of existing ASs, GNs, Announcements and Limited Revisions to AS, the syllabus will accordingly exclude / include such new developments in the place of the existing ones with effect from the date to be notified by the Institute.

PAPER 2: STRATEGIC FINANCIAL MANAGEMENT

(One paper – Three hours – 100 marks)

Level of Knowledge: Advanced knowledge

Contents:

  1. Financial Policy and Corporate Strategy

Strategic decision-making framework

Interface of Financial Policy and strategic management

Balancing financial goals vis-à-vis sustainable growth.

  1. Project Planning and Capital Budgeting

Feasibility study

Cash flow Projections – Impact of taxation, depreciation, inflation and working capital

Capital Budgeting Decisions – Certainty Equivalent approach, Evaluation of Risky InvestmentProposals, Risk and Return analysis, Simulation and decision tree analysis, Sensitivity analysis Capital Rationing, Adjusted Net Present Value, Replacement decisions, Application of Real Options in capital budgeting, Impact of inflation on capital budgeting decisions

Preparation of Project Report Social cost-benefit analysis.

  1. Leasing decision including cross-border leasing
  2. Dividend Decisions

Dividend theories, Determinants of dividend policies.

  1. (a) Indian Capital Market including role of various primary and secondary market

institutions

(b) Capital Market Instruments

Financial derivatives – stock futures, stock options, index futures, index options Option valuation techniques: Binomial model, Black Scholes Option Pricing Model, Greeks – Delta, Gamma, Theta, Rho and Vega Pricing of Futures – Cost of carry model Embedded derivatives

(c) Commodity derivatives

(d) OTC derivatives -Swaps, Swaptions, Forward Rate Agreements (FRAs), Caps, Floors, and Collors.

  1. Security Analysis

Fundamental analysis – Economic analysis, Industry analysis and Company Analysis Bond valuation, Price Yield relationship, Bond Price forecasting – application of duration and convexity, Yield curve strategies Technical Analysis – market cycle model and basic trend identification, different types of charting, support and resistance, price patterns, moving averages, Bollinger Bands, momentum analysis.

  1. Portfolio Theory and Asset Pricing

Efficient Market Theory – Random walk theory; Markowitz model of risk-return optimization

Capital Asset Pricing Model (CAPM)

Arbitrage Pricing Theory (APT)

Sharpe Index Model

Portfolio Management – Formulation, Monitoring, and Evaluation

Equity Style Management

Principles and Management of Hedge Funds

International Portfolio Management.

  1. Financial Services in India

Investment Banking Retail Banking

On-Line Share Trading

Depository Service.

  1. (a) Mutual Funds: Regulatory framework, formulation, monitoring and evaluation of various schemes of Mutual funds, Money market mutual funds.

(b) Exchange Traded Funds.

  1. Money Market operations
  2. (a) Foreign Direct Investment, Foreign Institutional Investment.

(b) International Financial Management

Raising of capital abroad – American Depository Receipts, Global Depository Receipts, External Commercial Borrowings and Foreign Currency Convertible Bonds International Capital Budgeting International Working Capital Management.

  1. Foreign Exchange Exposure and Risk Management

Exchange rate determination, Exchange rate forecasting

Foreign currency market

Foreign exchange derivatives – Forward, futures, options, and swaps

Management of transaction, translation and economic exposures

Hedging currency risk.

  1. Mergers, Acquisitions, and Restructuring

Meaning of mergers and acquisition, categories, purposes

Process of mergers and acquisition – Identification and valuation of the target, acquisition through negotiation, due diligence, post-merger integration

Legal and regulatory requirements

Merger and Acquisition agreement

Reverse merger

Potential adverse competitive effects of mergers

Corporate Takeovers: Motivations, Co-insurance effect, Cross-border takeovers, Forms of takeovers, Takeover Defenses

Going Private and Other Control Transactions: Leveraged Buyouts (LBOs), Management Buyouts (MBOs), Spin-Offs and Asset Divestitures

Corporate Restructuring: Refinancing and rescue financing, reorganizations of debtors and creditors, Sale of assets, targeted stock offerings, downsizing and layoff programmes, negotiated wage give-backs, employee buyouts.

 PAPER 3: ADVANCED AUDITING AND PROFESSIONAL ETHICS

(One Paper- Three hours – 100 marks)

Level of Knowledge: Advanced knowledge

Contents:

  1. Auditing Standards, Statements, and Guidance Notes

Auditing and Assurance Standards (AASs); Statements and Guidance Notes on Auditing issued by the ICAI; Significant differences between Auditing and Assurance Standards and International Standards on Auditing.

  1. Audit strategy, planning, and programming

Planning the flow of audit work; audit strategy, planning programme, and importance of supervision: review of audit notes and working papers; drafting of reports; principal’s ultimate responsibility; extent of delegation; control over quality of audit work; reliance on the work of other auditor, internal auditor or an expert.

  1. Risk Assessment and Internal Control

Evaluation of internal control procedures; techniques including a questionnaire, flowchart; internal audit and external audit, coordination between the two.

  1. Audit under computerized information system (CIS) environment

Special aspects of CIS Audit Environment, need for review of internal control especially procedure controls and facility controls. Approach to audit in CIS Environment, use of computers for internal and management audit purposes: audit tools, test packs, computerized audit programmes; Special Aspects in Audit of E-Commerce Transaction.

  1. Special audit techniques

(a) Selective verification; a statistical sampling: Special audit procedures; physical verification of assets, direct confirmation of debtors and creditors

(b) Analytical review procedures

(c) Risk-based auditing.

  1. Audit of limited companies

Relevant Provisions under the Companies Act, 2013 relating to Audit and Auditors and Rules made thereunder; Audit of branches: joint audits; Dividends and divisible profits – financial, legal, and policy considerations.

  1. Rights, duties, and liabilities of auditors; third party liability.
  2. Audit reports; Qualifications, notes on accounts, a distinction between notes and qualifications, detailed observations by the statutory auditor to the management vis-a-vis obligations of reporting to the members.
  1. Audit Committee and Corporate Governance
  2. Provisions under the Companies Act, 2013 in respect of Accounts of Companies and Rules made thereunder. Audit of Consolidated Financial Statements, Audit Reports and Certificates for Special Purpose engagements; Certificates under the Payment of Bonus Act, import/export control authorities, etc.; Specific services to non-audit clients; Certificate on Corporate Governance.
  3. Special features of audit of banks, insurance companies, co-operative societies and non-banking financial companies.
  4. Audit under Fiscal Laws, viz, Direct and Indirect Tax Laws.
  5. Cost audit
  6. Special audit assignments like audit of bank borrowers, audit of stock and commodity exchange intermediaries and depositories; inspection of special entities like banks, financial institutions, mutual funds, stock brokers.
  7. Special features in audit of public sector companies. Directions of Comptroller and Auditor General of India to statutory auditors; Concepts of propriety and efficiency audit.
  8. Internal audit, management and operational audit Nature and purpose, organisation, audit programme, behavioural problems; Internal Audit Standards issued by the ICAI; Specific areas of management and operational audit involving review of internal control, purchasing operations, manufacturing operations, selling and distribution, personnel policies, systems and procedures. Aspects relating to concurrent audit.
  9. Investigation and Due Diligence.
  10. Concept of peer review
  11. Salient features of Sarbanes – Oxley Act, 2002 with special reference to reporting on internal control.
  12. Professional Ethics

Code of Ethics with special reference to the relevant provisions of The Chartered Accountants Act, 1949 and the Regulations the reunder.

Note:

(i) The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

(ii) If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.

 PAPER – 4: CORPORATE AND ALLIED LAWS

(One paper – Three hours – 100 marks)

SECTION A: COMPANY LAW & INSOLVENCY AND BANKRUPTCY CODE, 2016 (70 MARKS)

Level of Knowledge: Advanced knowledge

Contents:

  1. The Companies Act, 2013 and Rules framed thereunder in its entirety with specific reference to

(a) Declaration and payment of Dividend

(b) Accounts and audit

(c) Appointment and Qualifications of Directors

(d) Appointment and remuneration of Managerial Personnel

(e) Meetings of Board and its powers

(f) Inspection, Inquiry and Investigation

(g) Compromises, Arrangements and Amalgamations

(h) Prevention of Oppression and Mismanagement

(i) Revival and Rehabilitation of Sick Companies

(j) Winding Up

(k) Producer Companies

(l) Companies incorporated outside India

(m) Offences and Penalties

(n) E-governance

(o) National Company Law Tribunal and Appellate Tribunal

(p) Special Courts

(q) Miscellaneous Provisions

  1. Corporate Secretarial Practice–Drafting of Resolution, Minutes, Notices and Reports
  2. Insolvency and Bankruptcy Code, 2016- Covering Important Definitions, Corporate Insolvency Resolution Process, and Liquidation Process (10 Marks)

Note: The provisions of the Companies Act, 1956 which are still in force would form part of the syllabus till the time their corresponding or new provisions of the Companies Act, 2013 are enforced.

SECTION B: ALLIED LAWS (30 MARKS)

Contents:

  1. An overview of the following laws –

(a) The Securities and Exchange Board of India Act, 1992, Rules, Regulations and Guidelines

issued thereunder.

(b) Securities Contracts (Regulation) Act, 1956

(c) The Foreign Exchange Management Act, 1999

(d) The Competition Act, 2002

(e) The Banking Regulation Act, 1949, The Insurance Act, 1938. The Insurance Regulatory and Development Authority Act, 1999. The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

(f) The Prevention of Money Laundering Act, 2002

  1. Interpretation of Statutes, Deeds and Documents.

Note: If new legislations are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute.

ICAI Syllabus OLD Course

[Syllabus specified by the Council under Regulation 31 (ii) of the Chartered Accountants

Regulations, 1988]

Curriculum for Final Course

Group I

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Allied Laws (100 Marks)

Section A: Company Law (70 Marks)

Section B: Allied Laws (30 Marks)

Group II

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Information Systems Control and Audit (100 Marks)

Paper 7: Direct Tax Laws (100 Marks)

Paper 8: Indirect Tax Laws (100 Marks)

Part-I: Goods and Services Tax (75 Marks)

Part-II: Customs & Foreign Trade Policy (25 Marks)

 GROUP – II

PAPER 5: ADVANCED MANAGEMENT ACCOUNTING

(One paper – Three hours – 100 marks)

Level of Knowledge: Advanced Knowledge

Objective:

To apply various management accounting techniques to all types of organizations for planning, decision making and control purposes in practical situations. To develop ability to apply quantitative techniques to business problems.

  1. Cost Management

(a) Developments in the Business Environment; Just in Time; Manufacturing Resources Planning; (MRP); Automated Manufacturing; Synchronous Manufacturing and Back Flush Systems to reflect the importance of accurate bills of material and routings; World Class Manufacturing; Total Quality Management.

(b) Activity Based Approaches to management and cost analysis

(c) Analysis of Common Costs in manufacturing and service industry

(d) Techniques for Profit Improvement, Cost Reduction, and Value Analysis

(e) Throughput Accounting

(f) Target Costing; Cost Ascertainment and Pricing of Products and Services

(g) Life Cycle Costing

(h) Shut Down and Divestment.

  1. Cost Volume Profit Analysis

(a) Relevant Cost

(b) Product Sales Pricing and Mix

(c) Limiting Factors

(d) Multiple Scarce Resource Problems

(e) Decisions about Alternatives such as Make or Buy, Selection of Products, etc.

  1. Pricing Decisions

(a) Pricing of a Finished Product

(b) Theory of Price

(c) Pricing Policy

(d) Principles of Product Pricing

(e) New Product Pricing

(f) Pricing Strategies

(g) Pricing of Services

(h) Pareto Analysis

  1. Budgets and Budgetary Control

The Budget Manual, Preparation and Monitoring Procedures, Budget Variances, Flexible Budgets, Preparation of Functional Budget for Operating and Non-Operating Functions, Cash Budgets, Capital Expenditure Budget, Master Budget, Principal Budget Factors.

  1. Standard Costing and Variance Analysis

Types of Standards and Sources of Standard Cost Information; Evolution of Standards, Continuous – Improvement; Keeping Standards Meaningful and Relevant; Variance Analysis; Disposal of Variances.

(a) Investigation and Interpretation of Variances and their Inter Relationship

(b) Behavioural Considerations.

  1. Transfer Pricing

(a) Objectives of Transfer Pricing

(b) Methods of Transfer Pricing

(c) Conflict between a Division and a Company

(d) Multi-National Transfer Pricing.

  1. Cost Management in Service Sector
  2. Uniform Costing and Inter Firm Comparison
  3. Profitability Analysis – Product Wise / Segment Wise / Customer Wise
  4. Financial Decision Modeling

(a) Linear Programming

(b) Network Analysis – PERT/CPM, Resource Allocation and Resource Leveling.

(c) Transportation Problems

(d) Assignment Problems

(e) Simulation

(f) Learning Curve Theory

(g) Time Series Forecasting*

(h) Sampling and Test of Hypothesis*

* The council has decided to exclude these topics effective from May, 2011 examination onwards.

 PAPER 6: INFORMATION SYSTEMS CONTROL AND AUDIT

(One Paper – Three hours – 100 marks)

(Revised Syllabus – Applicable from November, 2014 Examination onwards)

Level of Knowledge: Advanced Knowledge

Objective: “To develop competencies and skill-sets in evaluation of controls and relevant evidence gathering in an IT environment using IT tools and techniques for effective and efficient performance of accounting, assurance and compliance services provided by a Chartered Accountant”.

Contents

  1. Concepts of Governance and Management of Information Systems

Governance, Risk and compliance and relationship between governance and management. Role of information technology and IS Strategy in business strategy, operations and control , business value from use of IT, business impact of IS risks different types of Information Systems Risks, IS Risk management overview, IT Compliance overview – Role and  esponsibilities of top management as regards IT-GRC. Role of Information Systems Assurance. Overview of Governance of Enterprise IT and COBIT

  1. Information Systems Concepts

Overview of information systems in IT environment and practical aspects of application of information systems in enterprise processes. Information as a key business asset and its relation to business objectives, business processes and relative importance of information systems from strategic and operational perspectives. Various types of business applications, overview of underlying IT technologies.

  1. Protection of Information Systems

Need for protection of Information systems, types of controls, IT general controls, logical access controls & application controls. Technologies and security management features, IS Security Policies, procedures, practices, standards and guidelines, IT controls and control objectives, Role of technology systems in control monitoring, segregation of duties. Impact of IT controls on Internal controls over financial reporting, cyber frauds and control failures.

  1. Business Continuity Planning and Disaster recovery planning

Assessing Business Continuity Management, Business Impact Analysis and Business Continuity Plans, Disaster recovery from perspective of going concern, Recovery Strategies

  1. Acquisition, Development and Implementation of Information Systems (SDLC)

Business process design (integrated systems, automated, and manual interfaces), Software procurement, RFP process, evaluation of IT proposals, computing ROI, Computing Cost of IT implementation and cost benefit analysis, systematic approach to SDLC and review of SDLC controls at different stages.

  1. Auditing & Information Systems

Different types of IS audit and assurance engagements. Evaluating IT dependencies for audit planning. Overview of continuous auditing. Auditing Information Systems- Approach methodology, and standards for auditing information systems. IS Audit planning, performing an IS audit, rules of digital evidence, best practices and standards for IS audit.

Reviewing General Controls, Application Controls, Application control reviews: Review of controls

at various levels/layers such as: Parameters, user creation, granting of access rights, input,

processing and output controls.

  1. Information Technology Regulatory issues

Overview of Specific section of IT Act 2008 & Rules as relevant for assurance: Electronic Contracting, digital signatures, cyber offences, etc. Need for systems audit as per various regulations such as: SEBI Clause 49 listing requirements and internal controls, systems control & audit requirements as per RBI, SEBI, IRDA. Concepts of Cyber forensics/Cyber Fraud

investigation, Overview of Information Security Standards ISO 27001, ISAE 3402/SA 402, ITIL

  1. Emerging Technology

Overview of Cloud Computing, Software as a Service, Mobile Computing & BYOD, Web 2.0 &

social media, Green IT and related security and audit issues

 PAPER – 7 : DIRECT TAX LAWS

(One paper ─ Three hours – 100 Marks)

Level of Knowledge: Advanced knowledge

Objectives:

(a) To gain advanced knowledge of the provisions of direct tax laws,

(b) To acquire the ability to apply the knowledge of the provisions of direct tax laws to various situations in actual practice.

Contents:

The Income-tax Act, 1961 and Rules thereunder

While covering the direct tax laws, students should familiarise themselves with considerations relevant to tax management. These may include tax considerations with regard to specific management decisions, foreign collaboration agreements, international taxation, amalgamations, tax incentives, personnel compensation plans, inter-relationship of taxation and accounting, with special reference to relevant accounting standards and other precautions to be observed to maximise tax relief. Further, they should have a basic understanding about the ethical considerations in tax management and compliance with taxation laws.

Note – If new legislations are enacted in place of the existing legislations relating to income tax and

wealth tax, the syllabus will accordingly include such new legislations in the place of the existing

legislations with effect from the date to be notified by the Institute.

 PAPER 8 : INDIRECT TAX LAWS

(One paper – Three hours – 100 marks)

Part-I: Goods and Services Tax (75 Marks)

Objective:

To acquire the ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

Contents:

  1. Goods and Services Tax (GST) Law as contained in the Central Goods and Services

Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017

(i) Constitutional aspects

(ii) Levy and collection of CGST and IGST – Application of CGST/IGST law; Concept of

supply including composite and mixed supplies, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax; Exemption from tax; Composition levy

(iii) Place of supply

(iv) Time and Value of supply

(v) Input tax credit

(vi) Computation of GST liability

(vii) Procedures under GST – All procedures including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax including reverse charge, refund, job work

(viii) Provisions relating to electronic commerce

(ix) Liability to pay in certain cases

(x) Administration of GST; Assessment and Audit

(xi) Inspection, Search, Seizure and Arrest

(xii) Demand and Recovery

(xiii) Offences and Penalties

(xiv) Advance Ruling

(xv) Appeals and Revision

(xvi) Other provisions1

1 The entire CGST and IGST laws are included in the syllabus at the Final level. Any residuary provision under

the CGST Act, 2017 and IGST Act, 2017, not covered under any of the above specific provisions, would be

covered under “Other provisions”. Further, if any new Chapter is included in the CGST Act, 2017 and IGST Act,

2017, the syllabus will accordingly include the provisions relating thereto.

 Part-II: Customs & FTP (25 Marks)

Objectives:

(a) To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.

(b) To develop an understanding of the basic concepts of foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyse such concepts.

Contents:

  1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act,

1975

(i) Introduction to customs law including Constitutional aspects

(ii) Levy of and exemptions from customs duties – All provisions including application

of customs law, taxable event, charge of customs duty, exceptions to levy of customs

duty, exemption from custom duty

(iii) Types of customs duties

(iv) Classification and valuation of imported and export goods

(v) Officers of Customs; Appointment of customs ports, airports etc.

(vi) Import and Export Procedures – All import and export procedures including special procedures relating to baggage, goods imported or exported by post, stores

(vii) Provisions relating to coastal goods and vessels carrying coastal goods

(viii) Warehousing

(ix) Drawback

(x) Demand and Recovery; Refund

(xi) Provisions relating to prohibited goods, notified goods, specified goods, illegal

importation/exportation of goods

(xii) Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution

(xiii) Appeals and Revision; Advance Rulings; Settlement Commission

(xiv) Other provisions2

  1. Foreign Trade Policy to the extent relevant to the indirect tax laws

(i) Introduction to FTP – legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions

(ii) Basic concepts relating to import and export of goods

(iii) Basic concepts relating to export promotion schemes provided under FTP

2 The entire customs law is included in the syllabus at the Final level. Any residuary provision under the Customs Act, 1962 or Customs Tariff Act, 1975, not covered under any of the above specific provisions, would be covered under “Other Provisions”. Further, if any new Chapter is included in the Customs Act, 1962 or Customs Tariff Act, 1975, the syllabus will accordingly include the provisions relating thereto.

 Note – If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST Law.

Further, the specific inclusions/exclusions in any topic covered in the syllabus will be effected every year by way of Study Guidelines, if required.

Download ICAI Syallbus

ICAI CA Final Exam Preparation Tips

Exam Preparation Tips for ICAI and CA Final Students

Exam tips while writing our exam paper

The biggest blunder we commit in an ICAI exam or other is we don’t relax just before the exam. We try to mug up everything at last moment. What we forget is that no race can be win by a fatigued mind.

What we need to do is to close our eyes for a while and and meditate for a time being.This will soothe our mind and we will perform well in the final exam. While writing exam we seems to be very slow at the beginning but as the time passes we start gaining our momentum and this will boost the confidence with the help of early exam meditattion.

Best way to write an exam paper

  • Remember the best way to write an ICAI exam paper is to first analyze what has been asked in that paper.
  • It will take around five to six minutes to gain that understanding.
  • Your approach shall be now the whole paper is in your grip in just five to six minutes.
  • Now, start writing the paper with full pace. Do not wait for ultimate moment to increase your speed. Start writing at full pace from the initial moment itself.

How to attempt the question paper?

Let’s talk something about theoretical and numerical questions. Always prefer to do theoretical at the beginning. In theory, we have only two options :

  1. Either you know the answer or
  2. You don’t know the answer to the mind is clear

but if we talk about numerical part we would not be sure that where we are going to be stuck while attemting the question. The reason of getting stucked up can be an error in calculation, comprehension problem in a line of question, lack of confidence in applying a concept etc. Being an ex-examiner, I can assure you that, in general, every exam step marking is done in both theories as well as numerical and it does not hamper your impression if you attempt theory first.

One more thing, in several CA final exam papers theory and numericals are in the blended form . What I mean to say is that , in general, one-third of paper belongs to theory questions so obviously, you can’t ignore it. Now, let’s allocate your time for writing our paper.

Avoid these after exam :

  1. Don’t be afraid that you have not completed a question,
  2. Do not feel uncomfortable,
  3. Don’t lose your confidence

If youa are unable to complete your question, do not worry at all because as I mentioned above you about the step marking processor . I know we don’t feel happy unless we write the whole solution but remember there is a difference between the cinema hall and exam hall so focus on scoring, not on happiness.

After ICAI exam, keep this thing in mind that do not dicuss exam after attempting it beacuse it may leads to hamper your next exam . So, it will be better for you if you  focus on your next exam.

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ICAI Exam- CA CPT/ IPCC/ FINAL Exam

 ICAI Exam- CPT/IPCC/FINAL

The ICAI Exams/ CA Exam is conducted by the Institute of Chartered Accountants of India (ICAI), to generate chartered accountants in India. Candidates who wish to be Chartered Accountant, are required to qualify all the levels of exams conducted by ICAI. The Exams has 3 levels in process of generating Chartered Accountants. Level 1 is CPT. Level 2 is IPCC and level 3 is CA Final Exams. Students need to clear every level to become a Chartered Accountant.

Levels of ICAI Exams are:

  • Common Proficiency Test (CPT Exam)/ Foundation
  • Intermediate Integrated Professional Competence (IPCC Exam) Examination
  • CA Final Exam

ICAI Exam- CA CPT Exam

Common Proficiency Test is the entry level exam for CA Course.

ICAI Exam CA CPT Exam Eligibility:

  • Candidates who have passed the Class 12 examination from a recognized school/institute are eligible to register for Common Proficiency Test(CPT Exams).
  • Also, a candidate must apply 60 days prior to the 1st day of the month in which CPT Exams are to be held.
  • Candidates who are Graduate or Post Graduate (in Commerce)– minimum of 55% of total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) with certain subjects OR Graduates or Post Graduates in any other stream-minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) are exempted from passing CPT Exam.

ICAI Exam- CA IPCC Exam

Eligibility criteria for Intermediate examination fall into 3 criteria. Any of the three criteria should match to be eligible for IPCC Exams:

Criteria I:  Candidates who have passed CPT and 10+2/PE I/ Foundation/Entrance Examination.

Criteria 2: Candidates who were already registered for erstwhile Intermediate Examination as per syllabus under paragraph 2 or 2A of Schedule B or Professional Education (Course-II) or Professional Competence Course and converted into Intermediate (IPC) Course/ Accounting Technician Course (ATC)

Criteria 3: Direct Entry(Candidates who are Graduate or Post Graduate (in Commerce)- minimum of 55% of total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) with certain subjects OR Graduates or Post Graduates in any other stream-minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) are exempted from passing CPT Exam).

Also, he/she must be enrolled for the relevant level(s) of the Intermediate (IPC) Course or/and their registration must be valid. Registration to the Intermediate (IPCC Exam) course is valid for 4 years.

ICAI Exam- CA Final Examination:

Eligibility criteria are:

  • The candidate who have passed the Intermediate examination or Professional Education Examination – II./PCC/IPCC, are eligible to apply for the Final exam.
  • The candidate must also have completed 3 years or 3½ years or must be due to complete, as the case may be, of articled training as on the date of filling the form.
  • The candidate must be serving the last twelve months of articled training including excess leave if any, and due to complete 3 years on or before 31st October 2017. (for PE-II stream student and PE-II stream students converted to IPCC Exam)
  • The candidate must be serving the last 6 months of articled training including excess leave if any, and also complete 3½ years on or before 30th April. (for PCC stream student)
  • The candidate must be serving the last 6 months of training including excess leave if any, and due to complete 3 years on or before 30th April. ( for Intermediate IPCC student)
  • The candidate must be serving the last twelve months of training including excess leave if any, and due to complete 3½ years articles on or before 31st October. (for students converted from PE-II to PCC as well as students converted from PE-II to IPCC and then to IPCC Exam)
  • Candidates who have taken termination are advised to re-register for the balance period of training.

Candidates willing to appear for CPT Exam will be required to fill up a registration form online or it may be obtained from Deputy Secretary(Examinations), The Institute of Chartered Accountants of India, lCAl Bhawan, Indraprastha Marg, New Delhi-110002. (Application fee is Rs 1000 and examination fee is, Rs 500).

ICAI Exam fee:

Intermediate (IPCC) & Intermediate Course Exam:

For Indian Centre (S)
Single Group/Unit 1-10Rs 1500
Both Groups/Unit 9Rs 2700

The validity of Registration:

Registration for Intermediate (IPCC Exam) course is valid for 4 years from the date of initial registration/conversion. By paying Rs. 400/- to concerned Regional office, the same can be renewed for the next four years.

ICAI Exam- Final Course Examinations (Existing and Revised Scheme):

For Indian Centre (S)
Single GroupRs 1800
Both GroupsRs 3300

There’s provision of submitting the examination form with late fee of Rs 600.

The exemption in a paper:

  • A candidate who has passed in any one group in the Final examination will be eligible for exemption in that particular group and will be required to pass in the remaining group in order to pass the Final Examination.
  • A candidate who has appeared in all the papers comprised in a group and fails in one or more papers comprised in a group but secures a minimum of 60 percent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 percent marks.

Verification Fee:

The fee for verification is Rs 100/- per paper subject to a maximum of Rs 400/- for all the papers of a group/both groups. The application should be submitted within a month from the date of declaration of result. 

Important Dates of ICAI Exam CA November 2018 Exams:

ICAI Exam – Foundation Course Exam(CPT Exam) – Under Revised Scheme(November 11, 13, 15 & 17, 2018)

ICAI Exam – Intermediate(IPCC Exam)Course Exam –Under the Existing Scheme

(Group-I: November 2, 4, 8 & 10,  2018)

(Group-II: November 12, 14 & 16, 2018)

Under Revised Scheme(Group-I: November 2, 4, 8 & 10,  2018)

(Group-II: November 12, 14, 16 & 18, 2018)

CA Final Exam – Under Existing Scheme

(Group -I: November 1, 3, 5, 9, 2018)

(Group -II: November 11, 13, 15 & 17, 2018)

Under Revised Scheme (Group -I: November 1, 3, 5 & 9, 2018)

(Group -II: November 1, 3, 5 & 9, 2018)

Contact ICAI at-

http://www.icai.org.in/

The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
A-29, First Floor,
Administrative Block, ICAI Bhawan
Sector-62, Noida(U.P.), P.C.-201301
E-mail: ccbcaf@icai.org
Phone No. : 0120-3045994 (Direct)

Official Website: http://www.icai.org.in/

Phone Number: 0120-3045994

ICAI CA Final Course

If you are searching for ICAI CA Final course or subject for a New course, then you are landed on a correct page.

The Whole syllabus of CA Final is divided into 2 groups, which is further divided into 8 subjects.

Every paper contains 100 marks and you will need a minimum score of 40% marks in each subject.

ICAI CA Final Course – New Scheme of Education and Training

Paper No.Subjects
Paper 1Financial Reporting
Paper 2Strategic Financial Management
Paper 3Advanced Auditing and Professional Ethics
Paper 4Corporate and Economic Laws
Paper 5Strategic Cost Management and Performance Evaluation
Paper 6ARisk Management
Paper 6BFinancial Services and Capital Markets
Paper 6CInternational Taxation
Paper 6DEconomic Laws
Paper 6EGlobal Financial Reporting Standards
Paper 6FMultidisciplinary Case Study
Paper 7Direct Tax Laws and International Taxation
Paper 8Indirect Tax Laws

CA Final

Final Course is the last level of CA Course. After qualifying both the groups of Intermediate course, a student can get registered for C.A. Final Course. Candidate can appear in CA Final examination during the last 6 months of practical training. But before appearing in CA Final Exam, one has to successfully complete four weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of practical training.

CA FINAL COURSE DETAILS

Paper 1: Financial Reporting (Maximum 100 Marks )

It covers existing Accounting Standards (ASs) 15, 21, 23, 25, 27 and 28, Accounting Standards interpretations, Framework for preparation and presentation of Financial Statements in accordance with Indian Accounting Standards, Application of Ind AS with reference to general purpose Financial Statements, application of IFRS & US GAAP, Corporate Financial Reporting, Accounting for Consolidated Financial Statements of Group Companies, Share-Based Payments, Carbon Credits, E-commerce, Common defects in Financial Statements, Corporate Social Reporting, Human Resource Reporting, Integrated Reporting and Value Added Statements etc.

Paper 2: Strategic Financial Managment (Maximum 100 Marks )

It Covers important concepts relating to Strategic decision making, financial policy, Risk evaluation & its classification, value at Risk (VAR) Security analysis, and its Valuation, Portfolio analysis, Capital Market theory, Securitization, Mutual funds, Derivatives, Foreign exchange, international financial management, etc.

Paper 3: Advanced Auditing & Professional Ethics (Maximum 100 Marks )

It Covers Auditing Standards, Statements, Guidance Notes, Audit plan, Audit Programme and importance of Supervision, Risk Assessment and internal control, Special Aspects of Auditing in an Automated environment, Audit of Limited Companies, Audit Reports, Audit Reports & Certificates for special purpose engagement, Audit Committee and Corporate Governance, Audit of Consolidated Financial Statements, Special features of Audit of Banks, Insurance & Non – Banking Financial Companies, Audit under fiscal laws, Special audit assignments, Audit of Public Sector undertakings, and concepts related to Professional ethics etc.

Paper 4: Corporate and Economic Laws (Maximum 100 marks)

This paper has been divided into two parts :

Part I: Corporate Laws (70 Marks): This has two sections
Section A: Company Law

It Covers the entire provisions and relevant Rules & Regulations of the Companies Act, 2013 regarding appointment and Qualification of Directors, Appointment and remuneration of Managerial Personnel, Meetings of Board and its Power, Inspection, Inquiry and Investigation, Compromise, Arrangement and Amalgamations, prevention of oppression and Mismanagement, Winding up, Producer Companies, Companies incorporated outside India , Compounding offences, adjudication, special Courts, National Company Law Tribunal and Appellate Tribunal etc.

it Covers also Corporate Secretarial Practices like Drafting Notices, Resolutions, Minutes & Reports etc.

Section B: Securities Laws

It includes The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957: introduction and important provisions.

The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 and SEBI (Listing obligations and Disclosure Requirement) Regulations, 2015.

Part II: Economic Laws (30 Marks)It Covers “ The Foreign Exchange Management Act, 1999, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Prevention of Money Laundering Act, 2002, Foreign Contribution Regulation Act, 2010, the arbitration and Conciliation Act,1996, the Insolvency and Bankruptcy Code, 2016

Paper 5: Strategic Cost Management and Performance Evaluation (Maximum 100 marks)

It contains concept of Strategic Cost Management, Limitations of Traditional Cost Management, Characteristics of the Modern Business Environment, Cost of Quality, TQM, Supply Chain Management, J/T, Kaizen Costing, Total Productive – Maintenance, Six Sigma (SS), Cost Control, Cost Reduction, Pareto analysis, value Analysis, Life Cycle Costing, Power Sector, Relevant Costing, ABC Costing, Theory of Product Pricing, Pricing – New Product, Sensitivity analysis, Pricing Strategies, Transfer pricing, Responsibility Accounting, Budgetary Control, Standard Costing, and Application of few Quantitative Techniques like Linear Programming, Learning curve / Experience Curve.

Paper 6A: Risk Management (Maximum 100 marks)

It includes the concept of Risk, Risk, and uncertainty; Distinction, classification of risks, Dynamic Nature of Risks, Types of Risk, Sources and Evaluation of Risks, Concept of Risk Management, objective and process of Risk Management, Risk Management Techniques, Quantitative analysis, Risk Model, Credit Risk Measurement and Management, Risks associated with Corporate Governance, Enterprise Risk Management, Operational Risk Management etc.

Paper 6B: Financial Services and Capital Markets (Maximum 100 marks)

It contains information to Global Financial Market, Role of Financial Market in Economic Development, Indian Financial Market Scenario, Credit policy of R.B. I, Fed Policy, Inflation Index, CPI, WPI etc. Primary Capital Market, Secondary Capital Market, Money Market ( CRR, SLR, MIBOR, LIBOR etc.), Institutions and Intermediaries, Commodity market, Banking – Management, Mutual Fund etc.

Paper 6C: International Taxation (Maximum 100 marks)

It Covers various concepts of Transfer pricing Provisions under the Income Tax Act, 1961, like concept of Arm’s length price, international transactions, functions, Assets and Risk Analysis, Documentation & Compliances, other provisions relating to taxation of international transactions and Non – resident taxation under the Income-tax Act, 1961, Non – resident taxation, Double taxation relief and Advance – Ruling, Law and procedures under the Black Money (Undisclosed Foreign Income and Assets) and imposition of Tax Act, 2015, other Aspects of International taxation – Model tax conventions, tax treaties, Application and interpretation, Anti Avoidance Measures, Taxation of E-Commerce transactions.

Paper 6D: Economic Laws (Maximum 100 marks)

It Covers entire coverage of WTO (World Trade Organization) Comprising of its Role, Principles, Functions and Dispute Settlement Mechanism, Competition Act, 2002 and its Rules & Regulations, Real Estate Act, 2016, Insolvency and Bankruptcy Code, 2016, Prevention of Money Laundering Act, 2002 and Rules / Regulations, Foreign Exchange Management Act, 1999 and Rules / Regulations, Prohibition for Benami Property Transactions Act, 1988 and Rules & Regulations.

Paper 6E: Global Financial Reporting Standards (Maximum 100 marks)

It Covers the key concepts and Principles of International Financial Reporting Standards, Conceptual framework for Financial Reporting as per IFRS, Application of Financial Reporting Standards, Significant Differences between IFRS and US GAAPS.

Paper 6F: Multi-Disciplinary Case Study

This paper will include case studies covering the following areas:-

  1. Financial Accounting and Reporting
  2. Audit and Assurance
  3. Taxation
  4. Finance and Financial Management
  5. Management Accounting
  6. Corporate Laws
  7. Business Strategy and Management

Paper 7: Direct Tax Laws & International Taxation (Maximum 100 marks)

Part I: Direct Tax Laws (70 Marks)

It Covers the entire Law and procedure under the Income Tax Act, 1961 – Basis of charge, Residential status, different Heads of Income, Provisions relating to clubbing of Income, set-off and carry forward of Losses, Provisions relating to companies & persons other than Companies, Tax Planning Tax Avoidance, Tax evasion, T.D.S %, Refund, Assessment Procedure, Settlement of tax cases, penalties, offences & Prosecution ,Liability in special cases, etc.

Part II: International Taxation (30 Marks)

It Contains the provisions relating to taxation of International transactions and Non – residents, Double taxation relief, Advance rulings, Overview of Model tax conventions, tax treaties etc.

Paper 8: Indirect Tax Laws (Maximum 100 marks)

Part I: Goods and Services Tax (75 Marks)

It Covers the entire provisions, Rules & Regulations, Notifications of the Central Goods and Services tax (CGST) Act, 2017 and Integrated Goods and Services tax (IGST) Act, 2017. It contains concepts related to Levy & Collection of CGST, IGST, Place of Supply, Time and value of supply, Input tax credit, Computation of GST Liability, Provisions relating to electronic commerce, Administration of GST, Assessment & Audit, Demand & Recovery, Appeals & Revisions etc.

Part II: Customs & FTP (25 Marks)

It Covers the entire provisions, Notifications of the Customs Act, 1962 and the Customs Tariff Act, 1975 regarding Levy & Exemption from Custom Duties, its types, Classification and Valuation of import and export, Import and export procedures, provisions relating to coastal Goods and Vessels Carrying Coastal Goods – Warehousing, Drawback, Demand and Recovery, Refund, Provisions relating to Prohibited Goods Notified Goods, specified Goods, illegal importation / exportation of Goods Search, Seizure and other Provisions, and foreign trade policy to the extent relevant to the indirect tax Laws. Source

ICAI EXAM 2019

ICAI EXAM

Preparation for ICAI Exams requires a lot of efforts. If students efforts are in the right direction then he/she will surely get success and ICAI result will be towards his/her favor. But sometimes, students get demotivated/ distracted by peer friends or relatives, resulting in failure. Nowadays, we can see that even parents are more stressed than students, causing more depression for students. So, key to success for scoring high marks in the upcoming CPT/Foundation exams is to work on time management and stress control during exams days. Solving mock test papers and other practice papers will master these skills and make your confidence high before the exam. Practicing ICAI CA foundation sample papers, model question papers will help you in your upcoming CA Foundation exams.

Following are the subjects for ICAI CPT Exams:

For More Information for CPT Syllabus, click on this link- Click Here

ICAI Exam CA Foundation November 2018 Mock Test Papers with Answers

Paper

Subject

Mock Test Paper

Answer

1

Principles and Practice of Accounting

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 2

Business Laws and Business
corresponding and Reporting (SECTION- A)

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 2

Business Laws and Business
corresponding and Reporting (SECTION- B)

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 3

Business Mathematics and
Logical reasoning & Statistics

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4

Business Economics and Business and
Commercial Knowledge

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ICAI Exam CA Foundation May 2018 Question Papers with Answers

Do not forget to practice for ICAI Exam question paper (Foundation level) of May 2018 question papers. As from this attempt onwards, new syllabus is implemented by ICAI. So New Course students shall practice this paper to achieve the favorable ICAI result for Foundation level.

S.noSubjectQuestion PaperSuggested Answer
1Principles and Practice of AccountingDownloadDownload
2Business Laws and Business correspondence and Reporting (SECTION- A & B)DownloadDownload
3Business Mathematics and Logical reasoning & Statistics
4Business Economics and Business and Commercial Knowledge

ICAI CA Exam Foundation August 2018 Mock Test Papers with Answers

Prepare for ICAI Exam for CPT level, by going through the following Mock Test Papers to get best of your ICAI result for CPT level:

Paper

Subject

Mock Test Paper

Answer Key

1

Principles and Practice of Accounting

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 2

Business Laws and Business
corresponding and Reporting (SECTION- A)

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 2

Business Laws and Business
corresponding and Reporting (SECTION- B)

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 3

Business Mathematics and
Logical reasoning & Statistics

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 4

Part 1 – Business Economics

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 4

Part 2 – Business and Commercial
Knowledge

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ICAI Exam CA Foundation May 2018 Practice Question Papers

Paper

Subject

Practice Papers

1

Principles and Practice of Accounting

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2

Business Laws and Business
corresponding and Reporting (SECTION- A)

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ICAI CA Foundation May 2018  Revision Papers

Paper

Subject

Practice Papers

1

Principles and Practice of Accounting

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 2

Business Laws and Business corresponding
and Reporting (SECTION- A)

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2

Business Laws and Business corresponding
and Reporting (SECTION- B)

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ICAI Exam CA CPT June 2017 Mock Test  Question Papers

The mock test series made available by ICAI Exam for both English Medium & Hindi Medium students. Students should practice these question papers to avail good ICAI result in CPT level. ICAI has released CPT Mock test papers for June 2017 attempt for preparation of ICAI Exam for CPT level. All papers are available here to download along with their answer keys.

ICAI Exam Series I

Session I

Session

Question Papers

Download

Answer Key

I

ICAI Mock Test Paper for CPT Dec 2017 (English Medium)

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ICAI Mock Test Paper for CPT Dec 2017 (Hindi Medium)

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Session II

Session

Question Papers

Download

Answer Key

II

ICAI Mock Test Paper for CPT June 2018 (English Medium)

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ICAI Mock Test Paper for CPT June 2018 (Hindi Medium)

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ICAI Exam Series II

Session I

Session

Question Papers

Download

Answer Key

I

ICAI Mock Test Paper for CPT June 2018 (English Medium)

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ICAI Mock Test Paper for CPT June 2018 (Hindi Medium)

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Session II

Session

Question Papers

Download

Answer Key

II

ICAI Mock Test Paper for CPT June 2018 (English Medium)

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ICAI Mock Test Paper for CPT June 2018 (Hindi Medium)

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ICAI Exam CA CPT Dec 2017 Mock Test Question Papers

ICAI has released CPT Mock test papers for Dec 2017 attempt to prepare for ICAI Exam for CPT level. All papers are available here to download along with their answer keys. The mock test series are available by ICAI for both English Medium and Hindi Medium. Students are advised to practice these papers to get the best ICAI result for CPT level.

 ICAI Exam Series I

Session I

Session

Question Papers

Download

Answer Key

I

ICAI Mock Test Paper for CPT Dec 2017 (English Medium)

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ICAI Mock Test Paper for CPT Dec 2017 (Hindi Medium)

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Session II

Session

Question Papers

Download

Answer Key

II

ICAI Mock Test Paper for CPT Dec 2017 (English Medium)

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ICAI Mock Test Paper for CPT Dec 2017 (Hindi Medium)

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 ICAI Exam Series II

Session I

Answer key

Session

Question Papers

Download

ICAI Moke Test Paper for CPT Dec 2017 (English Medium)

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ICAI Mock Test Paper for CPT Dec 2017 (Hindi Medium)

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Session II

Session

Question Papers

Download

Answer Key

II

ICAI Mock Test Paper for CPT Dec 2017 (English Medium)

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ICAI Mock Test Paper for CPT Dec 2017 (Hindi Medium)

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Previous Years ICAI Exam CPT Mock Test Papers for preparation of ICAI Exam for CPT level with Answers key

CPT December 2016

Series I

S.No.TestDownload Below
1.CPT Dec 2016 Mock Test Series I Question  PaperDownload
2.CPT Dec 2016 Mock Test Series I Answer KeyDownload
Series II
S.No.TestDownload Below
1.CPT Dec 2016 Mock Test Series I Question  PaperDownload
2.CPT Dec 2016 Mock Test Series II Answer KeyDownload
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