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CA IPCC May 2020 Syllabus for Old Registered Students
Students looking for CA Intermediate may 2020 syllabus Click here.
In this article, we are going to share the IPCC May 2020 complete syllabus for old registered students. We have already updated you with the CA Intermediate new course applicable to students registered on or after 1st July 2017, part of the new curriculum introduced by ICAI.
With the notification, ICAI has made it clear, that students who are already registered with the old syllabus need not switch over new syllabus in May 2018. It is completely optional. However, Finance Act, 2017 and GST will be applicable for both old as well as newly registered students.
In the previous articles, we have also shared
- How to Prepare for CA IPCC/Intermediate Nov 2019 Exam to Get a Good Rank
- Preparation Strategy to Score High in CA Intermediate Group 1st Papers
- How to Prepare for CA Intermediate May 2020 Group 2 Papers
Don’t forget to read these resourceful articles and click on the below mention link to download CA IPCC syllabus for the old registered students in PDF. Check out the download section for more useful resources.
The entire course of CA IPCC syllabus is divided into 7 papers. Have a look below –
| Group 1 | |
| Paper: 1 | Accounting (100 Marks) |
| Paper: 2 | Business Law, Ethics and Communication (100 Marks) Section A: Business Law (60 Marks)
Section B: Ethics (20 Marks) |
| Paper :3 | Cost Accounting and Financial Management (100 Marks) Part: 1 Cost Accounting (50 Marks) Part: 2 Financial Management (50 Marks) |
| Paper: 4 | Taxation (100 Marks) Section A: Income Tax (50 Marks) Section B: Indirect Tax (50 Marks) |
| Group 2 | |
| Paper: 5 | Advanced Accounting (100 Marks) |
| Paper: 6 | Auditing and Assurance (100 Marks) |
| Paper: 7 | Information Technology and Strategic Management (100 Marks)
|
IPCC Syllabus and Section-Wise Weightage
Paper 1: Accounting
| Chapter | Content |
| 1 | A General Knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards |
| 2 | Accounting Standards |
| 3 | Company Accounts |
| 4 | Average Due Date, Account Current, Self-Balancing Ledgers |
| 5 | Financial Statements of Not-for-Profit Organisations |
| 6 | Accounts from Incomplete Records |
| 7 | Accounting for Special Transactions |
| 8 | Issues in Partnership Accounts |
| 9 | Accounting in Computerised Environment |
Paper 2: Business Laws, Ethics, and Communication
Part I – Business Law
| Chapter | Content |
| 1 | Business Law |
| 2 | Company Law |
Part II – Ethics
| Chapter | Content |
| 1 | Introduction to Business Ethics |
| 2 | Environment issues |
| 3 | Ethics in Workplace |
| 4 | Ethics in Marketing and Consumer Protection |
| 5 | Ethics in Accounting and Finance |
Part III – Communication
| Chapter | Content |
| 1 | Elements of Communication |
| 2 | Communication in Business Environment |
| 3 | Basic understanding of legal deeds and documents |
Paper 3: Cost Accounting and Financial Management
Part I – Cost Accounting
| Chapter | Content |
| 1 | Introduction to Cost Accounting |
| 2 | Cost Ascertainment |
| 3 | Cost Book-keeping |
| 4 | Costing Systems |
| 5 | Introduction to Marginal Costing |
| 6 | Introduction to Standard Costing |
| 7 | Budget and Budgetary Control |
Part II – Financial Management
| Chapter | Content |
| 1 | Scope and Objectives of Financial Management |
| 2 | Time Value of Money |
| 3 | Financial Analysis and Planning |
| 4 | Financing Decisions |
| 5 | Types of Financing |
| 6 | Investment Decisions |
| 7 | Management of Working Capital |
Paper 4: Taxation
Section A – Income Tax
| Chapter | Content |
| 1 | Important definitions in the Income-tax Act, 1961 |
| 2 | Basis of charge; Rates of taxes applicable for different types of assessees |
| 3 | Concepts of previous year and assessment year |
| 4 | Residential status and scope of total income; Income deemed to be received / deemed to accrue or arise in India |
| 5 | Incomes which do not form part of total income (other than charitable trusts and institutions, political parties and electoral trusts) |
| 6 | Heads of income and the provisions governing computation of income under different heads |
| 7 | Income of other persons included in assessee’s total income |
| 8 | Aggregation of income; Set-off or carry forward and set-off of losses |
| 9 | Deductions from gross total income |
| 10 | Computation of total income and tax liability of individuals |
| 11 | Provisions concerning advance tax and tax deducted at source |
| 12 | Provisions for filing of return of income |
Section B – Indirect Taxes
| Chapter | Content |
| 1 | Concept of indirect taxes |
| 2 | Goods and Services Tax (GST) Laws |
Paper 5: Advanced Accounting
| Chapter | Content |
| 1 | Framework for Preparation and Presentation of Financial Statements |
| 2 | Accounting Standards |
| 3 | Advanced Issues in Partnership Accounts and Issues related to accounting in Limited Liability Partnerships Dissolution of partnership firms including piecemeal distribution of assets; Amalgamation of partnership firms; Conversion into a company and Sale to a company. |
| 4 | Company Accounts |
| 5 | Accounting for Special Transactions |
Paper 6: Auditing and Assurance
| Chapter | Content |
| 1 | Auditing Concepts |
| 2 | Standards on Auditing and Guidance Notes |
| 3 | Auditing engagement |
| 4 | Documentation |
| 5 | Audit evidence |
| 6 | Internal Control |
| 7 | Internal Control and Computerized Environment, Approaches to Auditing in Computerised Environment. |
| 8 | Auditing Sampling |
| 9 | Analytical review procedures. |
| 10 | Audit of payments |
| 11 | Audit of receipts |
| 12 | Audit of Purchases |
| 13 | Audit of Sales |
| 14 | Audit of suppliers ledger and the debtors ledger |
| 15 | Audit of impersonal ledger |
| 16 | Audit of assets and liabilities |
| 17 | Company Audit |
| 18 | Audit Report |
| 19 | Special points in audit of different types of undertakings, i.e., Educational institutions, Hotels, Clubs, Hospitals, Hire-purchase and leasin companies (excluding banks, electricity companies, cooperative societies, and insurance companies). |
| 20 | Features and basic principles of government audit, Local bodies and not-for-profit organizations, Comptroller and Auditor General and its constitutional role. |
Paper 7: Information Technology and Strategic Management
Section A: Information Technology
| Chapter | Content |
| 1 | Business Process Management & IT |
| 2 | Information Systems and IT Fundamentals |
| 3 | Telecommunication and Networks |
| 4 | Business Information Systems |
| 5 | Business Process Automation through Application software |
Section B: Information Technology
| Chapter | Content |
| 1 | Business Environment |
| 2 | Business Policy and Strategic Management |
| 3 | Strategic Analysis |
| 4 | Strategic Planning |
| 5 | Formulation of Functional Strategy |
| 6 | Strategy Implementation and Control |
| 7 | Reaching Strategic Edge |
IPCC Skill-Wise Paper Distribution
| Paper | Level I Comprehension and Knowledge | Level II Application |
| Paper 1: Accounting | 5%-15% | 85%-95% |
| Paper 2 Part 1: Business Law | 40%-55% | 45%-60% |
| Paper 2 Part 2: Ethics | 80%-90% | 10%-20% |
| Paper 2 Part 3: Communication | 80%-90% | 10%-20% |
| Paper 3 Part I: Cost Management | 20%-30% | 70%-80% |
| Paper 3 Part II: Financial Management | 20%-30% | 70%-80% |
| Paper 4A: Taxation- Income Tax | 5%-20% | 80%-95% |
| Paper 4B: Taxation- Indirect Taxes | 20%-45% | 55%-80% |
| Paper 5: Advanced Accounting | 5%-15% | 85%-95% |
| Paper 6: Auditing and Assurance | 30%-55% | 45%-70% |
| Paper 7A: Information Technology | 30%-55% | 45%-70% |
| Paper 7B: Strategic Management | 30%-50% | 50%-70% |
Check out the Downloads Section for more Resources
- Download IPCC Section-wise Weightage PDF
- Download IPCC Study Material PDFs
- Download IPCC Previous Years Exam Papers
- Download CA Intermediate Study Material
- Download CA Intermediate Syllabus
- IPCC Exam Application Form
- Download IPCC Admit Card
Exam Pattern of IPCC Exams
‘What is the revised/latest exam pattern for IPCC Exam?’—this is the common question we receive from students, so below we are giving the detailed exam pattern for IPCC May Exam 2020 given by IPCC.
| Options for Medium of Study/Exam | English, Hindi |
| Mode of Exam | Offline |
| Exam Duration of Each Paper | 3 hours (extra 15 minutes for reading question paper) |
| Number of Papers | 7 |
| Type of Question | Objective and Subjective |
| Total Marks | 700 (100 for each paper) |
| Negative Marking | No |
English medium question papers will be in English language only.
For Hindi medium question papers, these papers will be bilingual—Paper 2, 3, 6, 7 and Paper 1, 4, 5 will be in English only.
Objective and subjective paper type
The following papers of the IPCC will have a 30:70 paper pattern.
| Paper 2 | Business Laws, Ethics, and Communication |
| Paper 4 | Taxation |
| Paper 6 | Auditing and Assurance |
| Paper 7 | Information Technology and Strategic Management |
In these subjects/papers, 70% of the marks will be for subjective type questions where descriptive answers must be written, while 30% of the marks will be objective type MCQs.
The MCQs carry 1 or 2 marks.
Number of 1 mark MCQs: 10–16
Number of 2 marks MCQs: 7–10
There is no negative marking in any of MCQ questions. No explanation is required for any of the MCQs.
FAQ
Ques 1. Can I change my selected medium of study for CA IPCC Exams?
Ans. ICAI gives you the option of changing your already selected medium of study/exam in the correction window which is opened after the last date of filling the application form with a late fee.
Ques 2. How many marks are needed to clear the IPCC Exam?
Ans. To be declared as passed in the IPCC Exam, you have to meet the two passing criteria—score an aggregate of 50% or above in both the groups together or one group (if a single group has opted) and a minimum of 40% marks in each paper of the 7 papers.
Ques 3. What is the exemption criteria for passing IPCC?
Ans. A student can claim an exemption if he/she scores 60% or above marks in any of the papers. For more details, you can refer to this ICAI resource.
Last attempt of old course is nov. 2020 or it has been lapsed.pls inform