Amendments applicable for IPCC Nov 2017 In simple language

0
156

Amendments applicable for IPCC Nov 2017 In simple language

 

Amendments applicable for IPCC Nov 2016
Amendments applicable for IPCC Nov 2017

Amendments applicable for IPCC Nov 2017 Paper 1 : Accounts 

Non Applicability of IND AS : Any new AS or Ind AS or revised version of AS or Ind AS, notified by the MCA, is being made applicable for CA examination only after one year of its notification.

Accordingly, amendments made on 31st March, 2016 by the Ministry of Corporate Affairs in the Companies (Accounting Standards) Rules, 2006 and Companies (Indian Accounting Standards) Rules, 2015 are not applicable for November, 2016 examination both at the Intermediate (IPC) and Final levels.

Refer this Notification from ICAI :- http://icai.org/new_post.html?post_id=12689&c_id=342

Chapter Name – Following chapter is added from may 15
Financial Statements of Companies
  • Meaning of company
  • Books of accounts to be maintained at registered office.
  • List of statuary books to be maintained.
  • Annual Return of company
  • Schedule III of companies Act, 2013
  • Managerial remuneration
  • Dividend
Other small topics to be added :
Note 1 :- All the above mentioned topics are amended as per new Companies Act, 2013.
Note 2:-  Please note that the Schedule III is exactly same as Schedule VI of companies act, 1956 only the name have been changed.
Chapter name – Accounting for Bonus Issue 
Section 63 of Companies Act, 2013 related to issue of bonus shares have been ammended
Amendments applicable for IPCC Nov 2017 Paper 2 : Law, Ethics & Communication –
additional sections in Companies Act, 2013 which are notified by MCA i.e. Section 1-122 are applicable for May 2015 Onwards syllabus .
Note:Its better to buy new book for company law.
We will suggest hand book by Munish bhandari Buy latest book from here :- Munish Bhandari latest book for CA IPCC and practice manual and those who can’t afford new book can refer icai module. :- Download the latest Study Mat from here :- IPCC Law Ethics & Communication Study Material Practice Manual for May 2015 Onwards Exams
Amendments applicable for IPCC Nov 2017 Paper 3 : Cost & FM – No change
Amendments applicable for IPCC Nov 2017  Paper 4 : Taxation – the changes will be as per latest finance act , we will provide you the same very shortly 
Amendments applicable for IPCC Nov 2017 Paper 5 : Advance Accounts

Exclusion from the CA syllabus Intermediate (IPCC) Paper 5 : Advanced Accounting

  • Financial Reporting of Electricity Companies
Amendments applicable for IPCC Nov 2017 Paper 6 : Auditing – There are just slight changes in Company Audit 1 and 2 chapter, which you can find in RTP which will be out soon.Download the Latest Study Mat For Audit Form here :- IPCC Auditing and Assurance Study Material Practice Manual for May 2015 Exams
Amendments applicable for IPCC Nov 2017 Paper 7 : IT & SM – No changes as of now, Still check RTP for more changes and cross check amendments given above.

Hope you have better idea of the changes in Nov 16exams for more check official notification from here by icai which is released a way back :- CA IPCC Nov 2017 SYLLABUS

OFFICIAL ICAI Announcement :-

 

Comments

comments