IPCC Imporant areas in studies (Based on Past Trend and Analysis)



TOP 5 chapters of Group I
Paper 1: Accounting
1. Partnership Accounts
2. Not-for-profit organizations
3. Amalgamation
4. Hire purchase and installment system
5. Single Entry System (Accounting from incomplete records)
Paper 2: Busiess Laws, Ethics and Communications
1. Companies Act 1956: Article of Association, Memoradum of Association, Share capital, Deposites and General body Meeting
2. Business Laws: Contract Act 1872 (CPT's basic concepts, Indemnity and guerentee, Special contracts); EPF and Misc. Act (Most IMP)
3. Business Laws: Nagotiable Instrument Act (Discharge related points, basic points of the Act)
Payment of Bonus and Gratuity Act (Most IMP)
4. Business Ethics: Corporate governance and CSR, GTI, Conservation of Natural resources, Consumer Acts cosumer related matters, Fundamental principals relating to ethics, Ethical threats, Ethical dellemas.
5. Communications: Drafting deeds (Most IMP), Types of communication, Grapewyn communication.

Paper 3: Cost Accounting and financial management
Part 1: cost accounting
1. Process costing
2. Contract costing
3. Marginal costing (may be with operating costing)
4. Standard cosing (may be with budgetary control)
5. Intigral and non-integral accounting OR Labour
Part 2: financial management
1. Cost of capital
2. Capital structure
3. Capital budgeting
4. Sources of finance (for theory)
5. Working capital OR Leverages

Paper 4: Taxation
Part 1: Income Tax
1. Profit and gains from business profession (IMP this time)
2. Capital gain
3. Income from the head Salaries(Most IMP this time)
4. TDS provisions (Most IMP for practical life)
5. Deductions (IMP evergreen)
Part 2: Service Tax and VAT
1. Services (Amendment related matter must)
2. Provision related to service tax (for theory)
3. VAT-Cenvat credit
4. VAT-Input vat credit

Paper 5: Advanced Accounting
1. AS
2. Insurance comapnies' financial statement
3. Banking companies financial statements
4. Branch accounts OR Dept Accounts
5. Advancded issue in Partnership or Amalgamation (if asked in 1st grp then chances to ask by them is 70:30)

Paper 6: Auditing and Assurance
1. Intro of Audit (with relevent SAs relating to this chap)
2. Basic concept of Audit (with relevent SAs relating to this chap)
3. Company audit
4. CARO related provisions
5. Special audit

Paper 7: Info tech and SM
Part 1: Information technology
1. Inro to computers (amendments in study materials)
2. data storage and retrieval
3. Flow charting/decision table
4. Internet
Part 2: SM
1. Formulation of functional stretagies
2. Strategy implematation
3. Reaching the strategic edge
4. Bus environment/ Stretagic planning

All the best
IPCC Imporant areas in studies (Based on Past Trend and Analysis)

TOP 5 chapters of Group I
Paper 1: Accounting
1. Partnership Accounts
2. Not-for-profit organizations
3. Amalgamation
4. Hire purchase and installment system
5. Single Entry System (Accounting from incomplete records)
Paper 2: Busiess Laws, Ethics and Communications
1. Companies Act 1956: Article of Association, Memoradum of Association, Share capital, Deposites and General body Meeting
2. Business Laws: Contract Act 1872 (CPT's basic concepts, Indemnity and guerentee, Special contracts); EPF and Misc. Act (Most IMP)
3. Business Laws: Nagotiable Instrument Act (Discharge related points, basic points of the Act)
Payment of Bonus and Gratuity Act (Most IMP)
4. Business Ethics: Corporate governance and CSR, GTI, Conservation of Natural resources, Consumer Acts cosumer related matters, Fundamental principals relating to ethics, Ethical threats, Ethical dellemas.
5. Communications: Drafting deeds (Most IMP), Types of communication, Grapewyn communication.

Paper 3: Cost Accounting and financial management
Part 1: cost accounting
1. Process costing
2. Contract costing
3. Marginal costing (may be with operating costing)
4. Standard cosing (may be with budgetary control)
5. Intigral and non-integral accounting OR Labour
Part 2: financial management
1. Cost of capital
2. Capital structure
3. Capital budgeting
4. Sources of finance (for theory)
5. Working capital OR Leverages

Paper 4: Taxation
Part 1: Income Tax
1. Profit and gains from business profession (IMP this time)
2. Capital gain
3. Income from the head Salaries(Most IMP this time)
4. TDS provisions (Most IMP for practical life)
5. Deductions (IMP evergreen)
Part 2: Service Tax and VAT
1. Services (Amendment related matter must)
2. Provision related to service tax (for theory)
3. VAT-Cenvat credit
4. VAT-Input vat credit

Paper 5: Advanced Accounting
1. AS
2. Insurance comapnies' financial statement
3. Banking companies financial statements
4. Branch accounts OR Dept Accounts
5. Advancded issue in Partnership or Amalgamation (if asked in 1st grp then chances to ask by them is 70:30)

Paper 6: Auditing and Assurance
1. Intro of Audit (with relevent SAs relating to this chap)
2. Basic concept of Audit (with relevent SAs relating to this chap)
3. Company audit
4. CARO related provisions
5. Special audit

Paper 7: Info tech and SM
Part 1: Information technology
1. Inro to computers (amendments in study materials)
2. data storage and retrieval
3. Flow charting/decision table
4. Internet
Part 2: SM
1. Formulation of functional stretagies
2. Strategy implematation
3. Reaching the strategic edge
4. Bus environment/ Stretagic planning

All the best

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