Important Topics or Chapters with Marking Scheme

Important Topics or Chapters with Marking Scheme
IPCC – Group1
Accounting
- Avg. due date(4)
- Partnership(16)
- Pre-incorporation(8)
- Amalgamation/Internal Reconstruction(16)
- Hire Purchase(8)
- NPO(16)
- Cash flow(16)
- Single entry(16)
- Imp. AS(revenue recog.,contract,dep.,fixed asset)
Law,ethics & communication
- Bonus(8)
- Gratuity(8)
- Chapters of Indian Contract Act,combined (10)
- Share Capital, General Meeting
- t/f transmission of shares, Membership
- Share allotment, prospectus n MOA
- ethics(full and dont leave anything)
- communication (deeds are very important.) and
communication theory and rest of the chapters
COSTING & FINANCIAL MANAGEMAENT
- Contract Costing, Material
- Reconciliation
- Standard, Marginal
- Labour, Overhead, Process Costing
- Capital budgeting, leaverage
- Working Capital, Receivable Management
- Cost of Capital, Ratios
INCOME TAX
- Salary (RFA,HRA,gratuity,pension,leave salary…motor
car facility n few more perquisites,all allowances are
imp. student should not be ignored these topics)
- Business profession (these sections are the most
imp. ones viz sec 32, 40A2, 40A3, 43B and topics like
deduction in case of scientific research, writing off of
preliminary exp., question related with book profits n
cash payments in excess of 20,000 n payments that
can be made and claimed till ROI filing date ie the
above sections mentioned)…dont leave this chapter.
- Capital gains (exemption related sections, forfeiture
sec 51, conversion of capital into stock and sec 47)
- ROI, TDS, deductions (80C, 80D, 80DD, 80U, 80G)
- Clubbing, other sources
Service tax n VAT (fully) dont leave anything these are
scoring topics.
IPCC – Group 2
Advanced Accounting
- Partnership(16)
- Amalgamation or Internal Reconstruction(16)
- Branch A/c, Liquidation, Banking, Insurance…all may
come of 8 marks each
- Underwriting, Departmental (5 each)
- Imp. AS (borrowing cost, government grant, EPS,
Lease)
- Debenture chapter(16)
Auditing
- Vouching, Verification
- Company audit 1 and 2
- Special Audit
- EDP, govt. audit, Caro
-200, 300, 500 Series SA’s are important
Information Technology
- Internet
- Networking
- DBMS
- Flowcharts
(almost carry 40 marks weight age)
Strategic Management
Full