Tag Archives: CA

CA/CMA/CS : Pursuing Multiple Courses Simultaneously


A student is permitted to take up any one or more of the three courses as is convenient to him/her.

Since all the three courses are related to the accounting profession itself, the subjects are all similar. The total academic syllabus to be studied contains a majority portion which is common to all the three courses.

Because of these similarities it would be possible for a student to take up the study of more than one course at the same time. Everything is dependent on the ability of the student and the academic support that he/she gets.Each course has its own area of specialization which is built over the common academic content.

One another factor that a student has to consider in deciding to do multiple courses is the expenditure that you he/she may have to incur. With systematic planning a candidate can attempt the three courses or at least two courses together along with their graduation/post graduation course in the formal stream.

Even the examination dates (which fall on the same dates of the year every year except under exceptional circumstances) would be convenient for the same. There would not be a clash of examination dates also. The only time there is a clash in exam dates is for CS and CWA/CMA in December.

A practical approach would be to attempt two courses together along with the formal graduation/post-graduation.

Same Subjects!!

Subject Course Level CA ICWA CS
Financial Accounting Fundamentals Foundation_CPT : 60 100 100
Business Mathematics and Statistics
Quantitative Techniques
Foundation_CPT : 50 100 50
Intermediate_ : 100
Economics Foundation_CPT : 50 50 100
Commerce and Business Fundamentals Foundation_ : 50
Business Communication Foundation_IPCC : 20 30 60
English Foundation_ : 40
Organisation and Management Foundation_ : 100 50
Information Technology and
Management Information Systems
Foundation_ : 50
Intermediate_IPCC : 100 100 50
Final : 100
Corporate Laws and Secretarial Practice Foundation_CPT : 25
Intermediate_IPCC : 60 40 200
Final : 100 300
General, Industrial
and Commercial Laws
Foundation_ : 25
Intermediate_IPCC : 40 30 200
Final : 100
Advanced Financial Accounting Intermediate_IPCC : 100 100 50
Final : 100
Corporate Communication Intermediate_ : 50
Cost and Management Accounting Intermediate_IPCC: 50 150 50
Final : 100 100
Direct Taxation Intermediate_IPCC : 50 50 60
Final : 100 40
Indirect Taxation Intermediate_IPCC : 50 50 40
Final : 100 60
Tax Management Final : 100
Auditing Intermediate_IPCC : 100 100
Final : 100 100 100
Financial Management
Financial Markets
International Trade
Intermediate_IPCC : 50 100
Final : 100 300 200
Operations Management Final : 50
Strategic Management and Marketing Final : 100
Human Resource Management Final : 100
Industrial Relations Final : 100

Note

  1. The numbers against a course level indicate the marks for the subject in the examination at that course level.
  2. Each paper in the examination is for 100 marks. Therefore, where there is a mark of less than 100, the subject is a part of a paper which also includes another subject. Where the marks are more than 100, the subject is present in more than one paper at that level in the examination.

How Possible?

As you can see above, if you are studying a subject as a part of the preparation for an examination, it would be equivalent to preparing for all the examinations in which the paper is present. Only the examination orientation changes.

Prepare in a subject to the highest depth possible at a level and attempt all the exams that have the subject as a paper. It is as easy as that…If you can go through the past question papers you would be able to manage this easily

Need to study additional subjects

Since all the courses do not have the same syllabi a candidate preparing for an examination at a particular level may have to prepare in additional subjects (compared to a candidate studying only one course) for attempting all the examinations.

The additional subjects that a candidate studies as a part of the preparation for the other courses would be of use while he/she studies the subsequent course level. For example, the “Information Systems” paper in CS foundation is a part of the IT papers in both CA and CWA/ICWA at the higher levels.

Beware!!!

It would be advantageous to do more than one course, provided a student is capable of coping up with the extra efforts one has to make as well as getting adopted to the needs of different examinations in the same subject at the same time.

Please do not take up more courses out of greed for achievement or hurry. If you start doing these courses with graduation, you have enough time to make a wonderful career. If you strongly feel that it would disturb your approach in any way, please refrain from doing multiple courses simultaneously.

For those who will and who can put efforts there is no reason why he/she should not.

There is a Restriction though!!!

Candidates taking up the professional accounting course of CA are allowed to pursue only one additional course in the related stream apart from CA while doing their articleship. Since articleship is pursued after completing the IPCC gr. 1, it is a restriction that would come up after 1 years after starting pursuit (even if the student gets through the CPT &IPCC  level in the first attempts). Candidates of CWA and CS courses have no such restrictions.

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ICAI Revised syllabus of selected papers of Intermediate and Final Courses


Important Announcement

 

Sub: Revision of syllabus of

Group – I – Paper- 4 – Taxation – Part – II and
Group – II – Paper – 7 – Section A: Information Technology of
Intermediate (IPC) Course; and

Group – II – Paper – 6 Information Systems Control and Audit and
Group – II – Paper – 8 – Indirect Tax Laws of Final Course.
—————
As per the decision of the Council taken at its 324th held in March, 2013, it is
notified for information of students and the public at large that the examination in
the following papers effective from November 2014 examination and onwards shall
be held as per the revised syllabus, as specified by the Council in terms of its
authority as vested in Regulation 28E (3) and 31(iii) in respect of Intermediate
(IPC)/Accounting Technician Examination and Final Examination respectively.
Intermediate (IPC) Examination/
Accounting Technician Examination
(ATE) under Regulation 28E (3) of the
Chartered Accountants Regulations,
1988.
Paper 4:
Part I : No change
Part II: Taxation i.e. Service Tax (25
Marks) and VAT (25 Marks)
Paper 7: Section A: Information
Technology (50 Marks)
Final Examination under Regulation 31(iii) of the Chartered Accountants
Regulations, 1988
Paper 6: Information Systems Control
and Audit (100 Marks)
Paper: 8: Indirect Tax Laws (100 Marks)
The detailed Revised Syllabi in respect of aforesaid papers of Intermediate
(IPC) and Final Examinations are hereby attached for the information of students
and general public.
It is clarified that there is no change in the syllabus of remaining papers of
Intermediate (IPC) Course and Final Course, except as specified above.
Director, Board of Studies
INTERMEDIATE (IPC), GROUP I, PAPER 4: TAXATION
Syllabus
PART II – INDIRECT TAXES (50 MARKS)
Objective:
To develop an understanding of the basic concepts of the different types of indirect taxes and to
acquire the ability to analyse the significant provisions of service tax.
1. Introduction to excise duty, customs duty, central sales tax and VAT – Constitutional
aspects, Basic concepts relating to levy, taxable event and related provisions
2. Significant provisions of service tax
(i). Constitutional Aspects
(ii) Basic Concepts and General Principles
(iii) Charge of service tax including negative list of services
(iv) Point of taxation of services
(v) Exemptions and Abatements
(vi) Valuation of taxable services
(vii) Invoicing for taxable services
(viii) Payment of service tax
(ix) Registration
(x) Furnishing of returns
(xi) CENVAT Credit [Rule 1 -9 of CENVAT Credit Rules, 2004]
Note – If new legislations are enacted in place of the existing legislations the syllabus will
accordingly include the corresponding provisions of such new legislations in place of the existing
legislations with effect from the date to be notified by the Institute. Students shall not be examined
with reference to any particular State VAT Law.
Intermediate (IPC), Group-II, Paper-7A: Information Technology
Paper – 7A: Information Technology (50 Marks)
Syllabus
Level of Knowledge: Working Knowledge
Objective: “To develop understanding of Information Technology as a key enabler and facilitator of
implementing Information Systems in enterprises and their impact on business processes and controls”.
Contents
1. Business Process Management & IT
 Introduction to various Business processes – Accounting, Finances, Sale, Purchase etc.
 Business Process Automation – Benefits & Risks
 Approach to mapping systems : Entity Diagrams, Data Flow Diagrams, Systems Flow
diagrams, Decision trees/tables, 
 Accounting systems vs. Value chain automation, Information as a business asset
 Impact of IT on business processes, Business Risks of failure of IT
 Business Process Re-engineering

2. Information Systems and IT Fundamentals
 Understand importance of IT in business and relevance to Audit with case studies.
 Understand working of computers and networks in business process automation from
business information perspective
 Concepts of Computing (Definition provided by ACM/IEEE and overview of related
terminologies) 
 Overview of IS Layers – Applications, DBMS, systems software, hardware, networks &
links and people
 Overview of Information Systems life cycle and key phases
 Computing Technologies & Hardware – Servers, end points, popular computing
architectures, emerging computing architectures & delivery models – example: SaaS, Cloud
Computing, Mobile computing, etc.
 Example: Overview of latest devices/technologies – i5, Bluetooth, Tablet, Wi-Fi, Android,
Touchpad, iPad, iPod, Laptop, Notebook, Smartphone, Ultra- Mobile PC etc.)

3. Telecommunication and Networks
 Fundamentals of telecommunication 
 Components and functions of Telecommunication Systems
 Data networks – types of architecture, LAN, WAN, Wireless, private and public
networks etc.
 Overview of computing architectures – centralised, de-centralised, mainframe, clientserver,
thin-thick client etc.
 Network Fundamentals – Components, Standards and protocols, Network risks &
controls – VPN, Encryption, Secure protocols,
 Network administration and management – concepts and issues
 How information systems are facilitated through telecommunications.
 How Internet works, Internet architecture, key concepts, risks and controls
 e-Commerce and M-commerce technologies

4. Business Information Systems
 Information Systems and their role in businesses
 IT as a business enabler & driver – ERP, Core Banking System, CRM, SCM, HRMS,
Payment Mechanisms
 The relationship between organisations, information systems and business processes
 Accounting Information Systems and linkages to Operational systems
 Business Reporting, MIS & IT
 Organisation Roles & responsibilities and table or authorities, importance of access
controls, privilege controls
 Specialised systems – MIS, DSS, Business Intelligence, Expert Systems, Artificial
Intelligence, Knowledge Management systems etc.

5. Business process automation through Application software
 Business Applications – overview and types
 Business Process Automation, relevant controls and information systems
 Information Processing & Delivery channels and their role in Information Systems
 Key types of Application Controls and their need
 Emerging concepts – Virtualisation, Grid Computing, Cloud delivery model
Final Course, Group-II, Paper-6:
Information Systems Control and Audit
(One Paper – Three Hours – 100 Marks)
Syllabus
Level of Knowledge: Advanced Knowledge
Objective: “To develop competencies and skill-sets in evaluation of controls and relevant evidence
gathering in an IT environment using IT tools and techniques for effective and efficient performance of
accounting, assurance and compliance services provided by a Chartered Accountant”.
Contents
1. Concepts of Governance and Management of Information Systems
Governance, Risk and compliance and relationship between governance and management.
Role of information technology and IS Strategy in business strategy, operations and control , business
value from use of IT, business impact of IS risks different types of Information Systems Risks, IS Risk
management overview, IT Compliance overview – Role and responsibilities of top management as regards
IT-GRC. Role of Information Systems Assurance. Overview of Governance of Enterprise IT and COBIT
2. Information Systems Concepts
Overview of information systems in IT environment and practical aspects of application of information
systems in enterprise processes. Information as a key business asset and its relation to business
objectives, business processes and relative importance of information systems from strategic and
operational perspectives. Various types of business applications, overview of underlying IT technologies.
3. Protection of Information Systems
Need for protection of Information systems, types of controls, IT general controls, logical access controls &
application controls. Technologies and security management features, IS Security Policies, procedures,
practices, standards and guidelines, IT controls and control objectives, Role of technology systems in
control monitoring, segregation of duties. Impact of IT controls on Internal controls over financial reporting,
cyber frauds and control failures.
4. Business Continuity Planning and Disaster recovery planning
Assessing Business Continuity Management, Business Impact Analysis and Business Continuity Plans,
Disaster recovery from perspective of going concern, Recovery Strategies
5. Acquisition, Development and Implementation of Information Systems (SDLC)
Business process design (integrated systems, automated, and manual interfaces), Software procurement,
RFP process, evaluation of IT proposals, computing ROI, Computing Cost of IT implementation and cost
benefit analysis, systematic approach to SDLC and review of SDLC controls at different stages.
6. Auditing & Information Systems
Different types of IS audit and assurance engagements. Evaluating IT dependencies for audit planning.
Overview of continuous auditing. Auditing Information Systems- Approach methodology, and standards for
auditing information systems. IS Audit planning, performing an IS audit, rules of digital evidence, best
practices and standards for IS audit.
Reviewing General Controls, Application Controls, Application control reviews: Review of controls at
various levels/layers such as: Parameters, user creation, granting of access rights, input, processing and
output controls.
7. Information Technology Regulatory issues
Overview of Specific section of IT Act 2008 & Rules as relevant for assurance: Electronic Contracting,
digital signatures, cyber offences, etc. Need for systems audit as per various regulations such as: SEBI
Clause 49 listing requirements and internal controls, systems control & audit requirements as per RBI,
SEBI, IRDA. Concepts of Cyber forensics/Cyber Fraud investigation, Overview of Information Security
Standards ISO 27001, ISAE 3402/SA 402, ITIL
8. Emerging Technology: Overview of Cloud Computing, Software as a Service, Mobile Computing &
BYOD, Web 2.0 & social media, Green IT and related security and audit issues
FINAL GROUP II
PAPER 8 : INDIRECT TAX LAWS
(One paper – Three hours – 100 marks)
Syllabus
Level of Knowledge: Advanced knowledge
Objectives:
(a) To gain advanced knowledge of the principles of the laws relating to central excise,
service tax and customs
(b) To acquire the ability to apply the knowledge of the provisions of the above-mentioned
laws to various situations in actual practice
Contents:
Section A: Central Excise (25 marks)
Central Excise Act, 1944 and the Central Excise Tariff Act, 1985
Section B: Service Tax (50 marks)
Law relating to service tax as contained in the Finance Act, 1994 as amended from time to time
Section C: Customs and Foreign Trade Policy (25 marks)
Customs Act, 1962, Customs Tariff Act, 1975 and Foreign Trade Policy to the extent relevant to the
Customs Law
Note – If new legislations are enacted in place of the existing legislations relating to central excise,
customs and service tax, the syllabus will accordingly include such new legislations in place of the
existing legislations with effect from the date to be notified by the Institute.

 

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TIPS FOR IPCC IMFORMATION TACHNOLOGY EXAM


Imformation Technology Tips..:-
CA Rockstars.
1. revise only those topics which u had studied earlier dont start anything new .

2. u can leave the questions which are included in LAST YEAR question paper.
3. give more attention on DBMS n INTERNET (exept FB)  it will fetch u some more marks .

4. try to answer only those questions jinke answers apko pta ho thode bahut dont try too fool the checker by writing anything .

5. make daigram in support of ur ans if possible agar nhi bhi banaoge to its ok .

6. dont go for any summary notes now jha se pahle kiya tha vhi se karo.

7. write short n breif answers n try to write technical words as wrtten in ur text books .as i said in past give weight to ur answers not answer sheet .

best of luck to all
Alkit Jain 

ImageSTthanx for reading