Details for CA IPCC Important Topics, Questions for May 2017:
The next CA IPCC examination will be held in May 2017. Before the examination, the students generally searches for the most important topics, questions of CA IPCC. Here, we have given you the CA IPCC Important Topics and Questions for May 2017. Hope, it will help the students to get good marks in CA IPCC May 2017 examination. If the students want to get 60+ marks then it is better to prepare full syllabus of CA IPCC ca ipcc important questions.
CA IPCC Group 1 Important Questions | Topics
Paper 1: Accounting
- Partnership Accounts
- Not-for-profit organizations
- Hire purchase and installment system ( now it is not very much)
- Single Entry System (Accounting from incomplete records)
- Accounting in Computerized Environment ( continuously asked in last 8 attempts )
Paper 2: Busiess Laws, Ethics and Communications
- Companies Act 1956: Article of Association, Memoradum of Association, Share capital, Deposites and General body Meeting
- Business Laws: Contract Act 1872 (CPT’s basic concepts, Indemnity and guerentee, Special contracts); EPF and Misc. Act (Most IMP)
- Business Laws: Nagotiable Instrument Act (Discharge related points, basic points of the Act) ca ipcc important questions (Payment of Bonus and Gratuity Act (Most IMP))
- 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.
- Communications: Drafting deeds (Most IMP), Types of communication, Grapewyn communication.
Paper 3: Cost Accounting and financial management
Part 1: cost accounting
- Process costing
- Contract costing
- Marginal costing (may be with operating costing)
- Standard cosing (may be with budgetary control)
- Intigral and non-integral accounting OR Labour
Part 2: financial management
- Cost of capital
- Capital structure
- Capital budgeting
- Sources of finance (for theory)
- Working capital OR Leverages
Paper 4: Taxation
Part 1: Income Tax
- Profit and gains from business profession (IMP this time)
- Capital gain ca ipcc important questions
- Income from the head Salaries(Most IMP this time)
- TDS provisions (Most IMP for practical life)
- Deductions (IMP evergreen)
Part 2: Service Tax and VAT
- Services (Amendment related matter must)
- Provision related to service tax (for theory)
- VAT-Cenvat credit
- VAT-Input vat credit
CA IPCC Group 2 Important Questions | Topics
Paper 5: Advanced Accounting
- Insurance comapnies’ financial statement
- Banking companies financial statements
- Branch accounts OR Dept Accounts
- Advanced issue in Partnership or Amalgamation (if asked in 1st group then chances to ask by them is 70:30)
Paper 6: Auditing and Assurance
- Intro of Audit (with relevant SAs relating to this chap)
- Basic concept of Audit (with relevant SAs relating to this chap)
- Company audit CA ipcc important questions
- CARO related provisions
- Special audit
- CA IPCC Registration, Exam Fees, Last Date for Nov 2017
- CA IPCC Admit Card for May 2017
- CA IPCC Amendments for May 2017 (All Amendments)
Paper 7: IT and SM
Part 1: Information technology
- Ch 1 – Need of BPM, Challenges in implementation of BPM, Success factors of BPR & ER Diagram.
- Ch 2 – BPM (Phases and its benefit) , Steps in BPA, DBMS (Advantages and disadvantages), Tablet, i-pad, i-pod, wifi, UMPC.
- Ch 3 – Advantage of computer network, Components of Telecommunication Network, LAN, VPN, Star & ring topologies (Advantages and disadvantages), Synchronous v/s. asynchronous, Transmission modes, Circuit switching, Factors responsible for vulnerabilities, Encryption, Firewall.
Business use of Internet and risk in e-commerce.
- Ch 4 – TPS, OAS, MIS, DSS & its component, Components of SCM, Core banking system & its element & Approaches to access control.
- CH 5 – BPA & its objective, Control objectives, Process control, Grid computing, Cloud computing & its advantages.
Part 2: SM
- Formulation of functional stretagies
- Strategy implematation
- Reaching the strategic edge
- Bus environment/ Stretagic planning
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