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Friday, 5 June 2015

CHANGES IN IPCC AND FINAL SYLLABUS FROM NOVEMBER 2015 ONWARDS

ICAI HAS ISSUED NOTIFICATION REGARDING CHANGES IN IPCC AND FINAL SYLLABUS FROM NOVEMBER 2015 ONWARDS

CHANGES IN IPCC SYLLABUS:

The topic of “Financial Reporting of Electricity Companies
” would be excluded from the syllabus of
 Intermediate (IPC)
 Paper 5 : Advanced Accounting and the same would not be applicable from
 November, 2015 Examination and onwards.


CHANGES IN FINAL SYLLABUS


The topic of “Overview of International Accounting Standards (IAS) /
 International Financial Reporting Standards (IFRS),
 Interpretations by International Financial Reporting
Interpretation Committee (IFRIC), Significan
t differences vis-a-vis Indian Accounting Standards;
Understanding of US GAAPs, Applications of IFRS and US”
would be excluded from the syllabus of
 Final Paper 1 : Financial Reporting and the same would not be applicable from November, 2015 Examination.

Further, the topic of “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)” would be included in the syllabus of
 Final Paper 1 : Financial Reporting and the same
would be applicable from May, 2016 Examination.