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Important Topics for IPCC ( Group 1 )


Accounts -

AS:- Criteria to be applied for rating a non-corporate entity as Level- II entity 7 AS 2,7,9,10,13. ( 16-20 Marks)
Bonus Issue - 4-8 Marks
Investment - 8 Marks
Amalgamation - 16 Marks
Partnership ( Retirement or Death ) - 16 Marks
Incomplete Record - 8 Marks
Theory - Pre-packaged Software & Customized Accounting Software (4 Marks)
Insurance - 8 Marks
Cash Flow Statement (8-12 Marks) - either in Accounts or FM
Account Current - 4 Marks

Law -

As such no important topic in Law. I am telling you approach for study in law. Start with Ethics, than communication except Deeds ( Practice Deed few days before exams ), next Contract Act, In Company Law - Prospectus, Meetings, Membership, Debenture, Charge, Share Allotment and next Bonus & Gratuity Act.

Costing & FM-

Costing:- Maximum, Minimum & Re-order Level(4-8 Marks), Halsey & RowaN Plan, Advantages of Integrated & Non-integrated Accounts (4 Marks) , Practical Question of Reconciliation (8 Mark),
Contract, Process, Marginal, Standard & Budgetary Control (8 Marks each )

FM:- CFS (16 Marks), Ratio (8 Marks), Cap. Bud. - IRR & NPV (8-10 Marks), Time Value (4 Marks), Cost of Capital ( Equity or WACC) & Theory question from Capital Structure Chapter (10-12 Marks), Working Capital (8 Marks)

Taxation:

Capital Gain & Gift or other sources ( Specially Amendments 10-16 Marks), PGBP ( Depreciation, Sec.32 AC - 8 Marks question on these specific topics), Set-off & c/f theory (5-8 Marks), TDS & Deduction Chapter ( 12-16 Marks), VAT - ( From Practice Manuaal as theory question will get repeated) , Service Tax - Sec.66D, Interest, Penalty, POT in case of service taxable first time, Threesold Limit, Small Service provider.

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All the best

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