| Re: CA after BBM
You are asking for the CA course after the BBM course. The Graduates can directly take admission in the IPCC and Skip the CPT Exam.
The Central Council has approved the new announcement of allowing a Graduate student (B.com, B.Sc., BBA,etc) to directly join the IPCC course without writing CA-CPT Exam.
The council announced that the eligibility criteria for the graduates to write IPCC directly are as under:
1. In case of a Commerce Graduate – 55%
2. In case of a Non-Commerce Graduate – 60%
IPCC - Intermediate (Integrated Professional Competence) Course
This is the first descriptive exam in CA Course
There are Seven Papers of study in Intermediate (IPC) Course which are divided into 2 groups
Group I
Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
Paper 3: Cost Accounting and Financial Management (100 marks)
Paper 4: Taxation (100 marks)
Group II
Paper 5: Advanced Accounting (100 marks)
Paper 6: Auditing and Assurance (100 marks)
Paper 7: Information Technology and Strategic Management(100 marks)
IPCC - Intermediate (Integrated Professional Competence) Course syllabus
Subjects contained in Group 1 of IPCC Syllabus
1. Accounting (100 marks)
2. Business Laws, Ethics and Communication (100 marks)
3. Cost Accounting and Financial Management (100 marks)
4. Taxation (100 marks)
Subjects contained in Group 2 of IPCC syllabus are
1. Advanced Accounting (100 marks)
2. Auditing and Assurance (100 marks)
3. Information Technology and Strategic Management(100 marks)
• Section A: Information Technology (50 marks)
• Section B: Strategic Management (50 marks)
GROUP – I
Paper 1: Accounting
(3 hours)
1. Accounting Standards
1. Introduction to Accounting Standards
2. Overview of Accounting Standards
AS 1: Disclosure of Accounting Policies
AS 2: Valuation of Inventories
AS 3: Cash Flow Statements
AS 6: Depreciation Accounting
AS 7: Construction Contracts
AS 9: Revenue Recognition
AS 10: Accounting for Fixed Assets
AS 13: Accounting for Investments
AS 14: Accounting for Amalgamations
1. Financial statements of Company
1. Preparation of financial statements
2. Cash flow Statement (Profit and Loss Account, Balance Sheet and Cash Flow Statement)
1. Profit/Loss prior to incorporation
2. Accounting for Bonus Issue
3. Amalgamation and Reconstruction
1. Average Due Date and Account Current
2. Self-Balancing Ledgers
3. Financial Statements of Not-for-Profit Organisations
4. Accounts from Incomplete Records
5. Accounting for Special Transactions
(a) Hire purchase and installment sale transactions
(b) Investment accounts
(c) Insurance claims for loss of stock and loss of profit.
1. Issues in Partnership Accounts
2. Accounting in Computerized Environment
Paper 2: Business Laws, Ethics and Communication
(3 hours)
Business Laws (30 marks)
1. The Indian Contract Act, 1872
2. The Negotiable Instruments Act, 1881
3. The Payment of Bonus Act, 1965
4. The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952
5. The Payment of Gratuity Act, 1972
Company Law (30 marks)
The Companies Act, 1956 – Sections 1 to 197
1. Preliminary
2. Prospectus
3. Share and Share capital
4. Meetings
Ethics (20 marks)
1. Principles of Business Ethics
2. Environment Issues.
3. Ethics in Workplace
4. Ethics in Marketing and Consumer Protection
5. Ethics in Accounting and Finance
Communication (20 marks)
1. Elements of Communication
2. Communication in Business Environment
3. Basic Understanding of Legal Deeds and Documents
Paper 3: Cost Accounting and Financial Management
(3 hours)
Cost Accounting
1. Introduction to Cost Accounting
2. Materials
3. Labour
4. Overheads
5. Non-Integrated Accounts
6. Methods of
1. Job and Batch
2. Contract
3. Operating
4. Process and Operation
5. Standard Costing
6. Marginal Costing
7. Budgets and Budgetary Control
Financial Management
1. Scope and Objectives of Financial Management
2. Time Value of Money
3. Financial Analysis and Planning
4. Financing Decisions
5. Types of Financing
6. Investment Decisions
7. Management of working capital
Paper 4: Taxation
(3 hours)
Part 1: Income-tax (50 marks)
The Income-tax Act, 1961
1. Basic concepts
2. Residential status and scope of total income
3. Incomes which do not form part of total income ( Sec 10)
4. 5 Heads of income
5. Provisions of Clubbing
6. Set-off and carry forward of losses
7. Deductions from gross total income
8. Computation of total income and tax payable
9. Provisions concerning Advance tax and TDS
10. Provisions for filing of return of income.
Part 2: Service tax (25 marks)
1. Concepts and general principles
2. Charge of service tax and Valuation
3. Payment of service tax and filing of returns
Part 3: VAT (25 marks)
1. Concepts and general principles
2. Input Tax Credits and Composition Scheme for Small Dealers
3. VAT Procedures
GROUP II
Paper 5: Advanced Accounting
(3 hours)
1. Conceptual Framework for Preparation and Presentation of Financial Statements
2. Accounting Standards
AS 4: Contingencies and Events occurring after the Balance Sheet Date
AS 5: Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
AS 11: The Effects of Changes in Foreign Exchange Rates
AS 12: Accounting for Government Grants
AS 16: Borrowing Costs
AS 19: Leases
AS 20: Earnings per Share
AS 26: Intangible Assets
AS 29: Provisions, Contingent Liabilities and Contingent Assets
1. Advanced Issues in Partnership Accounts
2. Company Accounts
1. Employee stock option plan and Buy back of securities
2. Amalgamation and Reconstruction
3. Underwriting of shares and debentures
4. Redemption of debentures
5. Accounting for Special Transactions
1. Insurance Companies
2. Banking Companies
3. Electricity Companies
4. Departmental accounts
5. Branch accounts including foreign branches
Paper 6: Auditing and Assurance
(3 hours)
1. Auditing Concepts
2. Auditing and Assurance Standards
3. Preparation for an Audit
4. Internal Control
5. Vouching
6. Verification of Assets and Liabilities
7. Company Audit
8. Audit Report
9. Special Audits
Paper 7: Information Technology and Strategic Management
(3 hours)
Part 1: Information Technology
1. Computer software
2. Data Storage, Retrievals and Data Base Management Systems
3. Computer Networks & Network Security
4. Internet and other technologies
5. Flowcharts, Decision Tables
Part 2: Strategic Management
1. Business Environment
2. Business Policy and Strategic Management
3. Strategic Analyses
4. Strategic Planning
5. Formulation of Functional Strategy
6. Strategy Implementation and Control
7. Reaching Strategic Edge
Note:
New Accounting Standards, Announcements and Limited Revisions to ASs, Amendments and Legislations are issued by ICAI in place of existing ones then the syllabus will change accordingly with effect from the notified date. Syllabus will also include all the new enactments.
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