IPCC BOTH GROUP IMPORTANT TOPICS FOR NOV 14

IPCC Important Questions May 2014
Some important questions/topics for CA IPCC which you
should not miss to prepare for IPCC May 2014 exam. These
are very important for IPCC May 2014. These are provided
by Yogesh Gupta.
(Don’t leave these Chapters & topics at any Cost)
*Group 1
Accounts
-Avg. due date(4)
-Partnership(16)
-Pre-incorporation(8)
-Amalgamation/Internal Reconstruction (16)
-Hire Purchase(8)
-NPO(16)
-Cash flow(16)
-Single entry(16)
-Imp. AS(revenue recog.,contract
,dep.,fixed asset)
*Law,ethics n comm.
-Bonus(8)
-Gratuity(8)
-last 3 chptrs of Indian Contract
Act,combined (10)
-Share Capital,General Meeting
-t/f transmission of shares Membership
-Share allotment,prospectus n MOA yg
-ethics(full,dnt leave anythn)
-comm.(deeds r vry imp.) n comm.
theory,rest of d chptrs
*Cost Accounting & FM
-Contract Costing,Material
-Reconciliation
-Standard,Marginal
-Labour,Overhead,Process Costing
-Capital budgeting,leaverage
-Working Capital,Receivable Mgt.
Cost of Capital,Ratios
*Taxation
-Salary(RFA,HRA,gratuity,pension,leave salary…motor car
facility n few more perquisites,all allowances r imp. shudnt
b ignored) yg
-Business proff.(thz sec r d most imp. viz sec
32,40A2,40A3,43B n topics lyk deduction in case of
scientific research,writing off of preliminary exp.,ques
related with book profits n cash payments in excess of
20,000 n payments tht can b made n claimed till ROI filing
date ie d above sections mentioned)…dnt leave ths chptr
FCAs plz,it’s coming of 16 marks since May’10 in evry
attempt.
-Capital gains(exemption related
sections,forfeiture sec 51, conversion of capital in2 stock
n sec 47)
-ROI,TDS,deductions(80C,80D,80
DD,80U,80G)
-Clubbing,other sources
*Service tax n VAT(fully) dnt leave
anythn,r SCORING
*Grp2
Accounts
-Partnership(16)
-Amalgamation/Internal Reconstruction (16)
-Branch A/c,liquidation,ba
nking,insurance …all may come of 8 marks each
-Underwriting,departmental(5 each)
-imp. AS(borrowing cost,govt.
grant,eps,lease)
-debenture chptr(16)
*Auditing
-Vouching,verification
-Co. audit 1 n 2
-Spcl. Audit
-EDP,govt. audit,Caro
-200 300 500 series SAs r imp.
*IT
-internet
-networking
-Dbms
-flowcharts
(almost carry 40 marks weightage)
*SM (full)
So, dont miss this important topics