CA IPCC Accounts Syllabus May 2017 and Applicable Amendments & New Changes are here. In this article, We’ve provided CA IPCC Accounting Syllabus Changes and Amendments Notification applicable for May 2017 and Nov 2017. Also Download CA IPCC Study Material for May 2017. The Syllabus of CA IPCC changes every two attempts. The Syllabus for May 2017 and Nov 2017 will be different for the IPCC subjects when compared to the syllabus that was applicable for Nov 2016 Exam. The reason for the change in CA IPCC Syllabus for May 2017 is the applicability of new Union Budget and also applicability of new Notifications and Circulars for this attempt. The CA IPCC Accounts Syllabus new changes for May 2017 and Nov 2017 exam are available from the below provided links for free download. In this Article, we will list out Applicable CA IPCC Accounting Syllabus and also Amendments thereto.
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IPCC Subjects For May 2017
There are total 7 Papers in CA IPCC Syllabus. See below
Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
- Part I: Business Laws (60 marks) comprising
- Business Laws (30 marks)
- Company Law (30 marks)
- Part II: Ethics (20 marks)
- Part III: Communication (20 marks)
Paper 3: Cost Accounting and Financial Management (100 marks)
- Part I: Cost Accounting (50 marks)
- Part II: Financial Management (50 marks)
Paper 4: Taxation (100 marks)
- Part I: Income-tax (50 marks)
- Part II: Indirect Taxes (50 marks)
Paper 5: Advanced Accounting (100 marks)
Paper 6: Auditing and Assurance (100 marks)
Paper 7: Information Technology and Strategic Management (100 marks)
- Section A: Information Technology (50 marks)
- Section B: Strategic Management (50 marks)
CA IPCC Accounts Syllabus For May 2017
Here we are providing CA IPCC Accounting Syllabus for May 2017 in PDF format. Click below links to download.
Accounts IPCC Syllabus Changes May 2017
There is only one Change and Amendment in CA IPCC Accounts Syllabus. The newly introduced Indian Accounting Standards will be applicable for CA IPCC May 2017 Exam.
However, only the basics and introduction to the Indian Accounting Standards will be applicable for CA IPCC May 2017 Syllabus.
IPCC Syllabus Paper 1: Accounting
(One paper – three hours – 100 marks)
1. A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards
2. Accounting Standards
Working knowledge of:
AS 1 : Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 6: Depreciation Accounting
AS 7: Construction Contracts (Revised 2002) AS 9: Revenue Recognition
AS 10: Accounting for Fixed Assets
AS 13: Accounting for Investments
AS 14: Accounting for Amalgamations
3. Company Accounts
(a) Preparation of financial statements – Profit and Loss Account, Balance Sheet and Cash Flow Statement
(b) Profit (Loss) prior to incorporation
(c) Alteration of share capital, Conversion of fully paid shares into stock and stock into shares, Accounting for bonus issue
(d) Simple problems on Accounting for business acquisition, Amalgamation and reconstruction (excluding problems of amalgamation on inter-company holding)
4. Average Due Date, Account Current, Self-Balancing Ledgers
5. Financial Statements of Not-for-Profit Organisations
6. Accounts from Incomplete Records
7. Accounting for Special Transactions
(a) Hire purchase and instalment sale transactions
(b) Investment accounts
(c) Insurance claims for loss of stock and loss of profit.
9. Issues in Partnership Accounts
Final accounts of partnership firms – Admission, retirement and death of a partner including treatment of goodwill;
10. Accounting in Computerised Environment
An overview of computerized accounting system – Salient features and significance, Concept of grouping of accounts, Codification of accounts, Maintaining the hierarchy of ledger, Accounting packages and consideration for their selection, Generating Accounting Reports.
If either old Accounting Standards (ASs), Announcements and Limited Revisions to ASs are withdrawn or new ASs, Announcements and Limited Revisions to ASs are issued by the Institute of Chartered Accountants of India in place of existing ASs, Announcements and Limited Revisions to ASs, the syllabus will accordingly include/exclude such new developments in place of the existing ones with effect from the date to be notified by the Institute.
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