The Institute of Cost Accountants of India
(Statutory body under an Act of Parliament)
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Foundation
PAPER 1 - Fundamentals of Economics and Management
1. Basic concepts of Economics
2. Market
3. National Income
4. Money
5. Banking
6. Indian Economy – an Overview
7. Evolution of Management thought
8. Management Process
9. Leadership & Motivation
10. Group Dynamics
11. Organizational Conflicts
PAPER 2 - Fundamentals of Accounting PAPER 2
1. Accounting Process
2. Reconciliation Statement
Part I
Part II
Part III
Part IV
Part V
3. Depreciation Accounting
4. Preparation of Final Accounts
Part I
Part II
Part III
5. Accounting for Special Transactions
Part I
Part II
Part III
6. Fundamentals of Cost Accounting
Part I
Part II
Part III
7. Preparation of Cost Statements
8. Funda mentals of Management Accounting –
PAPER 3 - Fundamentals of Laws and Ethics
1. The Indian Contract Act,1872
Part I
Part II
2. Laws relating to Sale of Goods
3. Negotiable Instruments Act,1881
4. The Indian Partnership Act,1932
5. The Factories Act,1948
6. Payment of Wages Act, 1936 and Minimum Wages Act,1948
7. The Employees’ State Insurance Act, 1948
8. The Child Labour (Prohibition and Regulation)Act,1986
9. Ethics and Business
PAPER 4 - Fundamentals of Business Mathematics & Statistic
1. Arithmetic
2. Algebra
Part I
Part II
Part III
Part IV
Part V
Part VI
Part VII
3. Calculus
Part I
Part II
Part III
Part IV
4. Statistical representation of Data
5. Measures of Central Tendency and Dispersion
Part I
Part II
6. Correlation and Regression
7. Index Numbers
Part I
Part II
8. Time Series Analysis-
9. Probability
Part I
Part II
Part III
Part IV
10. Theoretical Distribution
Part I
Part II
Part III
Intermediate
PAPER 5 - Financial Accounting PAPER 2
1. Accounting Process
2. Accounting Standards
3. Reconciliation Statements
Part I
Part II
Part III
4. Accounting for Depreciation
Part I
Part II
5. Preparation of Final Accounts
Finalization Of Accounts For A Non Trading Concern
Part I
Part II
Incomplete Records
Part I
Part II
Bad Debt
Adjustment For A Trading Concern
Part I
Part II
6. Partnership
Part I
Part II
7. Royalty and Hire-Purchase
8. Branch and Departmental Accounts
9. Self-Balancing Ledgers and Sectional Balancing Ledgers
10. Accounting in Service Sectors
11. Accounting for Special Transactions
Part I
Part II
Part III
Part IV
12. Banking , Electricity and Insurance Companies
PAPER 6 - Laws, Ethics and Governance
1. Laws of Contracts
Part I
Part II
Part III
2. Laws relating to Sale of Goods
3. Laws relating to Employees
4. The Negotiable Instruments Act,1881
5. Laws related to Partnership
6. Prevention of Money Laundering Act,2011
7. Essentials of Corporate Laws
8. The Right to Information Act,2005
9. Governance
10. Ethics and Business
11. Ethical Conflict
PAPER 7 - Direct Taxation
1. Types of Taxes
2. The Source of Income Tax Law
3. Residential Status and Tax Incidence
4. Income for Salaries
5. Income from House Property
6. Profits and Gains of Business or Profession
7. Capital Gains
8. Income from Other Sources
9. Clubbing of Income
10. Set Off or Carry Forward and Set off of Losses
11. Deduction in Computing Total income
12. Incomes which do not form Part of Total Income
13. Agricultural Income and Aggregation of Incomes
14. Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)
15. Return of Income
16. Assessment Procedure
Part I
Part II
17. Assessment of Various Entities & Tax Planning
18. Grievances Redressal Procedure
19. Interest
20. Advance Payment of Tax
21. Collection and Recovery of Tax
22. Deduction and Collection of Tax At Source
23. Penalty & Prosecution
24. Refund
25. Settlement of Cases
26. Tax Administration
27. Double Taxation Relief
28. Wealth Tax
29. Taxation of International Transactions
PAPER 8 - Cost Accounting and Financial Management
1. General Purpose Cost Statement
2. Business Process Analysis
Part I
Part II
Part III
3. Overview of Financial Management
Part I
Part II
4. Tools for Financial Analysis and Planning
5. Working Capital Management and Leverage Analysis
Part I
Part II
Part III
Part IV
Part V
6. Cost of Capital
Part I
Part II
7. Capital Budgeting
PAPER 9 - Operation Management & Information System
1. Operations management & Designing and Managing Operations
2. Production Planning
Part I
Part II
Part III
Part IV
Part V
Part VI
3. Productivity management and Total Quality Management
4. Economics of maintenance and Spares Management
5. Infromation System Analysis and Design
6. Database Management System
7. Management Information System (MIS) and Information Economics
8. Enterprise Resource Planning
9. Cyber Law, E-commerce
PAPER 10 - Cost and Management Accountancy
1. Cost Accounting Methods & Systems
2. Decision Making Tools (advanced level)
3. Budgeting And Budgetary Control
4. Standard Costing
5. Cost Accounting Records and Cost Audit
6. Economics for Managerial Decision Making
PAPER 11 - Indirect Taxation
1. Canons of Taxation - Indirect Taxes
2. Central Excise Act, 1944
3. Cenvat Credit
4. Customs Law
5. Exim Policy
6. Service Tax
Part I
Part II
Part III
Part IV
Part V
Part VI
Part VII
Part VIII
Part IX
Part X
Part X A
Part X B
Part XI
Part XII
Part XIII
Part XIV
Part XV
7. Adjudication, Penalties and appeals in Indirect Tax
8. Sate Level VAT
9. Central Sales Tax Act, 1956
10. International Taxation and Transfer Priceing
PAPER 12 - Company Accounts and Audit
1. Conceptual Framework for Preparation and Presentation of Financial Statements
2. Accounting Standards
3. Accounting for Shares and Debentures
Part I
Part II
4. Presentation of Financial Statements (as per Revised Schedule VI)
5. Cash Flow Statement (AS 3)
6. Segmental Reporting (AS 17)
7. Business Combinations and Corporate Restructuring
8. Liquidation of Companies
9. Auditing Concepts
10. Provision relating to Audit under Companies Act
11. Audit Planning, Programme and Procedures
12. Internal Control, Internal Check and Internal Audit
13. Vouching and Verification
14. Audit of Regulated and Non-Regulated Industries
15. The Company Auditor
16. The Company Audit
17. Audit Report
18. Standards on Auditing (SA)
Final
To be updated Shortly