Courses

Revised Scheme of Education and Training for Chartered Accountancy Course w.e.f 1st JULY 2017


 Revised Scheme: Route I – FoundationCourse                 


Under the Foundation Course Route, the following steps are required:

Register with Board of Studies (BOS) after appearing in Class XII examination till June     30/Dec 31.
Be eligible to appear for Foundation examination after passing Class XII examination. The first foundation examination can be taken in November/May, as applicable, following passing of class XII examination.

Qualify Foundation Course.

Register with the BoS for the Intermediate Course.
Complete 8 months of study course.
Appear and pass in either or both Groups of Intermediate Course.
Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skill (ICITSS) before commencement of the Practical Training.
Register for Three Years Practical Training on passing either or both the Groups of Intermediate Course.
Register for the Final Course after qualifying both the Groups of Intermediate Course.
Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.
Complete Practical Training.
Appear in Final Examination after completion of Practical Training and Advanced ICITSS.
Become Member.
#Note: ICAI has decided in principle the above mentioned Scheme. However, the scheme will be notified in the official Gazette in due course.


     Revised Scheme: Route II – Direct Entry Route   #   

The ICAI allows Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and Intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India to enter directly to its Intermediate Course. The following steps are required to be undertaken by the eligible Graduates and Post Graduates under this route:
Register with the BOS for the Intermediate course(provisional registration allowed to the students doing Final year of graduation).
Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skill (ICITSS)before commencement of the Practical Training.
Register for Three Years Practical Training.
Appear in Intermediate Examination after Nine months of Practical Training.
Qualify Intermediate Course.
Register for the Final Course after qualifying both Groups of Intermediate Course.
Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.
Complete Practical Training.
Appear in Final examination after completion of Practical Training and advanced ICITSS.
Become Member.
Note: Candidates who have passed intermediate level examination of ICSI or ICWAI and enter the CA Intermediate course directly shall be treated at par with Foundation passed students and shall have to undergo the CA course in the manner akin to the Foundation passed students.

Foundation Course

Number and Name of Papers
Number of Papers - 
Paper 1: Principle and practices of Accounting (100 Marks)-    Descriptive Examination

Paper 2: Business  Law & Business correspondence and Reporting (100 Marks)-                                        

 Descriptive Examination

Part  I: Business  Law (60 Marks)  

Part  II: Business correspondence and Reporting (40 Marks)

Paper 3*: Business Mathematics and Logical Reasoning & Statistics (100 Marks) -

                                                                               Exam. MCQ - Objective  
Part  I: Business Mathematics and Logical Reasoning (60 Marks)
Part  II: Statistics (40 Marks)
Paper 4*: Business Economics & Business and Commercial Knowledge (100 Marks)-

                                                                             Exam. MCQ - Objective

Part  I: Business Economics (60 Marks)
Part  II: Business and Commercial Knowledge (40 Marks)
*Paper 3 and Paper 4 will be Objective type papers.
Note
Passing percentage: Aggregate-50% and Subject-wise- 40% at one sitting.
Objective type question of 1 or more marks.
Examination: In the month of November and May after passing Class XII.

Intermediate Course

Number and Name of Papers
Number of papers – 8
Group I
Paper I: Accounting (100 Marks)
Paper2:  Corporate Laws & Other Laws (100 Marks)
Part   I: Corporate Laws (60 Marks)
Part   II: Other Laws (40 Marks)
Paper3: Cost and Management  Accounting (100 Marks)
Paper4: Taxation (100 Marks)
Section A: Income Tax Laws (60 Marks)
Section B: Indirect Taxes (40 Marks)

Groups II
Paper 5: Advanced Accounting (100 Marks)
Paper 6: Auditing and Assurance (100 Marks)
Paper 7: Enterprises Information System and Strategic Management (100 Marks)
Section A:  Enterprises Information System (50 Marks)

Section B:  Strategic Managementt (50 Marks)

Paper 8: Financial Management & Economics for Finance (100 Marks)

         Section A: Financial Management (60 Marks)

Section B: Economics for Finance (40 Marks)

Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)
Duration: 4 weeks (2 weeks for soft skills and 2 weeks for IT)
When to complete: Students registering for the Intermediate Course shall be required to successfully complete ICITSS before commencement of Practical Training.
  

Practical Training

Duration of Practical Training : Three Years
Commences after completing Integrated Course on Information Technology and Soft Skills (ICITSS) and passing either or both Groups of Intermediate Examination.
For direct entrance coming through Graduation and Post Graduation route, the Practical Training commences immediately after they complete four weeks ICITSS.
Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS)
Duration: 4 weeks (2weeks for Soft Skills and 2 weeks for Advance IT)
When to complete: Students undergoing practical Training shall be required to do AICITSS during the last 2 years of Practical Training but to complete the same before appearing in the Final Examination.

Final Course

Number and Name of Papers
Number of Papers – 8
Group I
Paper 1:   Financial Reporting (100 Marks)
Paper 2:   Strategic Financial Management (100 Marks)
Paper 3:   Advanced Auditing and professional Ethics (100 Marks)
Paper 4:   Corporate Laws and other Economic Laws (100 Marks)
Group II
Paper 5 :   Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6 :   Elective Paper (100 Marks) (one to be chosen from the list of Elective Papers)

Elective Papers

Risk Management

International Taxation

Economics Laws

Financial Service &Capital Markets

Global FinancialReporting Standards

Multidisciplinary Case Study

Paper 7:    Direct Tax Laws & International Taxation
Part I:   Direct Tax Laws (70 Marks)
Part II: International Taxation (30 Marks)
Paper 8:   Indirect Tax Laws (100 Marks)

        Part I: Goods and Service Tax(75 marks)

       Part II: Customs and FDP (25 marks)

Notification By

Board of Studies
The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
‘ICIA Bhavan’ Post Box No – 7100, Indraprastha Marg



CS-Company Secretary

The Institute of Company secretaries of India (ICSI) is a premier national professional body established by act of parliament to develop and regulate the profession of Company Secretaries. Career as a Company Secretary is not only prestigious and financially rewarding but also carries with it a high level job 


CS- Company Secretary

CS- Course Full Structure and Fees Details 

 The student who would like to join the Course after 10+2 pass or equivalent has to undergo three stages to pursue the Company Secretaries Course i.e. 

     1. Foundation Programme 
     2. Executive Programme
     3. Professional Programme

The Student who would like to join the Course after passing the Graduation has to undergo two stages of the Company Secretary ship i.e. 

     1. Executive Programme
     2. Professional Programme

Foundation Programme which is of eight months duration can be pursued by 10+2 pass or equivalent students of Arts, Science or Commerce stream (Excluding Fine Arts)
Executive Programme can be pursued by a Graduate of all streams except Fine Arts 
Professional Programme can be pursued only after clearing the Executive Programme of CS Course

Admission to the CS Course is open throughout the Year

Examinations are held twice a year in June & December

Cut off dates for admission to CS course

For Foundation Programme:31st March for appearing in December Examination in the same year

                                                   30th september for June Examination next year

For Executive Programme:28th February for appearing both modules in

                                               December exams in the same year

                                               31st May for appearing in single module in

                                               December Examination in the same year

                                               31st August for appearing in both modules in June Exam in the next year

                                               30th november for appearing single module in

                                               June examination in the next  year

Subjects For CS Course:

There are 4 papers in CS  Foundation Programme
1. Business Environment and Law 

2. Business Management, Ethics and Entrepreneurship

3. Business Economics

4. Fundamentals of Accounting and Auditing


There are 7 papers divided into 2 Modules in CS Executive Programme (w.e.f.01.02.2013)

Module I (4 Papers)

1. Company Law
2. Cost and Management Accounting
3. Economic and Commercial Laws
4. Tax Laws and Practice

Module II (3 Papers)

I. Company Accounts and Auditing Practices
II. Capital Markets and Securities Laws
III. Industrial, Labour and General Laws

Professional Programme (New syllabus) w.e.f. 1st September 2013

Module I 

i. Advanced Company Law and Practice
ii. Secretarial Audit, Compliance Management and Due Diligence
iii. Corporate Restructuring, Valuation and Insolvency

Module II

iv. Information Technology and Systems Audit
v. Financial, Treasury  and Forex Management
vi. Ethics, Governance and Sustainability

Module III

i. Advanced Tax Laws and Practice
ii. Drafting, Appearances and Pleadings

iii. Elective 1 out of below 5 subjects

         9.1   Banking Law and Practice
         9.2   Capital, Commodity and Money Market
         9.3   Insurance Law and Practice
         9.4   Intellectual Property Rights – Law and Practice
         9.5   International Business – Laws and Practices

Fee structure for CS Course

CS Foundation Programme      -  4,500/- 
CS Executive Programme          - 9,000/- for Commerce Graduate

                                                       - 12,500/- CPT Passed of ICAI/Foundation passed of ICAI-CMA   
                                                       - 10,000/-  for Non commerce students 
                                                       - 8,500/- for CS Foundation passed  students
CS Professional Programme     - 12,000/-

Examination Fee

Foundation Programme      -    1,200/-

Executive Programme          -    1,200/- per module 

Professional Programme     -    1,200/- per module

Last date for submission of application for appearing in the examination

                           25th March (With late fee of  250/- till 9th April)
                           25th September (With late fee of  250/- till 10th October)

Medium of Examination


The Institute allows facility to students to appear in examination in English as well as in Hindi. (Except

Business Communication subject for Foundation Programme)


Qualifying marks

A candidate is declared to have passed the Foundation/Executive/Professional Examination, if he/she

secures at one sitting a minimum of 40% marks in each paper and 50% marks in the aggregate of all

subjects.

Time limit for completing CS Examination

A student is required to complete the Executive and the Professional examination within the

registration period. However, on payment of requisite fees the validity of registration may be renewed

or extended for further period subject to fulfilling the applicable guidelines.

Qualifying marks

A candidate is declared to have passed the Foundation/Executive/Professional Examination, if he/she

secures at one sitting a minimum of 40% marks in each paper and 50% marks in the aggregate of all

subjects.

Time limit for completing CS Examination

A student is required to complete the Executive and the Professional examination within the

registration period. However, on payment of requisite fees the validity of registration may be renewed

or extended for further period subject to fulfilling the applicable guidelines.

Existing Practical experience and training requirements

The students are required to undergo the following trainings:

7 days Student Induction Programme (SIP) 

Within six months of Registration to Executive Programme or exempted there from for becoming

eligible to seek enrolment to appear in Executive Programme Examination.  

70 hours compulsory computer training program

For becoming eligible to seek enrolment to appear in Executive Programme Examination.  

8 days Executive Development Programme (EDP)

After passing the Executive Programme and before commencement of 15 months training.

25 hours of Professional Development Programme (PDP) during 15 months training
15 months training

After passing the Executive Programme or Professional Programme on completion of Student

Induction Programme and Executive Development Programme with companies and Company

Secretaries in Practice registered with the Institute for imparting training.

3 months practical training is required to be undergone by the student if the student completes

professional programme examination and exempted from undergoing at least 12 months training on

the basis of Company Secretaries Regulations, 1982, as amended on submitting the documents to the

Institute and fulfils the requirement of Regulation 48.

This training will be exempted to the students who have undergone 15 months training.

15 days training in a specialized agency

Such as Registrar of Companies (ROC)/Stock Exchange/Financial and Banking Institution/Management

Consultancy Firm can only be commenced if the student completes SIP, EDP, 15 months training and

having passed professional programme examination.

15 days Management Skills Orientation Programme (MSOP)

After Professional Programme and on completion of Executive Development Programme and 15

months training.

15 days training in a specialized agency

Such as Registrar of Companies (ROC)/Stock Exchange/Financial and Banking Institution/Management Consultancy Firm can only be commenced if the student completes SIP, EDP, 15 months training and having passed professional programme examination

15 days Management Skills Orientation Programme (MSOP)

After Professional Programme and on completion of Executive Development Programme and 15

months training.

The students can be exempted from undergoing training totally or partially depending on the practical

experience possessed by them on fulfilling the requirement of the Company Secretaries Regulations, 1982,

as amended, on submitting the relevant documents.


A student after passing the Professional Programme may enrol as ‘Licentiate ICSI’ at his/her option until

completion of training requirements.

Detailed Syllabus

Foundation Programme 

Paper 1 Business Environment & Entrepreneurship

                Part A: Business Environment (30 Marks)

                       Business Environment

                       Forms of Business Organization

                       Scales of Business

                       Emerging trends in business – Concepts, Advantages & Limitations

                       Business Functions

                Part B: Business Laws (40 Marks)

                       Introduction to Law

                       Elements of Company Law

                       Elements of Law relating to Partnership

                       Elements of Law relating to Contract

                       Elements of Law relating to Sale of Goods

                       Elements of Law relating to Negotiable Instruments

                Part C: Entrepreneurship (30 Marks)

                       Entrepreneurship

                       Entrepreneurship – Creativity and Innovation

                       Growth & Challenges of Entrepreneurial Venture

                       Business Management, Ethics and Communication

Paper II: Business Management,Ethics and communication

                Part A: Business Management (40 Marks)

                       Nature of Management and its Process

                       Planning

                       Organisation

                       Human Resource Management

                       Direction and Co-ordination

                       Controlling

                       Recent Trends in Management

            Part B: Business Ethics (20 Marks)

                       Business Ethics

            Part C: Business Communication (40 Marks)

                       Business Communication

                       Essentials of Good English

                       Business Correspondence
                       Administration

                       Inter-departmental Communication

                       Preparation of Press Releases

                       Correspondence

                       Paper III:Business Economics

            Part A: Economics (70 Marks)

                      Nature and Scope of Economics

                      Theory of Demand and Supply

                      Theory of Production, Costs and Revenue

                      Forms of Markets and its Equilibrium

                      Money and Banking

                      Basic Characteristics of Indian Economy

                      Selected Areas of Indian Economy

            Part B: Elementary Statistics (30 Marks)

                     Statistics: An Overview

                     Collection and Presentation of Statistical Data

                     Measures of Central Tendency

                     Mathematics of Finance

                     Probability

                     Index Numbers and Time Series Analysis

                     Fundamentals of Accounting and Auditing

            Part A: Fundamentals of Accounting (70 Marks)

                    Theoretical Framework

                    Accounting Process

                    Bank Reconciliation Statement

                    Depreciation Accounting

                    Preparation of Final Accounts for Sole Proprietors

                    Partnership Accounts

                    Introduction to Company Accounts

           Part B: Fundamentals of Auditing (30 Marks)

                    Auditing

                    Audits and Auditor’s Report

Executive Programme

                                               Module I

              Paper 1 : Company Law (100 Marks)

                   Introduction 

                   Incorporation and its Consequences

                   Financial Structure

                   Membership in a Company

                   Management and Control of Companies

                   Investments, Loans and Deposits

                   Accounts and Audit

                   Dividends

                   Registers, Forms and Returns

                   Inspection and Investigation

                   Majority Rule and Minority Rights

                   Merger,  De-merger, Amalgamation, Compromises and Arrangements - An overview

                   Producer Companies

                   Limited Liability partnerships

                   Application of Company law to different sectors

                   Offences and Penalties

                   Compounding of offences

                   Winding up of companies – An overview

                   Striking off name of companies

                  An introduction to E-Governance and XBRL

            Paper 2 : Cost and Management Accounting

                  Introduction to cost and management accounting

                  Material Cost

                  Labour Cost

                  Direct expenses and overheads

                  Activity based costing

                  Cost records

                  Costing systems

                  Marginal costing

                  Standard Costing

                  Budget, Budgeting and Budgetary Control

                  Cost Accounting Records and Cost Audit

                  Analysis and Interpretation of Financial Statements

           Paper 3 : Economic and Commercial Laws (100 Marks)

           PART  A : (70 Marks)

                 Foreign Exchange Management

                 Foreign Trade Policy and Procedures

                 Competition and Consumer Protection

                 Intellectual Property rights

                 Law relating to Arbitration and Conciliation

                 Law relating to Transfer of Property

                 Law relating to Stamps

                 Law relating to Contract

                 Prevention of Money Laundering

          PART  B : (30 Marks)

                Law relating to Essential Commodities, Weights and Measures

                Law relating to Societies

                Law relating to Trusts

                Industries Development and Regulation

                Law relating to Pollution Control and Environmental Protection

                Law relating to Registration of Documents

          Paper  4 : Tax Laws and Practice (100 Marks)

              PART A : Income Tax and Wealth Tax (70 Marks)

               Basics and Definitions – Income Tax Act, 1961

               Income which do not form part of Total Income

               Computation of Total Income under various Heads

               Income of other persons included in assessee’s Total Income

               Taxation of Individuals

               Classification and Tax Incidence on Companies

               Tax Deducted at Source, Tax Collected at Source, Recovery and Refund of Tax

               Assessment Procedure

               Tax Planning and Tax Management

               Wealth Tax Act, 1956

               Basic Concepts of International Taxation

               Transfer Pricing

               General Anti Avoidance Rules (GAAR)

         PART B : Service Tax and Sales Tax (30 Marks)

              An overview of Service Tax 

              An overview of Value Added Tax

                                             Module II

         Paper 5 : Company Accounts and Auditing Practices (100 Marks)

           PART A : Company Accounts (70 Marks)

               Share Capital

               Debentures

               Final Accounts of Companies

               Corporate Restructuring

               Consolidation of Accounts

               Valuation of Shares and Intangible Assets

               Liquidation of Company

               Corporate Financial Reporting

               Accounting Standards

           PART B : Auditing Practices (30 Marks)

              Auditing Concepts

              Types of Company Audit

              Internal Audit

              Internal Control

              Review of Internal Control

              Audit Engagement and Documentation

     Paper 6 : Capital Market and Securities Laws (100 Marks)

           PART A : Capital Market (60 Marks)

             Overview of Capital Market

             Capital Market Instruments and Rating

             Securities Market Intermediaries

             Market Infrastructure Institutions - Stock Exchanges

             Debt Market

             Money Market

             Mutual Funds

             Venture Capital

             Collective Investment Schemes

             Resource Mobilization in International Capital Market

             Indian Depository Receipts

          PART B : Securities Law (40 Marks)

            Securities Contracts (Regulation) Act, 1956
            SEBI Act, 1992

            Depositories Act, 1996

            Issue and Listing of Securities

            Regulatory Framework relating to Securities Market Intermediaries

            An Overview of Law relating to Insider Trading and Takeovers

     Paper 7 : Industrial, Labour And General Laws (100 Marks)

       PART A : Industrial And Labour Laws (70 Marks)

           Factories Act, 1948

           Minimum Wages Act, 1948

           Payment of Wages Act, 1936

           Equal Remuneration Act, 1976

           Employees' State Insurance Act, 1948

           Employees' Provident Funds and Miscellaneous Provisions Act, 1952

           Payment of Bonus Act, 1965

           Payment of Gratuity Act, 1972

           Employees Compensation Act, 1923

           Contract Labour (Regulation and Abolition) Act, 1970

           Maternity Benefit Act,1961

           Child Labour (Prohibition and Regulation) Act, 1986

           Industrial Employment (Standing Orders) Act, 1946

           Industrial Disputes Act, 1947

           Trade Unions Act, 1926

           The Labour Laws Exemption from Furnishing Returns and Maintaining Register by Certain                        Establishments Act, 1988

           Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959

           Apprentices Act, 1961

           Labour Audit covering the above Acts and those Industry specific Acts

   PART B : General Laws (30 Marks)

          Constitution of India

          Interpretation of Statutes

          An Overview of Law relating to Specific Relief; Limitation and Evidence

          Code of Civil Procedure

          Indian Penal Code and Criminal Procedure Code

          Right to Information




CMA - Cost Accountancy



The Institute of Cost Accountants of India is a premier professional body of management accountants in the country established on 28th may 1959 under the Cost and Works Accountant, Act 1959 as amended by the cost and works Accountant (Amendment) Act, 2006 enacted by the parliament to regulate the profession of cost and management Accounting in India.

Different stages in Cost Accountancy Course (CMA):

 

  Eligibility :

Ø A candidate who has passed class 10 or equivalent from a recognised board or institution can seek enrolment in foundation course.

Ø A candidate who has completed Class XII or equivalent exam can appear for Foundation Course Examination.

Ø Any candidate who has passed the foundation examination conducted by the Institute of Company Secretaries of India will be exempted from Foundation Course & vice versa.

Ø Any candidate who has passed the intermediate examination conducted by the Institute of Chartered Accountants of India will be exempted from Foundation Course & vice versa.

Ø Candidates who have passed the qualifying examination for direct admission to intermediate course are exempted from Foundation Course.

Ø Candidates awaiting results of 10+2 examination may also apply for provisional admission.

 

Cut off date for admission to Foundation Course:         

o   For June term examination – 31st January of same calendar year

o   For Dec term examination  –  31st July of the same calendar year

Registration Fee – Rs. 4,000/- (Payable to Institute of Cost Accountants of India)

         Examination :

   PAPER – 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT

               CONTENTS           Weightage

Section A : Fundamentals of Economics

   1. Basic concepts of Economics       20%

   2. Forms of Market       20%

   3. Money and Banking       10%

Section B : Fundamentals of Management 

   4. Management Process        50%


         Paper 2: Fundamentals of Accounting (FOA)

                                       CONTENTS         Weightage

Section A : Fundamentals of Financial Accounting

    1. Accounting Fundamentals   35%

    2. Accounting for Special Transactions   20%

    3. Preparation of Final Accounts   25%

Section B: Fundamentals of Cost Accounting 

    4. Fundamentals of Cost Accounting                       20%


              Paper 3: Fundamentals of Laws and Ethics (FLE)

                   CONTENTS Weightage

 Section A : Fundamentals of Commercial Laws

  1. Indian Contracts Act, 1872      40%

  2. Sale of Goods Act, 1930                20%

  3. Negotiable Instruments Act, 1881                10%

 Section B : Fundamentals of Ethics

  4. Ethics and Business      30%


Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS)

                                      CONTENTS                 Weightage

      Section A : Fundamentals of Business Mathematics

  1. Arithmetic                       20%

  2. Algebra                                 20%

      Section B : Fundamentals of Business Statistics

  3. Statistical representation of Data            10%

  4. Measures of Central Tendency and Dispersion            30%

  5. Correlation and Regression            10%

  6. Probability                      10%


Detailed Syllabus :

Paper 1: Fundamentals of Economics and Management (FEM) (100 Marks)

A: Fundamentals of Economics (50 Marks)

Ø   Basic Concepts of Economics, Utility, Wealth, Production

Ø  Theory of Demand and Supply

Ø   Forms of Market

Ø   National Income

Ø   Money

Ø   Banking

B: Fundamentals of Management (50 Marks)

Ø   Management Process, Evolution of Management thought

Ø   Concept of Power, Authority, Responsibility, Accountability, Delegation of Authority, Centralisation & Decentralisation ; Leadership and Motivation

Ø   Group Dynamics ; Management of organizational conflicts

Ø   Decision making

 

Paper 2: Fundamentals of Accounting (FOA) (100 Marks)

A: Fundamentals of Financial Accounting (80 Marks)

Ø Accounting Process

Ø Reconciliation Statements

Ø Accounting for Depreciation

Ø Preparation of Financial Statements

Ø Accounting for special transactions

B: Fundamentals of Cost  Accounting (20 Marks)

Ø                                                                       Fundamentals of Cost Accounting

Ø                                                               Preparation of Cost Statements

Ø         Paper 3: Fundamentals of Laws and Ethics (FLE) (100 Marks) 

A: Fundamentals of Commercial Laws (70 Marks)

Ø Law of Contracts

Ø Laws relating to Sale of Goods

Ø Negotiable Instruments Act, 1881

B: Fundamentals of Ethics (30 Marks)

Ø   Ethics and Business

 

         Paper 4: Fundamentals of Business Mathematics and Statistics (FBMS) (100 Marks)          

A: Fundamentals of Business Mathematics (40 Marks)

Ø   Arithmetic

Ø   Algebra

Ø   Calculus

B: Fundamentals of Business Statistics (60 Marks)

Ø   Statistical Representation of Data

Ø   Measures of Central Tendency and Dispersion

Ø   Correlation and Regression

Ø   Index Numbers

Ø   Time Series Analysis – basic application including Moving Average

Ø   Probability

Ø   Theoretical Distribution



Eligibility :

Ø   Passed (10+2) and Foundation Course of the Institute of Cost Accountants of India or qualified the Foundation (Entry Level) Part I Examination of Certificate in Accounting Technicians (CAT) course of ICAI or Degree examination of any recognised university or equivalent.

Ø   Candidates awaiting results of qualifying examinations may also apply for provisional admission.

Ø   Registration fees: Rs. 500/-

Ø   Registration must be at least six months prior to the month of examination.


Cut - off date for registration to Intermediate Course :             

o   For June term examination – 31st January of same calendar year

o   For Dec term examination  –  31st July of the same calendar year

Registration Fee – Rs. 20,000/- (Payable to Institute of Cost Accountants of India)

Examination :

Group I:

               Paper 5: Financial Accounting (FA)

        CONTENTS                     Weightage

Section-A : Accounting – Basics

    1. Fundamentals of Accounting     25%

    2. Accounting for Special Transactions

Section-B : Preparation of Financial Statements               40%

    3. Preparation of Final Accounts of Profit Oriented 

  organizations, Non-Profit Organizations and from 

Incomplete Records.

    4. Partnership Accounts

Section-C : Self Balancing Ledgers, Royalties, Hire Purchase 

& Installment System, Branch & Departmental Accounts.

    5. Self-Balancing Ledgers     20%

    6. Royalties, Hire-Purchase and Installment System

    7. Branch and Departmental Accounts

Section-D : Accounting in Computerised Environment and 

            Accounting Standards

    8. Overview of Computerised Accounting    15%

    9. Accounting Standards (Specified only)


         Paper 6: Laws, Ethics and Governance (LEG)

                                 CONTENTS     Weightage

Section A : Commercial Laws             30%

    1. Indian Contract Act, 1872

    2. Sale of Goods Act, 1930

    3. Negotiable Instruments Act, 1881

    4. Indian Partnership Act, 1932

    5. Limited Liability Partnership Act, 2008

Section B : Industrial Laws             25%

   6. Factories Act, 1948

   7. Payment of Gratuity Act, 1972

   8. Employees Provident Fund Act, 1952

   9. Employees State Insurance Act, 1948

 10. Payment of Bonus Act, 1965

 11. Minimum Wages Act, 1948

 12. Payment of Wages Act, 1936

Section C : Corporate Law             35%

 13. Companies Act 2013

Section D : Ethics  10%

 14. Business Ethics

                       

                    Paper 7: Direct Taxation (DTX)

                   CONTENTS         Weightage

   SECTION – A: INCOME TAX ACT BASICS

           1. Introduction to Income Tax Act, 1961   10%

          2. Income which do not form part of Total Income

           (Section 10, 11 to13A)

    SECTION – B: HEADS OF INCOME AND COMPUTATION OF

                            TOTAL INCOME AND TAX LIABILITY                70%

3. Heads of Income and Computation of Total Income

            under various heads.

          4. Clubbing Provisions, Set off and Carry forward of

             Losses, Deductions.

          5. Assessment of Income of different persons.

          6. Corporate Taxation

          7. TDS, TCS and Advance Tax.

    SECTION C : ADMINISTRATIVE PROCEDURES AND ICDS

8. Administrative Procedures.     20%

          9. Income computation and disclosure standards – Basic

           Concepts only

   Paper 8: Cost Accounting and Financial Management (CAFM)

                        CONTENTS     Weightage

    1. INTRODUCTION TO COST ACCOUNTING 40%

    2. COST ASCERTAINMENT - ELEMENTS OF COST

    3. COST ACCOUNTING STANDARDS

    4. COST BOOK KEEPING

    5. METHODS OF COSTING           30%

    6. COST ACCOUNTING TECHNIQUES           30%


Group II:


Paper 9: Operation Management and Information Systems (OMS)

                       CONTENTS   Weightage

Section – A: Operations Management

   1. Operations Management – Introduction                   15%

   2. Operations Planning

   3. Designing of operational systems and control         35%

   4. Production planning and control

   5. Productivity management and quality management

   6. Project Management        20%

   7. Economics of Maintenance and spares management

Section – B : Strategic Management

  8. Strategic Management Introduction

  9. Strategic Analysis and Strategic Planning      30%

10. Formulation and Implementation of Strategy


Paper 10: Cost and Management Accountancy (CMA)

                        CONTENTS Weightage

Section A: Cost & Management Accounting

 1. Cost and Management Accounting – Introduction     50%

 2. Decision Making Tools

 3. Budgeting and Budgetary Control

 4. Standard Costing and Variance Analysis

 5. Learning Curve

Section B: Financial Management

 6. Introduction to Financial Management      50%

 7. Tools for Financial Analysis and Planning

 8. Working Capital Management

 9. Cost of Capital, Capital Structure Theories, Dividend

      Decisions and Leverage Analysis

10. Capital Budgeting – Investment Decisions

                         

               Paper 11: Indirect Taxation (ITX)

                     CONTENTS  Weightage

1. Canons of Taxation - Indirect Tax                  35%

2. Central Excise

3. Customs Law       15%

4. Service Tax       30%

5. Central Sales Tax and VAT                 20%


      Paper 12: Company Accounts and Audit (CAA)

                                CONTENTS             Weightage

Section A : Accounts of Joint Stock Companies

      1. Accounting of Shares and Debentures

      2. Presentation of Financial Statements (as Per Schedule III)        25%

      3. Cash Flow Statement

      4. Accounts of Banking, Electricity and Insurance Companies      25%

      5. Accounting Standards (AS-11, 12, 15, 16, 17, 18 and 19)

Section B : Auditing

      6. Auditing Concepts                        20%

      7. Provision relating to Audit under Companies Act        30%


Procedure For Enrollment to Final Course:

Ø Only the candidates who have passed Intermediate Examination of the Institute of Cost Accountants of India are eligible for admission to Final Course.

Ø Copy of Intermediate Pass Mark sheet is to be furnished along with the Admission Form.

Ø Admission must be at least six months prior to the month of Examination.

Ø Student from foreign countries should submit the forms to the Headquarters only.

 

Last Date for Enrolment to Final Course:

           

o   For June term examination – 31st January of same calendar year

o   For Dec term examination  –  31st July of the same calendar year

Registration Fee – Rs. 17,000/- (Payable to Institute of Cost Accountants of India)

 

Examination:

             §  Group III:

        Paper 13: Corporate Laws and Compliance (CLC)

                       CONTENTS    Weightage

SECTION A: COMPANIES ACT

   1. The Companies Act, 2013                      50%

SECTION B: OTHER CORPORATE LAWS         30%

  2. SEBI Laws and Regulations

  3. The Competition Act,2002 and its role in Corporate

                Governance

  4. Foreign Exchange Management Act,1999

  5. Laws related to Banking Sector

  6. Laws related to Insurance Sector

SECTION C: CORPORATE GOVERNANCE         20 %

  7. Corporate Governance

  8. Social, Environmental and Economic Responsibilities of Business


Paper 14: Advanced Financial Management (AFM)

                              CONTENTS Weightage


   Section A : Investment Decisions

   1. Investment Decisions, Project Planning and Control

   2. Evaluation of Risky proposals for Investment decisions    25%

   3. Leasing Decisions

Section B : Financial Markets and Institutions     20%

   4. Institutions in Financial Markets

   5. Instruments in Financial Markets

   6. Capital Markets

   7. Commodity Exchange

Section C : Security Analysis and Portfolio Management     25%

    8. Security Analysis & Portfolio Management

Section D : Financial Risk Management     30%

    9. Financial Risks & Management

 10. Financial Derivatives - Instruments for Risk Management

 11. Financial Risk Management in International Operations


Paper 15: Business Strategy and Strategic Cost Management (BSCM)

                            CONTENTS     Weightage

SECTION A: COST MANAGEMENT        20%

  1. Cost Management

SECTION B: STRATEGIC COST MANAGEMENT TOOLS 

              AND TECHNIQUES                     50%

  2. Decision Making techniques

  3. Standard Costing in Profit Planning

  4. Activity Based Cost Management – JIT and ERP

  5. Cost of Quality and Total Quality Management

SECTION C: STRATEGIC COST MANAGEMENT – APPLICATION

          OF STATISTICAL TECHNIQUES IN BUSINESS DECISIONS.   30%

  6. Application of Operation Research and Statistical Tools in

     Strategic Decision Making.


          Paper 16: Tax Management and Practice (TMP)

                    CONTENTS Weightage

Section A : Advanced Direct Tax Laws     50%

  1. Return of Income & Assessment Procedure

  2. Assessment of Various Entities & Tax Planning

  3. Clubbing of Income

  4. Set-Off and Carry forward and Set-off of losses

  5. Deduction in Computing Total Income

  6. Business Restructuring

  7. Administrative procedures under Direct Taxation

   8. Grievances Redressal Procedure

   9. Settlement of Cases

 10. Black Money Act, 2015

Section B : International Taxation

 11. Double Taxation Avoidance Agreements (DTAA)   30%

 12. Transfer Pricing Issues

Section C : Tax Practice and Procedures   20%

 13. Case Study Analysis


§  Group IV:

      Paper 17: Strategic Performance Management (SPM)

                                CONTENTS Weightage

Section A : GAAP and Accounting Standards                30% 

   1. Accounting Standards

Section B: Accounting of Business Combinations &

                    Restructuring                                                           20%

 2. Accounting of Business Combinations & Restructuring

Section C : Consolidated Financial Statements                 20%

 3. Group Financial Statements

Section D: Developments in Financial Reporting    15%

 4. Recent Trends in Financial Reporting

 5. Valuation, Accounting and Reporting of Financial

              Instruments and others

 6. Share based payments

 7. Reporting through XBRL (Extended Business

               Reporting Language)

Section E: Government Accounting in India   15%

 8. Government Accounting Procedure and Standards


            Paper 18: Corporate Financial Reporting (CFR)

                                     CONTENTS         Weightage

Section A : Advanced Indirect Tax - Laws & Practice

  1. Central Excise                20%

  2. Customs law                           10%

  3. Service tax                           30%

  4. Foreign Trade Policy (with special reference to Tax

      Planning)                10%

  5. Central Sales Tax & Value Added Tax      10%

Section B : Tax Practice and Procedures

  6. Case study analysis                20%


    Paper 19: Cost and Management Audit (CMAD)

                                CONTENTS  Weightage

Section A: Cost Audit                             35%

  1. Nature, Scope, utility and Advantages of Cost Audit

  2. Companies (Cost Records & Audit) Rules,2014

  3. Professional Ethics, Misconduct, Offences and Penalties

  4. Cost Accounting Standards

  5. Cost Auditing and Assurance Standards

  6. Format of Cost Audit Report – XBRL – Salient Features

Section B: Management Audit      15%

  1. Management Reporting issues under Cost Audit

  2. Management Audit – Meaning, Nature, Scope etc 

  3. Energy Audit, Efficiency Audit, Propriety Audit and

       Systems Audit

  4. Evaluation of Corporate Image - Corporate Development

       Audit –

  5. Impact of environmental pollution

Section C: Internal Audit, Operational Audit and other

                    related issues                                                          25%

  1. Concept of Internal Audit

  2. Provisions of Internal Audit under Companies Act, 2013

  3. Audit Planning, Audit Programme, Audit working papers

  4. Receivables Audit, Audit of services and local bodies

Section D: Case Study on Performance Analysis   25%


Paper 20: Financial Analysis and Business Valuation (FABV)

                                                     CONTENTS Weightage

Section A : Strategic Performance Management              50%

  1. Conceptual Framework of Performance Management

  2. Performance Evaluation & Improvement Tools

  3. Economic efficiency of the firm— Impact analysis on Performance

  4. Enterprise Risk Management

Section B : Business Valuation       50%

  5. Business Valuation Basics

  6. Valuation in Mergers and Acquisitions

  7. Fair Value in Accounting Measurement

  8. Valuation of Intangibles

Exemptions:

Those who have passed a particular Group of Final Examination under syllabus 2008, willing to pursue the course under Syllabus 2012 would be eligible for exemption under syllabus 2012.

Coaching and Training:

Ø A student enrolled in Final Course under the syllabus 2012 has to undergo Coaching, Industry Oriented Training Programme and Practical Training.

Scheme for Refund of Fees to Physically Challenged Students:

Ø Institute allows refund of fees to Physically Challenged Students with 40% or more disability subject to production of evidences in support of their disabilities.

 

CMA - Cost Accountancy

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