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.